Some excerpts from Harvey Organ's blog tonight, in which he outlines the mechanics of a raid and the attack on miners. It is somewhat depressing to see how corrupt the markets have become. http://harveyorgan.blogspot.com/

Good evening Ladies and Gentlemen:

Gold closed the comex session down $17.20 to $1412.20. Silver responded in kind also losing $1.00 to close the day at $35.04. As you will see below, the volume was huge and that is the chief ingredient to the raid. The Dow had a miserable day down 228 points as the plunge protection team could not bid up any stocks. The market did not like the PIMCO report stating that they had eliminated USA government bonds from its flagship bond fund. All of the PIMCO bond funds will follow suit.

Before I head over to the comex, for those newcomers, let me outline how the raid is orchestrated over at the comex. First the bankers send a signal the day before that a raid is coming. You need to get all the bankers in line that the raid is on for the next trading day. Then the bankers who also represent investors tell investors to hold their bids for later in the day. They will obtain gold and silver cheaper and thus they withhold their bids.

Then the bankers offer huge number of contracts at the opening with hardly anybody bidding. This dramatically forces the price down and in turn it trips all of those stop losses which in turn fuel another downturn. The bankers do not have any signal for a retreat. They only know to keep supplying massive contracts. With 20 minutes to go, they start covering their shorts as quick as they can. Whatever they cannot cover, it increases the banks total shorts in the precious metals and he see this in the COT report. I will report on this on Saturday but the COT report is from last Tuesday to this past Tuesday. I will not pick up the major raid today.

That is the mechanics of the raid. Later in the commentary, I will talk about the mechanics of the short sales on the mining companies. As a rule when you see gold and silver rise big time and the shares of big mining companies remain stationary or fall, generally that is the signal that a raid will begin in full force the next day. Also a raid generally begins the day before the big (phony) jobs report on the first of every month.