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Rumor Gadaffi Making Preparations To Leave Libya Sends Oil Lower

Tyler Durden's picture


From the BBC: "Libyan sources have told the pan-Arab newspaper al-Sharq al-Awsat that Col Gaddafi has turned to the rebel Transitional National Council to secure his departure from the country in return for guaranteeing his and his family's safety. He sent a negotiator on his behalf to Benghazi and made handing over power before Libya's parliament, the General People's Congress, his condition, the sources said." If confirmed, look for oil to drop substantially. However, since this is almost certainly the latest totally bullshit rumor in a long string of market manipulation attempts, any drop in commodities should likely be BTFDed with a vengeance.


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Mon, 03/07/2011 - 10:32 | 1025880 r101958
r101958's picture

So, another Gaddafi rumor intended to manipulate markets?

Mon, 03/07/2011 - 10:38 | 1025901 TradingJoe
TradingJoe's picture

Yep! And by the way, it is not about Libya any more, its about SA!!! Thats the big stone!

Mon, 03/07/2011 - 10:40 | 1025919 Azannoth
Azannoth's picture

with 50B(or so) in the bank he has finaly realized that he has more to loose than to win by staying, duh took him long enough

Mon, 03/07/2011 - 10:46 | 1025941 Sudden Debt
Sudden Debt's picture

I think he bought the left wing of the White House with that money.



Mon, 03/07/2011 - 12:16 | 1026241 Cpl Hicks
Cpl Hicks's picture

So what you're saying is that he bought the whole thing, right?

Mon, 03/07/2011 - 10:59 | 1025993 Mad Max
Mad Max's picture

If I had $50B I sure wouldn't bother running a country.  And less so a country that was trying to kill me.

Mon, 03/07/2011 - 11:08 | 1026022 breezer1
breezer1's picture

head of state and all that means he can pitch his tent in a lot of backyards.he stays because he thinks he is king.

Mon, 03/07/2011 - 11:09 | 1026029 Oh regional Indian
Oh regional Indian's picture

MM, this quote from Duneis favourite of mine, kind of explains things:

All governments suffer a recurring problem: Power attracts pathological personalities. It is not that power corrupts but that it is magnetic to the corruptible.Such people have a tendency to become drunk on violence, a condition to which they are quickly addicted.

  • Missionaria Protectiva, Text QIV (decto)




Mon, 03/07/2011 - 12:44 | 1026311 High Plains Drifter
High Plains Drifter's picture

Zion's reaction to the Arab uprisings......

Perpetual war is the only way they exist and so it will go on and on......

Morris has it about figured out.......

Mon, 03/07/2011 - 12:33 | 1026325 High Plains Drifter
High Plains Drifter's picture

Do you find this bazaar?

Israel helping el presidente for life to assemble army of 50,000 mercenaries.

Sometimes reality can make for strange bed fellows.

and now NATO and the Americans are helping the rebels .......

sounds like a recipe for continous war there.......which I think is the real
purpose of it all now.

Mon, 03/07/2011 - 11:18 | 1026051 MachoMan
MachoMan's picture

They all will kill him...  after taking his money...  So you end up in foreign lands, desperate to keep their populace from revolt and deposit billions into their coffers with the understanding they will keep you alive and secure?  Really?  This guy has nowhere to go and will eventually end up in an international tribunal fighting for his life (while blabbering incoherently and looking like a bleached Mr. Potato Head doll).

This is how dictators end up in holes with bed head.

Mon, 03/07/2011 - 11:29 | 1026090 Mad Max
Mad Max's picture

Kaddafi may not have any options in the nicer parts of the world, but he has some friends in various African countries, basically in a line south from Libya.  He could move to one of those, live in a nice mansion, set up his spawn as billionaires and likely die of natural causes without too much trouble.  I tend to think Oh Regional Indian's comments are right.

Mon, 03/07/2011 - 12:08 | 1026216 MachoMan
MachoMan's picture

His comments are right, but they're not mutually exclusive with what we're talking about...  Kaddafi Duck moving to another country is simply kicking the can down the road at this point...  either he goes to a place that kills him and takes his money...  or he goes to a place that will likely be overtaken by its own inhabitants, much like the MENA turmoil that took out Libya.  Regardless, each time he seeks to transfer his wealth, he'll pay a handsome transfer tax...  even to "friends".  My guess is this is why he wants to stay...  he is out of viable options.  People want his head and he can either do their job for them or he can delay the inevitable through additional conflict.  His choice.

I still think it would be awesome if he goes missing and a few months from now they find him in a small bunker knee deep in cocaine and hookers and with nick nolte dwi/saddam wild hair.  I mean, if I knew I only had a little while to live, I wouldn't blame him...

Mon, 03/07/2011 - 10:44 | 1025939 The Third Man
The Third Man's picture

This is like theater on wheels. If the Gaddafi show is over, then I guess it's time to move on to the Saudis.

Mon, 03/07/2011 - 11:11 | 1026037 Pizza spaghetti...
Pizza spaghetti and mandolino's picture

No, just consider that today it's Carnival in Europe ...

Mon, 03/07/2011 - 11:11 | 1026038 High Plains Drifter
High Plains Drifter's picture

It doesn't make any sense. He has stated and his son has stated, they are not leaving. I believe them. Their forces have gone on the offensive in many areas they are trying to retake. This does not sound to me like someone who is leaving.  I heard this , this morning on CNBC and I don't believe it.

Mon, 03/07/2011 - 11:25 | 1026076 Pizza spaghetti...
Pizza spaghetti and mandolino's picture

It's Carnival today in Europe .....

Mon, 03/07/2011 - 10:34 | 1025882 Ned Zeppelin
Ned Zeppelin's picture

 BTFD, short oil.

Mon, 03/07/2011 - 10:35 | 1025887 Cognitive Dissonance
Cognitive Dissonance's picture

Someone in last nights Gold thread asked what everyone thought the Monday morning Qaddafi rumor would be about.

Did someone win?

Mon, 03/07/2011 - 10:49 | 1025953 cowdiddly
cowdiddly's picture

+ 106 Amazin what a rumor can do to the sheep when your short oil. I want to see footage of the gold bars being loaded.

Mon, 03/07/2011 - 11:03 | 1026011 Turd Ferguson
Turd Ferguson's picture

I'm kind of surprised that no one here seemed to notice that this rumor was floated at the exact moment when the USDX was testing critical support at 76.17.

Mon, 03/07/2011 - 11:05 | 1026017 President Palin
President Palin's picture

That is not a coincidence.  Propaganda at its best!

Mon, 03/07/2011 - 11:10 | 1026031 Cognitive Dissonance
Cognitive Dissonance's picture

To busy watching the GW thread fireworks Turd. GW lit a barnfire for the maniac troll moths to fly towards and the blood is running pretty thick, not to mention plenty of singed wings.

Don't look at the light!

Poof. There goes another one. :>)

Mon, 03/07/2011 - 11:39 | 1026116 Bob
Bob's picture

Crazy.  I stayed away from it because I knew to expect another round of patriotic dismembership of "liberalism."  What a bunch of fucking nuts. 

Looks like non-partisan decency is winning the day there, however.

Mon, 03/07/2011 - 12:04 | 1026199 Cognitive Dissonance
Cognitive Dissonance's picture

It's the same half dozen posters rotating in and out of various ID's with others just attracted to the nosie and the blood. When one ID is worn out, they switch into another one.

Psyops mixed with insanity mixed with nationalism mixed with denial. Same ole same old.

Mon, 03/07/2011 - 11:56 | 1026171 High Plains Drifter
High Plains Drifter's picture

The false patriotism followers crying foul whenever they read something they don't want to read and then they complain to Tyler and ask him to quit allowing GW the right to post around here, etc.  It is this false pardigm of false patriotism , gone bad.  Whenever one talks about the subject of torture it brings them out in force because they don't want to talk about it nor do they want to examine it in any detail because they also probably are soldier worshipers, and if one has a problem with this thing we are doing, called torture, then they also , would have a problem with my friends and/or my sons who are fighting for my rights to freedom and liberty, never mind the fact that these wars are fought based upon lies and that these men and women are doing things that are wrong. Therein lies the problem and in this discussion it causes hate and discontent among those who are infected with this thing called false patriotism. It makes their ears itch and makes them feel unconfortable having to face something like this because if the whole war is a lie and it is, and if our soldiers are doing things that are wrong , and they are, then it is better to attack the writer who ask these salient questions than to face reality, a reality that is as ugly as real truth is, a reality that can and does cause pain.

Mon, 03/07/2011 - 11:59 | 1026190 Cognitive Dissonance
Cognitive Dissonance's picture

The first and last person we hide from is ourself.

Mon, 03/07/2011 - 11:35 | 1026110 TradingJoe
TradingJoe's picture

Oh Turd! Greed seems to have many "side effects"! One of them is total blindness! 

Mon, 03/07/2011 - 12:08 | 1026221 Cognitive Dissonance
Cognitive Dissonance's picture

Sometimes it pays well to be blind. Until it doesn't.

Mon, 03/07/2011 - 10:35 | 1025888 Racer
Racer's picture

Isn't that kind of him to time it for the US open!

Mon, 03/07/2011 - 10:47 | 1025890 Quintus
Quintus's picture

Very convenient Indeed.

Wasn't he 'Rumoured' to have been shot last week?   How about next week "Gadaffi rumoured to have been abducted by aliens - Oil plummets"?

How about this as an alternative headline:  'Administration rumoured to be desperate to control runaway oil prices - rumours about Gadaffi to continue until credibility of rumours (and Administration) approaches zero.

Mon, 03/07/2011 - 10:51 | 1025972 Rusty Shorts
Rusty Shorts's picture

Maybe we should start our own rumors and place our bets accordingly, eh.

Mon, 03/07/2011 - 11:52 | 1026162 cowdiddly
cowdiddly's picture

I find it amusing that people now refer to investing as placing a bet. LOL Let me contact my Bookie errrr..... Broker.

Mon, 03/07/2011 - 10:35 | 1025895 squexx
squexx's picture

Must have had time to get his $$$$ stash out of Libya!

Mon, 03/07/2011 - 10:38 | 1025903 the not so migh...
the not so mighty maximiza's picture

Him leaving won't fix any problems.

Mon, 03/07/2011 - 11:10 | 1026035 tmosley
tmosley's picture

But it does kick the can down the road--for a little while.  

Think "Egypt", but with less time given to the "new" bosses.

Mon, 03/07/2011 - 11:21 | 1026065 Oh regional Indian
Oh regional Indian's picture

Absolutely. The drama has a ways to play out and notice, none of the places in trouble has any kind of clear succession plan, lots and lots of "princes" in waiting and general sectarian tension.

Lots of in-flammables yet.


OT, Inflammable reminded of something I saw on the back of an oil tanker today. India mangles english in strange, funny and often trippy ways.

For the Required "Highly Inflammable" the truck had painted on it:

"Highway In Flamabley"

Fitting, I thought.

Mon, 03/07/2011 - 22:15 | 1028308 StychoKiller
StychoKiller's picture

Then you will find highly amusing as well!

Apparently, in Japan, they use English for decoration(s), no matter what it sez!

Mon, 03/07/2011 - 10:37 | 1025904 campag
campag's picture

fooling some of the people some of the time?

Mon, 03/07/2011 - 10:37 | 1025905 John McCloy
John McCloy's picture

Maybe a QE3 rumor by days end as well.

Mon, 03/07/2011 - 10:40 | 1025915 Spastica Rex
Spastica Rex's picture

I already heard that someone high up said that QE3 is a go.

How's that?

Mon, 03/07/2011 - 10:41 | 1025927 Cognitive Dissonance
Cognitive Dissonance's picture

Do you have a PhD in fuck you finance? If not, you have no credibility.

But thanks for the effort. :>)

Mon, 03/07/2011 - 10:47 | 1025947 Sudden Debt
Sudden Debt's picture

anybody with a clue will agree there is a QE3 comming.

Unless they change the name...


Mon, 03/07/2011 - 11:00 | 1025997 Cognitive Dissonance
Cognitive Dissonance's picture

It's not official until a clueless PhD confirms it isn't gonna happen. Then of course everyone knows it will happen.

Alice in Wonderland would be so proud.

Mon, 03/07/2011 - 12:31 | 1026302 DaveyJones
DaveyJones's picture

"It would be so nice if something made sense for a change." - Alice

Mon, 03/07/2011 - 12:41 | 1026360 High Plains Drifter
High Plains Drifter's picture

Steve Lies Man  was talking with the chief bottle washer for the Chi town FED and they were talking about the end of QE 2 so,  it will end because they said so.........ah...right????

Mon, 03/07/2011 - 10:39 | 1025908 UninterestedObserver
UninterestedObserver's picture

Yeah I guarantee this rumour is 100% bullshit - a few hours ago he is bombing ports but when the market opens here he is giving up LOL sure

Mon, 03/07/2011 - 10:41 | 1025921 slow_roast
slow_roast's picture

+1000 - just added GLD options for the day.  easy money.

Mon, 03/07/2011 - 10:48 | 1025951 Sudden Debt
Sudden Debt's picture

watch out for the D wave at the end of june.

1520$ is the top I think.


Mon, 03/07/2011 - 10:43 | 1025931 malikai
malikai's picture

Hmm.. So like US talks about using the SPR, Fed talks about raising rates, and talking heads talk about Ghadaffi leaving(again). Byebye retail kids. Thanks for playing.

Mon, 03/07/2011 - 10:42 | 1025932 malikai
malikai's picture


Prior dupe


Mon, 03/07/2011 - 10:43 | 1025935 SheepDog-One
SheepDog-One's picture

Standard market open rumor, doesnt get any more shameless than this!

Mon, 03/07/2011 - 10:49 | 1025959 SheepDog-One
SheepDog-One's picture

On US market open, Ghadaffi saw oil was up and decided 'no mas, I gives up'...yea sure!

Mon, 03/07/2011 - 11:23 | 1026034 MsCreant
MsCreant's picture

Ghadaffi is shorting oil. He started the rumor. Later he will go long and bomb the fuck out of the place. With that beard he will truely and finally be Libya Majora!

Mon, 03/07/2011 - 11:56 | 1026177 serotonindumptruck
serotonindumptruck's picture

"Later he will go long and bomb the fuck out of the place."

Yes, this outcome seems likely. I would wager 1 silver eagle that there's a targeted air strike against Ghadaffi's command bunker in the next couple of weeks.

Mon, 03/07/2011 - 10:39 | 1025909 campag
campag's picture

will this give the Saudi protesters heart

Mon, 03/07/2011 - 10:45 | 1025938 slow_roast
slow_roast's picture

That's my thinking as well.  The fucking Saudis almost certainly want Gaddafi to stay to give some credence to despotism right?  Obama probably asked the Saudis to send weapons to Gaddafi. 

Mon, 03/07/2011 - 10:39 | 1025910 Tulli
Tulli's picture

Just BTFD in oil.


Mon, 03/07/2011 - 10:40 | 1025916 Cookie
Cookie's picture

ZH....I cannot live without you

Mon, 03/07/2011 - 10:41 | 1025920 overmedicatedun...
overmedicatedundersexed's picture

'being a dictator is just not the fun it used to be..the insects oops people are in revolt..the press is against me..I will retire to a life of meditation and austerity in Monaco"..M Gaddafi 2011.

Mon, 03/07/2011 - 22:20 | 1028313 StychoKiller
StychoKiller's picture

I'm frustrated, inhibited, and no one understands me! LOL!

What do you give the Dictator that's taken everything? :>D


Mon, 03/07/2011 - 10:40 | 1025923 alien-IQ
alien-IQ's picture

no doubt the market will rally on this news....until it is proven to be a false rumor during which point there will be no retracement whatsoever and the market will rally further on tomorrows false rumor...scheduled to be released at 9:15 AM EST.

Mon, 03/07/2011 - 10:45 | 1025943 John Law Lives
John Law Lives's picture

You uncovered the secret formula.  Pump futures.  Release rumors.  HFT bots must not allow retracement. Repeat.  Declare victory.

Mon, 03/07/2011 - 10:41 | 1025925 Hondo
Hondo's picture

Oil still up over a buck.....the market hasn't even reacted to the near 20% rise in oil since the Mideast events unfolded.....Pure market manipulation.....drawing in the suckers.......there are no free capital markets....draw bayonets!

Mon, 03/07/2011 - 10:43 | 1025937 UninterestedObserver
UninterestedObserver's picture

LOL rumour forgotton upward march in oil resumes - was enough to goose the fraud called the stock market though

Mon, 03/07/2011 - 10:48 | 1025955 John Law Lives
John Law Lives's picture

Amazing how that works.  We get a sustained surge in oil prices and commodity prices (which will hamper consumer discretionary spending) and the "market" ignores it.  The buying programs must be set to ignore anything bad.

Mon, 03/07/2011 - 10:44 | 1025936 Sudden Debt
Sudden Debt's picture

If anybody wonders how long it takes to wire 70 billion outside a country, this post is the answer. About 2 weeks.


Mon, 03/07/2011 - 12:02 | 1026197 serotonindumptruck
serotonindumptruck's picture

To the Bank of Zimbabwe?

Mon, 03/07/2011 - 10:46 | 1025940 Psquared
Psquared's picture

If its true the timing is interesting. It appears it takes about 2 weeks for a dictator to secure his safety and finances before retiring. Mubarak never made it out of the country. If Qaddafi does where will he go? S. America where all good dictators and fascist psychos go to hide?

Mon, 03/07/2011 - 10:54 | 1025945 Mercury
Mercury's picture

New rumor:

The ghosts of Christmas Past--->Christmas Yet To Be (inclusive) have worked their magic overnight and Gaddafi is a changed man.

Earlier today the beleaguered Libyan ruler was heard to say  (Google translation): How much for that big turkey in the window boy?

Mon, 03/07/2011 - 10:47 | 1025950 msohn
msohn's picture

The Colonel making plans to leave - is that such a big surprise? Any morsel of sanity left in him probabaly says better to leave than to be found hiding in a spider hole and later decapitated during a hanging.

Mon, 03/07/2011 - 10:50 | 1025963 RobotTrader
RobotTrader's picture

Starbucks is leading the tape today, already up over 4%.

Retail stocks are going wild.

If the NYA breaks out over the prior highs, the bears are in huge trouble.

Mon, 03/07/2011 - 10:52 | 1025974 UninterestedObserver
UninterestedObserver's picture

Wow Starbucks - who gives a shit

Mon, 03/07/2011 - 11:25 | 1026078 nonclaim
nonclaim's picture

Isn't it a beauty that the recent moving average is a nearly straight line? We live in a wonderful, carefully managed world.

Mon, 03/07/2011 - 12:32 | 1026309 DaveyJones
DaveyJones's picture

and then there's their price increases. A splendid sign of good things to come

Mon, 03/07/2011 - 11:17 | 1025980 SheepDog-One
SheepDog-One's picture

'Retail stocks going WILD' are barely green, you big dummy.

Mon, 03/07/2011 - 10:57 | 1025985 John Law Lives
John Law Lives's picture

Can RobotTrader be reprogrammed to be a RobotValueAddCommentator?

Mon, 03/07/2011 - 10:58 | 1025991 John Law Lives
John Law Lives's picture

Can RobotTrader be reprogrammed to be a RobotValueAddCommentator?

Mon, 03/07/2011 - 10:59 | 1025996 the not so migh...
the not so mighty maximiza's picture

Was Gaddafi seen with a frappichino?

Mon, 03/07/2011 - 11:07 | 1026018 Turd Ferguson
Turd Ferguson's picture

SBUX is the ultimate disconnect between fed-pumping-stocks and reality. Fucking coffee is up over 50% since October...squeezing SBUX margins to no end...yet the stock is soaring.

Mon, 03/07/2011 - 11:17 | 1026047 Cognitive Dissonance
Cognitive Dissonance's picture


Because coffee is so expensive, everyone is talking about coffee......which leads to talking about SBUX........which leads to hankering for a SBUX latte......which leads to more sales.

Whatever excuse you want can be quickly manufactured.

Mon, 03/07/2011 - 11:44 | 1026087 Oh regional Indian
Oh regional Indian's picture

Nice riff...


Mon, 03/07/2011 - 12:40 | 1026333 DaveyJones
DaveyJones's picture

does the chain work on decaf?

It's like...reading tea leaves for the BSE SENSEX

Mon, 03/07/2011 - 11:15 | 1026042 alien-IQ
alien-IQ's picture

yes...nothing screams "economic recovery" like a $4 espresso.

we are safe now.

Mon, 03/07/2011 - 12:41 | 1026361 lieutenantjohnchard
lieutenantjohnchard's picture

everybody be nice to the catfish mouth. every girl needs her latte (is that how you spell it?) after a rigorous yoga workout as the catfish mouth robo uber bull bear wannbe has told us is his preferred diversion.

joking asides, though, the life of a retired, city gentleman like the catfish mouth can be thrown into disarray if the price of a latte rises. a man has to focus on his priorities.

cc: jim sinclair, eric king, max keiser and all silver and gold bulls who faded wrong way catfish mouth's "expert" predictions.

Mon, 03/07/2011 - 10:50 | 1025966 Snidley Whipsnae
Snidley Whipsnae's picture

Gadaffi has been arrested and will go on trial in Judge Judy's court sans defense attorney... video at 11 on Fascist News Network.

Mon, 03/07/2011 - 11:17 | 1026046 alien-IQ
alien-IQ's picture

he is currently in negotiations to join dancing with the stars shortly after his acquittal.

Mon, 03/07/2011 - 12:09 | 1026222 serotonindumptruck
serotonindumptruck's picture

Will he be performing the Thorazine Shuffle?

Mon, 03/07/2011 - 10:51 | 1025968 UninterestedObserver
UninterestedObserver's picture

LOL newsflash if he leaves like he isn't going to blow the crap out of the oil infrastructure in the country on the way out - news of him leaving should spike oil IMO

Mon, 03/07/2011 - 10:53 | 1025973 LostWages
LostWages's picture

The Q or G man is just taking a short trip to consult with Charlie to learn more about ..."Duh, Winning".

Mon, 03/07/2011 - 10:52 | 1025975 SheepDog-One
SheepDog-One's picture

They better moderate the use of these BS market open rumors, soon people will tune them out and assume the opposite. This is BS!

Mon, 03/07/2011 - 10:54 | 1025981 UninterestedObserver
UninterestedObserver's picture

The propaganda machine is panicking, they figured that the margin hike and chatter about releasing strategic reserves would knock the price down.

Mon, 03/07/2011 - 11:21 | 1026061 SheepDog-One
SheepDog-One's picture

Whenever the roll out the 'tap the strategic reserve' rumor, its always right before real bad times. 2 month 'supply' of oil, then its gone, then what?

Mon, 03/07/2011 - 15:51 | 1027156 malikai
malikai's picture

Dear Amerika,

Thank you for making oil cheaper for us on your monday with rumors and market manipulation. We will be sure to bid the price back up for you tonight.



Mon, 03/07/2011 - 10:55 | 1025983 Snidley Whipsnae
Snidley Whipsnae's picture

Jesse Livermore and friends made a very handsome living for a very long time ... using mostly rumors placed with newpaper reporters ... Why should the Fed change a winning formula?

Mon, 03/07/2011 - 10:53 | 1025978 What_Me_Worry
What_Me_Worry's picture



Hello Distinguished Sir or Madam,

I hope this email reaches you in time.  I would like to offer you a business proposition.  I am the owner of $60B in Swiss and US bank account and would gladly offer you a fee of $1B if you will release a press statement that I am about to surrender to the rebel Transitional National Council. 

However, to get the banks to release the money, I need you to forward me the transfer fees in the amount of $1MM so that the banks will transfer the money to you.  Please forward this payment into my new untraceable swiss account so that I may send you the $1B payment.

Mon, 03/07/2011 - 10:54 | 1025982 UninterestedObserver
UninterestedObserver's picture

LMFAO - +1 billion

Mon, 03/07/2011 - 11:07 | 1026023 Rusty Shorts
Rusty Shorts's picture


Mon, 03/07/2011 - 10:55 | 1025984 SpeakerFTD
SpeakerFTD's picture

It was quite nice of Col. Qaddafi to leak this information to the world half an hour before the U.S stock markets opened.   He is such a considerate fella!

Mon, 03/07/2011 - 11:02 | 1026003 John Law Lives
John Law Lives's picture

The markets absorb the surge in oil prices... and the markets surge on any pullback on highly inflated oil prices.  What an efficient system the banksters have rigged...

Mon, 03/07/2011 - 11:00 | 1026001 Silverhog
Silverhog's picture

But but.. I thought he wanted to be a martyr? I guess 2 weeks without a Jacuzzi can do that to you.

Mon, 03/07/2011 - 22:32 | 1028340 StychoKiller
StychoKiller's picture

Meh, what's a bubble bath without your favorite Ukranian "Nurse" by your side?

Mon, 03/07/2011 - 11:03 | 1026005 Bansters-in-my-...
Bansters-in-my- feces's picture

I see Gold and silver both scared the hell out of the cartel ,so when New York markets opened they kicked them both in the teeth...

And they still are (pm's) are still kicking A$$.

Fuck you JPMorgue

Mon, 03/07/2011 - 11:02 | 1026006 dwdollar
dwdollar's picture

Right after he won his first battle?  Yeah right... 

Mon, 03/07/2011 - 11:03 | 1026008 Snidley Whipsnae
Snidley Whipsnae's picture

I guess no one told gadaffi that he was leaving... From Bloomberg this am...


Qaddafi Escalates War Against Rebels as Libya Fight Deepens (3)


March 7 (Bloomberg) -- Libyan troops loyal to Muammar Qaddafi used artillery and helicopter gunships to block the rebels’ advance west from the oil hub of Ras Lanuf toward the leader’s hometown of Sirte."

Mon, 03/07/2011 - 11:29 | 1026093 SheepDog-One
SheepDog-One's picture

Yep, world thinks Gadaffi is surrendering, Gadaffi seems to be unaware of it while his forces continue to kick rebel ass. The news of Gadaffis demise was somewhat over exagerated.

Mon, 03/07/2011 - 11:03 | 1026012 ziggy59
ziggy59's picture

i dont see evidence here of him leaving

Mon, 03/07/2011 - 11:09 | 1026014 bankonzhongguo
bankonzhongguo's picture

They want Q-daffy there so they can justify cutting the country in 2.  Of course you have to bomb the oil infrastructure first so you can make loans to replace everything first.  Things won't be serious until planes start falling from the sky.

Maybe they will call in Mr. CFR Jr. - George Clooney, to help negotiation the division of Libya like that of Sudan between the Arab north and the African/Christian-undeveloped oil south.

I am surprised the rumors of the Iranian army cut-off in South Libya haven't made the news.  Team Obomba could have seized the day and put Libya into the Axis of Evil, but alas without a green light from his Chicago handlers all Obama can do is have another drink.  Considering how our Egyptian junta is losing control to the emerging MB, there is little chance G-daffy is going anywhere soon.  With 3 brigades - call it 15,000 troops plus all the khat chewing African mercs you can hire for free rapes and pillages only a close range double tap head-shot with a small caliber pistol is going to end Q-daffy's rule.  And then who will be in control?  His sons?  Some tribes? MI6?

Where a 'third stage' Guild Navigator to tell you what to do?

The Spice must flow.

Mon, 03/07/2011 - 11:09 | 1026024 UninterestedObserver
UninterestedObserver's picture

Exactly when Al Jazeera prints it I will count it as a possibility until then it is pure BS

Mon, 03/07/2011 - 11:09 | 1026025 UninterestedObserver
UninterestedObserver's picture

Exactly when Al Jazeera prints it I will count it as a possibility until then it is pure BS

Mon, 03/07/2011 - 11:10 | 1026027 Snidley Whipsnae
Snidley Whipsnae's picture

Oil, Gold/Silver moving up smartly once again... guess the 'gadaffi put' wore off quickly?

Mon, 03/07/2011 - 11:09 | 1026030 UninterestedObserver
UninterestedObserver's picture

In the meantime Cotton at 220 who was the genius that shorted it?

Mon, 03/07/2011 - 11:20 | 1026054 PicassoInActions
PicassoInActions's picture

Here are the headlines from google from 5 min ago

i guess he really plans to leave...



Rebels losing ground to Muammar Gaddafi's forces



Mon, 03/07/2011 - 11:25 | 1026074 SheepDog-One
SheepDog-One's picture

Yep, sure looks like Ghadaffi is leaving for sure!  :D

Mon, 03/07/2011 - 11:18 | 1026055 Pemaquid
Pemaquid's picture

Ghadaffi - the devil you know.  His replacement?  Unknown.  This is why oil will not fall. (unless there is market manipulation, and we know that doesn't happen)

Mon, 03/07/2011 - 11:21 | 1026059 gunsmoke011
gunsmoke011's picture

Wonder how much it cost our State Department to get this rumor started

Mon, 03/07/2011 - 11:24 | 1026071 UninterestedObserver
UninterestedObserver's picture

Probably less than the cost to juice the market 60 points this AM

Mon, 03/07/2011 - 11:23 | 1026067 Pizza spaghetti...
Pizza spaghetti and mandolino's picture

Let Europe deal with Libya, Italy tells US

Italian Interior Minister Roberto Maroni has called on the United States to restrain itself over Libya and leave Europe to deal with the crisis, which he said risked seeing a rise in extremism, Italian media reported on Sunday.

“We have to make sure Libya does not become the new Afghanistan, but the Americans would do well to calm down,” Roberto Maroni said on Saturday at a meeting of the anti-immigration Northern League party, of which he is a member. “We are here, Europe is here, and it’s best that we take care of things.”

Maroni denied being alarmist and said it was necessary to avoid a mass flight of refugees from Libya and surrounding countries towards Europe.

“The collapse of these countries could give birth to regimes supported by Islamic fundamentalism, with the risk of infiltration by Al Qaeda,” he said.

While US President Barack Obama has argued his country must not become a player in the Libyan revolt, to avoid backlash in a region that reviles the US invasion of Iraq and is marked by colonialism, he has not ruled out military action.

Northern League chief Umberto Bossi said military action on the part of the West would aggravate the problem of refugees fleeing the region for Italy.

“There should be no bombardments, otherwise they’ll just come here,” he said.

Mon, 03/07/2011 - 11:58 | 1026182 gwar5
gwar5's picture

Smart. Europe found ouut that Obama is pro-muslim brotherhood and don't want him propping them up in Libya. 

Mon, 03/07/2011 - 22:35 | 1028344 StychoKiller
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Europe?? Dealing with a crisis??  Bwahahaha!!

Mon, 03/07/2011 - 11:26 | 1026073 THE DORK OF CORK
THE DORK OF CORK's picture

Auntie Beeb once were good at the bullshit game.... now not so much - they blew it all away after the purge in newsnight during that weapons of mass destruction thingy.

Mon, 03/07/2011 - 11:30 | 1026094 curbyourrisk
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Was this rumor also sstarted by the folks at CNBS????

Mon, 03/07/2011 - 11:51 | 1026153 Crassus
Crassus's picture

He will likely leave in front of a heavily reinforced rifle company of U.S. Marines, if at all. This is still spring training. The war season hasn't started yet. The Arab goal is to finally erase the Sykes - Picot administration districts commonly called by their country names. Trouble for London, Basel, Wall Street and its leisure service, the U.S. Government.

Mon, 03/07/2011 - 22:36 | 1028349 StychoKiller
StychoKiller's picture

It's just those two Yanks, Hope & Crosby causing all this mayhem "On the Road to Morocco!"

Mon, 03/07/2011 - 12:12 | 1026226 Antidisestablis...
Antidisestablishmentarianismist's picture

Qaddafi is done in military terms.  It is just over 1,000 miles from Tripoli to the Egyptian border following the coast road.  Do any of you realize what is involved in merely moving a sustainable, effective fighting force such a distance, never mind doing so while also engaging in combat and trying to defend an enormously long and vulnerable supply line?  A fighting force that is mostly mercenary and will run at the first sign of real resistance?  Finally add another wild-card, the rebels getting arms and aid from foreign nations, and steadily improving the cohesion and fighting power of their units. 

Qaddafi must find a nation that will have him and figure out some way to preserve as much of his ill-gotten wealth as possible from sequestration.  A few billion dollars go a long way in Zimbabwe.   


Mon, 03/07/2011 - 22:39 | 1028354 StychoKiller
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From my understanding, you can fit a crapton of investment-grade diamonds into one normal-sized briefcase...

Mon, 03/07/2011 - 12:25 | 1026280 johngerard
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"From the BBC"? you are kidding, aren't you? "BBC NEWS 24" or rather it should be known as "BBC Rumour, Conjecture, Hearsay and Bullshit 24".  I'm old enough to remember when the BBC reported verifiable facts as news, not the bollocks they present as news nowadays.  it's not news - it's a lifestyle option. The events in the middle east the last couple of months are a superb example of this. They're as bad as CNBC and Bloomberg in this respect.

Mon, 03/07/2011 - 12:51 | 1026413 locinvestor
locinvestor's picture

The BBC used to actually be respectable. Now, it's gone totally corporate.

Their business coverage really is as bad as CNBC and all the rest of it.

Mon, 03/07/2011 - 13:05 | 1026479 THE DORK OF CORK
THE DORK OF CORK's picture

They had a half decent consumerist business show on BBC2 at midday and then during the beginnings of the great crash they banished their core presenters to early morning radio home service land replacing them with the most absurd blue peter type presenters , no that is doing blue peter a disservice - they were more teletubby like in their analysis.

Mon, 03/07/2011 - 20:32 | 1028003 lsjcma
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