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Gold Goes Vertical As Goldman Reiterrates Harsh QE Expectations
(could not find any more gratuitous usage of the world "gold" in the title)
Well, we sure hope you, ahem, bought the dip. A $17 vertical move in minutes is an appetizer of what will happen when Bernanke says the wrong word at J-Hole (and he most likely will).
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The Amazing Story of the Hui Xing Gold Mine Ponzi Scheme in Inner Mongolia
http://israelfinancialexpert.blogspot.com/2010/08/chinas-shark-loan-ponzi-finance-amazing.html
Robottrader?
He's getting his shine box. Nobody can put a shine on a pair of shoes like robo. Mirror like.
Blythe Masters just rang, wanted to know why no one was shit scared of her team anymore.
hahaha, good one
http://en.wikipedia.org/wiki/Integral
real variable x
People finally learned calculus. It was the unreal variables that kept them in the dark so long.
Perhaps he's looking for a photograph of wildebeests running away...you know a wildebeest ass shot.
Methinks he might change his name to Tinny Tim.
http://www.youtube.com/watch?v=wiOgabEDxSY
ha ha. the geek has his head back deep in the sand
ha ha. the geek has his head back deep in the sand
It seems the barbarous relic isn't quite as barbarous as some of the world's fiat currencies appear to be at this moment.
The only barbarous relics around here are:
The Fed
Fiat Money
Keynesian economics
+3. Contenders:
TBTF
MSM
PTB
'you cant eat gold though"....
but it sure buys a lot of food.....
KS
You asked yesterday for some proof to back up my contention that the markets are manipulated via national security directives. I posted a reply. Did you see this?
This was implemented way back in May of 2006, way before the markets showed any real stress. Why? And do you think they ever stopped cooking the books national security style? The first rule of lying is to lie some more to maintain the first/second/tenth/hundredth lie.
http://www.businessweek.com/bwdaily/dnflash/may2006/nf20060523_2210.htm?campaign_id=rss_daily
Anybody see what's going on here? Plain as poop on the sidewalk.
Goldilocks loves mayhem, volatility and distress. Tis' where money is made.
Imagine a set up like this fictional paradigm.
For some reason (for the sake of this exposition, it matter not why, when or motives, it just is what it is) several large bullion dealers carry humgoloid short positions in gold and silver and 'round abouts option expirations generally associated with the COMEX contracts beat the prices down. And of late, they've seemed to find comfort at some sub $1200 price.
Even further it is rumored that they may be doing this on behalf of some serious money institution which shall remain nameless. (Can you count the number of beans in the jar, or identify the 3 letters of the acronym of the interested party?)
Now, let's further suppose that the short positions undertaken to suppress the price of the items in question might be getting kinda in the so called "hurt locker", cobblers turning blue, a short squeeze developing if somebody else, like some sociopathic entity really wanted to screw the pooch and set up a bundle of longs and calls against the opposition.
And then make big noises to cause the market to rally, squeezing the very puss out of the odd lot pimples operating on behalf of the nameless sponsoring entity. Who, BTW will likely not answer any telephone calls, silence meeting the pleas for help emitting from the squeezed.
And there endeth Father Knukles Epiphany of the 'Morn.
Those being screwed might well remember that famous passage from Lord Lloyd's 23rd Psalm..
He holdeth my head beneath deep waters,
He stealeth my soul....
Holding hands with Johnny Bravo and weeping.
We all miss Johnny.
Speak for yourself!
If we never see that dishonest, disingenuous, malicious, malevolent, attention-seeking whore and narcissist again here on ZH, we would all be far better off, and able to engage in some REAL discussion and honest argument without so many threads (and EVERY thread touching on gold, curiously) being sidetracked and polluted with his outrageously nonsensical and distracting bullshit. He is the very definition of an online troll, endlessly repeating the same tired and simplistic disinformation and lies while forever refusing to acknowledge or respond to the challenges of numerous other posters, and only intrudes here to disrupt and sully the conversation. If this forum had ANY moderation, he would rightfully have been banned many months ago.
The zit-faced little teenager never crossed my mind until you guys brought him up.
How memorable he is -- make that was.
Ben is a loser, QE V9.9999 will be bad for savers and the economy as a whole. Short term pain avoidance for long term destruction.
Thats what a central bank is all about.
http://www.youtube.com/watch?v=ZPbnkk0PQ7o
Go away!! I'm central banking!!!!
I see the Feds have made 1052 the line in the sand today.
options expiry in gold -- max pain, max happiness JPM -- 1200.08
silver 17.32
don't put anything past these guys in such staggeringly corrupt markets. flames are pouring out the windows at the Comex. they are now THREE months in arrears on gold deliveries.
if you'd like to write to bart chilton at the CTFC and compliment them on their incredible work and intelligence....and ask how much they expect to make this year....its bchilton@ctfc.gov
They will not and cannot do anything. Expect the worst out of people and you will not be disappointed.
Hush, peasant. Don't encourage them. I want to cash out some miners at a nice price to bet on the TBT. You maka me nervous.l
Bart and da Boyz have been hangin wid da SEC boyz and can more easily be reached at www.porndownloadfrenzy.org
whats the reasoning behind the exact figures if i may ask?
Tyler, to use your nomenclature, is it fair to call Bernanke's specch the A-hole at J-Hole?
+100
It's where you get to dumb down your brain-hole.
Glory-Hole
I just wanna be Made-Whole.
Meanwhile, deflationists are bragging about the 2% return they will earn over the next year on their treasury bonds.
The huge appreciation in capital is where the games at! From 4pc to 1pc, you get a HUGE return. In a pure deflation, you can't be long anything. We'll get there, a point where the 10 year is yielding 10pc or more in a highly deflationary environment as cash becomes scarce and real interest rates are 20pc or more on cash. But in the mean time, the bond market bubble will ride a huge wave to an ultimate top! Capital appreciation bitchez!
+1 Point up! In DEFLATION, everything but cash will get sucked down into the black hole....
Deflation will make it impossible for loans to be repaid. Therefore the Banking system will fold.
Deflation will reduce the Treasury's tax income dramatically, and reduce the amount of money available for them to borrow. Therefore Government will print money to make up the shortfall.
I do not see how either of these inevitable outcomes make holding 'Cash' i.e. Debt created by the latter entity and leveraged up then distributed by the former, a good thing to hold.
Simple, timing. You can agree on the conclusion without agreeing on what to do in the meantime...
Yeah. Timing the implosion of Lehmans worked out really well for lots of people, and that was before officially sanctioned lying, obfuscation and 'Mark to Fantasy' FASB rules were introduced to ensure that nobody really knows what's going on in the Financials.
When your bank with your 'Cash' in it goes under, are you sure you'll have gotten your money out just ahead of time? When the Treasury bubble bursts as the wave of new issuance smacks headfirst into the wall of diminished investor capital (inevitable in deflation) are you sure you'll have sold your bonds just before the rest of the world decides to? Even if you have, what will you do with your FRNs? Buy Gold? Too late, it won't be available.
I think I'll just jump straight to the endpoint and let those trying to sneak in one last trade before the curtain comes down take their chances.
First of all, timing the implosion of real estate/the general economy did work out incredibly well for some... it's called conviction... sometimes it's wrong... sometimes it pays off... but conviction none the less. Sometimes trades are lottery tickets that require little conviction...
Second, we can even agree that everything can change on a dime, and still have different opinions as to timing... some of us think that we will languish through the pain of deleveraging (deflation) for quite some time... as austerity is attempted. And that a flight to quality is necessary to continue rolling over debt (range bound and can't print without spooking the herd).
Third, you don't have to put all your eggs in the same basket... there are many assets that act as viable investments during both deflationary and inflationary periods... I'll leave you to figure those out (but the price on the more obvious ones has been increasing; hint: not bonds). Generally, an incredible amount of risk can be removed from the table by acting without leverage... maybe you don't hit a home run or win the race, but you got something left after the fire.
I wouldn't touch treasuries with your dick and someone else pushing. Well, maybe with a bullet strategy.
Deflation will be a shortlived phenomenom b/c it scares the crap out Government policymakers who, in spite of their cruel dependency on lofty real estate valuations in order to balance their books, fancy themselves a cut above market forces.
When posed with the choice of deflation or hyperinflation (where we are now), you still think deflation is a short lived phenomenon? Is a 2+ year phenomenon short lived? What kind of timetable are you looking for?
You want to know the real bogeyman, the one that really scares the crap out of government policymakers?
Us.
Time to search that DOW 10,000 hat again.
Silver isnt standing around either..
Was stuck in a meeting from 8-10 EST, came back to my desk & saw silver discovered a hidden stash of viagra, angry I didn't pull the trigger on my APMEX order at 8am like I should have when I first got into work. Eff.
You and me (kickin my arse).
I felt the same way. I was holding to pull the trigger on Thursday. Maybe I'll be be right. If not, then gold and silver will be back at the forefront in a big way over the next few months as manipulation continues to break down.
and Dow @ 9993 lol.
Somebody (something?) is selling equities and buying GLD & SLV.
Gold or GLD, chicken or egg?
Be sure to cook the egg well so TPTB can pass the food safety law and you will be a criminal if you grow food in your backyard. Oh,OH. Walmart pulling poisoned beef out today. Better put some Miraclegro on my tomatos.
+1000
Food recalls == Food-Modernization Safety Act == Inside Job
Enjoy your gardens while you can...
Soon 60K new employees of the GSA (Garden Security Administration) will be informing you about just how outrageously dangerous (and illegal) it is to grow your food.
Missed the dip. Was thinking the retreat would last a couple of days and go under $1200. Alas, it lasted only a couple of hours, if that.
What no Johnny Yet? He still must be in his Gender Studies Class.
Nah, he's just downloading his latest marching orders and anti-gold, Keynesian, pro-establishment talking points from the GS/FedRes/CIA collective.
VAuw........vhaat a muuv Gold,das ist Ausome.
Bernanke never deserves a thank you but I'd give him a fist to pound for a job well done making gold go higher.
There is some seriously messed up stuff goin on.
I have no idea what the rest of the day and week may hold.
Indeed. I was planning on making my monthly buy later this week. I'm hoping there will be some more volatility to the downside before the end of the week. If it doesn't happen, then the PM ship may have sailed.
then the PM ship may have sailed.
Well,I will pull the trigger on more Slvr either way.
If Expiry doesn't slap it, then it's a NO brainer.
It will take a tumble if we get that double dip we have been expecting, but it wont be that much off and it won't last that long. So if you buy now or later it will still be cheap imo.
Indeed. The data and POMO liquidity and Japan and Australia and Hungary - check EURHUF - all at the same time.
I dont think POMO funds can keep this afloat. Down from here, then wait for Ben on Friday to say or not to say QE2.
Whoa. Site overload for zero hedge. In other news, BB can no longer afford to be subtitle. Look at the ramp job on the EUR/USD.
Nope...but I did catch silver below $17.80 now above $18.20
make that $18.45 and still moving
Caution, folks. The "vertical move" looks more like a backtest of the rising channel we fell out of earlier today.
Chart: GC
http://www.screencast.com/t/NjM4MDhiND
I don't get this - market is now back to where it was before the awful housing news, and Gold is down. Presumably, the market going back up could be the expectation of QE1.999~, but surely that should take Gold up with it?
Or is it just the PPT flexing its muscle?
Its rigged,but sooner or later someones gonna carry the can ..............
But, but......but......Johnny Bravo said it was going to 900.....surely will crash later on today, or at the latest tomorrow, or worse case next week sometime, the charts are saying so.
PMSL
Death by TA
He'll be back. Next time he spots a rising wedge. He'll be here.
Oh you can bet he's here...He just ain't talkin'.
Well, he did have a rising wedge in his pants earlier while listening to Bernanke talking about QE 2.0, but he got so erotically aroused envisioning further massive fiat monetary creation ex nihilo that he could not help but experience a spontaneous and involuntary seminal emission, i.e., he jizzed in his pants:
http://www.youtube.com/watch?v=VLnWf1sQkjY
Quick Exit, bitchez
Looking at the 2s and 10s return of your money is in play, The T bills look very overvalued so the next thing is silver and gold and this jump is probably an extension of this type of trade,
Things feel like all hells going to happen the bond yields state all hells going to happen well if it does gold and silver look good to me.
The Hinderberg omen thing sounds cool personally I am not into such things but maybe this type of indicator is effecting people to dump stocks and money needs to go somewhere,
Just me waffling
Oh dear and options day is looming,trouble in the speakeasy tonight,a few gangsters molls getting a rough time no doubt.
It is now a $27 move
$1235, bitchez
7.50 next for Euro, then 8.20.
We might have to wait for the Asian session though.
Goldman: We expect QE to commence.
Bond Market: Talk is cheap. The FED cannot reflate the credit bubble. Further, we're getting sick of your suggestions as they inevitably lead to us losing money.
Goldman: *crickets*
FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA
FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA
FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA
FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA FOFOA
GOT GOLD, SILVER, BULLETS, WATER, FOOD AND FOFOA, BITCHEZ...
Is it just me, or is silver starting to behave much more like money the past few days and less like an industrial metal? I've noticed a breakdown in certain key correlations I've been tracking..
ZH seems to be having problems today--double post.
Yup. Some correlations have been off and on for more than a year now.
Silver is likely to blow past gold before too long (in terms of performance, not necessarily in terms of dollar values). I talk about gold a lot, but in reality, I have a good 25x as much silver as I do gold, in dollar terms. I tried moving it all last year and damn near broke my back. I now have a hand truck. All the gold in my posession can fit in my pocket (and doesn't set off metal detectors, I have found).
If you don't mind me asking, what amount can somebody carry without setting off metal detectors? I plan on taking some metal with me on my travels.
I don't know, having never been caught, even going through international security. I always take at least 1 oz with me whenever I travel, but I have taken an amount somewhat more than an order of magnitude higher through metal detectors without a problem. But then, I always connect through a smaller airport, so the metal detectors might just be old and crappy. Just keep them in your clothes, and don't be like that moron that got caught with 1000+ oz of gold going into Mexico (and had it all confiscated, as I recall).
Having gone through security at Heathrow and Houston Intercontenental with 2 oz in my pocket within the last month, I can tell you that that amount is fine under any level of scrutiny.
Wear it as jewelry.
it's behavin like somethin i wish I had 1000oz of
Trav, 100oz 10x and you're there! Just do it
People know it's money, they hoard silver coins (or should be). The monkeys in charge though want us to think it's not. The real takeoff is when the silver price goes over $20 and stays there.
This price action has my seal of approval...just picked up some physical earlier today, also some ETF (don't worry, I'll dump that soon).
Gold Bitchez!
Where are all the deflationistas today?
Johnny Bravo, bitches.
Johnny Jizz had a tough night last night, he is busily wiping himself clean and laundering his pants.
Yup, and if he ever comes back, he'll be getting the exact same shit from me.
Enough is enough.
You can bet he's not sulking in a corner. Not smart enough to know when he is really not appreciated. If he could contribute, or show some inclination to learn, I'd be much more tolerant. I doubt he follows any of the links to other information that might change his views. I hate to say it but FOFOA might just be over his head. Sad.
2 days to OpEx and THIS price action, hmmm...
Makes me want to break into song....
I feel the earth, move, under my feet, I feel the sky tumbling down, a-tumblin' down...
On JP Morgan and HSBC. They'll just-a lose contro-oh-ol, of our very so-oh-ouls. I get hot and co-oh-oh-old, all over, all over, ALL OVER!!!
Have to say, I expected to see more resistance to this price action considering that options expiration is just two days away. Could it be there's getting to be too many fires to stamp out all at once?
Ain't over yet. I think if Johnny Bravo was here the cartel bankers would run away. Johnny, Johnny, where are you?
Coming soon .. my new AOCS Copper/Silver/Gold coin! Stay tuned on Zero Hedge.
Updated S&P500 chart showing head and shoulders with target.
http://stockmarket618.wordpress.com
I would say Goldman spiked the gold market with some big buy orders.
Ah yes, the A-Hole at the J-Hole. This year should be interesting.
Um, yes, I take my gold straight up pleaze!
Quiet everybody. The Ruth is in the house. :>)
Much respect...
This is a sell signal as Larry Summers is about to put down a slice of cake and call up JPMorgan's Gold desk.
Physical didnt budge..unless you count the clown that hit my bids at BD overnight...yattata
johhny bravo bitch..where are you ..you little piece of nothing...funny how you run when it gets too hot for you..we all thought you were a boy of conviction...probably home hiding under the bed....please stay away till gold hits 1300 and then when it starts to sell off a bit..you can come back for the umpteenth time and tell us all how you have been playing with your fabrizio charts and wedgies.....you scum of a son...now scram you lil bitch...before we pour water on you and watch you burn like the witch that you are..
The gold stocks, and silver stocks, are not buying this magic jump in the paper contracts. The hedgies apparently still remember that options expire Thursday. Let's see if the huge spike can disappear as fast as it showed up. Smells like a head fake to me, ie, train has not left the station, just trying to look like it has.
Fish,
Jim Sinclair said to expect NOTHING of 100-3-400.00 swings in Gold, once the VIG was in.
He say's hang tough, the worse it get's the more volitaile the swings will be.
Anyone heard of these folks.........
http://www.boston.com/business/articles/2010/08/24/the_fort_knox_of_mass_keeps_an_extra_low_profile/?s_campaign=yahoo
For JB:
"But then what? What do you sell your gold for? Dollars?" by JB pevious thread
Duuuuh
You occupy a vacant Bank with a secure vault maybe buy it in a tax sale and wait. While you are waiting you survey the situation for some sense of stability under the law of the land (if any) and of property rights and the rekindling of some kind of economy. Before you die of old age you carouse with beautiful young women willing to partake of your wisdom. You are charitable especially to single moms who were foolish enough to have a kid with an idiot like Jizzbreath who went broke listening to mish. When the time is right you hang out the sign " DOGBREATHS BANK". Then you trade your gold for deeds that collect interest. Then you carouse with beautiful younger women.
Magic indicator in gold, very interesting perspective.
http://realmarkettrend.blogspot.com/
Thanks for such a great post and the review, I am totally impressed! Keep stuff like this coming!...
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