What a day! Man, oh, man! Seems we are having an amazing bear “market erectus” that has convinced, or is trying to convince “middle-class-man” it is permanent, natural and healthy. If it lasts more than four hours there is no need to call your broker however. The pain will only come when it’s suddenly over…pardon the pun.

Are the masses really sucked in by all these orchestrated vibrations and series of never ending climaxes? Is the ultimate orgasm going to blow our minds? After today’s little hands on orgy, we are left to believe that “genus medius” will soon be in heaven rather than a prohibitively expensive brothel…for which the bill has yet to arrive and the underlying diseases all were warned of have been contrived by conspirititsts.

All manipulation levers were yanked yet again to pump the markets and cap gold/silver leaving us gold bugs to wonder if Sinclair and Armstrong will still be on track with their prognostications and not on a dry run. That’s exactly the purpose, though, isn’t it? On the other hand it appears the thugs threw all they had at the PMs and had little success at the end of the day…especially considering what they must have thrown at the DOW and Nasty. As Bill Murphy laments, gold and silver correct at times when they are out of sync with the way free markets should trade, counter intuitively with commodities and oil up, the dollar down and the ten years hitting 3.72% (that otta have some effect on all those mortgages that need refinancing, and those papered at lower rates that can take 30 to 90 days in the pipeline. Think Redux.) Well, Richard Russell thinks gold is ready to go parabolic as it has been in corrective mode for months and holds a lot of stored up energy. I like that.

And what of ECU? Will the never ending supply ever dry up? Millions and millions for months, and yet more millions showing up to slow all demand. Now, that’s what you call a free trading stock! At least we’re not alone. Let’s view it as stored up energy ready to be released.

MIDAS Gems:

MEXICO CITY, May 29 (Reuters) - Mexican copper output fell to 20,371 tonnes in March, down 27.6 percent from the same month a year earlier, the government said on Friday.

Silver production dropped to 99,214 kg in March, down 54.7 percent compared with a year ago, the National Statistics Institute said.

This says it all: