Monday, December 1, 2014

Gold bottoms, then skyrockets within 24 hours of failed Swiss gold referendum

As Sunday Nov. 30 was chosen by the Swiss to be the day of their gold referendum, the banking cartels took advantage of limited access to utterly collapse both gold and silver by more than 10% during off-market trading.  And with the Swiss people happily choosing to remain tied to fiat currencies and a debt-based Keynesian model, it was very easy for the banks to short gold and silver to below $1150 and $14.50 respectively.
But something interesting happened when Europe opened, and late Asian trading got into the action.  The metals markets began to reverse, and by the time New York opened at 9:30 am, not only were all the losses recovered from yesterday’s blood bath, but within 30 minutes of trading, gold was in the black by more than $27, and silver was up $.54, and ahead of their Friday close.


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