Screwing The Little Guy

62
Mon, Sep 7, 2020 - 10:00am

The ferocity of recent downward manipulation of metals prices prompts a pause for thought. The manipulators had to take actiona Hail Mary if you will, (No, I cannot use that metaphor to describe bankers out of respect for my Catholic brethren). Yea, it was an act of desperation, willing to risk everything to save their control of “their” markets. They doubled down with shorts and engaged in blatant manipulation to make sure they both regain control and fatten their purse.

The prop desk traders, analysts and programmers that make up the crew of Wall Street monkeys share a portion of the guilt, but the real criminals are their bosses who devise the plots and give the orders to initiate them. “Release the Goldbug-Smash Algo,” they text, looking out the upper windows of their NY offices at the ants walking below. And the machines take over, in the wee hours while we sleep, unable to respond, overwhelming the bid stack, running stops so that when markets re-open, contracts with stop loss orders in place will be sold at even lower prices.

This order to assassinate the metals is often accompanied by recycled articles with headlines of the metal’s demise, declaring their “barbarous” nature, mocking anyone who has recently bought metal to hedge their portfolio. The fast downward turn in price, which the monkeys contrived, becomes the evidence for the bearish tone of the “experts” in their recycled missives. How convenient! Not that real metal investors are fooled, but the general public hangs on every word, as if googling “gold” and reading a “name brand” publication makes them knowledgeable, too.

Then the monkeys pile on even more shorts in a second wave of attack, immediately putting the dip buyers underwater. Investors squeal as the rack tightens, pulling them out of joint, until even more traders sell at a loss as banks begin slowly buying their way out of their underwater contracts, easing the pain of their entire short position.

And when little traders (like this author) have finally had enough, we sell our shares from or retirement portfolio. But even that seemingly unrelated SLV holding translates into a seller on Comex, and another long contract is sold as a Bankster monkey buys back another profitable short.

And their Evil Empire rakes in the cash, regroups, and goes right back to stealing our hard earned wages with their regular “wash, rinse & repeat” algo. Screwing the little guys!

You know, I suspect that at least one member of this blog has worked on Wall Street, a soldier of the cabal, disillusioned, and deserted them to pursue a “cleaner” way of living—as well as warning and helping others. And we gladly offer forgiveness, rejoicing that they have switched sides, like a Pentecostal preacher when a sinner repents. But most of the monkeys are enjoying their dirty prosperity, not fully realizing the pain their obedience to orders is causing. It’s their job. Besides, “Anyone who is investing can afford the losses,” they say... “DYODD,” they say... Hopefully, they will open their eyes and leave the cabal one day.

From Order-follower to Sycophant

Above these employees just “doing their jobs” is a layer of sycophantic lackeys who carry out their master plan, in government, defense, the sciences, education, big business, the medical field, energy, and other powerful venues. They are another kind of animal! They will never leave. They are in too deep. They receive too much money, stolen from the little guys. Initially, these politicians, career government administrators, and business leaders simply profited from their “club” as George Carlin calls it, living in lavish comfort. “It’s a big club, and you’re not in it.” But if you have skills they need, and are willing to step on people to get to the top, they just might invite you in. Their top leaders need talent to keep the machine running. An unexpected promotion falls on some lower level manager who just seems especially ruthless. Invitations to parties follow. Wild nights with sex, drugs and alcohol, complete with hidden cameras. “C’mon over to Jeffrey’s house and lets have some fun!” Young beautiful women and men abound, willing to do anything with you. And, it gets even wilder—even younger, more beautiful women and men, um, girls and boys will be there too. But, these recently promoted lackeys didn’t know, they just didn’t know about those hidden cameras, just in case they think about some whistle-blowing, or ever have second thoughts about their service. They will not leave, and very few talk about it.

The real evil are the “Elites.”

The high level globalist elites are cold and calculating, sociopathic, and believe that their blue-blood is better than "we the people," that we are their possessions, that our hard-earned possessions are really theirs to use as they wish—even our lives.

“Fodder” feed for livestock—coarsely chopped hay or straw; a consumable, often inferior item or resource
that is in demand and abundant.

THAT is what they think of us.

I was appalled to realize that we are all “cannon fodder” to these war-mongering globalist elites. They make money with war while they keep us little people too divided to challenge them. They draft us into the military for their endless wars, and send our children to charge the line of cannon across and open field in battles where the dead are numbered in the tens of thousands. “Send in another regiment!” they callously order from an tent far away. “We must take that hill.” Did you know there were only about 4 years in all of the 17th century where there was complete peace in Europe? No wonder people got out and emigrated to the Americas.

More recently, they ordered our kids to take “hacksaw ridge” or “hamburger hill” and drive armored SUVs around rebellious cities seeking “terrorists.” Gotta send over another boatload of SUVs and keep the blood flowing. A good friend’s oldest son survived two Iraq roadside bombs. He is not the same pleasant kid who I remember chatting with years ago. The elite’s incessant wars touch all of us, one way or another, some worse than others.

My own son was too young for the most recent US atrocious actions, but they have seduced him into playing video war games, online, with other young people around the country, learning the skills to operate drones. My wife bought a drone to take overhead photos of homes she would list as a real estate agent. She and I failed miserably in our attempts to fly that thing. We asked our son to try it. He mastered that toy-camera-weapon, flying circles around us in five minutes.

And back in January a bat bit a pangolin barfed up a new virus! Really? You really expect people to believe that? Well the prestigious New Yorker Magazine expects us to believe it, having published an article suggesting just that--after geneticists published a peer reviewed article demonstrating the "man-made" features of Covid. Somebody is wrong, and if you sniff for the bullshit, that somebody is obvious. Many people see this Covid-19 virus as a bioweapon--a means to crash the economy via oppressive lockdowns just before the next election, so that the incumbent POTUS is defeated.

These globalists have no qualms about sacrificing 834,000 of us "canon fodder" to get the leader THEY want in the USA. "Send another 100K up the hill!"

Most Americans can’t see the powers behind the curtain. Toto will not show up to pull the curtain back. The globalist’s mid-level lackeys are too busy being rich and enjoying life to care where "god's work" is leading us. They believe in “the cause”—but history is how most wars are based on elite lies, distorting the reality of what elitist actions ultimately accomplish.

For these sociopaths, the little people are their's to rape and pillage, take everything of value and use it selfishly. They are in total control, most of the time. "The screwing will continue forever, because we can!" They screw us in business , politics and other venues of life. They believe WE are there to serve their pleasures. And one of those things they take pleasure in is systematically stealing our livelihood through the manipulation of gold and silver prices to keep their fiat money smelling good to the masses. Just yesterday, my ornery sister-in-law educated me saying "You can't eat gold." Brainwashed!

Will the metals manipulation ever end? Will metals ever break out and move up to their real value? Not while these sociopaths still have control. Craig assiduously pointed out a few weeks ago that the Banksters make money consistently by their shorting scheme and have no intention to let price rise, even though JPM has all that silver. If they let it rise, they only make profit once--no rinse & repeat next delivery period.

I have long suspected that the elites do business with one another in gold, and that the value of gold in their world is quite different than in our “barbarous” world. Perhaps they simply measure it in kilos, rather than comparing it to one of many monopoly monies they created for the little guys to use for their economy.

http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart3_24-09-14.png

When Hugo Chavez, the president of Venezuela, demanded delivery of the country’s 90 tons of gold being held in the bank of England, the little guys had gone too far. The price of the metal skyrocket up to over $1900. Chavez was not in their club, and he wanted to do what was best for Venezuelans. That was not to be tolerated. Within months Chavez was dead, then their gold was demand back as collateral to keep the nation solvent (who else but Goldman Sachs to make the deal happen). Finally, the nation was pushed into economic disaster by US sanctions, as the CIA picked out a new “Democratic” leader, Juan Guaido, who is still waiting to take over. Not all globalist plans unfold as they hoped. But Venezuela, once a model economy for South America, lies ravaged today.

Democracy… “You keep using that word. I don’t think it means what you think it means.”

But we little guys are allowed to have a bit of gold. However, its price is closely controlled. They cannot have us getting independent through its ownership. Those that hold some metals must be punished financially, discouraging its widespread demand. New investors must feel the sting of their whip and swear off holding gold. Seems to be the wise and the experienced investors who learn to cost average and hold for the long term. Perhaps a metals investor has to get burned badly once, hold on to the metal through the investment from hell, then watch price recover to fully appreciate the nature of gold and silver.

So far this year, metals have resisted the usual plan. In the meantime, the elites stack gold high in their Central Banks as they manipulate world economies, seeking an ever-expanding sphere of control to bring the entire globe under their purview.

So will it be fiat paper or metal for the long term? For my part, I am holding metal until the fiat value of metal, AND the fiat value of income property are both favorable. Then I will convert part of my metal to property (rental and agriculture) and stop working for someone else. I’d rather have a globalist tax man send me letters and threats demanding fiat, than a militarized swat team arrive with metal detectors and tear my home apart.

I just don’t trust these globalists, and their overthrow may prove quite difficult. Though I have a glimmer of hope, I’m not holding my breath for the current POTUS and Q to root them out and make gold and the world free again. Our stacks will serve us well if we have strong hands and only trade part of it to get out of debt to these Banksters, and use our metal to obtain assets that meets our long-term needs.

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Fat Willie
Sep 8, 2020 - 9:44am

CNBC

S0, I keep CNBC on in the background so I can see the market numbers. I don't have the sound on (can't stand the buffoonery). But without sound, you can literally see the pain on Cramer's face. Its really pretty funny in a sad way. He looks like he is going to cry. He must have been sitting on some AAPL or TSLA calls.

Ben StackinJager06
Sep 8, 2020 - 9:43am

LOL great commercials.... "Real Men of Genius"

Here's to you, Mr. Male Football Cheerleader... etc. Those were F'ing great.

Now, I can only imagine what Bud would do in the Panty-fa era:

Here's to you, Mr Pants on Fire Molotov cocktail throwing guy.....

Some creative person has made a "Here's to you, Mr. Mask wearer in the car guy"...

Here’s to you, Mr. Mask wearer in the car.
Fat Willie
Sep 8, 2020 - 9:42am

Doc J

Great post - insightful and thought provoking. Well done.

4 oz
Sep 8, 2020 - 8:43am

;^)

Ordered a chicken and an egg today from Amazon....will let ya know....

AgstAger
Sep 8, 2020 - 8:27am

Wallbridge news

“...to define the full potential of what is rapidly becoming a very large system with multi-million ounce resource potential,” stated Marz Kord, President and CEO of Wallbridge.”

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/113...

Jager06TF
Sep 8, 2020 - 7:57am

Yes sir

....and I took advantage of that and bought 100 ounces of silver.

Thanks Mr. douchebag banker algo guy!

Anyone else remember the “Real American Hero” Budweiser ads? “We thank you Mr. Douchebag Banker Algo guy.....”

😂

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Ollie
Sep 8, 2020 - 7:47am

Some News

A few articles for this morning. In addition to a No-Deal Brexit, Trump's China bashing electioneering, a day of treasury auctions, serious geopolitical disturbances in the Mediterranean, etc., the most interesting news seems to relate to "shadow contracts" and the COMEX. The Kientz article is popping up everywhere.

GOLD & SILVER MEDIA ATTENTION

Eddie Spence, Silver’s Brilliant Year Validates Longtime Bugs’ Enthusiasm (6 September 2020)
https://www.bloomberg.com/news/articles/2020-09-06/silver-s-brilliant-ye...

COMEX & SHADOW CONTRACTS

Robert Kientz, COMEX’s Gold and Silver Futures Market Trade Data Not Adding Up (7 September 2020)
https://www.fxempire.com/forecasts/article/comexs-gold-and-silver-future...

Alistair MacLeod, King World News, Bullion Banks Increase Gold Short Positions To A Staggering $35.5 Billion (4 September 2020)
https://kingworldnews.com/bullion-banks-gold-short-positions-increases-t...

FEDERAL RESERVE & TARGETED INFLATION

Reuters, Financial Post, Federal Reserve releases materials related to new strategy statement (26 August 2020)
https://financialpost.com/pmn/business-pmn/federal-reserve-releases-mate...

ratioarbitrage
Sep 8, 2020 - 6:26am

Intimate Friends

Who are these two intimate friends, who have been tracking so close together for so many years?

https://www.tradingview.com/x/MrpQQjEE/

One of them is silver. The other one is not a ticker you can select from the sidebar ... it is gold^2 ... the price of gold, squared. Silver has still got some serious catching up to do.

Edit: to add the multiplier ...

100,000.

So broadly:

GOLD: SILVER

1000: 10

1400: 20

2000: 40

2800: 80

4000: 160

Those numbers for silver may seem extreme, but that is the historical behaviour of this pair. Without metal running out, exchanges exploding or any such, just normal trading.

happycamper515
Sep 8, 2020 - 5:46am

Don't look now the Smash Bros

Don't look now the Smash Bros. are back.

ratioarbitrage
Sep 8, 2020 - 4:08am

Update on fractal expansion in SI

https://www.tradingview.com/x/ljl17Raf/

The imitation of the early August pattern is still intact. I had expected the horizontal track to be at $2750 but it has been at $2700. Initially this made the pattern appear invalid, but it does now appear valid.

Metrics:

Height multiplier is 2: $3 in first week of August, $6 since 7 August

Time multiplier is 4: 1 week in early August, 4 weeks since 7 August

Last time this pattern was followed by a $6 upside resolution. I am struggling to imagine a $12 upside resolution without major corrections along the way, so I would be positioning for volatility again after no more than $6-$7 of upside, at the first new handles above $30.

Currently positioned for a rise with little volatility.

EDIT to explain my rationale for even caring about these patterns:

The price is determined by a limited set of parties, including groups of retail traders, algos, manipulators/price managers etc. Although their behaviour varies over time, each of them has a policy or approach. They consequently respond to similar recent history (i.e. patterns on the chart) with similar decisions. Similar, not identical.

That is why I expect to see patterns approximately repeating. It is not voodoo, it is an acceptance that the creativity / variability amongst the main market participants is rather limited.

Once a major discrepancy has emerged, the behaviour of market participants can no longer be relied upon to be similar to the last occasion. A different analogue will then be required and of course at many times in market history there is no analogue at all.

Hence my looking to see whether a repeating pattern continues to be approximately valid.

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Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

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