Almost from the moment that trading began in the Far East on Monday morning, there was someone there to sell the gold and silver market down. This pressure really began to accelerate to the down side at one of the usual times of day…2:00 a.m. New York time…which is early Monday evening in Sydney, late afternoon in Hong Kong…and first thing in the morning (7:00 a.m.) in London.

Then, the moment the Comex opened for business, the bullion bank(s) pulled their bids and both metals sank like stones…particularly silver. For style points in silver, I give da boyz a 9.5/10. Any bets that it was mostly JP Morgan (NYSE:JPM)? After that pounding, the metals did nothing for the rest of the day. The shares got creamed.

Ted Butler had this to say about it yesterday…”While I certainly didn’t expect it, explaining Monday’s sell-off is pretty easy. It was a dealer-engineered drop

Almost from the moment that trading began in the Far East on Monday morning, there was someone there to sell the gold and silver market down. This pressure really began to accelerate to the down side at one of the usual times of day…2:00 a.m. New York time…which is early Monday evening in Sydney, late afternoon in Hong Kong…and first thing in the morning (7:00 a.m.) in London.

Then, the moment the Comex opened for business, the bullion bank(s) pulled their bids and both metals sank like stones…particularly silver. For style points in silver, I give da boyz a 9.5/10. Any bets that it was mostly JP Morgan (NYSE:JPM)? After that pounding, the metals did nothing for the rest of the day. The shares got creamed.

Ted Butler had this to say about it yesterday…”While I certainly didn’t expect it, explaining Monday’s sell-off is pretty easy. It was a dealer-engineered drop