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Gold Manipulators Busted After Zero Hedge Report On Flagrant Gold Spoofing

Tyler Durden's picture




 

In the aftermath of the Nav Sarao scapegoating farce, one week ago Zero Hedge decided to give the confused CFTC a helping hand and launched a daily series highlighting the constant spoofing and "manipulation" (in the CFTC and DOJ's own words) that takes place in every asset class, but mostly in the E-mini futures ("Dear CFTC: This Is The Market Manipulating "Spoofing" Taking Place In The E-Mini Just Today"). Virtually every day since then we presented the "regulators" at the commodity trading commission a clear example of stock market manipulation, with the exception of Tuesday, when with the exclusive help of Nanex, we showed a clear case of gold spoofing.

This is what we said on April 28:

Here (courtesy of Nanex) are several examples in the June 2015 Comex Gold Futures this morning. All times are Eastern Daylight. In each of these cases, no trades (or a tiny few) executed against the large "spoof" order. You can see how prices were influenced by the sudden appearance (and disappearance) of these large, outsized orders.

 

1. June 2015 Comex Gold

 

Note how large buy and sell orders push prices up and down.

 

 

2. Another set of instances appear about 50 minutes after the first set (shown in chart 1).

 

3. Another set of spoofing instances appear about an hour after the second set (shown in chart 2).

 

You're welcome CFTC — it's the least we can do.

 

Best wishes, 

 

Zero Hedge 

 

Reminder: We won't stop this until you are forced to address the glaring hypocrisy and utter incompetence of everyone involved in the regulation of market microstructure.

Much to our dismay, overnight we learned that while the CFTC continues to be very, very confused and challenged by all those lobby payments by the world's "liquidity providing" HFTs and ignores all documented evidence of manipulation, the Chicago Mercantile Exchange - owner of the futures exchange wheer the bulk of modern manipulation takes place - did read this evidence of manipulation, and decided to immediately take action, suspending two traders for placing the manipulative "spoofing and layering" trades profiled here three days ago which were virtually identical to the ones that got Navinder Singh Sarao into headlines around the world last week. Except, of course, the asset class manipulated was gold. And, perhaps what's far worse, the manipulation sent the price of gold briefly higher.

The names of the perpetrators: perhaps not surprisingly, Heet Khara and Nasim Salim. Extend to Navinder Sarao and a pattern emerges...

This is the full CME release:

NOTICE OF SUMMARY ACCESS DENIAL ACTION: COMEX 15-0103-SA-1 

 

NON-MEMBER:

 

NASIM SALIM 

 

CME RULE: 413. SUMMARY ACCESS DENIAL ACTIONS (in part)

 

A. The Chief Regulatory Officer or his delegate, upon a good faith determination that there are substantial reasons to believe that such immediate action is necessary to protect the best interests of the Exchange, may order that: 1) any party be denied access to any or all CME Group markets; 2) any party be denied access to the Globex platform; 3) any party be denied access to any other electronic trading or clearing platform owned or controlled by CME Group; or (4) any Member be immediately removed from any trading floor owned or controlled by CME Group. 

 

FINDINGS

 

On April 30, 2015, CME Group’s Market Regulation Department (“Market Regulation Department”), through its Chief Regulatory Officer, summarily denied Nasim Salim (“Salim”) direct and indirect access to all CME Group markets, the CME Globex electronic trading platform, any other electronic trading or clearing platform owned or controlled by CME Group, and all trading floors owned or controlled by CME Group. The summary access denial prohibits trading, placing orders, and controlling or directing the trading for any person or entity in any CME Group exchange product. The summary access denial further prohibits the affiliation or business dealing with any member or member firm of CME, CBOT, NYMEX, or COMEX.

 

CME Group’s Chief Regulatory Officer’s summary access denial of Salim was based upon the findings of an investigation conducted by the Market Regulation Department, which revealed that on multiple trade dates during the time period of March 1, 2015 through April 28, 2015, Salim engaged in a pattern of activity in which he repeatedly entered orders or layered multiple orders for Gold and Silver futures contracts without the intent to trade. Specifically, Salim entered these orders or layered multiple orders to encourage market participants to trade opposite his smaller orders resting on the opposite side of the book. After receiving a fill on his smaller orders, Salim would then cancel the resting order or layered multiple orders that he had entered on the opposite side of the order book.

 

Salim introduced Heet Khara (“Khara”), who is also the subject of a summary access denial action, to his first FCM and Salim had an account at the second FCM at which Khara traded in a disruptive manner. Further, it appears that on multiple occasions Salim and Khara coordinated efforts to engage in disruptive activity. In an example from April 28, 2015, Salim entered small-lot orders on one side of the market in Gold futures, after which Khara entered large orders on the opposite side. When Salim’s small orders were filled, Khara canceled the large orders. Salim has not responded to correspondence from the Exchange.

 

The foregoing conduct, as well as Salim’s failure to cooperate with the Exchange, present a good faith determination that there are substantial reasons to believe that such immediate action is necessary to protect the best interests of the Exchanges and the marketplace.  

 

ACCESS DENIAL:

 

Pursuant to Rule 413, this access denial will remain in effect for 60 days, commencing on the effective date below and continuing through and including June 29, 2015, unless the Chief Regulatory Officer or his delegate provides written notice that this access denial will be extended for an additional period of time.

We expect the CFTC and the DOJ to unleash the wrath of god now that the CME showed them how gold manipulation works, something they figured out by looking a this article.

And while we are delighted that yet one more alleged case of gold manipulation is now confirmed, we are curious if the CME, CFTC and DOJ will also prosecute instances of gold manipulation when the ultimate outcome is the price of gold going lower instead of higher, such as the one documented in "Vicious Gold Slamdown Breaks Gold Market For 20 Seconds", "Stop Logic" Gold Slam Was So Furious It Shut Down CME Trading Again" and on countless other occasions most of which have been duly documented on this website.

Finally, we wonder: will the CME, CFTC, DOJ, and FBI pursue as promptly all those instances of constant S&P 500 manipulation and spoofing we profiled over the past week in particular, and over the past 6 years in general? Or was this merely another "Sarao" case when several (non-Caucasian) traders are scapegoated by the regulators, with the naive expectation that investors will suddenly assume the market - in this case that of gold - is no longer rigged?

 

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Fri, 05/01/2015 - 08:10 | 6049986 yrad
yrad's picture

ZH Bitchez!

Fri, 05/01/2015 - 08:20 | 6050007 NoDebt
NoDebt's picture

"The names of the perpetrators: perhaps not surprisingly, Heet Khara and Nasim Salim. Extend to Navinder Sarao and a pattern emerges..."

Wait, what "patterns" are we talking about?

Fri, 05/01/2015 - 08:24 | 6050020 PAPA ROACH
PAPA ROACH's picture

They won't prosecute the FED......

Fri, 05/01/2015 - 08:37 | 6050060 SuperVinci
SuperVinci's picture

Why WONT OBAMA fix the housing market???

Fri, 05/01/2015 - 08:41 | 6050069 smlbizman
smlbizman's picture

they freddy grayed some folks.....

Fri, 05/01/2015 - 08:48 | 6050094 eclectic syncretist
eclectic syncretist's picture

Was it in school suspension or double-secret suspension.  In any case, the boyz are out gang-banging it at 8:30 again this morning, probably singing..

https://www.youtube.com/watch?v=Zj7h9VPEL9E 

Fri, 05/01/2015 - 08:52 | 6050106 Four chan
Four chan's picture

they did something? i still picture the regulators at sec/cfct as the guy eating the banana in boiler room.

Fri, 05/01/2015 - 09:10 | 6050176 Latina Lover
Latina Lover's picture

A few inconsequential minions will be sacrificed to appease the great unwashed masses, while the criminal banksters overlords are well above the law. In fact, they own the law.   This is how things are done in a "too big to fail' aka crony capitalist system.

Fri, 05/01/2015 - 09:15 | 6050193 Pinto Currency
Pinto Currency's picture

 

 

The gold manipulators are at London's LBMA with bullion banks trading 200 million oz of physical gold a day (except it is only paper).

That is the real manipulation.

http://www.safehaven.com/article/36534/lbma-data-points-to-gold-and-silver-default

Fri, 05/01/2015 - 09:15 | 6050205 Dizzy Malscience
Dizzy Malscience's picture

Spoof, the magic algo

Lives by the sea

And frolics in the market

Beyond the CFTC

 

Little Lloyd and Jamie loves the magic code

Which eats the real assets of all the normal folks.

Fri, 05/01/2015 - 09:19 | 6050220 Publicus
Publicus's picture

Banned from CME for being Indian, so racist.

Fri, 05/01/2015 - 09:40 | 6050249 Pinto Currency
Pinto Currency's picture

 

 

Silver is the one giving the manipulators fits right now.

The manufacturers have to have it as you can't build a phone or a solar panel with a paper contract.

And the silver producers are losing their shirts at current prices with declining supply from the primary producers.

Manufacturers that use silver are going to take delivery of some of the 3 billion to 5 billion oz open interest of silver at the LBMA and shred that game.

Fri, 05/01/2015 - 09:42 | 6050299 ParkAveFlasher
ParkAveFlasher's picture

There are +1 billion people in India & Persia, many who have access to English language resources.  Three of these people have been named, three who have the tools and three who demonstrate deep understanding of the technical pricing methodology of all Western markets.  There are +1 billion people in India & Persia.

Fri, 05/01/2015 - 09:57 | 6050356 DaveyJones
DaveyJones's picture

Great work Tyler

amazing how many of these pimps have relic fetish

Fri, 05/01/2015 - 10:47 | 6050531 Leopold B. Scotch
Leopold B. Scotch's picture

Amatuers.

 

-- Lord Blankfein

Fri, 05/01/2015 - 14:37 | 6051460 Dizzy Malscience
Dizzy Malscience's picture

“suspending two traders for placing the manipulative "spoofing and layering" trades” 

How novel.. a CME sandwich.

Sat, 05/02/2015 - 06:32 | 6053188 UnpatrioticHoarder
UnpatrioticHoarder's picture

Heet and Nasim don't belong to Alpha Kappa Krappa, that's their problem

Fri, 05/01/2015 - 10:17 | 6050424 astoriajoe
astoriajoe's picture

probably charge Keith neumeyer for conspiracy to form a cartel.

Fri, 05/01/2015 - 10:45 | 6050526 Pinto Currency
Pinto Currency's picture

 

 

Or propose a law prohibiting mining CEO's from acting as fiduciaries for their shareholders.

Fri, 05/01/2015 - 09:19 | 6050221 eclectic syncretist
eclectic syncretist's picture

The CFTC, like the SEC, functions best as a punch-line. 

Fri, 05/01/2015 - 09:19 | 6050219 Publicus
Publicus's picture

.

Fri, 05/01/2015 - 10:43 | 6050519 Slomotrainwreck
Slomotrainwreck's picture

I actually thought I had a dead pixel. Cut that out!

Fri, 05/01/2015 - 10:47 | 6050534 fockewulf190
fockewulf190's picture

What a whole shit load of regulators, traders and officials of all kinds are saying about ZH today:

https://www.youtube.com/watch?v=2iEPXKUTrjY

Fri, 05/01/2015 - 11:06 | 6050617 JRobby
JRobby's picture

When your regulators are born and bred in the industries they are charged with regulating you end up with........NOW

Fri, 05/01/2015 - 08:49 | 6050099 Squid-puppets a...
Squid-puppets a-go-go's picture

Lets start a rumour that Jhanet Yhelin is an indian name, maybe we'll get some results. 

Sat, 05/02/2015 - 10:28 | 6053438 New_Meat
New_Meat's picture

she does have high cheekbones, after all.

Fri, 05/01/2015 - 08:42 | 6050072 Bunghole
Bunghole's picture

Watch your back Tylers

Fri, 05/01/2015 - 09:02 | 6050146 gmrpeabody
gmrpeabody's picture

Yes..., speaking of which...

Fri, 05/01/2015 - 09:57 | 6050357 Fun Facts
Fun Facts's picture

Speaking of which...

CFTC spokesman has cum stains in his hair from meeting with lord blankfein.

Fri, 05/01/2015 - 10:16 | 6050419 bonderøven-farm ass
bonderøven-farm ass's picture

Speaking of which......

The first rule of Fight Club is..........:

Fri, 05/01/2015 - 10:40 | 6050506 A Nanny Moose
A Nanny Moose's picture

Broken

Fri, 05/01/2015 - 10:44 | 6050520 Kaiser Sousa
Kaiser Sousa's picture

can we get some pics of those mother fuckers...

HEY GUYS - YOU'RE DEAD MEN!

Fri, 05/01/2015 - 11:04 | 6050281 JRobby
JRobby's picture

Fix it? Like sub-prime auto fixed that for a few months?

If the overlords decide stated / no doc should come back, it will come back. Of course the FICO grid has been pounded down by the past 7 years so that will be what "they" have to "work with".

 

 

Fri, 05/01/2015 - 09:07 | 6050170 neidermeyer
neidermeyer's picture

I like Chicago ,, who knew it would be more honest than NYC... The SEC prosecution team against Option-One on behalf of the investors came out of Chicago...

Fri, 05/01/2015 - 08:25 | 6050024 I woke up
I woke up's picture

What do you mean, "you people"?

Fri, 05/01/2015 - 08:29 | 6050036 ghengis86
ghengis86's picture

No, no, no. Can't possibly be like the Weinbergs, Rosenthals or Lebovitz?

We're not allowed to discuss patterns.

Fri, 05/01/2015 - 08:45 | 6050084 venturen
venturen's picture

That would be profiling! Madoff, Dimon and Blankfein would be profiling!!!

Fri, 05/01/2015 - 09:16 | 6050209 AIIB
AIIB's picture

Waddell & Reed, DEAD!

Neidermeyer? DEAD!

Fri, 05/01/2015 - 09:15 | 6050201 WillyGroper
WillyGroper's picture

It's against the law.

Fri, 05/01/2015 - 08:30 | 6050041 Oh regional Indian
Oh regional Indian's picture

Hah....look, all those turrible turbaned tindians, stealing from all the good peoples! Stealing from the tribe IS NOT ALLOWED.

Dammit you Salim man, what! They didn't teach you in trading school or what?
CannoT STeal from the Mastahs, no, never, af paam...

Gotta admit that even in the face of rajaratnam and sarao and the mckinsey guy....them indias don't queet!
https://www.youtube.com/watch?v=KhJjChT1nq4

Fri, 05/01/2015 - 10:58 | 6050582 bullchit
bullchit's picture

Et tu ORI?

Fri, 05/01/2015 - 11:21 | 6050673 Oh regional Indian
Oh regional Indian's picture

Good grief man, sarc tags after all these years?

Fri, 05/01/2015 - 11:34 | 6050742 bullchit
bullchit's picture

Who to trust ORI.
You trust me?
Mug if you do. 'And that's the whole point of the disinfo campaign.
We need to be clever....er.
It's not too hard, because they are pretty stupid, as a battalion.
Stay well ORI.

 

Fri, 05/01/2015 - 11:35 | 6050743 bullchit
bullchit's picture

Burp...

 

Fri, 05/01/2015 - 09:46 | 6050315 indygo55
indygo55's picture

I think they are talking about racial profiling. 

Fri, 05/01/2015 - 10:08 | 6050402 Luckhasit
Luckhasit's picture

That non americans are getting thrown under the bus maybe?

Fri, 05/01/2015 - 10:20 | 6050429 XqWretch
XqWretch's picture

"What patterns are we talking about"

 

Answer: Their names don't end in Berg or Stein.

Fri, 05/01/2015 - 18:46 | 6052255 rbianco3
rbianco3's picture

Don't forget the name prefixes representing the pattern...

Any surname or surname prefix evoking something desirable or impressive like Gold, Silver, Crystal, Diamond, Wein (wine), Fein (fine), Stern (star), Blumen (flowers), Rosen (roses)

Fri, 05/01/2015 - 12:17 | 6050909 Kirk2NCC1701
Kirk2NCC1701's picture

"The names of the perpetrators: perhaps not surprisingly, Heet Khara and Nasim Salim. Extend to Navinder Sarao and a pattern emerges..."

The missing pattern is that it's not Putin, the Russians, Iranian or Syrian hackers, or even the Chinese.  I'm shocked.   Shocked, I say.

p.s. Clearly we need moar H1B visas, to keep juicing the 'Markets' and maintain Plausible Deniability.

Fri, 05/01/2015 - 08:22 | 6050008 VinceFostersGhost
VinceFostersGhost's picture

 

 

Baby steps.

 

One crook at a time.

 

It's not like we can count on the CFTC.

Fri, 05/01/2015 - 08:50 | 6050101 CuttingEdge
CuttingEdge's picture

Only those crooks "not in the club".

Seen any notable (but even more crooked) bankers jailed in living memory?

Fri, 05/01/2015 - 08:21 | 6050012 PartysOver
PartysOver's picture

Tyers,  perhaps the term "spoofers"sould be replaced with the term "fluffers".  As well as "spoofing" with "fluffing".  Reasons being A) The manipulation occurs behind the scenes, B) sole purpose is to levitate assets to continue the show, C) always want  Moar, D) after all we are dealing with chart porn on a daily basis.  For those that are not fimiliar google the term.

Fri, 05/01/2015 - 08:31 | 6050044 negative rates
negative rates's picture

Truth in advertizing bitches!

Fri, 05/01/2015 - 21:30 | 6052650 MontgomeryScott
MontgomeryScott's picture

"Tyers,  perhaps the term "spoofers"sould be replaced with the term "fluffers".  As well as "spoofing" with "fluffing".  Reasons being A) The manipulation occurs behind the scenes, B) sole purpose is to levitate assets to continue the show, C) always want  Moar, D) after all we are dealing with chart porn on a daily basis.  For those that are not fimiliar google the term."

:)

Not too bad. Not too bad at ALL!

Gotta keep the MARKET 'ACTORS' up and able to PERFORM, after all!

What do you call Bernake's 'Q.E.' stuff? 'THE MONEY SHOT'? it wasn't a 'liquidity injection'. It was a BUKAKE moment or 5...

(Not that I know anything about this stuff)

Fri, 05/01/2015 - 08:50 | 6050103 LawsofPhysics
LawsofPhysics's picture

ZH has been pretty good about predicting short term moves and long term trends.  Are you saying that ZH might actually move markets?  Awesome.

Fri, 05/01/2015 - 08:58 | 6050130 firstdivision
firstdivision's picture

Sooo...regulators busted two guys doing what the PPT and Citadel do daily, but the two guys do it on a much smaller scale. 

Fri, 05/01/2015 - 10:31 | 6050475 conscious being
conscious being's picture

Indians are not allowed to drive the bus.

Fri, 05/01/2015 - 09:19 | 6050154 ZH Snob
ZH Snob's picture

!!!

Fri, 05/01/2015 - 09:13 | 6050195 iofera
iofera's picture

If gold's headed higher, it's Manifest Destiny. If it's going down, it's a conspiracy/manipulation.

Got it, Zeroes? :-)

Fri, 05/01/2015 - 09:42 | 6050295 YouThePeople
YouThePeople's picture

You've been here 3 months and have not learned an effing thing. "Try and keep up" numbnuts.

Fri, 05/01/2015 - 21:32 | 6052658 MontgomeryScott
MontgomeryScott's picture

He's been here three months and he knows PLENTY. He knew who he worked for before he came here. Do YOU know what he does here, or WHY?

Fri, 05/01/2015 - 09:43 | 6050305 Usurious
Usurious's picture

 

 

gold is the enemy of Rothschilds plantation script........get it?

Fri, 05/01/2015 - 10:56 | 6050571 lunaticfringe
lunaticfringe's picture

Since when do we let government trolls in?

Fri, 05/01/2015 - 11:04 | 6050608 truthserum
truthserum's picture

The irony is this group consistently betting against those that supposedly have the inside edge.

"This game is rigged! " , "i'd like to bet again!"

Fri, 05/01/2015 - 09:39 | 6050285 JRobby
JRobby's picture

They will get right to the bottom of this and there will be prosecutions and jail!

Fri, 05/01/2015 - 09:51 | 6050338 williambanzai7
williambanzai7's picture

Fri, 05/01/2015 - 10:08 | 6050403 Luckhasit
Luckhasit's picture

Haha!  Comedy gold!

Fri, 05/01/2015 - 10:45 | 6050523 bullchit
bullchit's picture

Yeah.....ZH busted this, that, Blah, blah. How many people are in prison? Thought so.

The real Zero Hedge, years ago, exposed the whole shitshow. How many people are in prison?
This is just a freak sideshow.
Ohhh, Hillary's got two cunts. One of them is Bill. 'And....?? 

Fri, 05/01/2015 - 08:12 | 6049989 CarpetShag
CarpetShag's picture

Like a bitch in heet.

Fri, 05/01/2015 - 08:33 | 6050049 negative rates
negative rates's picture

Those are called, buzzards.

Fri, 05/01/2015 - 08:13 | 6049993 NoDecaf
NoDecaf's picture

We can expect two new trolls here on ZH soon.

Fri, 05/01/2015 - 09:33 | 6050259 VinceFostersGhost
VinceFostersGhost's picture

 

 

Come on fellas.

 

You can do better than that.

Fri, 05/01/2015 - 08:14 | 6049994 T-NUTZ
T-NUTZ's picture

Why Johnny Ringo, you look like somebody just walked over your grave.

Fri, 05/01/2015 - 09:17 | 6050215 AIIB
AIIB's picture

He was too high strung

Fri, 05/01/2015 - 08:15 | 6049995 Wahooo
Wahooo's picture

Wake up 'Merica!

Fri, 05/01/2015 - 08:18 | 6049997 Wild Theories
Wild Theories's picture

What? no white boy is smart enough to do the same?

always the Indians?

 

dat sooo racyist!

Fri, 05/01/2015 - 08:58 | 6050125 GMadScientist
GMadScientist's picture

I'd say, much like the narcotics trade, the white boys just don't get caught for some reason.

Fri, 05/01/2015 - 08:17 | 6049998 This is it
This is it's picture

It's 8.30 bitchez!!! Smackdown time!! Muahahaha...HFT FTW!!

Fri, 05/01/2015 - 08:30 | 6050040 VinceFostersGhost
VinceFostersGhost's picture

 

 

We're gonna need some really big freakin guns here.

 

Shoot to kill.

Fri, 05/01/2015 - 08:35 | 6050055 This is it
This is it's picture

It's happening NOW! $1178 support taken out. Yessssss.......keep it cummin.

Fri, 05/01/2015 - 09:10 | 6050181 neidermeyer
neidermeyer's picture

1173 a bit off the low price..

Fri, 05/01/2015 - 08:18 | 6050000 Fukushima Fricassee
Fukushima Fricassee's picture

Were Yellen Obama Bush Clinton Buffet and Bernake arested?

Fri, 05/01/2015 - 08:18 | 6050002 andypaps28
andypaps28's picture

Great update. I look forward to more regulators being forced to act by keeping the spoofing / rigging in their faces.

Fri, 05/01/2015 - 08:23 | 6050017 Philo Beddoe
Philo Beddoe's picture

Ever heard of a slap on the wrist or a stern talking to...or the dreaded internal investigation? 

Fri, 05/01/2015 - 21:42 | 6052683 MontgomeryScott
MontgomeryScott's picture

BIGGLES!

Put her in 'the COMFY CHAIR'! HIT her with the SOFT CUSHIONS!

https://www.youtube.com/watch?v=CSe38dzJYkY

Ah, the genius of Monty Python...

Fri, 05/01/2015 - 08:48 | 6050093 venturen
venturen's picture

yep...I heard there was a guy in his parents attic in Bulgaria and another in the swamps of lousiana....let me know when they find someone on the island of Manhattan or in Greenwich. Hey I just learned that Citidel is located in that honest place of Chicago....talk about patterns! 

Fri, 05/01/2015 - 08:20 | 6050004 NoWayJose
NoWayJose's picture

Keep posting ZH, and keep forwarding to the regulators!

Fri, 05/01/2015 - 08:20 | 6050009 Fun Facts
Fun Facts's picture

When is the CFTC going to go after the central banks for rigging the markets ?

Of course this is a rhetorical question because the answer is if they did they'd end up at the mahogany lodge.

Fri, 05/01/2015 - 08:21 | 6050011 i_call_you_my_base
i_call_you_my_base's picture

Probably the 5000th time they ran that scam.

Fri, 05/01/2015 - 08:26 | 6050026 Rainman
Rainman's picture

Guaranteed to be back at it in 60 days

Fri, 05/01/2015 - 08:23 | 6050016 lbrecken
lbrecken's picture

Wake up the same thing has been going on in OIL Futures but since you sided on oil going lower ZEROH has refused to look into this as well as the blatant media bias and false information such as: 1) Rig Count doesnt matter; 2) IRAN flooding mkt; 3) Cushing will fill; 4) Prod wont fall; 5) only verticle rigs are being dropped; 6) only rig in non-prod regions are being dropped and so on

Fri, 05/01/2015 - 08:23 | 6050018 Itch
Itch's picture

I know a Nasim Salim, a little Palestinian guy...if it's him I have a word of advice; never attempt that shit without political cover. 

Fri, 05/01/2015 - 08:24 | 6050021 lbrecken
lbrecken's picture

And may i add why arent you going after Citi & GS shills on the $30 oil call..those analysts should be selling hot dogs not commodity research....they spread the false fear clearly

Fri, 05/01/2015 - 08:24 | 6050022 lbrecken
lbrecken's picture

And may i add why arent you going after Citi & GS shills on the $30 oil call..those analysts should be selling hot dogs not commodity research....they spread the false fear clearly

Fri, 05/01/2015 - 08:27 | 6050030 Herdee
Herdee's picture

The CFTC staff and Regulators are like most lazy Government dogfuckers.The definition being a big black lab laying in the August hot sun out on the front lawn lickin' his nuts.

Fri, 05/01/2015 - 08:33 | 6050051 ghengis86
ghengis86's picture

Why does a dog lick his own nuts?

Because he can.

Fri, 05/01/2015 - 08:35 | 6050058 VinceFostersGhost
VinceFostersGhost's picture

 

 

Just don't mess up the hairdo.

Fri, 05/01/2015 - 22:00 | 6052703 MontgomeryScott
MontgomeryScott's picture

Describe your current job.

'I go to work, log on to the computer, and watch porn for about 6 hours a day. I take mandatory lunch breaks, and Union-imposed breaks for 15 minutes every two hours, and spend about an hour each day in the bathroom (otherwise, I'd be watching porn for EIGHT hours a day).

WHO do you work for, again?

'The Commoditees and Futures Trading Commission, of course!'

What's your job title?

'Lead frauds and financial crimes investigator.'

What makes you think you're qualified for the position you've applied for?

'Well, I am tenured, and know lots of people.'

Congratulations, and welcome to the National Institute of Standards and Technology (N.I.S.T.). Your FIRST assignment is to put to rest all the rumors that WTC7 was purposely demolished. Do you think you can handle that?

'Does it have anything to do with ENRON?'

SHHH. We don't mention that name here anymore.

'Do I get a computer?'

Of COURSE you do. Tell me, man to man, what's your favorite porn site? I'm going through a divorce, myself, and...

 

Fri, 05/01/2015 - 08:28 | 6050033 Monetas
Monetas's picture

Nice gold dump .... for May day .... Lenin would be proud of his minions .... for spoofing the barbarous relic !

Fri, 05/01/2015 - 08:56 | 6050119 GMadScientist
GMadScientist's picture

"Hey! Hey! First of May! Outdoor fucking starts TODAY!"

Fri, 05/01/2015 - 08:32 | 6050043 JPMorgan
JPMorgan's picture

Check in at ZH for the facts and the truth, then visit BusinessInsider for all the bullshit and spin. 

Fri, 05/01/2015 - 10:38 | 6050495 conscious being
conscious being's picture

But since he got out of jail, Martin Armstrong says there is no gold manipulation.

Fri, 05/01/2015 - 08:32 | 6050045 chubbar
chubbar's picture

I know the Tylers know this but gold suppression is done at the direction of the US Gov't. It's clear that this suppression is part of, and integral to, their "Full Spectrum" control of financial markets. That's why Dimon was quoted as saying he is doing "Gods" work, he is part of the network of financial institutions tasked with manipulating and controlling financial markets to most certainly include gold. Should gold not be manipulated, it would surely reflect the huge money supply growth experienced since 2008. Therefore, do NOT expect any official action against Gold manipulators. This will stop IF China/Russia decide that it will stop, not a second sooner. BTW, I am beginning to think that China is part and parcel of the Rothschild's central banking scheme since they are linked to them at the top of the banking industry so I'm not sure we can look to them to end this monetary slavery system. They'll probably come up with a more subtle and total control system in cahoots with the current band of bandits.

Fri, 05/01/2015 - 08:44 | 6050077 VinceFostersGhost
VinceFostersGhost's picture

 

 

but gold suppression is done at the direction of the US Gov't

 

We came. We saw. He died.

https://www.youtube.com/watch?v=FmIRYvJQeHM

 

Fri, 05/01/2015 - 09:21 | 6050135 layman_please
layman_please's picture

if you don't mind my wild speculations, my take is that rothschilds consider all the national gold reserves their property, as they probably own most of the central banks in the world. they don't need private vaults and armies to protect it. through monetary policy they control the governments who take care of the details. for the last century the US government was their main vehicle of control to dominate the world both financially and militarily, while the mossad is their personal secret service and all the US alphabet agencies are their mere subsidiaries (at least according to the one-way NSA information uplink). that was until recently. we are witnessing a major shift to east. only way to transfer the gold reserves from west to asia, is to sell it in plain sight, on the open market. and that's what's happening. the reason why the price of gold is being suppressed, is that TPTB don't want to bankrupt china, as they are forced to use their own finances to buy the gold for the rothschilds. fort knox is empty, because rothschilds have already transferred their property to the new custodian. as the wealth is gone, rest of the power and control is to follow, in a coming decade or so. the only question remains, will that happen through war?

Fri, 05/01/2015 - 11:18 | 6050643 ThirteenthFloor
ThirteenthFloor's picture

Laymen-> i can agree with this. If you research history, most follows. The ESF was transferring gold from US to other countries and the real news popped up from time to time, starting in the 60's. Primary capital investment from the elite then went east starting after 70's. By the 90's US was hollowed out, gold wise. Through trade agreements the IP was then moved east as well. Then the FRB made all those "loans" out in 2008-09, hollowing it out even more. Wouldn't the elite want to set up shop in the Shanghai 'free trade' zone opposed to western world ?

Fri, 05/01/2015 - 09:25 | 6050152 agent default
agent default's picture

I am not sure if ZH is too bullish for PMs in the medium/long term.  It seems more neutral than anything else at the current price levels.

Fri, 05/01/2015 - 09:08 | 6050172 ThirteenthFloor
ThirteenthFloor's picture

+1
Rothchilds "club of of isles" leaves no stone unturned, they do run the world and dumping a Malaysian jet to grab a patent ownership is just a days work. To think they do not influence China I agree is naive.

Fri, 05/01/2015 - 08:32 | 6050046 Bossman1967
Bossman1967's picture

And what changed after the spoof was dealt with. Nothing. I am so sick of this bullshit. All I know is my physical is mine and as they continue to manipulate the price to zero Ill be buying more and more.

Fri, 05/01/2015 - 08:32 | 6050047 MFL8240
MFL8240's picture

Another example of fraud and deception, the halmark of the American finacial sytem.

Fri, 05/01/2015 - 08:33 | 6050052 JBilyj
JBilyj's picture

America should take all these market manipulators and hang them for treason!

Fri, 05/01/2015 - 08:35 | 6050059 FranSix
FranSix's picture

The monthly close Thursday was an obvious paint of the tape.

Fri, 05/01/2015 - 08:38 | 6050062 Monetas
Monetas's picture

Manipulation is like counterfeiting .... private players are not invited !

Fri, 05/01/2015 - 08:38 | 6050063 Calculus99
Calculus99's picture

The SEC/CFTC are great at catching the crooks, but only if they're small fry...

Fri, 05/01/2015 - 08:44 | 6050076 Fun Facts
Fun Facts's picture

The CFTC is owned, operated and bent over by wall street and the banking cartel.

This acts as a slight impediment to doing their job.

Fri, 05/01/2015 - 08:46 | 6050088 Iam Rich
Iam Rich's picture

This is "crowd sourcing" as a regulatory mechanism.  Could be incredibly effective....

Fri, 05/01/2015 - 08:47 | 6050090 Jonesy
Jonesy's picture

Don't even have to read the article to know there is no way those busted this quickly were Jewish.  

Fri, 05/01/2015 - 08:49 | 6050097 orangegeek
orangegeek's picture

CFTC is gubbamint.  Gubbamint is the enemy. (staged riot in baltimore anyone?  ignore the slaughter in Chicago anyone?)

 

CME finally got off their fucking asses and fixed their shit.

 

Beautiful Tyler(s).  Humiliate these fucking assholes.

Fri, 05/01/2015 - 08:49 | 6050098 venturen
venturen's picture

so these two guys made like $2000 and are the cause of the rigged market of trillions...LOL!!!!

Fri, 05/01/2015 - 09:10 | 6050180 silverer
silverer's picture

But it gives the rest of the traders pause: the old risk/reward computation.

Fri, 05/01/2015 - 08:52 | 6050107 SheepDog-One
SheepDog-One's picture

ZH, putting the crooks on pins and needles finally!

Fri, 05/01/2015 - 12:47 | 6051013 Kirk2NCC1701
Kirk2NCC1701's picture

(Goldbusters!)1
If there's somethin' strange in your tradinghood
Who ya gonna call?
(Spoofbusters!)2

If the HFT is somethin' weird and don't look good
Who ya gonna call?
(Spoofbusters!)

I ain't afraid o' no Spoof
I ain't afraid o' no Spoof

If you're seein' things runnin' through the Fed
Who can you call?
(Spoofbusters!)

An invisible man tradin' in your stead
Oh, who ya gonna call?
(Spoofbusters!)

I ain't afraid o' no Spoof
I ain't afraid o' no Spoof

Who ya gonna call?
(Spoofbusters!)

If you're trading all alone, pick up the phone
And call
(Spoofbusters!)

I ain't afraid o' no gold
I hear it likes the girls
I ain't afraid o' no gold
Yeah, yeah, yeah, yeah

Who you gonna call?
(Spoofbusters!)

[1] Mod of original Ghostbuster lyrics.

[2] Spoofbusters --> Tips @ zerohedge.com

Fri, 05/01/2015 - 08:53 | 6050109 Quinvarius
Quinvarius's picture

But this is allowed to do in gold!  It is the only way smart people can steal it all, at fake prices, until it is all gone.  And I do mean steal.

Fri, 05/01/2015 - 09:07 | 6050140 silverer
silverer's picture

Allowed? Yes, by criminals.  You are right about that.  Naked short selling is illegal.  More people need to be marched off to prison.  It will never happen, because the dollar only exists because they manipulate precious metal pricing.  If every contract on Comex required the contract holder to take actual physical delivery of the metal, the price of silver and gold would triple overnight, and then some.  And you are right!  Right now they are stealing it with valueless paper!

Fri, 05/01/2015 - 08:56 | 6050120 silverer
silverer's picture

Awesome!  Keep up the good work!

Fri, 05/01/2015 - 08:58 | 6050126 Yen Cross
Yen Cross's picture

  Someone needs to throw that Mullethead ex-CFTC stooge Bart Chilton in a wood chipper.

Fri, 05/01/2015 - 08:58 | 6050127 Spungo
Spungo's picture

I wish I knew how to read those graphs

Fri, 05/01/2015 - 09:04 | 6050157 Ban KKiller
Ban KKiller's picture

One Bourbon, one Scotch and a bong hit. Then look at the pretty colors. At least that is what I do...

Fri, 05/01/2015 - 09:01 | 6050142 iofera
iofera's picture

The primary trend for gold and silver are straight into the toilet, with a short sucker's rally to pull in the chumps and ne'er-do-wells. In other words, the Zero Hedgers.

Fri, 05/01/2015 - 10:29 | 6050463 Quinvarius
Quinvarius's picture

Meanwhile, 2014 Gold Pandas now sell for over 1300, and 2013 gold pandas sell over 1400.  It is not the people buying the gold that are losing.  It is the simps who think they are setting the prices that are losing.  They just can't wrap their head around the idea that paper price is not being used after the first subsidized melt anymore.  The paper sellers are literally creating a free money arbitrage for the public.

Fri, 05/01/2015 - 09:02 | 6050145 Jonesy
Jonesy's picture

These sorry goyim should've known better, as non-jews they are held to different standards.  Silly Goy, theft is for Jews. 

Fri, 05/01/2015 - 09:03 | 6050151 I am a Man I am...
I am a Man I am Forty's picture

i thought only jp morgan manipulated precious metals

Fri, 05/01/2015 - 09:39 | 6050286 Wild E Coyote
Wild E Coyote's picture

Do you expect JP Morgan to do the trading directly under their own name?  

Fri, 05/01/2015 - 09:04 | 6050155 wstrub
Fri, 05/01/2015 - 09:11 | 6050184 WillyGroper
Fri, 05/01/2015 - 09:17 | 6050216 madbraz
madbraz's picture

who cares about gold, the action is in fixed income and trillions in derivative value.  show us the manipulation in treasuries please.  yields higher on nothing, no news, low volume.  it' self evident.  

Fri, 05/01/2015 - 09:28 | 6050251 e_goldstein
e_goldstein's picture

New bucket shop, er, I mean Comex, terminology follows. A must know for anyone trading paper in the "fair and efficient markets."

http://windlegends.org/scoundrelsslang.htm

Fri, 05/01/2015 - 09:30 | 6050260 waldo simon
waldo simon's picture

Congratulations, Zero hedge!! Stick to what you do best, ie; exposure of the total farce that masquerades as today's free market capitalism.

Speak your truth boldly,be powerful, strive for truth for all who want it

Fri, 05/01/2015 - 09:35 | 6050268 Ban KKiller
Ban KKiller's picture

"Free" market as in free to rig, naturally. Why? Massive profits with little or no risk of prosecution even if you are caught. Caught? Pay a fine and move on. 

Saw where a guy in Cali was finding empty FNMA homes. He took control of them and rented them out. He filed deeds, etc., to show "ownership". No forgery involved, just did like the banks do! Rents the place, tenant has valid lease and now what? Oh, yeah, to resolve this FNMA has to go to court! Says FNMA doesn't even know how many homes he has taken this way! Guessing he is operating all over Cali.           He rents far under market as you have to put in your own carpet or do own clean up. Rents nice 3 bdrm 2 bth for 1200.00 or less. Homes are occupied and cleaned up. Now the only person really hurt may be the realtor who thought he or she was going to be able to sell the home. Title company finds the mortgage and asks him if he will remove the mortgage...he says no. NEXT! 

Fri, 05/01/2015 - 10:57 | 6050563 falak pema
falak pema's picture

Joan Robinson nailed it first in the 50/60s when she showed the world that John Galt was truly an invention of someone who loved to suck up to the "big ones" of capitalism; those who never placed a bet on the market UNLESS it was caressed by a rigged roulette wheel behind the curtain and blessed by regulators and pundits of media as scions of status quo !

She defied the teachings of the refugee from Tartary, branded by her youth's traumatic humiliation, and who spawned the Freudian knee-jerk creed of "being selfish is good and the bigger you are the moar selfish you can be as winning then is inevitable like a king with divine rights"... as no judge dare contradict what your edit makes market mantra. To win was all and the end justified the means.

It was called "dominant position plays" and was just the opposite of "free hand of market" that Adam Smith claimed was the new rule of capitalism. 

Machiavelli stymied Montesquieu in the age of nation-state building  and Ayn Rand stymied Robinson in the age of hyper capital markets by inspiring the Chicago school of dumb monetary clowns feeding the rigged market, like Friedman and her pet poodle Greenspan.

We deserve the catholic kings of neo-liberalism that we get, the Universal Empire they spawn under the heavy hand of its Inquisition, from Montezuma's eviscerated halls to Tripoli's torture chamber. All for king Oil and God $.

As we have become blind and dumbed down.

Fri, 05/01/2015 - 09:38 | 6050280 GMadScientist
GMadScientist's picture

Rule 413 reads like the warning about a pit boss in Vegas.

Fri, 05/01/2015 - 09:40 | 6050289 the not so migh...
the not so mighty maximiza's picture

gold bar in the anus...ouch

Fri, 05/01/2015 - 09:51 | 6050293 R19
R19's picture

What in the fuck do these regulators do all day? It's not like these trades are being executed in a ghost market.

 

Great job showing them how to catch a clue!

Fri, 05/01/2015 - 11:09 | 6050632 sTls7
sTls7's picture

What they do?  Shit.  nothing.

Fri, 05/01/2015 - 09:46 | 6050317 F.A. Hayek
F.A. Hayek's picture

Tyler, I hope your nail gun is stowed away in the vault and your life insurance policy is current.

Kidding aside, well done!!!!!

Fri, 05/01/2015 - 10:50 | 6050544 conscious being
conscious being's picture

I think Tyler Durden knows how to take care of himself. Years ago ZH left the Homeland and posters were saying "Gee, what are they doing that for?".

Fri, 05/01/2015 - 09:49 | 6050327 buzzsaw99
buzzsaw99's picture

this, like money laundering, is a serious crime, unless, you happen to be tbtf, in which case, it is encouraged.

Fri, 05/01/2015 - 09:52 | 6050341 Mr. Bones
Mr. Bones's picture

There's a problem with this though,

If you can prove that someone committed a crime based upon patterns of individual and market behavior, then when that behavior continues... you basically have to accept that more individuals are committing the crime.

Therefore, the legitimate participants in the market should assume that more sanctions or charges will be forthcoming.

 

 

ha ha funny joke

Fri, 05/01/2015 - 09:53 | 6050343 R19
R19's picture

Bloomberg:

George Soros May Face a Monster Tax Bill
Deferring income helped the billionaire hedge fund manager build his fortune

Fri, 05/01/2015 - 12:25 | 6050966 Baa baa
Baa baa's picture

I hate that murderous, lying, crony. George Soros is reprehensible enough to get the Devil's attention. The devil is always looking for new employees, directors and upper management types. Business in hell has never been so busy. He will do just fine. Besides, it's a dry heat.

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