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Because Nothing Says "Best Execution" Like Dumping $1.5 Billion In Gold Futures At 0030ET
For the 5th day in a row, "someone" has decided that 0030ET would be an appropriate time (assuming the 'seller' is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold - amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.
The timing of the dump is right as Japanese trading breaks for lunch
Gold dumped...
and silver too..
As The USD pushes higher.
* * *
One more random thing... the oddly spurious correlation between gold prices and Japanese bank VaR proxies is back again
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Repubs win the midterm election, prepare for a market crash in 3.2.1....
Because... there IS a difference between douche and turd???
Not because of a difference, but because perception matters to the movie directors.
Damn, I hope they push gold even lower. I've been waiting for quite a while.
Nothing telegraphs BTATFH! like dropping 1/54th the world's supply of gold in after hours.
Trade - don't worship any asset. JDST is having its day, eventually JNUG will as well. Bottom line is make sure your ass isn't handed to you - therefore: trade.
the markets are rigged
the markets are not rigged
Do these people have a macroeconomic deathwish? Why do they slam unbacked paper, knowing it brings physical buyers out of the woodwork and shortens the life of the ponzi?
$1.5 BILLION dumped in such quick fashion as designed to collapse the bid stack, and it only drops $18
BWAAAAAHAHAHAHAAAAAA !!!
Republicans: good for bonds bad for stocks.
Could be a wild one today.
I too, have an early morning dumpfest. Looks like ill pick up a little today.
yea, sure keep on buyin on the way down, sure, real fucking smart...
The price of Gold Futures has <NOTHING> to do with Phys!!
If you don't think so goto your local bank ask for a Gold 'Certificate' then ask for Phys delivery.
You will *always* see them freak out and make up BS 'delivery charges' that are $400 / ounce more.
The Certficate market cannot represent physical because it has been deliberately diluted 100:1.
I feel really bad for you guys....me and my peeps are going to end up owning all the gold.
Be sure to thank your grandkids for us.
This is Fed-douchery duty
I see the Fed got relected....again.
That would be the Federal Government, not the Fed.
They need a jobs recovery or theyre dead. Exporting oil won't help that since we already have too many dollars. This should be very good for natural gas and refiners though.
I still think Detroit on steroids is on tap here. Rhode Island looks dead to me.
I think New Hampshire might be in trouble here too...
I look at some gold broker's web sites and see freshly minted coins for sale but not much for older coins. Is the gov't selling gold at a discount to match the paper market?
God I hope this is what capitulation feels like. I am nearly to the point of throwing in the towel, granted I just bought 100.3 ounces :)
So let me get this straight... Japanese bank value at risk falls with gold.
Well, I'm glad I didn't follow through with my plan to buy on Monday. I guess I'll wait until the midnight dumps stop then buy, IF there is any left anywhere.
TMOSLEY
It's not surprising to see that even *YOU* have stopped following your own advice. If you add up all the losses on your silver purchases over the last 3 years, you probably worked for an effective labor rate of less than minimum wage.
I go to the bank in Germany (where I live) and buy gold all the time. They look at the MARKET price and sell to me with a small commission above market price WHICH (I might add) is based on all the paper this article talks about....
Plese explain what you are trying to explain sir..... Right now the certificate market DOES determine the physical market whether a person believes there is manipulation or not.
Certificates have *nothing* to do actual gold, not even diluted 100:1. They are promissory notes from the issuer and nothing more.
Your contempt only makes this morning's purchase that much sweeter, you statist piglet.
When you are allowed to counterfeit money by law as the Fed is, this is just a simple case of "easy come, easy go". They probaly are banging in their basement right now, singing "give it away"
https://www.youtube.com/watch?v=fXdtn0PXNXM
The Casino leaves the lights on until well after the last gambler has left..
....to clean the barf of the floor.
They same way when they push gun control, moar people buy moar guns and ammo which will eventually shorten the lives of those who try to remain in control
It's not after hours over there.
Nothing telegraphs BTATFH! like diluting 1/54th the world's supply of gold futures with naked shorting in after hours.
There fixed it for yah.
selling stuff that doesn't exist. When will someone go to jail?
But...but...b b b but Eric Sprott said $2000 gold by the end of this year.
It's right here in this free report.
The movie is called "Banana Republic".
Perception is yours, not the directors'
I know the truth, the central planners control our perception. To the average sheep, they accept the perception of being exceptional, their reality is closer to a morally/fiscally bankrupt banana republic.
So it's a given that the Directors who control the Fed and MSM create our perception and fake reality. You know it, Dems are for the little folk, Repubs are for the rich folk. Add to that what we already know, how markets are fully manipulated and they can cause a crash at will. Who do you think the Fed and Globalists will look to blame?
Who gives a fuck, if they blamed you, you would'nt give a fuck. Face it, ur fucked.
you sure have alllllll the answers-hey you should run for prez...
RIGHT, I hate politics as much as you hate my solutions.
It's turd sandwich and giant douche!
Life is a shit sandwich - the more bread you have the less shit you taste.
The Repubs? That'd be as bad as the Democ's. Billion dollar gold sale in illiquid hrs? Nothing new ...
Illiquid hours? I guess you think the rest of the world lives in your time zone.
I remember when the markets weren't so fluid and a professional trader in the US could make a profit in spreads because markets in the East hadn't opened or were just opening. Now a days, its 24/7.
user has deleted comment.
It's OK......you don't have to fight if don't want to....here's your trophy.
Have the secretary comp your parking on the way out.
Manipulation of gold, silver, oil, etc, even fishier than S&P trickery these days.
No-namer without money or any real campaign almost beats Vermont's "popular" governor:
http://tinyurl.com/ky8ku65
China and Russia will stop this madness, once they know for sure that the West has no more gold left but at the minute they are buying all the way down for bullion banks willing to sell physical for printed paper.
Fuck!! Do you guys think Bo Polny will give me my $13,000 back???
Lol
Martin Armstrong right again.
Armstrong has a model that can predict almost everything, what bo has? NADA
Why is Armstrong not a trillionaire? Because he is a very shrewed, very aggressive writer with huge amounts of technical and historical data but still simply is wrong many times.
He invented AI, how could he be wrong? /s
He doesn't control the money printing, and those who do are behaving ever more desperately.
3 can keep a secret, but only if 2 are dead.
Or perhaps Armstrong is phenominally wealthy, but learned to from previous USGOV
ass reamings to keep it off the books, to lay low and to stay off Forbes list.
He probably keeps it all in gold.
And fine art.
And real estate.
Armstrong is the only man on earth processing dates in decimal format.
That will make his predictions still valid after the New World Order changes the name of the months.
/sarc.
Gold 700 Silver 11
Correction; GLD 700, SLV 11. Not real Gold and Silver silly, no one owns any, how can you put a price on it.
Uncorrection.
Then go sell you PMs at the price you think it should be. $5000/oz? Maybe $10000/oz?
Get back to me when you are trading reality and not what you wish.
That is the problem with too many PM bugs. They are emotionally tied to their bet. They bet on what they wish, not on what is.
What reality is, depends on the definition of what is is. Is is before the fiat collapse, or is is after the already mathematically guaranteed fiat collapse (against gold) ? I - and many around here - decided to step outside the building before it's on fire, and on fire it will be, to watch the fire, rather than be burnt alive when the time comes. Good luck to you (and all) with your "trading" (I hope you will not be among the ones buying will shitted pants at 3k or 5k).
sessinpo, I am a PM bug (I sell it for a living) but have been advising clients to hold off for sometime (or dollar cost average into an allocation). Am I emotional? Or can I read what's going on and give good advice? I do it every day and don't "bet" on what I wish. I know gold's going higher. My indicators will tell me when. http://bit.ly/goldcurrentthoughts
How much gold did you sell people above $1500? What were you telling them then? Bet you made money off of it and took it from them.
Feel good about it?
... just one of the things wrong with this world.
Dear Mr. Negative Notsobadwlad;
I was a financial adivsor for 20 years before opening my own gold brokerage in 2010. Here are my calls since then including;
When the HUI (Gold Bug Index of stocks) was $512.56 I made a call to sell gold mining stocks and buy gold. Gold was $1,314.10 then. http://bit.ly/cn264K You tell me that was bad advice? I've called the ups and downs better than most anyone and still do with my current thoughts I write 5 days a week. JDST up 100% since I first mentioned it a couple weeks ago. Caught 40% in UGAZ. Told gold and silver investors to hold off. Yeah, this is "what's wrong with the world." But I do feel good about it, thanks for asking.
Here are my past documented calls.
December 2013
Gold and Dollar Down but Both Will Rise Next Year
“You can see from this longer term chart that we are still in a Dollar short term uptrend since April of 2011 and the price of gold has fallen since about that time. The question a buyer of gold has to ask, is will the dollar break down from here or continue higher? I am in the camp that it will break higher. This isn’t what a gold bull wants to hear, but for me to say this, it simply means that I am more negative on the Yen and Euro which make up 70% of the Dollar Index. If those go down in value, the Dollar, by default, benefits.”
Why Gold and Silver Will Break to New Lows and Tax Moves to Capitalize Upon
“We are close to breaking the 52 week closing low in gold at $1,192 and do think we break the 52 week lows in both gold and silver and push toward $1,000 now in gold. It is even possible that Market Makers will push gold below the $1,000 mark into the $900?s, on one or two panic sell days. When we do get the final smack down which I have been patiently waiting for, I will be writing my all-in article. For now, I see an up month in gold for January. The one’s doing the selling for tax reasons today will reestablish their positions in the metals in January to take advantage of the coming break to higher highs. But I do expect that one more smack down.”
November 2013
Fed Quantitative Easing Coming to an End Sooner than Expected?
I called the $10 Billion token taper. “Is there a chance the Fed may do a token taper to make the market think they still have control of the situation? Sure. Especially if the stock market is out of control and interest rates are low enough. But it won’t be much at all. Probably like the $10 billion that the market thought the Fed would do last time they met.”
September 2013
Gold and Silver Are Insurance against $17 Trillion of National Debt and More
“Investing in physical gold and silver is not a profit driven investment. It is a mindset. It gives investors the same type of peace of mind that protects their wealth they receive by insuring their home, auto or health…just in case something happens where they need it. What other type of insurance gives a return that is guaranteed not to be zero and has a 4,000 plus year history of purchasing power stability? What other currency can claim such a track record? Is it the Federal Reserve Notes you carry in your wallet that have 42 short years of existence without a relationship to gold? If gold was so invaluable, why do all Central Banks own it? Why do we have any gold at Fort Knox? Why are Germany and other countries asking to take possession of their gold?”
Calling the Fed Taper Bluff and What Gold Might Do Next
I called the Fed Taper bluff. “I believe the Fed will come out Sept. 17th and 18th next week and say the economy is doing well, but we still need to keep an eye on things. They can’t possibly rattle the markets with any tapering action.”
August 2013
Sticking With Stronger Dollar and Weaker Gold Through End of Year
When gold was $1,420 I called for weaker gold prices till year end. “Lastly, I will lay out the reasoning why gold could fall into the end of the year and why January may just be a stellar month and 2014 and beyond, stellar years. But we have to let this deflationary credit contractions play out a little longer.”
July 2013
Nice Run Up In Gold and Silver Prices – Expect a Pullback
I called the pullback about perfectly. “Since we have had a nice run up in price off the under $1,150 lows for gold, and have now broken through $1,300, expect another test of the lows here at some point. Same goes with silver which has had an even better rebound off the lows.”
June 2013
Is This the Bottom for Gold and Silver?
When gold was $1,223.40 and silver was $18.36, I said there is an 80% probability of prices moving higher. They did! “What gives me even more confidence that a bottom is in or close to being in, comes from the fact that 8 out of the last 10 summers, including the last 4 years straight, have been positive for gold (See Table Below). If you are conservative, this would be a safer play than silver right now, but personally I like the risk vs. reward for silver. The gold/silver ratio is almost 66 right now and I see that ratio returning to the mid 30?s range again.”
April 2013
Gold and Silver Dead Cat Bounce and More Carnage to Come or All In?
I called the Dead Cat bounce reversal perfectly and gold fell $100. “After this recent run up in price to the present level of $1,470an ounce for gold, I wouldn’t be chasing it. Silver has been a bit of a laggard compared to gold recently, and is showing greater signs of weakness, despite the more than $1 plus run up in price yesterday as it breaches $24.00 an ounce. $1,500 and $25 would be the round figures I see as resistance and the potential for the last and possibly final leg down for precious metals.”
February 2013
Will the Price of Gold and Silver Keep Falling?
I said that I fully expect over the next few months the Market Makers to test and break the 200 day moving averages lower on both gold and silver. They did! “I fully expect over the next few months the Market Makers to test and break the 200 day moving averages lower on both gold and silver. ”
Hey Gold Bugs! The Dollar Still Matters!
“So what’s next for gold? A bounce followed by a further pullback in gold breaking to fresh lows is on the horizon. Market Makers like to make investors scream UNCLE, if they can. They will move the price higher over the short term with the goal of getting new investors to think the bottom for gold prices is in (especially those who buy on margin), and then pull the rug out from under them, slamming the price lower. I have seen this pattern 100 times. Eventually, a bottom will be put in, and I will attempt to call it.”
Following are excerpts from 2012 articles:
Sept. 2012
“We will bottom out in gold and silver. Are we there now? I just don’t know. In 2008 when our economy headed south, gold and silver fell with it. It all depends on what comes from Bernanke’s mouth and the last think I think he wants is for gold and silver to go to the moon quickly. It would reveal just how weak the Fed is. While I believe the Fed is weak, it is still relevant in the minds of investors…..for now.”
Aug. 2012
“Something’s got to give and the U.S. dollar, being the lesser of two evils and with better data at present, should benefit from this, possibly putting some pressure on gold and silver prices.”
July 2012
“I feel we will be somewhat status quo with gold and silver for the time being, and I think we need to look for that one burst down for the final opportunity to catch the bottom. My advice is still to dollar cost average into a position and this will give you a better overall price.”
May 2012
“Gold is still in its second and longest phase. The professionals will still try and buck you off the gold and silver bull. The dips will come.”
January 2012
“I have been saying that while the U.S. dollar gains strength, primarily against the Euro, it could have some pressure on gold and silver.”
It really is about emotion. Forget the emotional, "But the Fed is printing billions everyday!" crap and just take a piece of paper to the chart and look for breaks in long term trends. It isn't rocket science. They might manipulate to break one way or another but if they do, just accept it.
Right now, I'd say wait for 900 and buy and see if even that breaks lower. Who knows what will happen?
Thats what I call a spanking. lol
I dream of $700 gold and $11 silver everyday, adjusted against QE99 on an inflationary basis over the next decade!! Holy shit, it would be the cheapest asset in the history of the world, at those prices!!!
I would borrow money to buy it, if I had too, I would put every extra dollar I could find, that wasn't paying for my "cost f living", into buying it, everyday, all day, at those prices!!
Your dream might come true by the looks of things.
Limerick priest asks churches to sell gold to fund teaching post
http://www.irishtimes.com/news/education/limerick-priest-asks-churches-to-sell-gold-to-fund-teaching-post-1.1985529
And then what would you do with it?
You take your gold and buy a nice suit. At the rate things are going, the same 700 bucks may buy a pair of shoes. Purpose #1 - to maintain purchasing power. Most people realize they are not going to turn $10k into a million.
Too little patience these days - watch CNBS and they admit every day they are 'traders' and riding this wave or that. Good thing about being traders is when you are BUTT wrong about the economy and macros - you can say, "they don't mean shit to me." Wall Street is a crooked casino and you can take your free Monster Options book and tell me how you've done in the long run UNLESS YOU KNOW WHEN TO LEAVE.
As they say, "All you need to be a market genius is a trending market and a short memory."
Does anyone REALLY believe the Boomers 401ks are going to pan out and prices will be maintained? Perhaps, but only if the circle-jerk baton of sovereign purchases gets passed around every day - like the QE cancer we are witnessing.
Dude - do you not see shit getting a bit more crazy each and every day? And you really want to be standing there with a 401k statement in one hand and your dick in the other?
Margin call! bitchez.
Somebody in the HFT would is fucking with us again. They are now letting their dog program the algos.
Nothing systematic is going on here, folks, it's business as usual. This is why one would have to be a moron to buy into rigged gold marketing schemes. For the last six years I have been unable to grasp why people are investing in gold when everyone knows the markets are rigged, wtf? Do non-Muppet investors actually purchase significant positions in gold anymore? Could someone please tell me what the investor profile is like for the average purchase?
It wouldn't take much to drain the world of physical silver supplies, then the whole ponzi system collapses. Those holding physical can see this day approaching soon. Paper traders will be left in a daze. Russia and China can & will crash the western ponzi system in a heartbeat.
"unable to grasp"
That's quite funny, actually. Well here is my simple answer to your questions: Some "morons" and "muppets" still buy physical gold so that they are "able to grasp" it. However, they do not see themselves as "investors" in the classical sense. But you for sure knew all of that before so why am I wasting my time trying to explain my point of view...
You talking about paper players or those of us stackers that sit and wait for the assault so we can trade our increasingly worthless FRN's for tangible assets ??
Paper Players I really have no idea other than....... no I really got nothin'
Stackers, well run the numbers it's pretty self explanatory IMHO - mints in allocation, mines shutting down, grades dropping like a stone production costs rising, stockpiles dwindling, 3 billion people who actually assign value to PM's - so yeah why the hell would any sensible investor pay any attention to what the western cabal is doing, ...... how does that go... Never interupt your adversary when he is making a mistake.....
The stackers I understand, but I swear I don't get the paper players whatsoever? Who are the paper players and what kind of numbers are we talking about in terms of 'players' in large positions? And should one assume that Buffet is one of these paper players on gold? How about, Soros? I cannot imagine either of these titans investing in gold whatsoever.
And do you realize (that most don't seem to) that most paper trades are offset before the contract expires?
For example. Let's say I sell 10 gold contracts (short) on the comex (each controlling 5000 ounces).
The cash price drops and I want to cash in. I then buy 10 contracts. Someone loses money and I profit on difference. But no actual physical gold is exchanged. Their long contracts and my short contracts are offset and cancel each other out.
Until we have someone demanding delivering on a large position, all these paper trades do nothing. They are just arbitrage or scalpers profiting or losing based on price fluxuations.
Stop that, you are making too much sense.
Real players in gold don't check prices every day. They check them once a year.
...... yeah that does make sense ...... but just for the hell of it can you define "Real Players in gold" because from what I've been reading the Real (owners) of gold held in trust by the "Players" have been experiencing difficulty checking anything they thought they owned....... eva
I think it's intersting that you refer to those people as "real players" when they are not actually playing with PM's but a derived abstraction that is nothing but figures on a computer...
There is no real mystery. What you are watching is computers trading ones and zeroes back and forth with each other. That's literally ALL it is.
Dump enough paper to drop prices through stops, forced selling makes supplies available - buy back what you dumped at a discount, make a ton of $$$ through the manipulation.
RINSE REPEAT.
Only problem is that China and others are buying the dips AND TAKING DELIVERY during these games pullng more and more gold out of western markets permanently. All those 400oz London Good Delivery bars are being refined into 999 kilos and sent east, never to be seen again.
FYI but a gold contract is 100 oz. Silver contract = 5,000 but otherwise agree.
Thank you, sessinpo. This explains things well IMHO. Large positions
create the market churn/turnover for the stackers, got it. Arbitrage
characterizes the paper player IMHO. So, hedge funds are the paper players quantitatively speaking and the stackers sit around waiting for their
next move in or out of the market. Thanks to all that responded. I'm a starting to learn here thanks to everyone kind enough to respond. Much appreciated, Z/H.
.... me and the guys down at the tin foil hat lodge were mulling this over a while back .... one rather interesting suggestion is the Chinese are converting paper to gold ...... actually I think that has been mentioned on ZH from time to time as well...... but basically the suspicion is they engage in these sell downs on the paper side and load up on the physical and if you've been stacking for a few years it really does remind you of a Chinese water torture - keep jerking the price this way and that until you finally snap and sell it all ........ fuck it I don't mind being a buzzard on this shit wagon a free meal is a free meal so to whomever is running this roller coaster - thanks and I dare you to cut it in half from here by christmas .....
Gold only makes sense if you plan on going to Mars on a trip and coming back. Then you can cash in your gold in whatever currency is actual at the time and trade on. Even if civilization fails you'd have no use for gold bars unless you plan to knock someone's head with one. You'd be making a better move stockpiling on durable food, guns and ammo, probably be able to buy a couple of bars with a single round of ammo for a Uzi.
If the stock market fails then cash is king, all commodities will drop, including gold. Gold's single real use right now is for luxury items and this market will crash and burn first. When oil drops, gold drops, simple as that, check the charts fifty years back.
..... yeah I hear that cash is king meme all the time but in this case whose cash?? Zimbabwe Whatthehells, Yuan Canadian Dollars ?? whose coin you gonna take ?? USD well shit boy that perception train is going off the rails fast. The last time I landed in BKK I noticed a big ass billboard with Remminbi being the next reserve currency or some such thing didn't catch the entire message but yeah. The rest of the world is getting pretty sick of all the bullshit out of the western cabal and who can blame them - the Chicoms come to Africa and invest in building infrastructure the Natzos come to town and blow it up; the chicoms negotiate deals, the cabal dictate terms ......... anyway you believe as you will but you may want to adjust your timeline somewhat before writing this off as a luxury play gold is money always has been despite the western bankster propaganda of the past century or so .....
Rakshas ..... yeah I hear that cash is king meme all the time but in this case whose cash?? Zimbabwe Whatthehells, Yuan Canadian Dollars ?? whose coin you gonna take ?? USD well shit boy that perception train is going off the rails fast.
---
Simple question so easily answered.
For an US citizen, US Dollar is certainly king. You have to service all your debts in US dollars.
For nations that still use the US dollar as the currency reserve, the locals may do day to day business in their local currency but they are heavily subject to price fluxuations because their government eventually has to buy US dollars for international trade.
And as for the USD going off the rail fast. That has been said for years. The USD still has several years left. And quite frankly, as long as they have the mightiest military, it will remain so. We have important powers around the world making moves against the dollar. We also have a weaking of the military by Obummer's making. So a trend is definitely toward the ultimate destruction of the USD as the world's currency reserve. But we are not there yet.
"So a trend is definitely toward the ultimate destruction of the USD as the world's currency reserve. But we are not there yet"
So I suppose you are going to let us know when is a good time to start stacking?
Sit down and shut up!
If you truly believe in "cash is king" but are worried about FRN's, pull a Kyle Bass and exchange your FRN's for nickles
Probably not a bad idea since coins are minted by the Treasury, not some ethnic bank.
I hear ya on most of your points there but I think your focus may be a bit narrow in some respects - and in the interest of full disclosure I am wearing my best tin foil beanie here..... but .... I think blaming Obfucktard for the ills of america is giving him too much credit and letting his handlers off the hook it certainly appears to me there is much greater malice at play here than I can ever give that meat puppet credit for and it has been around for a very very long time - Woodrow Wilson mentioned it quite eloquently.
(by further disclosure I carry USD, SGD, CAD, GBP, Ag/Au VND, THB and HKG in my travels) but on to your point ..... USD required to settle US debts - ok by design yes, but looking back in our history we saw the Continental devalued by the British and later the Union Greenback similarly suffered but the relative purchasing power of Ag/Au remained relatively stable during these periods of shall we say social upheaval - of course at that time there was no forced acceptance of a counterfeited currency which is the one issue we have today is we the sheeple have no accurate way of knowing how much FED counterfeiting has taken place over the past 5 years so how much has our money been devalued, though Shadowstats et al can give us a reasonable guess.
Reserve currency status summed up - we give you rather boring looking paper and hollywood fantasies in exchange for real goods and services - well that used to be the case anyway but most of these countries have to look to alternative trade resolutions because TPTB have been fucking with the very underpinnings of all markets to keep their lies alive so I think we'll all be surprised at how fast king dollar falls...... but that could just be the microwaves bouncing off my hat talking too......
"You have to service all your debts in US dollars"
No I don't. Some debts are not denominated in dollars.
Its not a matter of investing in gold. Gold is a savings vehicle that can be kept free and clear of the financial sector. Focus on the conversion rates between it and various fiat is folly.
There may be other ways to hold wealth outside of the financial sector. i can't imagine many that are better than gold and/or silver.
These nightly assaults on the prices of PMs are obvious to even the most casual observers. It's hard to imagine the panic and fear driving these planners to so blatantly expose their brutal market controls to the entire financial world. What if they got caught buck naked at delivery time?
I think they would probably knock over the game table. Shut it all off for 'security' reasons.
Then when everyone is furious, blame the republicans.
pressuring the swiss gold referendum perhaps...
Who's dumping? It's that BIS guy Mikaël Charozé in Hong Kong
http://hk.linkedin.com/in/mikaelcharoze
A real HK insane psychopath
Think this may be the final Crack-up Boom.
Every and all pension funds are grabbing stawks.
Currencies are in flux.
It's like a dozen Zimbabwe's inflating at the same time.
Shields up!
Not a bad summary. After all these decades of anticipation, we're finally seeing it happen.
It's hard to imagine the panic and fear driving these planners
Agree 100%. They know something is coming and they want people to buy into US treasuries rather than gold in the event of panic. The gold thing is especially worrying for Central Banks because if the value would rise exponentially at one point, eventually somebody will tell the Central Banks to sell some of their reserves. And then there might be an audit to verify where they are (then maybe it will turn out that the "fun facts" on http://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts13 were actually "funny facts")
Yup there's panic alright. Someone invested big in commodites thinking he'd cash in if Euro dissolves and now he sees the Saudis dropping oil to shoestring OPEC and realizes he's exposed with the year coming to an end. Sell bitchez!
That's some pretty weak tea there, psyop... NEXT!
Stacked some more, right on que.
Those f8ckers interrupting my 2 hour lunch
No worries AI will run everything in a few years. AI don't take lunch
http://blogs.wsj.com/japanrealtime/2014/11/04/artificial-intelligence-ou...
One day, physical will be sold out. The more they manipulate it downwards, the faster.
Silver, yes, will be sold out any day now.
Gold, they have enough physical to carry on with their paper games for 1,000 years, if we continue to let them sell stolen gold. We have to stop that. See my post below...
i knew this bullshit was coming...
im calling and raising these fucking asshole bankers another 100 oz's...
DEATH TO THE MONEYCHANGERS.
May as well average down and hold your nose.
Always hold a monster box (at least) of ASEs. Always hold the physical Gold.
But as far as stock investments, I sold my PSLV a few months ago, but still hold CEF, SLW and some other mining investements.
Now 80% cash, waiting to buy low and sell high...probably SRTY when the time comes.
Ride that skyrocket, then sell it all, kick out the 401K and IRAs, pay the 10% fee, then go all physical baby...mostly Gold.
Silver is great but Gold is better, given Silver's industrial use.
If industry collapses then Silver will too...so watch out on Silver. Silver is a wild weasel...but I still like to Silver Surf.
One day soon Golden Years.
https://www.youtube.com/watch?v=FcKrr0s2yuY
This PM dump was predicted by the ming shares in yesterday's market action. Mining shares were down while metals prices stayed flat. Not only is the manipulation occurring in broad daylight on the COMEX, but the crooks can not even help themselves from dipping just a bit more gravy from the mining stocks. What an embarrassment US financial regulation has become. This sort of corrruption presauges the end of empire. The end of confidence must be close now.
More days like these and gold will be for absolutely free!!!
The thing is as oil and gold plunge, China is buying them with both hands.
Been trying to scrape up dry powder for weeks. Everytime I get a minor pile the wife comes over and pisses on it.
Golden shower, ay?
Hide it away. Cash roll your own bank.
And they do have a war chest of about 4T $... The West is being sold as we speak, and what for ? To extend a dying ponzi scheme a few more months or years ?? Delay the inevitable day of reckoning, and to make it so much worse when it happens later ???
Must...kill...tangible...money...and...prop...investment banks...
This is the endgame my friend, the endgame. After the final criminal takedown it's Phoenix time.
More action like this and the CEOs of the PM miners will sit down together and think what to do about it! The result will possibly a cartel like structure and gold and silver will never see price tags like these. It will be manipulated northwards in the not so distant future. The central banksters went too far now. It will have massive repercussions!
Lets hope so, but to me this looks like a play to acquire miners. The pain isn't over and I'm not optimistic the miners will join together. Shorts won't stop till they are made to and that will take non delivery.
Gold Bitchez....I pick up pennies
Shanghai phyzz has been trading $2-3 below spot. That's phyzz. Best look to China to see who is dumping. Overall China purchases are down 40% from 2013. Do the promoters mention that?
Chinese gold market is on fire. They are buying like crazy. You have phony numbers. Just look at the Shanghai forex exchange. If you can't see the manipulation on a day like this you are a frigging moron!
I believe you meant Fire Sale. Anyway, let's meet for tea in Shanghai. You can back up your truck.
source..... phone numbers ..... I've been hauling Ag/Au to Asian friends for the past couple of years so they can beat the higher premiums here......
Edit - from last Month on ZH
http://www.zerohedge.com/news/2014-10-12/shanghai-exchange-chairman-admi...
Going to Hong Kong next month. I think I'll stop in a bank and pick up a few gold coins to see how it's done.
That's good I see you can repeat Reuters like a parrot..maybe tomorrow they will let you out your cage...
Are you in Shanghai now? Dubai? Mom's basement?
How many times do you clowns have to get smacked in the head before you realize your PM Gurus are hosing you? Has any one of them ever been right?
Read Ecclesiastes 3. Good market info there. "A time to cast away stones, a time to gather stones together". In the New King James version, they translate that as "Buy low, sell high".
When stones are cheap then I would be gathering stones as it is the time to gather stones.
When everyone else wants to gather stones and the price incresaes is the time to cast them away.
But the problem is that these people are selling paper and not stones...
BECAUSE IT IS A FRAUD.
God will vindicate as He despised the moneychangers in the Temple as Jesus is God Incarnate.
So instead of blasphemy of God Almighty by using His word to promote your agenda you may want to repent as the Gold and the Silver truly belong to Him.
Read Haggai 2:8 and repent of your blasphemy.
Let me be cut to the chase.
You don't understand gold. You don't understand why a lot of us here buy physical and hold totally undeterred by daily smack downs which in the end only make us buy more at these lower prices.
It's the end that matters, an end which is coming and one of which you are obviously totally unprepared.
Btw, glad to see that you are now showing up only to post your orgasmic I hate gold rants because I remember just about everything else you used to put up here was shortsighted bullshit, a complete waste of time reading.
I understand why there are times to buy gold, just as I understand every asset has its day. I have opinions on why so many here marry their position, just as I have opinions on why so many here scream "sheeple" when others buy hook line and sinker what some supposed authority figure says, yet absolutely cannot see that the accusers are just another's "sheeple". Muppets are muppets, whether they are customers of Goldman or Goldcore.
Folks here are forever dissing anyone who has been in equities, despite the meteoric gains. The same folks get all hissy if someone questions owning an asset that has been falling for three years plus, as if it is blasphemy. Well, what's good for the goose and all that.
When this all blows up, yes, PMs will rise, but so will all assets. The dreamers think they'll be buying the Sears Tower or Versaille for a Monster Box, and that just isn't going to happen. Also, as things slow, the early adopters will be puking out PMs, which is what seems to be happening now. Everybody gotta eat.
Folks here are forever hammering Gartman and Stolper for being dead wrong, but if anyone has been absolutely dead wrong it has been the PM Promoters and their congregation. Those guys hosed all of you, no matter where you bought. Even those who bought in 1999-2000 could have unloaded into the rather obvious bubble in May and September 2011, and could buy it back now if they so choose. Instead everyone just screams "I haven't lost if I haven't sold (Pets.com folks say that too?)", or "MANIPULATION!".
Whatever happened to CrashJPMorgue.com? Looks like Gilbert Gottfried (Max Keiser) and Mr. Lennon Hendrix got it more wrong than Gartman and Stolper.
Actually when all this blows up, only commodities and HARD assets will be safe.
Did it ever occur to you to ask why the prices of PMs are going south when the demand is going north?
It's common sense.
And don't even get me started on that sell pm buy am proof.
The existence of a fact does not depend on your belief.
Pm's are for all intents on sale. Put nearly
anything on sale and people who see value
in them will buy. The problems I saw when
I bought my first order are all worse than
they were then. I see no reason to sell or
to stop buying. I wish I did.
Chindit always jumps on to kick the PMs when they are down, but when challenged will never say where he invests his MI6 paychecks. Why is that Chindit?
You get a +1 for the Gilbert Gottfried/Max Keiser comparison, LOL.
Actual Chinese demand is down 21.4% but again this is Chindit, one not known for being anywhere close to honest. Indian demand is not being reported, so it must be up y-o-y.
"The premium of the Shanghai price over the international price, an indicator of Chinese demand, has risen to 0.4 per cent this week yet is still lower than the 0.6 per cent it was at mid-month, according to Mitsubishi’s Butler"
The miners should stop selling gold and silver in or just right before December. December is a huge delivery month on the COMEX. It would make sure gold and silver are actually extracted and not rolled over into paper. The PMs would easily moonshoot. Silver to $100 in a matter of days!
Your right it's high time the miners said fuk you.. They need the comex like a hole in the head..they could sell their production direct and cut out the middle man.
If they could they would.
Chindit why are you lying you know your full of shit....Hong Kong is not the hub anymore..yes Hong Kong is down 40 percent but Shanghai is kicking ass...also almost no inventory of silver it's almost all gone
Nobody know what's really going on but seeing as how the dumping of large paper at the most illiquid times let me give them to you it's 1am 4am 8am. All hours with low column selling billions..this is no hedge fund this is the fed and the bis. The day will come when they will hang they will not be as fortunate as john law...
Manipulation on such a scale and all they can do is 1148?? I'm surprised.
2 billion it crazy who sell 2 billion into an illiquid market in the middle of the night..I'll tell you who the fed or their friends. Man they are desperate.
Both the Fed and the Chines, but for different reasons. China "hedges" and by doing so drives down the price to buy even more. And the Fed... you know...
I bet a bunch of ZHers are "backing up the truck"!
trucks
Turns out it's silver to 0 and dollar is the store of value! CBs for the win!
Maybe we just need to out-survive the banks.
Then move into their empty branches and use their vaults to store our PMs.
There will be a sale one day on bank branches.
Back to street level mid-town mansions, on every corner...just the ATMs won't work.
Tick Tock, how low will it go!
I think this will continue until after the Suisse vote, then depending on the vote, the price will reflect. Let's just hope the Suisse are smarter than a 5th grader.
Remember the history, when the 7 Gov's signed a deal to keep the price of Al under $35 they refused to let the price rise they had to "control the price" then the us defaulted.
I'm sorry to say, the average Swiss does not understand gold, buy gold, or own any gold (except for the wedding ring, some jewelry, or the SNB gold). Except for the people that initiated the referendum (or rather "Initiative") all Swiss media outlets, political parties from left to right (including the SVP), the SNB itself (of course) the Bundes-, National-, und Staenderaete, etc etc are all against it. And with the current price collpse, the SNB will probably come out on how much they just lost, and TADA... it will be a ~63% NO IMHO.
eye yam bye in.
i owne some gold. But. axiomatically if gold is a good barometer of inflation, then it is also a good barometer of deflation. the stats say that deflation is starting to win, so... gold should fall.
Feels like WWII Germany with these Night & Day Raids.