Message: OT: Short Commentary On Gold & Silver
The manipulation continues unabated. Maybe PM prices will turn around later this week when Yellen is confirmed in front of the senate banking committee. It seems like a mere formality with the backing of 12 out of 22 on the panel. SMF
Something's Gotta Give
Andy Hoffman
Tuesday, November 12th
Even I have never seen such maniacal attempts to suppress PM prices, including the 113th visit from the 2:15 AM algorithms in the past 125 days; and then, amidst today's ONLY news being a record drop in small business sentiment and record increase in homebuilding cancellations, this…
Meanwhile, we are seeing record Eastern hemisphere demand, record inventory declines at the COMEX, (black line below), and even record U.S. Mint silver eagle sales!
Yes, something's gotta give soon, as the PHYSICAL inventory supporting the PAPER Ponzi scheme is at the bottom of the barrel.
QE to Infinity, Debt Ceiling to Infinity, and ZIRP to Infinity are the order of the era, so act accordingly.
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