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Build In Oil Inventories Leads To Plunge In... Gold

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Wed, 03/30/2011 - 10:44 | 1116846 LawsofPhysics
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Wed, 03/30/2011 - 10:51 | 1116885 SheepDog-One
SheepDog-One's picture

Pass me some more crazy pills, if enough are swallowed, maybe we can come full circle to sanity land.

Wed, 03/30/2011 - 11:05 | 1116936 Cdad
Cdad's picture

Nope Dog,

You'll arrive at a unicorn ranch...which can be fun.

As for gold plunging as a proxy for oil, while another Apple analyst commits credibility suicide upgrading the thing as margins collapse faster than the supply chain, causing the stock to fall as the NASDAQ rises [even though Apple is 25% of that index], while casual diners rise despite massive off loading of shares...which is curious...ummm....

Yeah, give me some more pills too and we'll ride unicorns this afternoon....K?  Let's see if Bob Pisani wants to join us...cause I'm sure he is very excited.

Wed, 03/30/2011 - 11:23 | 1117022 66Sexy
66Sexy's picture

Fuck this fake economy.

I used to trade, now i am 'opting out'.

I no longer choose to participate. I would rather lose my money chasing pipedreams in vegas than buy at these levels.

Have fun, or fuck it.

Wed, 03/30/2011 - 11:31 | 1117084 Cdad
Cdad's picture

When a market rewards the last and worst trader of the day, each and every day, it is no longer a market.  It is officially a Ponzi scheme.  So should the morons rush into shares of  Chipotle or Apple today, and should they be carried to profits by the close yet again, you will then know what the condition of the market is.

It isn't a market.  It is the wasteland that Ben Bernanke made when he printed our dollars into oblivion and gave them to J. Dimon and L. Blankfeind and such...because Ben still detected that subprime mortgage paper was still deflating, and this after the first TARP bailout of the banks did not work [because bankers sopped it all up playing stock market and taking huge bonuses].  Ponzi freakin' wasteland!

But what are you bitching about?  We're all meeting at the unicorn ranch today.  Chin up, dude!

Wed, 03/30/2011 - 11:32 | 1117092 TruthInSunshine
TruthInSunshine's picture

A unicorn ranch!

Why didn't I think of that?

My only apprehension is that they eat skittles, and those have really gone up in price because of The Bernank & The Quantitative Easing.

Wed, 03/30/2011 - 12:03 | 1117308 Cdad
Cdad's picture

Brother Truth,

Skittles?  Really?  I thought unicorns ate Ipads...which are getting cheaper all the time, I am hearing....not that Apple shares know this.

Skittles?  Man, nothing is going right today.  Surely some more easing would fix things....OR...

100,000 bankers fired out of NY, NY...a thinning out of the criminal syndicate known as Wall Street.

But what do I know...this is my first trip to the unicorn ranch, and I am not a "preferred" banker...so, you know, it doesn't matter what I think.

Man...I miss shopping stories.

Wed, 03/30/2011 - 12:55 | 1117599 TruthInSunshine
TruthInSunshine's picture

I tried feeding them iPad, because it was cheaper than skittles, but the meat had more gristle. They thrive on skittles and earl grey.

Oh, and I agree with you about that whole Wall Street Epic Criminal Racket comment. But for now, the sheeple are buying lots of iPad with their UE and non-payment of mortgage money.

So it's good for the next couple weeks, or months, or however, until it's not, at which time it will be very, very dark.

Wed, 03/30/2011 - 12:08 | 1117331 Carl Spackler
Carl Spackler's picture

I've been raising unicorns on my farm for some time.

Having a problem keeping their horn on, though.

Hmmm. Maybe I should be feeding them some QE3 mix instead of grass and grain.

Wed, 03/30/2011 - 13:24 | 1117755 LooseLee
LooseLee's picture

Bob Piss-On-Me: leading establishment conformist shill at the NYSE for cnbc. What a disgrace!

Wed, 03/30/2011 - 20:35 | 1119677 StychoKiller
StychoKiller's picture

He also defiled a Shao-lin temple, go kick his @ss, LooseLee!

Wed, 03/30/2011 - 11:01 | 1116910 the mad hatter
the mad hatter's picture

BEN SHALOM BERNANKE: motion is seconded.

BALIFF: all in favor say 'aye'


BALIFF: all who object say 'nay'



Wed, 03/30/2011 - 10:46 | 1116849 alien-IQ
alien-IQ's picture

and now the DXY appears to be following suit and taking a nose dive.


Wed, 03/30/2011 - 10:45 | 1116855 CitizenPete
CitizenPete's picture

Awesome, BTFD

Wed, 03/30/2011 - 10:45 | 1116856 TruthInSunshine
TruthInSunshine's picture

These are the schizophrenia markets, because you'd have to be schizophrenic to think that there's any correlation to reality -

- whatsoever.

Wed, 03/30/2011 - 10:55 | 1116896 rocker
rocker's picture

CNBC ask today: What will it take to get regular investors back in the market? 

Does the public understand it is a rigged game to take their money.  Yup !

Wed, 03/30/2011 - 11:14 | 1116986 NotApplicable
NotApplicable's picture

All regular investors are now investing in the supermarket.

Wed, 03/30/2011 - 12:47 | 1117553 Mr Anderson
Mr Anderson's picture

Didn't mean to junk  you, my apologies.

   The I phone did it I swear

Wed, 03/30/2011 - 10:45 | 1116857 ms1408
ms1408's picture

This is just manipulation to discourage future/options holders from standing for delivery.

Wed, 03/30/2011 - 10:47 | 1116858 aVian
aVian's picture

more games

Wed, 03/30/2011 - 10:47 | 1116863 RobotTrader
RobotTrader's picture

My condolences to Jim Puplava, Eric King, and Chris Martenson.

Retail index now printing new highs, while gold and oil get slammed.

Wed, 03/30/2011 - 10:49 | 1116872 SheepDog-One
SheepDog-One's picture

LOL, Catfishmouth drama queen wildly exagerates a PM holder total drubbing, while reality shows PM's are still up for the day. 

Wed, 03/30/2011 - 10:56 | 1116907 rocker
rocker's picture

The TBTF and the HFT's are pushing all the scumbag banks up today. Check out FAZ. Whoooooooo.

So the rigged game continues.

Wed, 03/30/2011 - 11:34 | 1117096 DoChenRollingBearing
DoChenRollingBearing's picture

The bots have gone crazy!  No humans are left in equities!

Gold?  Yes, BTFD.

Wed, 03/30/2011 - 11:04 | 1116913 El Hosel
El Hosel's picture

   Gold has been bouncing around $1400 since last fall, BFD, BTFD.

 Gold is up 200% versus the RTH since 2005


Wed, 03/30/2011 - 11:01 | 1116926 alien-IQ
alien-IQ's picture

Robo...what the fuck happened man? You used to provide interesting posts with some occasionally valuable insight...but lately, you've become this piggish troll whos post add about as much value and content as Harry Wagner.

it's sad to see.

Wed, 03/30/2011 - 11:07 | 1116955 Robot Traders Mom
Robot Traders Mom's picture

Are you serious? he has always posted some dumb chart from yahoo finance showing the 1 month gain in some fraudulent tech stock. I would hardly call that valuable.

Don't encourage him. He is a 20 year-old punk who has no money to invest and no job. That is why he trolls.

Wed, 03/30/2011 - 11:34 | 1117097 Ethics Gradient
Ethics Gradient's picture

There are, of course, other possibilities.

Wed, 03/30/2011 - 11:08 | 1116961 Spalding_Smailes
Spalding_Smailes's picture

Because when he post solid info the doomer sect like sheep dog ect .... Blast him every single time for bringing another viewpoint. So its real fun to rub this shit in said faces.

All the doomer's ignore the fortune 500 like Cat, Mcd's, Pepsi ect ..... Stupidity.

Wed, 03/30/2011 - 11:11 | 1116981 SheepDog-One
SheepDog-One's picture

Aw the Smailes kid is defending his pal Catfishmouth, thats sweet.

Wed, 03/30/2011 - 11:18 | 1117016 Spalding_Smailes
Spalding_Smailes's picture

Nice none answer ..... 


Got CAT ?

Got Flour ?

Got Pepsi ?

Got Macy's ?

The back bone of the USA is getting stronger, no more depression, the credit implosion was 3 years ago but you still run around like a fool yelling bloody murder .....

Wed, 03/30/2011 - 11:26 | 1117069 El Hosel
El Hosel's picture


Is an economy being propped up by trillions of dollars a sign of strength? Lets stop Gov interfering in all the markets and see who yells bloody murder. 

Wed, 03/30/2011 - 11:34 | 1117112 Peterpaul
Peterpaul's picture

Don't forget MO! What's more American than home grown tobacco?

Wed, 03/30/2011 - 11:27 | 1117064 Robot Traders Mom
Robot Traders Mom's picture

I actually like reading your posts, as much as i disagree because you bring some good arguments into the mix.

Robot doesn't do any of that. He posts a stupid fucking chart of Apple and says something dumb about how the ipad2 has exceeded even his demand. That is what trolls do.

Wed, 03/30/2011 - 11:35 | 1117120 TruthInSunshine
TruthInSunshine's picture

Smailes brings good arguments into the mix? Really?

The back bone of the USA is getting stronger, no more depression, the credit implosion was 3 years ago but you still run around like a fool yelling bloody murder

Ahhh, no.

Wed, 03/30/2011 - 13:16 | 1117724 Bay of Pigs
Bay of Pigs's picture


Spalding's sense of reality is distorted. He still can't/won't acknowledge the eleven year bull run in gold. His arguments are weak and off base when it comes to PM's.

Robo's personal attacks on those gentlemen is utterly laughable. 

Wed, 03/30/2011 - 11:57 | 1117276 DosZap
DosZap's picture


 No we do not ignore them, it's just that alll their profits are in offshore banks, and in offshore workers pockets.Because their products are made everywhere except HERE.

They may as well not even be here for the few that remain on the American payrolls.

It's that, and their exports that are making them profitable, it's not coming back at us,or to us.

Wed, 03/30/2011 - 12:47 | 1117566 Mr Anderson
Mr Anderson's picture

Unless you happen to own stocks of said companies.

Wed, 03/30/2011 - 11:16 | 1117000 Gold 36000
Gold 36000's picture

No way!  Gold is going to 36000.


This is a new era.  This time it really is different.  The old rules don't apply anymore!

Wed, 03/30/2011 - 12:06 | 1117334 Millivanilli
Millivanilli's picture

robottrader, you are a true shit fur brains kind of dude, but I like your girly pics!

Wed, 03/30/2011 - 10:48 | 1116867 lizzy36
lizzy36's picture

Perhaps gold/silver is telling us that there will be NO QE3 in 2011. 

Wed, 03/30/2011 - 10:55 | 1116898 Dr. Richard Head
Dr. Richard Head's picture

Short term action in this heavily shorted, naked albeit, silver market is not telegraphing anything regarding QE3.  Long term trend is another story.

You know what would happen without QE3 right?  Something about the inverse relationship between bonds and interest rates might give you a clue.  Again, what is that % of debt servicing as it relates to GDP?  Hmmmmm.....

I wish there would be no additional QE at this point. It would be nice to hear the music stop as I alrady have my seat.

Wed, 03/30/2011 - 10:50 | 1116876 smeagol
smeagol's picture

from the plunge on the chart, watching in realtime, I thought world peace had just been declared. I BTFD

Wed, 03/30/2011 - 10:50 | 1116878 bob_dabolina
bob_dabolina's picture

I think higher inventories is extremely bullish for everything.

You see, Bernanke sees this and figures more QE will be needed.

Wed, 03/30/2011 - 10:52 | 1116880 Yardfarmer
Yardfarmer's picture

after years of watching the charts, I personally have observed that if there is to be one, a PM smackdown consistently takes place with unfailing regularity at 10:00 a.m. eastern time. i fail to see how this has anything to do with the supply of oil. please enlighten me.

Wed, 03/30/2011 - 10:53 | 1116892 SheepDog-One
SheepDog-One's picture

Yea its just more random BS as usual. People trying to link 1 minute snapshots of insanity to another are in for a lot of brain damage.

Wed, 03/30/2011 - 11:18 | 1117009 NotApplicable
NotApplicable's picture

10 AM EDT = 3 PM London = Afternoon gold fix.

Question is, do the attacks come before, during or after the fix?

Wed, 03/30/2011 - 12:02 | 1117303 DosZap
DosZap's picture

After,Londons close is the deathknell 9 of 10 times.

Just like after the US Mkt closes(when you cannot buy except w/charge cards), the bottoms are made.

Wed, 03/30/2011 - 10:52 | 1116883 ufamizm
ufamizm's picture

Just painting the quarterly tape. 

Wed, 03/30/2011 - 10:52 | 1116886 chinaguy
chinaguy's picture

gold's down -0.01% for the day...this is a plunge?

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