The Criminal Element

Tue, Nov 8, 2011 - 4:26pm

Another day, another Globex raid by the EE.

Longtime readers will recall that Tuesday afternoon, Globex raids are commonplace for The Evil Empire. Once the CFTC completes their weekly CoT survey, the criminals are free to act, knowing that they have a full week to cover any new short position that might establish. We've discussed this many times in the past, beginning with this post from last December. It's not a long note so, please, take the time to read it now. Note that it was also written on a Tuesday:

Frankly, you could see it coming. Right after gold blew through 1800 and silver recaptured 35, the metals began to sell off. Not a sharp selloff, mind you, just continual selling into the close. At the time, you had to wonder why the metals were going down. Well, now we know. The Forces of Darkness obviously tipped off a few of their "friends" that a raid was coming and those with this inside knowledge gladly moved out of the way. How can I make such a claim? Well, look at these charts. First up, here's The Pig from 12:30 to present:

Note that The Pig was relatively stable until 1:47 when it began a 25 basis point drop in the next 8 minutes. Now look at gold and silver over the same time period:

So the dollar pukejob ends at 1:55 and the PMs are attacked at 1:57. Does that make sense? Of course not! All of the WOPRs are programmed to buy PMs after such a decline. Instead, the decline in the POSX leads to metal selling. You're now probably wondering if other "commodities" like crude and copper fell, too. Let's take a look:

What we have is clear PM manipulation event. After the dollar drop, the EE attacked in the hopes of keeping gold below 1800 and silver below 35. They've succeeded, at least for today. At this point, I think we have to beware of more selling overnight and in London. Here are two charts to show you where support should be found:

In the end, all we can hope for is that the eventual enforcement of position limits will force JPM et al to exit the metals markets. If that ever happens, we will finally get to see true price discovery and valuation for the metals. Until then, expect these shenanigans to continue. TF

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Nov 11, 2011 - 5:39am

Things in this economy are

Things in this economy are just not looking good at all. I hope that there will be some positive change in the future but it is really not looking like that is going to be likely at all.

online casino

There will be an online casino game that you will want to wager at very often because every gambler has their favorite, and I simply i love to gamble.

Daedalus Mugged
Nov 9, 2011 - 1:32pm

For What Its Worth

I agree with the poster above who said they like it here, and what it to remain a happy turd bowl full of floaters. The level of flaming doesn't bother me, but it does slow down my ability to sift through to get the (lots of) good information here.

I don't post often, because I don't often think I have anything of value to add. I would suggest (very deliberately non-specific) others perhaps think about whether what they are posting is valuable. In general, if it is adding information, it is probably valuable, at least to some. If it is simply attacking what someone else posted, it is probably best countered by adding more value to your side of the discussion rather than attacking what the person you disagree with added. If you feel it necessary to dispute what someone else added (and it is usually best ignored) please try to do it as delicately as possible. The solution to bad speech is more good speech. If someone is getting on your nerves, for the benefit of the community, please use the ignore feature.

There are probably a few real trolls here. That said, I think most of the fireworks relate to people who all think they are doing the good and right thing, they just have different conceptions of the good and right thing. And that is OK, we don't all have to all agree on that. We all learn from our differences.

When I do look at hat tips to see what the community thinks about a poster, I tend to look at the ratio of hat tips to posts, not the total number. I don't think of it as a major factor either way, but just my thoughts on it. If someone has 20 posts and 700 hat tips, I will pay close attention to what they have to say. I think everyone already has a view of everyone on the 'leaderboard'

Nov 9, 2011 - 1:23pm

Not Being Able To Log On

last night (PST) showed me-as if I needed to be shown-how important this site has become to my feeling of connectedness to the heartbeat of the planet.

Some of the best minds around-and some not so much-offer a world view community gestalt unmatched anywhere else I know of.

As in any family there children, adults, delinquents and whatever else is to be found in an extended family.

Dysfunctional as things might seem at times, between the mods and the ignore option (I don't use it, (well, just once I did) I just walk (scroll) on by) and our own self control (don't reply to a**wholes) this community seems a great representation of society as a whole and is great practice for learning to behave in a social setting.

I mean heck, even I am able to post this BS and get ignored, slammed spammed and damned just like everyone else. Thanks Turd, mods, donators, contributors, takers, hat tippers and whiskey drinkers (how can you stand the stuff LOL).

Bay of Pigs
Nov 9, 2011 - 12:58pm


I missed what happened earlier, but I see the fallout. My response on the troll issue was nuked as well.

I think Shill was one of the best posters I've ever seen around here. The amount of relevent and on topic material he posted was staggering. That took a lot of time and effort to do that. Great sense of humor as well. A good man in my book.

Thank you Shill.

BlackHawkEric Original
Nov 9, 2011 - 12:51pm


+1 ....pailins

Nov 9, 2011 - 12:46pm

Are you sure it wasn't

a rancid can of Yoders though?

  Image cannot be displayed

Just kidding E. It is exactly that. What a waste of prime Town real estate.

Disruption of the Flow is exactly what those with their own agenda seek to achieve. I'd really much rather be discussing miners with you. Just like back in the Good Old days.

Eric Original
Nov 9, 2011 - 12:33pm

Threads like this make me want to puke.

Threads like this make me want to puke.

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Nov 9, 2011 - 12:32pm

silver headed down?

Someone posted yesterday that they suspected silver was about to be manipulated down again. I see it in the charts also. they have tried to push it down through 34.25 three times now. I think they will succeed. A good time to buy physical!

Nov 9, 2011 - 12:13pm

Badass the Website

In my youth my best friend and I were reading "Bloodletters and Badmen". It was rather entertaining. This site is full of interesting stories from history. Near the bottom of the page is a link to the entire list.

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