Ted Butler: Suing JPMorgan and the COMEX

Ted Butler's work on the surreptitious price suppression of silver has been relentless.

http://goldsilverworlds.com/physical-market/ted-butler-suing-jpmorgan-and-the-comex/

UBS Investigated For Gold Manipulation Suggesting Gold Inquiry Goes Beyond London Fix

Do lemmings following mainstream media outlets still think gold bugs are "conspiracy theorists"?

http://www.zerohedge.com/news/2014-03-17/ubs-investigated-gold-manipulation-suggesting-gold-inquiry-goes-beyond-london-fix

Intraday average gold price movements

Look at the price takedowns coincident with the London AM and PM fixes.  Nah, the price of gold isn't manipulated in London and New York. /sarcasm. 

http://www.caseyresearch.com/gsd/sites/default/files/Intraday%20Average%20Gold%20Price%20Movements_5.jpg

Click on image to enlarge.

My interpretation:

1) Intraday swings on the price of gold will become more volatile going forward, so if you plan on buying on a particular day, it looks like 7 am and a little bit after 8:30 am are the best times to buy (Pacific Standard Time).

2) The 7 am time is due to the London 3 pm gold fix, when they engineer a huge take down on a consistent basis.

3) The 8:30 am time is probably due to certain coordinated bear attacks after the release of US economic data, perhaps housing or unemployment data (e.g. nonfarm payroll reports?).

4) Buying at New York's close is usually profitable as Asian buying overseas provides firm support for higher prices.  The daily cycle then repeats itself.

Remember:  this is a chart of daily intraday price swings, so the action is not guaranteed.  But because it is a chart of averages, and there are so many data points to draw from, there is no way the price swings are random.  They occur at eerily consistent points in time of the day.  Of course, buying physical bullion is a long-term play, so these intraday price swings should generally be considered noise.  However, for those desiring optimal entry points, this may be another useful guide in your arsenal.

See disclaimers in the side bar.