Trader Dan had some interesting comments about COMEX data. I think the short covering was missing 2,3 weeks ago as price was moving. All metals investors mistrust all government numbers on inflation, employment, M3. Why do we trust spot? Should we? Forget commercial shorts. Why not just make up the prices like they make up inflation numbers? See comments of Bart Chilton today. "There have been fraudulent efforts to persuade and deviously control that price," Chilton said in prepared remarks before a Commodity Futures Trading Commission meeting. I am just asking.
Look for the bullion banks to bring a HUGE battle to the $40 level.(maybe even starting at 39+)If They weild their manipulation powers convincingly,things could get out of hand for Us quickly ! downside target 35-34 (it helps to see both sides of the equation...)
Look for the bullion banks to bring a HUGE battle to the $40 level. If we clear that convincingly, things could get out of hand for them quickly!
ReplyDeleteTrader Dan had some interesting comments about COMEX data. I think the short covering was missing 2,3 weeks ago as price was moving. All metals investors mistrust all government numbers on inflation, employment, M3. Why do we trust spot? Should we? Forget commercial shorts. Why not just make up the prices like they make up inflation numbers? See comments of Bart Chilton today. "There have been fraudulent efforts to persuade and deviously control that price," Chilton said in prepared remarks before a Commodity Futures Trading Commission meeting. I am just asking.
ReplyDeleteLook for the bullion banks to bring a HUGE battle to the $40 level.(maybe even starting at 39+)If They weild their manipulation powers convincingly,things could get out of hand for Us quickly !
ReplyDeletedownside target 35-34
(it helps to see both sides of the equation...)