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Congratulations to longs. Also, small caps in the gold space have exploded.
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ya think the naked shorts in the small cap gold stocks are beginning to panic? this wasn't supposed to ever happen...
they were supposed to get these stocks down to zero, cause no one wants gold or silver, right?
hi BEN! hi JAMIE!!!! HI CTFC!!!!!
Don't forget to say HI to Johnny Bravo...LOL.
Hi to JB as well. I will read the below comments, but I saw another newer gold thread above, so will likely visit there more as they day evolves.
here's a baby silver where the naked shorts are wetting themselves....
this one was supposed to go to zero
and then, who can forget...NXG
Bit of a newbie here, but isn't this most likely the PTB openly testing markets? Are the wheels finally falling off?
Wow, if they openly admit that they can accidentally move markets...
I know a guy who worked at that exchange for years. It is basically impossible to cross non-production orders into a live system unless you INTEND TO TRADE. They have two segregated systems, he tells me, that are clearly isolated from each other. Being a major exchange, they aren't strangers to having PRODUCTION and QA systems on separate networks - so orders won't "cross" if they are testing, for example, an injector (code that produces flow for testing quote systems and the like).
The claim that they aren't busting trades, but it was a "mistake" is a big red flag. If on one hand everything they claim is right, then that means the Globex system has systemic flaws that need to addressed. On the other hand, it means you can just pop some orders in with your HFT algo and not give a damn.
I leave you to pick which is which.
That sounds more like it. And who's to say that they weren't attempting to move the metals down? I missed the part where they said the tests were designed to move things up. I'll bet they just failed and even got caught doing so. Double whammy.
We need to start following silver as well on this blog.
This might be the beginning of the big one.
Maybe not the big one, but a lot of warning lights just lit up on the dashboard.
Paradise by the Dashboard Light
Here are a few other good silver blogs/sites in addition to Harveys:
Looks like ole Vince is about as sharp as Liz. Not much confidence in their firm.
My stock market trading might have been crap over the last year and a bit but I've been long gold since $330 and silver since $9 so I'm pleased by this!
I have 1268.68 as a record.
The cartel is beginning to panic, JPM is preparing a massive attack.
Market forces always win in the end.
Dear god. Is this finally it?
Screw work, I'm sitting here all day. And don't bother me, I've got the game on.
I've got to hit the road for a few hours today...kind of sucks...
The game is afoot. Although I've been feeling like "it's soon" for the last year...so who knows.
Slow and steady wins the race.
Or, in this case: buy, take delivery, and hold.
The game is afoot.
I don't mind starting with a foot but it's hardly the whole game.
Mazel Tov to JP.
At least one part of his thesis is working.....for today.
His Gold fund is under $800MM in AUM. Everything else is around $30 billion.
Has anyone seen Johnny Bravo.......eeeer, sorry, I forgot he's over at Mish's blog doing the deflation kumbaya.
I dread the day when he graduates from high school then he will be here everytime gold drops a couple of dollars.
He will stop posting when gold hits $1450...( sad day it will be, not)
You guys have to give up your fascination with Johnny Jizzpants. He's just an idiot, hemp-smoking, sandal-wearing, granola-eating student at sCUm.
Just ignore him. He'll go away. Like any precocious child, he craves your attention.
In the meantime, the dollar is sinking like a stone. That, combined with the silver supply squeeze, is sending gold much, much higher in the short term.
Don't dis CU on account of one loser!
Besides, we used to call it SkiYou.
If you've ever attended a football game at Folsom Field as an opposing fan, you'll be quick to label the state as entirely populated with assholes.
Never was much of a football fan--more of an anti-social geek mountain biker that prefered the foothills. My first and last time at Folsom was for graduation.
I enjoy your comments, Turd.
Like every other visitor, you can't help but be jealous of our views.
I think fascination is the wrong word for it.
At any rate, he should be ignored until he goes away.
That, combined with the silver supply squeeze, is sending gold much, much higher in the short term.
If there truly is a silver supply squeeze it's just going to get far far worse with a rising price. Panic will soon set in among the industrial users - they'll buy everything they can and hoard. $100 an ounce here we come.
maybe. Keep checking Harvey Organ every night.
Also, getting very close to backwardation in the silver pit. Only $0.015 spread between Oct and Dec contracts.
I do. And I pull the silver inventory daily and peek before HO posts them. The Silver registered of 53 million ounces is crap. Most of that is leased from customers, double-counted,etc. I think they stopped being honest long ago. Why lease anything from customers if you have silver in stock?
I agree with Harvey. I think they're on the edge.
All Revved Up with No Place to Go.
Also, getting very close to backwardation in the silver pit. Only $0.015 spread between Oct and Dec contracts.
Thank you. This is VERY interesting.
I agree with your post about the leases, JLee. As AgAuPM detailed in his blog, comex leased over 2Moz last week and it went out right away, why would they do that if the 50+Moz in their registered inventory was available. Either they have it but no one is willing to part with it as these prices - or it isn't there.
His call of gold at 1100 hasn't quite materialized yet I see. Of course bulls and bears alike can always say their predictions are a bit early and still yet to come to pass.
nothing to do with inflation or deflation. its primordial fear when in our bones we know the lights are going out. the more they throw at this the bigger the explosion.
Damn thats a big move. What's behind it?
Oh hell, this is nothing. 1650 by January is one major traders call.
Fook. Here comes another run.
Where's Robotroll? I want to see a ski jump pic!
I feel a force majeur or rule change coming on.
Aaron Russo was a friend of the Rothschilds before he realised how fucked up they were. He stated in this video that they could make the PM markets go wherever they wanted.He would have liked to have lived to see their control lost. RIP Aaron.
That video has been removed by "Google". have pay a buck to get the DVD.
But you can't HFT physical gold!!!
Gold-chart viagra-induced-mega-woody bitchez
Nips are hard over here.
There are boards for the gay thing you know. Stop pretending your a women and just act like a poster.
Why do you think I am a man? Does not matter, just curious.
You just want me to be a guy so that I can chase you around with my big hard one and slam it into that sweet soft pucker of yours as you pretend to struggle and try to get away. Mmmm delicious.
Don't worry, I'll use protection----->Gold and Silver (I just said that to try and keep this post on topic).
You're a beautiful person, and I may be in love with you...
What was that supposed to shock me or something? Shame on you. I have children older (and wiser) than you.
Grow up, and act like the person you should be. Male, in charge, and not hiding under a skirt. If you're smart enough to figure out Gold and Silver rock, then you can overcome your identity problems.
No more responses to you on this thread.
You started it, I finished it.
Fight club. Hoohaa!
You got hurt during the Guess jeans fad of the 80's didn't ya. Didn't ya?
short @ 1268.3.
curious if you have a buy stop in
Come on now, what's your stop and target? Can't just post an entry. It just popped 1273. That is 5 bucks over, alot for most. Just saying....
closed out for the price of a spread... affraid to keep it on with whats happening with the euro at the minute.
Like a bat out of hell. 1268.50
Two Out of Three Ain't Bad
You guys are making me hungry for Meatloaf.
You Took the Words Right Out of My Mouth.
Stick a fork in me, I'm done.
No headlines on MW for record gold price...
But if it were DOW 10,000.. Well, that would really be something to write about and have multiple headlines.. Even though its been right around there for 11 years now.
TF- what website do you use for real-time spot gold prices? I have been using kitco but it shows the high 1268... is it just delayed? Got a better one?
My Lind-Waldock futures trading account.
They are probably looking at spot. The Oct10 contract has a high of 1270.9 and a last of 1268.
The Dec10 has a high of 1272.40.
The intraday high of the Oct10 contract was 1267.10 on 6/21/10. A daily close above that level would be big. A weekly close would be enormous.
Dec10 last 1274.40
Thanks TF. Damn, something is REALLY stirring the pot today. If it is potential COMEX implosion, ok- I get it. But what if it is something else? I wonder if somebody (powerful somebodies) got wind of some pre-report raw data that isn't supposed to be public for a while and are front-running it... now I wonder what that might be.
Streaming Realtime java currency chart free
I use this one - http://www.netdania.com/Products/live-streaming-currency-rates-foreign-exchange/real-time-quotes/QuoteList.aspx
Thanks HB, and Threegg- good sites.
gold in the 1270's. whats the news to do this then.
Finally, someone has broken ranks and a big player at that. They know the dollar is stuffed and need to get rid quickly.
end of the year gold 1350, silver 28
even now you can see live some big players trying to climb on board
that gold chart is is like a bikini, what it reveals is suggestive, what it conceals is vital
I like the way you think. We are at the "wicked weasel" moment.
perhaps Ireland has borrowed a few billion greenbacks from Geithner or Bernumbskull to buy some physical and they can't find any?
unless as predicted by bob chapman and the like that someone really is calling in a delivery note.
Johnny Bravo? Where is that troll? He is like every other 22 year old troll I have seen over the years. Blah, Blah, Blah, then when he is wrong he dissappears. Its just annoying listening to the crap until then. However, as I said before I have 200 silver rounds that I bought 2 years ago. I am not selling them, it was for long term. So I don't get real excited about the daily noise. But it is nice to see 1260/gold and 20.00/silver finally crack. Interesting copper did not go with it. :)
A good source for a long term forecast for gold with accompanying videos in German:
The implication from this chart is that just around the end of 2010 to the start of 2011, there will be an inflationary surge into gold, while markets are deflating. (the log scale chart shows a little different- I know I posted it before, though some might have missed it.)
That co-incides with other results in examining inflation-adjusted long term charts of bear markets:
Conclusion: Deflation. Happens. Now.
1270s bitchez. Yields falling too.
Anyone see the zew out today?
And for a further push in gold, now that the USDX is thru 82, it's headed to 80. This ought to help gold up to the 1290 area.
Bernanke: "the US dollar is good as Gold"...trust me
Well I believe he actually really did say "I don't understand gold" not too long ago. I wonder if he'll get it at 1350, or 1650..., or someone will have to have a quiet word in his ear and explain the basics of gold to him.
bound to be some profit taking later.
Let's not forget that this is in dollar terms. Basically shows weakness in the greenback.
That doesn't explain all of the jump.
What about Goldman's comment about another QE announced in november?
About 1 trillion according to article.
Just read the article on Bloomberg and it does not mention the fed may announce.
Pricing in for the next round of QE. Dollar gets a bashing. Gold goes up, as does most anything in dollar terms. Consider it inflation if you will.
I went long gold and silver bullion (allocated physical) a few weeks ago, thanks to the insistent posts here.
Also went long uranium and rare earth stocks. I'm almost completely out of "new normal" stocks and will stay that way for the next few years.
Thanks to everyone here, especially for the heads up on physical silver. Inshallah, may JPM and HSBC bleed from every orifice.
Be careful on taking delivery of uranium. I took delivery of spent plutonium, and am having current problems with the storage requirements.
I'm thinking about re-selling it on eBay.
I have some mountain property in Nevada that you may be interested in.
Sumo, if you don't mind, what companies or ETF's did you get for the rare earth stocks?
silver and gold vertical on the charts. 2049 and 1271 . Dow is looking shakey. dollar on teh euro is tanking. sterling holding it's own.
gold up 2.50 and silver up .10 just in the couple minutes to scan the comments. Wow.
Make that 1270.50
AG at 20.47 (+$0.42)
DXY off a cliff - currently at 81.33 (-0.61)
Anyway we can Not use Exploded or Surge to describe a 2% or less move!!
biggest one day rally in four months on the back of in part a weak dollar
Jim Sinclair’s Commentary
Remember how stupid this sounded when I told you years ago that without any doubt Central Banks would act as they did in the 70s and become buyers?
I got many crude emails about that one.
Equally so, the reaction is fierce when I suggest the the gold market now is comparable to that of October 1979 to January of 1980.
That market condition set off the great gains in gold over a short period of time in that bull market. It is preparing to happen again.
I personnaly admire people with courage to speak up their case, so the man put his call in the public and everybody will be able to see if he was right or wrong and everybody will know his real name.
Can the same be said about all its blogs haters, Robotrader ?
vi veri veniversum vivus vici
Gold zips (NEM !) while the USD is getting ... killed. USDCHF breaks parity, USDJPY breaks 83 (Risk Off?) while AUDUSD is hitting highs on the way to .94 ... (Risk On?)
AND US 10 yr is rallying ... (Risk Off?) ... uhhh ...
Or, QE2 looms and Gonzalo Lira has stirred something up.
What is the sound of one hand clapping?
You know when you get smacked in the face by the Open HAND.
There you have it, buy anything gold, anything AAPL and anything remotely attached to the AAPL world and you'll be a wealthy individual in no time.
just hit $1,273
Looks like they needed an excuse to bring the markets up more so now we can hear about "carry trade" once again.
Theres a nice pair in here if your looking....tease tease..
Yeh I spotted that earlier. That is if you're talking about correlations and not tits.
Always correlations during reg mkt hours. Titties will always be there....
First post, not much to say besides...XAGXAU!!!!
That looks like a code but what could it mean? Hmmm.
Johnny Braaaaaaaaaaavo..Robo Trader..Johhny Braaaaaaaaaavo..Robo Trader...not shut the F UP AND GET LOST ..SCUM BAGS..
Johnny will probably remain missing in action due to the move in Gold...but Robo should be back shortly as the market is up at the moment.
LOL! JB, the self-proclaimed "Best Trader on ZH" predicted the market would start a new leg down last Friday. Well, that didn't happen and when I pressed him on it, he changed his prediction to Monday. JB is 0 for 2 and could be 0 for 3 if the market continues to rally today.
What a clown... We need to stop acknowledging his presence and maybe he'll go away for good. He's obviously only in it for the attention.
They will clearly bash on gold again when it hits a small correction from $1400. The second gold makes a $10+ swing down, JB seems to magically appear.
I just saw Eric Ristuben from Russell Investments on CNBS. He just might possibly be the dumbest motherfucker I've ever seen on that channel. He says:
1) The double dip is over. The economy is back on track. Buy equities.
2) Has "no idea" why gold is trading higher. "There's no inflation on the horizon". As if the buyers of gold are only buying it as an inflation hedge.
Does Sir Richard have any involvement in this company? If so, he should throw Ristuben out to street immediately. The dumbass is an absolute embarrassment to his firm.
I'm buying what China and Japan are buying: commodities, real assets.
there's alot of sell triggers coming in at 1270.
By "sell triggers" do you mean buy stops?
yes I did mean that ... thanks although it almost seems irrelevant now
I wouldn't be too shocked at 1275, just mildly peeved that I closed at 1260 considering myself lucky.
Good show but steady lads. Au found key support yesterday intraday and Deutschland's weak econ reports are pinging fear signals in Europe. Au needs to base up here or it's back down apiece.
I think the silver price has a lot more left in it. I've been tracking this for three years now and finally....... just maybe
thanks for mentioning how the small caps are doing. there's a bunch of junior gold explorers traded in the US and/or Canada whose shares have finally started to display the gold price leverage investors have been waiting for. several of these stocks are up more than 50% year-to-date, while gold is up "only" 16%. this story, and the site in general, has a lot of good information on a bunch of these companies:
But don't worry , one day the Miners are going to be either taxed or nationalized. If Gold transitions to money, Govt cannot allow private enterprises to make money.
Make that 1274 & Silver 20.44 (from www.usagold.com/live.html)
Aside from buying physical metal (while you can still afford and find it), buy Yukon gold/silver explorers. The Yukon's Tintina Gold Belt has already produced new finds in the White Gold district. This might be the hottest Area Play in the world right now. Recent finds by Underworld led to their being aquired by Kinross Gold and lit a fire under the pace of ongoing development.
The silver market will outperform gold because it's starting from an even more surpressed price. It is a beachball that's been held underwater but the kids are getting weary. It's also earlier in the process-- if Gold's rise is in the 5th inning, Silver's is in the 2nd. Look at these guys, bust a move before everyone else gets the idea, and enjoy the long ride up...
Alexco Resources (AXU)
Silver Quest (SQIFF)
Taku Gold (TAKUF)
Northern Tiger Resources (NTGSF)
Kaminak Gold (KMKGF)
ATAC Resources (ATADF)
ALSO, you may want to check out this must listen rundown of the Yukon Area Play, the opportunity, and some of the key players there. Eric Coffin of www.hraadvisory.com provides a wealth of information. Buying and selling explorers at the right time is a great way to make returns in an otherwise stifling market. I'm a customer of the HRA Advisory monthly newsletter, I've improved my returns dramatically. The 75 bucks per quarter is an extremely good value for the quality of the information provided
Here's a w/s on the White Gold District, lots of good info and updates, I hope you find it useful:
Here are some other silver miners, some of which have an issue or two, but if they resolve their issues and silver keeps climbing, these will see huge gains. Very spec. plays though, DDO
Revett Minerals TSX: RVM , OTC: RVMIF.PK
Genco Resources TSX: GGC, OTC: GGCRF.PK
Mines Management AMEX: MGN
Add AM Gold Inc. to that list. TSX.V: AMG
29k west of Victoria Gold (Eagle Gold Project) in the Tintina belt
43 101 compliant Au resource. Lots of newsflow from drilling on the way.
1274 and 20.46. JPM has to be hurting a bit right now.
gold is in permanent and severe backwardation due primarily to the debasement of the currency and the destruction of a free market - specifically in interest rates.
the wicked banksters and politicians have bled america dry with transfer payments of 24+ trillion usd to the banksters...and this says nothing of the policies which de-industrialized america starting in the 1970s....
i will repeat that america is finished as a great nation....it is composed of the most foolish and ignorant buttholes god ever created....but there will be a last grasp at power - just as the evil emperor of japan did in the days leading up to and following hiroshima and nagasaki - probably a war some place in the middle east.....
abandon hope all ye who enter here....
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