- advertisements -
Is gold the new silver bitchez
They, rare earths, will do well too. China has dictated that. The FED just shit on the dollar again. You are learning.
Perhaps the "institutional buyer" is a closet Turdite...
Interesting. Call made on 21 January 2011, by Turd Ferguson (Along The Watchtower) $1600 on or before 6/10/11
"IF I'M WRONG, I'M SHUTTING DOWN THIS BLOG AND GOING AWAY, NEVER TO BE HEARD FROM AGAIN as I will have proven myself to be of little value.
If I'm right...well, let's just say it would be perfectly appropriate for you to hit the "Feed The Turd" button every day for the rest of your life."
Only $70 to go.
After Ben uttered the "I" word today, we may see $1600 by 5/10/11...
Hi Turd, moving to new metals, PbCuZn
children, there will be a test on this tomorrow.
For sure, that's the FED, Godman Shafts, doing God's work after the 8:30 data.
For those who don't get it. The FED is 99.9% owned by Goldman Shafts. The banksters Cartel lives on.
1600 thats like 3% otm
test 1600 tomorrow?
Gold is trailing the AUD now, looking at 1.10USD
All overbought, if it is an institutional buy it's a bull trap. Cheaper would be puts.
Everything is too bullish.
say there are stops at 1.10 AUD and they are hit, 100% gold will get to 1600
In one year the AUD has gone from 81c/USD to 1.10c/USD - 35% gain. Gold has gone in the same time period from USD $1170 to $1527 - 31%gain.
I'm losing, I'm not happy and Its going to end badly for the USA as "Transitory" inflation makes you pay.
Death is a "transitory" state.
Reserve currency meet -- my Ass
Oh yeah we are totally F*cked, I mean you can offset inflation with stocks. But Asia is paying the US bills and the thanks they get is inflation. Gonna end badly.
The AUD is a short of the century, that will sell from internal shock. gold will correct too as will silver, but that is dip buying. i think if china pops they print and then as faber says...war. meantime energy stocks (gas), metals (non industrial), some stocks.
the AUD is closing in on 1.10 which is bizaree and worrying means the USD is a c-hair away from a crisis.
NOTHING is bullish. The dollar is collapsing. Other fiat is also collapsing, just at different rates.
Everything is bullish that's the problem, crap currencies show crack up booms.
Must take in account the "Bernank Butterfly Effect"
So, to sum:
An institutional investor is buying calls on gold.
What would be cool is if we knew who...
...dollar seeing biggest sell-offs during Asian trading
could it be CIC?
Is there a way for us 'Merhikuns to get a foot in the door of an asian exchange (like Hong Kong) so we can benefit from the melt-up-overnight/slam-down-in-the-morning trade?
You can catch it on the foreskin
No. It is definitely a bank prop desk either acting on information it has or it is acting as Broker for a large player who is bearding his business.
So how am I wrong if you're saying it's a bank prop acting on information from a large player? Is CIC a large player?
small fish, big fish; same diff/no diff....if you saw it ;)
fmxconnect, you can beard me any day....you guys are the shiiiiit.
thats correct, you don't get major USD selling all asian session if they aint setting for a knock out call...obviously on gold and the AUD at 1.10
stange days. waiting for the USD 0.71 slip...a crisis trade after that, market will keep shorting unless FED is forced to raise rates. Bernanke is simply mad
exciting stuff... is everyone talking their book or is it real this time
gold 3k or .gov raises interest rates choosy mom style... i just dont know what to think
Daily Treasury Statement
Treasury Report on Receivables and Debt Collection Activities
That was a nice pickup.
Citibank is letting us lock in physical silver at $48 for Feb 2013 cotton fiat! Sounds like an even better pickup!
Very Nice. Zh Rules.
In other news, dollar is collapsing now at 72.87.
Look at the USD plunge vs. the EUR
EUR-USD 1.4870 at 11:30pm (Eastern) on 4-27-2011
goddam insane Chairsatan Bernank
Why would anyone be buying 1600 calls after such a tremendous rally? Hedging a decent sized short position for one ;). For all you 'GOLD will be at $3k / ounce in a parabolic rise' - fucking idiots, how about you take your heads out of your asses, unload some of that gun powder you've shelved in your rectum and lay off the canned chilly beans for a while. The fact we're in a bull market rally means exactly that. Key point: MARKET! Supply and demand / Bernank / Comex raids and the motherfucking Blyth of Bylth's becomes irrelevant when you're playing a game against the big boys. I know its pretty hard to belive that such a thing exists especially when all you've been focusing on is trying to convert the majority of your assets into the holy grail of holy grails. The fact is prices have been driven by a simple shift in focus from one asset group to another. Gold / Silver / AUD etc have trend followers written all over it, and while i can gladly admit I've been a part of that group, the time has finally come to look around and re-evaluate your gains, reap the fruits of your so called labour and stand aside for a while. Huh?? An exit strategy? I'm sure many of you wouldn't have a fucking clue what that is, blindly following this growing cult of 'shiny metal hoarders' , waiting for the world to end and all fiat currencies to be pegged to your precious metal once more.
Don't get me wrong, the markets need sheeple like you. At the end of the day who do you think will be holding long positions when most commodities come crashing down? It sure as hell ain't gonna be JPM or GS that's for sure.
Now before i get bombarded with death threats I want to get one thing straight. I am not here to simply call a top in commodities. Just a friendly reminder that the markets are controlled by people with the ability to move mountains if they wish. Think about it: How many times have you made the perfect long term investment decision in your life vs. the trillions upon trillions of capital floating around, managed by pros looking to catch you out especially when public sentiment is at an all time high??
So, you're saying to exchange gold for falling USD?
No, I thinks the fucking asshole wants you to buy stocks just before they crash or correction. Somebody has to buy the market's over bought bid. What a dick head. The dollar is shit until they raise rates. Got to love the strong dollar policy talk as the dollar gets ass wiped again. We are Japan and Zimbabwe all in one.
What will butt head think when we see a 5 digit print on Gold. The Bernankee will make it happen. We might see 16,000 dow. But I believe Gold will surpass 2,000 to 3,000 first. Then the sky is the limit. I believe Silver still might be the biggest winner since it was depressed the longest of all commodities. Time for the Morque to go to hell. The talking head are already saying how it's justified because of industrial demand. Shit, Roman ancient coins were made and treasured with Caesar's face on them. We all know what happened to Rome. But silver lives on with or without the great Roman Empire. Yes, Silver is the Poor Man's Gold. And I think we have plenty of poor people who will never trust the stock market and the cronies who manipulate it.
Just a word of caution for an overly bullish outlook. The same goes for USD shorts. Do you really believe in a total USD collapse with so much wealth being tied up in it? To me it seems absurd that people would bet on such a scenario at these levels. Markets are cyclical in nature, always have been and always will be. To believe and invest in a TOTAL bullish/bearish outlook will catch you off-guard unless you have a safe / planned exit strategy.
Just a friendly reminder that the markets are controlled by people with the ability to move mountains if they wish.
Of course. Don't you know that the IMF wants to kill the dollar?
It's not like they're doing this accidentally. *shrug*
Doing what exactly?? Dumping the dollar in search of higher yields and a "safer" bet? How short sighted does one need be to belive this is going to be a never ending story? So what the Dollar Index is about to reach all time lows? If anything, it is beneficial for US during these fragile times of recovery. I dont see how that would in any way, shape or form mean a total dollar colapse. People have a tenency to blow these facts out of proportion especially when they have vested invest in the opposite direction. A trend is a trend. No two ways about it. The shift from USD to commodities is and has been clear as daylight. Once the every man and his dog jumps on board though do you still think this trend will continue?
fswalker...only a 14 weeker here at ZH...give him at least 6 more weeks until he converts or disappears under a new identity.
"The fact is prices have been driven by a simple shift in focus from one asset group to another."
Gold has been driven to 10 straight years of gains by... momo rotation from other asset groups? Me thinks not.
I think PMs are telling us something very important about integrity of financial markets, fiscal policy, monetary policy, competence of public and business elites, viability of fiat currencies, finite resources, etc.
It's a vote of no confidence in the status quo and I'm voting early and often.
+10 That no confidence factor will never buy the market again. Never. I watch every day and it is unbelievable how much they manipulate stocks. Up Down, Up Down, just what is the right price. Most have a outrageous PE that is not justified.
"I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."
While the above is from Admiral Yamamoto after bombing Pearl Harbor I believe this sentiment is what the banksters are starting to realize.
Correct. The sleeping giant is not just the US today. The world has figured out what Big Ben is doing. Since we are loosing #1 status we will be forced to yield in many ways not understood yet.
"not understood yet"
blah blah and caca
That's all this article is.
Seriously...what's the point of this article other than publcity?
projection for gold is $1800 for end of the year
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
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.