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The LBMA's Fair Value Prevention Team Goes For A Fish And Chips Break...
...And an explosion in gold ensues. Furthermore, the market is perfectly efficient and $20 surges in gold are perfectly expected and thoroughly predicted according to Random Walk theory. At least that will be the alleged first sentence in JPM's defense against the DOJ's silver price manipulation antitrust suit.
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USA v England soccer this weekend, I believe....maybe they are getting ready for that.
Yes, England-USA is on Saturday. You can tell the World Cup is starting by all the England Red-on-White flags-cum-mast the tabloid-reading lager-swilling white trash has tacked on to their vans and cars over here.
No doubt our beloved football-obsessed GS Jim is flying a couple of flags on both sides of his Bentley.
We've got an English broker here that comes on the radio in the AM...they were talking about it this AM.
I've talked to him before, about gold and what made me get out the markets (FASB 157). I send him emails from time to time about stuff I read on ZH and the like...but what struck me as odd was this AM, he was talking about computers making up 70% of the market (I've sent him many links over the past year or two about it) and this assclown only comments on it when the markets are down. Claims he doesn't think a double dip is coming and the computers are the reason the stock market has been going down....it chaps my ass, too.
The DJ was a teacher of mine and a Ron Paul supporter so he naturally hates big gov't, but when these two start talking, it is like he loses focus and believes whatever the "broker/paper pusher" has to say because it "is what he does for a living."
bastards
Rothchilds Buy Gold
http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content...
Tyler, it's OK to dream...
Yes, we can!
I'm a contrary dreamer 'cuz I'd prefer the market handle this one with a glorious squeeze, rather than a legal flush that very well may substitute domination with legal controls. Though, it's really sad that JPM has mostly gotten out in time already when it comes to shorting silver. Ted Butler, as everyone has heard, says this last price drop and clean out looks like the last big move down in silver, analyzing the COT.
Is this the last time that Ted says this is the last time?
Do you think he's lost track of the ball under those shells by focusing on JPM? He does say that the COT analysis is just an analysis and does not include fundamentals which could influence the price more directly. But if we're talking about the obvious take downs before delivery, then, yes, if it happens again, Ted's weekly update becomes more and more obsolete.
It's not against the law if Rocker.. I mean the president does it!
They will soon need to increase the debt ceiling, to support the huge amounts of cash the PPT spends supporting the market.
Or perhaps they just print it. Either way, it should be good for Gold. The physical kind, at least.
I think you incorrectly assume that they are reporting PPT activities on the balance sheet...
actually, i love the silver manipulation. i daytrade regular stocks, and then, when JPM pulls one of its predictable slaughters of silver, i go in and buy bullion at a discount. and i take delivery, and i don't sell.....started my collection about five years ago.
silver ben berry berry good to me.
But you don't sell any just before the take down? I'm always tempted, but it always looks like a risky trap. As long as you don't sell...
the LBMA's fair value prevention team ....funny
Yeah Baby! Smoking Hot!
What's hotter than hot? Look at gold in terms of EUR. Now that's a super sexy chart.
You're a typical example of how shameless one can be..Or have seriously mean intentions to make as many people as possible to lose money ..Either way, it's time to shut up for you JB
But what if you bought gold over a year ago, like I did. So far, time has proven my decision to be correct.
You're stuck in the short term trading mindset.
/logs in to junk johnny :)
one more and he goes bye bye
TO ALL,
I confess to an experiment. I saw a "Johnny Bravo" post with 19 junks. I hit the junk button to make it 20. I refreshed and his post disappeared!!!!
This is one screwed up thread to read.
lol yeah, it looks like you are flaming velobabe in the next few posts
but most of us know that you are not
advice: do not reply to Johnny Bravo, just junk the fucker!
K I D [shouts] Look, Mommy! That guy's looking at pictures of almost naked men!
[the whole store stares at Johnny]
Johnny Bravo: This is a men's fitness magazine, I want to look *like* this, not at this... I've got nothin' to be ashamed of!
[walks up to cashier ashamed, and drops change on the counter]
Johnny Bravo: TV Guide.
All right you little shit for brains. You just burned any kind of positive regard I might possibly be able to have for you. What you just did there served no purpose, at all. Guess you are not here to bash gold as a bad investment, you are here to "get reactions."
Identity claims up to now-->invalid. You are DISHONEST. You lied to me down there. I retract my apology. I will now assume you are Jory and everyone else because your word is not worth the smegma on your little dick.
Nutcase!
Yes. Yes, you do, kiddo.
@ velobabe, thanks for that avatar, nice !!
Three words: go fuck yourself
Here's what you posted in February. Still waiting asshole?
by Master Bates on Wed, 02/17/2010 - 21:29 #234916
How's this for words? Gold is back in a downtrend.
You can save my post for a couple more weeks again, and use it to prove that I'm right again.
Gold sub 1000... :)
Gold at 1238 Dollar
Gold at 1035 Euro
1238/1035= 1.1961
Eur/Dol =1.195
Gold is money and nothing else. Hope you make a shit load of dollars off your fast money. It all ends up becoming a derivate of my gold anyway. Go make me some money and quit wasting time talking about stuff you don't understand.
Think I'll just tuck in with Heph over here and sit the rest of this one out. What a clusterfuck.
So you proved that dollars and euros buy things at the same proportion to their value?
Ummmm.... yeah, I already knew that.
Well we are going to see another ratio next month. One you're not going to like.
The gold to Euro is stealing the show right now. Love it.
Btw, from one gold bug to another, "Gold is money and nothing else," is nonsensical. Gold only works as "money" because it's a natural resource and one of the best industrial metals. However, it's TOO good a resource to just use up in industry. So its use is savored. If gold actually had no uses except as inert rocks to move around, it would never survive as "money."
This is easier for most people to see when they look at silver, but for some reason even gold bugs don't understand gold.
Gold has a subjective value that approaches its objective value, like silver (and food (energy)).
''"Gold is money and nothing else," is nonsensical.''
True, gold is wealth.
Gold is love, peace, and harmony, too.
I'm not going to start worshiping at this altar.
Uhhhhhhhh, seriously, are you serious?
Gold has been money for millenia. If it was going to fail as "money", it would've done so a long time ago, honey.
I am Chumbawamba.
Yeah me is serious sweety. Looking at the past millenia wont say anything about the future. Governments and banks wont allow their precious fiat to be taken away. The masses won't have it either. Actually me dont want it either. Otherwise the governenments / banks will go fractional on the stuff again and we'll be back in the same shit in no time.
What you prefer, pay tax with paper or gold :). Because gold never failed as money it will be promoted to true neutral wealth. I dump paper asap. My (physical) gold I sell only if I have truely nothing left to sell. The concept money will be changed. Means of payment and calculation it will keep. Story of value will be stripped from paper. You see it in China, India and many more countries. The West is starting to come about.
Even though The_Euro_Sucks the Euro design enables gold in this role (dollar/pound/yen cant). That is the only advantage it has. How long untill the LBMA blows up? You think the oil wealth of the middle east is really traded for paper? Ofc. not, they get paid in physical gold (at least SA) . Only a bit is paid in paper. Oil, gold and fiat are linked in strange ways. The Euro will deal in physical gold only and oil will be paid in it (see gulfstates developing a 100% gold currency for if the Euro does fail). A well that you must know all. Gold as money is the same as going back to sailing across the atlanctic instead of taking a plane. Evolution baby!
Evolution works both ways, you can become "stupider" if it is in fact advantageous. Think of how many people died simply trying to live as free men. Stupid people who bury their head in the sand while someone is raping them is not "evolution" in the sense that you are using it to imply some form of progression. Going back to a gold standard is simply going back to an honest form of money, that is evolution as well.
Do you not even intend to speak to the concepts of scarcity and "difficult to counterfeit" regarding gold?
That is assumed known in this physical goldfriendly enviroment. I like the concept of gold as wealth instead of money.
JB == MasterBaits == HarryWanger???
Really?
Next thing you'll tell me is that the Gulf of Mexico is filling up with oil and no one is doing anything about it.
Just keep believing your BS Master, I mean you've got to have something for inspiration right?
and please, don't get us excited. JPM owns the Justice Dept. Any "investigation" will assure us that there is no manipulation -- forget that you can't find any silver available at comex prices -- no, there is no manipulation.
the peasantry can not be allowed to preserve their assets. No.
Any "investigation" will be designed entirely to help with the ongoing confiscation of wealth from the middle classes.
But things are heating up politically. Old loyalties are also on the table as individual preservation overrides the old incentives. Still, I see your point.
I agree with calling BS on these legal cases until executives go to jail. What happened to all those cases that were started against Goldman Sachs a couple of months ago? Nothing. They've just melted away. These legal pronouncements are to keep the peasants in the wine bars and out of the streets.
Yes... very funny headline... How many people in this world would find it funny? Yet, here I am getting a major chuckle from it after reading it a second time.
I guess the shiny graph about a shiny metal got me first.
You set my soul on fire. It is not just a little spark. It is a flame, a big, roaring flame. I can feel it now-it is burning, burning, burning....
Sniff. Sniff.
Hey! Something really is burning around here!
Does anyone know, would gold and silver bullion melt in a house fire? Even if it did, your metal would still all be there, just in a different shape, right?
It would depend how hot it got and where the gold/silver was. I remember an auction on ebay a year or two ago where someone's stash was in a fire and had melted into a big amorphous clump. Even though it was the same silver he started with, you'd have to sell at a big discount for lack of provenance.
By the way, does NOBODY here get the reference in my post above? Where the hell are all the kids that grew up in the 60's and 70's?
Low blow JB. You are a good fighter, you do not need to be vile.
I like the way you challenge us. So do it right. I did not junk, but came close.
You should read that famous Gordon_Gekko piece on gold. And look at History as well.
Thx for re-answering my question re 5% - 10% (assets in gold) the other day. I missed your first answer.
Does it matter if you junk me? LOL. Everybody else does. Not that it matters...
I did read the Gekko piece. I thought that Denninger beat him pretty handily. That's just my opinion, and I'm biased at that.
As far as the low blows goes, I have no trouble being mean to those that insult me. I have no obligation to be nice to those that are not nice.
Ten thousand worse things are said to me daily. I don't cry about it.
Actually, I think it is Gordon's piece BEFORE the one where he got into his dustup with Denninger.
Gordon! Post the link to your piece re time is short for JB to review if he chooses.
...
Re junking JB, you should go over to the Peace Flotilla threads (and related, as they appear) since you are combative. You WILL get junked there, whether you are pro-Israel (I am a little pro) or pro-Palestine. I mentioned early on in one those that I had no sympathy for the Turk-American who was killed when the Israelis raided the ship. I got 20 junks in a hair over an hour. Once you get 20 junks, your Reply disappears (of course you probably already know that).
You should try duking it out next time there is some Israel thread. Pick a side, bring along your AK, and have fun!
Tom and Jerry, of course. Just can't remember precisely which cartoon this was.
Nice reference, Methuselah.
BTW, it's on Boomerang (from Cartoon Network) presently. I think it might have even been on yesterday morning as some sort of "Tom and Jerry Marathon". Classic stuff, though I think the Chuck Jones versions were lousy compared to the earlier stuff.
Update: Heh, I must have been "junked" by a Chuck Jones fan!
It's from The "Zoot Cat"
http://www.youtube.com/watch?v=ZraYEVDMB8c
http://en.wikipedia.org/wiki/The_Zoot_Cat
Great stuff.
Methuselah? Why you little.......
"Get hep to the jive."
http://en.wikipedia.org/wiki/The_Zoot_Cat
The Zoot Cat (also referred to as simply Zoot Cat) is a 1944 one-reel animated cartoon and is the 13th Tom and Jerry short.
AH! Of course. Thanks for that - it was going to keep me up.
Just busting you on the Methuselah crack, but I figure you pretty much already knew that.
Ahhhh, another Tom & Jerry fan!
It is a CRIMEX - LBMA Synergy in action...
silver is lagging big time
Silver shorts are pretty low...as of Friday GOLD shorts where at an all time high
Where do you see that? Do you mean today? Gold now up roughly 1.4% while silver is well above 2%...
which makes it all the more exciting to watch. When the silver bullet fires, it will be the shot heard around the world. It will be more dramatic than watching gold.
Silver is up 4%.
Gold up 1.5%
Base Metals (DBB) down 1%.
So, if Silver is not money, then why is it not going down like the base metals?
Why isn't it going down like Pt and Pd?
Maybe it is just a one-day wonder or fluke, but this is an important divergence between silver and industrial metals.
I know, it's odd when the markets are behaving as they should. Today is rational day, maybe?
I'm still going against my kin here by saying silver is not money, but that's because I see money as an abstraction having no inherent value. Silver has objective value like all natural resources.
Hey Master Bates. GOLD is jizzing on your face.
You are a funny lil fucker!!!! LOLLOLLOL
Do you attend clown school? You are great! LOLLOLLOL
Okay, velobabe.
JB, the metal is to keep, while you can still get the real thing. The mining stocks doubled and tripled since 08. People buying on dips and selling on run ups made out like bandits, betting correctly on a long term bull market.
Too bad most goldbugs have been extremely BEARISH on the stock market since its historic run up....
Not to say that it wasn't a dead cat bounce at a 61.8 fib retracement...
Still, it was what it was, and the goldbugs missed it.
As far as holding an investment "forever and ever amen": I don't believe that holding any investment is a good idea, although I've made less money than I should because of this on some occasions. (Like buying BIDU at 120 and selling it at 180! D'oh!!!!)
Missed out on Wall Street welfare!? How terrible!
Missed out on hundreds of percents of gains to make a few percent in gold?
How terrible!!
You could have made more money in CDs than you would have made in gold in the last six months...
~$1125 to ~1240 over the past six months is an annualized 20% gain. Where do you find CDs that are higher than that now?
First Bank of JB's Mother's Basement?
So you're not one to save for the future if the future means more than 12 months. We got it.
No, you are not a troll, your are a ghoul and you are really tiring. Has this become so personal you cannot let it go? Is this an age thing?
johnny cake's wish i could show you my recently acquired,
Todd Reed 18k recycled gold raw diamond/princess cut bracelet &
snow flake 18k / oxidized sterling raw diamonds/princess cut earrings.
i guarantee you the bracelet would not fit around a 60 yr. old male with syphilis, wrist.
i am quite a small boned women. tiny wrists. plus, the earrings are way to feminine for any male to wear, snow flakes and all, just sayin big guy†
So where you at then? Let's meet in public, at a place we can both be assured of safety.
I'd bet 100 bucks you're not even pretty...
Wow. How sad. Is this what it's all about for you? You're just lonely?
I am Chumbawamba.
and a bad case of low self esteem
its a hard loop to break
Johnny Bravo, you've found an interesting way to meet women.
And... what I mean by "interesting" isn't good.
I haven't been on here terribly much lately, but given by the sheer number of "junked" posts I've been seeing on this thread alone, the whole community is getting tired of your act. The verbal jabs at Velobabe and MsCreant are simply classless and have no place on this board. Calling well-respected people "old hags" and then trying to arrange personal meetings in the hinterlands of Colorado is bordering on the creepy part of, well... creepy.
I would think the moderators here are about to agree.
Oh... and McCreant and Velobabe ARE pretty.
But that's being totally superficial, isn't it? :)
Many thanks from the Clan McCreant, we are, of course, at your service.
Oops! I did it AGAIN!
I feel like a trashy version of Brittany Spears. Is that possible? ;)
Maybe you are the fat finger who crashed the market a few weeks back? ;-)
So where you at then?
babey cakes with that kind of grammar usage i am running.
you really had me at, Where you at?
would of corrected you ending that particular sentence with at,
H I C K
So where you at then?
lover boy maybe you and i should both go back to H.S.
beautiful inside and that really only matters to me. kiss kiss.
be in control, and don't be a troll†
velo, I don't know what you look like, but I feel your beauty, you too, mscreant
Thank you!
I agree Velolicious has a beauty that comes through quite clearly over the internet.
we might of deterred him
ms d e l i c i o u s
the best kind†
Oh really? Holy crap I could of lost money too if I bought the Dow back in 2000, ten years and still a complete waste.
BJ you are so full of shit. I doubt you ever traded the VXX. Didn't see you making VXX calls a month ago, even though it was an awesome buy being sub 20 and we do exist in volatile markets. No you pretty much claim to make any awsome trade after the fact.
There are better returns, but do you see no risk in holding assets denominated in paper currency if hyperinflation hits with little to no warning? And please don't dismiss the concern as unreasonable--people are still alive in Germany whose parents got wiped out in Weimar.
Jizzing...jizzing...I've never heard that word before. So, I'll try to use it in a sentence:
The BP ruptured well head is jizzing like crazy. Master Bates?
Johnny Bravo = Master Bates. Johnny freely admitted this. A pathological disser of gold. One thing to hate the metal, quite another to show up with multiple identities on all gold threads to put it down.
I don't show up with multiple identities. I have one identity, which is Johnny Bravo. The MB account has not been used since I have used the JB account.
The other gold bashers are not me, despite the inability of some to understand that more than one person might disagree with them.
I may be an asshole, but I'm pathologically honest as well.
Fair enough sir, fair enough. Apologies. I mean that.
It does surprise me how quickly ya'll appear for any gold thread. Almost like it is a pet project for a number of folks to come out and do this.
I come here looking for the gold thread. I see gold is up 20 bucks, and I know that there's going to be a thread about it.
As to the apology, thanks. It really is the truth. While you may disagree with me, I assure you I am not the other anti-gold posters. I have been MB, and now Johnny Bravo. That's all.
But yeah, I appreciate the fact that you are at least apologizing about that. It's good to know that people can be civil!
Have a nice day, and good luck today and all that.
Well, you're half right, anyway.
Yeah, you're right. I'm not really an asshole.
I don't even have to change identities like some of the other posters here.
No, you are an asshole AND a pathological liar.
(I suspect you are also extremely poor but that's another story)
AHAHAHA!!!! POOR?!?!
LOL. Dude, that was a good one.
I don't lie either. You're funny. And kind of a lame ass loser, at that.
You're certainly poor in insults, and in expressing yourself in words.
No amount of gold or VVX derivatives or FRN can fix that.
I am Chumbawamba.
This whole shebang is gonna look really weird when all his comments are eliminated!
It does Rocky, it does.
It's gonna look like you gals are calling each other ugly names. What a pity.
I wish ZH TPTB would can this guy once and for all. If he could add some substance to the discourse I wouldn't mind so much. And I'm sure that "fair and balanced" sentiment is shared by a few regulars here.
JP Morons and Goldman Sucks should feel a little bit disappointed, but they will never give up
Meanwhile, the volatility in the stocks casino is fun to watch. Up, down, round and round, where will the wheel finally end up? Step right up and place your bets!
The trick is to buy VXX when the VIX is extremely low, and markets are very complacent.
Then, cash in all your bets and make money! It sure beats buying gold at 1220!
What you gain on the round about, you lose on the swings.
Not if you're very careful and take calculated snipes a few times a year...
Most people lose money by "always being invested." This is the sure way to lose money!
I'd rather sit on cash for weeks and months, take my snipe, and get the fuck out!
Nice spike! But, JPM, LBMA, COMEX, etc., please step in and bash it lower for just a couple of days, I am going to be buying, buying, buying, but not until I get my expected payment.
Please, just bash the price down some $50, and then I won't bother you guys anymore.
Thx in advance guys!
Gold is the currency of kings.
Silver is the currency of gentlemen.
Barter is the currency of pesants.
Debt (i.e., $) is the currency of slaves.
Gold giving fiat a polygraph right now.
Nice.
Come now! 'Fish and Chips break' indeed! What a gratuitous use of inaccurate stereotyping; painting an entire nation with the same brush!
I'll have you know, my good man, that some of us prefer tea and scone breaks.
It is tea and crumpets, my good fellow.
Cherio!
Crumpets in the morning, dear boy, scones in the afternoon. Good Lord, what do they teach in schools these days?
Pip-pip!
You guys taking the piss LOL
goatboy
It's curry and chai, now. Fish and chips are for us tourists.
JPM's defense against the DOJ's silver price manipulation antitrust suit.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
That NY Post article has since been corrected.
Correction: Following the publication of this story, JPMorgan issued a statement: "There is no criminal or civil Department of Justice investigation of J.P. Morgan for its silver trading practices."
Read more: http://www.nypost.com/p/news/business/feds_probing_jpmorgan_trades_in_gZzMvWBqOJpB55M7Rh9vwM#ixzz0qBITxLYa
Perhaps just a tabloid journalism error. The email the original article was based upon does not appear to have a valid .gov address. Sad but true rumors tend to go around the earth more times than the Space Station before the truth can get its pants on.
JPM claims there is no DOJ investigation. Interesting. So either JPM is lying or the DOJ is back in their pockets. I can't think of a third option since we all already know JPM is guilty.
$.20 moves per silver trade are the new normal.
http://www.kitcosilver.com/charts/24hoursspot.html
Furthermore, the market is perfectly efficient and $20 surges in gold are perfectly expected and thoroughly predicted according to Random Walk theory.
This is the reason I'm as short as a "green shoot." Since the financial crisis, I've come to realize that the MBA from one of America's leading business schools included a finance curriculum of lies and misconceptions. The "education" is only propaganda.
There's nothing left in America but bullshit, I swear.
Headlines like this one "The LBMA's Fair Value Prevention Team Goes For A Fish And Chips Break..."
Which is very funny is just one of the many reasons I love ZH.
Keep up the great work!
Cup with handle breakout in progress...
1236 & rising. Stonker.
It's a rising wedge, or don't you know how to draw trendlines?
You sir, are a fundamental fuckwit.
I'm not the one making 1% on my investments over six months, and not understanding how to draw channel lines...
Just wait until it crashes!!!
"B..b...but... what about the "cup and handle?"
"I could have made more money investing in CDs over the last six months than gold!!! But GOLD BITCHES!!!"
Hey johnny I just paid 69 bucks for 4 lbs of copper. I'm totally going to owned on this trade.
Speaking of physical gold and silver. I've been buying from APMEX and they seem to be a good place to buy from. I like the way their prices update with the markets and how you can jump in online and lock in a price and the many different payment options.
Does anyone know of any companies that are even better?
Look at:
http://inflation.us/reviews/
Could you change your avatar?
I hate having to ask my young children to leave the room so that I can view Zero Hedge.
Amen! All this porn. Guys think it is some form of machismo, but just makes them look like idiots. Junk them all. Maybe ZH will nuke their accounts.
Perhaps you would prefer a penis?
I agree...would prefer a shot of her pulling it open
REALLY?!?
There are much worse things shown on ZH than naked people.
Treating sex as a perversion worse than real perversions might not be the healthiest way to raise sexual creatures, and, yes, your kids will probably have sex one day.
Could you change your avatar?
I hate having to ask my young children to leave the room so that I can view Zero Hedge.
yes, please change your picture.
Change yours, it offends me.
Assuming the fiddler on the roof is self aware, I think the comment was meant in support of you, noticing that an icon with a gun ought to offend parents more than an icon with a vagina.
Parents are so pervert these days, teaching their kids to feel shameful.
The fuckin thing is too small to see anyhow.
My beef with his avatar is that it isn't large enough
+ 11
One word for ya trav: Zoom
Monex.com works the same way. They list their constantly updated prices online. Will take a personal check and will let you use their priority post acct. Then they send you a check for any split second correction in your favour. Their premiums on coins used to be competitive. Worth researching. Delivery used to take days, lately a week or two for coins.
Personally I find APMEX to be the worst of the bunch. High shipping, coins of questionable grading, and they sit on your payment for far too long before shipping.
now its $1237, oh no!