Watch Wholesale Price Manipulation Live

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Market Manipulation Is Not Price Suppression

One of the most annoying claims made by manipulation-focused gold-market commentators is that evidence of market manipulation constitutes evidence of long-term price suppression. The claim is annoying not so much because it is obviously false, but because many people get fooled by it even though it is obviously false.

Experienced traders are well aware that banks and other large-scale operators regularly attempt to shift prices one way or the other in most financial markets to benefit their own bottom-lines. It has always been this way and it always will be this way. As I mentioned in previous blog posts (here, here and here , for example), when news emerges that banks have been caught manipulating prices in a market it isn’t really news at all.

Sometimes the manipulation is unethical and/or illegal (what’s illegal and what’s unethical aren’t always the same), but a lot of the price manipulation attempted by private operators in the financial markets is neither illegal nor unethical. A lot of the time it is a legitimate business practice.

From the perspective of manipulation-focused pontificators about gold , the big story over the past two years was the evidence that major banks had been scalping profits by manipulating the London Gold Fix. Deutsche Bank (DE: DBKGn ) even settled lawsuits over allegations it manipulated gold and silver prices via the London Fix, thus providing plenty of grist for the conspiracy mill.

Assuming that banks were indeed using the twice-daily London Fix to manipulate gold prices, then in this case the manipulation was probably illegal and almost certainly unethical. If nothing else, it involved a breach of trust. However, as noted in a previous post on this topic the price manipulation that potentially occurred via the London Fix could only have affected prices by small amounts for very brief periods. Furthermore, the small effects would have been to both the upside and the downside.

The ‘news’ that banks used the London Gold Fix to illegitimately increase their profits is therefore completely irrelevant to the claim that there has been a successful price suppression scheme in operation in the gold market over a great many years. And yet, it has been portrayed as if it were the veritable “smoking gun” evidence of such a scheme.

If the gold market had really been subject to price suppression over a long period then gold’s performance would be totally ‘out of whack’ with related financial markets. However, that is not the case. For example, the following chart shows the close relationship over the past three years between the US$ gold price and the bond/dollar ratio (the T-Bond price divided by the Dollar Index).

All of that being said, you are allowed to make money in the financial markets by doing something other than buying/owning gold. Therefore, if you truly believe that a powerful group has both the means and the motive to suppress the gold price then the solution is obvious: don’t buy gold.

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4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is the Goal

This is a copy-righted content. This post was originally written in Feb-2020. I have kept it updated since then. There are two squeals to this story
1) Cartel Strike #3: Bitcoin Dump from 10K to 7.5K in May-18
2) Cartel Strike #4: Bitcoin Dump from 6.5K to 3.5K in Nov-18

Please do not reproduce. You ARE WELCOME to post a short summary and link to this post. Please get the permission on my twitter before reproducing in other languages.

Every market has three major dimensions and everyone knows that

1) Technical Analysis 2) Fundamental Analysis 3) Manipulation.

→ The 4th dimension of the market

There is 4th dimension that exists in FEW Markets, Its called “Cartel”. Its primary Goal is “Price-suppression”. Please note — it IS NOT “Manipulation”.

What is the difference between Manipulation and Suppression?

Manipulation is ALWAYS for Money.
Suppression is NEVER for money. Preserving current power control is the goal of suppression!!

Is Cartel Active in Crypto Space?

Absolutely. I am presenting my research so you can validate yourself.

I called for Bitcoin correction of 95% before CME opened its doors. Check my Twitter account @Super_Crypto So far 83% of it is already in place. (But don’t expect 95% correction to happen in one shot. We will see Rallies and Dumps in between. Nothing goes in a straight line. 20K is just the first inning. We are in for a long ride of a few years. This is a 9 inning game)

Since When Cartel Is Active?

Cartel entered Crypto space somewhere in Oct-2020. Their presence started showing the HOUR CME-Futures Market Opened it doors for Crypto.

Bitcoin DUMP started exactly at the moment CME opened Doors at 5PM on Dec-17–2020. See this Daily Bitcoin chart (image last updated Nov-24–2020)

Don’t believe in Cartel?

Good luck to you!! Most denied cartel’s presence and have been brutally slaughtered since the DUMP started.

(Updated Dec-2020) Finally, After 83% Drop Andreas Antonopoulos talked about Cartel

It took 12 months and 83% of drop for people to accept the fact about the “Global Banking Cartel”. And during this time most missed the biggest opportunity of their life by denying the existence of the Cartel. Anyways, better late than never!

Let me disappoint you: There is no escape!

This Is How Cartel has Worked Since CME opened

Check this chart. Click on the image and read all NEWS as they were “Released” EXACTLY at the important TA resistances levels.

Please note: The items listed under Jan-30 and Mar-07 below are the NEWS ONLY. This is how cartel uses media-propaganda to break the price. Ex: Mt. Gox did NOT sell on Mar-07 but the NEWS of this sell was released on Mar-07. Also, the Tether subpoena was issued in Dec-6 but the NEWS was released with the other critical news releases on Jan-30 with the objective to start the next dump….Why did they wait 55 days to release the Tether subpoena news and how did it hit with all other Bad news on the same day? Read this — Bitcoin subpoena news smells like insider trading Now you know why.

Do you know there were 6 days of daily dump after March-07 starting exactly at 11:30 ET?
Zerohedge has recorded it here — It’s 1130ET, Do You Know Where Your Crypto Crash Is?

A serial DUMP since Mar-24 to Apr-01.

Below is another interesting pattern-selling observed from Mar-24 to Apr-01, 2020. What do you see here?

Anytime price tries to recover Dump appears from nowhere

  1. All these are HIGH Volume DUMPS
  2. MOST of the DUMPS start Below the Previous DUMP Price

Does it look like a seller who wants higher price for their Bitcoin or a lower price? I see they want a lower price. Why? Price Suppression!

See what happened Crypto Exchange OKEx on Mar-30–2020?

This is announcement from OKEx: “Dear valued customers, At 5:00–6:30 on Mar 30, 2020 (Hong Kong Time), a number of users performed unusual transactions to manipulate the price of BTC quarterly futures contract, making it deviate greatly from the BTC index. Based on our team’s investigation, the user closed a huge amount of positions at market price without considering the cost, causing it to drop to an unusually low level. We will disclose the transactions details in further notice”

Note the words — “without considering the cost”? This is a footprint of the Cartel in my view. Will the Manipulation Stop after it has been caught? I doubt.

Want to See How the FUD is Manufactured?

Bogus press invitations was distributed to US media organisations claiming that the Hong Kong Monetary Authority (HKMA) and People’s Bank of China (PBOC) are about to jointly introduce new measures to crack down on “all aspects and services of bitcoin trading in both mainland China and Hong Kong”.

Read the above article and ask a question to yourself — Who would do such a thing? Only those who have interest in breaking down the Bitcoin price — Right? Would an ordinary IT guy or a hacker do this? NO — because they cannot benefit from doing this FUD. Only influential cartel who can benefit by creating a FUD would do this.

Let’s get into the fundamentals of the “Cartel theory”

What is Cartel?

Is Cartel active in all Markets?

Not many. Cartel is active in only few markets. If you look at it, in a way OPEC is also a cartel because they control the supply.

Which are those markets?

It’s Gold, Silver, Oil and Bitcoin. Bitcoin was added to the list two months back . (Invisible hand started showing its presence since Dec-2020, even though they entered the market much earlier.) Most people deny Cartel exists, even if they experience the results every day they will continue to deny until 95% REKT. Gold bugs denied it even when Gold and Silver was brought down to earth before their eyes. Gold and Silver was REKT to its production cost ($1200/$14) and many miners went bankrupt. Still there are many Gold bugs that are clueless about Cartel.

— — — The PROOF

Before you read any further let me provide the proof of price-suppression in Precious metals (Gold, Silver, Uranium and all that)

See this 25 years Uranium Chart ?

  1. Uranium rose from $5 to $130 from 1993 to 2007.
  2. Futures Market started in May-2007
  3. See what happened? DROP in Uranium started exactly from May-2007 and it never recovered since then.

Any doubts about what started the precipitous drop in Uranium? Its the Cartel people, and their playground is Futures market.

Lets look at Gold 25 years chart. Cartel started ACTIVELY Suppressing Gold price in Futures market since 2020. What do you see?

(Please note: The Gold futures started much earlier than this — in 1974. In fact Gold rose after futures were introduced in 1974. The reason it was not suppressed in 1974 was — A) there was no need to since Gold was just decoupled from USD in 1971 B) US did not have Debt of 21 Trillion that time. The need arrived with 2008 financial crisis when Gold rose parabolically in 2020 with DEBT. Since then the price-suppression actively started in Gold and Silver markets.)

Lets look at 25 years chart of Silver now. Same as Gold

Let’s compare these charts with Bitcoin? (Nov-2020)

Do you see any Similarities here? What does it tell you? coincidence? Natural-correction? Naaaa. It’s Price-Suppression (not Manipulation).

So far Bitcoin has consistently gone down since the day CME futures started on Dec-2020. Will it follow Precious Metals path? I think so.

Still have doubts? See this recent news in the Gold “futures” market:

Jan 29, 2020 — CFTC Files Eight Anti-Spoofing Enforcement Actions against Three Banks (Deutsche Bank, HSBC & UBS) & Six Individuals — for spoofing with respect to certain futures products in Gold and other precious metals traded on the Commodity Exchange, Inc. (COMEX)

Again, note the word “Futures” above.

6 traders that manipulated the Gold/Silver markets were “Currently or formerly employed by UBS, HSBC and Deutsche Bank”

This is just TIP-of-an-ICEBERG. I hope to write a separate post on PM-suppression-scam later.
— — —

Cartel is like an Invisible Hand!! Deal with it

Who are these entities?

They consist of CERTAIN Traders, Agencies, Big Financial institutions & Media (I can list many more but let’s keep it limited). They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression. See what happened on Jan-30–2020 and Mar-07–2020? (many bad news hitting the market within hours of each other as Bitcoin was sitting on a critical support at 10K). Once 10K was broken the Cartel took over and started shoring Bitcoin like HELL. today we almost hit 8K. (and we are again below 8K when this post was updated on Mar-18)

Why do they do this?

It’s all about money control. Financial elite has recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.

What do they do to stop the RISE of Bitcoin? They first let it rise to unimaginable height (20K first stop). Then they drop it to unimaginable lows. They will do this many times. They have trillions of dollar to maintain the show going, UNTIL the RETAIL investor gives up in frustration. What you are seeing since Mid-2020 is just the 1st inning of 9 innings Bitcoin game.

Bitcoin has been placed into Geopolitical chessboard since Mid-2020. Most of the Bitcoiners have NO IDEA how big this game is. Crypto space is just a pawn on this chessboard and there are elite-fingers moving these pawns (Gold, Silver and now Bitcoin).

Why only Gold, Silver & Bitcoin? Why not Stocks, Bonds, ETF, Index funds, Mutual funds etc?

See this chart. If this does not explain to you why Gold/Silver must be suppressed then nothing will

Everything is about money control under unsustainable Debt load.

When money flows into Gold, Silver and Bitcoin it shows that powers are bankrupt and their “Fiat” money is worthless. If these assets rise, all the money supply will dry up and move into these assets. World will know the King has no cloths.

When money stays in Stock and bond markets it supports Fiat Currency trade. Therefore, it is very important that stock and bonds markets remain intact and have been kept elevated artificially.

In fact, you know what? There is a counter-party to Cartel in stock market and it is called — Plunge Protection Team — PPT.

Cartel’s job is to keep Gold, Silver and Bitcoin markets suppressed while PPT’s job is to keep the stocks and Bond markets elevated.

Here is the job description of the PPT in Stock and bond markets

To keep the Stocks and bond markets artificially elevated using the printed (Helicopter) money so that the dream of fake-prosperity continues for ever as the nations go bankrupt.

Why not Simply Ban Bitcoin (& Gold) and get over with it?

It does not work that way folks. There are severe consequences and repercussions of banning any asset, more so in the world of a social media.

Lets look at the history first
Most of the people don’t know uncle Sam had banned and confiscated gold in 1933 using presidential executive order. See this Gold confiscation order

Two things happen when a particular asset is banned 1) Govts and politicians have to face people’s anger and 2) the banned asset gets people’s sympathy (and people tend to hoard it even more). It did happen to Gold since 1933.

There is another option: Price suppression

This works far better than banning anything. When price suppression happens 1) most of the people reject there is anything wrong or malicious about the price drop (even though the fundamental are strong in favor of the asset). In fact, those point out the suppression are called “conspiracy theorists” 2) As price keeps dropping people start despising the asset. See what happened to Gold and Silver since 2020. The more it dropped the more people hated it. Many Gold bugs sold precious metals at the bottom and switched over to Bitcoin and Crypto (when it was at the top.) This exactly what “they” want the retail investor to do as “they” collect more of it at the lower prices.

Therefore, in the 21st century the easiest option is to manipulate the price of an asset so people themselves want to get rid of it without politicians or govts having to face the consequences of banning an asset. Govts and banks have realized that this works far better than banning anything.

Therefore, in my view, bitcoin will not be banned as long as it can be controlled. But its price will continue to drop (with many rallies in between) so the average Joe remains a bag holder in the end, starts despising Bitcoin & sells it at the bottom as Cartel collects more of it at a lower cost average. Bitcoin will be banned (selectively initially) ONLY if the crypto bull rages out of “their” control.

You have a choice

a. Recognize the threat
b. Keep dry powder ready for possible “unimaginable” lows (for years like gold?)
c. Buy Bitcoin DAMN cheap if it hit there
d. DO not sell your Core position (I am still hodling 70% of my position because I cannot tell when it will turn)

Do anything but please DO NOT sell your Bitcoin to the Cartel. In fact, ADD more as they DUMP it on the market.

This is a game of “Wealth-transfer-from-Plebs-to-Elite”. Here is my pinned tweet written on Dec-02–2020 (I warned Well before it started, thank me later)

What is the Strategy I am using?

I understand: Trading is difficult. If you cannot handle anxiety, then just Buy DIPS and HODL.

  1. Less of HODL, Less of BTFD
  2. STFR — Sell the F** Rallies
  3. BTFDD — Buy the F** “DEEP” Dips.

“DEEP” is extremely important word here. The DIP must be so DEEP (or bad) that everyone must have given up by this time. Buy ONLY that time.

Please note: Tax filing is very painful when you do too many trades. I myself plan to do more of HODL in 2020 than STFR.

I am not claiming I bought/sold at these points. I am just explaining the strategy with this image.

Where will the price suppression take place?

It will be at the Futures Markets and Futures trading at Crypto exchanges.

How did they do it so far?

Cartel heavily bought Bitcoin at the exchanges starting from 2K all the way unto 12K. They let the market fly until 20K. [ Updated Jun-2020: This was recently confirmed by a research paper: NY Times June 13, 2020 — A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year]

CME opened on 17th December and they started selling on exchanges. (See one month before and after CME). Since then the price has gone down tracing about -70% so far.

This is from someone on the Gold/Silver side explaining how Bitcoin is being manipulated down. We can learn it from those who have experienced it first-hand for 8 years — this is by TFMetals — twitter.com/TFMetals/status/979733775633575937

How will they do it in the future?

Initially Cartel will continue to suppress the Crypto prices at exchanges until futures market volume builds (track futures Volume here). Once enough volume is built at the futures market will take over. They will not need cartel to work at exchanges anymore. At this point, cartel will move to futures market, which is their home ground anyways. In simple terms, Bitcoin will be sold as Soybean when volume like Soybean is built at CME.

How long will it continue?

Look at the Gold/Silver Markets for the answer. Price-suppression (manipulation) started actively in 2020. Its still going on in 2020

He told “We Will TAME Bitcoin” even before CME started

Do you think Leo Melamed made this comment casually? I think he meant it and you can see it every days since Dec-17–2020 (CME-future’s market Open)

How will this end?

One day Cartel will lose control of the markets. That day will be EPIC. The prices of Bitcoin (and Gold/Silver) will rise astronomically.

My Bitcoin path is 20K to “VERY-LOW-PRICE” to 100K

Many people ask me do you think it will go to 1K? Here is what I suggest

You want to OWN lot of Bitcoins when it ends

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