Gold Vertical As Market Realizes That After QE 2 Comes....

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Wed, 06/01/2011 - 10:47 | 1328533 Rodent Freikorps
Rodent Freikorps's picture

Like night follows day.

Wed, 06/01/2011 - 11:09 | 1328718 The Deacon
The Deacon's picture

A $5 move is 'vertical'?  Not even worth mentioning.

Wed, 06/01/2011 - 11:14 | 1328731 Duck
Duck's picture

Don't you know, that's a whole one-quarter of one percent.

Wed, 06/01/2011 - 11:15 | 1328737 GeneMarchbanks
GeneMarchbanks's picture

A $5 move so far... you forgot to add

Wed, 06/01/2011 - 12:17 | 1329134 trav7777
trav7777's picture

now up 12 while silver is getting blowtorched.

Some hard lessons to be learnt here

Wed, 06/01/2011 - 12:27 | 1329167 Burnbright
Burnbright's picture

Lets see silver is up over 20% for the year and gold only 10% thus far... butt hurt much?

Wed, 06/01/2011 - 12:47 | 1329257 Bay of Pigs
Bay of Pigs's picture

Five minute attention span + denial of the facts = loss of credibility

You sound like Robo now Trav...

Wed, 06/01/2011 - 16:41 | 1330238 trav7777
trav7777's picture

take a look at kitco while more of your life savings get blowtorched.

I am going to buy you and mosely-claven and all of the silverbugz and use your hollow skulls as ashtrays

Wed, 06/01/2011 - 20:42 | 1330972 Hephasteus
Hephasteus's picture

Ya but we got something you'll never have. Safety in a crowd of black people.

Thu, 06/02/2011 - 10:53 | 1332258 GoinFawr
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Wed, 06/01/2011 - 11:15 | 1328761 SheepDog-One
SheepDog-One's picture

$40 move just in the last few days.

Wed, 06/01/2011 - 11:22 | 1328818 francis_sawyer
francis_sawyer's picture

Not worth mentioning??

Hey, I just earned enough to dig an ounce of silver out of the ground...

So consider it a 2-fer


Wed, 06/01/2011 - 12:40 | 1329225 Jeremy Roenick
Jeremy Roenick's picture

Hey, I just earned enough to dig an ounce of silver out of the ground...


Wed, 06/01/2011 - 12:09 | 1329084 BigJim
BigJim's picture

After the beating we took in May, a little bit of hyperbole is to be expected.

Note to self - is a 'little bit of hyperbole' an oxymoron?

Wed, 06/01/2011 - 11:16 | 1328745 Don Quixotic
Don Quixotic's picture

IWM August 2011 Call at $89 just moved 14,000 options when there's 22,000 open interest out there... QE3 is a comin'!!!

Wed, 06/01/2011 - 10:44 | 1328534 Turd Ferguson
Turd Ferguson's picture

Turd happy but the real battle will be at 1560.

Wed, 06/01/2011 - 10:50 | 1328564 Silver Shield
Silver Shield's picture

More inflation is baked in the cake...

Wed, 06/01/2011 - 11:28 | 1328834 sheeple
sheeple's picture

man looks like they are really trying to paint a double top...some interesting forsights you got there dude

Wed, 06/01/2011 - 12:18 | 1329138 Temporalist
Temporalist's picture

Yea a big problem with trading is they, the manipulators, know what gets trader's rocks off...or off the rocks.

Wed, 06/01/2011 - 10:45 | 1328542 the not so migh...
the not so mighty maximiza's picture

Bada bing bada boom

Wed, 06/01/2011 - 10:45 | 1328544 RobotTrader
RobotTrader's picture

I doubt the market selloff is going to last very long, especially with WYNN rocketing up to new highs today.

Wed, 06/01/2011 - 10:50 | 1328557 the not so migh...
the not so mighty maximiza's picture

With QE3, physical metals are looking

Wed, 06/01/2011 - 11:29 | 1328858 francis_sawyer
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Wed, 06/01/2011 - 10:48 | 1328569 BIGBOHICA
BIGBOHICA's picture

With the excellent auto sales rolling in, I'll take the under. STFT!!

Wed, 06/01/2011 - 10:48 | 1328576 firstdivision
firstdivision's picture

I would say the selloff will continue...Central Limit Theorm Suckas!!$SPX&p=D&b=5&g=0&id=p01415536738

Wed, 06/01/2011 - 10:54 | 1328597 Arius
Arius's picture

LKND - thats the future...thats what we do in this country...real work is for the chinese...

Wed, 06/01/2011 - 12:11 | 1329118 strannick
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The post-industrial, post-service, post-finanical, socialnetwork economy

Wed, 06/01/2011 - 10:55 | 1328602 snowball777
snowball777's picture

Good luck with your chips, sir.

Wed, 06/01/2011 - 10:58 | 1328622 baby_BLYTHE
baby_BLYTHE's picture

So we should sell our gold? Please tell. Some of us are not privy to millionaire advice.

Wed, 06/01/2011 - 11:41 | 1328943 InconvenientCou...
InconvenientCounterParty's picture

Inflation, barring a few niggly side effects, is politically superior. Deflationary collapse doesn't work well for the upper 1% or the banks, corporates, military industrial complex, big oil, or anyone else that matters.

Pool your investment funds in dollars and prepare for the next series of comex margin increases. Buy those dips, as they are temporary.

Of course, if you think the US will deflate it's rate of borrowing anytime soon, just hold the dollars. What they lack in stability, they make up for in liquidity.


Wed, 06/01/2011 - 12:16 | 1329126 strannick
strannick's picture

Dang!! +1

Wed, 06/01/2011 - 12:42 | 1329245 Chump
Chump's picture

But we're not talking regular 'ol inflation anymore.  QEIII, IV, V, and so on are supposed to be pit stops on our trip to hyperinflation, right?  Hyperinflation allows us simple-minded proles to get out of all debt for mere fractions of a penny on the dollar, thus releasing us from debt slavery and opening the gates of Paradise to us.

That is the politically unpalatable option, not deflation.  It's not that deflation is welcome, but hyperinflation is unthinkable to TPTB.  It means they die, too.

Wed, 06/01/2011 - 13:07 | 1329367 Dr Zaius
Dr Zaius's picture

Seems to me that the TPTB believe they can navigate the fine line between high inflation and hyper-inflation. Deflation is fraught with to many unknowns if the little folk lose everything. People who have nothing left to lose tend to get uppity and turn on their overlords with pitchforks, torches and rope. Plenty of rope.

Wed, 06/01/2011 - 13:41 | 1329521 Chump
Chump's picture

See that's the thing, if we wait until deflation takes a firm hold to start hanging these fuckers we'll be too late.  How are you going to march on Wall St. and D.C. if you're starving and dealing with militarized police forces along the way?  Short answer: you're not.

Wed, 06/01/2011 - 11:46 | 1328973 ColonelCooper
ColonelCooper's picture

Neither is Robo, but he likes to talk that way.

Wed, 06/01/2011 - 11:57 | 1329027 JW n FL
JW n FL's picture
by baby_BLYTHE
on Wed, 06/01/2011 - 10:58


So we should sell our gold? Please tell. Some of us are not privy to millionaire advice.


NO! do NOT ever.. or until its $10k an ounce sell your gold! and even then if you dont have to dont!


You should have a blended basket of things..


some gold.. 10% That never goes away unless and emergency and you can add too but always keep a lil bit "O" Gold!

some silver.. as froggy as you are feeling..within a split of 50% between silver and treasuries..

some treasuries! Canada v. the U.S. right now if you are looking for earnings.

Cash on hand should be 40% of what you have..


This is a safety basket.. if you had more money to play with you could set a different set of rules for yourself.

this is just advice on line.. you dont have to take it and always consult with your own finance people (in real life, in their office) before making any purchases!


Gold works whether the world changes or not.

Silver as well works whether the lights are on or off.

Treasuries as well are as safe as I can make you.

Having cash on hand to pick up deals for gold / silver and then sell them off.. short term buying to sell for modest gains.. consider making 10%.. or 5% even.. now consider making that 5% twice a month.. multiply that times 12 months and you can see that you have earned some money.. which you ca then add into your mix.

Stocks are hot air.

Bonds can go no higher or very little higher!

tangibles.. guns are a Great! Investment!! which the old timers in my family sold me on.. so you can add some quality fire arms into the mix as well as an investment that works in times of good and bad.


Good Luck!


Wed, 06/01/2011 - 16:08 | 1330084 falak pema
falak pema's picture

You only sell gold the night you have had five true oxxxxx...that is the true sign of the heavens that you are in the platinum class...Until then hang on to gold!

Wed, 06/01/2011 - 11:10 | 1328702 Fiat2Zero
Fiat2Zero's picture

Robo-Tard Replicant, you woke from your slumbering to post your drivel.

Your Rothschild Masters will be pleased with your knee-jerk alacrity.

Keep those FUD (Fear Uncertainty Doubt) posts coming and you'll keep getting your JPMorgue paycheck.

Wed, 06/01/2011 - 11:10 | 1328732 trav7777
trav7777's picture

yes, but all your other picks are getting monkeyhammered

Wed, 06/01/2011 - 10:49 | 1328551 silvertrain
silvertrain's picture

look for leaks any minute now that soros has sold all of his gold again..Followed by margin increases and then more leaks of the possibility of qe3..

Wed, 06/01/2011 - 11:08 | 1328708 Fiat2Zero
Fiat2Zero's picture

QE3 is unthinkable. JP Morgan analysts just said it yesterday...


Wed, 06/01/2011 - 11:37 | 1328913 NotApplicable
NotApplicable's picture

Which is why they act without thinking. No reason to stress when one can just apathetically muddle-through it.

Wed, 06/01/2011 - 12:29 | 1329174 Long-John-Silver
Long-John-Silver's picture

Soros sold his paper gold for Physical Gold. He knows whats coming......

Wed, 06/01/2011 - 16:14 | 1330096 falak pema
falak pema's picture

I think Soros is a four nutted cat with nine don't do what he does...unless you have four nuts ...and nine...

Wed, 06/01/2011 - 10:50 | 1328563 swissaustrian
swissaustrian's picture

CHF vertical too, but to the downside.

Wed, 06/01/2011 - 11:16 | 1328749 Fiat2Zero
Fiat2Zero's picture

Yes very interesting. It seems that gold is becoming the default flight to safety for an increasing number of investors.

Swiss banks are massively exposed to Greek insolvency. I wonder if this has finally started to dawn on people.

Wed, 06/01/2011 - 11:21 | 1328808 Rynak
Rynak's picture

Even without the bank exposure, escaping a crisis zone, by buying into a country that is in the center of it, from a geopolitical POV is just idiocy.

Wed, 06/01/2011 - 10:48 | 1328573 camoes
camoes's picture

Margin hike in gold soon...reason => voltatility

Margin reduction in ES soon...reason> = volatility


Wed, 06/01/2011 - 10:51 | 1328574 brian0918
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Does anyone have some Tums? FUUUUUU...

Wed, 06/01/2011 - 10:52 | 1328575 HUGE_Gamma
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HOPE Obama 2012

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