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Spot Gold Passes $1,400

Tyler Durden's picture





 

We were 24 hours off with our estimate for $1,400 gold by EOD Friday. Nonetheless, the level has just been breached. It won't stop there.

 


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Mon, 11/08/2010 - 13:08 | Link to Comment Bruno the Bear
Bruno the Bear's picture

Let's try and tighten up these forecasts ZH!  :-)

Mon, 11/08/2010 - 14:18 | Link to Comment Slash
Slash's picture

can someone explain to me the major factor(s) causing it's rise so far? I was expecting a pretty big correction around 1250 (obviously was dead wrong). I don't have the numbers but is Benron's money/debt creation for QE2 really enough to offset the entire market deleveraging and paying down debt (deflatinary since it takes USD out of circulation)? Is something else happening? Are excess FRN's coming home from over seas? I was under the impression they were flowing towards emerging markets, etc.

 

or is it just a combo of everyone knowing that Benron is creating FRNs, more and more people waking up to what's happening and what gold/pm's are, etc.?

Mon, 11/08/2010 - 14:23 | Link to Comment EscapeKey
EscapeKey's picture

I personally think this is the foot of the exponential curve.

Those people still having the deflation/inflation argument better make their mind up soon.

Mon, 11/08/2010 - 14:42 | Link to Comment Slash
Slash's picture

you mean in terms of debt? I understand ala chris martenson about money being debt and needing constant exponential new debt to service old debt and interest.......but hasn't debt been declining? I'm just trying to get a handle on what the largest factor(s) are so I can keep an eye on them......

Mon, 11/08/2010 - 15:38 | Link to Comment EscapeKey
EscapeKey's picture

No, I meant in terms of Gold, or all the commodities for that matter.

We've reached the stage where the US is monetizing the deficit. It's the event horizon, and Ben happily stepped beyond it. The scheme is more elaborate, but it boils down to Zimbabwe/Weimar Republic economics.

Short of cutting Medicaid/Medicare, Social Security, Defence, and other mandatory spending, any "austerity" cuts will be the equivalent of rearranging the deck chairs of the titanic.

And if a party eliminates any of these, they'll never be re-elected. Fucked if they do, fucked if they don't.

Printing is therefore the easiest political option - just as it was in the Weimar Republic - and all the commodities won't look back.

Mon, 11/08/2010 - 16:44 | Link to Comment nuinut
nuinut's picture

This may simplify: Synopsis: Gold Is Not Money

Mon, 11/08/2010 - 16:52 | Link to Comment Slash
Slash's picture

yes I understand that line of thinking but, as was pointed out in the a more recent ZH post in the interview with chris martenson and steve keen, the deleveraging and paying down of debt + lack of demand for new credit is far more powerful than benron printing up 600 billion. Loans create new deposits, which isn't happening right now.

 

but alas, I was asking these questions at 1250 and here we are today.......could people be losing confidence fast enough that this is what is causing the rise?

Mon, 11/08/2010 - 19:24 | Link to Comment nuinut
nuinut's picture

could people be losing confidence fast enough that this is what is causing the rise?

My link above answers this question exactly.

We are watching the whole thing unravel in real time, and as we do, we are attracting a crowd, and directing their attention to the spectacle before us.

Critical mass can take a while to build, but don't be fooled... it's exponential.

The whole shithouse is about to go up in flames...

Mon, 11/08/2010 - 15:10 | Link to Comment Downtoolong
Downtoolong's picture

Some big traders are short big time and getting caught in a squeeze. That's all there really is to know in the short run. Remember oil in 2008? Same reason. Watch silver, up 2+% again today. No fundamentals at play here. Wouldn't be surprised to see it trade above $40 and below $20 all within a 12 month period.

Self regulating markets my ass. As an investor, I wouldn't touch any of them with a 10 ft. pole. 

Mon, 11/08/2010 - 15:17 | Link to Comment Slash
Slash's picture

but...but phd eCONomists say markets are efficient!!!! and human beings are rational!

 

 

 

 

*snicker*

Mon, 11/08/2010 - 19:00 | Link to Comment ThreeTrees
ThreeTrees's picture

The market-as-regulator IS going to punish those caught short and undressed.  It's called losses.  Which is more than one can say for the State-as-regulator...

You aren't asking for rationality, you're asking for prescience.

Mon, 11/08/2010 - 14:19 | Link to Comment Turd Ferguson
Turd Ferguson's picture

I'd expect some resistance around 1420 if only because I expect Blythe to ultimately set up shop around 1440, and her history is to fall back in $15-20 increments. At this rate, we may see 1440 by later this week/early next. At gold 1440, what would silver be? 29? Probably.

We'd be due for a bit of profit-taking there. Maybe get a pullback to where we are right now, namely 1410 and 28. But buy, buy, buy all dips. 

Lastly, watch that crude market. Today makes three closes above resistance around 86 on the Dec10. We could see 92 real f-ing fast.

Mon, 11/08/2010 - 15:06 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I like days like today when both the dollar AND gold are up.  Gives me a little bit more time to buy more PMs...

Mon, 11/08/2010 - 15:30 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

2:30 PM ET.  Palladium up an impressive $22.00 (kitco.com).

Mon, 11/08/2010 - 15:40 | Link to Comment EscapeKey
EscapeKey's picture

Well, I gotta admit, you do have a pretty damn good track record when it comes to predicting the price of Gold. What's your occupation for the record?

Mon, 11/08/2010 - 13:07 | Link to Comment Absinthe Minded
Absinthe Minded's picture

So much for buying the dip. Dammit!

Mon, 11/08/2010 - 13:08 | Link to Comment schoolsout
schoolsout's picture

Been right there with you for a few days...

 

Mon, 11/08/2010 - 13:15 | Link to Comment Bananamerican
Bananamerican's picture

Grrrrrr

Mon, 11/08/2010 - 13:21 | Link to Comment MsCreant
MsCreant's picture

I kept some powder dry too. Did the same thing in the 1200's waiting for my dip. Finally bought at 1290. Got to that 1350 I needed to clear the commission pretty damned quick. 

Don't forget silver through the roof too.

PMs female dogz. Roof Roof Roof.

Mon, 11/08/2010 - 13:32 | Link to Comment SWRichmond
SWRichmond's picture

Gold will once again be recognized as capital by more than just the central banks.  The silver upside will make some people rich.  There's a difference, and I know what it is.  I suspect you do, too.

Edit:  It's starting to look like it's gonna be a dollar day in silver.

Mon, 11/08/2010 - 14:13 | Link to Comment JLee2027
JLee2027's picture

A dollar would be nice.

Wednesday though may be $2-3 dollars. 

Mon, 11/08/2010 - 14:48 | Link to Comment tmosley
tmosley's picture

Why Wednesday?

I've been busy with work and not keeping up as well as I should.

Mon, 11/08/2010 - 20:36 | Link to Comment JLee2027
JLee2027's picture

According to Tyler here it's when the Fed monetization begins and is 2-1/2 times the POMO size effect on the markets. 

Mon, 11/08/2010 - 13:57 | Link to Comment RockyRacoon
RockyRacoon's picture

L'or, les chiennes !!

Mon, 11/08/2010 - 14:05 | Link to Comment H. Perowne
H. Perowne's picture

L'argent, putes!

Mon, 11/08/2010 - 14:36 | Link to Comment Cyrano de Bivouac
Cyrano de Bivouac's picture

Platinum putas!

Mon, 11/08/2010 - 15:08 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Platino putaz!

Mon, 11/08/2010 - 14:55 | Link to Comment trav7777
trav7777's picture

it's ok to say bitchez...nobody is going to tattle

Mon, 11/08/2010 - 13:11 | Link to Comment Central Wanker
Central Wanker's picture

Gold is cheap, if you can buy it with fiat money. Some day, you won't be able to.

Mon, 11/08/2010 - 13:13 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I've been saying a long time here at ZH that gold is cheap, a bargain really, at under $1500.  Still feel that way.

Those of you who have no gold should buy some ASAP.

Mon, 11/08/2010 - 13:15 | Link to Comment Central Wanker
Central Wanker's picture

Amen, Bro.

Mon, 11/08/2010 - 13:16 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bargain under $2500.

It will be expensive at $5000.

And then real expensive at $10000.

Mon, 11/08/2010 - 13:29 | Link to Comment ZeroPower
ZeroPower's picture

CURRENT POWER LEVEL OVER 9000 !!1!11111

Mon, 11/08/2010 - 13:33 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Lightning striking twice today!

Mon, 11/08/2010 - 13:53 | Link to Comment iota
iota's picture

lol

Since we're digging out old memes.

http://img176.imageshack.us/img176/4985/goldh.jpg

Mon, 11/08/2010 - 13:59 | Link to Comment ZeroPower
ZeroPower's picture

haha.

first time i saw that pirate (?) was with the caption:

'har har! im using teh internet!!1!111111'

 

Mon, 11/08/2010 - 14:06 | Link to Comment iota
iota's picture

I remember that.

Mon, 11/08/2010 - 16:47 | Link to Comment nuinut
nuinut's picture

Physical gold will continue to be cheap until it is no longer available.

 

Mon, 11/08/2010 - 13:14 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

1400 gold is the dip, as time will show.

Mon, 11/08/2010 - 13:08 | Link to Comment gringo28
gringo28's picture

whatever. silver and Cu will outperform Au

Mon, 11/08/2010 - 13:15 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Who knows gringo28?  I certainly do not.

That's why I have some Ag and Pt as well.  More in gold though.

Oh, yeah, I just realized that I have a 1 liter plastic bottle full of pre-1982 pennies, and almost 3 liters of nickels.

Mon, 11/08/2010 - 14:00 | Link to Comment RockyRacoon
RockyRacoon's picture

Lordy, lordy.  As a coin dealer I get wheat cents by the pound.  I just threw them in a big metal bin with a view to taking a look at them for collectible coins -- when I got a little extra time.  Hell with that.   Can't melt 'em without going to jail so I guess I'll just sell 'em by the pound and scoop 'em up with a ladle.

Mon, 11/08/2010 - 14:12 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

OK, as a non coin dealer, I would think that getting WHEATS by the pound would be worth trolling through for collectibles.  In my liter of Cu pennies, there are maybe 2 or 3 wheats, all common dates, so into the bottle they went.

If the metal value of nickels keeps going up, I will loot the banks of theirs...

coinflation.com

Mon, 11/08/2010 - 14:57 | Link to Comment trav7777
trav7777's picture

what if they accidentally fell into the smelter?

Mon, 11/08/2010 - 16:12 | Link to Comment RockyRacoon
RockyRacoon's picture

Ooops....

Mon, 11/08/2010 - 13:16 | Link to Comment Mad Max
Mad Max's picture

And Cu, Zn and Pb will outperform Ag... where are we going with this?

Mon, 11/08/2010 - 13:31 | Link to Comment gringo28
gringo28's picture

thunderdome? a few weeks back i switched to silver and am now 4:1 silver vs gold. have been long copper for a while and will stay that way. silver is just too nice these days.....

Mon, 11/08/2010 - 14:18 | Link to Comment dark pools of soros
dark pools of soros's picture

im about 50/50 which looks ridiculous when stacked side by side...   silver has a nice long run coming up

Mon, 11/08/2010 - 20:08 | Link to Comment unununium
unununium's picture

I was 50/50 too, until the silver rocket left the spaceport.  Now I have my hands full trying to analyze a chart that's arrived in outer space.

Mon, 11/08/2010 - 13:51 | Link to Comment Heavy
Heavy's picture

I'm going to flattly agree with gringo on this one spot silver is going to outpreform gold in the long run.  The good old supply and demand argument is the basis for this.  Naked silver shorts vs naked gold shorts, I am ignorant, please to enlighten me?  I always seem to want to say that silver is for barter and gold is for wealth storage, even though im not sure that will affect the value of silver significantly, and definately only comes into effect with an epic fiat fail.  BTW is anyone here predicting and epic fiat fail?  Seriously though, I'm also uncertain as to the effects of rapidly increasing ag and au values on the change to profitability of mining sources that are not being utilized currently, and the effect of their utilization on both gold and silver supply.  Any ideas/leads on this would be most appreciated.

Mon, 11/08/2010 - 14:01 | Link to Comment RockyRacoon
RockyRacoon's picture

You're over working it, my friend.  Just buy gold and silver common coins and put 'em in a safe place.  Forget all that mental masturbation.

Mon, 11/08/2010 - 14:08 | Link to Comment SRV - ES339
SRV - ES339's picture

Right u r Rocky... I just buy the Sprott PM Fund and let the experts decide the silver / gold mix... > 80% last 12 months.

Mon, 11/08/2010 - 14:22 | Link to Comment dark pools of soros
dark pools of soros's picture

just buy what you can and only sell some if you have a good place to exchange the wealth into - this isn't madmax.. once gold goes to $5000 and silver $100 I will sell some and put the gains into some projects

Tue, 11/16/2010 - 16:56 | Link to Comment Heavy
Heavy's picture

I agree, but as long as I'm making a hobby out of monetary collapse, I might as well refine my arguments.  Gold and silver held together = good, I agree.  I'm just saying I think silver is going to outpreform gold over the next few years based on what I know, I'm trying to know more in order to think more effieciently about the future.  Sorry to come back to a dead thread, I should be in the forums anyhow. 

Wed, 11/17/2010 - 16:39 | Link to Comment RockyRacoon
RockyRacoon's picture

These threads never die....

Buy American Silver Eagles and damn the price.

Tue, 11/23/2010 - 12:18 | Link to Comment Heavy
Heavy's picture

That sounds like something I can agree with at the moment, cheers to you Mr. Racoon.

Mon, 11/08/2010 - 13:08 | Link to Comment Temporalist
Temporalist's picture

Up and up Au goes, where it stops nobody knows.

Mon, 11/08/2010 - 13:08 | Link to Comment 66Sexy
66Sexy's picture

take a look at everything you have. your registered cars. your registered home. your stock portfolio, your cash in the bank, your retirement accounts... it's all THEIRS.

all you really have as an asset is physical PM's.

Mon, 11/08/2010 - 13:09 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold, bugz!

Mon, 11/08/2010 - 13:16 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Damn right, Pony!

Mon, 11/08/2010 - 13:09 | Link to Comment LoneStarHog
LoneStarHog's picture

Yeah, well, Denninger who has been WRONG on deflation, the U.S. Peso, gold/silver, etc. NOW states that gold/silver will NOT save you, as the government will just TAKE it from you.  The DOUCHEBAG will not admit to being wrong and leading his Kool-Aid crowd over the proverbial cliff.

Mon, 11/08/2010 - 13:11 | Link to Comment Temporalist
Temporalist's picture

"First they ignore you, then they ridicule you, then they fight you, then you win." --  Mahatma Gandhi

Mon, 11/08/2010 - 15:00 | Link to Comment trav7777
trav7777's picture

don't listen to Douchinger, then.

He doesn't seem to get that they can take his trading account, his FRNs, his fucking boat, his house, and WTFever the hell else he think is his if they are so inclined.

What's going to end up happening is that after he has bankrupted and impoverished all his TF acolytes, one of them may take the hard option on his ass.

Mon, 11/08/2010 - 13:12 | Link to Comment Temporalist
Temporalist's picture

LOL. 

Mon, 11/08/2010 - 13:15 | Link to Comment MSJChE
MSJChE's picture

Pathetic, isn't it?  They're only starting to beg.

Mon, 11/08/2010 - 13:17 | Link to Comment Bananamerican
Bananamerican's picture

+ Pfffttt!

Mon, 11/08/2010 - 13:20 | Link to Comment Temporalist
Temporalist's picture

Fastest 15 Junks Ever!...errr I mean 17...I mean...

Mon, 11/08/2010 - 13:25 | Link to Comment Obama2012
Obama2012's picture

junk away. it just shows how mad you are you bought into the next bubble. keep watching beck and wasting your money if you want but i will try to be a voice of reason. no need to have an anti common sense echo chamber

Mon, 11/08/2010 - 13:28 | Link to Comment Bananamerican
Bananamerican's picture

OK now THAT made me LAUGH!

Mon, 11/08/2010 - 14:39 | Link to Comment Bow Tie
Bow Tie's picture

lol! so many junks on that first post. these satirical handles get a laugh from me. but it will actually be obama2012.

Mon, 11/08/2010 - 13:30 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Obama2012,

Gold is monie. 

Sincerely,

LH

Mon, 11/08/2010 - 13:46 | Link to Comment Obama2012
Obama2012's picture

gold is monie? how many times per day do you take out your gold coin chip off a chunk and buy something? big fat zero i bet. gold is not money. gold is a rock that is dug up purchased and buried again. stupid.

have a sense of patriotism and use all that extra REAL money you have and help the country. put it to a productive use.

http://www.huffingtonpost.com/chris-matthews/post_1216_b_779225.html?ir=...

Mon, 11/08/2010 - 13:52 | Link to Comment Temporalist
Temporalist's picture

Your "sense of patriotism" is clearly broken.  If you knew what patriotism was you'd recognize the Founders of the U.S. didn't want socialism they wanted Individual Freedom above all else.

Mon, 11/08/2010 - 13:55 | Link to Comment Goldenballs
Goldenballs's picture

Quite right.Buy Gold so your country will have wealth after its collapsed.

Mon, 11/08/2010 - 13:55 | Link to Comment 66Sexy
66Sexy's picture

your clearly joking and just trolling for fun.

Mon, 11/08/2010 - 14:04 | Link to Comment RockyRacoon
RockyRacoon's picture

Isn't the user name a give-away?  Clearly, he is just joshin'.

Mon, 11/08/2010 - 13:56 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I have no need to spend any extra monie I earn.  I save it.  And as far as me doing something patriotic, other than shopping locally as much as possible, I believe exchanging FRNs for gold/silver is patriotic because the less I use the US' bloodsoaked dollars, the better.

Mon, 11/08/2010 - 13:59 | Link to Comment Heavy
Heavy's picture

Money vs currency, you need the wikipedia before the zerohedge.  BTW making fun of Beck is common fair here, not because he's pro gold, but beause he's a crazy ass hat of Faux media.  Patiotism does bode well for "REAL" money, just in the opposite way from what you are thinking.

Mon, 11/08/2010 - 14:54 | Link to Comment tmosley
tmosley's picture

Money is different from currency.  Best learn the difference, lest you be left with thousands of pounds of currency, but no money.

Mon, 11/08/2010 - 15:04 | Link to Comment trav7777
trav7777's picture

Chris Matthews is such a moron.  I mean, wtf kind of partisan shilling is this?  WTF infrastructure did Democraps build?  There was no push for rail during the 90s, NONE.

The fact is that the debtpeddlers were the biggest donors of his Messiah and they give not one fuck about building anything.

Mon, 11/08/2010 - 15:48 | Link to Comment JonNadler
JonNadler's picture

Obama, I told you the gold ain't money or the gold is in a bubble routine just ain't going to cut it man. Goldbugs laughing at you. I told you soooooooo

Mon, 11/08/2010 - 13:33 | Link to Comment Ragnarok
Ragnarok's picture

Debt is the bubble.  1oz Gold Today equals 1oz Gold Tomorrow, 1 Dollar today does not equal 1 Dollar tomorrow.

Mon, 11/08/2010 - 13:37 | Link to Comment SWRichmond
SWRichmond's picture

Debt is the bubble.

And, since the debt is all fiat-based, guess what else is a bubble?

Mon, 11/08/2010 - 13:52 | Link to Comment TheDriver
TheDriver's picture

Wait, don't tell me. I know this one...

Mon, 11/08/2010 - 13:36 | Link to Comment MsCreant
MsCreant's picture

I regret I have but one junk to give for this fine thea"trick" performance. 

Mon, 11/08/2010 - 13:36 | Link to Comment EscapeKey
EscapeKey's picture

Oh, right, because ALL commodities rising in unison = BUBBLE, it's not because your master is creating inflation.

Keep living in denial, bozo.

Mon, 11/08/2010 - 14:16 | Link to Comment JLee2027
JLee2027's picture

Some people just get a kick out of generating emotions in others. Having reviewed the poster in question, no one can be this clueless as he/she appears to be...so...

Mon, 11/08/2010 - 13:39 | Link to Comment Potemkin Nation
Potemkin Nation's picture

 

It is hard to believe how incredibly stupid you are. Stupid as a stone
that the other stones make fun of. So stupid that you have traveled
far beyond stupid as we know it and into a new dimension of stupid.
Meta-stupid. Stupid cubed. Trans-stupid stupid. Stupid collapsed to
a singularity where even the stupons have collapsed into stuponium.
Stupid so dense that no intelligence can escape. Singularity stupid.
Blazing hot summer day on Mercury stupid. You emit more stupid in one
minute than our entire galaxy emits in a year. Quasar stupid. It cannot
be possible that anything in our universe can really be this stupid.
This is a primordial fragment from the original big stupid bang. A pure
extract of stupid with absolute stupid purity. Stupid beyond the laws
of nature. I must apologize. I can't go on. This is my epiphany of
stupid. After this experience, you may not hear from me for a while.
I don't think that I can summon the strength left to mock your moronic
opinions and malformed comments about boring trivia or your other
drivel. Duh.
Mon, 11/08/2010 - 13:48 | Link to Comment Citxmech
Citxmech's picture

LMFAO! - that's about the funniest shit since the "dinosaurs giving each other massages" comment the other day.

+100

Mon, 11/08/2010 - 13:59 | Link to Comment Potemkin Nation
Potemkin Nation's picture

Can't take credit for it.  It's an excerpt from probably the best flame of all time.  Here is the full rant:

http://www.guymacon.com/FUN/INSULT/INDEX.HTM

Mon, 11/08/2010 - 14:08 | Link to Comment RockyRacoon
RockyRacoon's picture

"I never apologize.
I'm sorry, but that's just the way I am."
- Homer J. Simpson

Mon, 11/08/2010 - 14:15 | Link to Comment iDealMeat
iDealMeat's picture

++Credit..  Blissfully ignorant, infinitely stupid. 

Mon, 11/08/2010 - 13:40 | Link to Comment Pool Shark
Pool Shark's picture

Don't - Feed - The - Trolls

Mon, 11/08/2010 - 13:49 | Link to Comment merehuman
merehuman's picture

voice of stupidity,  have a nice day

Johnny Bravo , is that you?

Mon, 11/08/2010 - 15:41 | Link to Comment saulysw
saulysw's picture

Johnny said that he would leave Zerohedge if gold hit $1400 before $900. I for one hope he keeps his word. Robert is more generous of heart.

Mon, 11/08/2010 - 13:49 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Is that you JB?  If so, welcome back!

Gold to $55,000.

Mon, 11/08/2010 - 13:51 | Link to Comment merehuman
merehuman's picture

Hello, rolling bearing. Same thought, same time. Cheers old friend

Mon, 11/08/2010 - 14:17 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Back at you merehuman.  Hope things are going well for you.

Besides, we need gold bears.

Mon, 11/08/2010 - 13:51 | Link to Comment TheDriver
TheDriver's picture

You're not at Nadler or Bravo's level yet but you certainly have the potential to become ZH's greatest troll. Keep up the good work. Oh, and here's another junk for you. I hear you've started collecting them.

Mon, 11/08/2010 - 13:53 | Link to Comment Ms. Erable
Ms. Erable's picture

Thus speaks another fine example of the U.S. public edumacation system.

Mon, 11/08/2010 - 13:53 | Link to Comment 66Sexy
66Sexy's picture

yes we can can can yes we can can can

gimme a slice of bernake 'n' obama's QE pie, and shut my mouth.

we all gonna get rich off obama lol. 

Mon, 11/08/2010 - 14:00 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Those that had a vision, those that had the courage of their convictions when all their peers were ridiculing them, those that are now a leg up on the world of falling fiat currencies, those that are now able to say 'I told you'....

Those are the people that I take my hat off to. They are truly courageous. They will reap the benefits of their risk. They are the true capitalists!

Long live capitalism!

Gold bitchez!

Mon, 11/08/2010 - 13:15 | Link to Comment Upswaller
Upswaller's picture

Lookin' for that sarcasm flag to match the waving tongue on that one.....

Mon, 11/08/2010 - 13:19 | Link to Comment traderjoe
traderjoe's picture

Member 1 week 5 days - either a new troll or a new 'performance artist' (guys that just try to rile everyone up).

Mon, 11/08/2010 - 13:30 | Link to Comment Bananamerican
Bananamerican's picture

no, he just stumbled in here, his lips still flecked with the sweet purple juice of PROPAGANDA!

Mon, 11/08/2010 - 13:37 | Link to Comment MsCreant
MsCreant's picture

Some kind juice alright, the kind you get by getting on your knees and...

Mon, 11/08/2010 - 13:57 | Link to Comment EscapeKey
EscapeKey's picture

Oh I'm sorry, I couldn't see his lips for all the Bernanke ass attached to them.

Mon, 11/08/2010 - 13:15 | Link to Comment Ragnarok
Ragnarok's picture

Troll.

Mon, 11/08/2010 - 13:58 | Link to Comment SheepDog-One
SheepDog-One's picture

The big problem with the trolls is whenever the excrement does hit the rotary oscillator, the big mouths vanish never to be seen again!

Mon, 11/08/2010 - 17:28 | Link to Comment Ludwig Van
Ludwig Van's picture

 

I junked him but took it back.

 

The sadist says to the masochist, "I'm gonna kick yer ass!"

The masochist says, "Really?!"

The sadist says, "No."

 

 

Mon, 11/08/2010 - 13:16 | Link to Comment Al Huxley
Al Huxley's picture

I had to log in right now just to junk you.

Mon, 11/08/2010 - 13:29 | Link to Comment French Frog
French Frog's picture

made me laugh; straight to the point

Mon, 11/08/2010 - 15:26 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

well, my time stamp is wrong and i emailed tyler for some advice, no reply he is busy with this great news of GOLD busting out a move. how come i can't changed my time any more. i think i am on eastern time and don't see the EDIT your time button.

see this post has 14:24 and really my time is only 12:24.

H E L P

SoS

oh you should stand back and reads you guys your like little children in a candy store.

Mon, 11/08/2010 - 13:16 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Nice glimpse. Thank you.

Mon, 11/08/2010 - 13:16 | Link to Comment 66Sexy
66Sexy's picture

hi Mr Troll: Nice to meet ya! Obama2012 lol

 

hate trolling you may hook up a nice yellowtail in these waters

Mon, 11/08/2010 - 13:29 | Link to Comment Ricky Bobby
Ricky Bobby's picture

Johnny Bravo has a new name.

Mon, 11/08/2010 - 13:38 | Link to Comment MsCreant
MsCreant's picture

Johnny's act was never this tight. 

Mon, 11/08/2010 - 14:07 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Buried canned ham in the backyard bitchez !!!

Mon, 11/08/2010 - 14:13 | Link to Comment RockyRacoon
RockyRacoon's picture
If cluelessness were crude oil, your scalp would be crawling with caribou.

http://www.guymacon.com/FUN/INSULT/INDEX.HTM
Mon, 11/08/2010 - 14:25 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Your mother was a Hamster and your Father smelled of Elderberries!

Goled to $200 Bitches! The TA is just all wrong....Forming a double Wedgie in Bernanke's Buttcrack... Alf, slow down this crazy thing, ALF !!!

Mon, 11/08/2010 - 17:17 | Link to Comment Things that go bump
Things that go bump's picture

I didn't know one planted canned ham this time of year.  

Mon, 11/08/2010 - 14:07 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Goled to $200 Bitches !!!

Mon, 11/08/2010 - 14:30 | Link to Comment MsCreant
MsCreant's picture

Are we all adults on this thread? I'm not I'm laughing so hard.

Mon, 11/08/2010 - 14:47 | Link to Comment Johrny Bravo
Johrny Bravo's picture

Happy to be of assistance my good Madam. It is a good day!

Mon, 11/08/2010 - 13:27 | Link to Comment Ratscam
Ratscam's picture

Obama 2012? Great name!

Your creativity tops that of a con artist.

Mon, 11/08/2010 - 13:31 | Link to Comment packman
packman's picture

Lighten up, Frances's.  :-)  Obviously that was tongue-in-cheek.

(No, it wasn't me)

Mon, 11/08/2010 - 15:23 | Link to Comment goldsaver
goldsaver's picture

whose cheek?

Mon, 11/08/2010 - 13:31 | Link to Comment bugfixx
bugfixx's picture

Get ready for a lot of this rhetoric from the Administration and corporate Big Media. They are not amused by these upstarts who refuse to go along with the agenda and be bagholders.

Mon, 11/08/2010 - 13:37 | Link to Comment Heavy
Heavy's picture

I needed a good laugh, thank you.

Mon, 11/08/2010 - 13:10 | Link to Comment John McCloy
John McCloy's picture

Silver going bonkers.

Why buy companies like Priceline with 19 Billion market caps and net revenues that are only 450 million annually with little room remaining for growth

Why buy companies like NFLX that are pricing 9 Billion in market cap althought they have never had net income over 130 million a year.

You could simply not simply buy real money which equates to less money for paper stocks and give Ben a little justice for his insanity.

Mon, 11/08/2010 - 13:12 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

It won't stop there.  No it won't.  As long as Bernanke is in charge of the economy, keep buying and holding.

Mon, 11/08/2010 - 13:19 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

As every week passes, it looks like FOFOA is becoming absolutely right (also Sinclair, etc.).

Think I'm going to have to donate to his site again, without FOFOA I would not have bought as much gold.

fofoa.blogspot.com

Mon, 11/08/2010 - 13:29 | Link to Comment sheeple
sheeple's picture

dude have you looked into fofofoa.blogspot?

fofoa brings good review ... read them all, plz i beg you

Mon, 11/08/2010 - 13:51 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I have indeed read that one, as well as all the gold sites, etc.

But, maybe I should go ahead and just start fofofofofofoa.blogspot.com.  Get the name while I can...

Mon, 11/08/2010 - 14:18 | Link to Comment RockyRacoon
RockyRacoon's picture

Thanks for reminding me.  I just donated again.

Mon, 11/08/2010 - 14:25 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

+1 Do Chin! Hats off to....FOFA, Daily Reckoning, KWN, Blanchard (who took them on single handed and won), Gainsville Coin, Jim Rickards, Doug Noland, Max Keiser, Jim Willie, Jesse's Cafe Americain, Jim Rogers, Taleb, John Hussman, Casey Research, Automatic Earth, Daily Bell, and many, many more. I sincerely thank you for being there when times were tough and believing in the future of PM investment was trying to say the least.

We have not won the war but now we are beginning to win a few battles. I hope that one day the world will once again be able to say 'sound as a dollar', but with an out of control Fed and treasury and bought and paid for politicians it will not happen.

In the darkest days, days when absolutely no one wanted gold, I could only think 'well, gold will never go to zero'....and that was all there was to keep me going.

Mon, 11/08/2010 - 15:06 | Link to Comment Lower Class Elite
Lower Class Elite's picture

Easy with the acceptance speech, Sally. ;)

Mon, 11/08/2010 - 15:14 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Snidley,

I would add James Turk, John Embry, Ted Butler, GATA, Martin Armstrong, Richard Russell and others to that list. These people are the experts to listen to, and not the Gartman's and Nadler's of the world.  

I wonder how Ronald Rosen and the other Prechterites are doing these days?

 

Mon, 11/08/2010 - 15:30 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

nathan a martin  R O C  K s

http://economicedge.blogspot.com/

Mon, 11/08/2010 - 15:48 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

I said 'and many, many, more' and you are correct. All have my best regards and respect.

...and, it was not an acceptance speech...a simple reply to OBAMA2012.

...obviously obama2012 wants all that own a bit of gold to throw it into the socialist system that passes for 'American Democracy' these days. Gotta pay those bank lobbyists somehow.

Mon, 11/08/2010 - 15:14 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Indeed many share the honors of predicting this.

+ $1408

Mon, 11/08/2010 - 13:13 | Link to Comment downrodeo
downrodeo's picture

yeah baby, some early morning e^x action for ya!

Mon, 11/08/2010 - 15:31 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

what is the female e^x action COWBOY

Mon, 11/08/2010 - 15:49 | Link to Comment downrodeo
downrodeo's picture

the exponential function does not know gender

 

e^x is the keyboard way of writing 'e raised to the power of x'

e is the natural number that is approximated by 3-(5/63)^(1/2)

 

Did you see that? I did it again by using the symbol "^" to mean 'raised to the power of'

You with me, COWGIRL??

Mon, 11/08/2010 - 16:17 | Link to Comment kathy.chamberli...
kathy.chamberlin@gmail.com's picture

NOPE

sure isn't simple, now is it.

Mon, 11/08/2010 - 16:25 | Link to Comment downrodeo
downrodeo's picture

haha,

you're a stange cookie, kathy. I think I like you...

Mon, 11/08/2010 - 13:13 | Link to Comment flaunt
flaunt's picture

Honestly I'm amazed that it's only $1400.  I mean we have the international bankers calling for a new gold standard already and gold would have to be a many multiples of the current price to fill that role.  The current price is insanely low.

Mon, 11/08/2010 - 13:18 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

You are channeling FOFOA and I'm right there with you.

Mon, 11/08/2010 - 13:23 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

They beta test by advertising their future plans.  They do this on every major future event for several reasons.  One so that they told you so when they do implement a gold standard, you will not be surprised to find out and you will accept it.  I will point out that this is easy to do when gold should have been the standard all along.  The hard part was having the FIAT accepted, and that was accomplished long ago by easy credit, and easy oil.  Now that oil ain't so easy, they are folding the chairs.  The party is over.  Back to the basics.

The second reason is they want to see how people, all people, respond to these clear and precise messages (ending fractional reserve lending/gold standard).  The game will go on as long as it can.  They will pull the plug once oil production declines, or a revolution starts.  Until then, they will ease it in slow.

Mon, 11/08/2010 - 13:31 | Link to Comment SWRichmond
SWRichmond's picture

One of the purposes of the media is trial balloons

Do NOT follow this link or you will be banned from the site!