Three Arrested for Gold Price Manipulation
And theories become facts.
As you know, Gold has broken out of $1500 per oz.
This has been coming for a while, but someone has always managed to buy contracts and then sell them off near the high $1200 to $1300 price range - seen in the sample chart from early 2019. You can see that severe drops were occurring in that range - until now.
So what happened?
Let's speed read this article, eliminating the adjectives and details so often added to have you miss the point.
It says, "..was a time .. the mention of gold manipulation in (airquotes) reputable (airquotes) media would brand you a conspiracy theorist..."
"All that has changed" blah blah "Person 1 ... a six-year spoofing scheme... gold and silver...futures contracts. He pled guilty to commodities fraud, conspiracy (fact)... manipulation..."
"One month ago person-2 admitted to precious metals manipulations--blah blah -- over 9 years."
Then, "person-3 ... guilty of conspiracy and manipulating prices..."
again it was in the precious metals market. The last person faces 135 months but will get a fine and a warning. (that will teach him)
Three instances that were happening, would have had me labeled a conspiracy theorist if written about earlier. I like to wait with said information in the back of my mind until the conspiracy is confirmed as being fact!
I was wondering why it was not pounded down, last 15 days
Article source ZeroHedge