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And Let's Not Forget Gold....

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Tue, 08/10/2010 - 14:34 | 513101 greased up deaf guy
greased up deaf guy's picture

oh, it might as well be me this time...

GOLD, BITCHES!!!

that felt good. lol

Tue, 08/10/2010 - 15:20 | 513304 Cognitive Dissonance
Cognitive Dissonance's picture

It's a tough burden to carry but you did it well. :>)

Tue, 08/10/2010 - 15:29 | 513342 Mercury
Mercury's picture

Now that's just pure comedy gold you two.  Who says ZH is all negativity and bile?

Tue, 08/10/2010 - 16:38 | 513522 ApplesConspiracy
ApplesConspiracy's picture

The all caps and 3 exclamation points was a nice touch. Good form.

Tue, 08/10/2010 - 14:33 | 513103 etrader
etrader's picture

monetize B...... you know the saying by now :-)

http://upload.wikimedia.org/wikipedia/en/thumb/0/0e/RudolfHavenstein.jpg...

Tue, 08/10/2010 - 14:34 | 513106 Joe Sixpack
Joe Sixpack's picture

Gold is giving the limp d... (dollar) the finger.

Tue, 08/10/2010 - 15:20 | 513309 JLee2027
JLee2027's picture

+

Tue, 08/10/2010 - 14:34 | 513109 equity_momo
equity_momo's picture

Wait for the crooks to come in and smack it in such an obvious way.   It wont matter though , the genie is well and truly out of the bottle now.  The Fed just went Nuclear and coin dealers will be empty by the weekend. Fk stocks. Fk fiat. its done.

Tue, 08/10/2010 - 15:21 | 513316 JLee2027
JLee2027's picture

coin dealers will be empty by the weekend

Promise?  (Big smile!)

Tue, 08/10/2010 - 14:37 | 513124 homersimpson
homersimpson's picture

Word of the day if you missed it the first time around: golderosexual

Tue, 08/10/2010 - 14:40 | 513140 Übermensch
Übermensch's picture

The path to fiat destruction is a perilous one.

Tue, 08/10/2010 - 14:42 | 513145 ffart
ffart's picture

I'm calling this one the pinky finger/asshole pattern. Where's my yearly bonus?

Tue, 08/10/2010 - 15:53 | 513408 Thunder Dome
Thunder Dome's picture

Someone wire ffart 500k.

Tue, 08/10/2010 - 15:53 | 513409 Waterman Jim
Waterman Jim's picture

you mean the shocker?

Thats two in the pink and one in the stink.

 

the one in the stink is your bonus

Tue, 08/10/2010 - 14:56 | 513148 THE DORK OF CORK
THE DORK OF CORK's picture

Nahh it ain't gone nuclear ..... yet

This is just a firecraker

When they are forced to buy gold to protect themselves - thats will be the end of the financial world as we know it.

Thank God.

www.youtube.com/watch?v=Li7vmcCzWks

Tue, 08/10/2010 - 15:23 | 513325 JLee2027
JLee2027's picture

I am forced to agree :(

Tue, 08/10/2010 - 14:42 | 513149 midtowng
midtowng's picture

And yet all the gold I bought at $300 an ounce still weighs the exact same amount. It's still exactly the same size, and still shines the exact same way.

Tue, 08/10/2010 - 14:48 | 513169 MsCreant
MsCreant's picture

This is why I buy gold and silver. Saw the silver chart first. Wonder if a take down happened earlier so someone could load up?

Tue, 08/10/2010 - 15:07 | 513262 VWbug
VWbug's picture

Wonder if a take down happened earlier so someone could load up?

well surely it didn't move because prices fluctuate as millions of participants buy and sell based on new information, changing sentiment, charts, etc.

 

Tue, 08/10/2010 - 15:30 | 513338 Mercury
Mercury's picture

I've polished too much damned silver (and brass) in my life to ever get that into it as a store of value.  There are a few areas in the investment universe where I just can't be as ice-cold and rational as I'd like and this is one of them.

Tue, 08/10/2010 - 15:48 | 513396 JLee2027
JLee2027's picture

When Gold goes to the moon, the ladies will happily polish your knob for some.

Tue, 08/10/2010 - 16:45 | 513537 RockyRacoon
RockyRacoon's picture

That was probably silver-plated that you were polishing.

Same as an ETF... just plated... not the real thing.

Tue, 08/10/2010 - 17:01 | 513589 Mercury
Mercury's picture

Sterling my dear, sterling.

Tue, 08/10/2010 - 19:01 | 513884 VWbug
VWbug's picture

it might be wise to avoid silver anyway, last time it was in a bubble people came out of the woodwork with every piece of silver they owned and sold it for scrap.

I was in one of the lines selling a stack of old jewelry, it was about 4 hours long, and that was in Canada. I imagine it was even more hysterical in India.

The Hunt bros didn't count on that source of supply, to their detriment.

 

Tue, 08/10/2010 - 20:01 | 514044 quartshort
quartshort's picture

OK- so all those people that traded in their metals- prompty went home and mined some more in their back yard to re-up, right? Is it safe to then assume that EVERYONE (as you put it) is no longer holing onto scrap silver? Seems to me to be another reason to buy all I can get my hands on. And if you are so put out about having to polish it, send it to me, I'll do the job you lazy ass. 

Tue, 08/10/2010 - 20:15 | 514079 RockyRacoon
RockyRacoon's picture

'Twas the SEC changes (directly aimed at the Hunts) that brought them down.  The SEC changed the rules in the middle of the game.

Just as the SEC is now avoiding enforcement of their directives that is propping up the bullion banks PM positions.

To say that a bunch of ordinary folks' silverware stash brought down the Hunts is simplistic.

Tue, 08/10/2010 - 16:05 | 513442 Hephasteus
Hephasteus's picture

I don't know MsCreant. At this point it's dark room finance. You see things happening way in advance and with huge lagging indicators to keep people from jumping into the fray. All currencies are moving up against gold and then down against gold and then a few go up while everyone else goes down. It's trying to hide the currency moves to keep the computer sniffing HFT traders off the scent.

Everyone trying to keep butter churners from making swap spread out of them.

"I can't believe it's not real currency".

Wed, 08/11/2010 - 01:16 | 514598 MsCreant
MsCreant's picture

Thanks. I can count on you as a voice of reason. Just another up and down. I guess I am still learning to canter.

Tue, 08/10/2010 - 14:46 | 513173 BrianOFlanagan
BrianOFlanagan's picture

QE priced in, looks like a fade to me. Too little too late to stop deflation.

Tue, 08/10/2010 - 16:01 | 513433 Bring the Gold
Bring the Gold's picture

Oh but they want the deflation, to excuse the REAL QEII and QEIII and QEIV the revenge of the unholy hyperinflationary FED Chief Zombie. You'll love that last one, it's like zombieland, only with more duels to the death over the last two liter of Coke at Walmart.

Tue, 08/10/2010 - 14:50 | 513188 Misean
Misean's picture

I sleep in a chest full of bullion.

Tue, 08/10/2010 - 14:51 | 513196 newstreet
newstreet's picture

I'm selling Euro's and Pounds right here.

Tue, 08/10/2010 - 14:51 | 513197 SteveNYC
SteveNYC's picture

My gut tells me this is all the juice we are going to get out of equities for a bit.....

Tue, 08/10/2010 - 14:59 | 513234 equity_momo
equity_momo's picture

Im greedy and i think idiots like Bob Doll put their funds last pennies to work here and it takes us to maybe 1150 before we can ring the bell and tell our kids thats the last time we'll ever see the S+P with 4 figures.

Tue, 08/10/2010 - 15:09 | 513272 qussl3
qussl3's picture

The need it to smell 1150 if the FED is maintain any credibility.

 

If we close down significantly today, the FED may as well just announce QE 3.0 for the hell of it tmr cos they'll just be pissing in the wind.

Tue, 08/10/2010 - 15:07 | 513267 asotavb
asotavb's picture

wow all those new fiat gold bugs coming in today.  gotta love that paper.

that gold chart (paper marketets) is the most useless chart because it doesn't even track gold.

Tue, 08/10/2010 - 20:15 | 513539 RockyRacoon
RockyRacoon's picture

That was the Johnny Bravo call.

Say, where is that aurophobe anyhow?

Tue, 08/10/2010 - 15:09 | 513270 freshman
freshman's picture

Dollar tanked again. Someone needs to have a missle ready to shoot down that annoying helicopter with green stuff in it.

Tue, 08/10/2010 - 15:11 | 513278 lsbumblebee
lsbumblebee's picture

I wonder how long the Gold Cartel can make like BP, capping the explosion at Well A while pretending Well B doesn't exist.

Tue, 08/10/2010 - 15:36 | 513360 GoinFawr
GoinFawr's picture

Too many dykes, not enough thumbs; even though these guys seem to be all thumbs.

Regards

Tue, 08/10/2010 - 16:32 | 513506 Rotwang
Rotwang's picture

I like the smell of new leather. But I can remain happy in my used car. I know how to fix it, and keep it running.

I don't really mind watching the system implode, since the alternative is the negation of logic, reciprocity and mathematics.

I'm just surprised at how thoroughly dry it will have to be wrung before a sense of reality and common sense will hit the street.

 

Tue, 08/10/2010 - 16:39 | 513524 Bow Tie
Bow Tie's picture

ok big asian/arab players....this is the signal to start squeezing harder on the physical supply...

Tue, 08/10/2010 - 16:48 | 513546 Jimmy Bora
Jimmy Bora's picture

Do any know why the goldgraphs in USD and EUR are not the same?

 

And on the platinumgraph, why are the USD and EUR graphs exactly the same? (and you don't see the spike of USD/EUR on 18h15)

 

Also the same case on other currencies.

 

It's a strange phenomenon, I see the last time more and more of this difference.

 

Look above left (USD) and right (EUR) graphs.

 

http://platinumprice.org/platinum-price-per-ounce.html

 

http://goldprice.org/gold-price.html

Tue, 08/10/2010 - 17:28 | 513664 Hephasteus
Hephasteus's picture

Any time platinum and palladium are going weird you can bet it's to get a transaction through that's off books on the London market.

I don't know exactly how they use it but they use platinum as a fixed reference point when they are floating some weird transactions. So you'll see it going up when gold isn't.

Tue, 08/10/2010 - 17:01 | 513591 VFR
Tue, 08/10/2010 - 17:16 | 513636 ATM
ATM's picture

Why wouldn't they be? If they get blown out of the water they'll get bailed out by government. Being short for them is riskless.

Tue, 08/10/2010 - 20:51 | 514169 CrockettAlmanac.com
CrockettAlmanac.com's picture

How long can we continue to live as slaves?

Tue, 08/10/2010 - 17:21 | 513645 VFR
VFR's picture

I think I probably meant to say the shorts keep getting longer but the image was foremost in my mind. technical glitch.........sorry. or the shorts are becoming minimal ... doesn't have quite the same twang:-)

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