Fired Engineer Damore Sues Google For Discrimination Against White Male Conservatives
From Murph tonight
Bill,
While Ed Steer and others are noting the ominous buildup of commercial short positions in metals it’s worth putting just the past 6 trading days in perspective. In that time Comex gold open interest has increased by an unbelievable 92,955 contracts. That’s a 20% OI increase in less than 30 trading hours. Looking at it another way that’s 290 paper tons, a rate of almost 10 tons per hour which have been shorted. Shorts are getting added at a rate of 4,400 per $1 of gold rise, nearly 4 ½ times the normal cartel rate. Gold gained 92,955 contracts while only managing a paltry $21 gain. Clearly there is maniacal capping at these levels.
Silver is also being furiously capped, although the OI figures don’t show it. While the past 6 trading days for it show a net decline in OI of 4,567 it’s plain as day there is an iron lid at $17.25. No matter what the situation with silver’s OI the old definition of pornography applies equally to the rigging of both metals: I’ll know it when I see it. The cartel footprints are unmistakable.
We’ve been hearing about “one more flush of spec longs before the BIG rally” over and over but this may now truly be the situation. We’re still overbought, and the cartel has amassed their Armada at $1320 and $17.25. We’ll see how much oomph they have to take it down but it’s increasingly looking like the metals day in the sun is approaching. Without those 92,955 additional shorts gold would have already been $1500 and screaming. GOD knows what silver would be doing. What I wouldn’t give to know WHO decided $1320 & $17.25 was SO damn important, and WHY. It’s the silliest “resistance” I’ve ever seen, and I’ve seen a LOT of arbitrary cartel cap numbers.
Ipso 17:18
I know it would bring them trouble. But I can as well as other women. They’re just trying to bring attention to their awards putting other women on the spot if they didn’t wear black and turn it into a bitch session.
goldielocks @ 16:13
Men don’t talk about things like that. It’s a ticking bomb and it’s smarter to stay away. 🙂
Richard PS
Notice how so many aging or unattractive stars suddenly become virtuous when their plastic surgery no longer works for them. They then start attacking younger better looking women like Melina or Ivanka. It’s a cycle like the global warming.End of rant.
Buygold
Re SM
I watch Tesla as my canary…look at the PoS tdy…. plus 6.25 % …on what ….sure not real profits, no doubt on snowflake dreams.
Richard
Correction, Pimp Obama. Real women are too busy to watch that shit. God forbid if these women get a tax break. Again they’re full of it.
Richard Jan 7
Woman delivering meals to the homeless attacked by African rapefugee with machete.
Where are these rich over paid women in Hollywood complaining of how these mentally deranged sub humans coming here with they’re Shaira law as their excuse for attack on women. The real women activist like that woman gets ignored.
No they’re promoting it while siding with their king Obama and all political trying to distance themselves from their own party.
They take parts that cheapen women and use sex to become a star and not even the classy type of the past they probably call victims now.
They attack Melina Trump and other females like Trumps campaign manager making a cheap skit about her who made her own way without exploiting her own feminity unlike them. They have award shows for porn stars.
In Europe women are being attacked by these scum daily and seek to cover it up.
They knew this was going on for decades and just distanced themselves from it.
They’re full of it. They actually promote it for their own self interest.
Buygold – I feel your pain. I live it too.
I remember that meeting too. I completely underestimated the extent the criminals would, and could, go to in order to control the metal.
I completely overestimated the Rule of Law in what I thought was the Land of the Free. It has changed me forever.
Hey drb2
yeah, that’s another thing I never learned was the extent they’d go to cap prices – illegally of course.
I remember back in I think it was 2012 when they smashed the gold price a couple hundred in a few days $1500 to 1300 or something like that. The day before, the heads of all the major banks had a closed door private meeting with Obama. I have no doubt that they were telling him what they were planning to do.
I guess it’s too late to turn back now but I sure wish I had back when gold was $18-1900.
Everyday looking at the SM is a painful reminder of what an idiot I am.
Why is it impossible for individuals invested in gold to sue and collect?
- Supposedly we live in a FREE MARKET nation governed by LAWs.
- There are laws against market manipulation
- Central Banks admit to manipulating the price of Gold
- individuals invested in gold have been damaged by this Central Bank manipulation
- Why is it impossible for individuals invested in gold to sue and collect?
Iran’s central bank admits intervening to rig gold price
Submitted by cpowell on Thu, 2018-01-04 13:43. Section: Daily Dispatches
If only the central banks of nominal democracies were as honest.
* * *
Central Bank of Iran to Resume Gold Auctions
From the Financial Tribune, Tehran, Iran
Wednesday, January 3, 2018
The Central Bank of Iran has sufficient reserves of gold bars and coins and will resume gold coin auctions until the market is fully saturated and prices become stable, the director of bank’s office for Banknote Issuance announced.
“CBI is in charge of minting various kinds of gold coins in the country. Hence it is also responsible for meeting the market demand and controlling the prices,” Masoud Rahimi was also quoted as saying by the Islamic Republic News Agency.
The auctions were started in November through Bank Melli Iran’s affiliate, Bank Kargoshaee, to deflate the Iranian market bubble that saw benchmark gold coins rise to a six-year high.
However, the launch of 16 auctions has not failed to deflate the bubble, as prices have continued to surge.
According to Tehran Gold and Jewelry Union’s website, the price of benchmark Emami gold coin on Tuesday approached 15 million rials ($3,530), registering an increase of 60,000 rials or 0.7 percent compared to the previous day.
This is the highest value of Emami gold coin since five years ago in Tehran’s open market.
The director of the CBI’s Office for Banknote Issuance added that keeping the national currency strong is the regulator’s main agenda.
“Any unreasonable surge in gold coin rates that is not in line with the [real] price of gold can have inflationary effects on the foreign exchange market and that’s why CBI interferes in the gold market to stabilize the rates,” he said.
Rahimi noted that the main reason for this surge is the unusually high demand since a great deal of investment flowed into the gold coin market instead of the forex market, as the public perception is that the price of gold coin will continue to rise in the coming months.
“Many ordinary people have also invested in the gold market to retain the value of their money, which has further heated up the market,” he added. …
… For the remainder of the report:
https://financialtribune.com/articles/economy-business-and-markets/79208…
A friend posted this on Facebook
nasty language but he really nails it, same reason Gold probably can’t recover from the paper pushers until the game is up
It was just a “coincidence.” LOL
“It Doesn’t Look Good”: Intel CEO In Jeopardy For Selling Stock After Learning Of “Staggering” Flaw
Centerra Gold Completes Acquisition of AuRico Metals
TORONTO, ONTARIO–(Marketwired – Jan. 8, 2018) – Centerra Gold Inc. (“Centerra”) (TSX:CG) and AuRico Metals Inc. (“AuRico Metals”) (TSX:AMI) announced today that they have completed their previously announced plan of arrangement (the “Arrangement”), pursuant to which a direct wholly-owned subsidiary of Centerra (the “Purchaser”) acquired all of the issued and outstanding common shares of AuRico Metals for C$1.80 in cash consideration per share (the “Purchase Price”). The Purchase Price was funded through a combination of a new US$125 million acquisition facility and cash on hand of Centerra.
Scott Perry, President and CEO of Centerra said, “With the completion of the acquisition of AuRico Metals, we have expanded our existing development pipeline to include a de-risked brownfield development asset, located in Canada, as well, we are adding a high-quality, free-cash flow generating royalty portfolio. The Kemess property has the potential to be a low-cost, long life, significant gold and copper producer.”
eeos
yep, and here comes the crush
But watch that SM come back
it just never ends
The HUI
seems like a ball and chain anymore. It looks like it’s under a spell for the last 6 years.
Ipso
Sadly, that’s what we’ve been conditioned to think is always around the corner.
Wouldn’t surprise me if we got smashed either.
Buygold
“I still think we aren’t going to see any good moves higher until the shares get off their dead asses and start to lead.”
That would be nice. I think many of the Goldbugz are waiting for the gold price to collapse like it has done so many times in recent history.
Morning Ipso
Yeah I don’t know why the metals aren’t getting creamed here. Maybe the players aren’t buying this bounce in the dollar?
I still think we aren’t going to see any good moves higher until the shares get off their dead asses and start to lead.
COT’s last week were worrisome to me.
Impact has BIG exploration potential
IMPACT Silver provides Exploration Update on Santa Teresa gold target, Royal Mines of Zacualpan, Central Mexico
https://finance.yahoo.com/news/impact-silver-provides-exploration-santa-110000443.html
Buygold @ 8:25
That is surprising to see gold steady in the face of such dollar strength. Is the writing on the wall for higher gold prices so that dollar strength here and there is not a factor?
Price controls cause shortages. It may as well be written in stone.
Citizens Mob Caracas Shops Following Government-Mandated Price Cuts
Goldcorp
The scum’s whipping boy GG having a decent start to the day.
Been slowly trending higher the last couple of weeks.
USD on the move
pushing higher, surprisingly not crushing pm’s too bad yet
SM futures down????
Didn’t think that was possible anymore.