The Gold Anti-Trust Action Committee has held four international gold conferences to expose the manipulation of the gold and silver markets. The last one was held in August 2011 at The Savoy Hotel in London. A number of the speakers presented evidence of exactly what The Gold Cartel does to manipulate the markets.
One of the speakers was James McShirley who has documented numerous repetitive market activities which could never occur time and time again in a freely traded market. Just this past week gold completed its 2% up, 1% up, sideways, down hard pattern, which is only one of many trading anomalies James has tracked.
On Thursday he contributed the following to my daily PM markets commentary [3]:
Divining... with 80% guidance
Bill,
Reading the cartel tea leaves, and divining the near-future as it relates to 80% probabilities leads us to the following:
-
If gold recovers mildly tomorrow the rally will stop somewhere around $1,606.50, which is +1% of the (unofficial) Comex pit close.
-
If gold recovers nicely tomorrow the rally will stop somewhere around $1,622.40, which is +2% of the (unofficial) Comex pit close.
-
If they pressure gold in the access trade today the employment report tomorrow will be gold-friendly.
-
If they also pressure gold tomorrow the employment report will be very gold-friendly.
-
Regardless of the outcome gold has the best chance of rising from the Friday PM fix to the Monday AM fix.
Who needs Carnac the Magnificent when you have a totally manipulated, and likely predetermined outcome?
"May the fleas of a thousand camels nest in the cartel's shorts".
This latest cartel operation is feeling more and more like smoke and mirrors. The relentless attacks have a smell of desperation. It feels like they're firing all of their pea shooters at once hoping to stop a charging rhinoceros Maybe like the newly "discovered" WH covert ops in Syria there is also a heightened covert state of aggression towards gold. Keeping gold contained until November might be EVERYTHING
This is what he wrote today after The Gold Cartel’s 1% Rule was initiated despite the DOW, oil, and the euro soaring…
Winning predertermined outcome was....
Bill,
In the category of the "80% probability rule" the winning predetermined cartel outcome was, drum roll, : Both "A". and "E". Gold recovered mildly, and was capped at 1%, and also rises immediately after the PM fix. As most here remember reading yesterday I wrote:
Reading the cartel tea leaves, and divining the near-future as it relates to 80% probabilities leads us to the following:
A. If gold recovers mildly tomorrow the rally will stop somewhere around $1,606.50, which is +1% of the (unofficial) Comex pit close.
B. If gold recovers nicely tomorrow the rally will stop somewhere around $1,622.40, which is +2% of the (unofficial) Comex pit close.
C. If they pressure gold in the access trade today the employment report tomorrow will be gold-friendly.
D. If they also pressure gold tomorrow the employment report will be very gold-friendly.
E. Regardless of the outcome gold has the best chance of rising from the Friday PM fix to the Monday AM fix.
The high tick today up until the London PM fix was $1,606.80, which adjusting for yesterday's official Comex pit close was to the exact tick what I predicted. Gold then surged $12 after the PM fix to briefly trade slightly above +1%, but quickly fell back into the +1% rut. There can be no earthly reason for such uncanny predictions that happen with such regularity other than official, or coordinated price capping. This goes SO beyond the realm of even standard deviations. It would be impossible to claim profit as a motive when normal markets would kick anybody's ass that attempted such stupidity. The only answer lies in the deep pockets of a surreptitious cartel bent on illegally manipulating gold to serve their MOPE interests.
Signing off here at 12:00 EST with gold dead in the water at $1,606.80, or +1.00%. Nothing to see here. Everybody go home for the weekend and watch Olympic athletes get fake-gold medals. Even the best athletes in the world get swindled when it comes to owning gold.
http://chemistry.about.com/od/metalsalloys/f/what_are_olympic_medals_made_of.htm [4]
James Mc
And yes, gold finished up 1% on the Comex.
YEP, you can’t make it up!
right now.
James Mc