Obvious market intervention log thread

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Obvious market intervention log thread

Postby Pixel8r » Tue Mar 06, 2012 3:37 pm

Here's a list gathered together of all those that have reported on the market intervention that went on last wednesday;

COMEX we have a problem

On Wednesday in the space of minutes, gold fell by 5% and silver by 6.4% on the COMEX. A growing chorus of managers and market analysts are suggesting the market pummelling was more than just volatility:

  1. Spokesman for CIBC World Markets: http://www.goldalert.com/2012/02/large- ... hits-1708/
  2. Caesar Bryan, 25 year veteran Gabelli Gold Fund manager: http://kingworldnews.com/kingworldnews/ ... Flags.html
  3. Hugo Salinas Price, president of the Mexican Civic Association for Silver: http://kingworldnews.com/kingworldnews/ ... _Gold.html
  4. Ross Norman, Sharps Pixley, London: http://www.sharpspixley.com/comment/gol ... ers/108251
  5. William O’Neill, a partner at Logic Advisors in Upper Saddle River, New Jersey on Bloomberg: http://www.bloomberg.com/news/2012-02-2 ... mulus.html "and it almost seemed as if Bernanke was trying to take the steam out of the commodity market.”
  6. JS Kim, http://www.theundergroundinvestor.com/2 ... er-report/
    Single 31 tonne sale on the CME: http://www.zerohedge.com/news/asia-buys ... g-bernanke’s-testimony
  7. Sprott Asset Management's John Embry: http://kingworldnews.com/kingworldnews/ ... Spike.html
  8. Jim Sinclair described it as an Intervention: http://www.jsmineset.com/2012/02/29/tod ... l-in-gold/
  9. What reason to liquidate a big position?: http://jessescrossroadscafe.blogspot.co ... arket.html
  10. Resource Investor: "no reason to justify massive selloff": http://www.blogger.com/goog_154617741re ... sco?ref=hp
  11. 225,000,000oz dumped in minutes?: http://jessescrossroadscafe.blogspot.co ... ilver.html
  12. Fascinating charts of the event: http://www.321gold.com/editorials/nicho ... 30212.html
  13. Gold fell more than $60 in minutes and can be manipulated on COMEX by big forward paper sales: http://www.mineweb.com/mineweb/view/min ... pid=110649
  14. Plunge in gold was entirely a manipulation of the paper futures: http://www.kingworldnews.com/kingworldn ... eyerz.html
  15. Manipulation plain and simple: http://www.kitco.com/ind/Bevan/20120305.html
  16. Thirty-one tonne sell order: http://www.moneyweb.co.za/mw/view/mw/en ... 009+Detail
  17. Who sold millions of ounces of silver?: http://www.youtube.com/watch?v=YU_a5VHU ... r_embedded
  18. James Turk - Intervention out of desperation: http://kingworldnews.com/kingworldnews/ ... ation.html
  19. Andrew McGuire, silver whistleblower - massive paper contracts hitting the market on no real news: http://www.kingworldnews.com/kingworldn ... guire.html
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Re: Obvious market intervention log thread

Postby fexx » Wed Mar 07, 2012 11:59 am

Pixel8r wrote:Here's a list gathered together of all those that have reported on the market intervention that went on last wednesday


Great post, Pix - perhaps it would be worthwhile starting a thread on PM market manipulations?

I don't recall seeing one on this site and documenting any quotes/evidence/links to any activities that look suspiciously like takedowns (perhaps in a cult members only forum ;) ) might be interesting?
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Re: Obvious market intervention log thread

Postby Pixel8r » Wed Mar 07, 2012 12:29 pm

fexx wrote:
Pixel8r wrote:Here's a list gathered together of all those that have reported on the market intervention that went on last wednesday


Great post, Pix - perhaps it would be worthwhile starting a thread on PM market manipulations?

I don't recall seeing one on this site and documenting any quotes/evidence/links to any activities that look suspiciously like takedowns (perhaps in a cult members only forum ;) ) might be interesting?

I didn't compile the list, found it on a blog site and thought it was interesting seeing who many are now recognising the very obvious manipulation. I guess as time goes on this will filter through to the MSM more.
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Re: Obvious market intervention log thread

Postby fexx » Wed Mar 07, 2012 1:08 pm

Pixel8r wrote:I didn't compile the list, found it on a blog site and thought it was interesting seeing who many are now recognising the very obvious manipulation. I guess as time goes on this will filter through to the MSM more.


Still could be worth logging really obvious smackdowns (ie this one) for reference.
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Re: Obvious market intervention log thread

Postby Pixel8r » Wed Mar 07, 2012 1:17 pm

Ok I will start a thread and move these posts to it. :)
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Re: Obvious market intervention log thread

Postby Stun Lee and Win » Mon Oct 08, 2012 10:05 am » Google Chrome 21.0.118 Google Chrome 21.0.118  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

Thanks to Fexx for finding this thread. I am resurrecting the thread to store evidence of apparent precious metal smackdowns, prompted by the following article reporting the disappearance of a smackdown from the Kitco historic charts.

http://www.silverdoctors.com/kitco-eras ... lver-raid/

I have attached the chart of live price data from a trading feed at the same time. Personally, as the price fall came at the same time as the non farm employment data, I do not think this is convincing evidence of malpractice.
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Re: Obvious market intervention log thread

Postby Stun Lee and Win » Mon Oct 08, 2012 10:08 am » Google Chrome 21.0.118 Google Chrome 21.0.118  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

This however is much more suspicious. Coming in at the middle of the night in Europe and on a day when the Japanese markets were closed and with no news released, silver suddenly falls half a dollar in a minute on massive volume.
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Re: Obvious market intervention log thread

Postby Stun Lee and Win » Mon Oct 08, 2012 10:12 am » Google Chrome 21.0.118 Google Chrome 21.0.118  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

And here is another one from a couple of weeks ago, nearly 50 cents within a minute.

Despite me being able to find these examples within a few minutes, it will prove impossible for the regulators to find any evidence after four years of investigation.
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Re: Obvious market intervention log thread

Postby Pixel8r » Mon Oct 08, 2012 10:52 am » Safari 6.0.1 Safari 6.0.1  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

Here is one in silver from 2008 :wtf:

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Re: Obvious market intervention log thread

Postby fexx » Mon Nov 12, 2012 11:49 am » Unknown Unknown  Unknown Unknown  Screen Resolution: 1600 x 900 1600 x 900

"Whump."

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Re: Obvious market intervention log thread

Postby Stun Lee and Win » Wed Nov 28, 2012 1:44 pm » Google Chrome 23.0.127 Google Chrome 23.0.127  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

A blatant one today at 1.19pm British Time. A fall from 1735.36 to a low of 1710.13 within a minute on my charts. Here is Zerohedge on it.

http://www.zerohedge.com/news/2012-11-2 ... -sell-gold
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Re: Obvious market intervention log thread

Postby Pixel8r » Wed Nov 28, 2012 2:08 pm » Safari 6.0.2 Safari 6.0.2  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

Stun Lee and Win wrote:A blatant one today at 1.19pm British Time. A fall from 1735.36 to a low of 1710.13 within a minute on my charts. Here is Zerohedge on it.

http://www.zerohedge.com/news/2012-11-2 ... -sell-gold

Wow 772,800 ounces of gold sold in one minute, I make that around 13.3 billion dollars worth. :!:

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Re: Obvious market intervention log thread

Postby Pixel8r » Thu Nov 29, 2012 2:50 pm » Safari 6.0.2 Safari 6.0.2  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

Profit taking, fat finger or take-down? – gold crashes again

Big 24 tonne gold futures sales designed to put the frighteners on gold investment but may just be providing opportunities for those with a more long term outlook.

Author: Lawrence Williams Posted: Wednesday , 28 Nov 2012 LONDON (MINEWEB)

Reports of a massive 24 tonne sale of gold futures at precisely 8.20 am New York Time this morning just ahead of market opening there, saw a drifting gold price fall off a cliff with a $26 drop in a couple of minutes and a further downwards slip thereafter. If profit taking, offloading that kind of quantity of gold at one shot seems a strange way of doing so – or inept as Ross Norman of Sharps Pixley puts it. The fat finger possibility (keyboard error), which has been used to explain similar falls in the past when gold looks to be beginning to regain its lustre, seems, as ever, unlikely and we are left with the intentional take-down of the gold price by persons or institutions unknown as seemingly the most likely answer to what has happened.

We have seen this happen in silver and in gold from time to time – talk about ammunition for those who suggest the gold price is being suppressed or manipulated by Central Banks and allied bullion banks. There seems to be little other logical explanation for this kind of activity. It could even turn long term suppression-deniers into GATA adherents – and believe me, if you do start trending towards this viewpoint, the few and far between GATA–organised conferences are much more fun and interesting than the mainstream gold ones, even if some of the views expressed by audience members (and the odd speaker) may stretch credulity in the other direction...


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Re: Obvious market intervention log thread

Postby fexx » Thu Nov 29, 2012 2:51 pm » Safari 5.0.6 Safari 5.0.6  Mac OS X Mac OS X  Screen Resolution: 1600 x 900 1600 x 900

Wow, I didn't see that one coming!

13.3 billion to shift the price down by less than 1.5%???
The Cartel is finished isn't it?
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Re: Obvious market intervention log thread

Postby fexx » Fri Nov 30, 2012 12:30 pm » Safari 5.0.6 Safari 5.0.6  Mac OS X Mac OS X  Screen Resolution: 1600 x 900 1600 x 900

fexx wrote:The Cartel is finished isn't it?

Déjà vu.

I'm sure this chart has been on here before, but it's worth mentioning again on this thread.

The intraday average over the last 16 years. Says it all.

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From an article on manipulation by Dimitri Speck here
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Re: Obvious market intervention log thread

Postby Stun Lee and Win » Fri Nov 30, 2012 4:06 pm » Google Chrome 23.0.127 Google Chrome 23.0.127  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

Looks like we have just had another smaller one, around 10 dollars taken off in 2 minutes at 3.40 to 3.41pm today British time. Suspicious looking at the very least and with no market data out at the time.
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Re: Obvious market intervention log thread

Postby Stun Lee and Win » Tue Dec 04, 2012 8:16 am » Google Chrome 23.0.127 Google Chrome 23.0.127  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

So that is the third in the last five days. Another medium sized one here with a fall of 11.3 in 1 minute at 5.47am British time. Non-farm employment on Friday would look to be a good time for a big smashdown.
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Re: Obvious market intervention log thread

Postby Stun Lee and Win » Sun Aug 25, 2013 10:50 am » Google Chrome 28.0.150 Google Chrome 28.0.150  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

As professional money managers, traders, investors, and the gold-buying public becomes more aware of the information presented here, one would think the Golden Ostrich would eventually become an endangered species, yet still they persist. Ironically, the Golden Ostrich often likes to claim the mantle of the “rationalist” in the debate, pooh-poohing assertions of manipulation as far-fetched conspiracies fed to the gullible by hucksters of the PM world. And yet which side are the rationalists here? Think about what one has to believe, and to disbelieve, in order to claim that manipulation is a fallacy


http://www.tfmetalsreport.com/blog/4970/golden-ostrich
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Re: Obvious market intervention log thread

Postby Pixel8r » Mon Nov 25, 2013 9:53 am » Safari 6.1 Safari 6.1  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

Some good evidence listed in these two articles.

Vol. 334 - Rigging the Gold Market

...Nowadays, the world's most powerful institutions are creating false pricing, to the upside and down, on virtually every major metal that is traded globally.

Before you deem this a conspiracy theory, just remember how some of the biggest banks in the world were exposed for manipulating the LIBOR rate (see past volume on LIBOR scandal by clicking here). If the most important interest rate in the world was manipulated, certainly commodity prices can be as well.

The commodity market, like it or not, is rigged. What was once real and accurate hard asset pricing, based on supply/demand fundamentals, is now clouded by manipulation, to an insane degree. Over the next several weeks, Pinnacle's Weekly Volume will explore the recent manipulations surrounding several different metals.

Gold has been beaten into submission in 2013. This week we are writing about the rigging of the gold market, and the recent shady activity surrounding the precious metal...



RIGGING THE GOLD MARKET -PART 2

November 20th should have been one of those mass buying spree days for gold... but it wasn't.

On the morning of November 20th, at precisely 6:26:40 GMT, 1500 GC (gold contracts) hit the futures market at the same time, triggering a *Stop Logic event on the CME. Similar mass sell orders occurred on October 11th, and once in September (which we documented in last weekend's volume).

A large sell order of this size essentially short-circuits the CME market. There is so much selling that there are no bids left to buy, no liquidity and it actually ceases trading for a period of time. This always results in a quick downward correction in price, as you can imagine. It triggers a ton of stop loss orders as well, which only adds to the mayhem. This recent cease trade lasted 20 seconds on November 20th and was another blatant, successful attempt to hammer the price of gold lower...
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Re: Obvious market intervention log thread

Postby Pixel8r » Thu Jan 16, 2014 7:48 pm » Safari 7.0.1 Safari 7.0.1  Mac OS X Mac OS X  Screen Resolution: 1680 x 1050 1680 x 1050

Metals, Currency Rigging Worse Than Libor, Bafin Chief Says

Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.

The allegations about the currency and precious metals markets are “particularly serious, because such reference values are based -- unlike Libor and Euribor -- typically on transactions in liquid markets and not on estimates of the banks,” Elke Koenig, the president of Bafin, said in a speech in Frankfurt today.

Koenig is the first global finance regulator to comment publicly on the investigations as probes into the London interbank offered rate, or Libor, expand into other benchmarks. Joaquin Almunia, the European Union’s antitrust chief, said yesterday that its preliminary probe into possible foreign-exchange manipulation covers similar practices as in the regulator’s probe into Libor-rigging.

Bonn-based Bafin said yesterday it is investigating currency trading, joining regulators in the U.K., U.S. and Switzerland, who are examining whether traders at the world’s largest banks colluded to manipulate the WM/Reuters rates, used by money managers to determine the value of holdings in different currencies...
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