Friday, 16 November 2012

Is the jig almost up?......................from Rico

Precious metals (Gold and Silver) have been monkey-hammered for three days in an extraordinarily blatant display of criminal market manipulation.

Today in seconds 25,000 Gold contracts were dumped in a single order, dropping the spot price by ~$20.
- This is 2.5 million ounces, or 77 metric tons. Some jerk in NYC was able to 'dump' the equivalent of Australia's or Indonesia's entire physical Gold holdings with the push of a button. Was this the result of a phone call from the invisible hand? Neither Benny B or Janet Yellen were available for comment.

Yesterday, 2.5 million ounces of Silver was withdrawn from Brink's and HSBC's vaults.
- I'd say a 'scramble' to cover physical demand somewhere was definitely on.

These are not 'normal' market activities/events.
- This violence smells like something is "in the wind" and the wise guys may be starting to panic as the jig gets closer to being up.

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