Yes, there's still chicanery and opacity and more unwinding and uncertainty ahead. Fortunately we have a clearer picture of the future than ever before as the dysfunctionality of the markets is more out in the open. Bill Murphy calls the action counterintuitive and he and his newsletter contributors are among those who rail at the brazen malfeascance across WallStreet and Washington and their appointed overseers, who never met a new piece of legislation - supposed to finally enable them do their job - that they didn't like. Luckily cool heads prevail or heads would roll as in civil war.
Bix Weir today had some reason to be optimistic about JPM but I'm not in his camp and as far as silver he is always looking for excuses. I think silver will go into control-mode locked down in hibernation based on national security. The same elements of control they use in all markets will be retained in some way, maybe as Jim Sinclair has stated gold would be held within 100 or 200 dollar range after it reaches it's top allowing a "revitalized and reinvigorated gold certificte cover ratio". So derivatives futures would be the tool and many others say derivatives will stay and the banks and brokers and securities firms and government are planning for a wonderfully profitable future using just those tools, rules, models and software that virtually no citizen knows exist and even fewer care to understand.
