Gold Daily and Silver Weekly Charts – The Dukes of Moral Hazard
jessescrossroadscafe.blogspot.com / 11 JUNE 2015
Gold and silver were capped today as usual.
A reader told me, second hand, that an acquaintance in the CME claims that the action in the CME Hong Kong is ‘phony’ and that they ought not pay attention to it. The CME is just trying to make an appearance there, it seems.
I have to admit that it is a little funny to see these big withdrawals and deposits of almost the same size each day from the Brink’s warehouse. But as I have said, I wish to keep an eye on this for some time.
What I found even odder was that the source of this information apparently takes what the CME says about their US operations very literally. How can someone say, ‘oh yes they are crooks and frauds over there,’ and not suspect that they are not exactly the pillars of righteousness in their data reporting over here?
I will keep an eye on things and see what happens. But overall I suspect my own opinions of this are fairly clear.
Speaking of which, there was little delivery action in The Bucket Shop yesterday, and they were mostly moving stuff around in the warehouses for the most part.
What is going on in the Ukraine, Greece, and with these international treaties like TTIP and TTP is appalling. The political and professional classes in the West are just off the hook and out of control. I am wondering what will bring them back to earth, and restore some sense of proportion to their feeding frenzy of greed.
The post Gold Daily and Silver Weekly Charts – The Dukes of Moral Hazard appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/06/11/gold-daily-and-silver-weekly-charts-the-dukes-of-moral-hazard/
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