Jim’s Mailbox

Posted at 8:35 PM (CST) by & filed under Jim's Mailbox.

Dear Jim,

Oil was ‘banged at the close’ today. Gold and Silver were paper-raided in the access market after COMEX close.

Between low/no volume, the action has the fingerprints all over it of ‘spoof’ trading in an attempt to cap the rise of hard commodities and apply field dressings to the wounded US Dollar. Of course the ‘invisible hand’ had nothing to do with it, and the regulators don’t see anything amiss (the ‘new normal’ being rigged and manipulated markets with the sanction of Central Planners).

So, there is no ‘mystery’… this is the smell of fear. Fear of losing control of the Ponzi scheme.

CIGA Richard