- advertisements -
These guys must be pissed...
and gold plunged on this news to ....$1,459.60...
Someone find me a tall building...
My desktop gold and silver price gadget just displayed a GOLD PRICE PLUNGE to $1460.30!!!
Based on that and the price of silver, $39.56, I am about to jump out of my basement window!!
and head swiftly and unswervingly down to the pub for a commiseratory pint...
try not to sprain your ankle when you land...
there's a good chap.
Strange kind of profit taking, my gold charts are pointing firmly upwards.
Must be another parallel universe glitch.
Gold must have priced in the rate hike.... just like the stock market prices everthing
I don´t think people are going to dump gold and silver for rush to EU Bonds...lol...they might in a NORMAL economy...but baby this isn´t normal with what is going on and going to happen to the central banks and the governments behind them....
Hey...what about Tulip Bulbs???? Is it to late to get in on that. I mean isn't it time that cash rotated in to them?
"but baby this isn´t normal with what is going on and going to happen to the central banks and the governments behind them"
Nah, never catch on...
AAPL & NFLX are the current 'tulip bulbs'. I recommend selling all Au, Ag, and Pb to me and invest the wonderful Federal Reserve Debt Notes I will trade you into these two perfect profit generators.
As to the Pb, please make it in the form of 5.56 & .40 S&W. Thank you.
Yeah, thanks for that.
Nice to know there's always someone out there looking out for my best interests...
Forgot how diffficult it can be wiping my backside with a gold bar whereas Federal Reserve notes are just so much softer, stronger and very, very long...
NP, I got your back brother.
Profit Taking? ... Then why in the hell did the Open Interest go up 20,941 CONTRACTS? ... The friggin' corrupt banksters are shorting the hell out of gold ... ProfitTaking? ... Just more GoldCore BULLSHIT!
Why don't you post data from a CREDIBLE organization that does not have its cranium up its rectum on a daily basis?
well, I'm going to buy a long contract, just to piss 'em off...
In the coming years many will look back at the lack of and biased coverage of the gold market and wonder as to how it could have been so biased and myopic.
As a starting point in their case studies, may I suggest to those future historians, that they start their investigation with the abject neglect by The World Gold Council, as 5th column insiders, who were supposed to represent gold to the world as a traditional monetary safe haven, rather than being a promoter of ear rings and bling as the primary objective of their business model and whose interests they represented.
Gold may fall in euros, but there's no reason it should fall when priced in US dollars, except of course for "this, that and the other thing", not to mention gold is in a bauble, etc.
Oops. crash dive, but why, surely the rate rise priced in?
& what an awful thing to do to a baby banana republic the day after it asked for help. So much for European 'unity'.
Euro, U.S. Dollar, Mainstream Media, Washington D.C., Barack Obama.........they all lie and they all suck. Fook' all these Mofo's.
Gold, gold, gold. never goes out of style. invest in it and you're set for life!
short drop...but coming back....the wave traders missed the ride....surfers...thought they could catch a downdraft....didn´t happen..so they went back long...
good interview yesterday with Bob Chapman on Gold, Silver, and mining shares: http://www.youtube.com/watch?v=uDkT8_4tnis
Jim Willie's latest: http://news.goldseek.com/GoldenJackass/1302120000.php
"Moms and dads are moving out, out of gold and into the equities."
WTF? Exactly what % of moms and dads own PMs? What % own equities?
Standard Chartered Bank revising by 30%. When did they make the $1200 call?
The commenters on ZH are better than these talking heads on CNBC and so-called professional financial writers and commodities experts.
A rate hike by Fed that is short of real inflation rate will not hurt PMs.
Fed is now jawboning a stop of QE and if they do abandon QE they will wait a while to see what happens to the economy. Fed will quickly start QE again if it becomes evident that economy is tanking without QE. QE 3 is probably coming after a pause. Rate hikes still over the horizon.
Clear sailing for PMs. BTFD if there are any.
The FED is intentionally devaluing dollar, and everybody knows it. The whole ponzi scheme runs on the misguided confidence...Once everybody realises that the printed dollar promises are going to become worthless, PM are going to become very scarce and expensive.
Regular unleaded up to $4.20 here in Southern California. Up 10 cents in 4 days.
what about the irradiated Fukushima variety? IS there a premium for uranium enhanced regular? Maybe Benocide has a mad plan to irradiate gold and silver and thus make it physically inaccessible to small traders...its all for the big boys...who come inspect it in their decontaminated suits...that'd be a twister...
Quick question-how/where does everyone store their gold/silver? I think keeping 100% of it in physical is a great idea, but I also think keeping it all at home or in one spot is very dumb. I'm considering putting some (maybe 25%) in a bank safety deposit box, but I'm a bit nervous as to the government's ability to simply clear me out or shut me out when things get bad. I think keeping something like 90% quarters or 40% halves is smarter than gold because you can at least claim that you want to go spend the money on gas or something at face value and they might buy it.
I have a bunch of ideas about where to hide my coins around the house (bag them up, put them in a half used paint can is a good one. Or tape them under a kitchen table. etc etc). But then if there's a fire or flood you might get screwed. Burying them is another idea, but I don't really know how to do that without making a mistake and having someone find out. Should I just buy a safe, bolt it to the floor, and rest easy? I've been reading that even that is not foolproof as robbers can simply come in and take it out on a 2 wheeler. Doug Casey's site advocates that you hide your safe which to me is just complicated since I suck at putting things together/moving big things around.
I also have some boxes of nickels...
A coffee can buried in the back yard has its charms.
do we all want to disclose where we keep our gold now? Sure put out the best hiding places for it to become common knowledge so the govenment goons will know where to look.
I hide mine under the toilet seat. You have to lift the seat to get to it. You may get a pile of s*** splashed in your face
My problem is that every time I get some Au & Ag together I try to row across the Ohio River to Indiana to bury it, and a barge comes by and swamps my rowboat, plunging my PMs to the bottom. I keep getting zeroed out. I have had so many boat accidents that I currently have no PMs, except for some Gold Eagles I just bought this weekend and are in transit. I may try to get someone else to row me across with a better rowboat this time.
Liar. Hand it all over!
Where do you store your lead? Birds of a (dense) feather, flock together...
Please check out my new site, we hired a blonde chick to "inteview" me (since not even CNBC will have me in as an expert anal-yst anymore)
Hey she's not that Erin chick from CNBC but she looks pretty good to me. I even pretend to have wires hooked on to me, even though the chick is right next to me.
Yep, and if that doesn't work you can always turn the volume off and pretend she's talking dirty...
Too much bass at the beginning, my Bose sub made my legs vibrate and shook my pistol right off the desk. Good thing it wasn't loaded. The interview was good, though, thanks. Keep up the good work.
Moe, almost brought tears to my eyes laughing at that one!
Mr. Turk says gold backwardation will be the ultimate sign of the end game. From my neck of the woods: the 1 oz gold coin (with certificate) that you used to buy in any major branch of the Polish National Bank has been sold out for some time now. It's available from private dealers at higher prices. Also the National Bank shows gold prices converted to the local currency that do not price in the latest gains at Comex. The price for some time now has been more and more phoney. Greetings from otherwise boringly peaceful part of the world (so far...)
My mother-in-law is in Wroclaw, my wife was asking me the other day if she should purchase gold and silver from the bank in Poland like my father-in-law used to before he died last summer. I guess from what you just wrote gold is out of the question. How about silver?
Fixed that for ya Tyler...
I call bullshit reporting.....
MARC FABER: PEOPLE WILL BE SURPRISED HOW HIGH INTEREST RATES WILL GO.
From Interview at King World News on 7 April 2011 Marc Faber:
Long interest rates move in long cycles so we had a cycle low in the 1940-ties when the 10 year treasury note was at less than 2%.
Then we were at 2% in 1949, 4% in 1960, 6% in 1970 and then we went to a peak 15.84% on September 21th, 1981.
That was specular high for long term interest rates in the US.
And then interest rates went down until December 18, 2008 when the 10-year touched 2.08% and the 30-year 2.53%.
And since then the trend, in my opinion, has changed and people will be surprised how high interest rates will go.
FROM: Dr. Marc Faber, 7 April 2011, by Eric King (King World News) http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/4/7_Dr._Marc_Faber.html
U.S. 10-year yields touch highest in a month, by Deborah Levine (MarketWatch) http://www.marketwatch.com/story/treasurys-slip-europe-washington-in-focus-2011-04-06
This posting on ZH is essentially a cut-and-paste job from four or five different articles.
Make your own fucking point and then stop talking. This post makes Reggie Middleton look positively laconic.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.