By now, regular readers are very familiar with my views on “markets”. We no longer have markets. Instead, we merely have computerized price-fixing operations which are called “markets”. All markets act and react according to a predictable set of patterns and principles. Our so-called markets now no longer exhibit any of these patterns and principles, hence they can’t be markets.

More Evidence of the Master Trading Algorithm

This absolute hijacking of our markets was completed in 2011. Since that time; the One Bank has exerted virtually absolute control over these former markets. The most obvious example of market-defying behavior is with the price of gold (and silver) and this was explained in a previous commentary.

Proof The Five-Year Low For Gold Is A Fraud

B.S. Bernanke’s helicopter-drop of money-printing had to produce a proportionate response (increase) in the price of gold…

Gold (as well as silver) is a monetary metal. That is the definition of a “monetary metal”: the price moves in a directly proportionate manner to the SUPPLY of money. The U.S. monetary base quintupled. The price of gold (and silver) also had to quintuple, during that same time-span. It didn’t. Ergo, we don’t have a gold market, or a silver market (or any, legitimate markets).

For five, solid years; gold and silver have not been allowed to move at all — upward. They have been literally locked into a sideways-to-lower grind over that period of time…until January 1st, 2016.

 

But wait. Flash ahead to January 1st, 2016, and we suddenly see gold (apparently) moving freely, i.e. once again looking like a “market”. Suddenly, we see gold (and to a lesser extent, silver) moving in a clear, upward trajectory. Did the banksters suddenly lose their MOTIVE to suppress gold and silver prices?

No. As has been explained on many occasions; Bernanke’s helicopter-drop has made the USD worthless (along with other fundamentals), and other Western currencies are literal more than derivatives of the worthless dollar. Thus the One Bank’s incentive to suppress gold and silver prices (the “canary in the coal mine”) is at an ULTIMATE MAXIMUM. That motive will remain at its ultimate maximum until the bankers’ worthless paper currencies acquire their correct value: zero.

Did the One Bank suddenly lose its capacity to manipulate these markets? Of course not. We have no regulation and no law enforcement…

U.S. ‘Justice’ Department Proclaims Big Banks Have A License To Steal

And the One Bank’s Master Trading Algorithm allows it to control prices in any market, to whatever degree it chooses (unless/until that market is completely destroyed). It is impossible for gold and silver prices to move higher unless the One Bank wants these prices to move higher. Yet look at the chart below: