A Look At No POMO Friday As Saudi, Yemen, Kuwait And Bahrain Brace For Protests

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Thu, 03/10/2011 - 16:48 | 1037848 DoChenRollingBearing
DoChenRollingBearing's picture

Tomorrow is going to be a great day!

Thu, 03/10/2011 - 16:57 | 1037882 duncecap rack
duncecap rack's picture

You are a gold guy. Do you have any ideas why gold and silver didn't catch a haven bid today?

Thu, 03/10/2011 - 17:00 | 1037893 tmosley
tmosley's picture

Nothing moves in a straight line.  There will always be corrections as gold and silver climb the wall of worry.

Don't let the dunces and delivery drivers get you down.  This is nothing but healthy consolidation.

Thu, 03/10/2011 - 17:15 | 1037950 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Holler, King Dollar!

Thu, 03/10/2011 - 17:24 | 1037983 william the bastard
william the bastard's picture

Can't buy the dip until you end the slip

Thu, 03/10/2011 - 17:31 | 1038008 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I don't know what that means.

Thu, 03/10/2011 - 17:33 | 1038020 william the bastard
william the bastard's picture

Why am I not surprised?

Thu, 03/10/2011 - 17:34 | 1038025 tmosley
tmosley's picture

You have to be able to think to be surprised.

Thu, 03/10/2011 - 17:55 | 1038089 depression
depression's picture

holla for da dolla

US dollar and 10 year treasury have bottomed, everything else has topped, copper called this inflection point early but everyone said "this time it's different"

silver paper (SLV) bugs man the lifeboats

Thu, 03/10/2011 - 21:14 | 1038944 Confuchius
Confuchius's picture

@tmosley

Remember, the paper "crimex" prices are for paper. Not metal. Real Gold / Silver costs more. Not only costs you more paper fiat to acquire, it does not change much day to day.

Thu, 03/10/2011 - 17:00 | 1037897 DoChenRollingBearing
DoChenRollingBearing's picture

Turd Ferguson would be the guy to ask.  I too would have thought gold would have gone up.

But, it is important to understand that I do not trade gold.  I buy and hold it.  I am in FOFOA's camp:

fofoa.blogspot.com

Thu, 03/10/2011 - 17:10 | 1037942 sheeple
sheeple's picture

+1

Thu, 03/10/2011 - 17:24 | 1037967 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I wanted to test support this week, thought that since last weekend, and I have support at $1407.  This is just the way it goes, gotta wind it up to let it go, technical stuff.  SLW isand has been on the 30 week moving average since June/July of '09.  When SLW breaks out then it also pulls back sharply because playing both sides of the elasticity generates the largest amount of gain. 

JPM shorts, they hit, then China buys.  Then JPM shorts, China buys.  On and on.  All the while Bernanke gets to run the world, or, Obama, whoever.

Thu, 03/10/2011 - 17:24 | 1037979 william the bastard
william the bastard's picture

"On and on.."

Yeah, until it ends.

Thu, 03/10/2011 - 17:30 | 1037999 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yeah.

Thu, 03/10/2011 - 19:48 | 1038685 Pegasus Muse
Pegasus Muse's picture

Picked up a couple hundred 1oz Ag rounds today -- cheap.  Under $35.  Never thought I'd see that price again.

SLW:  increased my position on the 7% off sale

AG (First Majestic):  12% off; had to buy more

I'll be grinning about my winnings in a couple innings.  Think of how cheap 35 will seem when its sitting at 50.

Thu, 03/10/2011 - 22:21 | 1039151 Vanderdekken
Vanderdekken's picture

Hmmm.... and i thought it was cheap when i bought it at $13/oz. Wish i had more fiat dollars to play around with; When's bernanke going to rain money out of the helicopters?

Thu, 03/10/2011 - 17:07 | 1037932 Tulli
Tulli's picture

Dunecap,

  Gold and silver are usually the last ones off the dance floor when the music is readu to stop. One reason for this is that when faced with margin calls traders sell the metals last. The trading today in gold and silver suggests that margin liquidation is taking place. When that happens, everything goes out the window.

 

This is great for accumulators, so BTFD in gold and silver when you get a nice setup.

Thu, 03/10/2011 - 18:02 | 1038110 depression
depression's picture

Physical metal will not sell off much if at all. The paper markets will fluctuate in response to the COMEX/JPM games being played but physical prices and global physical demand will hold steady or just ignore the paper market and continue to rise unabated. At some point soon physical delivery demand will overwhelm COMEX.

Thu, 03/10/2011 - 17:21 | 1037969 william the bastard
william the bastard's picture

Because the Fed inflate-a-bubble has failed again and rates will be rising as global economic growth collpases.

Rising rates have killed every gold rally since the rule of Valentinian III

Thu, 03/10/2011 - 17:29 | 1037996 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Rates can't rise the interest on the debt would crush income.  Right now 1/3 US debt pays for the "right" to use the dollar as a domestic currencie. Raise the rate marginaly and that goes to half.  The US would be forced to cut its military budget.  Ain't no way that is happening. 

Thu, 03/10/2011 - 17:30 | 1038007 william the bastard
william the bastard's picture

Not only are you betting on it you're getting lousy odds!

Thu, 03/10/2011 - 17:34 | 1038021 gwar5
gwar5's picture

Half of PM move the down is the result of relative strenthening in the USD (kitco)

Thu, 03/10/2011 - 23:42 | 1039362 StychoKiller
StychoKiller's picture

People sold stock(s) and bought FRNs.  When the $ goes up, Gold & Silver go down (usually!)

Thu, 03/10/2011 - 17:09 | 1037937 NewThor
NewThor's picture

Who needs POMO when you got the ninja's of the PPT?

Ben Bernanke will make sure the Dow Jones closes today over 12,000.

He's real big on psychological barriers. Anti-christs are funny like that.

 

 

 

Thu, 03/10/2011 - 18:38 | 1038303 r101958
r101958's picture

Exactly!....and they will be out in force tomorrow.

Thu, 03/10/2011 - 23:45 | 1039368 StychoKiller
StychoKiller's picture

Dow closed at 11,984.61, on your planet perhaps it's still above 12,000. :>D

Thu, 03/10/2011 - 17:13 | 1037945 sheeple
sheeple's picture

not sure bud, looks like a set up for commodity sell off tomorrow

Thu, 03/10/2011 - 21:20 | 1038966 Confuchius
Confuchius's picture

Sheeple;

Keep in mind: Ag & Au are money, not "commodities".

Thu, 03/10/2011 - 16:49 | 1037852 Motorhead
Motorhead's picture

Even Halliburton is down today.  What is this world coming to?

Thu, 03/10/2011 - 16:52 | 1037860 Cash_is_Trash
Cash_is_Trash's picture

To the end of fiat, my friend.

Thu, 03/10/2011 - 17:04 | 1037920 fredquimby
fredquimby's picture

FOA 10/09/2001

"In other words, the current price of gold means that you are buying a slice of the world’s gold supply with a proportionately smaller slice of the world’s money. You can currently buy x% of the world’s gold with y% of the world’s money, where x is much bigger than y. When gold will become the unit of account of the world’s wealth, you will find yourself able to claim a much bigger slice of that wealth than you would have been able to do with fiat money before the collapse."

http://fofoa.blogspot.com/2011/01/reference-point-gold-update-1.html


Thu, 03/10/2011 - 16:50 | 1037854 Jeremy Roenick
Jeremy Roenick's picture

As they used to say in the '80's...

It's on like Donkey Kong...

Thu, 03/10/2011 - 16:50 | 1037855 Jeremy Roenick
Jeremy Roenick's picture

As they used to say in the '80's...

It's on like Donkey Kong...

Thu, 03/10/2011 - 16:53 | 1037858 Johnny Lawrence
Johnny Lawrence's picture

And the struggle into the close to stay above 12k and the 50-day on the S&P

Thu, 03/10/2011 - 16:53 | 1037864 JimRogers
JimRogers's picture

You don't think they'll toss 7 billion down the POMO-hole just cuz its not on some schedule?

POMO erreday!

 

 

 

 

Thu, 03/10/2011 - 16:53 | 1037865 dick cheneys ghost
dick cheneys ghost's picture

sexual prey in the saudi jungle.........a look into saudi society

 

http://nakedempire.wordpress.com/

 

 

Thu, 03/10/2011 - 16:55 | 1037871 youngman
youngman's picture

What has me befuddled today is the rush to Treasuries..."security"...but gold and silver are down...to me a better security...WTF

Thu, 03/10/2011 - 17:01 | 1037900 tickhound
tickhound's picture

It's called the "zombie effect"

Thu, 03/10/2011 - 17:08 | 1037934 Translational Lift
Translational Lift's picture

The people that buy stocks and bonds don't know there's gold and silver out there.

Thu, 03/10/2011 - 16:56 | 1037876 GOSPLAN HERO
GOSPLAN HERO's picture

Silver, my homies.

Thu, 03/10/2011 - 17:03 | 1037877 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

I'm going to create a robotic army of protesters and they will look like this:

http://www.youtube.com/watch?v=z6bfjkVTNNo

http://www.youtube.com/watch?v=eZlLNVmaPbM

When they are not protesting in my chosen locations they will be trading in the pits of the CBOT.

"emotional affordances in human robot interaction". It's coming to a town near you.

[Skin on / Skin off]
http://www.popsci.com/files/imagecache/article_image_large/articles/gemi...

Thu, 03/10/2011 - 16:57 | 1037878 Dr. Porkchop
Dr. Porkchop's picture

Dow 6000

Thu, 03/10/2011 - 17:02 | 1037909 DoChenRollingBearing
DoChenRollingBearing's picture

JUST closed below 12000.  Only 50% more to go!

Thu, 03/10/2011 - 18:44 | 1038353 malikai
malikai's picture

Dow 600

Thu, 03/10/2011 - 16:56 | 1037879 Armando Javier ...
Armando Javier Finkeltein of the Boise Finkelsteins's picture

"Hey Abdul, what are you going to do?  What do you say after prayers tomorrow we loot,riot and grab ass blonde bimbo reporters?" " Sounds good to me."

"What about me?", shouts Mohammed Bruce.  "Anbody seen Anderson Cooper?"

 

 

 

 

Thu, 03/10/2011 - 17:10 | 1037939 wisefool
wisefool's picture

Arabs are fierce people but not easily fooled. If a bernank showed up with a chart that said 32/47 virgins was enough, we can give you a ukrainian nurse and an F-14.

Thu, 03/10/2011 - 17:28 | 1037991 zaknick
zaknick's picture

Anderson Cooper (a Vanderbilt I understand) is a little biatch who got biatch slapped in Tahrir square and went home crying to mommy.

Biatch slapped!

Thu, 03/10/2011 - 17:39 | 1038042 wisefool
wisefool's picture

yucky stuff to hitch your wagon to post modern perfume. I got "honey badger" and the american counter part on my shoes and arabian carpet right now. But the chickens are safe from kadaffie.

- PePe le France me something.

Thu, 03/10/2011 - 16:58 | 1037886 sulfur
sulfur's picture

Sell the fucking shit

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