Thursday, July 13, 2017

CEO of market exchange that allows metal manipulation to take place stated that the gold price should really be between $5000-6000

On July 12, the CEO of the Chicago Mercantile Exchange (CME) spoke with Fox Business News on the economy, and the current mechanisms in the gold and silver markets.  Yet what shocked many in the precious metals sphere was when Terry Duffy came out and said that the real price of gold right now should be somewhere between $5000 and $6000 per ounce.


And of course the question to ask then was why was this so shocking?  Because the CME seemingly appears to allow primary dealers of precious metals to get away with price manipulation... as seen less than a week ago in the silver market.

A few moments ago on Fox Business Channel we heard someone proclaim that “given all that’s going on the world, gold should probably be $5,000 to $6,000 per ounce”. Who actually had the gall to say this on live television? You won’t believe it unless you see it for yourself. 
So, here you go. This is Neil Cavuto discussing the “markets” with Terry Duffy, the one and only CEO of the CME Group. The first five minutes are the standard boilerplate of Fed policy, etc and blahblahblah. However, at the 4:55 mark, Cavuto asks: 
“But we haven’t seen money move into the metals….what is going on there?”
To which Duffy answers:……. 
Well, you’re going to have to hear it for yourself to believe it. Again, fast forward to the 4:55 mark and have a listen. – Craig Hemke via Silver Doctors


Perhaps Terry Duffy knows something in regards to what Andrew Maguire has been forecasting lately of a massive gold buy coming on the horizon, where there currently isn't enough metal to satisfy the expected 250 ton demand.

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