• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Goldman: "QE 3 Optimism Is Excessive"

Tyler Durden's picture

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Tue, 06/07/2011 - 17:15 | 1348482 Waffen
Waffen's picture

Disapointing.. I hate the delay of the inevitable. 

Tue, 06/07/2011 - 17:17 | 1348488 redpill
redpill's picture

To make matters worse, now ZH is getting hit with Obama 2012 sidebar ads.  I'm not sure if that's better or worse than Cramer.


Tue, 06/07/2011 - 17:25 | 1348519 flacon
flacon's picture

Can anyone speculate what will happen to the mining stocks - or metals price?

Tue, 06/07/2011 - 17:27 | 1348539 cara leaf
cara leaf's picture

Tell me about Southern Copper yielding 6%.

Tue, 06/07/2011 - 17:40 | 1348581 I am a Man I am...
I am a Man I am Forty's picture

SCCO has been getting crushed on the elections in peru, it's hard to tell what the impact is, for me anyway

Tue, 06/07/2011 - 17:50 | 1348621 DoChenRollingBearing
DoChenRollingBearing's picture

It is still hard for my Peruvian in-laws to get info on what Ollanta Humala will do.

Will he be as bad as Chavez?  His team sez no.

He becomes President on July 28, so we will see before too long.

Tue, 06/07/2011 - 17:34 | 1348557 GeneMarchbanks
GeneMarchbanks's picture

I was about to post something obscene. Just buy puts on your miners and sell me your physical. I've got incredibly undervalued euros for you. You game?

Tue, 06/07/2011 - 18:09 | 1348690 tiger7905
tiger7905's picture

So GS says QE talk is excessive and Sinclair calls for "the Blackhole of Calcutta" for equites if it's stopped...


Tue, 06/07/2011 - 19:28 | 1348925 luk427
luk427's picture

Meridith Whitney has some new research, http://finance.fortune.cnn.com/2011/06/06/meredith-whitney-state-finances-are-worse-than-estimated/  Things are getting worse.

Tue, 06/07/2011 - 17:35 | 1348577 citta vritti
citta vritti's picture

see last lines above:

Translation: prepare for much more selling (including precious metals which will likely see at least one or two rounds of margin call satisfying liquidation), before the time to front run the Fed comes again.

Tue, 06/07/2011 - 17:49 | 1348629 THE DORK OF CORK
THE DORK OF CORK's picture

Its a very dollar centric view - many of us are poor short term speculators and hold Euros that are in a very precarious postion....

If the dollar goes ballistic from here the euro might crash and euro distress is the real driver of Gold in my opinion.

Its still Dollars Bitches Vs Gold Bitches

Wed, 06/08/2011 - 01:58 | 1349759 AGoldhamster
AGoldhamster's picture

down they go into end of July

Silver more than Gold

Tue, 06/07/2011 - 17:30 | 1348553 kito
kito's picture

the ads are tailored to your interests....oops.....

Tue, 06/07/2011 - 17:42 | 1348588 lizzy36
lizzy36's picture

I don't know about that, i get ukrainegirls.com, something about guns, force.com and University of Liverpool MBA programs.

I am a canadian hetro women, who has no interest in nor ever used a gun, with a couple of degrees already.

Tue, 06/07/2011 - 18:36 | 1348773 disabledvet
disabledvet's picture

they call it "hacking."  at least to the authorities.  "true crime" actually--with a bad sense of humor to boot.  apparently someone thinks it sells because ZH isn't ginning up the t-shirt sales wagon anymore.

Tue, 06/07/2011 - 19:08 | 1348852 RF
RF's picture

I don't get ads. I use Firefox (not everyone's favorite browser) which has a number of neat add-ins, one of which is Adblock Plus. Eliminates ads altogether. Another is Flashkiller, which eliminates banner ads. I make up for it here by periodically sending a contribution.

Best regards,


Tue, 06/07/2011 - 20:12 | 1348896 Pegasus Muse
Pegasus Muse's picture

lol.  i'm getting ads for roadkill.com for t-shirts, Citi credit cards, hunting gear from Cabelas.  Cableas makes sense. The others, go figure. 

Tue, 06/07/2011 - 19:44 | 1348988 Problem Is
Problem Is's picture

Yeah, I get Russian mail order brides and Trade with Cramer ads...

Like I would trade with Cramer the Clown...

Who wants to be a ranting, bug eyed, sweaty bald guy?

Tue, 06/07/2011 - 18:03 | 1348684 bigdawg
bigdawg's picture

Yeah, WTF??  I get FilipinoCupid.com as an ad.  My wife's a Filipino but how do "they" know that.

Tue, 06/07/2011 - 20:37 | 1349140 Mad Cow
Mad Cow's picture

cookies mang.

Tue, 06/07/2011 - 19:34 | 1348948 DaveyJones
DaveyJones's picture

all my banners say Night Train and MD 20/20?

Wed, 06/08/2011 - 08:36 | 1350193 cgbspender
cgbspender's picture

Weird, all I see is Cisco and Wild Irish Rose.

Tue, 06/07/2011 - 19:59 | 1349039 XenoFrog
XenoFrog's picture

That would explain why I only get advertising for renfaire supplies and personal lubricant.

Tue, 06/07/2011 - 21:03 | 1349051 XenoFrog
XenoFrog's picture


Tue, 06/07/2011 - 21:02 | 1349063 XenoFrog
XenoFrog's picture


Tue, 06/07/2011 - 19:49 | 1348967 Problem Is
Problem Is's picture

"To make matters worse, now ZH is getting hit with Obama 2012 sidebar ads.  I'm not sure if that's better or worse than Cramer."

I'll take Cramer the Clown ads over CREEP (Committee to RE-Elect the President) ads any day...

Unlike Barry Soetoro... Deep down, Clown knows he is a douche...

Tue, 06/07/2011 - 20:00 | 1349044 eureka
eureka's picture


Tue, 06/07/2011 - 17:20 | 1348484 TruthInSunshine
TruthInSunshine's picture

QE3, in whatever form, by whatever name, and in whatever amount, may or may not come.

The important thing, and really, the only important thing to bear in mind is - it can't and thus won't be an effective medicine or procedure to cure or effectively treat the disease that ails.

Even its 'transitory' analgesic effects, should it arrive in bucket loads, must be questioned at this point.

Heroin addicts overdose and die with regularity.

Tue, 06/07/2011 - 17:28 | 1348530 lizzy36
lizzy36's picture

Nobody here (at least as far as i understand it) think QE solves/cures anything.

The only thing QE does, is force traders/investors/gamblers into risk assets. Period.

We also know the only thing that Bernanke can target is "wealth effect" his 3rd mandate.

So the issue becomes, at what level in the S&P does Bernanke start to look at another round of QE. I think around 950, definitely 900. The 2nd thing worth thinking about is what form QE3 takes. What does Bernanke buy this time around?

Tue, 06/07/2011 - 17:33 | 1348550 TruthInSunshine
TruthInSunshine's picture

I agree with everything you said, but emphasize that what you described (i.e. forcing/encouraging the risk asset trade) is what QE did.

As the wreckage of the carnage that QE wrought becomes more visible and harder to hide, it's at least worthwhile, and I'd argue essential for survival, to ask: What will further QE do?

Tue, 06/07/2011 - 18:05 | 1348676 HpDeskjet
HpDeskjet's picture

Put oil at $150

Tue, 06/07/2011 - 18:13 | 1348722 The Profit Prophet
The Profit Prophet's picture

Printing money is the last vestige of a dying economic system....the World is now printing money.....the world economic system is dying....what more is there to speculate about? Are we really trying to profit before the collapse?  Profit no longer matters.....I know.....because I'm the Profit Prophet..

T.E.I.N. everyone!

Tue, 06/07/2011 - 19:42 | 1348978 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Profit you are right about the world economy dying. The big boys need to stay on top though. Too many of ehhh, those unwashed masses, making ehhhh money in their markets. Flush small hedge funds and the new rich first followed with a strong rebound like last time. The rich continue to get richer.

QE 3 will be in late Sept or Oct.

Tue, 06/07/2011 - 18:32 | 1348775 SheepDog-One
SheepDog-One's picture

Further QE makes the dollar go critical and melt thru its containment vessel, PM's go up 25% from here.

Tue, 06/07/2011 - 19:39 | 1348953 DaveyJones
DaveyJones's picture

"QE 3 Optimism Is Excessive" 

I agree with everything except the first three letters

Tue, 06/07/2011 - 17:16 | 1348485 Yen Cross
Yen Cross's picture

 WHO CARES? I live in the United States of America!

Tue, 06/07/2011 - 17:32 | 1348531 flacon
flacon's picture








Portray an image of power and security
Foundations crumble at the base
Inner turmoil reflection read externally
Veil of lies attempts to hide our face


Molten masses in their image we are a formed
Art of deception mastered skillfully
Decay of value stifled cry of the unborn
With open eyes we still refuse to see

Respond arise nation divided

Selfish syringe draining lifeblood from our veins
Pallid skin displays condition true
Struggling on oblivious to our own pain
Contented smile as we continue to descend

Tue, 06/07/2011 - 19:48 | 1349004 Roaming Uranus ...
Roaming Uranus Looking For Klingons's picture

Yen, a little selfish dont you think? 

Tue, 06/07/2011 - 20:46 | 1349161 Yen Cross
Yen Cross's picture

  Have fun with the passive aggressive on your Friends.

Tue, 06/07/2011 - 17:20 | 1348489 slaughterer
slaughterer's picture

Whoever this "Tyler" is, I like "him" the best: he is astute, compact, and cynical as all hell.  He reads between the lines with a keen eye, and know what is to come.  He ven knows how to parse the intralineal in a highly technical Goldman Sachs trade rec.  We love this "Tyler."  Keep him on, and pay him more!

Tue, 06/07/2011 - 17:23 | 1348507 YesWeKahn
YesWeKahn's picture

If you like him, and make money, donate.

Tue, 06/07/2011 - 19:56 | 1349024 Problem Is
Problem Is's picture

Yes, there is "Sarcastic" Tyler, "Cynical" Tyler, and "Monologue" Tyler, among others...

BTW: "Monologue" Tyler can be recognized by his 3 column inch, paragraph long rambling, multi-clause sentences...

Tue, 06/07/2011 - 17:19 | 1348500 DoChenRollingBearing
DoChenRollingBearing's picture

"As usual: he who sells first, will have a job tomorrow..."

That's the quote, the meat, the heart of the post.  Since we do not know how this will down, best be diversified.  

If you do not own physical gold, then you better get started.

Tue, 06/07/2011 - 17:29 | 1348549 BigDuke6
BigDuke6's picture

Aye lad, fine words.

i haven't bought physical for about 4 months now.

And i suspect the best buying opportunity for a long time is coming right up.

while the market digests the 'end' of QE i'll be BTFD.

Tue, 06/07/2011 - 17:47 | 1348612 DoChenRollingBearing
DoChenRollingBearing's picture

The lad of 55 laughs!

Tue, 06/07/2011 - 17:53 | 1348641 CrashisOptimistic
CrashisOptimistic's picture

There are no filling stations that will take gold in return for oil.

And that is all that matters.

Tue, 06/07/2011 - 20:10 | 1349078 Devore
Devore's picture

None that take stocks or bonds either. All that matters is how many FRNs you can get.

Tue, 06/07/2011 - 17:20 | 1348505 Yancey Ward
Yancey Ward's picture

By predicting 2nd half strength, Bernanke has telegraphed no QEIII rest of this year.

Tue, 06/07/2011 - 18:47 | 1348804 oogs66
oogs66's picture

I think the market went from about 80% believing we would get QE3 in some form, to about 60% after his speach.  Still a long way to go!

Tue, 06/07/2011 - 17:23 | 1348511 bbq on whitehou...
bbq on whitehouse lawn's picture

QE3 or no bid.

Its not about value its about any bid at all.

Yes they will get their bid via Qe3,4...n or nothing will get a bid. Ever, ever, ever again.

All this jawboning nonsense is just talking book.

The market will wait untill July 10 no money by then and no bid for the market.

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