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There Goes Gold
There probably is a reason for the sudden move higher in gold, but we don't know or care. At this point the end of Ponzism is a given. Just a matter of time. Next stop for gold $2,000, then various multiples of $1,000 after. But first, the all time nominal high of $1,577 from May 2.
And Longer-Term:
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Boom, I like it.
Kapow! Good job Bernanke. How does it feel to be a miserable failure?
Dammit to hell. Can we get some more price manipulation in here so I can get more gold at very discounted prices.
Gold is completely in a bubble. Get out while you still can. It is so extremely over priced, unlike linkedin. I will be willing to buy one's gold bullion for half price.
Any takers?
http://www.wallstreetandtech.com/articles/231001412?cid=nl_wallstreettech_daily
UBS, Credit Suisse to Announce New Job Cuts
In addition to UBS cutting 6 percent of its IT workforce, Swiss banks UBS and Credit Suisse are set to announce thousands of fresh job cuts as they face falling trading volumes and rising costs, a newspaper reported.
riding this baby while I still can until they hike margins to those of silver (6k per for gold, 26k per for silver)
My chains are going to be worth a fortune... I'm not wearing that gold on roll shit fool... 24k biachezz
If you find one taker anywhere on this planet I will buy you a new hat.
I do need a new hat...
I will gladly pay you Tuesday for a hamburger today.
Will you pay Tuesdays price for today's hamburger?
Hyperinflation is a bitch.
That, in one short post is the problem with bonds and the stock market as investments today. I think everyone who's just started studying this subject should memorize it. Any kind of inflation is a bitch if your timeline is measured in years. People have a really hard time with the fact that when they netted out 11% on their mutual fund in two years; they made nothing. Everyone needs to think purchasing power, purchasing power, purchasing power, until it's automatic.
Right. Well anybody who is actually thinking correctly when they hear inflation should realize what that means. How can you continue to make the work you have done in the past, worth what it was worth. Therefore compiling your lifes work and saving to be able to do or use something of it. This is the question of the century (or two).
That, in one short post is the problem with bonds and the stock market as investments today. I think everyone who's just started studying this subject should memorize it. Any kind of inflation is a bitch if your timeline is measured in years. People have a really hard time with the fact that when they netted out 11% on their mutual fund in two years; they made nothing. Everyone needs to think purchasing power, purchasing power, purchasing power, until it's automatic.
That, in one short post is the problem with bonds and the stock market as investments today. I think everyone who's just started studying this subject should memorize it. Any kind of inflation is a bitch if your timeline is measured in years. People have a really hard time with the fact that when they netted out 11% on their mutual fund in two years; they made nothing. Everyone needs to think purchasing power, purchasing power, purchasing power, until it's automatic.
now THAT'S what i call automation, IQ...
TheTM<
Nice try SLICK..............
But, the Koolaid drinkers are elsewhere.
Yeah, feels like Bernanke is working for us eh? I mean working for us goldbugs, of course!
Weeeeeeee!!!!!!!!!!!!!!!
High of $1563.50 on the day...so far.
1563.50 is sooo transitory.
+1----to myself?! You betcha, no shame.
Tranzzzitory indeed - new high $1565...those (me) waiting for the last dip to buy gold and silver w/ final 25% of fiat may be outa luck?
Buy silver, it's very cheap . . . so's gold for that matter.
Think I'll wait for the final breakthrough and successful retest before I throw the last of my cash into the pot...at this point it's only a $10 or $20 difference to see the cnfm. And agreed, I'll buy silver but watching gold as the tell.
What's really amazing is that they were clearly trying like hell to keep a lid on gold and silver all day yesterday and into the morning. Maybe they are running out of thumbs for the dikes.
All right - I just lessened the outstanding silver supply by 200oz...should be good to get us over $40 by Wednesday am???
It can't hurt. Apologize for the repeats; it was my browser's fault! I'll take an even money bet you'll make it by Thanksgiving.
Fingers, thumbs and toes are all used up, too bad their dicks are way too soft to be of any use except to feed the neighbor's dog.
Surely, this suggests confidence in Ben Bernanke.
/sarc
Keynesians rule!
Anyone think it strange that silver was beaten down twice in the last couple of days, by equal amounts both times, just in time for a swing right back up? As if TPTB knew it was going to head up? Because news of QE3 was going to leak?
... in Hell.
That was my first thought too.
gold meets viagra...
It was me. I bought the last Gold Eagle that pushed it through resistance. I clicked "Buy" and the price went crazy.
My bad. Won't happen again.
Sorry.
oh sure.
OK, I'm not sorry.
So there!
+1568 CD. Buy another one. I'll even pay for it!
I just did. That will be $2,486.66 please.
No checks. :>)
Whoa there big fella... $2,486.66 ??? Pennies OK? Interesting that number of the beast thing you got going...
Sorry. I let greed get the beast best of me. :)
You paid what? Better lube-up the next time you buy from that dealer.
I just bought me one o' these for the hell of it:
2011 American Buffalo One Ounce Gold Proof Coin (BU4)
Price: $1,810.00I was trying to rip off the Hulk. He's not as dumb as he looks.
Why do I always find the smart suckers? :>)
Price: $1,810.00
sheeit....that's Paul McCartney money
It was spare cash. Never hurts to hold a little numismatic coinage. Besides, I've never regretted my buy prices since 1995 when I started accumulating the PMs.
Quick! Blythe, release the monkeys!
http://www.youtube.com/watch?v=SESI19h4wDo
FOMC minutes must of been leaked.
Ya, of course. JPM et al. bid it up in advance, and monkey hammered it down previously.
They know QE3 is coming, and this shit about "some FOMC member thinking about QE3" is another way to get the toe wet before jumping in so PM's don't go parabolic.
All fed members know QE3 is coming. They all know the plan. The governments role is to manage public perception and not create hysteria, so "a few" members think QE3 is warranted. Next week, a few more. Next month, a few more.
Otherwise silver and gold go straight up.
In the interim Blythe beats it back down.
Ponzinomics, my friends. Know that our government is a fascist kleptocracy.
Definition of FASCISM
: a political philosophy, movement, or regime that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
Definition of KLEPTOCRACY
: government by those who seek chiefly status and personal gain at the expense of the governedno no no
"Fascism should more properly be called Corporatism because it is the merger of state and corporate power." -- -Benito Amilcare Andrea Mussolini born: 29 July 1883 – lynched: 28 April 1945) was an Italian politician who led the National Fascist Party and is credited with being one of the key figures in the creation of Fascism
must "of"???
F*** you 1550...now just provide sum support...
Yeah, no shit. That was a hell of a nut to crack.
Never happen. They will fight to keep it at 1460 or totally lose the fight.
It will hover over it for while but for the most part it's going straight from 1500ish to you can't buy it with dollars.
Never?
Remember the fight to break $1k? Then came $1,200, $1,300, etc. . . This thing's going to the moon riding the bow-wave of Bernake's supersonic perpetual printing machine (who said helicopters can't break the sound barrier?).
Dupe. - and while I'm fixing my shame, can I just say wtf is wrong with the Captcha? Damn thing always wants a two digit negative number, but won't take the minus sign because it counts it as a digit.
Pisses me off.
Yen strong all day was first hint of more fiat trouble. Most likely more news to come from Europe
Corn's up 4%...imo it's the qe3 whisperings.
it's still cheap.
Attn: will somebody call 911; there are people jumping off the buildings on Wall Street.
jump you fuckers
http://www.youtube.com/watch?v=yge311sFhC8
Jump you fuckers
http://www.youtube.com/watch?v=yge311sFhC8
great minds think alike. Beat you by 1 minute.
Hugh & Skip sittin' in a tree...
let me finish the song.
Hugh and Skip sittin' in a tree, knocking down banksters with a .50BMG, first comes the range, second comes the windage, then comes some serious intestinal spillage.
http://www.wallstreetandtech.com/articles/231001412?cid=nl_wallstreettech_daily
UBS, Credit Suisse to Announce New Job Cuts
In addition to UBS cutting 6 percent of its IT workforce, Swiss banks UBS and Credit Suisse are set to announce thousands of fresh job cuts as they face falling trading volumes and rising costs, a newspaper reported.
T-Shirt time..
Very violent lyrics. Something tells me you reside in the good old U S of A...
Irregardless, you're a true gangsta. Prolly rockin' a platinum grill.
Irregardless isn't a word. I am a gangsta, here is my anthem.
http://www.ebaumsworld.com/audio/play/80597165/
http://dictionary.reference.com/browse/irregardless
Never said it was a word.
Sandler? Really?
Ya Sandler. Better than an electrocuted smurf vagina as an avatar.
Wow, never looked at it that way! Are vaginas fractal? Anyone?
Hugh, GM - thanks for the laugh
Vaginas are the ultimate fractal.
LOL! Interesting that Penises are smooth and Vaginas are fractals. Opposites attract???
So whats it like to have something infinitely long between your legs???
Vaginas are ultimately fractalable too.
ORI
The real story behind Vagina.
http://www.youtube.com/watch?v=Ew8KPNeEds8
Yes, they are fractal. Large or small they all look alike.
lmao still
http://www.youtube.com/watch?v=4BUqEMNP9zc
did someone say.. gang-star?
ebonics... like 'gangsta'
That's just plain awesome lyricage and pwnage of the original poster there.
Very clever
Back during my adolescence, the idea of nocturnal ejaculation generally involved scantily clad women (plural mind you) fawning over my every need. Blankfein and Dimon jumping to their respective deaths has replaced the dream state causing those old school "wet dreams". Ummmmmmm – bankster death porn. Do you think Youporn has that as a category?
Allow me to check, brb... ... ... ... ... (six hours later) ... ... ... ... (12 hours later)... ... ...
Try xhamster.
+ 1
Looks like you have qaulified for a job at the SEC. Perhaps it's time for a YouPorn IPO.
Now you know how the crowd must have felt in Paris in 1789 as they bid Louis adieu.
Is this the second(and final) part of the previous article? That nice man with eloquent words resorting to fear-mongering means next stop is... collapse.
Long Gold. Prepare to SHORT Netflix... going to be the SHORT OF THE DECADE!!!
Up 13. How much does that translate in NFLX dollars?
...only ROBO knows 4 sure
Look like Dodd-Frank has had no effect whatsoever. Shorting is going on in the futures, years out:
http://finance.yahoo.com/q/fc?s=GCM11.CMX
How many contracts traded on those 13-16year? some have no trades since June 29
1573.9 looks they are caiming down,nice rally though
Turning on the oxygen for the ride up, in 3..2..1..
Um, have a day, gold.
No counterparty risk Bitchez! Burn you fucking paper, BURN!
Major taxation risk however.
not if I lost it all in a freak boating accident.
I lost all mine in a poker game some time ago. I had 3 Aces after the flop and the other guy had limped in with King/Jack.
I had to go all in
Lost all mine crossing the Potomac to the Potomac crossing...
That's too bad. My dog ran off with all of my K-rands. I know how you feel.
just be thankful that you still have your peas to eat...
Who knows my cost basis?
Without evidence, it's assumed to be zero.
My dad gave me the gift limit every year of my life. How's that?
Never bring paper to a precious metals fight right?
duplicate removed
does that mean that all these 'Hank Paulson' autographs I have are about to be worthless?
are we actually gonna hit 1600 bennybux liek everyone has been clamoring on about for god knows how long?
Gold Holders, governments can and will do anything including the application of 95% taxes to "windfall profits" in gold. After all, only "rich" people buy gold.
Yes and the rich don't pay taxes
At the present moment, profits on Gold and Silver gained thru buying and selling contracts on the Comex; pay simple income tax. Trying to point out what the Comex is for. It's not the Silver store; it's the place where you make dollar profits that you're going to spend, like this Christmas, for instance when my dollar profits will become usable. The IRS taxes all futures trading as simple income; Yes, this might change but it require anouncements and discussions and etc. it won't be a surprise.
This behavior should be monitored :/
Hmmm... maybe the suckers er buyers at the 3yr auction just bought some insurance.
It's my fault. I was testing an algo.
Oxygen........................On & 100%
Crew Communication.....Establish
Your making me feel depressed.
keep warm, burn fiat!
double your fun... Watch 'Hank Paulson' signature burn in effigy while keeping warm!
Get facking in you beauty!
Well the Chinese did not participate in the latest 3Y debt offering which went very smooth... now they now that Ben is a liar
Cue Robo any second now..(groan)....
Clean Diesel Technologies, Inc.(NasdaqCM: CDTI )
Real Time 6.75 2.54 (60.33%) 1:57PM EDT
Makes me wonder should I sit until Friday Close (Paper Cremation Day) and decide if I want to add to the Silver PM's
Gold is the darling today, silver is the ugly stepchild no one wants to deal with ATM.
Looks pretty shiny to me, as I bought all mine at $11-$15.
I tend to "only" look at the Gold/Silver ratio, with gold taking the role of base money... a ratio of above 43 = free silver!
for each ounce of base money, you get more than 43 ounces of silver at the moment!!!!
very soon it will drop back under the comfortable 40, and then lower.
trusty way to look at it
Are those animal spirits in your pants or are you just happy to see me?
OT: Hard line in Finland reaches the top. Presidential candidate and long time politician Paavo Väyrynen wants Finland out of the common "currency", euro. And after-election polls show anti-euro True Finns are now the biggest party in Finland with a wide margin.
Whoops. There goes another French paper currency scheme; Ah, Euro, we hardly knew ye.
Looks like they are throwing gold in the fire to save silver.
Those gotta be some tight shorts, must hurt.
Andrew Maguire, whistle blower on Kingworld News.
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/11_Andrew_Maguire.html
Glad to see you round da blogz. ;-)
RoboTrader- Gentleman Jim sends his condolences and a few complimetary pukin up blood buskits.
I'd expect no less from a gentleman!
lol...fed debates QE3...
And someone got the bead on that who bought a few cheap ounces.
Front running at its finest
Not one comment about selling gold here. Doesn't that scare you guys?
Not skeered...just counting all my gold I bought at $400 and silver from $11. If youre trading gold for a dollar profit, youre a fuking idiot.
No , this website is a magnet for "truthseekers" and therefore youll find the signal:ratio is far clearer than most media outlets. I still get looked at as a madman whenever i bring up Gold with friends , family and coworkers. I work in finance with so called "smart" people who have their fair share of "fiat". And no one owns gold. We're a long way from worrying about gold becomming crowded and frothy.
Gold is ridiculously underpriced given the math involved in the financial markets.
Exactly...when you got your lawn guy giving you advice on gold then be worried
Even worse...
When Joe Lavorgna (soon to be 'your lawn guy') starts giving you advice on gold... Sell & Run for the hills!
We do have one guy popping off about 95% taxes on gold gains.
Must not know you don't pay taxes in the black market. lol
. . . or if you don't sell. Who has gold? The poor? By the time things get hard enough for me to be forced to sell any of my gold, 95+% of the people in the US will have starved to death.
NOPE.
Ain't no one gonna sell. We all will go down with the titanic if they don't allow us to cart the gold onto the lifeboats while shoving those who have only paper out of the way.
What should scare anyone who doesn't have gold/silver is that so many people who pay attention to financial markets and the "news behind the news" all seem to believe the same thing when virtually every mainstream financial pundit out there including the Oracle says gold/silver bugs are nutty.
You TOTALLY miss the point of owning gold.
Selling here is like canceling your insurance policy when there is a wildfire thirty feet from your home, with a wall of flame 50 feet high.
and silver