Blatant Criminality Continues

Tue, Apr 12, 2016 - 11:14am

From yesterday's huge issuance of new contracts to today's latest enforcement of the "Never, Ever, Ever, Ever Rule", the control and manipulation of the gold market by The Criminal Banks continues in earnest. While it's nice to see prices remaining firm, there is nothing to suggest that this is going to get any easier, anytime soon.

Let's start with the open interest numbers. By now, I've so thoroughly beaten this into your head that you're likely to tune out if I go through the whole exercise again. However, since we continue to see our membership grow, I probably ought to offer the Cliff's Notes version, at least....

Once again yesterday, The Banks created massive amounts of new paper short obligations in a desperate attempt to restrain paper price. Without providing any additional physical metal collateral, The Banks summarily created 14,345 new paper gold contracts yesterday. At 100 ounces per contract, these new paper shorts represent a future obligation to deliver 1,434,500 ounces of gold or about 45 metric tonnes. Of course, The Banks have no intention of ever delivering that amount of gold. They will, instead, simply continue to feed new contracts to the hungry Specs until their appetite is satisfied. The Banks will then wait for the opportune moment and then try to force The Specs into a mad scramble for the exits. The Banks will then use this Spec selling to buy back all of their ill-gotten paper shorts, thereby closing back out all of the open interest that they had just recently issued. It looks like this:

March 1: Open interest 450,555. Price $1231

March 10: Open interest: 504,118. Price $1274

March 15: Open interest: 493,086. Price $1232

March 17: Open interest: 508,262. Price $1266

March 21: Open interest: 504,152. Price $1246

March 22: Open interest: 510,579. Price $1250

April 4: Open interest 470,842. Price $1219

April 11: Open interest 498,189. Price $1258

See how that works? And, as we discussed last month, it appears that The Banks feel a little threatened when total OI rises above 500,000 because, on three separate occasions, deliberate raids soon followed after the 500,000 level was breached. So, first and foremost, look out!

Next, we have the "Never, Ever, Ever, Ever Rule". This rule has been around for years but plainly in effect recently as we've documented three of four clear enforcements of it in just the past few weeks. And what is the "Never, Ever, Ever, Ever, Rule"? Plainly stated, on days when The London Monkeys stand down and price is actually allowed to rise in the US overnight, the responsibility for managing price lower falls to The Banks of the Comex. It sounds simple but it is what it is. Here was latest example from last Tuesday, the 5th:

With The London Monkeys standing down again overnight, today is another "Never Ever" day...and how does it look so far? See for yourself:

And keep in mind that the primary driver of HFT Spec cash into gold futures this past week has been the sinking USDJPY ( THIS is the #1 reason why price has rallied and the USDJPY is bouncing a bit this morning...undoubtedly helping the cause of The Bankers.

So, as it pertains to gold, just proceed cautiously. Understand the forces that are opposing you and act accordingly. They WILL lose in the's just The End isn't likely to be tomorrow.

On the bright side, silver charged higher overnight and, though it too has given back a little this morning, it's hanging in there above $16. As we discussed last week, once the most recent downtrend was broken and price got back above $15.20, the stage was finally set for an attempt at a new higher high. To accomplish this, silver needs to get through the $16.38 intraday high of October 28 last year. Can it do so on this attempt? Maybe. I think, instead, it's more likely to encounter stiff Bank resistance there before falling back a little to regroup so be patient. Once silver gets through there...and it should accelerate into the 17s and beyond. Thus the fight from The Banks to keep a breach of $16.38 from occurring.

Have a great day,


About the Author

turd [at] tfmetalsreport [dot] com ()


Apr 12, 2016 - 11:16am
Apr 12, 2016 - 11:23am

Sloppy Seconds

DOn't mind if I do

Apr 12, 2016 - 11:23am




Swift Boat Vet Marchas45
Apr 12, 2016 - 11:24am


Didn't buy last week. Knew this would happen and I do believe the 'worm has turned' in the silver arena.


Apr 12, 2016 - 11:25am

I'll take the FOURTH and

I'll take the FOURTH and continue to guard my is my insurance policy of last resort!

Apr 12, 2016 - 11:32am

Sixth on a sideways day

got to love manipulation...cheeky need that vomit emoji!

Apr 12, 2016 - 11:34am

I See a Glitch

Went to edit but no edit button.

Anyway I was going to say and I will say, Silver is looking strong in my opinion. They just can't seem to get it down, maybe there is hope after all for my beloved silver's rise. Keep Stacking

oldbones youngmind
Apr 12, 2016 - 11:37am

Beautiful Day in the Midwest

Bought 50 generic rounds last week and very glad I did.

Apr 12, 2016 - 11:49am

DB put update

Still holding the three I bought last week but not going much past tomorrow as they expire on Friday. Thought I had a shot 90 minutes ago as DB hit 15.50 but it has since reversed back to $15.90 angry

Apr 12, 2016 - 11:52am


Helping silver today?

Apr 12, 2016 - 11:55am

Laughable Fed Goon jawboning

Who actually takes the assholes seriously anymore?

Really? Three rate hikes?? With Q1 GDP at +0.1%???

Apr 12, 2016 - 11:59am

Chris Powell on BBG

Another sign of the apocalypse?

Apr 12, 2016 - 12:10pm
Apr 12, 2016 - 12:19pm


I find it very interesting that the Banksters are pushing for a "cashless society" when THEY control that side of the equation 100%.

Yes, they hold most of the cash. They control the outflow of it and they control the dispersion mechanisms...the ATM's!

At the end of the day, they don't need your permission to go cashless. All they have to do is go bankrupt and Voila!...We The People are all "cashless."

The cashless world is coming but it won't be in the kind of scenario that the Banksters had originally planned.

It will be in a world where the banks are no longer operating.

So stock up on a bit of cash in your hand for the coming transition. Low denomination bills (and coins!) will be best because there will not be much money to "make change."

I have been working on a very, very special disclosure project to make The Road to Roota Theory much more accessible and understandable to "The Average Joe." When (not if) the Road to Roota Theory is proven to be correct it will be the most important Monetary Conspiracy Story since the creation of the Federal Reserve System on Jekyll Island and it is important for EVERYONE to understand the TRUTH about what happened in order to move forward

If all goes well the "Roota Disclosure Project" be released next week - just in time for those seeking answers to the question...


May the Road you choose be the Right Road.

Bix Weir

PS - If you haven't read my books yet there is no time like the present to get caught up!! All three books are written in the "Conversation with God" style of writing and deal with the Big Questions we all have about silver, gold, conspiracies, the Good Guys vs the Bad Guys, the meaning of it all and WHERE it will lead us...and WHEN.

You can get your PDF copies here:

Book 1 "Silver, Gold, Bitcoin and God!"

Book 2: "Out of the Darkness"

Book 3: "The Road Awakens"

Apr 12, 2016 - 12:22pm

Nationlisim vs Gloablism aka NWO

"There is a very high possibility that if the Oligarchy decides to manipulate the elections like they did in 1992 when they put CIA stooge Fidel V. Ramos in power, following another CIA stooge Corazon Aquino, who has proven to be ineffective as a nation builder post-Marcos dictatorship, there will be a full spectrum revolution that includes the already armed rebels in the South."

"Duterte’s presidency promises to be more independent than all post-Marcos administrations. Already, he refused to kowtow with personalities at the US Embassy in Manila. He is also warning China that if no constructive agreement on the peaceful resolution in the Spratlys is reached within two years, he will plant the flag of the country right at the newly constructed airstrip in the West Philippine Sea."

Apr 12, 2016 - 12:38pm

History of the Yen and where it all went wrong?

This is my research, just trying to understand.

If you go the link above, you'll note that the Yen was 254.11 to 1 in January 1985; 200.05 to 1 in January 1986; 154.48 to 1 in January 1987; and 127.44 to 1 in January 1988. That was a 50% debasement of the US$ during that 3 year period. People talk about the Yen strength, but lets call it what it was -mega inflation for all Japanese imports to the US and a major economic hit to the Japanese starting in 1985...

The Japanese asset price bubble (バブル景気 baburu keiki?, lit. "bubble economy") was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated.[1] The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an uncontrolled money supply and credit expansion.[2] More specifically, over-confidence and speculation regarding asset and stock prices had been closely associated with excessive monetary easing policy at the time.[3]

Ok, reading the above, I need a little help?!?!

 Japan in an economic bubble and their currency was strengthening? Values going up while the currency is getting stronger. I mean, do you not typically try to strength your currency to stop overheating? By 1992, major asset revaluation/devaluation and the YEN continues to strengthen? By 1992 the Yen is 125 to 1, by 1995 the Yen is 99.79 to 1; all this time is was the YEN that got stronger???

I think all of this is misdirection. The US dollar has continued to plummet which has allowed everything in the US to be inflated. I've said this before, the Japanese need the Yen to be above 200 to 1 to regain any economic momentum. This is not to inflate, but to breath economic normalcy back in their manufacturing...

1949-1971: Yen is 360:1

1971: Yen is 308:1

1995: Yen is 99.79:1

and somehow this is because the Japanese overheated???

I am applying this to the Keynesian thought process and see just how far back this has been going on... The debasement of the US$ was placed on an expedited course since 1985. The Japanese have been printing LIKE MAD MEN just to keep the Yen at 110:1... Think about that?!?! 

The Japanese government has to print money like its nothing, just to keep the Yen from getting any stronger?!

Just how bad is the US$??????

Just for other potential happenings...

The EU was formed agreed to and signed in February 1986, went it to effect in July 1987... Coincidence? Kill the US$ so that the Euro could be competitive?

Just rambling; but dang if it doesn't look interesing...

Apr 12, 2016 - 12:42pm
Apr 12, 2016 - 12:52pm



Apr 12, 2016 - 1:02pm

DB puts

I sold Mar 15 puts and bought Apr 16 puts to cover. The Mar puts expired at $0 for a profit but since I was going on a Caribbean cruise I filed an order to sell the Apr puts at 0.60. They sold Apr 5 giving me a small loss but had I been more available I guess I would have got a much better price and small profit Apr 7. My small loss was only 2X commission.

Now I'm considering how and when to play again the potential DB collapse.

Angry Chef
Apr 12, 2016 - 1:04pm

Apr 12, 2016 - 1:06pm

And in a stunning development...

Apr 12, 2016 - 1:21pm

Sylvia trying to bust loose

This would help gold, too:

Apr 12, 2016 - 1:25pm
Apr 12, 2016 - 1:28pm



Apr 12, 2016 - 1:31pm

Works for me!

But I only have 6,000 shares. Wish I had 60,000 or 600,000...

Apr 12, 2016 - 1:36pm

Comex session clips $1 from price

The Never, Ever, Ever, Ever Rule holds again. Not by much but it did hold.

Apr 12, 2016 - 1:39pm

As Craig would say...

Miners are kicking ass and taking names (again) today...

Apr 12, 2016 - 1:42pm


Has the beginnings of a new downtrend. We made a lower high before turning back south and now we are making new lows for the move that started in January. Miners also whipping some more ass today. This is all bullish A.F. of course.

Apr 12, 2016 - 1:51pm

Crude-ES algos

The switch has been flipped to reconnect today. Remember, The Central Planners only connect the ES algos to crude when the latter is going UP.

Apr 12, 2016 - 2:22pm

I think we are due for a pullback soon in miners

Of course, I could be way off base. The way things have gone this year, maybe I'm wrong and prices will keep rocketing higher. Hopefully I'm not wrong, because I just sold a bunch of covered calls again that expire Friday.

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