Fighting The Criminals

258
149
Tue, Jul 19, 2011 - 2:45pm

Let's start with an oldie but a goody. Just a reminder that we've been here several times before:

https://tfmetalsreport.blogspot.com/2010/12/ok-now-im-pissed.html

I hope you were able to check the very important update I posted this morning to the previous blog. If you missed it, here is one of the main points:

"The Evil Empire is trying their hardest to raid today but with copper, crude, stocks and grains all up, they're just not having any success at all. IF everything else can hold onto their gains for another hour or so, the EE will be forced to retreat to another day and the PMS will roll back up toward their overnight highs. Don't get ahead of yourself, however. The Forces of Darkness have accidentally "tipped their hand" this morning with the ineffective raids. This only means they are certain to try again as soon when conditions seem more favorable on their end."

I must admit that I figured they would wait until tomorrow but, of course, conditions are most favorable on The Globex when you have the entire battlefield to yourself. Doesn't matter really. Please understand that this was all coordinated. Obama talks right at 1:30 and the PMs are raided at 1:32, right after the pit closes in New York. This is not coincidence! Trade the PMs long enough and you will learn there are no coincidences. Never forget that these markets are manipulated for a reason.

As stated above, the EE tipped their hand this morning. They didn't anticipate the rallies in copper and crude which made their raids in the early morning futile. So, they just wait around until everyone goes home and they use O'bottom as cover to unload a bunch of metals contracts on the thinly-traded Globex. Same bullshit manipulation, different day.

They've now successfully painted an "Outside Reversal Day" on the daily 24-hour charts, too. This is not as important and significant as having one on the Comex chart but it is certainly a troubling development, nonetheless. From here, we'll need to look for a support level from which a couple of FUBMs can be built.

Silver is back under 39.50 and I have a last of 39.29. It needs to halt the slide here and get back above 39.45...pronto. IF it can, it should be able to rebuild and move back over 40 by later this week. IF not and Blythe is not finished pounding away, it could tumble all the way to 38.25 or so before catching a strong bid.

Gold is much the same. It's taken a beating but it should find stronger and stronger bids the closer it gets to 1580. Only a move down through 1578 and a close below there should give anyone pause to reconsider their longs.

I just want to close by saying "FU to Blythe. FU to JPM. FU to The Bernank. FU to O'bottom. FU to all TPTB". We know your game. You don't frighten us anymore. Your desperation only shows your weakness. You are losing. We are winning. It's only a matter of time.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  258 Comments

StartThePurple
Jul 19, 2011 - 2:51pm

The End Game

We all know what the end game will be. In the meantime, for those of us stacking physical, I don't mind the EE attacks short term - they provide buying opportunities!

flaunt
Jul 19, 2011 - 2:53pm

Excuse to take profits

This may have just been an excuse to take profits after the strong run recently. Fundamentally, a deal on the debt ceiling is positive for gold and silver due to inflationary pressures. No deal on the debt ceiling is also positive since they are also "safe haven" assets. It doesn't make any sense, but then nothing has made much sense lately.

Spoofy
Jul 19, 2011 - 2:54pm

Sickening

It's sickening what goes on in the PM markets.

Bunch of shitbags.

Swift Boat Vet
Jul 19, 2011 - 2:54pm

Right On Brother Turd

I second that emotion!

I SECOND THAT EMOTION THE MIRACLES
Shill
Jul 19, 2011 - 2:54pm

The market

This market has no depth.

Top Investment Bankers, who control the market are playing it either way (UP or DOWN) to make profits for themselves by playing up or down various news that will have an impact on the market price.

All news are generated to help them play the market the way they want the market to move.


It is a dead market with no realfree-market players and no real VALUE to realize!!

Nigel Black
Jul 19, 2011 - 2:56pm

The way I see it, they just

The way I see it, they just gave us an opportunity to buy more PM's and good quality miners at a discount. Unfortunately, when the financial system blows up, the EE's manipulative actions just ensures it will be incredibly messy and painful.

God help us.

metcoalfan
Jul 19, 2011 - 2:59pm

No worries

Periodic culling is healthy for the herd.

This Gangbang of 6 plan is impressive. "Chained CPI" using upper level substitution bias....it almost makes spam look like a T-bone -not that I'm against reigning in the various program it may very well apply to - just impressed that they found such a beautiful name for it. 'A rose by any other name would not smell as sweet'. Likewise, on the revenue side, 'broadening the tax base' while lowering marginal rates and eliminating AMT - I'll take it!!!! - but I still have to snicker at the letters behind those who are praising the plan. And not but last least, kicking all but the token 500 billion 'deposit' of reduced future increases 6 months down the road - bloody brilliant. Well done DC. /sarc off

tmosley
Jul 19, 2011 - 3:00pm

All this manipulation only

All this manipulation only brings us closer to the endgame. Embrace it. BTFD. Physical only. You will be glad you did.

bacala jones
Jul 19, 2011 - 3:03pm

ANOTHER DOSE OF KENTUCY MATH

Video unavailable
Defiler
Jul 19, 2011 - 3:04pm

It really dont matter

Confidential - It really dont matter ( Romeo must die )

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