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Gold & Silver Saved The Euro From Collapse Today. Proof is in the London Bullion Market (LBMA) Price Charts

 
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05/14/2010 03:57 PM
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Gold & Silver Saved The Euro From Collapse Today. Proof is in the London Bullion Market (LBMA) Price Charts
At the opening of the London Bullion Market today (Friday, May 14), paper gold was approximately USD $1238. At the close of the LBMA, paper gold suddenly dropped to approximately $1218, a USD $20 difference. As soon as the LBMA was closed for floor trading, paper gold and silver immediately began to rise to yesterday's levels.

This was an outright manipulation to save the Euro from collapsing in value over the weekend.

The same happened with the paper silver LBMA price ratios starting at USD $19.48 and ending at $18.88, but recovering immediately after the close to yesterdays levels.

Had this not happened, the Euro would have gone into a freefall between today and Monday.

It will be interesting to see if this same pattern is repeated on Monday, May 17.

Last Edited by Oiled In Florida on 05/14/2010 04:29 PM
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05/14/2010 03:59 PM
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Re: Gold & Silver Saved The Euro From Collapse Today. Proof is in the London Bullion Market (LBMA) Price Charts
are these your thoughts or damned
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05/14/2010 04:01 PM
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Re: Gold & Silver Saved The Euro From Collapse Today. Proof is in the London Bullion Market (LBMA) Price Charts
[gold] [link to www.kitco.com]
[silver] [link to www.kitco.com]

I will update this with an historical London Close chart once the NY Globex paper markets close.

Last Edited by Oiled In Florida on 05/14/2010 04:26 PM
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05/14/2010 04:28 PM
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Re: Gold & Silver Saved The Euro From Collapse Today. Proof is in the London Bullion Market (LBMA) Price Charts
are these your thoughts or damned
 Quoting: Anonymous Coward 833852

Look at the charts. Had (paper) gold and silver markets kept rising against the Euro, this would have been a signal that the Euro value was going to drop closer to par value with the USD$.
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05/14/2010 09:19 PM
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Re: Gold & Silver Saved The Euro From Collapse Today. Proof is in the London Bullion Market (LBMA) Price Charts
If I had posted this as EAT or Sorcha Fall, I guess someone would have paid attention to reality of TPTB manipulations. Oh well.....





GLP