What about gold and silver? Revised.

Gold and silver sold short has reached new highs. This means that precious metal prices are artificially lowered. This does not mean that gold prices can not rise, but we will see a wedge till the precious metals embark on the next leg of their new bull market.

What were the manipulators after? A: they wanted to cap gold at 1,300 and force it below.

How they did it? Gold open interest was increased. By last Friday the week over week open interest increased 20% or 95,000 contracts. That translates to 9.5M ounces of gold or $12B.

Who did it? Since, regular traders are limited to 600 contracts, it is obvious that it was banks acting on behalf of the FED that were the criminals doing the price fixing.

What is wrong with that?  first, the FED is spending out money and is corrupting the markets. Second, the corrupting is done to maintain the fiction that everything is all right. In reality, the banking system and the economy needs to be fixed.