Strategic buying of S&P futures is managing stock market decline
By GCRU Gold News on Friday, February 12 2016, 06:18 - Permalink
For six years a critical mass of investors poured into stocks as the primary hedge against wanton central bank credit creation and currency debasement. Now gold has become the hedge. Because the gold market is exponentially smaller than the globally equity market, its movements can be dramatic.
Stocks plunged on Thursday while gold soared 5.5 percent (at its high). Someone again surfaced to save stocks.
Someone is managing the U.S. and global stock decline by strategically pouring into S&P 500 March futures during European trading. This type of intervention is characteristic of central bank currency intervention.
We opined a few months ago that gold would reveal when central bankers lost control of the game. This dynamic is becoming increasing clear to the people of Planet Earth. ...