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Gold Surges To Near $1,250, As Stealthy Flight To Safety Accelerates, Stocks Oblivious
As stocks continue to correlate with exactly nothing, and are once again lost in their own HFT dreamworld, which fools Atari in believing the toxic crap it is churning millions of times each second is worth something (and the exchanges gladly continue to pay liquidity rebates for said churn), the capital continues to quietly flow to safety. The EURCHF is now persistently hugging the 1.29 line, which a mere month ago would have sounded like suicide for the SNB, the 2s10s30s is unchanged on the day, as the treasury complex refuses to budge, and lastly, gold, which has surged from $1,234 to almost $1,250, as ever more money is put into safe assets. As usual, stocks (especially the high beta variety) are the last to get the memo. Once they do, the snapback will, as usual, be vicious.
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What about Sprott buying physical silver for the new fund. I wonder how the approval process is going.
Oh yeah - silver baby! Let's call Jimbo Rogers so he can tell us how far below it is all time high. I would like a ringtone where Jimbo screams profanities (truths) about Benny, Timmay and socialism for the rich.
Ok, so that brings us to the guess of the day. Stocks and bonds will now start correlating. Bonds will sell off first, follow by equities a while later (their bonds retarded little brother after all). Panic will ensue, and retail will be the last ones to get out.
Oh yeah - silver baby! Let's call Jimbo Rogers so he can tell us how far below it is all time high. I would like a ringtone where Jimbo screams profanities (truths) about Benny, Timmay and socialism for the rich.
Ok, so that brings us to the guess of the day. Stocks and bonds will now start correlating. Bonds will sell off first, followed by equities a while later (they're bonds retarded little brother after all). Panic will ensue, and retail will be the last ones to get out.
How to Pick up Chicks: Johnny Bravo Style
http://www.youtube.com/watch?v=xnGnl-UElVA
Careful, or he'll:
http://www.youtube.com/watch?v=VLnWf1sQkjY
That Molly Sims (Delinda Devine from tv show Las Vegas) is... not bad.
Not bad at all. Question: Is the chick in the grocery store Meadow Soprano?
Yes, it is. Good eye.
Meadow Soprano, she definitely confused. now doing the entourage guys, giving massages with straight eyes.
Check out Johnny in real life.
http://www.youtube.com/watch?v=2x9aTC12OjY
Laughed my ass off.
See, this is why I'm more valuable to zero hedge than any of you parroting fools.
More people come to threads to "try" to bash me than anything else.
Do you really think that some idiot on the internet posting a you tube video I'll never watch is going to affect me in any way?
In the meantime, TD makes a killing because of the traffic I drive to his threads, even when I'm not there!
Johnny Bravo, superstar
"Johnny Bravo, superstar" so is the guy in the video clip. for the same reasons.
I wouldn't know, I haven't seen it.
What I do see is a bunch of people who bought gold at 1300 an ounce laughing because it's worth 1250 now.
You're down 4% from what you bought it for, and you gloat?
LMAO!!!
JB doesn't know what he's talking about: http://cgi.ebay.com/1-OZ-FINE-GOLD-50-AMERICAN-EAGLE-COIN-1986-/18055412...
http://www.goldprice.org/ebay-gold-prices/
i bought it at $ 780 in late 2008. and yes i am lmao
Why don't you buy more then, if it's going so much higher?
You don't sound so convinced that it's going to 54000 if you haven't bought since 2008.
Why don't you buy every extant share of what you consider to be the stock with the most profit potential?
It hit $3401 yesterday, where were you ???
L O S E R 's
http://www.youtube.com/watch?v=D1Z2jaPN2dU
Those in Germany can still buy the 10 Euro silver commemorative coins at the banks for face value. It has 1/2 oz silver in 92.5 purity
That is how I have my silver. There is no down side risk since it is legal currency and always worth 10 Euro.
However the silver content is right now about 7.70 Euro. If Silver is at $20 and the 1 Euro = 1$ then it is in the money.
You can get them at the Bundesbank for about a week after the new issues. The new issues come out on the first Thursday in the month in May, June, July, Sept, Oct and Nov. The first day they limit the purchases. I go the Monday after and they let me buy 25 in a roll. I find most of the Sparkasses have the coins. Some sell the coins only to customers who have ordered them. Every now and then you go to the bank and can buy 20-30 at once due to a customer cashing out his commemorative coin collection.
Be careful when buying a lot of the coins at once as people mix in the old 10 DM silver coins, which for many years were 625 silver. The coins from 1998-2002 are the best buy at 925 Silver if you find them.
I have been in more silver lately, ready to pull the trigger again if the cartel can bring it back under $18.00. If they fudge the unemployment claims on Thursday enough to squeek something positive, that might just be the day to buy.
I was hoping for one more down below $17.05...but I may not get my wish.
I see it bouncing off $17.50 mostly. It may not return there either though...
This is great news for Gold. But I'm not going to buy any more Gold until this Fall's biannual market crash. I hope to get some Gold at a great discount when Wall Street pimps need to liquidate to make margin calls. How delicious, it makes me hungry just thinking about it.
Hey JB Where are you ? you are reading and junking comments related with your name but dont you have guts to write here ?
This is the first time I've logged in all day, douche. I didn't junk anybody's thread.
I have a life that goes beyond replying to mongoloids that circle jerk each other every time gold goes up a few dollars.
I might log in here once a day, and I haven't today until like 5 minutes ago.
I do things with my life. I don't make conspiracy theories all day.
Yup, he's too busy circlejerking with Douchinger and John Nadler and studying to do his grandma's taxes.
What I don't get is, if the news is that the Fed is actually less gung-ho for QE than Ben made it sound, how is that bullish for precious metals? They seem to simply be moving in inverse to stocks.
Earlier I made a short-term bearish case for gold, if QE isn't forthcoming as quickly as expected. Looks like I was wrong.
By the way, I haven't junked anybody in this thread, FYI.
Somebody else is junking the immature douches that talk about me 24/7.
It wasn't me.
Wait a second. I just realized that today is the end of the month. Isn't the cartel supposed to smack down PM's at the end of the month?
They're probably making puts expire worthless, since gold was down at the last time options expired.
Also, today and the last few days prove that gold doesn't just go down on the COMEX.
Of course, next time it goes down, people will be talking about "Gold only goes down on the COMEX. It never goes up!"
And then you'll point out today, get junked, and idiots will breathe through their mouths and yell "GOLD BITCHEZ!"
You gotta admit Johnny that your pessimism about gold has been misplaced recently. It's still a bull market in PM's.
Most people are all in, midtowng, in that much larger concurrent bull market of doing what Uncle Scam says, so you are wasting your breath.
Again, can't see the trend for the price movements. Don't screw up Grandma's taxes, you moron.
Also, today and the last few days prove that gold doesn't just go down on the COMEX.
Jonny, have you seen the chart of the average hourly change in the gold price for the last twenty years? The average is a huge drop during Comex hours.
I told you not to use that argument anymore
Well this turned into another crappy gold thread.
Jonny, you have disgraced me
Kids always dissapointing you.
http://knowyourmeme.com/photos/5258
Always invest with the primary trend.
Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.
What is ment by gold 54.000 is that gold has the potential to rise to infinity but
only in price in other words against fiat money.In value gold will reach a top against
other asset classes,like shares and houses.Will trade part of my pm holdings when I see
true value,only a moron would sell his core position now.
I keep waiting for a price beat down on PMs so I can (finally) get in. I keep waiting....and waiting....and waiting. Seems to me now though like the train is leaving the station and it might just be time to jump in--with both feet.
They have to get out slowly and steathly because if there is a panic at the wrong time, then they would lose their money as fast or faster than all the rest trying to get their money out. This artificial market is going to burst and many people are going to lose a crap load of money and their savings and even parts of this economy when it does.
Interesting. What makes you say that?
you better not B n my bedroom.
Interesting. Why would you say that?
late Q3 + Q4 - good times for gold, silver historically.
http://www.cnbc.com/id/15840232?video=1579315528&play=1
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