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The MOAMOPE by James C. McShirley
The advent of computer generated trading algorithms heralded a quantum leap forward in the quest for 24/7 control of markets. No longer were humans beings required to do such unseemly things as man trading desks or worry a whit if free markets were, if even infrequently, attempting to function. Algo precision has made even the blackest of black swan events seem to turn lily white in their utter non-eventfulness. No more significant Dow or bond crashes, and best of all, no gold rallies exceeding (exactly) 1.00%, or the occasional 2.00%. Algo sentinels now stand in a permanent state of vigilance, keeping MOPE alive. (MOPE is what Jim Sinclair refers to as "management of perspective economics".) Market manipulations and control of gold trading are what I have documented now for over 15 years. Many of these manipulations are well-worn, tried and true. Nearly all have intensified over the past 3 years. It seems as if one could throw a dart on a trading dartboard and hit an anomalous trading pattern nearly every time. Even with that said, I was stunned to stumble on to the biggest trading anomaly of all: the MOAMOPE - the mother of all management of perspective economics.
MOAMOPE is quite simply the stunningly high percentage of lower opens on the 6:00 PM silver access trade open. Perhaps some have noticed the oddity in the form of a Kitco 3 day chart.
Look familiar? It should, it’s happened 621 times in the past 3 years.
Virtually every evening for the last 3 years at precisely 6:00 PM EST something very odd has happened: Comex silver offers swamped the bids to the tune of a 3-10 cent decline. For this to happen for three consecutive weeks would be strange. If it were to happen for three straight months it would be bizarre. MOAMOPE can only describe when it occurs for three straight years. It's a veritable Algopalooza! Silver has had a near-iron clamp imposed on it commencing with the access trade reopen. How severe is this iron clamp? From September 1, 2011 to the present, 621 out of the 744 6:00 PM access trade opens have been lower. All manipulation denialists take note: that's an astounding 83.5%.
Legitimate hedging? Yeah, right. Ya think maybe deep pockets with algo sophistry?
The pattern is consistent, pervasive, and relentless. For 36 straight months not ONE month has had a greater number of higher opens than lower. Amazingly 35 out of 36 were between 80-95% lower, and the lone outlier "only" had 67% lower openings. The pattern was irrespective of rising or falling silver prices. From January 1st to February 28th of 2012, for example, silver rose $9.28, going from $27.86 to $37.12. That's a whopping 33% gain! During that time, however, 34 out of 42, or 81% of the 6:00 PM access trade opens were lower. It was a bull market in silver in the context of a raging bear market in access trade opens. The MOAMOPE was in all its glory!
Selling the 5:30 PM access trade close MOC and then covering 2-4 minutes after the 6:00 PM reopen has been a license to print fiat money for those willing to shadow cartel behavior. Even a 1-lot trade over 3 years could have netted someone $70-100k on a measly 3 cent scalp. The unusually high percentage of lower access opens is actually far worse than it looks, since the few higher opens for the most part faded as the evening wore on.
The trend of lower silver access opens has actually accelerated in 2014, with 134 lower openings vs. only 14 higher openings, a 90.5% probability. More recently 80 out of the past 84 have been lower, with the past 24 in a row having been lower. This despite silver being virtually unchanged from January 1st to the present.
Only 14 higher openings in all of 2014 - with silver virtually unchanged from Jan. 1!
There have also only been 4 significant gaps higher on the 6:00 access trade open since the beginning of 2013 - all of which quickly faded. Why the lockdown on silver? Why such extreme treatment for a seemingly minor commodity market? Why has silver been constantly bludgeoned to death with the CME’s margin hammer? Why the silence on such blatant manipulation? The only logical answer is that to NOT do it would be tantamount to disaster for “the force”, or the “resolute sellers”, or whatever the hell the polite crowd is calling it lately. Call me impolite, but I'll just call it the MOAMOPE.
Time researching the MOAMOPE: 20+ hours.
Compensation: Zilch.
Satisfaction proving once more that manipulation denialists are disingenuous phonies: Priceless.
A denialist reporting on gold and silver trading.
James C. McShirley
August 23rd, 2014
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It's a big fucking club. And you ain't in it.
Keep in mind last year the CFTC concluded a FIVE YEAR investigation into silver manipulation and NOTHING.
These clowns are worse than Sgt Schultz.
Rigged like Queen Anne's Revenge and crewed by a gang of Blackbeard clones , Moamope terrorized and plundered the Silver Treasure Fleets with impunity , protected by powerful lobbies .
Oh my lord Traitor Dan! LMAO........How many copies of his tripe will sell? The guy is a worse than a leper he has joined Jeff Christian in the most complicit PM Cartel Whores of all time HOF. Sad thing is he is always enlarging his hole and his logic is like arguing with a 6 year old. I bet ole Jim Sinclair wishes he never turned over that rock....
I was glad when KWN dropped him.
A little bit of fraud never hurt anyone...but this is getting scary
Mountains move to the seafloor one grain at a time, pyramids were put together one block at a time. Scary yes, but also damned infuriating.
I deeply wish the fiends raping the masses in this fashion an eternity in nut vices (yes, even Blythe), forced to listen to Fed Chair speeches on a volume setting of 12, and continually on the verge of asphyxiating due to wads of Benjamins shoved down their throats.
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. The bottom-line is that the higher the market goes the more vulnerable it becomes to a major collapse and sudden downward move. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/07/markets-more-lies-and-munipulatio...
You don't have a market. You have an aristocracy. If you find favour with the ruling Monarch then he will let you borrow more money. That is all.
Tangible currency will NOT be allowed by TPTB.
Just ask JFK or the Hunt Brothers.
Someone with patience, please go over to Norcini's website and tell him that reality has more than 2 shades.
In his book, it's a free market, or it's always manipulated.
http://traderdannorcini.blogspot.com/
How about - it's manipulated an unknown amount of time ?
Love these buying opportunities though ! :-)
Tell Mish Shedlock too. Markets are manipulated up and down. Piff.
Maybe Doug Casey will finally change his tune as well.
Gee I wonder if the MSM fools will cover this. It should be sent to the WSJ.
I always wanted to compound some money at a rate of 3% per day. Get out your calculator and have a look - it's quite a pleasant idea. But for some reason I don't think I'll jump under this bandwagon either. Just ignorance and apathy I guess.