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

infometron
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.

ewolf
Mar 2, 2015 - 11:34am

Vacation

Craig,

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.

DeaconBenjamin
Mar 2, 2015 - 11:48am
braincramps
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
b72s
Mar 2, 2015 - 11:52am

So When

Does this new Asian physical gold settlement market open?

Want to see London and comex shake

-SilverIsMoney-
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.

DeaconBenjamin
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 tfmetalsreport.com and heed LT2's sage advice.

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

-SilverIsMoney-
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...

AIJ
Mar 2, 2015 - 12:14pm

According the the Jackass...

...free 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.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Recent Comments

Forum Discussion

by CongAu, 3 hours 52 min ago
by UncleFester, 4 hours 9 min ago
by Green Lantern, 6 hours 32 min ago