Pay NO attention to.....................from Rico

To rephrase "pay no attention to the man behind the curtain" let's just say "pay NO attention to the paper bullion market"...it has now become meaningless and irrelevant.

- Just TRY and buy physical bullion without a 'premium' to these phoney paper prices.

Many who follow commodities are already aware of yesterday's May Day Smackdown of bullion which began yesterday morning at promptly 8am ET, and may assume it is the Cartel 'celebrating' its May 1st 2011 smackdown of bullion, or maybe just a decision to front-run their traditional 'FOMC day two' afternoon raid for a change-of-pace.

- Maybe both, but this is actually 'day three' of an 8am smash in the metals. Three consecutive days. Quite a 'coincidence' eh? But, what is it really? Abject FEAR.

Paper bullion can go to $1 now, and the reaction in a blistering physical market seems to be: SFW?

- The COMEX and LBMA have revealed themselves as a scam where the paper wealthy are stealing from the paper wealthy, while the truly smart money is acquiring physical 'hand-over-fist' at these artificial "fire sale" prices.

It will be interesting to 'see' what happens when the Chinese market reopens after its three day hiatus...