The New Normal

Unable to take it anymore, Turd lobs out a rare, Sunday night post.

The new normal: Carpet-bomb the metals anytime volume is light, regardless of conditions in other markets.

After a positive open across the board for "risk assets", only gold and silver have turned sharply lower while stocks, crude and the euro have each held their gains. This new normal was mentioned by Chris Martenson, in his latest, which was released this weekend:

http://www.peakprosperity.com/blog/80251/qe-4-folks-aint-normal

As it pertains to gold, Chris says this about the action last Thursday evening:"Gold was mysteriously sold in the thinly-traded overnight markets and again right after the announcement in large, rapid HFT blocks that swamped the bids." We're clearly seeing this behavior again tonight.

I have no idea what the rest of overnight trading holds and, frankly, it doesn't matter. At least not as it pertains to this post. What is clear is that The Gold Cartel no longer cares about appearances. They simply sell and manipulate whenever and wherever it is the most advantageous for them. 

Paper trader beware.

Physical buyer rejoice and keep stacking.

TF

191 Comments

2x2's picture

no way!

no way!

Evening all. Well, I don't know what to say. I never expected this.  I guess I'd like to thank my parents....

First post is some consolation for all the red numbers I'm sweating on. But on a serious note, I might as well throw something out that I read just last night. The source is a little out there, but I figure I'm not alone here in frequenting some left-of-centre sites. The content of the story is quite interesting all around, and the following passage really got me thinking (or more accurately, worrying) about prices and how long any manipulation may continue:

"- I'd like to ask about the meeting of January '80.

That was more or less a congratulations, with everybody shaking everybody else's hands. That was a celebration, because they'd just sold out their interest with gold price based at 800 and something an ounce.

- Had they also sold Rustenberg?

Everything was sold off. They'd cleared their position. _ Not long before that. I think January was when it hit its peak. Actually, in February was when it went ffffffftt. [indicates straight down]. It hit a high of 852 on the Hong Kong exchange. I think there was some talk of 875, but to my knowledge, it only hit 852.

- They sold at 850, or before that?

From what I gathered, around eight and a quarter. Everything was very quiet - just a big celebration. He wanted to thank me for all I'd done, and I wanted to thank him for all he had done. That kind of profit - you can buy things at 175 - I think the top price they paid for gold was $389, and I had done that myself. I was the foolish one, because a week after the Iranian crisis started I said, "I think I'll hedge a little bit." So instead of buying it directly - I'd buy some directly , actual bullion held in the precious metal account, but on the commodity market, being able to buy much more with little. They hadn't instituted controls at that time. All the playing around that had been done - the Hunts, with the silver, and the gold market being manipulated - the margin was hardly anything. For -

oh, use a figure - for $10,000 invested you could control maybe a million or more dollars in gold. Virtually like owning a million dollars in gold. When it went up, let's say a contract would be at that time 10,000 ounces, I believe was the contracts we were dealing with, if the gold went up, $30-$40 a day, that's $30-$40 an ounce. You're holding a triple contract - each contract is worth 10,000 ounces. so it was worth doing that at $389, even though I didn't buy it, the gold itself."

http://educate-yourself.org/cn/naziinternational1981.shtml

The story is about how certain European interests (ie. those quite active in 30s/40s Germany) maintained power well past WWII. Interesting for those with open minds, but perhaps a topic best taken to the forums.

Anyway... here goes....

FIRST!

Turd Ferguson's picture

Ridiculous

MODERATOR

Of course, news like this is fundamentally BAD for the metals so they MUST BE SOLD. <sarc>

http://thehill.com/blogs/on-the-money/budget/273145-report-boehner-offers-to-take-debt-limit-off-the-table-in-talks

Absolutely ridiculous.

MrGuboci's picture

2nd :-)

Best of luck to all paper trading Turdities . We will need it .

Turd Ferguson's picture

Even more AUSTERITY news...NOT!!!

MODERATOR

Yes, the U.S. is so fiscally sound and responsible. SELL, MORTIMER, SELL!!!

http://www.nypost.com/p/news/national/little_help_here_1kW6aQ8fElj4CKwbheEV0N

Turd Ferguson's picture

And now...WE ARE ALL NEXT!!

MODERATOR

Clearly, anyone thinking for themselves and fearing/preparing for societal strife is, in fact, THE REAL DANGER TO SOCIETY!

We're next, boys and girls. We independent thinkers are soon to be demonized.

http://www.dailymail.co.uk/news/article-2249185/Connecticut-school-shooting-Did-paranoid-gun-crazed-mother-trigger-Adam-Lanzas-school-killing-spree-Friends-say-believed-world-edge-collapse.html

jjissel's picture

australian miners getting killed

Ausie miners getting killed overnight. Prelude to a bad day ahead.

hammerman's picture

god bless you turd...

lead on... without fear ...  as alawys...  your the utmost warrior...   and we follow ... bravely..

BIGNASTY's picture

Least Provident was open for

Least Provident was open for me to take a little more metal out of the market! Guess I need to be careful someone might label me a nutter or better yet one of those prepper types!

Pining 4 the Fjords's picture

Here it comes, folks

Laying the groundwork on national TV, conveniently televised live by all national networks breaking into regularly scheduled shows...   Our President is quoting scripture and 'choking up' , all but dragging the dead corpses of children onstage and parading them around.  Tragedy and death as shameless theater backdrop for new policy roll-out.

Executive Orders and legislation on the way.  New normal, indeed.

Patrancus's picture

Here come the blue shirts

Hitler had his brown shirts, and Malcolm Jr will have his blue shirts, in every public school in America. 

http://fellowshipofminds.wordpress.com/2012/10/20/obamas-blue-shirts-homeland-security-graduates-1st-class-of-fema-youth-corps/

Roark's picture

Red Sky

Hmmm...  Red sky tonight at dusk.  Always bad for metals. (Just go with it. The MSM loves ANY connection like this. hehehehe).

S Roche's picture

Hedge Funds

A lot of them will be taking a beating on AAPL and selling their winners to dress up the end of year, ie GLD & SLV or Comex GC etc

Lots of rumors of SAC unwinding positions due to redemptions due to SEC interest, can't find their 13F but presume they had a winning PM position to liquidate and are being front run;

Window dressing into end of year generally, and a lot of hedge fund talk that gold (paper) is over-bought...whatever;

Silver has bounced pretty strongly off the 100dma at 32.15....personally am short term bearish (paper);

Traders keep biting your fingernails and Stackers relax and enjoy the holidays.

¤'s picture

Boston Tea Party 12-16-1773

Boston Tea Party December 16, 1773

http://en.wikipedia.org/wiki/Boston_Tea_Party

File:Boston Tea Party Currier colored.jpg

¤'s picture

Red Skies by The Fixx

The Watchman's picture

Think The MSM Will Report This?

evacuateaddshootingaddcaregiver'addothers'add

Clackamas man, armed, confronts mall shooter

by Mike Benner

Bio | Email | Follow: @

kgw.com

Posted on December 14, 2012 at 10:15 PM

Updated yesterday at 10:32 AM

PORTLAND -- Nick Meli is emotionally drained. The 22-year-old was at Clackamas Town Center with a friend and her baby when a masked man opened fire.

"I heard three shots and turned and looked at Casey and said, 'are you serious?,'" he said.

The friend and baby hit the floor. Meli, who has a concealed carry permit, positioned himself behind a pillar.

"He was working on his rifle," said Meli. "He kept pulling the charging handle and hitting the side."

The break in gunfire allowed Meli to pull out his own gun, but he never took his eyes off the shooter.

"As I was going down to pull, I saw someone in the back of the Charlotte move, and I knew if I fired and missed, I could hit them," he said.

Meli took cover inside a nearby store. He never pulled the trigger. He stands by that decision.

"I'm not beating myself up cause I didn't shoot him," said Meli. "I know after he saw me, I think the last shot he fired was the one he used on himself."

The gunman was dead, but not before taking two innocent lives with him and taking the innocence of everyone else.

"I don't ever want to see anyone that way ever," said Meli. "It just bothers me."

Mr. Fix's picture

I was reading the article in the Daily Mail,

Turd, 

While you were posting your own thread on it.

I agree, it's starting to look like preppers are going to be society's new bogeyman.

Always been somewhat of an outcast that marches to his own beat,

but this is the first time in my life I have been demonized as a threat to society.

I wonder if I should take this personally? 

( My daughter says no. )

Monedas's picture

Fire in the hole !

Ex-wife #2 just lobbed me a hand grenade to fall on .... she just passed 300 trounces Ag .... that's putting the fire back in my belly !  Silver Medal of Valour !  Congratulations, Sh*r#n !       Monedas      1929       Comedy Jihad It Took Her 30 Years To Get The "Obey Thy Husband" Thing Right World Tour    devil

¤'s picture

And here you go...

old tradesman's picture

kyle bass on japan

opticsguy's picture

Blue Shirts

a friggin Praetorian guard, like the ones that got Caligula into power.   Dooooomed!

rl999's picture

TF

Don't hold back, tell us how you really feel.

Patrancus's picture

A windfall

A windfall of the fecal cliff that few are spewing about, the Bush era Tax Cuts.  We were told then by the progressive pukes and their media hacks, that these were the tax cuts for the rich. Now they are telling us these are middle class tax payers who are going to get f when we go over the cliff. What the f is it you progressive pukes? Bush era Tax Cuts were across the board, and the truth is many folks got clean off the tax roles, not to pay a nickel of Federal Tax since. Well over the fecal cliff we go and guess what? shazamm! millions more American's will go back on the tax roles having to again pay some tribute of their income over to the gooberment, now thats a windfall worth mentioning in a time when the pukes keep yapping about paying a fair share, fair enough for me anyways, pay up or shut the f up. 

TexasStacker's picture

Credit to turd

I give Turd and this board a lot of credit to allow us to have discussions not totally germane to metals.  The board has been civil and Turd has shown good patience.  This is one of my favorite spots on the web.

jezfry's picture

Turdometer

If the Turd can't take it any more - the markets probably about to turn...

rocoach's picture

I like the cut of his jib

From Martin Armstrong's blog http://armstrongeconomics.com/armstrong_economics_blog/

Gold does not Correlate to Inflation

Perhaps the biggest lie or sales-pitch has been that gold is the hedge against inflation. The correlation between gold and inflation year over year is less than 0.5 and that goes back even when the CPI was real. On a month over month basis, the correlation is less than 0.15. Gold has never been some magical great hedge against inflation. It is solely the hedge against government and there is a significant difference. Gold is an insurance policy – not an investment when bought in physical form and kept near your socks. This is why people then have to create conspiracies to explain why they are dead wrong.

Under a gold standard, gold rises during DEFLATION and falls with INFLATION. When gold is a free market, the opposite trend emerges. This is about survival and making money. So stop the bullshit. It is what it is. What is the problem with that? We are simply in a period of economic collapse and that is when gold shines as INSURANCE.

Gramp's picture

Our Handlers

have done such a fine job with the Budget, why of course they will make everything 'All Better' in regards to gun Laws!

rl999's picture

Silver manipulation

We always assume that someone is manipulating it lower, and China has been suggested as the culprit.

Could China manipulate it lower for the purpose of causing more metal to be withdrawn from the system, stacked as it were by those in the know?

Mr. Fix's picture

Turd's post says:

"The new normal: Carpet-bomb the metals anytime volume is light, regardless of conditions in other markets."

Correctly if I'm wrong, but doesn't that kind of negate anything that a chart might be able to tell you?

I've been saying all along, that it is highly unlikely the paper price of gold and silver will be driven down to near zero in the process of collapse.

I have also said that it appears to be timed to coincide with the so-called “fiscal cliff”.

As a stacker, I find no genuine delight in this, however I do have some gratitude that at least I am not in paper.

The paper price of silver and gold may never recover in the current system.

All the signs are starting to converge that show that a collapse is imminent.

And Obama just as much said  that they are coming for our guns.

Preparing for such a scenario, as I have, may also turn me into an  outlaw.

Yep, these are interesting times we live in. 

rl999's picture

lmao

This is what the big brains in the comment sections at nbc think:

Pigotry

Ok - Many people and even some conservatives agree that some new common-sense gun laws should be put in place to protect people's lives and at the same time preserve people's 2nd amendment right.

.

I have a tentative recommendation about sensible gun regulation. If big brother can track everyone's cell phone and know your whereabouts, why can't pig brother also insert some computer chips in every gun, especially powerful weapons, so government would be able to track their movements down and pay more attention when such weapons approach ...not hunting grounds...but schools, government building, churches, etc. Then take appropriate precautions. Gun owners got to keep their right to own guns, but precautions are in place to protect innocent people.

.

I don't know. Just food for thought.

 
  • 1 vote

#1.4 - Sun Dec 16, 2012 9:34 PM EST

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