Wham, bam...NO thank you!................from Rico

Like clockwork!
- This is so predictable, that I had marked my calendar for a 'raid' days ago. Actually, certain key events are 'suspect' now and I have three such notations...
'8-01 FOMC announcement; 8-02 ECB announcement; 8-03 NFP (non farm payroll) announcement' having planned for a bumpy ride this week as the market manipulating-rigging continues.

Precious metals were 'slammed' as soon as the cartel was fully caffeinated this morning.
- I guess they didn't feel like waiting for the FOMC to make their disappointing afternoon announcement as 'cover' for this raid. I mean, WHY bother? There not only are NO consequences for them (no prosecutions for market-rigging), but they are agents of the Fed* in this enterprise ("doing God's work" as has been famously said). So, everyone gets a "wham" and a "bam" but NO "thank you" as their pockets are picked.

This is also fairly 'transparent' if you watch. As naked short positions are unwound at artificially-set favorable (for them) price levels, Gold at $1600 and Silver at $27 appear to be where "God and his French cousins" are trying to hold the line.....for now, for as long as they can, until this whole corrupt scam blows up.

*See the attached excerpt from the FED: the full letter discusses manipulating Gold price in a letter to POTUS.




Click to enlarge