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Another Perfectly Abnormal Day In The Life Of Gold Manipulation
One can almost smell the LBMA panic at the highs of the day. The resultant paper gold assault is a sight to behold. Either that, or HFTs have decided to extend the Hurst Exponent to 100 as yet another market gets "fractalized."
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Not just gold bro.
Check out IYR.
Can this be margin calls of people that bought gold in EUR terms....
just check the inverse correlation between EUR and GLD the last three months:
http://finance.yahoo.com/q/bc?s=GLD&t=3m&l=off&z=l&q=l&c=fxe
In a word...no!
Just try to correlate today's gold spike (and take down) with anything... other than the the bank's fear of gold continuing it's climb, especially while trying to sell off billions more in worthless US T-Bills.
So the spike up in gold is normal market action but the following spike down is manipulation? Isn't that the same logic used by the growth proponents who claim that the BDI going up reflects a strengthening economy while the subsequent plunge highlights how meaningless BDI is as an indicator?
Could be two entities fighting. Russia and China may have bought several more tons and then central banks had to dump several tons to bring the price back down.
Yeah, dumped several tons of paper. Will someone stop this gold hoax and please, please, save the trees?
Public Service Announcement: EPA
Yeah those paper tonnes are heavy
A tonne is a tonne as a tonne is a tonne....for now.
Before this is over I expect at least parity of 1 ton of gold to 1 ton of $100.00 FRNs.
Maybe even 1 ton of $100.00 FRNs to a ton of silver...
duplicate post, sorry.
It all depends on where you think gold ought to be trading at or if you even think such values exist. It's far more obvious with silver. If it starts to default to a fair value, that's normal and expected. If it suddenly falls away from where it should be trading, then, yeah, something is interfering.
However, if you think nothing has value and all just trades at whatever, then we're just biased.
Gold always gets taken down just prior to iffy Treasury auctions - on the block today; the 30 year.
Da Boyz are also fighting to keep it below the 50DMA at $1218 - look where that rally was squashed.
Is it just me or did everyone commenting miss the relative spike in EUR/USD and drop in DX.
ZH conspiracy theorists please check the currencies before posting your elaborate theories. As I have stated the whole week, every market's activity has been the product of the dollar. Seems like money managers found this spike to be a rather convenient opportunity to offload their gold positions. I myself found this a good opportunity offload my remaining gold futures.
Have fun going back to 1150 once dollars start becoming accumulated in the near future...
The gold spike happened same time as EURUSD spiked, keeping Gold in EUR flat. Commods all followed the FX, as nobody knew what was happening in EURUSD.
Commods went back down as soon as it was clear that the spike was concentrated in the 3pm FX fix and stops geting lifted, and of course then went further as the lemons who bought at the top all get shaken out.
Now we are back where we started. Manipulation is much more subtle than this, today was just the market.
"In a word...no!"
You don't like to think outside of the box...
Check the Eur/USD and the DX and your statement is a fail....
From over at the oil drum one of the more technically competent posters as in an oil pro has this to say about the issues of the delays in the relief well and the new cap
"(“What we want to avoid is oil being put out in a shallow environment,”) is the first clear official word Ive seen over concern for an undeground blow out."
http://www.theoildrum.com/node/6726#comment-676143
Yup, but Augustus and Gasmiinder will be quick to point out here on ZH that there has been no "official" word about below-the-surface well weakness or blowouts. It's all just crazy speculation on those wild and zany blogs.
Rockman would be the oil drum's equiv of a Krasting
I agree. I've been reading www.theoildrum.com on a daily basis since April 29th and I was quickly able to separate out those who had an informed opinion from those who didn't.
Hum, sort of like here on ZH.
I was simply bringing up that ZH has a few "oil and gas" trolls to go along with the usual "financial" trolls. When the trolls (of any stripe) can't make headway on actual facts, they turn to verbal assaults and ad hominem attacks. And the worst of them start off with the ad hominem attacks and progress downward from there.
This entire BP/Minerals Management Service/White House menage a trois stinks to high heaven.
http://en.wikipedia.org/wiki/M%C3%A9nage_%C3%A0_trois
CD, appreciate your efforts here.
I don't have time to read theoildrum as thoroughly as you due to other responsibilities.
I would find it extremely valuable if you would list some of the "wheat" posters over there, so we at ZH can surf over and skip the chaff. All about productivity, eh?
Rockman has been mentioned as Krasting-like. Are there others?
Much appreciated.
Where is GW on this? I would have expected to hear from him by now.
"As a result of those discussions we decided the process may benfit from additional analysis"
Is this classic double talk? I guess they could not say, "We looked at the seismic survey and realized we are scr*wed."
Also note, they suspended the drilling of the relief wells to allow study of the CAP. What!?! I dont think the roughnecks on the relief wells would be in their doing calculations on the CAP.
Mark my words, the suspension of the relief wells AND at the same time, the suspension of the test of the CAP means they know something BIG that they are not saying.
Sorry this is off topic, but GW has not put anything up on this yet.
I would be reluctant to jump to conclusions but it strikes me as piss poor planning if they all of a sudden decided they need to run a seismic scan of the area, which was conducted yesterday and appears to be ongoing today. I mean to temporarily shut down the relief well along with the oil recovery operations, flaring etc. in preparation for the big test of the new cap and now they put it all on hold??? And my reason for putting the link above, that dude is conservative and has little time for ideas that don't have data to support them. Probably the most respected contributor over at oildrum.
Check out this (its the ship that's scanning the sea bed or geological anomalies
http://www.marinetraffic.com/ais/default.aspx?mmsi=352923000
I asked in GW's next to last post about BP why after the junk shot/top kill failure, when it was widely reported that the reason the top kill was shut down early was because it didn't work and they were worried about below ground well casing/structure damage, that suddenly after the new "cap" is in place, they now decide it's OK to "test" the pressure? Wouldn't that also damage an already suspect well? I was told by one of the oil and gas trolls that there has been no "official" confirmation of well damage so it can't be so.
As I said above, this BP/MMS/White House menage a trois stinks to high heaven.
http://en.wikipedia.org/wiki/M%C3%A9nage_%C3%A0_trois
Bravo Sierra CD. You were told by this "oil & gas troll" that your information had come from the blogosphere not official statements. Which is true. No said "it can't be so". Further your logic is still cloudy and the direction of that conversation still holds true - it's invalid to make assumptions about a complex process based on information from suspect sources and then try to apply it back to the process.
It's also invalid to make assumptions about a complex process based on information from suspect sources, meaning BP and the conflicted government/Coast Guard/White House, and then try to apply it back to the process.
BP and the government, in fact the entire industry as a whole, has every legal and financial reason to downplay the severity of this problem. And they have been enabled by the government to do exactly that. So if you are going to refute my information because it is not "official" I shall refute your information precisely because it is "official".
Horse Sierra CD. You're shifting the argument. Your question in the previous thread was (and I'm paraphrasing) "we were told the top kill was stopped due to wellbore failure - now they're going to cap it why isn't that a problem". I told you that the problem with your analysis was that the first portion was from the blogosphere. The POINT was to explain that in your if-then formulation the "if" was not derived from the same source as the "then".
In dozens of threads I have criticized both BP and the government extensively. My arguments have been centered around bad science, experts who are poseurs and poor logic - those things demean the conversation, confuse the issues for the many people here whose expretise is in other areas, and feed the tin foil tone of the morons on the threads. I'd classify you in most of your comments as pretty intelligent - don't go down the road of "someone who disagreed with me must be attacking me because they're a shill". That thought process demeans you.
Horse Sierra gasmiinder.
Actually this is what I said in the prior thread.
And this is what I just said.
This is all about "official" credibility. And BP and the government have very little if any. They have every reason to lie and cover up and very little reason to be truthful. And my earlier thread which I posted above pointed this out. I repeat.
And while you are clearly an informed person regarding this subject your desire to post only on this subject and always in the defense of "official" information destroys your credibility. You try to mitigate this destruction by saying BP has done a terrible job and so on. But still you defend "official" information or the lack of "official" information as if any information that comes from "official" sources has higher credibility than non official sources. And that is naive at best and misinformation mongering at worst.
Dude - 1) I post 'only on this subject' because it is the only one that I believe I have knowledge on that will add value to the conversation. We would all get more value from the threads if many more people followed that course. I have no need to pretend to expertise I don't have and have never been one to talk just to hear my head rattle. If you think that NOT pontificating on things a person is ignorant of is evidence of LOW credibility I'm not sure how to respond. 2) BS on the "defend official information" - I have used what information that is available to make "best guess" assertions about what is likely going on. 3) I do rate information released from official sources as higher credibility than wild-assed internet speculation, that is NOT due to my placing a high value on "official" sources it is due rather to my utter disdain for wild-assed internet speculation.
Your quotes above are accurate and in context - but I would argue that my paraphrase is an accurate representation of your point. In the post in question you were asking IF (things were shut down due to wellbore failure) THEN (why can it work now). In response, my point was that (things were shut down due to wellbore failure) was information not derived from the same source as (why can it work now). You are the person who is conflating that with a defense of "official" sources - we may be talking past each other but the point was that the question was based on a logical inconsistency.
No actually I would agree with the statement that "this is the first official statement indicating concern over an underground blowout" exactly as the poster described. I'd also tell you that I read this morning's transcript with quite a bit of distress. In addition to the first clear statement that they are concerned with an underground blowout they basically said they're worried about where in the section that could be. Then there is the seismic profile - when I heard that BP was shutting down to "run a seismic test" it was a real headscratcher what value would be added by a true seismic profile - I assumed perhaps someone was confused and they were doing some borehole microseismic or even some rock properties work - none of which seemed like an obvious thing to do. Today he said they were shooting a profile in order to have a "baseline". Says to me they want it to compare to a "post-shutin" profile - which would tell them WHERE gas had leaked into the rock column in significant quantities. So they shut activity down and moved boats off the have a seismic baseline profile, that's a lot of effort (time/money) to put into a "potential need" test unless something makes you think you'll need it. Hard to say once the government gets involved - it can be hard to fathom what a bureaucrat thinks is logical vs an engineer.
How big a disaster a borehole failure is depends to a great deal on where it is in the borehole. I'm suspicious that the bottom shoe might have failed based on other things (his "backside" comment this morning) but that's very speculative. Regardless of whether hydrocarbons reach the seafloor it still makes the balancing act of killing with a relief well much more tricky.
Since this appears to be the place to put unrelated comments... How come no follow up on zh now that it is scientifically proven that Toyota never had any accelerator problems and it was all just a bunch of blog (and federal government (that now owns GM)) induced paranoia?
Hate to say I told you so but I did. And now for my next prognostication: The GoM will be the GoM of old within one year and all will be forgotten. Don't cancel your beach vacations.
there needs to be a place for unrelated comments and the forum here just doesn't cut it. Where is George? Where is Cheeky? Project Mayhem...
GW has a day job and several young children. He almost stopped posting entirely because of the time and emotional burden. Cheeky has serious health problems and drops in and out of ZH depending on how he feels. Project Mayhem left many months ago to parts unknown. No forwarding address was given.
...and I'm a bit wary of some of the news folks who appear to be paid trolls.
Won't name any names, of course.
I got called a troll once on ZH. Never got a check though. How to get sponsored...?
And that was a surprise to you?
if i never get junked, then i ain't doing something right
CD you have posting power. Put up the new info, write a short sincere comment, let us have at it. GW can stop in later when he can/wants to and take it from where you/we leave it. Just a suggestion, I hope you do not feel put upon with it.
You're fine for asking. I've considered doing so before (posting on BP) but I don't feel competent posting on this issue since it would be my opinion and not "fact". I don't wish to comment using links because then my post and my views are judged by the (linked to) information. I usually stick to my opinion or view.
BTW happy early ZH birthday MsCreant. You one year ZH birthday is tomorrow.
http://www.youtube.com/watch?v=RdsZT7WKjW8
Changed my mind MsCreant. Posted a short article for everyone to comment on. Here it is.
http://www.zerohedge.com/article/how-accurate-can-any-bpunified-command-info-be
Project Mayhem is missed, his posts were epic fun. Like dropping water balloons filled with cat urine from the Fed roof.
It was a shakedown to unionize. Toyota responded with, "fine motherfuckers, all this shit went wrong in the american factories and I guess we'll just have to pull our plants out." The administration capitulated in short order.
yea this action is disheartening. definitely manipulation
I'm curious what bullsh*t reason the financial media will give for movement like this.
That is, if they bother to mention it at all.
They might mention it. I expect the words 'fringe' and 'crank' and 'survivalist' will have a good chance of showing up in the script!!! It is nice to be loved.
Noob check the currencies...
Boob we heard ya the first time...
"We"? yea I also heard ya the first time but obviously that didn't get through...
so f'ng obvious...
So why is the drop a "manipulation", but not the pop?
Both the pop and the drop were, notice how it looks like it's giving you the middle finger.
+
I'm seeing the start of a cock and balls pattern myself.
Gaydar alert!
I'm a chick, silly.
My money is on tranny, not chick. Yuck.
"My money is on tranny, not chick."
It's your money, spend it on whatever you want.
He's from the SEC he doesn't know the difference between my money, your money and our money.
Good question.
The pop was "real" news (retail, USD drop)... the drop was the same crap... same time of day, same likely suspects.
Actually the "pop" was the product of a EUR/USD move and the "drop" was smart money selling into noobs like you who were wondering why...
"same time of day" - I didn't know that gold pops at 10 am and drops 5 min later on a daily basis; maybe you should trade that move....
THE POP WAS DUE TO HORRIBLE RETAIL NUMBERS,THE BALTIC DRY INDEX TANKING ,AND MORTGAGE APPLICATIONS DROPPING LIKE A STONE..GOLD GOES UP ON REAL NEWS...BUT SEEMS TO DROP ON EITHER NO NEWS OR POSITIVE NEWS FOR THE METAL..THUS MANIPULATION..
When the bad news happens, I wonder if margin calls and unwinds can start to happen that fast too? Pop and drop.
So that 'news' percolated around the market and then everyone bought at precisely 11AM EDT?
It's like watching a boulder roll down a hill vs rolling uphill. Which one looks like it's getting help?
Dude you should stop posting - you haven't posted a single logical comment.
Thinking & Logic is not your strength...
I could try talking slower for you, if that would help.
Clearly, your strength is in being a pretentious asshole.
That's fine by me as long as I know my shit - once I start speaking out of my ass like you, then you can call me out all you want...
Biggs: Clearly, you are in "the business". So am I. Licensed in June 1990.
I think its great that you have an opinion. You obviously have something to add.
However, when you qualify almost every remark by first marginalizing the opinion of anyone who dares disagree with you, you do, unfortunately, come off as a pretentious asshole.
The "business" is full of guys like you who, because they know a little about a lot of things, conclude that they are all-knowing masters of the universe. You're not and I'm not.
Remember, opinions are like assholes...we all have one...and differing opinions are what make markets.
Well said!
Turd, I appreciate your attempt at mediation but not you nor I are the focus here. I'm not sure how long you have been following this site but I can tell you that the central idea has shifted from awareness to catering to the group that need an alternate explanation for their personal failure, mainly to cater to the masses. Reader comments back in late 08 and early 09 were sophisticated and most commentators offered an objective opinion regardless of whether it fit with the overall theme of the post. Now it seems that people comment to either agree with the group think or bitch at the market for going against them - either way, the open forum promoting awareness and free thinking is extinct (<1% actually have something relevant to offer). Since when is marking somebody's opinion as spam when it offers an alternate opinion (check my posts for confirmation) not pretentious? Try taking the other side of ZH's group think one of these days and then we'll talk about who is marginalizing who...
I never claimed to be an all-knowing master of the universe, but having spent the last 5 years in the quant/hft space, qualifies me as being somewhat knowledgeable on the topic - wouldn't you say? Also, if you followed any of my comments, you would see that I tend to comment on the technical market posts (ES volume, AUD/JPY correlations, etc..) rather than the fundamental/opinion posts wouldn't you say? - simply because hft and market internals are the bread and butter of my profession... I hardly see how a car mechanic or unemployed secretary who copy/pastes their comment word for word from a previous post qualifies as a relevant opinion on the topic.
When you say that you're licensed since June 1990, are you referring to a series 7? If so, no offense but that's like saying you scored a 900 on the SAT. You have not in the business unless you've worked for one of the big boys at one time or another. If you have, hats off to you and all the more credit. Otherwise, keep rolling with the group think - I don't blame you for wanting to feel like you're a part of something (as pretentious as this may sound to you, please understand that I am only being sincere)...
And I'm sticking with what I said earlier: If I ever talk out of my ass, please feel free to throw as many insults and mark me as spam as much as you'd like. Otherwise, simply offer a counter opinion if you disagree and I will do the same.
Thank you
Biggs: Well said and I appreciate the volume of your response.
One last thing regarding "group think". Yes, there certainly is a lot of it here. However, there is also a lot of it throughout the entire industry. Keep an open mind to the changing times.
I haven't checked currencies but the pop and drop is probably the Great Brittain Pound getting ass pounded.
just buy the dips and sell the rips
The classic chub and balls formation. C======8, suck it ppt.
Excellent
That's funny my fellow pervert, I commented on the classic cock and balls pattern up thread.
Somewhere Jeff Gannon is smiling.
hansel... he's so hot right now...
just buy the dips and sell the rips
I ain't selling nothin'.
+ $1200 Mr Lennon.
Buy the Wealth Preserver and never sell. Give it away...
Until the stars fall from the sky.
you might want to sell a bit before they start mining the asteroid belt..
disheartening? nah just take advantage of the low price to buy more physical. And thank Jamie
Hmmm.... it may just take off soon...
Think of it as a "gift".
They are giving us the opportunity to buy the real thing for fewer pieces of confetti. I intend to take full advantage of this and any future "gifts" presented to us by the failing fiat fraudsters.
+1
I'm adding to my Au and Ag positions AFAP
Another + $1200.
Might not be much time left.
All paper trades, no two ways about it. Paper gold is in trouble when QE 2.0 hits the streets.
Bingo. Paper gold burns.
Yes it does.
By the way, we are having a bonfire behind the Fed this weekend; we are borrowing the Fed furnace for the night, too. Everybody is invited! If you love FIAT, bring it, we want to see what you do when we ask to throw it in (bluff?). And I will be supplying some of the gold and silver that will be tossed into the fire....if you want you can b.y.o.g....should be fun!
Paper gold will never disconnect from the physical.
ps: Did you again see how Drys is FLYING? How are your shorts doing now? :)
A fool outs himself as such by speaking in absolutes.
In other words, never say "never".
Oh don't make me laugh, it takes alot of talent to post insults behind a computer screen, it really does. So congrat on this talent you have got Tmosley, and try to reflect your real life shortcommings to others through your keyboard to proof to yourself and to others that share the pittyfull life you actually have that you are not a fool.
I'm not the one flinging insults about as though I were tossing candy in a fourth of July parade.
Fools speak in absolutes, and when they have no facts, they resort to personal attacks, as you have done. If you are not a fool, then you are a hell of an impersonator.
Odd that before today, your posts have been noise (ie unremarked, at least by me), but today I noticed that you have been calling people names left and right. Did we wake up on the wrong side of the bed this morning?
isn't there a way to remove this idiot's posts without having to wait for 20 junks
Get yourself 20 logins. ;-)
When GS et al demand the physical gold holdings of GLD????
You're arguing with a brick wall... No one on this board will be bothered to understand the delivery mechanism.
You are wrong. the hunts broke the bagged silver contract and it never traded again.
This is ridiculous
Natural move is up for Gold and Silver. The 4 to 6 hour slow pushes up which then start to accelerate have to be causing panic at Crimex. All the "corrections" are 1, 2, 3 minute events when they overwhelm the bid with short selling and knock it down 1-2-3%. There's no actual selling, only paper selling (oh some longs do get knocked out by stops or panic or leverage).
If you play the casino paper game and are long, Do not Leverage, you will get knocked out and hurt. Do not put in a Stop Loss, because they form a target for the crooks. Take possession of physical Gold and Silver, that's the best strategy.
I don't trade, because trading never worked well for me in the past.
But, I feel much better about physical Gold and Silver. Yeah, Platinum too.
That´s still Paulson fund liquidating...
the algos are clearly involved in gold now, notice the spike at the same time the dollar sold off. I'm sure some traders added fuel to the fire to see if they could trip some stops. Manipulation works both ways.
This is mostly manipulation; can't blame the dumb monie today, except those that are unwinding long doelarr positions (long doelarr positions?). Look at the bank stocks (C/JPM/GS), they are giving up leverage and doing favors for the Fed who does not want to look too stupid in the face of gold, isn't that right 'I have no idea what gold is, even though I am the custodian for the largest Private Reserve in the world' Ben Shalom Bernanke; they do this from time to time- "We'll scratch your back sometimes, if you scratch ours most of the time."
The tell is that gold got shaken down just past its first support level ($1207 per OZ). If this wasn't manipulation, it wouldn't have been taken down that far (the extra squeeze was from $1207 to $1204). Not much I know, they are being gentle as of now.
The selling surely isn't the physical market. In this environment, everyone is buying gold, from mechanics and postal workers to retirees.
Also note, this dive isn't on "bad news" (like there is a thing for gold).
More than anything, the self proclaimed "M"arket "M"akers and mandated price fixers (Lord BlankCheck and FED-yes they tell you what they do, as it gives them "power") are trying to disguise the ponzi; too bad an infant with curious enough eyes can see what they are up to.
They are betting that the move gets chalked up on a capitulation phase <cough cough>.....until $1207 yes, $1204, no.
And what they are doing is VERY DANGEROUS; thus why they were gentle. If they try and take it down to $1197 and $18.12, we could have a splash crash. Platinum is low enough to trigger such. This would be like sailing straight into a hurricane.
Our boats are headed for new shores, silver anchors in tow. Our Argonaut is destined for new land, so we expand on our currentseas.
So hey, buying opportunity!
M.O.P. - Ante Up:http://www.youtube.com/watch?v=rGpkSQTSI2o
To the ghost of JP Morgan, the SELF PROCLAIMED Sun King, and he, Jay Rock Feller, the diamond miner, selling dirt as gold!!!! I call you out!
Face me, oh junkers!
What do you not like, the support level? Look at what happened once the NY banking oligarchs left their station...$1207!
And I called danger, and then equities took a nose dive. What say you ghosts, what say you?
Visit me ghosts and face me. I call you out!!!!!
you lot really are the biggest bunch of morons going!
well that explains your presence here.
With a name like that, I hope he is always in character!
Or the real dude!
Hey Natty, say whats up to Osbourne and Cam for me!
http://i.dailymail.co.uk/i/pix/2008/10/22/article-1079569-02331184000005...
http://iconicphotos.files.wordpress.com/2010/03/cameroneton2_468x420.jpg
FYI
http://www.businessinsider.com/chinas-top-gold-miner-gets-shut-down-afte...
I love that, gold gets hits with news like this. Perfectly normal behavior in never-never land!
Shares of Zijin Mining Group Co tumbled today in Shanghai after the mining company announced a temporary shutdown to deal with a toxic spill that poisoned up to 2,000 tons of fish, according to China Daily.
An extended shutdown could cut into global gold supply: The closed mine produces 60 percent of Zijin's gold. Zijin is the top gold producer in the world's second most gold producing country.
The toxic spill involved chemicals from copper, not gold, production at the mine. Zijin blames the spill on regional rainfall and flooding.
Read more: http://www.businessinsider.com/chinas-top-gold-miner-gets-shut-down-after-poisoning-2000-tons-of-fish-2010-7#ixzz0tgFU7ZUs
Yeah the timing of the news release caught my eye...right around the London close & wham moonshot...then withdrawls. I started casting around the edge of the grass and that's all the news I could come up with.
Gold looks to be testing the 5yr. 60ma...I'm looking at the 1070-1120 area to get some more...physical. I'm in for the long haul, not a trade.
Regards
Here comes the counter-manipulation slow melt-up rally.
Yes, now that PMs are back at support, let the meltup commence!
....
Oh, I get it. We call them manipulators, so back at us, eh?
So now the manipulators are market makers and the market is just a bunch of little manipulators?
probably the smartest thing you've ever posted...
Johnny Bates? Is that you?
Now you're just pretending to understand.
Can you please explain to me what a carry trade is without using investopedia?
"Can you please explain to me what a carry trade is"
Yes. That is when I drive all the way down to Waco and carry some of my FRN's into the coin shop and trade them for silver AE's.
That's my carry trade.
The technical definition where some really smart folks game FX numbers by using the difference in certain countries interest rates vs. exchange rates is way too risky for a simpleton like me.
Not quite cowboy - you missed the part where borrowing one of the currencies actually funds the purchase of the other... so maybe it would have been helpful to look at investopedia prior to being a smart ass.
You're right - stick to carrying and trading your silver coins.
You are so right. You are sooooo smart. Can we rename you as "Finance God" or something like that? Why do you think I mentioned interest rates? Ohhhh, that's right, all money is borrowed for free now. Stupid me. What was a Libor anyway?
In case you need help with reading comprehension, I was alluding to the fact that carry trades are much too sophisticated for the ordinary "investor".
By the way, I am not an investor - I prefer to be thought of as a "saver". I know, the wiznerds of finance like yourself are doing "gods work" and deserve to be richly paid for it. You deserve to have heaps of money poured down your throat becasue you are soooo much smarter than the rest of us.
Me, I just keep the lights on at a local power plant. Not very important in the overall scheme of things, I suppose. I know when people get up in the morning they are much more disappointed if the daytraders and stock brokers are offline than if their homes are dark, refrigerators hot and bath not.
Oh, and I am completely debt-free (no, no mortgage on house or acreage, car payment, student loan or CC debt, cattle and other livestock paid for with cash). I deal in absolutes. A paper promise to give me my stuff (silver/gold) that I have already paid for does not seem as secure as having the product in my hand.
I guess you really, really smart Wall Street types just don't understand "Joe Sixpack". Could that be why you guys are so well liked? Let me give you a hint:
IT WAS AN ATTEMPT AT HUMOR - you moron.
Cowboy, next time be ready for a fight prior to attempting to get a laugh at someone else's expense. You conveniently barked up my tree, so live up to what you started rather than dodging the topic at hand by offering an emotional detour in the form of your pathetic life story.
Yes, my life is pathetic - and yours is so special, because?
Ohhhh, that's right - you're in "high finance".
If you can't take a little humor in your life while visiting a website that caters to people interested in a wide variety of economic information and views, then I pity you.
Now, cross your arms on your chest, lift your chin to the sky, turn your head to the left, no, a little more, and look down your nose at "the cowboy" who has such a pathetic existence that he can see humor in most things. Wow! You look just like Obama when he regards the rest of us unwashed masses!
Wow, now I feel like a real expert. Really, that's all I needed to already know?
Guys, J.P. Morgan is desperately tying to hold 1083.00. Bombard them down the road. Market orders.
It was a really bad idea for them to mess with gold today.
Jay Me Diamond???? I told you so!!!!!
Idiots................
just another opportunity to buy up more physical. lots of stuff happening to suggest gold is getting ready for a big pop despite all this manipulation.
BIS gold swap announcement (and what it might mean) is very very interesting:
http://www.usagold.com/cpmforum/?p=178151
Ahhhh, that was a nice mid-day nap. I feel so refreshed; I'll just sit myself down here, get comfortable with a strong coffee, have a quick look at the charts and check my... hey! What happened here?! Who shit the shower?
Ah well, <clink, clink, clink, clink, clink, clink, clink, clink, clink, clink, clink, clink, clink, Clank, Clank... CLUNK> My, isn't that a pretty sight (sigh). Well, I guess I'm off to see the Russian right smartly for some more of the same. Thank you leveraged paper naked short Comex player gits for making this investing thing so simple.
Regards
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