Skulduggery Garick... if you and Pic don't mind my opinion. Of course its hardly news. As per so many times for so long, the boys have been shorting and naked shorting both the physical and the shares (via their paid sycophants).
Today was nothing new...except for the fact that the longs did not get spooked out of the bullion as gold made a comeback and as Norcini says, the evidence is now mounting convincingly that the cartel are in trouble with their extremely concentrated shorts as deliveries become onerous. He is not alone of course as GATA, Sinclair, Murphy, Embry, Butler, Douglas, Stewart Thompson and a growing cast of hundreds are now convinced the end is in sight for the bad guys. They simply do not have enough of the real thing to continue their western, fraudulent, manipulative ways.
As for SFMI, it is sooo easy to criminally short such JPMs from the shadows...and that is just what is being done... for now. I sure hope none close to SFMI are involved in other games...or the new investor...but that is probably wishful thinking. As for the Cartel, they simply can't do it to the bullion any longer. Of course there is the usual cast of little hedgies and pumper/dumpers, especially from NY, who think that they have the sucker game in the bag like they have done for so many years. Their days are now numbered but you can see them actively chirping on all the BBs, save for this one.
It will be interesting to see how much longer the big boys can paint the tape and try to convince the markets from a techie perspective. Watch the HUI. Stewart Thompson, who has been an excellent adviser, is now speaking in terms of the bad boys being ripped a new bottom end. That is quite startling in the way he has come forth the last few days..remarkable.
As for SFMI, it has the goods and that cannot be denied for too much longer... no matter what the games being played are.
We hold, surmise and remain expectant.
