Harvey is too polite. Shenanigans isn't the right word - criminal acts by the Obama administration, CFTC and JP Morgan is the correct term. I wonder if we will ever see a witch hunt like the Rupert Murdoch phone hacking scandal over the G&S / pm suppression? Probably not as they are doing God's work.
From Harvey @ http://harveyorgan.blogspot.com/
Shenanigans with a Capital S
Good evening Ladies and Gentlemen:
On Saturday morning, when I looked at the COT report I knew that a raid was coming soon.
When I saw the OI in gold rise big time today, there was no question that a raid was forthcoming within the next 24 hours. The clowns did not disappoint me.
Gold finished the comex session at $1600.90 down $1.20 from yesterday. The price of silver finished the session at $40.21 down 12 cents. The bankers were having great difficulty knocking the precious metals down during the comex time zone. So they resorted to whacking the prices down in the access market which is very thin and all done electronically. The bankers can use flash trading and manipulate prices at will. I am sorry to say our regulators are in bed with the bankers. However fear not, your real physical metal will outlast all of their paper games.
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Fasten your seatbelt as tomorrow will be a real roller-coaster of a day for gold and silver.
My suggestion: take an aspirin and go to bed early and do not look at the TV until tomorrow night.