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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…


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…


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!


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