Proof of market rigging is open interest. On Monday (US time),...

Proof of market rigging is open interest. On Monday (US time), COMEX open interest for gold and silver barely fell. This is proof that the price collapse was not caused by capitulating longs - it was a cascade of short selling intended to drive the price lower.

As to why so many longs would hold their positions while having to hand over cash due to margin calls - if a sovereign like China wanted to accumulate as much gold as possible, or else break the COMEX, they need to buy when the volume is available, and not liquidate current long positions.

Now COMEX has increased margins allegedly due to risk management but really to put the longs under as much pressure as possible. It is clear as daylight there is a vast conspiracy to destroy the gold and silver price on paper exchanges.