We have another certified manipulation event happening in gold and silver right now. It began last night.
I was talking with one of our financial advisers yesterday and was queried about the near-term direction of gold and silver. I noted that the commercials had built up one of the largest short positions ever.
When they do this, it is a guarantee that prices will be subjected to a hard and fast bear raid at some point. I've personally seen this trick about a dozen times, so I am quite familiar with it. It goes like this:
- Build up an enormous short position in gold and or silver.
- Attack the price in the futures market late at night during the thinnest of trading, running all the stops and killing all the bids.
- Use thousands of contracts, if necessary.
- For some reason, this new, lower price will stick the next morning in the far deeper, more liquid, daytime markets.
Wash, rinse, repeat. They are comfortable knowing that the CFTC will never investigate this obvious and blatant price manipulation.
Last night was a textbook-perfect example, with 3,143 gold contracts unloaded in less than a minute at 12:45 a.m.
by jim-h-2 
