How the PPT Works

[fightthepower]

1. Crush Gold and silver. The Federal Reserve loans gold and silver to the accounts that represent the PPT. The use that gold and silver as a means to sell. Today it was crushed from its highs by 10% for gold and 20% for silver.

2. Gold and silver close a few hours earlier than the other markets. This creates a paper markt to market profit. They use the daily mark to market gain as a basis to purchase S and P 500 Futures.

3. This part I have heard from a friend that was s floor trader at the NYSE. The traders on the floor of the NYSE can see that the PPT is in the market by how they trade. The lift every offer with out regard to price in order to stop out the shorts. The floor traders know that and buy stocks in order to front run the PPT.

4. Bang a huge gain.

[goadam1]

Re: How the PPT Works

Is this why there was that crazy run up in the market around 3 today?

[c1ue]

Re: How the PPT Works

Welcome to iTulip, goadam1!

As for the jump - each successive government action in the past few weeks to 'stabilize' the market has come on the weekend.

Very few people are foolish enough to leave themselves in major positions at this juncture - and no doubt rumors of the next intervention had some impact.

I myself stopped out of my largest position this year (in SKF) right before close of trading Thursday because of fear over what the government would do.

As it turns out, I gave up a little from the peak of 189 but avoided the $30 drop from that, and no doubt the SKF price will fall further Monday.