Drive-by Market Manipulati​on Continues.................from Rico

Yet again Gold and Silver rallied throughout the Asian and London overnight sessions on strong physical buying.
- Gold rose back to $1775 where the Cartel has been 'capping' the price for three weeks.
- Silver rose to $34.44, which is 'danger close' to the Cartel's price cap of $35.

SURPRISE (well, only if you are a CFTC career employee) both metals were smacked-down on the COMEX open yet again.
- You can clearly see the artificially-induced price waterfalls in response to the massive dumping of 'spoof' paper, but again only if you are NOT a 'regulator' for the CFTC. In the finest "Chicago-way" when it comes to the CME and the CRIMEX: "you don't SEE nuttin' - you don't KNOW nuttin' - and you don't SAY nuttin' - get me? Nice pair of knees youse got there..."

This price-capping activity by the bullion Cartel has not yet been able to push the metals below $1750 and $33.50, so it's reasonable to 'expect' another major smack-down effort by the 'shorts' to shake more 'longs' loose from their positions...especially with an election just ahead.
- You can also 'expect' the prices of both metals to move up through these phoney Cartel price caps of $1775 and $35 despite the very best efforts of Blythe and her flying monkeys.

Myself, I actually think all this may be a frantic attempt to 'mask' a commercial failure on the physical side of the market that is already in progress.

Meanwhile, BNY Mellon is saying Gold will move through $1800 to $2500 by end-of-year and Silver will go to $37-40 by end 4Q.
- They are NOT the only ones saying this, btw. If you're not following Jim Sinclair (Mr. Gold) on these market shenanigans, you will be as blissfully clueless as the commodities regulators seem to be.

For now, the paper bombing raids continue and fastening the chinstraps on your Brody helmets while waiting for the end of the Cartel 'blitz' is about all that can be done.