Silver got a very stiff gutcheck from the wiseguys when it hit resistance at 29 intraday. Gold followed it down on the same bear raid. It could not have been more obvious. Someone came into a thin market and started dumping contracts.
Tomorrow is the Non-Farm payrolls report and those that follow these things know that the metals are often hit around this event. Don't ask me why, as it makes less sense than the same sort of action around delivery dates and options expiration.
Perhaps this is about perception management. Some of the economic analysts talk as those perception were everything, all that really matters, as if they were from the Fernando Lamas School of Financial Management.
"It is better to LOOK good than to feel good, and dahling, you look MARVELOUS."And so we are witnessing the Persecution and Assassination of the Middle Class as Performed by the Inmates of the US Financial System under the Direction of the Wall Street Banks.
When appearance finally meets reality the dissonance it throws out will shake the world's financial markets to their very foundations.
Mundus vult decipi, ergo decipiatur. T. Petronius
(The world wills itself to be deceived, so let it be deceived.)
