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 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!!

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 - 2:44pm

I have permission to share this (subscriber alert)

Going for gold, not bonds

By Gerald Celente
Publisher, Trends Journal

KINGSTON, NY, 2 March 2015—History is being made. A unique phenomenon is in play that few outside the business media are reporting.

Last week, for the first time in its history, Germany sold five-year bonds that guaranteed a negative yield. And Germany is not alone. Eurozone nations, including France, Belgium, Finland, Denmark, Switzerland, Netherlands, Sweden and Austria, have issued bonds with negative yields.

This means investors, as a reward for tying up their money for several years, will get less money back than they put in when the bonds mature.
Among the rationale for investors to accept a loss is that government bonds provide a safe haven in an uncertain economic future. And with banks trending toward negative interest rates (charging savers to hold their money) and bail-ins that permit seizure of deposits above the insured amounts, negative bond yields, rather than bank deposits, are the price paid for security.

Moreover, there are assumptions that in the current economic climate of deflation and weakening currencies, investors may get some protection should future deflation exceed the current negative bond yield.

Gold yes, bonds no

When I had forecast the beginning of the Gold Bull run in 2001, I based it in part on the 46-year low interest rates and subsequent ultra easy-money schemes Wall Street and Washington were peddling to the public. My reasoning was that the more cheap money flooding the marketplace, the less the currency would be worth. And the more money pumped into the real estate and equity markets, the greater the bubbles would grow. In November of 2007, I secured the domain name in anticipation of the bubbles bursting. And, our Top Trend of 2008, made eight months before the Lehman Brother bankruptcy debacle, was “The Panic of ’08.”

Today, virtually anyone with an open mind and no hidden agenda – profit motive or otherwise – knows the economic facts and what they mean. The tens of trillions of central bank dollars, yen, yuan and euros, plus the unprecedented years of record low (and now negative) interest rates, have again created massive speculative bubbles in the equity markets. Therefore, growing economic uncertainty combined with increasing geopolitical instability still make gold the safest of safe-haven investments for me.

The longstanding argument made by anti-gold equity market players that it makes no sense to invest in the precious metal because it pays no interest is absolutely no longer valid in a negative-yield and negative-interest-rate environment.

And, while it is guaranteed that German and other bonds with negative yields will be worth less in five years than they were last Wednesday, the upside forecast for much higher gold prices in five years is far greater than gold selling for less than it is today.

IMPORTANT DISCLOSURE: The Trends Research Institute and Gerald Celente provide trend forecasts, not financial advice. Our trend forecasts are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.

Gerald Celente is the founder and director of the Trends Research Institute in Kingston, N.Y., and publisher of the Trends Journal and

Mar 2, 2015 - 2:39pm

From Denver Dave / Stay Frosty

"Hold tight to your metals. When this thing flushes, the market crash will be spectacular and the move up in the metals will be equally spectacular. Most people in this country, regardless of how paper dollar rich they are, will be ruined. – Dave Kranzler, Investment Research Dynamics, Golden Returns Capital...

"I was chatting with a well-know financial markets guru on Friday. In his work, he chats off the record with several high profile professionals who are either directly or indirectly connected to what is going on “behind the curtain” in DC and Wall Street. He confirmed for, based on his off the record conversations with these people, that the western Central Banks – especially and specifically the Federal Reserve – are manipulating ALL of the markets 24/7. As my title states: our system is a complete fraud."

Mar 2, 2015 - 2:38pm

This is tremendous

Good for him. Defending/protecting his daughter while exposing the depravity of internet trolls:

Mar 2, 2015 - 2:26pm

This is bugging me!

Watching all the bs continue week in week out I can't help but wonder why AM's new exchange HAS been allowed to start without being shut down by the Cartel. They must have known about it. The hedge funds aren't going to play on the physical only exchange as they don't take delivery which currently helps the comex operate the way it does. The comex only needs a small amount of physical to operate so what's going to stop them taking delivery of physical on the new exchange to HELP keep their paper games going?

Any thoughts?

Mar 2, 2015 - 2:24pm

What Happened Silver66 ????

My bloody post never did record. I need to speak to the management. Lol Keep Stacking

Mar 2, 2015 - 2:24pm


Anyone close enough to the miners to know how they are surviving this pounding for the last couple of years? For the life of me, I can't figure it out. Awhile back, with the price of silver substantially higher, some mines were being placed on a maintenance program, I've not heard any more of late going that route and, in fact, some miners are touting record production for 2015. This tells me:

1) Demand is weak relative to supply

2) Mining costs are an accounting sham

3) Price, while manipulated in the very short term, is always a supply and demand result

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

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 - 1:54pm

Perhaps this is the news item

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

Mar 2, 2015 - 1:20pm

More to the point infometron

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

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

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Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
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7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
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Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
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Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
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6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
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6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
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Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
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5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

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