Gold thieves: Caught on Tape.

The gold smash, as it is called, of last Friday and this Monday, was far bigger then we envisioned. It involved COMEX trades amounting to 12% greater than the entire gold production for a year. Obviously, such an amount of gold can not be delivered, so it is a naked short trade, an illegal trade to fix gold prices.

But, I promised you a picture of the gold thieves on the tape. The whole anatomy, rationale and aftermath is detailed in this article:

http://seekingalpha.com/article/1343211-this-gold-slam-is-a-massive-wealth-transfer-from-our-pockets-to-the-banks?source=email_the_daily_dispatch&ifp=0

The first graph is the normal functioning of the COMEX. Orders vary in size and timing.

The second graph is the artifical trading during the gold smash:

The third picture is the volumes:

This is one of the takedowns including a practice run before 8:25.

We can speculate as to who the culprits are. Certainly, a takedown such as this can not happen with without the knowledge of the COMEX, the bouillon banks and even the FED, because the amount of the money involved.

Why did they do it? Maybe to conceal the inflation and justify further QE? Or, to recapitalize a few banks? To protect the US Dollar? The more the distortion the worse the consequences will be.