• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

Exclusive Smoking Gun: The Fed On Gold Manipulation

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Mon, 09/28/2009 - 09:16 | 81313 monmick
monmick's picture

Good work Tyler et al....

Mon, 09/28/2009 - 15:02 | 81658 Anonymous
Anonymous's picture

Alexander the Great, tutored by Aristotle, perhaps the richest and most powerful man in the world before the
age of 33, was interred in a gold sarcophagus and solid
gold casket filled with honey and transported by
a solid gold chariot to a solid gold mausoleum in
Memphis. It did not take long for various Ptolemy successors to steal the gold and move the body to Alexandria to put it on display under glass, with gold thefts every time it was moved or displayed.

Practically every war included the surreptitious
movement of gold from the vanquished to the conquerors,
providing stories of Chinese, Indian, Mesopotamian, Egyptian, Israel, Knights Templar, Arabic, Spanish, French, Revolutionary, Civil War, Philippines, Nazi, Korean, Vietnamese and Iraqi gold hoards accompanying inflation.

Since gold is ultimate money and power, is it any
surprise Mercantilist Bankers and Treasurers tried for
many thousands of years to get or control it?

China, the leading surplus nation, gold producer and fastest growing exporter, is only the latest in the
past 5000 yearsm bringing the cycle to conclusion.

Like the Chinese Olympics economic crash last Fall, the controlled Chinese economy may not survive the 6 October 60th Commemoration of Mao Communists coming to Power in 1949.

We currently think the biggest golden rain surprise of
all to johnny come lately gold bugs may be that gold goes down in deflations while scarce dollars go up.

Only if/when we see crisp new large bills in circulation with soaring interest rates might this change. Has anyone wondered why the Gold Eagle OZ has a $50 denomination and the official price of gold is still 42.22?

Would it be interesting and perhaps unexpected to see such severe deflation from the collapse of the debt empire that gold head south toward the Gold Eagle or Official Perice.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493

Mon, 09/28/2009 - 16:10 | 81728 Anonymous
Anonymous's picture

"We currently think the biggest golden rain surprise of
all to johnny come lately gold bugs may be that gold goes down in deflations while scarce dollars go up.

Only if/when we see crisp new large bills in circulation with soaring interest rates might this change. Has anyone wondered why the Gold Eagle OZ has a $50 denomination and the official price of gold is still 42.22?

Would it be interesting and perhaps unexpected to see such severe deflation from the collapse of the debt empire that gold head south toward the Gold Eagle or Official Perice."

Ridiculous. Severe deflation will be met with severe inflation. Gold at $50? Smoke another one.

Tue, 09/29/2009 - 09:55 | 82296 Anonymous
Anonymous's picture

The public has lost confidence in the banking elite and political class to defend their rights or to preserve their purchasing power.

They view fiat currency as an instrument whereby their labour is extracted from them. They endure this inflation and its drips'n'drabs while an economy expands and so long as it is a miniscule "tax". But when TPTB have repeatedly shown no respect for an individuals right to preserve his estate from swift, arbitrary, and large expropriations via fiscal and monetary policy, they refuse to hold that which erodes their wallet and lifestyle.

The fragility and instability of the financial system has led to leadership showing open contempt for its citizens. We are tolerated to the extent that we submit to their caprice, and to the extent that we quietly endure their predations. The dollar, the sovereign bonds, the equity markets all have broken the boundaries which should define their natures. They have been appropriated to further the ends of the state, and none demonstrate adherence to the underlying laws which SHOULD govern them. They have become a law unto themselves; and playthings of self-appointed wizards.

The capital markets have been prostituted to the whims of power and cannot be relied upon to fundamentally reflect the rational expectations of economic behaviour. The bond markets which should fail, or have interest offerings find their equilibrium through free exchange, do not. They have too become playthings. And the currency, most of all, cannot be held with any confidence. Men realize that moment to moment, the paper scrip can be universally devalued. It cannot be held overnight anymore than the superspeculative stock traders dare.

GOLD however is independent and (except at the margins) is beyond the reach of the idle predator class.

It will allow one to manage one's estate without the constant fear of state intervention and probable state seizure of the stored dead works of past years.

Mon, 09/28/2009 - 18:50 | 81871 Anonymous
Anonymous's picture

Money and Inflation 1930's

To provide an estimate of inflation we have given a guide to the value of $100 US Dollars for the first year in the decade to the equivalent in todays money

If you have $100 Converted from 1930 to 2005 it would be equivalent to $1204.42 today

In 1930 average new house cost $7,145.00 and by 1939 was $3,800.00
In 1930 the average income per year was $1,970.00 and by 1939 was $1,730.00
In 1930 a gallon of gas was 10 cents and by 1939 was 10 cents
In 1930 the average cost of new car was $640.00 and by 1939 was $700.00
A few more prices from the 30's and how much things cost
Firestone Tyre 1932 from $3.69
Single Vision Glasses 1938 $3.85
Complete Modern 10 piece bedroom Suite $79.85
Steak 1938 1LB 20 cents
New Emerson Bedroom Radio 1938 $9.95
Shaefer Pens 1933 from $3.35
Plymouth Roadking Car 1938 $685
Emmerson 5 tube bedroom radio $9.95
Howard Deluxe Quality silk lined hat $2.85

Chevrolet 1935 Master Deluxe
New Master De luxe Chevrolet with improved master blue flame engine, pressure steam oiling , cable brakes and shock proof steering $560

Example of a house for sale
1934 Stucco Bungalow Oakland
California 5 room stucco bungalow , breakfast room , separate garage, delightful location $3,750

Mens Shirt $2.50 Ohio 1932
Ladies Wool Flannel Robes $3.95 Nebraska 1934
Ladies Winter Coats $16.00 Indiana 1937
Mens Quality Overcoats $15.00 Indiana 1937
Ladies Oxfords Shoes $2.44 Indiana 1937
Mens Slacks $3.98 Indiana 1937
Womens silk hose 49 cents Ohio 1933
Boys overcoat wool 8.69-11.98/each From $ New Jersey
Boys pants and breeches, corderoy From $1.98 New Jersey
Boys school suit, From $7.94 New Jersey
Girls hose (tights), woolen, From $25 cents per pair New Jersey
Men s shirt, Arrow, From $1.45 New Jersey
Men s sport coat, /each From $19.98 New Jersey
Women s dress shoes, From $3.45 New Jersey
Women s suit, 2 pieces, From $6.98 New Jersey
Mens Sox 10 cents ohio 1933
Ladies Sandals 98 cents Maryland 1939
Boys and Girls Underwear 49 cents Maryland 1935
Mens 2 Piece Suit Double breasted $19.75 New York 1935
Howard Deluxe Quality silk lined hat $2.85 New York 1935
Sheeplined Moccasins 79 cents Ohio 1935
Fancy Broadcloth Pajamas $1.89 Indiana 1937
Mens Lined Gloves 98 cents ohio 1935

How much electrical goods and appliances cost in the 30's

Electric Toaster $9.95 New York 1932
Electrolux gas Refrigerator $144.50 North Carolina 1939
Westinghouse Cleaner with attachment kit $39.95 North Carolina 1939
Westinghouse Wringer washing machine $59.95 North Carolina 1939
Tappan Gas Range $69.95 North Carolina 1939
Emmerson 5 tube bedroom radio $9.95 Ohio 1938
Philco Auto Radio $24.95 Ohio 1938
Electric Flat Iron $1.49 North Carolina 1935
Electric Movie Projector $3.95 North Carolina 1935
Kelvinator Washer Wringer Price $54.95
Tappan Gas Range With glass door which allows you to see your cooking , split oven and flexo speed baking $109.75

New GE Thrifty Six
Fridge Six Cubic Feet all steel cabinet stainless steel super freezer $149.75

Philco Radio
With built in Ariel Tuning system with ultra high fidelity and able to pick up stations from countries around the world and Police, Air, and shipping $188.00

How much food and groceries cost in the 30's

Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932
Sliced Baked Ham 39 cents per pound Ohio 1932
Dozen Eggs 18 Cents Ohio 1932
Coconut Macaroons 27 cents per pound Ohio 1932
Bananas 19 cents for 4 Pounds Ohio 1932
Peanut Butter 23 cents QT Ohio 1932
Bran Flakes 10 cents Maryland 1939
Jumbo Sliced Loaf of Bread 5 cents Maryland 1939
Spinach 5 cents a pound Maryland 1939
Clifton Toilet Tissue 9 cents for 2 rolls Ohio 1932
Camay Soap 6 cents bar Ohio 1932
Cod Liver Oil 44 cents pint Wisconsin 1933
Tooth paste 27 cents Wisconsin 1933
Lux Laundry Soap 22 cents Indiana 1935
Suntan Oil 25 cents Pennsylvania 1938
Talcum Powder 13 cents Maryland 1939
Noxzema Medicated Cream for Pimples 49 cents Texas 1935
Applesauce 20 cents for 3 cans New Jersey
Bacon, 38 cents per pound New Jersey
Bread, white, 8 cents per loaf New Jersey
Ham, 27 cents can New Jersey
Ketchup, 9 cents New Jersey
Lettuce, iceberg, 7 cents head New Jersey
Potatoes, 18 cents for 10 pounds New Jersey
Sugar, 49 cents for 10 pounds New Jersey
Soap, Lifebuoy, 17 cents for 3 bars New Jersey
Sugar $1.25 per 25LB Sack Ohio 1932
Pork and Beans 5 cents can Ohio 1932
Oranges 14 for 25 cents Ohio 1932
Chuck Roast 15 cents per pound Ohio 1932
White Potatoes 19 cents for 10LBs Ohio 1932
Heinz Beans 13 cents for 25oz can Ohio 1932
Spring Chickens 20 cents per pound Ohio 1932
Wieners 8 cents per pound Ohio 1932
Best Steak 22 cents per pound Ohio 1935
Pure lard 15 cents per pound Wisconsin 1935
Hot Cross Buns 16 Cents per dozen Texas 1939
Campbells Tomato Soup 4 cans for 25 cents Indiana 1937
Oranges 2 dozen 25 cents Indiana 1937
Kellogs Corn Flakes 3 Pkgs 25 cents Indiana 1937
Mixed Nuts 19 Cents per pound Indiana 1937
Pork Loin Roast 15 cents per pound Indiana 1937
Channel Cat Fish 28 cents per pound Missouri 1938
Fresh Peas 4 cents per pound Maryland 1939
Cabbage 3 cents per pound Maryland 1939
Sharp Wisconsin Cheese 23 cents per pound Maryland 1939

Mon, 09/28/2009 - 21:29 | 82025 Anonymous
Anonymous's picture

Theft via inflation????

Priceless

Mon, 09/28/2009 - 22:02 | 82053 Mr. Mandelbrot
Mr. Mandelbrot's picture

Wow!  Thanks for posting this! :)

Tue, 09/29/2009 - 01:27 | 82154 Anonymous
Anonymous's picture

Yeah, but a Laptop would have run a couple-three billion back then. Look how cheap they are now.

Tue, 09/29/2009 - 11:15 | 82386 Anonymous
Anonymous's picture

I agree with most of your numbers but back then gold was 25 dollars per ounce. Today it is 40 Times that. Mulitply everything by 50 and you will see why the middle class is being wiped out.

Mon, 09/28/2009 - 18:54 | 81874 Anonymous
Anonymous's picture

Well..... Even if it goes back to what you predict.. let's see what one could purchase with this gold back then...

Money and Inflation 1930's

To provide an estimate of inflation we have given a guide to the value of $100 US Dollars for the first year in the decade to the equivalent in todays money

If you have $100 Converted from 1930 to 2005 it would be equivalent to $1204.42 today

In 1930 average new house cost $7,145.00 and by 1939 was $3,800.00
In 1930 the average income per year was $1,970.00 and by 1939 was $1,730.00
In 1930 a gallon of gas was 10 cents and by 1939 was 10 cents
In 1930 the average cost of new car was $640.00 and by 1939 was $700.00
A few more prices from the 30's and how much things cost
Firestone Tyre 1932 from $3.69
Single Vision Glasses 1938 $3.85
Complete Modern 10 piece bedroom Suite $79.85
Steak 1938 1LB 20 cents
New Emerson Bedroom Radio 1938 $9.95
Shaefer Pens 1933 from $3.35
Plymouth Roadking Car 1938 $685
Emmerson 5 tube bedroom radio $9.95
Howard Deluxe Quality silk lined hat $2.85

Chevrolet 1935 Master Deluxe
New Master De luxe Chevrolet with improved master blue flame engine, pressure steam oiling , cable brakes and shock proof steering $560

Example of a house for sale
1934 Stucco Bungalow Oakland
California 5 room stucco bungalow , breakfast room , separate garage, delightful location $3,750

Mens Shirt $2.50 Ohio 1932
Ladies Wool Flannel Robes $3.95 Nebraska 1934
Ladies Winter Coats $16.00 Indiana 1937
Mens Quality Overcoats $15.00 Indiana 1937
Ladies Oxfords Shoes $2.44 Indiana 1937
Mens Slacks $3.98 Indiana 1937
Womens silk hose 49 cents Ohio 1933
Boys overcoat wool 8.69-11.98/each From $ New Jersey
Boys pants and breeches, corderoy From $1.98 New Jersey
Boys school suit, From $7.94 New Jersey
Girls hose (tights), woolen, From $25 cents per pair New Jersey
Men s shirt, Arrow, From $1.45 New Jersey
Men s sport coat, /each From $19.98 New Jersey
Women s dress shoes, From $3.45 New Jersey
Women s suit, 2 pieces, From $6.98 New Jersey
Mens Sox 10 cents ohio 1933
Ladies Sandals 98 cents Maryland 1939
Boys and Girls Underwear 49 cents Maryland 1935
Mens 2 Piece Suit Double breasted $19.75 New York 1935
Howard Deluxe Quality silk lined hat $2.85 New York 1935
Sheeplined Moccasins 79 cents Ohio 1935
Fancy Broadcloth Pajamas $1.89 Indiana 1937
Mens Lined Gloves 98 cents ohio 1935

How much electrical goods and appliances cost in the 30's

Electric Toaster $9.95 New York 1932
Electrolux gas Refrigerator $144.50 North Carolina 1939
Westinghouse Cleaner with attachment kit $39.95 North Carolina 1939
Westinghouse Wringer washing machine $59.95 North Carolina 1939
Tappan Gas Range $69.95 North Carolina 1939
Emmerson 5 tube bedroom radio $9.95 Ohio 1938
Philco Auto Radio $24.95 Ohio 1938
Electric Flat Iron $1.49 North Carolina 1935
Electric Movie Projector $3.95 North Carolina 1935
Kelvinator Washer Wringer Price $54.95
Tappan Gas Range With glass door which allows you to see your cooking , split oven and flexo speed baking $109.75

New GE Thrifty Six
Fridge Six Cubic Feet all steel cabinet stainless steel super freezer $149.75

Philco Radio
With built in Ariel Tuning system with ultra high fidelity and able to pick up stations from countries around the world and Police, Air, and shipping $188.00

How much food and groceries cost in the 30's

Shoulder of Ohio Spring lamb 17 cents per pound Ohio 1932
Sliced Baked Ham 39 cents per pound Ohio 1932
Dozen Eggs 18 Cents Ohio 1932
Coconut Macaroons 27 cents per pound Ohio 1932
Bananas 19 cents for 4 Pounds Ohio 1932
Peanut Butter 23 cents QT Ohio 1932
Bran Flakes 10 cents Maryland 1939
Jumbo Sliced Loaf of Bread 5 cents Maryland 1939
Spinach 5 cents a pound Maryland 1939
Clifton Toilet Tissue 9 cents for 2 rolls Ohio 1932
Camay Soap 6 cents bar Ohio 1932
Cod Liver Oil 44 cents pint Wisconsin 1933
Tooth paste 27 cents Wisconsin 1933
Lux Laundry Soap 22 cents Indiana 1935
Suntan Oil 25 cents Pennsylvania 1938
Talcum Powder 13 cents Maryland 1939
Noxzema Medicated Cream for Pimples 49 cents Texas 1935
Applesauce 20 cents for 3 cans New Jersey
Bacon, 38 cents per pound New Jersey
Bread, white, 8 cents per loaf New Jersey
Ham, 27 cents can New Jersey
Ketchup, 9 cents New Jersey
Lettuce, iceberg, 7 cents head New Jersey
Potatoes, 18 cents for 10 pounds New Jersey
Sugar, 49 cents for 10 pounds New Jersey
Soap, Lifebuoy, 17 cents for 3 bars New Jersey
Sugar $1.25 per 25LB Sack Ohio 1932
Pork and Beans 5 cents can Ohio 1932
Oranges 14 for 25 cents Ohio 1932
Chuck Roast 15 cents per pound Ohio 1932
White Potatoes 19 cents for 10LBs Ohio 1932
Heinz Beans 13 cents for 25oz can Ohio 1932
Spring Chickens 20 cents per pound Ohio 1932
Wieners 8 cents per pound Ohio 1932
Best Steak 22 cents per pound Ohio 1935
Pure lard 15 cents per pound Wisconsin 1935
Hot Cross Buns 16 Cents per dozen Texas 1939
Campbells Tomato Soup 4 cans for 25 cents Indiana 1937
Oranges 2 dozen 25 cents Indiana 1937
Kellogs Corn Flakes 3 Pkgs 25 cents Indiana 1937
Mixed Nuts 19 Cents per pound Indiana 1937
Pork Loin Roast 15 cents per pound Indiana 1937
Channel Cat Fish 28 cents per pound Missouri 1938
Fresh Peas 4 cents per pound Maryland 1939
Cabbage 3 cents per pound Maryland 1939
Sharp Wisconsin Cheese 23 cents per pound Maryland 1939

Mon, 09/28/2009 - 23:42 | 82131 The Deacon
The Deacon's picture

$1000 as the true, free floating price of gold?  Ha!  Priceless.

Its all in how you frame it.  some might be as bold as to say the price of gold should be higher, but some are keeping it lower to mask the devaluation of the dollar through inflation.

Suppose the above is true re CB's keeping gold at bay (it is)  what would the price of gold be then, priced in Us fiat currency?  hmmmmm.

Mon, 09/28/2009 - 09:18 | 81315 Project Mayhem
Project Mayhem's picture

Fantastic!

Mon, 09/28/2009 - 10:01 | 81340 Project Mayhem
Project Mayhem's picture

 

today seems appropriate to shamelessly plug my magnum opus...

 

Gold and Systemic Crisis!

http://www.zerohedge.com/article/gold-and-systemic-crisis

 

Mon, 09/28/2009 - 16:05 | 81721 Gilgamesh
Gilgamesh's picture

I think someone was out just to prove this implied correlation wrong today.  This was an 'Everything Goes Up' day.  Dollar, equities, bonds, commodities (mostly).  Seems like something is missing though...  oh yes, volume.

 

That'll teach everyone not to go against the market just on a dollar rally?  Let me know when every last bear is shaken out of their hedges; it must be getting close.

Mon, 09/28/2009 - 09:26 | 81323 blackebitda
blackebitda's picture

game on

Mon, 09/28/2009 - 09:40 | 81327 JohnKing
JohnKing's picture

Why didn't Joe Hagan break this story?

Mon, 09/28/2009 - 10:19 | 81387 MsCreant
MsCreant's picture

Cause he gives anon blowjobs (known as Joe Blow) in Goldman Sacks urinals and calls it journalism?

joe_hagan@hotmail.com

Mon, 09/28/2009 - 09:30 | 81329 FLETCH
FLETCH's picture

STUNNING.... But not surprising

Mon, 09/28/2009 - 09:34 | 81333 Cheddar Bob
Cheddar Bob's picture

Thanks.

Mon, 09/28/2009 - 09:41 | 81337 Rusty_Shackleford
Rusty_Shackleford's picture

It is the key to understanding everything.

Keep up the great work.

 

I hear helicopters,.......Fed helicopters.

Mon, 09/28/2009 - 09:40 | 81338 Cheeky Bastard
Cheeky Bastard's picture

proof, the best method to separate oneself from morons .... * applause in the background *

Mon, 09/28/2009 - 09:41 | 81339 Gordon_Gekko
Gordon_Gekko's picture

Excellent work Tyler. The real conspiracy, as it is turning out, is that we have a free market in Gold (or anything else these days).

Mon, 09/28/2009 - 10:06 | 81368 Robb
Robb's picture

Well put. That summerrizes it all.

Tue, 09/29/2009 - 11:38 | 82429 Anonymous
Anonymous's picture

summerrize - ha, hello larry

Mon, 09/28/2009 - 19:01 | 81879 Anonymous
Anonymous's picture

exactly - a real tin foil hat conspiracy since Dec 23, 1913

Mon, 09/28/2009 - 09:46 | 81342 Anonymous
Anonymous's picture

So this is why we will never return to a gold standard and monetary stability!

Mon, 09/28/2009 - 09:48 | 81346 crzyhun
crzyhun's picture

Forgot to sign in.

So this is why we will NEVER have a gold standard again and a chance to return to monetary stability!

Sad day.

Mon, 09/28/2009 - 09:48 | 81347 Mazarin
Mazarin's picture

"saddest is that the United States no longer pursues strategic goals that are in the best interest of the majority of its citizens, but merely manipulates other, less powerful nations into a servile existence that only provides gain to a very limited subset of the American financial oligarchy. It is time for the Fed's unprecedented control over affairs, both global and domestic, to end."

Amen, if you are a Freedom loving American.


Mon, 09/28/2009 - 14:10 | 81608 Anonymous
Anonymous's picture

""saddest is that the United States no longer pursues strategic goals that are in the best interest of the majority of its citizens, but merely manipulates other, less powerful nations into a servile existence that only provides gain to a very limited subset of the American financial oligarchy. It is time for the Fed's unprecedented control over affairs, both global and domestic, to end."

Amen, if you are a Freedom loving American."

The Communist countries have been saying that about us for sixty years only the called it "Western Imperialism."

One could say, "Yeah but, would you rather live in their country or ours." Considering the exploitation the west has done in the east for almost 200 years, it's not surprising they are where they are. Nature balances things out. Before long we will be known as the "Yellow man's burden."

Mon, 09/28/2009 - 14:53 | 81647 Anonymous
Anonymous's picture

or in some cases, "yellow woman's burden"

that's seriously deep mate
been reading some lao tzu i see

Mon, 09/28/2009 - 15:31 | 81691 Anonymous
Anonymous's picture

Governing a great nation is like cooking a small fish - too much handling will spoil it.
Lao Tzu

Mon, 09/28/2009 - 17:56 | 81827 Anonymous
Anonymous's picture

CHAPTER XVII THE PURITY OF THE CURRENT. In the Age of Gold, the people were not conscious of their rulers; in the Age of Silver, they loved them, with songs; in the Age of Brass, they feared them; in the Age of Iron, they despised them. As the rulers lost confidence, so also did the people lose confidence in them.

CHAPTER XVIII THE DECAY OF MANNERS. When men abandoned the Way of the Tao, benevolence and justice became necessary. Then also was need of wisdom and cunning, and all fell into illusion. When harmony ceased to prevail in the six spheres it was needful to govern them by manifesting Sons. When the kingdoms and races became confused, loyal ministers had to appear

CHAPTER XIX RETURNING TO THE PURITY OF THE CURRENT. If we forgot our statesmanship and our wisdom, it would be an hundred times better for the people. If we forgot our benevolence and our justice, they would become again like sons, folk of good will. If we forget our machines and our business, there would be no knavery. These new methods despised the olden Way, inventing fine names to disguise their baneness. But simplicity in the doing of the will of every man would put an end to vain ambitions and desires.

Lao Tzu - translated by Aleister Crowley

Mon, 09/28/2009 - 09:53 | 81350 ShankyS
ShankyS's picture

Wonderful work. Sadly, I find it possible that this too will be glossed over (thus only further preserving the conspiracy theory) and status quo will march on. It will end one day in a heaping pile of shit, but what will it take to rip it from the tentacles of the vampire squid? (Shanky asks as we march on the road to fascism).

Mon, 09/28/2009 - 09:53 | 81352 Anonymous
Anonymous's picture

Why the F is the markets up today? in 30 minutes it made up for the losses of the entire last week basically.

Mon, 09/28/2009 - 11:57 | 81465 Anonymous
Anonymous's picture

Do you really have to ask this question, in a thread about government manipulation none the less?

Mon, 09/28/2009 - 12:24 | 81492 ivant
ivant's picture

everyone tells me its a jewish holiday again today. apparently there is some historical pattern that works most of the time where you sell on the friday of the holiday and boy on the monday. i dont know. but all i see is volume as light as a feather and a market absolutely ready to rally. then in addition you have the technical level that it bounced of (1040), which was to be expected. i was long during the asian session, but didnt think we would break 1055. went short at 1061. let's see how this one goes.

Mon, 09/28/2009 - 09:55 | 81353 lsbumblebee
lsbumblebee's picture

A tip of my tinfoil hat to you Tyler! Nice work.

Mon, 09/28/2009 - 09:56 | 81354 Anonymous
Anonymous's picture

beautiful.

I don't remember the "secret agreements in writing" part of any of my many econ classes.

huh.

Mon, 09/28/2009 - 09:58 | 81356 etrader
etrader's picture

UK switched a pile of Gold for EURO's.

Doesn't that say something about relevance Gold these days?

Mon, 09/28/2009 - 10:07 | 81370 Cheeky Bastard
Cheeky Bastard's picture

no; but it says something about blatant retardation of the UKs financial minister ...

Mon, 09/28/2009 - 10:15 | 81379 Project Mayhem
Project Mayhem's picture

Cheeky, discover any transfinite numbers lately?  ;)  I watched Pi the other day...

Mon, 09/28/2009 - 10:17 | 81382 Anonymous
Anonymous's picture

ask martin armstrong

Mon, 09/28/2009 - 10:21 | 81388 Cheeky Bastard
Cheeky Bastard's picture

LOL; no; i have chosen sanity instead :D. No, i was doing something in meta-logic and that kept me captivated for some time. I also watched Pi a week or so ago. Terrible movie; WTF was he searching for; a stock market equivalent of the Riemann hypothesis, distribution of random averages, deterministic equation of elements of a dynamic space.

Mon, 09/28/2009 - 10:38 | 81393 Anonymous
Anonymous's picture

2+2=5
-Winston

Mon, 09/28/2009 - 11:19 | 81421 Cheeky Bastard
Cheeky Bastard's picture

no, 11=2 ( mod 3 )

Mon, 09/28/2009 - 10:16 | 81380 Anonymous
Anonymous's picture

... currently prime minister ...

Mon, 09/28/2009 - 10:16 | 81381 Sqworl
Sqworl's picture

HAHAHAHA..SPOT ON.

Mon, 09/28/2009 - 11:05 | 81409 Anonymous
Anonymous's picture

Gordon Brown stole it from the British public to sell the the GS exec right after they shorted it into the ground.

Nice work if you can get it. Gordon did it with barely a whimper from the UK citizens.

Mon, 09/28/2009 - 11:07 | 81411 Anonymous
Anonymous's picture

Gordon Brown stole it from the British public to sell the the GS exec right after they shorted it into the ground.

Nice work if you can get it. Gordon did it with barely a whimper from the UK citizens.

Mon, 09/28/2009 - 11:15 | 81417 Anonymous
Anonymous's picture

Yeah - Browns Bottom has Two Cheeks

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