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Net Net: Gold Surges To Record, Stocks Close Red
Ave Shalom, those who are above to create their own gold standard, spit in the face of central bankers worldwide, burn linen "money" and laugh all the way to the post US-restructuring bank salute you. Everyone else - there is QE 3 through 3 trillion. Stocks end the day at the lows when priced in the one true currency.
S&P:
Gold - new all time record above $1,290:
And S&P priced in Gold:
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You dear, dear bitchez.
Suggested music:
www.youtube.com/watch?v=UJOjTNuuEVw
As the Swiss say, "Gold IS money".
"Gold is money and nothing else" -- JP Morgan
Prescient in that she starts singing it in pig latin @ 1:50!
Up yours, pig-men!
That film was from 1933. So either those dresses were confiscated immediately, or that is a private party at FDR's house.
That shit freaked me out a little at 1:40. That close up on the chick speaking gibberish and her face got all mean looking. It got a little dark there.
she still had to look to read the lines, though, didn't she.
http://www.youtube.com/watch?v=AFM8i6jJFOc
In the movie Bonnie and Clyde there's a scene where Beatty and Dunaway are at a theatre and they are watching the Gold Diggers sing "I'm in the Money."
This bitch has got gold!
Got gold, bitch?
These bitchez are golden!
I have nothing but respect for the intelligence of my fellow gold bitches.
obligatory "gold, bitches" here.
I notice every time CNBC shows Gold on the teevee, they show bars and bars and more bars. Never coins, or a single bar. As if to lure isn't into believing "No need to rush, there's tons of gold bars out there. Relax, everything is fine. Tons of supply."
If the general public was aware of fractional oz coins then you would see many of the serfs throwing $150-300 a paycheck at 1/10 coins and such; possibly even getting out of their 401k/IRAs all together.
When the public thinks in terms of huge bricks of gold weighing many ounces, the public will believe that gold is too expensive for them to invest in.
All I know is that the neighbors in my hood (ones who laughed at me when I was SCREAMING to buy gold in the upper 700s) are now asking some simple questions about gold.
F*ck fiat!
Don't worry. They will be getting out of their 401ks and IRAs alright. Right into UST annuities,...mandatory. hahahah
HAHAHA. I still am trying to encourage the board of my company to stop pissing away profits by matching 401ks. Give it to the employees as added pay, but stop flsuing it down the deriv toilet. I guess I need some more charts from Zerohedge and need to do a full-blown presentation or something.
On second though, forgetaboutit.
Not gonna happen. 401k contributions are tied in with tax breaks.
> All I know is that the neighbors in my hood are now asking some simple questions about gold.
Naahhh... they are too busy getting all excited for the new season of TV shows to even notice what happened today. They'll come home from work, get spanked by their wives, have a beer, and watch TV.
I do that too. I prefer 100% agave tequila on the rocks myself, spanking the wife, and watching the internets (max keiser, zerohedge, etc), but there is always time to buy some gold. I grow gold too, Virginia Gold tobacco, but it is not worth as much per oz.
on about the same schedule as U dick h e a d . cept i use agave nectar in the morning with my silver needle white tea and i have to spank myself every night.
im so loney, Sloe Gin Joe Bonamassa , live at Albert Hall. my new mantra. but if joe can sing the blues, so can velobabe.
Psssst. You're Kathy now.
LMAO!
are you a femonist man wanna-be like most western women ?
I was thinking more along these lines:
http://www.funpic.hu/en.picview.php?id=35163&c=49&s=dd&p=11
colon, how in the heck did your post 18:20 get ahead of my post time stamped 17:47. did you EDIT? i have seen that ugly little man enough times. no more, please.
no, i don't want to be no man. i might want a man, hard to find now a days spitz. ya know any that might fit my size? small and tight.
.ist rule when looking..dont look. go out do what you like to do, make yourself happy and dont wait on anyone to do it for you. You got to love yourself first and be happy with YOUR moment. Life term is limited and shortened by use so its not a man , money or a goal to be seeking but the moment and your FULL presence in it.
Best wishes to you all, we know whats facing us.
I found my wife at a church function, much better than bars -- no smoke or loud music to contend with.
this is where i met my first boyfriend, EYC it is why i found religion.
Episcopal Youth Community - Wikipedia, the free encyclopediaMy Good Doctor, I too appreciate quality time with the wife, then on to Max, Zero Hedge and Harvey Organ with a single malt.
I think you may appreciate my newest micro-doc pulled from the bowels of the internets.
The Curious Case For $936 Ounce Silver.
http://www.youtube.com/comment_servlet?all_comments=1&v=Bru2tVghbqw
me want 1/10 coins. where me go?
APMEX.com
i don't recall "fuck fiat" being a Morganism, not that i don't agree with the gold thesis.
I like it. I might get a T-shirt made. It would be fun to see how many people ask me who she is.
They would probably think you were referring to the car...
as opposed to coins, gold bars look inaccessible to most people,
as in "to buy gold you have to buy a kilo", no?
I noticed these patterns with cnbcs also...
1. When gold is tanking, they flash it front and center of the screen. And show the price ticker frequently.
2. When gold is rising, they rarely show the price ticker.
3. When the dow is tanking, they harp on the "fair value".
4. When the dow is rising, you don't hear shit about "fair value".
If I were bored, and so inclined I'd actually count the difference. But
I'm not so I won't.
follow bloomberg. Pim just can't help it. besides if you want real men you have to start with radio. at least that's what all the girls tell me.
Propaganda ministry at work!
http://ftalphaville.ft.com/
Power ZH
Treasuries, bitches!!
bingo... give me treasuries in one hand and pms in the other and it can do whatever the fuck it wants.
Let's see: the Fed says that the economy is weak and that it will print more money specifically to create inflation.
Hmmm. Sounds like stocks should be down and gold up.
that's exactly what should have been happening for the past year and going forward. something is amiss, yes yes?
Bernanke busy increasing exports.
A confidence vote?
The oft-predicted 30% correction that never happens.
I was looking for it today, close to getting one going, but no cigar.
I have a bunch in my IRA, itching to sell them if they fail.
But so far, all the gold stocks are still looking good.
Charts of most of them are here:
http://clearstation.etrade.com/cgi-bin/bbs?post_id=9466137
After that grenade explodes I will help you pick up the shrapnel. :)
30% gold corrections, didn't anyone tell you those are so nineties and aughties. Pull yourself into this decade.
It's a bad days for us poor trolls ain't robot?
Sr. VP at JPM JonNadler!
You have not marched out your underling Bravo. You better have him get busy, or JPM is going to need to be changing their skivvies soon...
am just going to make up a new handle at this point you know. Any suggestions for a new troll name?
BenBernanke?
LarrySummers?
ObamaRemorse?
So many great choices...
Big story just broke: Larry Summers leaving the Administration! Now maybe we can get something done.
summers almost gone
http://www.youtube.com/watch?v=UFPVNbEIObQ
crockett you never respond to my questions. summer is gone. fall, is the best though.
You have been such a lovely effigy. I'd hate to see you go. I have a good one if you are bored...JimCramer.
That grenade is made in Japan. Must be state of the art.
I see a bit of rust.
Rust Never Sleeps.
My, my, hey, hey.
Heh, how does General Jim look now?
Thanks for the charts... you are missing a goodie though
FRG
Been accumalating since it was 2.46 a share
Another one, albeit on the TSE, is perhaps the most undervalued producing gold company in the world
Alexis Minerals AMC.TO
Disclaimer: Long both stocks
So you have PAPER GOLD in your IRA??? What bank was it that got fined for charging customers storage fees of metals yet NEVER actually bought nor had any stored?
Robo, i am surprised at you! Those ultra-anorexic women are having a negative effect on you. You MUST visit Brazil immediately!
Dude the HUI went past 500................
We may be seeing the run up that get's the Parabolic started.............
Gold Stocks? What the fuck are gold stocks???
deleted comment
Curious, when was the last 30% correction and over what time period?
i've heard a rumor that "Erin's pulled the pin" but having never spoken let alone seen her in the flesh i can't say for a fact. If i could say for a fact would you like me to tell?
Strange time of day for a big move isn't it?
Can someone confirm that silver closed at $20.99? Because thats awesome...
Awesome is it, suckas!!!
On the nose.. according to kitco
delightful
you've been junk'd!
right back at you big boy!!
I didn't junk you, but a fella who can't pull up a Kitco chart oughta be.
FYI: http://www.kitco.com/charts/
Better yet: http://finviz.com/futures_charts.ashx?t=ALL&p=m5
yeah it did, and now it's over $21.00
$21.05
http://www.marketwatch.com/investing/future/SILVER
if you're a guy you sure do a good job talkin' like a girl.
Huh? Because I quote a price and supply a link? What am I supposed to do to prove my manlihood; add a reference to ball-scratching, quote the price of a sixpack, or post links to the new pics of Kournikova?
Anyway, enough of this, another article on Gold over at F&E.
http://www.financeandeconomics.org/Articles%20archive/2010.09.21%20Infle...
junked for assuming and implying intelligence is gender related
for doolittlegeorge
It should teach me not to listen to brilliant minds on here. I sold all my physical when Johnny Bravo and Robo were predicting a crash in the price of Gold.
How could those JB charts, the greatest technical analysis investor of all time, be wrong????
How could Alf, that comical hairy creature be right and Robo, the expert chartist be wrong????
Nothing makes sense any more......hehehehehehe
I could use a little JB to celebrate right about now. Now where is JB?
Oh, here he is.
+ $1289 Cog Dis!
At least you have the right prescription for Bravo too!
Is Bravo old enough to drink?
You mean legally or from his parents liquor closet?
$211 more bucks and its death after midnight DCRB!
Promises made, promises will be kept, Hulk.
But, the big one at 50k is where the real party starts... I think we should meet in Las Vegas, I could deliver one big nice surprise then!
Wild Turkey, young man. Wild Turkey.
Silver shot straight up today as well, broke $21.
Silver actually pushed over $21 earlier.
Cue Igor voice:
Ssseeellllverrrrrr, beeeeeeechezzzzz!
The markets are being flooded with fake silver 100 mills bullions as retail buying for silver is spiking!
All my silver coins are up 23% in just a 4 weeks time!
Gold coins are up 9% in 4 weeks!
Fake silver? lets hear more. ill google it later.
Go,go,go Gold,Go,go,go,Silver,Go,go,go,Larry Summers.
Larry you junking bastard, don't be hurt.
BACK TO SCHOOL!!!!!!!
Doesn't the story go something like 'one currency to rule them all, and in the darkness bind them'
Could it be that the low volume is about catch up with equities.Maybe the bankers do not want to miss a parabolic in gold and have to sell equities to particiapte while smutaneoisly covering gold shorts.
It must be scaring them that there is a very simple way to not participate going long markets and still betting against the banking system by going long gold and staying relatively immune from market manipulation in equities.
well should i be embarrassed, that i just purchased physical gold at it's highest price. guess it doesn't really matter, cause it is a done deal.
ah U r being rhet or ical.
No, you only traded FRN for real money. You will benefit from that transaction.
You will be OK. About 80% of my gold I bought at its "highest price" only to watch it go ever higher. Patience. If gold goes to the BIG NUMBERS, you will be a happy camper!
I will be buying physical again real soon. No big deal.
Is there anyone who did not buy at the highest price -- at the time?
That was a strange comment, eh?
Rocky, you've been partaying too much.... I bought gold at $930 July '09, "down" from it's "high" of 970 a few months earlier.... Wish it was more.....
I was spoofin'. I started buying under $400 and agonized at every $50 move thinking I must be nuts to be paying this much for a lousy coin.
What I meant is that we all buy at the "top" at the moment we buy.
No, just for TODAY you did...................Gold at any price from here on out, is a bargain, when they HIT the QE Button and dump more...............you will see it go thru $2k quickly.
Those of you with LOTS of money, need to be planning a expat.
See the last post at the bottom, just saw this today.
Yeah, soon we'll be filling out 1099 forms every time you want a gram of gold.
Protip: If you have a local dealer, exchange private phone numbers with them for the day after they close up the shop, due to this 1099 idiocy.
I've bought at record highs a few times (payday always seem to miss the dips while the coin store is closed on wed. where there's been a short dip or two).
When I do buy the high, I like to note (in a voice loud enough to catch the attention of people selling that day) that I'm buying it while it is still so incredibly cheap.
Next, I wave my fednotes around to display their fragile, worthless nature, in contrast to the solid coins I've traded them for.
Then I laugh at the dealer for being "stupid" enough to take them in exchange foe something real.
So far, I've never felt dumb for these purchases.
So, uh, your dealer still gave you his private number even after you laughed at him everytime you stopped by? Interesting.
and to think you still don't even have a boyfriend yet. talk to Maria...she'll tell ya'--"even he was worth it."
W H A T ¿
OT: but wtf was going on with the XLF?
Forget gold, remember CNBC tells us tech is leading us to the promised land.
-ADBE reported AH and guided lower going forward
-PMCS reported AH and guided lower going forward
See, tech will lead us...somewhere.
the girls are telling us that. i like girls.
My sense says that it is time to take a little profit in PM's.
If that is what you are about, I think your sense is right. I may be too conservative, but I am waiting for the resulting dip to get more. Gotta admit it though, I have not gotten my dip in a bit and I am getting antsy.
I have a stash of physical that I just hold; however my comment is geared towards those speculating in ETF's and/or Comex.
I was thinking the same this morning MsCreant
Gold ain't for speculation, it's for wealth preservation. Besides, what would you do with the money? Presumably it's money you don't need -- until you need it.
Think of it as shorting a few $ vs. gold. Aim is to cover cheaper later.
GOT PVC???????????????
Finally, through current US Gov't FinCen regulations, and thanks to both the Patriot Act and recent
(2008) regulatory changes by the Dept of the Treasury, the government seems to be tracking gold purchases by individuals as small as $3000 per year per person. Don't tell me this is to prevent money laundering by drug lords.
They wanted to take it once before. Why not now? Makes sense. The thought is frightening.
No more frightening than buying long dated treasuries. lol
I used to think the fed would not go door-to-door and/or lock down safety deposit boxes; I still believe that.
But it occurs to me, that is not how the fed would go about it in these nanny-nazi times. They would send you a polite letter asking you to turn in the PMs they know you bought to your nearest, say, Chase Bank or post office.
They will generously give you a timeline.
If you don't, you will get flagged for whatever they can think of - an audit here, a garnishment there, refunds withheld . . .
Something like that, is how they would do it.
They would create an electronic obligation, like you owe them taxes.
I am quaking in my sandals. As the old joke goes...'there will be three guys missing, me and the two they send looking for me.'
Foreign ownership in productive ag re is the best way to avoid the azzhats...but there are other ways that work equally well.
Don't believe everything you hear about the efficiency of the gov and it's depts.
Nah way easier to tax transactions on it. You let people know that and a few people will either stash it or try to cross the border with it and leave permanently if they have enough money. Ideally they want that money in country so slapping a tax on it serves the same effect, or just make it so it's hard to make a local market in it. Not much wealth in gold anyway, most American's don't own any aside from jewelry (which is crap 14k), and among the gold owners I daresay most haven't moved most of their assets into it. I mean sure I have but I'm a nut, ask anyone :)
The richer plumb is going after the 401k's and pensions. I'll only start worring about Uncle Sugar eyeballing my gold after he has feasted upon those.
At least one of the coin shops where I buy Au, it is cash, and no name on the invoice. They do not know who I am.
Buy from Tulving, et al, will be a different story.
Also, these FinCen regulations may indeed get down to the coin shops. In the words of long-missed Gordon_Gekko:
Buy.Gold.Now. (physical only)
Hey what happened to Gordon_Gekko? Did he just dis-appear?
I don't know what happened to G_G nor Chumbawamba, miss those guys...
cheeky bastard, he is the most important.
EDIT: no offense to any of the other ZH posters, you all are very fun indeed. but i have lost a lot of my spirit, not having cheeky bastard to follow and read his thoughts.
i did hear he was "more than one."
gemini, he told so himself. probably lying.
Your chart progresses through signs. Cheeky is definitely a cancer sun by now and could be a leo depending on how late of a degree he was born.
i like leo's 4 sure. my father was a leo. my mother was a gemini. well, i didn't know we progress, but it seems sensible. i got my chart done when i was 18 y/o. it said i was going to die from an accident. but i think i am a cat with 9 lives. that is the role i am playing for now.
I am Chumbawamba -not.
He was run off by the bomb, bomb Iran Zionists on this site after he exposed their genocidal ways.
GG posted this morning. Chumba is flat ass missing.
My suspicion is that Chumba had to go radio silent.
- ProjectMayhem
rusty, i am a chicken, and don't want to be hit in the face at all.
I know a place they don't even keep invoices.. cash and carry... who?! what?!
Nothing to see here, move along.
If Uncle Sugar is desperate enough he will ask where that missing cash went. After all in the era of digital money massive cash transaction might make an auditor start asking questions, remember guilty until proven innocent. Hell if Uncle Sugar wanted to he could track IP address to this site and figure out who the gold bugs are. But really we don't matter in that scheme of things. Indivdually we don't have much gold, even collectively Americans don't. What we do have is mostly in jewlery and they can "confiscate" that by having better prices on reselling it. And if things get bad enough people will sell their jewelry, to buy gas or make rent or eat. While I'm not happy about the gov being able to do anything it wants I'm also trying to be realistic about what it will do.
Now all bets are off if it goes total police state. However under that scenario the gov will seize all wealth in all forms from the average citizen and dissidents will go to re-eduation camps. In that case wealth preservation is nice but it will be more about getting the hell out of Dodge with your skin then making a profit.
don't worry Otacon, i know psycho mantis is forever trolling.
I ordered 1,000oz from ScotiaBank. Took it right out of their vault at 40 King Street in Toronto!
Screw the government and their tracking. They screwed up the money so we protect ourselves the best way possible. If they pass a law making gold ownership illegal then it's a different ball game...until that time comes they are whistling past the graveyard, starting rumors, using scare tactics, jawboning, and pissing in the wind.
They can crap or get off the pot.
Don't you worry, they can spew crap with the best of them. In this case the crap will be, "Dear Citizen, Anyone hoarding gold/silver is stealing from honest, hard-working Americans. Report them to us and we will give you a 30% cash reward."
How could/would they be doing that? Intercepting & storing data about all incoming wire transfers to vendors such as Apmex, Tulving, et al?
I don't care what the azzhats are doing or not doing. Until I am handed a subpoena it's all just bullshit.
Presumably, when buying from those websites, people would make their purchases with credit cards. Should be easy enough for the banks to figure it out from there.
Let's face it, if you are in the right location, you can simply drop cash on the counter and take up to $10,000 in gold or silver home with you immediately. No forms, just the name "CASH" or "Mr. & Mrs. John Smith" on the invoice. Bring along a spouse or two and leverage the bang for your trip.
Not that I would do this, but there are those who might not want any trace of their ownership of PMs to show up on any records.
Maybe your local coin dealer operates this way.
I know people who have done this exact thing at places here in Cascadia that I won't name for fear of creating 'problems' for them. They ask your name for the receipt. They don't ask you to prove it, as they rightly believe that Americans are honest people whose veracity should not be challenged. And since they are close to the source of supply, their markup is acceptable. (About 5% on silver rounds)
You must do this in person, of course. Shipping by USPS means there's an insurance trail. FedEx and UPS don't do PM shipments for insurance reasons.
So it pays to drive a little to save a lot (of privacy.) We should NEVER have been driven to this sorry state of affairs. But when you play with Fascists, you'd better know the rule book AND the street rules.
The fact is, nobody knows how much silver we still have, if any. I don't even tell myself, for fear that I might blurt it out to the wrong person. But if I DID have any silver, it would be in a safe place that's not a bank or a piece of paper promising some silver.