$4 Trillion Gambling/Casino Everyday

Forex transactions are $4 Trillion per day. HSBC has given a target of $34/ounce for Silver whereas all the reports say Silver $60/ounce or more by December 2012.

I have been observing gold & silver trading for past 2 years and I confirm that giant sellers & their cartels (giant banks) desperately try to crash silver and gold price so that they are not kicked out of business.

They say the price of gold and silver is fixed in advance by illegal cartels every year and trading goes on in this range. Example: Silver $28 to $34/ounce for year 2012.

There is no logic behind gold & silver trading and stock markets trading. It is just blind buying and selling. In other words it is 100% gambling/casino.

If this $4 Trillion every day trading (gambling) goes on without any logic that world economy will come to an end soon.

8 months back, reputed economists Marc Faber said there will be world war 3 within 5 years and now he appears less in media.

Read all: http://dangerousmother.com

It's not surprising. 90% of the retail traders are currently long on Gold.

If the Gold Price would fall, lets say to 1400, they cash-in HUGE, billions of dollars, because most retailers are then kicked out of their positions and lose money. That, in turn, can cause another downward spiral so that we could end up at 1000$ or even lower. It will be interesting to see how the gold price will develop