In just 90 minutes, $1.7 trillion disappeared from the market cap of gold and silver. Note that the number is not billions, but trillions. Such a scenario has never been seen before in history.

This is perhaps one of the most egregious examples of modern financial engineering. At first glance you may find this to be panic selling, but chart and volume analysis reveals that this game is completely rigged. In the financial world that is called paper dumping. In other words, there is no movement in the pricing of physical assets (gold, silver) in China's Shanghai Exchange, but a huge pricing gap has been created in the New York Paper Market Comex Futures. Manipulation in derivatives market is also called.

The real game is this asymmetry of paper versus physical gold or silver. You can understand that by looking at the pricing chart of the film. In the current market, an average of more than 100 ounces of paper contracts or futures are traded against every 1 ounce of physical assets. Bullion banks or large institutional players take advantage of this leverage to flood the market without physical gold. Whenever they see that liquidity in the market is low (such as in the US closing or Asian opening session), they place huge sell orders or spoofing orders.Their main goal is to get retail traders to hit stop-losses, which is called liquidity hunting. When algorithmic trading bots see that the price has dropped below a critical level, automatic sales are triggered and create a cascading effect or chain reaction.

Bankers do this manipulation mainly for two reasons. First, take profit from short positions and take cheap re-entry. Second, to artificially suppress or suppress asset prices to mask weakness in the currency or dollar. This incident proves once again that if you hold paper assets, you are actually somehow at the mercy of bankers' algorithms. By doing this, retail traders will not have the courage to trust blindly even in traditional safe haven assets.