Bombs away..........from Rico

You'd have to be dead not to have noticed the blatant 'bombing' of the precious metals market with large numbers of paper 'sell' contracts in a thinly-traded holiday market. Nothing has 'changed' to otherwise explain the past few weeks.
- Is there a new guy at the Fed determined to 'save' the Dollar?
- Has Congress decided to stop spending more than it takes in?
- Did O'bummer retract his budget increase request for another 1.2 trillion Dollars?
- Are EUropean Banks and Governments suddenly 'liquid' overnight?

Not that I've noticed.

You'd have to be clueless to not know that the two largest perpetual 'shorts' in the precious metals market are JP Morgan and HSBC. Both firms have substantial positions in PM's that are hugely-leveraged naked shorts. Both firms observe their end-of-fiscal-years with the end of the calendar year.

You'd have to be serenely naive (or a market regulator) to think the 'timing' of the bombing raids and fiscal year-ends for JPM and HSBC were merely coincidence. Both entities have a lot of money at stake here and a big 'interest' in window-dressing their financials for annual closeout.

If the PM markets 'unexpectedly' rebound after 01 January, you'll know this paper metals game is 'rigged' eight ways to Sunday......