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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 $1,400, out of nowhere suddenly arrives JP Morgan's very own Blythe Masters. Elsewhere, the Comex check their spot gold screen, sighs, and switches over the SEC-endorsed porn channel. In other words: everything can be sold, except stocks as a down day (now that it is confirmed that banks pledge equity as collateral to their central banks and thus will blow up should market crash) means the Ponzi is failing. That can not happen.
Below, gold demonstrates the Thor's Hammer formation made so trivial by JPM's commodities trading desk.
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CFTC = Can't Fine The COMEX
SEC = Secure Easy Cash
FTC = Fund the COMEX
NFA = Not Fair America
RICO = Rolls Royce, Ibiza, Caviar, Opulence
LOL, nice
hehe
Tomorrow after macro figures at 08:30 they couldnt avoid gold get above 1.400$ onze.
Lets short Financials¡
+1
BERNANKE =
Buy
Everything
Right
Now
And
Never
Kwit
Easing
Blythe Masters, and others of her ilk, operate without fear. They are untouchable. Hopefully, they will not be untouchable forever.
I know I'd never touch her...
I have been out of gold since $1365 per ounce was a new all time [nominal] high and have felt virtually naked ever since. I have held off on buying for this very reason. For as the Fed has had to target Average Joes everywhere trying to protect their wealth in bonds and T bills, so too must investment banks target PMs to force folk into crappy stocks.
So too long only firms must sell short shares of VXX that do not exist, and manipulate puts on VIX...to make stocks go up.
But of course, all you guys here know this stuff...and I share the sickening frustration of watching all of this happen.
Fire The Bernank and close the Fed doors.
Dude, what were you thinking, exiting at $1365? Only 6 months left to live or something?
Most gold holders are waiting until gold isn't even priced in USD to cash out (or back in to the system, as it were)
http://psychonews.site90.net
PsychoNews: Exposing the Oligarchy, one Psycho at a time.
I fully expect the prices for PM's to gyrate wildly after the Great Implosion: First up by some ridiculous amount, followed by a complete crash -- this cycle might even happen more than once -- before the Earth stabilizes on it's axis once again and PM's settle on their true values. Wait till after the deluge to whip out the PM's to buy towels!
The East will continue to buy all the gold the West wants to sell. You can use the paper markets to make sure they get it cheap but that's about it.
From the Bloomberg article posted above:
"Even so, competitors are “scared shitless of us,” said Masters, who is based in New York and joined the bank in 1991 after internships that began in 1987. “They’d better be, because this is a platform that’s going to win.”
By platform, I suppose this snatch means being able to break all the CTFC rules with impunity.
Selling gold to make the fiats look credible -- like an old whore spending her last savings on makeup.
Good analogy, if the old whore could still generate cash by printing it at will. What happens in this story if the old lady has a printing press? Oh, thats right, the price of makeup will skyrocket!
Gold are the last savings to buy the make up -- they can't print it; they have to get it from somewhere. Ultimately you have so sell some physical to keep the Crimex paper games going. That what I was thinking.
There's a real "tug of war" going on.
We need Soros to bust the FED...but he won't.
Has everyone read this past week's shill comments on the classic H&S formation on Gold? Methinks in just another month or so they will bereferring to the gold pattern as a John Holmes erection event.
Don't forget the $27.50 double-top in silver. Ooooh, scary. Even if it had materialized, silver would've fell down to what... $25???
meh
Relax. So JPM won a minor skirmish this afternoon. If you hold gold does that mean you are going to beat feet to the nearest pawn shop in the hope they will take your gold off your hands? No
It's an insurance policy you buy and hold. When it breaks 1400 bucks US and then 1100 bucks EC you will wish you used this as an opportunity to add a little more insurance.
If you are day trading in gold futures this is the game. Blythe got her ass handed to her this month and last. She will get her ass handed to her next month as well.
relax...i appreciate ur equanimity bro but that bitch is fucking with the life savings of many a believer n real money...when u do that ur worthy of death...
Unless you got crack in your veins the name of the game is physical. Buy it. Hold it. If nothing else you sleep better. I play the paper markets but only through the miners and explorers. I pay attention to Blythe and her buddies only in so far as it messes with my stocks. The day to day crap on the Comex will have you scribbling on the walls only if you let it. Sit tight and be right and all that. Gold has stayed solidly over 1000 euros and euros is all about the physical. People are crapping themselves in Euroland. Smart ones are buying and holding. The herd is off in the distance still grazing on paper though.
The bottom line is Gold hasn't peaked and maybe even JPM will capitulate eventually and go long. So yeah, I am relaxed about it. I can see the end game being played out and I have no doubts about my positions.
That's a lot of ass!
Not Hilary booty but getting there.
What should we expect an ounce of gold to cost us in December 2012? If you don't have to sell right now, why worry about today's price at all?
How many years will Blythe spend in jail -- assuming she survives the mobs?
Thats one hell of an assumption. I assume she is forced to flee the country, or escape underground. I am sure the Oligarchy have got atleast 200 plastic surgeons on standby for the moment TSHTF. Is that sarcasm? Even I am not sure.
I hear you.
Good point . . . and I'm not sure either.
What the hell is a Thor's Hammer?
http://en.wikipedia.org/wiki/Mjöllnir
Thanks. I wasn't sure. That formation looked like Thor's Anvil which, as everybody knows, is the opposite of the Hammer formation.
Support at $1385 Blythe can not break.
All support still in line.
Send her an email rejoicing in her demise.
masters_blythe@jpmorgan.com
I did.
thx szjon
I'll do that too
assume we can send Jamie a note as well using dimon_jamie@jpmorgan.com
nice...im on it...
Sorry guys, blythe came back 'no unsolicited emails accepted'
I'll see if I can get a result on a university friend finder or facebook or something. Fax number would be nice.
Bernanke was wrong so many times, or lied so many times. Who can be wrong 100% ? Perhaps The Bernank is actively planning and counting on failure. The IMF is waiting to save us all.
Me, i think its a planned demolition. Central Bankers and their helpers work well together enriching each other with our complyance.
Its a wonderful world . Sarcasm on a rainy day
Economics, in its standard form, is a mess. Nobody knows the difference between cyclical and structural. Nobody understands environmental data points such as EROEI, production levels of finite resources. Nobody understands FIAT is a means of wealth transfer and nothing more.
It is not a science, it is a philosophy,and under current trend, it is similar to philosophy before the breakthrough of metaphysics. Before then, God was Needed to prove theory/theorems. Now we understand that much of the world is as we create it.
Then again, there is a segment that we do not. This input has never been properly discussed in academia. It is a fallacy. This fallacy has lead to the demise of this economy.
I hear you Mr Lennon. I have simplified, downsized and removed false expectations. Have less, Be more.... will come!
+3%-4%
The gold bubble has burst! Nah, nah nobody believes my crap anymore,
Cock.
Jon, you have to stick with your schtick! Don't give up now!!
The gold bubble has burst at 1390, a few bucks from its all time high? You really are a crackhead.
Yeah. Don't give up yet, Jon.
They love to hate you Jon. You should be proud.
JonNadler, your co-boss Blythe has been making all the waves today. Best to be lowering the prices of your PM targets. You read it here first:
Au to $0.02
Ag to $0.01
nobody hates me anymore BAAAA WWWHAAAAAAAAAAAAAAAH!!!!!!!!
even the gold bugs who I once used to terrify just feel sorry for me and even try to comfort me.......hm err i have to pull myself together here.....
Gold to 200 by January 2011!!!!
and to 0.015 by 2012!!!!!!!!
That's what's fun about a ZH avatar life. You can reincarnate!
"Blythe" the bitter irony of that name! http://seeker401.files.wordpress.com/2009/12/blythe-masters.jpg
Don't get mad, just get even. Loaded in more GDX between 1:00 - 1:30 PM today and now it's trending back up.
In other words, we do not truly have commodities futures markets. These exchanges, especially in precious metals and oil, are merely mechanisms masquerading as true markets in which trading monopolies and oligopolies dictate prices over the short to medium term (mostly to benefit their OTC derivatives positions). Boy oh boy, I can hardly wait to invest my money in that (sarcasm).
all the exchanges are rigged to favor insiders, permit blatant manipulation, and massive counterfeiting.
The physical dog is starting to wag the paper tail. Blythe and her monkeys have no answer for the physical demand -- especially silver.
Ha! So what are they going to do? He who has the Gold, and Silver, wins. I guess we just keep buying until they figure this out.
And then still keep buying. This is war and they are trying to steal your money through taxation and inflation. They build ponzi economies and other ponzi institutions from your money. Give them nothing, hold no quarter.
I hear the dogs of doowm howling...
http://www.youtube.com/watch?v=WfrHWRS8J6g
Close the door, put out the light.
You know they won't be home tonight.
The snow falls hard and don't you know?
The winds of Thor are blowing cold.
They're wearing steel that's bright and true
They carry news that must get through.
They choose the path where no-one goes.
They hold no quarter.
Walking side by side with death, The devil mocks their every step
The snow drives back the foot that's slow, The dogs of doom are howling more
They carry news that must get through, To build a dream for me and you
They choose the path where no-one goes.
They hold no quarter. They ask no quarter.
The pain, the pain without quarter.
They ask no quarter.
The dogs of doom are howling more!
Just keep buying the physical and the game will eventually be up.
Thats right, buying and holding physical is the end game, no amount of Blythe manipulation can beat it.
+ $1380
Question for those who have actually done it (not a trick or challenge, would just like advice).
What is the most efficient way to buy and hold a 1000 oz. silver bar for say 5-10 years?
APMEX?
For orders that large, I don't think you can beat Tulving.com. Well, except that I don't see any bars of that size listed currently.
In 1 year that 1000 oz. silver bar will make a nice door stop!
Joe
am afraid it's no use, the gold bugs are just laughing at us at this point. Let's wait for gold 2000 and then pull out the bubble routine again you know....err... I mean gold 200, no it's never going to 2000
Jon
I'm thinking of starting a blog called LetsCutTheBullshit.com
All I see here is a bunch of capitalists dissing capitalism and looking for validation on their long/short positions as they strive to get rich. If they lose money it's nefarious price manipulation by some evil cabal. If they make money it's I told ya so.
"Buy the fucking dip" Joe.
http://www.zerohedge.com/article/buy-dip
To: masters_blythe@jpmorgan.com div { margin: 0px; }
u know there is going to b a price paid for the harm u and ur criminal institution r inflicting on those who n their wisdom have invested their savings n the only two forms of real money...ur paper games r not fooling anyone....
Physical Silver & Gold must & will continue to be bought hastening the destruction of ur banker debt coupon currencies...
"Gold is money...nothing else"...
sound familiar....
Here she comes again... Biotch!
It's hard to believe that after ten years of this shit (maybe more) that these raids have any success at all.
As she pushes down on price, the metal just gets more scarce. That program just isn't going to work out long term.
I stopped letting these manipulated dives get to me. I just stick to my buying knowing they will go afoul in a few months time.
Yep. Looking for he stops under the lows. Couldn't manage to run 'em during regular session so they go for it after hours when the volume is low. Looks like another FAIL though. They want to run the stops before the launch through 1400.
Fascists and socialists hate gold because it exposes the fraudulent nature of their paper currencies!
Silver looking much stronger than gold today.
I understand that JPM are doing the Fed's bidding and short PMs to promote the colour of the USD. But the US has all the gold with 8,000 tons, or so (ok, this figure might be massaged without an audit...).
But the point is, why doesn't the US adopt a policy of long PMs? They don't have the manufacturing base or the bank balance anymore, but they are believed to have the majority of the gold. That "fact" could be used to stop the slow bleed away from dollar usage?
Very strange differgence between trading action in
palladium/platinum versus gold/silver.Smells like..............
Yeah, Palladium up 4% today, Platimum 2%. Everything is becoming more obvious.
I own some plat and palladium, maybe we should all switch? Let them crash silver to the floor while we pump and dump palladium, then switch back to silver once they've brought it down to 20.
If only we had the power she does....
Officially sanctioned crime? That's why they call it the "CRIMEX."
Palladium and Platinum up BIG last two days. Gold and silver? Not so much.
Gata: But China imported 5x more gold this year than last year,despite already being the biggest producer.
Also, 200+ fake ounces of gold turning up in Hong Kong retail outlets. Sophisticated fake gold, with a 6 metal alloy w/ osmium, iridium, etc. and 51% real gold bullion. No tungsten this time (yet).
Iridium, is not cheap at $500.00oz,but it's not Gold.
WOW, big story re fake gold in HK. Do you have a link?
Like some of you above, I am REAL HAPPY that Pt and Pd are up.
I was trying to figure out the why today... At first it seemed just technical, Silver cracked $29 at the high, but gold failed to crack the $1,400 level. OK, fine, pull back for another run...
Then it struck me, like a 100 oz bar falling on my foot. Tomorrow is the Jobs Number (Employment or Unemployment as the case may be....)!
And I remembered the Andrew Maguire statements by GATA's Adrian Douglas at the CFTC hearing, and the interview at King World News, and elsewhere.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_A...
Newly UE# UP, we're still in the 437k range.
yep, that explains todays action. gold should have easily broke 1400 and silver should have held 29 for longer .
very good grashopper...the same pattern over and over again...and look at what is happening n trading n Asia as we speak right now....Silver 28.82 Gold 1390.00
it is so obvious...this is why i know the CFTC despite Chilton aint gonna do a fucking thing...the bankers own all branches of the govt thus the regulatory agencies...
they will fail nontheless...
And yes, just as I and others were observing just 8 hours ago, gold and silver are "back" tonight to erase that little nasty bout of weakness prior to the close of the regular session. Again, this is classic bull market action for the metals. Best to all.
GG
Equity repos are usually between 2 and 7 days, which may explain the cycle of thrashing on the Dow.
Why get so worked up about the short term?
Doing so would seem to indicate that you don't have confidence in your
choice and are easily shaken out.
Seriously folks, .... if you believe in gold as a store of value then why
this public moaning session. It makes you seem like fair weather sailors.
As I see it, a dramatic quick rising of gold is a sign of a storm drawing near.
Better that gold meanders and farts around. For that means we get to live
on borrowed time a bit longer. A time when the dollar buys a heck of alot
of the worlds goods. A time of (don't laugh) relative stability.
The day your gold becomes 'priceless' is the day you'll need to quit work
and spent all day guarding your home and goods with a shotgun.
That will be on account of the dollar system imploding.
Long term that might be for the good,
but likey short-to-intermediate term it'll be chaos.
There's no 'good' way out of this mess.