"How are the mighty fallen, and their weapons of war destroyed."
2 Samuel 1:27
As we might have expected, the gold that left the JPM warehouse yesterday magically reappeared, with an adjustment and then some. The record of their antics is in the report below.
The pattern held today, as gold and silver were hit in the early hours, and then kept under pressure most of the day. Gold recovered a bit more than silver into the closing hour. As you may recall August is an active delivery for gold, but not for silver. You have to wonder why this would matter, since the metals seems to be there primarily for show, but apparently it does.
Change is coming. Uncertainty is the only certainty. It may be a long time coming, but when it does appear it will be like a thief in the night.
Keep in mind that we are in a currency war, and what it is about and why it is happening, and some of the things that are happening may make more sense. What has been hidden will be revealed.
Have a pleasant evening.
