Platinum and palladium are doing better than gold today.
PM stocks are a worry to me also. Their leverage is not supposed to work this way.

Usually for mining stocks, when there is heavy short selling, especially naked shorting, it usually originates in Canada, not the U.S.
I have been looking at volume data on the TSX and this is not originating in Canada as far as I can tell. That makes me curious!

On February 12, 2014 at 12:48 am,
spud runner says: (Edit)

“WICKED DEBT FRAUD” The one and ONLY answer to the debt problem is to declare it null and void because of FRAUD! It is fraud because it is mathematically impossible to repay ! It can not be repaid because the interest is never created on the loan and that is fraud ! And fraud voids all ! If we don’t void all out of thin air debt the bankers will own almost EVERYTHING ! And we will be homeless slaves ! They have a license to counterfeit ! Can I counterfeit the money to repay the loan ? Why not ? If we even attempt to repay a impossible debt (the national debt) all we do is show our ignorance ! The way to fix this mess is so simple a 3rd grader can figure it out ! We void the fraudulent debt! and everyone keeps ALL the items they have so called debt on ! And then we start to use a debt free currency and / or gold and silver ! And then we will have a robust economy like never before — OR WE LET THE BANKERS STEAL EVERYTHING !
I was in about the third grade when the news was talking about the national debt and I asked my dad who do we owe money to and who could possibly be richer than the United States? and where did they get the money? And then my dad took a gulp off his beer and said we owe it to our self ! I said that’s the dumbest thing I ever heard of ! that’s like me borrowing from my right pocket and setting fire to the interest and putting the rest in my left pocket ! This was about 1972 ! But Dad was wrong! We owe it to international Bankers running the biggest Ponzi scheme on earth called The Federal reserve system! And yes it really is this simple ! The bankers have a shoe in on ALL loans they make ! All they have to do is stop lending and then start foreclosing on ALL debts!-meaning they now own everything that has a debt by having a license to counterfeit ! So we” 1″ keep getting fleeced by continuing to pay this fraudulent scheme ! OR” 2 “we declare ALL out of thin air debt NULL AND VOID because of FRAUD ! And we keep everything we have so called debt on! MOST people don’t get this part Every car, boat, house, machine, tool, farm,ect. has already been paid for by the fraudulent paper! So no one looses ! WE sure as hell cant give it to the banksters! (let them steal it) AND IT DOESENT MATTER IF YOU WANT TO REDUCE THE DEBT 99% ITS STILL UNPAYABLE! So when we void the FRAUD This will be the ultimate FRESH start for everyone ! Share this if you want THE solution to the WORLDS problems! If not everything will continue to get worse until we have HONEST DEBT FREE MONEY /and GOLD AND SILVER ! And there is plenty of gold and silver! just Divide the paper money (FRN) by the gold /silver and you have the value of them! NO MATTER WHAT IT COMES TO per OZ ! Then we would be happy to work for SAY A ONE OZ. SILVER COIN A day ! Because a one OZ. silver coin ( REAL MONEY ) will buy what $100 – $200 did before the reset! THINK ABOUT IT! This is what Scripture calls the jubilee ! “WICKED” Debt And the amount and size of the debt has nothing to do with it being mathematically impossible to pay This fraud is so “WICKED” that even a $10 loan is a Ponzi scheme here’s how it works ! I’m the new banks first customer ( CHUMP ) I borrow $10 @ 1% interest I now owe the bank $10.10 but ALL the money in the world is $10 the .10 cents doesn’t exist so some one else has to borrow some so called money and I have to find a way to get .10 cents from them so I can repay my loan ! Now say they borrowed $10 also now I somehow get .10 cents from them to pay my loan back ! But now he is short .20 cents to pay his loan ! so now you can see how a $100,000. house that will cost you $ 265,000 to pay off because you have to pay $165,000 in interest is a GIGANTIC PONZI SCHEME ! Now multiply that by millions of people in the U.S. and you can see how It turned into the monster debt we see today ! And for the loans that do get repaid multiple people have to default on there loans for you to pay off your loan ! NOW you can understand why we have a rapidly growing homeless problem ! Now that is a WICKED debt money system that we must declare Void !
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Manipulation, I get it.He who has the money always has the advantage.The entities of the government are suppose to be for the benefit of the public.The question is which ones. When the U S Treasury Plunge protection intervenes,who is really benefiting and why is there no transparency?

Spud, how many times are you going to repeat?

Oh oh. Canaccord Genuity did a financing for Santacruz Silver. Canaccord was a name bounced around with naked shorting. Maybe they are jumping to the long side and staying, I don’t know. I hold several thousand SCZ shares.

The miners are giving a warning sign today. With gold up there is no reason for miners to experience profit taking today. I locked in profits on all my metal positions this afternoon just in case this turns out to be a warning sign of the same significance as what happened on Sept. 3.
Hopefully this just means gold is going to dip down into it’s half cycle low and then recover. But I’m not going to take any chances if we are about to get raped again.
I’ll wait till the miners recover and make a higher high before going back in.

I shorted with dust yesterday and today and then got out as gold just did not fall enough as I would have expected at 1295.

Thanks for the clarification on your views on manipulation Gary. You too, Al. I happen to agree with both of you. There have always been bigger fish eating the guppies and the You can use it to your advantage if you understand the agenda though. Gold was a charm. They wanted it dead so playing along was tremendously profitable for those who could see it. Anyway……just wanted to say I appreciated that your views were sober and realistic on the subject of how strength plays a role in trading. Hell, I don’t even call it manipulation. It is a fact of life.