About the Fall of Gold and Silver Prices

The fall of gold and silver prices have left them in their lows. This is primarily due to recent actions of several companies and hedge funds. One thousand tons of gold was sold from the SPDR gold trust (ETF) in only three months. There was also a major bear raid that occurred in April, 2013. It involved about 500 tons of gold being sold from banks and hedge funds. The two main banks involved were Goldman Sachs and JP Morgan Chase. The net supply in the market is on average only 10 tons a day, and due to this massive wave of selling, it caused the fall of gold and silver prices.