Good morning!
I feel like I work at Pravda when I say "Markets are heading up this morning" – doesn't matter what's real, that's the news we're going to report. The crops are always new records, factory production is always up and the 5-year plan is always on track…
Nothing can be further from the truth than the Shanghai Stock Exchange, which opened down 2.5% flew back to positive and then decided to finish down 3% after all – manipulation failed for the day over there.
Problems in China are caused by their FAILURE to just lie back and accept the market manipulation going on on that side of the World. Goldman Sachs (GS) has been finally chased out of metals trading as a Senate subcommittee begain examing their "alleged" manipulation of commodities and, over in China, the Securities Regulatory Commission is probing the same kind of index manipulation that is commonplace in our own markets.
Of course, if you want to see EPIC manipulation, you can't beat da boyz at the NYMEX, where they cancelled all but 1,693 out of over 300,000 FAKE!!!! open orders that were placed in January, effectively shorting the US of over 20M barrels of oil in January.
Each contract represents 1,000 barrels scheduled for delivery to Cushing, OK
IN PROGRESS
