Yesterday's COMEX spot charts for Gold and Silver made it pretty obvious that 'someone' was blatantly sitting on the price, as is usual.
- This is not price 'discovery', but rather price 'managing.'
Not that it has anything to do with JPM sitting on a massive hoard of Silver bullion, why they would have no interest in (a) reducing their 'short' positions or (b) using the artificially suppressed price to accumulate physical bullion.
- Oh no, please say it ain't so.
And Rick Santelli appears to have been right (again when he observes that [it's not the economy] - "the central planners are in control.
- To which I add. Mom & Pop, and all the muppets get to "sit on it" courtesy of Wall Street and Washington, DC.
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