The criminal NY/DC cartel are digging themselves in deeper. I sent a short missive over the WE to Midas. In it I suggested that I gave only a small chance that the CFTC would do anything to effectively restrain the bullion banks from continuing their illegal shorting via the crimex. Rather what would happen is that the rest of the world would now start to accept what GATA has been saying for 10 years. The move to alternate markets for marketing and storage of precious metals started 4 years ago. And now....
That move will accelerate until the crimex bedcomes just another market and the price discovery for gold and silver transitions away from the casino to sellers and buyers of physical. The data GATA has compiled, the CFTC meeting with Maguire's brave discolure, the "attack" on Maguire, and now the GS/LBMA whistle blower all contribute to the discrediting of the UK's LBMA, the crimex, and the new jerk markets in general. This will hasten the day when precious metals have an honest price discovery mechanism. The days of the criminal casino paper price discovery are numbered!
Our day is comming.
