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Gold Break Out Continues As 50 DMA Gap Is Close To Being Filled

Tyler Durden's picture





 

Following a strong break out this morning, gold continues its push higher and is now just $8 away from the critical 50 DMA of $1374, which had served as a major support level up until a recent round of margin collateral requirements and the CFTC's grandfathering clause spooked the weak hands in gold in mid-January. Should the 50 DMA be passed (and with the 30 DMA already in the rear-view mirror), the technicals will promptly become a tailwind again, and allow smooth sailing to resume all the way to the all time nominal highs in the $1430s.

The chart below shows how quickly 50 DMA gaps have been filled in the past two years.

 


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Tue, 02/08/2011 - 11:27 | Link to Comment 66Sexy
66Sexy's picture

How bullish it is for gold.. when china raises reserve req's among inflation risk and gold rallies hard.

The markets know damn well real inflation will always outrun the governments version of inflation.... and rates will be suppressed indefinately to protect stocks and housing.

Interest rate hikes fast and hard are the greatest danger to gold price... but not if they lag so much as to be insignificant. This is the most likely scenario.

All systems go.

Tue, 02/08/2011 - 11:28 | Link to Comment Pladizow
Pladizow's picture

From Tyler's lips to Ben's ears?

Tue, 02/08/2011 - 11:47 | Link to Comment unwashedmass
unwashedmass's picture

wow...you're generous saying it "spooked" people.

the hell with that crap, we should call it as it was....

1374 was support until the CTFC colluded with our friendly major bank and manipulated the market down as hard and fast as they could.

now they are trying to keep the lid on, and people ain't quite as stupid as Bennie Boy needs them to be....

or as scared of JPM.

Tue, 02/08/2011 - 11:18 | Link to Comment Cistercian
Cistercian's picture

 1500 here we come.

Tue, 02/08/2011 - 11:22 | Link to Comment gmrpeabody
gmrpeabody's picture

Gold bitchezzz..

Tue, 02/08/2011 - 11:23 | Link to Comment philgramm
philgramm's picture

ZH resident metals guy, The Turd, believes 1600 by June.  The USDX should be in the 70 to 72 range by then

Tue, 02/08/2011 - 11:27 | Link to Comment Turd Ferguson
Turd Ferguson's picture

"resident metals guy"...I like that!

At any rate, this is for today:

http://tfmetalsreport.blogspot.com/2011/02/hmmm.html

And here's that $1600 call from three weeks ago, at the bottom I might add:

http://tfmetalsreport.blogspot.com/2011/01/1600-gold-by-june-10-2011.html

 

Tue, 02/08/2011 - 11:32 | Link to Comment Bastiat
Bastiat's picture

Turd, you've made some great calls -- I got a few traders I know following your blog over the last couple of months. Thanks!

Tue, 02/08/2011 - 11:34 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Bastiat: Thank you for the kind words. I'll try to keep it going.

Tue, 02/08/2011 - 11:39 | Link to Comment william the bastard
william the bastard's picture

Somewhere a used mattress outlet is missing it's sidewalk barker.

 

Tue, 02/08/2011 - 11:45 | Link to Comment quasimodo
quasimodo's picture

Spot on, just around the corner from your mum's house-she will show you the way.

Tue, 02/08/2011 - 12:04 | Link to Comment Bastiat
Bastiat's picture

Somewhere a carnival is missing its ass-clown.

Tue, 02/08/2011 - 12:38 | Link to Comment Temporalist
Temporalist's picture

You lost your job due to insanity?

Tue, 02/08/2011 - 13:24 | Link to Comment Womb Service
Womb Service's picture

Really? Where's your blog, you fucking douche bag?

Tue, 02/08/2011 - 13:56 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I see that JonNadler's new employee is out and trolling away.  O/T dude!  You are supposed to be dissing gold!

Gold keeps going up, Blythe will have you for dinner...

Tue, 02/08/2011 - 14:20 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Turd,

Give me a hint when your CNBS gig is going down this month, would you?

Tue, 02/08/2011 - 12:08 | Link to Comment The Count
The Count's picture

And I thought you cant polish a turd?!

Tue, 02/08/2011 - 12:13 | Link to Comment Freddie
Freddie's picture

You are the Man - Turd (in a funny hat)!   I remember your call.

Tue, 02/08/2011 - 12:20 | Link to Comment Freddie
Freddie's picture

Turd, William B, Tyler D and a few others make ZH a great place. Sadly, the pro-Obama leftist scum like GW and others diminish ZH.

Tue, 02/08/2011 - 12:30 | Link to Comment Montgomery Burns
Montgomery Burns's picture

You're such an ignorant ass, but at least you're consistent.

Tue, 02/08/2011 - 12:50 | Link to Comment HellFish
HellFish's picture

You are absolutely right Freddie.

Tue, 02/08/2011 - 13:14 | Link to Comment Hephasteus
Hephasteus's picture

So we have a consensus. George washington is the suck? No maybe's about it. It's absolute.

We just get the most wonderful rolling trolling brigage around here don't we.

Tue, 02/08/2011 - 13:30 | Link to Comment HellFish
HellFish's picture

LOL.  Disagree = troll.

Tue, 02/08/2011 - 13:47 | Link to Comment Hephasteus
Hephasteus's picture

You troll gw threads and you and you're butt buddy you're facilitating for troll him in a non gw story thread.

It's just weird it's like missing_link. No matter what gw says about any subject he just doesn't like what he has to say.  It's not tied to any subject or field. It's just a personality trolling.

http://www.eagleforum.org/educate/1998/nov98/focus.html

Tue, 02/08/2011 - 13:21 | Link to Comment EscapeKey
EscapeKey's picture

I doubt there are more than a few on ZH who don't realize both party candidates are mere puppets controlled by the same guy behind the curtain.

Read Carroll Quigley's "Tragedy & Hope". Well, that, or switch to Fox News/MSNBC/any other MSM and remain ignorant.

Tue, 02/08/2011 - 22:02 | Link to Comment The Count
The Count's picture

My thoughts exactly. The puppet masters remain the same no matter who sits in the white house or congress.

Tue, 02/08/2011 - 11:27 | Link to Comment tmosley
tmosley's picture

Don't bet on it.  There's not really much out there to stop the other central banks from continuing the flagellation of their own currencies.  This is why the USDX is totally meaningless.  It's like an altimeter to only tells you how high it is above the floor of the airplane.

Tue, 02/08/2011 - 11:42 | Link to Comment philgramm
philgramm's picture

@tmosley, I agree that everyone has been devaluing over the past few years but I also see that some of the big players (China, India) are seeing the light and slowly starting to see inflation.  It could go either way but my bet is that the USDX will actually start to reflect the shitty monetary policy of the Bernank

Tue, 02/08/2011 - 11:52 | Link to Comment tmosley
tmosley's picture

That may be true, but their currencies aren't used when calculating the USDX.

http://en.wikipedia.org/wiki/USDX

Of the components against which the dollar is measured by that index, only 3.6 is what I would call a "strong" currency, ie participates in less printing than the world average.  Well, I say that, but I don't know much about the krona.  If that is also a "hard currency", then it's 7.8%.

Tue, 02/08/2011 - 12:41 | Link to Comment philgramm
philgramm's picture

Thanks for the wisdom.  This is why I read ZH:-)

Tue, 02/08/2011 - 13:35 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Fiat currency collapse. Hence my username.

Tue, 02/08/2011 - 11:50 | Link to Comment william the bastard
william the bastard's picture

Hey! Don't look now muscle mouth but gold is fading...again.

When QE is formally ended it will be too late for the bullion hoarders to recover.

Paper is liquid esp the X2s bulls and bears. Traders love it and profit by it. Even Paulson owns the ETF. He's as fool in your book.

Doomers will always make the same brainwashed argument they've used since 1980. Yawn.

Tue, 02/08/2011 - 11:54 | Link to Comment tmosley
tmosley's picture

Once again, this dumbass proves his attention span is only measured in microseconds.  A single downtick and he's claiming he was right.  What a dumbshit.

Tue, 02/08/2011 - 12:09 | Link to Comment tmosley
tmosley's picture

What arguments?  You drive by and shout "I disagree" like a fruit, and I call you a prick.  You are the one that has been proven wrong (many, many times, I might add).  

You need to work up a new sock puppet.  This one is approaching negative infinite credibility.  But then, it's pretty useless, as I will just point out the next one by the time of its second post, just like I did this one and the last two.

Tue, 02/08/2011 - 12:15 | Link to Comment tizzleofdoom
tizzleofdoom's picture

were you Tmo on PBN?

Tue, 02/08/2011 - 12:27 | Link to Comment tmosley
tmosley's picture

I don't know what that is.  I guess not.

Tue, 02/08/2011 - 12:33 | Link to Comment tizzleofdoom
tizzleofdoom's picture

its a paintball forum, tmo was a member who hung out in the investment thread and reminded me a lot of you.

Tue, 02/08/2011 - 12:36 | Link to Comment GoinFawr
GoinFawr's picture

A paintball forum that has an 'investment thread'?

Damn I love the interwebs.

Tue, 02/08/2011 - 13:07 | Link to Comment tmosley
tmosley's picture

lol, never played paintball.  I wanted to do it as a kid, but I had to pay the bills, and didn't really have enough left over for stuff like that.  Those guns were pretty expensive.

These days, I would rather have the real thing, and just spend an afternoon on the range.

Tue, 02/08/2011 - 13:43 | Link to Comment tizzleofdoom
tizzleofdoom's picture

its not a very active part of the website, but if you have a few minutes and want to see what some kids(not all of us are kids) are asking and posting on forum here you go:  http://www.pbnation.com/forumdisplay.php?f=428

Tue, 02/08/2011 - 12:12 | Link to Comment EscapeKey
EscapeKey's picture

I agree... tmosley, there really is no need for name calling. We all know wtb is a flaming retard anyway.

Tue, 02/08/2011 - 12:28 | Link to Comment tmosley
tmosley's picture

No need for trolling either.  We all have to get our jollies somehow, apparently.

Tue, 02/08/2011 - 11:54 | Link to Comment EscapeKey
EscapeKey's picture

And unfunny, zero credibility trolls will continuously tell other people to short gold, while not themselves following through on said advice.

Tue, 02/08/2011 - 12:17 | Link to Comment ColonelCooper
ColonelCooper's picture

He would like to follow his own advice, but regrettably the $142.00 a week he gives his Mom for room and board eats up all of his takehome pay.  But rest assured, when he gets flush he's gonna fund that Scottrade account and get back into the game.

He did sell his silver plated MacDonald's Vancouver Olympics Medallion he was given for good work attendance.  He needed the cash after he got fired for jerking off into the lunchbox of the poor downe syndrome girl who salts the fries; so I guess he does kind of walk the walk.

Tue, 02/08/2011 - 12:53 | Link to Comment Temporalist
Temporalist's picture

I bought that silver plated McDs medallion from him and it is worth twice what I paid.  Sucker!  It was sticky though now I know why.

Tue, 02/08/2011 - 14:03 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+++++ Escape, Colonel, Temporalist!

Needed the laughs today!

Tue, 02/08/2011 - 12:49 | Link to Comment d00daa
d00daa's picture

Are you short gold??  NO??  Put your money where your mouth is, cunt, or GTFO and get back to what you do best: hand-jobbing Smailes for beer money.

Tue, 02/08/2011 - 12:51 | Link to Comment Temporalist
Temporalist's picture

You clearly haven't been taking your medication.  QE formally ended that is a good one.  If you weren't crazy you could have been a comedian.  I guess JP Morgan is also wrong for accepting PMs as collateral.  Why don't you tell them how wrong they are then report back to the wizard in your closet?

Tue, 02/08/2011 - 13:11 | Link to Comment SilverRhino
SilverRhino's picture

When QE is formally ended it will be too late for the bullion hoarders to recover

Put the goddamned crack pipe down already you fucking moron.   

Dilute the currency you get higher prices.   Just because you STOP diluting currency doesn't mean the price is going to drop.  The rest of the world just watched you fire up the printing presses to the tune of a few trillion dollars, the smart ones are not going to get treasury/inflation ass-fucked  a second time.

Tue, 02/08/2011 - 23:25 | Link to Comment StychoKiller
StychoKiller's picture

When QE is formally ended it will be too late for the bullion hoarders to recover.

When that happens, those that have Physical PMs in their hot little hands will be watching the NYSE burn to the ground -- check your premises.

Tue, 02/08/2011 - 11:22 | Link to Comment tmosley
tmosley's picture

All the trolls had best go ahead and file for new names to get that credibility back up to zero!

Tue, 02/08/2011 - 11:22 | Link to Comment gmrpeabody
gmrpeabody's picture

Too funny... +++

Tue, 02/08/2011 - 11:25 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

lol

Tue, 02/08/2011 - 11:34 | Link to Comment Bastiat
Bastiat's picture

Yep especially Johnny Bravo/Math Man  who blamed gold investment for both inflation and defaltion a week or two back.  Then last week was bragging about his massive Si put position. 

Tue, 02/08/2011 - 11:38 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

Tmosley -

ur a favorite bro...sabre tongued

cheers

Tue, 02/08/2011 - 11:56 | Link to Comment Hephasteus
Hephasteus's picture

The zero hedge return to innocence cycle. LOL

http://www.youtube.com/watch?v=thpBS6j5Tjw&feature=related

Tue, 02/08/2011 - 12:05 | Link to Comment ColonelCooper
ColonelCooper's picture

+++ @ Mosley.

Tue, 02/08/2011 - 14:06 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

The thing about the trolls is they have no staying power...

Also a lot of good Troll Terminators here.

Tue, 02/08/2011 - 14:06 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

deleting dupe...

Tue, 02/08/2011 - 11:23 | Link to Comment yellowbr
yellowbr's picture

GOLD TO THE MOON BITCHEZ!

Tue, 02/08/2011 - 11:26 | Link to Comment taraxias
taraxias's picture

But...but....b....I thought RoboTroll and William the Fucktard said gold was going to get blowtorched ?!?!?

 

WTF???

Tue, 02/08/2011 - 11:28 | Link to Comment Cistercian
Cistercian's picture

 A blowtorch has no effect on Gold.It may melt, but rest assured it will become solid again....SOLID.

Tue, 02/08/2011 - 11:30 | Link to Comment umop episdn
umop episdn's picture

It *is* going to get blowtorched...or, more properly, melted and re-refined. You can't be too careful in these tungsten-filled days.

Tue, 02/08/2011 - 11:34 | Link to Comment lieutenantjohnchard
lieutenantjohnchard's picture

old catfish mouth robo douche bull bear wanna be doesn't believe his own posts. i think it's because his yoga tights have cut off the flow of blood to his brain.

Tue, 02/08/2011 - 12:00 | Link to Comment Hephasteus
Hephasteus's picture

Some people just don't know how to lose the hero and get with the zero.

Tue, 02/08/2011 - 11:25 | Link to Comment BrianOFlanagan
BrianOFlanagan's picture

fat tails bitchez!

Tue, 02/08/2011 - 11:27 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Gold.

It's what's for wealth preservation.

http://www.beefitswhatsfordinner.com/

Tue, 02/08/2011 - 12:43 | Link to Comment AZSovreign
AZSovreign's picture

Soon to be.....

 

Nothing,  it's whats for dinner..

Tue, 02/08/2011 - 12:48 | Link to Comment SheepDog-One
Tue, 02/08/2011 - 13:11 | Link to Comment AZSovreign
AZSovreign's picture

MMMm yum!

 

Is this bullish for cancer?

Tue, 02/08/2011 - 15:25 | Link to Comment Strider52
Strider52's picture

I never could eat rice - it looks too much like maggots. If there was a maggot in a bowl of rice, could you spot it? Not likely.

  Why don't they use inexpensive and readily available maggots instead of plastic? I'm sure maggots have more nutritional value.

Tue, 02/08/2011 - 23:28 | Link to Comment StychoKiller
StychoKiller's picture

The Chinese eat just about anything, with the exception of "Wolf's heart and Dog's lungs", which is an epithet for "Totally useless" to the Chinese -- so somewhere in the Orient, maggots are probably on the menu.

Tue, 02/08/2011 - 11:26 | Link to Comment duo
duo's picture

This is how we did a breakout back in the '80s

http://www.youtube.com/watch?v=nnivOKYyWLY

Tue, 02/08/2011 - 11:27 | Link to Comment umop episdn
umop episdn's picture

Not a mention of my favorite metal, silver? It is spitting distance from $30 a troy oz, and has already passed all relevant moving averages (imho).

Argentum, Canis familiaris!

Tue, 02/08/2011 - 11:31 | Link to Comment EscapeKey
EscapeKey's picture

"None shall pass", screams Blythe Masters the troll, as silver attempts to cross the $30 bridge.

Tue, 02/08/2011 - 11:35 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Oops. Too late.

$30.01 as of 10:36 AM

Tue, 02/08/2011 - 11:40 | Link to Comment Cistercian
Cistercian's picture

 Are those footprints on her back?

  Why yes, yes they are.

Tue, 02/08/2011 - 12:46 | Link to Comment Big Corked Boots
Big Corked Boots's picture

How I wish they were mine.

Tue, 02/08/2011 - 12:38 | Link to Comment H. Perowne
H. Perowne's picture

30.12. Someone take away her belt and shoelaces again.

Tue, 02/08/2011 - 12:44 | Link to Comment Hephasteus
Hephasteus's picture

She's trying to buy life insurance but since all the actuary tables say unbacked fiat empires die after 40 years she's not getting much play.

Dollars dead. No exceptions exemptions or miracle cures.

Tue, 02/08/2011 - 15:48 | Link to Comment H. Perowne
H. Perowne's picture

Don't worry, no one is going to get screwed

Tue, 02/08/2011 - 17:31 | Link to Comment Hephasteus
Hephasteus's picture

Free body bag with purchase of closed prop desk.

Tue, 02/08/2011 - 11:30 | Link to Comment nontaxpayer
nontaxpayer's picture

That bottom chart looks sweet! Picked up some Krugers yesterday.  Perfect start for the week.

Tue, 02/08/2011 - 11:32 | Link to Comment bronzie
bronzie's picture

"The Russell view - It's virtually impossible to successfully time in-and-out trades during an ongoing primary bull market.  Usually what happens is that the trader has moved out of the market just as the bull trend resumes.  Thus, the bull market does what it's supposed to do - advance while leaving most traders and Johnny-Come-Latelies behind."
Richard Russell, Jan 26, 2011

"It never was my thinking that made the big money for me.  It always was my sitting."
Jesse Livermore

Jesse learned the same lesson that Richard is sharing with us - take a position and wait for the primary trend to fully express itself

the primary trend in gold will continue for another 3 to 10 years

Tue, 02/08/2011 - 11:41 | Link to Comment grey7beard
grey7beard's picture

">> The Russell view -

I've been a reader and follower of Russell's advice for awhile now.  His wisdom has helped me dampen the emotion that leads to most of my disasterious trades. 

>> take a position and wait for the primary trend to fully express itself

I've developed quite the knack of buying the rhino horn.  Fortunately the bull market has helped ease the effects of this disability.

Tue, 02/08/2011 - 12:36 | Link to Comment bronzie
bronzie's picture

"I've developed quite the knack of buying the rhino horn."

you got Jim Sinclair's advice backwards - you're supposed to SELL the rhino horn and BUY the fishing line

Tue, 02/08/2011 - 11:54 | Link to Comment Bastiat
Bastiat's picture

Very true for me bronzie.

Tue, 02/08/2011 - 13:37 | Link to Comment pirea
pirea's picture

If Russel is saying this, it must be true.

I went in PM stocks in 2005, I made maximum one trade in 3 months to adjust my portfolio, and I am up 385%.

An advice: do not try to time the bull market.

Tue, 02/08/2011 - 11:33 | Link to Comment topcallingtroll
topcallingtroll's picture

Damn you gold and silver!

Tue, 02/08/2011 - 14:09 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Uh oh, top!

JonNadler might send you over to Blythe's as well for dinner...

Tue, 02/08/2011 - 11:33 | Link to Comment Crispy
Crispy's picture

Old turkey said "it is a bull market you know..."

Tue, 02/08/2011 - 11:34 | Link to Comment SirPlayomic
SirPlayomic's picture

My first post. I bought 2 x 1kilo kookaburras when the price hit a low of 620 Euro and a 20g gold bar on the same day. I'm in my 20's and 100% in PMs. Greetings from a Scotsman living in Germany.

 

 

Tue, 02/08/2011 - 11:40 | Link to Comment lieutenantjohnchard
lieutenantjohnchard's picture

good job my man. put the bullion away in a safe place and forget about them. careful with the pm stocks though. they'll break your heart.

Tue, 02/08/2011 - 14:13 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Way to go Sir!

Buy as income permits.  Stay out of debt.  You will be fine!  I did not start buying PMs until I was about 30.

Keep it up and you will be rich, enough anyway.  You will have excellent wealth to pass down to any children.  What a great legacy you are preparing!

+ $1360

Tue, 02/08/2011 - 15:00 | Link to Comment Spigot
Spigot's picture

Put a golden chain between those Kooks and you could play a bit of havoc with yer local thugs, eh?

Tue, 02/08/2011 - 23:49 | Link to Comment StychoKiller
StychoKiller's picture

Wilkommen!

Tue, 02/08/2011 - 11:35 | Link to Comment docj
docj's picture

And here, just in time, comes Barry to further destroy any lingering vestiges of fiscal prudence at the Fed.Gov ...

http://www.foxnews.com/politics/2011/02/07/source-obama-wants-jobless-ai...

The Obama administration is proposing short-term relief to states saddled with unemployment insurance debt, coupled with a delayed increase in the income level used to tax employers for the aid to the jobless.

Yeah, short-term.  Like those "short-term" $1T-plus deficits, right?

The bailouts will continue until the currency implodes.

Tue, 02/08/2011 - 11:38 | Link to Comment SheepDog-One
SheepDog-One's picture

Everything for the last 3 years has been a mere momentary anomaly, just a minute glitch abberation that by next month will be quickly reversed to show the real reality. Such as 400,000+ weekly unemployment every week for 29 months...simply a glitch its not real.

Tue, 02/08/2011 - 11:35 | Link to Comment SheepDog-One
SheepDog-One's picture

Robo, Harry, and Smailes shooting out blood from every orifice.

Tue, 02/08/2011 - 11:42 | Link to Comment Cistercian
Cistercian's picture

 Ebola...it strikes at the most inopportune times!

Tue, 02/08/2011 - 11:37 | Link to Comment Ancona
Ancona's picture

If they sell all the gold, then what will they use as a paperweight to hold down the zillion and one paper promises to deliver?

Tue, 02/08/2011 - 11:37 | Link to Comment in-Credible Banker
in-Credible Banker's picture

Guys:

 

Is anyone reading this stuff from the Yahoo JPM board, talking about all out nuke warfare between Blythe and some former traders?  Is this even possible?  The level of detail is incredible!!  Comments?

http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_J/threadview?bn=10073&tid=385782&mid=385811

 D

Tue, 02/08/2011 - 11:40 | Link to Comment SheepDog-One
SheepDog-One's picture

I have no doubt its going on.

Tue, 02/08/2011 - 11:56 | Link to Comment MrSteed
MrSteed's picture

I *did* see that.   For more you might try:

 

http://search.messages.yahoo.com/search?.mbintl=finance&q=wynter_benton&...

Tue, 02/08/2011 - 15:44 | Link to Comment MsCreant
MsCreant's picture

She mentions Tyler and The Turd as exemplars of what she is about!

Tue, 02/08/2011 - 12:58 | Link to Comment Hubbs
Hubbs's picture

Go Bills!

Tue, 02/08/2011 - 11:39 | Link to Comment Savonarola
Savonarola's picture

Who was the guy last month, who said that Gold would break out on Feb 8th ?

Who was that man, I'd like to shake his hand, he made my baby fall in love with me-  yeah.

PS  to all you PM haters... see you in church !  Mwahhaaahaaa.

Tue, 02/08/2011 - 11:40 | Link to Comment in-Credible Banker
in-Credible Banker's picture

See my message above!  Same topic!!!  feb 8 was the date according to "Wynter Benton".

 

 

Tue, 02/08/2011 - 12:00 | Link to Comment Woppopotamus
Woppopotamus's picture

Dude you're a little late with the news. Had my calls in place since the gold breakdown confirmed.

Tue, 02/08/2011 - 11:41 | Link to Comment SheepDog-One
SheepDog-One's picture

PM hater crew is oddly silent today...probably busy mopping up all the blood shooting out of every orifice.

Tue, 02/08/2011 - 11:52 | Link to Comment oddjob
oddjob's picture

Let me help.....blah,blah,blah,head and shoulders top,blah,blah,blah.

Tue, 02/08/2011 - 12:55 | Link to Comment Max Hunter
Max Hunter's picture

you forgot.. blah, blah, you can't eat it.. blah, blah...

Tue, 02/08/2011 - 14:21 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

you forgot.. blah, blah, it's in a rising wedge.. blah, blah...

Tue, 02/08/2011 - 14:37 | Link to Comment Dave Thomas
Dave Thomas's picture

you forgot.. blah, blah, barbarous relic.. blah, blah...

Tue, 02/08/2011 - 13:14 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

...and, who was the azz hat that said gold to drop to $1290 or below prior to any gain???

Tue, 02/08/2011 - 15:04 | Link to Comment Spigot
Spigot's picture

I was guestimating it might go as low as 1275 before the bull turned its horns into the back side of the shorts as it reversed and ripped to 1500.

But, ya know, when you get international clearing houses discussing accepting gold as collateral...well, that DOES change the dynamics a bit, hmmm?

Tue, 02/08/2011 - 11:47 | Link to Comment SheepDog-One
SheepDog-One's picture

You MUST SEE THIS! Chinas solution to the commodities upward death spiral is...get this...manufacturing PLASTIC RICE! No shit heres Max Keiser breaking the story LOLOLOL!!!

YouTube - OMG! do NOT eat Chinese rice - 3 bowls = 1 PLASTIC BAG! polluting the food supply!

Tue, 02/08/2011 - 11:52 | Link to Comment jmac2013
jmac2013's picture

We're not far off from the manufacture of Soylent Blue, Yellow, and the dreaded Soylent Green for consumption.

Tue, 02/08/2011 - 12:03 | Link to Comment Woppopotamus
Woppopotamus's picture

What's the secret ingredient?

Tue, 02/08/2011 - 12:10 | Link to Comment tmosley
tmosley's picture

MSG.

It already says "people" on the package.

Tue, 02/08/2011 - 12:12 | Link to Comment Sean7k
Sean7k's picture

They use potatoes and sweet potatoes to form the kernal, then coat it in a plastic resin to keep it together when it cooks. That is why it stays hard- the potatoes are encased in a shell. 

Tue, 02/08/2011 - 23:55 | Link to Comment StychoKiller
StychoKiller's picture

Ooh!  Just like Contac™:  "A hundred tiny time pills in a capsule!"

Tue, 02/08/2011 - 11:55 | Link to Comment Sean7k
Sean7k's picture

The rice doesn't cook either- stays hard. Can you imagine making that product and then selling it to your neighbors? What kind of people do that? and yes, I realize we have them here.

Tue, 02/08/2011 - 12:02 | Link to Comment Bastiat
Bastiat's picture

Think asparatame and margarine. Did you know flies won't eat margarine?

Tue, 02/08/2011 - 12:09 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

LOL

I never considered flies to be very descriminating in their food choices.

Tue, 02/08/2011 - 12:35 | Link to Comment Bastiat
Bastiat's picture

Exactly! I've heard bears won't eat it either.

Tue, 02/08/2011 - 13:42 | Link to Comment trav7777
trav7777's picture

file me with our furry friends, I don't eat that shit either

Wed, 02/09/2011 - 00:20 | Link to Comment GoinFawr
GoinFawr's picture

Obviously you have never attempted to catch more flies with vinegar instead of sugar, CogD.

Tue, 02/08/2011 - 12:14 | Link to Comment tmosley
tmosley's picture

It's just oil.  The butter industry did a smear campaign on margarine a hundred years ago, but nutritionally, it is better, it's also smoother and tastes just as good as a spread (butter is still far better for cooking).

You know they actually forced margarine producers to put pink food coloring into their product so people wouldn't buy it?  Government guns do funny things.

Tue, 02/08/2011 - 12:28 | Link to Comment Bastiat
Bastiat's picture

It's bad oil, tmosley, trans fat.

Tue, 02/08/2011 - 12:46 | Link to Comment tmosley
tmosley's picture

Many brands of margarine have eliminated trans fat.  I only use smart beat, which did that long ago.  

Not sure why everyone is so nuts about trans fat.  Chemically, it is almost exactly the same as saturated fat, which causes hardening of the arteries (the bond arrangement of both allow them to pack together and harden, like candlewax).  I see some references to increased formation of LDL cholesterol being associated with trans fat, but I don't really know why or how, and one must always keep in mind that correlation is not causation.

I do know how LDL causes damage though.  Pretty interesting, actually--it produces reactive oxygen species as it oxidizes, which cause oxidative stress, which seems to damage the heart (among other things).

Tue, 02/08/2011 - 14:00 | Link to Comment JustPrintMoreDuh
JustPrintMoreDuh's picture

+1 biochem

Tue, 02/08/2011 - 13:18 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Margarine circa 1952 came with a reddish powder in a seperate packet and was mixed by the consumer (then known as a house wife). After the mixing the result was color similar to butter.

 

Tue, 02/08/2011 - 13:44 | Link to Comment trav7777
trav7777's picture

margarine sucks...it is nutritionally inferior and tastes like crap.  Hydrogenated vegetable oil instead of butter?  May as well eat garbage

Tue, 02/08/2011 - 14:18 | Link to Comment ColonelCooper
ColonelCooper's picture

++++

Tue, 02/08/2011 - 14:41 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

I heard that margarine was originally developed to fatten up cows.

Tue, 02/08/2011 - 15:19 | Link to Comment Bastiat
Bastiat's picture

I read it was for turkeys, Hook --- and they died.

Tue, 02/08/2011 - 15:26 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Interesting. Did you ever hear of the study when they fed peanut butter (or the meal) to turkey. Evidently the aspergillus that grows in it shuts down the liver. 100% dead.

Tue, 02/08/2011 - 21:37 | Link to Comment Bastiat
Bastiat's picture

Never heard that one.

Tue, 02/08/2011 - 12:20 | Link to Comment uranian
uranian's picture

Another study done by the Department of Nutrition at the Harvard School of Public Health in Boston, analyzed the diets of 239 patients admitted to Boston hospitals for their first heart attack, and compared them with the diets of 282 healthy control subjects. After adjusting for several lifestyle variables, they found that margarine intake was significantly associated with the risk of myocardial infarction.14

A Harvard Medical School study followed more than 85,000 women over an eight-year period. The researchers compared the diets of those who developed heart disease over that time with those who did not. They found that major dietary sources of trans- fats, such as margarine, were significantly associated with higher risks of coronary heart disease.15

 

http://www.drcranton.com/nutrition/margarin.htm

 

Just bought some goat's butter as an aside, having read that the fats balance in goat's milk is better for humans than cow milk.

 

as another aside, the captchas don't work sometimes:

Math question cannot be longer than 2 characters but is currently 3 characters long.
Tue, 02/08/2011 - 12:33 | Link to Comment gmrpeabody
gmrpeabody's picture

Yea..., that's all part of the CAPTCHA. You see, computers are still trying to get a 2 character answer, but you realized the mistake and are now having fun with the rest of us.

BTW, i wouldn't keep making it public, or those high speed platforms may be adjusted for those mischievious humans.

Tue, 02/08/2011 - 13:15 | Link to Comment Temporalist
Temporalist's picture

The captcha is working just fine it ensures that you are human, and intelligent enough, by having you fail and return to try again.  Notice the second captcha is never a 3 character answer...

Tue, 02/08/2011 - 15:02 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

It's not a bug, it's a feature!

Tue, 02/08/2011 - 16:42 | Link to Comment Cathartes Aura
Cathartes Aura's picture

indeed.  they're called Monsanto, and they've infected the whole food supply with their artificial poisons and their revolving door FDA moles. . .

USDA partially deregulating biotech sugar beets

KANSAS CITY/WASHINGTON, Feb 4 (Reuters) – U.S. agricultural regulators on Friday said despite a court ban, they would allow commercial planting of genetically modified sugar beets under closely controlled conditions while they complete a full environmental impact statement. The move marks the second-such boost by the United States for contested biotech crops in a week, and underscores U.S. determination to expand the use of GMO crops amid rising global fears over food security and surging prices. After approving genetically altered alfalfa last week in the face of bitter protest and after court rulings against an earlier sugar beet approval, the U.S. Department of Agriculture said it would allow Monsanto Co’s (MON.N) “Roundup Ready” sugar beets back in the fields this spring

http://farmwars.info/

check out their story on the latest version of "aspartame" called "neotame" - don't have to list it on the ingredients AND it can be added to "USDA certified organic" foods. . . nice.

Tue, 02/08/2011 - 12:04 | Link to Comment TradingJoe
TradingJoe's picture

It is truly obsolete to speculate as to the "value" of gold! It is and will remain a STORAGE OF VALUE and will eventually, only eventually, become a means of exchange! Stick with Physical PMs, regardless of any price movement in the paper world, rest is just noise!

Tue, 02/08/2011 - 12:07 | Link to Comment ciscokid
ciscokid's picture

Wish silver will break the 30$ line,simes the boys are

really out to see it stays below.

Tue, 02/08/2011 - 12:14 | Link to Comment SirPlayomic
SirPlayomic's picture

It's just broken it!

Tue, 02/08/2011 - 16:44 | Link to Comment Cathartes Aura
Cathartes Aura's picture

30.31 just now. *smile*

Tue, 02/08/2011 - 12:36 | Link to Comment belogical
belogical's picture

What's everyones opinion of wynter bentons comments this am?

Silver alittle or a lot higher?

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