If you have seen the Kevn Spacey movie named ‘Margin Call‘ then you have a fair idea what went on by the insiders (ie Bullion Banks) to the price of gold during April 2013. Here we look at the April and June 2013 gold smack down.
First some reference material.
The Chinese Shibor Rate shock sent Chinese banks looking for cash, they had to sell a their most liquid assets. Gold was an immediate first choice. Second, Nick Barisheff talks about gold in general and the selling of gold during April 2013.