Gold Daily and Silver Weekly Charts - Some Group Is Sitting On These Markets

At least in my judgement, the precious metal markets are being consistently rigged.

I believe the reason that they are being rigged is that the financiers have convinced the political class that this is a necessary action in order to prevent a panic, a run on the dollar and the bonds, and a seepage of critical funds into an unproductive investment as compared to equities for example.

We are just defending what is ours, right? And what is ours is the global dollar hegemony.

This is really just another excuse for looting, picking both the global public pockets and the Treasury's.

This sort of thing seems to happen periodically, at least once per generation,and the system generally has to get washed out badly, and then reform may come. You can see a pretty clear trend back to the early Reagan years for this one.

Protracted market rigging tend to distort supply profoundly. And there should be no doubt that the distortions and excesses of our current round of economic quackery have caused an historical imbalance of wealth and power, and the rigging of the gold and silver markets have badly affected the ability of supply to meet demand.

Oh well. Interesting times.

Have a pleasant evening.