"Bubbles" yellen gave her Humphrey-Hawkins testimony to Congress today (7-15).
With Yellanke of the FED explaining that there are some 'bubbles' in equities but the economy is doing "OK"....what BETTER time for "someone" to DUMP $2.3 billion in notional Gold futures (17,000 contracts)?
Of course, this resulting monkey-hammering of Gold's (and Silver's) anti-status quo spot price oddly coincided with an even odder v-shaped recovery in the equities markets.
This not-coincidentally follows the Cartel's $1.3 billion paper Gold DUMP on the COMEX yesterday (7-14) which did suppress the spot prices of Gold and Silver, but failed to accomplish driving Gold's price below $1300. That is why the massive naked-short paper raid again today.
Just another "new normal" day in managed price discovery. Move along now, there's nothing to see here......
Tuesday, 15 July 2014
"Bubbles" Yellen speaks to Congress...................from Rico
From Theo Spark at 22:30
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