COMEX transformed into CRIMEX.................from Rico

Here is some more "fundamental transformation" for us.

- The COMEX has been fundamentally transformed into the CRIMEX. If it wasn't for the manipulation, it now appears that there is little-to-no legitimate trading volume remaining in the COMEX metals.


The "wise guys" tried to hit Gold and Silver twice yesterday, but world events frustrated their efforts to suppress physical prices with a blizzard of naked paper.

- The Cartel does not like to be frustrated, so it is no surprise that today they seem to be playing the usual games and are smacking Gold and Silver with some gusto.


Why manipulate the Precious Metals?

- To forestall the systemic crash that many now see ahead. Buying time. Stalling. Keeping the failing status quo alive, albeit on financial life support.


What is the goal of PM manipulation?

- To keep the great unwashed from valueing Gold and Silver over fiat paper Dollars backed only by "the full faith and credit" of the US Government.

- At some finite point, the "credit" spigot will be turned off and Uncle Sam's credit card will be shredded right before his eyes. The math clearly tells us that the USG cannot keep all the promises it has already made, and when it no longer can keep them it will NOT keep them.

- Common sense tells most of us that the Government now lies about everything (from the BLS to Benghazi) making 'official' data or statements worthless and irrelevant. Anyone trusting in their "full faith" is a moron.