Monday nite was almost an exact repeat of Sunday nite, both days giving us our daily dose of market manipulation in the pre-open access market.
- I mean specifically that there was a huge 'sell' into rising markets once again. Two days in a row, courtesy of the BIS ths time.
Gold (and Silver) went vertical anyway, in a clear 'flight to safety' move vis Syria et al.
Take this in the context that 15 Central Banks added Gold to their reserves in July. I expect the same will be proven true for August once the numbers are released.
- Why? Because Gold and Silver are the mirror images of fiat currency, and they know that better than anyone.
But the point of all this is the very OBVIOUS capping of the precious metals today.
- I expect the Cartel lost some money on today's COMEX expiry spreads, is quite unhappy, and WILL conduct a paper 'raid' in the next 24-48 hours. We still have a few delivery days left in August and the game is not yet over, even if close to the end.
Wednesday, 28 August 2013
Deja vu, all over again.......................from Rico
From Theo Spark at 10:39
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