gold, page-109339

The current gold price in the paper market is absolute proof of a corrupt banking and CRIMEX system.
THe Fed, CB's and banks are trapped.
Not taking sides on national issues of the conflict between Russia and Ukraine.

Putin locked the Ruble at 5000 Rub to 1 gram of gold.
That is 155,500 Ruble per Troy ounce (31.1gm)
If you whip out a calculator you will soon see Putin is prepared to buy gold for US$2,410 / oz (at 64.5 Ruble to one USD).
This is circa $3,400 AUD per ounce LOL
Arbitrage traders would normally sort this in seconds to pocket the difference.
The system is broken and the banks are exposed.
GS apparently demanding repayment of physical against leases as they do not want the exposure (who would?)
Banks that built short positions long ago are TRAPPED.
The CRIMEX is rigging the gold market and China is apparently planning to fix Yuan to gold as well.
Holdings of gold in Russia and China much higher than officially recognised. They have built for years. They have encouraged their citizens to save in gold too.

ROFL the lack of information and calculation is as funny as trolls.
Long positions wiped in derivative markets to force liquidation.
Algo selling decimates the gold sector of the ASX when the real price of gold is more like $3,400 not $2,600.
The AUD POG was not pushed down far at all as the AUD fell against a rising USD.
Cognitive dissonance abounds as ill informed investors stress and wonder why the USD is rising.
Japan has collapsed and Euro is collapsing as globalism dies. The globalists are trapped and exposed.
Sunlight is the best disinfectant. Yet knowledge is power. I just wrote all this up in my latest newsletter.
What a farce!!!

DYOR and enjoy the snap back once the margin calls and longs have been flushed out. We are close.
PS can't wait to ignore any troll that has a go at this because they do not understand the dynamics of the gold market or geopolitics.
AUD POG below. The lower cost miners are milking their production still.

Warmest regards CW