This page has been archived and commenting is disabled.

Gold For December 2016 Delivery At $1,709.90

Tyler Durden's picture




 

Good news: at least it is not in backwardation. We wonder how long before Bernanke uses that excuse in a public tribunal.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 04/05/2011 - 11:39 | 1137045 unwashedmass
unwashedmass's picture

 

bennie boy, time to type the resignation.

Tue, 04/05/2011 - 12:04 | 1137246 EscapeKey
EscapeKey's picture

Sorry for hijacking this, but I though there might some interest in this:

 

Peter Schiff & Ron Paul are todays guests on Alex Jones.

Tue, 04/05/2011 - 12:10 | 1137286 Horatio Beanblower
Horatio Beanblower's picture

...and Bernard von Nothaus.

 

Quite a line up.  

Tue, 04/05/2011 - 13:09 | 1137615 Ahmeexnal
Ahmeexnal's picture

Some lineup. Why didn't they invite Lyndon LaRouche?

Tue, 04/05/2011 - 13:15 | 1137643 apartofthings
apartofthings's picture

Actually, one of his colleagues was on the show a few days ago. They're trying to get LaRouche on in the next week or so.

Tue, 04/05/2011 - 14:26 | 1137954 asdasmos
asdasmos's picture

Sprott or QE3 being priced in?

Tue, 04/05/2011 - 20:17 | 1139185 ZapBranigan
ZapBranigan's picture

Schiff and Paul's stock just went way down. (Junk away but AJ is a loudmouth, immature, status-seeking, fearmongering, juvenile horse's ass.  It's a real shame so many people follow that fuckbag.)

Tue, 04/05/2011 - 13:33 | 1137727 Pladizow
Pladizow's picture

The original Ron Paul, Merrill Jenkins, in 1971 wrote the book - Money: The Greatest Hoax on Earth.

Merrill was a man well before his time.

http://www.youtube.com/watch?v=pLwh9eMvcuc

Tue, 04/05/2011 - 12:14 | 1137310 Freebird
Freebird's picture

Tribunal or trial?

Tue, 04/05/2011 - 13:09 | 1137624 CPL
CPL's picture

Tribunal?  Resignation?

 

He won't be so lucky.  It'll be an open faced execution.  The mob may never understand his policies but they'll certainly understand how to quarter a man with an axe.

Wed, 04/06/2011 - 01:33 | 1139866 StychoKiller
StychoKiller's picture

"An axe!  That takes me back..." -- Grand-Mama Addams, "Addams-Family Values"

Tue, 04/05/2011 - 11:47 | 1137056 Robot Traders Mom
Robot Traders Mom's picture

@ Tyler---Fucking hillarious!!!

Not only does ZH have the best information, the humor is dry and it reads like Deadspin for the financial world.

Well done.

Tue, 04/05/2011 - 11:41 | 1137062 Bam_Man
Bam_Man's picture

Ha ha. Like there will even be gold available for delivery (at any price in $US) in 2016.

Tue, 04/05/2011 - 11:56 | 1137151 Cash_is_Trash
Cash_is_Trash's picture

Conductor Ben: All aboard the QE-bound express train.. We're pulling out all the stops.. Destination: Serfdom

Tue, 04/05/2011 - 14:34 | 1137189 DosZap
DosZap's picture

8

Tue, 04/05/2011 - 12:01 | 1137201 Thomas
Thomas's picture

Gold's a bubble. Sell the spikes (STS)! (I would buy, however, if I wasn't up to my ass in the stuff already. The problem that I can't seem to resolve is that I still can't eat the stuff.)

Tue, 04/05/2011 - 12:11 | 1137292 knukles
knukles's picture

New and Improved Fiat Diet.
Try consuming the proportionate amount of pennies, nickles, dimes and quarters.  And if that don't work...... 
Oh, never mind.   :)

Tue, 04/05/2011 - 22:08 | 1139494 sullymandias
sullymandias's picture

The nickels and pennies are worth keeping. Melt > Face. Plenty of pre-1982 pennies still in circulation. I don't bother to sort them out. I'm betting there will be plenty of machines to do that in the future.

http://www.coinflation.com/

Tue, 04/05/2011 - 12:33 | 1137410 bbbilly1326
bbbilly1326's picture

If you'll give me your gold, I'll see that you get fed regularly........

Tue, 04/05/2011 - 12:41 | 1137416 bbbilly1326
bbbilly1326's picture

double post ...sorry

Tue, 04/05/2011 - 18:35 | 1138904 Infinite QE
Infinite QE's picture

Is Yogi still short silver from $8???

Tue, 04/05/2011 - 12:01 | 1137204 Bam_Man
Bam_Man's picture

And when the dumbass "you can't eat gold" crowd finally figures this out, then you will see the mother of all backwardations.

Tue, 04/05/2011 - 12:34 | 1137419 jus_lite_reading
jus_lite_reading's picture

Exactly! Thats why you buy now! we all know the financial world is doomed. watch the moie Dr. Zhivago.

Tue, 04/05/2011 - 13:34 | 1137742 Dr. No
Dr. No's picture

Its brilliant.  Its like selling 100 year bonds.  Get the cash.  Let the bond holder come knocking on your door in a 100 years to collect.  no one home.  Same for gold in 2016.

Tue, 04/05/2011 - 11:43 | 1137065 Cash_is_Trash
Cash_is_Trash's picture

It's coming down at a faster rate than ever before.

Volckeresque interest rates won't stop this freight train going QE^3 mph.

Tue, 04/05/2011 - 12:00 | 1137193 SheepDog-One
SheepDog-One's picture

QE3, if there is one which I dont believe, will be a total faceplant!

Tue, 04/05/2011 - 12:04 | 1137227 Cash_is_Trash
Cash_is_Trash's picture

In Jim Rickards piece on KWN, he says the stock is the flow.

Meaning the fed balance sheet is large enough to perpetuate a stealth QE, or as most of would like to call it: backdoor QE.

Tue, 04/05/2011 - 12:21 | 1137344 SheepDog-One
SheepDog-One's picture

Bullfukinshit. 

Tue, 04/05/2011 - 12:30 | 1137404 Shameful
Shameful's picture

He misses a very bonehead thing.  When those bonds are redeemed and the Fed is payed, well guess what those payments have to come from you guessed it fresh issuance.  so in effect to keep things stable the Fed must roll their purchases.  This keeps them level, problem is the 1.5 Trillion deficit.  All the Fed can do is roll the garbage on it's sheet, unless there is true financial wizardry I'm not sure how the Treasury pays the Fed X dollars and the Fed turns around and gives the Treasury X+ Y dollars without printing more.  Rickards is only right if they balance the budget, which has about as much chance as Stephen Hawking scoring 200 points as at the NBA All Stars game.

Tue, 04/05/2011 - 12:41 | 1137485 romanko
romanko's picture

no need for financial wisardry when it's all opaque and sitting in some "special vehicle"

one-sided entries anyone?

Tue, 04/05/2011 - 13:31 | 1137719 billhilly
billhilly's picture

Shameful, ever since the KWN Rickards interview I have had the same craw stuck in my head but I have ignored it because no-one else has addressed it (at least that I had read), I just thought I was ignorant in some manner.  But now, YES, how the hell could the Fed just roll over existing Ts to continue QE?  The math does not seem to work.  Thanks

Tue, 04/05/2011 - 13:40 | 1137760 Dr. No
Dr. No's picture

If the FED maintained a level balance sheet, there would be no credit expansion since the treasury would only be newly issuing what is matured.  This will crash the system.  Well, its going to crash anyway so there will need to be some games played to make sure the selected scapegoat gets blamed.

Tue, 04/05/2011 - 22:23 | 1139515 sullymandias
sullymandias's picture

So Rickards specifically mentioned mortgage payments on the Fed's books. Some of those mortagees are still making payments. Those payments include some interest and some principal. In regards to the stealth QE, I think he was more focusing on the interest payments, not the principal payments. If both interest and principle are "reinvested", then the balance sheet expands.

Likewise, bond payments include some interest. If you're talking treasury, then yes, the US Treasury has to borrow more money from somewhere to make those interest payments. But the money then goes to the Fed, who can choose to either reinvest it or disappear it.

Tue, 04/05/2011 - 11:43 | 1137066 alien-IQ
alien-IQ's picture

do you have to wear a suit to watch a tribunal? or can I wear my surf shorts and sandals (aka my trading uniform)?

Tue, 04/05/2011 - 12:14 | 1137259 knukles
knukles's picture

Shit man!  When in Rome do as the Romans do.
We can go naked and play with ourselves in public.

Wed, 04/06/2011 - 04:07 | 1139982 Heavy
Heavy's picture

Beat me to it.  I was going to say naked, covered in orange juice and wielding a pitchfork...sigh.  At least we're all enthusiastic.  Additionally: Fair turnabout for us to jerk off while a tribunal puts Ben to a slow bureaucratic painful death?

Tue, 04/05/2011 - 11:41 | 1137067 BobPaulson
BobPaulson's picture

I'm more of an engineer/scientist type: could you tell me where that curve fit comes from? Is that just a semi-log regression fit? Try that one on the human population and you get some cool numbers. 

I aint denying it'll go there, so don't flame me...

Tue, 04/05/2011 - 11:42 | 1137071 falak pema
falak pema's picture

what happens to lady Blythe? Is JPM going to pension her off? Maybe she'll go to Canada...land of the golden pond of pension bubble! aka L.K

Tue, 04/05/2011 - 11:46 | 1137086 prophet
prophet's picture

Must Read?

James Gleick "The Information: A History, a Theory, a Flood."

This one should be good fodder for a couple hundred thousand words time to commence the blogalicious blather and rants and perhaps even read the book.

from bloomberg:

On Gold:

Gleick: Money itself is an information technology. If you take a dollar bill, it’s just a token, an indicator that I have a claim on some amount of value.

People used to think it was worth something in itself because it was made of gold. Even now, we sometimes naively continue to have the illusion that a gold coin has value because gold is somehow precious.

Lundborg: Look at the rising price!

Gleick: Aside from the industrial uses, the dominant source of value for gold is something entirely psychological, because people agree that it stands for something.

It’s really a form of mass hysteria.

On Wall Street:

Gleick: The villainy in the financial sector over the last decade has expressed itself in an increasing abstraction of financial instruments. But it’s not the abstraction in itself. What’s to blame is the lack of regulation and lack of sense in the way it was all handled.

?

http://www.bloomberg.com/news/print/2011-03-08/from-rothschild-pigeons-t...

Anyone care to file a book review?

Tue, 04/05/2011 - 11:56 | 1137176 DosZap
DosZap's picture

It’s really a form of mass hysteria.

 

Yeah wait till his Fortune is devalued 70:1, we'll see who is Hysterical.

Tue, 04/05/2011 - 12:15 | 1137229 hambone
hambone's picture

Yup - it's been dollars, silver, gold, conch shells, wampum, animals, land...all imperfect attempts to act as a store of wealth.  All have been gamed, just some much more than others.  The dollar is one of the biggest cons of all so now folks look for agreement / consensus for real stores of wealth.  Voila gold, stocks, silver, energy, ags, commodities, farm land, RE, CRE...anything hard or with some inflation adjusted value w/ real world practical utility.  None are prefect, none are really that great but some are far worse than others.

Tue, 04/05/2011 - 16:39 | 1138475 Babushka
Babushka's picture

I am from the places and times in wild East where no money but some trades which were made in: petrol, tobacco, beens, canned food, vodka ( the entire universe of values and means)...

Tue, 04/05/2011 - 12:41 | 1137473 SilverRhino
SilverRhino's picture

>> Gleick: Money itself is an information technology. If you take a dollar bill, it’s just a token, an indicator that I have a claim on some amount of value.

He confuses real money with the derivative of real money (fiat currency).  

If it's not intrinsicly valuable it's not REAL money.   

Tue, 04/05/2011 - 14:18 | 1137921 Translational Lift
Translational Lift's picture

I guess people have been hysterical for the last 2500 years......

Tue, 04/05/2011 - 11:46 | 1137088 TruthInSunshine
TruthInSunshine's picture

"Hey Bernank, which lamp post would you like?"

Tue, 04/05/2011 - 11:44 | 1137091 tallen
tallen's picture

Looks like an e^x exponential curve hahaha.

 

QE to the moon!

Tue, 04/05/2011 - 11:47 | 1137095 AldoHux_IV
AldoHux_IV's picture

Politicians will say the fed the is a national treasure and such a trial would be un-patriotic and un-American.  The sheeple will believe them/won't care as Jersey Shore hits 100 episodes and the raping of America will continue unbeknownst to it's slaves.

Tue, 04/05/2011 - 12:05 | 1137249 knukles
knukles's picture

Eureka!

Tue, 04/05/2011 - 11:49 | 1137105 rosiescenario
rosiescenario's picture

...so there are some speculators who take exception to the Mayan calendar?

Tue, 04/05/2011 - 11:49 | 1137107 Zero Debt
Zero Debt's picture

WATCH THIS CURVE.

Tue, 04/05/2011 - 11:50 | 1137113 silvertrain
silvertrain's picture

Hey Tyler,
Brand new Eric Sprott up on King world news fresh right now...

Tue, 04/05/2011 - 11:52 | 1137144 prophet
prophet's picture

That is 250 dollars (why people insist on valuing gold in dollars is still a quagmire working through my mind) in five years.  That is about 3 percent a year - rock on.   

Tue, 04/05/2011 - 12:17 | 1137331 hoyasrule
hoyasrule's picture

very cogent point, i'd bet spx futures out that far probably trade about the same price (ie 18% premium).  it's a function of future interest rates being priced by the market not a directional bet on gold rising to the moon as many on this site believe will happen

Tue, 04/05/2011 - 11:53 | 1137149 DosZap
DosZap's picture

Tyler, misprint?

For 2016?.Maybe Dec 2011?

Think so bud.

Shit we may not be here in 2013.

Tue, 04/05/2011 - 11:56 | 1137184 Cash_is_Trash
Cash_is_Trash's picture

Lord Keynes always knew best; 'In the long-run we'll all be dead'.

S.O.B. shithead

Tue, 04/05/2011 - 12:05 | 1137237 knukles
knukles's picture

Problem is I gotta eat in the meantime.

Tue, 04/05/2011 - 12:01 | 1137205 SheepDog-One
SheepDog-One's picture

Dec 2016 hell $1,700 gold may well be by end of this month!

Tue, 04/05/2011 - 12:03 | 1137223 DosZap
DosZap's picture

Ok, I see my ERROR.....sorry.

Still think it will get there much faster.

Tue, 04/05/2011 - 11:55 | 1137164 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Time for a margin hike bitches!

and/or talk of no more QE (without any explaination to the

Repercussions of no more QE will be dealt with).

and/or articles on promonent main stream media sites about how precious metals are a risky investment and look overvalued.

Tue, 04/05/2011 - 11:59 | 1137200 Cash_is_Trash
Cash_is_Trash's picture

Funky, you nailed their tactics right there.

OPEC is also increasing oil production hahaha!

Tue, 04/05/2011 - 12:22 | 1137354 slaughterer
slaughterer's picture

FMBoy: they have the perfect antidote to the PM pop.  Look at which Feddie recently seen with hawk feather dangling from his charts is speaking at 12:45pm.  Right when Blythe sends out the tanks. 

Tue, 04/05/2011 - 11:55 | 1137166 writingsonthewall
writingsonthewall's picture

Gold? - check out the oil - taking off - flying like a bird set free by the force of QE!

 

http://www.bbc.co.uk/news/business/market_data/commodities/143908/intrad...

Tue, 04/05/2011 - 12:01 | 1137217 SheepDog-One
SheepDog-One's picture

Thanks.

Tue, 04/05/2011 - 11:58 | 1137170 American idle
American idle's picture

Meanwhile the Feds Bernacular continues to claim things are contained. Which means that Ben is wearing his Oops I Crapped My Pants diapers.

Tue, 04/05/2011 - 11:58 | 1137183 Turd Ferguson
Turd Ferguson's picture

Brent is now at $122.30 for a $14 spread vs WTI.

Expect WTI to play some "catch up" soon, further increasing the pressure on the PM shorts.

Tue, 04/05/2011 - 12:00 | 1137207 knukles
knukles's picture

18% carry. 
Cost of margin, debt, storage and insurance?

               Bzzzzzzzzzzzzttttttt!

Somepthin's happenin' here.....

               Bzzzzzzzzzzzzttttttt!

Could it be the cost of Bullshit Fatigue and the Credibility Trap being factored in, a social cost in the Contango?

              Bzzzzzzzzzzzzzttttttt!

Tue, 04/05/2011 - 17:55 | 1138755 Bastiat
Bastiat's picture

"Bullshit Fatigue and the Credibility Trap"

+ (n+1) X 10^12

 

 

Wed, 04/06/2011 - 00:23 | 1139759 Hephasteus
Hephasteus's picture

Do you measure bullshit fatique in newtons or lb*ft?

Wed, 04/06/2011 - 01:49 | 1139879 StychoKiller
StychoKiller's picture

Slugs/Fortnight?

Tue, 04/05/2011 - 12:00 | 1137208 Cow
Cow's picture

silver up 1%

pslv down .66%

huh?

Tue, 04/05/2011 - 12:06 | 1137243 Cash_is_Trash
Cash_is_Trash's picture

Buy the mining shares!

Tue, 04/05/2011 - 12:19 | 1137334 knukles
knukles's picture

PHYS doing a follow on offering, so folks ancy about PSLV as well.  Been done before, and dip was temporary during and shortly after the offering.  But is enough to piss one off, n'est-ce pas?
I'm thinkin' of picking up some more, using the dip as an opportunity.  The discrepancy has been arbed out of the market with passage of time prior hereto.

Tue, 04/05/2011 - 12:37 | 1137455 Big Corked Boots
Big Corked Boots's picture

Same issue with CEF. Hard to enjoy the run when the reduction in premium nets you down.

Tue, 04/05/2011 - 13:13 | 1137635 Flakmeister
Flakmeister's picture

I nibbled some more CEF before the secondary, was a bit pissed when it was announced and then took the oppurtunity to pile in....

Tue, 04/05/2011 - 13:32 | 1137720 youngman
youngman's picture

actually a very good time to buy....the premium will get back to 9%...and that is a $1 increase on just the premium alone...add in the increase in prices of gold and silver..and you looking at another 1-2$

Tue, 04/05/2011 - 12:03 | 1137220 hognutz
hognutz's picture

Killer shit dude

Tue, 04/05/2011 - 12:06 | 1137256 Youri Carma
Youri Carma's picture

Got Gold’ s New All Time High at $1,450 – April 5

Ol All time High at $1,448.60 – March 24

(MarketWatch) http://www.marketwatch.com/story/gold-futures-trade-in-record-territory-2011-03-31

Tue, 04/05/2011 - 12:09 | 1137279 lieutenantjohnchard
lieutenantjohnchard's picture

not a scientific approach but from checking the silver and gold auction sites (daily) i've noticed less merchandise offered over the past 2 or 3 months. bids are firm unless the starting price is off the charts high. premiums are not yet over the top except for some uncirculated bu types that for some reason get bid way up. my take is that folks are holding on to their stash expecting higher prices.

Tue, 04/05/2011 - 12:22 | 1137349 hambone
hambone's picture

Gold / silver is money - if you sell it, then what do you do with the proceeds???  Dollars?  Bonds?  Equities?  Real lack of viable alternatives...approaching the Rubicon.

Tue, 04/05/2011 - 13:08 | 1137620 lieutenantjohnchard
lieutenantjohnchard's picture

exactly. in my world i've crossed the rubicon, metaphorically speaking: only silver and gold for me.

Tue, 04/05/2011 - 13:27 | 1137709 NotApplicable
NotApplicable's picture

Guns & Groceries

Tue, 04/05/2011 - 12:16 | 1137328 JonTurk
JonTurk's picture

Dollar Index is finalizing a falling wedge pattern (like the one in end-2009); looks like its gonna bottom out in between 74-75.. the pattern is projecting a big bounce and whole commodity asset class (including PMs) is on the verge of taking a huge hit very soon..

Tue, 04/05/2011 - 12:23 | 1137360 SheepDog-One
SheepDog-One's picture

Been hearing that same story since silver was at $13.

Tue, 04/05/2011 - 12:35 | 1137435 JonTurk
JonTurk's picture

well, its up 3X since then.. if it shaves off $15 in 2 weeks it would be a huge hit..

Tue, 04/05/2011 - 13:31 | 1137718 NotApplicable
NotApplicable's picture

$13? Try $7.50. (and gold at $420)

PMs, the top that keeps on topping.

Tue, 04/05/2011 - 12:22 | 1137364 hambone
hambone's picture

Seems the sensible reaction - but hard to believe the market will now be allowed to follow it's natural path...seems instead the printing will continue to avoid the deflationary depression that would naturally now occur???

Tue, 04/05/2011 - 12:28 | 1137389 franzpick
franzpick's picture

DXY on my screens looks ready to display the bottomless collapsing nation pattern.

Tue, 04/05/2011 - 13:36 | 1137741 NotApplicable
NotApplicable's picture

LOL


I'm glad I'm not long DXY, hurray, hurray!

When DXY crash, it'll make my stash, a bonafide currency.

Look away, look away, look away down south, it's DXY.

Look away, look away, look away down south, it's DXY.

Tue, 04/05/2011 - 12:36 | 1137433 Burnbright
Burnbright's picture

I hate to burst your bubble Jon but if the DXY can't hold above 76 for longer than a day then it is going to break down as 76 becomes over head resistance. 

Tue, 04/05/2011 - 14:57 | 1138075 Bay of Pigs
Bay of Pigs's picture

I'm junking you because the new breakout for gold started today. 

Look for $1500-1600 before another "correction" comes. This is an eleven year Golden Bull market my friend, and this isn't the top.

Tue, 04/05/2011 - 12:19 | 1137333 barliman
barliman's picture

Gold over $ 2,000 by June 2011

If Bernanke doesn't "resign for personal reasons"* by end of September 2011 ...

Gold over $ 2,500 by December 2011

barliman

* - no one serves who cannot be destroyed

Tue, 04/05/2011 - 12:21 | 1137343 TruthInSunshine
TruthInSunshine's picture

Oil, Utilities & Groceries are the in-your-face motherfukka! catalyst that create public rage.

Even corn fed sheeple in Amerika are capable of rage and are going to let loose soon.

I already see the cracks forming all around.

Bernank is a Dead Fed Head (politically speaking).

 

Anyone long equities right now is clinically insane. Look at the ticker of news on RanSquawk - it's the same bullshit announcements by publicly traded corporations and 'rumors' of acquisitions and actual acquisitions (using diluted shares) that we saw as a prelude to the 2007/2008 crash, with rising oil & commodity prices as the kicker - the exact same setup.

Tue, 04/05/2011 - 12:26 | 1137374 SheepDog-One
SheepDog-One's picture

And if anyone thinks theyll get an equities plunge warning, just Google- 'DOW Plunges 777 Points' and see every article from that day saying it was all TOTALY SHOCKING and UNFORESEEABLE, Caught everyone TOTALY by SURPRISE and DISMAY.

History is fun.

Wed, 04/06/2011 - 02:01 | 1139892 StychoKiller
StychoKiller's picture

Two words:  "Normalcy bias"

When making a large purchase today (Serger for the Wife's B'Day), I explained to the saleslady that FRNs are becoming like S&H greenstamps to me.  She stated that she knows something's wrong but doesn't know what to do about it.  I showed her a Silver Maple Leaf I always carry and suggested she start buying some BEFORE the FRN becomes totally worthless.  The Ignorati "feel the disturbance in the Force", WE have to help them some...

Tue, 04/05/2011 - 12:24 | 1137363 RobotTrader
RobotTrader's picture

Clean breakout.

Finally!!!

 

Tue, 04/05/2011 - 12:28 | 1137384 SheepDog-One
SheepDog-One's picture

Lol, WHAT?? Ha haa ha ha haaaa!!! Hey where the retail stock chart boner of the day?

Tue, 04/05/2011 - 12:34 | 1137418 lieutenantjohnchard
lieutenantjohnchard's picture

posted courtesy of the only man in the united states that's lost money investing in the biggest bull market in gold and silver ever(?).

Tue, 04/05/2011 - 12:27 | 1137380 JonNadler
JonNadler's picture

where are my commrads Methman and Willy the Bastard and all my fellow clowns

Tue, 04/05/2011 - 15:00 | 1138098 Bay of Pigs
Bay of Pigs's picture

+$1454

Quite the POS commentary you wrote today Jon. Keep up the good work! LOL.

http://www.kitco.com/ind/nadler/apr052011.html

 

Tue, 04/05/2011 - 19:41 | 1139111 JonNadler
JonNadler's picture

Thank for reading BAy

 

How do you like my new disclaimer:

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Wed, 04/06/2011 - 02:05 | 1139895 StychoKiller
StychoKiller's picture

Dem's fine weezel wurds, right there!  Shysters everywhere would be proud!

Tue, 04/05/2011 - 12:29 | 1137392 Crispy
Crispy's picture

18% gain, or 4.5% inflation for the next four years seems low to me. Id put it nearing 1975`ish. Running at a current real 9% a year inflation. And thats probably low.

Tue, 04/05/2011 - 12:40 | 1137466 digalert
digalert's picture

Protesters bussed in fresh from camp Bernank to CNBC, talking heads try to downplay PM's.

Tue, 04/05/2011 - 12:42 | 1137493 tallen
tallen's picture

Ministry of Truth strikes again, I guess we should all sell gold/silver and buy Netflix. HAHAHA.

They only get the traders who've had heavy nights and had enough cocaine to kill a family of 4 on CNBC.

Tue, 04/05/2011 - 12:41 | 1137482 boeing747
boeing747's picture

Dollar is so weak now even Obm tried to stir MidEast and Euro debts can barely move DXY over 76. Most of foreigners start to understand 'Treasury Ponzi'. Especially BRIC countries, they printed money even faster and larger than Ben did, people there quickly buy up everything can stores value. So if more and more people withdraw, Ponzi will collapse by itself. Only WW3 can solve current problems now.

Tue, 04/05/2011 - 13:07 | 1137492 BanksterSlayer
BanksterSlayer's picture

Bernanke: "Consumers don't want to buy gold." (March 2011)

 

Deputy Marshal Samuel Gerard: "Do you want to change your bullshit story, sir?" (The Fugitive, 1993) 

 

Tue, 04/05/2011 - 13:00 | 1137571 camoes
camoes's picture

PLZ STOP GOING UP GOLD AND SILVER, I'M GETTING DIZZY!!!!

Tue, 04/05/2011 - 14:47 | 1138047 DosZap
DosZap's picture

Wait, it will get NAILED after the close.

Sorta like kicking a man when he's already down.

Bstds do it everytime.

Look for a $10/$12.00 drop easily.

IF the CS hold true to form,Slvr will be slammed back below $39.00 also, if it's business as usual.

Tue, 04/05/2011 - 13:01 | 1137574 franzpick
franzpick's picture

I think the PM stash is giving off a few milliSieverts more than background.

Tue, 04/05/2011 - 13:19 | 1137669 High Plains Drifter
High Plains Drifter's picture

Where is spaulding?

Tue, 04/05/2011 - 13:10 | 1137619 plocequ1
plocequ1's picture

Wow, Everything is green. Gold, Stocks.. Must be Hals new and improved software

Tue, 04/05/2011 - 13:10 | 1137626 Catullus
Catullus's picture

Reports coming in that the roof is on fire. Please confirm. Advise on extinguishing with water

Wed, 04/06/2011 - 02:09 | 1139898 StychoKiller
StychoKiller's picture

Just some skyshine, resume the water pumpin'...

Tue, 04/05/2011 - 13:14 | 1137648 High Plains Drifter
High Plains Drifter's picture

Paging Turd, paging Turd. Please report the information booth........

Tue, 04/05/2011 - 13:16 | 1137653 High Plains Drifter
High Plains Drifter's picture

How does it feel Blythe? Hope you like it. We have more of that where it came from too........

Tue, 04/05/2011 - 13:24 | 1137693 99er
Tue, 04/05/2011 - 13:31 | 1137716 FoieGras
FoieGras's picture

$1709 vs spot price just represents forward LIBOR plus storage costs vs. today's spot, nothing else. That's just an annualized ~2.6% a year.

Nothing to see here folks, move along.

Tue, 04/05/2011 - 13:33 | 1137739 High Plains Drifter
High Plains Drifter's picture

http://www.washingtontimes.com/news/2011/apr/5/congress-makes-first-majo...

repeal of 1099 reporting rule, sitting on obama's desk......

Wed, 04/06/2011 - 02:12 | 1139901 StychoKiller
StychoKiller's picture

"We have to pass the Health care reform bill to see what's in it."  Nancy Pelosi (D-CA)

Word up Nancy:  Egg all over yer face is NOT a beauty treatment!

Tue, 04/05/2011 - 13:35 | 1137740 Papaneuf
Papaneuf's picture

Gold & Silver Bitchez!!!

http://www.youtube.com/watch?v=ZNGe7iK1O-4

 

Tue, 04/05/2011 - 13:44 | 1137773 Bastiat
Bastiat's picture

Blythe last seen with a teddy bear humping each leg.

Tue, 04/05/2011 - 20:12 | 1139212 ZapBranigan
ZapBranigan's picture

+++++  Nice

Wed, 04/06/2011 - 02:16 | 1139903 StychoKiller
StychoKiller's picture

You are sick!  I like that about you...

http://www.youtube.com/watch?v=-DYaMmjTd2o

Tue, 04/05/2011 - 14:04 | 1137861 brian0918
brian0918's picture

GDX is up 4% today!

Tue, 04/05/2011 - 14:13 | 1137890 buzlightening
buzlightening's picture

dead head fed goons can't pass a budget and be lucky to pass gas.  Anyone not exiting the paper fiat dollar into hard assets; fleeing benron burnokio bucks as a vegan from a slaughter house,  is just plain blind and lookin through kaleidoscope hopium eyes to Keynesian ruin!!  Yes! I borrowed harvey organs favorite saying to get a point across. End of the dollar when gold does go into backwardation so get the message and get out while the gettins good.    Richard Russell - US Dollar Collapse Will Accelerate

I've shown chart after chart of the US dollar. I've shown how the Dollar Index has been violating support levels. To refresh your thinking, I've included an up-dated chart of the US Dollar Index (above). What we see here is a giant head-and-shoulders top with a right shoulder that is in the process of breaking down.

 

Even as the dollar sinks, the public seems blissfully unaware of it.

 

http://www.kingworldnews.com/kingworldnews/King_World_News.html 

Tue, 04/05/2011 - 14:17 | 1137911 buzlightening
buzlightening's picture

dead head fed goons can't pass a budget and be lucky to pass gas.  Anyone not exiting the paper fiat dollar into hard assets; fleeing benron burnokio bucks as a vegan from a slaughter house,  is just plain blind and lookin through kaleidoscope hopium eyes to Keynesian ruin!!  Yes! I borrowed harvey organs favorite saying to get a point across. End of the dollar when gold does go into backwardation so get the message and get out while the gettins good.    Richard Russell - US Dollar Collapse Will Accelerate

I've shown chart after chart of the US dollar. I've shown how the Dollar Index has been violating support levels. To refresh your thinking, I've included an up-dated chart of the US Dollar Index (above). What we see here is a giant head-and-shoulders top with a right shoulder that is in the process of breaking down.

 

Even as the dollar sinks, the public seems blissfully unaware of it.

 

http://www.kingworldnews.com/kingworldnews/King_World_News.html 

Tue, 04/05/2011 - 14:22 | 1137945 buzlightening
buzlightening's picture

Excuse the double post! Been a while since I've posted here!  Maybe it need be said twice!! I think with Utah now passing the legal gold/silver tender bill; 3/2, making US mint gold/silver eagle bullion coins now legal tender.  Many other states to follow!!  These US mint coins will get scarce as sovereign states follow Utah in a backup plan to the shrinking and soon collapsing paper fiat dollar.  Anyone gettin a  US gold eagle under 1550 or a silver eagle under 50 may thank me later.

Tue, 04/05/2011 - 15:06 | 1138139 DosZap
DosZap's picture

I fail to see why they even did it.

It's legal tender know.

Has been since the first ones were released.

Why  the big deal.

Tue, 04/05/2011 - 15:22 | 1138191 buzlightening
buzlightening's picture

Protect the people from dead head feds confiscating the people of Utah's gold/silver bullion/wealth preservation.  It's brilliant! US mint coins were not legal tender and minted as uncirculated coins.  Now circulating in Utah. Other states wantin their citizens to carry gold/silver bullion will protect them from the tyranny of fed goons immediately.  dead head feds want it all and will take it by hook or crook lest we the people are protected by states rights!!  Got it?  Then get it as the window is closing fast and financial armageddon soon upon ameriCON'd.

Tue, 04/05/2011 - 16:22 | 1138434 Moe Howard
Moe Howard's picture

Authorized by the Bullion Coin Act of 1985, American Eagle Gold Bullion Coins quickly became one of the world's leading gold bullion investment coins.  Produced from gold mined in the United States, American Eagles are imprinted with their gold content and legal tender "face" value.  An American Eagle's value is based on the market price of its metal content, plus a small premium to cover coinage and distribution.

American Eagles use the durable 22 karat standard established for gold circulating coinage over 350 years ago.  They contain their stated amount of pure gold, plus small amounts of alloy.  This creates harder coins that resist scratching and marring, which can diminish resale value.

Tue, 04/05/2011 - 21:19 | 1139375 buzlightening
buzlightening's picture

Legal tender face value! That's 1 dollar for an American silver eagle! Under Utah legal tender law the face value is out and spot is legal tender. Plus you get favored status in the state with US mint bullion coins and exempt from capital gains taxes.  Some of you guys are goon-a lose your asses holding paper fiat and all that's attached to it.  gov goons have bated the general public to be worthless paper money bag holders in all collapses of fiat monies.  The USD is a debt based fiat currency headed for the scrap heap of history in collapsed paper ponzi fiat monetary systems.  Wake up and get it or bend over and get it!!

Tue, 04/05/2011 - 17:28 | 1138653 pcrs
pcrs's picture

that's easy money. You buy spot at 1456, sell the future at 1710 and pocket the difference. You store it untill you have to deliver. What's the catch? Confiscation?

Tue, 04/05/2011 - 17:31 | 1138663 Flakmeister
Flakmeister's picture

It's not much of a return.... The Hecla preferred convertibles has a higher yield...

Tue, 04/05/2011 - 17:57 | 1138768 Dr. Acula
Dr. Acula's picture

.

Tue, 04/05/2011 - 18:49 | 1138934 The Alarmist
The Alarmist's picture

I hate to burst your bubble, but if you ignore storage costs that future implies a (risk-free) interest rate of only 2.9% for a 5.75 year maturity, which is not so far away from the treasuries that it would be pricing in a lot of inflation, so this is not the big story that the headline hypes.

Try again.

BTW, the radiation pouring into the sea is much scarier.

Tue, 04/05/2011 - 21:45 | 1139444 buzlightening
buzlightening's picture

Take your legal tender 50 dollar face value gold eagle or 1 dollar face value US mint silver eagle bullion coin to any bank outside the state of Utah and see what you can get for them!   ......................................... Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion.[5]     http://en.wikipedia.org/wiki/Gold_coin      Wake up AmeriCON'd

 

Tue, 04/05/2011 - 23:20 | 1139656 bothsidesnow
bothsidesnow's picture

Asia capped spot gold at $1454 heavy offers from Japan at that price.

Sat, 04/09/2011 - 21:23 | 1154176 thames222
thames222's picture

Of course the spotlight is on silver right now, but Gold is really where it's at.  Some of my sources report that it might get over $2,000 by 2015...with silver where it's at right now, any precious metal is a valuable commodity.  Suck it, JP Morgan!

 

www.forecastfortomorrow.com

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