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YOU CAN’T MAKE THIS UP!

lemetropole's picture




 

The Gold Anti-Trust Action Committee has held four international gold conferences to expose the manipulation of the gold and silver markets. The last one was held in August 2011 at The Savoy Hotel in London. A number of the speakers presented evidence of exactly what The Gold Cartel does to manipulate the markets.

One of the speakers was James McShirley who has documented numerous repetitive market activities which could never occur time and time again in a freely traded market. Just this past week gold completed its 2% up, 1% up, sideways, down hard pattern, which is only one of many trading anomalies James has tracked.

 

On Thursday he contributed the following to my daily PM markets commentary:

Divining... with 80% guidance

Bill,

Reading the cartel tea leaves, and divining the near-future as it relates to 80% probabilities leads us to the following:

  1. If gold recovers mildly tomorrow the rally will stop somewhere around $1,606.50, which is +1% of the (unofficial) Comex pit close.

  2. If gold recovers nicely tomorrow the rally will stop somewhere around $1,622.40, which is +2% of the (unofficial) Comex pit close.

  3. If they pressure gold in the access trade today the employment report tomorrow will be gold-friendly.

  4. If they also pressure gold tomorrow the employment report will be very gold-friendly.

  5. Regardless of the outcome gold has the best chance of rising from the Friday PM fix to the Monday AM fix.

Who needs Carnac the Magnificent when you have a totally manipulated, and likely predetermined outcome?

 

 

"May the fleas of a thousand camels nest in the cartel's shorts".

This latest cartel operation is feeling more and more like smoke and mirrors. The relentless attacks have a smell of desperation. It feels like they're firing all of their pea shooters at once hoping to stop a charging rhinoceros Maybe like the newly "discovered" WH covert ops in Syria there is also a heightened covert state of aggression towards gold. Keeping gold contained until November might be EVERYTHING

This is what he wrote today after The Gold Cartel’s 1% Rule was initiated despite the DOW, oil, and the euro soaring…

 

Winning predertermined outcome was....

 

Bill,

In the category of the "80% probability rule" the winning predetermined cartel outcome was, drum roll, : Both "A". and "E". Gold recovered mildly, and was capped at 1%, and also rises immediately after the PM fix. As most here remember reading yesterday I wrote:

Reading the cartel tea leaves, and divining the near-future as it relates to 80% probabilities leads us to the following:

A. If gold recovers mildly tomorrow the rally will stop somewhere around $1,606.50, which is +1% of the (unofficial) Comex pit close.

B. If gold recovers nicely tomorrow the rally will stop somewhere around $1,622.40, which is +2% of the (unofficial) Comex pit close.

C. If they pressure gold in the access trade today the employment report tomorrow will be gold-friendly.

D. If they also pressure gold tomorrow the employment report will be very gold-friendly.

E. Regardless of the outcome gold has the best chance of rising from the Friday PM fix to the Monday AM fix.

The high tick today up until the London PM fix was $1,606.80, which adjusting for yesterday's official Comex pit close was to the exact tick what I predicted. Gold then surged $12 after the PM fix to briefly trade slightly above +1%, but quickly fell back into the +1% rut. There can be no earthly reason for such uncanny predictions that happen with such regularity other than official, or coordinated price capping. This goes SO beyond the realm of even standard deviations. It would be impossible to claim profit as a motive when normal markets would kick anybody's ass that attempted such stupidity. The only answer lies in the deep pockets of a surreptitious cartel bent on illegally manipulating gold to serve their MOPE interests.

Signing off here at 12:00 EST with gold dead in the water at $1,606.80, or +1.00%. Nothing to see here. Everybody go home for the weekend and watch Olympic athletes get fake-gold medals. Even the best athletes in the world get swindled when it comes to owning gold.

http://chemistry.about.com/od/metalsalloys/f/what_are_olympic_medals_made_of.htm

James Mc

 

And yes, gold finished up 1% on the Comex.

 

YEP, you can’t make it up!

 

right now.
James Mc

 

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Sun, 08/05/2012 - 14:32 | 2679834 Silvertrader
Silvertrader's picture

I love to trade silver and gold with cfd's. It pays off to be in precious metals with leverage. online in zilver handelen, as we say in Dutch

Fri, 08/03/2012 - 20:40 | 2677285 spanish inquisition
spanish inquisition's picture

"And don't call me McShirley!"

Fri, 08/03/2012 - 20:48 | 2677299 AldousHuxley
AldousHuxley's picture
you can't make this stuff up either....see it to believe it Ronald Reagan Dedicates Space Shuttle Columbia To The Taliban

 


http://www.youtube.com/watch?v=UoppuJOJw1Q

 

American President Ronald Regan Meeting Taliban.

http://www.youtube.com/watch?v=sQKoyJ8KRh4

Fri, 08/03/2012 - 20:40 | 2677283 XtraBullish
XtraBullish's picture

Bill Murphy is a GREAT guy and a true patriot.

Fri, 08/03/2012 - 20:24 | 2677259 Coldfire
Coldfire's picture

Yes, the gold market is manipulated. Down. But what's not to like? The last ten years have been the opportunity of a lifetime to scoop up the only real once and future money. Looks like the blue light special is continuing. Just avoid leverage (and more than minimal exposure to intermediaries), take delivery and sleep well, knowing what can't go on forever will end. History repeats. Research the London Gold Pool. Gold owners are sitting pretty. Patience, boys. Patience.

Fri, 08/03/2012 - 19:46 | 2677213 Yellowhoard
Yellowhoard's picture

They'll manipulate until they can't.

Then they'll legislate.

You're not a patriot if you own any form of gold.

Fri, 08/03/2012 - 19:26 | 2677186 Poor Grogman
Poor Grogman's picture

The complaints will increase somewhat when the gold runs out..

 

Till then enjoy the bargains.

Fri, 08/03/2012 - 19:43 | 2677209 AldousHuxley
AldousHuxley's picture

little late to the party huh?

 

everyone at ZH already knows market is manipulated. gold, silver, libor, QE, bond buying, whatever central bankers want, they will make it happen. that's the whole point of getting rid of the oligarchy...it is not merit based. it is someone letting you have it.

Fri, 08/03/2012 - 23:35 | 2677503 Poor Grogman
Poor Grogman's picture

And your point?

Fri, 08/03/2012 - 19:22 | 2677175 RobotTrader
RobotTrader's picture

Wow, I haven't read lemetropole in a long time.

 

I see the same whiners are still hanging around.

After the outright decimation of this sector, I'm amazed any of those guys are still around.

I would have moved on to another sector a long time ago, principally a sector which was Fed-sponsored and TPTB-supported where the wind was at my back and not blowing in front of me like a typhoon.

Fri, 08/03/2012 - 20:53 | 2677305 CCanuck
CCanuck's picture

I always thought you liked the TPTB winds blown up your backside, never had them blowing the front, I guess.

Robo, as a muppet you are always the catcher, just say'n.

 

Fri, 08/03/2012 - 19:30 | 2677193 Poor Grogman
Poor Grogman's picture

I could make a comment about taking it from behind while being Fed-sponsored and TPTB-supported.

but I wouldnt do that...

 

Fri, 08/03/2012 - 19:19 | 2677146 Hugh_Jorgan
Hugh_Jorgan's picture

NY Market closed at $1604.60 (up 0.96%), strangely enough.

Fri, 08/03/2012 - 18:18 | 2677014 LoneStarHog
LoneStarHog's picture

Thank you, ZeroHedge, for finally posting some REAL gold commentary, instead of that daily drivel from GoldCrap!

Fri, 08/03/2012 - 18:03 | 2676981 Flying Wombat
Flying Wombat's picture

It's good to see ZeroHedge posting stuff from the GATA camp.  I look forward to you continuing such coverage.  Many people have a mental problem with even looking at evidence of precious metals market manipulation.  At this point, the evidence accumulated by GATA is massive, including outright admissions by high level stewards of central banks around the world.

Fri, 08/03/2012 - 17:20 | 2676885 adr
adr's picture

I'm sure you can find the exact movements in certian stocks as well. The timing of moves has always been very suspect with highs being hit almost to the minute every day with short pullbacks.

It doesn't make any sense to me why a stock hitting a certain point at 10:30am on any given day should send a signal to buy or sell.

The chart for Facebook was insane today.

Fri, 08/03/2012 - 17:16 | 2676878 Hugh_Jorgan
Hugh_Jorgan's picture

Nice. I'm glad someone has stripped away the facade from part of the madness.

Fri, 08/03/2012 - 17:12 | 2676866 saturn
saturn's picture

Don't tell the SEC!

Fri, 08/03/2012 - 20:00 | 2677231 DavosSherman
DavosSherman's picture

Hysterical: If those fucking perv attornies aren't watching porn they're trading with these clowns.

Fri, 08/03/2012 - 17:02 | 2676846 DavosSherman
DavosSherman's picture

Trade with the cunts.

Fri, 08/03/2012 - 16:40 | 2676799 DavidPierre
DavidPierre's picture

Bill Holtero, well know in precious metals and an expert and finding safety from the approaching financial storm.  He believes that the Fed and the Treasury are becoming less relevant by the moment. Together they've spent over $20 trillion trying to get the US and the World out of the current economic depression. And it's all been to no avail. The economy is getting worse, unemployment is up, so is foodstamp use and the list goes on and on. At some point we get to end game, and that's not too far away.

http://kerrylutz.libsyn.com/webpage/bill-holter-the-federal-reserve-is-b...

 

Fri, 08/03/2012 - 16:14 | 2676742 Ludwig
Ludwig's picture

Well, somebody wanted to be long gold MINERS going into the weekend.  Amazing chart:

http://wp.me/p2CT0a-1z

Fri, 08/03/2012 - 21:17 | 2677341 Al Huxley
Al Huxley's picture

Thanks for posting the one minute chart - I was watching the price for the last half hour and saw it happening, but seeing the chart adds a lot.  Might be interesting next week.

Fri, 08/03/2012 - 17:21 | 2676888 billwilson
billwilson's picture

AND ... someone wanted to run the stops from 3:40-3:50. Pretty amazing to watch. All fo a sudden all the major miners get pounded for 10 minutes, down to the lows of the day in some cases and then miraculously recover most of the losses in 5 minutes.  Either weird algo goes beserk ... or this was stop clearing before a major move next week.

Fri, 08/03/2012 - 18:02 | 2676978 hyper-critical
hyper-critical's picture

Or it's Knight et al cleaning up their mess from Wednesday. The miners were one of the largest groups affected. Look at the intraday volume chart on Kinross, for example....crazy.

Fri, 08/03/2012 - 16:14 | 2676741 FieldingMellish
FieldingMellish's picture

Quality. If this can be honed a bit more into a science we can all front run the cartel. Financial crisis over (at least for us).

Fri, 08/03/2012 - 17:46 | 2676926 El Oregonian
El Oregonian's picture
Must be part of the 1%'ers.
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