Post-Close Algo Acrobatics Send Gold Sliding, Spiking

Tyler Durden's picture

UPDATE: As if by magic, the 'spike' lower has been fully retraced with a 'spike' higher. Of course, in the preceding sentence one should replace "magic" with a selling algo suddenly taking out the bid stack simple because it is programmed to do so, only for another algo to step in and try to make the entire move less obvious, in the process showing just how much of a farce price discovery in paper gold has become...

With markets quiet, what better time than now to smash the 'price' of spot gold lower than the moment US futures close and all that is left are a few Spot FX traders. Of course this makes perfect sense for any 'rational' bullion seller looking to unwind a position (or even a short looking to set out a decent trade) - wait until there is no liquidity so that your price action culls the order book and leaves you with anything but 'best execution' - but then again, when you don't have to worry about MtM, that doesn't matter. It seems that while the volume cat's away, the gold manipulators will play...




Charts: Bloomberg

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longwind's picture

Wheeee! (Is it true goldbugs have more fun?)

THX 1178's picture

The blonde metal has been known to grease a few palms.

Big Slick's picture

I liken being a gold-bug to being a Christian. 

If & when you are proven right, paradise awaits.  In the meantime, you really don’t mind practicing the activity because you have steadfast faith in your belief AND derive a tremendous amount of pleasure from it. 

My atheist friends think they get to me by deriding my religion.  To the contrary, much like I imagine the gold doomers in the media or markets think they get to us through their continual derision and worse, dumping, of gold, their efforts are futile and actually quite amusing.

In the end, if I’m wrong, big deal…

In the Christian metaphor I’m worm food anyway…

In the gold-bug metaphor, everything works out and I just own a lot of gold while I participate in an economy that hums along.

Happily stacking & praying the Our Father…


Our Father who is in heaven

Hallowed be thy name

Thy kingdom come

Thy will be done

On earth as it is in heaven

Give us this day our daily bread

And forgive our sins

As we forgive those who sin against us

And lead us not into temptation

But deliver us from evil



DoChenRollingBearing's picture

This Rolling Bearing feels the same way, + infinity.

RockyRacoon's picture

When all the smoke clears it will be said, "Who could have seen this coming?!"

Well, the list is long, that's who.   Wake up, CFTC, and the rest of you so-called regulators.

If this were going on with a popular stock, the SEC would be all over it -- not because they are known for doing the right thing, but because somebody more "important" than Ted Butler would be screaming about it.

It sucks to be wrangled around like this with nobody in charge taking charge.

But since nobody goes to jail for outright theft and manipulation any more.... who cares?

Hell, they don't even lose their jobs!

Al Gorerhythm's picture

But since nobody goes to jail for outright theft and manipulation any more.... who cares?

Hell, they don't even lose their jobs!

The apologists are painting the meme that the heads of government and their departmental managers are not responsible for the actions of their underlings. Joe the janitor will be ultimately held responsible for the illegalities of the Department of Defence's loss of the $2.5 Trillion that Cheny couldn't trace. Sally the tea lady will be held responsible for the Attorney General's signing off on the AP wire taps. Acording to the guy above on FOX News, Eric can't be held responsible for the criminality of the department he oversees, because he is just the Robo-signing figurehead of his minion run department. Hell, is he even a lawyer?

There are no directives from above; the staff just come up with bat shit crazy policy and he just has to place his signature on them. If that's all that the Washington honchos do, then, what's the point of office? Sack them all so that we can point the finger at someone. Watch your back, Sally.

AmCockerSpaniel's picture

TPTB can not own you if you own gold. Happiness is just a state of mind, and we all have long term control over our own minds (but only if we will it). When others use words to change your mind set, you can take comfort that it is they, and not you, that have lost control of their minds.

ZerOhead's picture

Son... Christianity was created (then marketed and legally enforced by Consantine I et al. through to the numerous papacies) to train you to turn the other cheek and peaceably and politely take it up the wazoo hole.

Kindly continue to "render unto Caesar what is Caesar's and unto the priest's what is your G-d's" all that which used to be YOURS... good sheep that you no doubt are. (and I'm sure you're probably a decent bloke at that!... :)

And just like with the Federal Reserve and TPTB you'll get your reward after you're dead Kid.

In the meantime they've got this ginormous shitshow podged together with duct tape and bailing wire and it's beginning to show some cracks...

joak's picture

Well Son... In Christianity, lending with interest was a sin, same in Kuran (search on riba). Actually, only judaism highly encouraged usury, which explains why so many bankers are from the Jewish community. It changed with the Protestants... So if Christianity wisdom would still be in force today, I don't think this website would exist. If interest would be illegal, I don't see why CDS, derivatives, etc would be legal. I don't know if God exists, I know the Pope is not the living rep of God, but if Christian moral code would be applied today... Wall Street and the City would not exist. Amen.

ZerOhead's picture

Ponder this...

Christians ARE Jews in the sense that Jesus never refuted the words of the God of the 'Old Testament' while he was alive. They are just cursed with a Social Conscience that Jesus instilled in his teachings that makes it tougher to make a buck off of people and feel good about it.

Then there is that whole bogus thing about the lineage of the 'Family of King David' thing which never really existed (no archeological evidensce for it anyway)... I mean 700 wives and 300 concubines? WTF is with that? the entire cowtown of Jerusalem had only 1,000 inhabitants in 1,000 B.C.

And EXODUS? Give me a fucking break... 600,000 male Jews left Egypt (Around 2,000,000 total with wives, families & slaves etc.) while the population of Egypt was around 4 million at the time and NOT a word about it in the historical Egyptian texts even though the Egyptian written records go back almost 2,000 years before the supposed time of Abraham and his sister spouse Sarah if they existed at all...

Don't get me started... I am a FORMER and still recovering Christian nutjob...

Hulk's picture

700 wives !!! Thats 2 anniversaries and 2 birthdays a day. Fuck that shit !!!

ZerOhead's picture

Don't forget the concubines either... they can really make life hell for you...

  1 Kings 11:1-3

New International Version (NIV)

Solomon’s Wives

11 King Solomon, however, loved many foreign women besides Pharaoh’s daughter—Moabites, Ammonites, Edomites, Sidonians and Hittites. They were from nations about which the Lord had told the Israelites, “You must not intermarry with them, because they will surely turn your hearts after their gods.” Nevertheless, Solomon held fast to them in love. He had seven hundred wives of royal birth and three hundred concubines, and his wives led him astray.

Al Gorerhythm's picture

Fuck that. 300 screeching at you to take the garbage out. Drive a man to drink!

Big Slick's picture

"Well Son... In Christianity, lending with interest was a sin" - joak

Dear Dad - According to Christianity's highest authority (the Man Himself) lending with interest is no sin.

Matthew 25:14-30

I think we can agree Christ would never posit sinful activity within a parable in order to teach a virtue. 

Hulk's picture

Thats my experience too, its the foreign women that do you in , portugesebites,asianbites,ukranianbites and persianbites ...

TuPhat's picture

Zero, you seem to be very proud of what you don't know.

ZerOhead's picture

I'm not proud of anything 2Fat.

I just know what I know and am not afraid to do the research and check out the actual historical record of the evolution over the centuries of the political document known as "God's Word"or the Bible. I mean if you love HIM so much wouldn't you think it rational to want to get to know HIM better? I sure did.

It proved to be my undoing in faith. He feel as hard as The Tooth Fairy, Easter Bunny and Santa Clause. And such a violent book at that... killing raping and disposessing other nations all to his glory of his chosen people. It may have been good instruction back in tribal bronze age culture but it sucks badly now. The god of the bible is a classic psychopath. Narcistic, homocidal and jealous, demanding of worship and to be placed above the other gods... oh hold it... I thought there was only one...


It's just sad that you have already surrendered your critical thought processes over to one of the thousands of gods that are still in existance with absolutely no evidence for any...

I mean couldn't an all powerful GOD give us a sign of some sort to remove all doubt (and those thousands of other false gods) ?

Of course then we wouldn't require faith.

In God We Trust The Man Behind the Curtain...

Drachma's picture

If one needs to get to know their creator better, whatever that may be, one need only look to one's own mind, not someone else's book, and no faith need be involved. The Bible is a book about the ultimate control-freak, written by control-freaks, for subjugation of those without any sense of control.

walküre's picture


Common sense is prevailing. Christianity is a "lighter" form of Judaism. Been there, done that. Couldn't get the answers I was hoping for. There's more to anthropology than the last 2000 years of Judeo/Christian worldview, context and imperialism. Most scholars can't even get their time lines straight.

john39's picture

judeo-christianity is an oxymoron...  Jesus pointed out that te pharisees were basically worshipping satan, and those same people are still at it today...  btw, the Koran expressly endorses gold and silver for money precisely for the reason that it is honest money, as opposed to the beast paper we are all currently forced to use.

Lore's picture

Here's a quote, followed by a question:

Lay not up for yourselves treasures on earth, where moth and rust does corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust does corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also.  - Matt 6:19-21

What in God's name is the Vatican doing with a big hoard of gold?  :X

SubjectivObject's picture

 Because they looooooooooove it,


for its symbolism.


<jackoff snarkoff>

john39's picture

>> vatican

teamed up with the pharisees... Martin Luther pointed that out a long time ago...  

btw, hoarding and using a medium of exchange (gold) are not really the same thing...

cornflakesdisease's picture


20 In God’s eyes, Satan’s entire world is bloodguilty. Its political systems, portrayed in the Scriptures as vicious beasts, have slaughtered countless millions, including many of Jehovah’s servants. (Daniel 8:3, 4, 20-22; Revelation 13:1, 2, 7, 8) Hand in hand with these beastlike powers, business and science have worked to create some of the most heinous weapons imaginable, making huge profits in the process. How true that “the whole world is lying in the power of the wicked one”!—1 John 5:19.

21 Because Jesus’ followers are “no part of the world” but remain strictly neutral toward its politics and wars, they avoid personal and community bloodguilt. (John 15:19; 17:16) And in imitation of Christ, they do not respond violently when others persecute them. Rather, they show love for their enemies, even praying for them.—Matthew 5:44; Romans 12:17-21.

22 Above all, true Christians avoid involvement with “Babylon the Great,” the world empire of false religion and the most bloodguilty of all. “In her,” says God’s Word, “was found the blood of prophets and of holy ones and of all those who have been slaughtered on the earth.” Thus, we are warned: “Get out of her, my people.”—Revelation 17:6; 18:2, 4, 24.

23 Abandoning Babylon the Great involves more than having one’s name removed from a membership roll. It also includes hating the evil practices that false religion condones or openly advocates—such things as immorality, political meddling, and the greedy pursuit of wealth. (Psalm 97:10; Revelation 18:7, 9, 11-17) How often these activities lead to bloodshed!

The Vatican will soon be destroyed as will almost all organized religion by a change in world governement and the general population in their view of religion and it's usefulness.  Religion's support will contine to dry up and fizzle.

walküre's picture

Judeo-christian worldview or world order is commonly accepted. If the Koran says that than why are even islamic countries using counterfeit money? Does Iran even have gold or silver coins? Just asking.

john39's picture

look around, evil runs the show for now, and has for along time.  Jesus taught a lot of things that most so called Christians manage to totally ignore...  i don't really blame Jesus for that.

walküre's picture

The concept of Christ and ideology in terms of Christianity has value, I'm not going to argue that. Many good things being done in that spirit or at least claiming to do it in the spirit. But are charity and charitable actions exclusive to that spirit? Was there no charity anywhere before the days of "Christ"? There's good evidence that the idea of Messiah was adopted by several people who claimed to be the Redeemer during the days of Roman occupation. So essentially that spirit of Christ was known before "The One" was born, raised, preached and executed as others before him. It's a shame the library of Alexandria burnt to the ground where many texts had been kept over centuries. Texts that recorded history from different POVs other than the the Jewish fairy tales and fables or the attempt by Christian writers to establish a new world order with the birth of the Christ. They succeeded in many ways. Not by divine intervention. Simply by political power and influence. That is the world order to date.

joak's picture

Of course Jesus has refuted the old testament, what do you he think he did when he expelled the moneychangers at the temple (with some violence and anger, BTW), for example ? And yes he refuted it very clearly when he proposed a new alliance, that was rejected. Anyway it's so obvious, the Old and the New testament are like black and white. When I was a kid, I asked many times how God could be a complete racial psychopath in the Old Testament, and the incarnated Compassion in the new one. Never got an answer ; for me, it's clear that those 2 books have nothing to do together. I know the old testament is crap, the exodus is a fairy tale (Schlomo Sand). For me, Jesus tried to change his society with positive values and rejected judaism ; 

Christianism is the new testament, judaism and protestantism are the old testament. Jesus does not say it's a sin to make money ; it's a sin to make money on other people work, and it is what finance does.

For the facts that you mention... well, I thought we were having a discussion about Christian moral code, which was my only point (I was raised in a Christian family but since my childhood I'm an agnostic, my point is just that we would be better off if we would follow the Christian moral code. I'm sorry but I prefer catholics to pussy riots, and all that shit they promote to destroy christian values).


booboo's picture

"Son... Christianity was created (then marketed and legally enforced by Consantine I et al. through to the numerous papacies I et al. through to the numerous papacies) to train you to turn the other cheek and peaceably and politely take it up the wazoo hole"

well that was a mangled take on christianity. The guys who profess christianity that I know would fold you up like a cheap lawn chair if you tried to invade the several square feet they were occupying much less try to force something up their ass, but you can only go as far as you have been led, right?


akak's picture

It's both funny and sad how many people can be awake to the innumerable crimes of the sociopaths who claim to be our "leaders" while at the exact same time falling prey to the equally pernicious delusions of organized religion.

Lore's picture

Re: "well that was a mangled take on christianity."

He actually summarized most organized religion quite well, including the carbon tribute-demanding save-us-from-ourselves Gaia Cult.  Original spirit of pursuing God's Truth notwithstanding, all the religious institutions seem to be hijacked by rotters in the quest for better mechanisms of control.

There are truly good people out there, but don't look to Man's edifices for God's glory.

zhandax's picture

He actually summarized most organized religion quite well

Don't confuse "organized religion" with Christianity.  They are as different as news and what's on CNBC, CNN, or FOX, and for the same reason.

Lore's picture

I thought that was implicit. Whatever Jesus actually preached is a matter of conjecture. He would probably regard the modern church as an abomination.

MeelionDollerBogus's picture

These days there's just no comparing Christians vs those who seek to follow words of peace of Jesus Christ. I'm an atheist and I'm happy to have neighbours who follow those words of peace & sheepliness even if I don't want to. They won't be trouble. MODERN DAY Christians, they're a heap of trouble, war & murder and I can do without them.

oddjob's picture

I liken all religions as opium for the incredibly weak and ignorant. Gold bugs are not god bugs.

booboo's picture

That was an incredibly weak and ignorant argument, so whats your crutch? booze, pot, your evening date with your hand? Of course academia and leading scientist have done a wonderful job of reach new heights of humanity, you know, with the war, (no, it is not a holy war as much as you would like, it's a protection racket for hard assets) Democide (done by godless statist) Monsnato, nope, global food domination, no God under that rock. Hey, maybe we need to give some libertarian christian guy a whack at it afterall, can't hurt, the godless statist have been fucking it up for a century, so I guess their opium is fucking up eh? yes, give them "moar" power, thats the ticket. It seems to me as much as the mainstream vilifies christianity it is pretty clear what is going on, unless the mainstream is right on ONE subject, yea, thats it, what a what a stroke of genius.

oddjob's picture

Do I need a crutch?.....don't project your closet statism upon me, it has no place here. Your so blessed religions Catholicism and Judaism, they fit together like rape and murder.

booboo's picture

So statism is your crutch, got it.

oddjob's picture

and chanting is yours, how medival of you.

WAMO556's picture

Sounds like your religion is ATHEISM.

For the past 100 years it has been murderous atheistic governments that have slaughtered millions all in the name of the STATE!

Abortion and Illegal Immigration are linked. So instead of having American citizens "who are natural born" citizens, we allow illegals to come here (who also have no background in liberty, freedom and have no intent of ever assimilating) who actually pay no taxes, freeload on the system, use there illegal status to NEVER support the system. Their culture and belief system are about slavery, subservience and subjugation.

We have allowed the continued SLAUGHTER of innocents and we couch the LIE in the euphemism "pro choice", when the real term is PRO DEATH. IF YOU AIN'T FOR LIFE, what is the alternative?

We need the illegals to fill in where the slaughtered babies would have been.

ABORTION has allowed the rise of trans-national NARCOcriminal gangs that have invaded our country.

DRugs were flooded into our cities and suburbs (facilitated by the CIA and FRS) to fight an illegal war with???? IRAN! Again!

But the ultimate reason for ALL of this immoral and illegal activity is due to dishonest money (Fractional reserve banking, fiat printing, etc...)

Do you actually think that John F Kennedy was assassinated by: the Cubans, mafia, Russians, etc... It was the bankers.the very same types that had Jesus Christ killed after throwing money changers (bankers) out of the temple.

oddjob's picture

which one out of 26 purported gods do you suggest?

WAMO556's picture

I personally don't know about polytheism since I am neither a Hindu, catholic, Buddhist, Taoist, catholic or Muslim.

The ball is in your court as far as what you want to believe and could care less until you try to make me care, then well cross swords.

Homosexuality is also a religion - a religion called HUMANISM. With that said, you have a choice of 6 billion gods you can get on your knees and pray to!

oddjob's picture

How very unchristian of you.

Al Gorerhythm's picture

OK. I've got gold, booze, pot,and my hand, now prove there's a god.

savagegoose's picture

you mean your beliefs  beint usurped by the  biggest evil on earth to corrupt and control  and ruin civilisation for 1000 years?  i dont think  chri... umm gold, ,... hey you maybe rights

walküre's picture

So being a good sheep, you're going to surrender your stash when they come asking for it in the name of your church or your government? You would have to.

MeelionDollerBogus's picture

I can't believe you just compared tangible money to a sky-fairy as if they were on the same side of history

Epic Fail.

Hulk's picture

Speaking of Blondes and palms, years ago, I convinced a lady friend of mine to buy 10 Gold Maple leafs.When I delivered them to her and placed all ten of them in her palm, the sparkle in her eye, as her eyes locked on those gold maples in her hand, was one I will never forget !!! 

The moral of this story:

Buy Gold for Bitches, Bitchez !!!

max2205's picture

Less than 1%...big deal.  Try those flash dips last week.   One day there may not be an ask to bring them back up.   Locked down!