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Gold Break Out In Progress
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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Woot.
Scythe to the Blythe !!
"To infinity.......and beyond."
Buzz (Gold Bug) Lightyear
JAG....no shortable shares left. time for revenge. time to SQUEEZE....
JAG....no shortable shares left. time for revenge. time to SQUEEZE....
Looks like double bottom maybe?
The market manipulation in silver is so blatantly obvious.
"(not Doug Kass mind you)"
LOL
"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.
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/
Beachballs, Bitches.
Our country, into the ground!!
Only so much they can do now...see my blog for more details folks...
http://silvergoldsilver.blogspot.com/
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.
Margin call, son!
Isn't that the sound Sputnik made????
To da moon Alice
Hormuz? Yemen? Or just TPTB manipulation? Glad I've held onto Gold.
Eat it Blythe you beotch!
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
I still say we need to pull a zerohedge train on blythe
Do not want.
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.
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.
My question is whether it is a rape train or a consensual train...
In soviet America, Blythe runs train on you! What a country!
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...
Only with a strap on!
Still might melt your dick off.
Just sayin'.
Oh come on now. Is it weaponized?
Only with a strap on!
I'd hit it... with a whiffle ball bat
Let's see what Peter Griffin thinks..
http://www.youtube.com/watch?v=CenYaQ5LTro&playnext=1&list=PLED4C8751931184EA
That, High Plains, would be bestiality.
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!!!!!!!
Finally. So happy that The Turd seems not having to shut down his blog :-)
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"?
"Is that Wednesday' gold price in your pocket or are you just happy to see me"
Do you really want to huuuuurt meeeee
Do you really want to make me cryyy
I guess people figured out that if you can eat FAKE RICE, you can alsao eat GOLD!
Lol. At least gold covers the 'minerals' part of 'vitamins and minerals'.
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?
mfkzt - google it
Indiana Jones was right!
Wait, Robo said it was being thrown overboard...
LOL
thrown overboard but tethered to a rocketship
So did Spaulding... we'll cut them some slack as they both have gnat-like attention spans.
I should give Robo some slack...he is busy buying up Estee Lauder on a break out.
LOL
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.
So your saying the bottom is in ?
your bottom is in.....in the meat grinder
Don't forget the poor man's gold too, silver. That hit the bid also at the same time.
Ladies and Gentlemen,
Gold . . . bitchez.
What about the seller of those 1800 options? Did he also know something? Oh wait he's delta hedged. Isn't he?
a bunch of nigerian miners are just looking to have a clear revenue forcast
The Bernank just figured out that cheap gold and silver allow the Chinese to exit their treasuries more easily.
Ugly is good. I can live with Ugly....heck, I DID live with Ugly until I sent her packing......
From my lowly point of view, I see nothing ugly about this at all. It's rather nice, in fact. Burn, bankster paper, burn!
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
Yah. You can tell the price has bottomed out when there is none available to buy.
Copper
Not so much.
http://99ercharts.blogspot.com/2011/02/copper_03.html
http://www.zerohedge.com/forum/99er-charts-0
You can't eat gold... I feel sorry witnessing the folly of crowds, buying this useless yellow metal.
You can't eat POMO inflated stocks, either.
No you sell stocks for profit. You don't hold stocks for doomsday.
Nominal or real profit?
Check.
Check.
Is this thing on?
Please ZH'ers
DONT ENGAGE THE DOUCHE - hamy wnager
You're not the moderator here.
OFFICIAL communique:
I want to state my OFFICIAL protest that I was plagiarized.
Muir
12:34 EST
We missed you Muir, both of you, welcome back.
+2 avatar
Hamy is no douche, Hamy is an Anti-Troll. What don't you people get about this???
He can also be called a, ahem, "Jack Wagon" as was so well put yesterday. LOL
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!
I like Hamy Wanger, genius!
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.
:-)
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.
But I can eat ham!
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.
Eeekkk! Glad i held on to all mine...
go silver!!!!!!!
I can't eat that too!!! SILVER SILVER SILVER
While I can't eat Silver, I can use my Silver spoon to feed myself.
Gruel anyone?
Colloidal Silver?
is that a silver bra?
SILVER SILVER SILVER
no but theres silver socks
http://www.sweatguard.co.uk/Silver_Socks/Silver_Socks_Silver_Fibre_Socks?gclid=CJWt9vvP7KYCFRIRfAodmgeHFQ
You have my compliment.
Can make it. Not light sensitive.
awaiting your next article CD...
I've posted two over the last 10 days.
http://www.zerohedge.com/article/flim-flam-men
http://www.zerohedge.com/article/where-have-all-zero-hedge-veterans-gone-long-time-passing
And damn fine articles they were!
who is the rumored buyer??????? of the 1800 line?
Me, if that's the only seller.
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.
*
Long is watching the big wheels not the little ones.
$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!
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.
100% agree
100% need to ask: Which 'game' will be 'over'?
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."
Thanks for clarifying: 100% agree.
I'm feeling very sorry for the muni holders. In fact, I just cried.
Max Keiser says to go long pickle juice:
http://tiny.cc/586ye
Parabola bitches
Parabola's need a x axis. That's a LINE.
Ugly to these guys maybe: http://tommcmahon.typepad.com/photos/uncategorized/2008/07/04/twzeye2.jp...
Gold has just surged by 1.5% in minutes -- yawn.
Was there really any doubt that this would happen?
Oh man, twitchy fingers everywhere.
http://www.youtube.com/watch?v=2LTsvOHq3xc
Currently being played out in front of terminals worldwide.
I'm thinking about having my assistance walker plated in gold and buying up all the rice visible!
Yawn....wake me up if it hits 1380
Your nap may be cut short!
"Nasty cut you've got there little Alex; shame, spoils all your beauty..."
http://www.youtube.com/watch?v=1XxJTlGXoig
The day before BLS? The creative writing department better come up with a "better-than-expected" jobs report.
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.
...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.
I wonder what amount of money has to moved to provoke a 1% increase in the price of Gold.
Does anybody have an idea?
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`.
Sure, I mean given today's volume.
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.
Unintelligible.
I'm absolutely sure you know exactly what it is you're trying to communicate. But I don't.
He's sad because Jonathan Livingston Steagull was killed when he flew into a plate Glass window.
This is the mess that happens to a brain when one tries to take Lyndon LaDouche seriously.
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?
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?
Some other Dictator and his hoochies may have just tried to leave country with 97 pieces of Gold and Silver Filled luggage again
cheers to all who bought last week!!!! silver rising on the PM sites as well
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.
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.
What do you think about shorting the BSE as India fights inflation and its proximity to Pakistan?
Alright, I give up. How do I short Bovine Spongiform Encephalopathy?
AND I thought Hindus didn't eat cattle? I'm confused.
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
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.
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!
on Sun, 01/30/2011 - 23:57
#919394
And oil will get crushed tomorrow. Mark this post
This is what a modern-day gold rush looks like!
NOOOOO i wanted to get my tax return and get another gold eagle and a roll of silver eagles T_T
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
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
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)
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.
I agree. I'm taking a small hedge position in GLL and ZSL right here. I'm still majority long both gold and silver.
I have confidence in Blythe. They always find a way.
Pls tell this newbie who Blythe is? Thanks.
Try this...
http://en.wikipedia.org/wiki/Blythe_Masters
DaddyO
Blythe Masters, head commodities trading at JPM. Ringleader of PM suppression. Google sometimes is your friend.
Cotton
and keep selling these cotton 180-185 calls, as suggested earlier)
Gold spiking because of Ben's Pinocchio Factor :-)
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!
This is what happens when a paper trader presses the button to cover 1 gold contract.
http://www.youtube.com/watch?v=FEgGE81joB8