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Caught Red-Handed: This Is What Zoomed In Gold Manipulation Looks Like

Tyler Durden's picture




 

Now that gold manipulation is no longer conspiracy theory and has joined every other "tinfoil" narrative into the realm of conspiracy fact, we urge readers to catch up on both what was the story of the day, namely the UK regulator cracking down on exactly one (1) Barclays trader for manipulating the gold price in a way that prevented him from paying out a substantial fee to his counterparty (and also being the absolutely only person in all of Barclays and every other bank to manipulate gold, of course), as well as reading the full explanation of just how said manipulation was conducted.

Failing that, one can simply observe the following pretty charts catching Daniel James Plunkett smashing the price of gold, which apparently in the UK is called a "mini puke", red-handed in the act of what is now confirmed gold manipulation.

Courtesy of Nanex, the charts below show the active Gold Futures contract on June 28, 2012 during the London afternoon gold fixing (3pm London time, 10am Eastern Time), which is when we now know the Barclays trader intentionally manipulated the price lower.

1. August 2012 Gold (GC) Futures trades and quote spread over a 5 second period of time (10:00:21 to 10:00:26 Eastern).

The important London gold fix price was $1558.96 which is near the middle of the price on this chart. Approximately 1,100 contracts were traded during the sudden price drop.

2. August 2012 Gold (GC) Futures trades and quote spread - Zoomed out.

3. August 2012 Gold (GC) Futures trades and quote spread - Zoomed out 2.

4. August 2012 Gold (GC) Futures trades and quote spread - Zoomed out 3.

5. August 2012 Gold (GC) Futures trades and quote spread - Zoomed out 4.

 

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Fri, 05/23/2014 - 17:40 | 4789838 Slave
Slave's picture

Pricks.

Fri, 05/23/2014 - 17:43 | 4789850 whatsinaname
whatsinaname's picture

http://www.youtube.com/watch?v=aoF0WkyUD3M

 

reposting this funny commercial.

surprised it even was allowed to be made.

USA gold.

Fri, 05/23/2014 - 17:47 | 4789860 Theta_Burn
Theta_Burn's picture

Way off topic but funny

Fri, 05/23/2014 - 17:51 | 4789872 Pinto Currency
Pinto Currency's picture

 

 

This is not "gold manipulation" it is manipulation of the digital, virtual gold price which is itself a fiction as they are primarily trading vapor.

Fri, 05/23/2014 - 17:54 | 4789881 nope-1004
nope-1004's picture

Exactly.  And.... that's the definition of a 21 Century Ponzi.  Digital market clearing, money creation, banking, and accounting.

 

Fri, 05/23/2014 - 17:57 | 4789886 Pinto Currency
Pinto Currency's picture

 

 

And digital creation of gold from nothing at the LBMA and Comex.

You can have as much of this digital gold you want.

Just do not ask for delivery.

Fri, 05/23/2014 - 19:08 | 4790004 strannick
strannick's picture

But but, what about Bart Chilton!?!

He said the CFTC investigated metals manipulation and ''found nothing''...

The CFTC investigated it for 5 years...

The CFTC ''allocated 7,000 man hours" to investigating metals manipulation.

How could the CFTC not have discovered metals manipulation when its so in your face obvious?

Are they bumbling Inspector Clouseaus? Or Dr. Eevils? 

Is anyone expected to keep a straight face about this screamingly obvious manipulation? Or are we now all in on it?

Fri, 05/23/2014 - 19:50 | 4790048 strannick
strannick's picture

Here is Barclays survery on how they should replace the ''Silver Fix''

https://www.surveymonkey.com/s/AGConsult

Please send them your creative suggestions...

Be sure to vote, and vote often.

I believe this Barclays survey should be treated with the same gravitas as was the #askjpmorgan ''request for input''

I recommend Barclays replace the Silver Fix with Bart Chilton juggling ping pong balls while bouncing on a pogo stick while his new banker masters throw pickled herring at him during their lunch hour. However many balls he catches in his mouth, is how many dollars silver goes up that day. If his pogo stick slips on a herring, silver goes down by the same amount that day.

If any herring get caught in his exquistely styled couffere, all trading ceases and silver goes limit up.

Fri, 05/23/2014 - 20:11 | 4790121 bunzbunzbunz
bunzbunzbunz's picture

Retard #1: I'm confused...why is this article only showing vertical, high volume moves in the downward direction?

Retard #2: No one in the history of ever has ever never had a reason to manipulate gold upwards. That is for sure.

Retard #1: Oh..makes sense. I should buy some since it obviously has intrinsic value.

Retard #2: Well, yeah, but most of that value is based on human psychology which has the tendency to change over time. Most industrial applications use only very small amounts of gold. So right now the majority of the value of gold comes from the expectation that gold retains its value. If those expectation vanish, a large amount of the value vanishes with it.

#1: Oh, so I guess we don't really know which direction the price of gold will go from here relative to other goods or currencies. I'll buy a little bit anyway just in case. Plus it is a neat item to have in the form of coins.

Fri, 05/23/2014 - 20:28 | 4790165 Pure Evil
Pure Evil's picture

Retard #3: I don't care what you shit holes think. I'm gonna build large storage vaults and continue to import thousands of tonnes per year. Please Mr. Western Doofus, could you continue to mini puke the digital price while we continue to accumulate at bargain basement prices?

Retard #4: We just dropped our import ban on gold, just watch us try and make up for the lack of previous supply issues. Oh, by the way, thanks for the fire sale in silver.

Full Retard #5: Here, buy all our gold and silver at bargain basement prices. We won't be needing it since we have plenty of fiat and are able to create it out of thin air. So, why should I worry? The USD is as good as gold.

Fri, 05/23/2014 - 20:39 | 4790178 J S Bach
J S Bach's picture

The internet is exposing all of this for what it is.  Their days are numbered.  Just pray that there are some involved in the "reset" who will point out the crimes and propose a debt-free monetary system to replace this criminal one we now have to endure.

 

Amen.

Fri, 05/23/2014 - 21:05 | 4790218 knukles
knukles's picture

Days of the Internet are numbered, most likely....
They don't like this very much!

Fri, 05/23/2014 - 23:13 | 4790518 Tall Tom
Tall Tom's picture

The days of trading Gold are numbered as the trading of Gold is the root which exposes the fraud.

 

Yes. They do not like the private ownership of Gold that much...unless it is in thier vaults and they are the owners.

 

Invest in Black Paint and you need go boating more often.

Sat, 05/24/2014 - 01:14 | 4790674 imaginalis
imaginalis's picture

How many years in prison did this thief get?

Sat, 05/24/2014 - 01:52 | 4790709 bunzbunzbunz
bunzbunzbunz's picture

Oh goodness,  you simpletons are hilarious. Use your tiny little brains and really think for a moment. What element can be used to produce more devices that serve actual purpose (not jewelry), gold or neodymium? I'll give you a hint - it's the one the can be used to create the small, efficient electric motors or generators. 

People here pretend to be "makers" or "producers" yet they lust after shiny yellow metal as though it matters. PLEEEEAAAASE SOMEONE tell me what you have made (other than fucking jewelry) that requires more than a few miligrams of gold?

The idea of gold being valuable is just another joke/tool used against you to create an environment in which wealth can be stored by those with extreme wealth. It fits in so nicely with fiat currency, equities, and energy. You are a fool if you think gold will always be a hedge against inflation. You are a fool if you think anything will always be a hedge against inflation.

Those who are long gold will be downvoting me before their tiny minds even read this entire comment. So cute.

Sat, 05/24/2014 - 03:01 | 4790757 fencejumper
fencejumper's picture

bunz, I am sincerely interested in what you propose those here who trust in gold should invest in instead. Please share.

Sat, 05/24/2014 - 03:32 | 4790794 Ignatius
Ignatius's picture

No answer as Mr. 33 weeks is a troll.

Sat, 05/24/2014 - 06:14 | 4790919 GetZeeGold
GetZeeGold's picture

 

 

 

Fat, drunk, and stupid is no way to go through life...but it seems to work for him.

 

They came up with Bitcoins....but as it turns out, gold has been performing that same function for thousands of years.

Sat, 05/24/2014 - 09:32 | 4791051 Prisoners_dilemna
Prisoners_dilemna's picture

People have been transmitting money globally and instantaneously without counterparty risk for thousands of years... using gold????    Come on man,  Bitcoin is not your enemy.

 

Bunz may like Bitcoin, but this just proves even a blind squirrel finds a nut every now and then.

Sat, 05/24/2014 - 11:19 | 4791203 dogbreath
dogbreath's picture

bunz is a cunt

Sat, 05/24/2014 - 12:42 | 4791337 bunzbunzbunz
bunzbunzbunz's picture

fencejumper: as stated below I am simply a troll cunt. If you simply look at historic prices of gold (available back to 1975 on kitco - later from other sources) you can tell gold is not something to be trusted in as a stable investment. In fact if you believe in the past repeating itself, you can infer that gold will continue dropping and stay a levels lower than this for years to come. Obvioulsy you could infer the opposite - we all see patterns in different ways.

Diverse investments are important. I think you should invest in equities, real estate (mostly land), water, and energy. I certainly think gold/silver/rhodium/whatever element you think is shiniest can have a place in your investments, but it certainly does not deserve the volume of attention and emotion it gets here.

When people are this emotional about an "investment" you know they are doing something wrong. They shouldn't need to worry about the current price or manipulation. They should be holding the "investment" long term for a situation of dire need.

What I see is a bunch of people who are trying to get rich for nothing with gold. Some of them seem to think this is more honest than getting rich for nothing with stocks. It is idiocy and greed.

Note: When I say invest in energy, I mean your own energy. Build yourself a wind mill and some solar panels. A goal for me is to have enough energy production/storage capability to run a household off-grid on the average day.

Sat, 05/24/2014 - 13:08 | 4791390 Bay of Pigs
Bay of Pigs's picture

You're a tool when it comes to gold.

Maybe just STFU?

Sat, 05/24/2014 - 15:04 | 4791591 bunzbunzbunz
bunzbunzbunz's picture

That is a really good argument. So why don't you go acronym yourself?

Sat, 05/24/2014 - 07:47 | 4790982 Bendromeda Strain
Bendromeda Strain's picture

Oh you betcha! Have another red arrow like that barbed tool of Moloch punching your prostate. You answer your own question, foolish one. Neodymium is for motors, gold is for money. Each metal for a purpose, each suited for that purpose. Only when the system of honest weights and measures (in all things, including money) is restored will liberty return.

Sat, 05/24/2014 - 15:01 | 4791585 bunzbunzbunz
bunzbunzbunz's picture

You don't seem to understand the question. Using gold as money is as abitrary as using fiat. Using psychology you can create a system wherin 1 mg of gold is as valuable as a house. The other way around, you could create a system where it took millions of pounds of gold to buy a house. The more trust you give to this "money", the more power those who hold the majority of it have.

By the way...how does one shop in the modern world with gold? Do we carry a couple nuggets to the store and scrape some onto a scale? Do we trust the scale? Do they trust the purity?

Logically, the only way trade could reasonable be carried out is if the average person had hundreds of coins of different mass. The creates two problems with your idea of gold trade.The first is obvious from the fact that people would need hundreds of coins...weight. The second being that the value of gold is currently too high, due to the requirements of the average person having so many coins. At current levels, a person would need to carry thousands of dollars to perform normal activities in the modern economy.

Obviously the rebuttal to my comments are a gold backed dollar system. But perhaps there is a flaw in that idea. What would happen to the backing of the money when counterfeiters are introduced into the system? They create fake cash, redeem for gold, and slowly siphon the money gold to nothing.

My point is that there are flaws to every system. You are an idiot if you think you know of a perfect system in any facet of life.

 

Sun, 05/25/2014 - 09:08 | 4792971 Bendromeda Strain
Bendromeda Strain's picture

Gold is almost as divisible as bitcoin - is not edible gold leaf gold? What is needed is indeed gold backed money, just not gold pegged money. The free gold camp actually envisions a floating scrip that can be expanded or withdrawn (by elected bodies, not "independent" private banks), and a gold price that rises and falls in relation to the prudence or profligance of the monetary regulators. Gold money for saving, scrip backed by the floating price of gold for transacting. Letters of credit or bills can be settled as agreed. The price of gold should only be set by a market that does not include short or long futures, nor any other form of "paper gold" proxies traded on the market (ETFs could only be administered by public entities, auditable by serial number annually). Physical for cash settlement only would be the price setting machanism, again in relation to how well our elected bodies managed the balance sheet. I apologize for my previous impetuousness, I assumed you were a drive by grenade tosser.

Sat, 05/24/2014 - 11:50 | 4791251 ImGumbydmmt
ImGumbydmmt's picture

Good LORD!

Did Cyprus not teach you a damm thing?

OR;

How about the UK resolution to raid personal bank accounts directly for back taxes?

I'm not trying to hedge anything, just trying to prevent outright seizure of assets.

If you can't stand over it and defend it with a semi automatic rifle its Not yours,

Same goes for land, paper assets, gold, your home, your vehicles, your loved ones.

Try requesting an actual stock certificate, doesn't work so good these days. highly improbable if not outright impossible.

At least with PMs when they come to take us to "the camps" and we have to illegally emigrate across the border to Canada or Mexico I have bribe/airfare money to get my family somewhere safe.

Sat, 05/24/2014 - 12:51 | 4791358 bunzbunzbunz
bunzbunzbunz's picture

Emotional. Non-realistic. You actually are trying to hedge against something. "At least with PMs when they come to take us to "the camps" and we have to illegally emigrate across the border to Canada or Mexico I have bribe/airfare money to get my family somewhere safe."

 

And if that's the only realistic reason you can think of for needing gold, then you don't need any more than you and your loved ones can carry in their asses. Because "they" will be looking for your valuables.

Sun, 05/25/2014 - 01:17 | 4792681 ImGumbydmmt
ImGumbydmmt's picture

Glass houses, Now you're the one not reading the entire post.

The reasons greater than "the camps" was stated first, Cyprus, UK....do we need to revisit recent history?

More Recent,IRS targeting conservative groups 10x the rate for audit.

All reasons not to keep surplus assets in "the banking system"

If this was your reference to "not realistic" how many ZH articles do we need to dredge up that "Cyprus was a template" stated by those close to central planners do we need to show you?

Are you Young? no grandparents who lived through 1929-39 to tell you just how bad it really was?

Why would you even be on this site if your world view is akin to "gold is a barbarous relic"

Also the emigration use of PMs was prefaced with "At least w/ PMs...." not as a primary use but as a last ditch fall back use.

At least your history is correct here, The anal cavity was exactly how some jews escaped the Nazis with some of their assets.

Its not emotional, its a careful study of history, and recognizing that patterns sometimes repeat, I hope not, If I was certain that was the future I would have left already, its just one of several possible outcomes which has multiple historical precedents.

Denial of this historical fact is called "Normalacy Bias" has has its own emotional attachments, so back at you...

When people question me on the topic of Collapse, my reply is along the lines of:

" We are 17 trillion in known federal debt, which will become 20 T without intervention. The debt chart has gone hyperbolic in our lifetime, but GDP growth is low single digits.This is  simply mathematically unsustainable,. Our Children and grandchildren simply cannot pay this debt EVER with current value dollars.. So something BIG must change, in our lifetime. probably in less than a decade with the chart going hyperbolic. I know not what, but I can look back on history and share with you the options we see played out throught history of other countries and empires in similar straits.

For example,,

Currency debasement

"Bread and Circuses" tpye distractions/ entitlements to maintain status quo

HyperInflation- complete repudiation of a currency

War to avert the above

Civil upheavel, possibly including revolution, counter revolution and scapgoating one people group resulting in genocide

Complete empire collapse and overun by invaders

You can wiki search

hyperinflation

genocide

and other topics to get yourself an education."

For you, completely devoid of emotion if you like

Unless of course you love your children, then its a little hard not to get really pissed off, but its just a phase, akin to phases of grief,, acceptance comes later and then you develop work-arounds for how your own family will respond if any of the above occurs.

See the signs and have a plan, but live the best you can until you need to make a change, and move on.

so yep, one worst case response is leave the country. and if you do so correctly you may be able to take legally $10k each, or illegally, much more. its enough to get somewhere, and get to work starting over.

I am honeslty trying to help you out here.

So, now if you have something nasty to say about my reply, you will have only reinforced the troll accusations others already launched at you.

We wish you a fine evening.

 

 

 

Sat, 05/24/2014 - 01:54 | 4790710 IridiumRebel
IridiumRebel's picture

He gets a raise and a promotion. We get 1295 gold for the next 7 months until nukes start their volley.

Sat, 05/24/2014 - 02:01 | 4790720 SAT 800
SAT 800's picture

Yesterday, or the day before; read a MSM note that Obama is "caving in", LOL; on "net neutrality"; so you're right on there.

Sat, 05/24/2014 - 09:28 | 4791050 DaveyJones
DaveyJones's picture

See: two tier internet

Sat, 05/24/2014 - 01:27 | 4790685 shitco.in
shitco.in's picture

Bitcoin

Sat, 05/24/2014 - 06:30 | 4790928 GetZeeGold
GetZeeGold's picture

 

 

 

 

 

= air

Sat, 05/24/2014 - 08:58 | 4791019 unrulian
unrulian's picture

wrong...air is valuable

Fri, 05/23/2014 - 21:39 | 4790305 Yes_Questions
Yes_Questions's picture

 

 

Retard #5 has nukes, a history of using them, and a big brother central bank there to back its psychotic little bro?

 

 

Sat, 05/24/2014 - 01:09 | 4790667 snr-moment
snr-moment's picture

retards 3 and 4 have them too, and are helping to create lots of tiny little retards.

Fri, 05/23/2014 - 21:30 | 4790276 DoChenRollingBearing
DoChenRollingBearing's picture

O/T, but of interest to some here tonight.

 

Starting at about 1:00 AM until 4:00 AM (US ET) there will be the peak of a newly discovered meteor shower, maybe a BIG one, visible from N America (depends on your local weather).  Info here:

http://m.accuweather.com/en/weather-news/viewable-for-the-first-time-ne/27352068

Look northwards, near the easy to spot constellation of Cassiopeia (looks like a "W").

If you have never seen a meteor shower before, consider staying up late and check it out.

Fri, 05/23/2014 - 22:29 | 4790438 Abitdodgie
Abitdodgie's picture

Sorry to burst your bubble but nothing will happen , just like every other event on this planet , they dont call it prison planet for nothing.

Fri, 05/23/2014 - 22:44 | 4790471 DoChenRollingBearing
DoChenRollingBearing's picture

I am sure (pretty sure) that everyone here knows that meteors almost all get burned up in the atmosphere, it is very rare that a big one hit the Earth (like the one in Siberia a year or two ago).

Tonight is just a celestial show, sponsored by our Father.  Could be awesome.

Fri, 05/23/2014 - 23:16 | 4790522 Tall Tom
Tall Tom's picture

Thanks for the heads up...pun intended. I hope that it is a good show.

Fri, 05/23/2014 - 23:56 | 4790582 CheapBastard
CheapBastard's picture

Thanks, but Meteor Showers make my Brain hurt.

Sat, 05/24/2014 - 07:28 | 4790966 Took Red Pill
Took Red Pill's picture

Nothing might not happen this time but eventually it will. Look at the one that buzzed Moscow. It's like a nuclear bomb going off. I crack up when I watch the news and they get all excited about a meteor shower or Northern Lights. Neither is a good thing and will get us again one of these days.

Fri, 05/23/2014 - 22:55 | 4790485 MsCitizen2
MsCitizen2's picture

If you are under clouds, as we are in metro NY, try one of these streaming webcams to view the Camelopardalids

http://www.space.com/19195-night-sky-planets-asteroids-webcasts.html 

Sat, 05/24/2014 - 03:05 | 4790769 fencejumper
fencejumper's picture

It clouded over here in southern OR, too. Though nothing showing of Camelopardalids just now on your link, thanks for effort MsCitizen2!

Sun, 05/25/2014 - 01:23 | 4792698 ImGumbydmmt
ImGumbydmmt's picture

I'm Southern OR as well, Clear sky in the mountains here tonight.

Nice to find a local on ZH

Fri, 05/23/2014 - 22:45 | 4790474 oooBooo
oooBooo's picture

Manipulation will always be in the opposite direction of the trend unless someone is particularly impaitent.

Well let me know how much US treasuries are worth in a thousand years. Someone will still be pleased to find a gold bug's hoard. For thousands of years, gold was endlessly recycled and that didn't hurt its value. Today, many uses in consumer goods like electronics cause it to be consumed for it's not worth the effort to separate and recycle. When a little bit is multiplied by millions it's no longer a small amount. Sure a particular cell phone model might use a tiny tiny amount of gold, but there will be three million of them made.

Humans are the same as they were thousands of years ago. The USA is like a replay of ancient rome, just faster. Ancient Rome has been gone for a very long time yet the gold and silver coins of ancient Rome still have value. Finding a sack of gold and silver eagles will most likely be as big of deal in a thousand years as finding a sack of Roman coins is now. It's a big deal just to find a can full of US gold coins from century ago.

I think the gamble on human nature with regards to gold and silver is pretty secure. It probably won't turn out like the Twlight zone episode and even if it does, we're probably not going to be frozen only to wake up and find gold useless.

 

Sat, 05/24/2014 - 00:29 | 4790625 strannick
strannick's picture

Let me know what Treasuries are worth in a thousand days. Im talking their price, not their duration.

Sat, 05/24/2014 - 02:55 | 4790761 lotsoffun
lotsoffun's picture

a couple of drinks - and my lots of fun brain made a strange connection.  bennie bucks.

"It's Only A Paper Moon"

It is only a paper moon
Sailing over a cardboard sea
But it wouldn't be make believe
If you believed in me

Sat, 05/24/2014 - 08:24 | 4790995 nickt1y
nickt1y's picture
It shall be unlawful for any person, directly or indirectly, to use or employ, or attempt to use or employ, in connection with any swap,

But not the Gummint. Suppose that the investigation found that it was the Gummint / Fed doing the manipulation   .... no laws broken ... nothing to see here move along.

Sat, 05/24/2014 - 08:56 | 4791015 VAD
VAD's picture

Lying with a straight face is what they're best at.  It's the most important prerequisite for any high-profile government job.  The bigger, more preposterous, and more obvious the lie, the more believable it will be.  Sometimes, I think our whole culture is built on this simple premise.

Sat, 05/24/2014 - 10:50 | 4791160 Remington IV
Remington IV's picture

"found nothing " = our floor traders ( stole  ) made money

"found something" = our floor traders lost money

Sat, 05/24/2014 - 12:16 | 4791289 lincolnsteffens
lincolnsteffens's picture

The CFTC didn't say they didn't find any evidence of manipulation. The CFTC said they did not find any prosecutable evidence to take action on.

When the Government makes the rules that they have the right to manipulate all financial markets, only the ones that didn't have the blessing of the Gov. will be taken to task. All the rest are acting for the Gov. Don't you know this is all for the good of mankind. Leave it to the brilliant and privileged ones to orchestrate your destiny. Don't complain, fool. Now move along!

Fri, 05/23/2014 - 22:08 | 4790390 Carpenter1
Carpenter1's picture

Bet your bottom silver dollar this plunkett clown is just a scapegoat/dupe. Probably did it all of 5-10 times and will be the fall guy for the real criminals who did(and still do it)it thousands of times.

Fri, 05/23/2014 - 17:55 | 4789885 disabledvet
disabledvet's picture

Who cares what the price of gold is when it's about running on freezing to death.

"Go back, go back. Go back to your wood" assholes. I'm moving to Thailand to see the Rake's Progress.

Fri, 05/23/2014 - 18:04 | 4789901 logicalman
logicalman's picture

And then there's..................

derivitives!

 

Fri, 05/23/2014 - 19:11 | 4790023 beegle
beegle's picture

sure mate , but last time i checked thats what dictates price .... unfortunately thats the way it is , and it doesnt seem to be changing any time soon ... that should be clear by now ... so the price will go where ever these crooks decide it should go , so stop looking at the charts , the dollar , the macro etc ... , and live with it 

Sat, 05/24/2014 - 11:34 | 4791205 ImGumbydmmt
ImGumbydmmt's picture

The problem with all the "fictional money" sarcasm is many of us still have to toil to receive the ponzi paper to be able to buy physical anything. Gold going down in paper contract terms does not necessarily mean it goes down an equal amount or at all at my LCS to PURCHASE. (but to sell to them, yes). the spread seems to widen, or availability dries up.

Have you ever tried to buy platinum coins during the periods of inversion when gold is higher than platinum?

I have, the coins are not for sale anywhere at any price, OR the spread is so high as to close the inversion.

Basic supply and demand economics, not a complaint, bully the LGC for being free enterprise.

BUT the ponzi printing is producing real inflation, (see the article on the Fed cafeteria ...prices increasing 3-33%) Well since average salaries at the FED increase 13%, they can buy their lunch and still pick up some Silver Eagles on the way home.

The rest of us, wages in real terms are down, so even with lower "spot" prices on PMs, we're so stretched to cover wild increases in items such as health insurance, and paying a higher bill to the IRS since some tax cuts have expired, that is make buying  even a small handful of junk silver a serious consideration.

And Junk silver, was, LITERAL POCKET CHANGE of our childhood.

We've been raped.

Dry, hard, prison shower, ass raped and all the sheeple do is bleat about BS on reality TV/Sports/Celebrity news, even some of the ones who lost homes to foreclosure.

Bread and circuses, I mention aloud to folks, and they don't even get the reference.


Funny/sad final note: I spell checked the posting, MS dictionary does not recognize "ponzi" instead suggests "Fonzie"

A television character from 30 years ago is in MS dictionary and Ponzi is not?

I rest my case.


 

 

 

 

 

Fri, 05/23/2014 - 18:34 | 4789953 Whalley World
Whalley World's picture

Off topic, he was replying to "pricks"

Fri, 05/23/2014 - 17:47 | 4789865 Slave
Slave's picture

I bet the Chinese are bad at that.

Fri, 05/23/2014 - 17:49 | 4789866 Pinto Currency
Pinto Currency's picture

-

Sat, 05/24/2014 - 01:30 | 4790689 mt paul
mt paul's picture

them charts look like

the 911 towers in free fall...

Sat, 05/24/2014 - 06:04 | 4790911 what's that smell
what's that smell's picture

a plunkett of nano-thermite will do the trick....

Fri, 05/23/2014 - 17:47 | 4789864 Serfs Up
Serfs Up's picture

I see charts like that almost every day.

Glad they caught that (1) manipulator!

Fri, 05/23/2014 - 18:05 | 4789904 logicalman
logicalman's picture

He must be unpopular in his workplace.

Lost the scapegoat vote!

Fri, 05/23/2014 - 18:09 | 4789912 Winston Churchill
Winston Churchill's picture

In modern parlance,its the short pin, before they make you
jump on the grenade.

Fri, 05/23/2014 - 19:32 | 4790064 NoDebt
NoDebt's picture

He got voted off the island.

Fri, 05/23/2014 - 22:32 | 4790441 Abitdodgie
Abitdodgie's picture

I dont think everyone in England voted on such a short notice.

Sat, 05/24/2014 - 09:32 | 4791053 BigJim
BigJim's picture

 I see charts like that almost every day.

Glad they caught that (1) manipulator!

Yes, now that they've got him, I expect those huge paper waterfalls will be a thing of the past!

Fri, 05/23/2014 - 17:51 | 4789874 BanksterSlayer
BanksterSlayer's picture

Hey, on a graph, a Mini Puke takes the shape of a Swastika (!!)
That explains a lot .....

Fri, 05/23/2014 - 21:17 | 4790252 prains
prains's picture

gold manipulation has an inverse relationship......the sheer stoopidity of the average skin bag, as manipulation goes up the collective IQ of teh ave. skin bag goes down. What is needed is less skin bags, this would effect the amount of manipulation that could be openly orchestrated.

Fri, 05/23/2014 - 21:16 | 4790254 Mercuryquicksilver
Mercuryquicksilver's picture

"Pricks"  Why? Provided me deep discounts on phys and mines over the last several years.

Fri, 05/23/2014 - 23:24 | 4790534 Tall Tom
Tall Tom's picture

Yeah. It provided the same discounts to Russia, China and India too. That is okay. We will make great pets.

 

But I forgot. It is...after all...ALL ABOUT YOU.

 

I will be happy when we are nuked over this. The USA will deliver nukes first when they figure out that the Dollar has gone to shit. Don't worry. Russia and China will respond in kind.

Sat, 05/24/2014 - 02:06 | 4790721 SAT 800
SAT 800's picture

Trying to do a social service here; repeating for the thousandth time; please do not buy mining stocks; because they are stocks. Stocks and metals are two different things. There are many, many factors that can cause a panic out of stocks at the same time metals are rising sharply.

Sat, 05/24/2014 - 11:03 | 4791185 Cpl Hicks
Cpl Hicks's picture

OK, OK! So I should be buying stocks made out of metal, or do I buy just a medal, or....do I buy stock made out of hide and meat and bone?

Maybe just a can of chicken stock. I am kind of a chicken investor and the can has got metal. That covers some of the bases and unlike gold I could eat it if I got hungry. Besides my wife likes gold and she has got NO sense when it comes to money except to spend it as fast as she can.

Fri, 05/23/2014 - 22:40 | 4790459 chubbar
chubbar's picture

Whatever happens and whatever the eventual outcome, Mr Daniel James Plunkett had best find himself a big fucking hole and pull it in on himself and I mean real fucking quick! The world now has a name to vent it's frustration at being ass fucked for the last several years and Mr Plunkett is going to find himself on the business end of that outrage. I hope that fucking cocksucker gets everything he deserves, fucking asshole!

Sat, 05/24/2014 - 00:00 | 4790588 CheapBastard
CheapBastard's picture

<< I hope that fucking cocksucker gets everything he deserves .... >>

In reality, he'll probably get job offers frm JPM and GS.

Sat, 05/24/2014 - 09:07 | 4791024 VAD
VAD's picture

He'll get reprimanded for the benefit of the cameras.  Then he'll get a numbered bank account and live the rest of his life in obscurity on a beach somewhere. 

Sat, 05/24/2014 - 06:01 | 4790910 Al Gorerhythm
Al Gorerhythm's picture

Lucky he didn't mess up a Cubs play off game! He'd still be villified more than 10 years later. http://www.huffingtonpost.com/2013/10/14/steve-bartman-incident_n_409824...

Don't mess with the sports fans.

Sat, 05/24/2014 - 12:00 | 4791264 RaymondKHessel
RaymondKHessel's picture

If it was $500, $5,000, or $500,000 an ounce in fiat makes no difference.

Might as use Monopoly money.

Fri, 05/23/2014 - 17:40 | 4789841 negative rates
negative rates's picture

Zoom zoom.

Fri, 05/23/2014 - 17:42 | 4789842 kill switch
kill switch's picture
This Is What Gold Manipulation Looks Like

 

And this is what I look like,,,A truck driver backing up!!!!!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>=GOLD

Fri, 05/23/2014 - 17:44 | 4789853 saints51
saints51's picture

beep beep beep

Fri, 05/23/2014 - 17:44 | 4789844 Theta_Burn
Theta_Burn's picture

Those responsible, still not quaking in there boots.

https://www.youtube.com/watch?v=VBXliZGN5yU

Fri, 05/23/2014 - 17:42 | 4789847 Stoploss
Stoploss's picture

How many gold bars will fit up Plunket's ass at the same time?????????

 

'Cause it's commin.........

Fri, 05/23/2014 - 17:43 | 4789852 Kaiser Sousa
Kaiser Sousa's picture

Jim Plunket...

now there was a great Raider quarterback...

wait, oops....

Sat, 05/24/2014 - 00:35 | 4790615 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Jim Plunkett's life is a great story.

https://en.wikipedia.org/wiki/Jim_Plunkett

 

Who knew Marcus Allen not only had a brother, but his brother was 1 of the greatest CFL football players ever?  Why didn't he get an NFL tryout or chance?

https://en.wikipedia.org/wiki/Damon_Allen

Sat, 05/24/2014 - 12:26 | 4791304 Kaiser Sousa
Kaiser Sousa's picture

2 words answer ur question...

AL DAVIS.

Fri, 05/23/2014 - 17:44 | 4789855 lakecity55
lakecity55's picture

BTFDs, Bit-Chez!

Fri, 05/23/2014 - 18:01 | 4789857 debtor of last ...
debtor of last resort's picture

Del.

Fri, 05/23/2014 - 17:46 | 4789858 Devotional
Devotional's picture

<- things will change

<- nothing will change

Fri, 05/23/2014 - 18:00 | 4789891 debtor of last ...
debtor of last resort's picture

within 5 years

not in my lifetime

Fri, 05/23/2014 - 20:09 | 4790128 bunzbunzbunz
bunzbunzbunz's picture

Things are always changing, though sometimes difficult to see and adapt to.

I'm stubborn and unable to adapt so I want my changes my way, back to how it was.

Fri, 05/23/2014 - 20:19 | 4790148 Quus Ant
Quus Ant's picture

> I hate oligarchs.

> I wish I was an oligarch.

 

 

Youcaan only choose one.

Fri, 05/23/2014 - 21:50 | 4790327 FieldingMellish
FieldingMellish's picture

I wish I was hating oligarchs.

Sat, 05/24/2014 - 06:33 | 4790932 GetZeeGold
GetZeeGold's picture

 

 

 

The markets always have been and always will be a snakepit.

 

That's the first thing my mentor told me....I've never been able to prove that advice wrong.

Fri, 05/23/2014 - 17:46 | 4789859 Peter Pan
Peter Pan's picture

How many more Plunketts are there out there?

My guess is that they are now goingto play a different game whereby they are going to keep gold on a short leash rather than letting it gallop away and then violently pulling on it as they have done repeatedly.

Fri, 05/23/2014 - 18:12 | 4789919 Winston Churchill
Winston Churchill's picture

Looks that way.Like someone had nailed the price to $1290+or-$5.

Fri, 05/23/2014 - 18:40 | 4789960 Latitude25
Latitude25's picture

If each successive slam down has less and less effect how will they keep it on a short leash?

Fri, 05/23/2014 - 22:37 | 4790452 Abitdodgie
Abitdodgie's picture

George Micheal droped his Plunkett ( who remembers that)

Fri, 05/23/2014 - 17:52 | 4789875 disabledvet
disabledvet's picture

STAND YOUR GROUND GENERAL SHINSEKI! Stannnnnd yourrrrrr ground!

Fri, 05/23/2014 - 22:40 | 4790461 DoChenRollingBearing
DoChenRollingBearing's picture

General Shinseki, were he a real man, would not just stand up, but throw Obama under the bus!

Fri, 05/23/2014 - 17:57 | 4789889 eddiebe
eddiebe's picture

If anyone else did it, they would be called terrorists.

Fri, 05/23/2014 - 18:09 | 4789914 logicalman
logicalman's picture

Terrsts are more to do with oil and MIC.

Gold is an 'ancient relic' that scares the shit out of the banksters.

They've decided that ridicule and ignoring the subject is the most efficient way of maintaining control.

 

Fri, 05/23/2014 - 18:07 | 4789909 navy62802
navy62802's picture

The bottom line is that the VALUE of gold is currently higher than the market price. In the end, gold will always outlast the paper currencies of nation-states. Those who realize this truth will survive. Those who don't will suffer. This is why modern nation-states hoard gold in various forms. Regardless of the price modern traders place on gold, it is and always will be a form of currency. In fact, it is the default currency.

Sat, 05/24/2014 - 01:02 | 4790660 SAT 800
SAT 800's picture

The price that the market will pay you today for your 400oz. good delivery bar of Gold; in London, or Zurich, or New york is a fact. Your statement that the VALUE is higher than this price is an opinion. You cannot prove this opinon. you cannot demonstrate it. Unlike the market price, which is a fact, that you can demonstrate by executing the sale. Generally speaking, most rational human beings are more interested in facts than they are in opinions. On the other hand, Cult Members tend to get very, very, excited about opinions. Usually this doesn't work work out very well.

Sat, 05/24/2014 - 02:21 | 4790736 bunzbunzbunz
bunzbunzbunz's picture

Fact: Jesus turned water into wine.

Fact: Food coloring has existed for thousands of years.

Fact: Apples can be compared to oranges.

Fact: Cheese was milk.

Fact: Polytheism is stupid.

Fact: God, Jesus, and the Holy ghost are my only Gods.

All this leads me to believe that I am right and you are wrong. Gold is worth eleventy-billion dollars.

Fri, 05/23/2014 - 18:07 | 4789910 Al Huxley
Al Huxley's picture

Remember the good old days?  Now these faggy little BIS cunts can't even get a $10 move to stick.

Fri, 05/23/2014 - 18:16 | 4789927 FieldingMellish
FieldingMellish's picture

No one cares. $29m? Bwahahahaha! Lunch money.

Fri, 05/23/2014 - 18:20 | 4789931 Waterfallsparkles
Waterfallsparkles's picture

Is it really any different than the way they slam the markets higher every day thru the spy futures and the vix slam down?

Somehow the gold slamdown with the vix slam down and the syp futures pump all seem to go together in a very neat package.

So much easier to move the market with the overnight futures than during market trading.  A lot less expensive too.

Fri, 05/23/2014 - 18:38 | 4789955 Latitude25
Latitude25's picture

I really don't think expense makes any difference when you can create money out of thin air

Fri, 05/23/2014 - 19:04 | 4790013 BrigstockBoy
BrigstockBoy's picture

"In the real world some people know that gold is real wealth no matter what currency price is put on it. Around the world it is traded in huge volumes that never show up on bank statements, govt. stats., or trading graph paper."

- Another, 10-5-1997

Sat, 05/24/2014 - 01:56 | 4790714 bunzbunzbunz
bunzbunzbunz's picture

Kind of like art is wealth.

Fri, 05/23/2014 - 19:41 | 4790081 Flamin Rhoid
Flamin Rhoid's picture

Ha Ha......mini puke=Golden Charf?

Fri, 05/23/2014 - 19:59 | 4790114 walküre
walküre's picture

USA meet Weimar - when this manipulation stops all bets are off where this could go.

Price could collapse unti all phys is bought up or locked away and then the moonshoot, or prices go straight into the stratosphere because this cycle of FIAT is finally ending.

ECB is discussing negative interest rates for depositors because they're trying to beat the deflation monster. Anyone with cash in their accounts will potentially get penalized. Where to put the money? Phys. Gold and silver seem the most natural choice.

Sat, 05/24/2014 - 01:04 | 4790662 SAT 800
SAT 800's picture

Ah, I smell the old beachball held under water belief, here. Well, this sort of thing can go on for a long time; some people believe Jesus Christ will be back any day now; and they have been for a couple of thousand years or so. Good luck with your delusions.

Sat, 05/24/2014 - 02:16 | 4790729 bunzbunzbunz
bunzbunzbunz's picture

Shit...I think you might be my twin lost at birth.

 

Let's see if we can confirm it. Did you also get a 780 on the Math portion of the SAT and a 20 on the English portion?

Fri, 05/23/2014 - 20:59 | 4790207 q99x2
q99x2's picture

Duh. They are allowed to do that as long as they pay a small percentage of the take to the politicians.

You mean to tell me you don't know how the real world works.

Fri, 05/23/2014 - 21:26 | 4790273 SAT 800
SAT 800's picture

The chart shows something completely meaningless. If you were used to looking at oscilloscope traces you would recognize it as a static "pop: or "click" during an AM radio broadcast. Getting hysterical about the static and ignoring the price change from $295 to $1500; is not very clever. These little events serve the personal agenda's of the market makers; they have no influience on whether t he average price of Gold this Week was $1290 or $1700.

Sat, 05/24/2014 - 01:10 | 4790669 SAT 800
SAT 800's picture

I made this a nice simple statement using small words and familiar images from real llife; what part of it do you not understand ?

Sat, 05/24/2014 - 02:00 | 4790719 bunzbunzbunz
bunzbunzbunz's picture

People here are very simple. If you say something that is aligned with the idea that gold will go up in price, you are liked. Otherwise you are obviously an idiot. Nevermind the fact that gold is repeating the same pattern it did in the 1980's. Nevermind that the people betting that gold will go up have an equal incentive to manipulate gold prices as those betting it will go down. Nevermind any logic at all. GOLD IS A SUPER-SMART INVESTMENT!@#!@# OMG OMGOMG.

 

Sat, 05/24/2014 - 02:19 | 4790734 SAT 800
SAT 800's picture

I usually spend a few minutes trying to get someone, perhaps, to think a little about the impossibility of manipulating an International Market to any significant extent for any signficant time; but they all have a vested interest in being sure that they're right and the coins and trinkets they overpayed for will someday make them a member of a class of financial survivors. Also, it's intersting to see the complete, and absolute lack of any attempt to refute or debate the issue. It's very much like Al Gore with his Glo-Bull Warming; "there's nothing to debate, because I said so !!". I may just phase out the whole thing; it's tiresome, and I already know many people believe if they tried to think it would give them a terrible headache, cause their friend told them so.

Sat, 05/24/2014 - 02:27 | 4790741 bunzbunzbunz
bunzbunzbunz's picture

I mean, I understand what their goal is. With enough group-think, the can create a 'BTFD' psychology. If the majority of trades are made with the idea that gold will go up, it will go up.

It is just sad when people try to demean others, that actually have a clue about the history of gold, for their own selfish purposes. People that want to get rich from stocks are stupid and evil. But getting rich from gold is smart and wholesome. It is such a joke.

Sat, 05/24/2014 - 03:10 | 4790773 Rock On Roger
Rock On Roger's picture

I didn't go to school long enough

To know what a 800 score on a SAT test means.

 

Does it have anything to do

With drinking Kool-Aid?

Fri, 05/23/2014 - 21:51 | 4790335 Joebloinvestor
Joebloinvestor's picture

CNN tries to make it sound like a cutesy "one time" event.

http://money.cnn.com/2014/05/23/investing/barclays-gold-rigging/index.ht...

Sat, 05/24/2014 - 01:09 | 4790666 SAT 800
SAT 800's picture

Whereas the Zero Heads try to make it sound like Gold has some other price; which must vary from Zero to Zero, since it is made up; but it is always the "real Price" and significantly higher than what anyone will buy it for today; wihich is called the market price; or reality. Which one is crazier ? The Zero Heads, or the CNN's ?

Sat, 05/24/2014 - 02:14 | 4790728 bunzbunzbunz
bunzbunzbunz's picture

What are you talking about?!@!?@ It's not like I can go to ebay.com and buy as much gold as i want for spot price + a few bucks for the sellers fees and time. Or better yet, go to kitco.com and buy as much as I want for a couple percent over spot. Sheeeesh. Obviously gold is worth WAAAAY more than what these dirty manipulators manipulate it to. 

Sat, 05/24/2014 - 13:19 | 4791416 Bay of Pigs
Bay of Pigs's picture

You two fucking idiots need an education on gold manipulation. Start here.

http://www.gata.org/node/14024

Sat, 05/24/2014 - 09:11 | 4791029 Ban KKiller
Ban KKiller's picture

One time, once a day, that's all.

Fri, 05/23/2014 - 22:20 | 4790415 whopper
whopper's picture

Trader Dan says ......... The fundamentals were all on the side of being long the gold market. A sinking Dollar, rising commodity prices, falling interest rates, soaring government debt and generally currency unrest, all favored the long side of gold. The feds could not stop the inexorable rise as long as those factors were in place. Guess what - most of those factors are no longer in place.

What fucking planet does he live on is my only question ????


Sat, 05/24/2014 - 00:12 | 4790603 Tall Tom
Tall Tom's picture

Earth.

 

Interest rates cannot fall much lower than ZERO. Negative Interest Rates will deplete a Bank's Capital unless the Fed prints (Which supposedly they are tapering...supposedly. But many are still unaware of good ol' Belgium spending 25% of thier GDP BUYING US Bonds. So they trade as if there IS NO PRINTING...although you and I know better.)

 

So to the VAST MAJORITY OF TRADERS there is the impression that Interest Rates will soon rise, the US Dollar is strengthening, andcommodity prices are falling because of the slowdown in China. Understand that this is MOPE (Management of Perspective Economics) which has nothing to do with reality. It is the image that "things are improving" (cough...gag...puke) which is important rather than the fundamental underlying truths.

 

So you trade the herd. Trader Dan is writing as a TRADER and not someone who buys Gold as Insurance. He has stated that in many interviews (the one which comes to mind is the one with Turd Ferguson.) But he encourages buying Gold as insurance because this nightmare is just in the beginning stages.

 

Hope that this clarifies it.

Sat, 05/24/2014 - 02:10 | 4790722 bunzbunzbunz
bunzbunzbunz's picture

Ahhh you forget... negative interest rates also work with a deflationary currency with storage requirements. A bank storing PM as its money supply would have an incentive to make sure the majority of the money was loaned out or it would have to continually expand its vault. So assuming that PM was always increasing in value, it would still have an a reason to loan money at less than 0% interest. Obviously the interest rates would still depend on the demand for money, so the rates would not always be <0%.

Fri, 05/23/2014 - 22:20 | 4790419 Banjo
Banjo's picture

All I can say since 2011 gold price manipulation is... Thank you very much :)

Sat, 05/24/2014 - 00:25 | 4790621 Tall Tom
Tall Tom's picture

It has been happening for quite a bit longer than that. Before the collapse of Bretton Woods, in the 1960's, the price of Gold was actively manipulated and suppressed by...guess who??? London?

 

Google the London Gold Pool. I am just too damn tired to give you the links. But it is historical fact.

 

Shit...Nevermind. Here is a fucking link.

 

http://en.wikipedia.org/wiki/London_Gold_Pool

 

Google it for more and see that this has been happening...FOR DECADES.

Sat, 05/24/2014 - 01:14 | 4790675 SAT 800
SAT 800's picture

You're having problems with reading comprehension; go back and read your link again. The London Gold Pool maintained the price at $35/oz / because we had the wonderful stable and sane world known as a Gold Standard World. After 1971 another thing with a different name attempted to manipulate the price down; they failed. Publicly, and spectacularly; on Televisions, actually. For the simple reason that it is impossible; then and now.

Fri, 05/23/2014 - 23:18 | 4790525 Dublinmick
Dublinmick's picture

Whatever happened to the old axion that corporations were working for the people? You know I used to see that on the Andy Griffith Show

Sat, 05/24/2014 - 01:06 | 4790664 napper
napper's picture

misunderstanding.  you've forgotten the complete adjective ... for the people **who hold executive positions at the corp and people who hold large chunks of the common stocks**.

Sat, 05/24/2014 - 01:31 | 4790690 unirealist
unirealist's picture

This may be off-topic, but did you know that Huey Lewis scored 800 on his math SAT?

Or are you Huey Lewis? If so, then hi, Huey. I'm the guy who lived upstairs and across the street from where you and your buddies sat in a car on Throckmorton Street in Mill Valley with your music so loud at one in the morning that it woke me up, and I came down and crossed the street intending to kick your ass, and when I reached your car door looked in and said... "Oh, it's you," and went turned away and went back upstairs.

I guess I should have kicked your ass instead.

Sat, 05/24/2014 - 02:13 | 4790726 SAT 800
SAT 800's picture

Not Huey Lewis; never lived in Mill Valley; the test has been dumbed down twice since I took it in 1959. Why are you angry at me?

Sat, 05/24/2014 - 02:19 | 4790727 Runs-With_Toast
Runs-With_Toast's picture

Interestingly, since 2008, Russian gold production has risen dramatically.  In 2009, 2010, and 2011 production figures were 185, 202, 211 metric tonnes respectively.  In 2012, gold production jumped to 226 tonnes and is estimated to reach 237 tonnes in 2013, based on production figures through September.

Putin is on record saying, at the World Economic Forum in 2009, that “the one reserve currency has become a danger to the world economy: that is now obvious to everybody.” Putin believes that the world should have multiple dominant currencies and Russia’s aggressive activity in the gold sector supports his sentiment.

Today an outspoken hedge fund manager out of Hong Kong stunned King World News when he said that he believes Russia’s gold reserves are actually multiples of what has been officially announced.  William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also discussed the latest round of sanctions against Russia as well as how much gold he believes China possesses in this powerful interview.

 “How much gold do you think Russia has?”

Kaye:  “That’s a very good question.  Let’s just say it is very likely multiples of what they’ve announced officially.  Again, I think KWN readers can understand that Russia understates its reserves for the same reason readers understand that China intentionally understates its reserves.  

Of course one day China will make an announcement that will be a multiple of what they admit to.  I would guess that China will announce that it has something on the order of 4,000 tons of gold, but it’s actually more than that.  But the sources I have in Russia indicate the same thing -- that the true holdings are likely a multiple of what is announced.”

Sat, 05/24/2014 - 03:37 | 4790800 Space Animatoltipap
Space Animatoltipap's picture

This all is part of the consolidation for the next take of. When it comes, and it will, please fasten your seat belts. Remember that the corrupt elites are also just tools in the hands of God, the Almighty One. He likes to play with them. And finish them of, after some "time".

Sat, 05/24/2014 - 04:04 | 4790837 Fiat agnostic
Fiat agnostic's picture

They don't care about being caught. They control the law and the regulators so have impunity. We live in an oligarchal society run by the few for the few so the rest of us can only observe with incredulity. Society needs to change at a fundamental level for gold manipulation to end. Bright ideas welcome....

Sat, 05/24/2014 - 04:38 | 4790853 Bloodstock
Bloodstock's picture

Capture and reprogram the minature flying all seeing drones to fly up their asses and stay there contributing an annoyingly constant constipation contributing to a GMO Mickie D's burger that will not decompose nor is friendly to their gut flora as they beg for obamacare to be defunded as they writher in pain with no doctor in site as the line is too long to see the light at the end of the tunnel which is actually their very own anal canal blocked by that damned same minature flying drone.

Sat, 05/24/2014 - 04:47 | 4790861 supermaxedout
supermaxedout's picture

All manipulations do find its master when confronted with the reality.

Reality is, that the Western Central Banks do not like that gold is skyrocketting. India, Russia, China may see this different, they would like to have at least a substantial increase. Thats why they are betting on gold, not exporting any gold but importing as much as possible.  That is the one side.

But the much stronger influence on the gold price are the masses of  people in Asia having reached an economical level which enables them to save more - which means often for them to buy gold - the ultimare crisis store of value.

Do not forget, that gold was always a politicum, always in all times.  So gold was often confiscated, smuggled, hidden,  forbidden as currency, introduced as currency, millions of people died because of political efforts to get hold of huge quantities of gold. 

Now we are coming closer to a situation one can describe as the period of "uncontrolled gold" at least for a time.   The Chinese have enabled their population to buy gold for their private purposes - in principle without limits. In chaotic India it was since ever impossible to control gold circulation within the population. A friend of mine smuggled gold to India in the early 1970s as a hippie. Smuggling gold injto India and bringing Ganja from Kashmir or Nepal back to Germany. Because there was a huge price difference between the price of gold in the West and in India.

Now the Indian government is letting down the figleaf that gold imports to India are sanctioned and costly. This was in my opinion only an illusion. Im pretty sure, the Indian gold "consumption" did not go down a bit during the last months when there was an import duty on gold. It went only other ways outmanoevering the official policy.

So we have India and China, both populations have the easy possibility to buy gold with their local money. And this is what they are doing now in ever growing numbers till the true price of gold is discovered.

The price of gold is coming to the open when the Fed is going to stop the gold price manipulation and is things just letting go its way.  This may happen any moment since the market for physical gold is tight.  The gold mines do not sell anymore their gold forward at present prices.  Only the paper futures do hold the price down. But how long ?  I do not know exactly when but latest it is going to happen when Fort Knox is completely empty and when there is no more gold what can be sold into the market.

The gold market is unsaturable for the years to come. Its going along with the purchase power and the strength of the Chinese, Russian and Indian currency. These curtrencies are going to hammer the Dollar into the ground. Russia, India, China can print money and buy gold for it on a worldwide scale.  This is a fact and this means, that the Dollar has already lost its power over gold.

The day the Dollar falls is the day when the gold price is skyrocketting in Dollar terms.  Gold is the ultimate enemy of the US Dollar and WaSHINGTON HAS DONE EVERYTHING TO MOTIVATE THE BRICS TO ACCUMULATE GOLD INSTEAD OF DOLLARS .  Therefore its Washingtons own fault while the whole US has to foot the bill, which is the complete destroyment of their currency.

Sat, 05/24/2014 - 06:39 | 4790937 Space Animatoltipap
Space Animatoltipap's picture

Nice piece. But peace is also just a tool. Like war. And the NY/London money elite will go to war to have the fantasy to remain in charge of "the system". Which is another huge positive for gold. But perhaps also for the $ in the short term.

Sat, 05/24/2014 - 06:40 | 4790940 SMC
SMC's picture

These turds think they are doing "good works" saving the "system".

Their next “painful sacrifice” will be to confiscate the gold owned by those who are not in the “Just Us” club – of course with “fair and equitable” remuneration via “toilet paper”.

 

 

 

Sat, 05/24/2014 - 07:19 | 4790961 Space Animatoltipap
Space Animatoltipap's picture

They will not confiscate gold since gold will be forced part of the solution, not part of the problem. Apart from that the world stage is not like in the Thirties.

Sat, 05/24/2014 - 07:58 | 4790985 mijev
mijev's picture

if this was a one off then why does it have a name: mini puke? I guess we all know what a puke and a maxi puke look like. 

Sat, 05/24/2014 - 08:34 | 4791004 pokrd
pokrd's picture

Screw the manipulators, gold looking too good for the next step up. Temporarly using leverage to gain some returns here.

Sat, 05/24/2014 - 09:09 | 4791026 hangemhigh77
hangemhigh77's picture

Well problem solved. And they did it without the investigative expertise of Bart Chilton and his hair.

Do NOT follow this link or you will be banned from the site!