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David Brady at Sprott Money: Gold and silver market rigging is so obvious that you can trade it
8:32p ET Friday, June 22, 2018
Dear Friend of GATA and Gold:
A former currency trader for a major international bank, David Brady, founder of GlobalProTraders.com, writes today at Sprott Money that manipulation of the gold and silver markets by bullion banks at the behest of central banks "has become so obvious that it's predictable."
Brady claims to have made 500 percent on his money overnight in shorting silver a week ago Friday because the preparations of the bullion banks for a smashdown in the futures market were so clear.
... Dispatch continues below ...
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Brady describes the indications of a smashdown but cautions that "manipulation has an expiration date, as demonstrated in the 2000s and 1970s in particular. They cannot stop metal prices going up forever, and you want to be around for when gold and silver soar next.
"They are the most undervalued assets out there today. Plus, I follow the smart money. And China, Russia, and JPMorgan have been loading up on physical metals for years now. Central banks around the world are also repatriating their gold from the United States in preparation for some major event to come. I want to be long too when that event occurs."
Brady concludes: "Manipulation in metals is undeniable. It has become so chronic that it is now obvious and therefore predictable. Unfortunately, it can temporarily undermine or render traditional analytical tools as useless. You need to be aware of this to protect yourself when it is about to happen again, because it will."
Brady's analysis is headlined "Manipulation of Gold and Silver" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/manipulation-of-gold-silver.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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