The Criminal Element, Part Deux

Wed, Nov 9, 2011 - 6:24pm

Look, I know that the stock market was down 400 points today. Maybe this can be written off as simple coincidence. As you know, though, I don't believe in coincidences when it comes to the PMs.

Last night, I wrote in some detail again about the outright manipulation seen on the afterhours Globex. The pantywaste, sissy Cartel likes to attack when no one is around. In the past, I've compared them to the movie bad guy who shoots our hero in the back as soon as he turns and walks away. That's still a pretty good analogy. During regular Comex hours, gold held in quite well. It had been repelled at 1800 but it was still hovering around 1790. Not too shabby considering the rally in the dollar and drop in stocks. Then, just 20 minutes after the Comex closed, the cowardly Cartel attacks on the Globex, where volume is about 10% of what it was during regular hours. The result, a steep drop in price. Most brazenly, The Forces of Darkness had the audacity to attack at the exact same time as yesterday. Here, see for yourself:

Oh well, screw 'em. Whaddayagonnado. Their job is to manipulate and manage the inevitable, grinding ascent of gold. They will continue to win small battles here and there but they will lose the war. Their days are numbered. Until then, I'll just keep on stacking and fart in their general direction.

I Fart In Your General Direction!

(Hey, Blythe. Your mother was a hamster and your father smelt of elderberries!)

On the bright side, the support levels I gave you earlier have held up far. Gold is finding support near 1770 and silver looks stout at 34. See the previous thread for the charts.

Back to MFing Global for a minute. If you haven't read this yet, please do so now:

Now that you're thoroughly pissed off, read this, too:

For good measure, let me give you this one:

And, just for fun:

These corrupt MFers deserve every bit of punishment that is coming to them. Sadly, I doubt they'll receive any. Corzine it way too well connected to be indicted. The proverbial shitball will simply roll downhill until some lowly clerk gets buried in it. That person will be perp-walked and the media will move onto the next big story. Cynical, I suppose. Likely, yes.

I'll be out most of the day again tomorrow so this will probably be your open thread throughout the day. I'll be posting comments from time to time so check those pages if you're looking for my current thoughts on what promises to be another crazy day. TF

About the Author

turd [at] tfmetalsreport [dot] com ()


Nov 9, 2011 - 6:28pm

Where is Everyone?

Hi Turd! Go Nebraska.

Nov 9, 2011 - 6:33pm


rofl! you gotta give it a shot...but nothing is without risk :)

Nov 9, 2011 - 6:37pm

Cheers to you...

Turd! Enjoy your day tomorrow.

Nov 9, 2011 - 6:44pm

I'm Getting Angry!

This is redickulus! I can't believe that we are so corrupt in this country as to let the guys walk after ripping so many people off!

Where are all the hungry lawyers, if there are no prosecutors willing to investigate? It seems impossible that these guys could buy off everyone's lawyers and not attract attention from the financial world.

There have to be some honest people left in the financial community that will call for heads to roll, here.

Or, have they cleaned out their own accounts, and bought physical, instead?

Nov 9, 2011 - 6:45pm

Read This I think this is the starting of things to come !!!

If this cathches there is no stopping what may happen !!! There always has to be a first and last !!!


Nov 9, 2011 - 7:00pm

Silver Thoughts

As a quick word of encouragement I was playing around last night with the silver charts and looking at a weekly I noticed a couple of things. First, there is a giant doji the last week of April when silver peaked, and thus the doji did correctly portend the reversal of silver pricing. In addition, there was another doji the week of Sept. 25 when silver bottomed out at 26, and so far that doji "predicted" the reversal as well. Let's hope the doji on the bottom really does hold, and perhaps since it is on a weekly chart, it will, more than likely. Secondly, the correction way back in Jan. took silver back down to 26.37, and the most recent crash took it (as I just mentioned) to 26.05. This looks like a double bottom on a weekly chart. Let's hope so. I'd like to think I was wrong when I predicted a few weeks ago that we would see 26 again before we would we hit 40. But this Italy thing looks like it might become an epidemic. Silver and gold held in there well today even though the market tanked, but silver and gold always hang in there the first day, and then they start to tank along with everything else on the second day of a major correction. If they can hang in there for a few more days even if the market tanks then maybe we'll be in business. We'll see what tomorrow brings. In short, on a longer term perspective and disregarding the daily noise, when one just looks at the weekly chart and nothing else, I think there is some reason for hope. But really, we need to get past the Max-Q (of 35 and change) before I get too optimistic. Take care everyone.

Nov 9, 2011 - 7:00pm
Nov 9, 2011 - 7:01pm

MF Global's fall may pale in comparison

MF Global's fall may pale in comparison to what's to come if/when Goldman Sachs and Morgan Stanley fall off the cliff from Italian debt exposure.

Nov 9, 2011 - 7:06pm

I'm so angry, I could spit bullets...

They stole the METAL that I took delivery of SPECIFICALLY to avoid bullshit like this.

There isn't a single paper account that is safe. THIS INCIDENT proves that clearly.

Thanks for reading. I don't vent often.

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