Silver was the stonewall again, refusing to lose its aspiration to the 20 handle. Gold wavered a bit but finished well.
We *might* get a gut check for those punters who flipped metals positions trying to second guess the market today.
But all in all, the clock is counting down on this act of the drama.
The SGE received approval for a gold free trade zone in Shanghai. The BRICs will be meeting in Brazil on July 15. They are chafing at the latest excesses of empire.
The financiers will never see this next one coming, they are so used to looking down on everything and everyone. If you are looking for clues, the kabuki at the Comex will be one of the last places to see things as they really are.
When one considers the way things are among the puffed up princes, along the lines of Pascal's wager, it really is hard not to laugh. The last will be first, and the smart money are dopes, getting it all completely wrong, like an opera buffo.
It really is. Irony doesn't even begin to cover it.
Have a pleasant evening.
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