This page has been archived and commenting is disabled.
$1,205 at last check and going much higher. The one place where buying the dips actually does work.
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
Go Nitwit Nadler!
Johnny Coward won't re-appear until Gold retreats again.
JonNadler, you know very well where Bravo is, you're his boss there at JPM.
Maybe take a look in the Executive Washroom there to see if he throwing up?
everyone notice how that yellow bellied douche Johnny Bravo is MIA.....seems when the going gets tough the Bravo gets gone...what a loooooooooooooooooooooooooooooooooooooooooooooooooser......calling JB..come in JB....YOU ARE A DISGRQACE TO ALL COWARDS AND NITWITS...NOW GO AWAY AND COUNT YOUR DOOLAR ASSETS ..AND DIVIDE THEM BY 4......THAT IS WHAT THEY WILL BE WORTH....LOOOOOOOOOOOOOOOOOSER...
Steady on Zeitgeist, it still might finish the day back below 1200.
Crimex are just toying with us. To plunge goldbugs into despair, they tease us with a bit of euphoria first.
It is like torturing somebody with successive hot and cold baths.
I dont think this is as well organised as some people think. There are lots of sharks in the tank, they will eventually eat each other. I think we plankton occasionally take it too personally.
I actually disagree, because we the plankton do matter.
Our money is a tiny part of overall investment in gold (like Cheeky Bastard said on a previous thread, we are zilch in the nominal arithmetic), but because our demand is for physical gold, we are in fact a problem for crimex.
To whit, I believe that they dick around with the price to exert maximum fear and uncertainty in the investing public, and to award maximum argument to the anti-gold trolls.
The manipulator camp cares primarily about the price band. The movements within the bands are orchestrated to deter and discourage public demand, because we are gatecrashers to that party.
Max,
It's planned that way, to get you to dump your holdings, out of frustration.
Wait till the Dems plan, of RE FI's hit in August at Fannie and Freddie, and 800 Billion in Upside down loans get redone.( The August Surprise).Have to get those voters back in their camps.
End around the Congress, and make so many folks happy with new deals, allowing them to keep those expensive homes, a little longer.....only top defualt ONCE more.
ONE more QE, and the other Soverigns will dump dollars like used asswipe.
Buckle up..............
I agree, its planned that way, and it is effective too; I know from the comments that the bulk of us get frustrated, in spite of seeing the scam. This is a long game of steel nerves, and I have no plans to part with any of my accumulated physical.
I subscribe too to the view that the paper price will actually collapse just before the fireworks begin, which may involve closure of the gold market for want of any supply.
Not defending JB but his projection is for Au to be max $1220. When it hits that again is the real time to rip into him. It is not far off.
I'm still waiting for his $900 gold.
Don't forget that resistance is somewhere between 1215 and 1220. Before you start celebrating and bashing Bravo, be careful not choke on your own words at market close...
My only complaint about Bravo is that he tends to be absent when gold is doing well.
Both sides of the argument seem to be somewhat irrelevant, considering today's thread is the n'th reincarnation of itself. Personally, I hold metal. I think the Bug's argument will win out in the end. But, barring something cataclysmic, we are going to have MANY more of these exact conversations.
It's a long bumpy ride, Bitchez
out.
"John Taylor, who heads the world’s largest hedge fund dedicated to currencies, said the July employment report was a ‘Goldilocks’ number for the currency market.
The dollar is likely to weaken for a few more weeks before strengthening at the end of the year as the economy slows and banks cut back on lending, reducing the supply of dollars in the market, Taylor, the chairman of FX Concepts LLC in New York, made the comments in a Bloomberg Television interview today."
http://www.bloomberg.com/news/2010-08-06/fx-concepts-taylor-says-july-em...
Q.E 2.0 would remove the strength if it conincides.
What are the chances of QE2 out in the open?
Also dollar strength (as a function of demand) is dependent on the continued reserve/safety status of the USD, which as you stated earlier is diminishing.
Taylor would likely have considered these things, is he discounting them or taking the opposite side of the trade?
what's going on with gold. have i missed something. at this rate they will break the 2% rule, and we can't have that now can we.
long gold and chickens.
mmm chicken
doesn't the 2% rule just apply to the daily fixes? The intra-day highs are allowed to roam, as they are ignored by most trended statistics. The slam down always comes just in time.
Reality, Grand Supercycle Longwave Bitchez . . .
Up-down-up-down....can we say .. thieves.... it's all just a paper charade. The only good thing about this paper gig ... when it's game over the price of real gold for JSP pays off.
Gold is a barbaric relic, but we live in barbaric times.
Barbarians, bitchez
If we hit 2% up today (doubtful), look for 1% or even down on Monday. This is just the pattern on how a lid is kept on gold sentiment and momentum. Then further down until after the after the FMOC meeting and other key events next week. Fine by me. These are nothing other than good to great PM and miner share buying opportunites, so by all means Larry Bummers and little tim, bring it on. You are helping me.
Blah, blah, blah...."gold is not money", "gold is not manipulated", "you can't eat gold", "gold is a barbaric relic"....
Please people...these arguments are getting old already. Just put your money where your mouth is and watch the fireworks.
Oh don't take me wrong; one has to be attuned to one's times ...
I am long on gold (yes, phy), even if not for the best reasons.
I work very hard for my money.
everyone I know still think gold is ridiculous.
the more physical gold and silver I own, the easier I sleep at night.
family and friends are becoming jealous that everytime the economy comes up in conversation, they stress and I laugh.
They thought I was CRAZY buying gold at 600$, they thought I was CRAZY when I said it would go over 1000$. And they think im crazy now when I tell them one or two ounces will buy the DOW before this is over. Seems like my family thinking I have lost my mind is a good indication that im on the right track.
A good indicator that a top has been reached will be my family asking me for advise, I'll let you all know!
I finally have a convert. The main selling point in this case was not investment prospects, but removing wealth from the (no longer trusted) system, and the thieving hands of the government.
people seem to have interest, but are scared stiff to get involved. they'd rather be 75% invested in the stock market for goodness sakes. there are so many good reasons to become invested in G&S, but people dont want to accept the fact that everything they know about the world is wrong. My uncle manages over a billion is assets, and looks at me with curiosity. He calls himself a conservative, yet he is loaded up on gov debt.... The best ive done to bring him around was to explain that his pro-central banking (low interest rate, demand-centric) world view, and acceptance that gov intervention was necessary, makes him more of a collectivist/socialist than a conservative. after his blood returned from the boiling point, I tried to explain free market economics to him. didnt really resonate, but made a dent I think.
I was at the library last week and overheard some students studying for a final economics exam at a major canadian university, so I asked them if they had ever heard of austrian economics or austrian business cycle theory. they looked at me like I had three heads. one of them had heard of Hayek.
As soon as many people are agreeing with me, i'll sell most of my position. Until then, I will keep accumulating physical and having no one to talk shop with, except here. Thanks ZH, if it werent for sites like this id be sure id lost my mind!!
I think the root of it all, is that the public is even now, inclined to trust the authorities by default. Everyone denies it, everyone scoffs at the idea that THEY should be so gullible. But most don't consider the mainstream media to be their enemy, so case closed.
The assertions of most citizens regarding their supposed independent thinking, and their actual decisions, are completely at odds.
Maybe they feel that they are stakeholders in the system, and in spite of mismanagement of the system, cling to it out of ignorance or fear. Whenever I talk to friends & family of the downside risk, they say 'don't scare me, I don't want to know.'
99.9% of the public have probably never visited a site like zerohedge, or dollarcollapse, and probably wouldn't want to return even if they did. They don't seek answers because they have no concept of the question.
Lets face it, even us gold bugs, if we are smart; the events we are preparing for, even we aren't sure we want them to happen. Our gold might have to stay in hiding for years, while society around us is in chaos for a decade or so.
Apart from Indian citizens, the bulk of the gold is likely with the same evil bastards who engineered this mess, and they will own the world if gold makes its comeback.
Most of the people I talk to re: Economics, can see that a day of reckoning is coming, but don't know what they should be doing about it -- therefore, they do nothing, despite being shown the solution: Gold & Silver -- too simplistic I guess.
There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
cheap vps | windows vps | forex vps