Silver Gold Sell Off as Central Banks Stack in Colossal Size

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BONUS VIDEO - Longtime London Gold Trader: Precious Metals Markets are Paper Derivative Shams: https://youtu.be/uQulNNuwMz4
The fiat #FederalReserve raised rates as expected in the middle of while at a smaller clip, hiking them 25 basis points or 1/4 of one percent this week.

Chairman Jerome Powell expects two more 25 basis point rate hikes, citing his typical data-dependent opt-out clause.

The spot #GoldPrice and #ralliedSilverPrice rallied on the news.

But of course, in a highly leveraged derivative gold price discovery market, staying grounded and aware of risks is often a difficult but required task to maintain one well being and emotional sanity.

If you have been following our channel, you might recall on July 4th, 2022, a longtime City of London gold and precious metals trader publicly admitted to the world that the day-to-day gold spot price we have been living under since the early 1980s is an utter sham.

A canard, something to not be fooled by.

I will link to that important past video reading Peter Hambro's exact words on decades-running phony gold price discovery, ending in a new set of rules.

Longtime London Gold Trader: Precious Metals Markets are Paper Derivative Shams - https://youtu.be/uQulNNuwMz4

I will link that important admission in the comments and show notes.

That will be all for this week's SD Bullion Market Update.

As always, to you out there.

Take great care of yourselves and those you love.