Okay, onto CFTC news since there is ZERO manipulation in the PM's or anything. After confirming this with others in the circle, as expected, Bart will come forward. Unfortunately, I hope hes got his ACR, and concealed carry ready as this is going to be a shit show if this is true. I have been holding this back like a milf in heat, but something struck Harvey today, and he spilled the beans, "The watchdog CFTC
were no where to be seen. The only commissioner who is angry at the situation is Bart Chilton. If the CFTC does not give him position limits, Bart will deliver his statement on the obvious manipulation and deceit by the bankers by the third week of September."
The Comex Gold volume today was 410,233. Nothing to see here.
And the Silver Comex today:
Withdrawals from Dealers Inventory ZERO
Withdrawals fromCustomer Inventory ZERO
Deposits to theDealer Inventory ZERO
Deposits to the Customer Inventory ZERO
Nothing to see here. Moving on.
If you were a Swiss citizen last night and held physical gold, it would have been worth $1,497.00. Upon open, that gold would be worth: 1,620.00 for a 10% gain.
Moving on nothing to see here.
In other non bullish gold news the Romanian central bank is now aggressively trying to acquire more than 100 tons of gold.
Moving on nothing to see here.
I will be buying the dip on ANYTHING near $40-$41 if its comes although $41.50 should provide the support to make a trade. The days are getting very numbered. For those of you who have not yet purchased physical metals, this should be a decent spot for you to start accumulating. Within the next 2 weeks, whether it be tomorrow or after the Fed QE3, I will be putting all my eggs in one basket(highly suggest you DO NOT DO THIS), and will be taking a substantial silver trade(still contemplating a massive gold trade too). By massive I mean a 20-25% portfolio trade. The time is nearing for the $50 test, and $75 break. Buy the red days, sell the green days. Turn that paper into phyzz.
Also, if you haven't nibbled at Tinka (TK.V or TKRFF) the .48-.52 base seems to be the point at which the bets are placed. We should be hearing of SOME drills soon.
What do you mean sell the green days? I thought we were accumulating...tia for clarification...
ReplyDeletemy guess is the chances are very high for this bart fellow to have a criminal scandal like DSK or that he will, no foul play suspected, fall from a fifth story balcony and his wife will randomly no foul play suspected at the same hour in a different building "fall from a fifth story balcony" from what we've seen the syndicate is bold
ReplyDeleteI do kinda got to agree. Get the metal why you still have the chance.
ReplyDeleteDailyJobCuts Site
what is the vessel for the massive silver trade? Options on SLV, AGQ SLW? Just curious. I am aware that most option trades result in 100% loss
ReplyDeleteThanks! Cant wait for the new site bitchez!
http://www.youtube.com/user/MrSuperpotatotomato#p/c/2C772648773FAA3B/0/bZaOEu_NBeU
ReplyDeleteCoast To Coast AM - 5.9.2011
Global Turmoil: In the first half of Monday's show, author and researcher Steve Quayle offered commentary on current events and global turmoil. There are many disruptive earth changes all converging this month such as volcanoes, earthquakes, h...
Must hear!!
"What do you mean sell the green days?"
ReplyDeleteWe buy weakness and sell strength. Not physical Im talking any paper trades.
If you cant succumb to this strategy you will never make good trades and will be 'stopped' out. As the new site develops I will make video explaining these strategies that will save you thousands.
Thanks so much sgs...I was thinking you meant the phyz. Getting into gdxj here soon. Look at gdx chart.
ReplyDeletehttp://www.youtube.com/watch?v=OGk2qmDmvT8
ReplyDeleteWhy are we still putting faith in Bart Chilton?
ReplyDeleteHe was going to be doing something to stop manipulation for over a year now every couple of weeks to several months I have heard how he was going to put a stop to it, but it never materializes.
I really am tired of holding out hope that some white knight in shining armor is going to come riding in on the 11th Hour & rescue the longs & holders of physical. I do not believe it until I see it & even if it happens to what affect?
We have seen the push for Palestinian statehood, but an excellent article posed the question to what affect, what if that happens will actually change, Israel is already in violation of over 100+ UN resolutions, what is another one, ten, thousand? Will the US veto from its seat in the security council every sanction & military action against Israel?
So I ask the same about Bart Chilton, even if he does, which I doubt, to what affect? Will there be prosecutions? Will there be forced liquidation? Will the US Government will the full force & support of the USAF really bow down to the admission of 1 CFTC chairmen and allow God knows how many banks & financial institutions up to & including the BIS go under due to exposure on Silver Contract Derivatives?
I may sound jaded, I may sound cynical, I may sound hopeless-BUT I have been burned enough times talking about the immenient collapse of the CME & the moon shoot of silver to cling onto this hope & promise.
I will hold my physical & watch & wait. We will see, but I will not be disappointed should it be a non-event because that is how I see it from the get go.
Whether he spills the beans, I do not give a daisy if he does because I will still be holding my physical & adding to it as finances allow. If he does not I will still be holding my physical & adding to it as finances allow. Either way I have my physical & that is all that I can count on, the clink & plink of stacking them.
When I hear that plink I know it is real-it does not require hope or faith or fulfillment on another's part because I took my life & my destiny into my own hands. I did not rely on another, so I can succeed as I allow myself & fail as I allow myself-my success-my failure is dependent 100% on myself in this respect-I guess that is a part of what it means to be a rugged individualist, to not rely or count on or TRUST anyone else.
I suggest we take heart in what we can hold in our hands & hear in our own ears the sound of that plink, plink, plink stacking tall.
In the stocks i've invested in there are no red days. Maybe one followed by 6 green days. Obviously you are buying the wrong stock.
ReplyDeleteOK I will say it only once and never again. The biggest torque over the past few weeks is on the majors and you ain't seen nothing yet. The mid tiers are on the run as well and the juniors will eventually follow.
If you own big positions in G ABX ELD KAM YRI IMG you like me have done very very well. I also highly recommend CEF.A
KAM and TK are steals.
Now if you only have just a few dollars you can still make those investments but have missed 20% of the torque already.
Or you can listen to the daily crap and fuck around trying to sniff out a buck like 95% of the people who follow this blog.
I also own a lot of gold maples.
There it is in a nutshell.
The dicksmacks at the CTFC answer to their real bosses at JPM, HSBC and Goldmint Sacks not to the fucking jackleg peons like us...
ReplyDeleteAC_Doctor
@Malcolm
ReplyDeleteEarth changes, full moons turning people into f'ing idiots everywhere... I don't know if anyone noticed today but there were 2 big solar flares M and X class. The X class can knock out satellites, internet etc.
Bart Chilton, haven't we been down this road once before 6 mos ago with the CFTC meeting cancelled? I'd love to see an honest man come forward but aren't the forces of greed far superior? I thought JPM and HSBC were grandfathered/exempt? Other than "for the record" and trying to avoid serious jail time when the bankster all go on trial at the Hague this may be just a smoke screen to save his bacon with yet again nothing accomplished. Hope I'm wrong!
clive maund, who in my estimation is very very good and maybe 75-80% of the time right on the ball just posted that there will very likely be a large intermediate correction in gold and silver as a second effect of a dollar rally underway. What do all of you think of this?
ReplyDeleteI'm with deters on this one. I've had it with people saying "Here it comes...BUCKLE UP! Wheeeee!" for the last 10 months, let alone the last 10 years (for those who saw the light back then).
ReplyDeleteDid you see how Citigroup's COO stepped in to take over S&P? As long as the music is playing these guys DON'T LOSE, and when it does stop they'll probably make out like bandits then too. The roulette wheel is spinning - place your bets, see what hits. Going nuts every time the marble takes a bounce is pointless.
@Commodity World News,
ReplyDeleteI keep hearing that there is a correction coming but it just doesnt make any sense, given the seasonality and current economic stiuation. I mean who will do all the selling and who will stop buying? I'm not sell and Im looking for deals.
This comment has been removed by the author.
ReplyDeletethere are less counterparties for technical fund trades that are about to commence, due to restrictions on overnight trades in the big commercial market makers. this seemed to be the gist of the guys article. This will cause liquidity drying up and big fast moves to the upside and the downside
ReplyDeletethe technical fund sell trades may be about to commence because of the technical signals clive is showing us, which were manipulated into being...anndd I'm spent.
ReplyDeleteMalcolm, are you aware of what the Swiss just did to the Franc? Educate yourself first and you won't be asking people who have no clue for answers.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteThanks SGS.
ReplyDeletehttp://www.youtube.com/watch?v=HgzGwKwLmgM
@ Got it Right,
ReplyDeleteI case you unaware, the CHF was considered the last safe haven outside of PM's gold in particular. No having in essence peg the Franc to the Euro this has removed the safe haven the the Franc provided, because the now have to print more Francs. I suggest you read before you preach to me.. An furthermore when the SNB announced that gold shot up 10% dominated in Francs!
Commodity World News,
ReplyDeleteYou said that article was over at Harveys?
No problem Malcolm, just trying to help you. Knock yourself out.
ReplyDeleteNo problem no offense taken:
ReplyDeleteHere a similar article on Ag. I dont invest based of charts, just fundamentals. I'll keep a cash around just in case.
http://www.financialsense.com/contributors/cris-sheridan/2011/09/06/data-suggests-silver-correction-ahead
@malcolm european banks need dollars to unwind energy trades which are all done in dollars, and for interbank lending. Among european corporate treasuries and individuals, there will be less interest in franc denominated bank accounts, and more in USD. Maund says a dollar rally and commodity crash is at hand worse than 2008, but I don't think he believes gold and silver will hold up any better than in 08, (I disagree)
ReplyDelete@malcolm the liquidity article was at the bottom of tonight's harvey, and I wish you could see the clive maund article, I have a subscription, he is absolutely firm in the dollar rally silver crash scenario
ReplyDelete@Commodity World News,
ReplyDeleteI'll head back over to Harveys and read it! Thanks!
@malcolm i'll send u the clive maund article copy if you email me at commodityworldnews@gmail.com
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteFUCK CHILTON. He won't do a fucking thing, ever. Wake the fuck up SGS.
ReplyDeletePete: LOL, I was waiting for you...LOL I knew it!
ReplyDeleteWhoa. Did anyone just see that spike down and spike back up in silver just now? It was down to 41.33 I saw and in a matter of minutes 41.74 again. Wow. World wide demand for silver fell 2% in the last 45 minutes, then people changed their minds. We live in a fickle world, what can I say?
ReplyDeleteYou think they will let Bart start the waterfall decline of western civilization? I'll believe it when i see it. I'm sure Bart will fall on his sword or something as he is stepping up to the podium...
ReplyDelete@865, yeah I noticed that too. Figured the bots were running amok and needed to be reeled in.
ReplyDeleteThat's right folks, Chilton REALLY MEANS IT this time! Remember all the hype about a Comex default back in March? What a surprise, it didn't happen. Or in May. Or July. And it won't now in September. All these people calling for an explosive move to the upside and the final, long-awaited breakout any second now. Why?
ReplyDeleteWas it John Embry who said weeks ago that once we retook $38, we'd be "back up to $45 in a heartbeat"? Several million heartbeats later I'm seeing $41.33 and the same bullshit manipulation. What I don't see is a stampede of bulls taking us ANYWHERE NEAR even the old highs of April, let alone the laughable notion of "triple digits".
Until the sheep wake up and realise that G&S are the only safe haven, not USTs, not the dollar, we are stuck in this bullshit $35-45 range forever.