From GATA this afternoon:
"What would you do if you had not only just been exonerated by the CFTC, but basically knew there is NO gold or silver manipulation that could run afoul of their "strict" criteria?
Relentlessly bomb the hell out of it, that's what you would do.
And indeed they are. As has been the constant pattern lately it only takes the cartel 2 or 3 crucial minutes to do the damage. The illiquid pre-Comex open, the first minute of the Comex open, and 10:00 AM are tried and true.
8:00 AM: 120 Dec. contracts traded
8:01 AM: 4,531 Dec. contracts traded
8:30 AM: 594 Dec. contracts traded
8:31 AM: 8,175 Dec. contracts traded
10:00 AM: 284 Dec. contracts traded
10:01 AM: 1,738 Dec. contracts traded
The key to any pre-planned avalanche is to set the dynamite in the perfect location. Just those 3 minutes blasted $27.80 off the POG.
Those monstrous 8,175 contracts at 8:31 AM are right up there with any single minute of last April's smash job, an average of 136 per second.
Note too the precise timing of the algo bombs- exactly one minute after the hour, or half-hour at 8:01 AM, 8:31 AM, and 10:01 AM.
When the government has finally shut down you must deploy maximum MOPE, and step up your algo game. With the whole world now watching any U.S. reaction there must be stability of all paper instruments, and instability of the logical alternative.
We now wait for the cartel trifecta X (at least) 3, with all manipulation rules now in full force."
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