Posted by ipso facto
@ 13:33 on November 29, 2017
RE: Cots Sometimes when there’s been a huge amount of shorts put on it doesn’t show up in the open interest?
“but I guess a lot of smart money realised the scum have lost the plot and these mkts are now a monster accident waiting to happen.”
Getting a bit impatient here! LET MY PEOPLE GO! 🙂
Posted by eeos
@ 13:05 on November 29, 2017
It’ll end badly for everyone. The united states government needs to extract itself from manipulating the indexes for their gain, remove themselves from the PPT curbs. Let the free markets decide for themselves. They won’t, this is how we know it’s too late. So fat boy Kim really is going to lob a EMP nuke bomb over the USA. I’m pretty sure we won’t be able to counterstrike with anything but sticks and stones. So we need to beat the Chinese asses, they can stop fat boy Kim. Stupid Chinese shitheads, you have the largest marching army in the world, grow some balls and do the world a favor. If not, hell with China
Posted by Maddog
@ 12:59 on November 29, 2017
Re CoT No’s
Don’t think they are rigged, as the scum are happy to show just how immune they are….They use them as another club to beat longs with.
I also think ystdy was when the mkts became an official farce…U can’t have an obvious lunatic lobbing Nuke capable ICBM’s around, be seen as super SM bullish.
It will take a while, but I guess a lot of smart money realised the scum have lost the plot and these mkts are now a monster accident waiting to happen.
Posted by Buygold
@ 11:57 on November 29, 2017
The SM actually feels like it wants to snap and go lower
Absolutely pathetic that the USD has reversed lower and the pm’s are still getting hammered.
I want to see what happens if the SM actually does snap.
Posted by Buygold
@ 11:54 on November 29, 2017
Agree with you about Dalio being an idiot buying GLD, maybe he’s thinking that since he’s such a large holder he’ll be able to take delivery. He’ll be surprised to find the cupboard is bare.
He did not buy options to my knowledge though
Posted by Captain Hook
@ 11:36 on November 29, 2017
Guys like Ray Dalio are not moms and pops.
These are the idiots playing this paper crap (SLV & GLD) that is very important.
What’s more, they go up against the bottomless pocketed commercials on COMEX as well and always lose because the cabal doesn’t care about losing money because the Fed will always bail them out. This is why they run the show, and the stupid specs are always forced to sell.
The funds get easy money from stupids and gamble it away month after month — year after year.
Easy pezzy.
Posted by ipso facto
@ 11:23 on November 29, 2017
Posted by Buygold
@ 11:19 on November 29, 2017
There’s a lot more to it than that and in particular just GLD and SLV
If the put/call ratio was so important, the amount of short contracts at the CME would be equally as important – meaning if the short futures contracts were ever squeezed, the metals would never go DOWN. In reality what we see is the opposite, the more short contracts, the more the price tends to fall.
There is no simple answer for how these trade other than unadulterated manipulation that is right out in the open.
mom and pop buying put and calls has zero effect
Posted by Captain Hook
@ 11:10 on November 29, 2017
Because bitcon is so high now the dumb money speculators, which includes hedge funds these days, will primarily short it and buy puts, which will support the price as is the case with the stock market. And a buoyant bitcon helps tech stocks, so da boyz want this. That’s why they are telling the stupids to short bitcon. The machines don’t care about price, just how the consensus is betting. This is how they keep precious metals down using GLD and SLV. The open intererst put / call ratios on both are below .5 meaning there are at least twice as many calls compared to puts, which is why they never go up (somebody tell Ray Dalio — or is he part of the Kabuki — chuckle).
Stop playing this crap folks and buy the physical metals.
Cheers
Posted by Buygold
@ 11:08 on November 29, 2017
throw gold and pm shares in with the mess
Seriously, the QQQ is down 1.5% but the DOW is up .5% and the USD is flat
Yet the metals get peppered as usual. I hate this stuff
Posted by eeos
@ 10:40 on November 29, 2017
It looks hopeless for months to come. When traders can kick it in the teeth at $16 it’s hopeless
Posted by ipso facto
@ 10:13 on November 29, 2017
I skimmed some article linking blockchain and GG but didn’t really understand where that was going to help them.
Who has the cajones to buy BTC at $11k? Not me!
Posted by drb2
@ 10:12 on November 29, 2017
[snip] …in another move towards establishing bitcoin’s legitimacy as an asset class, the world’s largest futures exchange, CME, is planning to launch bitcoin futures in the second week of December.
RE: “…In another move towards establishing bitcoin’s legitimacy as an asset class..”
Ha-ha ha, sure, CME is launching a futures contract to help Bitcoin.  Right – just like the futures market “helps’ the PM market.
It should have read  … to “HELP CONTROL”….  bitcoin
Posted by Buygold
@ 10:07 on November 29, 2017
I’d bet on the Nasdaq coming back before pm’s.
This is a good old fashioned ass whipping. I’m more worried about the HUI finally crashing through 185
BTW wasn’t Goldcorp going to change their name to Goldcorp blockchain or something? It hasn’t helped as it is getting crushed again. 🙂
Posted by ipso facto
@ 9:22 on November 29, 2017
“see the contracts”
Beats me! We know other numbers are fudged … errr faked. I don’t know why the COT numbers should be accurate.
Maybe we’ll come back today like yesterday …
Posted by ipso facto
@ 9:17 on November 29, 2017
Posted by Buygold
@ 9:17 on November 29, 2017
The better-than-expected second revision for Q3 GDP prompted algos to instantly dump yen and precious metals. Gold was slammed down top its 100-day moving average on around 45,000 contracts (almost $6 billion notional)…
Posted by ipso facto
@ 9:14 on November 29, 2017
Pssst … wanna buy some electrons? 🙂
Posted by Buygold
@ 9:08 on November 29, 2017
silver crushed, gold slides – just another day of pure awesome
Imagine if just a tiny fraction of that $200 Trillion went into the pm market…
How is anyone paying $11K for something that sits in the cloud somewhere?
Posted by Maddog
@ 8:36 on November 29, 2017
When they nuke Tokyo, the Dow will double in minutes and Bitcoin will break $ 500,000.
Posted by Buygold
@ 8:01 on November 29, 2017
Agree with you about North Korea, it’s all a big joke.
Hannity reminded me of a news anchor you’d see in a movie, so serious, so threatened.
No doubt it’s distraction from something else.
Bitcoin almost $11K – simply amazing.
DOW roaring again. Beyond belief.
Yellen speaks today, no pm rally allowed.
Posted by Farmboy
@ 6:55 on November 29, 2017
First pot today we pour is in John’s honor.
Posted by Farmboy
@ 6:19 on November 29, 2017
This interview says it wont be long. ??
http://www.kitco.com/news/video/show/Silver–Gold-Summit-2017/1775/2017-11-28/Get-Ready-For-It-Silver-Will-Rally-to-$130-Gold-To-$8000—CEO
With OE over, I think the PM’s will be allowed to start rising once again. Hoping not today, since I am layering in more of those SLV March 16/17 calls since they are on sale. 🙂
Posted by Maya
@ 4:21 on November 29, 2017
Very nice Dedication at the top of the column. I just noticed it.