Gold Daily and Silver Weekly Charts - Ted Butler Calls Out JPM For Silver Manipulation - Stille Nacht

"I am talking about the data over the past seven years that show JPMorgan of having sold short on every silver rally to cap those price rallies to the extent that the bank held short positions that sometimes totaled over 200 million ounces and more than 30% of the entire market. And then the bank buying back every short position it added at a profit, never once taking a loss. Now this crooked bank has amassed more than 400 million ounces of physical silver at the depressed prices it created itself by continuing to short futures on the COMEX.

So let’s get back to why JPMorgan has been silent in the face of allegations that would constitute libel if they weren’t true. There is only one possible explanation – the bank just doesn’t want to go there. To react in any way to allegations that it is crooked in silver would bring outside attention to this issue. Any blowback from JPM against me would invite an investigation by the media and the investment community into what this issue is all about. I believe JPMorgan knows this and is doing what it can to prevent exposure, namely, allowing the allegations to go unanswered."

Ted Butler, An Unprecedented Circumstance

I doubt any of the Banks fear the media these days.  Except for a few mostly independent holdouts, investigative journalism in the US is subdued, if not comatose.

More likely they fear provoking a real 'discovery process.'

I am surprised that one of the commodity producing countries has not raised the issue of global price manipulation with the WTO, since besides the mining companies, they have the most to lose.

FOMC meetings with an announcement on Wednesday at 2 PM.

What is surprising is not that men and women will lose their souls, the only thing that they can ever possess that in the end really matters.

No, what is truly surprising is that they do so almost without a care or a thought, and for so little.  Almost as if their humanity was somehow a weakness, and their conscience a liability to be feared.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Wash and Rinse

Stocks were in a wide trading range today, as the algo held a little preliminary 'wash and rinse' ahead of the FOMC announcement on Wednesday, and the quad witch option expiration on Friday.

Have a pleasant evening.

Silent Night, 1914

Late on Christmas Eve 1914, men of the British Expeditionary Force (BEF) heard Germans troops in the trenches opposite them singing carols and patriotic songs and saw lanterns and small fir trees along their trenches. Messages began to be shouted between the trenches.

The following day, British and German soldiers met in no man's land and exchanged gifts, took photographs and some played impromptu games of football. They also buried casualties and repaired trenches and dugouts. After Boxing Day, meetings in no man's land dwindled out.

The truce was not observed everywhere along the Western Front. Elsewhere the fighting continued and casualties did occur on Christmas Day. Some officers were unhappy at the truce and worried that it would undermine fighting spirit.

After 1914, the High Commands on both sides tried to prevent any truces on a similar scale happening again. Despite this, there were some isolated incidents of soldiers holding brief truces later in the war, and not only at Christmas.

British Imperial War Museum, The Real Story of the Christmas Truce

Gold and Silver Daily Trading Patterns For November 2015

Does anyone see a marked daily pattern in the precious metals for the month of November?

What a surprise!


These charts are from Nick Laird at goldchartsrus.com

For Those Who Would Play With Fear, Intolerance, and Anger

In 1990 I was at an international communications conference in Berlin hosted by Deutsche Bundespost Telekom.

On the weekend I took a long autumn walk from my hotel down the Tiergartenstrasse past the park, and up to the Unter Den Linden, and from there to the Brandenburg Gate.  The famous 'Checkpoint Charlie' was no longer standing, but you could see where it had been.

I had wanted to see the Pergamon Museum in what had been East Berlin on 'Museum Island' in the Spree River, to see the famous Pergamon Altar, and the Ishtar Gate and Processional Way.  I also visited the Alte Nationalgalarie.

Some of the other buildings were old and in a state of disrepair.  I remember how many still carried bullet holes and signs of the war, even after so many years.

But on the way there, between the Brandenburg Tor and the Staatsoper Haus, I happened to spot a memorial at Bebelplatz. And in the middle of the square was a metal plaque.

"In Der Mitte dieses Platzes verbrannten am 10. Mai 1933 Nationalsozialistische Studenten die Werke Hunderter freier Schriftsteller, Publizisten, Philosophen und Wissenschaftler."

In the middle of this square on 10 May 1933 National Socialist students burned the works of hundreds of freelance writers, publicists, philosophers and scientists.

In the federal elections of 1928, the Nationalsozialistische Deutsche Arbeiterpartei or NSDAP received only 2.6% of the national vote.  They were widely considered to be an oddity and a joke.

Even though the German economy had stabilized by that time in the aftermath of the Weimar hyperinflation of 1918 to 1924, the Crash of 1929 drove unemployment rose from 8.5% to 30% by 1932.

In the federal elections of  July 1932, the NSDAP received 37% of the national vote, but 230 seats in Parliament, it had become the largest single party.

In the federal elections of November 1932, the last free election in that nation for some time, the NSDAP received 33% of the national vote, and 196 of the seats.

In a January 1933 compromise promoted heavily by industrialists who feared socialism and communism, the NSDAP party leader was named chancellor of a coalition government.

In February 1933 there was a fire that destroyed part of the Reichstag building that was blamed on the communists.  In response, the government passed the Decree of the Reich President for the Protection of People and State , Reichstagsbrandverordnung, which suspended civil liberties and outlawed all other political parties.   This is also known as the Machtergreifung.

In March 1933, in an election marked by violent repression and the silencing of most political opponents, starting with the left but moving quickly to include the Social Democrats and the Zentrum, or Center Party, the NSDAP received 43% of the national vote, and 288 seats out of 647.

The Enabling Act, Gesetz zur Behebung der Not von Volk und Reich, was passed, and plenary power was granted to the Chancellor to enact laws without the involvement of the Reichstag.

By July 1933 there were about 27,000 key political leaders and journalists, in opposition to the NSDAP, housed in newly established concentration camps in Oranienburgm Esterwegen, Dachau, and Lichtenburg.

There were no more meaningful elections until 1949.

In their fear and anger some of the German people reached for a strong and decisive leader who promised them a return to normalcy and freedom from their confusion, and sought to preserve themselves as they wished to be with the heady fumes of power.   The will to power serves none but itself.

The great majority of the people looked on, and did nothing.

And the rest, as they say, is history.

"Das war ein Vorspiel nur, dort
wo man Bücher verbrennt,
verbrennt man am Ende auch Menschen."

Heinrich Heine, Almansor: A Tragedy