Read the Tuesday Afternoon Wrap-Up for 6/25/2013 and the Wednesday Morning Commentary for 6/26/2013
On January 25th, 2011, the Egyptian Revolution commenced at Tahrir Square, Cairo; where the public finally ousted Hosni Mubarek after 30 ruthless years of dictatorship. Sadly, the political situation has significantly worsened…
Fresh Crisis in Egypt over Muslim Governors – June 18, 2013
…as has the economy – where inflation is spreading like the PLAGUE…
…but don’t worry, the U.S. PROPAGANDA MACHINE says “all’s well”…
Supporting Egypt’s Democratic Transition
I remember that day well, as I was skiing with Mike Krieger at Vail Mountain. It was late in the afternoon, and we were just getting off the slopes. Having heard the Egyptian news in the morning, I assumed gold would be dramatically higher; until, of course, I looked at my phone to see it was up just $6/oz. At second glance, I saw that after having blown through the attempted 12:00 PM EST “cap of last resort,” gold was stopped cold by a prototypical “CARTEL HERALD” algorithm at EXACTLY 2:00 PM EST…
At the time, the Cartel only utilized 3:00 AM EST, 8:20 AM EST, 10:00 AM EST, and 12:00 PM EST as their “KEY ATTACK TIMES”; as opposed to today’s vastly more desperate world – where they have added “THE 2:15 AM” and 7:00 AM EST opens of the London and New York “pre-market” sessions, respectively.
However, when I saw another 2:00 PM EST PAPER RAID just two days later, I was sure they had added a new, late day KEY ATTACK TIME to their repertoire; which I promptly named the “CRYBABY ATTACK” – given its obvious use when earlier KEY ATTACK TIMES failed to “achieve their objectives”…
Since April 2013’s “ALTERNATIVE CURRENCIES DESTRUCTION” – coincidentally when COMEX “commercials” like JP Morgan started aggressively covering their PAPER shorts; the Cartel has utilized all KEY ATTACK TIMES in an “UNPRECEDENTED” display of unabashed price suppression…
…but particularly in recent weeks, as the CACOPHANY surrounding the Fed’s potential June 19th “tapering” announcement increased in both frequency and intensity…
On June 10th through 12th, for example, we saw the 2:00 PM EST “CRYBABY ATTACK” every day…
…particularly when gold approached the then“line in the sand” at the KEY ROUND NUMBER of $1,400/oz…
…and subsequently – prompting this RANT – on June 18th; following an entire afternoon of what appears to be a “$1,368 capping algorithm”…
Remember, the reason I so exhaustively point out the MANIPULATION utilized in TPTB’s soon-to-fail attempt at a 2013 “NEW YORK GOLD POOL” is to empower you to realize what you see on your screen is NOT REAL. Ultimately, free market supply and demand will overwhelm these CRIMINALS; and when it does, you will be shocked at how much higher “post-pool” PM valuations will be – not to mention, how terrifying the world may become…
