Ed Steer:
"Most markets that matter...and the U.S. financial system can control...are rigged seven ways to heaven...and this certainly includes the precious metals, with yesterday's price action being another case in point.
I have no idea as to when all this madness will end, but I would think that we'll find out sometime after the presidential inauguration coming up on Monday.
The way that gold and silver bullion are flying off the shelves at the U.S. Mint is only one of many canaries in the coal mine that are singing their lungs out at the moment. "Currency Wars" is another. And as I've said on many occasions, one of the first things that the powers that be can do to instill higher inflationary expectations in the general population, would be to allow the precious metals to run up a significant amount. Time will tell whether my thoughts are anywhere close to the mark. ..."
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