Marshall Swing: Cartel Preparing Epic Gold Raid!

silver smashThere was a definite attempt last week by the cartel to dislodge the speculator shorts and cheat the people out of the notion of profiting from their intended plunge in metal prices.
In Silver we did not see much dramatic action.
BUT, what is not so dramatic in silver IS dramatic in gold.
In gold we saw a reduction in total open interest of almost 35,000 contracts!  That is almost 7,000,000 (yes you read it right) 7 MILLION ounces!
Notice the commercials have the lion’s share of open interest reduction, because if we add up the speculators reductions and additions, we see they are not quite a wash but absolutely MASSIVE open interest reductions on the part of the commercials.  To what end?  Just to drop the gold price a little?  I don’t think so.


Submitted by Marshall Swing:

There was a definite attempt last week by the cartel, or The Powers That Be, or the bullions banks, or Lindsey William’s global elite, or the cartel, or the anti-christ, or the Beltway Boys, or whatever you want to call them to dislodge the speculator shorts and cheat the people out of the notion of profiting from their intended plunge in metal prices.

There were some minor attempts during the COT week but the most significant attempt came this past Friday after the COT week closeon Tuesday afternoon!  They always like doing things after the COT close…  Imagine that?

 

They did not get as good of fake unemployment numbers they wanted on Friday morning so now they have to make a decision to slow down the pace of QE tapering or even resume to some degree.

 

What happened on the way to the forum?

 

In silver we see those pesky large speculators gobbling up another 3,154 short contracts as they fully intend to make a few bucks come hell or high water.  The only question I have is this the bullion banks plan to blame the metals crash on the speculators (primarily greedy hedge funds) like we saw in oil a few years ago or will they allow price to rise really fast like last Friday morning but somewhat higher this time to rob the specs of what they think is their just due?

 

We see some commercial short covering in silver but nothing dramatic and even a little long buying but look further and most of this was done by the swap dealers!

 

The small specs were less active last period but some grabbed some longs in anticipation of a bounce.  Probably reading my reports…

 

BUT, what is not so dramatic in silver IS dramatic in gold.

 

Here we see a reduction in total open interest of almost 35,000 contracts!  That is almost 7,000,000 (yes you read it right) 7 MILLION ounces off the table if you count both sides of a contract.  That is a massive change in thinking!

 

Whose thinking?

 

Notice the commercials have the lion’s share of open interest reduction because if we add up the speculators reductions and additions we see they are not quite a wash but absolutely MASSIVE open interest reductions on the part of the commercials.  To what end?  Just to drop the gold price a little?  I don’t think so.

 

What I think is they are getting the large specs to grab up shorts in a huge way and it is those large specs who are going to fulfill their big bullion banks prophesies of much lower price and the physical gold loving world will be tempted to blame the speculators when it is the sly but creepy banks themselves who neatly set up this scenario!

 

Silver Buffalo Rounds As Low As 76 Cents Over Spot!

I got some interesting comment from one reader last week who basically told me I was nuts if I thought price was going down, down, down…  He referred to an acquaintance of mine a paid professional who writes on COT movements but this writer does not have near the track record I do in exposing the banks, in fact, he has often poo pooed any notion of manipulation at all over the years as well as in private conversations with me.

 

I write what I write on the COT numbers for fun and my own investment purposes and make not one red cent off this from another.

 

Any time you see a profit motive behind a writer it is important to note they may have a motive in not offending anyone that advertises on their website.  You see, if you advertise miners, and miners are backed by banks, then you have to watch your P’s and Q’s.

 

I have no such encumbrances and am free to make my opinions based on years of watching and weighing all the evidence, articles, and intellectual thought of writers who both do (sellers of bullion and paper) and do not have profit motives (like those at GATA).

 

That said, it is going to be a very interesting week coming up with FOMC on Wednesday and here we have in lame street media like USA Today lead articles wondering why the DOW is falling so rapidly.  http://americasmarkets.usatoday.com/2014/04/07/down-300-in-3-days-heres-whats-killing-the-dow/  Get ready for a pile on to thrash tapering of QE!  J

 

We will know the results of their short shakeout when COT comes out Friday.  My expectations are low.

 

Brace yourselves for the coming quarterly reports!

 

Let the roller coaster rides begin…  ;)

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GoldCOT


Comments

  1. Wrong.
     
    Only unlawful SWAT teams are allowed to RAID things and destroy lives under color of law.

    • I guess this guy hopes that if he says the precious metals price sky is falling often enough, the price will fall. Hes been saying a price crash is immenent for a month now. He has also been ommitting key components of the COT report, which is diconcerting. Hey Doc, whose manning the content quality control portal? Luckily fundamentals are too strong, his influence is negligible, and his reasoning is silly. For instance, in the same breath he denigrates Chinese gold demand he overblows the influence of Come, while simultaneously saying Come open interest is declining, which indicates Comex is having less influence, as trading abandons that corrupt farce.

    • Yawn… Marshall is broken record at this point.. especially given that he has no timeframe or technical analysis or fundamental analysis to go along with the prediction. The technicals are badly oversold, the 50 DMAs are rising above the 200 DMAs across the board. Double bottoms have formed, etc. On the demand side, you have record sales of eagles and record imports to China / India with other independent central banks coming online and citizens of post-industrial nations like Japan and UK waking up to reality.
      Its simply not in the cards at this point, the efficacy of the paper markets is gone. They could potentially smash silver back to $18, but it would be met with such a buying furor that shortages would immediately develop across the board.

    • Gold already went down a $100 recently and silver got hammered too. Good Lord, how low does anyone really believe this can suppression can go? A lot of miners aren’t making any money at these ridiculously low levels. Articles like this are far more retarded and meaningless as the bullish gurus who get blasted here mercilessly.
       
      BTFD. Keep stackin…

  2. Sorry to steal your thread Marshall.
    Win A Double Eagle Silver Proof 1 oz Medallion
    If you want a chance of winning one of these proofs (only 2500 minted) then check out the description on my spoof video. I’m giving away 5 of them and so far only 9 people have actually signed up so your chances are pretty good.
    Deadline is tonight at 12pm
     
    Just let me know in the comments section what the spot price for silver will be this Friday at closing. How many boxes of ammo I bought and like me on youtube. Good Luck, Charlie

    https://www.youtube.com/watch?v=eqg3CJVGUHk

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  3. Is this guy a luciferian Cartel Shill maybe ?,dumping paper shorts certs.  is not like owning phyzz ,besides are the  contractual buyers gonna get phyzz , you got NO idea, right? well don’t try putting them together the world is waiting for the soon coming Emancipation of PM form the trash certs.

  4. it’a happening as we speak the ‘Emancipation is taking place 7,000,000 ozs , ready to Dump , you should say 7,000,000 naked short contracts are being dumps,it would sound truthful instead of information twisted to your choice.imo

    • naked shorts IS correct ;)

    • Marshall Swing … “naked shorts IS correct”
       
      So, if our stated goal is to teach the general community a clear view, shouldn’t we re-think our language and terms to better describe the truths we’re attempting to convey? To do less is laziness on the part of otherwise sincere commentators, which I point out not as criticism, but as encouragement to make the effort.

      It has, after all, been the methodology of the elites to ensconce Orwellian misuse of terms to hide blatant lies in seeming truth to the harried and gullible. They call credit ‘money’, they call price offsets ‘inflation’ … and they equate sheer unsubstantiated numbers of ethereal claims on silver or gold with ‘ounces or tonnes’. These are all flat-out lies, so why help perpetuate them through careless adoption?

  5. Marshall the ‘swing Shill > 95% my portfolio is AG >WHICH IS IN A INDUSTRIAL DEMAND AND IN SHORT SUPPLY > SHort Me ! please 

    • There’s an old saying about the straw that broke the camels back.  I think the shorts need to be extremely careful in the current territory of $1290 gold and $19.90 silver if they expect mines to stay open and continue production.

    • @PowerBall
       
      “I think the shorts need to be extremely careful in the current territory of $1290 gold and $19.90 silver if they expect mines to stay open and continue production.”
       
      I don’t think that the shorts give a flaming damn whether the mines stay open or not.  These guys will bet on which raindrop reaches the bottom of the window first, if nothing else is available… like gold or silver.
       

    • Just call me Moses there Dagger ;)
       
      I bring the reality of the law back to common sense…
       
      I am as a pro-silver enthusiast as ever there was one but what I do not sit around and do is blow smoke up people’s nostrils ;)
       
      It is important top know truth in the short term, not fiction to put one to sleep by…
       
       

  6. Well Marshall, kinda hoping you got it right.
    Hell yeah, be great to take the very best shot the cartel’s got.



  7. Excerpt: “I write what I write on the COT numbers for fun and my own investment purposes … Any time you see a profit motive behind a writer it is important to note they may have a motive in not offending anyone that advertises on their website.”
     
    Everyone making the effort to lurk and comment on these websites (or even only among friends and associates), has a motive to preserve or enhance the trade condition of their holdings. That’s just a fact of life similar to survival instinct. There’s nothing good or bad about it until ‘Combinations’ form to irrationally force market valuations far outside their natural supply-demand realities.

    This is why, over millennia, Common Law condemns Combinations (collusion, conspiracy, racketeering, etc.), providing Actionable process against it … and … why government must grant License to these groups, statutorily legitimizing their criminality (itself, a Common Law Breach of Public Trust) under the protective wing of its own private, exclusive jurisdiction detached from Common Law Process.

    So, whether or not ‘in hire’, or ‘freelance’, the distinction to be ferreted out, is whether any commentary in view is intended to project a just individual’s proper advantage, or insincerely proffered as an integral part of a Combination to imbalance a market in the group’s favor, against Free Forces trending to arbitrage back into supply-demand balance.

  8. Cartel had unlimited paper so prices are a total guess until the manipulation is exposed to the public.

  9. Anyone who really thinks that a price smash is on the way, should put ALL of their money into GLD put options.  If the price drops, they will make a bloody fortune… which is fair payment for an accurate prognostication from which many can also profit.  ;-)
     

  10. Looking forward to this raid if it happens Marshall so that I can regain some of the PM’s that I had to sell to pay my taxes. God Works In Mysterious Ways. Keep Stacking
    Keep doing what your doing Marshall as your doing a great job even when your Right or Wrong. Heck I’ve been reading you since you first come on SD and you have been more right than wrong and a lot better than most Gurus. Lol  Keep Stacking

    • Ouch!  I feel your pain Charlie.  I think I would have a brain aneurysm if I had to sell phyzz to pay stinkin’ unconstitutional bankster created income tax.   

    • Im all for the raid as well, precious metals at even more fire sale prices?! Sign me up!

    • Marchas45 … “had to sell to pay my taxes” … UglyDog … “feel your pain Charlie”
       
      Meaning no disparagement nor making any judgement whatever … when one makes ‘Social Security’ claim on the credit of the Treasury, one puts one’s self in nexus with government and thus becomes liable for its … internal … income tax. In analogy to the physical realm, it’s a ’cause and effect’ scenario.

      There isn’t anything ‘constitutional’ or ‘unconstitutional’ about the arrangement. It’s placing one’s self under condition of ‘Ward of State’, making ‘the State’ responsible for its Ward’s support. The State thus has authority as Trustee to set out obligations on its Ward as it sees fit.
       

    • @Marchas45
       
      Have I been wrong before…?
       
      :D
       
      The way I see it, the lower the prices the more ounces I stack…  ;)

    • @Marshall Swing yes you have been but please don’t take it personal as I like you. Lol  So please don’t make me go back and find them. Lol Also you could be wrong this time. As of April 7th Gold was: $1299.00  and Silver was: $19.81 and today as I write Gold is: $1321.50 and Silver is: $20.24 so we will see what will happen.
      GOFO is negative again and according to Turds theories when GOFO is negative the Cartel have no Gold to Manipulate the market, so prices go up. Mmmmmm interesting so many people to follow or should I say Listen To. LMAO
      By the way I do believe that it will go up and down.  Keep Stacking
       
       
       

  11. As I type silver is making a strong spike up. Marshall Keep up the COT talk bcuz I don’t understand it at all and find it interesting. I’m a fan of yours bcuz U seem to get blasted quite frequently and that’s a sign of honesty. Really don’t understand why the Rword Fed parasites want 2B the only shorters when they plan to manipulate a short money grab. BTW, if U predict the price is going down and it goes up I luv U double. My contention Rword Fed parasites own basically all the gold and use their gold to control silver, which the parasites hate immensely bcuz they don’t have a monopoly on silver. Any encouraging words or thoughts on how to screw the parasites in the silver market would be appreciated.

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