The daily and blatant hits on gold/silver have become so common place lately that even amateur bloggers are speaking freely of the manipulation. The low volumes certainly enhance the compression.

Regards - VHF

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Morning's With Blythe

December 23, 2010

Well, nothing that has taken place this morning should come as a surprise to regular visitors. As mentioned yesterday, Blythe did indeed attack early this morning, early enough that she could "call it a day" before 9:00 am and head out for some last-minute shopping. If you think I'm joking, consider that, as I type, crude oil is up 0.02, the grains were unchanged overnight, the dollar and the stock market are flat yet gold is down $12.70 and silver is down 0.32. Its so utterly predictable that I must admit I find myself chuckling at the absurdity of it all. Here's what it looks like, in visual form:

All I can say is "whatever". There's almost a kind of arbitrage that will now take place as we go through the morning. Since the EE has artificially depressed price, you'll most likely see prices drift higher going forward. If I had to guess, we'll probably finish at about $1380 and $29.25.