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Tuesday 21 January 2014

Wham, bam, but no "thank you"...........................from Rico

On NO news, for NO apparent reason, and with NO concern for getting the best price, the precious metals have suddenly and out of the blue "sold off" with Gold down over 1.3% (its sharpest drop in a month) and Silver down over 2.8% (its sharpest drop in five weeks).

Nothing is happening with bonds, stocks are fairly inert, and the Dollar seems unchanged.

Makes you 'wonder' who is DUMPING all that paper with no other concern than driving the prices down and running the stops to wipe-out the bid stack.

- The BIS or FED at the behest of the Gnomes of Zurich perhaps?

Of course with JPM and now DB having jumped the metals ship, who is left on deck to "rig" the prices these days.....


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