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The Mysterious "Massive" Seller Who Flash Crashed Gold In 2014 Has Finally Been Revealed

Tyler Durden's picture




 

Back in late 2013 and  early 2014, the gold (and silver) market was stunned by a series of massive, unprecedented "stop" or "velocity logic" sales which sent the price of the precious metal crashing so furiously they halted the entire gold futures market anywhere between 10 and 20 seconds.  Some examples:

Some said this was nothing but a fat finger, but we together with Nanex showed this was clearly a premeditated attempt to reprice gold lower, facilitated by that oldest trick in the HFT book: quote stuffing. 

As a reminder, only recently did regulators finally realize just how manipulated the gold market is when in early May, after a Zero Hedge post explicitly showed just how "someone" was spoofing gold, both the CME and the CFTC cracked down on the manipulator. However the moves that had seen regulatory intervention were paltry and largely irrelevant in the grand scheme of gold "price discovery."

Until today.

In Notice of Disciplinary action, COMEX 14-9807-BC, the CME charged Mirus Futures, which one year ago was bought by NinjaTrader with "disruptive and rapid price movement in the February 2014 Gold Futures market" which prompted the abovementioned Velocity Logic event which halted the market for ten seconds.

From the allegation:

Pursuant to an offer of settlement Mirus Futures LLC (“Mirus” or the “Firm”) presented at a hearing on June 16, 2015, in which Mirus neither admitted nor denied the rule violations upon which the penalty is based, a Panel of the COMEX Business Conduct Committee (“BCC”) found that it had jurisdiction over Mirus pursuant to Exchange Rule 418 and that on January 6, 2014, Mirus failed to adequately monitor the operation of its trading platform (Zenfire), and connectivity of its trading system (Zenfire) with Globex. This failure resulted in unusually large and atypical trading activity by several of the Firm’s customers and caused the mass entry of order messages by Zenfire, which resulted in a disruptive and rapid price movement in the February 2014 Gold Futures market and prompted a Velocity Logic event.

 

The Panel found that as a result, Mirus violated Rules 432.Q. (Conduct Detrimental to the Exchange) and 432.W. (Failure to Supervise).

Incidentally, this is precisely the event we described in the January 6, 2014 post, which sent gold plummeting from $1245 to under $1215 in under 100 milliseconds.

This is the "anomalous", market-manipulative event in question, which curiously also promptly dragged down silver even though the CME only alleges gold manipulation. Almost as if correlation algos need no actual reason to buy or sell aside from, well, what the other pair in the correlation does.

 

The volume in this dump was massive:

 

The correlated "safety asset" move even succeeded in pushing bitcoin, which then was trading just over $1000, down into the triple digits.

That this was yet another HFT market-rigging event was also known. This is how Nanex described the millisecond-level landscape back then:

The chart below shows the entire $30 drop in the price of Gold futures that occurred in just under 100 milliseconds (1/10th of a second). When we separated groups of trades by a jump in the exchange sequence number (a technique to determine the size of a larger order) we discovered there were 9 groups where the sum of the trade sizes was exactly 338 contracts! Each group is composed of widely different numbers of trades: the first group of 338 contracts is made up of 211 trades, the second group is made up of 186 trades, and 3rd-9th: 120, 193, 97, 193, 137, 112 and 109 trades respectively. We show these 9 groups in the chart below. What's more, there are other trades occurring between these groups of 338 contracts.

 

This was not the result of a fat finger, but rather the work of a high frequency trading algorithm that paused, and (probably) tested the market before continuing. A fat finger would not have such distinguishing features. What is disturbing about this algorithm, is that it carefully waited so as not to trip the CME's stop logic and halt the stock. The halt was from the more lenient volatility circuit breaker after the price declined $30 in less than a second. This algo appears to have been more concerned about preventing an immediate halt, rather than getting the best prices. Since the value of the trades was close to $500 million, there aren't a lot of suspects. Add to this, the fact they didn't get "special treatment" and have the trades busted, or the price adjusted (which is what happened with the Treasury Futures debacle just 2 short weeks before this event).

 

The futures move promptly spilled over into spot and ETFs:

 

Leading to a ten-second "velocity logic" trading halt:

 

The punishment for the manipulators with the "faulty" trading platform?

  • In accordance with the settlement offer, the Panel ordered Mirus to pay a fine to the Exchange in the amount of $200,000.

So Nav Sarao may spend 380 years in jail for spoofing the S&P lower, but some bucket prop trading shop executing some "unknown" client's orders gets away with $200K. Brilliant.

In any event, with an 18 month delay we finally know precisely who caused the January 6, 2014 gold flash crash: something the CME could have revealed the very next day, and yet it chose to keep quiet.

Here is what we don't know:

  • Who is responsible for the other, gold flash crashes preceding this one, spaced just one month apart, between September and October 2013.
  • Who are the customers referred to in the charge?

Because while the CME accuses Mirus' then trading platform "Zenfire", since made obsolete, for the glitch, it also says that Mirus failure "resulted in unusually large and atypical trading activity by several of the Firm’s customers."

So was the failure in the trading platform or, as the CME also alleges, the failure was the result of "atypical trading activity" whose sole intention was almost certainly to cause a cascading avalanche of sell orders which pushed gold by $30 lower, rebounding just 50% of the way in the other direction once the selling pressure subsided, what is know in the industry as "repricing" an asset, in this case due to fraud which the CME chooses to call a "glitch."

Some "price discovery" - if a "failure" can take an "efficient" price and chop off nearly 2% from it for absolutely no reason.

Alas, we won't find out.

Why?

First Mirus no longer exists: one year ago it was acquired by NinjaTrader, Zenfire was deactivated, and any and all traders complicit in the gold manipulation scheme have long since gone on to bigger and better manipulating venues.

Second, as one furious reader finally blew up and asked then CFTC "regulator" and now HFT lobbyist, Bart Chilton what the hell is going on, only to find out that the US commodity regulator had other more pressing concerns at the time - and every time - than running fair and functioning markets:

From: Chilton, Bart <BChilton@cftc.gov>
Date: Tue, Oct 1, 2013 at 9:32 AM
Subject: Re: Today's Smackdown
To: XXX@XXX
 
No regulators looking at markets due to government shut down.
 
B
 
NOTE: Ponzimonium: How Scam Artists are Ripping Off America, is now available in a FREE EBOOK edition. Go to the link for your copy and a Government Book Talk interview: http://govbooktalk.gpo.gov/2013/09/03/post-ponzimonium-an-interview-from...
* * *
 
From: XXX@XXX
Sent: Tuesday, October 01, 2013 09:16 AM Eastern Standard Time
To: Chilton, Bart
Subject: Today's Smackdown
 
Commissioner Chilton,
 
Any comment on this morning's shenanagins in the gold and silver pits?  Time to reopen an investigation?
Is credibility important to the CFTC?
 
Regards,
 
XXX

In retrospect, Bart Chilton's "book" explaining "How Scam Artists are Ripping Off America" was clearly based on his own personal experience.

As for gold, it will remain manipulated and viciously slammed until such time as the suppressed price can be allowed to recover its fair value, which will only happen once those who are accumulating massive amount of physical have their fill. In the meantime, if you can't beat them may as well join them, as long as physical gold continues to be quite explicitly "on sale."

 

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Thu, 06/18/2015 - 17:42 | 6211522 janus
janus's picture

a conspiracy is a crime, not a theory.

janus

Thu, 06/18/2015 - 17:44 | 6211526 Kirk2NCC1701
Kirk2NCC1701's picture

As an 'Merican, I blame Putin.  Or China.

/s

Thu, 06/18/2015 - 17:47 | 6211541 Deathrips
Deathrips's picture

Fuck the Fed!!

 

Fuck Ol Yellen!

FucK Bernyankme!

 

Physical assets...Long.

 

 

RIPS

 

Thu, 06/18/2015 - 18:08 | 6211619 espirit
espirit's picture

Long Bankster jumps from the thirteenth floors, nailguns...

Oh, and Guillotines.

Thu, 06/18/2015 - 18:18 | 6211663 caustixoid
caustixoid's picture

Kirk, it's Thursday. Isn't Thursday "Blame Iran" Day?

Thu, 06/18/2015 - 18:24 | 6211678 knukles
knukles's picture

There are no Conspiracy Theories.

Thu, 06/18/2015 - 18:36 | 6211720 Theosebes Goodfellow
Theosebes Goodfellow's picture

So what is missing from this little story?

"...with the advent of this news, CME has decided to ban all High-Frequency Trading on the commodities boards as the only sure way it could prevent this from happening again."

 

Thu, 06/18/2015 - 18:43 | 6211738 MonetaryApostate
MonetaryApostate's picture

You can take out the bankers or you can wait for China, Russia, India, and the other third world nations to come and take out you....

Thu, 06/18/2015 - 19:02 | 6211790 TeamDepends
TeamDepends's picture

Speaking of conspiracy theories, does anyone else have to login EVERY FREAKIN' TIME they visit ZH? Also, our Iphone won't keep tabs open anymore and to top it off the keyboard plays hide and seek. Is this Net Neuter-Reality kicking in?

Thu, 06/18/2015 - 19:14 | 6211833 Beam Me Up Scotty
Beam Me Up Scotty's picture

"There are no conspiracy theories"....

There is no spoon either...

Thu, 06/18/2015 - 19:45 | 6211947 OC Sure
OC Sure's picture

 

"a conspiracy is a crime, not a theory."

Conspiracy is the plotting of a crime. 

The committment, the action of doing,  of the crime itself is the crime. 

A theory has no evidence of fact. 

Thu, 06/18/2015 - 20:04 | 6212019 janus
janus's picture

https://www.fas.org/sgp/crs/misc/R41223.pdf

the fact that your vote counts the same as janus' is what make 'democracy' an untenable form of government.

and as to theories, they all have facts as evidence.  there is a structure to any theory...wait a minute...why the fuck am i bothering with you?  it's clear you're a lost cause; you couldn't have made that any clearer any quicker.    

back to the salt mines with ya, drone.

janus

 

Thu, 06/18/2015 - 20:16 | 6212050 OC Sure
OC Sure's picture

Ha. A theory is comprised of facts, yes. But the end to which all the comprised facts are just a means is still a theory until it is evidenced by its aim. Otherwise, why call it a "theory" at all? Once the end is evidenced then we no longer refer to it as a theory, but simply say it is a fact. 

Einsteins' Special theory of relativity was comprised of many facts but still only a theory until it could be evidenced that time indeed slowed for the faster moving object relative to the slower object. When atomic clocks became available the theory was proven as fact. Therefore, there is no "theory" of relativiity. It is just matter of fact. 

Thu, 06/18/2015 - 20:27 | 6212073 Occident Mortal
Occident Mortal's picture

On 11th September 2001, the USA lost its economic supremacy when two dozen Saudi's shut down the 300 million strong US consumer market.

 

In the weeks that followed we had Islamic snipers in Washington and anthrax being posted all over the country.

Americans all over the country stayed away from the mall. GDP, tax revenue and the velocity of money freefalled.

 

There was a real risk (it actually happened) that the dominant dialogue that would dictate the consumer confidence of the worlds superpower had been hijacked by bearded men in caves 8,000 miles from America.

 

Bin Ladens videos became the dominant narrative, he could stop Americans shopping. The man had literally amassed the power to stop Christmas.

 

Rather than allow the country to continue under a climate of consumer fear, Alan Greenspan took the most extraordinary monetary action (at the time) ever conceived. 

 

The Greenspan Fed fixed the Prime Rate to the floor, In little more than 12 months interest rates plunged from 7% to 2%, before dropping further to 1% where they stayed for two years, 2003-2005.

Greenspan gave monkey hormones to consumer confidence and with two wars in Afghanistan and Iraq, US consumer confidence was buoyant that they need not fear terrorists. The economy came roaring back, and so did financial speculation. So much speculation in fact that it spilled out into Main St. The reality market boomed, and boomed again.

Greespan attempted a soft landing with 17 consecutive rate rises hoping to lance the bubble he had deliberately blown, but the system was far too leveraged. Lessez Fair markets enjoyed privatised profits and socialised losses, especially as so many market participants were deploying other peoples money.

When Greenspans hikes finally burst the bubble the implosion wiped out the entire financial industry. Literally all of the investment capital in North America was wiped out, such was the gearing in the system.

By this point Greenspan had already left the crimescene and Bernanke was in the chair. Bernanke now had the opportunity to put his academic theories into real world practice. He duly pulled every lever. Refinancing the financial industry by diluting the purhcasing power of all USD currency holders. This grand grand grand grand grand larceny was only possible because the world had no alternative financial system other than the New York banks, the USD and SWIFT.

Had an alternative financial system been in place the refinancing would have simply destroyed the USD currency under capital flight.

 

Today the story continues.

 

The Fed resides on a huge balance sheet, all markets are buoyed with diluted currency (currency values have crashed rather than asset prices rising), interest rates are at zero to 0.25% and have been stuck there for six long years.

The economy remains anaemic. Corporate debt has ballooned to finance buybacks and displace stockholder capital in the capital structure of corporations driving down WACC and allowing profits to be redistributed, NOT TO EMPLOYEES BUT TO EQUITY HOLDERS.

 

The West is aneamic, has not recharged the monetary levers needed to tackle another crisis and is truly backed into a monetary and fiscal corner.

Meanwhile in the East a Sino-Russian axis is emerging, one which is rapidly erecting an alternative financial system.

 

The stage is set for WWIII, we are out of monetary options, we are out of fiscal options, all we have left in the strategic cupboard is political options and military options.

 

The West has been fighting an economic war since 9/11 and we are losing badly. Soon there will be young people entering the workforce who have never lived under a proper free market economy!! Their entire lives lived under ultra low rates. Money for nothing.

 

Meanwhile in Asia 10 times as many youngsters will be entering the workforce having lived their entire lives under GDP growth rates of 5-10%.

 

 

This is a war we cannot win. We should seek peace and partnerships with all parties, even Moscow.

Thu, 06/18/2015 - 20:42 | 6212120 new game
new game's picture

nice post O M! many thoughts (consp. theor.-ha) came to mind whilst reading your well articulated post, something i said in 2003 ish, the browns are winning because we are losing the game economically. now, comes the theories. 1)intentional 2)morons at the helm. take your pick or a hybred of both...

Thu, 06/18/2015 - 21:14 | 6212236 NoDebt
NoDebt's picture

The CFTC knew who did it probably by the next morning at the latest.  The fact they waited until after that firm was acquired and that platform shut down is awfully convenient timing.

Remember the 3 stages of basic crisis management:

1.  Deny there is a problem.

2.  Admit there is a problem but there is nothing that can be done about it.

3.  Admit there is something that could have been done about it, but it's too late now.

Sound familiar in this situation?

Fri, 06/19/2015 - 01:19 | 6212757 philipat
philipat's picture

@ND, I was just about to make exactly the same point myself. The convenience of the timing is uncanny. And wrt the critical matter of on whose behalf the firm was acting you can guarantee that "Unfortunately all historical client records were lost in the transfer to new owners. But at this point in time what difference does it make". Nice one, that CFTC really is a tenacious "Regulator"..

Incidentally, why don't we just disband BOTH SEC and CFTC and appoint Nanex to police the markets. That for sure would be more effective and would save a ton of money in the process.

Fri, 06/19/2015 - 02:27 | 6212948 the kings whore
the kings whore's picture

You ass-bandits have to accept the cold hard facts.  Gold is dead.  The dollar is king.  Them's the breaks.

Fri, 06/19/2015 - 06:57 | 6213172 VinceFostersGhost
VinceFostersGhost's picture

 

 

You can't print gold...and we've just printed the dollar to infinity....and beyond.

 

Something we said we wouldn't do...but we did it anyway.

 

The bell tolls for thee bitch.

 

 

Fri, 06/19/2015 - 12:05 | 6214166 Save_America1st
Save_America1st's picture

so then who just tried to flash crash the paper PM's an hour ago?????

Fri, 06/19/2015 - 13:05 | 6214358 Creepy Lurker
Creepy Lurker's picture

He should change his name to the cia's whore.

Thu, 06/18/2015 - 21:24 | 6212265 janus
janus's picture

Occident Mortal,

your comments are interesting.  whether or not we agree on the operative motive backing the respective forces, i think your breakdown of the causes and their subsequent effects is pretty solid; and so my question hasn't much to do with your argument per se, it's more that i can't imagine a scenario under which your conclusion is feasible.

it's presupposing those sides want peace without considering what for those sides constitutes an acceptable 'peace'.  so, i'll accept that all men of good will want 'peace', but peace to me and peace to another man may mean two totally different things.  

under the world's present arrangement there are various prerogatives enjoyed by some nations and not by others, there are additionally boundaries that are for some satisfactory and for others a matter of ancient enmity...i could go on, but, suffice it to say, the world's present order is infinitely complex and america is the adhesive that makes it all stick.  rearranging 'peaceful' scenarios with all the world's competing forces, no matter how equitable the arrangement may seem, would initiate a cascade of consequences that would, without question, result in war.

i'm sorry, but to me it seems that war is on the way -- whether we remain fixed or advance with any bias.  

how can we negotiate peace in the far east when all of our allies demand that we keep china in check (while they buddy up to them, pretending that uncle sam's a big ole bully)?

how can we negotiate peace with russia when all our european allies demand that we keep putin in check (while they play footsie with him)?

amorica's been forced into a position where he must play good cop and bad cop at the same time; it's extended itself too far; and very soon one of the major competing powers is going to test its resolve.

when analyzing the pressures applied to pax american, and seeing how they've been systematically positioned to expose strategic weakness and force a realignment one way or another, it's clear to me that the very powers that you'd have us seek peace with are those who've been positioning for war.

i'm not saying i blame russia or china for their military build up and their preparations to challenge amorica; i'm only saying that it's real.  amorica has been sloppy in attempting to provoke these enemies into situations that expose their own weakness.

no, my friend, there are 7+ billion people on planet earth.  the resources upon it are limited.  'peace' is a subjective concept. and that is because it is a human concept.  it ALWAYS means more for me and less for you.  and so long as humans seek 'peace' there will always be war.

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

but i wish it weren't so.

janus

 

Fri, 06/19/2015 - 06:30 | 6213136 Supafly
Supafly's picture

"They" lost nothing

Thu, 06/18/2015 - 20:34 | 6212090 Dr. Everett V. Scott
Dr. Everett V. Scott's picture

OC Sure,

Relativity is still a theory. One of the best, but still...

Man-made global warming (MMGW) is a conjecture.

A theory is able to make repeated, accurate predictions.

MMGW has never made accurate predictions.

A theory is based on empirical measurements.

There are no measurements quantifying MMGW.

A conjecture is simply an opinion.

Draw your own conclusions...

Thu, 06/18/2015 - 20:50 | 6212141 ufos8mycow
ufos8mycow's picture

Those gangsta rappers with giant gold 'grills' aren't looking too stupid now are they?

Thu, 06/18/2015 - 19:44 | 6211945 logicalman
logicalman's picture

If you choose to pay to carry a tracking device, you deserve all the problems you get.

 

Thu, 06/18/2015 - 21:13 | 6212232 TheEndIsNear
TheEndIsNear's picture

No. You only have to log in if you want to comment or up/down vote comments. Your problem is that you use an iPhone.

 

Thu, 06/18/2015 - 21:14 | 6212237 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Erase your memory on the CPU, and reboot with the startup software. I just upgraded to a new used Luddite(tm) because my old one was overdosed on bugs. With my new software it lets me know how many entities are attempting to track what is commented on. Z/H is a hotbed of companies that are tracking people on this website. Lots of companies means lots of viruses. The cheap way is to just upgrade when that happens to your CPU.

Thu, 06/18/2015 - 19:18 | 6211844 Bananamerican
Bananamerican's picture

fraud which the CME chooses to call a "glitch."

"mistakes were made™"

"nobody saw it coming™"

"I got your 'glitch' right here™"

Thu, 06/18/2015 - 19:53 | 6211983 Fun Facts
Fun Facts's picture

The CME and CFTC are complicit in everything that is wrong with the markets, which is everything.

Thu, 06/18/2015 - 21:34 | 6212297 Son of Loki
Son of Loki's picture

The culprits are obvious: "Several [pristine] Russian passports were found on the Mirus trading floor...."

 

 

Thu, 06/18/2015 - 18:55 | 6211769 Thirtyseven
Thirtyseven's picture

I'm not sure if I'm ready for Reptilians yet.

Everything else is either already fact or incredibly plausible.

Thu, 06/18/2015 - 19:05 | 6211802 Al Gophilia
Al Gophilia's picture

You can see the lack of depth of bids on netdania's site on the overnight silver smash. The series of gaps down on low volume, on thei 1 and 5 minute charts, shows that there are few active independent traders or that someone pulled their bids (of which I don't have access to verification data).

Thu, 06/18/2015 - 21:47 | 6212359 Took Red Pill
Took Red Pill's picture

 "the Panel ordered Mirus to pay a fine to the Exchange in the amount of $200,000"

What? That's not even a slap on the wrist! And who gets that money? What about the people who lost money because of this?

Thu, 06/18/2015 - 22:51 | 6212538 californiagirl
californiagirl's picture

Mirus is just the mechanism. Who is the "unnamed party" who pulled the strings???

Fri, 06/19/2015 - 00:13 | 6212767 Squid-puppets a...
Squid-puppets a-go-go's picture

gold miners class action

not against the 'customers' of mirus - against the CFTfuckingC

Thu, 06/18/2015 - 20:35 | 6212100 Ms No
Ms No's picture

Yep, two conspiracy theories left now.  You have the Reptilians, an alleged parasitic interdimensional species who occassionally appear in the physical as reptiles.  They are said to possess particular bloodlines and consequently engineer civilization toward their needs of blood sacrifice and suffering.  mmmmkayyyy...

Then there is the theory that Michael Jackson was framed for pedophelia and then subsequently murdered by his physician who was employed by Zionist AEG in retaliation for him coming off life long contract with Sony and AEG and then proclaiming his intent to spend his future earnings and efforts fighting off industry control of all Hollywood artists.

Not even looking into it.

 

Thu, 06/18/2015 - 22:20 | 6212460 Crash Overide
Crash Overide's picture

The CIA invented the term "Conspiracy Theory", that should tell you everything you need to know...

Fri, 06/19/2015 - 08:48 | 6213416 HandyCrapper
HandyCrapper's picture

Only Conspiracy Facts?

Thu, 06/18/2015 - 19:17 | 6211832 Al Gophilia
Al Gophilia's picture

"Long Bankster jumps from the thirteenth floors, nailguns...

Oh, and Guillotines."

Uh, no.

They are being fined for being sloppy and getting caught; "Pursuant to an offer of settlement (i.e. pay us a bribe to shut this down) ........".

Fri, 06/19/2015 - 04:26 | 6213049 Lorenzo153
Lorenzo153's picture

Why manipulative? Isn't simply the free market?

Fri, 06/19/2015 - 05:39 | 6213104 joseJimenez
joseJimenez's picture

If you cut these fuckers head they will grow two new ones. 

Fri, 06/19/2015 - 13:02 | 6214347 Creepy Lurker
Thu, 06/18/2015 - 22:15 | 6212448 Calmyourself
Calmyourself's picture

Kirk, starting to wonder about you, Uhura suck your brain out boy?  It's obviously Bush's fault..

Thu, 06/18/2015 - 17:53 | 6211562 LoneStarHog
LoneStarHog's picture

Today's Conspiracy Theory Is Tomorrow's News Headline

Thu, 06/18/2015 - 18:11 | 6211631 duo
duo's picture

It's a conspiracy until you're in on it, then it's called a "project".

Thu, 06/18/2015 - 18:56 | 6211774 Thirtyseven
Thirtyseven's picture

I didn't realize the word Project originated from the Hebrew language.

Fri, 06/19/2015 - 07:46 | 6213262 SoilMyselfRotten
SoilMyselfRotten's picture

You never heard of Project for a New Amarican Century?

Thu, 06/18/2015 - 19:39 | 6211770 jonytk
Thu, 06/18/2015 - 19:27 | 6211864 ZH Snob
ZH Snob's picture

I see nothing but good here.

the price of PMs has been put on an artificial sale since 2013, allowing any joe to buy his fill.

the scheme cannot last forever and will eventually consume itself.

meantime

PMs continue to be on an artificial sale.

these conditions are highly favorable to both the manipulators and the buying public, most of whom do not trust the status quo and see the mathematical endgame far in advance. 

time, as they say, is on their side.  they are not traders, they are visionaries.

 

 

Thu, 06/18/2015 - 19:46 | 6211956 acetinker
acetinker's picture

This is instructive- a stick figure with a large 'member' gets the most greenies with his shortest comment- ever!

Fuck me!  I should'a listened to Groucho.

Meet me at Wintzell's for some oyster stew sometime.

Thu, 06/18/2015 - 20:08 | 6212027 Bill of Rights
Bill of Rights's picture

No a conspiracy is failure to think.

Thu, 06/18/2015 - 17:45 | 6211531 Sweet Chicken
Sweet Chicken's picture

I'll pistol whip the next guy who says shenanigans!

https://www.youtube.com/watch?v=MFZG8KQJni8

 

Thu, 06/18/2015 - 17:51 | 6211550 Carpenter1
Carpenter1's picture

no, wasnt a bankster, it was some nobody investment firm. 

Thu, 06/18/2015 - 18:01 | 6211590 markovchainey
markovchainey's picture

It was that Indian guy trading out of his parent's basement.  He also stole my lunch money.  And kicked my dog.

 

Thu, 06/18/2015 - 18:40 | 6211731 swmnguy
swmnguy's picture

And he kidnapped the Lindbergh Baby, shot JFK, faked the moon landing, lost that Malaysian plane; the list goes on and on.

Love the user name.  Do you still leave perplexing signs in public places?  Have you nailed a daughter from every powerful family yet, or still working on that?  Gotten any taller?

Thu, 06/18/2015 - 20:59 | 6212163 markovchainey
markovchainey's picture

Thanks!  And yes, still working on it, still short and still have the Tarot cards!

Thu, 06/18/2015 - 23:32 | 6212669 swmnguy
swmnguy's picture

fnord

Thu, 06/18/2015 - 18:42 | 6211737 El Oregonian
El Oregonian's picture

"no, wasnt a bankster, it was some nobody investment firm."

Yea, kinda like L'il ol' Belguim buying up 400 Billion dollars worth of U.S. Treasuries... hmmmm

Thu, 06/18/2015 - 19:19 | 6211851 e_goldstein
e_goldstein's picture

 no, wasnt a bankster, it was some nobody investment firm. 

 Was the CEO Edward Quince by any chance?

Thu, 06/18/2015 - 17:56 | 6211571 janus
janus's picture

Sweet Chicken,

didn't even have to view the clip, as the quote is firmly fixed in my cult-comedy-classic cache...

just let me know when you're ready to take janus on in a syrup swilling contest:

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

here's one more...fun on the range:

https://www.youtube.com/watch?v=wgH8qwsNkpI

janus

Thu, 06/18/2015 - 17:56 | 6211575 ljag
ljag's picture

OT OT

Watching jeopardy now and NOONE knew who Jamie Dimon was???

Thu, 06/18/2015 - 19:20 | 6211855 e_goldstein
e_goldstein's picture

Was the question

Who is a giant douche?

Thu, 06/18/2015 - 18:03 | 6211596 Scooby Dooby Doo
Scooby Dooby Doo's picture

Shararagins

Thu, 06/18/2015 - 18:29 | 6211692 Max Steel
Max Steel's picture

hey scoob whrre is Shaggy ?

Thu, 06/18/2015 - 17:51 | 6211551 Rainman
Rainman's picture

Golly gee,  this kind of shit must be going on in all markets. Hey, can they put an algo in jail ?

Thu, 06/18/2015 - 17:56 | 6211572 lordylord
lordylord's picture

As if the algo wrote and implemented itself.  Get real buddy.

Thu, 06/18/2015 - 18:01 | 6211589 Rainman
Rainman's picture

right you are .... let's round up thousands of coders.

Thu, 06/18/2015 - 17:54 | 6211557 LoneStarHog
LoneStarHog's picture

Duplicate

Thu, 06/18/2015 - 17:52 | 6211558 Tinky
Tinky's picture

Trader Dan is not convinced.

Thu, 06/18/2015 - 17:58 | 6211581 LoneStarHog
LoneStarHog's picture

F that tool...

Thu, 06/18/2015 - 17:53 | 6211559 Seasmoke
Seasmoke's picture

$50,000USD. You can pay me now. Or you can pay me later. 

Thu, 06/18/2015 - 17:53 | 6211560 BadDog
BadDog's picture

Yes, this a  crime and also a civil suit for everyone that held positions in the markets at that time.  How about a class action suit against these bastards with lots and lots of pain and suffering damages.  Then when that's done how about a grand jury enpaneled followed by a first class trial and long prison sentences.

Thu, 06/18/2015 - 18:01 | 6211588 logicalman
logicalman's picture

Dream on!

Thu, 06/18/2015 - 18:05 | 6211608 BadDog
BadDog's picture

At this stage of the game that's about all I have left.

Thu, 06/18/2015 - 20:15 | 6212048 acetinker
acetinker's picture

Doesn't matter- at this stage of the game there's nowhere near enough assets to cover the bets (derivatives) at current valuations to cover the promises made.... to anyone, anywhere.

One fine day, the servants of this cult will wake up to discover that they are penniless.

It seems close at hand.

Thu, 06/18/2015 - 18:09 | 6211622 exi1ed0ne
exi1ed0ne's picture

Might as well ask for a pony and a BJ from Monica Bellucci while your at it.  Wish big or go home.

Thu, 06/18/2015 - 17:56 | 6211574 Drummond
Drummond's picture

I wouldn't be suprised if Obama starts handing out Federal Medals of Honor for these gold flash crashers.

Thu, 06/18/2015 - 17:59 | 6211584 Ms No
Ms No's picture

Good work Tylers.  For some reason this reminds me of Richard Ney's rule #5:

  "In order to employ ever increasing financial resources, specialists (insiders) will have to effect price declines of ever increasing dimensions in order to shake out enough stock." 

Thu, 06/18/2015 - 18:01 | 6211592 Peter Pan
Peter Pan's picture

Is it any wonder that some clowns in the USA think they can carry out a pre-emptive strike on Russia. To them it's like another share market/ gold market manouvre.

Thu, 06/18/2015 - 19:19 | 6211848 Lore
Lore's picture

Would that be a paper strike, or do you want actual physical delivery?  If you're dealing paper, the fee is $200K, no real questions asked. Pretty good deal. 

Thu, 06/18/2015 - 18:02 | 6211594 kowalli
kowalli's picture

another conspiracy fact, lets wait for 9.11 or for moonlanding...

Thu, 06/18/2015 - 18:03 | 6211597 youngman
youngman's picture

It cost me alot of money......but not enough to hire a Wall Street lawyer to get back...some day there will be no gold left...just the paper players..and when that news is offical..things will change..

Thu, 06/18/2015 - 18:08 | 6211603 Latitude25
Latitude25's picture

Let me guess.  Mirius was some Indian guy in his underwear in his mom's basement.  Can't even pursue that stooge.

And 2014 was not even the biggest spoofing.  What about 2013 and 2011?  You have your work cut out for you Tylers.

Thu, 06/18/2015 - 18:11 | 6211629 buzzsaw99
buzzsaw99's picture

...round up the usual suspects [/captain renault]

Thu, 06/18/2015 - 18:28 | 6211687 Socratic Dog
Socratic Dog's picture

My guess is that it was a Mossad front company.

Thu, 06/18/2015 - 18:07 | 6211611 TheCanadianAustrian
TheCanadianAustrian's picture

Translation: the fed was the seller, and they finally struck a deal with a private firm to take the heat. The key is that the private firm "neither admitted nor denied" the official story.

 

Seriously, are people on this site actually dumb enough to believe this story?

 

 

 

 

 

Thu, 06/18/2015 - 18:11 | 6211632 The Delicate Genius
The Delicate Genius's picture
TheCanadianAustrian Personal information
Biography

I'm an Analyst at IBM. I started following the Austrian school of economics about a year ago. Since then, I've followed and read most of the articles of ZeroHedge. My favorite economist is Peter Schiff.

Why did my previous registration (a couple of weeks ago) not go through?

Relationships
Relationship actions
History
Member for
3 years 4 weeks

 

 

Um... what?

Thu, 06/18/2015 - 18:11 | 6211633 espirit
espirit's picture

Nope.

Just entertaining the demise of the minions.

Thu, 06/18/2015 - 19:31 | 6211883 Al Gophilia
Al Gophilia's picture

So, you first shoot the messenger and then leave us in suspence, waiting for you to post your analysis and paper-trail expose'. Will you please hurry, I'm holding my breath.

Thu, 06/18/2015 - 19:47 | 6211960 Al Gophilia
Al Gophilia's picture

Expires.........

Thu, 06/18/2015 - 18:09 | 6211623 The Delicate Genius
The Delicate Genius's picture

good work, tylers. 

 

Now this - should be a pretty major story, but the story here is how a story like this manages to never be... wait for it....  a story.

Thu, 06/18/2015 - 18:50 | 6211755 Bay of Pigs
Bay of Pigs's picture

I disagree. This story misses the mark. The real crimes were the two false flag events of April/May 2011 and April 2013 (fake Bin Laden death and the Boston Bombing hoax) where gold and silver were utterly annihilated and have never recovered.

ZH was on that back then so I don't know why this particular story means much at all. The damage was already done by 2014.

Thu, 06/18/2015 - 18:10 | 6211626 Downtoolong
Downtoolong's picture

Damn, I was soooo hoping it was going to turn out to be Goldman or JPM again.

Thu, 06/18/2015 - 20:50 | 6212136 actionjacksonbrownie
actionjacksonbrownie's picture

Who's to say it wasn't? There is no mention of exactly who the clients were of this firm that initiated the selling.

Thu, 06/18/2015 - 18:15 | 6211645 Lumberjack
Lumberjack's picture

Going back a few years,,,

Rothschild, Paulson To Buy RusAl Shares

http://www.themoscowtimes.com/business/article/rothschild-paulson-to-buy...

 

United Company RusAl has lined up four cornerstone investors for its upcoming IPO in Hong Kong, including a member of the Rothschild family and one of the richest men in Southeast Asia, according to a prospectus for the sale.

The highly anticipated listing will be the first by a Russian company in Hong Kong, and analysts said it was gaining steam after a series of setbacks prevented the sale from being completed in December.

The aluminum giant, controlled by Oleg Deripaska, is hoping to sell a stake of 10.81 percent to pay down $14.9 billion in debt.

The billionaire will see his stake of 53.35 percent diluted to 47.59 percent after the IPO, but he will retain control over management, according to the prospectus.

Among the four cornerstone investors is NR Investments, owned by Nathaniel Rothschild, which has set aside the equivalent of $100 million to buy shares, RusAl said in its 1,141-page prospectus, released Dec. 31 on the web site of the Hong Kong Stock Exchange.

U.S. hedge fund Paulson & Co., run by billionaire John Paulson, also agreed to invest $100 million, while three of Asian billionaire Robert Kuok’s companies — Kerry Trading Co. Limited, Cloud Nine Limited and Twin Turbo Limited — will pay a combined $20 million.

Vneshekonombank will buy 3.15 percent at the offer price, the document said. VEB head Vladimir Dmitriyev said in December that the lender could spend up to $670 million on the shares.

If the shares sell at the midpoint price of 10.8 Hong Kong dollars ($1.39), the four cornerstones would be buying about 39 percent of the offer for 6.8 billion Hong Kong dollars ($877 million), the document said. At that price, NR Investments and Paulson & Co. would take 0.49 percent stakes, while Kuok’s companies would get 0.09 percent.

 

========= Paulson and Gold from earlier this year.=========

Paulson Keeps Gold Stake as Investors Lose Love for Metal

http://www.bloomberg.com/news/articles/2015-02-17/paulson-maintains-gold...

 

Billionaire hedge fund manager John Paulson stuck with his holding in the world’s biggest gold exchange-traded product at a time when other investors were dumping the metal.

Paulson & Co., the largest holder of the SPDR Gold Trust, kept its stake at 10.23 million shares in the three months ended Dec. 31, a government filing showed. The position was unchanged for a sixth straight quarter.

Assets in the SPDR fund slumped 11 percent in 2014, and reached 704.83 metric tons in January, the lowest since September 2008. Gold prices dropped 1.5 percent last year, capping a consecutive annual decline for the first time since 1998. Gains for equities and the prospect of rising U.S. interest rates prompted some investors to lose faith in the metal as a store of value.

Gold for April delivery added 0.1 percent to $1,209.50 an ounce on the Comex in New York at 2:32 p.m. in Singapore. Prices reached $1,130.40 on Nov. 7, the lowest since April 2010, and slumped 28 percent in 2013.

Global demand slid to a five-year low of 3,923.7 tons in 2014, the World Gold Council said in a report Feb. 12. Assets in global bullion ETPs declined by 164.4 tons last year, data compiled by Bloomberg show.

While investor interest has waned, U.S. demand for jewelry made from the metal reached a five-year high in 2014, data from London-based World Gold Council show.

Paulson uses the SPDR ETF to back his funds’ gold share classes, which offer holdings denominated in bullion for investors interested in decoupling their assets from the value of the dollar.

Thu, 06/18/2015 - 18:20 | 6211654 F0ster
F0ster's picture

All this tells me is the metals are trading at a utterly false price range and should be accumulated in quantity. Keep the corruption and HFTs slamming it down I say!

The market will send the price back up to fair value when there's nothing left to buy. This is common knowledge with us so called 'bugs' but wait until the sheep wake up one morning to find their paper stock market wealth is trapped and collapsing in value. The transfer of wealth is coming just let the Gov, banks and Wall St keep this scam going. The smart and tiny minority of us who grok this shit show are currently cleaning up. The price action comes later. Keep stackin!

Thu, 06/18/2015 - 18:23 | 6211672 Kirk2NCC1701
Kirk2NCC1701's picture

Mirus Futures execs are: Dwayne Paul, Eliot Wickerheimer, Yury Orlov

https://www.linkedin.com/company/mirus-futures

 

Hard Eight owned Zenfire and Mirus. All of these owners are listed as more than 10% share of Zenfire:

1. BIGTICK LLC
2. KEVIN LEONARD BOHREN
3. SCOTT S CAUDELL
4. IGOR CHERNOMZAV
5. CALEB FRYER FISHKIN
6. PATRICK JON SHAUGHNESSY
7. ELIOT JAMES WICKERSHEIMER

Check out its Founders (Igor Chernomzav, Cal Fishkin, Kent Spellman, Francis Wisniewski): http://www.hard8trading.com/company/founders.html

Chernomzav (Russian) https://www.linkedin.com/pub/igor-chernomzav/0/7a2/342

Fishkin & Chernomzav in Non-compete lawsuit... https://www.paed.uscourts.gov/documents/opinions/08D0674P.pdf

Then there's another firm 3Red Trading LLC and co-founders Igor Oystacher (90% owner) and Edwin Johnson (10% owner) were subpoenaed in a market manipulation probe by the Commodity Futures Trading Commission.

http://www.bloomberg.com/news/articles/2014-11-19/market-manipulation-pr...

Funny how Russian expats of all people and Tribesmen keep popping up on Gold Manipulation.  TBD is if these Russians are Tribesmen also, which focuses the "circle of friends with special interests".

Tyler, ZH friends, please dig deeper.  "Follow the money".  And list of Suspects with Motive, Means and Opportunity.

Fri, 06/19/2015 - 00:50 | 6212802 21centurydragon...
21centurydragonslayer's picture

The "Russian expats" are in reality former "Red Mafiya" or more accurately Jewish/Israeli Mafiya. At least the kingpins are Jews. This is the core of the global crime syndicate. 

In Russia’s post-perestroika years (1990s), thousands of Russian thugs slipped into America with the greatest of ease. “The understaffed and ill-equipped Immigration Service,” Robert Friedman reveals, “seemed helpless to stop them.

Hundreds of former Soviets athletes and Special Forces veterans of the Afghanistan wars, including many retired KGB agents, swarmed into America. (There are now between 500,000 to 750,000 Russian Jews here).  

Many Russian criminals ended up at Brighton Beach, Brooklyn, where they were to join the combat brigades of the Red Mafiya. They were at once put on retainers of $20,000 a month. No jobs as janitors or road sweepers for them!  Like ducks to water, they took to sex trafficking, prostitution, pornography, drug running, loan sharking, stock market scams, arson, burglary, bank and jewelry frauds, counterfeiting, vote rigging, arms sales, extortion and murder.

http://www.darkmoon.me/2013/the-judeo-russian-mafia-and-the-bloodbath-to...

These are primarily quick leveraged slash and burn operations. The "customers" are often part of crime money laundering operations, and are used as patsies agreeing to take some losses on these trades. The Mafiya front runs them by carefully shorting beforehand and then covers $25 lower. The direction of these trades is not always down, but that has been the preference. 

The long term net effect has been to sour sentiment in precious metals and harm price discovery. There may have also been price suppression collusion involved so that China in particular could accumulate actual gold. The larger question now is if China has wetted it's appetite and has another agenda involving higher gold prices. US authorites are compromised, bribed and compliant. 

Fri, 06/19/2015 - 02:25 | 6212946 hedgiex
hedgiex's picture

Thanks. I smell some Russian quants. These quants tend to huddle together and many on the streets after the math labs of the TBTF Banks downsized.

In the past these market terrorists were at the fringe to be aware of but not causing great harms. If they hook up with money launderers, tax evaders etc...they are building formidable fire power.

Will come back with more digging to substantiate or say on the wrong trail. IT with Algos turbocharging market rigs opposite stone age guards is not a Joke.

 

Thu, 06/18/2015 - 18:24 | 6211680 hannah
hannah's picture

EVERYONE SHOULD BE THANKING THESE PEOPLE.....GOLD WENT DOWN IN PRICE.....F'ING BUY CHEAP GOLD....!!! the REAL price of gold will be the price AFTER the collapse. stop complaining about gold manipulation....jesus christ.

Thu, 06/18/2015 - 18:55 | 6211760 Kirk2NCC1701
Kirk2NCC1701's picture

YOU FAIL LOGIC 101.

The issue is NOT Price Level, but MANIPULATION.  People buy or sell with certain FREE MARKET Assumptions and Expectations.  Since these have been violated, so have their buy/sell decisions and their profits/losses realized.

The Perpetrators need to be ID'd (via Forensic Analysis on a CSI), hunted down and prosecuted for damage done.  Maybe even tarred & feathered, or worse.

.My parents lost a 5-figure amount, and I have half a mind to put a 'Futures Contract' of a different sort out on these cocksuckers.  See, the way life works, at some point, when Evil People cross certain lines, the Consequences are extreme -- no matter the 'legality' of said Consequences, because the satisfaction of Retribution exceed the risk of further consequences.  It's the only way that these Parasites and Cockroaches will learn not to fuck with (the wrong) people.

Thu, 06/18/2015 - 19:02 | 6211787 Bay of Pigs
Bay of Pigs's picture

Good posts Kirk. Many of us have been totally screwed by these criminals for several years regardless of the price action. By that I mean outright theft, rigging, manipulating, racketeering, fraud and conspiracy among other things.

Firing squads are in order for these fuckan crooks, not any thanks.

Fri, 06/19/2015 - 07:12 | 6213193 truth serum
truth serum's picture

Amen,bro!!

Fri, 06/19/2015 - 17:03 | 6215335 hannah
hannah's picture

kirk you really are a stupid fuck....you think that tou complaining about manipulation will change anything. a smart person profits from the shit. you are too stupid apparently to do that. keep complaining about the world and just go broke...! we never had a free market you dipshit.

 

who would be selling gold today. you buy gold as a store of wealth. if you want to day trade, buy stocks.

Thu, 06/18/2015 - 19:11 | 6211822 Kirk2NCC1701
Kirk2NCC1701's picture

Mikey,  nothing against your special crystal-ball and ability to predict a golden future, but...

At this point a lot of people here are "From Missouri" -- the "Show Me" State.  I will no longer fall for any Pump & Dump, or Dump & Pump scams.  If PM doubles, I will sell what I got, and if it falls by 50% I may think about buying more.  Until then... Fuck the Manipulators and Shills!  In the future I will stick to assets that make more sense than shiny metal. 

For example, thanks to Simon Black's friends in Asia, I made nice Returns the last 2 years.  A LOT better returns than with crappy PM, that's for sure.  If I had invested with them what I put into PM, the profits would easily have bought me a bunch of PM at today's prices.  And I'd still have the original Capital.  Hence...

Fuck the shills!  DIVERSIFY or perish.

Thu, 06/18/2015 - 20:07 | 6212025 TheGreatRecovery
TheGreatRecovery's picture

Captain, it is illogical to purchase futures in commodities.  One must purchase and take delivery of the commodities themselves.  Otherwise, one is at the mercy of market manipulators, and one will surely lose as the manipulators gain.

Thu, 06/18/2015 - 20:21 | 6212064 TheGreatRecovery
TheGreatRecovery's picture

deleted

Thu, 06/18/2015 - 18:36 | 6211717 The Delicate Genius
The Delicate Genius's picture

post some questions on 4chan...  you might get lucky.

Thu, 06/18/2015 - 18:47 | 6211748 Panic Mode
Panic Mode's picture

Are you sure they are not scape goating?

Thu, 06/18/2015 - 18:50 | 6211756 q99x2
q99x2's picture

White people caused it.

Thu, 06/18/2015 - 23:29 | 6212661 A Dollar Short
A Dollar Short's picture

Especially white cops, they cause everything.

Thu, 06/18/2015 - 19:09 | 6211817 Clowns on Acid
Clowns on Acid's picture

So .. letme get this straight. The SEC / CFCT can throw some Indian dude lving in London into tht jail in Ole Blimey for "manipulating" the Stalingard and Poorsky 500 Index, but the Russian jews in NYC manip and get a " oh well.. the company is closed and the employees are ..not to be found"...

They are hurtling toward Gomorrah.

Thu, 06/18/2015 - 19:38 | 6211923 shovelhead
shovelhead's picture

More like a casual saunter.

Govt. jobs holders ain't noted for their blinding speed.

Except for trying to sneak in payback POS legislation.

Thu, 06/18/2015 - 20:22 | 6212032 TheGreatRecovery
TheGreatRecovery's picture

These are not the ones who accepted the 10 Commandments and try to live by them.  These are the ones who forged the Golden Calf and still worship it.  Two completely different groups.  There will ALWAYS be these two completely different groups.

And every State, people, political organization, and religion has two such completely different groups.  The "real things" and the self-serving pretenders.

Thu, 06/18/2015 - 19:13 | 6211831 geekz_rule
geekz_rule's picture

thank you ZH, "tylers", And Eric @ Nanex! these posts are why i come to ZH. 

Thu, 06/18/2015 - 19:46 | 6211952 Itshappening
Itshappening's picture

Big moves in silver in the coming weeks. get ready.

Thu, 06/18/2015 - 20:59 | 6212165 actionjacksonbrownie
actionjacksonbrownie's picture

It would be somewhat more enlightening if you specified the direction of these "big moves".

Thu, 06/18/2015 - 21:15 | 6212240 TheGreatRecovery
TheGreatRecovery's picture

Check out SLV in Stockcharts.com with bollinger bands.  Set Rsi=8.  Update.  See a pattern resemblance to March 18, 2015, or April 27, 2015?

Perhaps that is bullish short-term.

Then switch from Daily to Weekly and update.  See where SLV is within the Bollinger Bands?  And then see how Rsi=8 is bottoming at higher and higher levels? 

Perhaps that is bullish longer term.

Remember, buying is easy, selling is hard.

Of course... one might ALWAYS simply purchase a USA silver dollar....  That way, a bullish move might make one feel smart for having bought low, and if SLV turns down, one might still feel patriotic for having helped protect the Constitution: "Congress shall COIN the money".

Love Jackson Browne.  :-)

Thu, 06/18/2015 - 19:46 | 6211953 Itshappening
Itshappening's picture

Big moves in silver in the coming weeks. get ready.

Thu, 06/18/2015 - 19:59 | 6212002 Rhal
Rhal's picture

They are just making it even more obvious the the whole market has the integrity of an Albanian casino. 

I've given up waiting for justice. When even the legal system protects the corrupt, the system dooms itself to collapse. 

All I can do for now is figure out how to feed my family through thick and thin, but I do belive in a bright future. Probably soon. 

Thu, 06/18/2015 - 20:04 | 6212017 Platypus
Platypus's picture

LOL !! Always funny how ZeroHedge say things like: "The authorities did this after we wrote that"!! I guess those people behind the 'Tyler Durden " nickname have some megalomania issues : ) ) !! Anyways....... economic news outlets are for entertainment only. I used to take alternative media a little more seriously than CNBC and others but now I know they are all the same. So........ congratulations Tylers.......very entertaining article.

Thu, 06/18/2015 - 20:22 | 6212068 Soul Glow
Soul Glow's picture

Dude everyone reads Zero Hedge.

ARE YOU FUCKING NUTS?!

Fri, 06/19/2015 - 01:39 | 6212881 Tall Tom
Tall Tom's picture

ZH is in the top 1% of all websites frequented...in both the USA and in the Wrld.

 

THat is why this is heavily trolled.

 

That is also why I publish here.

 

When articles are read by tens of thousands if not hundreds of thousands then that is a widespread audience.

 

The truth is being exposed and the handlers do not like that...at all.

 

Does not matter too much. The Fed has lost all credibility as it will not raise Interest Rates. The Central Banks have capitulated control.

 

In September the whole thing melts down or burns up in a raging inferno, to be swept up into the dustbin of a history which never will be recorded as we will not survive it.

 

Enjoy your last days and spend some tme with your loved ones.

Fri, 06/19/2015 - 01:52 | 6212899 JustUsChickensHere
JustUsChickensHere's picture

September ?  13 ?

Thu, 06/18/2015 - 20:15 | 6212045 Barry McBear
Barry McBear's picture

I lost over 100k because of that Jan 6 event.  I want names!

I can figure out addresses on my own.

Thu, 06/18/2015 - 20:18 | 6212059 TheGreatRecovery
TheGreatRecovery's picture

The names are noted in comments on this page.

Fri, 06/19/2015 - 01:48 | 6212895 Tall Tom
Tall Tom's picture

Mirus Futures execs are: Dwayne Paul, Eliot Wickerheimer, Yury Orlov

https://www.linkedin.com/company/mirus-futures

 

When you get the addresses...OT publish them in a response to one of my posts please. Thanks.

Thu, 06/18/2015 - 20:17 | 6212055 TheGreatRecovery
TheGreatRecovery's picture

I think ZeroHedge does important work that SOMEBODY needs to do to protect what little freedom remains in Free Markets kept in near-death coma by Ravenous Parasitical Central Banks.

Thu, 06/18/2015 - 20:25 | 6212077 Loucleve
Loucleve's picture

a comment below on NR Investments got me Googling.  Look who is buying COAL.  which in the US has been destroyed:

Rothschild vehicle considering offer for Indonesia's ARMS

April 20 2015

// // '); } ]]>

April 20 NR Investments Ltd, controlled by British financier Nat Rothschild, said a subsidiary and Suek Plc were considering making a cash offer for coal miner Asia Resource Minerals Plc, which has most of its operations in Indonesia.

The announcement comes less than a week after ARMS received notice of a possible 210 million pound ($313 million) bid from Asia Coal Ventures (ACE), a vehicle funded by Indonesia's Sinarmas Group.

Nat Rothschild is the third-largest shareholder in ARMS, while NR Investments is the fourth-largest, according to Thomson Reuters data

Thu, 06/18/2015 - 20:21 | 6212066 Soul Glow
Soul Glow's picture

Mirus owned by JPM subsidiary?

Thu, 06/18/2015 - 20:43 | 6212116 CPL
CPL's picture

Yes, the rats nest trades under zentrader.  They've been all watched for a while.

Thu, 06/18/2015 - 20:28 | 6212084 Roger Shermanator
Roger Shermanator's picture

Dang, I was almost certain that it was some 19 year old trader running Windows ME and a 56k modem while living in his parent's basement.

Thu, 06/18/2015 - 20:38 | 6212108 CPL
CPL's picture

Eliot Wickersheimer
CEO, Mirus Futures

http://www.marketswiki.com/wiki/images/thumb/7/74/Elliot_Wicker.jpg/150p...

https://www.linkedin.com/in/eliotwickersheimer

Address history:

Chicago, IL
Urbana, IL
Champaign, IL

Fri, 06/19/2015 - 00:16 | 6212770 californiagirl
californiagirl's picture

Wickersheifer is listed as a codependent in a N.J. lawsuit with JP Morgan,

FIALK v. MIRUS FUTURES LLC et al

I am sure there are deeper connections.

Fri, 06/19/2015 - 07:11 | 6213192 TheGreatRecovery
TheGreatRecovery's picture

codefendant?   :-)

Fri, 06/19/2015 - 09:02 | 6213448 CPL
CPL's picture

Sure, go look at the Federal Reserve board...then go look at Israel's advisory committee...then go look at the IMF's committee.  All on "the list".

Thu, 06/18/2015 - 20:49 | 6212134 DirkDiggler11
DirkDiggler11's picture

Those vodka soaked bastards didn't cost me a penny since I haven't sold even one of my AGE's or ASE's in over a decade. I do enjoy the sale pricing, and I continue to stack as I know the sale will end and I will have to buy at full retail price in the near future ...

Thu, 06/18/2015 - 20:59 | 6212164 Vooter
Vooter's picture

Looks like we're gonna need more gas chambers!

Thu, 06/18/2015 - 21:34 | 6212301 Atticus Finch
Atticus Finch's picture

What I can't figure out is that if everyone in the world knows that gold and silver prices are manipulated, why can't fair market price be forced.

Thu, 06/18/2015 - 22:14 | 6212444 Albertarocks
Albertarocks's picture

With countries repatriating their gold from New York, and Texas about to build their own repository, that scenario is beginning to unfold.  A day will come when demand for the physical becomes so absolutely overwhelming that the paper gold market will just collapse.  In that process, a whole lot of the manipulating bastards will be crushed, as they should be.  Have patience my friend.  I wish I knew exactly "when" but like I say, that scenario where gold and silver can find their true level on the physical side is approaching.  I'd say we see a bottom this year and then a blast off of biblical proportions.  First stop, $5,000.

Fri, 06/19/2015 - 00:33 | 6212788 TheGreatRecovery
TheGreatRecovery's picture

Suppose termites got into a building, and you couldn't exterminate them.  You know the building is going to fall down, but it's hard to predict exactly WHEN. 

So what do you do?  You MIGHT moving your stuff out of the building.

Now suppose termites got into the Constitution, where it says, "Congress shall COIN the money".  The termites started printing "money" out of thin air.  You know this is going to end badly, and coins will come back, but it's hard to predict exactly WHEN.

Thu, 06/18/2015 - 21:47 | 6212357 Phillyguy
Phillyguy's picture

The price of gold has been manipulated by the FED and US banks utilizing uncovered short positions. Expensive gold threatens the dollar (ie, the foundation of US hegemony). Paul Craig Roberts has written extensivley about this- Link: www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation

Fri, 06/19/2015 - 00:23 | 6212783 onmail
onmail's picture

If gold is high  Dollar will crash and also other currencies.

Therefore dollar is always kept high by selling gold.

But the good thing is that the developing countries buy gold (by earning dollars by selling goods & services to Satan America and its Vampire allies)

And what America and its allies do ; they would attack, sanction , topple govts in these developing countries (using armed attack or public protests using NGOS)  so that they get back the gold - Example Ukraine 

Fcuk the EW(Entire World)

-------

However the world is no more in dark ages , other nations can also now fatally bite back.

 

 

 

Fri, 06/19/2015 - 02:18 | 6212931 silverserfer
silverserfer's picture

I'm looking at you Janet you cunt. 

Fri, 06/19/2015 - 02:59 | 6212984 Whalley World
Whalley World's picture

I used to get upset with the smack downs emotionally until I realized I am a buyer!

Fri, 06/19/2015 - 03:50 | 6213030 shutterbug
shutterbug's picture

So, when a crime is commited in the (gold or other) market the felon is the platform aka the tool? The clients who in control of the action / logarithm are known ofc but aren't even a part of the (cirminal) investigation??!

ROFL yes, that must suites the USA Government, DoJ, the FED and probably some other parties who are involved in this kind of action.

Blame the gun next time someones is shot dead by police for no reason?

Fri, 06/19/2015 - 06:12 | 6213129 sTls7
sTls7's picture

It's rigged all of it, manipulated by big money.   No chance in hell for the little guy.  Rigged system.

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