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Gold Swoons After Central Banks Promise To Never Debase Currencies Again

Tyler Durden's picture





 

Very much as expected courtesy of 100% correlations, and following the earlier drubbing in the EURUSD, gold is now falling after the central banks of America, Europe, and Asia have all issued press releases they are henceforth ceasing all currency debasements and will never monetize debt ever again. Seriously, though, following the parabolic move higher earlier, as the widely predicted and expected correction is taking place (see Rosenberg's note from yesterday), which has brought gold to the level last seen two long days ago, all the new price does is provide a cheaper entry point to a self-created gold standard. Thank you LBMA.

 


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Thu, 10/07/2010 - 11:19 | Link to Comment outamyeffinway
outamyeffinway's picture

Yes, thank you. These high prices were really discouraging me. There's much more to be bought!!!

Thu, 10/07/2010 - 11:27 | Link to Comment unwashedmass
unwashedmass's picture

 

i want to thank all involved in the gang rape. allowed me to buy in on a number of quality miners, and realign my futures contracts....

thanks.

Thu, 10/07/2010 - 11:34 | Link to Comment cat2
cat2's picture

Yes I am waiting for a big pullback to buy more.  I hope it keeps falling for a while.

Thu, 10/07/2010 - 11:37 | Link to Comment etrader
etrader's picture

Its just the usual weighted take down before a -ve NFP

Thu, 10/07/2010 - 13:19 | Link to Comment Helix6
Helix6's picture

Re: Yes I am waiting for a big pullback to buy more.  I hope it keeps falling for a while.

Mmmmm...  this might be a time to think in terms of "dollar cost averaging"...

On the other hand, just about every other market is somewhere in the vicinity of an insane asylum.  Why not gold too?

Thu, 10/07/2010 - 11:37 | Link to Comment dlmaniac
dlmaniac's picture

hoho, to those who trade gold/silver that May 6th equity market flash crash is a non-event as it happens all the time @ CRIMEX.

Thu, 10/07/2010 - 13:19 | Link to Comment Turd Ferguson
Turd Ferguson's picture

From earlier today:

 

by Turd Ferguson 
on Thu, 10/07/2010 - 07:16
#631788

 

I would be wary of being long tomorrow morning at this time. The Evil Empire will seize any moment they can to cause a sharp pullback by scaring out the new weak-handed, momentum-based longs.

The BLS BS that will be released in 24 hours will somehow be construed as enough of a surprise to cause some type of short-term, short-squeezing dollar bounce. The EE will then try, once again, to paint the tape with an "outside reversal day"...maybe drive gold back down through 1350 toward 1330. The question is, will our buyer(s) of size step in and bring gold back to down only a few dollars? Recent history suggests that they will. They've got the EE on the mat. There's no sense in letting their collective feet off their throats.

update: 1:05 edt

OK, the EE did exactly what they were expected to do. A slight whiff of a dollar bounce and its off to the races in selling gold. As predicted, the buyer(s) of size have shown up and stopped the selloff at 1327. I've got about 1335 last. 

Unless gold can rally back up and close above yesterday's intraday low of 1343, the chart will have been painted with an outside reversal. This most likely means gold will be now be range bound for the next 7-10 days between 1310 and 1360. In times past, it might mean even more sustained downside but at this moment in history, fundamental supply and demand trumps TA. 

I'd still expect some fun and games after the BLS BS report at 8:30 tomorrow. Almost certainly the report will be construed as $ positive, causing an extension of the present short-squeeze rally. The EE will seize upon this and drive gold down to the 1315-1320 range. If this happens, you will have a moment in time for a great entry point in both gold and the miners.

If this all plays out as I expect it will. Gold will finish up the week right around here...1330 or so. Still a very solid week. Next week would be further range-bound consolidation in the aforementioned 1310-1360 area before the fun begins anew later in the month. $1500 by 12/10/10 is still in the cards.

Remember, the end of the great Keynesian Experiment is upon us. Prepare accordingly.

 

 

Thu, 10/07/2010 - 13:41 | Link to Comment gmrpeabody
gmrpeabody's picture

Spot on.

Thu, 10/07/2010 - 14:56 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Thanks. One more thing...the EE did successfully paint a reversal day on the tape today. Watch very closely over the next few days. If they're able to paint another one next week before we can generate a close above 1365, they will have set the stage for a correction back down to the 1270 level. It will be nothing but a simple 5-6% correction in an overall bull market but it will be quite painful to watch, nonetheless.

Regardless of whether or not the correction develops, gold will still trade at $1500 by 12/10/10.

Thu, 10/07/2010 - 16:44 | Link to Comment desgust
desgust's picture

+1 Thanks!

Thu, 10/07/2010 - 17:25 | Link to Comment apberusdisvet
apberusdisvet's picture

Silver to $30 by January.  Just bought some more @ 22.57, although I think that it could go lower tomorrow; a psychology play for the weekend by TPTB.

Thu, 10/07/2010 - 17:30 | Link to Comment apberusdisvet
apberusdisvet's picture

Silver to $30 by January.  Just bought some more @ 22.57, although I think that it could go lower tomorrow; a psychology play for the weekend by TPTB.

Thu, 10/07/2010 - 11:23 | Link to Comment PlausibleDenial
PlausibleDenial's picture

O/T, but certainly "dealing" with governmental criminal behaviour and manipulation. Obumers administration and Timmy's cronies should all be shot.

Subject: Chrysler--A Very Dirty Story

UNBELIEVEABLE!!  Chrysler--A Very Dirty Story
 
 Sooner or later it will all come to light!
  
This could be a scandal of epic proportions and one that makes Nixon's Watergate or Clinton 's Monica Lewinsky affair pale by comparison.
  
Why was there neither rhyme nor reason as to which dealerships of the Chrysler Corporation were to be closed?
  
Roll the clock back to the weeks just before Chrysler declared bankruptcy. Chrysler, like GM, was in dire financial straits and federal government "graciously" offered to "buy the company" and keep them out of bankruptcy and "save jobs."
  
Chrysler was, in the words of Obama and his administration, "Too big to fail," same story with GM.
 
The feds organized their "Automotive Task Force" to fix Chrysler and GM. Obama, in an act that is 100% unconstitutional, appointed a guy named Steve Rattner to be the White House's official Car Czar - literally, that's what his title is.

  
Rattner is the liaison between Obama, Chrysler, and GM.
Initially, the national media reported that Chrysler 'had made this list of dealerships'. Not true!
  
The Washington Examiner, Newsmax, Fox News and a host of other news agencies discovered that the list of dealerships was put together by the "Automotive Task Force" headed by no one other than Mr. Steve Rattner.
 
Now the plot thickens.
  
Remember earlier we said that there was neither rhyme nor reason why certain dealerships were closed?
  
Actually there's a very interesting pattern as to who was closed down.  Again, on May 27, 2009, The Washington Examiner and Newsmax exposed the connection.
 Amazingly, of the 789 dealerships closed by the federal government, 788 had donated money, exclusively to Republican political causes, while contributing nothing to Democratic political causes. The only  "Democratic" dealership on the list was found to have donated $7,700 to Hillary's campaign, and a bit over $2,000 to John Edwards. This same dealership, reportedly, also gave $200.00 to Obama's campaign.
  
Does that seem a little odd to you?
  
Steve Rattner is the guy who put the list together. Well, he happens to be married to a Maureen White.  Maureen happens to be the former national finance chairman of the Democratic National Committee. As such, she has access to campaign donation records from everyone in the nation- Republican or Democrat. But of course, this is just a wacky oincidence," we're certain.

  
Then comes another really wacky "coincidence."
On that list of dealerships being closed down, a weird thing happened in Arkansas , North Louisiana, and Southern Missouri .. It seems that Bill Clinton's former White House Chief of Staff, Mack McClarty, owns a chain of dealership in that region, partnered with a fellow by the name of Robert Johnson.    
Johnson happens to be founder of Black Entertainment Television and was a huge Obama supporter and financier.
  
These guys own a half dozen Chrysler stores under the company title of RLJ-McClarty-Landers. Interestingly, none of their dealerships were ordered closed - not one! While all of their competing Chrysler/Dodge and Jeep dealership were!
  
Eight dealerships located near the dealerships owned by McClarty and Johnson were ordered shut down. Thus by pure luck, these two major Obama supporters now have virtual monopoly on Chrysler sales in their zone. Isn't that amazing?
  
Go look in The Washington Examiner, the story's there, and it's in a dozen or so other web-based news organizations; this isn't being made up.
  
Now if you thought Chrysler was owned by Fiat, you are mistaken. Under the federal court ruling, 65% of Chrysler is now owned by the federal government and the United Auto Workers union! Fiat owns 20%. The other 15% is still privately owned and presumably will be traded on the stock market.
  
Obama smiles and says he doesn't want to run the auto industry.
  
As horrifying as this is to comprehend, and being as how this used to be the United States of America , it would appear that the president has the power to destroy private businesses and eliminate upwards of 100,000 jobs just because they don't agree with his political agenda.
  
This is Nazi Germany stuff, and it's happening right here, right now, in our back yard.
  
There are voices in Washington demanding an explanation, but the "Automotive Task Force" has released no information to the public or to any of the senators demanding answers for what has been done.
  
Keep your ear to the ground for more on this story. If you've ever wanted to make a difference about anything in your life, get on the phone to your national senator or representative in the House and
demand an investigation into this.
  
Benjamin Franklin had it right when he said, "All that's necessary for evil to triumph is for good men to do nothing."
  
Car Czar No More
An amazing thing happened as this story was going to press. Obama's Car Czar, Steve Rattner, resigned on July 13 and was promptly replaced by former steel workers union boss Ron Bloom.
  
According to CBS News, Rattner left "to return to private life and spend time with his family."
 
 
Treasury Secretary Tim Geithner said, "I hope that he takes another opportunity to bring his unique skills to government service in the future."
  
By the way, Rattner is under investigation for a multi-million dollar pay-to-play investment bank scandal in New York ....  
Uh-oh!
  
But, we're certain that had nothing to do with his resignation. And, according to several news sources out there, there are rumors he's being investigated for what could be pay-to-play scandal involving the
closing of Chrysler and GM dealerships. Really?
  
Again, that couldn't have anything to with his resignation-that's ridiculous!
  
Like CBS said, this guy just wants to "spend more quality time with his family."
  
Obama has 32 personally appointed "czars" who answer to no one but him, all of whom are acting without any Constitutional authority. But hey, we're sure they all have "unique skills,"... as Tim Geithner likes to say!
  
SOOOOO. HOWS THE CHANGE WORKING FOR YOU?..
  
Check it out at the following websites.....
  
 http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Furor-grows-over-partisan-car-dealer-closings-46261447.html
  
 http://www.washingtonexaminer.com/politics/Obamas-auto-policy-All-in-the-Democratic-family-44414452.html
  
 http://www.washingtonexaminer.com/politics/Obamas-auto-policy-All-in-the-Democratic-family-44414452.html
 
This goes from beyond corruption in high places - to gross criminal actions on the part of our government!
  
I hope you will spread this far and wide, and hopefully the taxpaying public will demand some of that transparency we were promised...... followed by criminal prosecution of the perpetrators!
  
Thu, 10/07/2010 - 11:32 | Link to Comment pachanguero
pachanguero's picture

Thank you!

Thu, 10/07/2010 - 13:04 | Link to Comment SignsAndWonders
Thu, 10/07/2010 - 11:32 | Link to Comment tmosley
tmosley's picture

Wow.  That is quite a story.  Too bad the website won't open.  Also too bad they go to one of the most partisan publications in existence.  I would like to see the primary source for this information to verify its veracity before I pass judgement.

Thu, 10/07/2010 - 11:41 | Link to Comment mr_fro2000
mr_fro2000's picture

agreed

Thu, 10/07/2010 - 11:43 | Link to Comment PlausibleDenial
PlausibleDenial's picture

I am not sure about the website not opening as it does for me from the ZH site.  In terms of partisan, I could care less as I don't read the major publications as they are all partisan in one way or another. Moreover, I see you post here on ZH which is partisan in its main meme. It was just an email to me that I added here.  Suprisingly, I got junked... Must have hit some nerves. 

Thu, 10/07/2010 - 12:32 | Link to Comment Sabremesh
Sabremesh's picture

What exactly is ZH "partisan" about? I would say ZH has a healthy distrust of of mainstream US politics, and the majority of subscribers also, many of whom are not even American.

Thu, 10/07/2010 - 13:23 | Link to Comment PlausibleDenial
PlausibleDenial's picture

Ummm, let's see GOLD... Oh, btw, I too like gold, but I am partisan as well.  I just don't try to not admit it.  :)

Thu, 10/07/2010 - 11:43 | Link to Comment Henry Chinaski
Henry Chinaski's picture

No doubt there will be a thorough investigation by other more mainstream, less partisan media outlets.  However, it won't be of the administration.  They will investigate the author of the article, the bloggers who are digging up dirt on this and all of the republican donor/dealers...

Thu, 10/07/2010 - 11:57 | Link to Comment gmrpeabody
gmrpeabody's picture

Let me assure you, good Americans, that Eric Holder will not be lead into some partisan witch hunt just because someone doesn't like the way an unbiased and arbitrary list was assembled.

Thu, 10/07/2010 - 11:39 | Link to Comment alpha60
alpha60's picture

please push your agenda on some other, non-gold price thread.

Thu, 10/07/2010 - 11:42 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Amazingly, of the 789 dealerships closed by the federal government, 788 had donated money, exclusively to Republican political causes, while contributing nothing to Democratic political causes. The only  "Democratic" dealership on the list was found to have donated $7,700 to Hillary's campaign, and a bit over $2,000 to John Edwards. This same dealership, reportedly, also gave $200.00 to Obama's campaign.

Citation needed.

Thu, 10/07/2010 - 11:47 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Obama, Chrysler, GM.

You placed this in a Gold thread because, why?

Not a bad topic, but use some sense.

Thu, 10/07/2010 - 12:08 | Link to Comment patience...
patience...'s picture

They should have all been shut down and forced into true bankruptcy.

Thu, 10/07/2010 - 12:10 | Link to Comment Rusty Shorts
Rusty Shorts's picture

Robert Johnson eh?

Damn, this dude gets around. Just built a $10,000,000 - 4 Star Hotel in Liberia, financed the rebuilding of Robertsfield International Airport in Liberia, has his fingers in the brand new Delta Airlines International flights to Liberia, has his fingers in Mt Nimba Iron Ore Mine, formerly Lamco Mine, Liberia, the highest grade ore deposit on the planet. Oh, Liberia is the last frontier of Gold and Diamond exploration, huge deposits just sitting there in the jungles, btw, those jungles are the last of the old growth tropical hardwoods to boot...did I mention the Oil and Gas deposits? 

 

Wait, what? The President of Liberia is Ellen Johnson - Sirleaf, huh.

 

 

http://www.youtube.com/watch?v=b9tXNPt6nF0

http://www.youtube.com/watch?v=fTUmAhHKZMM

 

The old Lamco Mine

http://www.youtube.com/watch?v=5XGU9_Mg3QM

http://www.youtube.com/watch?v=h0yzEHdNSCA&feature=related

Thu, 10/07/2010 - 12:49 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Round up the usual suspects.  Hold a Senate investigation.  Absolve everyone.  Deny.  Deny.  Deny.  Order the press to switch coverage to Britney's acne spots and Paris Hiltons latest sex tapes.  Damage done.

Thu, 10/07/2010 - 11:23 | Link to Comment Hondo
Hondo's picture

Just goes to show you how many really stupid people are out there either running their own money or losing other peoples money

Thu, 10/07/2010 - 11:24 | Link to Comment cossack55
cossack55's picture

How about some heavy swoooning action on silver.  Need a bunch more ASEs and save some money for the 2010 proofs next month.

Thu, 10/07/2010 - 11:24 | Link to Comment -Michelle-
-Michelle-'s picture

Thank you, indeed.  I believe a trip to the coin shop is in order this afternoon.

Thu, 10/07/2010 - 11:29 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

How long until it starts moving back up?

Thu, 10/07/2010 - 11:25 | Link to Comment detersbb
detersbb's picture

This is a self defeating premise by the COMEX and LBMA in that the losses that they sustain on the short positions that they are selling right now are going up.  Why sell lower priced naked shorts that will result in greater losses that higher priced naked shorts?  This is the action of an instuttion rife with insanity, or prehaps they are masochists and enjoy losing the behinds by that much more.

 

Either way, now the sharp dip will encourage that many more to use it as the entry point they have been seeking for the last couple of week to go long gold.

Thu, 10/07/2010 - 11:29 | Link to Comment EscapeKey
EscapeKey's picture

Because they sell tons of paper, and take physical delivery?

Thu, 10/07/2010 - 12:46 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Bingo! Fed supplies JPM/bullion dealers with money hot off the presses...gratis.

This is one of many, many reasons the Fed will never be audited.

I have already placed buy orders for physical and will buy more if it continues to fall.

Thu, 10/07/2010 - 11:25 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

seems there's a QE2 on/off trade here. A choice between a slight limp and full retard. Place your bets.

Thu, 10/07/2010 - 11:38 | Link to Comment DocLogo
DocLogo's picture

for some reason I read that in Steve Buscemi's voice

Thu, 10/07/2010 - 11:49 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

I heard it in Stephen Hawkings.

Thu, 10/07/2010 - 12:47 | Link to Comment still kicking
still kicking's picture

EXACTLY

Thu, 10/07/2010 - 11:25 | Link to Comment tmosley
tmosley's picture

I'm looking to expand my PM positions either today or tomorrow.  We'll see what the prices do in the next 48 hours.

Thu, 10/07/2010 - 11:38 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

me, due†

i just got coin yesterday and went and showed my new banker woman them. she just stared and stared and stared, she had never seen one before and couldn't believe how utterly beautiful they are. lady liberty takes another one in on looks alone. i showed to my MAX girl cuties, they be buying some coin too. ask if MAX would take coin for my new Prada boots, he might some day.

Thu, 10/07/2010 - 12:02 | Link to Comment gmrpeabody
gmrpeabody's picture

Prada boots???????

I thought you were homeless, and living in the bushes near the banks of the Roaring Fork. ;-)

Thu, 10/07/2010 - 13:17 | Link to Comment Temporalist
Temporalist's picture

Living in a van down by the river...with my Prada boots on.

Thu, 10/07/2010 - 18:53 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

homeless and naked in Prada boots is the NEW NEW thing in fashion.

check out this dude's new magazine. i applied.

http://jacquesmag.blogspot.com/?zx=4a84d4ea7868f4a9

Thu, 10/07/2010 - 12:43 | Link to Comment impending doom
impending doom's picture

You should ditch the vibrator and try using a roll of silver eagles instead...

Thu, 10/07/2010 - 18:55 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

got my horn exchanged today, so i am quite happy, but thanks for the suggestion. men helping out the  babe.

Thu, 10/07/2010 - 18:47 | Link to Comment Misstrial
Misstrial's picture

kathy - you should see a buffalo - stunning.

~Misstrial

Thu, 10/07/2010 - 18:56 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

i have seen a lot of R E A L  buffalos, and wouldn't call that animal stunnning. maybe in silver or gold better methinks.

Thu, 10/07/2010 - 12:48 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

The gains in gold have been mostly in overnite trading recently.

We will probably see heavy buying overnite when Asia and Mid East wade in.

Thu, 10/07/2010 - 18:07 | Link to Comment Minion
Minion's picture

Good observation.  The public in Arab and Asian countries are getting involved.  The final phase of the bull market is usually when the public figures out what's going on and starts chasing price..... Gold Vending Machines, anyone?  :D

The flip side of this is the FOFOA factor....... "oil and gold never flow in the same direction"

Thu, 10/07/2010 - 11:25 | Link to Comment MikeNYC
MikeNYC's picture

"And you come back rapping on our door, hat in hand, and you say: 'Baby, I know you left me, but if we get back together, I pledge to you, I promise you, I will still try to fuck your sister. Every chance I get. It's who I am.'"

Thu, 10/07/2010 - 11:32 | Link to Comment PlausibleDenial
PlausibleDenial's picture

Truly said :)

Thu, 10/07/2010 - 11:25 | Link to Comment truont
truont's picture

Gold Swoons After Central Banks Promise To Never Debase Currencies Again

Yeah, the Japanese CB says they won't debase their currency.

Isn't that what they've been doing for 20 years now????

What kind of doublespeak is this???!!!!

Thu, 10/07/2010 - 12:04 | Link to Comment gmrpeabody
gmrpeabody's picture

The Onion...just think onion.

Thu, 10/07/2010 - 11:26 | Link to Comment shushup
shushup's picture

so if everything is correlated then indexes should be selling off likte gold. And inparticular is no debasing of currency then equites should also be selling off. If QE2 is going to by directly from the treasury instead of the PDs then equities should be selling off. Why aren't they?

Thu, 10/07/2010 - 11:27 | Link to Comment shushup
shushup's picture

sorry for the horrible typing above.

Thu, 10/07/2010 - 11:26 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

I think the pullback is merely a result of the overbought state and shakes out some weak hands...the Euro starting to stall is not helping the case for gold either at the moment.

Thu, 10/07/2010 - 11:27 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Let's check that list again.

  1. I promise never to debase the currency again.
  2. The check's in the mail.
  3. I just want to be friends.
  4. I won't come.......

Yup, it works just fine hanging on the wall of shame.

Thu, 10/07/2010 - 11:38 | Link to Comment Dr. No
Dr. No's picture

Misson accompished

Thu, 10/07/2010 - 11:51 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

5. I love you.

Thu, 10/07/2010 - 12:06 | Link to Comment gmrpeabody
gmrpeabody's picture

+1340

Thu, 10/07/2010 - 11:52 | Link to Comment CitizenPete
CitizenPete's picture

I think it is spelled "cum"


to cum (third-person singular simple present cumspresent participle cummingsimple past came or cummedpast participle camecum or cummed)

  1. (slang) To have an orgasm; to ejaculate or to feel the sensation of an orgasmSentence: Later this month when the price of gold rises over $1500, I am going to jerk off and cum all over the Kitco chart on my computer screen. 

Thu, 10/07/2010 - 11:56 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

You're assuming that was the direction I was taking.

How's the gutter? :>)

Thu, 10/07/2010 - 12:08 | Link to Comment gmrpeabody
gmrpeabody's picture

He just didn't realize where you were coming from.

Thu, 10/07/2010 - 12:13 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

oh thanks for that clarity in the word came. female verb spelling the same.

cum or maybe as in creamy kum for woman.

Thu, 10/07/2010 - 11:27 | Link to Comment monmick
monmick's picture

Plus, there is an IMF meeting of Finance Ministers today, so...

Thu, 10/07/2010 - 11:30 | Link to Comment SheepDog-One
SheepDog-One's picture

OK so no Q/E2? Thats about $5 trillion 'priced into' the markets already, so now what?

Thu, 10/07/2010 - 11:35 | Link to Comment EscapeKey
EscapeKey's picture

This is like Schrödinger's market. Whether QE2 happens or not, it's already "priced into the market".

Thu, 10/07/2010 - 11:50 | Link to Comment bigdumbnugly
bigdumbnugly's picture

good analogy, EK.

or like the quark that is somehow measured to be two places at once.

Thu, 10/07/2010 - 11:30 | Link to Comment RobotTrader
RobotTrader's picture

Funny how bonds are immune to such "convulsions".

No wonder everyone is piling into bonds.

Who wants to take a chance on a 30% haircut on gold?

Now all those F12 punching GATA and CIGA monkeys will be screaming bloody murder and wonder why they didn't buy bonds instead.

"But Jim, you promised!!!"....

LOL....

Thu, 10/07/2010 - 11:36 | Link to Comment tmosley
tmosley's picture

Go all in short gold, then.  Bet the money you would use on your internet connection.  If I never see you again, then we will know how it turned out for you.

Thu, 10/07/2010 - 12:09 | Link to Comment gmrpeabody
gmrpeabody's picture

It was only a joke.

Thu, 10/07/2010 - 12:52 | Link to Comment tmosley
tmosley's picture

If that was a joke, then so is his whole persona.  He'd have to be the goldbug equivalent of Steven Colbert.

Thu, 10/07/2010 - 13:08 | Link to Comment gmrpeabody
gmrpeabody's picture

I meant the original article by TD.

As for Robo..., I'm still trying to get a handle.

Thu, 10/07/2010 - 11:37 | Link to Comment SheepDog-One
SheepDog-One's picture

'Everyone piling into bonds' well I guess as long as 'everyone' is the grouping of Bernanke and Geithner.

Thu, 10/07/2010 - 11:49 | Link to Comment SheepDog-One
SheepDog-One's picture

Thanks for the junk, robotrader I consider it a compliment jackass.

Thu, 10/07/2010 - 11:33 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

February 25, 2010: We're not going to monetize the debt," Mr. Bernanke declared flatly,...
 

http://www.washingtontimes.com/news/2010/feb/25/bernanke-delivers-warning-on-us-debt/

Lies, lies, lies, yeah.

http://www.youtube.com/watch?v=-x3TMBeX-ws

Thu, 10/07/2010 - 11:32 | Link to Comment papaswamp
papaswamp's picture

Man did Rosenberg call this or what?...1 day before...the dude is psychic 

Thu, 10/07/2010 - 11:32 | Link to Comment Rusty Shorts
Rusty Shorts's picture

"I thoroughly disapprove of duals. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quite place and kill him."

 

 - Mark Twain

Thu, 10/07/2010 - 11:34 | Link to Comment RobotTrader
RobotTrader's picture

By the way....

When is Eric King going to interview the CEO of Abercrombie???

Man, those short sellers betting on a collapse in teen spending are running into a "Financial Hurricane" today.

Oh, well, better off next time.

Thu, 10/07/2010 - 11:53 | Link to Comment tmosley
tmosley's picture

Why do you do this?

All it does is make you look like a moron.

Thu, 10/07/2010 - 12:14 | Link to Comment TheDriver
TheDriver's picture

Every village has its fool.

Thu, 10/07/2010 - 12:59 | Link to Comment Snake
Snake's picture

he craves attention, that's all.

 

Thu, 10/07/2010 - 12:00 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

Send in the clowns; Robo is back in town.

Thu, 10/07/2010 - 12:11 | Link to Comment quasimodo
quasimodo's picture

Yeah, but look at those hooters! I look forward to his/her posts just to drool at the avatar

Thu, 10/07/2010 - 12:12 | Link to Comment quasimodo
quasimodo's picture

Yeah, but look at those hooters! I look forward to his/her posts just to drool at the avatar

Thu, 10/07/2010 - 13:22 | Link to Comment Temporalist
Temporalist's picture

Ever hear of the internet?  There are a few pictures you might find there.

Thu, 10/07/2010 - 11:33 | Link to Comment His Dudeness
His Dudeness's picture

Thu, 10/07/2010 - 11:35 | Link to Comment lolmaster
lolmaster's picture

I give this one a half life of about 6 hrs until it's QE banzai again. Too bad I'm already loaded on gld

Thu, 10/07/2010 - 11:38 | Link to Comment John McCloy
John McCloy's picture

Plate spinning is all. The rise in gold concerns them so they bring the hammer down to keep people relucatant from purchasing and this means they temporarily have to bring the markets down but here they are trying to sneak the market up back to even and positive without gold participating.

 I despise these crims.

Thu, 10/07/2010 - 12:58 | Link to Comment SteveNYC
SteveNYC's picture

"The name's Sack. Ball.......I mean Brian......Sack"

Thu, 10/07/2010 - 11:38 | Link to Comment SheepDog-One
SheepDog-One's picture

By noon theyll be upping the Q/E2 promise to around $8 trillion BennieBux.

Thu, 10/07/2010 - 11:48 | Link to Comment bigdumbnugly
bigdumbnugly's picture

benniebux, billybeer, and bubbababes.

ah... the sustaining forces of life.

Thu, 10/07/2010 - 12:19 | Link to Comment espirit
espirit's picture

I like the lingo... benniebux, Crimex, etc.

We could start our own language.

Thu, 10/07/2010 - 11:40 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

My primitive simian brain is having trouble seeing how the correlation is 100% related to a single 100% causation.

How could it? Just where does manipulation fit in (not the manipulation I do to myself when I'm feeling lonely)?

Something is awry in the association.

Thu, 10/07/2010 - 11:43 | Link to Comment barkingbill
barkingbill's picture

im buying

Thu, 10/07/2010 - 11:44 | Link to Comment Johrny Bravo
Johrny Bravo's picture


Smackdown! Next stop, $900

"Goled to 540000 bitchez!!!!  Canned hamz under the porch yo!"

LOL!!!!

Thu, 10/07/2010 - 11:46 | Link to Comment Hansel
Hansel's picture

Troll

Thu, 10/07/2010 - 11:54 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Gold is the paperweight of the ill-informed.

Thu, 10/07/2010 - 11:56 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

What a maroon. You waited weeks to come back and this is all you got? TA says yer a loser.

Thu, 10/07/2010 - 12:03 | Link to Comment Pining for the ...
Pining for the Fjords's picture

That's not the original him, look at the name spelling.  Begging the question, why would someone sockpuppet a moron?

Thu, 10/07/2010 - 12:13 | Link to Comment Joeman34
Joeman34's picture

Good point - very strange...  Psy-ops???

Thu, 10/07/2010 - 12:21 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Practical joke on a sarcasm TD post!

CB's promise to not debase currency, LOL!!!

Thu, 10/07/2010 - 11:57 | Link to Comment Hansel
Hansel's picture

Totally dude, and you use a FRN as a paperweight because you are a genius.

Thu, 10/07/2010 - 12:00 | Link to Comment Johrny Bravo
Johrny Bravo's picture


LOL at the posters on this board.

They couldn't defend a country buffet from old people.

Thu, 10/07/2010 - 12:03 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

So are you a fake Johnny bravo? You don't have the right name.

Thu, 10/07/2010 - 12:03 | Link to Comment Hansel
Hansel's picture

I think his account got deleted from his last spamming a couple weeks ago.

Thu, 10/07/2010 - 12:08 | Link to Comment JLee2027
JLee2027's picture

He's a horny bravo! 

Thu, 10/07/2010 - 12:22 | Link to Comment espirit
espirit's picture

...or an onery bravo.

Missed the gold boat, eh.

Thu, 10/07/2010 - 12:40 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Not this Bravo !!!

Thu, 10/07/2010 - 12:51 | Link to Comment JuicyTheAnimal
JuicyTheAnimal's picture

Thanks for the funny Johrn.  Made my day. 

Thu, 10/07/2010 - 12:56 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Glad to hear that, it was supposed to be funny!

Thu, 10/07/2010 - 12:52 | Link to Comment JuicyTheAnimal
JuicyTheAnimal's picture

oops

Thu, 10/07/2010 - 13:27 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

That happens to me as well. And I'm afraid the wife is loosing patience. :>)

Thu, 10/07/2010 - 13:52 | Link to Comment DarkMath
DarkMath's picture

Johny Bravo,

Is that you? I barely recognize you. You're back! Welcome back my friend.

What will the price of Gold be in June of 2011?

Thu, 10/07/2010 - 14:03 | Link to Comment DarkMath
DarkMath's picture

What will be the Price of Gold in June of 2011?

Or pick any month next year. Come on Johnny. Put your money where you mouth is you moron.

Thu, 10/07/2010 - 11:49 | Link to Comment JJ McApe
JJ McApe's picture

rofl troll.

but i have to admit

*lol*

I mean yo - gold is nice and everything and i like gold and silver too BUT

everytime Gold is correcting downwards for about ~ 1%(!!!) everybody is crying about how manipulated everything is.

/facepalm

Thu, 10/07/2010 - 14:47 | Link to Comment Hephasteus
Hephasteus's picture

Ya as long as you assume crying means completely ignoring the dips and laughing at the exageraters. God is getting blowtorched -30 dollars. Gold is getting creamed. -12 dollars. Gold is getting dumped. -8 dollars.

http://www.sportcartoons.co.uk/members/rocky.html

Photoshop my mind bitches.

Thu, 10/07/2010 - 13:17 | Link to Comment Joeman34
Joeman34's picture

.

Thu, 10/07/2010 - 11:58 | Link to Comment tmosley
tmosley's picture

How's Grandma's taxes coming, accountant boy?

Thu, 10/07/2010 - 12:03 | Link to Comment Johrny Bravo
Johrny Bravo's picture

I'm sorry, all I heard from you was "blah blah blah, I'm a fucking idiot that pays 8% more than the selling price for assets, I like dropping the soap for big men in prison showers... blah blah blah."

Thu, 10/07/2010 - 13:53 | Link to Comment DarkMath
DarkMath's picture

It IS YOU Johnn Bravo.

What will the price of Gold be in June of 2011?

Thu, 10/07/2010 - 12:05 | Link to Comment EscapeKey
EscapeKey's picture

argh, fake JB, well played.

Thu, 10/07/2010 - 12:04 | Link to Comment wafflehead
wafflehead's picture

its not the really Johnny, look at the name it says Johnry

Thu, 10/07/2010 - 13:14 | Link to Comment gmrpeabody
gmrpeabody's picture

Nobody pulls the wool over your ears!

Thu, 10/07/2010 - 12:09 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Missed the little bastard...

Thu, 10/07/2010 - 12:24 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

missed the big bastard. hey jhorny bravo, me too.

Thu, 10/07/2010 - 12:26 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Although at times, he could get on my nerves. but he did have a few good posts...

Thu, 10/07/2010 - 14:04 | Link to Comment DarkMath
DarkMath's picture

What will be the Price of Gold in June of 2011?

Or pick any month next year. Come on Johnny. Put your money where you mouth is you moron.

Thu, 10/07/2010 - 14:28 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Switching to 0's and 1's soon, everything else will be worthless! SELL NOW!!!

Thu, 10/07/2010 - 14:56 | Link to Comment DarkMath
DarkMath's picture

Ok, so it will be worth less than 1336 by June 2011. Done. I'm saving this post to beat you over the head with it next year if you have the balls to take your medicine.

Thu, 10/07/2010 - 15:06 | Link to Comment Joeman34
Joeman34's picture

Wake up, man.  It's not the real JB - it's an imposter playing a joke.  Read previous posts...

Thu, 10/07/2010 - 13:23 | Link to Comment Joeman34
Joeman34's picture

Why do you always post sexual innuendo on this board?  Are you frustrated? 

 

Don't get me wrong, I'm not complaining...

Thu, 10/07/2010 - 13:57 | Link to Comment trav7777
trav7777's picture

you haven't figured that out yet?  same reason as posts tits

Thu, 10/07/2010 - 14:17 | Link to Comment Joeman34
Joeman34's picture

Can it really be that simple?  It's probably a dude...

Thu, 10/07/2010 - 19:03 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

no dude, i am in MAJOR frustration mode. i am screaming frustration. can't you hear me,

CAN YOU HEAR ME NOW.

Thu, 10/07/2010 - 20:47 | Link to Comment StychoKiller
StychoKiller's picture

Guess you didn't take my advice -- there's always "Adult Friend Finder" instead.

Thu, 10/07/2010 - 22:09 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

no i m not in the mood†

Thu, 10/07/2010 - 13:12 | Link to Comment Johrny Bravo
Johrny Bravo's picture

An oldy, but a goody...

"What a fucking loser.  Seriously... can't you at least come up with something original?  (No, that's why you buy gold in the first place)


Is that your girlfriend in your picture?

She has a mustache.  LMAO!!!"

Thu, 10/07/2010 - 13:55 | Link to Comment DarkMath
DarkMath's picture

What will be the Price of Gold in June of 2011?

Or pick any month next year. Come on Johnny. Put your money where you mouth is you moron.

Thu, 10/07/2010 - 12:02 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

If this is really you, welcome back!

You rock!

You suck!

You are the rodeo clown I just can't do without!

Thu, 10/07/2010 - 12:03 | Link to Comment wafflehead
wafflehead's picture

fake Johnny ! why do you try to play with our feeling? i thought he was back

Thu, 10/07/2010 - 12:18 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Its "feelings" you maroon. It was getting boring. Gold-up,up,up and up, just like we reasoned.Thought I'd spice things up a bit. Cut and pasted old JB responses, same responses to the same users, LOL! 

Thu, 10/07/2010 - 13:56 | Link to Comment DarkMath
DarkMath's picture

What will be the Price of Gold in June of 2011?

Or pick any month next year. Come on Johnny. Put your money where you mouth is you moron.

Thu, 10/07/2010 - 12:04 | Link to Comment -Michelle-
-Michelle-'s picture

Johnny's Swedish cousin?

Thu, 10/07/2010 - 12:28 | Link to Comment espirit
espirit's picture

<sarc off>

de udder brudder!

<sarc on>

Thu, 10/07/2010 - 13:29 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Or the real JB trying to rehabilitate himself. Double secret probation psyops. :>)

Thu, 10/07/2010 - 13:50 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Hey Hulk!

Hows it going?

How is it that we are having a real time conversation on ZH?

That must be it. I hate it when that happens!

See you later Hulk

Thu, 10/07/2010 - 13:57 | Link to Comment DarkMath
DarkMath's picture

What will be the Price of Gold in June of 2011?

Or pick any month next year. Come on Johnny. Put your money where you mouth is you moron.

Thu, 10/07/2010 - 13:50 | Link to Comment Hulk
Hulk's picture

Hello Bravo!

Pretty good.

No idea Bravo, perhaps they are having problems in the space time continuum today

See you later Bravo, you are a pain in the ass, but I wish you well!

Do NOT follow this link or you will be banned from the site!