by Andrew Hoffman
Miles Franklin
It’s Wednesday morning – and let’s start with a little background, as we head into yet another episode of, LOL, the Fed’s “most important meeting ever.” To that end, recall that it was just seven weeks ago, on April 27th, when Yellen and Co published one of their most dovish statements yet, catalyzing a gold surge from $1,235 to $1,300 in less than a week’s time. This forced the Cartel – er, the COMEX “Commercials” – to extend their already near-record naked short positions further; which unfortunately for them, couldn’t even push gold below $1,270/oz, despite every imaginable manipulative effort.