Chinese New Year (CNY). - The entire place just stops. I guess this extends to massive bullion buying activity, too. "No red envelopes for YOU" says the Seinfeld-esque Chinese bullion Nazi. Considerate blokes (and blokettes) that they undoubtedly ARE, the Cartel has taken this week to celebrate CNY by instantly slamming-down Gold and Silver by 1% every. day. this. week. Or maybe it's just a 'coincidence' and/or 'normal' market price-discovery? - Neither the CFTC nor the SEC could be reached for comment. They are apparently dining out at a 'dim sum' restaurant somewhere while the Cartel makes 'chop suey' out of the spot market.
1 hour ago