Wednesday, May 27, 2015

Gold Daily and Silver Weekly Charts - How Unusual: Precious Metals Hit on Option Expiration

"June is a big, active month for gold on the Comex.

And today was the option expiration for the precious metal June contracts.

Le voilà, comme prévu.

What else might we have expected?  Honesty?  Price discovery?  A market clearing price between users and suppliers?  

These are markets that have been willfully overwhelmed and misdirected by speculation.  There are no fundamentals in The Bucket Shop, just what is essentially full time market rigging, with little to no product changing hands between long term investors and suppliers.

And similarly, like healthy nourishment in a snack cake, so there is still little to no recovery in The Recovery™.  

When the reckoning for this protracted folly and organized plunder finally comes, they will all be so amazed.
 
It is so very modern to think that things are just as we say they are, because we say so.  And nowhere is this psychosis more apparent than in modern economics and money.  
 
 It is the ultimate tyranny of selfishness and egoism, and will last as long as the masters can keep extending their power and their will, crushing all dissent and all others in their path,
 
And then comes the downfall, the sickening plunge, and the moment of terrible lucidity when the music stops.  And the illusion dies.

Have a pleasant evening.


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