Gold, Einstein And The Great Fed Robbery

Billions of dollars on the line, the incentive to cheat is just massive.

excellent article!

"Conclusion
There are 2 possibilities, and both aren't good news for Wall Street.
1. Released by a News Organization
...
2. Leaked to Wall Street
...
We think it was leaked. The evidence is overwhelming."

I have previously asked the question as to what electronic devices are allowed with the press into lock-up rooms before important news releases. So far, I have not received any response.

One day the truth will come out to us retail traders.

heavy duty, ff? go check your own records - the news was leaked (at least) about 15min before news time.

Brilliant use of science to prove what is in reality INSIDER TRADING, by far the most profitable trading. Unfortunately the same science cannot discover who the insider/s is/are. However, I understand that it is not a criminal act for any US politician to profit from the same insider trading that would get you or I a long
spell in prison. So plenty of LAWFUL inside information there. It is also highly unlikely that the PRIVATE BANKERS WHO OWN FED were similarly kept in the dark until the news release. Consequently we have this group of bankers who can profit from that information, just provided that it is others who use the information, leaving themselves in the clear, so more LAWFUL inside information. A very good business model for any organisation. IMHO the US system is just as US as any other where profit rules absolutely.

So fucking what!

If you lost money tough shit.

Millisecond this millisecond that...means fuck all.

Its their game and they let us play...every so often they take the ball away.

I bet the fucker who wrote this was a real snitch at school...please sir Joe Bloggs just swore at me...please sir this please sir that.

Next time there is a news release like this keep your hands in your pockets.

HI Steve you are so correct about crybabys on my openbook I recommended to copiers they copy with $110.00 only 42 people out of 1030 copiers did so , I moved stoploss to take in the news wed and some people lost money THEY CANT HELP THEM SELVES EVERYBODY ELSE IS THE PROBLEM NOT THEM copying with $20 to $50 I say to them take your nappys of and get into the real world

A little dissappointing really.
When I read the headline I thought for sure we would be discussing the Feds great German Gold theft.

insider trading...leaked

thanks einstein..tell us something we dont know

Yeh but there are certain standards that must be upheld in order for the economy to be able to keep the standard of living high and improving. It's clear to me that as these standards are intentionly allowed to slip the standard of living is eroding with it, and it's a slippery slope. Life expectancy, intellectual achievement, individual financial security, Happiness Index if you will, are in danger of beginning to slide fast now.

Bill Black, the FBI person who was in charge of the S&L crisis (a tiny blip vs. 2008) says they locked up over a thousand people with convictions in that crisis, but that the FBI no longer has the budget, and therefore authority, to do financial impropriety investigations. They're too busy inventing the next terrorist sting, at huge expense. So as to 2008: you can count the prisoners doing time on one hand. And it is the excessive power of the purse of a less than savory bunch of insiders and their unmonitored lobbying and influence peddling which has caused this situation.

I'm 57 and I can tell you that people used to have a different idea of what decency was. The current state of affairs in this wise is largely due to a bunch of crappy (though effective) propaganda, directed against the "useful idiot" types who can be pursuaded that this is a normal and desirable state of affairs, and benefit - but nothing like their masters - from it. And it's the same unsavory types who have "bought and paid for" this propaganda and influence directed at eroding our moral discernment which has brought us our new, and ever improving "real world" ... Zietgeist.

The forex industry is a case in point. Dodd-Frank ruined the forex industry in the US for the benefit of a few big financial players. The forex brokers, the vangard of innovation in the financial industry, were simply no match for the big players, so they kicked them out. This goes against a large body of law. And there's a reason for that: large blocks of money need to be spread around - not consolodated - in order to allow the maximum creative benefit to the economy and the people living here. Do you think they need all that regulation and oversight to make sure brokers are not crooked? It's a Soviet-style make-work program. There are legal remedies for that type of thing. And things like ForexPeaceArmy. Market forces are a strong advocate for good business practices. But No! We've got to trade with the debilitating FIFO rule hounding us - an extremely annoying rule, I'm sure anyone who knows forex will agree - and 50/1 leverage - where any position of a given size is effectively twice as risky. And THIS is to protect us from ourselves?! Come ON. It was done, we understand, for the purpose of benefiting other markets that have more effective lobbying and political connections. (Of course you can hardly blame them because Frank&Dodd et al were certainly stupid enough to let them have their way.) The effect of binary options regulation will be the same: Exchange only? Which exchange? Mr. Beinart's or Mr. Kantor's? ((Not to diss either of them: they have made clever moves and may end up benefiting greatly.)) Both sets of regulations will have the effect of consolidation still larger quantities of money in a few hands. To everyone's detriment.

I certainly don't think the forex market, or any other market, should be the exclusive property of anyone or any group as you seem to suggest. And I say - when you have people who engage in financial impropriety -Lock 'em Up.

Very good Bruce, it is becoming evermore brutal and obviously one sided.
Good to see some old school values still exist in people, but the machinery of todays financial, political, power induced world simply tramples and steamrolls over it.
I agree when you say we are being successfully fashioned into accepting todays deception as "ok". Once enough major players are in your pocket, you generally become untouchable and it's simply becomes a matter play ball with our crooked referees or leave the park.
Unfortunately, I don't believe things will improve. In fact as the "impropriety" becomes more and more obvious and exposed, the simple "remedy" will be to ensure that all potential loose ends are added to the payroll. Simultaneously, more inventive stories will be created to strangle the little guy masses even more and have them believe it is for their own good.
It's becoming more and more like deceptive evil in it's purest, predictable form.

oh yes! Everything is only relative! So, im not surprise that!

And I say that too; and I am pleased that certain crooks in the ratings agencies and banks are being brought to account.

We small guys have only one recourse, complain to the supervising bodies, and keep doing it until something happens.

Then on the other hand: What if they hadn't done the gold manipulation, what if the bullion banks had continued to default? We'd be REALLY fucked. Or the forex market: It's easy to see when they're doing it because they can't seem to make a chart pattern that's realistic. Or can't be bothered. So we have price stability. It's certainly the only moral thing for them to do at this point.

But yeh this particular story is of the seedy type. If it's true they should be dealt with. And - not that I'm optomisticabout this - with proper criminal prosecutions the weight will start to be lifted off the little guy.

Guys Gold Market is really emerging..

I must say to keep your temproment high and have a sound amrket knowledge use your own skills to get maximum Output... Happy Trading..!

It's interesting to read about and I'm curious what will come of any investigation and certainly all for it. There is no way to hide a futures contract transaction.

I realize too that even the smallest, least sophisticated trader could have had a hunch that because the previous unemployment was so disappointing that the Fed would not taper and then placed a buy stop in futures slightly above the previous high and automatically gotten long if his hunch was correct.

Apart from this particular story, the frequency of this type of allegation of "inside information" (accompanied by wild price action) is becoming higher. The usual line is early release of sensitive news together with HFT robots running amok thereafter. The large trading institutions pay fat amounts of money to media organisations that can feed them information a couple of milliseconds faster than the rest.

This cannot be good for the online trading industry as a whole, be it forex, commodities, indices, equities or any other financial instruments. The average retail trader is eventually going to say "what the hell, the odds are stacked against me, this is a mug's game". Having traded regularly for around five years (and if I don't trade at least once a day, that's an exception), I have cut my exposure to about one-tenth of usual during the last few weeks. I do not trade only or even mainly on fundamentals, I rely more on technicals in which I have received extensive training and mentorship.

Those forex platform adverts that pop up on most financial sites saying "I made $ xxxx in a month, then the next newby pops up saying "I made $ xxx while I was sleeping", and so it goes on with everyone winning and not one trader ever losing, well those adverts will be laughed at by all except the most gullible.

All in all, not really a conducive situation to attract new conscripts to the trading business. It will probably end up with only HFT robots participating in active trading - algo vs. algo, and the institutions chasing all the small guys out of the business.

Anyone actually discerning what the FED SAYS & not what the intentionally misled media says.

Ask Bill Gross if he was willing to make large bets against the grain.
Of course he was bc he was listening in the correct direction. Biases will destroy a trader. Forget your opinion & get focused on the game at hand.

It is their game, & it's big $ for them. Play their rules & stop working against yourself for their profit. Stop listening to media & especially other "traders" who are as confused as you are.

The tools, the tricks, the stories & the releases are used against you for their profit. Would it really make sense otherwise?

Buck up little soldiers & welcome to the unfair reality of life.

Hey Trout

It just so happens that I happened to have just such a hunch, though wasn't trading at the time, and that 1:59 glitch in the yen pairs would probably have thrown me off badly. Ugh. Do you suppose they put those things in for realism? (Note my now general state of disbelief.) I knew one guy who could do that kind of thing - like a Kamekazi pilot on a M1 chart. That Traders' Association Guy.

Glad to see your post.


It doesn't bother me. In fact I think there are many retail traders like me, who spent a lot of time learning how to trade (or maybe they didn't) and actually find it to be a big ego boost, since there seems to be a lot of professionals who have never learned how to trade reliably - and feel the need to engage in that kind of thing, as described in the article, or else some sales scheme or other that big brokers do, whether because of some inborn proclivity or a "lack of choice" - and wouldn't be able to trade in one of our little retail accounts without screwing it up.

Computers are stupid. They are only as good as the algorithms that they are running. Doubtless they will improve, but they will also create opportunities for manual traders.....

That aside, if you trade longer time-frame it will not affect you, and trading longer time-frame means you get time to chat on FF.

Trout is correct. There is no way to hide a futures transaction, Jay.

But what the exchange can and does hide is who made the transaction. So the evidence is all there on record. But to make them talk ... well that's another business.

We should go back to basics, like in the old days: the mafia bouncer holds up the face of the "informant" next to a whirling airplane's propeller and saying "you gonna talk or what".

trade safe.

Remember the film WALL STREET.

The guys who win are not the faster ones, they just have the right information at the right time (before everybody): the personnal network of informators is the real key to win.

Small traders try to 'follow"...

Insider trading and manipulation can be easily proven on human TFs.
No need to go to the quantum world and bust your brain with relativity theory.
Instead use fractal theory and you'll realize that what happens in the micro happens to the macro but not necessarily in that order as the universe is chaotic and predictable that much.

On the other hand market can be highly predictable as 99.9% after a media buzz based on fundamentals we have a move based on science and vice versa. Consequently now that EVERYBODY has lost trust on fundamentals and high esteemed media analysts expect the obvious and not something that is explainable by Albert himself:
"In physics, the relativity of simultaneity(wikipedia) is the concept that distant simultaneity – whether two spatially separated events occur at the same time – is not absolute, but depends on the observer's reference frame.
According to the special theory of relativity, it is impossible to say in an absolute sense whether two distinct events occur at the same time if those events are separated in space,..." aka we found the defendants NOT guilty.

My humble opinion is that something might happened in one of the Calabi-Yau space dimensions causing a normal local gravitational distortion resulting a minor temporal displacement... This or the info leaked inside the weekend gap(if not since July 8th-10th).

Reminds me the Animal farm ... All traders are equal, but some traders are more equal than the others.

So there was a glitch in the space time continuum or the more equal traders got it before the others!! Guess what! Funny old world

....I see Mr.Gun is back...

Clipped from an AFP report:
"The US justice department is preparing to file a civil lawsuit against banking giant JPMorgan Chase over its handling of "subprime" mortgages after settlement talks broke off, the Wall Street Journal said."