Michael Noonan of Edge Trader Plus - IF - 2 hrs 53 mins ago
Sunday 16 December 2012
Around 7 p.m., [CST], on Thursday, [lucky] 13 December, when there is normally very little activity in precious
metals, a series of High Frequency Trades mysteriously came to life and pummeled the silver market, hard.
What makes this ever more suspicious is that this activity was on the heels of a breakout characterized by
strong supportive volume and a high-end range close.
The breakout rally, strong volume and close are the typical "footprints"
mentioned in our last article, The extent of the overnight sell-off, continued into the next day, Friday, was more than
unexpected, it was shocking.
Technically, it made no sense, not in light of surrounding market activity, and fundamentally, particularly for
silver, it defies supply/demand economics. What you see on that one bar from Last Thursday is the "bootprint"
of market, what is the best word we think of...Yes...manipulation.
There are no outcries in the [bought and paid for] mainstream media, television or print, and none from the
exchanges or regulatory agencies. Nope, it is just business as usual. The breakdown of free markets is just
about complete. Central planners rule, market insanity reigns. Bring on more QE-adnauseum. How can one
act responsibly in a market environment run by irresponsible actors? The markets are rigged, plain and simple.
In precious metals, the bets are now Red or Black, as the little white ball spins around.
The one hope against central bankers is that they cannot control all the players. There is China, Russia, India,
and a growing list of smaller countries leaving the fold of the once "almighty" U S "dollar." For accuracy, the
so-called "dollar" is NOT a dollar, despite the unsubstantiated claim. They are Federal Reserve Notes, [FRN],
issued in varying denominations, fiat currency backed by one's imagination and nothing else. They are
commercial debt instruments. Of course, we are aware that not many care about the accuracy of defining a
dollar v a FRN, but we care because of the deceptive practice behind their use.
How does this relate to viewing the markets from a price/volume perspective?
unaccountable distortions, like last Thursday. Did the gold market suffer as badly? No, again. The silver market
is more easily "controlled"
margin for naked short positions, nor are those positions marked to market, like for the rest of the trading
population. What would you do if you did not have to put up any margin as a buyer in the silver market, or
be concerned about price moves against you, when the market next opens?