Dollar Crashes As Gold Surges To Fresh All Time High (And Currency Coolmaps)

Tyler Durden's picture

Gold has just hit a fresh all time record (with equity futures down), as the world has finally awakened to the central banker ruse. With spot touching at $1,293.5 perhaps all those seeing some reversion to the mean occuring in the metal would be better advised to look for a career as robot algos, that do nothing but seek std dev divergences from a VWAP mean. In the meantime, gold will continue to chug along to $5,000+, now that FX interventions is how the central bankers of the world will be spending all their trading hours.

And accompanying this, is the latest near-death experience for the dollar, which is falling across the board everywhere, as the following heatmap demonstrates: the USD is weaker against every single currency, presumably even the ZWD.

And here is why Angela Merkel is about to generate another massive European crisis behind the scenes. Sorry Greece, this one may mean you are out.

And here is why central bankers are all very, very impotent people. Note the complete inability to intervene in the desired way, while merely debasing their own currencies.

BOJ intervention effect already cut in half:

As for SNB intervention, it never even had an effect:

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VK's picture

Gold bitchez! As is customary.

boricuadigm-shift's picture

I would love for Gold to hit $1300 on my 30th Birthday!!  Today!!  Best Present Ever!!!

 

The numbers even go together  $1300 for my 30th!  Buyyaacaaa!!!

 

Today is the day my friends!!

RockyRacoon's picture

Happy Birthday to US.  I'm 62 today.  It is a nice present I'll admit.

Just hoping there is no appreciable smack down at the usual time.

DosZap's picture

Happy B Day dude............

I want a smackdown, may be the last dip until after the elections.Or before Meltdown.

Expiry is Monday?........we'll see.

boricuadigm-shift's picture

Great!  Happy Birthday to US!  Enjoy your day!

Rotwang's picture

Happy Anniversary!

I know the actual day was some time ago. :)

The mental image (in aggregate) of the wealth storage function is the source of the manipulation.

UninterestedObserver's picture

Race to the bottom currency bitchez!

aerojet's picture

I would be cautious here--the PTB never do anything so obvious.

unwashedmass's picture

Tyler, has anyone thought of asking Harvey Organ to post his blog here -- not his recap of the news, but the nightly run down of the Comex.....

and the "delivery" situation....

might be helpful if harvey got a much wider audience so everyone really grasps just how weak the cartel is becoming....

unwashedmass's picture

Tyler, has anyone thought of asking Harvey Organ to post his blog here -- not his recap of the news, but the nightly run down of the Comex.....

and the "delivery" situation....

might be helpful if harvey got a much wider audience so everyone really grasps just how weak the cartel is becoming....

Internet Tough Guy's picture

Harvey has been screeching 'COMEX implosion' every week for years. When the COMEX does implode, it won't be because of what Harvey sees.

unwashedmass's picture

keep saying that as your silver/gold short buries you.

HelluvaEngineer's picture

I'm proud to be an American, where at least I know I'm free.

barkingbill's picture

huh?

patriot act?

unpopular wars and banker bailouts. 

we are ranked 8th in economic freedom, behind switzerland, hong kong, singapour, denmark, canada, etc...

http://charlesrowley.wordpress.com/2010/01/24/united-states-ranks-mostly...

ranked 36th for press freedom, behind just about everyone except for north korea

http://www.huffingtonpost.com/2008/10/22/united-states-ranked-36th_n_136...

 

the idea that only America is a free country and everywhere else everyone is enslaved to communism is a totally false illusion. many countries out there(i have lived in some of them) are just as free as we are....

barkingbill's picture

yeah i was going to add, unless you are being sarcastic....lol 

Dantzler's picture

Your 1st link is busted.

"Error 404 - Not Found"

Kobe Beef's picture

...And I forgot, all the men who died,

So they could take my rights from me.

And I'll meekly SIT DOWN, next to you,

And believe in my TV.

'cause there ain't no doubt that I love this lie

God Bless the USAAAAAA

kumbaya,
Beef

bada boom's picture

Japan has threatened more intervention.

Do they really want to push the USD down, again?

G-R-U-N-T's picture

"The Committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate."

Interesting just how far from principle, and basic morality we have fallen. The Fed now in it's arrogance has just warned us how they are going to rob us.

http://www.federalreserve.gov/newsevents/press/monetary/20100921a.htm

http://www.europac.net/media/video_blog

RockyRacoon's picture

The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings.

That means, "We will continue to eat the seed corn."

G-R-U-N-T's picture

Genetically modified tainted seed corn to be sure...

Also, Happy Birthday RockyRacoon and I wish you many more to come! :)

EscapeKey's picture

The BoE have started talking about QE2.0 this morning as well.

DarkMath's picture

You mean push the Yen down again right? The Bank of Japan is selling Yen to make their exports more affordable.

Hephasteus's picture

Isn't options expiration tomorrow? This bitch could go 1320 before pm fix. It's really moving.

buzlightening's picture

PM OEX close of business Monday 9/27!!

Silverhog's picture

Boy Tyler, can you make this a daily post! I'm goining to need a new dog avatar with a bigger smile.

mrgneiss's picture

Wow, I thought it was a smiling polar bear.

Have one for me, RR, on your special day!

Hephasteus's picture

Aren't raccoons supposed to have poor eyesight by your age. :P

Young's picture

Yeah, really love that euro action - not. WTF, there's only shit coming out of Europe, still ithas the stomach to rise. Deutche warns on profit, industrial orders come in below expectations...

Snidley Whipsnae's picture

Print, Print, Print... Obviously the central banksters didn't hear Greenspan's message ... "all this fiat money has only one place to go, into gold".

Look for more obstructions to be thrown up in the path of individual gold ownership.

But, what can the central banksters do about the gazillionairs that are demanding physical delivery from the LBMA? Damned little, I would guess. When the rentier class runs to gold and insider selling in equities is ~300:1 or 600:1 we must realize the gig is about over.

The FIRE economy is smouldering.

Internet Tough Guy's picture

Heh, Jim Sinclair trumps Robotroll. Is Prechter still triple short gold?

Sean7k's picture

It is a sad day, when like every banana republic ever envisioned, the American must run for cover and find sanctuary for their wealth. The dollar, descended from the thaler, is becoming the evolutionary weak link in the chain. 

In older societies, leaders whom failed so miserably would have fallen on their own swords. Where is YOUR sword Ben? Timmy? Oh, there it is...sticking in my back.

HelluvaEngineer's picture

Futures about to turn green.  Of course.

Charley's picture

The US is doing to every nation what every nation is doing to its own population: impoverishment through devaluation. Getting the wage basket down in gold terms is the order of business.

There is no possibility of a reset without effective devaluation of assets and wages. But, this cannot be a merely monetary devaluation -- for it to really take hold, real existing productive assets must mothballed, actual productivity must fall as productive assets are replaced by greater speculation  and waste, and some currencies must collapse.

He wrote the book on this, of course ... But, he is the Cassandra of the NeoClassical Age

FranSix's picture

Interesting action on the CYB.  So far, any upsurge in the  Yuan signalled the eventual decline of the discount rate.  The jawboning about Chinese currency traders who work on wall street for pennies every day is having some effect:

http://stockcharts.com/h-sc/ui?s=CYB&p=W&b=5&g=0&id=p15488071547&a=20286...

A decline of the discount rate into the negative will impact directly on the face value of bullion leases and bullion lease rates.

For a long term cogent forecast, Dax in Gold can be translated using babelfish:

http://www.realterm.de/DAXinGold.php

Babelfish translation:

http://tinyurl.com/32pzu97

 

RockyRacoon's picture

Thank you for that.  It's about time that the U. S. centric view changed.

bigdumbnugly's picture

The dollar is floating up toward the ceiling of the ICU and viewing itself from above.  It can now read its own serial number.  Soon it will be descending through a spiraling tunnel toward a bright light. it's all so peaceful...