according to ed steer, yesterday was more of the same, just jp morgan doing its usual thing on light volume:

But most of the devastation came in the silver market where the price crashed over 70 cents in the space of just a few minutes. This, of course, happened the same time as the gold market was being hit. As is the case, volume was razor thin...but did pick up after the crucifixion forced out other margined long players.

This is so typical of a bear raid by JPMorgan. They just pull their bids and the tech funds are forced to sell their long positions into this vacuum...and the price craters. As Ted Butler explained last week, when a correction came, he just wanted you to be aware of why, how...and by whom it was done. Are they through? Who knows. But yesterday was options expiry for the January contract. January is not a big delivery month in either metal. It's noteworthy that platinum was only down a couple of bucks...and palladium was down less than that...so this was a gold and silver specific event.

It's depressing to watch this decades-old crime in progress grind on an on...especially when we all know that there is no one to help us...not the SEC, CFTC or the mining companies themselves. The SEC and CFTC are aiding and abetting this whole thing...and the mining companies are shrouded in a conspiracy of silence. Some are even complicit.

http://caseyresearch.com/displayDrp....