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It's 8:00 AM: Do You Know Where Your 'Un-Rigged' Non-Barclays Gold Slam Is?
Just like stocks go up on Tuesdays in the US (and Wednesdays in Japan).. and volatility always falls... so shortly after 8am ET this morning 'someone' decided it was the optimal time to unleash $450 million notional of gold futures. Just as we saw earlier in the week, this sizable dump only achieved a $5 depreciation in price as it seems the inexorable efforts of status quo stabilizers to ensure the only real indicator of empire collapse is not flashing red remain in full effect. Given that Barclays is now out ofthe business of rigging gold prices, the question remains: who is?
Gold futures 'odd' volume dump..
Silver also saw high volume dumping...
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Just say "thank you" and keep stacking.
fuck the NYFRB
Must keep gold under $1,300
Must keep gold under $1,300
Must keep gold under $1,300
What I know every morning at 8 is that my gold is safe on the bottom of the lake.
Sure seems that way. Anyone know what's magic about 1,300 for the manipulators?
We Masters of the Universe have PhDs in economics, and are capable of determining the correct price of everything, which obviously includes gold.
We havea model we call our Stochastic-Historic Individual Timeline Heuristic Economic Advisor Device System that tell us everything we need to know about the correct price of gold.
Whole numbers are always big psychological resistance/support levels, $1,000... 1,100... 1,200... 1,300... ect.
Normally it would be understandable to see a "market" behave this way ..... except for the blatant contract dumping, all at once, at the exact same time, over and over and over again.
That's true. Maybe it will take a failure to deliver by the Comex or something before it all unravels.
Can't sleep... clowns (at the Fed) will eat me.
if you want to clean up the spider webs the first job is to find and kill the spiders.
Agree. But hurry up. Not much time left 'til there is no more.
Plunkett, you naughty boy! Where are you?
Hopefull this is bullish.
The manipulators are panicking. Desperately lashing out and not even making an attempt to cover their tracks or hide their motivation.
This will not end well.
I suppose that depends on how you define 'well'.
I and millions of others who believe in sound money are hoping it will end very well indeed.
Godspeed, BJ- riding the crest of the coming tsunami to new heights of oligarchic power. never whistle past a graveyard.
DXY at 8050 not helping
DYX has very little to do with it. Most other commodities are up.
Yep - and the pressure builds as Europe tries to drive the value of the Euro down too.
KA-BOOM!!!! oh wait, said it too soon.
And gold will go up again like a few days ago. Gold is getting very resilient these days. Will make the job hard for the manipulators.
20 CENTS OFF SILVER??? IS THAT THE BEST THEY CAN DO??????????????????
WTF!!!!
KNOCK OFF 5 DOLLARS OR SOMETHING!!!
They will.
When (not if) equities crash, silver could plunge along with them. Witness 2008---silver dropped form ~20 to <10 in six months. Why can't this happen again?
when... yeah... when... not when I'm counting on it...
It won't be like 08. If the paper prices of silver/gold collapse like in 08 there won't be any physical to grab.
Bingo!!!
When the paper price in '08 was <$10 you couldn't find physical silver anywhere for less than $15
Nope, I did. Sure, I couldn't get ASE's anywhere near that price, but 10 and 100oz bars, were no problem.
That's bullshit. Shortages were everywhere.
Except Methman, who was digging it out of the ground for $5 an oz.
pods
The PAPER price of silver and gold WILL go lower in the short and long term. The REAL price of the actual hold it in your hand and nowhere else physical commodity will be, well, priceless. The idea of paper price is a new idea on the thousands year old value of G&S. there was no paper price before relatively recent history as gold WAS money (and really still is). It never ceases to amaze me how so many people cannot seem to wrap their head around this universal truth.
yeah and my LCS says "Fuck you pay me $25 oz...while I have silver to sell"...then I say ok!
How are these guys making money when half an hour later the gold price recovered? I don't get it. Is this pure desperation?
I believe so. Time after time in recent weeks, gold has been gradually driven down over the course of a day or two to the bottom of its (very tight) trading range and then 'Someone' unloads a shit-ton of paper to - I assume - try to force a downside breakout and set the panic-selling in motion.
Time after time it hasn't worked. Being psycopaths though, the manipulators won't give up until either they succeed or the market breaks.
Fucking cracks me up. Their hammer appears to be broken.
With all the nailguns floating around you'd think they wouldn't need a hammer.
An aside, it's nice to see the 'breaking news' scared away the manipulators.
I've decided to become a rap artist.
I henceforth crown myself MC Nailgun.
"Please, Nailgun, don't hurt 'em."
First the London Gold Fix goes kaput, then Barclays get fingered for manipulating gold prices (just one rogue low-level employee, of course)... still the morning slam-down.
Like I said weeks ago, what are we gonna do when the morning slam-down keeps happening? Nothing. Sit there and take it. We'll likely never know who is doing this <cough> <central banks> <cough> and if we did, it wouldn't stop it.
"Like I said weeks ago, what are we gonna do when the morning slam-down keeps happening? "
We are both on the same page. This will continue until the system finally implodes. Hopefully sooner rather than later.
I guess since TPTB were willing to sacrifice the London connection, they now have a new and as yet undisclosed method of manipulation.
We all know the Central Banks are at the heart of this, just haven't figured out how they're doing it exactly.
You know that when TPTB are willing to admit to some secret something, they have a new, undisclosed method or technology.
SR-71/Aurora comes to mind. Why would they retire an outstanding, though old bird unless they had something better, faster, trickier?
DaddyO
and we're back to where we started..
do not underestimate the power and arrogance of the Mafia ... I say do not discout Barclays , now even more that they know the ticket to steal is just a hundred grand
I guess there is no end to the fake future contracts they can print off with their printers, when will run out of printer paper?
Never forget that behind the scenes there is a massive flow of physical from west to east. They'll never run out of paper, but they are fast running out of the underlying asset that backs that paper. When faith in their paper is lost it will be (a) sudden and (b) permanent. The west's abilility to dictate the gold price will then be at an end, having neither the metal or the means to sell paper that is accepted as a real proxy for it.
Will the owners in the east ever want to see the value of their investment go up? I mean, based on true supply and demand?
Also, who is buying these futures contracts? Another bank, perhaps? I can see where they ping pong the paper back and forth to keep the prices low.
Looks like a very frustrated 'Whack a mole' player
Apmex is running $1.99 over spot for 2014 Silver mapes until midnite tonight Eastern. ANY QUANTITY. $14.95 delivery. Damn good deal for .9999.
Even if you can only stack 50 or so thats a great value
thanks for the tip. just bought some...
Hahahahaha... This is just getting so FUN now. Theyre clearly screwed! Watching them try to fight nature is priceless!
Special offer for ZH'ers. I can give you a raw spot gold and silver feed with VWAP spreads of 15 and 1 cents, margin terms 1% or better if you want, and wil even thow in a free far away 'alternative bank account, no name debit card for free. www.aaasiafx.com Our metals spreads are the best in Asia. And we're really nice people who drink and party a lot when we're not waiting for the slamdowns.
You've got one too many "a"s in your link.
A Multi Polar World has Arrived and Gold Suppression:
http://winteractionables.com/?p=11928
Gold has been indicating lower moves for some time
http://bullandbearmash.com/chart/spot-gold-daily-continues-consolidating...
Whether it "makes sense" or not. Here's one that does make sense - markets near all time highs - 50M Americans on food stamps - get it?
Sorry to say that I don't think the Gold manipulation will end any time soon as there's a) too much money to be skimmed, sorry I mean 'made', and b) the investment bankers are clever, slimey, and very greedy, so they'll just work out new secret and quiet ways to scam.
The time it will end, and end it will, will be when there's literally no more physical (in any quantity) to buy. Then you'll probably see a $200 rise over a day. That day IS coming so keep gently stacking - I'm a buyer of 3 ounces PHYSICAL every month regasrdless of where the price is. Personally I hope it will go sub-$1,000 because then I've got FAR more to buy than 3 ounces and I don't think I'll be alone...
However, I think sub $1,000 is unlikely but you never know is these crazy times.
Somewhere in some conference room there were a bunch of TPTB setting the price of gold and silver...which is where we are at and have been for the last two years more or less....this price was agreed upon somewhere...for some reason...
LOL!
im a stacker too, and as much as i hope there is some light at the end of the tunnel, i think all of you are deluded to think that this is it! ANY action we see in the 'markets' has been planned and agreed well in advance of you and I seeing it. To think otherwise is to live in fantasy land
hey i was drunk and woke up late...
they got real money on sale again???
Yellen to ZH stackers: I win bitchez....now buy stocks or fuck off already.
I hope the fall guy squeals and it extends up the food chain.
You leave Lee Majors outta this, you brute!
Keep dreaming. The elites already own Scotland Yard, the FSA, and all other important government agencies that would put them in the slammer. Pitchforks, torches, and rope will be the final step.
I watched a German TV show -Makro- and they noted JP Morgan, Citibank, and HSBC were responsible for dumping paper gold after hours to manipulate the price. They also discussed Goldman Sachs advice to clients to sell gold while in the meanwhile Goldman was buying. They discussed how Germany was not even allowed to see their gold on deposit in the U.S. and they believed it was long gone and had been sent to China. I don't have the link but I found it here on ZH or Max Keiser site.
Swell opinions here but is anybody making money? All of the screaming & whining in the world can be assuaged by taking advantage of what you know, not what you believe. Right now GLD is in a mild trend lower, SLV is flat. If you make money by trading with the trend you then have the luxury of piss moaning about the reason.