What Caused the Temporary Retraction in the Price of Precious Metals?
” < Back to News page Usually when such price dips occur, it’s due to the central banks dumping gold onto the market. Those insiders who know this ahead of time then "short" the market. That means they make a lot of money when the price retreats. Dumping gold suddenly can make a lot of noise. It’s much like a police officer I once knew. Coming home late one night to his secluded house, he heard something rustling around in the woods. He took out his service revolver and emptied all the bullets it held into the darkness. Sure, it made a lot of noise, and things were pretty quiet for a while. Like I said, pretty quiet for a while….but nothing had changed at all. Well, this time the central banks didn’t dump gold (they haven’t but a few bullets left); they suddenly intervened in the impending collapse of the U.S. dollar. The central banks exchanged foreign currencies to buy U.S. government debt, held conveniently for them by our own Federal Reserve. Which, by the way, is about as federal
