“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public..." Adam Smith
Today's intraday commentary on the silver bear raid is here, Silver Bear Raid and the Infamous Dr. Evil Strategy.
Absent news it looked like a very heavy handed effort to game the markets. But lets wait to see if the CFTC can shed any light on it (uh huh).
The Fed doesn't like it when commodities start rising in response to their financial engineering and 'money printing.' It makes them look bad.
Eric Sprott: The Government Lied... There is No More Silver.
