This page has been archived and commenting is disabled.
Gold Spikes After BOE's Posen Demands More QE, Wants To Buy Corporate Debt
All is fair in love and central bank war. Which is why we see the following headlines from England, showing just how important it is in the global game theory, which has now turned to outright war, how important it is to defect first.
- BOE's Posen: I think further monetary easing should be undertaken in UK, subject to debate
- BOE's Posen: If QE does not work, then time for further fiscal stimulus, corporate debt purchases
- BOE's Posen: Additional monetary stimulus should begin in the form of addition QE gilt buying
- BOE's Posen: Possible that QE will not be able to create sustained recovery on its own
- BOE's Posen: Still open to argument, vote for easing at Oct. MPC meeting is not foregone conclusion
- BOE's Posen: Sees CPI falling well below target without stimulus, 1990s Japan style scenario possible
- BOE's Posen: Possible that QE will not be able to create sustained recovery on its own
- BOE's Posen: Most signs point to CPI falling well below target, wage spiral seems impossible
- BOE's Posen: Believes better BOE and more central banks did large-scale asset purchases together
Gold obviously jumps, cable drops, and central banks everywhere are battening down the hatches
»
- 6631 reads
- Printer-friendly version
- Send to friend
- advertisements -
not allowing markets to work leads straight to autocracy
these bailout people are monsters
perhaps you should try to keep up, the autocracy has been in place for 25 years
Actually, since the establishment of the FED in 1913.
speaking of manipulation, remember, we all have to be out of the pool by ten thirty.
Pools closed. It has aids.
See Pools closed meme.
Actually, since 1694 when the monster was unleashed
The monster begins to repent.
http://market-ticker.org/akcs-www?post=167687
Flexing the golden pipes--to the Creature of Jekyll Islands "Dark Creepy Heart"
http://soundcloud.com/toxigen/creepy-heart-dark-version
Give over to the light force, abandon the dark side.
+1
I think the monsters go to plan B around mid Oct when they realize the people arent buying any of it and are only getting more angry and hating all world leaders more, plan B pull the rug and go to world war final solution.
nope, the super worm that slithered into Persia's reactors has rendered war obsolete
super worm becomes sentient; decides humanity is superfluous; destroys all meat-bags; eats cereal out of the bottom of our skulls
don't discount the possibility
and never forget the aliens
or the black hole that CERN created
and the fucking Mayan's
http://www.bibliotecapleyades.net/exopolitica/esp_exopolitics_ZCb.htm
O o
/|\ /|\
/ \ /\
lol, nothing is impossible! I want to believe, yo!
World Wide Weimar!
Buying corporate debt? Why not simply buy the companies? Hey, guys, I have a great idea to terminate the crisis: going right back to USSR.
That would be too obvious. Don't forget, "Central Banks" are Karl Marx's idea in the first place. The trick it so blame this crisis on "too much freedom" and "too much capitalism" and convince the sheeple that what they really need is MORE RULES and LESS FREEDOM.
and let the people pay for it with an increase in VAT to 20% at the beginning of next year. Fuel prices are still not far off the record highs too because of the massive tax on it
Das Boot
"Dive! Dive! Dive! Emergency Dive."
http://en.wikipedia.org/wiki/Das_Boot
"MACHT SCHNELL BITCHES!!"
My parody of Das Boot posted at the Spoof
Submarine Nazis Gotta Die!
http://www.thespoof.com/news/magazine/submarine_nazis_gotta_die_5313.htm
Come on, couldn't you have widened your chart to show that 1 min, perhaps 1 milli-second, tick down to 1276.
This market is crazy.
http://www.telegraph.co.uk/finance/personalfinance/savings/8028884/Saver...
What a disgusting pig. Does he seriously believe consumer buying can save a $900,000 billion Ponzi scheme already fallen from the cliff? But coming from Keynesian retards, it doesn't surprise me.
I saw the interview on television last night,he said he did not see rates being this low for more than a "DECADE"...by then everyone will be wiped out....
My sister (who lives in the UK) has lots of debt and since rates have been low she has used the opportunity to go on more expensive holidays and build more debt...I think she is typical...what are the lows rates fixing?...the debt problem is just building and in the meantime savers are also being wiped out...it makes no sense....
I'm just happy I left the UK for Switzerland two years ago....
"Savers" need to start saving in the precious metals 'currency'.
Seriously guys. We need to starting building the gallows now. There are so many "bankers" who need to be hanged in the public square! What he says is so outrageous!
"Savers shouldn't necessarily expect to be able to live just off their income in times when interest rates are low. It may make sense for them to eat into their capital a bit."
Let's get those gallows started.
Who needs gallows when you have streetlights, trees, and cranes?
Or hell, let the mob tear them apart. More fun that way. People come away satisfied with a little chunk of a banker in a plastic sack. You know, something to mount on your wall, if you still have one. Food for your dogs, if nothing else.
Gold has been beaten down below $1300. I guess $1300 can hardly be breached this week. Silver is also down. Maybe it will suffer some pullback this week.
Patience, grasshoppah...
In fact, the better investment currently is cotton. Gold and silver are chugging along too slowly...I nearly fall asleep watching the performance of precious metals...
someone should explain the difference between a trade and an investment
1303.20
Silver just hit 21.75.
If this kind of chart doesn't wake you up, nothings going to.
Ops, sorry, your a minute to minute kind of guy. :>)
5 Years of GLD charted below.
Promoting the GLD is a mistake.
Tell me how to chart actual Gold (meaning the symbol) on Yahoo so I can post the chart and I'll be happy to leave GLD alone.
any old 45 degree angle ought to do....
on stockcharts.com the symbol is $gold
I think you can chart 3 years of weekly data for free - need a paid subscription to chart anything longer
you can search their site and find long term charts - here's gold back to 1980 along with the Dow for comparison
http://stockcharts.com/charts/historical/djiagold1980.html
For Yahoo, gold is xauusd=x.
http://finance.yahoo.com/q?s=xauusd%3Dx
Thanks but it doesn't give me anything more than a 5 day chart. I guess I will use stockcharts.com
http://goldprice.org/spot-gold.html
My hedgefund goldbitchez!! is now up from 27.8 percent to 30 percent.
I can haz braging about being financial genious on CNBC.
well here's ur wake up call: the gold vaults in london are empty!!!
the 100 to 1 fractional gold practices have been exposed.
angry depositors --- allocated accounts have been raided:
http://www.youtube.com/watch?v=iPvBQ1qscpg
the longterm perspective of the common fruitfly there, eigen.
Moin from Germany,
from the same institution that said this....
Bank of England Tells Old People to Eat Their Seed Corn, Um, Principal
http://www.nakedcapitalism.com/2010/09/bank-of-england-tells-old-people-to-eat-their-seed-corn-um-principal.html
Holy power trip!
It must be quite a rush.
When is the UK going to write down their constitution?
Now could be a good time to do it.
I was hoping for a gold down day so I could hear the cries of BLATANT MANIPULATION!!!!!!111
Oh well, how about a goled bitchez instead?
I don't know about you, trav. Sometimes you post some very interesting stuff and other times you post some serious drivel on here.
Personality disorder?
(I didn't junk you BTW, I save all my junks for Leo)
Right, because markets are never blatantly manipulated, and certainly not ones that tend to point out the lies of those in power.
Nice open on aapl...talk about reaming the people with stops.
Yes I noticed that.
This market is getting to be fucking joke. Anyone got a good chart we can share with the masses? I have some friends who are high on apple.
Off topic question, are you C.P.?
Sure its apple(s) and not banana skins?
"Time flies like an arrow, fruit flies like a banana!"
They just don't understand. Short of giving money away (which only has a temporary affect) low interest rates will not work.......it is complete insanity without evidence any of it will actually work in accomplishing anything but bankrupting the country. It is high time these idiots are shuffeled out of office ASAP.
Love the AAPL open down ELEVEN. hft with your juice sir?
If anyone held it long they should have been "wildly" suspicious with how it traded pre-market as it was hugely un-aapl like. But love the down 11 -- a beauty for anyone with a stop-loss....
They can buy outright my IOU's any day.
They're as good as governments, they'll never amortise!
They shoot buffalo, don't they?
In a memorandum sent to authorized purchasers, the US Mint indicated that their inventory of 2010 American Gold Buffalo Bullion Coins has been depleted. Furthermore, no additional inventory will be made available.
http://news.coinupdate.com/gold-buffalo-bullion-coins-sold-out-0466/
but you can bet the house that they'll plant more cotton
All right, we get it. Good luck eating that cotton (high in fiber, I guess!) :>D
0 Hedge! FFS!
Good to see BOE supporting gold prices by being willing to sacrifice the Pound. Would have been nice to see this announcement yesterday and really seen some fireworks. Global fiat race to 0!
doing the same thing over and over again and expecting different results...what was that again?
Insane bitchez!
Corporate wealfare, UK-style......
I guess Johhny Bravo is still smoking crack with Timmie?
He'll be back to tell us that he was right. Then he'll say that gold might go up to $1400 before plunging to $1100 (the ever moving goalposts).
That, or one of his sockpuppets will.
"Then he'll say that gold might go up to $1400 before plunging to $1100"
let's hope he will be right for once with that one...
BoE is saying lets all jump off the cliff together. We can figure who the winner is at the bottom.
AAPL gonna lead and if it leads like this pre-quarter end (QE) then may be a rough Oct
AEP at the Telegraph has finally realised the Fed's intentions,acknowledges rednecks from from Idaho with no formal education to speak of saw it before he did:
So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along. The Fed is indeed out of control.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007777/shut-down-the-fed-part-ii/
AEP at the Telegraph has finally realised the Fed's intentions,acknowledges rednecks from from Idaho with no formal education to speak of saw it before he did:
So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along. The Fed is indeed out of control.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007777/shut-down-the-fed-part-ii/
Only goes to show that every Conspiracy theorist out there has SOME insight into what's really going on.
Well, ya got love our close buddies the BOE for finally coming clean.
The Governer and Deputy Governer stated this mornin' that British "savers should stop moaning and start spending money".Deputy Dawg Bean also suggested that households can afford to suffer because they benefited from previous home price increases and for savers not to expect to live off interest.
http://www.telegraph.co.uk/finance/personalfinance/savings/8028884/Saver...
Hey Tyler,pass that jar of ALUM.....Here Governer, take a spoon full of this and just repeat those remarks.......ss-slaabb-bberrs th-th-thoouuld.....th-thh-thtop......yeah,yeah.
What if the world CB's, taking Ben at his word regarding new QE but understanding the political impracticality of his making major moves prior to Nov 2, individually or collectively decide to beat him to it in the next month? Brazil, now England, who else? Who knew it would be so hard to win the race to the gutter...
I'm no eCONomist, but it seems to me that debt in and of itself is speculative. That is debt is a wager that the future will be big enough to pay off existing debt, with interest. The more debt that has acumulated, the bigger the future will need to be. Sooner or later a realization occurs that the future will not be as big as assumed to pay off the debt. At that point the debt is either liquidated at fair market prices or it is inflated away which induces prices to rise in the eCONomy.
Banksters like higher prices since their game is always a step ahead however the foundation of the eCONomic system that is the laborer or the consumer must somehow pay for those higher prices with their labor. But as wages remain stagnant or declining those higher prices cannot be paid thus leading to a futher spiralling down of demand. In sum central eCONomic monetary planning is destructive to the real economy where labor and capital acumulation bid for price discovery on the exchange markets.
"Bluntly put" indeed! :>D
The UK Needs the pound to go sub US Dollar to inflate its bankrupt state finances down the line, Gordon Brown was doing a very good job and if he was re-elected I would of expected par by year end, The pound sterling is holding up well with the con dems thats the problem so back to talk the pound down,
Real inflation in the UK is around 7% currently which is probably inline with the BOEs desire but sterlings rise of late will reduce inflation possibly to the 2% range which would be good for savers workers etc but not good for the bankrupt banks so UK QE II here we come and declines in sterlings value to continue in ernest.
today £815 gold an ounce, Year 2015 £2500 per ounce the way things are going.
You really think this game has 4 years left in it?
No way. We'll wake up one morning, and realize the Gilts/Bonds/whatever has stepped over the edge.
One would think that the Queen is not amused.
She'll soon be asking the BoE to take her picture off the pound.
Nah. She'll love it. The uppity middle and lower classes will once again be servants to the rich.
At last. The proper social order restored.
Bow down and kneel, servant bitches.
Whatever happened to Mako?
got a felony DUI, skipped town, and is headed for the territories
Probably in a nuclear bunker somewhere in Idaho trying to outrun the "equation"
(seriously though, good question, I miss his posts as well)
At times Mako sounded alot like Mish. I kinda wondered about that.
Hey the Queens got it tough too you know,she's recently been knocked back for a Govt Heating allowance meant for the poor,officials turned the application down fearing the public backlash.
Hey never mind Queenie,you soon be able to heat all your palaces burning the new £100,000 notes Mervyn King is soon to be printing off for you.
http://www.bbc.co.uk/news/uk-11403544
"officials turned the application down fearing the public backlash"
Some fucking nerve!!!!!!!
So, no "nobless oblige" huh?
Mein gott!
On a totally unrelated subject did anyone see the mini flash crash in appl this morning, they took the stock down to 275 less than five minutes after the opening, no doubt triggering many stop orders, then rallied it back $10 almost instantly.
$1299 Bitches!
Correction $1301!
+1 Go Gold
PS. Since the Government thinks printing is a good thing, just give each sheeple a $1,000,000
1304
Can I get a $1309 (and an AMEN?)
Silver back to 21.48 from 21.07
Do not care about price anymore.It s all a fckng joke.
Just counting my ounces and know I ll be fine.
Try to get in as many friends and family as possible.
Adam Posen is not the only member of the UK Monetary Policy Committee to spout off with some worrying views over the past 24 hours. Last night according to notayesmanseconomics Charlie Bean said this.
“Savers shouldn’t see themselves as being uniquely hit by this. A lot of people are suffering during this downturn … Savers shouldn’t necessarily expect to be able to live just off their income in times when interest rates are low. It may make sense for them to eat into their capital a bit.”
This from a man with a fat salary and index-linked pension has created something of a media storm in the UK.
http://notayesmanseconomics.wordpress.com
Sounds like Charlie Bean will soon be a has-bean (or is that "Mr. Bean?") :>D
If he want's people to spend more, why doesn't he purchase consumer debts..? Wouldn't that be the logical conclusion, how do you translate wanting increased consumer spending into buying corporate bonds?.. seriously, how do you do that! ..what does buying corporat debt even do? ..gosh, it's very hard to listen to what is said out of the UK.
Regarding Apple Karl Denninger was bloging and considering a short play I assume a follow up will be imminant and a told ya lol,
My earlier comments of the sterling gold price in 4 years probably should be 4 months lol
further evidence that cash is trash. nothing more. and "it" always has been trash.
Good Lord, he didn't rule out anything. Buy gold.
In 1975 I have the GBPCHF at 5.805 at the high, today it hit 1.537....nothing else needs to be said....
i love zerohedge policy cheap hosting