SS,DW

56
Mon, Mar 2, 2015 - 9:26am

Just like the post from a few days ago. However this time, instead of "different day", are we staring down the barrel of "same sh*t, different week"?

I say this because it's Monday and we all know what's coming on Friday...the BLSBS. And how were the "markets" managed heading into BLSBS day last month? If you'd like to go back and look for yourself, most of the posts are found on this page:

https://www.tfmetalsreport.com/?page=4#comments

But here's a reminder/recap...

After breaking the January Uptrend following the release of the Fedlines on January 28, price slid sideways along its 200-day moving average for over a week, near $1256. Only when the BLSBS was released on Friday, February 6, was price dramatically smashed through that key technical level. This flipped the HFT algos off of their "buy the dip" setting and, once The Cartel was able to subsequently rig price down through the 50-day and 100-day MAs, the jig was up and we've been swimming against an endless tide of algo sell orders since.

So, what makes this potentially a "same shit, different week" scenario? Well, check out these carefully crafted and painted pennants. These things are now so precise that it should be obvious what is happening here...we're being set up again.

Just as price was held above the 200-day for the dramatic effect of smashing through it last month, these pennants are being painted for the dramatic effect of breaking down and out this coming Friday. Now, this assumes one very important point:

For this to work for The Banks, the BLSBS must be wonderful and rosy. Hampton Pearson must gleefully proclaim "UP 310,000! Non-farm payrolls rose by 310,000 jobs in February and the unemployment rate fell to just 5.5%!"

IF Hampton does, gold (and silver) will break down and out of their pennants and every amateur chartist from here to Idaho will loudly proclaim the "disastrous" news.

Now, again, I could be wrong. I'D LOVE TO BE WRONG! Maybe news events before Friday will break price UP and out of these pennants. Perhaps the BLSBS will be lousy and prices will rally on Friday, instead. MAYBE. The point of this is simply to warn you. As you gaze upon the charts below, is it not clear to you that we are being set up? Aren't these pennants just a little too perfect?

And then consider these next two charts. These show the action since the Globex re-open at 6:00 pm EST last evening. Note that price almost immediately surged higher (for once) and rallied all through the "Asian" session. Only after double-topping at 23 did The London Monkeys kick in and drive it back down and then, after another brief surge between the London and Comex sessions, price has been hammered again by the same sell-the-rally algos we've been battling for over two weeks now:

Here's a 15-minute chart and a 2-minute chart:

And just one news item that would leave even Leonard Pinth Garnell shaking his head in amusement. It appears that the latest "bailout" of Greece will be partially sourced with funds from Spain. SPAIN!! Oh my gosh. This is all just so incredible and farcical that nothing surprises me anymore. SPAIN!! https://www.zerohedge.com/news/2015-03-02/theater-absurd-spain-provide-1...

Anyway...Look, man, here's the deal. They can whack it all they want and play their little paper shell games for another day. I really don't care anymore. I only write about it because it's mildly entertaining and I'm still trying to awaken and warn as many folks as possible. If you haven't yet read the latest opus from Jim Quinn on the TFMR homepage, you should do so right now. Then tell me how today's gold price manipulation really matters in the grand scheme of things. Just keep stacking and preparing. The rest is all useless noise.

TF

About the Author

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

  56 Comments

Mar 2, 2015 - 10:51am

And in case you missed it

Here's a reprint of a fun comment from earlier:

So easy a 9th grader can do it

Submitted by Turd Ferguson on March 2, 2015 - 7:54am.
MODERATOR
Hat Tip!16
So, while she's eating breakfast, I look at LT#2 and ask her where she thinks gold is at this morning.

I explain to her that it was up $8 and at $1221 when we went to bed last night but that almost certainly the London Monkeys had worked it over while we slept.

She thought about it and then said "$1214". She was off by a dollar.

But I'm sure that Doug and Dick and Marty are right, the gold market is free and fair.

Mar 2, 2015 - 10:54am

Just in case you're wondering...

...who the heck is Leonard Pinth Garnell? This clip demonstrates just how old Turd is:

CPE
Mar 2, 2015 - 11:03am

I

like

Au

and it's ON SALE!

Go Little T #2, Go!

Late update: Well looky there, we stopped right at $1207...hmm....I think Turd has been lying to us and really is a witch! It's amazing how well you spot the lines that the cartel uses Craig!

Mar 2, 2015 - 11:05am

And this from Provident

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-SilverIsMoney-
Mar 2, 2015 - 11:10am

I cannot recall...

Them being this blatant for this long. I would love for someone to explain how gold drops $16 this morning...

At this point I'm more interested in why the Asian opens keep buying so hard.

Kansascrude
Mar 2, 2015 - 11:12am

Kitco down for last 30 minutes

Now I can't even get Apmex up...hmmmm whats going on besides the usual manipulation and theft? 10:12 CST Both back now

Old Howard
Mar 2, 2015 - 11:14am

Carlo Civelli

This guy has an opposing view on gold but I am not familiar with his work.

https://www.youtube.com/watch?v=iJxWDs9TNKI#t=140

Hope he is wrong..

Kansascrude
Mar 2, 2015 - 11:18am

SIM maybe its finally Here Comes Da Judge

Maybe Willie is right and the shat is now finally getting called by the East. I mean this BS is ridiculous the latest Euro fiasco is case in point. Bankrupt countries bailing out other bankrupt countries....this is so far beyond reality it makes the Twilight Zone look real.....

At some point this whole vaporizes and its got to be getting close. Maybe the new exchange is really going to matter. In the interim I would be happy if Apple came in for 50-100 tons of Au.

silver66
Mar 2, 2015 - 11:23am

6th

but ahead of Marchas45

silver66

unwired
Mar 2, 2015 - 11:29am

DVD / GPD

Deja Vu Day

Ground Pig Day

The loop continues....

Wonder if the latest 'metals market probe' can detect any repeating patterns in these 'markets' yet... I decline to hold my breath....

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