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Richards 21:36

Posted by goldielocks @ 23:16 on September 19, 2019  

Authorized by the Fed.
I believe one of the things they’re playing is a old trick to unload to people who think they can make a quick buck but putting in multi orders starting low getting bigger then when lower are bought they drop the higher amounts. One of the tricks they play.

In a investigation while one trader is living with his parents for goodness sake: cahoots with our friends the Fed.

JPMorgan bought Bear Stearns in a marriage arranged by the U.S. Federal Reserve during the height of the financial crisis in 2008.
Already, people inside JPMorgan were using deceptive trading methods, prosecutors said. Their new colleagues brought new ones. In May, the same month the deal was completed, Smith executed the deceptive-layering technique, the indictment said.
The new style involved the layering of multiple deceptive orders at nine different prices in rapid succession that together were larger than the portion visible to other traders in the marketplace, known as “iceberg orders.” Prosecutors said this trading style “took hold of the precious metals desk” at JPMorgan and was adopted by Nowak and other conspirators.
The indictment lays out dozens of trades that prosecutors allege are just a tiny fraction of the the thousands of transactions the conspirators made as part of the scheme. The charges also pull from electronic chats between the traders that prosecutors allege serve as examples of the criminal purpose behind the deals.
In an electronic chat on Feb. 24, 2009, less than a year after Trunz arrived from Bear Stearns, he had the following conversation with a co-conspirator identified only as “CC-7” in the filing:
Trunz: so you know its gregg bidding up on the futures trying to get some off
https://www.americanbanker.com/articles/jpmorgan-inherited-spoof-method-from-bear-stearns-us-says

From. Murph tonite==

Posted by Richard640 @ 21:36 on September 19, 2019  

You know what they say about a market that doesn’t want to go down. In spite of repeated attempts to take the metals sub-$1500 and $18 they keep coming back. It still seems the buyers are every bit as resolute as the sellers. The most likely path is still to $1600/$21, and beyond, cartel hissy fits aside.

Connecting the dots

Bill,

Connecting the dots:

*Deutsche Bank implodes.
*Gold and silver begin their ascent and unusual activity.
*Treasury yields sink dramatically. *Global CB’s race to ZIRP/NIRP
*Crude oil explodes 20% higher in a single day.
*The Fed starts injecting near-daily $75b. bank loans via overnight repo.

Conclusion: There is big time systemic risk going on. Various cartel banks have suffered massive derivative losses and are being loaned funds to cover margin calls, along with covering losses. With overnight repo and QE backstopping them they effectively don’t ever have to cover margin calls, or suffer catastrophic losses. Insiders see this systemic risk and have been securing precious metals, or at least with derivatives what they THINK are precious metals. Ratcheting interest rates lower gives banksters more cushion. Everything else you hear is just pure MOPE. 

Yesterday’s gold and silver smash was proof positive that in spite of the DOJ/JPM investigation the cartel is still actively in the gold manipulation business. The DOJ going after JPM for spoofing precious metals is like sending building inspectors to Jeffrey Epstein’s properties to investigate building code violations while the heinous crimes were going on in plain sight right under their noses. The DOJ could NEVER investigate the systemic, and heinous gold/silver price suppression because as Chris Powell has documented JPM is authorized to do so by the government. 

James Mc

Alex Valdor @ 20:13

Posted by Captain Hook @ 20:20 on September 19, 2019  

You are so right.

Cheers

Cap’n Hook – re: your 10:55 this morning

Posted by Alex Valdor @ 20:13 on September 19, 2019  

You missed one major category in the first sentence … Ivory Tower Academics .
They are illogical , impractical ( no real world experience ) , and have huge egos .
They also wield undue influence in classroom settings warping the minds of those who are the future of civilization .

IPSO – Thanks for the reply

Posted by Alex Valdor @ 19:41 on September 19, 2019  

Maybe it was your handle here that gave me the idea that you were in law practice .

Can you imagine the consternation among the banksters if all of us , and all of the failed mining companies sued for damages ? I’ve been whipsawed so many times I’ve lost count .

Metals Guy 8:01

Posted by goldielocks @ 15:21 on September 19, 2019  

Alright so directly responsible 😡 Makes me sick what happened after the Shaw as a few radicals put them back in the Stone Age.

Last hour

Posted by Buygold @ 15:05 on September 19, 2019  

Looks like some sellers coming in.

Day could have been worse though…

USS CoinGuy

Posted by Buygold @ 15:00 on September 19, 2019  

Thanks for sharing. Kind of funny sarcasm as a hit at Captain Hook.

I don’t remember you as a disruptive personality but sometimes people change.

The mark of a man is his ability to admit when he’s wrong, you’ve thrown your hat in the ring with a bearish prognostication for pm’s. Maybe you’ll be proven right, time will tell.

If you’re wrong, which we all are from time to time, will you reappear to admit it?

I’m actually happy to have you posting here if we can make sense of your post and you treat others well.

Alex Valdor

Posted by ipso facto @ 14:43 on September 19, 2019  

I’m not a lawyer but a class action suit against JPM sounds like a great idea. Know your enemy!

Cheers

IPSO , you are a lawyer , I believe

Posted by Alex Valdor @ 14:33 on September 19, 2019  

What are the chances of success of a class action suit by investors in PM related instruments for damages , against the fraudulent actions of JPM et al ?
If the DOJ finds JPM guilty in the courts , can JPM strike a plea deal which protects them from civil suits for damages ?

Buygold @ 11:02

Posted by Captain Hook @ 11:14 on September 19, 2019  

We should get something like that when all the offside generalists panic into the sector. (they have gone to sleep on PM’s after years of conditioning)

The 30 year mean of overall asset allocation in PM’s is approximately 2.5%. Right now it’s about .5%. So at some point we should see a cycle develop including the knucklehead momentum chasers at the end. This will take at least 2 years.

And if it goes big, like in 1980, where the aggregate participation rate hit 8% in PM’s … do the math.

Cheers

Hey Captain

Posted by Buygold @ 11:02 on September 19, 2019  

End of the month isn’t bad. After waiting as long as we have a couple of weeks will seem like a breeze. 🙂

I’m hoping we get the big 79-80′ type run up this time around.

 

The Bankers Situation, Long Story Short

Posted by Mr.Copper @ 10:55 on September 19, 2019  

Democrats (woman and girly men) are a’holes. Unfortunately they out number the practical smart people, 75% to 25% and were the dominant force since the 1960s. Until their various stupid ideas caught up to them and the whole global system crashed in 2008. Everything changed after that.

What led to 2008? Before 2008? Year 2000 Y2K, the March 2000 Dot com bust, the following recession, and then 9/11/01 during that recession, actually threw the bankers off stride.

Forced to lower rates and give house loans with no money down. To avoid terrorists getting satisfaction for crashing our economy. So the crash was delayed to 2008. And they are having problems ever since.

Buygold @ 9:38

Posted by Captain Hook @ 10:26 on September 19, 2019  

I know it’s aggravating…no?

PM’s should be flying but because stocks are up … who the hell needs gold.

Don’t worry….that will change soon enough…before month end.

Cheers

Pretty darn funny … D’oh!

Posted by ipso facto @ 10:25 on September 19, 2019  

trudeau

https://www.zerohedge.com/geopolitical/shocking-yearbook-photo-shows-canadian-pm-justin-trudeau-wearing-brownface

Knows his stuff

Posted by ipso facto @ 10:15 on September 19, 2019  

Mining’s Bootstrapper

Chester Millar is the founder of several multi-billion-dollar gold producers including Glamis Gold (bought by Goldcorp), Alamos Gold and Eldorado Gold. He was inducted into the Canadian Mining Hall of Fame in 2008. The 88 year old mine developer credits luck, experience and a simple strategy for his success.

https://ceo.ca/@tommy/mining-legend-chester-millars-formula-for-success

Morning Maddog

Posted by Buygold @ 10:05 on September 19, 2019  

As you say, Hi fives for the scum on a job well done.

It appears the shares are sniffing out that pm’s are going pretty much nowhere today, especially the silver shares.

Too bad. We have the wind at our back with rates and the USD falling as opposed to yesterday.

A. smart Irish lad!!

Posted by Richard640 @ 10:04 on September 19, 2019  

Former Overstock CEO Byrne Dumps $90 Million Stock Gains Into Gold, Crypto “Out Of Reach Of Deep State”

…will be scattered in other locations that are even more outside of the reach of the Deep State, but are places that are safe for me.

Bonds green [lower rates]–the. $. down .333–PM paper with nice gains in pre-mkt-G&S came

Posted by Richard640 @ 9:56 on September 19, 2019  

waaaaaaay back from overnite lows–actually they erased most of the post FED sell off and that. is impressive–traders and money managers still WANT gold but the Cartel has over powered them for now–

Trannies are down [82] again today–quad witch. is friday….all the stock indexes are near new highs…this is the time of the year for stock corrections/crashes…stocks just won’t stay down….

Are we gold bulls running on the fumes of the rally that topped 6 weeks ago?–in 1980–2011 and 2016 bugs were running on the fumes of those rallies for months and years–going long…imagining the glory days weren’t over…I think about that sometimes…Nah! That. can’t be. right…

Looks like G&S may. have. topped for the day…??  But the HUI is. up 3 pts…

Morning Buygold

Posted by Maddog @ 9:44 on September 19, 2019  

I’d say it Hi fives all over the scum office, as the SM is now back above Friday night levels, ….for a very good job done…Saudi never happened !!!!

As for the Repo mkt……that they’ll just ignore…or try to.

Repo oversubscribed again

Posted by Buygold @ 9:38 on September 19, 2019  

No worries in the markets – all is fine.

Fed is doing QE, they just don’t admit it.

Yields on the 10 yr. falling again this am – 1.75% from 1.79% yesterday.

Nemo did you get your new PW? If not you might want to check your junk folder. Cheers

Posted by ipso facto @ 9:37 on September 19, 2019  

Re: goldielocks @ 1:25

Posted by MetalsGuy @ 8:01 on September 19, 2019  

You are right goldielocks; it is complicated. The West was indirectly responsible for the overthrow of the Shah, since the UK/US supported a coup that overthrew Mosaddeq’s democratically elected government to bring the Shah into power.
If you are interested, here are some informative links:

Prime Minister Mohammad Mosaddeq

About the money:

Frozen assets

Get some back today

Posted by Buygold @ 7:38 on September 19, 2019  

Doesn’t appear gold or the SM is convinced with the Fed’s action yesterday.

Big Repo in about 40 minutes, I’m sure ZH will be all over it.

“Abject Corruption”

Posted by Maya @ 1:29 on September 19, 2019  

Exposing The Financial-Political-Complex Protecting Its Own In The Gold Manipulation Maelstrom

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.