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Something Appears To Be Going On With Gold
Something appears to be happening to gold. That something is either China finally revealing its true gold inventory, which is unlikely, or, more likely, the biggest fat finger in the history of gold, as a liquidity testing algo goes absolutely insane in the pre-open period (and loses its job on the BIS' payroll). Or, most likely, just an ongoing bad print.
... and the algo, or the bad feed, or whatever, keeps going. $1400 now.
And... CTRL-Z. The liquidity test is complete as electronic market reopens for trading.
And for those curious to find out what happened, speak to the programmer of whatever the liquidity test was that moved gold higher by $0.10 every second in 1 contract in a diagonal fashion.
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Vlad bought 2500 tons the FED sold 3000 fun over
Looks like everything is "fixed" and we're back to the "real" price.
Gold Seek was up to $1,467 on the ask with a narrow spread. Then the bid collapsed back to $1,201 something strange indeed. Now the ask is back to $1,201 too.
It went to 1467 on both the Globex and the LBMA feeds. Back to normal now.
This does not make any sense, WTF was all that?
https://www.bullionvault.com/gold-price-chart.do
Why doesn't kitco report the same results?
Very weird, you can still see the gold peak at https://www.bullionvault.com/gold-price-chart.do, but not with the 1m or 1q options, not sure what this was in the end. All manipulation, probably nothing to understand here, just the usual nonsense of the economy.
The Gold stocks moved before the Gold price.
it was just APMEX and Gainsville Coins havimg some fun and enjoyimg the rush if orders dor those looking to arb the spot price while the markets were closed for an hour.
fleecing the plebes.
Listen!
odd tho after the Bid wen back to 1200 the asking price stayed at 1458.7 for a while... Not just your avarage glitch me thinks.
Do not be alarmed, this is only a test of the emergency price manipulation system, again this is only a test, your normal programming will resume (wink)"shortly" (wink).
100% right!
Sure was fun to watch! Bet some felt like Lincoln when he heard jubal early was shelling the noth side of washington ie shit meet pants
Netdania showing a High of 1467.20 and current price of 1201
Normal trading and fair markets.
/sarc
$12.01 please.
So what happens if somebody was short gold, and put a stop loss on it, and it kicked you out at say $1400 an ounce because you were so far down? Can somebody explain?
Sure -
COMEX to GS - "Our apologies we will reimburse all of your losses"
COMEX to GS clients and all other useless eaters - "Please accept this margin call"
if you are the Vampire Squid GS nothing happens, your stop loss trades get cancelled. You cant have 1,987 days without net trade losses without cancelling a few trades that dont go your way ....
some old fin experts predicted jumps in 100s per day , other gold insiders revealed few days ago that big money clients are buying physical with 20-30% premium ... ?
What platform are these charts from?
One day this is actually going to happen...
Fire drill to make sure everyone did what is necessary to prevent it.
Expect these from time to time.
...again.
Everyone's havin trouble with their tickers cuz of ticker troubles.
I watch the netdania chart a lot. It zoomed at a quarter past 5, a dead zone where nothing usually goes on. The 'buy'em' algo got left on while the 'sell 'em' algo was dead. It usually makes a stupid square wave pattern, this time it r u n n o f t.
The volume was tiny.
Edit - now they fixed it on the chart. Never happened. Such power exists.
Gold off $267 back to negative LOL
I can see it now...
"Gold dropped 267 dollars today" - CNBS Whore
http://www.goldmoney.com/prices-and-charts still has gold above $1400
I’d like to claim part responsibility for this action; but that would be a real long shot.
Anyway, it’s always interesting to imagine what would happen as more people learn the massive amount of “cash equivalents” that are collateralized by gold.
By “cash equivalents” I mean 1) the term, “cash equivalents” that appears on the asset statements of corporations (where it used to be, simply, “cash”); 2) all issued Federal Reserve notes; 3) all federal debt instruments; 4) MBS possessed by the FR (possibly others); 5) total reserves of the American banking system; 6) $ instruments held by foreign investors; 7) among other items.
All these “cash equivalents” are collateralized by a scrap of paper held by the Federal Reserve listed as “gold certificate”; which represents a claim on a scrap of paper held by the US Treasury and listed as “gold and gold swaps”.
This phrase, “gold swaps”, should tell you that the alleged gold of Fort Knox is not all physical: at least part exists as paper.
Now, our problem is, ‘What price is necessary to make the collateral, “gold and gold swaps”, equal to all those “cash equivalents” (liabilities) listed three paragraphs above… $7000…. $70,000… infinity?’
Don’t hesitate to have your lawyer or accountant verify my work.
Oh, one more item: the more people that learn this info, the faster we’ll see those prices.
Awesome read as always. Your website is a treasure trove of clear insight based on exhaustive research.
I have worked on the financial software side of Wall Street for over 20 years and have seen and heard many first hand accounts of the ongoing cartel looting but your piece filled in many holes that I had in my comprehension of the ponzi. Thanks for connecting so many dots and allowng me to discard some of my previous illusions.
One sequence that made me really sit up and notice was the zero balance accounts to not enough treasury collateral to the MBS as collateral to the land / buildings as collateral for China sequence.
Thank you for all the work that you do.
Thanks for the compliment.
I’ve always had difficulty asking for money/revenue… but, I do have a desperate situation here.
Nevertheless, thanks again, C/A
The religion around gold being the saviour investment is idiocy. If you want to make an investment that is infinitely better at protecting your future, then get semi-automatic 12ga shotgun, kevlar vest, lots of ammo, and training on how to use it if you don't already.
And part of the future you're protecting should be stacks of precious.
Absolutely.
But some people have all that and a festering pile of germ laden scrip far in excess of their purchasing and bill paying needs.
They want some gold, silver, something real and permanent. They catch the bug and here they be.
After a good arsenal, the next best investment is a good farm sufficient in size, quality, etc to provide your food needs.
Worked in Waco,.... oh ya nevermind
You didn't hear? Your daughter and her boy friend plan to whack you and sell everything you have. Don't eat the fruit cake this year! They all ready got a trailer house ready for when they move to Florida to open a tatoo parlor with his cousins Earl.
Sounds like the cousin has a talented Earl.
That's the thing gold bugs don't get, if society devolves to the point that gold is the currency of choice, than gold will be just as worthless as every other medium of exchange. Non-perishable food, a secure location, and weapons for self-defense will be the only currency of value.
If just hedging for inflation, then income producing tangible assests, e.g. real estate, is superior.
Or Gold could return as money without the world ending?
Funny how there's so many who don't even consider this scenario lol...
The world ending? I guess it depends on where you look. In broke systems, prostitution is about 5 euros.
As a young girl needing to just get by sells her body for this small amount. having some fat fuck climb on top of her and pump for all he is worth , sweating almost having a jammer....
I think quality of life is very important. Death by a thousand strokes....
Seems the only way to get back on the Gold Standard is wait for America to fail. Those with tangable assets like gold may survive better? I'll take that chance and hold some.
As for the American Military and the New York Fed...along with the puppets in Government I will see the burn, hoping to be well out of the way when they do.
Um, no, the world isn't going to be thrown into the stone age because of an economic collapse. Gold has served as money for thousands of years, and it will revert back to that. TPTB will see to it ASAP , after a monetary collapse, that a new currency is put into place, and ALL the financial gurus say that it will be GOLD-backed. The value of gold has NEVER gone to ZERO, and it won't this go around. Guns and ammo are necessary to protect your self and your stuff, but gold will be valuable to buy things you need, and perhaps even pick up great deals....http://www.gramsgold.com/news/after-the-crash-youll-live-like-a-tourist-...
What I get out of this post is that you don't understand utility functions.
PROTIP: Money has infinite utility.
Trendy...
Remington 870 with 00 and slugs protect the gold. Also would suggest AR-15 w/ 40 rd clip and a good scope.
The state protectors of citizens have ammo that penetrates Kevlar. AR-15 with legal ammo will almost penetrate 3/8" steel plate.
Get some gold and silver to buy more ammo and food, someone will trade groceries for gold.
The idea is that when you are not ripping off rounds at your enemy maybe you might want to trade for something. Gold can work for that.
GOLD BITCHES!
Gold charts are the new matrix cat.
http://www.4-traders.com/DP-WORLD-LTD-6500032/news/DP-World--Belgian-ope...
https://www.bullionstar.com/blog/koos-jansen/the-netherlands-has-repatri...
Algos... forgot to turn off perameters " port strike block closed gold Belgium "
My bad
Centrally controlled system, like sony playstation.
That is why world is quitting it
It's not April 1st, I know that much.
Ran to the supermarket and just spent $500 on canned tuna.
Came back and gold back to $1200.
WTF!??!?!?!
:(
Check the chart on Mercury – if it's trending up, you may be OK.
Did you buy european, Atlantic tuna, or the US branded Fukushima infested Pacific Tuna. If the former - Congratulations. if the later, you can still get your money back.
If this was a down move it would show on the kitco chart for sure.....
KitCon you mean?
LOL !!!! ZH needs a better gold feed/broker :) )
C'mon, man, it's the weather.
can't even hold $1200 as we start sinking yet again
This just in:
SHIPPED: 5x 10oz Scottsdale STACKER® Silver Bars 50 Troy oz .999 Silver Bullion
I know that's not a big deal to many around these parts, but, it was a significant addition for me. Best part, I bought on eBay and used PayPal credit, which gives me 12 months interest-free to pay. Thanks, Alan, Ben and Janet (BTW: You suck!).
Good for you, I'm considering shorting fiat the same way. Take out a fat loan from JP Morgan buy gold and have a boating accident in Chile.
Lloyd the Roid Blankfein just filled his Maidenforms with hot Hebrew mud.
The Chinamen are at lunch , whats the big deal ?
http://www.kitco.com/market/marketnews.html
Silence is Golden
I am sure this has been mentioned at this site before
I watched a vid this morning called Project Prophecy re gold that happened to be left on my computer screen
It was an interview by Money Map Press with Jim Rickards
Very fascinating info that implies the Pentegon has a war room that has plans for economic terrorism
Jim apparently works for them as an adviser
Anyway he is implying that this thing will go down in 6 months from now
http://jimrickardspredictions.com/?gclid=Cj0KEQiA7tCjBRDulMny5rfM0dkBEiQ...
http://projectavalon.net/forum4/showthread.php?74969-James-Rickards-Proj...
some interesting photos here
What is our "Day After Plan?"
You won't like the answer
Dear Concerned American,
Mount Weather is a national security stronghold located near the Blue Ridge Mountains.
Its maze of underground bunkers is known as "Area B."
My colleagues have given Mount Weather the code name "High Point Special Facility."
You can view footage of it below.
This is where Congressional leadership was transported after 9/11.
Below is footage of the Pentagon's Raven Rock Mountain stronghold. It is located not far from Camp David.
The primary command facility here is codenamed "Site R," and nicknamed "The Rock."
I'm sharing this with you now, because my colleagues and I in the U.S. Intelligence Community have uncovered a series of alarming signals that point to a fast-approaching, 70% stock market crash.
And we have begun to prepare for an unstoppable $100 trillion American meltdown that will be unleashed in its aftermath.
Unfortunately, our government has already put emergency measures in play for this coming catastrophe as well. They call it "The Day After Plan."
And these two locations, at Mount Weather and Raven Rock, have major roles to play ahead.
I'm not asking you to believe me now. I realize what I'm talking about is very serious.
Which is why I strongly suggest you take a few moments to view this evidence.
And then ask yourself, "what if I'm right?"
Click here to continue...
Stay Safe,
Jim Rickards
Financial Threat and Asymmetric Warfare Advisor
CIA & The Director of National Intelligence
Unrigged
When everyone starts demanding delivery from the COMEX it's when they shut everything down.
Surprise their levered 100oz for every 1 oz.
Have you read the CME CLEAR rules?--
just yellen testing new print and buy software
no need to press the button anymore
Looks exactly like readings from the altimeter of a trial balloon.
Move along. Nothing to see here......
This does not repeat today. Of course it was an anomaly, so it should not repeat.
But today we did not see a dip in the silver price from the Globex feed just before the close, as we have seen almost every day for some time. Quite interesting that this manipulating tactic stopped now.
I know a lot of gold dealers including some really big players got really annoyed about what happened yesterday. Probably some of them took action to ensure the feeds were not manipulated around the close, and this means the silver manipulators did not dare do their usual job at the Globex close today.