Loading ...Firstly, I want to get straight to the COT report which came out at 3:30 Friday afternoon while I was out of the office so I was unable to get a note out until this morning. Before I explain the significance of this report, in my analysis (which isn’t always correct, of course), I place very little emphasis on chart lines or formations like “Gravestone Doji’s” or “head-and- shoulders” tops or bottoms in the decision-making process for reasons I have documented in this publication countless times in the past. However, early in 2015, I decided to stop being a VICTIM in this mass-manipulation of (everything) gold and silver because a) it was getting depressing, b) it was costing me too much financial and emotional capital, and c) animals and humans were unsafe in my presence.
Accordingly, I had to find a way to align my trading with that of the bullion bank criminals so my trades could mirror the SEC/CFTC- sanctioned “capping jobs” and glide along undetected by the diligent eyes of the regulators. The only way I have found to accomplish such a feat was to watch the COT report and while I acknowledge that even the COT can be compromised with phony data, it has in recent months proved to be reliable, as evidenced by the enormous theft perpetrated upon the Large Specs back in October after EVERY technical analyst in the world declared that gold and silver had “broken out” as the Commercial Criminals shorted imaginary synthetic PHONY “gold” into the massive demand that propelled it to $1,192 to the order of around 16,600,000 illusory “ounces” that the regulators deem “acceptable”. What a joke. No. Not a joke. How about “What a crime!”?