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Gold Surges On False Rumor Of ECB Fat Finger: Instead Of Buying PGB, A Confused Trichet Hits GCG
Just kidding. More importantly, it now appears that the $1,400 barrier in spot gold will be breached shortly.
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Gold longs almost out of the woods.
And Silver,Palladium, Platinium...
Could be a reversal day¡¡¡¡
Short EUR/CHF till 1.18
seriously excellent day as JPM was not able to contain gold or silver. gold is now fighting to take the 1400, silver, 29
silver takes 29, its over....we go to 30 in a heartbeat.....
crash JPM buy silver NOW.....help us take the 29 mark
+1
For those not comfortable taking physical delivery (and it's a serious barrier), Sprott Physical Silver Trust (NYSE Arca: PSLV; TSX: PHS.U) is a safe (and IMHO effective) alternative (stored in Canadian mint with transparent 3rd party audit) is now open for business.
'Those not comfortable taking physical delivery'....I cant figure out what youre talking about. You mean some feel more comfortable buying something and letting market manipulators hold it?
I could see the case of a 401k been converted to PM's with Sprott fund might make sense for those who do not want to pay the tax and penalties. Also, some people might end up with a fairly large safe worth of PMs if they take delivery and feel uncomfortable with the idea.
Me, I just have a big safe. And guns. And outside of my immediate family (wife and kids), no one knows what I have.
Christmas rally, HO HO HO.
Tyler and ZHmembers,
Place an eye to LONG VIX...20@area
Slowly adding VIX VXX...
Yup. VXX hammered today. Back to complacency for everyone. Nothing can possibly go wrong.
Painting a right shoulder on gold chart is becoming difficult. They may switch to painting a double top instead once it hits 1415.
those fad fingers...always scary...thank God there is the Fed that will keep us safe...
The head and shoulder is now John Holmes at full erection
exactly
(shameless plug)
http://tfmetalsreport.blogspot.com/2010/12/here-comes-fun.html
Have been long CEF quite heavily since May of 2009 in the 12's. But recently added to SLV. Long SLV since fall of 2008 when was mother of all gifts.
Am also long AOB which I like very much now.
SLV>>>> you are still giving aid and support to the enemy? hello....real silver people are in a genuine silver fund -- PSLV
CEF is approx 50% silver and 50% gold...you are good with CEF....get out of SLV
WTF is AOB?
WTF is AOB?
Who called that? Turd Ferguson rocks!
thanks
posted elsewhere, but...
Hong Kong gold market hit by sophisticated scam
Hong Kong goldsmiths have been sold hundreds of ounces of fake gold this year in one of the most sophisticated scams to hit the Chinese territory’s gold market in decades, the FT reports. Industry executives say the scam - while not massive and hitting only the retail sector - uncloaks the increasingly elaborate gold swindles perpetrated by criminals in Asia as bullion prices soar to record highs of $1,400 a troy ounce.
I find this exceptionally hard to believe.
Getting fake Gold buy Hong Kong Goldsmiths, is like beating China at running a surplus.
Also, sure would like to know what the fake gold came disguised as.
from the article...
At least 200 ounces of fake gold have been sold to Hong Kong jewelers and pawnshops, the Financial Times reported, citing a group of goldsmiths in the city.
Counterfeiters used a pure gold coating that masked a complex alloy with similar properties to real gold that was discovered by industry executives, the Financial Times reported. Bullion surged 27 percent this year and is set for a 10th annual gain as the dollar dropped and investors sought a store of value.
“This type of product was so high-tech,” Law said. “It should be very unusual. I don’t think there will be more cases.”
i bet it was benny!
Or maybe its very widespread.
In other words, by some intellegence agency. Which one, I wonder?
I look forward to hearing to the financial media report on this.
"The useless metal that only idiots would buy went up again today... Coming up after the break we will talk about gold buyers as if they were retarded school children...."
+1 short yellow bus
+ 69 occupants (doing the act of 69) with 1 driving fool
(thanks FWTTB, needed that laugh, that was hilarious)
++
I wish these dog stocks in my retirement account would start moving:
AU
GOLD
IAG
So far, I'm suffering from "Scroomers Remorse" by sitting on these instead of chasing the likes of CROX and KKD...
LOL....
So you don't like gold then?
Yet another desperate cry for help from Robotrader. It appears gender confusion is not his only neurosis; is there a PhD in the house?
No, no, not that kind.
RT, will you continue to post pictures of your temperament as gold rises? I want to see the photo at 1500 where you're dressed in sack-cloth while weeping and gnashing your teeth, mainly because I've never seen anyone gnash anything. Pretty please?
why the silver selloff???
I dunno, why the 50% increase since September? Why is anything anything?
haha +1
Not this kind, either.
Posted this on another ECB thread but it needs repeating as it sums ups the Euro debacle perfectly for me.
However Charlie has won not because he is a good boy but for having kept the golden ticket.
www.youtube.com/watch?v=F9gRzmCf1EI
Depends on where you get in fella, AU has seen me real nice for the past 6 to 9 months.
Obviously you didn't "Buy the fucking dips".
;)
Your stawks arent movin Robo? Aw thats a shame...maybe call Bernank see if he can turn a HFT on some of that crap.
Anybody got some good links about Platinum, Palladium and Rhodium?
ZeroDebt
Use
Kitco.com
London Metal Exchange
Comex
or
more easy
finviz.com
Gold and silver heading higher while massive POMO and ECB flooding operations are ongoing is all the proof anyone grounded in reality will ever need to see that the biggest threat to the elite is a growing willingness on the part of larger and larger %s of the population to divest from fiat currency.
This event is an economic and political lesson real time.
In fact, I think it can be credibly argued that Bernanke is accelerating and exacerbating the trend.
Will genuine Federal Reserve infighting, and maybe a mutiny that overthrows Bernanke and Bernakenomics, result?
"We'll see," says the Zen Master.
After finding out the Fed loaned out 9+Trillion to everybody and their dogs, on the sly.
And Americans are getting ready to get Franked yet again, anyone not holding a lot of PM's are fools.
We can throw the IMF 73 Billion, and we can loan to UBS, and every other bank on the planet Trillions, and our taxes/losing wriote offs, are going thru the roof, because WE cannot afford the debt?.
New rope, and hangings are in order.IF we dont not shut the Fed down,WE ARE INSANE.
We can't do Americans UE, but we can bail out Ireland, and the EU.
santa is coming early mates..
And silver hits $29.00. Ouch.
Silver has breached $29 3 times today and something keeps pushing it down.
As Turd would say, Blythe and her flying monkey brigade.
Gensler (dick in hand):
"But Jamie, we did everything you asked; looked the other way; raised margin; it's not our problem is you can't find any more silver."
Flying monkeys (from the "Wizard of Oz"), were called "Winkies", a mashup winged monkeys. Someone should tell Mr. Ferguson.
give it a little while longer...29.40 just over the horizon
it was max keiser!
Keep your eyes on AAPL, already sucking a little wind now at 316.5. If it takes out 310 today and the mkt is going to open 300 points lower tomorrow
Uh which market are you watching right now? Apple is up 0.81 to 317.21. It would have to reverse AND drop 2%.
Margin shenanigans on the way.
Wont be surprised if they pull that crap over the weekend, effective on open lol.
That just means that physical goes on sale, buyers come in and take inventory out of the market, and the price makes a higher high 2 to 3 weeks layer. Margin shenanigans are "buy the f'ing dip" opportunities. Didn't you see this mornings video?
1 month and 12 days till Sinclairs' long promised $1650 for Gold. December should be fun...my money says it gets there
More like selling into the PM fix has ended.
Y'all ain't seen nuthin' yet!
I aint buyin nuttin... I'm bankrupt...
Charge some PM's.
MAX out any cards you have left, the Fed doesn't mind maxing us out x's 1,000,000,000.
People do realize that if enough of the sheeple wake up, it's game over for the Federal Reserve, right?
Nothing can stop the sort of revolution Keiser is advocating with his 'buy one silver coin' campaign.
Although his campaign focuses on JPM and its price-fixing racket, the campaign works the exact same way at writ large, as it would apply to central banks that are able to print (directly, or indirectly - by causing the treasury to print, as in the case of the U.S.) fiat currency.
This is Ben Bernanke's, Jean Claude Trichet's and every other central bankers' achilles heel and kryptonite.
And this is why I honestly expect governments to adopt some fairly radical barriers to purchasing alternate currency if this trend continues, lest they be neutered and shown as the naked swimmers they are as the tide continues to recede.
Hope sheet 925 for jewelry making helps.
i miss Johnny Bravo :( ;)
I miss Chumbawumba!
Me too, bitches.
Anyone ever seen Johnny and Chumba together, in the same room?
Heh, those were fun threads.
i U S E 2 miss cheeky, no more.
Print more money Silver up.
crazy action in EUR/USD, looks like many trades done below market. Anyone else seeing the same thing? Weird thing is, I just had some way OTM calls I own as a hedge bought away from me right before the strange action...
PM's bitchez!
Just bought some Christmas silver rounds...$31.98 ea, Morgans $29.98. 3% surcharge for credit card, cheap flat rate, based on $ amount of purchase. Grandkids will not be pleased. Merry Christmas JPM!
http://www.coin-rare.com/christmas-round.aspx
The Bernank certainly coughin up blood, no ones buying his stock rally or bonds, he can keep that BS churning to frothy foam all he likes Im buying silver.
Tyler, F A T fingers with GOLD rings on them.
why the silver selloff???
why the sudden drop in gold futures???
"Investors" just heard that the Philadelphia Fed wants to print more money. Obviously bad news for gold. Also, gold she is in a bauble, so "investors" want safe haven assets like stock in BAC.
hehe.. funny man..
This is very dangerous action. That smackdown from 1400 and 29, respectively, just a few minutes ago is exactly what you see before the monster move higher in commodity bull markets.
GG
when do you know to get out???
when do you say, I was WRONG???
You get out when you take physical delivery.
hehe.. good one..
could sellers be "attracted" to a market order stop in futures???
Takin a Hurtin in the Jan11 contracts!
Sorry zombie flakes, but GOLD is down today. It will keep falling to $1000/oz.
Put the fucking crack pipe down already.
Brillian argument. Which special ed program did you fail asshole?
haha. The 80's needed a HUGE crash for the information technology revolution. It didn't happen. It was barely a long recession. Because things didn't go so well this crash has to be really big, really long and really painful.
Some say it won't work. That people won't tolerate it. That it's too much exposure to dangerous situations. Those people are probably right. In fact the information revolution may not even stick. It might all burn to the ground and you'll have to start over with retards because smart people won't lift a finger.