Ruthless

67
Tue, Nov 23, 2021 - 11:09am

Wow. We knew that The Banks had added over 100,000 contracts of new open interest during the rally and we knew that The Banks would also try to rig price lower into option expiration day. But this latest effort to deflate enthusiasm for all things precious metal is particularly ruthless...not just for the price damage but for the psychological damage that is being inflicted at the end of a very long year.

I am again reminded this morning of that confidential cable unearthed by Wikileaks a decade ago. It was on December 10, 1974 and it was sent from the UK's Department of The...

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