Tuesday, May 11, 2010

Short sellers cartel at work.

In an age of technology, truth has started to take its stand against the mammoth cartel of the spider web of giant Investment Banks and Dealer Networks who are fronts for the governments and shadowy agencies whom they represent. Truth shall win and they better know this for their own sake.
The Gold and Silver Manipulation spanning decades (going back well back into 1980s) has now taken mammoth proportions, one that could bankrupt not just a few banks but entire countries along with their central banks. Prime in this network are the Bank of England and the FED reserve who have been caught on the wrong side.
Hitler spoke proudly about Gold manipulation “Gold is a state policy” meaning anyone found holding Gold will be punished. It is almost as if we are living in Hitler market in the precious metals pit.
For the first time now, the CFTC (The regulator) has a whistle blower testimony to make a legal move against the cartel of JPM and other trader network. In an incredible audio interview, the London based former Metals trader, Andrew Maguire, chronicled the silver manipulation, Trade by Trade in his running commentary to CFTC.
Tracking the Dow on Tuesday,11/05/10.(8 market days to index/options expiry).
Asian Index futures expiry:28/05/10
9:30am:--A bearish 100.0 points spike down.Worry about eurozone countries underlying problems unresolved.A bullish inverted hammer follow suit.
10:30am:--Opening gap down is now covered half body with a slight oullback.
11:30am:--Wholesale inventories for March increased 0.4%, which is slightly less than the consensus.Opening gap is now fully filled at session high.
12:30noon:--All three major indices have pushed into positive territory across the board.Hitting a new session high with bearish spin.
1:30pm:--A bearish hammer seen near the top.Eurozone worries still lingering.
2:30pm:--A new high of the day was soon being engulfed by three black crows back to the opening which is currently the MAV support line.
3:30pm:--Indicies got hanged back to the bear pivot.
4:00pm:--Bearish engulfing with attempt to test the bear support line.
The stock market showed signs of stability Tuesday as major indexes held on to most of their rebound from last week's big drop.
Tuesday bearish candlestick is a bearish spinning top so another pullback to the half body is necessary to form a pair.
The 7th day before the index/options expiry will see another volatility rebound.Signs of rollover contracts will start to emerge with further short-coverings.