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Paul Craig Roberts explained more. He discussed Fed market rigging. He was the first to do so. Among other reasons, it's done "to protect the US dollar's exchange value""
Fed QE threatens it. By increasing dollar supply faster than demand, its "price or exchange value".is set up to fall."
Doing so raises import prices. Domestic inflation follows, "and the Fed would lose control over interest rates."
"The bond market would collapse, and with it the values of debt-related derivatives on the 'banks too big too fail' balance sheets. The financial system would be in turmoil, and panic would reign."
Rising gold prices reflect declining dollar valuation confidence. Fed-used "paper gold market" "naked shorts" offset "rising demand for bullion possession."
They drive prices lower. Naked shorts reflect what sellers don't have. They sell short regardless. "In the paper gold market," they don't plan taking gold delivery. They want cold hard cash.
Dumping hundreds gold tons on the market affects it greatly. It "drives down the price." Unwary holders lose out big. If things go as planned, naked short sellers benefit enormously. The dirty game works that way.
Roberts expects gold prices to fall further. It's hard knowing for sure. Plans perhaps could backfire. Generally, as gold goes, silver follows.
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