Friday 26 August 2011

Corruption on parade.............from Rico

Blatant, smug, arrogant...and painfully obvious corruption has been on open display the past few days.

I do not know which is worse.
- Watching the "game" of the "shorts" trying to extract themselves from their dangerous positions by manifestly criminal market manipulation, or
- being entertained by our regulators feigning sleep and ignorance...neither is the case. They know eaxactly what is going on, but they have been bought-and-paid-for. A hallmark of the Chicao-school of corruption.

COMEX (which I call CRIMEX).
1. In the past two days 'moved' about 2500 tons of paper gold contracts. Naked 'shorts' in my estimation.
2. The total WORLD production of gold is 23-2400 tons per year, so in two days on the COMEX the entire world's production was papered...and COMEX is NOT the largest bourse on the planet, that distinction belongs to London's LBMA.
- It was worse with silver, which is a thinner market.
3. It isn't rocket science to conclude the COMEX is a very crooked casino. Don't play there!

It will be interesting to watch the reaction of the equities markets when they discover, via the pending Jackson Hole FED speach, that Benyamin is not going to be playing Easter Bunny (beyond his 2-yr ZIRP policy, which is in effect his QE-3 without Congressional intercession).
- This may have been a "taste" of what the insiders know is coming. There already has been serious insider liquidating of positions which smells of it.

Something is rotten....but it ain't in Denmark!!!!!!!!!!!!!!!!!!!

WFD! (we're freaking doomed)



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