A Lesson In Suppression

51
Thu, Apr 12, 2018 - 10:36am

If Comex digital metal prices were back down today solely upon easing war fears, I think we'd all be relieved and fine with it. But when you realize that yesterday's "market" action was simply just the latest act of The Criminal Banks, you might feel otherwise.

Again, we've written about this a million times and if you haven't yet listened to yesterday's podcast, you should do so right now. Check the charts, too. Note the amount of volume it took to move price up during Comex hours versus the amount of volume needed to maneuver it back lower on the Globex. You might also go back rand reread the seminal piece on price manipulation through open interest, written about a year ago: https://www.tfmetalsreport.com/blog/8252/econ-101-silver-market-manipula...

So, in the end, it's just another chapter in the sordid history of Bank price manipulation and suppression. Well, not even a chapter, really...just a footnote, instead, as this has all taken place in just two days. Price was ramped on heavy volume yesterday, only to be shoved back to Tuesday's level on light volume. See below:

And what is the primary tool The Banks use to accomplish this? Their untethered ability to create from thin air as many new Comex gold contracts as necessary, literally at a moment's notice. In this latest example, The Banks created a whopping 32,161 contracts on Wednesday. This increased the total OI by nearly 6.5% and it represented 3,216,100 ounces of digital gold or almost precisely 100 metric tonnes!

ONE HUNDRED METRIC TONNES!

And please don't fall for The Apologist Shill bullshit of how this is hedging for mining companies. Do you really think that some mining CEOs had left standing orders with The Bullion Banks to immediately sell forward a year's worth of production on any sudden, war-related spike in price? Give me a break! But this is what The Apologists and Shills want you to believe!

So now today, with war fears slightly easing and the dollar rising, the price of Comex digital gold is rapidly falling. I have a last of $1342, which is a full $27 or 2% off of its highs of yesterday morning. As The Specs unload the digital gold exposure that they just bought yesterday, The Banks gleefully buy back and cover the shorts that they just created. And you'll surely see this in the open interest report tomorrow where, no doubt, total Comex gold open interest will fall backward by at least half of what was created yesterday.

It's a scam! It's a fraud! And it's all plain to see except by those who are either willfully blind or supporting an agenda.

TF

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  51 Comments

lakemike49
Apr 12, 2018 - 10:44am

first

i will rerpeat what ss121 said, wake me up when silver is at 25.00

lakemike

chrtoo
Apr 12, 2018 - 10:51am

Silver!

A coveted position for a post like this one!

Thanks Craig for doing the heavy lifting.

CHR.

hpatel71
Apr 12, 2018 - 11:07am

I'm new here, how do we trade

I'm new here, how do we trade this? I am aware of all the fraud on all markets and quite frankly have become agnostic to it. What I do want to learn is how to spot the fraud and prevent myself from getting burned by it or learning to trade it. Thank you

canary
Apr 12, 2018 - 11:13am

I wonder....

Is it possible for the cartel to wash the gold COT (makes specs to liquidate longs) on the price of gold range-bound...by creating daily up and down movement for few weeks?

Edit....the 200 MA for gold should move higher in few weeks...and that would do it.

billhilly
Apr 12, 2018 - 11:27am

Welcome Hitesh !

The first place to look if you are a trader are the "trading forums". There are a few that are active and you might pan some nuggets over there. Go to the top of the page and tap the "forums" tab and then hit the "traders" tab.

You might also find some tidbits on these main pages too.

Best o' luck !

joeblack
Apr 12, 2018 - 11:29am
AGXIIK
Apr 12, 2018 - 11:34am

Silver can't hold $16.60

Snow White is still a virgin.

Dopey's an epic fail on that score.

Maybe we should queue up Bashful.

He hasn't been laid in 10 years.

When markets are priced to perfection gold and silver are perfectly manipulated Gotta give that crew a hat tip if, for no other reason, that they got their game wired to perfection. If nothing else, the price of gold ans silver are still a stacker's delight

NUGTCALL
Apr 12, 2018 - 11:47am

The banks will control the market until

they decide it is no longer is feasible, which if they can do forever they will . AND NOBODY knows if or when that is. It’s sad that some who have the money and/or influence are cowards to get into a fight that they 100% are in the right but don’t have the will or courage to fight.

Thomas More
Apr 12, 2018 - 11:52am

Choices

Markets are stuck in a sort of limbo situation. They can't get enough traction going to break out in stocks - even with a considerable amount of help with gold manipulation/suppression which is not cascading down either. Lesson: learn to like the market you have - maybe the other choices aren't so hot either?

Bonne soirée

joeblack
Apr 12, 2018 - 11:57am

Major Evidence Syrian Chemical Attack Staged by US-backed Terror

Major Evidence Syrian Chemical Attack Staged by US-backed Terrorists

https://archive.is/pYxDA

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Key Economic Events Week of 10/14

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Key Economic Events Week of 9/9

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Key Economic Events Week of 9/3

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Key Economic Events Week of 8/19

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