People called out these shenanigans last week when trading in silver was halted due to a “system failure”. Somehow only silver trading was affected and the silver price was shooting up to new highs at the time. This time it’s two other commodities, crude oil and palm oil.
It’s market manipulation. They can’t let the market rapidly discover how much real commodities are worth compared to the fiat currencies they drastically thinned out over the past few years. They can briefly stall price discovery with this tactic, but they can’t hold it back forever.
People called out these shenanigans last week when trading in silver was halted due to a “system failure”. Somehow only silver trading was affected and the silver price was shooting up to new highs at the time. This time it’s two other commodities, crude oil and palm oil.
It’s market manipulation. They can’t let the market rapidly discover how much real commodities are worth compared to the fiat currencies they drastically thinned out over the past few years. They can briefly stall price discovery with this tactic, but they can’t hold it back forever.