![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif)
On Friday Gold finished the day down by $10.80 at $1428.10. Silver finished the day at $37.74 down13 cents even though it was clobbered to $36.94 very early morning hours.
Gold and silver experienced a huge raids by "the banksters" pretty much all week long. But they particularly target the Faux jobs number in order to carry out their raids, purpose: to inhibit investors ability to hedge against the number.
The Mechanics of the raid, as per Harvey "They tell the bankers to withhold all bids and when they throw over 100,000 unbacked paper contracts right on the onset of trading, the price falls dramatically and trips all of the stop losses. This causes more losses. Finally, equilibrium occurs at a much lower price and the bankers start covering all of those massive short contracts that they threw at the Comex". This has been going on for years and our regulators just look the other way.
![Live 24 hours silver chart [ Kitco Inc. ]](http://www.kitco.com/images/live/silver.gif)
Gold and silver experienced a huge raids by "the banksters" pretty much all week long. But they particularly target the Faux jobs number in order to carry out their raids, purpose: to inhibit investors ability to hedge against the number.
The Mechanics of the raid, as per Harvey "They tell the bankers to withhold all bids and when they throw over 100,000 unbacked paper contracts right on the onset of trading, the price falls dramatically and trips all of the stop losses. This causes more losses. Finally, equilibrium occurs at a much lower price and the bankers start covering all of those massive short contracts that they threw at the Comex". This has been going on for years and our regulators just look the other way.
"Silver was the first to rebound which was followed by gold. Our banking cartel got royally defeated yesterday and they will have to have more for those late weekend meetings deciding what on earth they are going to do with the huge paper silver and gold demand they are facing coupled with the physical metal leaving their shores for other foreign destinations".
Gold OI rose by 5,014 contracts to 492,154.
Silver OI fell by a measly 15 contracts.
Silver and gold are going much higher, take a listen to James Turk “The Freemarket Gold & Money Report,” an investment newsletter since 1987. He talks about Silver backwardation.
Silver and gold are going much higher, take a listen to James Turk “The Freemarket Gold & Money Report,” an investment newsletter since 1987. He talks about Silver backwardation.
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