Profanity-Laced Tirade

Oh, how I would like to launch into one. What we have seen recently, and what we are currently witnessing, is the most blatant and disgusting manipulation of the metals I've seen. That it is allowed to stand without question by the CFTC, the SEC and the media sickens me to the point of nausea.

However, for the sake of our none-Fbomb-loving readers and in the spirit of inclusiveness, I will do my best to avoid lacing this post with the profanity it deserves. Let's instead just simply lay it out chronologically:

(Before we start, full disclosure: I do not currently have any positions. Heck, I don't even currently have a broker. I do not have an ax to grind regarding trading losses. I'm simply disgusted by the ongoing corruption.)

1) In the wake of the S&P downgrade of U.S. credit, gold rallies from 1650 to 1920 over a period of six weeks, primarily on the back of Cartel short-covering. New longs also enter the gold market as gold and the Swissie are viewed as the only "safe havens".

2) This absence of sellers panics The Cartel. They petition their friends at the CME to raise margins.

3) Gold trades back to 1750 but then rebounds almost as quickly.

4) The rallying Swissie frightens the Swiss and unbalances the currency trade in Europe.

5) The Swiss decide to devalue their currency by 10% by pegging it to the euro. Knowing this will cause a steep rally in the only remaining "safe haven", a dastardly plan is put into place.

6) The Swiss announce their plan in the overnight (U.S.) following a U.S. bank and government holiday.

7) Five minutes before the announcement is made, the Swiss National Bank sells a massive quantity of paper gold, causing gold to drop over $50.

8) This has the desired, counter-intuitive effect of suppressing what should have been a massive gold rally on the back of the Swissie devaluation.

9) This also "saves" The Cartel from a runaway gold price that would have likely smashed through $2000.

10) The Cartel springs into action, forces the downward momentum, gets some additional margin hikes out of the CME and down goes gold, falling from 1923 to 1525 in 15 trading days. Over the same time period, JPM puts the wood to silver, taking it from 44 to 26.

11) All the while, the world geopolitical and economic landscape continues to deteriorate.

   a) U.S. economy in toilet. U.S. government total debt reaches $15T. Blah, blah, blah.

   b) Europe in crisis. Dexia, Greece, Italy, France. Blah, blah, blah.

   c) The Middle East on the brink of war. New IAEA report shows Iran close to nuke. Blah, blah, blah.

   d) Chavez repatriates 100 tonnes and other central banks are massive net buyers of gold. Blah, blah, blah.

   e) Rioting, protest and insurrection is seen around the globe. Blah, blah, blah.

   f) Blah, blah, blah.

12) Gold and silver rebound. Gold back to 1800 and silver back to 35.

13) MFing Global blows itself up, effectively removing, seizing and/or freezing thousands of futures traders accounts. This destroys confidence in paper markets and removes potential buyers.

14) MFing Global assets seized and stolen by JPM to be liquidated and confiscated for their own use.

15) As we approach the December option expiry, JPM and other Cartel members begin to actively sell and suppress gold and silver. Despite increasingly strong fundamentals, the PMs are pressed lower, perhaps to the point of collapse.

Will they collapse? That is the question, now isn't it. It certainly looks like they might.

I'm on record as looking for a November high in gold between 1780 and 1840. I split the difference and called it 1810. The high, so far is 1805. That may be as close as we get. With all of the uncertainty today...crude over $100, the impending failure of the "super committee", the future of the euro, just to name some...gold is down another $30. It is obvious that there is currently a deliberate and intentional manipulative event taking place. Where it stops, nobody knows.

Could paper gold and silver go lower from here? Heck yes they can! The evil C/C/C has:

1) Raised margins to nearly untenable levels.

2) Destroyed trader confidence and trust by closing MF and stealing clients asstes.

This leaves us with way, way more sellers than buyers and.....down she goes, regardless of the fundamentals.

So, what do you do. You definitely DO NOT trade on the LBMA or the Comex. These disgustingly-manipulated playgrounds of The Cartel will continue to be entirely manipulated against regular investors. They will continue in this manner until they finally collapse from the weight of their sins. WHEN they collapse, the value of physical gold and silver will skyrocket. Therefore, take this time to continue to add physical metal. Speed the demise of The Cartel by using their suppression against them. Take delivery. Add to your stack. Hold your metal in your own two hands. Only by physical possession can you be certain that you truly own it. Only by physical possession will we ever be able to crush the evil, soulless banking cartel. And I want to crush them so fucking badly that I can hardly see straight.

TF

(at least I made it all the way to the end before unleashing the Fbomb)

p.s. All that said, I know many of you are looking for charts, nonetheless. So, here you go.

paper_11-17amgold.jpgpaper_11-17amsilv.jpg

336 Comments

Stormdancer's picture

Ha! My first first!

Ha! My first first!

Eat your heart out Pining 4 the Fjords!   :)

RedRover's picture

2

2

Patrancus's picture

Get physical or lose it all

When the game is rigged, it is time to fold your cards, pick up your chips and move to another game, and game is physical. 

SakitSaPuwit's picture

I don't have anything to say!

I am starting to think we are being played

I Run Bartertown's picture

"Hold your metal in your own two hands"

Words of wisdom, Turd! Hold on Tight.

:40 "It could be a crackhead that got holt' of the wrong stuff, and it told him to get up in the tree and play a leprechaun."

1:00 "This is a special leprechaun flute. Been passed down from thousands of years ago by my great-great grandfather who was Irish."

1:20 "I'm gonna rent a backhoe and uproot that tree. I wanna know where the gold at. Give me the gold. I want the gold."

exiledbear's picture

Yeah 1750 failed

So now we test 1700.

In the coin market, prices look to stay north of 1800 for the next few days. The spread is widening again between paper and physical.

Like I've said before, something ugly is probably going to happen when that spread reaches $300, and if it ever gets to $500, physical will separate completely and paper will never catch up again.

Turd Ferguson's picture

By whom?

MODERATOR

I hope you don't mean by me.

I'm doing everything I can to help and guide. The criminal activities of The Cartel and the criminal negligence of the CFTC and SEC have created this situation. Your only way out is to protect yourself and warn others. 

Turd Ferguson's picture

austrian...

MODERATOR

I just deleted you.

You cannot come on this site and advocate violence. If violence then takes place, the FBI comes after me, not you. All posts advocating violence MUST be deleted.

tread_w_care's picture

1525 gold is the reason I continue to . . .

kick myself in the ass for not buying it then.

waiting for this smash down to settle and then I need some for an upcoming fishing trip

Stormdancer's picture

We are being played

but it's not a game that can go on forever.  The wheels fell of this train a long time ago.  They installed a mag-lev system while we weren't looking. 

Another stick save in European debt today, but it cost them a lot more than the last one.  Which was yesterday :).  Tomorrow's will cost still more.

Contagion potentials from the MF Global disaster are still far from fully manifest.

In a financial system where pursuing insane leverage while perched atop a teetering pile of carefully "hedged" insanely complex instruments is the only way to make any money, these wild gyrations will eventually end up with someone totally upside down and bankrupt overnight.

Hold PM's tight.  They're going to be needed.

abguy4's picture

APMEX Banner~?

Hey,

What happened to the APMEX banner?
I hit that thing three times a day - everyday.

What more can we do?

I know-

Let's complain to the CFTC and the SEC.

Yah, that's it, that'll fix everything

;=}

DaddyO's picture

When Survival is the End Game...

the paper price doesn't matter!

In a recent post I explained about my decision to get out of the trading game and move down a different track.

Today's PM action shows the validity of my decision, I only see lower prices as a reason to stack more. I understand some Turdites like to trade, however our fearless leader has given us much caution in recent months and advised to tread lightly.

I also sensed that there is a current rise in discussion about canned goods, shelf life and other such talk here in the main thread. Is that a sign of increased anxiety of a collapse being more imminent?

MFing Global should have made even the most aggressive and risk numb trader sit up and question the likelihood of other PD's and brokerages being at risk and not above the same shenanigans.

Is all this just so much worry on our parts or should we redouble our preparation efforts to get through a possible collapse with as much of our wealth and health as possible?

DaddyO

WineGuy's picture

Re Manipulation ...

As frustrating as it is when they occur I now look forward to the beat downs. I am truly thankful to the EE for the beat downs because it allows me a little more time to prepare. We must be much closer to collapse as the beat downs are more frequent and obvious to anyone that is awake.  

Ferd Torgerson's picture

Price Action for Miners

Almost posted this yesterday based on what I was seeing and today just reinforces my opinion.

With the beat down in the metals this past several days, I'd have thought my gold and silver mining shares would have dropped even more than that have.  All my shares are still pretty well above where they were in late October.

Recall that in earlier months, when the metals dropped the miners dropped even more.  And, sometimes when the metals rose, the miners dropped anyway.

Not sure what to make of this week's action.  Shares are down but volume does not appear to be very heavy.  Neither was volume very heavy yesterday either. 

Is it possible that folks are now seeing the value in miners and we are getting some support here?

Would be interested in hearing from some  of the subject matter experts on miners such as Eric O &  TomL.

Thanks.

Ferd

Turd Ferguson's picture

Google ads

MODERATOR

APMEX was not a "sponsor". The banner was placed on your screen by Google ads, based upon the cookies on your computer. That's how it works.

Response to: APMEX Banner~?
¤'s picture

Love the passion

Whew!  This is starting to really suck big time.

And for all the reasons you laid out up above and the one's that lie ahead that we can't know about except that they will happen. War of attrition is what it's starting look like.

Is this the extreme violence before the PM market spasms upwards like Santa Jim and TF have been talking for quite some time?

Thanks for the passionate thread and all of that chronological run down.

It was impressive and helpful to everyone on here. Looks like it took awhile to compile and put it all together. I'm guessing 3 hours, at least. Appreciate it.

Drifter's picture

@ SakitSaPuwit

yeah we are

they make money going up, they make it on the way down too

the only time they don't make money is when it stays flat, so they have to create motion

Pining 4 the Fjords's picture

Great summary, TF

Man, it is really stark when it's all laid out to see...  powerful stuff, my man.  I am going to take your advice and work at extricating myself from paper markets over the next few months.  Hope it all holds together that long.

And Storm:  You, sir, are a quick-draw MF!  But I still live in hope of someday being first, a man has to have goals in life after all.  And FYI I do have an excuse,  I was toiling away on something- check it out later today ;-)

clueless one's picture

Turd..

I love ya, man.  Thanks for holding out on the F bomb til the end...it really ended the post appropriately.

Hope you and yours are doing well.  smiley

ps...this is all to plan, please remember that.  they want the one world thingy...and they'll get it.  Just don't take the mark...and NEVER give in!!

Be well.

Drifter's picture

google

I got a metal detector addenlightened

I guess google/cia knows I'm a hands on type of guy

ivars's picture

Gold patterns followed-see how it ends in the end of 2012

Gold seems to be following the green long term prediction line quite nicely:

So it should drop a bit more, providing a lot of buying opportunities. But see what  the same chart(from which this small piece is taken)  tells about end of 2012 and beyond:

For those who want to change from silver to gold, here is a prediction of Gold:Silver ratio- with a possible window of opportunity in August-November 2012:

But of course, from my charts, changing silver into gold at ratio anywhere below 50 is profitable as gold takes off earlier and faster.

More charts here: http://www.tfmetalsreport.com/forum/2814/ivars-charts

Bay of Pigs's picture

Gold and silver falling

Is a sign of some very bad things on the horizon. This happened in 2008, and this is a far worse situation.

No QE in Europe (massive) and the whole shithouse goes up in flames (EU breakup and ensuing bank contagion).

jacey's picture

Yes, we are being played

Turd, your post puts into words what I think most here are feeling...the frustration knowing it's rigged and not being able to do anything about it...sometimes I wish it would just hit the fan already.  Thanks for your thoughts :)

diegeiro's picture

mining shares

I am getting the feeling that TPTB are trying to shake us out of our miners, manipulating whatever news they can, which is a lot;  suppressing prices when they want to buy and raising prices when they want to sell. Prices could still drop on miners, but wdik.

For Turd, I'll say it for you:

Fuck fuck FUCK!

Colonel Angus's picture

Such restraint...

...and we've all been restrained in waiting to BTFD. Keep on waiting it out then Turdtown can buy all the physical that is out there. I've been waiting for the decoupling of paper and phyz prices. With the wheels coming off in Europe, it might be just about time...buy while we have the chance. Sell whatever has to be sold in order to buy more. Set yourself up well for the other side. We are.

diegeiro's picture

coupon codes anyone?

could use a few coupon codes for free shipping.

Hau's picture

Down we go!

Silver has dropped $1.50 USD since I bought some yesterday. As a newbie, I welcome the smack-down as it buys some time to accumulate. (By the way, BullionDirect raises their handling fee tomorrow!)

Thanks TF for providing the backdrop, as always. It's reassuring to know that I'm not the only one wondering "WTF" when comparing spot prices against the world news. 

LongGoldLongSilver's picture

Photo Evidence!

I took a step back and looked at the bigger picture. Here's my best photo shot:

http://www.economicfreefall.com/2011/11/gold-demand-inching-up-with-gold-in.html

¤'s picture

LOL

Wow, like clockwork.

Have a good day!

Platinum_Investor's picture

It's going to take lots of time

The cartel is in FULL control of the situation.  No fear, no signs of cracking.  Seriously this is not a cartel

this is global governments working together here.  As mentioned about with Swiss gov smashing Gold when

they devalued their currency.

Syndicate contentComments for "Profanity-Laced Tirade"