$GLD and $SLV Prices as of May 20 2019 @moneymetals
12:28 PM
May 20, 2019 -- As fears over trade wars dissipated last week, gold and silver prices got clobbered.
The gold price closed in negative territory for the year and needs to hold important technical support just below its current levels to avert a deeper correction. Silver has now given up most of the gains since its lows in November.
The bullion banks appear to be up to their old tricks.
Bankers have been issuing naked contracts for gold and silver they don’t own physically to artificially inflate supply.
Now speculative longs frustrated by lower prices are hitting the exits, and the banks are profiting.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
The gold price closed in negative territory for the year and needs to hold important technical support just below its current levels to avert a deeper correction. Silver has now given up most of the gains since its lows in November.
The bullion banks appear to be up to their old tricks.
Bankers have been issuing naked contracts for gold and silver they don’t own physically to artificially inflate supply.
Now speculative longs frustrated by lower prices are hitting the exits, and the banks are profiting.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
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