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Wednesday, 26 May 2010

Magic. Do you believe in..........from Rico

There was an "old" [read: classic] song entitled "Do You Believe In Magic?"

The COMEX (not for no reason called the CRIMEX by those in the business) had significant "call " options at $1200 spot price for gold expiring today.

Funny, but gold traded just below $1200 spot price (sometimes merely $0.50 below) ALL day.

Once these "call" options (the "puts" too, in fairness) expired as 'worthless' after market close, gold seems now "allowed" to trade above $1,200.

Whiskey-Tango-Foxtrot (WTF)?

Obvious. Blatant.
- Market manipulation, for you fiddy-two percenters a.k.a. Democrats (C).

There was an old (classic) B/W TV show once called "Car 54 Where Are You?" which could be re-done today entitled "CFTC Where Are You?"

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