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Blythe Masters Reminds The RICO Club She Hasn't Been Fired Yet As Gold Chart Exhibits Thor's Hammer Formation
Another perfectly normal 6-sigma gold manipulation day where as gold was about to break $1,400, out of nowhere suddenly arrives JP Morgan's very own Blythe Masters. Elsewhere, the Comex check their spot gold screen, sighs, and switches over the SEC-endorsed porn channel. In other words: everything can be sold, except stocks as a down day (now that it is confirmed that banks pledge equity as collateral to their central banks and thus will blow up should market crash) means the Ponzi is failing. That can not happen.
Below, gold demonstrates the Thor's Hammer formation made so trivial by JPM's commodities trading desk.
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Pathetic and sickening.
I've checked where I can for lies and rumors of margin requirement increases, etc. Nothing. All is quiet.
Hey, I've been reading your blog every day. Good work! I really appreciate it.
me too. good blog for gold and silver.
Turd
I have a serious question for you.
You repeatedly make very specific predictions on gold prices (example: gold will hit at $1550 by December 10th), yet you also fully acknowledge the "sickening" manipulation of that market.
I don't understand how you square these two contradictory mindsets. How do you make specific predictions, yet acknowledge that the gold market is pure, manipulated bullshit?
If a casino is known to cheat, why tell everyone that you're going to win $1000 playing roulette on January 4th on your 6th spin?
Actually, RedNeck, I've been saying for months that gold would hit 1350 by Halloween and 1500 by 12/10/10. Its gonna take a little work at this point. Only 6 days to go.
Regarding the squaring of my opinions: The concrete predictions I make are generally long-term in nature. For example, the predictions above I made back in July. The gold and silver markets, long term, are in serious, sustained bull markets. This cannot be denied. Where Blythe and the EE manipulate things is in the day-to-day machinations, such as today. The EE consistently beats back and suppresses price every day but over the long-term, the huge fundamental demand for the PMs is global and growing. Blythe still is capable of winning battles but she will not win the war.
No. That's not a square - you're not squaring anything. That's more like a rhombus with a bad leg.
Everyone - and I mean EVERYONE - says that gold will go up long term. That's not a notable prediction.
You, though, repeatedly make overly specific short term predictions that are proven wrong a few days or weeks later. To your credit, some are proven right, but a game of darts would yield similar results.
Why do you do this? Even in this most recent post of yours, you acknowledge that gold is manipulated day-in and day-out, yet you won't hesitate for a moment to say that gold will be at some specific price by this Wednesday, or last Halloween. That just doesn't make sense to me.
Second question, if you don't mind:
Since you like to make predictions, do you think gold will become less expensive or more expensive as we move closer and closer to November 2012, and austerity/the Fed/deficits move into the cross hairs of every politician trying to save their jobs?
Do you think it's possible by the time election season is at full throttle in 2012, the Fed will have implemented programs to reduce their involvement in the markets and to mop up liquidity? That would seem bearish on gold, right?
"That would seem bearish on gold, right?"
Correct. Ditto for silver.
Bottom line: If you're against what these people are doing, buying PM's isn't the answer.
Follow the logic here:
In order for a short play to work, someone has to take the other side of the trade.
No demand for gold/silver = no demand for gold/silver longs = shorts collapse from liquidity freeze.
Or, just to expand the discussion out a bit further, stop investing or producing within the system. Be maximally unproductive. Trying to "beat" the established structure is exactly what they want you to do. Refusing to play in the first place, that's what they're really afraid of.
I disagree strongly with your statement that 'buying PMs isn't the answer'. You are talking about 'taking the other side of a trade', well, by investing in precious metals I am actually taking my money OUT of their system. I am not TRADING in precious metals, that would imply buying and selling for a nominal profit, in dollars.
I am INVESTING in precious metals, and my 'profit' does not come until sound money returns, and those precious metals are minted and converted into legal tender.
So buying PMs IS a way to 'refusing to play', which you correctly state they are most afraid of.
http://psychonews.site90.net
PsychoNews: Exposing the Oligarchy, one Psycho at a time.
Hey Red Neck, Stop hijacking the replies like I'm doing right now - just to make a point like I'm trying to make.
If you don't like Turd's blog, then don't read it.
Gold may be down but what's happening to Platinum/Palladium?
Just face it Red Neck. Turd is just another Turd squeezing his shitty advice out of an asshole which is like an opinion as everyone has one !
HA!
Only idiots say all opinions are of equal validity. Sorry, and also University Professors.
Yeah, okay smartass. London gold fix today @ $1390 or so. Only been above that level a few times before. But since your dick is no longer than your memory, I'll forgive you Li'l Joey...
Still swimmin' in the Bay of Dopes I see. And quit peeking at my dick!
Whatever, RedNeck.
It was clear long ago that you'll argue with anything I say simply because I'm a conservative libertarian who happens to have liked Glenn Beck for about 9 years now.
If you don't like my opinions...fine. I could give a shit. There seem to be a lot of folks that are reading my now three-week-old blog that are very appreciative. I do it for them, not for you.
Turd, no offense buddy but it's clear to everone on this blog that you're not wearin' that big hat to hide your big brain. Why don't you get some PM sponsors on that blog of yours and start makin' some real dough like Max Keiser and Tyler.
Just some friendly advice from your uncle Joe pardner.
Link to your blog please Turd Ferg?
As to whats his faces questions on your short term price predictions. The answer is pretty simple. Technical analysis of charts does work and has a degree of accuracy, and is useful for short term price prediction. But none of us here are inside traders either or can predict what the "house" in the rigged casino will do or the precise timing.
So the price targets Turd presents are useful as potentialities within the trend, a theoretical tool to keep in your box, but not something to live or die by since the real world presents external factors that can not be predicted by people who aren't politically connected. So understand it for what it is, both it's usefulness and it's limitations and don't look for perfection because it doesn't exist.
I for one have great respect for Turd's predictions and am always curious to hear what he has to say. I think he would be the first to acknowledge that no one can see the future perfectly and his predictions are just that - predictions.
I think that maybe you might consider spending less time at zerohedge, and more time at your local palm reader, since that seems to be more along the lines of what you are looking for.
"I think he would be the first to acknowledge that no one can see the future perfectly and his predictions are just that - predictions."
The Turd concurs. Thank you, DD, for your support. My blog is:
www.tfmetalsreport.blogspot.com
Stop by sometime and say hello.
Another daily reader of your blog , and steady buyer of gold and silver. Thankyou sir. Good advice can be hard to come by
I'm a conservative libertarian who happens to have liked Glenn Beck for about 9 years now.
Glenn Beck for 9 years? Well, that explains your fanatical devotion to him, despite the fact that he's morphed into a complete lunatic. Unions are responsible for QE2? lol.
It's exceedingly difficult to break old habits, isn't it?
Try getting a 85 year old man to buy anything other than a Buick, even though they're pure garbage and the company is bankrupt.
Try getting the congregation of a Christian preacher/fundamentalist to switch churches, even though Sunday's sermon was about homosexuals causing the hurricanes.
Try getting a lifelong Republican to confront the new hypocrisy of his party, even though the prior Republican administration was the most prolific group of fascists and plutocrats in American history.
9 years of Glenn Beck? Now I understand. You've been washed, spun, rinsed, tumble dried and neatly folded on the mantle of American conservatism.
what the fuck do you believe in ??? trying to discredit sources instead of evaluating information on your own??
go back to your mom
apparently you have never heard the fable of the blind men and the elephant, or, you have completely missed its moral.
instead of whinning that no oracle can clear your bar of perfection, try understanding that the truth that you insist on is often a matter of interpretation and can be presented from many different angles, with completely accurate facts, without any inherent contradication, other then the ones suggested by those trying to conceal the truth
It is the reason the PTB hate the internet so much. Before, they could operate in darkness. Now, no matter which way they turn, there is someone watching, and a way for everyone to compare notes. so many puzzle pieces, so few willing to acknowledge them if they don't fit in with what they expect picture to be.
@ retardatardded
Your post is what Jean Paul Sartre would refer to as nothingness.
What the hell did you just post? It makes no sense whatsoever.
Behind your left ear there should be a switch. Flip it, and repost.
You claim to know Sartre, but you are too dense to figure out a simple Indian fable? Or is such simple wisdom far too beneath you?
then I will make it as unambiguous as possible so that even the most highly edumacted such as yourself can understand (abbreviated version)
A group of blind men are walking through the jungle. The 1st blind man comes upon an elephant and approaches the trunk end and proclaims that an elephant is like a snake. The 2nd blind man approaches a leg and proclaims, no, you are wrong it is like a gaint tree. The 3rd approaches the great mid section and proclaims the first 2 men are all wrong, and that it is like a large wall, while yet a 4th approaches the tail and declares the elephant is like a rope. The men could argue for hours and eventual come to blows and kill one another, without ever realizing that they are all partially correct. Only by working together and comparing each others observations could they ever discover the true nature of the phenomena.
Turd is a topnotch analyst. Using sound methods and the best information, he provides highly accurate projections. However, since he does not possess insider information there are limitations to the total accuracy that he can provide. Since his overall performance is high, fraudulent actions by the PTB become all the more blantantly obvious. Therefore his predications help build a picture of what the truth is.
Since you do not grasp this concept, that is why you believe in the fairy tail of team red and team blue.
This is why you attack Beck. Most of what he says is verifiably correct. It is sometimes only part of the story. The left holds the missing pieces up as proof of lying, when it is just simply, only part of the larger truth, parts that the leftist versions of Beck fail to tell their audiences.
And this is why TPTB will never allow anyone to ever get unto the MSM and lay it all out. There was a time Beck was going there, and he was promptly bitch slapped back into line.
This is why the internet is making the PTB run for their lives. For centuries there have been pieces of the truth lying everywhere that only the TPTB knew how to fit together. Now any commoner with a keyboard can put them together, and the picture is very ugly, and people are getting very mad.
you are too dense to figure out a simple Indian fable
Which Indians?.....Dots or feathers?
Upon your response, I shall look it up.
A group of blind men are walking through the jungle. The 1st blind man comes upon an elephant and approaches the trunk end and proclaims that an elephant is like a snake. The 2nd blind man approaches a leg and proclaims, no, you are wrong it is like a gaint tree. The 3rd approaches the great mid section and proclaims the first 2 men are all wrong, and that it is like a large wall, while yet a 4th approaches the tail and declares the elephant is like a rope. The men could argue for hours and eventual come..
Blah blah blah...blah blah blah
<yawn>
Your post reads like a Dr. Seuss story. Do any of these blind characters live in a shoe?
A while ago, you seemed to have a sense of humor, and sarcasm aimed at the hypocrisy of the left/right artificial divide. Either your built-in controlling transponder has now been activated, or I just totally misread your earlier posts. There seem to be an awful lot of these cases going around lately.
I read "The Seven Blind Men" when I was a kid, which tells me you are a young whippersnapper that needs to expand his education (by quite a lot!).
"Buy the fuckin dip"
http://www.zerohedge.com/article/buy-dip
Another excellent question. Kudos!
Lies and rumours are unnecessary when the market is in a state of total regulatory capture.
With no news or even rumors out there, my gut tells me that Blythe is trying to paint an "outside reversal day" on the daily chart. To pull this off, she needs a Comex close below 1383. In 15 minutes we'll know if she's successful.
Turd - would love to read your blog.. where is it?
http://www.tfmetalsreport.blogspot.com/
Effectively BLOCKED by WEBSENSE here at work. Anything with blogpost in the name is DONE where I work.
I see that the idiot, Guv Bullard, has been speaking over the noon hour. He might have said something that set everything off. Pinhead.
Same here, but some blogspot stuff comes through....the owners here must have a hatred for Turd!
blythe, I would only need 2 minutes. ..Maybe even three.
use a proxy to get around it
websense is for pussies
Try http://www.browseatwork.com
If that's not successful, I've set this up to mirror Turd's 10 most recent posts:
http://www.monkeyhustle.com/index.php/blogs/alongthewatchtower
You won't be able to read or post comments but at least you can follow Turd's updates.
Bookmarked! Have always enjoyed your posts here on ZH Turd - finding your blog is divine - great stuff.
i think we all saw that huge move down 10 and im sure the JPM SEC onsite regulator got his check this month.
you betcha he/she did...thing is...wonder if the payoff includes a deal to pay for the regulator's lawyer when they have to take the fall...
oh, sorry, forgot, our courts are corrupted now too....not that the person whoulw ever have to deal with something like that, cause the DA's are also on the take.
we've really hit Bernie's banana republic moment haven't we...? we all are sitting here watching JPM literally steal millions, and no one does a thing...
Check? I surmise there is more than checks trading hands, and it involves a game of "hide the pickle"
If I was being paid by cheque from JPM, I wouldnt do any work until the funds cleared into my account.
Thank you. Much appreciated.
Please try to visit our "sponsors" as you leave the site.
I've paid Google lots of $ over the years and I'd like some back.
thanks flacon!
+
Gold has gone increasingly parabolic every december since 2006. This one is going to be hard to ignore as you'll be able to see it from fucking space.
lol
WOW did you see that?! I saw the manipulation on the last minute before 1:30! Oh this is just stupid! And then the few seconds before 1:30 there was a fight! It was sooooo close, I don't know if Blythe won or not. Literally it was a fight over 10 cents as the bell rang!
Why is everyone surprised? How can every other aspect of the economy be manipulated and controlled and not Gold? Gold is the anti-government vote. Your damn rights they'll collude it to the end. They have to. Otherwise every other policy is a failure.
and yet so many refuse to acknowledge that market suppression is alive and well. Today just demonstrates those GATA boys had it nailed from the outset. Wow.
Chris and Bill are friends of mine. They sold me on their evidence/arguments back in 1999. Of course, we were all just "wild ass conspiracy freaks" back then. LMAO.
Blythe and JPM will not succeed going forward. Of that I am 100% confident. Their Day of Reckoning is still ahead.
According to Harvey Organ, yesterday at the COMEX 300,000 ozs in (100% paid for) gold contracts and 15,000,000 ozs in silver contracts were cash settled with a "good/handsome premiums".
This indicates that the paper manipulators are nearly out of physical ammunition. Anybody can stand for delivery and get cash settled with a premium or take the physical.....it's a win/win proposition and will eventually blow the bullion banks out of the water irrespective of price manipulation.
If they drive the paper price down , buy more. If the price goes up, buy more. As long as they stay in business they can be milked like a cow for either cash or physical, whichever is preferred.
JPM (and whomever!) are getting whip sawed by their own hand: Dirve the price of PMs down with paper, folks from AROUND THE WORLD pop up and buy the physical, which drives up the prices again. Rinse and repeat, until JPM (or whomever) lets go of their end of the whip saw!
Well, the good news is that she didn't make it. HAHAHAHAHA
Its 1:30 and I've got 1390 on the Feb11. She tried this same stunt back on Tuesday. Didn't work then, either. Bitch.
Your analysis of this space is incredible.
Thank you for your commitment and contributions.
Reading your printouts with the hand written notes in sequence reminds me of a slow motion death scene...where the bad guy keeps getting back up just to get shot again. I can't take it anymore.. I'm jumping out the basement window..
Yup...It's locked.
I have just read your blog for the first time and would like to add my thanks and appreciation. I will be checking in on a daily basis from now on (with donations proferred from time to time to demonstrate said appreciation!)
I particularly like your friendly, easy-going, 'no nonsense' style.
Thank you.
Please tell everyone you know ;)
Dear Turd,
Tyler has to have noticed that you are starting to get a bit of a following here. Why not see if you could be a contributor here? If Robo and Leo can...
MsCreant, what an excellent idea.
Yes, Turd, I think you should go for it and be a contributor. Then you can post pictures like RobotTrader, LOL...
Yes, I asked. It was my first choice. Much easier than starting my own blog. I tried to email, contact and otherwise solicit "Tyler". No response. At all. Nothing. So I moved on.
Yeh Turd. And try not to forget who gave you the freakin` floor in the first place and try not let it all go to your head... ; )
Nice work man!!
Don't worry. It won't. There would be no tfmetalsreport without ZH. Period.
I love this place. I just hope the CIA, IRS and DHS never shut it down.
Over our dead bodies...
ooops divine intervention...
I think it is a margin change/buying opportunity. Artificially lowering the price of a commodity in high demand encourages more demand. It is self defeating for the COMEX to try and shake out the longs instead of the shorts.
the corruption here is breathtaking. of course, according to the CTFC, this is a wonderfully transparent market....
and i guess it is, we're all sitting here watching Blythe try to hammer down the tidal wave....
up to your ankles yet Blythe?
Dont' shorts use margin too?
with access to the printing presses margins don't mean much, except that it is easier for them to dig themselves into a mighty deep hole, until they eventually come face to face with China.
Let's keep 'em in there.
down peasants! down! look over here, can i interest you in some AMZN stock at 180 a share...? how bout some BAC, yes, i know the bank if penniless, but the "stock is on a run".....
look away from the gold, look away from the silver....
let's not forget netflix. Now if they would only get some decent FU&%#$! flicks to stream. It's as bad the free movies on Comcast on-demand..
Netflix DOES suck! Look for classic movies you actually WANT to watch, youre out of luck! Just all the new pop bullshit...I have no idea how theyre even in business except the FED buying it hand over fist.
Netflix has limited access to a ton of movies.
They must have a contract on each title they carry.
They also can lose the rights to carry them, anytime.
And they must pay royalties on everyone.
It is a bitch for them, and they know it.
They also know they need more choices and flics, but it's very expensive, and a lot are not available to them for any price to stream.
They are working very hard to change this, but it is going to take time, and lots of cash.
PS: I do not like it either, but unless you have lots of cash to burn on PPV/VOD, it is what it is.
Netflix has it's uses.
Anytime I get really depressed about how bad things are today, I surf on over to Netflix and watch Pillars of the Earth. Story line from 12th century England. IMDB story summary is:
Five stars, IMO
Great blog. Hey, you told us to get our popcorn because this was going to be fun to watch. Like your comment on another thread, about not being surprised the Chinese are buying all the gold they can, why does this surprise you? Blythe is like Favre, ain't gonna sit until they just can't go anymore. Football defines Brett; manipulation defines Blythe
Inevitably though retirement looms
Great blog. Hey, you told us to get our popcorn because this was going to be fun to watch. Like your comment on another thread, about not being surprised the Chinese are buying all the gold they can, why does this surprise you? Blythe is like Favre, ain't gonna sit until they just can't go anymore. Football defines Brett; manipulation defines Blythe
Inevitably though retirement looms
Absolutely disgusting! I was watching silver hit 29.00 and wobble around there for a few minutes... I just knew something was wrong - it should have shot right on up and past 29. This is so disgusting I want to be sick.
I've come late to this PM party so I am hoping for the mid to lower 20's retrace in silver. Then I will be very tempted to buy some physical PM. Maybe the hope in the equity markets and flat out manipulation will drive it down a bit and help build a base. If there is a good looking retracement base I think it will add stability to the rally for the longterm.
After the margin increases they've already showed their hand.
The smart buyers suspect they cant deliver, trying a margin raise again when prices havent even retraced to where the 1st margin increase was pulled is just confirming that suspicion.
I missed a couple opportunities buying, at the 1220s through the 1270s range. Kept waiting for it to go below 1200 for a dip that never happened (or happened too fast). Finally got in a round of buying at 1270ish and have made all my commissions back and more. Caught a dip on silver, been whole on that for a while. I guess I'm saying I know how you feel, but I sure am glad to have the metal. It took up too much of my mental space, watching and thinking about buying. It was good to just nail it. And I loved putting it to JP Morgan, all the while saving my meager wealth from the global ponzi scam called the economy---feels sooooo gooooood.
You can clearly see the bullshit, too, as crude, the grains and equities are still near their highs of the day.
Hey Turd, did you see Harvey Organ's blog today - he suspects some of the silver deliveries were paid off in paper dollars.
See here:
Monday night saw 5,428 longs deposit 100% of monies owing as they signalled to the comex that they were standing for the silver metal.
Early this morning I was really shocked to see only 34 notices sent down for delivery. This never ever happens this early in the delivery process.
I then waited patiently for the open interest to be revealed for the second day and it was a reading of 1945. With only 34 notices sent down, one can only conclude that 15 million oz of silver were bought off with cash and a huge premium. These guys then entered the market and bought which will explain why the total open interest remained relatively the same as the day before.
The payment of dollars for a silver or gold contract is totally forbidden by comex rules. However the USA do not pay attention to rules and they do whatever they like.
http://harveyorgan.blogspot.com/2010/12/strange-events-at-comexgold-and-silver.html
In the words of Forrest Gump, this is all you need to know about that:
"the payment of dollars for a silver or gold contract is totally forbidden by comex rules. However the USA do not pay attention to rules and they do whatever they like."
95'
-JPMorgan leads industry transformation away from relationship banking towards credit trading. Goal is higher returns without assuming buy and hold risk.
-Accounting and regulatory arbitrage generates significant revenues.
-Shifting of credit risk off bank balance sheets by pooling credits and remarketing portfolios, and buying default protection after syndicating loans for clients.
how big is AIG PM trading oepration?
JPM (and whomever) have gotta be feeling like a wild pig in a tribulet of the Amazon, with LOTs of Piranha nibbling their hooves! Num, num...
no doubt...absolute fucking bullshit...
fuck Blythe and the CFTC...if chilton doesnt spill his guts on the 6th then fuck him too...
Buy a silver coin and send the witch to early retirement.
Blythe sure looks like a pre-ordained bag holder/fallgal. Kinda like Obama, Bernanke and Geithner following Bush, Greenspan and Paulson.
Don't worry Blythe will get hers. It's Dimon and so forth who need to be investigated and brought up on charges. No more little fish, big game time.
Free speech, Free Markets. Both RIP!
I expect the dollar to rise back again. The eurozone hype wasn't great, they'll drive the yields up again to try and get a bailout going.
Markets love free money
Gack
it feels like I married the girl
This is why I'm seriously debating whether to enter some large short positions on equities.
I really am starting to feel more comfortable that even with POMO, it's lights out, night-night for "The Bernank's" scheme to target equity reflation.
He succeeded so far, but I think velocity on money destruction is accelerating, and that even POMO-pocketed money may be deployed differently going forward.
Plosser's speech today may have been a very thinly veiled grave warning of gravity reasserting itself.
Uhh, try small short positions in case you're wrong.
Anybody betting against the US gov't and its influence in the equity market is crazy. I got my ass handed to me 2 years ago betting against Oscama.
If you own a shotgun, would you threaten war against the US military? So why do it with your money?
I've said it before and will again right now:
I heard everyone saying anyone shorting the Bernanke Put back in 2007/2008 was a fool, too.
Some fools those were, huh?
Bernanke is not beholden of the magical powers some believe, history proves this decisively, and his 'new, better plan' to keep gravity at bay is going to succeed as well as his last one did.
This is the guy who expressly told Congress that there was no housing bubble in 2005, 2006 and 2007.
He also told Congress the Fed will never print money, and he's puzzled by the rising price of Gold.
Since he's been wrong 100% of the time, I'd expect QE2 and QEX will fail to create inflation and instead we will have (finally) system collapse.
So what you're saying is that The Bernank is the ultimate fade?
I agree. He ranks way up there.
US Govt and the equity markets WILL fail at some point, just calling that point is the tricky part.
Agreed. As always, the question is when.
Impossible to outgun Benny's insta-bucks. Only when the TBTFs are threatened (or need to make a point to sway votes, for example) will the collapse begin. And, initially, it will backstop once the TBTFs get their way ... until ONE DAY ... woosh.
Only executions in the public square will save the day.
(Alas, most will miss it while tuned in to Idol or Dancing with the Stars.)
Velocity can teach those who get the math correct a lot about the "when."
It's not an easy task to time the "when," but some have.
There's a blind guy that made nearly a billion dollars that did a beautiful job of it, and it wasn't 'blind luck,' either.
Yes - we can...just goes to prove it.
If we assume that was manipulation, then at current levels, someone is in very big trouble and needs help. Thus, this is great action, not sickening at all, but rather exciting. Looks like we will be at new ATH in both metals within 5 days.
GG
i have the same feeling...it comes together with the upcoming 100$ moves...
WHERE IS THE CFTC?! WHERE THE HELL ARE THEY?!
Do you have to ask?
It's painful when the reality hits....
Relax. I'm feeling like this little trick will be short lived this time. Aren't you?
Maybe a little additional regulation will help? HAAAAAA! Woohoo! Oh yeah! Haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa... My stomach hurts.
I just want to point out that the bounce at 11:30 was on relatively heavy volume, whereas the sell-off was on lesser volumne. Hardly the conditions for manipulation, right?
So why is the latter called manipulation but not the former? It looks like someone came in with heavy buying, ran out of steam and then another someone took profits.
Because the latter fits the WasteScape narrative of ZH
OMG!!! It's as if a 130 dollar stock moved 10 cents! Holy crap! massive collusion!
Look at the chart douche...
It amazes me that JPM and the other shorts didn't "pull a Barrick" in 2008/09 and go long. They continue to lose whilst the bulls continue to gain. All that they are achieving is a move from US/London gold trading to an alternative trade platform in the far east.
When you owe your very existence to the Fed and the Fed asks that you suppress the price of gold and silver, you do it. No questions asked.
Of course you do. Borrowing at 0% to buy a 3% Treasury pays a lot better than groveling for PAC contributions.
As usual, nailed it TF!
A link to the object of your desires... http://www.cnbc.com/id/15840232?video=1310002361
She can lie like a rug. She is charming.
I could not take more than a minute of her.
is the Fed the chicken or the egg?
the omelette
I luvs it, buy the dip! A 10 dollar discount in a bull market thx JPM
WTF is ATH? ...left in lurch
All Time High?
Maybe it was because the financial crisis is now over.
At least that is what I read Dick Bove said.
Ha! The clowns are just getting warmed up in the center ring of this circus -- more to come!
A short position on Gold and Silver equities is becomming more and more salivating... A bit risky here though.
statement
---------------
"a bit risky here though"
It was obvious that JPM would want to paint a double top on silver and gold with this manipulation. Flipped from long to short silver at 29.00 as the chart was visibly weakening as Blythe was readying her flying monkeys for the next raid. Lets see if the raid lasts longer than a BOJ intervention.
If you want to be in precious metal (which I do) then you have to realize that this is the kind of thing you are going up against. My basic feeling is that buying gold or silver and taking it home with you is about the most subversive thing a person can do right now. I'm all in.
Totally correct. Holding physical is declaring war on the money printers. Analogous to the VC vs USA. Hold em' by the belt so they can't use their air power.
And long term its all about seeds.
And if your allowed to Plant them, without going to jail.
Their working on this as I type.
the cftc is up blythe masters hole looking for the light switch.
I was ready to be a Gold bull too Almost.
What is Blythe??
a condition, not yet determined to be a disease†
+++
Among this crowd, Blythe Masters is considered to be in charge of JPMorgan's various gold and silver manipulation schemes.
http://www.jpmorgan.com/pages/jpmorgan/investbk/solutions/commodities/te...
Blythe Masters runs the JP Morgan commodities division.
She is a very dangerous woman.
http://www.bloomberg.com/news/2010-08-03/blythe-masters-says-don-t-panic-over-jpmorgan-commodities-loss-job-cuts.html
And she made a name for herself by inventing the CDS - Credit Derivatives Scam. She is truly a destroyer, spawn of the devil.
After reading that article, she's a loud mouthed blow hard. She would have been a decent person if someone had punched her in the mouth in grade school.
http://lmgtfy.com/?q=Blythe+Masters
Oil's not playing along as of this moment
Infact just like Keisers crash JPM campaign couldn't we at ZH organise a 'Thankyou Blythe Masters Christmas card campaign from silver traders who make a fat living from piggybacking JPM Takedowns? what ja think Tyler?
1385 key support level