I gave up on stock house about a year ago due to the infestation of absolute slime. I only peak in there once in a while and what do I see? A news release for ECU from agoracom. Thought I would add this summery on the day from Midas.

Good evening all

Deno

What is left to say about the US financial market farce? What is amazing, even to me, just when you think the US financial market manipulation could not be more blatant/egregious, it gets even more so. Today’s early trading might take the cake for the totality of interventions and counterintuitive market action.

I am listening to the CNBC puppets crow about this AMAZING day. Gold was flying last night and this morning, the dollar was weak again, and the DOW was lower. THEN, a horrendous jobs number was released, with significant downward revisions of prior months. GULP! The jobs picture was the last bastion of hope for the Planet Wall Street bulls. The numbers just released were a DISASTER.

So what happens? The DOW opens 120 lower and then goes up 40 on the day in the first hour of trading. Gold, goes from up $14 to down $6. The tanking dollar turns around and goes positive, with the euro losing .50. Makes a lot of sense, eh? While the guests on CNBC can all scratch their heads and be confused by this stuff, the Planet GATA gang knows all too well what this contrived drill is all about … yet another heroin fix by the market manipulation addicts running the show in New York and Washington.

This is so tedious repeating the same crap over and over. Yesterday gold was bombed with the euro up a point plus. That made no sense (except to the GATA camp again) unless you know The Gold Cartel nails gold practically every time a significantly negative US economic number is to be/is released. Had gold not been trashed yesterday, it would have soared over $1,000 this morning on the nightmare US jobs report. The Gold Cartel made sure this widely watched barometer of US financial market health would not show distress by waving its soaring price flag, especially over the psychologically important $1,000 level.

While The Gold Cartel was working gold over, the PPT got its gang to prop up the DOW and bring it back above 12,000 again (if only briefly in the AM), This continued market interference is so sickening. The Orwellian cretins continue to thwart the free market process and foster continued morally hazardous investing among the naive general public.

As the morning wore on, eager stock market sellers thanked the PPT for a gift and used their prop job to exit the market.

Meanwhile, oil went positive and gold managed to rise a couple of bucks. However, each time the DOW lurched lower, gold was whacked. What was most striking during this orchestrated gold drilling was the bubbly silver action. With gold down on the day at times, silver was up as much as 25 cents.

Can any of the dingbat pundits out there who comment on gold explain why gold went down a fair amount today, yet silver, copper, gasoline and oil were little changed to higher? Don’t tell me the dollar. What about yesterday? Only a slightly rising dollar affects gold?

Silver was firm all Comex session long and probably would have soared if not for The Gold Cartel pounding gold. Anyone who has traded silver knows how SIGNIFICANT this is. As stated for many weeks now, silver is trading differently … and showed us so again. In the past silver would have been trashed. Not so today … silver was also pounded early, tanking to $19.87, but then ROARED back.

Silver is seriously “in play.” The silver shorts know this and are using any kind of dip to cover their positions. My bet is we are very close to an all out silver buying PANIC. Stay tuned and don’t fade a probable moon launch.

The gold open interest fell 4915 contracts to 484,899.

The silver open interest only fell 256 contracts to 165,488.

The gold COT report came in as expected:

*The large specs reduced longs by 9,673 contracts and increased shorts by 3,910.