Silver Market IS NOT Manipulated!!
Silver Market IS NOT Manipulated!! by Rory – The Daily Coin
Silver and gold are supposed to be having a good week, based on all the data points, not the least of which is the dollar headed south and the dollar/yen trade moving favorably for the metals as well.
It seems there’s a new sheriff in town and he would like your attention.
The over night manipulation that begins with the opening of the London market – approximately 2:30am EST – is well documented, along with the manipulation at the opening of the COMEX “pit” and then again right around lunch time, EST. People like Andy Hoffman, Craig Hemke and several others, have written endlessly about the timing of the of these “drive-by shootings” or just sacking the movement that happens out-of-the-blue. They are so frequent and consistent that people are now able to trade silver with these manipulated points in time as part of their overall trading play.
Since when did the Sydney market become a player in the silver “market”? Why have there been massive spikes at the moment the bell rings in Sydney? Are the criminal manipulators investigating new territory and another avenue to beat down the market when no one is looking?
Click chart to enlarge (live)
The action at the Sydney opening the past two days almost looks like someone is trying out a new piece of software or there is a rookie at the helm and hasn’t been shown all the buttons to push. Whatever it is, it’s plain-ole wrong.
It appears Tyler Durden and Team have already done a quick check of history, after Craig Hemke at TFMetals Report tweeted to them about something very odd, or very “ordinary” in these so-called “markets” happening at the exact same time just a few weeks ago:
This would normally be shrugged off as just another example of the utter farce that global capital markets have become. However, a glance back in recent history at the silver market’s most recent chaos moment – on July 6th – and a ‘funny’ thing stood out!!!
Gold also followed suit that night too…
At exactly 1906 ET on July 6th, Silver futures flash-crashed (some say over 10%, though many data feeds have been subsequently ‘cleansed’ of that sin), before normalizing.
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And sure enough, tonight, at exactly 1906ET once again, ‘someone’ went to town on Silver & Gold futures…
And it even looks like the machines tried to front-run each other a little into the 1906ET mini-flash-crash
So, we ask again, what is it about 1906ET that sends the algos in overdrive? Or is it all just coincidence? Probably nothing, right?
It’s now deja deja vu all over again… Source
What part of “natural market movement” do these straight-line-spikes play? Did someone “fat-finger” on three different occasions over two days at the exact same time, several weeks apart? What are the odds of that happening?
Straight up, straight down on August 1 and then on August 2 straight down. The chart below is a static image so it will never change. It could be interesting to see what the criminals have in mind over the next few weeks.
Click chart to enlarge (static)
Has anyone seen the regulators at the SEC or CFTC? No? Nobody home?
The good news to all of this – it means more silver at less cost and it means the Indians will probably add another several tons of silver to their order for the month of August. Keep strong and keep stacking.