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Wait, if the banks are naked *shorting* gold, then they also are providing the *bid* too? And when they pull their own bid (presumably when they short, they sell to their own bid??) the price falls??
my friend, people like me and you provide the bid. the banksters naked sell short tranches of gold futures to wipe everyone out, start margin calls, and get everyone else to sell.
Failure To Deliver.
Easy to naked short if you never deliver, aka the 1 way transaction!
The SLV ETF just ran into massive resistance at $30.
Haha they wanna act like SLV is what matters.
yeah was watching this go down..
a temporary hickup on the road to currency debasement. the banksters are trying to milk every last troy ounce of value from their precious fiat currencies.
wait til asian buyers swoop in on the PM fix.
just waited for it to happen. So predictable. It will get whacked again in about 2 hours unless we see strong dip buying............
The Monkeys pulled this same shit yesterday. Crude rolled over and they sat tight for a few minutes and then BAMM. Hit gold and see if they can get the ball started rollin to the downside. Didn't work yesterday. Won't work today.
Feb11 gold is already $4 off its lows at 1420. Too much momentum, too strong of dip-buying by the BoS and too much POMO ($8B today). All commods will grind higher from here today. Gold will be back pushing 1430 by this afternoon.
Btw, all that really matters today would be a close above the old all-time high from 4 weeks ago today. That number to watch is $1426.
First of all, big bird wants her hat back.
Btw, all that really matters today would be a close above the old all-time high from 4 weeks ago today..
Secondly, that statement seems very arbitrary and indicative of someone who trades on charts, and charts only. Since you are a chart specialist, can you tell me the difference between the oil charts of 07/08, and the gold/silver charts today? If memory serves correct, those oil charts were useful...until they weren't.
Big bird is a boy.
only in your pornos.
RNR: I'm not sure why you think I should waste my time responding to you.
because I can make you a better person (and trader).
"Feb11 gold is already $4 off its lows at 1420. Too much momentum, too strong of dip-buying by the BoS and too much POMO ($8B today). All commods will grind higher from here today. Gold will be back pushing 1430 by this afternoon."
Well, shit, this was no good.
Still, 1410 and 29.90 look pretty good on the tape compared to two or three weeks ago.
Yeah, so it'll go down unless it goes up.
Just buy the f'ing dip, like China.
Oil got whacked too. Ponzi maintenance.
Somebody must want to make a big buy and needed the price to come down. Either that or margins went up and no one was notified.
here we go ............!
I suspect prices will start heading upwards again very shortly after the London PM fix is complete in 15-30 minutes.
Still not clear on this... where are these concentrated shorts and takedowns taking place? In London or on US exchanges?
The same organisations operate in both markets.
Here's some clarity:
It's called, betting the devil your head.
This will end in tears. Reminds me of oil in the summer of 2007.
Not if you bought @$650. Most gold bugs bought a long time ago. Only you late to the party might end in tears.
The oil and gold analogy is quite ignorant of you.
Hey Red neck, your analogy to oil is lame. Oil is a commodity but it is not money. Gold and silver are money and always have been. Pretty sure Blackbeard didn't bury a treasure chest of oil.
I wasn't referring to their utility.
he may have a point.......revolving credit contracted another 8 something billion.....we're still deflating. all of the "inflation" from qe isn't leaving the banking system.....the fed, PD, treas circle jerk is still in full swing.
its such bullshit...it runs contray to the fundamentals of the metals and the fraudulent equity markets but nontheless continues...the only solice is the knowledge that it has nothing to do with the real value of the only forms of real money...be glad when this fake ass show is over...like very soon that is.........
I SURE will be glad when the fakeass show is over and I hope its soon because its making me physically ill.
honestly i dont get ill...it makes me want to go down to the financial district and wait for a banker to walk out and then hit him over the head with a sock full of rounds...
Let's go to the CFTC and give them a pound of their flesh!
man the CFTC is bought and paid for....Chilton knows damn well them folks aint gonna do a damn thang which is why he's doin what he's doin - running his fucking mouth...he could blow the whole operation if he just stepped aside and instead of blowing smoke up all our asses just blew the fucking whistle on the fraud and manipulation...he just wants his job...the citizens be damned.....
10-year @ 3.05, up .13 on the day.
Where is the CFTC?
They bought physical copper to back a copper ETF. Planned release of this product (ETF) is early 2011...
perhaps. it is possible to have more than one motivation / reason for making such a move however. just saying.
Have no fear. I'm sure Bart Chilton is shaking his fist in the air at this very moment.
Gold has had a huge run already.
It is about time for a correction.
RobotTrader has had a huge run already. It's about time for a correction.
I disagree Robo.
We corrected almost 7% three weeks ago and we are just now approaching the highs of 11/9. The next sustained "correction" won't de due for another $75 or so.
Its getting monkeyhammered.
Imaginary equities have had a huge run already, long over due for a massive correction.
Robot, stocks are about time for a correction. I bet you gold will hold up better in a downdraft. But you don't have to worry, soon Cramer will be saying Dow 14k.
Dips make me happy. Goes up we win, gets cheaper we win.
I dont see the problem.
The problem is for some people having their stops taken out during this fade because they don't know where to properly place them.
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