Tag Archives: Comex gold manipulation

Gold, Silver Action: The Criminals Are Still In Charge

Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy, , ,

Out with the old, in with the old.  Wall Street and  the Fed wants to make nice with Trump so as soon as he accepted the next Presidency, the market manipulators went to work on pushing stocks higher and gold lower.

What happened with the threat issued by the media that if Trump were elected the stock market would crash?  Yesterday Stanley Drunkenmiller issued a proclamation that he sold gold because inflation was coming.  I do not believe that I have EVER come across any reference to the notion that gold in inversely correlated with inflation.  Someone must’ve slipped Drunkenmiller some LSD in his scotch.  But, then again, Drunkenmiller is part of the Soros family, which means he’s the enemy of the people and the truth.

The economic thesis connected to Trump is infrastructure spending and inflation generation.   The insanely overvalued, over leveraged “infrastructure” stocks like Caterpiller and Terex screamed higher the last few days.    But if Trump has his way with his economic ideas, corporate taxes will be cut and the Government will re-do the work Obama did on the infrastructure.   Bridges to nowhere funded by more Government debt.

I’m sure most market participants with at least two brain cells to rub together – which de facto would exclude Larry Kudlow from this human demographic – have figured out that Trump’s game-plan would widen out the Federal spending deficit and further accelerate the issuance of more Treasury debt.  It is likely that the Fed will have to monetize some of this new debt issuance.  This is the perfect recipe for higher gold and silver prices.

What is occurring right now in the markets  is nothing more than a knee-jerk response by the hedge fund algos to the overt intervention by the PPT (the Fed + the Working Group on Financial Markets).  The PPT steps in to get stock and precious metals futures moving in opposite directions and the hedge fund black box computers pile in.

The massive take-down in gold is designed to make everyone feel better about Trump as the new president.  But the price-smashing can only occur in the fraudulent paper gold markets in NY and London.   Drunkenmiller is a fan, not surprisingly, of GLD – the quintessential postcard for fraudulent paper gold derivatives.

Today gold traded flat to up in the physical gold clearing eastern hemisphere markets.  It wasn’t until the Comex opened that the real party for the criminal manipulators began.  At one point, from 11:30 to noon EST 48,239 paper gold contracts were dumped on the Comex:

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48,239 contracts represents 4.8 million ozs of paper gold – over 150 tons.  Close to $6 billion worth of paper gold in 30 minutes.  From 11:30 to the 1:30 Comex close EST, a little over  103,000 contracts were sold, representing  10.3 million ounces of paper gold, or 321.8 tons.  The U.S. produces about 200 tons annually.    Make no mistake, it is no coincidence that this hit on the price gold was gold timed to occur on a Friday holiday after the rest of the world had shut down their trading systems and went home for the weekend.  This is standard modus operandi for the criminals running our system.

The Comex vaults are reporting a little over 2 million ounces available for delivery.  If an imbalance between the futures and the underlying available physical commodity were this wide in any other CME market, the Government regulators would be cracking down on it immediately, no questions asked.  Why is gold different?  The gold and silver markets are the most manipulated markets in the world and the same people doing the manipulation will kept in place under Trump.

The good news is that the physical accumulation going on in the eastern hemisphere will accelerate next week with the lower price of gold.  This always occurs.  This will be the catalyst that will put a floor under the ability of the western elitists to push gold much lower.

I personally bought some physical gold this morning via Bitgold and reloaded some call options on some high quality large cap mining stocks and added to positions in my existing junior mining stock portfolio.  The subscribers to my Mining Stock Journal were given my gameplan last night, including some names of other high quality mining stocks that have been beaten up and are overdue for big bounce.

Does The Attack On Gold Signal An Imminent Bank Collapse

Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy, , ,

Since August, the gold price managers – aka “the gold cartel” – have been regularly dumping a lot of paper gold onto the Comex when the Comex floor opens at 8:20 a.m. EST. It’s been their standard operating procedure for the better part of the last 15 years.  The fact that the world’s largest gold buyer – China – is closed all week for a holiday observance takes away the biggest physical market bid for five trading days, making it easier to smash down the price of gold using fraudulent fiat paper gold.

It’s hard to ignore that the events in the financial and economic system unfolding now are not unlike the events that occurred prior to the 2008 “great financial collapse,” which was a de facto western banking system collapse.  The U.S. and European economies are contracting, the housing market is beginning to crumble (see this – link – for instance), the auto market is headed south as auto loan defaults are headed north and it would appear that the middle class consumer is out of disposable income.  There are plenty of other factors that make this time around much worse than 2008, but we’ll save discussion of those for another day.

It’s also hard to ignore “quacking” coming from Deutsche Bank.  It would appear that DB is on the ropes financially.  The incessantly repetitive denials of any problems coming from Central Bankers and the DB upper brass  make the “quacking” even harder to ignore.  If it looks, sounds and operates like a collapsing bank…well, it’s probably a collapsing bank.

There’s no doubt that the recent take-down of gold and silver  – especially today’s – is inextricably connected to some sort of financial system disaster brewing.  In today’s Shadow of Truth, we discuss the massive hit put on gold and reasons why it’s likely an operation implemented to prevent gold from alerting the public that a potentially catastrophic financial hurricane is swirling around “offshore.”  After all, it is hurricane season:

This email from one of Dave’s Mining Stock Journal subscribers is yet another indication that something ugly is unfolding with Deutsche Bank:

I have a very good friend who has been a financial market professional for almost 40 years. He’s very knowledgeable about the monetary system and the general state of the world economy. Last week, he was in Europe on business. His trip ended in Brussels, so he flew home from there on Saturday (this past weekend). He has zillions of frequent flyer miles, so he always travels in First Class. As he flew home this past Saturday, he noticed that there were a bunch of people in his section, and they were travelling as a group. Based on conversations he could overhear, it seemed that they were heading to the US for some sort of an emergency meeting about Deutsche Bank. One woman connected with the group approached my friend (under the mistaken impression that he was part of the group). She started to thank him for being able to get free on such short notice to attend the meeting. She didn’t say where the meeting was going to be held, but she did briefly mention the name of the group with which she mistakenly thought my friend was travelling. Unfortunately, he can’t recall the name, but it sounded like it had something to do with the EU. My friend let her rattle on for about 45 seconds before he politely informed her that he was not part of the group. The lady turned beet-red and clammed up immediately!

The Fed Is Desperate To Keep Gold From Exploding Higher

Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy, , ,

The Federal Reserve’s “invisible hand” in the markets is no longer “invisible.”  It’s become obvious to most market participants that the Fed is working hard to keep the stock market from collapsing and the price of gold below $1300.  But why?

The price of gold moved up $15 overnight from the time the Asian markets opened until the Comex gold pit opened.  Shortly after the Comex paper gold market trading was underway, an avalanche of paper contracts was dumped onto the Comex – both the electronic trading system and the floor.  This is what it looked like (click to enlarge):

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Gold’s path looks like Niagra Falls in the graph above because shortly after the Comex opened this morning because “someone” decided to dump over 55,000 contracts onto the Comex.  55k contracts translates into 5.5 million ounce of theoretical gold.

“Theoretical” because it’s only in theory that the Comex has 5.5 million ounces of gold to deliver.   Currently the Comex is reporting a little over 697k ounces that are available to be delivered into the paper gold contracts that the banks print up and dump on the market.  The Comex vaults are showing a little over 7 million ounces in total in the vaults.  This is highly theoretical because most of the gold is accounted for the big bullion banks.  I use “accounted for” loosely because there is no mechanism in place to hold the banks accountable for what they are reporting.

In other words, the amount of “physical”  gold reported by the Comex is likely nothing more than a “suggestion.”

Untitled2 In the graph to the left (click to enlarge) there’s been a definitive trading pattern that doesn’t take Einstein’s eyes and brain to see. For the last three trading days, gold has moved higher prior to the opening of the Comex floor in NYC only to be price-smashed with a deluge of paper contracts representing little more that theoretical gold.

But I prefer the real thing. I actually welcome these price hits because it enables me to move theoretical electronic currency from my bank account into a bona fide gold currency in a BITGOLD account. When gold moves higher, my net worth will be the beneficiary of the Fed’s market interventions. I look at it as grabbing my share of the Untitled1 (2)wealth being transferred by the Fed/Government from the besotted middle class to those who know what’s going on.

Of course, the more interesting question begs to know the real reasons the Fed is compelled to make its market intervention activities so blatant.  One look at the economic reports being released from non-Government sources and the condition of the U.S. Government’s balance sheet readily answers that question…