Under cover of daylight...............from Rico

The last two days have been a clear example of Government-sponsored market manipulation under cover of broad daylight.

No one (no professional traders, anyway) believes for a moment that the Precious Metals (PM) market action of the past two days was a market price interpretation of yesterday's FOMC notes.
- Yesterday and today were exclusively the effect of the five big Bullion Banks 'teaching' the markets exactly who was the BOSS (in their opinion).

These Bullion Bankers 'own' Washington and answer to no one.
- When their 'invisible hand' pushes, it is not to make a profit, but to fill as many retail investor bodybags as possible.
-- Trading honestly in this environment is now impossible.
-- If you trade on margin, you will be toast.
-- If you have any margin, get rid of it now!

Here's the program:
- Under the 'cover' of Management Of Perception Economics (MOPE) news/events (like the FOMC minutes which were released at the same time the paper 'raid' commenced btw), the Gold Banks come out on the COMEX and offer more paper Gold and paper Silver for sale than was actually mined in the past five years.
- The pit traders try to sell ahead (front run) the Bullion Banks.
- The 'spot' futures bullion prices tank (and the Bullion Banks cover their shorts at flattened prices).
- Wash-rinse-repeat as directed by the Central Bank.

This was an orchestrated paper raid, enabled by the MSM and FTV talking heads.
- The Bullion PM markets are being 'run' before our very eyes.

But WHY?
- If not for short term 'profit' then what? Why?

I think this is an intentional 'policy effort' to try and keep a controlled lid on the PM Bullion Markets, to slow/moderate what otherwise would be an explosive rise in market price determination. As I have said before, it's NOT that the value of Gold or Silver actually ever changes, but they do truly reflect the increasingly diminished value of paper fiat currency..and if you think about it, this really-REALLY makes Washington and the FED look bad.
- We cannot allow any intrusions of 'reality' into an election year, of all things!!!!! Heaven forfend.