Profanity-Laced Tirade

334
119
Thu, Nov 17, 2011 - 11:01am

Oh, how I would like to launch into one. What we have seen recently, and what we are currently witnessing, is the most blatant and disgusting manipulation of the metals I've seen. That it is allowed to stand without question by the CFTC, the SEC and the media sickens me to the point of nausea.

However, for the sake of our none-Fbomb-loving readers and in the spirit of inclusiveness, I will do my best to avoid lacing this post with the profanity it deserves. Let's instead just simply lay it out chronologically:

(Before we start, full disclosure: I do not currently have any positions. Heck, I don't even currently have a broker. I do not have an ax to grind regarding trading losses. I'm simply disgusted by the ongoing corruption.)

1) In the wake of the S&P downgrade of U.S. credit, gold rallies from 1650 to 1920 over a period of six weeks, primarily on the back of Cartel short-covering. New longs also enter the gold market as gold and the Swissie are viewed as the only "safe havens".

2) This absence of sellers panics The Cartel. They petition their friends at the CME to raise margins.

3) Gold trades back to 1750 but then rebounds almost as quickly.

4) The rallying Swissie frightens the Swiss and unbalances the currency trade in Europe.

5) The Swiss decide to devalue their currency by 10% by pegging it to the euro. Knowing this will cause a steep rally in the only remaining "safe haven", a dastardly plan is put into place.

6) The Swiss announce their plan in the overnight (U.S.) following a U.S. bank and government holiday.

7) Five minutes before the announcement is made, the Swiss National Bank sells a massive quantity of paper gold, causing gold to drop over $50.

8) This has the desired, counter-intuitive effect of suppressing what should have been a massive gold rally on the back of the Swissie devaluation.

9) This also "saves" The Cartel from a runaway gold price that would have likely smashed through $2000.

10) The Cartel springs into action, forces the downward momentum, gets some additional margin hikes out of the CME and down goes gold, falling from 1923 to 1525 in 15 trading days. Over the same time period, JPM puts the wood to silver, taking it from 44 to 26.

11) All the while, the world geopolitical and economic landscape continues to deteriorate.

a) U.S. economy in toilet. U.S. government total debt reaches $15T. Blah, blah, blah.

b) Europe in crisis. Dexia, Greece, Italy, France. Blah, blah, blah.

c) The Middle East on the brink of war. New IAEA report shows Iran close to nuke. Blah, blah, blah.

d) Chavez repatriates 100 tonnes and other central banks are massive net buyers of gold. Blah, blah, blah.

e) Rioting, protest and insurrection is seen around the globe. Blah, blah, blah.

f) Blah, blah, blah.

12) Gold and silver rebound. Gold back to 1800 and silver back to 35.

13) MFing Global blows itself up, effectively removing, seizing and/or freezing thousands of futures traders accounts. This destroys confidence in paper markets and removes potential buyers.

14) MFing Global assets seized and stolen by JPM to be liquidated and confiscated for their own use.

15) As we approach the December option expiry, JPM and other Cartel members begin to actively sell and suppress gold and silver. Despite increasingly strong fundamentals, the PMs are pressed lower, perhaps to the point of collapse.

Will they collapse? That is the question, now isn't it. It certainly looks like they might.

I'm on record as looking for a November high in gold between 1780 and 1840. I split the difference and called it 1810. The high, so far is 1805. That may be as close as we get. With all of the uncertainty today...crude over $100, the impending failure of the "super committee", the future of the euro, just to name some...gold is down another $30. It is obvious that there is currently a deliberate and intentional manipulative event taking place. Where it stops, nobody knows.

Could paper gold and silver go lower from here? Heck yes they can! The evil C/C/C has:

1) Raised margins to nearly untenable levels.

2) Destroyed trader confidence and trust by closing MF and stealing clients asstes.

This leaves us with way, way more sellers than buyers and.....down she goes, regardless of the fundamentals.

So, what do you do. You definitely DO NOT trade on the LBMA or the Comex. These disgustingly-manipulated playgrounds of The Cartel will continue to be entirely manipulated against regular investors. They will continue in this manner until they finally collapse from the weight of their sins. WHEN they collapse, the value of physical gold and silver will skyrocket. Therefore, take this time to continue to add physical metal. Speed the demise of The Cartel by using their suppression against them. Take delivery. Add to your stack. Hold your metal in your own two hands. Only by physical possession can you be certain that you truly own it. Only by physical possession will we ever be able to crush the evil, soulless banking cartel. And I want to crush them so fucking badly that I can hardly see straight.

TF

(at least I made it all the way to the end before unleashing the Fbomb)

p.s. All that said, I know many of you are looking for charts, nonetheless. So, here you go.

About the Author

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

  334 Comments

Hau
Nov 17, 2011 - 11:32am

Down we go!

Silver has dropped $1.50 USD since I bought some yesterday. As a newbie, I welcome the smack-down as it buys some time to accumulate. (By the way, BullionDirect raises their handling fee tomorrow!)

Thanks TF for providing the backdrop, as always. It's reassuring to know that I'm not the only one wondering "WTF" when comparing spot prices against the world news.

Orange
Nov 17, 2011 - 11:34am

Kuwait

Should affect oil.

KUWAIT (Reuters) - Kuwait's emir ordered security forces on Thursday to "take all measures" to maintain public order after protesters stormed parliament demanding the resignation of the prime minister over alleged corruption.

https://news.yahoo.com/protesters-storm-kuwait-assembly-demanding-pm-qui...

Pablo
Nov 17, 2011 - 11:35am

They're trying to wash you out.

Remember, if you swing the tub back and forth violently enough, eventually some water washes out over the edge.

NW VIEW
Nov 17, 2011 - 11:36am

Junior Miners

These stocks like EXK,SSRI,GFI,HL,and many others appear to be wrung out to where the values are smoking. Driving the P.M.'s much lower may not drop the share prices much further. It may be time to stick one's toe into the miners. JMO

Mickey
Nov 17, 2011 - 11:36am

this is all about "them"

this is their playground and they do not want even a small group playing and winning.

The goal is to permanently drive the small players out.

And then fleece the "other" big players who think they are smart.

Best game--sell a littel on strength, buy a littel on weakness--hold a core portfolio.

If you think the financial and economic problems are going to be easily fixed, no need to buy PM.

SRV - ES339
Nov 17, 2011 - 11:37am
weedlayer
Nov 17, 2011 - 11:38am

Agreed . . .

This action in the PMs is, of course the big banksters (HSBC and JPM-C) doing what they always do--sell short with unlimited fiat dollars provided through their umbilical cord attached to the Fed/Treasury cabal. The CFTC is part of the very same cabal we call the U.S. government, owned and operated by Goldman Sachs, Rothschilds, Morgans, Rockefellers, et al.

I agree that the gold and silver prices, as determined by COMEX and LBMA will likely go to almost zero. It must. We are getting close to the point where there are no specs in those markets--just entities looking for the physical. When they cannot get the physical there, they will stop bidding there (go long), so all there will be are the short sellers. With no bids, you can see how the price goes down, down, down. I don't play that game.

FOFOA's site is a good one to peruse. I don't know if "freegold" will happen or not, though it seems likely at some point, but I agree with him that the COMEX (paper) price will be abandoned, and there will be a new mechanism that will be used to price physical. It may take some time, and during that interim, not much gold or silver will be seen trading hands. So, don't get scared out of your physical--but DO get out of the paper, or risk losing it all.

Shill
Nov 17, 2011 - 11:38am

Now this is a Turd post

Now this is a Turd post classic, reminds me of the old days.

Cheers Turd

FFF
Nov 17, 2011 - 11:40am

Any suggestions on the best ways to play the strength in OIL??

I do not do options since having my wallet emptied by TPTB.

Is there a good ETF or other vehicle that non-option players can use?

OIL looks to be strongly manipulated UP while PM looks to be strongly manipulated DOWN.

Manipulation note: OIL up, unleaded gas down...how can that be??

Tired of the losses in PM's...sorry, but the reality is I need $$$. Want to pay off my mortgage before the SHTF!!!!!!

Breezy
Nov 17, 2011 - 11:41am

Wt fuck

The world global economy - the longest controlled demoiltion in the universe . It does appear to be fact if you don't hold it you don't own it. Let's find the new bottom 24 ish. That would such a deal 15 would be great I'd sell my fucking car and buy . What do you all think is next France,Japan,Spain, more war- Syria with a central banker? Thanks Turd, you'd man. While your sooo pissed off get with SGS on that bears-wicked witch thing .

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