Agnico eagle produces strong results in a tough environment (banker manipulation)/ The big news of the day: Japan cannot and willnot do anymore QE/sends Japanese yen skyrocketing and bourses crumbling throughout the globe/Yen carry traders are fried to death/China seems its commodity bubble burst/EU cancels meeting with Greece as there is no headway, Greece may fail in July/Carl Icahn dumps all of his Apple stock
by Harvey Organ
Harvey Organ’s Blog
[…] From last night’s access market through to the opening of Japan, the bankers were doing everything possible to knock gold off its perch. Then suddenly, Kuroda of the Central Bank of Japan shocked all of the traders by doing absolutely nothing. Everyone was expecting some sort of new QE. That sent the Japan skyrocketing by over 340 basis points, the Nikkei plummeted by over 1000 points and then bourses around the world were hit pretty hard. The big winner was gold and silver as they immediately rebounded and that put a huge dent in the plans of the bankers with respect to the London’s options which expire tomorrow morning. If they fail tomorrow that would be the first time in many years that the bankers have failed during the entirety of options expiry week.