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Explaining Gold's Sudden Move
From Credit Suisse (names redacted):
Few things on GOLD’s move – My colleague [] hearing Egypt's banned Muslim Brotherhood movement has unveiled its plans to scrap a peace treaty with Israel if it comes to power (per a deputy leader in an interview with NHK TV)
And my other colleague [] pointed to the $2.5~3b notional that was bought in gold futures through the intra-day high of $1,338 - was bought over ~5min.......
VOLs haven’t budged, so NOT seeing much protection being bought, but Gold telling something else.. Will keep u posted if I hear anything else.
Is gold once again the geopolitical canarie in the coalmine?
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here kitty kitty kitty.....
LMAO
About that treaty, via ICYMI.
I got a pocket full of quarters, and I'm headed to the arcade.
~MV
The canary died a long time ago.
Nah, he's just pining for the fjords!
He's an EX canary! He's gone to join the choir invisible!
rolling....
"here kitty kitty kitty....."
Brett: [refering to Jonesy] "It's just a cat man."
-
today's trivia question
It's not the cat... it's the alien behind it...
All these sell-side douchebags try to make it sound so complicated simply so they can continue to extract huge fees from the sheeple.
I give you everything you need to know...for free:
http://tfmetalsreport.blogspot.com/2011/02/not-too-shabby.html
You nailed it, Turd!
fear the Turd, Bitchezzzzzzz.............or is that love the Turd bitchezzzzzz? Keep up the good work my friend
Love the Turd.
Fuck Phil Gramm in the ass until his eyes bleed to his shoes.
For those in the market to buy there is a great piece on the PM retail market:
Patrick Heller provides a pretty comprehensive summary on the availability and pricing for gold and silver bullion products.
The Nasdaq more than doubled in 2 years and peaked at 5048 on March 10, 2000, and quickly fell to 4798 by March 17th.
It then rallied back up to 4963 on March 24th -- and people thought it was safe to get back in water.
But they were wrong. By April 14th, it was at 3321.
It rallied to 3860 on April 28th, and people thought it was once again safe to get back in the water. They were wrong again.
The Nasdaq was back around 2000 by March of 2001.
The same thing will happen with Gold. The downtrend has already started.
Those of you buying this rally need to be really careful.
We're going to have ups and downs before we go back to $750 (or lower).
It seems that 1.4mm ounces (45 tons) of Gold have come out of the trigger happy exchange traded funds since 1/24/10 (rioting started on 1/25/10).
This rally is being sold big time.
Sell The Fucking Rally!
Sorry, when did gold double in two years?
When did the Fed stop printing money?
Did I fall into a coma for a year or something?
Gold went from $713.50 on November 8th, 2008 to $1432.50 on December 6th 2010.
The fed is also not printing money - QE increases bank reserves. The banks print money, not the fed. Loan growth is still anemic, and thus so is money printing.
You've all been had.
You need to wake up from your comas and sell.
Hey, this guy thinks the Fed isn't printing money!
Hey everyone, check this guy out!
*Bellylaugh*
But seriously, you act as if gold had been rising before that. It only hit that level after a 30% correction that lasted almost a year. Pretty sure the Nasdaq didn't do that.
Go sell you piss lemonade somewhere else. No-one here is buying.
I hope none of you are buying PMs. You're going to get destroyed.
You're buying something that has gone up 5x in 10 years on the premise that massive money printing is occuring. It's not. We're still deleveraging.
QE is designed to negate the deflationary pressures of a collapsing credit bubble.
It's been used before and it works - WELL - look at the Sweden and Finland in the early 1990s.
All is fine. Nothing to see here. Buy stocks. No bubble there.
Stocks are cheap. Corporate earnings are hitting records, and we might do $100 bucks in earnings on the S&P 500.
Even at 1300 on the S&P, we're still at 13x.
Historical is more like 15x... which means we could hit 1500 soon.
Also look at the P/E of debt - large corporates can borrow at (or below) 4% after tax...
The P/E on debt is 25x ---- that means any of these companies sitting on large cash balances can theoretically pay 2x where any company is trading and it is still accretive!
Sell The Fucking Rally. Gold will get crushed.
how are you wrong? let me count the ways. no just let me elaborate one: your example of the nordic banks is in actuality a counter example to current u.s. and european (and prior japanese) policy. the nordics put the banks in receivership, wiped out the shareholders, replaced management, haircut the bondholders and took public the stub banks stripped of toxic assets with the resulting moneys used to replace the public's expense for the operation. and yes it did work well. did the u.s. do anything like this? (howling laughter, sounds of chairs and tables being knocked over by individuals tumbling to the floor and rolling upon it).
I'm not wrong. Sweden and Finland expanded their monetary base, just as we are doing.
Sweden doubled their monetary base from SEK 83.73 Bn in August '93 to SEK 208.26 Bn in June 1994. They decreased the monetary base to SEK 81.11 bn in Feb 1997.
Finland expanded their monetary base from 34.5 bn to 68.7 bn and brought it back down to 36.2 Bn.
Expanding monetary base does not doom a country, as much as all of you would like to think it does.
Expanding the monetary base actually does exactly the opposite. It saves countries.
Mathman ducks, he weaves, awwwwwwwww he still gets one right in the kisser!
Evasion isn't an argument boyo.
http://www.youtube.com/watch?v=dTeEQuaNz2g
perfect organism... void of concience... remorse...
Nice Udders Muir..
I've got Speedy on my tail, and I know it's either him or me.
A litmus test of global stability it is
Great point... but I would replace 'stability' with 'stupidity.'
Speaking of stupidity, any other gold bug worried about Cramer recommending gold and mining stocks here?
No, but based on his analysis of the NEM FRG takeover, he doesn't have a fucking clue about the business...
Obviously a BIG takedown planned in the next week.
Headline from AlJazeera:
Looks like they picked the wrong week to give up emergency powers!
19 years!? that must have been one hell of an emergency. Glad to hear it is over though.
yes 19 years is quite long. our national emergency, at a decade, seems much shorter.
Somehow got double posted.
double post
Let me know when you find a religion that's truly peaceful. I might join it.
nice
Quakers? They also make good oatmeal.
Really? Ive always found they scream a bit too much when you boil them.
LOL
how about buddhists? i remember some monks burning themselves up in vietnam to protest the war with nary a peep. now my granddaughter's tinkerbell notebook says made in vietnam. damn glad we fought that one. maybe someday she'll have one made in afghanistan. then it'll all be worth it.
the church of monday night football has never started any wars.
And two sides fighting for land is...sport.
Buddhism - preferably the Zen school.
I'm afraid the pre-war zen buddhists were very keen on the Japanese imperial expansion:
http://www.class.uidaho.edu/ngier/BudJapNat.htm
Sorry :-(
the church of monday night football has never started any wars.
Many sacrifices have been made on the Altar of Love.
fragrant dingleberry, i think you are onto something, ole boy†
Yeah, like possibly the best name EVER!
Sikhism!
(just don't fuck w/ them)
Maybe that's why religion HAS to go!
Yes, if only we could force everyone to be identical we would have peace.
That sounds like an incredibly boring place to live.
But Van Jones, Obama's former Green Jobs Zar was recently captured on video saying America would not be right until everyone could put their life into a bowl and be comfortable pulling out or swaping for someone else's life. This is the ultimate goal of the collectivists.
Collectivism has failed every place it has been tried but this is America for god's sake and if anyone can make it work we can.
i don't know about this guy jones but the folks running the current administration (and the priors) aren't throwing their lives in a bowl to pick out another. does it look like it? these people aren't collectivists (ownership of the means of production by the "people" i.e. everyone). they want the good stuff for themselves (and their bosses want the great stuff). not a surprise.
+1
It all sounds so simple now.
+1,000
Bokononism, as in "Cat's Cradle" by Kurt Vonnegut.
Core premise: "Truth is a lie"
"Bokononism"
they still put somebody on the hook every two years just to remind the people of their power and the consequences of stepping out of line
Just step away from the chronosynclasticinfundibulum and nobody will get hurt.
Of course you knew your statement is an oxymoron wrapped in a paradox.
Does not exist!
ORI
http://aadivaahan.wordpress.com/2011/02/03/my-vision-for-cairo-and-giza-4th-february-2011/
Easy. True Christianity. Not as it has always been practiced. Not as it has sometimes been a tool of government. Not as sometimes the government has been a tool of the church. Rather, as espoused in the New Testament.
Living in the blessing.....I can not complain.
Also true Islam and Judaism
LOL. Read the koran.
+++
The last liberal was put on the cross 2000 years ago....
Stupid comment.
double post
That Zen thing has a good ring to it. I just viewed a video where the moderator was pushing Purposelessness. That should't be a problem.
Purposelessness is a lot harder than you would think. Think of ridding yourself of all and any agendas. Does not sound that easy now?
BTW Zen is not a religion; it is a belief system.
the religion of zero hedge...truth, justice and the american way.......or is that superman
the religion of zero hedge...truth, justice and the american way.......or is that superman
How many Buddhists have resorted to violence to spread their faith? How about Jainism? Seems like you're NOT looking too hard.
it's the people that are violent, not the religion.
That rumor has been kicking around for a couple days, I can't see how that's playing into the gold spot price. The potential for a complete collapse of the Egyptian financial system? Now that would be something to buy gold for.
Bob Parker and his crew maybe a few days behind events,
Hearing pre NFP positioning......
I would think not, unless this has a contagion effect, and Saudi got taken out.
Then the GSWHTF, Israel loses Egypt, to the Muslim Motherhoods, and we have a whole new set of jihad, murdering,ass packers.
They would join a short list of very BAD people.
I still think a 50+ kiloton warhead, dropped into a barren sandy area( for a demo show) would get a lot of these folks attention.
What would get their attention is respect for their lives and their free will. These people see that they are being robbed by multinational corporations and their own corrupt politicians who are all backed by the greatest weapon known the man, the American War Machine. There are a lot of cries about Iran getting nukes as well. But if Russia all of a sudden occupied Mexico and Canada with a large military presence would you want the USA to have nukes?
Good analogy, bad example.
If either were tried, game on.
*Doop
see below...
Israel is not without fault either...and all followers of Islam are not terrorists. lets be fair.
Wow, a balanced post, be careful lest you set a precedent for the loonies.
well 5 -10% of 1.6 billion people sworn to jihad can be a problem
http://www.huffingtonpost.com/2011/01/27/worlds-muslim-population-_n_814...
I wonder what the percentage of Christians still sworn to Crusade is? With drone warfare tech on Jesus' side I'd imagine the problem of devastation would be notably higher even with a much smaller percentage still crusading.
Still, it's all good if you're a member of the military industrial complex, no? Keeps the contracts alive and movin', anyway.
If the three Abrahamics had half a brain between the lot of them they would have teamed up by now. I (ironically) thank Ghod they are unlikely to ever figure this out, and so will continue to kill each other over who is the more righteous until either they are all dead, or they all have an epiphany and simultaneously realize their shit is all flummery.
I'll sign up for the Crusade.
Why tell me? I doubt I could care less.
Hear that 'whooshing' sound?
Goin,
What an assine comparison.
You know why the Crusades were fought?,evidently no.
Jesus is on no ones side except HIS adopted family.
HIS Kingdom was never of this screwed up world.And HE never advocated violence.
Three Abrahamics?, there was only one.
Abram
Oh, I know, those Crusading Catholics weren't all that particular about who they labelled 'heretics', but you must have noticed that they have had a focus.
Jesus never advocated violence? Well, that little gem certainly seems to have been lost on the majority of cross worshippers throughout recorded history, it's too bad you haven't been around long enough to set them all straight. (You must admit that He at least threw a tantrum at the predatory behavior of usurers?)
The 'Three Abrahamics' seems to be a widely accepted way of referring to the most popular three monotheistic religions that, IMHO, are plaguing our planet. Sorry if that is unacceptable for you.
Here's a tenet that is common to (and commonly ignored by) all the religions I have ever studied:
"Treat others as you would like to be treated".
But you don't really need a Ghod to follow that one, do you?
"You must admit that He at least threw a tantrum at the predatory behavior of usurers"
He used the knotted cord to drive out the animals. He did not touch a human.
Goin,
weak argument dude.
Crusades were started by the Muslims, the Caths sent soldiers to try and retake Jerusalem, and Israel.
Jesus gave us free will, so the Cross Worshipers that strayed, were not in HIS faith.
Yes HE overturned the tables, for making his Fathers House a den of thieves.Agreed, but it wasn't for VIOLENCES sake.
Islam is a copy of the O T, Jewish version (first 5 books), then they take off a totally different path(and the Koran did not even show up until 600+yrs after).
Just as all cults do they pick and choose what they like, chunk the rest.
Also,Christianity is not a religion, its a relationship.
Ask any Muslim of they are going to heaven when they die.
They (if honest say no),gotta commit suicide and murder before you get the KEY.
The Jews, are the Chosen People, that covenant is yet in force, to be finished later.
"Treat others as you would like to be treated".
Well that leaves out the radical bunch eh?..
But no that is possible, just makes you a pleasant person,but does nothing else for you.
<sigh> Well, I am glad we had this conversation Doz: it's good to know where the teeth are missing on the cogs that make up your mind.
Noted.
"Just as all cults do they pick and choose what they like, chunk the rest."
Sounds just like most people who call themselves Christians.
You are a hypocrite. Your comments are offensive to Christians and yet you think it is OK to state, "Treat others as you would like to be treated".
It's posters like you that ruin this awesome site. Stick with the subject or leave. We don't need to hear you whine about religion.
"It's posters like you that ruin this awesome site."
Maybe, but that is your opinion.
I was merely offering an alternative perspective to the anti-muslim rhetoric that was being pumped out by other posters, and ignorant blather pisses me off.
"Treat others as you would like to be treated"
Isn't it Nick Lowe who has made it his life's work to repeat that sometimes "you have to be cruel to be kind... in the right measure."?
Actually, I thought I did a pretty good job at sticking it to all the three Abrahamic 'believers of magical books', not just the Christians. But then fanatics always feel like they're the only ones being singled out for special persecution; it must be a defense mechanism. I'll have a go at anyone who deifies Harry Potter and Gandalf too, if it will make you feel any better.
MB you're right... too much vitriol in the mix?
On the other hand: Thousands of years of repression, segregation, slavery, murder, torture, genocide, all in the name of some deity or another, and to bring it up is to whine?!
Pardon me, but f' you and the sprite humping the unicorn you rode in on.
you've called yourself "zionist" here recently, DosZap - maybe argue from that position?
http://en.wikipedia.org/wiki/Zionism
Says it all.
Feel the same about America, if the tables were turned?.
Argue that position.
I see true Zionists as Patriots.
You mean if half the people left, went out and lived among and interbred with the other peoples of the world, then came back to America and claimed that they owned it because they were "Americans"?
Yeah, you don't have a right to what 1/10000th of your bloodline had thousands of years ago.
Or should I go conquer Ireland from those damned usurpers that dared to live there and not leave and have the nerve to have a different religion from when I left?
Many people confuse religion with race, apparently you are one of them.
freesoulblog....
well stated GoinFawr! extra cheers for using "flummery" heh. . .
I have no problems with people believing in god(s) - but realise that all religious texts talk of war(s), most create dualities of "good & evil" in order to define themselves as superior vs. others. . .
irrespective of the "truths" of religions, they ARE used by those who perpetuate beliefs in nationstates, the better to keep the war machines & profits always on the go.
believe what you will, but don't be a tool.
Cath,
Mr.Tool.
You do not believe in Nation States?.
I take it your for the NWO goal of ONE WORLD ORDER?.
You do not want to keep America a nation state, separate,indivisible,or do you want us all as ONE?.
dosZ,
"nationstates" are arbitrary imaginary lines drawn in people's minds by those who are already "global" in the way they "imagine" the world.
I believe they "exist" because I can be punished for not adhering to that artificial reality - but I do not subscribe to their continuance, nor would I "defend" those imaginary lines if the sociopaths that created them suggested I should, aka war - which is a win-win for the banking elites, and a lose-lose for anyone who desires to be left in PEACE, which would be a majority of humanity.
as to the "America" you are referencing above, it's imaginary - you're watching the real thing live, should you care to focus.
"we" are already One, but most cannot realise That. . .
Whoa there Vulture, too much reason, not enough 'Divine Intervention' or 'Chosen ones' in that last post. Be very careful how much critical thinking you try to expose a zealot to as they tend to have incredibly short fuses. Lots, of any denomination, would gladly (stupidly?) die/kill for their beliefs, even if they really are just an anodyne composed of misapprehensions propagated by charlatans.
"Lots, of any denomination, would gladly (stupidly?) die/kill for their beliefs, even if they really are just an anodyne composed of misapprehensions propagated by charlatans."
i've heard it:
"fools often die for the thieves that lie to them"
+++s on that reply, in general.
Thanks. I wish I had thought of that one, it would have been a lot shorter.
Look, I don't want to give the impression I hate religious folk. I certainly do not. I know full well that the vast majority of them are decent people that wear sweaters, eat the occasional french fry, maybe tell a little lie every once in awhile when there is no need to, just like the rest of us. And I know that most of them will simply pity me for my opinions rather than express a strong desire to rip out my throat out and spit down my neck.
But they have to be aware that they are the power base, the support staff for the nutbars that for thousands of years have been running around our planet brandishing ghastly weapons of every sort, advocating and perpetrating the death of anyone who doesn't happen to heed the dogma contained within the magical book to which their particular mythological clique subscribes.
The time for that shit is well fucking over.
You 'devout': educate yourself a bit beyond the lofty realms of your religious teachings, I think that you will find that a lot of new information has come to light since your favourite book of reference was written. Don't worry, your timeless truths will remain intact; the adages, the mores and the ethics, but it may surprise you to find out that the most important of them are actually universal, and are even held in high esteem by the secular portion of humanity (ref. Kropotkin's "Anarchist Morality").
Fanatics: I beg you, please stop killing the rest of us. Look at it this way, for us 'whatevers', this is the only existence we will ever get, and if you're right our eternity is going to be even worse, so why not just focus on repenting for your own 'sin' rather than risking adding to it by living/dying to punish what you perceive as ours?
Regards
+++ again. along the live-and-let-live paradigm:
yo, folks, you know the part of your respective bibles that insist that you need to fix everyone to be like you? save your breath, there's no saving some of us... and we don't need to be killed for our lack of interest in your god(s). if they're so all-powerful, let them do the killing directly - and don't be so vain as to assume you're their helping hand... really. they don't need your help. honest.
pretty-much the 'i leave you alone, now leave me the f--k alone'. thanks in advance.
cheers.
Clearly the MB is a puppet of the red shields. They urgently need another war to play two sides against the middle.
perceptive. http://therearenosunglasses.wordpress.com/2009/04/30/the-use-of-the-muslim-brotherhood-by-mi6-and-the-cia-in-egypt-syria-and-iran/
by red shields do you mean Rothschilds?
Jeez, you should know that by now.....
Mubarak recycling our foreign aid into that non-edible metal before he goes on permanent vacation.
Exactly. It's shocking these guys don't fill the jet with paper currency before they leave. They seem to want the barbarous relic. Fools!
Probably somewhere to keep the loot safe while they split...
wouldnt fancy being squeezed on that one.
>My colleague hearing Egypt's banned Muslim Brotherhood movement has unveiled its plans to scrap a peace treaty with Israel if it comes to power <
No surprise here- they want to wipe Israel off the face of the earth- good thing Islam is a "peaceful religion". Can you imagine the uproar if the Pope called for the genocide of all Muslims?
It wasnt too long ago he was calling for the genocide of all jews...
Ole!!!!
dont see what all the fuss is about...
http://i51.tinypic.com/2hwif74.png
politics and religion : same battle, both are made to manipulate minds....and faith has got nothing to do with religion !
How many suicide bombers did he send? Did he instruct children how glorious it was martyr themselves?
Probably not, but he hung out with guys that made lamp shades out of dead jews...my moral compass is hopeless though, i cant tell the difference. (shrugs)
scratch and sniff. knee jerk. bullshit.
Not knee jerk, its probably more the case that with all the comotion over pedophile priests, people probably just forgot that the pope is a nazi.
p.s too all the priests who aren't pedophiles i apologize for bringing it up...to both of you.
Did they use your Granny's ass skin?
what?
on the lamp to which you refered to.
http://i51.tinypic.com/2hwif74.png
I object on the grounds that it's devestating to their arugement.
Objection upheld.
And it's suicide bombers because the media said so?
I believe they called that "The Crusades".
"Different" becomes "dangerous".
The Muslim Brotherhood renounced violence 60 years ago.
Scrapping a peace treaty is not the same as starting a war. Said treaty likely had terms in it that they vociferously disagree with, likely to do with the Palestinian border with Egypt.
IF the Muslum Brotherhood does assume a power position and IF they scrape the peace treaty. Does the US still have to sent Egypt $2 billion each year?
Yes, but they have to send it through me so I can verify the peaceful use to which it is being put.
Funny, because I was reading that Christians and Muslims were uniting against the corruption. Notice there were no JEWS fighting corruption. Why? You do the math.
Never heard of Peter Schiff? Or his father, Irwin, who is doing hard time for his non-violent resistance?
Good people, but bad governments.
No, who's this guy "Peter Schiff?"... head spinning
I made a generalization, a stereotype. The few that fight on the side of justice are the exception rather than the rule...
Collectivism leads to no good.
+1 love him or hate him... he no doubt contributed to the big "wake up"
They might want to be reminded as to how well that strategy worked for them the last time.
Copper. Copper is the tell - keep it strong (and, favorably, at 52s) and the PMs should follow (i.e. Platinum already does).
I would disagree but this time seems different in the global inflation conflagration.
Simple: It is "a beachball underwater" with JPM, HSBC et al attempting to stay seated upon it.
...a compressed nerf ball in a sweaty palm...
Whereas the housing market is like jaws... ben can shoot her with all the harpoons tied to drums he wants, but he can't keep that bitch up and he needs a bigger boat.
where is blythe bitchez?