These people should be prosecuted. To bunch paper sell orders and overwhelm the bid at 3:30 in the afternoon, all in the face of a flat USDX, wreaks of desperation. Only the desperate, strung-out meth whore dares rob a bank in broad daylight for need of that next "fix", to survive till tomorrow.
This is over-the-top BS and I'm sick of it!
7:00 EST ADDENDUM
I've noticed in some of the comments that there is some shock and surprise that Turd would get emotional and, perhaps, lose perspective. I'd like to clear this up.
I was asked to start this blog four weeks ago so that folks from ZH could more readily access my thoughts...perhaps save time digging through endless ZH threads looking for my silly, yellow hat.
Graham from Australia asked me last week to never couch my opinions or word things in such a way as to be intentionally vague or non-committal. My promise then is my promise now: I will always tell you exactly what I think, no BS. Take it for what its worth. Use it as a resource.
I've been observing and trading commodities and metals for years. I firmly believe that, in the precious metals, the evil consortium of bullion banks actively attempts to suppress price on a near daily basis. They have done this for years and they did it again today. However, rarely are they so brazen. Are they desperate or untouchable? I don't know for sure. What I do know is that what they did today in the destruction of the myth of a free market as well as millions if not billions of investor/trader dollars was outright criminal and it makes me sick to my stomach. More later.
ps Be sure to check Harvey in about 90 minutes. He's certain to be nearly incredulous. Probably as PO'd as I am.