Economy Gold and Precious Metals

Quayle Alert – Manipulating Metals

Written by JayWill7497

Gold prices fell to five-year lows on Monday, weighed down by the dollar’s unremitting gains as the target of the first U.S. interest-rate increase in more than 9 years loomed.

Gold for August delivery, the most actively traded contract, closed down 2.2% at $1,106.80 a troy ounce on the Comex division of the New York Mercantile Exchange, a level last noticed in March 2010.

Silver prices went under to their lowest level since August 2009, and platinum closed below $1,000 a troy ounce for the first time in more than 6 years.

Gold and other precious metals fell victim to a renewed bout of selling in commodities markets last week after Federal Reserve Janet Yellen seemed to give her strongest signal yet that rates in the U.S. would start to increase, quite possibly later this year.

Gold prices fell to five-year lows on Monday, weighed down by the dollar’s unremitting gains as the target of the first U.S. interest-rate increase in more than 9 years loomed.

Gold for August delivery, the most actively traded contract, closed down 2.2% at $1,106.80 a troy ounce on the Comex division of the New York Mercantile Exchange, a level last noticed in March 2010.

Silver prices went under to their lowest level since August 2009, and platinum closed below $1,000 a troy ounce for the first time in more than 6 years.

Gold and other precious metals fell victim to a renewed bout of selling in commodities markets last week after Federal Reserve Janet Yellen seemed to give her strongest signal yet that rates in the U.S. would start to increase, quite possibly later this year.

Gold and silver are dropping in price — 15% and 28% respectively over the last year — while the supply is drying up. How is that possible? Special guest Steve Quayle offers some insight into an unusual situation.

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About the author

JayWill7497

Reporter, Journalist, Blogger, Researcher. Committed to providing information by posting/archiving videos, articles, and links. I also investigate to raise awareness on numerous issues, inspire critical thinking, involvement, and hopefully to help make our world a better place for all. “The truth, always the truth at all costs”

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