Gold & Silver Plunge Deja Deja Deja Vu

Tyler Durden's picture

Whether it is leveraged AAPL traders forced to sell winning collateral to meet margin calls, correlation-driven algos running stops down and up, or simply the whims of worried custodians managing risk for their clients' holdings; one thing is sure - someone (or more than one) has been a size seller of precious metals in the US-day-session-open to Europe-close period for four days in a row now...



Charts: Bloomberg

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Bay of Pigs's picture

It almost looks like a pattern?

nope-1004's picture

Real money under attack, yet fiat allowed to multiply.  Gov't ruled by pigs.




Thomas's picture

You might be wrong but you would not be considered imbalanced if you believed that somebody was intentionally monkey hammering the metals.


As an aside, BTFD.

Manthong's picture

They can sell all the size in confetti paper that they want.

The day will come when those that trade paper will get pallet loads of it when they try to stand for delivery of the metal that does not exist to cover to the Super Post Panamax boatloads of paper..

BaBaBouy's picture

One Word ...


M A N I P U F U C K I N G L A T I O N ...

tocointhephrase's picture

Like MDB was saying yesterday



Kick_the_Kan's picture

Those fraudsters ruling the gold and silver exchanges are playing directly into the hand of buy the dip eastern buyers. It's getting to the point where they don't even seem to care.....fleece the long specs and keep the gold and silver price under control at all cost.....not alone is it blatant fraud, it is also treachery as there will come a day when the Chinese will make known that they have drained the west of physical gold and silver...then us in the west will be in worse shit then we are now. Everything to protect the mighty fiat dolla. rWell done the bullion banks, backed by the western central banks. May as well just hand over the deeds of the property to the Chinese. While it has allowed people like myself to accumulate cheap metal it is getting fuckin ridiculous at this stage.

Stuart's picture

what? R U suggesting a conspiracy??  those aren't real, at least that's what they said on CNBC.......  BEFORE LIBORGATE!   But nooooo,,... they never take place in the precious metals markets.   

TheCanadianAustrian's picture

Just placed an order for $4k worth of gold, silver, and platinum maple leafs today.

Big Slick's picture

Pretty!  Especially the leaf side.

GubbermintWorker's picture

And the vast majority of fiat, over 95%, is in digital form! They don't even use paper any longer!

TeamDepends's picture

Shhhhhhh....  quiet.  The masses are sleeping.

knukles's picture

Mayhaps one of the bullion banks?
On behalf of some desirous to remain unknown anonymous major non commercial interest with a somewhat politically motivated interest in perceptions management to ensure that no further alarm bells begin shrieking too loudly "As the World Turns" to poop?


all coincidence....

back to work slaves...

disabledvet's picture

There's a lot of...ahem..."productive capacity" Europe and Japan. God I love of a gold standard...and God help me but it does appear we have some derivation there of insofar as the Dollar Bloc goes.

kliguy38's picture

Yes it is.....and I want to take this time to thank uncle Cartel for giving me an extra year to accumulate physical.......once again thank you boyz

TheAntiBen's picture

This years winner for "Most helpful US business to US consumers" is..... (drum roll) JPMorgan!!!! for manipulting the markets long enough to [still] allow US consumers to stack physical PM's at a fraction of where they should be.


And this years winner for "Most hurtful US business to US consumers" is..... (drum roll) JPMorgan!!!! for manipulting the markets long enough to allow eastern countries to take all our PM's from our vault's, thereby crashing our economy, or at the least, making our life that much worse when it does happen since the US will be broke...


Congrat's JPMorgan, you've done it again, a WIN in two major categories...



Sunshine n Lollipops's picture

You're crazy, Bay. Or maybe not.......

unwashedmass's picture


SOMEONE?  i mean, come on. we all know who...we all know why. December should be sumpin else again. 

camaro68ss's picture

get it as its cheap

hedgeless_horseman's picture



That is what Michael Dell said.

Down 41% over last 6 months.

Madcow's picture

i don't buy the gold price conspiracy stuff.

if the money stock is simply evaporating, then it makes sense that ALL assets will collapse - 

if we can assume that governemnts will stop spending money to reflect the new reality of deflationary collapse - then there's no reason gold should not fall back to $500.

Aziz's picture

"if we can assume that governemnts will stop spending money"

Why the hell would you want to assume that? 

flacon's picture

There is a fine line between zero and infinity. Gold is currently trading at ZERO denominated in ZIMBABWE DOLLARS. It might happen in USA too. 

tocointhephrase's picture

And that day cant come too soon

Big Slick's picture

"There is a fine line between zero and infinity."  I have a headache.  Your profundity is making it worse.  :)

fuu's picture

"if we can assume that governemnts will stop spending money to reflect the new reality of deflationary collapse "



 Ben monetized $3,060,000 since you posted that happy horse shit.

robertocarlos's picture

What is he doing with it as in that same time period the value of all US housing assets has dropped $4 billion. Your Twinkie factory is worth much much less too. Not to mention any labourer is worth less every single day.

fuu's picture

None of that stops the spending.

GubbermintWorker's picture

Assume that goverments stop spending money? Benny won't let that happen!  I really see the effects that madcow disease has on thinking ability.

Overfed's picture

Governments not spending money.....sure; right after the monkeys start flying out of my butt!!! LOL!!!! ROFLAMO!!!!!!!

Northeaster's picture

"if the money stock is simply evaporating"

I am by no means an expert in all things finance, and I'm aware FRED data did away with M3, but how does this chart show "money stock" evaporating?

While not heavily weighted in PM ownership (physical), I do have it as a portion of my portfolio. I won't sell it, so even if everything turns out well, I just will it to my kids, no big deal, PM's will always have value, regardless of price movement.

I also don't believe our government will do anything significant about the debt/spending. However, I think they can play this game far longer than people realize, but at a tremendous cost.

Or, I have just been trolled.

chubbar's picture

Don't put it into your will. Just leave them a note telling them where it is buried. It's none of Uncle Sams business.

Silver Garbage Man's picture

The only people selling PHYSICAL METAL are people desperate for cash or people who have no idea why they had the metal in the first place.
The day before the election the Dow was worth 420 ounces of silver, today it is worth 388 ounces. That trend will continue.

Harbanger's picture

SLV and GLD ETFs are being sold to cover losses in the market.  That's good news for buyers of physical.

klockwerks's picture

Man madcow, I hope your right and that would be cheap enough for me to jump and buy instead of just silver

TWSceptic's picture

let's just say you picked the correct nickname

VonManstein's picture

All is well BTFD!

a reversal should be here shorlty. Charts look strong to me and Tech support is remaining support. gold has a $70 IHS Right shoulder being filled in now (if your into that sort of thing)

urbanelf's picture

Fucking reptoids.

knukles's picture

Annanuki Reptiods...
As was foretold on the Sumerian Tablets as decoded by Zachary Shitchins and properly elucidated upon by David Icke.

(to sarc or not to sarc, that is the question, whether is nobler.....)

Nobody For President's picture

Oh just stop it Knucks, or arrows and slings will be flung at you.

knukles's picture

Took me quite a pause to get it....


robertocarlos's picture

I understand we were genetically engineered and placed on this planet to mine gold for them.

knukles's picture

Therefore by pure Syllogistic Logic (derived from the Knukleodian term, "Silly", as in if A=B and B=C the A=C and whateverthefuck you want to have happen, happens) then we're here to mine gold for the Central Bankers!

Cognitive Dissonance's picture

Taking profits, risk off, fear......whatever plausible excuse they want to use in order to control paper fiat's Kryptonite.

pods's picture

I guess they flash-sold PMs and bought FB stock?

Somebody pinch me, please.