• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

Carry Bloodbath Resumes With Full Blown Liquidations Imminent

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Tue, 05/18/2010 - 21:24 | 359581 Hx3
Hx3's picture

Smokin'!

Tue, 05/18/2010 - 21:24 | 359584 M31Capital
M31Capital's picture

USDJPY to retest Flash Crash lows.

Tue, 05/18/2010 - 21:27 | 359590 HFT1
HFT1's picture

Those 87 XDA Sept puts look better everyday. I thought it would rally Pm and AM but hey sell baby sell. The 133 Sept XDE puts look even better, what a bunch of jackasses debating bills about the banks that put them in power.....we have seen the enemy and he is us. All i can think is i am pissed I cut the aud/jpy short at 7988, damn. Carnage is beautiful.

Tue, 05/18/2010 - 21:27 | 359591 Nigaz
Nigaz's picture

Ah, don't sell the Fed so short just yet...

Tue, 05/18/2010 - 21:27 | 359592 Crime of the Century
Crime of the Century's picture

Tyler dude, just stop it. You have Denninger arguing with himself and I think he is going to go Scanners. My popcorn isn't ready...

Tue, 05/18/2010 - 21:28 | 359595 johngaltfla
johngaltfla's picture

No way?! I've got to check that out.-:)

Tue, 05/18/2010 - 21:28 | 359597 Hx3
Hx3's picture

+1

Tue, 05/18/2010 - 21:33 | 359611 Simon Jester
Simon Jester's picture

+2

Tue, 05/18/2010 - 21:37 | 359625 Mad Max
Mad Max's picture

Too funny.  I can't find him arguing with himself, but your description was good for some laughs.

Wed, 05/19/2010 - 09:58 | 360507 Attitude_Check
Attitude_Check's picture

He has two articles in a row, one that rails against the German naked short sale ban as a liquidity nightmare, and the next that praises it as a shot against the casono gambling banksters.

 

I'm with the second point myself.  If you can't borrow it you shouldn'r "sell" it, and you shouldn't be able to "bet" that your neighbors house will burm down.

Wed, 05/19/2010 - 10:06 | 360520 Attitude_Check
Attitude_Check's picture

He has two articles in a row, one that rails against the German naked short sale ban as a liquidity nightmare, and the next that praises it as a shot against the casono gambling banksters.

 

I'm with the second point myself.  If you can't borrow it you shouldn'r "sell" it, and you shouldn't be able to "bet" that your neighbors house will burm down.

Wed, 05/19/2010 - 10:37 | 360606 Attitude_Check
Attitude_Check's picture

He has two articles in a row, one that rails against the German naked short sale ban as a liquidity nightmare, and the next that praises it as a shot against the casono gambling banksters.

 

I'm with the second point myself.  If you can't borrow it you shouldn'r "sell" it, and you shouldn't be able to "bet" that your neighbors house will burm down.

Tue, 05/18/2010 - 21:42 | 359638 molecool
molecool's picture

Scanners - snort!!! :-))

Tue, 05/18/2010 - 23:24 | 359887 Hephasteus
Hephasteus's picture

Psychotic Breaks. They aren't pretty.

Tue, 05/18/2010 - 21:27 | 359593 johngaltfla
johngaltfla's picture

GBP/JPY a disaster.

EUR/JPY looks like BoJ has surrendered and will let it rip.

AUD & Kiwi getting smoked.

Oh and the 10 year is creeping lower in yield.

6 month T is also dropping in yield, last I have it is 0.20%

Smells like a massive carry unwind with both the Yen and Dollar at the same time. Bad news for the US when this happens. Eventually all that funny money ends up back home...

Tue, 05/18/2010 - 21:31 | 359602 Nigaz
Nigaz's picture

Hong Kong even dumping gold tonight.

(also, would have expected a screen of $67 crude somewhere here already)

Tue, 05/18/2010 - 21:40 | 359633 Rusty_Shackleford
Rusty_Shackleford's picture

Be nimble boys. 

This may be the last chance to get some physical gold on the cheap.

Tue, 05/18/2010 - 21:44 | 359645 molecool
molecool's picture

Only 97% gold longs out there - sure - let's go for 99%.

Tue, 05/18/2010 - 21:44 | 359650 johngaltfla
johngaltfla's picture

I'd wait for the 1075-1125 area. Then again, I'm a realist about what the central banksters have to do about gold prices. They have to crush it one more time plus it is a very good technical move.

Tue, 05/18/2010 - 21:55 | 359678 moneymutt
moneymutt's picture

agreed, CBers will crush anything people are using to retain a tidbit of wealth...

Tue, 05/18/2010 - 22:01 | 359684 Rusty_Shackleford
Rusty_Shackleford's picture

Hell.  I'm hoping for under $1000.

Tue, 05/18/2010 - 22:26 | 359740 johngaltfla
johngaltfla's picture

Don't see it Rusty. Absolute lowest support is $1040ish with $1064 strong. I figure a pullback to $1075 +/-6 or 7 bucks intraday and consolidation between $1150-$1225 until summer's end.

You'll have to be nimble to nab that. GLD performed better than physical today and that is bizarro land.

Tue, 05/18/2010 - 22:40 | 359772 Rusty_Shackleford
Rusty_Shackleford's picture

Yeah, you're probably right.  You never know though. 

 

Once chaos is unleashed...

Tue, 05/18/2010 - 23:03 | 359830 Double down
Double down's picture

Noticed that, yesterday I apparently made something out of nothing  

Tue, 05/18/2010 - 22:32 | 359746 jdrose1985
jdrose1985's picture

Hell.  I'm hoping for under $1000.

Hell I'm hoping to go sub $800 / sub $8 as the SGR blows wide open to 100

Have I been hoping for too much since I sold PM's in favor of FRN's late '09 ? Methinks not...

 

 

Tue, 05/18/2010 - 23:26 | 359892 Hephasteus
Hephasteus's picture

Hope and $1214 will get you an ounce of gold.

Tue, 05/18/2010 - 22:25 | 359730 Cognitive Dissonance
Cognitive Dissonance's picture

Agreed. Once you are fully committed to the insanity, everything is on the table and all strategies MUST be implemented in order to prove to the world you are sane. Since the ONLY thing holding the world together is confidence in a system that can not maintained much longer in it's present condition, and everyone knows this deep down, the only road they can take is complete and utter insanity.

They simply cannot admit the system is insolvent because that will be the final straw that signals destruction. They are committed to the abyss, which speaks to the insanity coming down the road and around the corner. Someone needs to hit BB and the Fed with some Thorazine darts before this goes thermonuclear.

I'm not kidding in the least bit. They WILL go down with the ship and they will take everyone with them.

Tue, 05/18/2010 - 23:06 | 359835 Double down
Double down's picture

Methinks a grassy knoll is around the corner for some of these people.  Long befoe we break someone important will.  

Wed, 05/19/2010 - 00:41 | 360030 itchy166
itchy166's picture

+1

Wed, 05/19/2010 - 07:53 | 360309 tip e. canoe
tip e. canoe's picture

"Someone needs to hit BB and the Fed with some Thorazine darts "  ha!  though i would personally dip the darts in a strong brew of Ayahuasca instead to get the DMT flowin...

CogDis, think you hit the core with that 1st paragraph.  watch for the gusher and make sure you don't have any leaks.

Wed, 05/19/2010 - 00:31 | 360005 Willzyx
Willzyx's picture

Yup, hammer the gold right before the options expire.  Same old, same old

Tue, 05/18/2010 - 22:44 | 359782 Itsalie
Itsalie's picture

Funny how americans have forgotten the action in the days following Lehman Day, this is exac replay - hedge funds' margin calls forced selling of every profitable (or not) trade, especially gold.

Folks, for your own financial and mental well being, please stand aside when Europe opens today (assuming you are not asleep or already up, depending on where you are in the US).

Tue, 05/18/2010 - 23:56 | 359960 Cursive
Cursive's picture

Lehman?  Whut?  It's different this time!  You think "they" are going to let the market go down?  You think the PPT is just going to step aside?  They wouldn't do that!  Uh, or would they?  This won't end well for the Harry Wangers of the world.

Tue, 05/18/2010 - 21:29 | 359598 mephisto
mephisto's picture

In such cases there is usually time to walk, not run, to the lifeboats. The trick is to know when is the time.

This is the time.

Tue, 05/18/2010 - 21:43 | 359644 Rusty_Shackleford
Rusty_Shackleford's picture

Oh didn't you hear? 

The exchange you purchased the lifeboat futures from has elected for cash settlement. 

Here's your cash. 

Good Luck. 

Damn that water looks cold.

Tue, 05/18/2010 - 22:25 | 359732 snowball777
snowball777's picture

And deep too. ;)

(apologies to anyone who doesn't know the joke that goes with this punchline)

Tue, 05/18/2010 - 22:52 | 359797 Rusty_Shackleford
Rusty_Shackleford's picture

Richard Pryor

R.I.P.

Tue, 05/18/2010 - 22:30 | 359749 mikla
mikla's picture

+1 HAHAHAHAHAHAAAAA!

That's some funny stuff there, I don't care who you are.

Tue, 05/18/2010 - 23:18 | 359869 Apocalypse Now
Apocalypse Now's picture

Rusty, that's some great material there.  You should be writing for the Daily Show.

Sun, 05/23/2010 - 16:19 | 368990 Rusty_Shackleford
Rusty_Shackleford's picture

Thanks man.  I love your stuff too.

Tue, 05/18/2010 - 21:30 | 359599 Psquared
Psquared's picture

Since we live in an FX world, with all these currencies plunging something other than the dollar must be rising? Or is everyone in the world trying to buy dollars?

Sounds like a short dollar opportunity coming soon.

Tue, 05/18/2010 - 21:34 | 359617 Nigaz
Nigaz's picture

JPY

Tue, 05/18/2010 - 21:35 | 359620 HFT1
HFT1's picture

Yen is a safe haven currency as well. Or seen as, I dont think anything is safe but its tradeable. Once the ECB tries to intervene the Euro will plunge and the market will Bitch slap it to parity. IF the Japanese are intervening, which I seriously doubt, they will be met with willing sellers as well. Too big to bail....

Tue, 05/18/2010 - 23:08 | 359840 Double down
Double down's picture

SHIT did not even think about that?  Maybe the print is just the latest ASK? 

Tue, 05/18/2010 - 21:31 | 359601 Sad Sufi
Sad Sufi's picture

Does this mean my real estate is going down?

Unemployment high, available money low.

Have I go a mortgage for you!

Tue, 05/18/2010 - 21:31 | 359605 buzlightening
buzlightening's picture

 

Watch this: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dxy&sid=0&o_symb=dxy&x=45&y=15 

White bright death star flames out over America!! Moon shot to oblivion!! EURO! The bow breaking on the world wide TITanic paper ponzi implosion!  Taking refuge in the stern as it breaks apart is no financial life preserver!  All paper is chit and backed by thin air promises returning to it intrinsic value!  Zerooooooooooooo!

 

Tue, 05/18/2010 - 21:35 | 359616 Cognitive Dissonance
Cognitive Dissonance's picture

Strange how all this is going on while the CONgress is debating putting some teeth in the Financial FRAUDULENT Reform bill.

Let's see if the Fed and the banking cartel can get them to roll over and beg like they did in 2008 with the bailout bill. Stupid pet tricks anyone? Play dead until it comes alive.

http://www.youtube.com/watch?v=DalB-CvO7Qc

Tue, 05/18/2010 - 22:25 | 359735 tip e. canoe
tip e. canoe's picture

what a coinkydink

Tue, 05/18/2010 - 21:35 | 359619 Alienated Serf
Alienated Serf's picture

Dollar from reserve currency to one world currency?

Tue, 05/18/2010 - 22:34 | 359755 jdrose1985
jdrose1985's picture

+1

Backed by convertibility to oil, gold.

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