The CoT’s No Longer Matter, Part II

by Andrew Hoffman
Miles Franklin

It’s 3:30 AM MST on Thursday morning (“Twas’ the night before Janet”), and I wasn’t planning to write until her Royal Printing Press-ness delivered her latest “most important announcement ever.” However, given how the Precious Metal community has been besieged this week with the same misdirection, cluelessness, and borderline Cartel-produced propaganda that has characterized newsletter writer “analysis” for the past 15 years, I thought it would be a good time to throw my ring into the hat – in light of the, yet again, paralyzing fear today’s FOMC statement has engendered, amidst one of the most vicious Cartel raids to date. Particularly appropriate, I might add, on a day when we learned JP Morgan has been serially manipulating the aluminum market for years. But no, the far tinier, far more “systemically important” Precious Metal markets couldn’t possibly be manipulated, too. Right?

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