This "night bombing raid" was performed by the Banksters, who have today replaced the Luftwaffe as the bombers in the Central Bankers financial 'war' defending Keynesian paper-fiat against the dreaded enemy precious metals [read: Gold-Silver].
Ney York Time Sunday night last Gold Dec futures went down to 1535 and Silver to 26.15 in the overnight session, as a night bombing raid took them down in the LEAST liquid period of the trading day, with the lows printed about 2am NYT.
Gee, and tomorrow (today, now, 27sep11) just so happens to be option expiry on the COMEX.
The placement of massive 'sell' orders into the market when the fewest participants were active says a lot!
- Anyone looking to offload significant amounts of metal at the best possible price would have done so when both London and New York were open - ensuring they would hit the market when it was most liquid, guaranteeing the besy sale price. [read: if you're using unbacked paper metal, you're not serious about wanting to sell anything, just antsy about the looming options expiry and having to pay fiat to those who want to stand for metal delivery...a HUGE problem if you hold no metal and are running a fractional paper ponzi-scheme like GLD and SLV.]
Clearly this was NOT the motive.
CME which runs the neo-criminal enterprise called COMEX (or CRIMEX depending whether you (a) know what's going on, or (b) have been fleeced by them already) accompanied the Bankster's bombng raid by raising their margin rates yet again (again after the market was into the weekend mode), since this always has a price suppression effect.
WHY?
- Options expiry is one reason. The short-since-dinosaurs Bankers like JPM stand to lose a lot of money if they cannot manipulate the market to protect their positions.
- Banks are already in serious trouble. If you understand the obvious relationship between the LBMA physical market and the NY futures markets, you know that ant run up on the NY market affects the LBMA system...especially if you're making 'bets' on metal you don't really have, but have sold to someone.
What interest could the TBTF Banksters have in the bararous relic (Gold) and its sister (Silver)? If you look at the "market makers" of the LBMA system, it is NO coincidence that the players are: Societe Generale, Merrill Lynch, BoA, Credit Suisse, Barclays, Goldman Sachs, JPM, HSBC, Bank of Nova Scotia Scotia Moccata, and Deutsche Bank.
The dots are NOT hard to connect...unless you're a market regulator like CFTC or the dumb money (retail investors) being fleeced by a market 'rigged' by the insiders.
Wednesday, 28 September 2011
Night bombing raid............from Rico
From Theo Spark at 08:16
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