Huge Raid on gold and silver/Gold continues to leave the GLD
With Europe closed for its May day holiday, the bankers took advantage of the thin trading to whack gold and silver. Another of their usual criminal tricks.
Gold and silver got a little boost this afternoon after the release of the FOMC report. The market decided that the Fed will continue with its QE. Actually they have no choice but to monetize its debt as it must fund its 1.2 trillion in deficit. Nobody else will pony up the money.
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