GOLD & SILVER SMASHED BY CARTEL

SilverDoctors, Published on May 3, 2017

The gold cartel smashes gold and silver lower again. Trump says he would be open to meeting with North Korean dictator Kim Jong-un. Obamacare repeal may finally pass the House. Trump talks with Putin.

The relentless smash of gold and silver prices continued Wednesday.
Gold was down another $10 to $1245, finally breaking below significant support at $1250. Silver prices are down another 30 cents to $16.55, now a full $2 below recent highs near $18.60.
The all time record open interest in silver and massive commercial short positions in the COT report was indicating a cartel slam was coming, and come it has.  Adding to the downside fuel is the Fed. The Fed is apparently preparing to unleash another rate hike in June, regardless of economic conditions. The metals have stabilized in the wake of the FOMC statement’s 2pm Eastern Time release, and we are looking for a bottom in both metals over the next 48 hours as an excellent entry point opportunity.

Read more ... source: The Bitcoin Channel

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