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James McShirley: There is no doubt the past month has been a pre-planned, coordinated attack on gold and silver.
Bill,
There is no doubt the past month has been a pre-planned, coordinated attack on gold and silver. It has been carpet bombed over and over, in a most conspicuous manner. There has been NO attempt to be discreet, and the algo bombs are little more than scheduled events for all to know. Anything that has a 90% chance of happening at specific times might as well be listed in the TV Guide programming. Since the CME curiously (at the time) lowered gold and silver margins gold has dropped $120, and silver $5. In light of the subsequent attacks that too looks very much coordinated. Think of it, since late October ALL of these have had a 90% and above chance of occurring:
* PM fix lower, or no higher than $5 than AM fix.
* Smash on the Comex open.
* Smash on the London close.
* Smash on the post-Comex pit close.
* Smash on the Comex access trade reopen.
If any one of these anomalies had a 90% probability of occurring it would be highly suspicious. The fact that is happening on FIVE different times during the trading day takes it to the level of absurd beyond belief. "Banging the close" looks quaint compared to "banging everything in sight". If the CFTC claims to be powerless to stop it they should at this point be calling the FBI. There have been investigations launched into far less suspicious trading. Even Enron never manipulated energy derivatives this blatantly. Anytime gold plummets on not one, not 2, but on 3 rapid-fire hyperinflationary events (QEinfinity, QE unlimited, and the fiscal cliff stalemate) it can only be manipulation. In fact gold is so badly manipulated I can't think of a single bullish development that would lift it. If the Treasury announced an instant 30% devaluation in the dollar they would still crush gold, saying it was less than the 50% devaluation pundits were expecting. THAT's how absurd it has become.
Something BIG surely must be coming to justify the ferocity of the cartel. We will wait and see, and wonder where they are getting the physical to pull this off. Non-physical gold investors may come to better understand the phrase "getting Corzined".
James McShirley
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Could the Phys Inventory be exhausted and this is a desperate effort to generate some. astonishing
The royal Canadian mint no longer sells bullion to retail.
well, silver might be in short supply but gullible silverbugz doomer goons waiting to become blowtorched bagholders are definitely NOT in short supply
What bag do you carry trav777?, some fixed income munis and agencies, what is wrong with you trav? I bet you would have been short munis back in 1981... No sense of proportion or history. Just because traders have been making money for 30 years with fixed income means that you should not recognize the absolute mistake of carrying fixed income.
As Jim Rogers put it, who famously was short Gold in 1981 and long munis then, he said recently if I were a fixed income manager I would quit. He is short treasuries and that is the best trade out there. I think you should quit fixed income trav777, quit and quickly, you are going to get burnt crisp.
THERE IS NO WAY 210 TRILLIONS OF DEBT WILL BE REPAID WITH MONEY GOOD. NO WAY, YOU KNOW IT AND YOU STILL GAMBLE....WAIT FOR AN ACCIDENT HAPPENING ON TREASURIES AND YOU ARE FRIED TRAV, EXCEPT IF YOU OWN YUAN FIXED INCOME WITH SHORT MATURITIES.
You remind me a of CDO trader who knew how bad the assets were but was trying to squeeze teh last trade...
travel right along now triple 7 thank you for sharing
Finger Man makes me laugh out loud. He's a sad little troll who only appears on gold-raid and silver-raid days, to try to pump up his flaccid little Schadenfreude by flatulating about "silverbugz" and "blowtorches".
Four dollars and 20 cents an ounce, Finger Man. That's where I started. It's just killing you that you missed the boat, isn't it?
What's really in ample supply is grumpy little trolls with no silver. Not even a filling.
!@# %^$#@!&*(( I knew i should have got silver fillings instead of the white stuff!
Anybody want to buy some white stuff?
The only "bagholder" in this room is Trav himself. Oh wait, that's not a bag he's holding as the price of silver climbs steadily higher on the long-term chart, that's his sack (such as it is --- thought it was just an acorn at first).
Why are you such an unpleasant fucking asshole Trav? vamoose said nothing to warrant your condescending and insulting comment.
Do you have anything positive to add to this discussion? I didn't think so. You never do.
The middle finger says it all.
tks bayster
Was over at Tulving...have NEVER seen them sold out like they are now. Someone must be backing up some pretty big trucks.
when they can't manipulate it any longer, i fear they will outlaw/confiscate it. they can't let the little guy win.
They had better outlaw guns before they outlaw gold, or they will get a big surprise.
You might have happened upon the plan there HB.
Ref: "You might have happened upon the plan there HB."
Up arrow does not work sometimes, figure that. So +100 for you dexter_morgan.
Kill a bunch of innocent people to falsely justify making private gun ownership illegal, then once they have our guns, then they are free to take our gold and silver, and liberty, and whatever else they want.
Now that we know their plan, we know how to stop them.
Joe Biden's on that.
I know. Joe is gonna take care of it.
Is he even sure what day it is, what who he is?
What a fucking joke this country has become. THEY are supposed to be smarter than us.
I am Joe's Empty Cranium.
He does have nice dental work on our dime.
It's a FED mandate to manipulate Gold and Silver:
see http://rt.com/programs/capital-account/murphy-chris-gold-market
in thin air is
it's all paper trading w/o phyz being delivered. for as long as the gullible dont take possession, paper gold/silver will go lower and lower until there is not one oz to deliver; and then, only then the price of phyz will explode
Paper gold and paper silver are trying to achieve their actual value right now. But if they make it all the way to zero, there won't be any real silver or gold to buy anyway.
I have no debt. My hands are strong. I could care less about these raids. I will buy incrimentaly into 2013 at under $30. No worries. Silver went from $9 to $50 in what? 2 years? It's going to do what it's going to do.
This is boring. Let's talk about trees. Let's talk about my favorite trees:
Silver beeches.
lol!
I prefer:
the Gold, Birch!
One of my favorite plants is the Silver Queen fern. : )
nah
just John Paulson forced selling of all the gold that has entered the market in the last few years
because he had to because he got a margin call...or hey you fill in the blank...it is just propaganda
It helps to keep the muppets befuddled
It's no wonder CB's load up when the price drops such as Korea adding over 16 tons of the yellow metal recently. What's up their sleeves?
The CFTC is busy looking into Martha Stewart's suspicious gold napkin holder dump.
"The stated mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets."
The bitch is toast.
Bart Chilton will be on this I promise. He's just getting his mullet trimmed. Give him a year or two, you'll see.
yup he will take them down like a new brides jammies sorta disingenuously handsome though.
Uh, it shouldn't be too difficult to make money on something that supposedly has a 90% chance of happening. But instead the consensus here is to continue doing the opposite even more furiously.
Unfortunately when that 10% event happens (NB you're soaking in it *paper*) and you don't have insurance...
FWIW don't put 100% of your assets in PM's go 10% to 25% as conservative to moderate, keep cash in bank and on hand. This is not a game for most people who are just gadget peasants with debt servitude futures.
On averages likely you and I :)
Who cares? Consider metals on pre-Christmas sale!! Hopefully the after Christmas sale will be even better!!
Same script as last December, just be thankful and buy. If you can, all the online coin stores in the UK are pretty much wiped out of gold and silver. Could probably sell you some paper derivatives from the IZAL gold trust though.
Silver bitchez! keep stacking at a discount. This discount of physical is the unintended consequence of paper manipulation.
I love this unintended consequence!
I don't know why everyone assumes these consequences are unintended -- perhaps a deal has been made to insure that those countries who are relatively gold-poor compared to the west (China, and the rest of the developing world except for India) have a chance to build up their stocks of physical at conveniently supressed prices. Perhaps TPTB have decided that this is a preferable alternative to WWIII.
So do the Chinese.
So does Goldman Sachs
but for them it's not unintended
"Something BIG surely must be coming to justify the ferocity of the cartel."
I've been waiting all day for a reason to use that sentence. Damn.
these articles are such retarded shit. this happens every year. people buy throughout the year, paper contracts, and instead of taking delivery; sell those contracts at the end of the year.
it's like clock work.
if you don't believe me; look at the charts from the years before.
No, it hasn't happened every year. In 2007 gold ended the year at $836, near its yearly high. 2008 late Oct gold was $692 (the low) and finished the year at $865. In 2009, mid Nov gold was $1104, ended the year at $1104. In 2010, gold finished at $1410, near the year high.
Quit spewing disinformation and nonsense.
EDIT: Just checked 2005 and 2006 too. It didn't happen then either. WTF is lemon talking about?
meringue bay:)
Jesse has the charts from last year posted.
yeah, and last year it was crushed to 1590 on december 31st.
Wrong again. Ended the year at 1574.50 on the 30th (31st was a sat). And up from the $1531 low on the 29th.
Maybe check the facts next time before posting?
yeah, from a high of 1900. You should know I stack gold, and for me; this is christmas time. I will buy a shit load of physical at the end of the year; unless we go off the cliff, then i'll wait longer.