Good Morning Gold.............................from Rico

While Shanghai and Singapore are setting price benchmarks by trading (buying, selling, and delivering) PHYSICAL Gold and establishing "price discovery" the old-fashioned way, the centuries-old London Gold 'fixing' is becoming irrelevant, and the paper action on the CRIMEX...er, COMEX is an obvious bad joke.

- The heavy-handed "good morning" bitch-slap to Gold at the COMEX open the morning of the two-day monthly FOMC meeting is a case in point.

Must. not. disappoint (embarass). the. FED. Chairwoman.

- Never mind that the Argentinians, Ukrainians, or Venezuelans would all prefer physical Gold to their increasingly worthless paper fiat currencies.

- And never mind that most Central Banks hold physical Gold, and some are greatly increasing those holdings (China, Russia).

Does this 'suggest' anything to you, benighted fiat paper holder?

What an appropriate way to celebrate the FED's most historic accomplishment.

- In a mere six years they have destroyed America's middle class while creating a new market for million-dollar parking spaces in NYC! Huzzah!!!

How long before the TBTF banksters 'securitize' those parking spaces and offload them to suckers...er, Calpers and other pension funds, I wonder?