The cartel are currently attempting to erase the entirety of gold and silver’s no taper surges Wednesday, as both metals have just been shoved down the proverbial mine shaft.
Silver smashed back under $22 briefly but holding as an initial bottom, don’t be surprised to see the cartel attempt to take silver all the way back to pre-FOMC levels of $21.50 before the day is out:
Gold smashed back under $1350:
Apparently the market believes the Fed’s latest empty threats that it may taper in October.
As Mr. Bush famously once said, Fool me once…shame on me. Fool me twice…shame on…shame on…you can’t get fooled again!