CRIMEX FRAUD ALERT:
-gold front moth OI drops by 808 contracts, but ONLY 72 deliveries....this did not happen a year ago people. Once you start reading into this more, you see the cash manipulation, and why the crimex is broke, has no metal, and is the biggest financial fraud going right now.
-ZERO deposits to dealer, this is unreal, its gone full retard now there is no stopping this
-some jackass deposited 165,145 oz to the JPM vault...ARE YOU OUT OF YOUR FUCKING MIND? Thats like farting into your hand (aka a scubbie snack) and then smelling it (no correlation to the JPM vault) but you get my drift?
-OI from friday again uptrend continues to 144,923
-94,419 volume, and we wonder why we went from $42-40, LOL, dont you get it?
-ZERO deposits, just epic
-withdrawals are 652K, nuff said
SLV GLD nothing today. Nothing. Nothing silver at $42. Nothing. Nothing today. Okay got that point across I hope.
Well just another day in the books of Blythe. If you really read into Harvey's Reports, you can see cash settlements everywhere. These cash settlements starting appearing about 8-9 months ago. Albeit, to Kid Dynamite's surprise, that it was the smoke, and now its an all out fire. I will say it again, and again, and then when June rolls around and we have another 20 million ounces to be served within 5 days it will be there end of there road.
After talking with a friend of mine today we had conflicting ideas that had been rbought to us from other well to do fund managers. On one hand his fund manager (400 Bill) said the $US is fine, we will, quote "just monetize our way out of this."
I would like to first dissect this. If we are monetizing to get out of 'this,' that means something has to give...drumroll....the $US and this is coming from a guy that is regularly on CNBC (I'm not mentioning names).
My guy told me, "The $US is dead, Gold at $2000 is not out of the question by year end."
I guess this is what makes a market.
Onto options. It seems there was a story on ZH about some trader that made a million $ bet that SLV (NOT THE TRUE PRICE OF SILVER) would hit $25 by July. This, in my opinion, is a trader who is up over 10 million on the trade, and has been told to buy insurance with puts. You have to think, someone wrote those puts too, thus taking the other side of that trade. To be honest with you, I think its all charades...at this point they are trying to do anything to suppress the price. Remember one thing; Silver should already be over $100/oz in inflation adjusted figures.
With a huge raid in the Commods one would want to see the $US rally...it did not. So, one of these will rally again in the next 12 hrs. PM's or $US. You choose. I really dont care anymore. I just keep buying, and buying. Nothing has changed.
Those who are wondering about TINKA, the MACD has crossed, and big blocks were flashed on the ask. This is like the beginners guide to painting charts and moving stocks in the directions you want them. My buds are in to buy more in the mid .50, goldbless if it gets there.
CFTC meeting...I have been told some things. And this time I'm not going to repeat them. Just be in front of a TV. Have your stinkies in just in case. Buy the dip and while you are buying it if the $US is not rallying, you are money.
Overall. Nothing has changed. Nothing to worry about. Go watch American Idol or whatever 'get your mind off of paying bills and mortgage" shows are on tonight.
QUICK NEWS: You know how to thank me!
William Gross now shorting treasuries, Yeman, Egypt, Seria, etc etc still being shot to death, Level 7 Japan-holy fuck.