When they’re trading 1.5 billion oz. of silver each day in London, the ‘silver’ fix each day is a complete sham. Now the fix has been found to be openly manipulated, it will be interesting to see what happens with the London silver market. – David Jensen, “Silver: Is It The LBMA’s Greatest Rig?”
Strange things are happening in the global financial markets. Most likely evidence of a massive systemic earthquake starting to shake. As many of you know, the LBMA price fix “fixed” the a.m. price of silver 84 cents below the front-month futures price right before the price was “fixed.” This graph to the right shows how the criminal activity went down (click to enlarge).
I awoke this morning and had an email from Bill “Midas” Murphy asking me if the $13.98 low print shown on Kitco was correct. I responded that it looked like there were some “low hanging” stop loss orders that were attacked in an attempt to get the price of silver down. This was before I had learned of the crime committed on the LBMA.
I would love to have an explanation from the committee in charge of overseeing the LBMA fix. The fact that paper silver bounced back almost immediately is evidence that the a.m. fix was a fraudulent act in its entirety. But for what purpose? The price fix is supposed to be the price that balances out the amount of physical silver bars being offered for sale and bid to purchase during morning trading.
The entities selling silver on Thursday morning didn’t just get their faces ripped off, they had their entire head decapitated. These are the entities who should be pressing for investigation. It’s money out of their pocket or their clients’ pockets.
This was my final comment to Bill on this matter: The insider elite are laughing at everyone spending so many calories and so much energy reporting, discussing, analyzing and agonizing over the paper vs. physical issue. Meanwhile the biggest theft in history is taking place right under our nose as they pluck every ounce of physical gold and silver out of the system from the idiots and the idiotic mining companies who are willing to sell it at the paper price levels. The biggest wealth transfer mechanism is the Central and bullion banks. The banking system has been ripping us off in every aspect of our lives for decades. Why on EARTH would anyone question or doubt that they’re ripping us off in the precious metals market? Seriously. Everyone in their heart of hearts knows that gold/silver are the ultimate root of any monetary system. Why would the banks rip us off using paper currency schemes and not touch the metal? For God sakes, the metal is what they’re ultimately after. That’s why the first thing any military does when they take over a country is it takes the gold. The most recent proof of this Ukraine. That practice goes back to at least the Romans.
Someone sent me an excerpt from Ted Butler’s “news” letter in which he rationalized away the reason why the registered gold vault account at the Comex was so low now. Bill, I seriously think he was on LSD when he dreamed that one up.
I guess what’s most troubling about the above incident is the blatancy with which the LBMA crooks implemented their crime. They made no attempt whatsoever to cover up the crime scene. It’s almost like they’re taunting us.
This brings me to the issue of AMZN’s trading today. AMZN stock ran up $52, or 8.9% ahead of its quarterly earnings to be released right after the NYSE close on extraordinary volume of 14 million shares – 2.4x more than its 10-day average daily volume. After the market closed, AMZN’s stock plunged as much at $95 from the close on a disappointing report. It closed out the after-hours session down $85.
I bring this up because there is no question in my mind that the stock was likely run up by one of the hedge funds with a big position in the stock (or possibly two or three in collusion). The purpose of this would be to generate a frenzy of buy activity into which the hedge fund could unload a chunk of stock. This also implies that one (or more) of the big funds was given a “heads up” from inside AMZN about the nature of the report.
The reason I am convinced this is what happened is because I was part of a junk bond trading operation in which this occurred all the time. Back then we had to be more careful because laws were actually somewhat enforced, sometimes with vigor. But if I had a big position in say, Trump Casino bonds, occasionally I would get a tap on the shoulder from one of the Trump bankers in corporate finance who would whisper, “uh, I don’t like your Trump position.”
In present times, the laws and regulations designed to prevent/discourage insider trading are rarely, if ever, enforced. Insider information sharing is almost as blatant as the London silver price fix today. Of course, I have zero sympathy for any of the idiots who chased the stock higher today. Anyone who goes near that stock without doing extensive analytic work will get what they deserve. Some of these big hedge funds who have massive AMZN positions are eventually going to get impaled on their holdings (or at least the pensions they manage money for will). Here’s an example of one of the retail trading oriented dopes who was giddy about AMZN stock before it reported – Timothy Collins of TheStreet.com’s Real Money: I’m Bullish On AMZN Ahead Of Earnings. Nice trade, Tim.
Speaking of AMZN’s numbers, I will hopefully get around to updating my AMAZON dot CON report with the latest information sometime in the next 5-7 days. If you have already purchased the report, please email for the update. If you have not yet purchased the report but have thought about it, I am going to raise the price again (it takes a lot of time and energy to work on this Company’s numbers) once the full research report is published with the update.
Today’s after hours action was just the start of the AMZN bubble deflation process. I don’t know what path it will take, but I know that AMZN’s stock will eventually fall from the $550 after hours close today to below $100. To be sure, there will be periods of time when the stock moves up sharply because Jeff Bezos is the king of highly misleading stock promotion and there’s plenty of idiots out there who lap up his drool with blind greed. My stock report will help you understand why AMZN is one of the world’s greatest Ponzi schemes.
“Someone sent me an excerpt from Ted Butler’s “news” letter in which he rationalized away the reason why the registered gold vault account at the Comex was so low now”.
Could it be TPTB are getting to Ted? When you irritate, poke, prod, and expose the most powerful people in the world, bad things have happened to such people.
Or maybe Ted is becoming like my elderly mother. Just want to be at peace these days.