Loading ...You’ve got to be kidding.
Silver at $50.50, up $1.46
It appears those guys are right back in the crap bucket they were in yesterday morning when silver hit $51.
I don’t know the ins and outs of the shenanigans aka LBMA and Crimex, but this type of action would indicate to me that something indeed did break at the LBMA yesterday and they defaulted on delivery of silver. Not sure how the Crimex was able to paper over the mess yesterday, or maybe even assist with metal, but they’ve got to do it all over again this morning. The premarket shares should give us a good indication of whether this will hold up or not.
Gold is down $6, no worries there. Everything else is flat except rates, they are down 2 bips.
Captain – this is a unique moment in history. The banks might’ve just been caught. I expect lawsuits are on the horizon.