• Steve H. Hanke
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    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Gold/Copper Ratio Surges By Most Since June 29

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Mon, 03/07/2011 - 15:20 | 1027038 trav7777
trav7777's picture

price action in Pd and Pt also worrisome...bitchez

Mon, 03/07/2011 - 15:49 | 1027147 asdasmos
asdasmos's picture

Realty Mogul, Sam Zell, Talks Inflation - says we're not seeing inflation because the CPI is distorted. (Mar. 3 2011)



Mon, 03/07/2011 - 16:01 | 1027177 Math Man
Math Man's picture

And what happened in the 30 days after June 29, 2010....

Gold and silver went down 6% and the S&P went up 2.5%.


Mon, 03/07/2011 - 16:06 | 1027196 tmosley
tmosley's picture

Yes, because there has never been such a thing as a correction in any bull market.

Sorry, boy, you're early or wrong.  Either way, you're a loser.

Mon, 03/07/2011 - 16:09 | 1027199 nope-1004
nope-1004's picture

If Silver drops 6%, I'm all over it like white on rice.  And since I bought my largest chunk at $26, no need to even lose any sleep, frankly.  If it drops 20%, I might start to pay attention.



Mon, 03/07/2011 - 16:10 | 1027208 IQ 145
IQ 145's picture

 Agreed. If it's off 6% I'll be in there right beside you, helping to put that "white on the rice".

Mon, 03/07/2011 - 16:10 | 1027203 clickjaw
clickjaw's picture

Math man is RNR. He's a Soros paid troll!

Mon, 03/07/2011 - 16:30 | 1027274 NotApplicable
NotApplicable's picture

I would've thought that Soros could get a lot better ROI than that!

Mon, 03/07/2011 - 16:19 | 1027238 mt paul
mt paul's picture

it's hard to beat 

6 $ silver ...

no matter how big 

your correction stick is ...

speak softly but

buy every freakin dip....

Mon, 03/07/2011 - 16:22 | 1027240 EscapeKey
EscapeKey's picture

How does your disinformation database work? Do you search by keywords, or do you search for a preconceived conclusion you want to come to, and then it automatically cherry picks the data to suit that basis?

How much does it pay? Do you work from home?

Mon, 03/07/2011 - 15:22 | 1027041 Salvatore CFA
Salvatore CFA's picture

Salvatore bats second, the Middle Finger dude, leadoff.

Beat Turd to the punch.

The ratio will continue this trend.

Mon, 03/07/2011 - 15:21 | 1027043 Mongo
Mongo's picture

Don't miss the IMF pressconference from IMF HQ about how they will enslave the entire human race...



Mon, 03/07/2011 - 15:21 | 1027046 Diplodicus Rex
Diplodicus Rex's picture

Sorry, for the uninitiated, what does HF mean? High Frequency?

Mon, 03/07/2011 - 15:27 | 1027068 JohnG
JohnG's picture

Hedge fund in this case.

HFT - High Frequency Trading

BTFD - Buy the fucking dip


We need a glossary....

Mon, 03/07/2011 - 15:36 | 1027103 disabledvet
disabledvet's picture

well...that's it.  "those two."  that would "the glossary."  when they say "it ain't rocket science" they ain't kiddin'.

Mon, 03/07/2011 - 18:17 | 1027635 Silver Pullet
Silver Pullet's picture

Need one more.

Whats "FUBM"?

After posting...is it a suggestion to Blythe?

Mon, 03/07/2011 - 15:40 | 1027113 Oh regional Indian
Oh regional Indian's picture

HF's mostly hold SLV. Paper in some form. their sale will only move the fiat monkey around.

Physical problems will remain.

I do believe, in a classic inversion sue to these generally inverted and invereting times, Freegold will actually prove to be freeSilver.

Good to ask the deeeeeper questions. 

The obvious is never true.



Mon, 03/07/2011 - 15:40 | 1027116 Temporalist
Temporalist's picture




HF isn't on there though (hedge fund wannabes is) and neither is HFT (although High Frequency Trading is maybe they should put the initials for the masses), BTFD isn't either...someone needs to do some updating.

Mon, 03/07/2011 - 15:27 | 1027069 Jendrzejczyk
Jendrzejczyk's picture

Hedge fund I believe.

Mon, 03/07/2011 - 15:27 | 1027074 glenlloyd
glenlloyd's picture

hedge fund

Mon, 03/07/2011 - 17:31 | 1027458 Diplodicus Rex
Diplodicus Rex's picture

Thanks for the glossary lesson. I'll go back to watching Strictly Come Dancing now.

Mon, 03/07/2011 - 15:24 | 1027052 drink or die
drink or die's picture

Can we revalue our currency in terms of oil?  That way we could print oil, just by saying it is "future oil discoveries".

Mon, 03/07/2011 - 15:29 | 1027076 velobabe
velobabe's picture

first drink then die!

Mon, 03/07/2011 - 15:34 | 1027089 hedgeless_horseman
hedgeless_horseman's picture

Good news, Velobabe!  Sugar Daddies are rolling in it:

The rich are different from you and me: They're buying real estate.


After four straight years of declines, sales of million-dollar homes and condos rose last year in all 20 major metro areas, according to DataQuick Information Systems. On average, these cities saw an 18.6% jump in high-end home sales.



Mon, 03/07/2011 - 15:49 | 1027146 Yardfarmer
Yardfarmer's picture

multi-million home sales in Aspen Co are surging. look who's buying. 


Mon, 03/07/2011 - 16:29 | 1027270 Confucious 222
Confucious 222's picture

Who knew Anna-Lisa Klittersberg made that much dough?

Must be exciting, or excitable.

Mon, 03/07/2011 - 18:27 | 1027677 chumbawamba
chumbawamba's picture

Well, with a name like Klittersberg, excitability is a daily phenomenon, I'm sure.

I am Chumbawamba.

Mon, 03/07/2011 - 16:33 | 1027277 serotonindumptruck
serotonindumptruck's picture

The elevation should save them from the massive tsunami and EQ events over the next couple of years. Their proximity to the Yellowstone caldera should be of some concern however.

Mon, 03/07/2011 - 15:40 | 1027112 Goldenballs
Goldenballs's picture

Just sell what dosen,t exist,everyone else is.

Mon, 03/07/2011 - 15:23 | 1027056 LOWNskater52
LOWNskater52's picture

Please let there be a massive PM liquidation on Friday.  That is when I'll get my paycheck and be able to stock up big time.

Mon, 03/07/2011 - 15:39 | 1027109 disabledvet
disabledvet's picture

i like that.  won't happen.

Mon, 03/07/2011 - 15:25 | 1027057 savagegoose
savagegoose's picture

so the gold price is levereaged to buggery?

a drop isnt a flight to safety its a flight to delevering?

Mon, 03/07/2011 - 17:57 | 1027566 slewie the pi-rat
slewie the pi-rat's picture


one person's drop in buggery may well be another person's flight to delevering!

Mon, 03/07/2011 - 15:24 | 1027060 Bastiat
Bastiat's picture

Physical demand will choke off any selloff in PMs, imho.  A collapse of PM futures prices -- essentially derivatives due to the 100/1 leverage off the physical -- will get arbed.  Insane volatility will result but not sustained collapse in PM prices.

Mon, 03/07/2011 - 15:35 | 1027098 trav7777
trav7777's picture

do not underestimate the futures markets' ability to move price, at least in the short term, in a counterintuitive direction.

However, there will be strong buying support in a safety trade.  Remember, though, that if the deflationists are correct, then the entire $50T Z1 credit base will unwind and gold will return to $23/oz.  The price of everything else will collapse as well and bank deposits, bonds, stocks, etc., will vaporize with the FRN.

Even in the 2008 deleveraging, physical gold could be had for not so much more than spot.  As the stresses increased, availability shrank and retail dealers were forward selling supply not on-hand.

On the flipside, with the margin hikes implemented by various exchanges, they've already pre-chased some of the leverage OUT of certain commodities, inc. gold and silver.

Mon, 03/07/2011 - 15:27 | 1027064 Bastiat
Bastiat's picture

In the mean time it's nice to see Blythe getting it on her silver position and copper position at the same time.


Mon, 03/07/2011 - 15:27 | 1027066 TradingJoe
TradingJoe's picture

Until Oil reverses course, we won't see ANY meaningful "correction" or sell off of any kind or magnitude! When the oil trade is over so will the S&P hit the wall! And PMs(paper) and all other stuff!

May the crude trade be your last "perfect" one before we hit the beaches! And leaving behind a "wall of warring" PUTS :)))!

Mon, 03/07/2011 - 15:25 | 1027067 glenlloyd
glenlloyd's picture

Fed official (Lockhart) says maybe more stimulus.....


Mon, 03/07/2011 - 15:32 | 1027082 TWORIVER
TWORIVER's picture

The Head and Shoulders present in the weekly Copper chart is likely an important top for the whole commodity space and we should see a massive revaluation lower across the board in the coming weeks. The US$, whatever you think of it, is going to rally strong as well.

Mon, 03/07/2011 - 16:02 | 1027186 trav7777
trav7777's picture

didn't you just say that about the miners space?  Then it failed to confirm the H&S

Mon, 03/07/2011 - 16:21 | 1027237 Rogerwilco
Rogerwilco's picture

Confirming Dr. Coal's H&S of recent. In a couple of months the bag holders will be shaking their heads, wondering how they could have been so stupid buying into the parabolic blow-offs.

Mon, 03/07/2011 - 18:33 | 1027692 chumbawamba
chumbawamba's picture

Copper to $10/lbs by end of summer 2011.

I am Chumbawamba.

Mon, 03/07/2011 - 15:33 | 1027086 Bastiat
Bastiat's picture

It's a known fact that chart formations create physical supply.

Mon, 03/07/2011 - 15:35 | 1027097 TWORIVER
TWORIVER's picture

No they do not do that but they do show the supply/demand relationship very well. We'll see what happens over the next few weeks. The $/CHF is probably the best place to be to benefit from the probable rally coming up.

Mon, 03/07/2011 - 15:40 | 1027115 Bastiat
Bastiat's picture

No they do not do that but they do show the supply/demand relationship very well.

. . . in healthy, functioning markets that are driven by supply/demand.  This would not describe precious metals, ihmo -- although silver is phase shifting towards price discovery.

Mon, 03/07/2011 - 15:36 | 1027096 topshelfstuff
topshelfstuff's picture

[ covers/ their Silver Short, and BTW the Gold/Silver Ratio broke through 40 today. It was just above 70 when Chna "urged" their citizens to Buy Silver.



JP Morgan Denies It Holds More Than 90% Of The Copper Market... No Statement On Whether It Holds 89%


Mon, 03/07/2011 - 15:35 | 1027101 Steroid
Steroid's picture

Gold to copper ratio? This is an abomination here.

For god's sake, the inverse is the (real) price of copper.

What has the world degraded to!!

Mon, 03/07/2011 - 18:35 | 1027700 chumbawamba
chumbawamba's picture

Explain, please.

Mon, 03/07/2011 - 15:38 | 1027106 depression
depression's picture

Please I pray someone just recorded this interview with Jim Cramer talking about the Oil market, opening the SPR, what did he say "Obama needs to show this futures market who is in control here... ". This is stunning. Please someone post this interview.

Mon, 03/07/2011 - 15:40 | 1027108 baby_BLYTHE
baby_BLYTHE's picture

IS inflation[dot]us a scam?


I REALLY HATE snake oil salesmen!

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