jt

OPEC to Cut Production at Friday Meeting, but Will Prices React?

And yet as some of you bash on OPEC (as though they don't have a right to do whatever they want) or EuroLand (actually just a party to what their bosses want), you seem to miss the elephant in the living room. We have no "free markets" NOT b/c of OPEC. We have no free markets b/c the oversight committee is part of those that have taken over the commodities markets with derivative trades.

Go look at JPMorgain4Elites and their derivatives book. They are more or less now the pseudoprivate/public trading face of the Fed as co-owners, and likely are impervious now to any fraud or criminal charges as they would probably claim "national interest.". They now have over $100 Trillion (yes with a "T") in derivative risk...and if you look farther, most of it is shorts against the entire commodities complex...they hold nearly 90% of the short position against gold and silver for instance on the CRIMEX.

The CFTC was set up to prevent such manipulative positions. They certainly have in the past made a big to-do about "long" manipulative positions, and there was one copper short that had to get religion quick as I recall, but o/w the CFTC has not only allowed it, but when it has been repeatedly pointed out that these short positions are manipulative to the max, have stated they looked into it and found NOTHING amiss. Kinda like a cop watching mafioso bullies beating up a shopowner who's trying to make an independent living w/o buying "protection" and reporting that he saw "business as usual"...nothing noteworthy.

JPM singlehandedly brot down NG futures and then hanged Amaranth out to dry with their long position on NG (esp after Amaranth doubled down their position). JPM then bought up their positions on the mega-cheap and actually hired some of their top people.

This is govt and Shadow govt bankster manipulation of markets. This isn't real world where little has changed in the supply / demand dynamics. And that goes for the entire commodities complex. This is the takedown before the election combined with the gangster banksters doing "everything at their disposal" ...as was stated by their Mafia head here in the States, Comrade HankyPanky Paulson...to keep the sheeple people from taking their money out of the stock market and dollars and putting into the only historical store and preserver of wealth: gold (and silver), esp as the financial system reveals its inner corruption and putrefication.

The rest is just the politicoeconomic MSM (mainstream media) farcical drama given to the sheep to keep them entertained and glued to their TVs while the banksters rob them blind.

jt