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Gold Break Out In Progress

Tyler Durden's picture





 

Perhaps those 2 days of December 1,800 gold call purchases we discussed yesterday indicated someone (not Doug Kass mind you), knew something...Gold has just surged by $20 in minutes. Unless Blythe can find a way to contain this, this could get very ugly, very fast.

 


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Thu, 02/03/2011 - 13:09 | Link to Comment swanpoint
swanpoint's picture

Woot.

Thu, 02/03/2011 - 13:16 | Link to Comment whatsinaname
whatsinaname's picture

Scythe to the Blythe !!

Thu, 02/03/2011 - 13:19 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"To infinity.......and beyond."

Buzz (Gold Bug) Lightyear

Thu, 02/03/2011 - 13:27 | Link to Comment unwashedmass
unwashedmass's picture

 

JAG....no shortable shares left. time for revenge. time to SQUEEZE....

Thu, 02/03/2011 - 13:27 | Link to Comment unwashedmass
unwashedmass's picture

 

JAG....no shortable shares left. time for revenge. time to SQUEEZE....

Thu, 02/03/2011 - 14:00 | Link to Comment Alex De Large
Alex De Large's picture

Looks like double bottom maybe?

Thu, 02/03/2011 - 13:28 | Link to Comment nope-1004
nope-1004's picture

The market manipulation in silver is so blatantly obvious.

 

Thu, 02/03/2011 - 13:37 | Link to Comment Thomas
Thomas's picture

"(not Doug Kass mind you)"

LOL

Thu, 02/03/2011 - 14:11 | Link to Comment GoinFawr
GoinFawr's picture

"The market manipulation in silver is so blatantly obvious."

Indeud, observe what happens when you let go, even for a fraction of a second, a beachball that you've been working day and night to pull deeper and deeper underwater.

Thu, 02/03/2011 - 14:49 | Link to Comment Oh regional Indian
Oh regional Indian's picture

My favourite analogy GoinF.

Not a pretty picture, Mervyn King, Dominique SK, Benbabwe and Blythe.....riding herd on Silver.

Silver's moonshot will leave the most hardened of us smiling.

It's just not that time yet.

ORI

http://aadivaahan.wordpress.com/2011/02/03/my-vision-for-cairo-and-giza-4th-february-2011/

Thu, 02/03/2011 - 14:54 | Link to Comment FatFingered
FatFingered's picture

Beachballs, Bitches.

Thu, 02/03/2011 - 13:43 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Our country, into the ground!!

Thu, 02/03/2011 - 13:19 | Link to Comment bankrupt JPM bu...
bankrupt JPM buy silver's picture

Only so much they can do now...see my blog for more details folks...

http://silvergoldsilver.blogspot.com/

Thu, 02/03/2011 - 13:44 | Link to Comment duo
duo's picture

FOFOA called it to the day.  Gotta hand it to him.

Looking at my order for Krugs locked in at $1328 earlier this morning.  Time to head to the bank.

Thu, 02/03/2011 - 14:18 | Link to Comment Clayton Bigsby
Clayton Bigsby's picture

Margin call, son!

Thu, 02/03/2011 - 14:38 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Isn't that the sound Sputnik made????

 

To da moon Alice

Thu, 02/03/2011 - 13:10 | Link to Comment Cleanclog
Cleanclog's picture

Hormuz?  Yemen? Or just TPTB manipulation?  Glad I've held onto Gold.

Thu, 02/03/2011 - 13:10 | Link to Comment LongSoupLine
LongSoupLine's picture

Eat it Blythe you beotch!

Thu, 02/03/2011 - 13:15 | Link to Comment Bananamerican
Bananamerican's picture

ugly? 

ya gotta let 'em know...

gold aint a bitch o' a ho'...

ma grillz jus' went lock limit down on sumthin pink & fleshy pinky

Thu, 02/03/2011 - 13:16 | Link to Comment High Plains Drifter
High Plains Drifter's picture

I still say we need to pull a zerohedge train on blythe

 

 

Thu, 02/03/2011 - 13:27 | Link to Comment tmosley
tmosley's picture

Do not want.

Thu, 02/03/2011 - 13:32 | Link to Comment downrodeo
downrodeo's picture

I will sit that one out as well. Now if we're talking an old school steam-powered locomotive with a cow catcher, that would be something I could support.

Thu, 02/03/2011 - 14:10 | Link to Comment BigJim
BigJim's picture

I still say we need to pull a zerohedge train on blythe

I might say that as well, if I had any idea what it meant.

Thu, 02/03/2011 - 14:16 | Link to Comment MachoMan
MachoMan's picture

My question is whether it is a rape train or a consensual train...

Thu, 02/03/2011 - 14:52 | Link to Comment downrodeo
downrodeo's picture

In soviet America, Blythe runs train on you! What a country!

Thu, 02/03/2011 - 14:55 | Link to Comment Temporalist
Temporalist's picture

I believe according to the Daily Show's Kristen Schaal it is "rape-ish."

http://www.thedailyshow.com/watch/wed-february-2-2011/rape-victim-aborti...

Thu, 02/03/2011 - 13:38 | Link to Comment Gutenburg
Gutenburg's picture

Only with a strap on!

Thu, 02/03/2011 - 13:39 | Link to Comment tmosley
tmosley's picture

Still might melt your dick off.

Just sayin'.

Thu, 02/03/2011 - 16:27 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Oh come on now. Is it weaponized?

Thu, 02/03/2011 - 13:38 | Link to Comment Gutenburg
Gutenburg's picture

Only with a strap on!

Thu, 02/03/2011 - 14:14 | Link to Comment MachoMan
MachoMan's picture

I'd hit it...  with a whiffle ball bat

Thu, 02/03/2011 - 14:54 | Link to Comment Max Hunter
Thu, 02/03/2011 - 14:39 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

That, High Plains, would be bestiality.

Thu, 02/03/2011 - 16:30 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Oh come on now. There is no such thing as bad p.....?  Haven't you ever heard that before?  You guys are picky......Have a couple more drinks and then take another look. Hey go to bed at 2 with a 10 and wake up at 10 with a 2.....You got to believe!!!!!!!

Thu, 02/03/2011 - 13:11 | Link to Comment misterc
misterc's picture

Finally. So happy that The Turd seems not having to shut down his blog :-)

Thu, 02/03/2011 - 17:28 | Link to Comment Cathartes Aura
Cathartes Aura's picture

me too, less of the gang rape male bonding fantasies whenever the metals move up, unlike here.

seriously, CogDiss could do a post on the correlation between gold charts moving up, and male gang-rape fantasies, it's pretty consistent for some of the dudes here - the ole "money is power" meme?  or is it just "I love you bro' - let's go fuck someone up"?

Thu, 02/03/2011 - 13:11 | Link to Comment bania
bania's picture

"Is that Wednesday' gold price in your pocket or are you just happy to see me"

Thu, 02/03/2011 - 13:12 | Link to Comment Jim in MN
Jim in MN's picture

Do you really want to huuuuurt meeeee

Do you really want to make me cryyy

Thu, 02/03/2011 - 13:12 | Link to Comment LoneStarHog
LoneStarHog's picture

I guess people figured out that if you can eat FAKE RICE, you can alsao eat GOLD!

Thu, 02/03/2011 - 13:14 | Link to Comment cswjr
cswjr's picture

Lol.  At least gold covers the 'minerals' part of 'vitamins and minerals'.

Thu, 02/03/2011 - 13:30 | Link to Comment jmc8888
jmc8888's picture

ROFL @ minerals

But of course Glass-Steagall is better than betting on either side (as both are wrong).  As gold at 1 million an ounce will be great for the owner on paper, the rest of the world however, would collapse. 

17 trillion debt gone overnight.  Why print money, when you can destroy fraudulent debt?

 

Thu, 02/03/2011 - 14:18 | Link to Comment dogbreath
dogbreath's picture

mfkzt - google it

Thu, 02/03/2011 - 14:44 | Link to Comment SilverFiend
SilverFiend's picture

Indiana Jones was right!

Thu, 02/03/2011 - 13:12 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

Wait, Robo said it was being thrown overboard...

LOL

Thu, 02/03/2011 - 13:16 | Link to Comment bania
bania's picture

thrown overboard but tethered to a rocketship

Thu, 02/03/2011 - 13:40 | Link to Comment AccreditedEYE
AccreditedEYE's picture

So did Spaulding... we'll cut them some slack as they both have gnat-like attention spans.

Thu, 02/03/2011 - 13:48 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

I should give Robo some slack...he is busy buying up Estee Lauder on a break out.

LOL

Thu, 02/03/2011 - 14:00 | Link to Comment lieutenantjohnchard
lieutenantjohnchard's picture

it's only fitting for robo to buy este lauder. he uses a ton of makeup when he dons his yoga tights to spend an evening with the girls.

Thu, 02/03/2011 - 14:44 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

So your saying the bottom is in ?

Thu, 02/03/2011 - 15:18 | Link to Comment JonNadler
JonNadler's picture

your bottom is in.....in the meat grinder

Thu, 02/03/2011 - 13:15 | Link to Comment FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Don't forget the poor man's gold too, silver. That hit the bid also at the same time.

Thu, 02/03/2011 - 13:13 | Link to Comment New Survivalist
New Survivalist's picture

Ladies and Gentlemen,

 

Gold . . . bitchez.

Thu, 02/03/2011 - 13:14 | Link to Comment FoieGras
FoieGras's picture

What about the seller of those 1800 options? Did he also know something? Oh wait he's delta hedged. Isn't he?

Thu, 02/03/2011 - 13:28 | Link to Comment HUGE_Gamma
HUGE_Gamma's picture

a bunch of nigerian miners are just looking to have a clear revenue forcast

Thu, 02/03/2011 - 13:13 | Link to Comment repete
repete's picture

The Bernank just figured out that cheap gold and silver allow the Chinese to exit their treasuries more easily. 

Thu, 02/03/2011 - 13:13 | Link to Comment Just Observing
Just Observing's picture

Ugly is good.  I can live with Ugly....heck, I DID live with Ugly until I sent her packing......

Thu, 02/03/2011 - 13:14 | Link to Comment umop episdn
umop episdn's picture

From my lowly point of view, I see nothing ugly about this at all. It's rather nice, in fact. Burn, bankster paper, burn!

Thu, 02/03/2011 - 13:15 | Link to Comment Glasgow Gary
Glasgow Gary's picture

Things could get very, very ugly on the upside here because all we've seen the first 5 weeks of 2011 is long-side liquidation but with massive buying on weakness. Meanwhile, the physical markets are tightening which of course is always the assertion but this time, right now, it's true. Silver market in particular is tight on physical supply.

Best way to describe current juncture in gold and silver markets: as price goes lower, supply dries up.

GG

Thu, 02/03/2011 - 13:26 | Link to Comment Henry Chinaski
Henry Chinaski's picture

Yah.  You can tell the price has bottomed out when there is none available to buy.

Thu, 02/03/2011 - 13:18 | Link to Comment HamyWanger
HamyWanger's picture

You can't eat gold... I feel sorry witnessing the folly of crowds, buying this useless yellow metal.

Thu, 02/03/2011 - 13:21 | Link to Comment raya123
raya123's picture

You can't eat POMO inflated stocks, either.

Thu, 02/03/2011 - 13:32 | Link to Comment william the bastard
william the bastard's picture

No you sell stocks for profit. You don't hold stocks for doomsday.

Thu, 02/03/2011 - 13:51 | Link to Comment asdasmos
asdasmos's picture

Nominal or real profit?

Thu, 02/03/2011 - 13:22 | Link to Comment Spastica Rex
Spastica Rex's picture

Check.

Check.

Is this thing on?

Thu, 02/03/2011 - 13:24 | Link to Comment Pladizow
Pladizow's picture

Please ZH'ers

 

DONT ENGAGE THE DOUCHE - hamy wnager

Thu, 02/03/2011 - 13:26 | Link to Comment raya123
raya123's picture

You're not the moderator here.

Thu, 02/03/2011 - 13:33 | Link to Comment Muir
Muir's picture

OFFICIAL communique:

 

I want to state my OFFICIAL protest that I was plagiarized.

 

 

 

Muir

12:34 EST

Thu, 02/03/2011 - 13:49 | Link to Comment GoinFawr
GoinFawr's picture

We missed you Muir, both of you, welcome back.

Thu, 02/03/2011 - 14:43 | Link to Comment JustPrintMoreDuh
JustPrintMoreDuh's picture

+2 avatar

Thu, 02/03/2011 - 14:01 | Link to Comment Hulk
Hulk's picture

Hamy is no douche, Hamy is an Anti-Troll. What don't you people get about this???

Thu, 02/03/2011 - 14:29 | Link to Comment AccreditedEYE
AccreditedEYE's picture

He can also be called a, ahem, "Jack Wagon" as was so well put yesterday. LOL

Thu, 02/03/2011 - 15:35 | Link to Comment seek
seek's picture

It's like everyone's sarcasm detector is broken. I think Hamy (and the other wanker derivatives) are freaking hilarious with how over-the-top the parody is, but only a select few seem to be picking up on the joke here.

The recent paraody of hiring in the twin cities had me in tears, and practically no one got the joke!

Thu, 02/03/2011 - 14:32 | Link to Comment SheepDog-One
SheepDog-One's picture

I like Hamy Wanger, genius!

Thu, 02/03/2011 - 13:26 | Link to Comment Central Wanker
Central Wanker's picture

Wrong. You can eat gold. You just will be shitting gold as well. That's its beauty: it cannot be converted into crap by the system.

Thu, 02/03/2011 - 14:14 | Link to Comment BigJim
BigJim's picture

:-)

Thu, 02/03/2011 - 13:56 | Link to Comment downrodeo
downrodeo's picture

because government controlled fiat paper is so much more valuable? C'mon. It is all a mindset. "The full faith and credit of the United States" really doesn't mean what it used to anymore. What about those of us who buy precious metals as a rejection of FRNs and the abuses of the Fed that span decades? Are we demonstrating our group-think folly through this little protest?

 

Some day, I hope that we can realize how much damage is caused by divorcing ourselves from our principals and beliefs in order to make a buck. Economics teaches us that there is no right or wrong, there is only what is. Maybe this notion has hurt us more than it has helped us, despite any monetary profits.

 

Edit: Goddamnit Hamy. You got me again! I need to use more attention...

Yourself, Harry Wanqer, and the real deal Wanger remind me of spiderman, venom, and carnage. I'll leave you to figure out who is who.

Thu, 02/03/2011 - 14:20 | Link to Comment SheepDog-One
SheepDog-One's picture

But I can eat ham!

Thu, 02/03/2011 - 16:55 | Link to Comment Campagnolo
Campagnolo's picture

Hamy please, don't bother anymore...FRN's will be replace in some pointe and we/world will get a new USTreasure dollar, back on what?..you are right!, Gold and precious metals and others commodities. The minimum target for gold is at the moment somenthing around $3,000 oz...silver $150...it is just a matter of time (and too much) for the announcement. Make yourself a favor and buy gold or, if your budget is tight, silver.

Thu, 02/03/2011 - 13:17 | Link to Comment AladdinSaneGirl
AladdinSaneGirl's picture

Eeekkk! Glad i held on to all mine...

Thu, 02/03/2011 - 13:17 | Link to Comment sheeple
sheeple's picture

go silver!!!!!!!

I can't eat that too!!! SILVER SILVER SILVER

Thu, 02/03/2011 - 13:21 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

While I can't eat Silver, I can use my Silver spoon to feed myself.

Gruel anyone?

Thu, 02/03/2011 - 13:25 | Link to Comment Pladizow
Pladizow's picture

Colloidal Silver?

Thu, 02/03/2011 - 13:29 | Link to Comment sheeple
sheeple's picture

is that a silver bra?

SILVER SILVER SILVER

Thu, 02/03/2011 - 15:30 | Link to Comment Rotwang
Rotwang's picture

You have my compliment.

Can make it. Not light sensitive.

Thu, 02/03/2011 - 13:30 | Link to Comment sheeple
sheeple's picture

awaiting your next article CD...

Thu, 02/03/2011 - 17:20 | Link to Comment RockyRacoon
RockyRacoon's picture

And damn fine articles they were!

Thu, 02/03/2011 - 13:18 | Link to Comment gold mining ceo...
gold mining ceos are idiots's picture

who is the rumored buyer??????? of the 1800 line?

Thu, 02/03/2011 - 15:41 | Link to Comment Geoff-UK
Geoff-UK's picture

Me, if that's the only seller.

Thu, 02/03/2011 - 13:18 | Link to Comment ms1408
ms1408's picture

Don't get too excited guys - fast money hasn't given us sheep the buy signal yet. Just wait till it's $10,000/oz and it might be time. 

Thu, 02/03/2011 - 13:20 | Link to Comment ms1408
ms1408's picture

*

Thu, 02/03/2011 - 13:19 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

Long is watching the big wheels not the little ones.

 

Thu, 02/03/2011 - 13:19 | Link to Comment jus_lite_reading
jus_lite_reading's picture

$20 in 20 is the "box me in and withdraw all your cash from the bank" signal the world has been waiting for. Now can we see silver pop $20 in 20 as well? GAME OVER FOR THE FRAUDS ON WHORE STREET!

Thu, 02/03/2011 - 13:19 | Link to Comment Hephasteus
Hephasteus's picture

That's not good. If they had gotten it down to 1288 support I would have been alot happier. Game will be over sooner than we think.

Thu, 02/03/2011 - 13:28 | Link to Comment Slipmeanother
Slipmeanother's picture

100% agree

Thu, 02/03/2011 - 13:40 | Link to Comment GoinFawr
GoinFawr's picture

100% need to ask: Which 'game' will be 'over'?

Thu, 02/03/2011 - 14:13 | Link to Comment Hephasteus
Hephasteus's picture

The pretending not to be broke game. If gold stops dipping for extended periods of time. It's game over. Don't you guys read thoughts from another?

2/3rds of the states likely just declared disaster area status from having a foot of snow dumped on them and governments gotta dump thier crash gold program and print like crazy. Stupid states can't even afford salt right now and half of them have thier roads all torn to shit for "shovel ready projects."

Thu, 02/03/2011 - 14:22 | Link to Comment GoinFawr
GoinFawr's picture

Thanks for clarifying: 100% agree.

Thu, 02/03/2011 - 14:45 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

I'm feeling very sorry for the muni holders. In fact, I just cried. 

Thu, 02/03/2011 - 15:07 | Link to Comment Temporalist
Temporalist's picture

Max Keiser says to go long pickle juice:

http://tiny.cc/586ye

 

 

Thu, 02/03/2011 - 13:19 | Link to Comment chet
chet's picture

Parabola bitches

Thu, 02/03/2011 - 13:28 | Link to Comment Hephasteus
Hephasteus's picture

Parabola's need a x axis. That's a LINE.

Thu, 02/03/2011 - 13:20 | Link to Comment tmosley
Thu, 02/03/2011 - 13:19 | Link to Comment mule65
mule65's picture

Gold has just surged by 1.5% in minutes -- yawn.

Thu, 02/03/2011 - 13:20 | Link to Comment glenlloyd
glenlloyd's picture

Was there really any doubt that this would happen?

Thu, 02/03/2011 - 13:20 | Link to Comment iota
iota's picture

Oh man, twitchy fingers everywhere.

http://www.youtube.com/watch?v=2LTsvOHq3xc

Currently being played out in front of terminals worldwide.

Thu, 02/03/2011 - 13:21 | Link to Comment jus_lite_reading
jus_lite_reading's picture

I'm thinking about having my assistance walker plated in gold and buying up all the rice visible!

Thu, 02/03/2011 - 13:21 | Link to Comment topcallingtroll
topcallingtroll's picture

Yawn....wake me up if it hits 1380

Thu, 02/03/2011 - 13:26 | Link to Comment Pladizow
Pladizow's picture

Your nap may be cut short!

Thu, 02/03/2011 - 13:32 | Link to Comment GoinFawr
GoinFawr's picture

"Nasty cut you've got there little Alex; shame, spoils all your beauty..."

http://www.youtube.com/watch?v=1XxJTlGXoig

Thu, 02/03/2011 - 13:23 | Link to Comment lsbumblebee
lsbumblebee's picture

The day before BLS? The creative writing department better come up with a "better-than-expected" jobs report.

Thu, 02/03/2011 - 13:29 | Link to Comment Larry Darrell
Larry Darrell's picture

Perhaps gold is already trading off of the BLS number.  Perhaps it was leaked and was so horrid that the ponzi whores are now rushing for the exit.

Thu, 02/03/2011 - 13:23 | Link to Comment rosiescenario
rosiescenario's picture

...silver had quite a move, too. The chart today fits the same pattern as the one on Feb. 1st....no idea what that means, but it is odd.

Thu, 02/03/2011 - 13:24 | Link to Comment misterc
misterc's picture

I wonder what amount of money has to moved to provoke a 1% increase in the price of Gold.

Does anybody have an idea?

Thu, 02/03/2011 - 13:45 | Link to Comment reload
reload's picture

variable:markets move up and down with differing volume traded. Generally a big volume move is a better indication of the direction being maintained, unless it is `a blow off top - or bottom` This is not a `blow off`.

Thu, 02/03/2011 - 13:53 | Link to Comment misterc
misterc's picture

Sure, I mean given today's volume.

Thu, 02/03/2011 - 13:25 | Link to Comment jmc8888
jmc8888's picture

Why go through hyperinflation when Glass-Steagall will take out 17 trillion of today's debt (thus no 100 trillion monster a few decades from now). (which is of course why those numbers are always silly, even if you know if the fed left alone would print it)

Yes 1 million per oz. gold, more than the amount of ounces of food in America one day, or glass-steagall?  It's really that simple. Hyperinflation or Hypercrunch (but yes hyperinflation is the fed's tool so only removing them would switch it the other way)....BUT....Glass-Steagall avoids either.  No hyperinflation, no hyperdeflation.  Get out from the two black holes of debt/derivatives and monetary printing. 

Who needs uncle sam when you got Uncle ben.  Oh wait, he's the TBTF uncle, not yours.

Glass-Steagall is all that matters.  Except for Nero to be thrown out.  C'mon my fellow dems, throw out the monetarist bum.  It's called INCAPACITATION...due to being MENTAL and not coherent enough to know the TRAIN of MONETARISM...has jumped the shark and Big Ben's (and the QoE) printing will lead us to hyperinflation.  So you all DO REALIZE that ANY president engaging in hyperinflation monetary printing can be legitimately removed under the 25th ammendment right?

So sack it up and throw nero out.

America can do much better than the monetarists know as Barack Paul. The Keynesian Austrian, and inherently anti-american.

 

 

Thu, 02/03/2011 - 13:47 | Link to Comment Saxxon
Saxxon's picture

Unintelligible.

Thu, 02/03/2011 - 14:18 | Link to Comment BigJim
BigJim's picture

I'm absolutely sure you know exactly what it is you're trying to communicate. But I don't.

Thu, 02/03/2011 - 14:55 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

He's sad because Jonathan Livingston Steagull was killed when he flew into a plate Glass window.

Thu, 02/03/2011 - 15:22 | Link to Comment MagicHandPuppet
MagicHandPuppet's picture

This is the mess that happens to a brain when one tries to take Lyndon LaDouche seriously.

Thu, 02/03/2011 - 13:25 | Link to Comment Sean7k
Sean7k's picture

Why now? JPM has been hammering on PM's for weeks. Has it all been positioning? Little profit making to make up for losses on shorts?

BM knows the goldbugs aren't going to sell. This is just a paper game to fleece the small traders. How's that GLD treating you now? 

Thu, 02/03/2011 - 13:25 | Link to Comment MonsterBox
MonsterBox's picture

Yeessssss....

up & up until the Markets collapse, then back the truck up for the last time.

end game, baby, end game

is your powder dry?

Thu, 02/03/2011 - 13:26 | Link to Comment Josh Randall
Josh Randall's picture

Some other Dictator and his hoochies may have just tried to leave country with 97 pieces of Gold and Silver Filled luggage again

Thu, 02/03/2011 - 13:26 | Link to Comment dark pools of soros
dark pools of soros's picture

cheers to all who bought last week!!!! silver rising on the PM sites as well

Thu, 02/03/2011 - 13:28 | Link to Comment HarryWanger
HarryWanger's picture

Hat tip to ZH on this one. As I say, the reason I come to this site is for info you can't find anywhere else, you just have to wade through the sensationalism at times.

Thanks also for the breaking news a couple of weeks ago on Tunisia and how you thought it would spread to Egypt. That info made me buy oil and sure enough, Egypt erupted a couple of days later.

Gotta give credit where credit is due.

Thu, 02/03/2011 - 13:39 | Link to Comment jus_lite_reading
jus_lite_reading's picture

The real H/T goes to Leo Kakalakas and his incredible SOLAR/GREEK BANK stock tips. Thank you for providing the timely info!

H/T to Harry for providing the great tip on Home Decor stocks which as you can tell, the whole world is just going mad over home decor. Who needs rice when you've got pleated blinds and styrofoam sconce lights?!

BTW Harry, I'm selling 5lb bags of white rice for $9k/bag if you're hungry... I mean if you're interested.

Thu, 02/03/2011 - 13:40 | Link to Comment Ragnarok
Ragnarok's picture

What do you think about shorting the BSE as India fights inflation and its proximity to Pakistan?

Thu, 02/03/2011 - 14:22 | Link to Comment BigJim
BigJim's picture

Alright, I give up. How do I short Bovine Spongiform Encephalopathy?

AND I thought Hindus didn't eat cattle? I'm confused.

Thu, 02/03/2011 - 13:48 | Link to Comment Bay of Pigs
Bay of Pigs's picture

And you sold all your gold right Harry? What will you say when gold is a double or triple from here?

Sensationalism? How about a little history lesson for you and some of the other gold bears.

Prof. Fekete explains,

"The root cause of the Great Financial Crisis was not deregulation, excess pay of banking executives and poor risk management, not even collateralized debt obligations, subprime mortgages or loose credit standards. The root cause reaches back to August 15, 1971, when the Nixon-Friedman conspiracy knocked out the corner-stone of the edifice of the nation’s and the world’s financial system, the gold bond. (Before 1971 the debt of the U.S. held by foreign governments and central banks was gold-bonded.) The remedy is obvious: refinance debt in terms of gold bonds."

http://news.goldseek.com/GoldSeek/1296748800.php

Thu, 02/03/2011 - 14:06 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

The public ignorance with regard to precious metals is incredible...most do not understand the metals are reacting to monetary liquidity and currency uncertainty in the market...people think gold operates in a vacuum and conclude there must be a bubble because of the price.

Thu, 02/03/2011 - 15:38 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 

antal sure nailed it didn't he?

he gives baghdad by the bay a reason to be proud.

with the deleterious difi and the dreaded doe-eyed pelosi, such help is despe-rat-ely needed!

when the banksters fail (oh, right, that was almost 3 years ago, now), we might wanna re-read his stuff about Bills 0' Trade and their role in developing sane commercial practices.

the Giants may be champs, and the niners got the gold, but this pi-rate's been rootin for the A's since charlie0.

got 'roids?

Raider Nation, BiCHeZ!

 

Thu, 02/03/2011 - 15:14 | Link to Comment Temporalist
Temporalist's picture
by HarryWanger
on Sun, 01/30/2011 - 23:57
#919394

 

And oil will get crushed tomorrow. Mark this post

Thu, 02/03/2011 - 13:35 | Link to Comment sbenard
sbenard's picture

This is what a modern-day gold rush looks like!

Thu, 02/03/2011 - 13:36 | Link to Comment jomama
jomama's picture

NOOOOO  i wanted to get my tax return and get another gold eagle and a roll of silver eagles  T_T

Thu, 02/03/2011 - 14:13 | Link to Comment phil silver
phil silver's picture

Fill up the Arc cause the flood is comin.

 

If I had Money, tell you what I'd

Go down town, buy a Walking Liberty or two

Thu, 02/03/2011 - 17:10 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 

jo...mama:  when the goobermint pays back the no-interest loan you were forced to give them, w/ the new green stamps lite, just buy 3 rolls of silver, and some weed.

phil silver:  Sgt. Bilko was my very first guru!

om mani padmy tdy

Thu, 02/03/2011 - 13:37 | Link to Comment I Told YOU So
I Told YOU So's picture

Gold
people I'm with you but please be careful, this could be the 1350-1370 rebound before leg 2 starts down to 1230-1260, (just my opinion)

Thu, 02/03/2011 - 14:01 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

If one understands that gold is simply monie, then it may be charted.  It is now used as a commodity of course due to our technological advances, but this adds to its value. 

Thu, 02/03/2011 - 14:04 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

I agree.  I'm taking a small hedge position in GLL and ZSL right here.  I'm still majority long both gold and silver. 

Thu, 02/03/2011 - 13:38 | Link to Comment Stuart
Stuart's picture

I have confidence in Blythe.  They always find a way. 

Thu, 02/03/2011 - 14:50 | Link to Comment ehildret
ehildret's picture

Pls tell this newbie who Blythe is? Thanks.

Thu, 02/03/2011 - 15:26 | Link to Comment DaddyO
Thu, 02/03/2011 - 15:53 | Link to Comment The_Euro_Sucks
The_Euro_Sucks's picture

Blythe Masters, head commodities trading at JPM. Ringleader of PM suppression. Google sometimes is your friend.

Thu, 02/03/2011 - 13:38 | Link to Comment I Told YOU So
I Told YOU So's picture

Cotton

and keep selling these cotton 180-185 calls, as suggested earlier)

Thu, 02/03/2011 - 13:40 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Gold spiking because of Ben's Pinocchio Factor :-)

Thu, 02/03/2011 - 17:56 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 

no shitsky, CE.

he sure talked HIS book!  i thought:  journalists? in the 4X? naaah! 

must be their owners.

slewie's law:  propaganda, always and everywhere, is a downhill phenomenon, or it wouldn't just go onenon. 

the correlation is a mindfreak!

then i have this thought:  now, remember, when sherlock and moriarty went over the falls, they had to do it, together.

i knew the USD was gonna spike, today:  yest., i bought 3 nice NY steaks @ spaceway, valupak club price, $3.99/lb. down from $10.49. (!)  now, there's some tasty deflationary propaganda, shoppers.

here's gold, about to trampoline off the 120 mda, and for sure, it's gonna drag the damned dollar with it!

 

 

Thu, 02/03/2011 - 13:41 | Link to Comment Quinvarius
Quinvarius's picture

This is what happens when a paper trader presses the button to cover 1 gold contract.

http://www.youtube.com/watch?v=FEgGE81joB8

Do NOT follow this link or you will be banned from the site!