A guess: Metals were smashed yesterday to offset today’s bad inflation report

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from Silver Doctors:

Many people were wondering why gold and silver were smashed yesterday when there seemed to be no particular news unfavorable to the monetary metals…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

12:09p ET Tuesday, April 13, 2021

Dear Friend of GATA and Gold:

TRUTH LIVES on at https://sgtreport.tv/

Many people were wondering why gold and silver were smashed yesterday when there seemed to be no particular news unfavorable to the monetary metals.

So here is a guess.

Yesterday everybody who was paying attention knew that a horrible inflation report was coming today — so much so that even financial news organizations published stories about it, like this one dispatched to you:

https://gata.org/node/21071

Presumably this anticipation encompassed the trading rooms of the Federal Reserve Bank of New York, the Bank for International Settlements, and the Bank of England, the executors of gold price suppression policy.

The people executing the policy there well may have understood that to smash the monetary metals on the day of a horrible inflation report might seem just too anomalous and counterintuitive, risking the outside chance that a mainstream financial news organization might remark on the strangeness.

But a smash on the day before the horrible inflation report would not run such a risk. The monetary metals can be smashed seemingly without cause on almost any day without provoking much curiosity from mainstream financial news organizations. And when a smash just has to be noticed, almost any explanation can be contrived short of putting a critical question to central banks, the major if surreptitious participants in the metals markets.

So the metals could be safely smashed yesterday to nullify in advance the gains they would make on the horrible inflation report today. Today’s headlines, like this one from Bloomberg News —

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