Not what it seems...........................from Rico

We live in times when things are not as they 'seem' but are often something else entirely, something unseen.

Paper Gold and Silver 'dumped' at the 'open' of China, and some are confusing the effect with the cause, and the story is 'liquidity freeze' like Lehman in the Fall of 2008...only this time it's the PBOC's fault that Gold fell +3% and Silver fell +5%.

BUT this actually was a 'paper bear raid' using the figleaf of China as a 'cover for action' and for completely different reasons than you will hear from the money honeys of FTV today:

- This was a "price operation" to once again 'save the system'...the fraudulent paper system. As the paper price drops, it free's up bullion from GLD and SLV, which matters a whole LOT to COMEX and JPM who are scraping the floors of their warehouses as they scramble to make delivery of bullion they do not have.

You DO know who the custodian of that paper ETF called GLD is, right? The one with 100:1 fractional leverage of bullion to paper sold?

- Yeah....it's JPM. SURPRISE!