Craig Hemke of the TF Metals Report, in his weekly commentary for Sprott Money, shows again today how last week's smashdown in gold futures prices was entirely a matter of creation by bullion banks of as much imaginary paper supply as necessary to panic the speculative longs into selling. Meanwhile, Hemke writes, there was virtually no real metal in the futures market vaults to back the paper claims being sold.
Hemke's analysis is headlined "Gold Price Manipulation Continues" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/bank-gold-pr...n-continues-...
