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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CrawtestdadDoctor J
Sep 9, 2020 - 9:30am

Bioweapon?

"I had noticed a couple of other genetic studies that supported the gene-splicing theory, but could not relocate them as I penned this rant. I apologize if the study I did cite was not peer reviewed. But on the other hand, will any of these academic journal publish the truth about this issue. Academic editors are just as polemic with their decisions as the academics who write. Sometimes truth gets kicked to the curb in academia. I do not mind people keeping me honest."

All I am saying is you have to be careful drawing too many conclusions when you are building everything on a computer model. Personally, I don't think that a man-made aspect of this can be completely ruled out either, but I do think it would take different, stronger evidence. I am afraid the hour has long passed to get into China to get some very important information.

Crawtestdad
Sep 8, 2020 - 3:18pm

Cant satisfy everyone...

I had noticed a couple of other genetic studies that supported the gene-splicing theory, but could not relocate them as I penned this rant. I apologize if the study I did cite was not peer reviewed. But on the other hand, will any of these academic journal publish the truth about this issue. Academic editors are just as polemic with their decisions as the academics who write. Sometimes truth gets kicked to the curb in academia. I do not mind people keeping me honest.

I will hold out "a glimmer" of hope (that's not very much) that Trump improves things. The fact that the globalists hate him so much tells me he is NOT in their pockets. But you are probably right about anything really changing in our favor.

Its possible that if Trump is re-elected, Dems will not accept the election and a constitutional crisis will commence. HRC is already suggesting this. And I really don't see Antifa and BLM saying "Damn, we lost, might as well all go home."

Crawtestdad
Sep 8, 2020 - 12:19pm

Prop or Not?

"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. "

Trump is going to get all the cannibalistic, pedophiles? You really believe that Russian propaganda?

I see Jodi Ernst is the latest one spouting Russian propaganda that there are really on 10,000 US COVID deaths because of the small number of death certificates that have only a single cause of death, rather than the expected chain-of-events structure. IT's mostly older patients with lots of comorbidities, so they would have died soon, and their lives don't matter that much.

However, at least one study suggests an average of 13 years of life lost for men.

https://www.businessinsider.com/study-finds-that-people-who-have-coronav...

We know very young people are not killed as much, though they may suffer a lot of morbidity (potentially over a lifetime in many cases). So, for every 85 year old that dies a year early, there could be a 50 year old that loses a decade of life or more during their peak earning years. Thus, the catastrophic economic losses from Trump's COVID disaster will continue to hurt our economy for years to come.

Trump's incompetence has gutted Iowa, no wonder Joni has to turn to Russian propaganda.

https://www.cnbc.com/2020/09/02/as-small-us-farms-face-crisis-trumps-tra...

Liberoratioarbitrage
Sep 8, 2020 - 12:17pm

Thanks ratio

got it. Nice PM rally going on now. thanks

ratioarbitrageLibero
Sep 8, 2020 - 11:42am

Gobbledygook

@Libero: apologies.

Your para 1: Yes, I am referring to the sudden spike down today, which has interfered with the evolving elliptical shape of the current silver bull market. The downward spike - like downward spikes at the midpoint of other silver bull markets since 1995 - creates a gradient low which will obviously be difficult to exceed. This discourages bears and creates one-sided upward movement.

Your para 2: I use the word "could" because it is difficult to make predictions, particularly about the future. The reason I like today for the gradient low is because the apparent effort (huge 1 minute volume spikes, backwardation) required to achieve it makes it look rather difficult to repeat. Also, the upward reaction initially was impressive: 3% in 40 minutes. That is characteristic of impulse moves that begin a multiday trend.

Your para 3: I refer to a violent upward move, which then persists.

Hopefully that was less opaque, although one can never be certain.

Edited: to add some attributions.

The one minute volume spikes can be seen here:

https://www.barchart.com/futures/quotes/SIZ20/technical-chart?plot=BAR&a...

The 3% pop in 40 minutes is evident from your computer.

My excuse for the word "could" and tentativeness about the future is based on:

"Det er vanskeligt at spaa, især naar det gælder Fremtiden." (now that really is gobbledygook, but that is the first instance of the quotation. Danes: rejoice.

Seen here:

https://quoteinvestigator.com/2013/10/20/no-predict/

Crawtestdad
Sep 8, 2020 - 11:28am

Confirmation bias

"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."

The article you cite is neither published nor peer-reviewed. It's very easy to check that. You are citing a paper that is very highly-reliant on computational models. Skepticism is warranted.

https://arxiv.org/abs/2005.06199

Let's make the assumption though that the study is essentially valid. Look at table 3. The authors find that the SarS-Cov-2 virus binds avidly to human ACE2 proteins. That is of course expected. This particular virus binds more avidly to human proteins. What is so surprising about an animal virus jumping to humans? That is a well-known phenomenon. You can pull some reviews on "viral host switching."

You would expect primates to be the host of the strain of this virus that then can easily make the switch, but that is not always so. The authors mention convergent evolution as one reason the ACE2 protein might be more similar between the 2 relevant species. Keep in mind that this paper is all just a model with binding affinities predicted by computer, not measured.

They also mention a possible recombination event, another known natural phenomenon but dismiss that possibility as unlikely because there was not a known pangolin pandemic. That doesn't strike me as a convincing refutation.

Literally the only thing they say about this virus being potentially man-made is that the recombination event could have happened in a lab, in advertently or consciously. Of course, that is true, but there is no real evidence for this in this paper. Just because the virus has high affinity for human ACE2 protein (what would you expect), does not mean it was created by man. Viruses have been doing that for millions of years. Also, what do you get if you do a recombination (Table 3) of pangolin and bat? If you swap out the red letters for black you get the same as monkey or human. Why would you need to a recombination of these particular species then if you were making a bioweapon? Seems to be a little more complicated than what is presented here.

It is of course possible that the virus was a manufactured bioweapon. Maybe there is better evidence than this. Wuhan's virology research center raises concern, etc. That means that Trump let the Chinese pour into our country despite a nominal ban, and makes his health policy failure even more spectacular. Just like he let Hong Kong fall. Just like we are going to lose the 5G race to the Chinese, and worldwide data security standards to this oppressive regime due to his spectacular incompetence.

Liberoratioarbitrage
Sep 8, 2020 - 10:53am

ratio: it's hard for me to follow your language

you say, "It is early days yet, but this spike has affected the dynamics of the silver bull market. Perhaps that was the intention, but there may be unintended consequences." which I take that the "spike" is the down price in silver that has occurred which is negative.

Then you say "Today, September 8th, could turn out to be the gradient low (not the price low; that was on 12th August)" which I interpret is a positive thing for silver even though you use the word "could".

And finally you say, "The annoying thing for the bears is that the upward reaction from the gradient low - although it has no precedent - tends to be violent and persistent, with few pullbacks or entry points" which I take as silver positive, even though I am confused as to what "violent and persistent" refers to.

Am I reading you correctly?

Chiron
Sep 8, 2020 - 10:26am

Must be close to a relative bottom here

My evidence:

1. The morning price smash was bought and price is rallying

2. I am incredibly pissed off and tired of this "correction". That internal level of angst usually means some sort of a turn is close. Kind of like an old injury that hurts with a change in the weather.

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ratioarbitrage
Sep 8, 2020 - 9:58am

Pattern invalidated

By the spike down:

https://www.tradingview.com/x/d5glNocm/

It is early days yet, but this spike has affected the dynamics of the silver bull market. Perhaps that was the intention, but there may be unintended consequences.

Today, September 8th, could turn out to be the gradient low (not the price low; that was on 12th August). The annoying thing for the bears is that the upward reaction from the gradient low - although it has no precedent - tends to be violent and persistent, with few pullbacks or entry points. Review the period from 26th January 2011; there were no useful pullbacks from 2650 to 3430, which is a long way, particularly when the metal was making 30 year highs.

https://www.tradingview.com/x/VJbAZH9E/

Ben Stackin
Sep 8, 2020 - 9:49am

waiting for CNBC talking heads

to parade out the "This is a healthy correction before the market forges higher on better jobs numbers" and "we were overdue for a correction, in fact I've been calling for one since June" market butt boys.

Miners are the most unloved assets in the freaking universe.

Edit: Oil down $3.... bullish for miners, as if that matters.

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