The Most Transparent Lie of All Time, Part II

by Andrew Hoffman
Miles Franklin

For the time being, we’re amidst the thousandth version of Cartel “wash, rinse, and repeat” – in which a Precious Metals rally is forced to first, endure the ignominy of blatant capping the entire way up, as it has since gold first breached the latest “line in the sand” at $1,250/oz on the “$50 up day” of February…

[…] …and for silver, $16.00/oz…

[…] And second, the inevitable plunge amidst wildly PM-bullish news flow; in which the vast majority of said “declines” occur in a handful of seconds, at “key attack times” like the 2:15 AM open of the London paper market, the 8:20 AM open of the New York paper market, and the 10:00 close of global physical trading. You can blame it on “the COTs” – which as you know, I don’t put any credence into; or Monday’s (today’s) COMEX options expiration – which undoubtedly is a contributing factor; or anything you’d like. However, the big picture “reason” is the same as always. Which is, the Cartel’s desperation to prevent Precious Metals from commencing the inevitable mega-rally that destroys them. As it has already, I might add, in the vast majority of global currencies.

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