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:

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 $1223 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!!

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.


About the Author

turd [at] tfmetalsreport [dot] com ()


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.
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:

Mar 2, 2015 - 11:03am




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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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.

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.

Hope he is wrong..

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.

Mar 2, 2015 - 11:23am


but ahead of Marchas45


Mar 2, 2015 - 11:29am


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....

Mar 2, 2015 - 11:33am

@josepper Re: Civelli

Yes, I was surprised he was bearish on gold, but I think that is because he expects that tptb will legislate gold back to the central banks (confiscate and apply a windfall tax by reducing price significantly from its current value). He also noted that gold has failed as an inflation hedge, and people have lost money 'It's just a commodity now'.

He concludes: "There is no way out, so let's enjoy while the good times roll."

On the other hand, he was more optimistic about junior gold explorers, saying that the current conditions in that sector reminded him of 2000-2001. He also mentioned that he prefers the explorers over producers, but that one has to focus on the 'Three P's" when investing in them: 1) Price; 2) Project; 3) People.

Mar 2, 2015 - 11:34am



Most folks get vacation time in their jobs. Why don't you take next week off. If something big happens you could make a post, but more than likely it will just be another SD,DW scenario anyway. I think we could all use a break from this weekly nonsense.

Just a thought.

Mar 2, 2015 - 11:48am
Mar 2, 2015 - 11:49am

Time is a flat circle

It's the reason that life repeats and cyles... not my theory, but an interesting concept.

Video unavailable
Mar 2, 2015 - 11:52am

So When

Does this new Asian physical gold settlement market open?

Want to see London and comex shake

Mar 2, 2015 - 12:01pm

It's been open for almost 6 months...

Andy's platform is just a way to now connect to the new market.

I would like to think these physical exchanges will make a difference but I do not think they will anytime soon. Da Boyz are still in control and will be until the entire thing blows up. Obviously physical exchanges will be apart of that process but if people think China and Russia and the BRICS aren't setting all of these up so they can play the same paper games down the line they're fooling themselves. China and Russia are not trying to liberate the world with a new gold standard they're just trying to find a way to do the same thing the COMEX and LBMA have done for almost a half century now.

Gold will have it's day and likely be the world's last great bubble before everything resets but until then we have to accept this all for what it is... i'm trying to look into other things to invest in now while I wait.

Mar 2, 2015 - 12:07pm

Mar 2, 2015 - 12:09pm

Now there is some action that will hold us transfixed

Silver66: 4

Marchas: 3

And the reason that Asia buys hard on the open is that they read and heed LT2's sage advice.

A yellow hat is a yellow hat--only the style changes from culture to culture.

Mar 2, 2015 - 12:14pm

Amazing show Chuck...

I had read about the theory before I had watched it so I thought it was really cool they threw that in there. Rust Cohle was an amazing character and the relationship between him and Woody Harrelson was some great TV.

That theory is in part why I have started to get into charting cycles as well... no one can put their finger on it (Even Marty Armstrong and his PI theory) but there is obviously some kind of force, energy, God, however you want to define it that causes the world to work in waves - you can see it by simply watching waves in the ocean - and it's the only logical explanation, imo, on how the world can get so backwards in so many ways we simply cannot control the force.

I do believe the universe has a pre-destined path that it follows from birth to death and none of us are immune from these forces either. Like Rust says in the show, "How many times have we had this conversation officer?" and on that note i'll ask... how many times have you fallen down this rabbit hole? Stacked metal? Found this site? Read this post?

If the universe expands, contracts, and big bangs all over again in the same way a star expands, contracts, and supernovas then it's possible we've all found ourselves connected here more times than we can even comprehend... trillions of times perhaps... and whatever comes next cannot be stopped or controlled as the history of humanity is already set in stone the same way a star's fate is when it's born in the beginning.

I try to stay away from this stuff because it's a metal site but what else are we going to talk about today... same shit different day/week/month/year... it's been a long 4 years for all of us but how many times have we been through it? Why did we get chosen for this? There's got to be a reason we found ourselves in this...

Mar 2, 2015 - 12:14pm

According the the Jackass... gold will not come through the forex i.e. the Crimex

But through the trade side, i.e. gold trade notes.

This would require "an event"

till then, my strategy is:

1. stack during market corrections

2. play in the casino with a small percentage of my net worth.

What choice do I have? Better than whining and crying about what you can't change.

Maybe we should take a lesson from Mr. Spock ( may he rest in peace ) ; Logic, no emotions.

Mar 2, 2015 - 12:31pm

Zen and Dow

Yer funny of the day:

Edit: Hmm, not so funny, link keeps breaking, don't know why

Mar 2, 2015 - 12:38pm
Mar 2, 2015 - 12:42pm

Proof of manipulation

Only in a manipulated market could a brand new consumer (Apple) appear over the weekend, unlooked for and unanticipated by everyone, with the potential to become the 3rd largest consumer in the world... and the price goes DOWN!

Ned Braden pforth
Mar 2, 2015 - 12:44pm
Mar 2, 2015 - 12:51pm

pforth, question

Is the "market" really manipulated when most know it already is? What I prefer to acknowledge is that our regulators are corrupt and rule of law destroyed.

Expecting change within US "market" has been tireless. The change will come from PAIN induced by outside. How / when is question IMO.


Mar 2, 2015 - 1:13pm
Mar 2, 2015 - 1:20pm

More to the point infometron

e to the (i x pi) = -1.

("(" ")" Brackets just used for clarity...)

SilverX3 TF
Mar 2, 2015 - 1:54pm

Perhaps this is the news item

Perhaps this is the news item propelling Pallad out and above $820?

Mar 2, 2015 - 1:57pm


nasdaq schmasdaq... while 5000 nas is a pleasant achievement for the scumbags, what they are really after is 20,000 dow. the sockcuckers will have their holy grail by the end of summer. that's when they really start to suck the unsuspecting sheeple into their vortex.

it really does seem as though this charade will never end.

Mar 2, 2015 - 2:20pm

@G-Rod Re: Euler's formula

Stickler you are, as I provided the formula below the text :^) I like Euler's version better, as it shows such a succinct relationship between the five most fundamental numbers in mathematics (with all apologies to the golden ratio, and root 2).

Number trivia: According to the Greeks, the first number is 2. Why?

Geez, what a boring day, eh?!

Excuse me while I go back to meditating on the lint in my bellybutton


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