Gold, Bitches - $1,200

Tyler Durden's picture

$1,200 - Check. Sideshow gold preparing to turn the lights out at the printers.

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Anonymous's picture

Will someone please educate me about the DenningerHardOn that comes and goes? What's the punchline here, in a nutshell, please?

Gordon_Gekko's picture

Punchline is that Denninger is an idiot.

Mr. Mandelbrot's picture

Not the hoped for summary . . .

Anonymous's picture

SILVER is going to fucking rock--

You heard it here first.

NRGTDR's picture

agreed for many reason but one in particular---its the poor mans gold.

Selah's picture

Within two years, Gold's only utility will to be to buy land or Silver...

Anonymous's picture

Actually, I'm hoping the Government capitulates (tax wise) and trades land/RE for gold straight up. They are going to be holding enough of it in their "portfolio".

Jim ODonnell's picture

The master of gold trading, Mr Dennis Gartman, was just on CNBC which needs him to give the party line since the reporters all work for a Dead Corporation Walking.

This from memory is what he said, "You have to buy gold now as it is in an obvious uptrend [how about earlier this decade?]. But I don't want to buy gold in dollars [?] but in Euros or Yen [?]."

Say what Sherlock?

Now he was not talking about ETF's or gold stocks but gold. What the fuck can this master of investing possibly mean? Seems it doesn't matter what currency you owned when you then bought gold in exchange.

Now I am really happy as the asshole doesn't understand anything about investing, foreign exchange and obviously gold and it came out of his own mouth in just a few sentences.  

 

Michael's picture

We are now making plans to dismantle all world central banks and confiscate all their gold. The gold confiscation by the world governments for fair redistribution to restart the world economy is only the beginning of justice to be served to the the banksters for their financial fraud they committed against the world. The most egregious perpetrators of treason against humanity will pay dearly for their crimes. Individuals will be permitted to keep individual hoards of gold up to 100oz and may be asked to sell their gold in excess of 100oz to the governments at fair market value in support of the national reset of the economy. Details of the plan still to be ironed out.

chumbawamba's picture

WTF?  No one's taking my gold or forcing me to sell anything, mother fucker.  You think government's going to fix this problem with an even bigger socialistic give away?

FUCK THAT.

I am Chumbawamba.

 

Herd Redirection Committee's picture

Watch out, the GS fatcats now carry pistols!

Indeed, a reset is needed,  but that is when they will try to foist a one-world government upon us.

We need to wait for them to make the FIRST move, and then we 'take over', once they have shown their hand.

 

 

Michael's picture

A one world government is not an option in our plans. All nations will retain their national sovereignty rights. Individuals participating in the monetary crimes against humanity will have all personal assets stripped from them and given jail time if possible. No forced gold confiscations from individuals will be tolerated. Individuals may be asked to participate in reset plans voluntarily. Individual property rights will be upheld all all costs.

trav777's picture

A lot of us don't live in anti Assault Rifle States

If hard reset comes, don't be the cop that's manning some checkpoint to protect bankers; you can get crept on just like GSers with their mighty pistols

WaterWings's picture

Benjamin Fulford, is that you?

Gordon_Gekko's picture

"Permitted" my ass. They will have to take my Gold over my dead body.

Mr. Mandelbrot's picture

They better have supernatural metal detectors, cause they ain't finding my shit, BITCH

anarkst's picture

Gold $1200. or gold $12,000,000. really isn't the issue.  It's the use of money distorting/manipulating labor-value.  People just don't see it.  

Jon_Nadler's picture

Gold is $300 Above it's "Price Equilibrium"
Gold is Not Even a Trade
It's Certainly Not an Investment

Anonymous's picture

no kidding.

Anonymous's picture

Assume the position, Gordo. This is Blue Star II waiting to happen and you're about to get corncobbed again. I can't for the life of me figure out why someone would pick as his avatar some douchebag who lost it all, but hey, to each his own.

WaterWings's picture

At least these Anon pansies at ZH have some brains - most of the time. I just can't ******* stand CAPS LOCK crusaders and 'noone is smarter than me' types. Oh, and the 'first1' crowd - what a plague.  

Gordon_Gekko's picture

GOLD, BITCH! GOLD, BITCH!, GOLD, BITCH!, GOLD, BITCH!, GOLD, BITCH!

I hope you like me better now.

mrgneiss's picture

HOLY SHIT!!!!!!!

Who let the king of the Anti Gold Bugs in here?  They'll let anyone in here!  There goes the neighborhood!

Jon Nadler, Mr. "Don't worry about the gold we hold for you in Kitco's unallocated gold pools - I'm sure its all there whenever you want it"

FoolMeTwice's picture

I just got a brilliant idea. I will buy my wife some nice gold jewelry for xmas. Kill two birds :)

Anonymous's picture

gold was done 4 percent immediately upon Dubai shitting the bed...I own gold but do you think it might be a good time to sell awaiting a carry pop. Is US$800 out of the question if there's a rush to the USD? Personally, I'm bearish gold short term and very bullish long term and thinking its a good time to trade.

thoughts?

trav777's picture

Yes, I plan to sell everything and rush into the notes of the first bankrupt state I can find. 

Mr. Mandelbrot's picture

Sarcasm is the tool of the intellectually weak, but beautifully effective . . . ; )

charto911's picture

The gold bugs are out and its not going to be slowing down anytime soon is what my friend over at: http://www.cooperspick.com and Dennis Gartman says we go higher from here due to technicals not neccessarily short term fundamentals.

Anonymous's picture

Gold is a hard market to call in light of all the inflation we've seen since 1996, what with house prices going up 3x.

That coupled with the decreasing gold output of mining companies over the past 10 years, and the continuing production decline forecast for the next 10 makes gold a very difficult call indeed.

The relationship of gold to the dollar is at best defined by an almost arbitrary concept of worth of either of the parties. It's reminiscent of lovers quarreling and subtly threatening each other over who's worth more on the singles market. In all honesty, the dollar is an ex goldman sachs mid level manager recently fired and divesting himself of excess 'assets' (debt) in a moderately paced contractional reassessment of his life position on the totem pole, and Gold is a saucy 115lb lithe physically fit Hollywood movie starlet in a tiny red dress and 6" heels with creamy smooth fat tits that reeks of estrogen.

You're call.

-MobBarley

Herd Redirection Committee's picture

Don't get out of the trade unless Gold hits $1030.

 

I bought gold with canadian dollars back in April, and you don't want to look at that chart, if you bought with USD!

Anonymous's picture

Chart looks like Dubai skyline...

You Cant Handle the Truth's picture

Roughly a quarter million U.S. troops, poised on two sides of Iran.  

A democratic movement in Iran snuffed out using the Tiananmen Square technique ...

Yeah, I understand the interest in Gold ...

PeterB's picture

New definition of cheap - US Govt debt calculated in $USD

time123's picture


It looks like gold is shining again! It is unstoppable, having moved above $1200!

admin

http://invetrics.com

Mr. Mandelbrot's picture

$1,217 now.  Damn, go back down.  I don't have enough of you yet . . .