Rumblings in Precious Metals Markets A Sign of Coming Monetary System Collapse

Friday, May 30, 2014
By Paul Martin

DollarVigilante.com
5/29/2014

[Editor’s Note: The following post is by TDV Editor-In-Chief, Jeff Berwick]

Precious metals headlines have spiced up in recent weeks as continuing evidence of the reverberations of The End Of The Monetary System As We Know It (TEOTMSAWKI). The closing of the London Silver Fix, gold manipulation lawsuits in New York, Austria wanting to audit its gold held by England, Barclays being fined over gold manipulation, and China wanting more of a say over the gold price are all indicative of the coming US dollar and fiat currency collapse.

LONDON SILVER FIX ENDS, CME GROUP LOOKS INTO DAILY PRICE LIMITS ON GOLD & SILVER

An announcement on May 14 that The London Silver Fix would, after August 14, 2014, no longer operate came as a great surprise to followers of the gold and silver market.

The fix began in the late 19th century as a small group of London bullion dealers met daily to set the price for silver. After 117 years of operation, the silver fix will be no more. As FT reports, “the global benchmark for the metal – is on its deathbed.”

As if leading up to the end of the silver fix, news on April 29 that US futures exchange CME Group Inc would look into daily limits on price moves in gold and silver cited high-speed frequency traders rigging markets via dark pools and off-book exchange trading as the source of wild price fluctuations in the metals market.

Wild price movement had, after all, recently led the exchange to introduce circuit breakers in order to prevent cascading stop orders that could make price movements larger.

GOLD MANIPULATION LAWSUITS MOVE FORWARD IN NEW YORK

The Rest…HERE

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