Cartel Batting 0.666

The Bankers have reached their target.

Tue, Apr 23, 2019 - 10:27am

Today's price slam marks the sixth day in the past nine where the price of Comex Digital Gold has been suddenly and deliberately slammed at/near 8:30 EDT. We wrote about this last week and, unfortunately, we have to write about it again today.

Here's the post from last Tuesday and the post we wrote for Sprott later that morning. You might go back and review both:

And now, with another slam today, that began just a few minutes behind "schedule" at 8:39 EDT, here's an updated chart of the past 10 days. These are 10-minute price and volume periods. If you look closely, you might notice a pattern...

And so here we are...finally at the target The Banks have pushed toward since the afternoon of the 1oth...shortly after the release of the March FOMC minutes. The only bright side? Every day for the past week we've mentioned what should be solid support near $1270 and we've already bounced from that level today. In fact, if we look even closer, any additional Cartel smashes SHOULD be gobbled up by stout support anywhere between $1260 and $1270. This is KEY support so EXPECT The Banks to try to break it. However, I expect it to hold. We'll just have to see who wins...

And, unfortunately, our charts and discussion yesterday regarding Comex silver sure rang true. In yesterday's podcast, we gave you the chart below and mentioned that today would be an important day as price was once again squared up against The Banks' trendline.

The only bright side this morning? We've been mentioning that the next line of support would be $14.70 and that's almost precisely where today's slam bottomed.

So now we wait to see what happens next...though the most likely outcome is that The Banks will use that trendline to smash price all the way back down the $14.30 before it finally breaks and ends.

(THEM: Technical analysis is useless in a manipulated market.

ME: TFMR's "Manipulation Analysis" is helpful precisely because these markets are manipulated.)

And finally, there's a lot of Apologist talk today about gold dumping only after the POSX began to rally. The first question you should ask is...Did the POSX spike the other five days at 8:30 EDT? As you can see below, of the six days where CDG has been smashed at 8:30 EDT, only the 10th and today have seen significant POSX spikes at the same time...and the 10th was BEFORE the FOMC and the spike was simply a reaction to the release of the March CPI that morning.

But, whatever. With the POSX back at the critical 97.70 level, what happens next is far more important than what happened ten days ago.

OK, as I close, I've got $1270 and $14.76. Let's watch to see what happens next and then get back together for a podcast summary later today.


About the Author

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Apr 24, 2019 - 8:30pm


What has changed in the MERS system since 2008? Anyone have info/link for us?

Apr 24, 2019 - 9:36am


You heard about Bank Bail-Ins after the Cyprus test program of bailing in of off shore deposits of the Russian Oligarchs.

Shortly after that, various sovereign governments redefined bank deposits as property of banks so that if crisis hit again like 2008 they could steal customer deposits rather than rely on bailouts.

This was another form of Transfer of Wealth, but this form of theft directly impacted individual citizens as opposed to printing money obligating future tax revenues.

And yes...the US Congress did pass legislation redefining bank deposits as bank property.

As a result, the last place you want to place your savings is a Wall Street Bank...then a Federal Bank...then a State Bank...then a Credit Union...

That leaves a hole in your back yard or a mattress...but, then there are your neighbors.

Just another way in which our elites are attempting to reestablish a Feudal society. Therefore, we remain concerned about governments acting as Fascist States, Dictatorships or Kingdoms.

Edit: Also the MERS system in real property to circumvent real property filings in your local court house... lack of stock certificates for equity investments.

Apr 24, 2019 - 12:56am

Suggest you take a look at

Suggest you take a look at these two gold coins ...

(1.) $20 Saint-Gaudens Gold Double Eagle MS-64 PCGS (Random Year)

  • Designed by Augustus Saint-Gaudens and minted from 1907-1933.

(2.) $20 Liberty Gold Double Eagle MS-62 PCGS (Random Year)

  • Designed by James B. Longacre and minted from 1850-1907.

The premiums will increase as well as the gold prices.

Apr 23, 2019 - 11:29pm

Word's Gettin' Around....Prepare For Bank Failure....

Discussion of what would happen...

"Subsidiaries (domestic and foreign) carrying out critical activities would be kept open and operating, thereby limiting contagion effects. Such a resolution strategy would ensure market discipline and maintain financial stability without cost to taxpayers.

Title II of the Dodd-Frank Act provides the FDIC with new powers to resolve SIFIs [systemically important financial institutions] by establishing the orderly liquidation authority (OLA). Under the OLA, the FDIC may be appointed receiver for any U.S. financial company that meets specified criteria, including being in default or in danger of default, and whose resolution under the U.S. Bankruptcy Code (or other relevant insolvency process) would likely create systemic instability

.[In the US]

Title II requires that the losses of any financial company placed into receivership will not be borne by taxpayers, but by common and preferred stockholders, debt holders, and other unsecured creditors, and that management responsible for the condition of the financial company will be replaced...

So... if a large bank fails in the US, the FDIC steps in and takes over, replacing management, and works to shrink the bank by writing-down liabilities and converting debt into equity.

In other words...any liability at the bank is in danger of being written-down should the bank fail. And guess what? Deposits are considered liabilities according to US Banking Law and depositors are creditors."

Who's gonna thunk it?

Come to thunk about it....I thunk I read somun' like this on about a FEW YEARS AGO...When was that, anyway?

Apr 23, 2019 - 10:39pm

Political Theories

We used to have a Constitution and Regulatory Agencies. We don’t need any more disruptions or smoke screens. We need enforcement of Criminal Statutes even if you only believe in Disney World.

Fraud is theft is criminal, and it doesn't matter if you are rich or poor or too big to fail or too side tracked to demand an end to corruption.

All Presidents need to be given 6 weeks to appoint an Attorney General to initiate investigations into Treasury, Justice, the Senate, the Fed and Congress to see why the Fed and ESF have not been audited as well as Ft Knox and leasing records of gold. Also to be investigated are all Regulatory Agencies including Consumer Protection to determine who has directed the nullification of their powers.

Any President failing to initiate these investigations will be impeached within 3 months and a special election called. This will continue until corrective action taken, Grand Juries ordered and indictments flow without any restriction. Indictment will depend on violations of the law without protection of Executive Order or Internal Policy. There will be no Presidential Pardons for those that plead guilty or found guilt by a jury of peers.

However, all appeal options are available that all criminals are guaranteed.

Apr 23, 2019 - 9:14pm


"I don’t like anything fascist or dictatorish." I'm with you 100% on that!

How is this for hubris:

I've tried downloading the Mueller report as a .pdf. No luck. Can you help me out with that? I really want a copy of my own that I can search, annotate, and highlight, and >keep<, not just read on-line.

That debate, by the way, will provide some interesting and much needed, imho, alternative left wing commentary from a journalistic perspective.

Apr 23, 2019 - 5:55pm


I have not read the 2019 SS report. However, I have a few views. We have been collecting SS checks for about 10 years. We paid into the system for almost 50 years, back in the beginning, very little to pay.

The way to get your fair share is to get healthy. You know, do the things that we do not want to do. Stop smoking, drinking, druging, stop fast fooding, no Mountain Dew or pop, walking daily, loosing weight, getting off of all medications, etc. This is how to win the SS battle. I plan to live until at least 100. (I could die tomorrow).

Next: If they can print fiat bucks, expand the QE programs forever, send trillions in foreign aid, and have money to invade countless nations, they will fire up the presses to fund SS. If the SS checks ever stop, your grandma will be moving into your basement and the homeless will look much worse than Seattle.

Apr 23, 2019 - 4:59pm


I don’t like anything fascist or dictatorish. If I have to listen to that stuff, then you have to suffer through reading about a democratic republic.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Apr 23, 2019 - 4:42pm

JNUG hit its Fibber McGee number Maybe 65

So I stuck my COT into some shares

Pray for me

Hope I didn't screw the pooch---again.

Please please please let's see a reverse tomorrow and Thursday. I need some JNUG joy

If you really want to shit the bed all you Dole Geezers need to read the Social Security 2019 Annual report

It that doesn't scare the peewadden out of you nothing will

As for you millennials YOU GET NOTHING!!!

We old fucks are going to spend it all

All of it I say

And all of Medicare.

Dont mean to be an asshole about all this. It's just the way it is We paid in and we want it back with interest

Problem is the C You Next Thursday types who want theirs when they get to age 67 are going to get third prize at the Glengarry Glen Ross reunion. I got the Cadillac. Canary got the steak knives. RickshawETF got the coffee cuz he's a closer.

It's going to get even worse for the people on public pensions CAL PERS and other state plans. Oy Vey That is going to be a shreklekh

Apr 23, 2019 - 4:37pm

To each his own

...but I buy bullion as cheaply as possible. I like well-known bullion coins and bars just so that they are recognizable when/if I need to sell them. I've never purchased anything collectable.

If confiscation actually becomes a problem, we will be in a world of hurt. Governments are known to change the rules to best suit themselves, so I wouldn't try to guess what the government would or wouldn't do in that scenario.

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