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McEwen Mining Inc. Message Board

bucketboy08844 6 posts  |  Last Activity: Apr 22, 2016 3:07 PM Member since: Aug 2, 2002
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  • Reply to

    Ok.....The Rigging Game Of Gold & Silver Is OVER

    by easygoin_al Apr 17, 2016 11:52 PM
    bucketboy08844 bucketboy08844 Apr 22, 2016 3:07 PM Flag

    Al - It would appear your proclamation concerning market rigging being over is a bit premature. Perhaps it is coming some day but that day has not arrived. When I saw the big move on Tuesday to the 1275 level coupled with COMEX open interest surpassing $500K I suspected the banksters would walk us back down to the 1225 plus or minus level before the week is over. And right on queue here we are at around 1232 as I write.

    As a rule anytime open interest exceeds 500K an attack on the gold price can come at anytime. The commericials simply write as many nacked contacts as necessary to manage the price. After Dragi's rather dovish commentary about ECB intentions gold surged only to be wacked back done in quick fashion. Can't let gold make any central bank official look bad.

    And they've painted a beautiful head and shoulders pattern with a right shoulder that can't be allowed to exceed 1264 for any period of time since a close and hold above that level for the week would then change the head and shoulder topping technical pattern to a potential upside break out.

    The new wildcard here is what the Chinese have to say next week and beyond with their new Shanghai gold fix and if they really mean business on taking some of the price rigging away from New York and London. Or if they just plan to move the rigging operation to Asia.

    Sentiment: Buy

  • Reply to

    low volume, meaningless move....

    by fike49 Mar 23, 2016 3:37 PM
    bucketboy08844 bucketboy08844 Mar 23, 2016 4:02 PM Flag

    And the criminal bank cartel running their gold price management scam in the futures contract market selling short what they don't have to somebody else that doesn't want it.

    Sentiment: Buy

  • Reply to

    The dollar is on a parachute jump

    by rxbond Mar 17, 2016 10:08 AM
    bucketboy08844 bucketboy08844 Mar 17, 2016 3:50 PM Flag

    To me the entire situation is a bit comical. You know something is going to go wrong at some point even though the idiots in the show don't seem to realize it. Sort of like watching the 3 Stooges, with the Fed cast as Moe, the ECB as Larry, and the BOJ as Curly. Lots of slapstick entertainment but not a lot of real work going on there.

    Sentiment: Buy

  • Reply to

    The dollar is on a parachute jump

    by rxbond Mar 17, 2016 10:08 AM
    bucketboy08844 bucketboy08844 Mar 17, 2016 1:45 PM Flag

    Absolutely, selling Yen and buying dollars to drive the Yen lower. When you have monopolistic power over the creation of money and care little if anything about its 'value', what do rates matter?

    Sentiment: Buy

  • Reply to

    The dollar is on a parachute jump

    by rxbond Mar 17, 2016 10:08 AM
    bucketboy08844 bucketboy08844 Mar 17, 2016 10:40 AM Flag

    BOJ intervened at 8 AM this morning to halt the rise in the Yen vs. the Dollar.

  • Reply to

    Time To Buy MUX With Both Hands

    by easygoin_al Feb 26, 2016 12:09 PM
    bucketboy08844 bucketboy08844 Mar 1, 2016 7:28 AM Flag

    I share your view but I am cautious on the 'price' of gold in the next week or so. I suspect another overnight COMEX knockdown is in the works. Commercial short volume is high and its overdue. Commentators will say its a technical more or some other BS rather than coordinated criminal action.
    And the price of gold is not really the price of gold as would be determined by supply and demand. Instead its the price of a COMEX contract. The COMEX, where gold is sold by someone who doesn't own it to someone else who doesn't want it.
    Also, if you watch changes in the dollar-yen pair and track it you'll find it correlates extremely close to dollar price moves in gold. My guess is HFT algo's are buying gold when the Yen strengthens and selling when it weakens. More money flow fun and games.
    Time to be careful.

    Sentiment: Buy

MUX
2.21-0.18(-7.53%)May 27 4:01 PMEDT