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Gold And Silver Surge On QE3 Expectation Rerack
Who'd a thunk that BTFD works for commodities even better than it does for stocks. Desks now advising clients that QE3 is likely (whether or not due to this article is irrelevant) and the result is presented below.
Silver
Gold
Next up: as bond yields jump by 100+ bps next, Bill Gross will be more than happy to load up at a special, new low price.
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Flight to safety: gold, silver, EUR ....
EUR doesn't match well with safety.
Johnny Bravo, Leo, Robot, William the bastard and Math Man are on the march.
Goldbugs and silverbugs ankles are shaking.
You are breaking character. You need another avatar. You deserve two.
Those of us with strong positions are laughing at those fucktards all the way to the bank of Sealy.
Above $36 tough for now.
The computers could care less, if there is a earthquake or some trading desk is hawking Q3.....dollar gets killed...risk trade on....
for those you have not seen it, when you get some time, "peak oil and the coming famine".
http://nakedempire.wordpress.com/
orchestrated raid by the bankers perhaps??? we'll be taking profits at $36...
very connected think tank out yesterday saying that there is NO QE3, but they will try to delay any liquidity withdrawl as long as possible.
Center for American Progress? got a link?
There will be QE to infinity but the timing of the next installment will ocurr after the FED has engineered a price correction in all hard assets.
a very connected disinfo source for the dummies out there
QE is the path>>>>>>>>>>>>>>to infinity and beyond!
If QE3 is so certain, why pimco dumped all the treasuries?
I highly doubt it....
it's not. happening ... see below. these same guys were the first guys to make the call on ecb tightening. Very very well connected. There are those that know, and those that think they know.....
No QE3? Timmah better get busy on the phone to drum up some takers for his bond issues then. He's got about $10 trillion of debt to sell over the next few years, and if the Fed isn't buying, and everyone else is loaded to the gills with UST's already then he has some major supply/demand issues to solve. Of course he can't simply increase rates to attract buying, because then he wouldn't be able to meet the interest payments.
The only way I will be persuaded that QE will end is if somebody can produce a plausible explanation as to how the US Government is going to finance itself without the Fed sucking up 70% of their debt issuance.
I don't know why you people are junking my comment. I am just telling you what i am hearing - which i bet most of you do not have access to. Fine, who cares, i'll keep the comments to myself!!! You bang on about not conforming to group-think on this site, yet thats exactly what you do, just with the opposite views!
For the record, I didn't junk you, but I would appreciate an exposition of the insight that your sources (to whom, as you correctly point out, I do not have access) have as to how the USG will float trillions of debt without Fed monetisation.
So they can wait for the price to drop and yield to rise and then buy back in right before QE3 commences.
i guess pimco can't front run every tsunami
Spike rally at 12.00 NYT on Friday; the standard interpretation is a manipulation upwards by the floor traders and the locals, who are going short as we speak. Prices will be lower next Monday and Tuesday. "The news" means nothing; it's picked out of a grab bag after the event.
Strange how when the PMs spike the markets must follow suit. Wouldn't want Au or Ag looking too good now.
So should I sell my physical gold? Please share.
I refuse to lose on betting on 6,000 years of history!
The 1980s is what is killing me.
That is not what I meant at all. The point was that PMs are strong and the equities markets can't be left behind so someone started buying after the metals started going green. It's just marketing, trying to convince people not to put money in metals because stocks are dandy.
Equities are preferable in an inflationary enviornment, so I hear.
Debt (Bonds) are for suckers! Bill is gross.
If Standard & Poors were to collapse 10-15% QE 3 would come online.
These guys hate to lose!
They look at the American people as flesh to harvest.
Don't Start the Revolution without me!
Just to point out, the 1980s the U.S. wasn't a global empire with liabilities higher than any civilization in history as it is now. 30 years can really change a country. See how the dollar is dropping? Back in 1980 the dollar would have shot up on any Middle East, Japan Earthquake, Eurozone weakness, Oil spills, North Korea, Iran...hell people wanted the dollar when they got a headache.
Also China was a weakling economy with no middle class back then. Now? They are 2nd and quickly approaching 1st (unfortunately it's because they are following suit of the Fed and creating "wealth" out of empty cities and false economic reports). The U.S. was a creditor nation back then...now we owe the Chinese a trillion greenies.
There was also no Euro so less competition.
Many more favorable situations back then for the USA. Not so much now.
Right now the Dow is up 17.5 points or .15%. I would not characterize those numbers as strong buying of equities...considering the Feds POMO operations.
Meanwhile silver is up 2.56%, gold up .64% and oil up 1.6%...on the day.
Plus NY Fed Prez Dudley just confirmed no tightening in forseeable future.
http://finance.yahoo.com/news/Dudley-signals-Fed-wont-rb-3386698662.html...
So it's game on for precious metals.
be it resolved that blythe and sholly be on the receiving end on a diving elbow drop.
3 days? PIMPCO selling out of US debt & it bought 3 days of no QE3 expectations?
Anyone else notice the shortening duration of the effects of manipulation attempts?
I've seen motors take a shit before. It always starts out with barely noticeable sounds that increase over time. Right before it blows the sounds & vibrations are coming back to back like it's in a hurry to git 'er done.
It's like how you can only dissolve so much sugar in your coffee, or the diminishing returns of technology. We have the most powerful computing ever in the hands of the common man, yet many people still can't construct a proper sentence.
There are endless quality documentaries to watch but many are stuck watching Ouch My Balls chuckling like idiots.
source: "Idiocracy"...one of the best documentaries in recent history
If it's true the losses really start piling up for the Morgue at $36, I'd love to see a run up to $40!!!
Even John Taylor does'nt expect QE3
#3 Holder of TBonds is Japan. I don't think they'll be at the next auction. Probably selling now and bringing it back into Yen. See the dollar. Gets worse next week. PM's getting a lift because word leaked out that Ben's greasing the presses.... print paper to buy paper.
TD, your article about shadow banking comes out this morning, and then desks are telling clients that QE3 is likely? When it was so unlikely just after you broke the news Wednesday that Bill Gross dumped all treasury bonds?
Did you just whipsaw the market? :)
Marc Fisher "My money is with Bill Grosso"
http://www.cnbc.com/id/15840232?video=3000009960&play=1
DO NOT IN-TRUST your money to anyone other than yourself.
It will be stolen! If not from your hands physically, THROUGH INFLATION!
Did you see the Riots in the middle-east? This is genocide, ladies and gentleman. Pure, unadulterated, mass genocide!
All these people are paid to lie right into your f***ing face. They laugh off screen and share drinks. Still don't believe me?
I am, personally, scared to death of what is coming.
I am fully prepared to die in the streets. Fighting for what I believe.
Ron Paul says THE FED WILL END ITSELF. The Monetary System will collapse and blood will run in the streets.
http://www.youtube.com/watch?v=sPQs6ri7Dt0
He is never wrong!
good luck. Protect yourselves!
Dude u just said don't belive anyone but Ron Paul is never wrong? lol
I hear u i like Ron Paul
My point is that at this moment if you are buying pm for expecting QE3 at this point,
it sounds too fast. I think QE3 will come out as well but it will take some evidences of slowing economic growth. We can see those evidences but not in the news.
After that period, i think that we can talk about QE3.
Take it easy and breathe. RP can be wrong don't be silly. Will he be? Who knows. Don't run around with your head cut off much more is to be gained from keeping calm especially when others panic. Do what you can, tell anyone who will listen. Don't let fear be your guide.
"He is never wrong!"
A scary statement that belongs to people with faith.
I will have none of that.
new 52 week high for silver today? crazier things have happened. may silver deliver a diving knee drop to sholly and the blythesterette.
Looks like Zerohedge is a market maker now.
Bernanke reads Zerohedge so he knows what to do.
You realize that is victory, correct?
It means the entire concept of ZH + Fightclub has been a run-away success!
I hope he reads this site.
If he was here now, I would tell him to burn in hell for all the lives he is destroying world wide!
(He will be there someday anyways, along with Bush, Obama and all the other dictators ;)
ZH is legendary!
More and more ZH gets referenced on air on FOX News.
It's interesting to note how many of the 'Highbrow' newspapers here in the UK now regurgitate material that they have clearly obtained from ZH. It appears that 'Tyler' is becoming the primary source of current and financial affairs information in the mediasphere.
Nah. If Bernumbnuts read ZH, he'd have known he should have chowed down a bullet sandwich many months ago.
Fight club vernacular would be lead salad.
Silver looks like it's going to close out above $36 for the Weekend... No parties over at JP Morgan.
except that JPM retains its "value"....as the indices head for the moon; all the assholes in Wall $kreet laughing all the way to the bank [to coin a phrase]
A post I saw yesterday. by Math Manon Thu, 03/10/2011 - 11:35
#1036749
And watch it compress even more as Silver and Gold continue to sell off...
When Japa starts selling their U.S. treasuries to fund their rebuilding efforts, who will buy them? Bernanke will be forced to buy them up. What consequences will that have on the U.S. dollar and PMs
I often bring up the subject of buying silver when I talk to other truck drivers. Very few know about why and fewer still have any. When just a small percentage of wised up Americans decide it might be smart to own a little real money we will see the end of the bankster cartel manipulation.
No QE3?
Not over the the Bernank's dead HELLicopter!
No QE is a pipe dream smoked by the rabid deflationists
"Prints is in the House"; his words may not be as esteemed as Greedpan's, but they amount to the same message:
its Printsville or Bust Baby!
psssttt....Baby Blythe......
Blood and gold.........You need them both..
No selling physical gold though,sell blood instead.
psssttt....Baby Blythe......
Blood and gold.........You need them both..
No selling physical gold though,sell blood instead.
Curious how the most active bull market around is studiously ignored by the lamestream media.