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

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turd [at] tfmetalsreport [dot] com ()

  334 Comments

GoldMania3000
Nov 17, 2011 - 12:08pm

Remember...santa said

Gold will go into the $2000 range with great violence. :) (ok we are getting violent now)

recaptureamerica
Nov 17, 2011 - 12:11pm

well the FED

Has said he has more tools to keep inflation in check.. what do u think he meant by that? Well imo, he meant he would keep in check the perceived indicator of inflation.. gold prices. Perception deception...a propagandists main tool

JackPutter
Nov 17, 2011 - 12:12pm

I was watching for this.

The prices are taking a dive pre 20th of the month for the last 4 months now? Is it for the manipulation of a positions report? I think it's odd that they are even pretending to obey the law. That they even continue to lobby for CFTC rule changes? What for? They are trying to shake the BIG-STRONG hands.

The pretense of lawfulness is to keep from scaring the fish.

They possess advantages to the extreme. They trade as HFT, they can see your stop loss orders, they can see who has an account where, they have a friend in the money printing business, and they can tell Congress when to buy and or sell.

So physical is the only choice.

treefrog
Nov 17, 2011 - 12:14pm

turd? no violence?

i think we've been programmed by the political correctors rhetoric.

"violence" is a very useful concept. ask a carpenter if he has ever non-violently driven a nail. what do you call a football coach that tells his players to avoid violence? ...loser!!

loggers cut trees off at the stump and send them to sawmills to be ripped into boards. miners drill holes into rock formations, pack the holes with explosives, then blast mountains into smithereens (or maybe just smithers.)

once more, i think we've been programmed. violence has become demonized. another transformation is the re-definition of the word "gay." gay used to mean festive, mirthful and joyous. now it means homosexual. (the homosexuals i know aren't particularly festive, mirthful or joyous. actually, a lot of them seem to be chronic complainers.) "speculation" is another target of re-definition by the politically correct. it used to mean the art of planning for the future using the past as a guide. it is now being demonized by those who do not look to the future.

i hope you don't remove this post because i favor violence. i oppose the inappropriate use of any tool or technique.

Looner
Nov 17, 2011 - 12:16pm

Re treefrog and tools...

Turd is using this site for the tool it is meant for, monitoring commodity exchanges. When he says it will not be used for what you speak, he is just using it for what it was originally designed for.

ivars
Nov 17, 2011 - 12:16pm

Reposted-Do not worry , silver just following its patterns

Which will not bring it far away (+-3) from 33 on either side at least till February.

Or even till May:

I think from longer term chart that below 32 is good to buy, especially for stacking.

More charts( gold including) here:https://www.tfmetalsreport.com/forum/2814/ivars-charts

Please visit!

Nov 17, 2011 - 12:18pm

This could get very ugly

particularly in silver.

The EE knows they've got a significant advantage. Anyone who ponied up money after JPM forced margin calls on the MF Global clients, will likely get another margin call soon. What would you do? Put more money into the corrupt system or simply sell?

The selling will then cascade...maybe even lead to another margin hike...leading to further selling. $25 here we come.

If trading, you should be out. Eventually, a paper trading opportunity will emerge but not until this EE-inspired, criminal bloodbath is over.

backseatdriver
Nov 17, 2011 - 12:19pm

Take it to your forum

Kindly take your prognostications to your forum. Thank you.

BSD

treefrog
Nov 17, 2011 - 12:19pm

treefrog

You're not the one the FBI will come after. You're just an anonymous poster on this site. I'm the one with my tits in the wringer if anything happens.

Stormdancer
Nov 17, 2011 - 12:20pm

Jack Putter

Agreed. Which is another way of agreeing with ReachWest earlier:

"The game is no longer playable."

Period.

Full stop.

Btw....been appreciating your posts Jack :). And Bhudda Princess too...I think lots here are appreciated but never specifically get told so. Thanks to both of you :)

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