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gkoogk

gold and silver smashed down again

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Yes - there has been massive officially orchestrated sales of paper gold and silver. We saw a 17000 contract sale of gold futures earlier today, that is about 53 tonnes.  In silver 530 tonnes were flushed out. There was heavy selling last week to get price below the sweet spot for the BIS options and then they kept it going. JP Morgan came out with a short recommendation yesterday to add to the official selling. That means they will be going long behind the scenes. As speculators sell there must be someone buying on the other side and it will be the banks. Speculator HFT programmes are piling in and the recommendation by JPM was probably b/c the selling was drying up and the banks want more long contracts.

At the same time as this paper pantomime the Indians and Chinese are vacuuming up physical like it was going out of fashion. The banks are swapping out their short positions for long and driving down price is usually b/c there is bad news coming up. Non Farm Payroll is this Friday. Chances are the numbers are poor. The lower gold is the less likely it is going to breach critical stop levels when it goes up in response and so cost the criminal central banking cartel money. These banks can be long in one market and appear short in another so it fools most of the dumb money. The banks are building long physical positions.

i hear the gold and silver backed crypto i have mentioned several times is very likely to release its white paper this week. I am led to believe it will have more impact that previously thought. We will see. The link up with the German stock exchange is given as next month so unless there is a mishap it will be launched then and there will be a deluge of physical buying hitting the markets in the run up.

Edited by sixgun

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37 minutes ago, sixgun said:

Yes - there has been massive officially orchestrated sales of paper gold and silver. We saw a 17000 contract sale of gold futures earlier today, that is about 53 tonnes.  In silver 530 tonnes were flushed out. There was heavy selling last week to get price below the sweet spot for the BIS options and then they kept it going. JP Morgan came out with a short recommendation yesterday to add to the official selling. That means they will be going long behind the scenes. As speculators sell there must be someone buying on the other side and it will be the banks. Speculator HFT programmes are piling in and the recommendation by JPM was probably b/c the selling was drying up and the banks want more long contracts.

At the same time as this paper pantomime the Indians and Chinese are vacuuming up physical like it was going out of fashion. The banks are swapping out their short positions for long and driving down price is usually b/c there is bad news coming up. Non Farm Payroll is this Friday. Chances are the numbers are poor. The lower gold is the less likely it is going to breach critical stop levels when it goes up in response and so cost the criminal central banking cartel money. These banks can be long in one market and appear short in another so it fools most of the dumb money. The banks are building long physical positions.

i hear the gold and silver backed crypto i have mentioned several times is very likely to release its white paper this week. I am led to believe it will have more impact that previously thought. We will see. The link up with the German stock exchange is given as next month so unless there is a mishap it will be launched then and there will be a deluge of physical buying hitting the markets in the run up.

Forgive my poor understanding :huh:

When you say banks are going long , what does that mean ? Theyre buying now to hold for a long while ? Thus keeping prices low ?

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Whenever a contract is sold (short) there is a buyer (long). 

A short benefits from price going down. They have sold gold on paper and aim to buy it back at a lower price. The long benefits from price going up. They have bought gold on paper and aim to sell it at higher prices.

We see gold cycling up and down in price. The banks aim to be as long as possible at the bottom of the market. So that as price rises the banks who are long will profit.

As price has been falling to the bottom, speculators have come into the market and sold gold (they don't have). On the other side of the deal are the banks buying. At the top of the market the banks aim to be as short as possible whilst everyone else is expecting higher prices and are long. The banks (swap dealers) swap out their short positions for longs as speculators throw in the towel as price falls. The aim is to squeeze profits out of speculators who do not have a deep pockets and do not work together like the banks do.

The massive sales used to smash price down are under the instructions of the Bank of International settlements and other Western central banks. They can get away with these transaction despite them breaking the trading rules. These sales at any price are designed to crash price. They are not for commercial reasons. No sane person would sell at any price. The price falls and speculators come into the continue the selling. As they sell the banks buy and so cover the shorts they built up on the way up. They aim to be in profit at the bottom and square/long and already to take price up again. These moves are aimed to demoralise the gold bulls by gold never seeming to get anywhere. 

In more recent years physical buying has ramped up and the amount of physical to cover this is running down. There was a recently publicised statement by David Morgan, that silver is not in deficit. This might suggest there is a surplus but there is anything but a surplus. Silver is counted that does not exist except on paper and silver is counted that has claims on it sometimes multiple claims and is not immediately available. He talked about above a billion ounce surplus but if someone came into the market on the buy for a billion ounces we would suddenly find the immediately deliverable silver need to fill such an order does not exist.

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5 minutes ago, sixgun said:

Whenever a contract is sold (short) there is a buyer (long). 

A short benefits from price going down. They have sold gold on paper and aim to buy it back at a lower price. The long benefits from price going up. They have bought gold on paper and aim to sell it at higher prices.

We see gold cycling up and down in price. The banks aim to be as long as possible at the bottom of the market. So that as price rises the banks who are long will profit.

As price has been falling to the bottom, speculators have come into the market and sold gold (they don't have). On the other side of the deal are the banks buying. At the top of the market the banks aim to be as short as possible whilst everyone else is expecting higher prices and are long. The banks (swap dealers) swap out their short positions for longs as speculators throw in the towel as price falls. The aim is to squeeze profits out of speculators who do not have a deep pockets and do not work together like the banks do.

The massive sales used to smash price down are under the instructions of the Bank of International settlements and other Western central banks. They can get away with these transaction despite them breaking the trading rules. These sales at any price are designed to crash price. They are not for commercial reasons. No sane person would sell at any price. The price falls and speculators come into the continue the selling. As they sell the banks buy and so cover the shorts they built up on the way up. They aim to be in profit at the bottom and square/long and already to take price up again. These moves are aimed to demoralise the gold bulls by gold never seeming to get anywhere. 

In more recent years physical buying has ramped up and the amount of physical to cover this is running down. There was a recently publicised statement by David Morgan, that silver is not in deficit. This might suggest there is a surplus but there is anything but a surplus. Silver is counted that does not exist except on paper and silver is counted that has claims on it sometimes multiple claims and is not immediately available. He talked about above a billion ounce surplus but if someone came into the market on the buy for a billion ounces we would suddenly find the immediately deliverable silver need to fill such an order does not exist.

Thank for that.

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20 hours ago, sixgun said:

He talked about above a billion ounce surplus but if someone came into the market on the buy for a billion ounces we would suddenly find the immediately deliverable silver need to fill such an order does not exist.

 

who would buy a billion ounces of physical silver?

putting this into perspective a years mine supply is

~1 billion ounces. he talks about silver coins held for

selling at a profit being ~ 1 billion ounces. much of

this physical supply will be available to be sold on.

are you saying that the silver coins people have bought

will not be sold on?

 

HH

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I thought that latest smack down was highly suspicious as usual. But another thought occurred to me. Has Trump's new anti-corruption executive order put an end to

the PM price fixing shenannigans? I would hope so. Any ill-gotten gains received from criminal ventures can be seized under this order.

PM prices usually drift down at the end of the year but that hasn't happened yet. Hopefully Trump will start draining the swamp

and go after the Clintons, Soros, Obama?,the PaedoPodestas, certain members of the FBI. It's a long fricking list.

 

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