Manipulation of the gold and silver markets

4 posts / 0 new
Last post
bensgone
bensgone's picture
Offline
Joined: 06/14/2011
Posts: 294
Manipulation of the gold and silver markets

In an earlier RANT, I gave statistics showing how, in the first quarter of 2011, the HUI gold miners index experienced an intraday decline of, on average, more than 3% on MORE THAN HALF OF ALL TRADING DAYS, despite the fact that, during that period of time, gold was UP 8% and silver 22%. 1. Cartel “Plan A”, which is to slam the gold price in the thinnest time of the global trading period, usually centered around 3 AM EST. 1 AM MST gold prices tended to fall sharply at 3 AM EST an inordinate amount of times. 2. THE NY PREMARKET GOLD/SILVER FADE (7:00 AM – 8:20 AM EST) so it’s 5:00 AM to 6:20 AM MST At 6 AM EST (which also coincides with the closing of Hong Kong trading), it was one of gold’s better premarket days, attempting to actually rise a buck or two before abruptly changing course at around 7 AM and then, of course, falling further when the COMEX opened at 8:20 (see below). A recently created Cartel algorithm (as in, roughly six months ago) in which the price of gold at this time of day is tightly controlled by further manipulations in the price of WTI Crude Oil. Essentially EVERY DAY, the WTI oil price will have some kind of sharp tumble, ranging anywhere from $0.50/bbl to $1.00+/bbl. It doesn’t matter if the price is up sharply or down sharply to start with, or if there is any kind of “news” to account for it; irrespective, there is ALWAYS some type of WTI oil price correction, and when it occurs, the gold price ALWAYS falls sharply, nearly ALWAYS by a higher percentage than oil itself. Moreover, often the WTI drop is NOT mirrored by Brent Crude, making this manipulation that much more obvious. And furthermore, that sharp WTI oil price drop is nearly always followed by a recovery, often to a higher level than when the correction started, but I would wager that 90% of the time the gold price does not similarly recover. 3. THE NY COMEX OPEN GOLD/SILVER SLAM (8:20 AM EST) - Of all the Cartel felonies in the PM market, this is the most obvious to even the casual investor. The New York COMEX, known to many as the CRIMEX, opens dutifully at 8:20 AM EST with its primary mission of suppressing the prices of PAPER gold and silver. This timing works out wonderfully for the Cartel, as they have 70 minutes to work over gold and silver prices with naked shorting of futures contracts before the NYSE opens. On 95%+ of days, the opening smash of PAPER gold and silver has the duel effect of dampening sentiment toward PM mining stocks, particularly because the opening hour of trading (often referred to as “amateur hour”) is when the largest percentage of stock trading typically occurs. The AM Fix, in which PHYSICAL pricing is executed in London, occurs at 5:30 AM EST, in other words BEFORE the NY COMEX opens, while the PM fix occurs at 10:00 AM EST, after the COMEX has been open for 1 hour and 40 minutes. Gold was up 24% in 2010, more than essentially any asset class on earth (except silver, which was up a whopping 61%), yet the PM fix NEVER was 2% higher than the AM fix, and was only more than 1% higher on TWO TRADING DAYS all year????? Again, what this means is that in the first hour and 40 minutes of COMEX trading, from 8:20 AM to 10:00 AM EST,6:20 AM MST TO 8:00 AM MST which as I noted above is when the highest proportion of trading occurs, the BEST PERFORMING ASSET CLASS on earth only traded more than 1% higher on TWO OCCASIONS all year! The Cartel (and piggyback traders) have recently started to front run the COMEX open by shorting GLD and SLV at 8:00-8:20 am EST, 6:00-6:20 AM MST, so often the weakness starts just before the open at 8:20 am. The most important U.S. economic releases (or fudged versions thereof) are released at 8:30 am EST,6:30 AM MST just ten minutes after the COMEX open. Thus, the opening PM smash typically sets the tone going into those releases, most importantly the employment report, PPI, CPI, and jobless claims numbers. 4. THE LONDON P.M. FIX GOLD/SILVER SMASH (10:00 AM EST) – As noted above, the conclusion of global PHYSICAL trading of gold and silver occurs at 10:00 EST, when the London PM fix occurs. At this point, all that’s left trading worldwide is the CRIMEX futures market and the equally criminal GLD and SLV ETF’s. In other words, it is the time when the cats go away, so the mice play, and I would bet the price of gold declines at or around this time (give or take a few minutes) on roughly 75% of ALL trading days. a lesser Cartel trick of attacking gold late in afternoons before weekends and holidays (great for demoralization), the gold price was suppressed the entire way up, with three of the four Cartel tricks noted above working as a charm up until the PM fix at 10:00 AM EST. 5. THE NEVER- FAILING 12:00 PM EST, 10:00 AM MST END OF DAY CAPPING – This is one of the most damaging of all the Cartel tricks, but doesn’t get as much attention in because it usual is a CAP, rather than the SMASHES that are more regular at 3:00 AM EST, 8:20 AM EST, 6:20 AM MST, and 10:00 AM EST, 8:00 AM MST. But it is extremely integral to the Cartel strategy of never allowing material gains in the PM sector, particularly late in the day because that might engender late edition media attention and, more importantly, follow-up buying in Asia. Events to smash the gold price: 1. The unemployment report (their all-time favorite gold smash time) 2. sometimes it’s an “economic event” such as a G-7 meeting 3. A monthly Fed interest rate decision (their second favorite gold smash time) 4. A speech by Bernanke, Obama, or essentially anyone from the Fed, a rate decision by the ECB or the BOE, or, if bonds happen to be weak (not allowed anymore due to accelerated QE), a rigged T-Bond auction. Some of the biggest gold/silver hits have been reserved for the day or two (or even hour or two) before Fed meetings are concluded7. GOLD or SILVER or PM STOCKS – Yes, I know, the title of this trick is a bit ambiguous, but after such a long missive I need to keep readers’ mind’s sharp. What this trick entails is making sure that we NEVER see gold, silver, AND the PM stocks all act well SIMULTANEOUSLY. In other words, if one of the three is acting “too well”, perhaps due to particularly strong demand flows that day, they just double their efforts to make sure at least one of the other two does not. 8. PM Mining Stock ALGORITMS or better put “GOVERNMENT COMPUTERS” HFT trading now accounts for roughly 75% of ALL NYSE trading, and if you took it away you’d see multi-year lows in trading volume. Goldman Sachs, otherwise known as “Government Sachs” due to its widespread and blatant infiltration of the Federal Government, now represents MORE THAN HALF of all HFT trading 9. Attacking gold, silver, and PM mining stocks before EACH AND EVERY COMEX options expiry day 10. Fraudulent COMEX and U.S. Treasury accounting for gold and silver reserves and leases 11. Anti- gold/silver propaganda perpetrated by the media. Solicitation of PM industry insiders to spew lies, such as Jon Nadler of Kitco, Phillip Klapwijk of GFMX, and Jeffrey Christian of the CPM Group. 12. Raising margin requirements on options Ranting Andy: Cartel Secrets Revealed http://babybulltwits.wordpress.com/2011/05/31/ranting-andy-cartel-secrets-revealed/

Edited by admin on 11/08/2014 - 06:27
bensgone
bensgone's picture
Offline
Joined: 06/14/2011
Posts: 294
Heirarchy of Manipulation

Without the dollar as the worlds reserve currency, and it being required in order for any nation to buy oil, the global elites would not have the unprecedented control over the world that they now enjoy. That coupled with the fact that all other currencies are a subset of the dollar, and are all fiat just like the dollar, giving them even more control as never before achieved by the international bankers and powers that be. The very pinnacle of this power structure are the European royalty and black nobility, the Rothschild banking dynasty of Europe in control there over 250 years, and the Rockefeller family dynasty that has controlled the U. S. for over a hundred years.

If you wish to understand the very core of the EE, this is where you must begin. These are the names and faces who, through this global monetary system, control every government on the planet. If you wonder who ultimately gives the orders to the Fed chairsatan, to the president of the U. S., and who decides what wars will be fought and where, this is where you look.

The primary vehicles through which they work their control are the big big master banks such as JP Morgan, Goldman Sachs, and the Bank of England. These banks are the owners and controllers of the Fed, the IMF, the BIS, and the World bank as the master central banks. All the rest, both large and small bow, this this pinnacle of power.

If you wonder why the CFTC and FTC never enforce against these giants, this is why. Remember they literally own your government. If you wonder why the EE seems never to lose control over the short term price of gold and silver, just once ponder the awesome power weighing against the rise in the price of PM's. Consider for a moment what it is going to take to defeat this leviathan international control and power. It is truly awesome and formidable beyond the average person comprehension. The New World Order is here and now and they manipulate every market on the planet as central planners that make the Communist in the past such as Stalin and Mao Tse dung seem like boy scouts.

bensgone
bensgone's picture
Offline
Joined: 06/14/2011
Posts: 294
Amazing power and persistence of the EE

I am always amazed, considering the fundamentals, at the incredible power of the EE. They never seem to run out of ammunition to attack the PM's. Daily they control the price with absolute precision. Rarely do they seem to lose control, although we are told by many they are close. It's like there is this huge weight on the PM's which keeps it from achieving its true potential. Like a millstone around it's neck. I am so sick of watching the PM's rise until we see crap such as is occurring as we speak. We are in the weakest time of year and right on schedule they attack with impunity. Just as my chart above indicates, true to form,, twice they attack once in the thinnest trading hours of 3 am EST and now again at the daily capping starting at noon into the Comex close. Totally disgusting. Watch the volume increase disproportionately during these attacks. This is their signature every time.

Gold Nugget
Gold Nugget's picture
Offline
Joined: 06/15/2011
Hat Tips: 434
Posts: 243
I do not want to own gold and

I do not want to own gold and silver and have them knock me down almost every day. 

__________________

‘Nine times out of ten when I see an attractive woman walking down the street, I turn and take another look. Ten times out of ten she does not turn around to check me out.’

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Topic locked
Syndicate contentComments for "Manipulation of the gold and silver markets"