Gold Cartel author Dimitri Speck is back on Kitco News to share his latest manipulation findings in the precious metals markets. According to Speck, there are price discrepancies in the platinum market during the time of the morning and afternoon fixes. “In my opinion, the core problem with the precious metals manipulation is not only the fixing but the manipulation of the futures markets itself,” he says. “And this will not stop through the changing of the fixing rule.” Speck analysed the afternoon fix specifically and says there is a typical downward move in prices. “This is, of course, an anomaly that should not happen.” He adds that these statistical anomalies are common in gold and silver, and he has yet to find an explanation other than manipulation for such discrepancies. “My strong opinion is [manipulation] comes through the futures markets, and not exactly through the fixing despite [the fact that] it can be statistically proven in the fixing period.” Tune in now to our latest edition of “On The Spot” with Daniela Cambone. Kitco News, October 1, 2014.
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4 Comments
no matter what,my money is still in favor of history,more now than ever,a printing press is not my cup of tea,gold and silver and even rarer is PLATINUM, and I mean rare,this material is even been thought to come from outer space,and that's no bull,you all can harp about your stacked up hundred dollar bills and your land with never ending taxes attached,i'll hide what my grandfather told me was real money and he survive d the crash o 1929 just fine
#Platinum Manipulation? ▸ http://youtu.be/dj5PoRXWVmA
But but but I thought people trading in the metals markets were all upstanding well intentioned people…
Silver is classed as a commodity not a Tier 1 asset like gold, so it is absolutely absurd that the silver price is being fixed daily. The fact that its ratio is well above 70:1 against gold at the moment when it should be ~12:1 is another obvious sign that the price is being massively suppressed. The most disturbing thing is this is all driven by the paper markets which sets the price for the real thing! Right now it's below all in production costs for nearly all of the top silver mines. How long can this go on before something ruptures?