SP 500 and NDX Futures Daily Charts - Two Markets - First SP 500 Close Over 2000

"Now listen to the first three aims of the corporatist movement in Germany, Italy and France during the 1920s. These were developed by the people who went on to become part of the Fascist experience:

1. shift power directly to economic and social interest groups;
2. push entrepreneurial initiative in areas normally reserved for public bodies;
3. obliterate the boundaries between public and private interest -- that is, challenge the very idea of the public interest.

This sounds like the official program of most contemporary Western governments.”

John Ralston Saul, The Unconscious Civilization

Wall Street was mighty pleased that the cash SP 500 market managed to squeeze out a close over 2,000 for the first time ever.  Huzzah.  As you can see from the chart, the SP futures markets did not stick a close over that magic wash and rinse number.

There was intraday commentary about the two markets that exist in the US today. One market is for the wealthy and powerful, who often act with privileged information, in secret, and selective enforcement of law.  And there is another market for everyone else.

If you are a wealthy insider, you are allowed to see the 'real' market prices.  And if you are not, you get to see the market which they wish you to see.  This has been designed into the system.  This is not some theory. This is what exists today.   There are more twists and turns to this, with asymmetric access to information becoming institutionalized. But this is a nice example.

And if you wish to know which class of citizen you are, then chances are extremely high that you are drinking from the fountain reserved for 'other' whether you realize it or not.  Just be thankful for what they may give you.  As a scam it is so simple that it is almost perfect: brazen, blatant, effective.

Yes we can.

Have a pleasant evening.

A Tale of Two Markets: One for Wealthy Insiders, And Another For the Rest of Us

"We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”

Blaise Pascal
 

Here is a brief excerpt from an article today by the amazing team of Pam and Russ Martens at Wall Street On Parade titled, Are U.S. Markets Liquid and Deep or Rigged and Broken? I suggest you read the entire article when you have the opportunity as this is just a snippet.

"...the SEC which oversees stock exchanges has allowed both the New York Stock Exchange and Nasdaq to create a bifurcated market. The unsophisticated investor is given trading data on which to base trading decisions on a slow data feed called the Securities Information Processor or SIP. The SIP is not only slow in getting the data to the technology-challenged investor, but it has limited data.

For the rich and powerful on Wall Street who can afford massive fees, there is another data feed offered by the exchanges called the Direct Feed. The Direct Feed data, which has far more useful information, arrives in the hands of High Frequency Traders and Wall Street’s proprietary traders ahead of the arrival of the SIP data. This allows the Direct Feed users to buy a stock on the cheap and sell the stock back to the SIP user at a higher price...

The New York Stock Exchange and Nasdaq, which also have a mandated regulatory role to ensure that their markets are fair and non-discriminatory, have allowed the two-tiered market to exist because they are collecting hundreds of millions of dollars a year selling the SIP to the dumb money and the Direct Feed to the smart money..."

For someone that is not drinking the daily dose of electronic kool aid from the mainstream media, this is a systemic, institutionalized control fraud that inevitably leads to a financial crisis.   And a close survey of the markets today might lead one to observe, 'My God.  These lunatics are going to do it again.'

That is what it is in plain words.   That is what the price discovery of the US, which controls the reserve currency of the world and sets many of its key prices, is based upon.   This is not some rogue trader, or anomalous abuse.  This is fraud that is deeply woven into the very fabric of the system, and is widely tolerated with a self-serving wink and a nod.

For example, the privately held London Metals Exchange was dismissed as a defendant in the aluminum price fixing case today because it is immune from US prosecution as 'an organ of the UK government.'  That is quite an admission, and some organ.   Droit du seigneur.  Reminds one of the motive for dismissal insinuated by the Barrick motion in the Blanchard gold manipulation suit.

What is it going to take to wake people up?  What markets are left that have not been exposed as deeply rigged at their core?

A big part of the rest of the world isn't buying it anymore. And that is taking us into some very deep, dark, and uncharted waters. 

Gold Daily And Silver Weekly Charts - Comex September Options Expiration Tomorrow

Just another day on Hamburger Hill.

Been down so long, it looks like up to me.

 

Shanghai Silver Inventories Fall 24% In One Week

 

Would never know about such things happening with silver bullion in the real world if you are just watching Madame Tussauds-on-the-Hudson, also known as the Comex Keno Parlor and Bullion Bucket Shop.

 

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Sittin' On Top of the World

"On desperate seas long wont to roam,
Thy hyacinth hair, thy classic face,
Thy Naiad airs have brought me home
To the glory that was Greece,
And the grandeur that was Rome."

Edgar Allen Poe, To Helen

I think we are getting close to the end of this wash cycle. I'd expect a sideways chop for a while, barring false flags and other events unexpected.

VIX shows we are back to relative complacency. Big change from the bottom of the rinse cycle, isn't it? Can't be too skeptical or cynical these days.

It certainly looks like the Imperium Anglo-americae will last for at least one thousand years.

Have a pleasant evening.