You are here
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 ...
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.
Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.
Crucial guides to storage in Singapore and Switzerland can be read here:
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at email@example.com or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at: http://www.goldcore.com
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:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: