Loading ...To my friend Harvey Organ re the staggering amount of 20,000+ EFP’s he revealed on Friday:
Hi Harvey,
I mentioned this. It is a big story.
But, I have no clue what it means.
That amount is mindboggling.
But it NEVER makes a difference in how gold trades and where the price goes.
gold was supposedly tight in London last year and I think longer than that.
But, nothing happens.
???
B
Harvey came back with…
what you must realize is that we are dealing with an orchestrated fraud to the highest degree
with regulators and bankers fully vested in the scheme
they can supply unlimited paper gold and nobody will utter a word.
they call for a raid to lower the price and the regulators do nothing
we even have the judge in their pocket as she will not lift the stay so we can discover the crooks
i pay no attention to trading as it is manipulated 100% of every active trading day.
when will it end:
when Russia and China take the last bit of physical gold being offered by the west
and there is no more to give
the backwardation of gold and silver in London suggests that they are running out of metal
‘the negative gold rate this morning also indicates huge scarcity of gold.
all you can do is tell your viewers that this is a fraud and do not buy paper gold but the real stuff
there is nothing else you can do in a fraud.
the EFP paper game was invented by the bankers to hide “deliveries”
Today when you stated that 17,000 open interest contracts collapsed
you were wrong!! longs did not liquidate!
these 17000 contracts plus an additional 3000 comex contracts traded their positions for paper london forwards.
simple
and then the longs decide if they want physical or stay on the London paper wheel
you must understand the fraud/everything else is meaningless.
all the best
h