The Last, Desperate Acts

Fri, Jun 8, 2012 - 12:56pm

The foolish, self-destructive Bullion Banking Cartel continues to crush and manipulate the price of paper metal. Their arrogance will be their undoing.

First things first. As you all know by now, paper price was crushed last night/earlier today. $23 was taken out in under a minute. This was nothing but regular, Cartel price manipulation where bids are pulled coincident to sell orders being placed. As usual, they got away with it. This time, however, we were watching and two, separate Turdites caught them in the act. Here is a C&P of an email I received last evening at 10:50 EDT, 30 minutes after the "event".

I was watching gold sell off tonight, wondering how low it would go. Then I saw the spike down. On my depth of market order entry application (NinjaTrader), there was absolutely no bids or ask in the system. So I placed a limit order quickly at 1567. There was a long pause, but then my screens came back to life and suddenly the price slipped all the way down to 1556. I was pissed because I thought I was filled at 1567, but my long of 6 /GC contracts was filled at the absolute bottom 1556.4.
This almost conclusively proves to me that liquidity (bids) was purposely removed. How did I get filled at the absolute bottom?
Regardless to the inner workings of the access market, somebody dumped 1750 contracts in a market order, all at once. Same bullshit as always but this time I am getting even with these bastards.
I can prove that my order was filled at 1556.4 if you are interested.

Corroborating this was a second email I received a couple of hours later:

Hello Turd, I too was trading tonight when the bomb was dropped. I usually find the late evening hours from 8pm ET to around 11pm not too bad for trading,.....the volume usually is light and trading slow.........but tonight felt different.......I watch the Euro and the Yen and the Yen was catching some bids and moving on up........I am a one contract trader and just trade for a few dollars either way........I stopped myself out of a long at 1580.20 in the Aug gold and walked away from the computer.....when I came back a few minutes later I could not believe what I saw.......the volume for those 2 minutes if I remember was around 1800 usually won't trade that amount in 6 hours at night........they were gunning for the lows on the chart around 1579 and took them out with a vengeance..........this is not hedge funds trading in the middle of the night nor the small speculator......this was a coordinated massacre and the collateral damage was any long specs whose stops slipped by 5 or 10 dollars at least...........after the initial rebound rally, the market was so thin and quiet for the next 35 or 45 minutes.....most were shellshocked, if not broke, and there were no players left........I am done ranting..........and I think I will stick to trading the ES futures from here out..........and to those knuckleheads who say there is no manipulation in the metals markets, I say...........keep their heads in the sand......that way we won't hear as well what they are saying.

In the end, it's as if the entire bid/ask system was momentarily shut off. Into that void, a massive order was dumped for maximum effect and damage. A momentary, deliberate "flash crash" designed to game and flush any unsuspecting buy stops. It's deliberate, overt manipulation but it is sadly, for now, the way the game is played.

That game is changing but the blind arrogance of The Cartels keeps them from seeing it. Once again today, massive physical demand appeared in London. The Cartels selfishly crush paper price in order to game and manipulate the speculative managed money. They squeezed the shorts a week ago. They crushed the longs yesterday. The Masters of Disaster think they are playing this game and avoiding long-term consequences. As stated above, their arrogance will be their undoing.

Earlier this week, I wrote about the coming shift in the global trade settlement structure. If you haven't read this yet, please do so now ( The metal that is flowing out of London toward points East will be the basis of this new system. All metal used to back this new system is effectively removed from the global stage. As this transpires, physical metal will become increasingly scarce. Without physical metal to back the highly leveraged paper, the entire LBMA will collapse and, with it, The Comex. The LBMA and Comex collapsing will directly effect the solvency of the Bullion Banks and a new global paradigm will emerge.

Again, your only personal financial protection from this historic chain of events is the purchase and acquisition of physical precious metal, preferably gold but silver, too. (Though likely included within the new trade settlement structure, I expect silver to soar due to its own set of fundamentals.)

Please, I urge you to immediately consider whether or not you own enough physical metal.


Look around.

Trust your instincts.



About the Author

turd [at] tfmetalsreport [dot] com ()


Jun 8, 2012 - 1:00pm

Metals not water falling below recent lows.

I believe Willie's buyers keep us propped.

Jun 8, 2012 - 1:01pm

Slooooowwwww . . . .

At least you are still on the air. Seemed for a while there that the EE was striking a day late.

But no, the signal is still coming through; just that the Turd's words are now being beamed from Uranus!

Jun 8, 2012 - 1:03pm


So Rand sold us out. First Ross Perot and now Rand and Paul.

It's time we crossed the Delaware river and on to Trenton with silver and gold.

Jun 8, 2012 - 1:07pm

Smitten or bitten

  • So.... we're no longer anticipating another slam this morning as a continuance of yesterdays double dipammy? I'm not convinced.
Jun 8, 2012 - 1:09pm

what is it?

A dipammy is something between a whammy and a debacle.

Jun 8, 2012 - 1:10pm

Great Post, Turd

Thanks for all you do!

Jun 8, 2012 - 1:10pm

We need Andy Hoffman to do some Screaming here!

The Fabric of the ruling class is just Plain Wicked to allow this! Criminals is too nice of a word for them

Jun 8, 2012 - 1:11pm

Overnight Attack, but the SLA means Business!

The News Wires Are Quiet This Morning as AU and AG Move Sideways....

A Scramble to Cover All Bases in Propaganda Land When The Big Upside Returns?

Jun 8, 2012 - 1:12pm

or a typo


Dr G
Jun 8, 2012 - 1:12pm

I'll Have Another is out for

I'll Have Another is out for tomorrow. Sad.

But back to the matter's at hand. Turd, yesterday you advised us to hold 20% of our assets in physical metal. I think that number is actually too low, but I suppose it is for each to analyze. I don't know what % is truly appropriate, but I like something approaching 40-50% at a minimum. I'm in roughly 65% at this point.

The Cartel, or whoever you believe has their hand in every cookie jar, has really created a mess for themselves. As they lower the paper price buying simply increases due to the lower price. For the life of me I can't figure out why they don't just stay out of it and let things run their natural course. I suppose that would lead to $5,000+ gold and that would be problematic. I also believe they enjoy shorting on the dips and then going long on the bounce and making money on both ends. Who can blame them.

Eric Original
Jun 8, 2012 - 1:13pm

Wuz going to get caught up

Wuz going to get caught up with the Turd, but first I gotta check out Lauren Lyster (sorry turd, you can't compete). Can't find the link now. Little help out there?

Jun 8, 2012 - 1:18pm

Price of gold on D-day?


Always wondered what the price of gold would be the moment the Comex collapses. Does paper go to zero (but w/o the Comex, where/how is the paper price of gold determined?).

Jun 8, 2012 - 1:24pm


Monster Box

I just ordered me a Silver Eagle Monster Box and couldn’t be happier about the purchase. I buy as much as I can to help the cause, and I defiantly put my money where my mouth is today. I hope everybody else in Turd’s Town is buying silver and gold at these discounted prices!!! BTW The Bernank can go straight to hell

Jun 8, 2012 - 1:26pm

Makes Me Want to Drink

Thanks, Turd.

I gotta say - this ongoing illogical (from our perspective) and seemingly endless manipulation is not doing me any good. I'm trying to taper off using any alcohol and all this does, is make me want to consume more.

Guess I need to add several cases of something-or-other to the prepping list.

Jun 8, 2012 - 1:30pm

He really is Santa....

...from mineset:

Jun 8, 2012 - 1:33pm

Ranting Andy is 100% in

and so am I including mining stocks, although most have been raided over the years. Sprott Global will give a free evaluation of portfolio, as Rick Rule says, better to dump the .15 stock (down 85%) and put it in something that will do potentially better once mining consolidation begins. The companies in need of capital investment will sink since there is no financing available. Andy Hoffman warns that most of the sector is fatal due to short raids and future expropriation by countries.

Jun 8, 2012 - 1:38pm

Turd, this is not arrogance,

Turd, this is not arrogance, this is all part of the can kicking process. I have to believe TPTB can see now that their system is crumbling. They have no choice but to continue manipulating the paper markets to pretend like the system is not already over the cliff and falling. Keep the paper price low and it masks the enormous physical demand coming out of the east.

Jun 8, 2012 - 1:38pm


Thanks Turd, let the ee fools do what they want as the noose tightens around their necks, they are all in a situation that will lead to their down fall! As a long time stacker I have learned to listen to my instincts and not to MSM, seems they are all in denial at this point! The main thing to remember is to get out of debt as fast as you can and to invest in HARD assets. It's a sure way to sleep good at night! Day to Day price swings are really unimportant,remember how long it took to get from $250 to $1500 in gold!

Jun 8, 2012 - 1:41pm

is winston the London Trader?

seems like similar stories. the question i have is how much longer can these frickers keep it up

Jun 8, 2012 - 1:44pm

Santa's dog

Hopefully not a mississippi leg hound.

Jun 8, 2012 - 1:45pm

Another side effect

I think another long term side effect of this blatant manipulation in the futures market is, that a certain percentage of the money in this market is simply leaving the speculation and is buying the physical stuff instead (you don't need to be a goldbug to recognize the manipulation - and recognizing it means, that the system loses it's credibility - not good for a system, that is built on that!!! ).

afc999 Jasper16
Jun 8, 2012 - 1:46pm

Please explain...

So Rand sold us out. First Ross Perot and now Rand and Paul.

What did I miss?...please explain your little rant. Ron Paul will not "sell out"...period. Rand I don't know as well. What exactly are you referring to? TIA...jt

Jun 8, 2012 - 1:47pm

repost from the bottom of the last thread

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2012) - Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP), announces that its wholly-owned subsidiary, Landqart AG, a leading manufacturer of banknote and security papers, has had a material banknote order reinstated. This order was unexpectedly suspended in the fourth quarter of 2011 which negatively impacted the financial results of Landqart's operations in the first half of 2012. An aside, Does anyone have any idea what prompted the Liar-in-Chief to hold an impromptu news conference this morning? As far as I can tell, nothing monumental happened overnight, yet when I turned on FBN this morning, there he was. (UGH.....not the best way to start the day.) Makes me wonder if there's something coming this weekend from Europe, and he wants to look like he was in front of the event?
Jun 8, 2012 - 1:48pm

We are in the eye of the hurricane?

gonna get 30 of these bad boys next week. if we survive the weekend that is

Jun 8, 2012 - 1:49pm

When everyone sees the same data

It's impossible not to draw the same coclusions.

Jun 8, 2012 - 1:49pm

From last thread -

London Trader = Fascinating posts, but no results follow that match his "facts". We'll see in a few weeks, but his track record sucks.

pourty Jasper16
Jun 8, 2012 - 1:50pm

@Jasper16 re; Rand Paul

He either sold out or is being manipulated in some other way. I can understand conceding his dad doesn't have the delegates to get the nomination, but to support Romney like that was shocking to watch. He does not agree with Romney, there's something else going on behind that endorsement.

It may just be that he is going for the lesser of evils between the republocrats, but even that would be selling out, IMO.

Dr G
Jun 8, 2012 - 1:51pm

Everybody that Eric King

Most everybody that Eric King interviews has a short-term and near-term track record that sucks. They'll all be right in the long-term as the fiat system implodes.

Dr G
Jun 8, 2012 - 1:53pm

To clarify, Ranting Andy is

To clarify, Ranting Andy is 100% in physical metals. No mining stocks for him. No paper play of any sort. I'm 65% in, with the remainder being split between cash and real estate holdings.

Jun 8, 2012 - 1:53pm

@ magpie

Just another everything is ok, job growth is solid, the administration is pushing europe for an american style bailout, and the typical blame game. nothing different, time to go fishing!

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