Removing Any Doubt

[Serpo]

Removing Any Doubt



By Turd Ferguson | Monday, September 1, 2014 at 2:06 pm
You may have missed it. In fact, you probably did. While you were out enjoying your holiday, we saw more proof of how Cartel algos are set to manage and control price, regardless of the day or time.
Just after 1:00 p.m. EDT on Monday, a very curious drop in the spot price of gold occurred. "Curious" in that all global futures markets were closed, with the U.S. electronic trading closed until later today, opening at 6:00 p.m. New York time .
But the futures markets being closed didn't stop a trade from effecting the spot price of gold which, at 1:02 p.m., fell by nearly $5 in an instant. This "trade" was noticed by ZeroHedge and it immediately caught my attention. The damage, however, was minimal and the spot price almost immediately recovered. As I type, spot is down about $1 and up over $3 from the low.
"What's the big deal, Turd", you ask?
Check this out from the RanSquawk headline service at ZH: http://headlines.ransquawk.com/headlines/spot-gold-moves-to-fresh-lows-in-recent-trade-and-breaks-below-the-200-dma-after-going-through-the-comex-trading-halt-for-gold-futures-although-there-is-no-fundamental-news-behind-the-movement-01-09-2014
What's that? "Spot gold moves to fresh lows and breaks below the 200-day MA"..."although there is no fundamental news".
That's interesting in its own right but here's your money shot, also from RanSquawk:
"On 26th May, 2014, when US markets were closed and electronic trade was halted, a similar move occurred at the same time, although the move was later busted by some charting systems".
So let me see if I've got this straight....
Today is Monday but not just a regular Monday. Today is Labor Day in the U.S. The U.S. markets are all closed. Yet, someone or something runs an algo that hits spot price at 1:00 pm.
May 26th was not your regular Monday, either. That day was Memorial Day in the U.S. and the U.S. markets were similarly closed. Yet, someone or something runs an algo that hits spot price at 1:00 pm.
Hmmm...Do you have any remaining doubt that there are Cartel algos, pre-programmed to run buy/sell programs at specific times during the day or night?
And now you know why I so often publish these 3-day charts from kitco. Here are just a few recent examples:
http://www.tfmetalsreport.com/sites/default/files/users/u2/paper_gold_copy_9.jpg (http://www.tfmetalsreport.com/sites/default/files/users/u2/gold_copy_9.jpg)http://www.tfmetalsreport.com/sites/default/files/users/u2/paper_gold_copy_2_0.jpg (http://www.tfmetalsreport.com/sites/default/files/users/u2/gold_copy_2_0.jpg)
http://www.tfmetalsreport.com/sites/default/files/users/u2/paper_silver_copy_3.jpg (http://www.tfmetalsreport.com/sites/default/files/users/u2/silver_copy_3.jpg)http://www.tfmetalsreport.com/sites/default/files/users/u2/paper_silver_copy_3.13.23_pm.jpg (http://www.tfmetalsreport.com/sites/default/files/users/u2/silver_copy_3.13.23_pm.jpg)
Look, you can believe what you want about "free and fair markets" and you can continue with your head in the sand regarding precious metals price manipulation. Knock yourself out. But these "markets" are clearly dominated and manipulated by malicious algorithms, designed to cap and manage price 24 hours/day, 5 days/week. The events of this past hour should help to prove the case beyond any doubt.
TF

http://www.tfmetalsreport.com/blog/6089/removing-any-doubt

[Serpo]

With December's "fat finger" in US Treasury Futures proved as nothing but an HFT algo gone wild (http://www.nanex.net/aqck2/4519.html), Nanex (http://www.nanex.net/aqck2/4522.html) has turned its deep-thought to the recent halt in gold futures markets. Their conclusion, this was not the result of a fat finger, but rather the work of a high frequency trading algorithm that would pause, and (probably) test the market before continuing. A fat finger would not have had such distinguishing features.

December's bond melt-up was not a fat finger but an HFT algo gone wild..
Video replay of trading action in T-Bond Futures casts doubt that this was a "fat-finger" event
A fat-finger trade would send prices straight up, but video replay clearly shows pauses and ample back-and-forth trading.

And so was the recent gold smack down...
Via Nanex, (http://www.nanex.net/aqck2/4522.html)
On January 6, 2014 at 10:14:13, Gold futures plummeted $30 on heavy volume. About 4,200 contracts send gold futures prices tumbling $30 and trigger a 10 second trading halt.
Update - 8-Jan-2014 The chart below shows the entire $30 drop in the price of Gold futures that occurred in just under 100 milliseconds (1/10th of a second). When we separated groups of trades by a jump in the exchange sequence number (a technique to determine the size of a larger order) we discovered there were 9 groups where the sum of the trade sizes was exactly 338 contracts! Each group is composed of widely different number of trades (211, 186, 120, 193, 97, 193, 137, 112 and 109 to be precise), yet the sum of the sizes of each group totals exactly 338. We show these 9 groups in the chart below. What's more, there are other trades occurring between these groups of 338 contracts.
What this tells us is that this was not the result of a fat finger, but rather the work of a high frequency trading algorithm that would pause, and (probably) test the market before continuing. A fat finger would not have had such distinguishing features.

http://www.nanex.net/aqck2/4522/20140106.GC.G14.10.14.12.880_1ms.0.gif
The next chart shows the cumulative sum of trade sizes for each group of trades where a group is distinguished by a jump in the exchange sequence number. Since exchanges use one sequence number for multiple products, you can usually tell if a group of trades is the result of a larger order by the lack of gaps in the sequence number. That means no other contracts traded during that time.
The time axis is the millisecond time component of the second 10:14:12, so that the value 889 corresponds to 10:14:12.889. The value axis is the cumulative number of contracts. The red diamond indicates the total size of a group when a sequence jump is detected.
Notice there are 9 groups that total exactly 338 contracts. Also note that each of these groups are separated by smaller groups of trades, and 3 of these smaller groups total 61 or 62.
http://www.nanex.net/aqck2/4522/20140106.GC.G14.png
1. February 2014 Gold (GC) Futures

http://www.nanex.net/aqck2/4522/20140106.fGC.G14.09.59.41.000_1000ms.0.gif
2. February 2014 Gold (GC) Futures

http://www.nanex.net/aqck2/4522/20140106.fGC.G14.10.13.24.300_100ms.0.gif
3. February 2014 Gold (GC) Futures

http://www.nanex.net/aqck2/4522/20140106.fGC.G14.10.14.04.475_25ms.0.gif
5. March 2014 Silver (SI) Futures

http://www.nanex.net/aqck2/4522/20140106.fSI.H14.10.14.04.475_25ms.0.gif
6. SLV ETF trades

http://www.nanex.net/aqck2/4522/20140106.eSLV.10.14.04.475_25ms.0.gif





http://www.zerohedge.com/news/2014-01-08/proof-golds-latest-slam-was-not-fat-goldfinger (http://www.zerohedge.com/news/2014-01-08/proof-golds-latest-slam-was-not-fat-goldfinger)

[Ponce]

All this movements only tells me that something VERY BIG is hiding behind the curtain and that is hiding something big that is about to happen..........."Get ready today for the way that you want to live tomorrow, for by tomorrow it will be to late".

V

[mick silver]

buy more food and tp