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Gold Manipulation now Making it to Mainstream Media
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Thread: Gold Manipulation now Making it to Mainstream Media

  1. #1
    Join Date
    Nov 2008
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    Silverville
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    Default Gold Manipulation now Making it to Mainstream Media

    http://www.zerohedge.com/news/todays...instream-press

    Today's $1.24 Billion Targeted Gold Slam Down Makes The Mainstream Press
    Submitted by Tyler Durden on 04/30/2012

    "For the first time in what may be ages, a phenomenon that has become near and dear to anyone who trades gold, and which at best elicits a casual smirk from those who observe it several times daily, we find that the WSJ has finally picked up on the topic of the endless daily gold slam down....."
    Gold still aint got nothin on silver when it comes to getting slammed!

    In truth, the only slamming done should be that of prison cell doors swinging shut for life on banksters, government cronies & regulators, etc. -- and that's for the lucky ones.
    All original wealth comes out of the ground.

  2. #2
    Join Date
    Jun 2008
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    Default

    I continue to believe the "real" action is going on behind the scenes.
    This charade is strictly for mass consumption and for the most part it works {for them}. For a while anyways.
    We continue to accumulate real metal {and other "real" things} and surely others continue to quietly acquire in the same manner.
    So many things are getting too big and too obvious to hide. The casinos are shutting down some of the exits already.

  3. #3
    Join Date
    Jan 2010
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    California
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    Default

    The "Powers" are so blunt they are not trying to hide anymore...It is stupid and one must feel almost sorry for those guys executing losing trades just to make their bosses happy...

    I wonder how can anyone with even minor experience in markets doubt the manipulation story anymore.

    I would not call it manipulation, because "manipulations" are done for monetary gain or profit , this is pure price caping in order to camouflage the world fiat monetary mess....

    God bless those idiots, giving people like us still time to load up the real goods at fire sale prices .....

  4. #4
    Join Date
    Nov 2008
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    Default

    OH NOoosss!!! The Dreaded 'Fat Finger' Strikes Again!

    http://traderdannorcini.blogspot.ca/...contracts.html

    One Minute Chart of Gold - 7,501 contracts
    Posted by Trader Dan

    All original wealth comes out of the ground.

  5. #5
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    Default

    FAT FINGER IN SILVER TOO?
    Posted by Trader Dan on Monday, April 30, 2012

    "Traders continue to chatter about the so-called "FAT FINGER" trade in gold that occurred early this morning, a trade which dropped the gold price $15 in minutes and consisted of an order of 7,500 contracts. Many seem to agree that it was a trade placed in error.

    The problem is that we also witnessed a similar surge in the volume done in the nearby silver pit at the exact same moment. Note the time right after the 5:00 AM hour (Pacific time) on the following 5 minute chart and see how large the volume was compared to that for the remainder of the session.

    No matter who did the trade, ( I remain of the opinion that this was a raid designed to knock the metal lower in hopes of creating a cascading running of downside sell stops), the fact is that it failed miserably. Besides, if it was a "FAT FINGER" ( a trade placed in error) how did the same fat finger knock silver down so sharply? Was that too a simple "error".

    Note how both metals recovered the losses and...."
    Read more --->http://traderdannorcini.blogspot.ca/...ilver-too.html
    All original wealth comes out of the ground.

  6. #6
    Join Date
    Aug 2009
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    624

    Default

    I'm waiting for Matthew Shelley aka Officer Barbrady to say "Nothing to see here.... move along now"
    Legal Disclaimer: All posts by the person known here as tom1000000 are not to be relied upon for any reason and may be totally incorrect. All rights reserved.

  7. #7
    Join Date
    Aug 2011
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    103

    Default

    Quote Originally Posted by tom1000000 View Post
    I'm waiting for Matthew Shelley aka Officer Barbrady to say "Nothing to see here.... move along now"
    You need new material.

  8. #8
    Join Date
    Dec 2009
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    Chicago
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    Default

    Well, it certainly makes sense to me. The "evil manipulators", who know all and see all, were stupid enough to spill 7500 contracts on a terribly thin and quiet market in a matter of seconds when there weren't enough people on the other side to soak up the volume. Thus causing it to drop quite dramatically in price in a heartbeat. Then, when the market caught up and reacted to the idiotic mistake and drove it right back up, they had to get out of all of those bad trades and take their losses while the "sainted" Gold buyers rightly taught them their lesson.

    Of course, when it is announced that the person responsible for the fat finger trade is fired, the "manipulators" will just be doing that as a show , rather than holding some dolt's feet to the fire for doing something incredibly dumb, putting them at risk, and losing them a lot of money.

    Quite definitely, the wild a** conspiracy story is the one you should go with. That's the one that makes the most sense.

  9. #9
    Join Date
    Jan 2010
    Location
    California
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    Default

    Matthew, you are getting it finally....

    It is not about gain/profit anymore in PM's market and the agenda is to keep the prices from going bananas at any cost...

    I've been saying for a while now,. that the goal is not to keep PM down forever, that would be impossible task even for FED and other CB, but to keep the rise slow and prevent parabolic move which as we know would lure in moms & pops and ultimately create another genuine bubble...

    The time will come, but we are years from that...

    Gold $ 3,500- 4,500.00
    Silver $ 120 - 300.00

    That would get me cautious, I would still not call it bubble based on the money supply, but it would get me little nervous...

    I'll probably sell some at that prices, just to get my initial investments back....

    Anyway, I am glad you see it too... They do anything it takes, even losing trades, the agenda is not monetary gain anymore, just camouflage the monetary insanity....

    Stay the course....

  10. #10
    Join Date
    Aug 2009
    Posts
    624

    Default

    Shelley,

    You never replied to the post where it was pointed out BIS openly advertised their "gold intervention": http://forums.silverseek.com/showthr...rket-is-rigged

    I guess you can't make up stupid excuses for that piece of evidence.

    Also you haven't read the article - or maybe you could provide an explanation of the following:
    1) Silver also had a "fat finger" trade at almost the same time. Maybe the fat finger is really clumsy?
    2) According to the WSJ: "The collateral required to purchase 7,500 contracts is about $75.9 million in cash that the trader would have deposited with his broker.". So who has a spare $75 million lying around?

    Shelley, your credibility has to be questioned.
    Last edited by tom1000000; 1st May 2012 at 18:08.
    Legal Disclaimer: All posts by the person known here as tom1000000 are not to be relied upon for any reason and may be totally incorrect. All rights reserved.

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