It 'works' until it does not work.......................from Rico

The "wiseguys" can read a calendar like anyone else (excepting CFTC, that is) and know perfectly well that Friday 8/2 is another NFP report day (non farm payrolls), and as is standard practice for our paper pirates a 'raid' on the COMEX is de rigeur.

- They really like to stage paper raids around the NFP (the FOMC well...we all know the playbook by now...again excepting the CFTC).

So, big surprise (not)!

- Here are the COMEX spot charts for today...the day before the NFP.

But setting the bltat market manipulation aside for a moment, let's look at the view from 30,000 feet.

- When the 'plan' clearly isn't working, when the math no longr works, when the situation starts getting serious and when it's obvious that debt actually has to be repaid in the end...borrow more money, raise taxes and fees, lie and deny, and then fake the official numbers.

We all understand that the US 'official' unemployment numbers, the CPI numbers, NFP numbers, and now GDP numbers are heavily 'massaged' and faked.

- This all 'works' until it does not work...as we saw in the countries formerly known as the USSR and Yugoslavia, and more recently in Greece and Cyprus.