Manipulation of the Gold and Silver Markets.

For the most part of last year, gold and silver miners fell, even as the gold price continued to rise. The best answer I get is that certain entities were trying to suppress gold prices in order to produce a slow rise in gold prices and a slow loss of value in the fiat currencies. The XAU is now producing a wedge and the miners have been increasing. Even during the last drop, the miners held better than gold and are now swinging up.

The second graph shows the action in gold price. Here is where manipulation is shown clearly and perhaps the reasons for it. The price of gold is allowed to increase gradually and every time gold prices start turning parabolic, we see an intervention to crash prices. These are indicated by red arrows. Note that the drops are accompanied by increased volume. Someone is dumping gold to decrease the price. King World News describes what happened during yesterday's dump. Someone comes in and begins to dump a large amount of gold in a short time. The Seller is not trying to achieve a reasonable price. The objective of the Seller is to depress price. In a few days the price is allowed to rise and gold price goes up as a more or less straight line with a certain slope. Note that there was a dump in September, December and yesterday. This is not ordinary sales, but a dump.

The next two graphs show the gold and silver prices on a shorter scale. This pinpoints the dumps more accurately. KWN articles suggest that the dumps are rear guard action by the Central Banks to keep the gold market rising slowly and prevent a panic in the market place. My calculations indicate that gold will reach a new high at the end of May. Perhaps the central banks hope that if they can hold out till then, the "sell in May" adage will ease the upper pressure on prices. The forecast is still for higher gold and silver.