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<p>[QUOTE=&quot;InfleXion, post: 1640047, member: 29012&quot;]car·tel</p><p>1. an international syndicate, combine, or trust formed especially to regulate prices and output in some field of business.&nbsp; </p><p><br /></p><p>Cartel may not be the most palatable label, but it is most certainly accurate for the CME since that is precisely what they do. Not sure why there is the need to focus on labels anyway. They are irrelevant to the underlying nature of what they are describing, simply a method of reference, and an unnecessary distraction to make the subject of discussion. The nature determines the label, not the other way around. Of course if people need an excuse to ignore information they will find one no matter how illogical.&nbsp; </p><p><br /></p><p>Focusing strictly on information and not semantics, Chinese markets are closed for the New Year holiday week so volume is light. It&#039;s a golden opportunity (pun intended) to impact gold and silver prices with lighter volume and one of the largest PM buying nations temporarily on the sidelines.&nbsp; </p><p><br /></p><p>It is the timing that is more telling than anything else. Were this done when Chinese markets were open it would not have been as dramatic a selloff because of higher volume and more buyers. So whoever is selling chose to do it at a time when it would have the most impact. </p><p><br /></p><p>Interestingly enough, stocks rose in parallel to silver dropping so it&#039;s apparent where the money went, and that it had nothing to do with physical metal. It&#039;s all about gaming confidence. Make silver look bad and stocks look good simultaneously at the most convenient time to have the greatest impact. If it gets below the psychological $30 then even better. </p><p><br /></p><p>We should all be thankful we can still buy at $30 anyway. Once true supply and demand takes hold of price discovery there will be no going back.[/QUOTE]</p><p><br /></p>

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