Serious EE Attack Today?

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July 11, 2011 - 9:02am
#1
DrkPurpleHaze
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Serious EE Attack Today?

It's pretty obvious at this moment this a.m. that the markets are starting to unravel all over the globe.

If the EE or whomever does not turn back the tide today given all the news that is coming out and what's lying ahead (U.S. debt ceiling) then I think they will have lost the skirmish line and were headed to that next level in the PM prices.

I see today and this week as make it or break for the EE in the medium term.

All of the major U.S. market movers have to be seriously considering what took place in Italy last night with the forced naked short covering.  We might just see a run for the hills mentality on the EE side at some point soon but not before a serious attack. There is no way they are going to let the prices run up with interference by them.

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July 11, 2011 - 9:05am
#2
DrkPurpleHaze
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There is no way they are

There is no way they are going to let the prices run up with "no" interference by them.

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July 11, 2011 - 9:15am Response to: There is no way they are
#3
pailin
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EE long metals?

Unless they've already flipped to long? Sounds crazy I know, but that's the value of a beatdown for them, to cover shorts and flip to long. That may have been what happened pre-4th July. There's no way the NFP number was a big secret to EE, so they would have positioned themselves accordingly, right?

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July 11, 2011 - 9:18am Response to: EE long metals?
#4
cris
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Not necessarily long...

But I believe the EE is/will be positioned very well (purely coincidentally of course) to profit off options and other leveraged plays on a big spike up and serious volatility.

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July 11, 2011 - 9:25am
#5
tmosley
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If they let the metals run,

If they let the metals run, they will extend the life of the COMEX.  If they continue to suppress them, they shorten the life of the COMEX.  Nothing more, nothing less.  

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July 11, 2011 - 9:28am
#6
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Does Syria count as

Does Syria count as EE?

they have invaded the US embassy in Syria

Edit: French embassy invaded too

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July 11, 2011 - 9:30am
#7
DrkPurpleHaze
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Your so right

I also believe they are on every side of every major market turnaround. They get it coming and going, and then thye get to give their opinion in the MSM about the exact opposite of their real intentions or valuations to get the herd moving the other way.

What a racket.

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B. Bernanke: "QE is necessary....the benefits outweigh the costs." Jackson Hole ~ 8/31/12
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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July 11, 2011 - 9:36am Response to: Does Syria count as
#8
DrkPurpleHaze
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Where did you read that?

Wow, no shit? Where did you see that?

I'm about to surf and try myself. Thanks for the info.

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B. Bernanke: "QE is necessary....the benefits outweigh the costs." Jackson Hole ~ 8/31/12
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July 11, 2011 - 9:38am
#9
zilverreiger
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false flag?lets see what the

false flag?

lets see what the usa can do against a real army (UN wont fly because of russian and chinese veto)

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July 11, 2011 - 9:47am Response to: If they let the metals run,
#10
Tom L
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tmosley wrote: If they let

tmosley wrote:

If they let the metals run, they will extend the life of the COMEX.  If they continue to suppress them, they shorten the life of the COMEX.  Nothing more, nothing less.  

With competition moving into the futures exchange market I'd have to agree with you.  It's only natural that there will be a demand for an exchange that is not completely crooked like the CRIMEX.  But, I think that everyone involved, including China, wants the Comex to continue for as long as possible.  It's in their best interest to do so.  Once it outlives its usefulness to them they will (have?) support a different price discovery system.  That will happen once they believe they have all the gold they'll need.

Ta,

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July 11, 2011 - 9:49am
#11
Tom L
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Capping Action Right Now

9:48 and gold has been trading exactly like it did on Friday... ~ 1% up and the frozen in place.  No other market in the world trades like this.  If it busts through $1553-55 soon, it's going to begin the wild ride.

*gets out the popcorn*

Ta,

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July 11, 2011 - 10:59am
#12
zilverreiger
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and there it is... TIMBERRR,

and there it is... TIMBERRR, BULLSHIT

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July 11, 2011 - 12:44pm
#13
HappyNow
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Good question at the right time

DPH I hope you were able to profit from your critical thinking.

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