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Gold And Silver "Paulson'd" Again?
Another day, another precious metals' dumpfest. Many have argued that this could not be a sophisticated hedge fund as they would surely 'trade' their position down, as opposed to hit the street with it all at once? Well, it appears whoever keeps doing this 'dumping' does not have the greatest price-sensitivity...
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Digital and paper dump equals buy physical opportunity.
Anyone notice the incredible blitz of centrally orchestrated news about the economy in the last week? CNBC, WSJ, FT etc. all have been hammering gold and championing the comeback of the economy. I always browse through these other sites to see what the illuminati are pushing on us.
Sure did .... knew this was coming - wall(street)paper is cheap to make... and to swap for real assets.
ooo yeah. it just started methinks
Corruption reigns in every aspect of the US economy, politics and authorities.
Is there anything that all that comes out of the US that isn't a lie of some sort? Is there an activity that isn't based on some form of systemic corruption?
Regulators who are meant to protect the system and prosecute wrong doers are in fact themselves more deeply corrupt than the systemic corruption they nurtured, develop then let run free.
We know that Banksters and all the friends of TPTB can commit any crime that they wish and with the backing of free Fed money, protection of a corrupt legal system and regulators and be bailed out in anycase if they stuff up too badly.
How long then before TPTB allow banksters to kill Americans in the street for economic reasons. It wont be long before Corporate murder of Americans will become a common practice, but with all the authorities and TPTB deliberately not noticing.
The corrruption in the stock market, gold, silver and everthing else that matters to them - is so blatant you would have to be a blind idiot to not accept it as a given.
When the criminals (and that is exactly what they are) own all the power of the USA there is no power to turn to for a return to normality.
These obvious and blatant corrupt manipulations of gold and silver prices are an example and so bad that it cannot be said the CFTC isn't aware of massive corruption going on, over a long period of time.
They know exactly what is going on, who is doing it and probably long before it happens.
I mean you have to thank god for China and the like as how absolutely corrupt would the US be.....
the only thing that will fix the US now is an asteroid strike, small pox like epidemic, nuclear war or a coup by the military...
and of course the begining of the destruction of a country always begins with corrupted politicians, who for money give over the keys to the country to their owners.
I'm so relaxed. I'm 100% hedged.
I guess this sell-off in Gold could have triggered by a Sharp rally in the Euro... It could be that some hedge might have been long bulion/short Euro... that is unwinding... in the process, stops were triggered for other kinds of specs too....
Total proof this is deliberate price rigging (aka manipulation), anyone doing this for profit or to retain what profit they have doesn't sell like this unless they're sons or daughters of chimpanzees.... and even chimps aren't that stupid to unload so much at once if profit is a motive. This is intentional downward pressure from 2 camps. 1: short sellers trying to cover and manipulating prices down shaking scared shitless comex longs... the usual fleecing babies. 2: Officialdom sensitive to money printing defending their paper currencies. There is no other.
Well, I think the have silver $2 under all in mining costs here. Gold probably has $50 profit left in it. This is why I don't like the miners.
and this is exactly why miners need to grow a pair and defend their shareholders by withholding gold from delivery to the exchanges. Refuse to play this game and take their marbles and go home. It's a tough business and management at these companies need to start demand a fair return on that labour by only selling for '00s higher than spot through direct purchases.
exc comment, but remember they are those 1 percenters.
where is your loyalty? that is the question-the enemy in sheepskin.
don't trust a ceo - sorry they hedged it along time ago...
Yeah, but get this. Asia is buying, the US suppresses the price, and Asia buys some more. At the end of it all, be prepared for the Asians to hold most of the PMs, and Barry, along with Congress whining and blaming China for financial terrorism because they will not sell it to us on the cheap. Effectively demanding that the Chinese act as stupid and shortsighted like the bunch we call bankers and regulators over here.
Priceless.
I agree..you will see the real metal leave the western world....and we will be left with just the paper play...and that will unwind when someone or country trys to take their gold home.....there will not be any...or it will be faked....then the fireworks will start
Wow, you Gold bugs are all clones. Were is it written ,how to take profits. I do it all the time, who cares where the price goes once I have my profits.Once that trade is done, on to the next one, wake up and get your head out of Kings world news, were everything is up,up,up and away. You people need to stop listening the Sinclair, who by the way owns a Gold mine but as long as he has you sheeple he'll keep getting richer,LOL.
You Gold bugs are truly fucking insane, go find another conspiracy. No wonder why the descent investor stays away from Gold, with Reps like you guys, who wants to be associated with NUTS.
You are not an "investor," you are a gambler. You are playing a game of beggar thy next purchaser. I do not have a problem with it, but let's call a spade a spade.
Now certainly there are some who look at gold, or pms in terms of their ticket to the glorius life.
Most just see it as the most logical protection of their accumulated capital.
pods
I feel just like Dan Aykroyd and Eddie Murphy in the final scene from 'Trading Places:'
Everyone is 'panic-selling' while Aykroyd stands placidly by, telling Murphy; "not yet..."
Finally, when the selling frenzy has reached it bottom, Aykroyd says: "buy 'em!" and they proceed to corner the market.
[I'm currently standing placidly by, watching the panic-selling, and waiting to "buy 'em!"...]
This was always confusing to me because when Mortimer says: "What the hell are they doing here?", Randolph says: "They're selling Mortimer!"
Fiat for PMs, Mmm Mmm Good!
Well jingle f*cking bells; didn't know the central planner crooks likes me so much they'd give me this epic dip just before Christmas.
Tx a bunch!
They did the same thing last year....TPTB cannot have PM´s haveing a great year.....it has to look bad so they can keep the "FAITH"
that's the fubar part: infinite fiat currency to buy the low SLV/GLD to dump later on. They can keep that up forever....or can't they?
hahaha.....Emeril Lagasse
Dats the kinda spice we like around the holidays
All the preparations for QE4 (unsterilized bond purchases)
Chinese are the paper sellers to get a better price for their physical they need to buy? Also, if you look at 24hr Gold, you'll notice strong correlations between Gold/Silver and Sterling/ Dollar on many days. So lotsa metal being used to hold currencies.
Gold stacking by the Chinese is definitely for the underpinning of the Yuan (see King World News), so that when TSHTF they'll have a currency that will still be able to purchase raw materials (unlike us in the West).
At least with these continued interventions, you don't have to worry about a paper bubble. These things are always skidding along at lows. It does make me worried about banking solvency if they can't shake anyone out.
Once again we see a world economy collapsing,printing cash for survival of the elites and the broken financial system gaining massive traction and the only logical counterparty with no debt attachment being tanked.So whoose side is going to be the victor ? well after 2,500 years of never loosing a game I will take Gold and Silver everytime.Whatever is going on its the ever faster growing implosion of the fiat financial system and the Desperation of TPTB is getting more and more tangible and driving the ultimate crack up.To see no true price discovery in physical metals shows we are into the endgame.Wherever I look I see stable physical price and less and less for sale.If we have 12 months of any fiat market functioning I will be surprised.
SALE! keep it goin till at least the cliff, need to be gettin more.
Bring Back the Free Markets. Not this FIXED casino that is left now.
Free Markets died 12 years ago, when CONgress passed the Commodities Futures Modernization Act of 2000 that gave legal standing to Credit Default SWAPs and birthed the horrors of never before known MBS, CDO, CLO fraud, aka OTC Derivatives.
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
Do you have conviction and are you Zen moutherfucker? Or are you in this game for the day to day. If the latter I suggest you prime your assole for whats coming up. It's going to get very ugly. But if you know that the beast thrashes most in it's final throes, then sit tight and enjoy the ride.
Lets see if I can put into words what I can say to others and understand it myself.
Three years ago I "Woke Up". I was of the understanding that whatever money as a business owner (a small one) I deposited at my bank Llyods TSB was held on account as a full deposit, no malarkey, nothing other than if I put in £100 pounds sterling that was what was meant to be there. I was unaware that the said bank could keep £10 quid on deposit and then lend the other £90 quid out to someone else, at interest. Now if this is the absolute simplest of terms possible why can a bank keep my hard earned money and lend it out at interest at the ratio of 10/1 and make money sitting in a nice comfy room at my fucking expense??
This was never explained to me till I hit 33 years of age. I have to graft a hard fucking manual job while some low life paper pusher takes my deposit, and lends out 90% of it and charge some other dupe interest? If I have this correct and in context it is no wonder we are swimming in debt. They never created the interest but play with hardworking normal folks initial deposit?
If this is not the most disgusting tale that can ever be told I dont know what is. And these fuckers cream us to death and say they are doing gods work?? History will paint a bleak picture of fractional reserve banking when enough dupes like me wake up the simple fact we have been "Had". And now we find out that 9/1 ratio is not even the basic sort, over here it is as much as 26/1 reserve to lend??????
This is all out war on the productive class folks. Lets see a fucking banker make something of real tangible value instead of living like a parasite on the backs of us all.
They don't lend out 90% of it. They can lend out multiples of cash deposits, because it (basically) all ends up back in the banking system...
The shocking thing is that with a (near-literal) licence to print money, they repeatedly mess up so badly they also need bailouts.
If 10% reserve is required, I would keep your 100 bucks (sorry, translating...) in my bank and then loan out a thousand!
I'm not a math guy, but isn't 1000 a lot more than 90?
And isn't 100 still 10% of 1000 ?
And if some 'regulator' objected, I would just put him on the payroll.
And if he objected *too* much, well that's why we have, um, retirement plans.
It's about time for you to emmigrate from England to the US. We need some more folks with brains over here.
Paper market fun and games, I hope silver drops some more, I want to accumulate some more!!!
We interrupt this panic-fest with a message directly from the Federal Reserve.
Gold vs S & p 500 in the twenty-first century:
http://research.stlouisfed.org/fred2/graph/?g=dWA
After you get done chuckling about how badly gold has kicked the living shit out of stocks since we decided slashing taxes during wartime was a good idea, notice this:
Gold rolls over BEFORE stocks get hammered.
Plan accordingly
There is wisdom in you words.
The plans have been implemented years ago.
Thanks, FRED!
The US dollar is undervalued against everything. Printing money is not so simple.
i might actually hit the coin shop if this keeps up..
Wow, you Gold bugs are all clones. Were is it written ,how to take profits. I do it all the time, who cares where the price goes once I have my profits.Once that trade is done, on to the next one, wake up and get your head out of Kings world news, were everything is up,up,up and away. You people need to stop listening the Sinclair, who by the way owns a Gold mine but as long as he has you sheeple he'll keep getting richer,LOL.
You Gold bugs are truly fucking insane, go find another conspiracy. No wonder why the decent investor stays away from Gold, with Reps like you guys, who wants to be associated with NUTS.
And you paper bugs are really fucking illiterate...
Where, in my post says I'm a paper bug????? You talk about literacy, how about comprehension, Doh?? Thank you for proving my point that, with Reps like you who needs enemies.
When you talk about "price" and "profit" in terms of paper money, you're definitely a paper bug.
(You'll get it later...)
This guy doesnt talk about ZIRP, money printing, debt, deficits, derivatives, etc...
No, it's all about crazy goldbugs giving bad advice in a 12 year bull market.
You comment reveals much about you. Descent?
You're either really stupid or a bad troll, and quite possibly both.
Another great example of the Gold bug community!!!! "You comment" should be "you're comment".
No, it should be "your" not "you're". You're wrong too.
Glad to see you fixed "descent" to "decent".
Good catch. You should be out on the streets fighting crime.
It should be, of course, "Your comment.." - anyway, I believe the original comment was a typo, not grammatical error.
I'm always interested in the contrarian view, but it loses any credibility, sadly, when riddled with grammatical errors.
See my reply to you above.
Easy big fella. If I weren't insane, I'd be crazy.
CFPGH Continues To Call The Gold Market Correctly
http://chartistfriendfrompittsburgh.blogspot.com/2012/12/cfpgh-continues...
Monday, took 1 of 2 Krugs from G'ville coins for $1748. They had some 1oz silver bars I passed on. Wednesday went back since silver dropped about .75 and all bars gone but 2 monsters of Maples in the case for $1.79 over. Got some and told them if gold went undr 1650 I'd be back for the Krug. Hope it's still there.
LOL, my stash looks totally unchanged!!!
Although I agree KWN is too 'up' most of the time and plenty of commentators appear to be talking their own book at times, nonetheless, the basic thrust is absolutely spot on. Fiat eventually becomes (next to) worthless and Precious Metals are manipulated to f**k. Real price discovery has to happen...eventually.
Chinese have more than enough paper Dollars with which to push down the paper price and then buy physical at the discount they've manufactured. It also suits any BIG player who's interest lies in buying to push down hard and buy the physical scraps that are available in a more piecemeal fashion, thus getting them the better price.
PLEASE SELL MORE GOLD AND SILVER!!
The price Gold and silver just has a touch of Tourettes Syndrome and certainly is NOTHING to be concerned about...
Paulson'd?
C'mon people.
Like he said, nobody, not even a margin clerk, dumps size onto a market the way it is consistently dumped on silver and gold comex "markets". The CFTC is protecting JPM who is acting as agent for the BIS, Fed, Exch Stab Fund and all the central banks in effect doing their damndest to convince the public their paper currency is money good. Central banks manipulate currencies every day but they announce such intentions. With silver and gold, the nemesis currencies, they just manipulate and deny. Only a fool still believes silver and gold comex prices represent a real market. Tyler, it's about time...
You know what I mean.
I suspect that if some were wanting to lock in some profits on gold and silver they would rather be doing it in December than in the new year. Tax motivated selling providing a buying opportunity?
Is the simplest explanation not the most likely (Occam's Razor 'n all that)?
Da Boys will bugger off to the Hamptons (or their country pile, here in the UK) tomorrow lunchtime, or even tonight if they can get everything squared away. So this is just the futures/options month-end beatdown one week early.
Simples !:O)
There's a surprising correlation between the appearance of that chart and the way my boat went down. Bit of a lull for a few minutes then, whooosh! Nothing for it, other than stand in the middle and salute then swim to shore. No idea where - just sand.
Somebody seriously wants to shake PM holders out of their positions.
Kinda' reminds me of Totenkopf guards using whips and German Shepards to herd everyone toward the gas chambers and crematoria.
I'll just keep stackin', thank you very much.
I was pummeled yesterday for suggesting that GLD would taste a lot better at 157 than 163. Who's going to give me the red triangle now?
I did because you said that on the 18th and today is the 20th. You didn't post yesterday.
Linen Unit
Lint Ennui
Deflation is picking up momentum.
Gold should continue to fall - next break is around 1630, followed by 1525.
http://bullandbearmash.com/chart/gold-falls-marginally-outlook-bearish/
This will not be a popular post. I'm heading to my bunker now.
The coming dip in prices is going to be the last chance to get into PMs before they skyrocket IMO
I heard that 9 times in the last 2 years ... it's getting stupidly repetitive and mostly boring.
The stupid seller is screwing all the people who said that QE3 would send gold up...
Good time to add.
So who decides whate the lease rate on silver.?
Looks like a good deal right now.
Lets all go lease some,kitco silver page shows the screaming deals on.
Paulson'd or not, today a primary bear market has been signaled today for gold and silver. Furthermore, it was silver's action the one that flashed the bear market signal.
Now the odds favor declining prices in the months ahead. Nothing is carved in stone, but lower prices are much more likely to occur.
Here you have the relevant chart and all the details about the primary bear market signal for gold and silver:
http://www.dowtheoryinvestment.com/2012/12/dow-theory-update-for-dec-20-...
oh oh
Hey where's the pumpers/?
Helllooooooooooooooo!!!!!
Tha stackers are stacking in a Dollar cost averaging downward cluster fuck
Nothing like a falling knife winning strategy. Do yoruself a favor and sit in cash till it's over..
The titans and whales are circling each other and since most of you are employee types with little cash, you best stand back and wait for the carcass pickings.
Martin Armstrong 2 years ago I think said Paulson was a mark for screwing over the banks in that 2007/ 2008 short.
They want him bad and this just proves it.
You can smell the carnage a la November 2008...
Gawd I love the smell of fear in the evening.
Oh look Planet Nabiru just went by