Wednesday, November 28, 2012

Zerohedge (burp!) on the gold smackdown


You don't want to read the actual article because you love your braincells.

So here's the summary:



And selected commentary:
  • Actually.

    Yesterday was options/future settlement and a bazillion in the money options got converted in to futures contract longs.
    So them bad ass motherfuckers betting on the rise in the price of gold now gots variation margins to deal with, we wants some of that cash, boys.
    Slam 'em down.

    Typical in the money options to futures being punished by the shorts...
and
  • I'm waiting for the tech analysts to come in here and say it's good for Gold because the paper price touched some mysterious level they just made up
and
  • Of course since yesterday was Options Expiry, and since it is traditional to smack those whose options were converted into futures contracts in the face, this is not unexpected. In fact I was expecting it and just made some nice money.
and
  • It was comex option expiration yesterday and gold mini expiration today. This is normal activity as traders close positions. The turbulence will end by tomorrow and likely turn up as new positions are established.
and
  • Did silver really trade 8,240 contracts between 13:20GMT and 13:21GMT today ?
and
  • 21k contracts in 5 minutes.. really? couldn't work out of that order?
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3 comments:

  1. In the front month of December GC it even were 13k (thirteenthousand) contracts in this single minute.
    If you believe, that this is a normal market behaviour of many different participators, you simply are dumb.

    This market is rigged and the rigging has the covering from high above, otherwise it would be easy to stop this blatant manipulation. This is done because that way Gold/Silver is seen by the sheeple as way too dangerous and not a safe haven in the currency-debasement-race.

    ReplyDelete
    Replies

    1. Yes my good man, I did once read ZeroHedge and Turd Ferguson so I know the story. I personally think this is normal market behaviour of thousands of participants, because the average trader is a fucktard moron. If JP Morgan the Lizard People and the Joos really do secretly control the world from their Bohemian Grove hideout, they should be smart enough to do better than this for suppressing PM prices.

      Frankly the Lizard People should easily be able to drop silver and gold right to $0.00. I mean, if they secretly control the world.

      Some things I'd like to hear your answer to:

      1) If it's so predictable, why don't you sell the day before the smackdown then buy back at the bottom?

      2) Imagine you were working with JP Morgan the Lizard People and the Joos in their evil plot. Why would you not instead sabotage silver and gold demand in India and China? After all, their buying is 50% of the entire physical market, and so provides a support to the price.

      Delete

  2. Hello sir. When the price of gold goes up, it is god's law and the natural order of things. When it goes down, it is a conspiracy.

    Sincerely,
    Your Average Idiot Goldbug

    ReplyDelete

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