Free markets don't act this way......................from Rico

Free markets with actual price discovery don't act this way, but "rigged" markets sure do.

Central bankers desperate to get out of crushing debt via inflation [for example, Japan's debt-to-GDP is +200%; Europe and the US aren't all that much better off] DO act this way.

The bullion banks (JP Morgan, HSBC, Scotia Moccatta, Barclay's, UBS, and Deutsche Bank) working in concert with, and acting as agents for the Federal Reserve have been stepping on bullion prices (both Gold and Silver) to protect the US Dollar from exploding dollar-denominated debt.

For the last five years, when Asian physical delivery markets are open bullion has been positive, and when the London-US paper delivery markets are open bullion has been negative. This is the hallmark of bullion suppression and financial repression.

- For "progressives" read: there are no "free markets" any longer. But be very careful what you wish for, when this scam craters there will be maximum pain.

- For the rest of us read: there is no financial freedom any longer. The beatings will continue until morale improves, or until there is no more physical available in the West.