Ranting Andy on government manipulating HUI in MIDAS yesterday
posted on
Mar 26, 2011 03:20PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Ranting Andy...
INTO THE CLOSE: Gold, silver rising, Dow doesn't budge - AND THE HUI GETS SLAMMED AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! GOV'T COMPUTERS COMPLETELY CONTROL THE HUI NOW, 100%!!!!!!!!!!!!!!!!!! BILL, THIS NEEDS TO BE PUT IN MIDAS AT SOME POINT!!!!...
My motto re: the suppression for the past nine years has been “every day worse than the last”, and it never fails.
But these past two days, following Wednesday when silver exploded over $38 and gold was maniacally capped once again at $1,440, has seen the most incredible manipulation of the PM STOCKS in history.
Since roughly early December, when silver first rose to $30, the GOVERNMENT COMPUTERS have completely and utterly taken over trading of the HUI stocks, as well as some other high profile names such as SVM. I literally have seen no more than 3 or 4 periods of an hour or less in 2011 when the stocks seemed to act on their own volition and rise, but each time the GOVERNMENT COMPUTERS came in to swat them right down with algorithms that now can drop stocks by $0.05-$0.10 in literally ONE PRINT.
Just like watching GLD and SLV for years, in which the ASK size is higher than the BID size 99% of the time, I am seeing the same thing with even the highest quality stocks (such as SVM) all day, every day. They fight their way up one penny at time, even when gold/silver are soaring, expensing enormous volumes to increase, but the GOVERNMENT COMPUTERS are set with algorithms that retard all increases with naked shorting, and attack violently any time market activity quiets and/or the sector “must be quashed.”
And it NEVER, EVER STOPS!
Yesterday and today were carbon copies, with gold and silver up all night (for good reasons), and then suddenly plunging in NY for no discernible reason, attempting to rally over and over and over and over again, each time stopped cold, as always, to prevent the fabled key upside reversal, which literally hasn’t been seen in the PM sector for more than five years.
Today’s close was the most ridiculous of all, as silver actually SURGED to its afternoon high at the close, the Dow didn’t budge (as always), and the HUI was dropped nearly a whole percent.
In the past, it would mean that an attack was imminent on Monday, but I don’t believe so anymore (although of course there will be, as we are now seeing early COMEX smashes 90% of the time). Now it is ALL about controlling perceptions and preventing a run on the PMs, especially as silver is at the edge of the abyss.