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Gold Closes At All Time High Of $1,435 As Stocks Break 7 Month "First Day Up" Winning Streak
Even as gold closed at all time highs, and silver surged to a fresh 31 year closing high, the most important observation is that the market snapped the critical 7 month winning streak of major surges on the first day of the month (we will provide an update on this shortly). This means that all lemming momentum chasers are now blind deaf and mute, with no orientation in a suddenly very unfriendly stock market. In the meantime, all those who continue to believe that with oil over $100 the biggest winners will be gold and silver, are, for the time being correct. The attached charts confirm it.
Gold:
Silver:
And here is what the volume of the "stock market" looks like on up and down days. Note the correlation:
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Frippy, I for one take a GREAT deal of perverse pleasure at witnessing the squirming and writhing of the deflationary flat-earthers as they are confronted by the obvious and undeniable fact of steep, economy-wide price increases.
Schadenfreude, beetchez!
Justice and righteous vengeance, Procyon lotor!
Tyler, please note 76 Federal Register 10234 (Feb. 24, 2011) re: commodity that cannot be eaten.
Hmm, I noticed that said gobbledy-gook mentions nothing about Silver, Pd or Pt!
$1.9810853492 is the total melt value for the 1942-1945 silver nickel on March 01, 2011.
bout time to buy that whizbang metal detector wife keeps harping for...
Paging yipcarl and his $500 gold. Come in Carl...
http://www.zerohedge.com/article/gold-takes-one-german-fin-min-comments#...
When this leveraged PM bull turns into a "Physical Mania Phase" as nobody trusts anything or anyone.
Thats when it moves "BIG"
Your starting to see the media filled with shortages, news and rumors more and more everyday confirming this.
Ha i was right, the middle eastern oil barrons taking out a put on oil.
They are gonna send that output down to a dribble...
Gold will go into orbit as will silver.
silver from 4.00 to 35.00
gold from 300 to 1450
and some are still wanting to know when they should buy lol
like when you got the dough,
where have the bright lights been. its not like the information has not been available for years.
just waking up. from a slumber .
Math man is a disgrace to him self . Any one who practices the slum brain dead man attempt to mislead and distort has a certain place in a Bangladesh sewer line up .. Of new candidates born for the position by his deception in his old life , count on it mathman ,
Life rewards its deeds in many ways , The low life go on to clean the slime pits of tomorrow / And the line is exceeding long, deception goes on to deception. The life of yesterday fills the void of tomorrow.
We walk into the future with either dog poop on our back,, Or we walk with an understanding we tried our very best to be honest with our selves, with others,
the trap we set for the other guy is the trap we fall into, their can be no other way,
as the universe will give us the life we live as we paint the outline of our own selves.
fade to black
confiscation. A non issue
Hit it out of the park, dumpster. Ah, remember the good ole days when we ragged on Johnny Bravo... I yearn for a worthy opponent again. Not this current crop of shit-for-brains.
Well done wise one!
Dumpster,
I remember well people saying I had "missed the top" when gold fell from over $1000 to $690 in 2008. I knew it was gut check time, but I wasn't panicked. Hardened Goldbugs know the routine, and why that happened. Probably (almost certainly) will happen again, but at much higher levels.
What I see now today is totally different from the past uplegs. People are now SCARED. I sense PANIC BUYING coming. This means UP, and WAY UP.
Too bad it took ten years for many of them to finally see the light.
I am completely done with the Meth Heads and Billy Bastards on this blog. I say fuck em. They can't be helped.
Nor should they be. Think of it as financial Darwinism.
Success, and truth, are the best revenge.
Meth Man could just be a Psy-op of some sort, or an A.I. program...
CFTC is trying to target HFT's now. It seems they have no problem when the market melts up, but as soon as gold and silver catch up-- it now becomes a 'regulatory priority'. More like their banking masters aren't happy with the recent rise in prices in the PM's. Be on the look out for possible attacks and raids on the metals this week.
Poor young misguided Johnny Bravo, he really had it goin on with all his statist Keynesian insights...and Harry Wanger, his glass was always three quarter full...I do miss them so...sorry, I guess I'm just waxing nostalgic now ;-)
http://www.youtube.com/watch?v=_YoQbKWTNLo
I wouldn't be at all surprised if one day we find that almost all official gold holdings are just a pile of paper and that the little that is actually physical has been levered a few thousand times into paper. The little guy from europe to the middle east, to india and vietnam, austrailia to argentina have, over the last 20 or so years, saulted away 99% of the physical ever mined by man. If the quadrillions of worthless fiat and derivitives were to be converted to physical, because of a black swan event, the ensuing panic enormous.
Get physical now.
sorry Now that Cramer is a want-to-be conductor to the Gold train...I just got short GLD..Still long silver physical....But if uber idiot Jimmy is pounding the cement...count me gone...
Yah Yah...
Cramer pitches Gold Stocks, should we sell now? No, just BTFD. http://aucanary.blogspot.com/2011/03/cramer-pitches-gold-stocks-should-we.html
Didn't you hear The Chairsatan Benjamin? There is not enough gold to provide reserves for all the papering work the Fed has accomplished. Perhaps he need to read a few books off the shelves at Von Mises -- that BS statement is covered in the introduction to Gold and Sound Money 101. Is the Bernank just a bad actor, I can't beleive he would be so stupid and ill equiped with those sort of half assed kindergarden answers. Maybe ChairSatan Greenspan could come over to his house a couple nights a week and tutor him.
The English have a saying: "Too clever by half.", meaning someone pretending to be smarter than they really are and falling into their own hubris!