Hit pretty hard off the bat, no way to maximize profit

The gold manipulation numbers are in for the first 4 months of 2011 and it is nothing short of incredible. This level of artificial suppression can only lead to one thing, and that's a melt-up similar to silver. Like silver's recent "disorderly" behavior the physical gold market will soon be causing BIG time trouble for trapped Comex shorts. Nobody could even remotely claim gold is frothy after looking at these figures. If you knew nothing about the underlying fundamentals of the product, and were strictly looking at these figures you would conclude that the world is fine, and "inflation expectations are well-contained". Such is the hypnosis being applied by the sycophants. Here is the tally of nefarious cartel trading up to April 30th:

Total Comex trading days: 82

Trading days above 2%: ZERO

Trading days with a close above 1%: 5 ( 6.1% )

Trading days with rallies stopped near 1%: 31 ( 37.8% )

Trading days with a sharp AM selloff: 71 ( 86.6% )

Average daily gold gains 1.36 (at $1,538)

Total PM fixes at least $5 higher than AM fix: 12 (14.7% )

Total PM fixes at least $10 higher than AM fix: ZERO

Total PM fixes at least $10 lower than AM fix: 8 (avg. loss $13.40 )

HUI close 12/31/10 573.22

HUI (10:00 AM) 4/29/11 584.00 (+ 1.9%)

It is notable that almost ninety percent of the time the cartel needed to paint the early tape with an AM selloff. It is also interesting that over one third of all trading days were wanting to go MUCH higher, yet were tagged at 1%. This is evidence of fierce buying being met by resolute cartel paper selling. Curious too how there seems to be a lid on the PM fix at about $9 higher. Apparently for that event even 1% gains are out of the question. In fact only 3 out of 82 PM fixes even came close to a $9 gain. Nearly 85% of the PM fixes were either lower, or no higher than $5.

Lastly, as everybody here painfully knows, the HUI has acted oblivious to a 60% rise in silver and 8% rise in gold. If you didn't know better you'd think the HUI represented the homebuilder index, rather than precious metals. In fact up until late this week the HUI was actually DOWN for the year. I'm still waiting for the first major mining executive to publicly proclaim foul. They don't deserve the bounty they're being afforded.