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James McShirley: Silver is almost always knocked down at 6 p.m. ET
1:30p ET Monday, August 25, 2014
Dear Friend of GATA and Gold:
Market analyst and GATA consultant James McShirley calls attention today to the almost constant knockdown of the silver futures price upon the 6 p.m. Eastern time opening of the access market.
McShirley writes: "Virtually every evening for the last three years at precisely 6 p.m. ET something very odd has happened: Comex silver offers swamped the bids to the tune of a 3-10 cent decline. For this to happen for three consecutive weeks would be strange. If it were to happen for three straight months it would be bizarre. Only MOAMOPE -- Mother of All Management of Perspective Economics -- can describe when it occurs for three straight years. ...
"Silver has had a near-iron clamp imposed on it commencing with the access trade reopen. How severe is this iron clamp? From September 1, 2011, to the present, 621 out of the 744 6 p.m. access trade opens have been lower. All manipulation denialists take note: That's an astounding 83.5 percent."
McShirley's commentary is headlined "The MOAMOPE" and it's posted at GoldSeek here:
http://news.goldseek.com/GoldSeek/1408983846.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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