By Paul Brownstein
Chartsandparts.substack.com
Tuesday, November 18, 2025
Gold and silver don't just trade on supply and demand. They trade on control -- the kind powerful institutions use when rising precious metals threaten the stability of the financial system.
Here is a simple look at how that control works: a daily effort in the paper markets to keep precious metals from breaking out,
and what it means when the effort becomes constant.
Meet The Hammer -- Mister Slammy -- Goliath.
... Dispatch continues below ...
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He doesn't work for a bank in the usual sense. He works for the system.
His job is to keep gold and silver quiet. Because when gold and silver rise quickly, they expose something uncomfortable: The financial system is more fragile than advertised.
They call him The Hammer because his tool is simple -- he hits the market with huge waves of paper selling. Not real metal. Not bars or coins. Just contracts -- claims to metal that doesn't exist in the vault. ...
... For the remainder of the commentary:
https://chartsandparts.substack.com/p/the-hammer [2]
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