Thursday, 16 August 2018

Rock beats Paper_COMEX vs Silk Road........from Rico

Watching the usual suspects monkey-hammer the COMEX spot for Gold and Silver by dumping phenomenal amounts of unbacked paper bullion [read: naked shorts] you have to ask "who 'makes' money by losing money on this massive scale?"

- Watch the scene from the film "Trading Places" where the Duke brothers explain to Valentine (Eddie Murphy) how they make their money on the Chicago Mercantile Exchange. It's still one of THE best one-minute explanations of how the futures game is played by the 'wise guys.'


Next consider what 'dummies' they are on the Silk Road (India, Turkey, Russia, China) to be buying physical bullion when it's "on sale" like this, instead of 'notional bullion' [read: non-existent; paper] like the 40# brains in Chicago.

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