Loading ...The ridiculous Shanghai (I’m calling it that now) put their heads together and gave us a pm fix last night of $82.42 after an overly generous (to the shorts) am fix of $76.83. It’s become clear that there’s very little difference between exchanges as they both answer to big money interests and will direct prices in favor of said interests. Markets aren’t markets they are directed money flow agents of the decision makers, who are the tools of the powers and principalities who run the actual world.
So, after pondering all that, I decided to take a look at the pre-market shares to see what the powers were going to give back after yesterday’s drubbing, (since they’ve been so generous with the metals thus far) and it appears they’re offering the usual 10 cents on the dollar.
That is, if we survive the jobs report.