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This RANT was catalyzed by the incessant “walk-downs” PMs endure nearly EVERY NIGHT in New York “Globex” trading – from 6:00 PM EST until the Shanghai Exchange opens at 9:00 PM EST.  A perfect example of the “typical” night can be seen below (blue line); in which a Cartel ATTACK during the early Globex hours, immediately reversed when Shanghai opens…

24-hour-spot-gold-march-22-2013

Of course, the BEST example is May 1st, 2011 “SUNDAY NIGHT PAPER SILVER MASSACRE.”  The Chinese markets were closed for a holiday; but the Cartel knew passive Shanghai trading would be enabled when at the onset of normal trading hours.  Hence, the Cartel ATTACKED at the Globex open; at the MOST THINLY-TRADED time of the ENTIRE WEEK…

24-hour-spot-silver-may-01-2011

Since 2011’s Global Meltdown II – replete with U.S. government downgrade – the Cartel has “stepped up” its suppressive tactics; to what “manipulation expert” James McShirley deems the “new 100% paradigm, up from 99%.”  In fact, on January 23rd, he referred to the specific phenomenon described above…

We have now reached the point where there are nearly100% chances of selloffs at the 8:20 AM EST COMEX open and the 6:00 PM EST Globex open.  Nearly all the manipulations I track have 80%+ probabilities; but these two have virtually reached absolute certainty.

I know EXACTLY how he feels; and thus, was highly encouraged to read Jim Willie’s latest Hat Trick Newsletter – wherein, he wrote the following:

The new Shanghai Futures Exchange (SHFE) will start operating during London and New York hours, in a direct challenge that will take place before year-end.

However, what really piqued my interest was the following:

The SHFE currently trades from 9:00 AM to 11:30 AM and 1:30 PM to 3:00 PM, Beijing time. The extended trading hours will bridge the gap between domestic investors and foreign markets; and align the exchange with international practices.

WHY was I so excited, you ask?  Look at the latter time frame, and consider that Beijing is 12 hours ahead of New York!  In other words, the SHFE closes at EXACTLY 3:00 AM EST; or, as I have deemed it for years – CARTEL ATTACK TIME #1.  I have long known that 2:15 AM EST represents the open of the thinly-traded London “pre-market” PAPER session.  However, I never understood why so many raids have been perpetrated at EXACTLY 3:00 AM EST – until now.

Willie finishes the passage with the following:

The longer coverage enables competition between potentially clean markets and corruption; the latter, particularly at the beginning of the London and New York trading days.  During early New York hours, it will be early evening in Shanghai; with light but notable volume – perhaps, enough to counter the typically extreme, nasty declines Wall Street has made customary.  Moreover, in the early London hours, it will be mid-afternoon in Shanghai; with brisk volume – perhaps sufficient to counter the London fix.

Let’s face it, the MAJORITY of global PMs are owned by Easterners; with China representing the largest pocket of incremental ownership.  There is NO WAY gold should ONLY rise meaningfully during the opening hours of COMEX PAPER trading; and once Chinese markets become as GLOBAL as New York and London, said “competition” will not only mute Western raids, but enable Eastern PM surges; and eventually, the Cartel’s DEMISE!

PROTECT YOURSELF, and do it NOW!

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