Happy New (Governmen​t) Fiscal Year......................from Rico

Well, Happy New (Government) Fiscal Year!

- Yes, it's 01 October, the beginning of another US Government Fiscal Year.

Or, is this just another Central Bank death rattle?

- It seems counterintuitive, but the past few years have seen precious metals prices 'monkey hammered' at times they should be going up. Bad news for the economy should be good news for the metals, but like everything else in this massively manipulated environment the exact opposite seems to be played out.

Governments and Central Banks produce nothing.

- They exist solely by sucking the financial lifeblood from their subjects....er, citizens.

Today's spot price action in Gold and Silver is just one more indicator that it is ALL about staving-off the death of the dollar (well, the FRN - the Federal Reserve Note since dollars no longer exist as they were known)...and anyone who gets in the way is merely 'collateral damage' as far as the wise guys are concerned.

- Only the stooges at the CFTC could look at this morning's charts and conclude this was normal, healthy, un-manipulated, market activity and price discovery...the rest of us that are NOT on the payroll can see what it is at one glance. It's a rigged game.