Today is Proof of Manipulation in Precious Metals
jmski52
Posts: 22,822 ✭✭✭✭✭
The proof is in the charts. Today is a classic decline due to market forces.
No spike down with a quick reversal. Just a market decline and not much else. The proof is in what DIDN'T HAPPEN.
I rest my case.
No spike down with a quick reversal. Just a market decline and not much else. The proof is in what DIDN'T HAPPEN.
I rest my case.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.
I knew it would happen.
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Comments
Knowledge is the enemy of fear
Probably to ride a longer term trend/wish/desire/hope!
Best.
<< <i>every market it manipulated. EVERY market. >>
I agree today is not a manipulative takedown. The manipulations strike hard and fast.
<< <i>every market it manipulated. EVERY market. >>
And they will be when regulators fail to enforce regulations. What we need is William Black running the SEC and Brooksly Born back at the CTFC.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The interesting thing for me is Greece and France are going practically socialist now.
<< <i>The interesting thing for me is Greece and France are going practically socialist now. >>
How long before Germany leaves the Euro?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>The interesting thing for me is Greece and France are going practically socialist now. >>
How long before Germany leaves the Euro? >>
I believe they may be the last. Look for the southern countries to bail first. The socialists are capitalizing (no pun intended) on corrupt capitalism. It won't stop there. Some would even argue that they have gained ground here.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>
<< <i>The interesting thing for me is Greece and France are going practically socialist now. >>
How long before Germany leaves the Euro? >>
I believe they may be the last. >>
That's what I was thinking.
I see Greece and Spain (and probably Italy, which I doubt) try getting out of the Euro/UE.
If that happens it will be bad, IMHO.
Pretty much a standardized blueprint day. After the 10 am hit (note Friday's was at 10:30 am) it was pretty clear that gold, silver, and pall were well under their lows from Friday's
whackdown. Yet the other commodities, energy, Dow, S&P, Naz, Russell were all about the same levels as Friday's low, or slightly higher. Several grains rallied during this drop. Sure
smelled of a much bigger push given to PM's from 2 am to 10 am this morning. But that's par for the course. And of course all markets are manipulated....just not as badly as
silver and gold which carry unusually large (and illegal) short positions on the Comex along with huge otc derivative's positions ranging from $100-$450 BILL.
No rebound today because the banksters were able to run the stops under $1625 and force technicals into a new position. Now back to the $1590-$1620ish trading range.
They got the longs to run scared and swept the board clean once again. The amount of contracts on gold and silver that traded during the key 08-12 period today was the largest
seen since the Feb 29th wipeout. It was only half of the volume of that clearly manipulated day. But then again we didn't get a $100 drop in gold, just $40. No need to get greedy
here as there has been lots of support around $1600 for quite some time. The Euro elections were just a convenient cover to run the sting. Never let a good crisis go to waste.
And when liquidity leaves the market isn't GSR supposed to rise rapidly along with VIX and other tell-talesigns? GSR dropped today as gold was the selected target.
Lather, rinse, repeat. I knew it would happen.