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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pcsilverseeker
Sep 8, 2020 - 2:49am

Reminds me of a guy I heard

Reminds me of a guy I heard about. He was certain the financial world would crash - he just didn't know if it would be a deflationary or an inflationary crash. So he kept 50% of his assets in PM and 50% in cash. A perfect hedge, and he would win either way.

Marcus
Sep 8, 2020 - 2:26am

Run, Forrest!

Forrest: my name for silver.

AGXIIKBlackwatersailor
Sep 8, 2020 - 1:16am

BWS This is my second listen to this podcast

My confirmation bias heard certain things related to an auditor's recognition of something not being right in the data.

Palisades Radio podcast from another speaker spoke to the shadow trades in the COMEX that are related to this speaker's working hypothesis that most of the real action is behind the scenes, hiding some problems that are immense in nature, telling us the center is not holding. The COMEX is shattered beyond repair, function only as a brain stem send signals to the heart or a derailed train's wheels are still spinning despite having left the tracks 2 miles back. It is not working because the damage is done.

The center not holding includes Scotia Bank's $128 million fine, impending criminal charges, their forced disclosure of other bullion banks criminal actions. TD Bank's refusal to honor the silver certificates was telling me that despite 267 new brands of precious metal cereal boxes on the shelves, they are selling silver plated dust bunnies.

Willie opined that someone had to buy silver to cover physical demand and might have paid $60-70 an ounce to meet demands. That trade was concealed but easily surmised just David Copperfield was unable to pull a silver elephant from behind the curtain when that trick always worked before but still demanded we believe that the elephant was actually there.

Anecdotal evidence is mounting from sources who are looking through cracks in the system and markets. No gold or silver is seen beyond the walls and fences. That shiny was shipped a long time ago, back when no one could possibly imagine that anyone would call for physical. Gentlemen's agreements went by the boards when traders and bankers stopped acting like gentlemen. Everyone is out for themselves, slicing each other for a percentage before the game is over.

That's my thinking and I'm thinking the shit is going to hit the fan before end of year, easily in December and maybe even November. The stock market is going down hard by then too despite feverish attempts to kite the markets and cover the calls for physical when demands are stacking up to the sky.

The AFATMAN Index, FAANG's bigger brother, is going to take much greater hits when the inflection marks noted by vastly superior traders with 50 years of predictive data say we've hit the top of this market. Minimum market crash of 50% with good chance of 65-70% in less than a year. Maybe by first Q 2021.

Trump's levitating the market with his hand up Powell's ass.

Fed Head Pinocchio sings like Andrea Bocelli. Con te Parido. English lyrics keeping it real. Time to say goodby

Sometimes I just hear Bye Bye Miss American Pie.

Excuse me if it seems like my trolley left the tracks a few stations ago. This sort of thing makes me a little crazy.

If you don't hold it you don't own it. With you I set off on ships over seas that I know

Blackwatersailor
Sep 8, 2020 - 12:55am

Thoughts, gents

Something Wicked Is Happening on the COMEX Futures Market

Any ideas gents.

silverseekerzman
Sep 7, 2020 - 11:30pm

Yawn; lots of blather, off the mark...

zman, what point are you trying to make? My Gold and Silver are tasty and delicious; and looking at the menu of options... I can't get enough of either. Financial assets are presently smelly; overpriced, and make me convulse; like you are trying to sell me some lipstick on the pig.

I don't mind riding the waves you seem to want to warn me of; I simply have no appetite for indulgence of the present sickly paradigm puffed full of rancid empty calorie fiats. I'll just keep sewing coins into my garments, the dumb as a rock oaf that I am. I don't trust anything else.

'Omnipotent' wankers behind curtains yanking chains can go fuck themselves; my micro aggression repudiation of their 'money' is the most direct non-violent attack I can make, its presently legal; and I know it pains them greatly... what is more fun than that?

silverseeker
Sep 7, 2020 - 10:36pm

Thank you Doctor J

We don't often discuss 'what comes next' if the commoners actually make push come to shove and collapse the Comex and LBMA paper shell game.
The elite provide an illusion of freedom by allowing PM ownership, hoping that this illusion is sufficient for most of the pleebs most of the time. They monitor PMs with ruthless control knowing how dangerous their renewed performance as money is to their power; as Greenspan summarized in his "Gold and Economic Freedom".

Perpetuating the myth; (with cracked smiles); that the present fiat system still works, is ALL they have left before the ugly atrocities of overt criminal conduct come out in view.... Monkey hammering the Comex while changing the rules to allow any form and refiner bar as 'eligible' is hard evidence we are winning the physical war; while they wage an economic and psychological counter attack. The status quo of the elite has lost its 'cultivate and harvest' bargain with the common man, but as yet the common man is not cognizant of where and to whom exactly their rage need be directed. However; per the physical draining of the exchanges... it is now obvious that the $Trillions in bogus inflation is leaking out of their fiat playpen and into the metals.

Charlie Munger metaphorically and unwittingly referred to those wise folks as 'escaping with Gold sewn into their garments' in an earlier time... Mind your darning fellow stackers!

zman
Sep 7, 2020 - 10:11pm

COT Reports

The last I saw the US Dollar was near an all-time short position by the speculators and all-time long by the commercials. Also, the 30 year bond was already at an all-time short by the speculators and at an all-time long by the commercials. And gold is also very short by the commercials. What does this tell us?

1. The US Dollar is close to a bottom and a historic rally to the upside is very likely to occur in the next few months.

2. The 30 year bond which trades at 1.46% today is very likely to trade under .50% in the 6 months ahead.

3. Gold, oil and Bitcoin are very likely to trade lower due to the obvious deflationary wave that's coming into the global economy. Oil and Bitcoin are already starting to show the signs.

The "printing money" is inflationary thesis is about to bit the dust again. The Fed buying corporate, mortgage, T-bonds and sending money supply into a spike on the charts has no real bearing on the real economy, we're about to learn that lesson one more time.

Sorry, but $1200 'stimulus' checks and a little extra in the unemployment check isn't flooding the economy with dollars when it's in the hands of indebted peasants.

4 ozAGAU
Sep 7, 2020 - 9:50pm

RE: Hummm!

Well AGAU....tell Jordan for me: "Don't look now.....but here comes SILVER!"

AGAU
Sep 7, 2020 - 9:38pm

Hmmm!

ex Jordan @Daily gold


"The biggest takeaway right now is the correction in the precious metals sector should continue. I see little chance of a leg higher. Tomorrow will mark day 23 of the correction in GDX. The 2008-2009 analog shows the next leg higher began on day 43. I continue to look for GDX $37 and GDXJ $51 as potential bottom targets. Generally speaking, there is about 10% downside in the miners. The ideal buy point could come over the weeks ahead, and perhaps after Gold breaks below $1920.

Turning to the metals, Gold is at risk of a short-term technical breakdown. A close below $1920 could trigger a move down to the low $1800s. Gold closed Friday at $1934. Silver, which closed at $26.71 is outperforming Gold due to rising inflation expectations. But should Gold crack, Silver would come down to at least $23-$24. Both Gold & Silver have net spec positions that are somewhat elevated which means there is “fuel” to push the metals lower."

CC Horses
Sep 7, 2020 - 9:16pm

Thank You Dr. J

I enjoyed the post immensely.

Mavens when I saw the video was 18 minutes long I thought I would be bored. But it was thrilling to watch. Thanks for sharing.

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