• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

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

Tyler Durden's picture

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Wed, 09/22/2010 - 08:10 | 596763 VK
VK's picture

Gold bitchez! As is customary.

Wed, 09/22/2010 - 08:24 | 596788 boricuadigm-shift
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!!

Wed, 09/22/2010 - 08:35 | 596809 cartonero
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¡Feliz Cumpleaños!

Wed, 09/22/2010 - 09:14 | 596884 RockyRacoon
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.

Wed, 09/22/2010 - 09:27 | 596920 Hephasteus
Hephasteus's picture

Happy Birthday Rocky!!

Wed, 09/22/2010 - 11:30 | 597325 Bananamerican
Bananamerican's picture


Wed, 09/22/2010 - 10:02 | 597036 DosZap
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.

Wed, 09/22/2010 - 10:13 | 597075 DoChenRollingBearing
DoChenRollingBearing's picture

Happy Birthday fellas!

Wed, 09/22/2010 - 11:01 | 597230 boricuadigm-shift
boricuadigm-shift's picture

Great!  Happy Birthday to US!  Enjoy your day!

Wed, 09/22/2010 - 12:17 | 597505 Rotwang
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.

Wed, 09/22/2010 - 08:29 | 596796 UninterestedObserver
UninterestedObserver's picture

Race to the bottom currency bitchez!

Wed, 09/22/2010 - 09:13 | 596882 aerojet
aerojet's picture

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

Wed, 09/22/2010 - 08:31 | 596801 unwashedmass
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....

Wed, 09/22/2010 - 08:31 | 596802 unwashedmass
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....

Wed, 09/22/2010 - 08:50 | 596836 Internet Tough Guy
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.

Wed, 09/22/2010 - 09:35 | 596940 unwashedmass
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keep saying that as your silver/gold short buries you.

Wed, 09/22/2010 - 08:11 | 596766 HelluvaEngineer
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I'm proud to be an American, where at least I know I'm free.

Wed, 09/22/2010 - 08:30 | 596797 barkingbill
barkingbill's picture


patriot act?

unpopular wars and banker bailouts. 

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


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



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....

Wed, 09/22/2010 - 08:31 | 596804 goldfreak
goldfreak's picture

he's being sarcastic

Wed, 09/22/2010 - 08:33 | 596807 barkingbill
barkingbill's picture

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

Wed, 09/22/2010 - 09:13 | 596881 rocker
rocker's picture

We can only hope.

Wed, 09/22/2010 - 10:23 | 597096 Dantzler
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Your 1st link is busted.

"Error 404 - Not Found"

Wed, 09/22/2010 - 14:44 | 597941 Kobe Beef
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


Wed, 09/22/2010 - 08:13 | 596768 bada boom
bada boom's picture

Japan has threatened more intervention.

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

Wed, 09/22/2010 - 08:50 | 596793 G-R-U-N-T
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.



Wed, 09/22/2010 - 09:18 | 596893 RockyRacoon
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."

Wed, 09/22/2010 - 10:09 | 597060 G-R-U-N-T
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! :)

Wed, 09/22/2010 - 08:36 | 596811 EscapeKey
EscapeKey's picture

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

Wed, 09/22/2010 - 08:56 | 596848 DarkMath
DarkMath's picture

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

Wed, 09/22/2010 - 08:17 | 596774 Hephasteus
Hephasteus's picture

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

Wed, 09/22/2010 - 08:45 | 596825 NOTW777
NOTW777's picture

BB bands show 1322ish

Wed, 09/22/2010 - 08:48 | 596828 buzlightening
buzlightening's picture

PM OEX close of business Monday 9/27!!

Wed, 09/22/2010 - 08:19 | 596778 Silverhog
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.

Wed, 09/22/2010 - 09:19 | 596897 RockyRacoon
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Cheshire dog?

Wed, 09/22/2010 - 09:42 | 596959 mrgneiss
mrgneiss's picture

Wow, I thought it was a smiling polar bear.

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

Wed, 09/22/2010 - 10:06 | 597049 Hephasteus
Hephasteus's picture

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

Wed, 09/22/2010 - 08:19 | 596779 Young
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...

Wed, 09/22/2010 - 08:21 | 596781 Snidley Whipsnae
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.

Wed, 09/22/2010 - 08:22 | 596782 Internet Tough Guy
Internet Tough Guy's picture

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

Wed, 09/22/2010 - 08:54 | 596843 Turd Ferguson
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Wed, 09/22/2010 - 08:22 | 596783 Sean7k
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.

Wed, 09/22/2010 - 08:24 | 596789 HelluvaEngineer
HelluvaEngineer's picture

Futures about to turn green.  Of course.

Wed, 09/22/2010 - 08:24 | 596790 Charley
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

Wed, 09/22/2010 - 08:27 | 596791 FranSix
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:


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:


Babelfish translation:



Wed, 09/22/2010 - 09:23 | 596909 RockyRacoon
RockyRacoon's picture

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

Wed, 09/22/2010 - 09:58 | 597022 FranSix
FranSix's picture

Oh no, thank-you!

Wed, 09/22/2010 - 08:29 | 596795 bigdumbnugly
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...

Wed, 09/22/2010 - 08:31 | 596800 UninterestedObserver
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LOL +1

Wed, 09/22/2010 - 08:58 | 596853 Rusty Shorts
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