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Another Day, Another Epic Gold(Miner) Slamdown
Presented with nothing but admiration for the arrogance of manipulators.
Because nothing says fiduciary duty or best-execution like a 2-second dump of 1.25 million shares of Gold Miners (driving prices down $2)
Sell Mortimer Sell...
and close-up thanks to Nanex... a perfect dump to the LULD circuit breaker levels!!!!
$GDX #flashcrash !
Déjà vu - See that red line? That's the LULD circuit breaker pic.twitter.com/jgmBt0OeXj
— Eric Scott Hunsader (@nanexllc) December 3, 2014
Just like AAPL, when it hit the lower bound on its LULD:
See the red line? That was $AAPL's circuit breaker. Trading went right to that price and bounced pic.twitter.com/XGoBbahgVN
— Eric Scott Hunsader (@nanexllc) December 2, 2014
So that's it - how to trade US equity markets, trail bids 10% below every tick and offers 10% above (or whatever the circuit-breaker LULD barriers are in your market - and hey presto, instant money.
As for what caused it, nobody knows, or will know: a market may be broken but as long as it keeps going up, nobody cares (when it all goes to hell, that will be a different story but everyone at the SEC will conveniently have resigned by then). One theory, is that like earlier today when a bunch of stocks went ballistic on an ETF trade, is that the DUST gold miner 3X ETF went vertical for whatever reason, and in turn it send the gold minger space plunging.
A theory, but as we noted: nobody will know, because frankly, nobody even cares any more.
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the SEC needs to start banning all sell orders larger than 10 shares/units. there. problem fixed.
The next '87 style crash will happen in seconds. Brace yourself.
Actually, it won't.
I did reseach on this for another posting a month or so back. The circuit breakers will trip and shut down the entire market for the day before it hits '87 levels on a percentage basis. So what will really happen is that in a few seconds we'll go from a normally operating market (ha!) to total shutdown. The next day the same thing will happen, the market will open for a few seconds, then shut down, repeat until they turn it off totally or true price discovery happens.
none of its going to matter when they find out their "brilliant" move to unallocated gold is a farce and its been leased TOO.....heheheheeh......things are going to be very interesting going forward
http://news.goldseek.com/GATA/1417624727.php
Gdx is fucking wild...... we flash crashed some folks.....
Actually, one day the market will shut down and just won't reopen. At this point I'm surprised they even let average people invest in stocks. You would think they would have made it illegal by now. Think of all the things you're NOT allowed to do any more because it could cause health problems or there could be an accident. Meanwhile, not the slightest scrutiny about letting people put their life savings into the stock market. When is the government going to wise up and limit people's investment options to CDs and Government bonds?
They will always allow people to buy stawks.
Now selling them......
pods
Government Bonds are leveraged currency risk.
NO. That statement also has nothing to do with gold miners, does it?
If you buy the "physical" then you need a hedge. Well you do if you buy 115 tons of it. Right, Neatherlands.
Mines, mine everything but gold. Big mines dont get that way by asking for a loan on mineing gold. They get big by mineing everything else.
If you want to build a mine never say you want a gold mine for a loan say tin, or something that you can sell at a high price, copper being the best.
Government bonds are for stupid people or people who cant invest in anything else, thats why they do so well.
If you can get yourself the franchise, it's a nice gig to be able to print (& counterfeit) as much worthless paper currency as you want to:
1. lever derivatives to your advantage to achieve any price you want
2. skim physical with the proceeds
This is proving a lot easier than the previous plan to become LANDLORDS IN CHIEF with the housing bubble.
Next thing you know they'll be buying land which sits on top of major aquifers... OH WAIT!
Not entirely sure that would apply to assets other than US exchange based listed stocks. What happens to securities linked to futures? Its a great post to mine. I wonder if TD could weigh in.
What it will do also is destroy what little confidence is left in the "market"....
that's the goal:
shut down all markets and evolve to homo reciprocans
it'll be fun!
don't worry about it.....this is all just foreplay for the boyz......they're movin' into this sector and closin' out the final shorts......sit back and enjoy the ride as they rotate out of the pigs they blew up like NFLX CMG AMZN etc......now they're gonna take this sector up
And the stock market is barely up, but to a record level...No surprise after the weekend.
IWM looks like it did something similar.
We trail bid some folks...
As long as there are no (severe) consequences for this type of activity it will continue. Especially if it furthers a larger global agenda by the powers that be.
As long as there are no (severe) consequences...
And the definition of "severe" is ??
Just wonderin'
(.45acp?)
Apache Sleigh Ride
If you're the custodian, your fiduciary duty is to your shareholders, not those of your client. i.e. margin call.
or not, I'm an ultracrepidarian in these matters.
Looks like a pissed off margin desk to me;)
GDX closed up today ~2%
I show 0.02%
It was 2% until the little end-of-day magic show - the slump going into the last 15 minutes was hinting at weakness, but you really have to hand it to the cocksuckers who pull this shit off, on a fucking index for fuck sake, and don't get slapped for it. Only in the gold sector.
We kornholed sum folks.....
Good One.
I wonder if he sits in a chair and demands supplicants to lay at his feet and stroke his legs.
- We the Congress & Executive Office Bestow 6 Years war on Fixed Income Americans
- We the Banking Branch of US .gov Bestow a continuation of the 35 year war on US Labor through Cost Cutting Culture and Financial Equities Culture
- We the FED see no problem with the Economy or Jobs, we Bestow a continuation of endless Fraud, False Financial ratings & Audits, Endless Lobbying for Monopolies, and Endless growing Debt for US Households
- We the MIC Bestow a New Era of Endless Wars on the Federal Budget, the US Reputation, and on the US Taxpayer
spy had same
just a sign of how our markets are screwed up at every possible juncture, or junction, or junkie.
That red line looks like a solid support line to me.
But now i am to technical.
Or maybe you've got your screen turned 90° to the right.
The other day Cramer and the rest of the CNBC ass clown posse was ripping the Apple traders that sold Apple all at once at the open the other day. They never say a peep about the traders dumping gold at the open, close, and during the day.
I think it is quite clear now that all these ETFs were created just for more convenient manipulation of the market. Only way to play them is to short them.
i have great news! we have about 10 more months until the plug is pulled
Dooo Tell Dooo Tell. How are you divining such shot calling?
This wasn't an "after hour" occurance, My GDX calls were crushed. It's bounced back up, but this did happen during regular hours.
GDX Calls , you love traps don't you.
For arrogance read desperation.
Squeeze the miners access to the quity markets -- make them borrow from banks. Bank loans require forward sales of gold . . . . to . . . . bullion banks of course.
Now that's a clever (and devilish) thought. I have no doubt you're right.
GDX, down 50% over the course of almost 9 years, sweet!!!!
So... We got the Squeeze going on in NY (literally), in Shale and now Goldmines. What the Frack?
That's a Whole Lotta of Shaking Going On, i.e. Industry Consolidation (via hostile takeovers). A Whole Lotta Love it ain't.
The Elite seem to be squeezing more and more into ever fewer hands. Total Control. Until something gives -- besides the American people, who are doing a whole lotta giving.
They're trying to kill anyone and anything related to tangible assets that doesn't prop the ponzi and the fiat paper "currency".
Same story, new day.
I need to sell and I need to sell now.
Gold will make some money for while...
http://www.globaldeflationnews.com/investors-hated-gold-at-precisely-the...
fuckin criminal retard bastards trying to catch last train and cause panic... just wait few more days and you'll see ... game's over - until mid 2016 & major new reset
Well, after all these years, if they have not scared me out of my positions by now, this crap will certainly not do it. I just laughed at the close when my long term GDX calls had bogus numbers. One of my accounts lost $20,000 at the close in a nano second and another gained $40,000 at the exact same time. What a farce this all is.
And I am sure you have noticed that in spite of the rising worthless crap dollar, gold is holding its own and even moving slightly higher. My thought is this is more than just "noise" and I feel we will have a good tell by the close on Friday IF we close above 1,200. Hang in there all. It will be well worth it. And as posted here often, fully committed and still down over 50% in my miners accounts. This too shall pass. Plenty of cash left to work with. See ya all tomorrow.
ZHers,
Do gold miners have a better cash flow than shale frackers? If not, why is poor performance surprising?
Poor performance is not the same as criminal price manipulation in the last 30 seconds of trading (or criminal manipulation of MOC orders).
i care.
i do. i really do care.
question: if the irs can't audit the federal reserve and the toooooo big to fail banks, than who can??? !!! ???
Need I say, CRIMINALS, will use any and all they have to bash the "precious". Just hold tight, you'll see, the "precious" will reign supreme!
too many buyers in the know
(when it all goes to hell, that will be a different story but everyone at the SEC will conveniently have resigned by then).
What's funny is that they think resigning is going to save their sorry asses.
Just another day in the fraudulent fiction of a market
http://deviantinvestor.com/6592/silver-anomaly/
No country for stops.
All those prudent retailers with their stops WAY below market, just to be safe, are now closed out - I wonder what's on deck for tomorrow? No reason to create such a flagrant violation of tape-painting ettiquette unless you REALLY needed to clean out as many obstinate longs as possible EOD. Gold too risky to hit? Push its retarded cousins down the stairs.
They bash the miners then the next day raid the metals.
We'll see if it holds true.
"Gold minger" sums it up! :-D
The gold stocks are and will go until ending action followed by consolidation. Stocks have been following this pattern since Livermore days, in fact, for thousands of years. It just isn't time to buy. Relax.
If you watch the miners the last 10 minutes lately it is forcasting the next open... Welcome to dirtyfuckerville, have a nice day.
."... nobody even cares any more."
That only seems true because most of the empaths have been medicated. Psychopaths? Not so much. They're not in any pain.
peter schiff save me!
one commenter had a good point, why isn't our officials warning the citizens of the extra-ordinary movements, and risks in the equity markets.
they have mailouts, take out ad space, and report on local, and national news warning the less aware americans, old, and young of actions by people, and, or businesses who are fraudulently taking advantage of them, (scammed).
Simple axe-planation...Ya just dont want to hold the xxx overnight.
Simple axe-planation...Ya just dont want to hold the xxx overnight.
further axe-planation. It is such an obvious trade.
Line up the sheep...again
Is pnpff just a fucking scam? Is inwentash making money as we all lose continuously? He rewards himself as prices go up and then takes no responsibility as they plumet?..My clients know that I am responsible for a percentage of the losses as well as a percentage of the gains. I suppose that my morals are totally outdated. I and my last name indicates that I am not a member of the tribe. Just another dinosaur seeking solace before the the turn.