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PostSubject: Welcome to the Machine   Thu 06 May 2010, 6:40 pm

"So this is what high-frequency trading looks
like. Just before 3pm today, the Dow Jones Industrial Average went from
being down about 180 points, mostly off continuing fears over the Greek
debt crisis, to falling off a 900-point cliff, to then rallying back
another several hundred points. All in the span of about 20 minutes.
During that span, share volume spiked to its highest levels in over a
year, to over 4 million shares being traded in the Dow Jones alone..."

http://blog.newsweek.com/blogs/wealthofnations/archive/2010/05/06/the-computer-glitch-felt-round-the-world.aspx
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PostSubject: Re: Welcome to the Machine   Thu 06 May 2010, 6:50 pm

Geez, I'm sure glad they cleared that up!

In a nutshell, the financial media totally fumbled the coverage
regarding what really happened. They are advertising how we rallied
from a 900-pt. decline to down only at the close. What a carnival
show! As I said earlier, we have been due for a decent correction.
Unfortunately the media coverage wanted to steal the show with many
misguided comments during the afternoon selling. We'll be sure not
to be distracted from this kind of nonsense. There are numerous
issues for investors to worry about, and unlike what I heard from
one of the "market pundits" on television, we did not certainly
wash things out in 90 minutes as they would have you belive. The
"crash" was clearly phony, as was the subsequent "rally."
Read more: http://community.nasdaq.com/News/2010-05/dont-be-fooled-by-todays-crash-and-subsequent-rally-anf-ms-pnc-bac-more.aspx?storyid=20736#ixzz0nBzp67oj
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PostSubject: Re: Welcome to the Machine   Thu 06 May 2010, 7:29 pm

A long time ago I used to trade in Gold and Silver, but I stopped after I noticed the same behavior in the trading graphs overnight, just before the US markets would open, they'd crush any gains in the price of the metals so that US traders could not take profits in the morning. It got so that I could set my watch every morning by the glitch in the graph. It was obviously programmed trading.

Well, it was not long after I realized that the entire metals game was rigged that I got out, and stopped participating in their financial industry altogether.

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PostSubject: Re: Welcome to the Machine   Thu 06 May 2010, 7:40 pm

Trading in gold and silver is just more paper assets. Actual metal buried somewhere is another story.
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PostSubject: Re: Welcome to the Machine   Thu 06 May 2010, 9:32 pm

http://towneforcongress.com/economy/dow-crashes-gold-spikes-1

"Apres moi le deluge. After me, the deluge." –
Jeanne Poisson, Marquise de Pompadour, falsely attributed to King Louis
XV



Today the Dow
Jones Industrial Average crashed
by nearly 1,000 points over
several minutes before recovering. About 800 points of the drop
occurred in about 5 minutes.
Meanwhile, gold
spiked
over $1,200, closing at a near all-time high in United
States dollars after setting all-time highs in Euros, Swiss franks, and
British pounds. And just last week, the Wall
Street Journal published
an article about how market traders are
now using video game processors to beat out their competition in a game
of milliseconds.


The below is a June 2009 interview with Joe Saluzzi of
Themis Trading. Pay close attention to the entire
video




"The volume you see during the day right now.. is
FICTITIOUS... It's NOT REAL.. It's done by what they call
high-frequency traders. These are machines. The biggest machine out
there wins the game nowadays. And these people deal in subseconds. 50
milliseconds is a huge amount of time. Any over that and you are a
dinosaur... What they do all day long is basically buy and sell and
they try and collect liquidity rebates from the exchanges who are
basically in partnership with them. They trade for no apparent
fundamental reason...



"The trick to the market here is that the high-frequency
guy does not add liquidity, he adds VOLUME. And there is a big
difference between liquidity and volume. [If] volume is 12 billion
shares, who cares? If a news event occurs, and there is no more
liquidity anymore, the trapdoor opens and no one is there to buy...
I have a feeling one day the door is going to close. Everyone is going
to be running for the exits. There is going to be a major move in the
markets and everyone is going to wonder "What happened?" What did that
crazy guy on Bloomberg Television say that day about high frequency
traders? There is a problem structurally in the equity markets
that nobody wants to talk about.
There is intervention, there's
manipulation going on."







I certainly do not yet know exactly what happened in
market today. The CNN link above mention issues with Proctor and Gamble
stock, but the fact remains the stock market is not a great bellwether
for the economy anyways. With rampant unemployment caused by the
government
, and events in Greece and elsewhere unfolding quickly, we
certainly are living in unsustainable and wildly unpredictable times.
Many have been lulled into a false sense of stability - 2010 is an
election year, after all. Many have been surprised by the levels of
chaos in Greece, but the current events were not hard to foresee -
though the exact timing is impossible to predict - like this article on
the Greek rioting and US banking system I wrote.... in 2008.



As I wrote in "One
Step Closer to the End of the Golden Brick Road
," investigating for
yourself the massive size of the gold market and its alleged
manipulation
is time well-spent. There IS
a reason why the American people have been lied to.






Inscription: History repeats itself. The robber
barons of the middle ages, and the robber barons of today.
The people bowing before the combination of bankers and politicians,
bearing the sword of legislation.

(Source, copyright expired)


Some things never change. For those of you intent on
voting for "the lesser evils" in the Republocrat parties, remember the
definition of insanity: doing the same thing and expecting a different
result. In a time where just one year ago most of America was excited
about "change," perhaps now is not quite the change that was expected.


May 6, 2010
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PostSubject: Re: Welcome to the Machine   Thu 06 May 2010, 11:37 pm

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PostSubject: Re: Welcome to the Machine   Fri 07 May 2010, 12:57 am

incognito wrote:
"The volume you see during the day right now.. is
FICTITIOUS... It's NOT REAL.. It's done by what they call
high-frequency traders. These are machines. The biggest machine out
there wins the game nowadays. And these people deal in subseconds. 50
milliseconds is a huge amount of time. Any over that and you are a
dinosaur... What they do all day long is basically buy and sell and
they try and collect liquidity rebates from the exchanges who are
basically in partnership with them. They trade for no apparent
fundamental reason...


"The trick to the market here is that the high-frequency
guy does not add liquidity, he adds VOLUME. And there is a big
difference between liquidity and volume. [If] volume is 12 billion
shares, who cares? If a news event occurs, and there is no more
liquidity anymore, the trapdoor opens and no one is there to buy...
I have a feeling one day the door is going to close. Everyone is going
to be running for the exits. There is going to be a major move in the
markets and everyone is going to wonder "What happened?" What did that
crazy guy on Bloomberg Television say that day about high frequency
traders? There is a problem structurally in the equity markets
that nobody wants to talk about.
There is intervention, there's
manipulation going on."

Some random thoughts...

I wonder if this narrative is even accurate. Do traders really design systems for speed where the winners beat out the loser in micro-seconds? Or, is this just a contrived narrative, to get the public to lose confidence in the existing market? I think it could be the latter because they want the public to lose even more confidence in the markets.

They're obvious setting us up for another crash, and this could be a contrived, or perhaps not, narrative that will provide the explanation for said crash. But we know, the crash is designed and planned.

I wonder if today was some sort of Beta test for a market crash, to see how independent, and perhaps institutional, traders would respond.

Overall, what continues to be reinforced is this effort to crash ALL that is our current system, so the "system upgrade" can be installed and welcomed by the public. My guess, is the system upgrade is already in-place and operational, and all this noise is just to convince the public to accept the replacement of the old with the new.

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David Thoreau (1817-1862)
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