BIS Surprises Gold Market Participants
Eric King: “James, I wanted to talk about the BIS (Bank for International Settlements) mobilizing all of that gold. As you know, the bullion banks, who act as agents for Western governments, were heavily shorting the gold market. And you were saying there were large backwardations in gold and silver, Maguire was talking about how they were getting overrun in the physical market. And then all the sudden the BIS mobilized all of that gold and the smash in the gold and silver markets began. Can you talk about that?”
Eric King: “James, I wanted to talk about the BIS (Bank for International Settlements) mobilizing all of that gold. As you know, the bullion banks, who act as agents for Western governments, were heavily shorting the gold market. And you were saying there were large backwardations in gold and silver, Maguire was talking about how they were getting overrun in the physical market. And then all the sudden the BIS mobilized all of that gold and the smash in the gold and silver markets began. Can you talk about that?”
James Turk: “Yes, we’ve seen this so many times, Eric, that you almost have to expect it. When there is panic behind the scenes by the bullion banks and the governments that are trying to cap the gold price, they go to the vault and they pull out some bars that haven’t seen the light of day for probably decades and then ship them over to Asia. And this just happened again…"
at http://kingworldnews.com/james-turk-here-is-the-big-surprise-in-the-gold-market/
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