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Commodities Are Crumbling - Gold Fixing, Swiss Gold Poll, Or Another Fed Minutes Leak?
Because nothing says unrigged like a collapse across the commodity complex (gold, silver, copper, and crude) as London's Gold Fixing Company auction takes place... Or did the Fed leak its minutes like it did in 2013? It appears the real reason is the early release of Swiss Gold Referendum poll data that shows a drop from 44% "Yes" to 38% "Yes".
No it's not the USD!!
* * *
Subtle!!
10:48:31 - 2270 Gold futures and 596 Silver futures trade in 1 second $GC_F $SI_F
— Eric Scott Hunsader (@nanexllc) November 19, 2014
* * *
There is a 3rd possibility...
SRG SWISS REF poll will be announced unofficially at around 11am EST.
It is a private survey so might be out already...
The last survey had 17% undecided (with 44% supported "Save our Gold", 39% were opposed)
* * *
Data is released:
2. SRG-Umfrage: Gold 38% Ja (-6) zu 47% Nein (+8), 15% (-2) unentsch., das Nein baut sich auf #CHvote #abst14 #goldinitiative
— gfs.bern (@gfsbern) November 19, 2014
So a big drop in "Yes" and EURCHF reacts...
and then gave it all back...
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So hawkish it is.
Fraud, white-collar crime, and USD hegemony. To be expected when you're insolvent until flash point.
Then what?
BTFD or Dump
I vote dumpage today
Hello, NY Fed on line 1
Shrink-wrapped my truck with big decleration: "I BUY DOLLARS!!!"
ooow..
We're getting close to the
"Zimbabwe Zone"
Buckle up!
Push it down 5,000,000 Obama bucks! I don't give a fuck, I ain't sellin.
Give the shit away in cereal boxes, I ain't sellin!
Bring your thug motherfuckin jack boots, I ain't sellin!
You see the mentalities you're dealing with you sick motherfuckers?
AWE The swiss were so close to getting sound money
Bankers......1007
Citizens sheep...0
"sound money"? You could add the text of the Swiss referendum to the US Constitution and it wouldn't do jack shit to create "sound money" without changing the Federal Reserve Charter and the US banking laws.
We like to talk about PM's because they get badly abused by the market rigging but if you look at the broad commodities market everything is starting to slide downward. They can't figure out why they can't get the various fiat currencies to inflate, meantime the law of supply and demand is telling them "fuck you".
The demand of gold is trying to be controled by the infinate credit of the central banks. Supply side economics believe that demand can be controled with an infinate supply of credit.
So thats the fight, Supply side vs Demand. Dogma of getting you to take out a loan to buy a cookie you dont want and would never buy if left to your own devices. If you dont buy that cookie they will get your government to buy it and tax you for it, for your own good of course.
Must…..break……$1180!!!!!
Yeah. Southbound side
Gold Capitulated.
There is a renewed appetite for a long bias but it maystay measured rather than manic at this stage. Treasuries lack any Clarity.
Energy remains profiled for some degree of “Capitulation” at any time.
Meanwhile the strong Dollar is showing some signs of weakening.
http://www.sentimenttiming.com/free/
any more obvious....
http://www.kitco.com/charts/livesilver.html
While wondering on the other thread what was going on I had totally forgotten about the Swiss deal coming.
They need to hammer on gold to scare the voters out of passing the vote on the 30th.
So I guess I won't buy this dip yet. The Swiss may still need more "convincing" in the form of more gold beat-downs.
Will save my dry powder for a while longer to see how this plays out.
Question: if the Swiss vote does not pass, do any of you think the Cartel uses that as another chance to hammer the paper down even harder?
Maybe we do end up getting close to 1000 gold and 12-14 silver after all?
i suppose anything is possible with sociopaths in charge of every branch of the banker controlled government, and who are willing to destroy the nation in order to preserve the debt based dollar paradigm...
tis a battle to death as far as im concenred...
and at this point im willing to die with my real money...
what a rebound...now paper Ag is lanching to highs on the day. LOL
Here I was hoping for a 14 handle just so I could raz my buddy at the LCS for some cheaper phyzz. LOL
I didn't even have time to place an order. hahaha
Oh well...no matter what, Friday is payday, so I'll be stacking more for sure regardless of where they have set the price at.
Keep stackin', folks!!! While you still can get some.
king dollar suckers!
never bet against America ... never ... you are warned!
Being the tallest midget does not make you king.
Silver is worth 2% less than it was ten minutes ago. Makes perfect sense whoop whoop whoop aayyuuuuuuuugah!!!!!!
But, but "Gold and Silver are a store of value. Especially when CBs issue more currency".
Isn't that what the immutable laws say?
How much value has your PM "unstored" you?
Moral: Only death is a certainty. All else can be negotiated or manipulated.
ps. Spare me the "In the long run" speech.
Yeah but in the long run ......
LOL...nice
I think its time for you to ask Scotty to beam you up
My PMs are denominated in ounces. Anyone who uses a "sliding scale" fiat currency has missed the point.
It's like leading a horse to water.
exactly...we don't care what they say the paper prices are anymore. Only in that the lower they hammer it the more ounces we can stack with less fiat.
It's about stacking ounces, folks...forget about whatever you gave in the past for your phyzz. Use these opportunites to stack more ounces and lower your fiat average per ounce even more.
This is a gift. Don't scoff at it. Those who aren't paying attention and stacking like squirrels for the oncoming economic Winter will not be happy campers after this is all said and done.
That's not to mean that people put every bit of dry powder they've got into just PM's only. I hate when people assume that bullshit and then make stupid comments like "you can't eat gold...". lol
Split your dry powder up for other things. Keep cash on hand. Stack that long term food storage, water, guns, ammo, med supplies, camping/fishing/hunting gear, etc.
You build up your gear over time. And don't worry about the g-damn manipulated prices. Don't worry about what silver or gold "used" to cost and don't worry about what it will eventually "cost" or be "worth" in terms of dollars.
That's a fool's game the scumbags want to sucker you into.
One day they will run the "price" to record highs just to sucker the dumbshits into selling thier phyzz PM's for tons of worthless paper. Those who sell will be fleeced forever and never to recover after that.
You never sell your PM's for fiat. EVER!!!
Kirk is a weak hand. Just another sheeplet all to willing to hand his savings over to the banks for insurance that expires worthless each and every year. but chastises others for buying Gold. Quelle fucktard.
.
Ask the Japanese about how the yen is a store of value moron. You keep you paper and I will keep laughing at you. How's that for a good deal?
Bones: "But Jim, we're not machines!!!"
I bought AU @ ~ 400 and AG @ ~ 5 back in 04. Please do enlighten me as to how much I have lost since?
Crude is ramping hard right now. See if it holds at 74.70 area. If not then pop goes the weasel.
over 75 now...quite the rebound they're giving the commodities right now after hammering the snot out of 'em for a little while there. It's all fun and games until...
Yep all fun and games until. Looking at 75.50 area to 75.70 as next area that could stall it. Still need to pop over 75.30 first. So we have some resistance ahead of price. If it can get over the hump not much in the way until 76.50 then smooth sailing to 77. But its all a guessing game. Never know what will happen in the world or what robot decides to fuck things up.
If your country or state is in possession of the physical commodity as well as real resources, you can still build and do real stuff. If your country or state is in possession of paper claims on such commodities, well, good fucking luck.
Gold fixing AND minutes leak as per usual
Like the minutes are real, but point well taken.
Not sure of the leak insinuation...that there will be QE4?
power of make believe. When you can make shit up, its SHIT! hahaha.
Normal.
Wow, I really thought for a second there that the BIS and the bullion banks had lost control of the system that they've created and rigged for themselves, and that the price was going to break through 1200, western physical demand would start picking up and the banking cabal would finally face justice for their criminal manipulations and maleficence. LOL
"...and then he said the banking cabal would face justice!"
<everyone laughs>
"... and nobody goes to jail."
- Battle Cry of the 21st century banker
"...and nobody goes to jail."
"...we're all innocent."
No, they hadn't lost control as-the looted Ukraine bullion has been buying time.
What an unregulated corrupt cesspool the market has become.
Physical seems to be the only option remaining.
Go's hand and hand with fake fraud government.
Cesspool? Yes. Unregulated? Dude, nothing is more "regulated" than these "markets."
That's Ukraine gold. Bitchez......
Or did the Fed leak its minutes like it did in 2013?
Why would the Fed leak to Goldman? They dictate the Fed's minutes.
Welcome to the rigged casino run by the vampire squid
Just for the sake of discussion:
if CBs were afraid of inflation and they kept gold down because it worked as the canary in the gold mine, then why would the still love to see lower PM prices today? If gold now works as deflation's messenger, then i would love to see it climb as a CB, just to hide the fact , that the whole economic miracle is nothing more than a mirage...
Something is so wrong here....
They're more afraid of gold supplanting fiat than they are about inflation/deflation.
If inflation was apparent, then it would prevent them from monetizing and easing. Deflation is the justification. Inflation is success and would warrant a pullback.
Lying about inflation (using the fraud ridden CPI data), has always been their playbook. It has always been higher than 2% too. Screaming deflation just keeps the public from realizing their fiat is being debased by by CB's via money printing and counterfeiting.
Please, plenty of evidence for inflation. pissing down a man's back and telling them "it's raining" only works for so long.
A quid pro quo with the Chinese has been my thought for a couple of years now.
They did it before with Chinese holdings of MBS in 2008.
Those UST's were tremendous leverage, and you can bet the Chinese used it.
When does it end ? Very soon is my best estimate.
Correct. Corporatism won in 1971. The elite in both China and Ameria would like nothing better than a world the works for chinese wages.
Right in there with Jim Willie - and you are right on the mark. Who cares what the Swiss do, it's a decision now out of their hands, but squarely in the hands of the Chinese (and Russians) to deploy at their leisure. I think they're simply waiting for the next juicy foreign policy blunder by the U.S. to make a move. Putin likely has an itchy trigger finger by now, but Xi is helping him to be patient...
Cabal Crime Syndicate Loots Ukraine's Gold
http://winteractionables.com/?p=16560
efficent markets..
effluent markets.
for those who think oil dropping due to Saudia Arabia increasing supply ... rather than global economy speaking:
Saudi Arabia`s construction activity plunged harshly within the first nine months of 2014, having overall building contracts across the kingdom dropping by 37 percent.
http://www.icn.com/en/aroundtheworld/2014/11/19/saudi-arabia-constructio...
Its going down because someone is selling a large amount. That seller probably has all the Ukraanian gold that somehow spirited out of their CB, and is hitting bids as they appear. When you steal, your basis is zero and every price is a profit.
Quote "...When you steal, your basis is zero and every price is a profit."
Well said.
As long as PMs do not screem to the upside due to broken rigging then it is reasonable to expect that the price will be slammed down hard before the end of the year.
Yes and before you know there will be no more physical, with the addition of the sold out and shortage of silver eagles another thought occurred to me as I was sweating copper pipe with my silver solder that just went up in smoke never to be recovered again
Crude came in 3.3 million bbls above estimates... gold/silver, who knows wtf happened
Have not moved my mouse or changed one position. Time for breakfast. It is almost comical if it was not so pathetic and transparent. You guys get the feeling they are becoming more and more desperate every day?
fucking A right man...
i mean, really!
So the decision about the Swiss holding gold comes from a fucking poll? Yeah right. Since when do the central banksters give a fuck about what the peons think? Oh that's right - if it gives the appearance that fiat has valuable it's all good. FUBAR. If the poll said that 90% of the Swiss wanted to hold their gold do ya think the CB's would comply? Fuck me -fuck you too.
Why release preselected snippets of the racketeers discussion 3 weeks later when the entire meeting could send any media network's ratings soaring if the meeting were televised live as it happens?
Unrelated:
Gold won't bottom until the news is out.
Huge surprise crude inventory build.
After a brutal start to the winter no less.
Right. Because of a big jump in imports.
http://ir.eia.gov/wpsr/wpsrsummary.pdf
Johnny 5 algos need input
Am I reading it wrong or aren't you saying it went from 44 to 56?
OLD: The last survey had 17% undecided (with 44% supported "Save our Gold", 39% were opposed)
New:
Data is released:
No no. Dont be silly. You need to look at the numbers seasonally adjusted by the Ministry of Truth
thanks. My bad.
I think it is the referendum details for the ECOPOP survey you have - inverted?.
This is not about gold at all, but about immigration!
http://bazonline.ch/schweiz/standard/JaAnteil-zu-Ecopop-steigt/story/264...
the winter comes early, how is the heating oil inventory? anyone knows?
More concerned about the propane inventory. Fkrs ran out last year.
This referendum is idiotic. The NO will ALWAYS win and the shot in the foot of the gold bugs will be phenomenal. Gold will lose ALL its value until the Ponzi scheme finally explodes. And then, it will be in the strong hands.
"PAPER Gold will lose ALL its value until the Ponzi scheme finally explodes. And then, it (PHYSICAL) will be in the strong hands."
Gosh you are stupid.
Keep on hacking
keep on chopping
demand in China
isn't dropping.
Hans will vote
on diebold screens
no worries, mate
they're our machines.
they wont be happy until gold sub 1000
The only think that should be breaking are the assholes bones and skulls that continue to do this.
I'm sick of typing on this stupid computer. If no one is willing to do anything about it than it will continue until we are all dead and buried.
We could be seeing the players withdrawing from the game. There have been a lot of calls for a new Bretton Woods agreement lately. It would not surprise me if the G20 reached some sort of agreement out of sight. We don't have all the pieces to this puzzle.
I must be stupid because I'm buying more PM. Oh well.
Forrest Gump: "I'm not a smart man, but I know what money is"
Diebold involved in Swiss referendum?
Agree on deflation. Wrote this yesterday;
Two things. One is the article I posted on my site; Is Deflation Still a Threat to Gold?
http://buygoldandsilversafely.com/gold/is-deflation-still-a-threat-to-go...
Second is what I said in my Gold and Silver Outlook yesterday that this could be a volatile time with the pre-Fed minutes coming out. Pre-announcement or not, that wasn't hard to predict. If you're a market maker what would you do?
http://buygoldandsilversafely.com/category/current-thoughts/
Russia central bank sees no need for curbs on gold exports
"Because nothing says unrigged like a collapse across the commodity complex (gold, silver, copper, and crude)"
No. Nothing says "depression" like a collapse in basis commodity prices...
So they have a fake results poll to convince the yes votes that they won't succeed and hopefully get them to give up bothering to vote
frankly i think we should expect more and bigger dips and rises in paper gold the closer we get to lost control.
i am hoping for a nice smash down....have a really nice gold miner missed the boat on and hoping fo ther share price get a good whack...
"and then gave it all back", except gold.
The banksters won't feel so pleased with themselves after they get fined $18.50 for todays raid in about ten years time...................actually, perhaps they will.
US futures now rallying
Man I hope PM's stay cheap until the S actually HTF. Thank you overlords, thank you!
FanFu*kingtastic!
To think I was actually contemplating to buy miners yesterday. What a waste of a good 5 minutes of my life. I want my time back.
I knew it was manipulated and they still got me to believe it sort of.
I'm out and staying out.
Suicided?
coffee's the same price it was 6 yrs ago
A peak, if not THE peak is likely in. A Fibonacci level has, so far, proved adequate resistance in both the Dow and the S&P 500.
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
All I want for Christmas is silver at $14.50 an ounce (and no premiums, Santa, ya dirty rat!).
WOW what a bounce any idea why bloody missed it
Kitco's live silver beginning to look like me trying to draw a line on etch-a-sketch...
messy...
Kitco's charts are a seismograph of the world's markets.
and now it's up!
yep nice turn around
But why did silver dip as well? ...... Nothing in the Swiss referendum about silver?
There are times you'd think these prices were controlled somehow.
If you keep the polls close in a race, no one suspects the outcome is fixed.
All aboard!
They can keep their futures, I'll take mine now.
i hope those traders had stops on their longs
the recovery, americas economy, dollars buy less food, energy, and housing, sucking the blood, (all income, and savings), (including pm's) out the hands of the majority of america, it's middle-class.
dollars buy more pm's, letting the 1%, and the the BIS to replenishes their stock-pile cheap, then wash, rinse, and repeat.
the BIS is down to a one trick pony, the fed. controled markets, the boe. controled markets, the ecb, controled markets, the boj controled markets.
they have to do very public, and very extrodinary manipulation now becuase their markets, their control, is on it's last leg.
i think there's two black swan events that could happen soon.
furgeson, spreading to every american city over 500,000 pop., or rouge hft's..
Beginning Ice Age Black Swan would be #3