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 - 12:31pm

Zen and Dow

Yer funny of the day:

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

infometron
Mar 2, 2015 - 12:38pm
pforth
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 Bradenpforth
Mar 2, 2015 - 12:44pm
H8Fiat
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.

H8

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

More to the point infometron

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

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

SilverX3TF
Mar 2, 2015 - 1:54pm

Perhaps this is the news item

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

twippers
Mar 2, 2015 - 1:57pm

nasdaq

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.

infometron
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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Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
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Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
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11/27 8:30 ET Q3 GDP 2nd guess
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Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
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11/21 10:00 ET Existing Home Sales
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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
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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
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10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
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10/18 10:00 ET LEIII
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Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
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10/9 2:00 ET September FOMC minutes
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