The government is finally reporting higher inflation (1.1% in one month!), still understated of course, and how does the market react?
Gold and silver were in rocket launch mode right after the announcement, but of course the PPT was ready with plenty of repos from the Fed. The primary brokers came in and pounded the PMs with everything they had today. They blasted gold to hell, and silver followed. The most blatant manipulation I have ever seen. Simply amazing.
And they have the nerve to enforce the rules for naked shorts of the financials, but not the rest of the stocks. Equally amazing.
This system is so rigged and dishonest, I can't imagine it lasting much longer. 95 years of Fed control is truly no banker left behind.
Very depressing couple of days. As a key senior producer, Gold Corp should be well over $100 per share at this point!