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$1,500

Submitted by Tyler Durden on 04/19/2011 12:10 -0400

Gold futures just passed $1,500. Silver touches $43.70. Nobody could have possibly seen this coming (certainly not the shorts). Time for CNBC to break out the "$1,500" hats.

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Tue, 04/19/2011 - 15:51 | 1185388 Dangertime

You're that embarrassed huh?

Tue, 04/19/2011 - 16:26 | 1185565 UninterestedObserver

Nope just smart enough not talk about what I am doing to trolls like you.

Tue, 04/19/2011 - 17:25 | 1185781 Dangertime

You guys pushed and I put it out there. Where are your balls?

Tue, 04/19/2011 - 15:19 | 1185192 IQ 145

Confident? you're quite confident; well then everything must be okay. Do you do this after school? You must have just started or you'd be broke already. It's complete rubbish.

Tue, 04/19/2011 - 15:24 | 1185212 Dangertime

If you must know, I've been doing this for fifteen years now, although the real education did not begin until about ten years ago with the ending of the tech boom.

I have seen this gold and silver dance at least four times since then and it always ends the same. We will see who gets schooled. If you are not going to sell your paper silver then all I can suggest is to cover your margins.

Tue, 04/19/2011 - 15:50 | 1185374 UninterestedObserver

Sure you have - I don't recall us being in a depression 10 years ago.

Tue, 04/19/2011 - 15:52 | 1185395 Dangertime

And what does that have to do with anything?

Tue, 04/19/2011 - 16:30 | 1185569 UninterestedObserver

Nothing - forget I mentioned it.

Tue, 04/19/2011 - 16:37 | 1185611 akak

LOL!

This Dangerclown is clearly either a rather slick and particularly disingenuous PM-bashing troll, or else is just another market lemming and blinkered center-thinking sheep.

Tue, 04/19/2011 - 17:26 | 1185786 Dangertime

I wonder if you will still call me a troll when Silver is back in the 30's.

Wed, 04/20/2011 - 03:36 | 1187165 Hephasteus

Hurt you? Hurt you? Silver won't hurt you. It'll fucking kill you!!! It fucking killed bear sterns. It's going to fucking kill goldman slackjaw. HSBC, deustche bank. Anybody that get's in it's way.
It's fucking JOHN F. KENNEDY. Stuffing your ass in a convertible and calling in a world full of snipers.

You shoulda just let things be. But no you wanted to circuit up with the big boy resistors. Have the really nasty cooling and chill out problems.

With great power comes great current x resistance squared.

Tue, 04/19/2011 - 13:46 | 1184820 Dangertime

Dupe

Tue, 04/19/2011 - 12:52 | 1184537 gaoptimize

Better stated as "Dollar sinks towards only 20 milligrams of gold".

Tue, 04/19/2011 - 13:05 | 1184622 SheepDog-One

Sad.

Tue, 04/19/2011 - 12:54 | 1184548 RobotTrader

Attn: Gold Bugs

Who would have thought that 2 years after the greatest credit bust in history would have ushered in a bubble in clothing stocks?

General Jim, Trader Dan, and Eric King would be retired by now,
relaxing and clipping coupons if they had only piled their money into
Lululemon, Under Armour, and Foot Locker....

No more blogging. No more "worries" about confiscation. Just sitting at the beach, sipping martinis, and luxuriating in the arms of exotic, foreign, high-end escorts.

And, by selling now, they only pay 15% cap gains rate, not Uncle Thug's confiscatory 28% tax rate on shiny coins.

Image #1:

Image #2:

Image #3:

Tue, 04/19/2011 - 13:04 | 1184605 SheepDog-One

Robo again hyping his assless jeans stocks, all margined at near all-time record highs.

Wed, 04/20/2011 - 03:40 | 1187167 Hephasteus

And you can drive and pick up a pair for the low low price of 5 bucks in gas. Plus insurance. Plus drivers license fees. Plus your tag. Plus new brake pads for all the stop lights and stop signs that they keep putting up as speed traps.

But don't hurry. A speeding ticket costs like 5 grand in california.

Tue, 04/19/2011 - 13:00 | 1184606 lieutenantjohnchard

still changing the subject i see. poor robottrader. the pain of looking at his diminishing seed capital and the prospect of not being able to land a job has him on edge. poor guy told us he was going to boca this week. but i guess the collapse of his seed capital required a change of plans. probably bull to begin with, but that's another story.

keep posting and hoping for the market to bail you out, or it's bartista time at sbux.

happy losing.

Tue, 04/19/2011 - 13:15 | 1184683 Zero Govt

Robot you're standing out like various body parts; a sore thumb, a prick and an asshole to name a few... put a sock in it

Tue, 04/19/2011 - 13:18 | 1184706 Hulk

That would be too easy Robo, like hunting deer with a rifle, no sport...

Tue, 04/19/2011 - 13:32 | 1184758 UninterestedObserver

You are seriously a fucking douchebag - if you want to post a REALLY impressive chart of a stock you don't/never owned just put up the LVS chart.

Tue, 04/19/2011 - 12:56 | 1184561 Soul Train

expect the Federal Reserve to soon do their best to shake the commodity tree and attempt to get gold prices down in some clever way.

The success of gold and silver is the doom of the dollar.

The Fed will head fake with short term interest rate hikes max 2%, and the upward trend should spook some gold holders for a little while.

However, the long term trend is up up up.

Why? Washington DC are liars, and in bed with the banksters and global elitists. And those with brains (not the sheople) are buying and holding their gold.

We have lost faith in fiat currency.

Long live gold and silver. Paper is just paper.

http://www.ObamaDollar.com

Tue, 04/19/2011 - 13:04 | 1184631 Youri Carma

They are already bussy with that every day so ..... they can't stop it.

Short JP Morgan naked is my advice cause the SLA (Silver Liberation Army) is takin them down! http://youtu.be/_a-lwkgjvAw

Tue, 04/19/2011 - 12:55 | 1184570 Re-Discovery

Short Silver at your peril.

JPM is a BUYER for the next 10 days.

Tue, 04/19/2011 - 13:01 | 1184595 cubical

but but Doug Kass told me.....

Tue, 04/19/2011 - 13:37 | 1184784 Arius

ahhh Dougi Kass and the unforgettable Gartman of TGL

Tue, 04/19/2011 - 13:00 | 1184601 trav7777

but...bbbutt...Prechter's Idiot Wave forecast said gold was in "5 of 5 of C of 4 of B" and was going to go to 200!!! And Douchinger agreed!

Tue, 04/19/2011 - 15:23 | 1185215 IQ 145

"The Idiot Wave forecast"---beautiful. that's it exactly.

Tue, 04/19/2011 - 15:28 | 1185253 Zero Govt

we don't need to identify Precthers wave count, we need to label his sanity regards still using a system that was a total unremitting disaster throughout 2010 and has continued to fail miserably in 2011 ....Prechters bubble has well and truly burst ...the Emperor has no clothes... the King is Dead... Prechter is not a financial genius but a quack peddling absolute crap in a jar

Tue, 04/19/2011 - 19:33 | 1186175 Temporalist

Does one get to keep the jar at least?

Tue, 04/19/2011 - 13:03 | 1184612 Soul Train

I saw a video of an exchange recently between Ron Paul and Ben B during a House hearing.

Ben said "People don't want to buy gold. They want to buy things with dollar currency."

Hey Ben, gold just hit $1500. And the laws in the United States prevent other currencies. But we still are allowed to own gold.

I am not a sucker. I will keep my gold. And with the collapse of the dollar, the money cartel named the Federal Reserve will collapse with it (it's private and there is no reserve - what a joke!).

Sure there will be riots and protests, just like in the Middle East now.

And where will you be? I bet your little rear end will have high tailed to your getaway in the Mountains. Right? Let me guess, Jackson Hole with all your bankster cronies?

Tue, 04/19/2011 - 13:58 | 1184875 UninterestedObserver

Nah the Nazis fled to South America and America... so the bankers will goto SA

Tue, 04/19/2011 - 15:00 | 1185114 Cash_is_Trash

Don't send your shit here! Send it to Israel.

Tue, 04/19/2011 - 13:02 | 1184618 Magnix

Wondered if dollar crashes how are we going to pay our mortgage?

Our PMs?? I hope not.

Tue, 04/19/2011 - 13:25 | 1184733 Long-John-Silver

One Monday you wake up and discover all Banks are closed.

All news outlets are reporting a change of currency is in process and the Banks will reopen Tuesday morning. You'll take your old currency and turn it in for the new currency. You'll take a hair cut of 75%. Two weeks later after the time limit passes to turn in your "old" money you'll see dumpsters full of the old money sitting behind the banks. Dive in that dumpster and take enough out to pay your mortgage. Take your mortgage papers and show them the contract is denominated in the old currency and hand it over and laugh at them.

Tue, 04/19/2011 - 13:36 | 1184775 Magnix

...then what? No mortgage after all? We're free to live in our house in rest of our lives??

Tue, 04/19/2011 - 13:05 | 1184623 dalkrin

"These pretzels are making me thirsty!"

Rold Gold pretzels, the poor man's gold.

Yes, you can eat them!

Tue, 04/19/2011 - 13:05 | 1184624 lieutenantjohnchard

we few, we happy few, we band of silver and gold holders.

one position. no diversification. full disclosure.

Tue, 04/19/2011 - 13:09 | 1184651 Zero Govt

another milestone for Gold, another millstone around the kneck for Elliott Wave International and Rob Prechters technical indicators not working at any time.

Worst Gold Prediction Service in 2010 : Elliott Wave International

Worst Silver Prediction Service in 2010 : Elliott Wave International

Worst Techinical Indicators in 2010 : Elliott Wave International

Ronald McDonald Clown Award for 2010 : Rob Prechter & Steven Hochberg at Elliott Wave International

Rob Prechter: "Hi Rick, you're a famous guy too! ...2010 at least as bad as 2008.."

http://www.youtube.com/watch?v=Tz5PrY2gjz0

Tue, 04/19/2011 - 14:05 | 1184905 stormsailor

elliott wave goodbye to your trading account

Tue, 04/19/2011 - 15:17 | 1185146 Zero Govt

if Prechter had any integrity and grip on reality he would have shuttered Elliott Wave Int. at the end of 2010 having been whitewashed throughout the year. Week in, week out and month after month they kept calling 'tops' and planting '5' finishing waves on the 3 US indexes, Gold, Silver and calling for a US Dollar rally. Wrong on all counts, 2010 was a complete disaster start to finish and absolute mathematical proof their indicators and loony waves cannot predict. Fact

Yet they're still claiming their techinical indicators are working even when they fail 95% of the time when any sane person would give up. But they don't. Their heads are so far up their arses (Elliott Wave counts) I think they're all certifiably insane to ontnue flogging this dead horse totally bankrupt constantly failing theory

They've been throwing out their chart counts all year, throwing their last attempt at a '5' in the bin month after month and haven't had a clue all year where the markets have actually in reality gone but they just keep "believing" it works!!!

That's what a Free Update said a few weeks ago. They urged members to believe in the waves, to feel the waves even though directionally they keep sending people in the exact opposite direction of the markets (reality).

Prechter wants to start a religion where you believe in the waves even though the waves fail 95% of the time and is quite clearly a statistically insane way to predict markets. It doesn't work, it's a sack of shit, Game Over in 2010 Mr Prechter

Tue, 04/19/2011 - 13:16 | 1184694 Saxxon

$1500 is a number, not a Threshold. The hesitation at $1500 is absolutely typical at such round numbers. People set stops there or expect that others are setting stops there so they set their stops there, too or a little earlier.

Tue, 04/19/2011 - 13:33 | 1184766 DoChenRollingBearing

Yes.

Celebrations should start after gold closes decisively above $1500.

Tue, 04/19/2011 - 13:17 | 1184699 plocequ1

Is that you Karl Denninger? Is this me?

Tue, 04/19/2011 - 14:25 | 1184986 capitallosses

Everybody just relax. This party is far from over. Sit back and enjoy!

Tue, 04/19/2011 - 14:29 | 1184995 One_Eyed_Pony

Counterfeited Garbage Toilet Paper is the reference to Gold. These RICO conspiring/colluding, elitists-aristocrats, have nailed US with the biggest hidden tax of all... INFLATION.

These Central Bansksters, Federal Reserve Monopolists, and inside the DC Beltway Hacks, & Prostitutes, have commited financial terrorism on America... they should all be in Prison!

Tue, 04/19/2011 - 14:29 | 1184997 gaoptimize

I'm inspired to rap by silver at $44/ounce:

Silver to the moon silver to the moon,
Futures short squeeze bringin Blythe to her knees
prices sky high, gonna make her wanna cry
bring on the bear attack, we takin' delivery by the sack,
you keep your paper contract
Silver to the moon

Tue, 04/19/2011 - 15:07 | 1185138 gwar5

SWEET....

Tue, 04/19/2011 - 15:18 | 1185182 Banjo

I guess it's time to start talking about the gold bubble again.

Weird how Gold and Silver bubbles are easy to spot yet housing, tech and stock bubbles are bull markets with "sound" fundamentals. *rolls eyes*

Tue, 04/19/2011 - 15:27 | 1185246 downrodeo

time to start talking about the gold bubble again

Lol, this is really all too much!

Tue, 04/19/2011 - 15:17 | 1185189 downrodeo

/Facepalm/

Tue, 04/19/2011 - 16:57 | 1185680 SilverDoctors

$1500 gold and $44 silver on the same day. Impressive. Blythe must be lying on a beach somewhere.

www.silverdoctors.com

Tue, 04/19/2011 - 18:37 | 1185972 tony bonn

yep....no one saw this coming because gold is in a bubble, you can't eat it, no one uses it, no one wants it, you can't drink it, it has no value, barbaric relic, blah blah blah blah......

Tue, 04/19/2011 - 20:36 | 1186355 I_Am_