"I am amazed at how blatant a price manipulation algo is in gold futures this morning. Really affecting prices."
Eric Hunsader, Nanex
Surprised? Not so much. They do it almost every day.
Speaking of another day, there is another fine for JPM of $1.86 billion for rigging the swaps market.
I think those fines are also tax deductible. Sweet.
Let's file this one under 'moral hazard' and 'global financial crimes syndicate.'
There was very little activity in the delivery report from The Bucket Shop.
The slow bleed of bullion out of the warehouses of the West continues.
Sales of silver coins from the Perth Mint have hit a record.
Non-Farm Payrolls tomorrow.
Have a pleasant evening.