This afternoon's 'event' was the release of the last FOMC minutes. You can see clearly when both Gold and Silver were concurrently crushed by another wave of phony paper selling. - More than reality, this was a case of the Cartel "never letting a good crisis go to waste." Any other reading of the FED entrails beyond "Taper? fat bloody chance of THAT ever happening!" is ridiculous. Hilsenrath and other teleprompter readers/financial talking heads and assorted idiot savants (emphasis on the idiot, while lacking the savant) are pointing to the use of the dreaded word "taper" as the explanation for this current drive-by hit. - For those who chose NOT to get their analysis from any of the (male and female) 'money honeys' of FTV, here is a summary of what the FOMC minutes really said: "When we get to an unknown point in the future, with an unknown set of parmeters, we 'may' do an unknown amount of tapering...maybe, possibly."
Wednesday, 20 November 2013
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