Turd's Crystal Ball

I get asked often just how I'm able to so accurately price movements in gold and silver. It's not complicated. You can do it, too.

Once you admit to yourself that gold and silver are not free "markets" in the traditional sense, you're halfway to Junior Turd level. The Evil Empire, at the behest of The Treasury Department and Federal Reserve actively manipulates/suppresses price through the creation of unbacked, "paper" gold. In short, they raid the price by picking moments of bid weakness to simply overwhelm the bids with an avalanche of sell orders. This causes a period of rapid price drops. Tomorrow I will post a price chart from November 3rd that clearly shows their dirty, unfair work.

Now, once you know who's in charge, a quick study of the daily and intraday charts can give you ample warning of where and when the EE will attack. Their favorite time to attack is always going to 7:00-9:00 am eastern. Volume gets very quiet then as Asian and European traders are calling it a day but Americans haven't yet had their morning coffee. These early session raids are so utterly predictable that they almost become comical in the blatancy. Later, if you have a few minutes, review this:

http://www.zerohedge.com/article/guest-post-gold-market-not-“fixed”-it’s-rigged

Absolutely one of the best, well-researched and complete reports on the Evil Empire manipulation ever written. As a bonus, in the comments section, you get to read some of the nonsense one "johnny bravo" used post for laughs. What a tool that guy was.


OK, on to today. As predicted via Crystal Ball, gold traded to 1358 overnight. Between 7:00 and 9:00 EST, it took four stabs at that level before finally giving up. On cue, here came the EE and price was driven back from 1357 to 1348 in 41 minutes, beginning at 8:51 EST. It has since stabilized around 1350  Silver was similarly beaten back from the expected resistance level at 26.60. It rolled back down to 26.35 but it is already beginning to crawl its way back higher and that is the key.
Again, as mentioned yesterday, silver is now the driver. I expect silver to consolidate this morning but then drive higher, through 27 and on to 27.50-75, maybe as soon as tomorrow. This would bring gold along with it, maybe to 1365 or so.

That's it for now. I'll try to update again later, closer the Comex close.