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The 8:30 AM Gold Dump, Carry Pump Is Right On Time

Tyler Durden's picture




 

This morning's pre-open is dominated by deja vu all over again. Just as we saw yesterday, right on cue at 830ET, gold (and silver) are unceremoniously dumped and USDJPY is pumped so as to ensure stocks look shiny for the US open (and Biotech can be dumped to the next greater fool). Oil is not moving, 30Y bonds are weaker, and the USD is flat... all makes perfect sense if you don't think about it.

SSDD...

 

SSDD.. again...

 

Perhaps it was all about running Copper up to $300?

 

It didn't end so well yesterday...

 

Charts: Bloomberg

 

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Tue, 03/25/2014 - 08:44 | 4589478 fonzannoon
fonzannoon's picture

SSDY

Tue, 03/25/2014 - 08:48 | 4589484 Headbanger
Headbanger's picture

This shit is gonna end really soon when these manipulating fuckers see their tricks stop working cause the sheeple finally freak out in realizing it's all falling apart.

Tue, 03/25/2014 - 08:52 | 4589509 fonzannoon
fonzannoon's picture

"cause the sheeple finally freak out in realizing it's all falling apart."

Bwahahaha whatever

Tue, 03/25/2014 - 08:54 | 4589518 101 years and c...
101 years and counting's picture

the sheeple will realize it.  around 1100 spx.  and wall st runs around chest bumping and high fiving that they were able to fuck the peasants again.  all part of the plan.

Tue, 03/25/2014 - 09:00 | 4589541 GetZeeGold
GetZeeGold's picture

 

 

The CFTC......is ON THIS!

 

It will make a great 10 year study for them.

Tue, 03/25/2014 - 09:35 | 4589658 J S Bach
J S Bach's picture

Just keep in mind Newton's Third Law...

For every action, there is an equal and opposite re-action.

The payoff against these criminal manipulations is inevitable and coming to a theater near you.  Stack while it's cheap.

Tue, 03/25/2014 - 09:59 | 4589698 BLOTTO
BLOTTO's picture

Its been falling apart for 100's of years on all major fronts and the sheeple still havent figured it out - even still now with all the fucking latest technological ways they can view and research the crumbling...nope, nothing...not interested.

.

The sheep are aloof...they can not fathom that those that are here to love and protect us - are causing the affliction.

.

I dont know who fuckin makes me more angry - the sheep or the elite? The elite by a snout...

Tue, 03/25/2014 - 10:25 | 4589874 SWCroaker
SWCroaker's picture

Sheeple are defined by "bbbaaaaaa....", <sound of chewing cud>.      By definition, they aren't going to get it.

There is a Libertarian tenant that essentially says... "Since you can't count on lucking into having Good people in charge at the top, it is best to design governance systems so even when Evil people are in power, they are limited in the harm they can do".    The follow-on is that the most protective system of this fashion turns out to be minimally sparse government, where those at the top have little power regarless of their nature.   Good, Evil, doesn't matter; they have strictly defined roles and little authority to do otherwise.  I'm pretty sure this was the bulk of the thinking behind our Constitutional Republic.

My fear is that minimally sparse governments will never last over the long term if the population is predominatly sheeple.   Vigilance upon the part of the citizens, slapping those at the top back into place each and every time they overstep, is the only true way to keep government from bloating over the ages.    Given the current density of sheeple, I'm guessing we're hosed for the foreseeable future.

Tue, 03/25/2014 - 10:40 | 4589932 TheRedScourge
TheRedScourge's picture

If you ever have government, you have to be eternally vigilant. The US constitution proved this, because its goal was to contain the power of government and it failed massively. Since prosperity breeds complacency, government necessitates the occasional violent revolution. In the past, when a nation's decadence led to it becoming weak, the empire next door would walk in and take it over, but this no longer happens very often anymore. Therefore, we are going to have to figure out how to get rid of it completely if we want to get rid of these occasional violent revolutions.

Tue, 03/25/2014 - 10:28 | 4589878 DoChenRollingBearing
DoChenRollingBearing's picture

Oz by oz, year by year, keep stacking.  Anyone doing this will be giving their children a wonderful gift.

Whether it´s two oz, 15 oz or 100, you will be way ahead of that game and can turn to other, even more important, matters

Tue, 03/25/2014 - 09:41 | 4589676 astoriajoe
astoriajoe's picture

a study? I'm sure there's a manual written somewhere, so there doesn't need to be a study.

Tue, 03/25/2014 - 10:30 | 4589902 fockewulf190
fockewulf190's picture

"It will make a great 10 year study for them."

20.  They don´t have the personnel.  Remember?

Tue, 03/25/2014 - 08:56 | 4589523 new game
new game's picture

sheep are neatly corraled and grazing on fresh shoots growing from the msm shit that is cast upon the pastures...

Tue, 03/25/2014 - 09:23 | 4589605 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

The sheep are already dead and or living on borrowed time. Nothing happens until the moneychangers themselves are all dead.

Tue, 03/25/2014 - 09:12 | 4589515 spastic_colon
spastic_colon's picture

not today though.....europe is roaring, we will follow, cant be outdone the outcome of todays markets is already set.  if you didn't buy yesterday the easy money is gone, trading during the day session is for outsiders and those whom want to try and pick up nickels in front of steamrollers.

 

Today will be a 200+ day for dow 20+ for ES and new ATH before month end.

Tue, 03/25/2014 - 08:54 | 4589520 kill switch
kill switch's picture

That's why their sheep.. they don't know enough to freak out.

Tue, 03/25/2014 - 09:39 | 4589672 lordylord
lordylord's picture

Even sheep know when a bear is close by and get jittery.  These people are zombies.

Tue, 03/25/2014 - 10:28 | 4589893 HardAssets
HardAssets's picture

The sheep have been conditioned.

Just ask a typical person from an 'upper middle class/professional neighbborhood' to turn their t.v. off for a week & tell them that their kids 'schooling' makes for a horrible education and see what reaction you get. The 'education' system and media have been used as weapons against their minds. The rest of the fight is relatively easy after that.

Tue, 03/25/2014 - 08:55 | 4589524 IridiumRebel
IridiumRebel's picture

I take a crap when I awake at 8:30 AM daily....why shouldn't gold?

Tue, 03/25/2014 - 08:56 | 4589525 Comte d'herblay
Comte d&#039;herblay's picture

I've been reading here and elsewhere about how "soon, really soon" this merde is going to end, about 10 years now and running on.

That the sheeple freak out when they realize.....yada, yada, yada.

It ain't happening. The difference between the manipulating fuckers, and the sheeple is: organization.

You can't organize a clam bake with a dozen people involved let alone 330,000,000 low and no information human beans who really don't much care for each other and never got past puberty in their thinking, emotions, and actions.

You say you want a revolution...well, y'know....it ain't gonna happen.

Tue, 03/25/2014 - 09:39 | 4589671 Being Free
Being Free's picture

Get back gold-gold.  Get back to where you once belonged.

Tue, 03/25/2014 - 11:15 | 4590061 HardAssets
HardAssets's picture

Rather than look at the sheep side of the equation, you can glance at the control freak side of things. These meglomaniacs want to control every aspect of the lives of every human being on the planet. The really big push for the modern form of that agenda is only about a century old (technocratic controlled society). It can be argued that their agenda has only become more widely known (and discussed among people on forums, etc) for only a relatively brief timespan. To advance this agenda they must rely on the sheep to act as their eyes and arms. They are vastly outnumbered by the sheep. Control freaks have tried to micro manage everyone before, but the scale of this is off the charts. They have a 19th century mechanistic view of human nature & see people as nothing more than machines to be manipulated.

You may not have faith in the sheep, but the meglomaniacs with a God complex are also human beings (despite their own propaganda to themselves). They are subject to black swans and the unexpected despite their models and simulations. Yes, there are a lot of sheep. There are also probably more people aware of the control freaks game than at any other time in human history.

Thu, 03/27/2014 - 07:38 | 4597801 Comte d'herblay
Comte d&#039;herblay's picture

Knowledge does not translate into action.  The only way for 330,000,000 people to do anything about the Oligarchs, plutocrats, dictators masquerading as duly elected pols, is for them to organize.

And that is simply not going to happen in a nation as diversified in culture, language, social issues, economic standing, without a Lobby.

The only reason the oligarchs can do what they do is thru the 40,000 lobbyists that run this country, obviating the vote at every opportunity.  

I don't see any lobby forming because they can't get paid, by the vast unwashed.  

If the Amusements and distractions were to somehow be disabled for long enough, maybe people would take their lives more seriously, but all I see around me is the proliferation of yet more ways to distraction, ignoring the real problems that beset the people now, and the children who haven't a clue as to what they will face when they come of age to understand the prisons they have been put into. 

 

Tue, 03/25/2014 - 08:56 | 4589526 Dr. Engali
Dr. Engali's picture

Bullshit. The sheeple are still walking around in the slumber they have no clue what's going on. As long as the rest of the world plays along they can keep this up for longer than we can imagine.

Tue, 03/25/2014 - 09:00 | 4589543 new game
new game's picture

sheer some wool and send them back out...

Tue, 03/25/2014 - 09:17 | 4589587 Headbanger
Headbanger's picture

As long as the rest of the world plays along!!??

Do you SEE the rest of the world "playing along" now with all this crap with Russia and other political tensions!!?

You're a fucking idiot!!  

Tue, 03/25/2014 - 09:21 | 4589599 Dr. Engali
Dr. Engali's picture

Russia is not the rest of the world and all the major central bankers are playing along. The fact that you have to resort to insults just shows the emptiness of your argument.

Tue, 03/25/2014 - 09:27 | 4589610 Headbanger
Headbanger's picture

Russia isn't the rest of the world!!

You's an even bigger fucking idiot now!

Because you're an Obozo zombie!

And my insults only go to show you what a fucking retard I think you are, you mook!

Tue, 03/25/2014 - 09:34 | 4589637 Dr. Engali
Dr. Engali's picture

Meh. You haven't made any real insightful commentary since you've been here, but keep up that sharp wit of yours. That will really get you places. You have a bright future I just know it.

Tue, 03/25/2014 - 09:50 | 4589711 Odin
Odin's picture

It will end when China/Russia, and the rest of the BRIC countries announce a new reserve currency backed by gold and the petrodollar is tossed to the wayside by countries who would rather receive a sound currency for their natural resources rather than a piece of fiat bankster funny money... Let's see the algo's try to contain the price then...

...Of course I'd be surprised if the Anglo American Empire doesn't go completely ape shit at that point and start WWIII...

Tue, 03/25/2014 - 09:59 | 4589749 Dr. Engali
Tue, 03/25/2014 - 11:11 | 4590026 DoChenRollingBearing
DoChenRollingBearing's picture

Although I enjoy reading Jim Willie a lot, I do not think that Brazil, Russia, India and China have the smarts nor the ability to take over the financial system.  Too many moving parts.

America falls from within because of internal rot.

Tue, 03/25/2014 - 09:29 | 4589638 gmrpeabody
gmrpeabody's picture

Did you forget your meds this morning, Head?

You are beginning to mimic your avatar...

Tue, 03/25/2014 - 09:25 | 4589613 fonzannoon
fonzannoon's picture

yes because up until now there has never been political tensions...

your combination of blind anger and ignorance is very impressive. When you write this stuff and slam your fists on the keyboard does your helmet fall off or did someone attach a velcro strap for you?

 

Tue, 03/25/2014 - 09:44 | 4589695 OceanX
OceanX's picture

Who/where are these Sheeple?  Everyone I encounter and converse with agrees, something is wrong.  Admittedly, there are a myriad of perspectives, most are too busy trying to scratch out a living and don't know what to do anyway but, they are aware...

Tue, 03/25/2014 - 09:56 | 4589734 Dr. Engali
Dr. Engali's picture

Yes a small percentage of sheeple know something is wrong, and an even smaller percentage get it. But the populous as a whole are just going on with life completely oblivious. It won't be some big mass awakening by the sheeple that brings the system down (hell they are too busy arguing about the red and blue team), it will be the break down of the system that will scare the shit out of the sheep, and by then it will be too late. They won't know what hit them when the chaos ensues and the police state closes around them. Until then they will continue to graze peacefully on their Cheetos with their faces buried in their iGadgets.

Tue, 03/25/2014 - 11:49 | 4590248 thamnosma
thamnosma's picture

I hate agreeing with that.

Tue, 03/25/2014 - 09:01 | 4589547 agent default
agent default's picture

When it falls apart the sheeple will be turned against gold holders as the source of their troubles.  It will take CNN and MSN a couple of days to accomplish that.   Hedge accordingly. 

Tue, 03/25/2014 - 09:23 | 4589606 Headbanger
Headbanger's picture

I agree.   CNN and the rest of the MSM will be blaring how bad it is to the sheeple cause the media knows nothing else gets viewers like fear does cause they need to be told what to think and do in a panic!

And you la la land fucktards are in for a big shock when the sheeple turn into a pack of crazed angry wolves!

Tue, 03/25/2014 - 09:23 | 4589609 Freddie
Freddie's picture

I have not watched TV for years as it is full on 24x7 brainwashing lies.  Anyone notice how the airplane mystery is solved and time to move on?

Putin bitch slaps the uSSA and EU-SSR in the Ukraine with phony coup so that story needed to be distracted and hidden.  So go grab a plane and create a 2 week mystery.   My guess is a 777 can be taken over remotely.  Malaysia not playing ball about something?  Grab one of theirs, fly it up to 45,000 to kill everyone then fly it to a deep remote part of the Pacific and crash it.  Or it was a message sent to China.

Tue, 03/25/2014 - 09:10 | 4589564 unrulian
unrulian's picture

Is it just me or are PMs up right now?

Tue, 03/25/2014 - 10:13 | 4589801 El Hosel
El Hosel's picture

Yeah, back up to where they were first week of Feb 2008. Its a nice "do over"..... I suppose.

http://finviz.com/quote.ashx?t=SLV&ty=c&ta=0&p=m

Tue, 03/25/2014 - 09:21 | 4589602 SheepDog-One
SheepDog-One's picture

I don't know 1 person around me who is even the least bit aware or concerned about what's going on, he publi has been put into a Pied Piper trance....the don't care about anything about entetainment.

Tue, 03/25/2014 - 09:48 | 4589707 astoriajoe
astoriajoe's picture

Its sort of funny, those zombie pics like the Walking Dead, etc have made it easy for some friends of mine to think about SHTF scenarios. I try to take them backwards from zombie apocalypse to systems collapse and then I go substitute currency collapse for viral infection and go forward again.

I guess everyone is different though.

Tue, 03/25/2014 - 10:40 | 4589933 Blano
Blano's picture

End? Yes, eventually.

Really soon?  I doubt it.  It can go on too long, and too few people give a crap.

Tue, 03/25/2014 - 10:56 | 4589973 Exponere Mendaces
Exponere Mendaces's picture

Remember, when the market doesn't do what you want, its "monkey hammered" or "levitated". When it does go in the direction you DO want, it means that small dip is the first step towards the plunge to zero, no questions asked.

Maybe a bot should write the summaries, or is it doing so already?

Tue, 03/25/2014 - 08:47 | 4589490 Bill of Rights
Bill of Rights's picture

I yearn for more Banker suisides..death pool anyone?

Tue, 03/25/2014 - 08:52 | 4589513 wmbz
wmbz's picture

So does JP and Goldman they have made many millions on the ones that have recently jumped.

Turns out they had heavy Ins. policies on those guys. Whoda thunk?

Tue, 03/25/2014 - 09:50 | 4589710 astoriajoe
astoriajoe's picture

I remember reading a wsj article about 15 years ago where companies were insuring a lot of their employees, even to the level of cleaning staff, etc. Seems a bit much to me, but ...

Tue, 03/25/2014 - 09:34 | 4589655 lunaticfringe
lunaticfringe's picture

Jump you fuckers.

I am aghast at the lack of simple supply and demand theroem here. The world is awash in gold and silver while unbacked paper and debt are at critically low levels. Just the other day, my neighbor set out a sterling silver tea set on the curb with a note that said, "free." He has given up any hope of exchanging it for paper.

Tue, 03/25/2014 - 10:07 | 4589771 El Hosel
El Hosel's picture

Jump FASTER... Peak Patience is wearing thin.

Tue, 03/25/2014 - 08:47 | 4589491 PlusTic
PlusTic's picture

let the riots in th streets commence...have lead, will travel!

Tue, 03/25/2014 - 08:52 | 4589502 new game
new game's picture

what time in china? overtime for graveyard shift? time and a half time 60 yawn/hr?(hehe)(1/min)...

Tue, 03/25/2014 - 09:08 | 4589507 Whoa Dammit
Whoa Dammit's picture

U.S Open. Foreward Forevah!

<edit: Guess no one got my golf joke.>

Tue, 03/25/2014 - 08:53 | 4589516 AdvancingTime
AdvancingTime's picture

To say the market is rigged is an understatement. After over 30 years of trading commodities I will flat out state without any reservations that lies and manipulation run rampant. If you think anyone is looking out for the small independent trader you are wrong.

An unholy alliance of the Federal Reserve, the government, and the too big to fail has left the rest of us in a precarious position. For the big boys, its insider information and computer trading, this includes computing patterns that exploit where stops are placed, this improves their ability to wash the weak out of their positions. More on this subject below.

http://brucewilds.blogspot.com/2013/07/markets-more-lies-and-munipulatio...

Tue, 03/25/2014 - 10:05 | 4589770 El Hosel
El Hosel's picture

..... and I thought I was going crazy.

Tue, 03/25/2014 - 08:56 | 4589527 agstacks
agstacks's picture

Thank you sir can I have another!?

Tue, 03/25/2014 - 08:57 | 4589530 horot
Tue, 03/25/2014 - 09:13 | 4589568 Badabing
Badabing's picture

wow big Diss

thanks for that

2400 tonns of real gold went east in 2013... how long can that last?

Tue, 03/25/2014 - 10:04 | 4589762 El Hosel
El Hosel's picture

..... until we run out of tungsten and digital dollars.

Tue, 03/25/2014 - 08:58 | 4589538 youngman
youngman's picture

When the price is attacked like this...just means someone is buying it faster....the gold dance from one country to another speeds up...but at some point this dance ends...when the gold is gone.....I think the movements east will never come back to the west....so the west will lose this game....and for some reason we love our paper....its been to many generations since anyone lost anything to the great depression....all they know is paper wealth..

Tue, 03/25/2014 - 09:04 | 4589551 PlusTic
PlusTic's picture

Gold is the FED's mortal enemy.  The FED is about creating inflation to make it appear as growth.  Until the FED is gone, Gold can NEVER reach its full potential. 

Tue, 03/25/2014 - 09:04 | 4589552 cpnscarlet
cpnscarlet's picture

What makes it worse was last week's parade of so-called PM experts saying everything from "10% to 20% move in GLD this week" to "$2000 gold in 2014, easy".

Who the heck knows anything anymore about anything in PMs???????

Ceetainly NOT Turk,Embry,MaGuire, and Sinclair.

Tue, 03/25/2014 - 09:37 | 4589666 lunaticfringe
lunaticfringe's picture

Don't forget Eric "2100 dollar gold this year" Sprott.

Tue, 03/25/2014 - 09:08 | 4589557 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I wonder what was going on over the past several weeks when there WASN'T an 0830 gold dump. 

Tue, 03/25/2014 - 09:17 | 4589588 fijisailor
fijisailor's picture

Change in leadership of who gets to flush the toilet.

Tue, 03/25/2014 - 09:26 | 4589618 Eternal Complainer
Eternal Complainer's picture

It was the usual setup -
pump & dump

They allow this once every few years.

Expect another rally in PMs in 2016

Tue, 03/25/2014 - 09:57 | 4589733 El Hosel
El Hosel's picture

.... What wasn't going on? "the Market" wasn't worried about Yellen making any remark that was not blatently dovish. Nobody was talking about rising food prices, the rally in oil, the rally in Natgas, a rally in the dollar... The Federal Trading Desk is fighting the appearance of anything that might bring ZIRP into question going forward.

 

 Oh yeah, and the Biotech Bubble was not bursting.

Tue, 03/25/2014 - 09:08 | 4589560 fijisailor
fijisailor's picture

They keep it on a nice schedule so that you will give up and think it's hopeless to speculate in gold.  Well I don't speculate.  My lumps of metal just sit there and maintain their value, up and down, day after day.  I sleep well though knowing that some corrupt banker or gov will not be marking it as valueless because they ultimately have no control over it.

Tue, 03/25/2014 - 09:08 | 4589561 Market Rage
Market Rage's picture

Why can't it just be technical?  It was overbought and it's probably going to test the 1270 area where it broke out of it's base.

Tue, 03/25/2014 - 09:12 | 4589570 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Because the buying and selling seems far too planned and systematic. It isn't some invisible hand of the free markets represented by technicals leading to a logical supply/demand-driven price of gold. 

Tue, 03/25/2014 - 09:25 | 4589614 El Hosel
El Hosel's picture

...... You forgot the part about the synchronization, the shit is made for TV and follows along with "the Story" tic by tic.... All Fat Fingers aside.

Tue, 03/25/2014 - 09:37 | 4589664 elwind45
elwind45's picture

You love it even if you have no idea how you get the monkeyhammer each and everyday? Its not a market its a committee of three bankers! This is really a love story about someone else's gut?

Tue, 03/25/2014 - 09:13 | 4589573 fijisailor
fijisailor's picture

Oh yeah.  Every other market is mainpulated but oh no, not gold.  Keep drinking the koolaid.

Tue, 03/25/2014 - 09:14 | 4589577 El Hosel
El Hosel's picture

A day without some "free market" market rigging is like a day without a JPM Morgan Indictment.

Tue, 03/25/2014 - 09:22 | 4589603 El Hosel
El Hosel's picture

... "technically" I noticed everytime the Fed has a meeting with the Banking Commitee gold and silver get bushwacked starting the morning of....  I guess that is Just to set the stage, "Technically", and demonstrate the Feds full command of the situation in Ponziville.

Tue, 03/25/2014 - 10:43 | 4589941 Armed Resistance
Armed Resistance's picture

Because these dumps go against human nature. Anybody moving millions of REAL PHYSICAL METAL would never sell all at once! It would be idiotic and cost a ton of money as opposed to quietly trickling the sells throughout the day(s).

Your assertion of technical pullbacks can only be real when the market is decoupled and you can only "sell" what you really have. Until then, it is and will be bullshit naked shorting.

Tue, 03/25/2014 - 09:12 | 4589565 techstrategy
techstrategy's picture

We can end the manipulation permanently by buying GLD which has finite potential short interest in float scam MOMO bubble stock) terms.  Trillions in funny money trumps BB knockdowns.  Call the games for a small fraction of the funny money.  Use their bubble against them.

Tue, 03/25/2014 - 11:14 | 4590054 Thalamus
Thalamus's picture

Why not buy PHYS from Sprott, which is actual physical held in their vaults in Canada?  The premium rises when you buy PHYS causing arbritragers to short PHYS and go long gold, causing gold to rise.  

Tue, 03/25/2014 - 09:11 | 4589566 chapaev's ghost
chapaev&#039;s ghost's picture

Me, (that is, the Ghost of Ivan Chapaev), and the shades of my compatriots were sitting around the barracks and reminiscing about days gone by.

"Do you think, Comrade Fumarov," I asked "that if we had survived that battle against the Whites, that things would be different?"

"Comrade Chapaev, the Worker's struggle exists beyond the confines of space and time. The historical dialectic must play itself out. If anything, I know now that all we did in estalishing the Socialist Worker's Paradise was to prolong the struggle by preventing the Capitalists from fulfilling their historical destiny in an appropriate amount of time. Only now do we see the final excesses of the Capitalist system begin to manifest themselves, whereas, had we not struggled against the Czarist and Capitalist forces, we would have seen these death throes many years ago."

"Fitting words from a man who, as a political commissar, knows his communist ideology. And you, Petka. What do you think?"

"What else could we do, Comrade? When you have a gun, you have to shoot it at the person on the other side."

"Very good. My freind Anka, what do you think? Is it possible that we could have acted differently, and then, as in the butterfly effect, perhaps changed the course of history?"

"Well, Chapaev, in your case no. If the Whites had known you couldn't swim, they never would have bothered machine gunning you to death."

Tue, 03/25/2014 - 09:12 | 4589571 madbraz
madbraz's picture

Close the NY Fed and this charade ends the same day.  Never has a financial organization been so powerful, it's actions so unaccounted for, it's manipulation so blatant.

 

Robert Rubin - 1st in command

Larry Summers - his disciple

Obama - Rubin's creation

Tim Geithner - Rubin puppet

Bill Dudley - Rubin disciple/puppet and current master manipulator

 

It's no wonder that the NY FED of today is designed much like an trading/investment bank - "research departments", "currency departments", 4:30AM shifts, staff meetings at 8:30AM.  The only purpose of this organization is to keep it's owners and partners (primary dealers) one leg up in their trading bets, and keep the equity markets up.  

Tue, 03/25/2014 - 09:13 | 4589574 Save_America1st
Save_America1st's picture

rebounding nicely since 8:30am though...we'll see how long it lasts.  These days anything can and will be used to monkey-hammer the PM's.  It's going to happen all the way up to 2000 and beyond...long and drawn out process unless/until the Crimex busts or the criminals get busted. 

Maybe once all the banksters commit "suicide" we'll get back to a free market economy backed by some form of PM's without manipulation.  hahahahahaha ;-)

Tue, 03/25/2014 - 09:19 | 4589593 Kirk2NCC1701
Kirk2NCC1701's picture

All those gold shills who were high-fiving a few weeks ago when gold reached >1350, have to learn another (painful) lesson in humility.

Like Kirk has been saying/nagging for month after fucking month, I'll repeat it again for the dumb-asses and stubborn jack-asses with ADD:

GOLD WILL REMAIN CHANNEL-BOUND FOR AS LONG AS TPTB DECIDE IT STAYS CHANNEL-BOUND IN A SIDEWAYS MARKET.  Plan accordingly.

All your "COULD BE", "SHOULD BE" bitching & moaning don't amount to a bag of farts -- no matter how much you wish it, or promote it to be otherwise.  BTW, if you're so fucking smart about gold futures, then how come the Market or TPTB aren't heeding YOUR advice?  Get real, and grow the fuck up!  And stop conning others into drinking your flavor of Kool Aid.

- indignant Kirk out

Tue, 03/25/2014 - 09:27 | 4589627 fijisailor
fijisailor's picture

I'm not feeling so channel bound yet since I bought like hell at the end of 2013 at the low.  But hey if it drops again that low I buy again like crazy.  Below "all in" production cost is a no brainer.

Tue, 03/25/2014 - 09:27 | 4589628 techstrategy
techstrategy's picture

Or until b all the gold bugs use trillions of scamopoly money MOMO bubble) to buy GLD which is only $35B to squeeze b those playing the unlimited leverage game where they cannot use infinite leverage.

Tue, 03/25/2014 - 11:09 | 4590025 Thalamus
Thalamus's picture

I believe we all love gold and silver being smacked down...it allows us to average in low over time and have the potential to run our own kingdom's in the future dark age.  

Tue, 03/25/2014 - 11:32 | 4590147 Ban KKiller
Ban KKiller's picture

Not news to us...

Tue, 03/25/2014 - 09:23 | 4589607 orangegeek
orangegeek's picture

Gold support near 1275 - looks like a pullback before a final push up.

 

http://bullandbearmash.com/chart/spot-gold-daily-falls-sharply-closes-ch...

 

 

Tue, 03/25/2014 - 09:26 | 4589621 Charles Nelson ...
Charles Nelson Reilly's picture

been hearin that for the last year.  It'll move much, much higher long term, but it'll probably take some type of black swan event to get moving.

Tue, 03/25/2014 - 09:29 | 4589639 El Hosel
El Hosel's picture

Black Swan, yeah, like the Federal Trading Staff forgets to go to work.

Tue, 03/25/2014 - 09:27 | 4589629 El Hosel
El Hosel's picture

Classic battle..... Support and Resistance VS The Machine, the one with the Most Trillions has the edge.

Tue, 03/25/2014 - 09:26 | 4589619 RaiZH
RaiZH's picture

I have the wonderful ability to buy gold just before it gets slammed. And now I have no more money to buy this dip! aaah lolz

Tue, 03/25/2014 - 13:32 | 4590755 DoChenRollingBearing
DoChenRollingBearing's picture

I have that same ability!  Wow!

Tue, 03/25/2014 - 09:27 | 4589633 Kina
Kina's picture

Well it is just a bunch of retards playing with paper numbers. Like children continually playing with matches over a keg of gunpowder it doesn't matter until somebody accidentally drops the match...

Tue, 03/25/2014 - 09:59 | 4589661 Kina
Kina's picture

I think this game of making gold and silver artificially low follows on from an extreme arrogance of TPTB that they can control everything in the world and they don't give a second thought to the real dangers.

But as with Russia in the Crimea their powers are shown to be waning and dependent on keeping enough of the cats herded into USD.

 

USD dependent on a functioning Saudi Arabia...and petrodollar flows.

They also need to keep their guns at the heads of the leaders of European countries..so they don't get the notion of returning to old currencies..

IN FACT - I wonder if the USA is uniquely sensitive to the state of Saudi Arabia. What effect would total political chaos there and severe risk to oil wells pose I wonder.... An empire could be bought down by a single small country's fortunes..

 

Tue, 03/25/2014 - 11:30 | 4590141 Ban KKiller
Ban KKiller's picture

SA is a police state for all intents. Idle Saudis complain about no work as imported cheap labor performs all the jobs they don't want to do. 

Let's go to the mall is their rallying cry. The people there are beaten down due to social class and religion. Get ahead? Who is your daddy? He better be a prince and if he is you would not be asking for meaningful work.

Saudis will keep their iron grip on the people. Shit, women can't even drive there! Man, what a fucked up place. 

Tue, 03/25/2014 - 11:59 | 4590308 thamnosma
thamnosma's picture

but, but, they're our allies!

Tue, 03/25/2014 - 09:48 | 4589701 1stepcloser
1stepcloser's picture

as long as my LCS continues to charge close to spot, I'm fine with their manipulation.  Soon as they say "FU pay me" or "we have no Physical for you", then I'll start to get pissy.  

Tue, 03/25/2014 - 09:56 | 4589736 Puncher75
Puncher75's picture

Love it.  Buying more physical. 

Tue, 03/25/2014 - 09:58 | 4589739 Calculus99
Calculus99's picture

The Gold dump looks like it was the work of the 'boys' getting the last of the Longs out and not the downward price manipulators like that prick at the BIS.

Summary: Time to go long Gold again.

Tue, 03/25/2014 - 10:14 | 4589817 elwind45
elwind45's picture

Its fixed so permanent that it has a trading term "the morning fix" and its own tea service?

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