The horse's head in the bed................from Rico

Yesterday's price action in Gold and Silver had more to do with Chicago (COMEX*) than Greece.
- It's merely a 'coincidence' that today 5/24 is the COMEX June expiry.
- And since the regulators don't 'see' any price suppression of Gold and Silver via naked paper shorts, it's not happening. (Ignore the big "V" in both charts attached.)

Nawwwwww!!

The Chicago Way is this: You don't see nuthin'; you don't know nuthin'; you didn't hear nuthin'; you don't remember nuthin'....get me?
- Nice pair of knees 'ya got there. Be a shame if anything happened to 'em!

Oh, btw, John Corzine and Jamie Dimon say "hi."

*I tend to believe folks like Kyle Bass who have said the COMEX is a fractional reserve scheme [I say Ponzi] with about $80 million in paper claims against $2 million physical deliverable..and Kyle just took delivery of $1 million of their physical.
- In this context, a default will be EPIC and any 'owners' of GLD or SLV will be completely out of luck! (Think MF Global...the dry run for the big collapse).