Gold Daily and Silver Weekly Charts - Dona Nobis Pacem

"Any investor or analyst of any world commodity must be able to account for and rationalize a 9% price move in less than two trading days; otherwise he or she couldn’t possibly understand the dynamics of that commodity. Yet I received virtually no requests to explain the price drop.

The facts are clear – the price of silver did decline by nearly 9% and there were no actual supply/demand developments to explain the decline. Therefore, something else had to account for the sudden silver price decline and judging by the lack of readers questioning why, the actual cause of the decline must have been fairly widely known.

Of course, the only possible explanation for what would normally be a massive price drop in any world commodity is trading activity on the COMEX. While this is nothing new to subscribers, my sense is that COMEX price rigging has reached such an incredibly dominant influence over the price of silver (and other commodities, like gold and copper) that it is more widely understood than ever before.

I believe it has gotten to the point where it is impossible to even attempt to offer an alternative plausible explanation for large price moves in silver and other metals apart from COMEX trading without looking like a fool. I also believe that the growing and widespread recognition that prices are set on the COMEX greatly undermines the life expectancy of continued future price manipulation."

Ted Butler, Butler Research

And in this analysis of the market, Ted is absolutely right, giving a nod to some cross currency actions.

 

The Anglo-American banking cartel is effectively setting the key prices for the world, in a sometimes arbitrary, almost capricious manner, according the intent of its policies and the private profits of its Banks. 

 

And woe to the country that fails to use the United States Dollar for whatever they may choose to buy or sell under the two great empires, of the sea and of the earth.   For those with eyes and ears open, let them see and hear.

 

But empires rise, and rage for their time upon the stage, and fall. 

 

The glory that was Greece, and the grandeur that was Rome.

"And for all this, nature is never spent;

There lives the dearest freshness deep down things;

And though the last lights off the black West went

Oh, morning, at the brown brink eastward, springs —

Because the Holy Ghost over the bent

World broods with warm breast and with ah! bright wings."

Gerard Manley Hopkins

Ubi sunt?   Where are they now?

 

Have a pleasant evening.