Assuming a state of "adiosis"................from Rico

The COMEX is rapidly assuming a state of "adiosis".....no need for a fork, it's already done.

 

As I mentioned the other day (was it Monday?) today, Wednesday 8-26, is "options expiry" for precious metals on the COMEX.

 

Yesterday, in a now 'classic' market operation to suppress price, a butt-load of contracts were 'dumped' early in trading when liquidity was thin.

- Both Gold and Silver were clipped. Look at where Gold 'was' near $1155 and where it 'went' near $1140.

 

Today, yes 'early' again, we see Gold near $1130 and Silver being soundly thrashed as well.

- "Someone" stands to make a LOT of money if they close their options "in the money" (or conversely lose a lot of money if they do not). But since "someone" has HFT trading and algo's, they also have no worries.

 

This is pure 'manipulation' of a market.

 

Any questions?

- No Bueller, the COMEX is NOT an honest market any more.

 

Increasingly retail customers (lovingly called Muppets by the Masters of the Paper Universe) are walking away and leaving the professional 'traders' to play with themselves.

- After having been fleeced, and only gaining scars, the Muppets are not coming back. Not to the CRIMEX 'paper' chase anyway. 

 

Much like China, India, and Russia they are increasingly going "physical" in lieu of paper.