“I have come to realize that the vast majority of decent, wonderful people have no idea how they are being hoodwinked, day in and day out, by the scum of this world. We are lied to, misled, bamboozled, suckered, cheated, misrepresented, conned, manipulated and royally screwed!
They take us to the cleaners day in and day out in every way possible. We, the people, pay the price of their cheating, their folly, their lying and their sheer stupidity.”
Pierre Rinfret
“How could I have done this? I was making a lot of money. I didn’t need the money. Am I a flawed character?’
Bernie Madoff
Silver was under pressure most of the day, while gold was able to gain a bit of ground after yesterday’s rally.
China is back from holiday for its ‘National Week.’ The markets that count for gold bullion are open again.
Nothing of particular consequence happened on the Comex in the markets or their warehouses for precious metals yesterday.
The associated trades with silver such as miners and royalty plays continue to get hammered. That they gained so sharply yesterday seems to suggest that the much remarked short interest in some of those plays really is that significant. I wonder if some of the ‘smart money’ isn’t advantageously picking up some positions on the cheap ahead of some forthcoming event.
As you know there are some real divergences between gold and silver, both in paper and physical levels, that have some of us shaking our heads a bit. You know, the kind of people who actually notice things and ask about them.
This post was published at Jesses Crossroads Cafe on 09 OCTOBER 2014.
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