Just as 'expected' the Mothers of Intervention (with apologies to Frank Zappa) hammered the metals immediately upon the opening of the access market Sunday night. They did not disappoint me and have paper-induced artificially lower spot prices yet again.
- Gold has just waterfall dropped to 1714.50 from Friday's close of 1724 as of this chart.
- Silver has just waterfall dropped to 31.71 from Friday's close of 32.13 as of this chart.
We'll 'see' if today is truly as fugly as I think it will be before very much longer, but I rather think we'll have to suffer this horribly bad Kabuki theater a bit longer before the wise guys decide to make even bigger money by reversing the trade.
- Of course THEY'LL know when that will be, but most others won't until it's far too late to catch the runaway train if (as is hoped) the Cartel can shake the Muppets loose from their positions beforehand.
For now, the apocryphal words uttered in 1775 just before the Battle of Breed's Hill seem to apply:
- Don't fire until you see the whites of their eyes!
Gee, you'd "think" somebody had a vested interest in how the upcoming election turns out!
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