Tuesday 12 December 2017

Paper beating Rock. Again.................from Rico

More "gaming the markets" again today.
- Just another 'reminder' that if you don't hold it, you don't own it.
No, it's NOT because it's "the Virgin of Guadalupe Day" or "Hanukkah"....or even Bitcoin.
- It's none of those.
It IS Day One of the monthly two-day FOMC financial Kabuki play put on by the felons at the FED.
- And, of course, it's 'time' for the usual suspects to knee-cap precious metals by dumping yuge amounts of unbacked paper [read: naked shorts] on the CRIMEX....er, COMEX to drive the physical spot price where they want it to go.
Oh, yeah, it has nothing to do with 'options expiry' Friday either.
- Run along now and invest in Bitcoin so the Norks* can have something to 'hack' when not launching rockets.
*North Korea (DPRK) has a state-sponsored hacking effort against Bitcoin as I type this. They aren't the only ones...

1 comment:

Mark Matis said...

The Norks may or may not be hacking Bitcoin. You can bet that the NSA and CIA both are doing so, using the toys exposed by the hero Eric Snowden that can make an attack look like it came from WHOEVER they want.

May every one of them soon burn in hell where they belong. But never fear, Congress will reauthorize their treason regardless!