"The black swans can be organized into groups. They are numerous within each important economic and financial camp. The Armada of Black Swans, well organized into regiments, has become dominant enough to be considered the New Normal."
Willie goes so far as to compile a list of black swans that are affecting the COMEX:
COMEX SWANS
- GATA Gold Rush 2011 in London Savoy Hotel on August 4th will feature the COMEX whisteblower Andrew Maguire
- Silver futures contracts settled almost exclusively in cash, often with 25% vig bonus
- Gold & silver futures contracts often settled with GLD & SLV shares
- Umpteen margin increases for gold & silver futures contracts, but reductions in USTBond futures contract margin requirements
- Brent versus West Texas crude oil price has a $20 spread
- Every time Bernanke assures US financial markets, gold & silver rise in price
- Elimination of Over The Counter gold & silver contracts due in mid-July
