Stocks and Precious Metals Charts - Because They Can, Without Meaningful Accountability

"This is the Dr. Evil strategy, as so named by the US traders who got nailed pulling this baloney in the European bond market some years ago.It is a massive dumping of contracts into a dull market for the purpose of gaming the price to achieve some objective."- Jesse, 21 September 2018

The data shows that about 24,000 gold futures contracts with a nominal value of 4 Billion in gold were dumped in the quiet overnight trading hours.

I wish we could be surprised by this, but it is an all too common event in US markets. In all these years I have learned to trade around it and live with it. But it is still discouraging to see this sort of thing so quietly tolerated.

There was no fundamental reason for this 'flash crash'. But you would not have picked the details of this up from the facts-lite description of this by the Wall Street spokesmodels and bubblevision bobbleheads.

Europe has taken steps to curb this malicious practice by the Banks in their bond markets, limiting the amount of heedless selling (dumping) that can be done in short periods of time in quiet markets.

The US continues to tolerate this and other abuses of its markets. It is particularly brazen in gold because it does not offend the powers that be in the Fed and Treasury, who look on it somewhat favorably.

Until this corruption is rooted out of its monopolized and under-regulated markets there can be no sustainable economic recovery in the US.

That's why we can't have nice things. It's an oligarchy, dominated by rigged markets and monopolies, and paid-for politicians, so that a very few benefit the most, without a meaningful counterbalance and accountability.

And now back to your favorite distractions, junk calls and spam emails, healthcare system landmines, demagogues, conflict entrepreneurs, and conmen.

Have a pleasant evening.

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