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Gold Panic Selling

by Andy Hoffman, Miles Franklin:

After 15 years of “each day worse than the next” market manipulation – much of which, is done overtly – the thing that amazes me most is how few people care.  Sure, hundreds of millions of Americans – and billions of foreigners – have neither the resources, intelligence, nor motivation to question authority; much less, in the opaque world of international finance.  And quite obviously, one of human nature’s greatest flaws is the inability – or desire – to fight the consensus.

That said, survival instinct is man’s most powerful urge – and the last time I looked, the first amendment still allows the freedom of speech.  Let alone, when the internet – and social media – enables the anonymous dissemination of truth.  Thus, in a world where billions have been negatively impacted – in many cases, irreversibly so – by the callous, self-serving actions of a handful of sociopaths, how is it that so few discuss the obvious?

To think, I wrote of the PPT’s “dead ringer” algorithm, which supports the “Dow Jones Propaganda Average” on a daily basis, nearly 4 ½ years ago.  Seven or eight  hundred “dead ringers” later – including yesterday’s – I have yet to see anyone, even Zero Hedge, comment on this blatantly obvious manipulation tool.  Let alone, that fact that it’s timing coincides with the Fed’s 10:00 AM EST “open market operations.”  Which “coincidentally,” is “key attack time #1” for Precious Metals; i.e., when the physical markets close.

Yesterday’s “dead ringer” bottoming pattern was delayed by two hours (I call this a “variations thereof” algorithm) by the horrific U.S. retail sales report.  However, the Dow’s damage was limited at the PPT’s “downside limit” of minus 50 points, before the prototypical rise into the close.  Conversely, the Cartel was forced – by said retail sales report – to go into immediate action at 10:00 AM EST with a prototypical “Cartel Herald” capping algorithm (which I also wrote of 4½ years ago, but haven’t seen a single other person mentioned), before viciously attacking at the 12:00 PM EST “cap of last resort” – at the long-standing “lines in the sand” at $1,350/oz gold and $20/oz silver, no less.

Read More @ MilesFranklin.com

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