22 December 2011

Gold Daily and Silver Weekly Charts

The long only funds were promoting their end of year stock results today on very light volumes. Miners and metals are such a slight holding amongst them that they are easily ignored in favor of a paper-only policy.

The market sat on the price of gold and silver all day throughout the paper rally to keep a lid on them. It could be getting easier in the short term as individual investors shun the Comex.

There is no additional commentary that is required: pure unadulterated market manipulation of the real world by the paper markets. It will have its time, and then it will fail.