Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	8/29/2011 1:28:58 PM
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Painting The Tape tfmetalsreport.com Monday, August 29, 2011 at 10:59 am "Painting The Tape" is an old stockbroker term. In essence, an individual conspires to make the "tape" look positive or negative for the day by dumping a bunch of orders right at the close, thereby "painting the tape" with the illusion of all-day strength or weakness. It used to be a somewhat common practice. It also used to be illegal. As this pertains the the PMs, The Cartel regularly conspires not to paint the "tape". No, they have bigger goals in mind. They want to paint the entire chart. They know how much money is run into and out of the metals pits each day by chart-reading, HFT algos. They know that if they can cweate a scawey chawt pattewhn, they can induce WOPR to help them out on the sell side. You can always count on The Cartel to never miss an opportunity. Double-tops, outside reversal days and H&S tops. If the opportunity is there, they're going to take it. I mentioned this likelihood last week and in the previous thread. From Thursday: "All of this will come to a head tomorrow and over the weekend. Get ready because here comes Ole Turd with another attempt to predict future events! ..more

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