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Message: OT ~ What more can one say?

Good commentary.

What more can one say?

Andy Hoffman
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Thursday, December 12th

What more can one say? Clearly, the Chinese announcement last week that it no longer intends to accumulate foreign currency reserves was a death knell for "tapering"; and shortly, PM price suppression. Today's attack - amidst utterly ZERO news other than much higher than expected jobless claims - was clearly motivated to quash this week's budding PM momentum. However, with physical supplies rapidly dwindling (what will COMEX registered inventories look like after the 12/31 delivery period ends?) and surging global demand (23% Indian premiums!), it's only a matter of time before reality overcomes manipulation.

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