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Old 11-14-2012, 01:57 PM   #61
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Gold has already started falling preemtively...
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Old 11-14-2012, 02:04 PM   #62
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I'm seeing the dxy falling and pms rising. Haven't seen the fomc report yet.

edit - zh reporting that Obama is talking about fiscal cliff right now...
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Old 11-14-2012, 02:20 PM   #63
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And now everything is selling off with no apparent reason.
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Old 11-14-2012, 02:27 PM   #64
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http://www.zerohedge.com/news/2012-1...ter-twist-ends
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Old 11-14-2012, 03:05 PM   #65
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Not everything selling off. FB up 12% on the day half their shares leave lockup? And I was short. OW - the opposite of a FOMC takedown? Check volume in the first 30 min.
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Old 11-14-2012, 03:21 PM   #66
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The Euro isn't falling either but the DXY is rising which means that the other DXY component currencies are falling. That's pretty rare. Maybe big European players are repatriating money for a reason we don't know yet.
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Old 11-14-2012, 03:26 PM   #67
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Maybe the rise of FB today is a stealth CA bailout? Remember how they were counting on all those taxes from share sales by employees, and whining about how it was going down? But that volume this AM - huge, enormous. 66m shares in the first 30 minutes. Really stands out when the average is less than a tenth of that.
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Old 11-14-2012, 03:33 PM   #68
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Could be a CA bailout. I couldn't find any news supporting the move. If a large fund wanted to buy a huge position, it wouldn't purchase like this.

Meanwhile the mining shares are getting slaughtered accross the board, even with metals up a bit.
Even SLW is down 6% with silver up .5%. SLW can't rationally be affected by the bad earnings of companies like ABX or today IAG. They're a streaming company.
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Old 12-12-2012, 07:23 AM   #69
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Good morning, everyone.

I expect some pm weakness before the FOMC announcement as a part of damage control by tptb (tbtfb).
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Old 12-12-2012, 08:08 AM   #70
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Morning sa. I'm checking my seatbelts for mechanical integrity.
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Old 12-12-2012, 08:09 AM   #71
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DXY already down to 79.9 or so...
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Old 12-12-2012, 08:12 AM   #72
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So......what do you all think? I bet we see the 8:30 body slam, then the 9:00 kill-the-man pile up.
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Old 12-12-2012, 12:56 PM   #73
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Presented by our friends at the BIS (most likely they were in charge of the "operation")
Pre-FOMC manipulation of gold/silver

The announcement was at 12:30 am ET





The manipulators just lost their defense lines at 1720 and 33.5
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Old 12-12-2012, 12:57 PM   #74
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http://finance.yahoo.com/news/fed-ra...173200191.html

Permanent money creation until unemployment is below 6.5%
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Old 12-12-2012, 01:01 PM   #75
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They've also raised the inflation target to 2.5% from 2%. Doesn't sound like a big deal but if you're taking into account that they're underreporting inflation by at least 50% (e.g. 2.5% instead the actual 5%) than .5% is 1%.
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Old 12-12-2012, 01:18 PM   #76
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They are probably working overtime right now to "manage" the expected rise in PM's.

Commodities, especially the energy sector, are doing quite well. It's a good thing none of us need gas, oil, electricity or food, 'cause we might just feel the pain of a little inflation if we did!
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Old 12-12-2012, 01:33 PM   #77
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Looks like the price fixing is targetted at gold only which makes sense when it's a governmental agency that is manipulating. No central banker cares about silver.
Intrestingly the algos which usually peg silver to gold in terms of direction seem to have a hard time keeping it down. That's a pretty good sign for silver in the weeks to come.
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Old 12-12-2012, 01:35 PM   #78
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... on the other hand: If gold were to suddenly rise during the next few minutes right after the COMEX closing bell, I'd say that some private players were the manipulators.
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Old 12-12-2012, 01:42 PM   #79
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There does seem to be a heavy hand on gold this afternoon. i just went to teh Kitco chart and based upon that alone, it looks too mechanical and concerted to be organic selling. This is more paper in to the fire in my uneducated opinion.
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Old 12-12-2012, 02:15 PM   #80
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Miners are telling the true story again:

FNV
58.02 +1.42 +2.51%

RGLD
83.50 +2.08 +2.55%

NEM
45.61 +0.38 +0.84%

GG
38.54 +1.49 +4.04%

ABX
35.22 +1.21 +3.56%

SLW
38.14 +1.32 +3.59%
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