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If Gold Is Getting Flushed, Greek Bonds Should Be Getting Killed
If the logic on the gold plunge is that Paulson will be dumping (as we first reported), that means that GGBs, in which Paulson has sizable long cash exposure (with or without the CDS), will be the next to go. And since he can't hedge anymore (remember the whole thing about CDS speculators being branded traitors), he will be forced to sell. Sorry Greece, Goldman just punk'd you once more.
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It looks to be a long weekend. Bike ride to the coin shop for me!
Long physical silver.
I'm going to the coin dealer tomorrow.
Paulson has not been charged, so assume this is general panic unwind...
The global financial market seems like one big ball of yarn that has just been sprayed with catnip and handed to the family cat.
Hehe looks like Goldie and their little boyfriends got caught again!
Its only fair!
If this is all the downpressure they're going to put on gold, I'm dissapointed. I'd like one more chance at $960 gold! That would be cool.
F-ing A.
well, it's time to yet again monitor the overnight futures & watch out for the plunge team.
Bloomberg print out with who's buying / selling spiders would be very much appreciated. : )
Buy the dips!!
Sorry, I couldn't resist.
We had some killer timing, eh? lol
take care
Treasury options expire today. Coincidence? Only if you're a retard.
Look for it to happen again next Friday.
I think this is all just another shakeout. Watch how Goldman defends themselves and the SEC comes up empty handed. "Oh well...we thought you might have been up to no good. I guess we were wrong."
The computer rally starts again - DJI only down 94..
Only the MSM could make this about a gold selloff (risk assets snark) getting dumped is worthy of Goebbels; paper down premiums up
If this were for real, the market would be down 500 - 1,000 pts.
Just another day at the office for these folks.
+1 Just when people are starting to settle into the up & up....time to take a little cash out of their pockets! No crisis here!
Goldman has been charged with securities fraud - not Gold.
The cartel is taking gold down because they don't want it to be seen as the go to safety asset - that's what treasuries are for.
PHYS is an excellent vehicle because it is considered a collectible and subject to a 15% tax on gains. Great opportunity to buy on a pullback.
I know the reality and the market manipulation. Phys, TLT, gold/silver coins, and energy (natural gas & oil) is how I am now positioning + cash. TLT is short term. VXX and SRS are tempting but I will resist the urge to be pick pocketed.
Controlled market through financial reform bill and election. How do we invest in corruption, it's the only sure bet.
this is great jerk material. Better than Penthouse.
this is great jerk material. Better than Penthouse.
Hmmm, sounds like one hell of a fetish to me if its better than Penthouse.
Speaking of gold, I was surprised to see this piece on gold/silver price manipulation in the NY Post.
Made the call and bought more gold today. Fed Ex. driver getting to know us.
Sell gold, you have to be kidding.
Fed Ex. driver getting to know us.
Hopefully not where you live with your physical you keep buying...
I use PO Boxes for that reason.
I bought an oz on Tuesday. Doh. Oh well I'm long anyway.
be carefull of physicall GOLD>....to much of TUNGSTEN SALTED gold around .