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Who Knew What When In Gold & Stocks This Morning?
Gold trading this morning had some oddities. This was more than the normal shenanigans as just before the official release time of 0830ET, gold started to drop then accelerated past the official release time. But... the actual headlines hitting news wires were delayed because of the lack of lock-up and as is clear below, the 'real' selling did not start until those headlines hit. So was this auto-algo selling at 0830 no matter what to ensure markets got the message... or did someone get the unlock-up'd headlines 'earlier' than everyone else?
More 'odd' than normal...
and it wasn't just gold...
h/t @NanexLLC
Of course - coming just day after the RBA fiasco, clearly anything goes...
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Lazers man. Fukking bend time and shit.
It's all Bullshit!!! We (the little guy) have no chance in a rigged casino.
I'm working on a Quantum Theory of Gold tm.
Quantum theory used to say that one can know where the gold price is, or where it's going, but not both.
Now, one can know neither (unless we can prove the existence of the theorized though elusive NSA particle).
Manipulation has become the primary force in the gold market universe.
Yesterday there was a thousand contract synthetic short put on Jan 2016 GLD at 125 strike price. Sell 1000 125 calls, buy 1000 puts. Good work, if you can get it. Edit: $300k profit today, the next day, as of this writing.
Ah, 300k is like one weekend of partying for Bernank et al. Let them eat Chipotle.
It might just be that a few seconds before the announcement is when all the algos lock in the bets for their masters. I suppose it depends on how many bets the other way get put through at about the same time.
Not today, but rather yesterday. 1000 contracts even. I misspoke, it was a "synthetic short", not a synthetic put.
In land of the blind the one eyed man is king....
@Rehypothecator ..This is one farling crazy bet if de understanding be correct:
Yesterday there was a thousand contract synthetic short put on Jan 2016 GLD at 125 strike price.
It the wager betting that the spot price for one ounce of the precious physical will dangle below 125 USD? Or is it an attempt by the invisible hand to paint the board? Or a capital loss write-off? Did some one bet that one hundred thousand oz of gold will print at or below 12 Million Five Hundred Thousand USD's in 2016?
The only thing I can make out of the pridictably and not too unobviously contrived unison spiraling ballet of sovereigns - and the fact the US has pretty much lost the currency war - is that US debt will be offered at higher rates. Does Yellen "of Troy Tungsten Ounces" realy think a a few basis points of non-nutritional rate hikes will prevent, or slow, the exponentially increasing wholesale dump of US bonds?
US and the EUR are on a par consumption wise - at the to of the pyramid - but at least Europeans still make stuff. The us only manufactures debt these days. Commies are making subcomponents of our defense assets and the commons is subsidizing US flagged bombmakers for offshoring our jobs and our technology to Panda Land.\ China ain't worried, or at least it seem to be the case, cause they got warehouses full of the US common's patents and trade secrets - trillions of bucks of our investments beyond our custodial protections for a few billion in receivables - less than a penny on the dollar. We can't even fly to ISS. We put our shorts on backwards and bow, facing away, to self anointed neo-noble retards and offer ours greased cloacas for their pleasure.
Some a-wipe once responded to a reporter's question about "rape" by suggesting the victim just sit back and enjoy it. The have it alls vs the have nothings. Prime tenderlions and tradable bling on the hoof when some hapless "have it all" fools taliwaks an excessive conspicuous consumption rut drives his Lamborghini beyond the walls of an overcrowded judical compound. Their body guards will have an extortionist's field day,
It must be great to be able to trade on insider information.
For the most part no one really seems to care they are being cheated.
Or that they are being marched right into WWIII.
Why don't they care? It's the only thing that will save everybody.
Yes, fortunately The Quantity Theory of Gold was worked out in detail well before Newton.
It states "The more gold you have the better, you'll see."
?P?G >= QEbar/2
(Those question marks are supposed to be capital greek deltas.)
Blame it on the electrons since they don't care about the direction time runs.....
"It's an exclusive club, and you're not in it." - George Carlin.
QE in the USA made the dollar strong.... Nobody saw that coming, who sees it going?
Dear ZH: it surprises me that you haven't been listening to one word that Andrew Maguire and Alisdair MacLeod have been saying all week about China taking over the gold fix on March 20th. Andrew knows exactly what sparked today's smackdown:
http://kingworldnews.com/andrew-maguire-smashed-gold-today-hsbc-shocks-c...
What difference does it make?
None really. Reality will have it's grip around the neck of those Shysters.
That's lasers.
Gold is dead for awhile now, it's the dollars turn...wait for new lows t obuy, sorry just being real
It is dead as long as U.S. foreign policy does not further upset Russia and China. Fortunately or unfortunately, whatever your perspective happens to be, gold valuation is no longer the purview of captured Western economies.
In USD terms, yes. However in foreign curriences it is alive and well
These "markets" have as much to do with reality as derivatives on the yearly industrial grain production in Middle Earth.
The ever expanding derivative bubble of political and corporate flatulence
Phyzz is what it IS
Ah, the newest manipulation? Wonderful. The upward reversal will be epic ^^
There won't be one.
Of course there'll be one ;) The Fed rate hikes are pretty unclear. The dollar is strong due to the anticipation. When the dollar gets weak, gold will go higher again.
... or ... gold will get weaker still and the dollar will go its own way vs other currencies.. up or down...
Dude... You don't get it... We're only talking about the price in dollar, when gold is doing pretty well in many other currencies. But when the dollar realizes it's better off without the US Petrodollar Poniz Scheme, gold will explode in dollar terms...
When GLD is nearly empty the price of gold will start to go up, of course there won't be any available to buy..., but you will need it in order to buy anything else (outside USSA, and maybe inside too, if the .1% get really nasty).
and if that doent happen first, china are later opening their own (phys only) alternative to the london fix.
From that point on they will offer a premium which will result in every last ounce being drained from the wests coffers
When I have a good trade I attribute it to dumb luck. When I have a losing trade, I know it’s my own damn fault.
Your approach probably saves the ego. My approach built wealth.
Everybody gets what he wants. Enjoy yours.
Won't end until they get badly burned -- on multiple occasions.
So far it's very rewarding -- the furthest thing from getting burned. And so it continues...
Rules are for the obedience of fools and the guidance of wise (and properly connected) men
Silver below $16...
hilarious...more for us.
"THANKS MR. FED..."
death to the moneychangers.
bought some more yesterday. go team
I've been buying as well, but not that paper shit.
2.50/oz premiums around here, still a good price overall though.
I knew something.....I knew this was more bs and time to make an order. Early in the day, prob go up a little before the weekend closes it. If it doesn't BTFD opportunity all weekend folks.
Cost averaging.
Seriously KG - my comment from yesterday afternoon:
"Yep...and Au will close tomorrow below 1175."
http://www.zerohedge.com/news/2015-03-05/goldman-warns-snow-may-leads-lo...
No one can possibly be surprised by this stuff anymore.
The graphs are comical- Waterfall, a little up down, waterfall.
"stocks are at an all time high nasdaq 5000, it's like it's 2000 again" lulz
Opportunity for those with cajones, and ability to read lines on a graph.
We all KNOW the markets are rigged..its just a future fundraiser for politicians and the Justice dept or the SEC...whoever fines first...but we also know that the Central banks want nothing to do with gold and silver competing against them in a fair fight....so they will cheat...to the end
Thanks. I always take investment advice from internuts
1. BOJ (they know in advance, but haven't the self-control not to frontrun)
2. Knew the jobs number would beat, knew they needed to smash gold to send USD higher vis JPY
3. Knew at 12 least hours in advance, PMs started selling off at 2:20am ET
I will warn you guys I have my condo under contract after 6 years of nothing in Denver....and when I get that cash...its going into gold and silver...so just before it closes..I expect a big jump in price....see I have no luck...
Gee, Blatant market rigging and front running of said blatant market rigging.
Welcome to Dirtyfuckerville, have a nice day.
Surely somebody will be held accountable for 7 seven years of fraud and market racketeering... Whatever.
This isn't "gold" and this isn't "the gold price": it's fractionally-reserved paper derivatives designed to "expand" the "supply" of gold...traded back and forth among a very small clique of insiders.
The governments support this system and continue, through their "regulators", to enable these clowns to dictate the "price" of the real metal.
There is a soccer team in Italy, Parma, that is about to 'suddenly' go bankrupt. Seems no one could have seen it coming. Debts of 100m euros. Has changed ownership for 1 euro twice in the last 6 months.
How is that even possible? For a company to go bankrupt 'quickly'? Because of shenanigans, fraud. And thats what we see in the gold markets as well...
You guys haven't tired of taking it up the ass yet?
the more they lower the price, the more it will sell. the more it sells the more they will have to keep the fraud alive by beating it down. it's a cycle that is unsustainable because unlike fiat, PM's are finite.
golds been range bound around 1200 for years. It's not taking it up the ass, it's owning an asset that is manipulated. It'll change soon enough. Don't you have a climate change conference to attend?
Lotta longs here in at much higher (assuming they still show their faces here)
As far as the climate goes, I prefer a reality based approach unlike many here....
Toodles...
The latest IPCC report has truly sunk to level of hilarious incoherence. It is quite amazing to see the contortions the IPCC has to go through in order to keep the international climate agenda going."
MIT Dr. Richard Lindzen
That depends, do you have false teeth?
But CNBC assured me that without question, the statistics are:
If the employment number is bad, stocks go up;
If the employment number is good, stocks go up.
Therefore stocks always go up.
Thankfully I was short on the opening.
Why play in a rigged casino?
time to get that car loan and a home equity loan and buy more stocks
No. No. No.
GOLD
BUY. BUY. BUY.
ZH you gotta nix this pop up app ad shit. I can't even read the fuckin site anymore. Someone give me a link to a pop up blocker for iPhone 6 app or a suggestion. This is fucking ridiculous.
ad block plus extension in firefox or chrome will block all the garbage that makes sites unreadable. I can't even surf the net without it.
I have tried to download it but my "Rejected thinks it sucks and thusly is better than me" iPhone 6 won't get it. I'm a net retard, admittedly. I have no ability for ghostify or adCock 17 with fucktard repellant. I'm just a dipshit with a spyPhone.
Iphone 6
lol...
What do you suggest then?
Yeah, because me and my landline and you and your flip phone are so cool!
Get a blackberry z10. tptb are punishing the company for not spying.....
A useful tool without all the annoying bs.
RIPS
In the IOS world, the only thing that works for me is to go under settings for Safari and turn off JavaScript. ZH then acts normal - except you cannot watch videos or see much Banzai. If any of those look interesting I flip JavaScript back on, reload the page, run the video, then turn JavaScript off.
Thank you very much the seems to have worked!
What add??? "Adfender"
Ghostery.com It has a version of Ghostery for Android and iOS.
I run it on my Mac and my phone. No Ads, stops trackers and blocks pop-ups.
Cheers.
I don't always buy PMs, but on big down days I prefer to place an order on-line for some moar PMs, then play (gently) with some pre-65 'real' money.
Gold, Gold, Gold.
Bugs will remind you that you cannot lose if you never sell.
Same with empty tuna cans.
Gold and full tuna cans will make you a lot happier!
Ukrainians, Greeks and so many other people in the world will agree with you full heartedly.
American zombie consumers of Kim Kardashians's sex stories are too stupified to give a care. They will wake up when they realize they have no gold and their cans are all empty. The stores no longer accepting paper money and the shelves are bare.
Gold and Stocks lower means the Dollar is soaring.
What the hell's wrong with low priced gold at this juncture?
Dollar soaring and yet food prices keep rising as well as Utilities. = SCAM
I bought into this dip. 800 shares of a mining index then sell 8 long dated call options that are out of the money. I have a good feeling about this one :D
Gold is like a home insurance policy. You don't stop paying premiums while there is an encroaching wildfire
just because the wind temporarily changed direction.
The old guard wants to ride their beaten old shitty US$ horse into their sunset.
Can't wait for the Chinese to take over with their Mao paper and give the Feds literally a run for their money.
Hey, the shysters are trying and we will see if the world is accepting a strong Dollar with 18 trillion in unfunded debts backed by a measely shitty economy and an army of $10/hr part time workers.
The economy is doing so well the market collapsed today.
In other news Harrison Ford took out Larry, Ted, Jim and Tom's foursome today....
#78 find Larry, Ted, Jim and Tom, movie critics.
That was#79 on his bucket list
#80 walked away, good landing.
So a BS employment number causes gold to drop 7% and the dollar to rise by over 1%. I get it, the world has gone mad!
You mean 1%, not 7%, right?
Strange?
"Celente – Why The Closing Of London Gold Vaults Will Shake The World!"
On the heels of the remarkable news from Andrew Maguire today that HSBC is closing all of their gold vaults in London, today the top trends forecaster in the world called the news from Maguire “groundbreaking and earth-rattling.” He then stunned King World News by exposing why this will shake the very foundation of the gold world.
Eric King: “Gerald, your thoughts on this remarkable news that Andrew Maguire exposed to KWN that HSBC announced they are closing all of their gold vaults in London — a real shock for their clients.”
Another Shocker – HSBC Is The Custodian For GLD
Gerald Celente: “It should be a shock and it’s big news as is the rest of Andrew Maguire’s insights (in his KWN interview). What’s so important about HSBC closing down all 7 of their London gold vaults is that the Spyder Gold Trust, ticker symbol GLD, the custodian of that GLD gold is none other than HSBC….
http://kingworldnews.com/celente-closing-london-gold-vaults-will-shake-w...
Add this link to the Andrew Maguire article: http://kingworldnews.com/andrew-maguire-smashed-gold-today-hsbc-shocks-c...
They are so obviously mismatched to their underlying physical holdings that large institutional entities are unwinding their fractional gold and silver risks. The resulting deleveraging exposes the bullion banks' rehypothecated positions. As this accelerates it is forcing a 100/1 unwind of paper positions.
[...]
There has been a slight delay with the launch but I will have a hard date for you as well as the name of the exchange by next week.
Within a few weeks this will change the way gold is traded as we witness large migrations of unallocated LBMA position holders unwind from high counterparty risk unallocated positions and then allocate into secure vaulted kilobar accounts outside of the LBMA bullion banking system.
In other words, real allocated bullion will have to take the place of fractional reserve holdings. This leverage unwind will wrench the reins out of the bullion banks' hands and force a cash settlement. We also have a treat for the bullion banks. As this deleveraging forces the buying of bullion, the soon to be announced exchange will introduce a new ‘pairs trade,’ short paper gold, long physical gold XAU/AAU. This will represent a low-risk trade and a nail in the coffin for the LBMA.
[...]
The other big news this week was HSBC giving only 2 months’ notice to clients that they are closing down all 7 of their London gold vaults! This is an unprecedented move. Why do you think this is? It is because transparency is coming. There is no profit in plain, vanilla bullion banking any longer.
[...]
King world news? Thanks some funny shit.
Yeah, but KWN is like the National Enquirer of PMs.
But, maybe Celente is right. He's been more right than wrong...
I get too nervous reading KWN.
And, I do not even want to look at my miners.
However- did everyone notice Pd did NOT crash??
Fun fact: APMEX sent an offer Thursday morning to certain email subscribers to sell them gold bars at spot price PLUS get free shipping and no credit card fees. How coincidental, I mean, generous of them to unload all that gold at $1,205 Thursday morning...
Arggh! I bought moar!
But it will probably go down again next week!
Then I will buy even moar!!!
(all numismatic issues, fyi)
Shoulda bought M855 green tips.