The similarities between this time last year and right now
Today with Craig Hemke we focus on the upcoming FOMC meeting next week and the similarities between last year and currently. There is a different narrative right now thanks to the recent election and optimism for the US economy. The biggest question in my mind will be if the markets believe any of the forward guidance presented by the Fed.
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India silver price is US$18.75.
Gold in India is mostly not showing availability.
Calling Deep Purple Haze…are you out there? Lol, sorry, I couldn’t help myself.
funny.
Yep, about as funny as the totally fabricated HEH/Hot, Explosive, Historic Summer nonsense that Turd publicly admitted was fabricated.
Funny thing though is that the original post from him and the public sheepish admittal are missing from the sites archives.
Why might that be? H’mmm.
Just imagine though if someone actually saved them.
H’mmm again.
That’s an outright lie.
I’ve never responded to you Haze because you’re not worth my time. Yep, I’ve made a few bad calls over the years but they’ve all been made in good faith. In this case, you are outright fabricating and lying. Nothing has been deleted from my site. Not even the one link that you paste all over the internet in your pathetic trolling.
The “hot explosive summer” never happened because the CFTC buried the evidence and closed their investigation. You KNOW this to be true because you were an active supporter of the site back then. Should I publish all the fawning, fanboy emails you sent me back in the day before you came a simple, pathetic troll?
Don’t bother responding because I will never publicly address you again. This comment of yours today simply pushed me over the edge.
Move on and get a life. You’ll be a lot happier.
And to be absolutely clear…your assertion that nothing has ever been deleted from your site is a blatantly preposterous claim. Produce the first HEH article and your confession.
I know better and so do you. I’ve seen loads of comments (and a forum with 1.5 million views/30K comments) deleted from your site. You know this is fact and that you hope to get the benefit of the doubt but you’ve shot yourself in the foot so many times by running your mouth that you’ve blown off your toe’s of credibility.
But I suppose whining to Silver Doctors at various times and having my truthful public posts censored or deleted doesn’t count in your mind.
The fact is Craig that I’ve criticized many others online for their serial inaccurate predictions and not just yourself. But if you have a need to feel that this gives you some type of notoriety, adulation, vindication or validation then enjoy it while you still have an audience.
Thanks for the invite.
Interesting comment section today. Let the gaslighting begin.
I do agree it’s good to call the cheerleaders out on their bad calls (as long as it’s not in a totally generic, repetitive, disrespectful way, as one poster here likes to do). Many novices fall into the trap, no doubt, as I once did.
BTW, how do you do the cool icon?
If you Google search psychedelic jimi hendrix and click the images tab there’s a bunch of them. I found it there years ago.
Red Flag #27
Gaslighting: Blatantly denies their own evasive/deceptive/manipulative behavior and ignores evidence of it when confronted by it.
They will become angry if you attempt to disprove their delusion or deception with facts.
Facts or public comments that don’t pan out get attacked when brought up.
But how do you get ANY image other than the generic one to appear next to your name?
Gaslighting. I looked it up.
Popular with feminists it seems. Hmm….speaking in gross generalities, which gender does more underhanded manipulating of which? But that’s beside the point.
I can see how people could have a field day with this idea when trying to stake out the high ground in a dispute.
CASE CLOSED: The Fact of Bullion Bank Gold and Silver Price Manipulation
Thursday, December 8, 2016 at 1:31 pm
Back in April, the Cartel Shills and Apologists attempted to minimize the news that a settlement had been reached regarding a “nuisance lawsuit” alleging price rigging in gold and silver. As we told you at the time and on many occasions since, this case is instead quite significant and very important. The latest update on the case, released late yesterday, sheds more light upon what we’ve always known was taking place behind the scenes in the “free and fair precious metals markets”.
First, just another reminder of the two key points:
Proven at last..Been proven correct after 10 years..
Even Armstrong has acknowledged the clipping/manipulation that has always taken place. It’s called a “fix” for a reason.
The keywords here are clipping=manipulation and pretend analysis=fake analysis.
He’s never denied manipulation and nether has Trader Dan who referred to spreads like Armstrong does.
But you’d never know it by public comments by others that TD and Armstrong actually acknowledge manipulation based on their wealth of actual large scale trading experience vs. some guy on a blog with no large scale trading experience that’s trying to rally subscribers. Big difference.
The difference being that they both don’t use it as a crutch for every down move in the metals no matter what other fundamental reason might’ve occurred on any given day
..including the use of HFT to clip the market.
Did DB and others have an unfair advantage? Absolutely, and they were found liable and fined.
“Are the People being Manipulated by Those Claiming Manipulation?”
COMMENT: Marty, the goldbugs are out in force saying that the banks have admitted they manipulated silver. It is interesting how these people lack any understanding of the markets. Just give up. They deserve their own fate.
BD
REPLY: Yes, I know. It is rather pathetic. It demonstrates how ignorant they are about trading and the marketplace. The banks have been clipping people for decades (“manipulation”). The big institutional traders have been slow to realize that you cannot trade with someone who takes the other side of that trade and expect them to do this on an altruistic endeavor. This type of “manipulation” is by no means systemic to justify that they have been so dead wrong in their forecasting for decades.
This “manipulation” has always been present in every market. The dealers know where the stops are, and if they are within striking distance, they “manipulate” the market to execute them. The floor brokers routinely used to tell you where the stops were. Sometimes they were too close and could be taken out so the brokers went for them. Other times they could not reach them. Sure, you can call this “manipulation.”
However, that manipulation does not alter a trend. That is completely different from “manipulating” a bull market into a bear market. But hey, I agree. They deserve what they get.
They act as if the metals are unique and only they have been suppressed. NEGATIVE INTEREST RATES = DEFLATION. The disposable income of the elderly has collapsed. Sorry, where is the inflation coming from except in their dreams. The world is imploding.
I do agree. These people have been wrong and they want to blame everyone else in the world but themselves. They alone are right and the world is wrong.
They do deserve what they get for if they cannot learn the lesson that the FREE MARKET is everything connected, then they will be separated from their money every time. They are the fuel that drives the markets because the MAJORITY must always be wrong. They do not want to admit that, so they lie to themselves and say that the world is wrong and they alone are right. They are ignorant to the fact that we are in a commodity deflationary trend because China turned down and sharply reduced their buying. India put on all kinds of regulation to stop gold purchases. They ignore that as well. So yes, they deserve what they get if they cannot see the light.
Those who immediately claim the goldbugs are correct lack any trading experience whatsoever. Why are they even pretending to comment on the markets when they do not understand how they work? That would be no different than me trying to critique a brain surgeon. Come on. If you have never traded size, you are not qualified to comment. You obviously have never seen how banks move spreads to clip clients ALL THE TIME.
Why do you think many banks are ending their proprietary trading like TD Bank in Canada and Deutsche Bank? All banks who trade on a proprietary basis “manipulate” the market in this way by moving the spreads to clip clients. How do you think they made money? The goldbugs forget the fact that the banks were fined for putting out fake research in 2003 for the DOT.COM bubble. The SEC announced:
The “global settlement” concludes a joint investigation begun in April by regulators into the undue influence of investment banking interestson securities research at brokerage firms. The settlement will bring about balanced reform in the industry and bolster confidence in the integrity of equity research.
http://www.sec.gov_news_digest_12-20-2002 Research Plea
I absolutely know for a fact that some pretend analysts have been paid by the bankers to mislead people into buying so they could take the other side. Plain and simple. But as long as they tell people to “buy” the metals, they walk on water, even when WRONG, and people lose money. So let’s get real here. You are not an “analyst” if you ONLY forecast to buy. Sorry, that is a promoter, not an independent analyst.
If you have never traded size, then you cannot possibly understand how this type of “manipulation” has always existed, and to convert this into proof why the metals are not 30x higher is consumer fraud in my book. Where’s the proof? This is like a guy writing a book on how it “feels” to give birth. If you have not traded size, you cannot understand how this type of “manipulation” does not alter trend; it simply functions with the noise zone of a market (any market, since they do it to them all).
http://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/are-the-...
I think many here now feel vindicated from this news. These corrupt price manoeuvring techniques have been the talk between pm’s fans for many years. I fear though that this will have little if any effect on the overall gold and silver markets. Its almost as if illegal price rigging is now accepted as common practice within the financial world
The cat is out of the bag. It is no longer tin foil hat conspiracy theory. IT IS NOW FACT.
OOTB:
All financial markets are manipulated and always have been. Didn’t you know that?
Bob….
I know now for sure…… I use to have a little respect for markets being fair. Regulators doing a job they are compensated for. Government they were elected to do. The truth of manipulation being always is a little bazaar, but I have come to expect, but hard to believe just how corrupt ,lying ,unprofessional all have become. Trust but verify… RR… 😉
Btw…..always glad to hear from you.
There is absolutely nothing new in the news that DB manipulated the fix along with everyone else. That’s part and parcel of trading is understanding that basically the markets are rigged. If you build in the manipulation and front running that always goes on, commodities are more or less fair. If you want to see a rigged market, look at HFT. That’s totally illegal in every way and the SEC turns a blind eye because of the commissions. The economics of the world is all about corruption now and I think until we go back to a gold standard, it will remain that way.
But while suppression is manipulation, manipulation isn’t necessarily suppression. When the perma bulls are treating this latest “tax” on manipulation as suppression, it’s a giant clue that you are being conned. The banks were rigging in both directions, they don’t give a damn about the price of gold and silver.
Lots of chatter out there regarding DB’s manipulation settlement.
The absence of JPM’s involvement throughout all of this litigation is pretty glaring given the fact that there were certain bloggers who were obsessed on JPM being the center of their silver manipulation spiel.
Remember all the handwringing over….
JPM is massively short silver
JPM is going long silver
JPM is low on phyz silver
JPM is hoarding phyz silver
JPM is blah, blah, blah etc.
All of it was speculative and unknowable conjecture and in essence…FAKE ANALYSIS.
I can only imagine how some of those pumpers are going to try and spin this into some type of hopium to add to their kool-aid bowl of perpetual angst.
What’s your point, DPH?
Huge news about manipulation has just come out, contradicting all the scorn that has been heaped on the ‘conspiracy theorists’ (by folks like you?), so you go on the attack against the conspiracy theorists that JPM hasn’t been implicated??
Am I missing something?
You seem to be intentionally missing the point. And JPM may well yet be implicated.
Absolutely OOTB. I hope it changes the landscape of precious metals but with paper futures dumping, it feels like a losing battle… at least in the interim
OZ:
If you dump paper futures today, you have to buy them back. It’s a zero sum game with one buyer and one seller with every contract. The idea that dumping paper gold moves gold down but having to buy back exactly the same contracts does not is simply nonsense.
When the OI goes to records as price moves up, it’s the weak hands buying. When the OI goes down as price moves down, it’s the weak hands selling at the top. No magic, no suppression, just weak hands giving their money to strong hands. It’s always true.
PolyMet Reports Third Quarter Fiscal 2017 Results
December 8, 2016 – PolyMet Mining Corp. (POM) (PLM)
http://www.polymetmining.com/news/news-releases/polymet-reports-third-quarter-fiscal-2017-results/
Good insight Rob, cheers. When the price moves down a considerable amount like we witnessed post Trump election win, there often seems to be a massive sell of futures at the same time.
Im certainly not in the know of all theae finer details like your goodself. So im just trying to get a grasp on the whole process. Apparently this recent sell was in the order of $8 billion. I dont know whether that was confirmed but is it possible for weak hands to be in ownership of a single sell of that magnitude?
The SGE closed today with Gold $1201.82, Silver $18.47