Gold Surges To New All Time Record

Tyler Durden's picture

Market regulators forcing short squeezes? Check. Central banks using mob-style gimmicks to push the price of "assets" around? Check. Market confidence back to 100%? We'll have to get back to you on that. Gold spot just touched on a fresh new intraday all time high of just under $1,579... and is going much, much higher. After all, the most important question - Everyone is broke? Check.

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malikai's picture

Tomorrow is Bastille day. Are we ready to party like its 1789?

66Sexy's picture

Simple solution.. Trade international banker digital debt money for physical gold and silver.

Then default, And laugh your ass off. WTF are they gonna do? Invade European states with the US Navy?  

The IMF has no choice but to extend and pretend.

Hell, If i was a european ruler, I would take the free money and trade it for Precious metals.

Then shoot that 'ol devil in the ass...

Ranger4564's picture

Hello UN and Africom Peace Keepers... installing martial law... forcing compliance.  Wait and watch.

SheepDog-One's picture

LOL, blue helmets make such great targets.

GetZeeGold's picture

 

Kinda like aiming for the ball cart on the practice range.....you just gotta do it.

 

Helena Bonham-Carter's picture

Rob me the exchequer the first thing thou doest, and do it with unwash'd hands too.

Sudden Debt's picture

Maybe this time, everybody gets free cake?

Esso's picture

Ooooooo, I hope it's that cake with the yummy, whipped icing. I could live on that!

MayIMommaDogFace2theBananaPatch's picture

You'll get urinal-cake and you'll LIKE IT too.

Ponzi Unit's picture

Marie Antoinette, when told the people had not so much as a crust of bread, suggested they eat the soft portion of the bread instead, the cake.

Quintus's picture

And POW! suddenly it sells off $5 just like that.

SheepDog-One's picture

I'll take gold up +$10 every morning no problem, better than any bubble 100 P/E stock out there.

mmlevine's picture

I keep shorting and 100 p/e stocks and getting killed.  Suggestions?

malikai's picture

Stop going short and start putting PMs in hand.

SheepDog-One's picture

Yea, step away from Bernank's rigged casino.

DaveyJones's picture

the rule for cliffs and casinos

mmlevine's picture

I consider myself a fair and decent family man.  I do not booze, womanize or even speed (too fast) over the limit.  So I am a little simple - more so than the average man.

Shorting LULU, NFLX and AAPL, (by buying puts) has been my way to express my simple opinion that stocks are way overvalued and in the end, common sense should prevail.  It has not happened yet and I am the poorer for it.  However, I must continue.  I often ask what if others took a stand and rendered an opinion - would I have been made right? 

The world is imploding around me and I must in good conscience keep expressing my opinion in the only way I know how.

FeralSerf's picture

As dollars become worth less it takes more of them to buy those shares of AAPL.  Maybe you should think about shorting dollars instead?

impending doom's picture

If you knew what a hedge was, then you would not be worrying about downside risk. It is like calling car insurance downside risk. A hedge involves using 2 risky positions to place a floor on your potential loss. I am perfectly okay with losing the $5000 or so in insurance premiums that I put up to protect over 70k in metals.

mmlevine's picture

So I should buy AAPL, NFLX and LULU calls as well?  That would be my hedge - correct?

tarsubil's picture

Gold is not surging or suddenly selling off. Gold is marching. Like Basil the Macedonian, it's like the slow creeping inevitability of hot liquid mag-ma (or lava for sticklers). Only buy what you can hold in your hand, IMHO.

Mitch Comestein's picture

Gold bitchez.  There I said it.

averagejoe's picture

Tick tock.  Euro facing into the abyss.

Silverhog's picture

Record price in the middle of the doldrums. Look out September!

Twindrives's picture

Obama, eat your peas bastard.  We have gold. 

smartknowledgeu's picture

but only in terms of current de-valuing fiat money and unadjusted for inflation. adjust for real inflation (not the bogus "official" inflation numbers released by the US govt) and it's nowhere near the all time record hit in 1980. not even close.

Twindrives's picture

Obama, eat your peas bastard.  We have gold. 

SheepDog-One's picture

And even more important, lots of guns.

MachoMan's picture

He has more and better trained people to use them...  I think the better argument is that we have more cannon fodder and a genuine desire for change...  the latter being about all that is necessary to effectuate change (although the bar keeps getting set higher as our killing/confinement machines keep getting more advanced).

DosZap's picture

He has more?, no we have far more...............we are Legion.

But, is the will there?.

We shall see if it get's too onerous.

Clay Hill's picture

 

Agreed, sir, we have many, many, more.

Now, if we could work out that air power thingy...  :-)

DosZap's picture

They already have a MAJOR contingency plan for that.

There is a lot of Under the Radar backdoor regs fixing to come out via Exec Orders.

Obama and the Brady Bunch, and company are all working feverishly to aid us in their removal.

Obama just allowed passage of the two longuns a week act,so the BATFE boyeez can track the southern states.

sales.

You know like Fast n Furious.

LOL

Hypocrites all.

bigwavedave's picture

update the chart Tyler. i dont think i have seen supression like this in 20 years.

DiveGerl's picture

I have a hard time believing this rise is not a coordinated and planned one! Or is just time for everything to finally go to hell in a handbasket?

SheepDog-One's picture

Ive never heard of central banksters, politicians, or financial media whores wanting gold to go up, ever.

FeralSerf's picture

I've not heard of eaters wanting food to go up either.

Internet Tough Guy's picture

Volatility is very low; gold is being walked higher.

francis_sawyer's picture

"being walked higher..."

BINGO (see longer comment below)

bigwavedave's picture

i urge all those who are long gold. phone your dealer now and as for a quote. BID only quote please. or else you are gonna get stops run way below... this is insane action!!

SheepDog-One's picture

Im not 'long gold'. Im 'hold gold', for when they blow apart this stupid dollar with their maniacal monetizing.

bigwavedave's picture

yeah you hang in there old timer. why not just give a heads up to some other readers who might just be tempted to jump in some paper gold on this move? right.. coz you only give a fuck about yourself.... enjoy!