Many of us here have been trying to hint the same message as Jim’s letter, in so many words this week. When the cartel / hedgies are trying to smash gold for weeks on end, and all we see is a drop from about $680 to $650, that has to be marked down as a complete and utter failure. 

We can be thankful that they’ve worked so diligently on our behalf to discount the metal and dig their own grave. The shares are easier to manipulate and the tape painting has been too obvious and amateur to be even slightly convincing. So has the bashing on various boards I watch… This is a tell, plain and simple, and the hedge funds that pay bashers to do their evil work on internet boards need to finder much better and smarter writers. We can expect them to continue to behave like cornered rats, as that is precisely what they are.

By the way…  thank you all so much for such kind feedback earlier this week.

-Scarab