On 'no news' and for 'no reason' (except that 'someone' obviously decided to do it) starting about 419ET and 645ET (ad continuing) on unusually heavy volumes both Gold and Silver spot prices were brutally paper-smashed in a typical "bear squeeze" orchestrated by the Cartel to induce some artificial algo-driven 'stop selling.' Of course it has NOTHING to do with Ben's last FOMC meeting next Tuesday and Wednesday. Despite the Banks having been found guilty, convicted, and heavily fined for their manipulation of almost every market (from FX to interest rates to energy), the FTV and dumb retail investors (muppets) continue to play in the markets like they were actually fair markets...ignoring the obvious spikes, waterfalls, ramps, blips, front-running, and odd behavior...which makes it seem like everything is 'rigged' and there is no integrity left anywhere in the market system. And here at the COMEX, conspiracy theory looks like conspiracy fact as the system that was supposed to benefit the many now actually enriches a very few. - Precious Metals continue their 'rigged' pattern of wash-rinse-repeat.
Thursday, 12 December 2013
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