Yesterday's COMEX "nooner"

I doubt many needed a 'reminder' that today is COMEX options expiry for Gold and Silver, but yesterday's "nooner" was just that...a reminder of who has the privilege and the power to 'set' paper spot prices.

- For now, anyway.

The very obvious defense of Gold at $1,400 and the blatant price capping is anything but honest or transparent, and has nothing to do with supply and demand, or price discovery.

- It is all about who has insider information, and the brute force of massive amounts of unbacked paper to artificially 'move' the markets. After all, there are a lot of 'calls' that are subject to expiration this week, and their distribution by 'strike' price is of great relevance to the criminals.

There is far too much money involved to let honest men or 'free markets' have any say in the matter.