WSJ Reports Soros, Burbank Selling Gold, Silver, While Paulson Sees Gold Hitting $4,000 In Three Years

Tyler Durden's picture

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What does it all mean's picture

I thought everyone bought Silver...

flacon's picture

I thought George Soros just finished his Bretton Woods (III) meeting with the notion that GOLD would play an important part in the New World Order (II) global currency. 

dlmaniac's picture

Whatever amount Soros wanna sell will fall right into the wide open dragon mouth known as "Beijing Put" rumored to be 3 Trillion Dollars deep.


Seriously it smells like the similar FT disinformation in January about mining companies hedging their products during that correction to throw weak hands off.

Michael's picture


I just can believe how stupid our government thinks we are.

You can buy a 1080P video camcorder for under $1000.

The government has the best recording equipment money can buy.

Nothing will satisfy me on OBL's death except a 1080P video of the dead body of Osama Bin Laden.

Sony Handycam HDR-CX560V Camcorder - 1080p - 6.65 MP,or.r_gc.r_pw.&biw=1570&bih=671&wrapid=tlif130449598659110&um=1&ie=UTF-8&cid=15326852350998949199&sa=X&ei=fwfBTcSSJuSQ0QHK-cC3Cg&ved=0CFwQ8wIwBA#


BigJim's picture

Yup, that is OT.

They can't release the video yet.. they're still scrubbing the bits that show OBL welcoming them in and offering them tea, and saying "But Obama told me you'd be dropping my meds off tomorrow"

Old. No. 7's picture

Not really off topic. It's all one giant bullshit factory. They need a bullshit ETF.

sun tzu's picture

This whole scam is like a bad comedy. Now the story is that they killed him, flew his body to Afghanistan by chopper, then flew his body by chopper to the aircraft carrier. Somehow they were able to get a DNA sample to Washington DC within the same day from half way around the world and have it tested and confirmed. A flight from Afghanistan is 15 hours.

Then of course they had to follow Muslim tradition by giving him a burial within 24 hours, so they dumped his body in the ocean. Now all the Muslim scholars are saying it is against Muslim tradition to dump a body in the ocean unless the person died at sea. So they change their story to say that they didn't want to give him a proper burial because the site might become a shrine for terrorists. So they have to give him a proper Muslim burial to avoid offending Muslims, but they offended Muslims by dumping him in the ocean?They could have easily put him in an unmarked grave in the Afghan desert. 

To top it off, we are told that 4 choppers full of SEALs landed near the compound. A police station is down the street. An Pakistani military academy is nearby. No one responds to the vicous firefight happening nearby. Then we're told that the Pakistanis were not informed of the raid. The US government is now demanding that Pakistan explain why OBL was allowed to go undetected for 6 year in the compound. 

This ignores all the other inconsistencies in the OBL myth. He was supposedly deathly ill will kidney failure back in 1998. There were newspaper stories from the late 90's and soon after 9-11 about how he needed regular hospital visits for dialysis. 

LudwigVon's picture

disinformation ... Seriously it smells ... throw weak hands off.


something tells us ... tendency to buy as its sellside say sell ... we would rather hold off 


JPDG's picture

Is Soros selling physical?  

Hell, I'll buy as much as I can at these prices!  I'll even give him $1.50 over spot!

Spitzer's picture

He never purchased any physical. He is selling paper silver. This is bullish for real silver because he is probably dumping paper, which drives the price of phsical down so that he can get physical at lower prices.

One of these days, the SLV will be crashing while premiums on physical go insane.

RichyRoo's picture

Is it possible that insiders know COMEX is about to default, and so are getting rid of soon to be worthless paper silver? Is anyone aware of anyone selling large amounts of actual metal?

tmosley's picture

Good hypothesis.

This is what I am thinking now as well.  The paper pushers are changing the rules as fast as their little pens can cross paper, so everyone is abandoning the paper ship and pouring into physical.

As such, spot price is unlikely to recover.  Rather, the recovery will come in the form of constantly increasing premiums on real, physical silver, or the metal will simply disappear.

strannick's picture

Whats the most unreliable?

A) Soros


C) US$

D) Gold/Silver

cossack55's picture

May we choose more than one?

Harlequin001's picture

Has anything changed that might cause gold and silver to sell off?

I think not...

falak pema's picture

we are in mini-deflation fed roller coaster as QE end is now being priced into assets/commodity future price trends. The MENA uncertainty factor also now heading down as OBL's demise and q-daffy problem are now pointing to stabilising summer heat there...apart from Syria and Iran...So the roller will move...

mogul rider's picture

richyroo my friend you win the crackerjack prize for the best comment this week. The weiners yap about silver up etc.

But why is it going up or going down?

It can't go up to the big numbers till the big boys say so. This rise was chump change. To the little guy it's mesmerizing, to the big boys it's a rounding error.

The parabolic caught them offguard so now they are simply re-adjusting and flipping over. After draining AAPL and NTFLX for eveyr last nickel they will scare you out of your positons. 


Very close to your idea with an added twist or two.

You folks really didn't think you'd get all the cash did you. Think like  banker my dad used to say. Now you know why

Well done.


Note that the hedgies were wiped out in 2008 selling into the fall to get liquidity for the margin calls. We are almost there again. The margin calls will be in play again.

Just watch over the next few months as the banksters bring hte house down again.

IMHO of course

Citxmech's picture

Already happening - Maples at my normal dealer are still $49ea. for some reason - hmmmm....

Time to visit the local shops and btfd.

GetZeeGold's picture


Gold is the ultimate bubble said spooky dude.....right before he bought it.


If George is selling....I'm buying.


We're not in the first grade anymore George. Your Jedi mind tricks won't even fool a Cub Scout.





TruthInSunshine's picture

Everyone assumes the U.S. is printing fiat like mad via the Federal Reserve borrowing 'lending' programs known as QE1 & QE2, and in at least one metric, they are correct: Bernanke buys treasury bonds in the secondary market from primary dealers, as Bernanke is forbidden from buying them directly from the Treasury by law.

This is essentially a loan of money to the U.S. Treasury from the Federal Reserve, which Congress delegated (essentially) its money printing/coinage function to.

However, not everyone equates this with 'money printing,' as much of what the Fed is buying is longer duration maturity treasuries, which are going to be more than a little difficult to sell with interest rates on most treasuries having risen since the bulk of this buying was done by Bernanke.

Regardless, I will leave that debate for another day (I have opined that ZIRP is far more responsible for soaring commodity prices and inflationary expectations in the future than QE ever was, and that ZIRP is the elephant in the room that no one seems to acknowledge).

But why did Paulson state (paraphrasing the Wall Street Criminal-Journal) that the UK is flooding their system with currency? That's basically and essentially the opposite of my understanding, and the reason why Paul Krugman, economist/Keynesian/Sock Puppet extraordinaire has been mocking the U.K.'s "austerity measures."

Something in this article is so out of place that is damns the credibility of the reporter, if not the WSJ (foregone conclusion when you have Federal Reserve moles and weasels like Hilsenrath on Fed Payola).

Math Man's picture

The Sept 130 puts on GLD are REALLY cheap.


20 implied vol.


Twindrives's picture

Soros, like Buffett and Munger, can shit and fall back into it.   Just die already you greedy old dinosaurs.   The world will do fine without your  hypocrisy and egos.  

DK Delta's picture

Soros is notorious for talking his book. I wouldn't trust any of these rumors either way.

Id fight Gandhi's picture

Never trust him. Trade the opposite,

Phillips Capital's picture

exactly. negative psychology (or whatever the term is.)


he already sold and sees no need to sell more at this low of a price. buying time. 

CitizenPete's picture

Something very very big is going down.

DoChenRollingBearing's picture

I feel the same way...

I sure am glad I am up to 12% of my assets in PMs, mostly gold.  And I am not selling.  I will quietly give it away to my kid (or grandkids in the future?).

Something wicked this way comes.


Res pubblica mortuus est.  Vivat imperium.

topcallingtroll's picture

It is an easy way to avoid probate and creditors.

DoChenRollingBearing's picture

top, thank God I have no creditors...

Credit is dangerous...

You should know that YOU are one of my favorite ZH friends here...

The Navigator's picture

"Credit is dangerous"

Agreed - unless one could time it to buy physical on credit, have hyper-inflation go to 2,000%, and then pay the banksters back with Zimbabwe dollars after some months use of their monopoly money. Thus real estate seems appealing at this time.

Problem is timing, which I never seem to get the timing right. But with silver, I got lucky - started in 2007 and still buying every other week.

With Soros, I don't believe a word he says - Jim Rogers, Marc Faber, I listen to.

Popo's picture

Credit is dangerous?   You don't sound much like an inflationist.

falak pema's picture

If credit is dangerous then the USA will name White house address as ...downing street!

And appoint Ben as head lawns-man!

rufusbird's picture

Soros tells you to listen to him. Jim and Marc asks you to listen to what they are saying.

Transformer's picture

I too, feel the cold wind of an approaching evil.  Something is about to happen.  Everything is on the verge.  Bonds, the dollar, MENA, Piigs, you name it.  In the past, when a big event is coming that will cause some markets to explode, prices seem to run down ahead of time, I guess to get the weak hands out.

Popo's picture

IMHO, the market is about to shit the bed.   Gold and silver too.    The powers that be can't afford to see bucky get hammered any lower and they need to scare some money back into it.

Watch for liquidity to vanish overnight, and then bucky will get wood.   It's an old game.

sun tzu's picture

Liquidity vanishes and everything crashes. Can TPTB afford that? The problem with releasing a tidal waves is that you can't control where the water goes

JW n FL's picture

No matter what the shake down is.. being physical and mobile, able to get the fuck outa dodge.. is FUCING PRICELESS!!


Who said you cant take it with you?


back to your point, sorry! having real tangibles.. gold / silver will always spend no matter what fast one they try to pull on "We the People" this time around! I am expecting a doosie! of a show!

JW n FL's picture FBI Don’t Need No Stinking Warrants! Personal / Civil Rights are a thing of the past!


"Unfortunately, the PATRIOT Act did Not! Include Checks to PROTECT! Americans” Senator R. Durbin (IL)  

U.S. Army Pys Ops Verse U.S. Congressmen & Senators Senator Al Franken asks Apple why the IPhone Tracks its Users EVERY MOVE! Even while the Phone is OFF!


Senate trying to hide Campaign Contribution Monies from Government (Military) Contractors with the Argument “Free Speech” LMFAO!!


Home Land Security & the F.B.I. are concentrating on PlayStation Hackers! Wonder why? Lobby $'s!!



********************************************************************************* Miami Metro Dade Police Predator Drone on Patrol & coming to a City near YOU! NEXT! (YouTube Video) Why does the military train to rescue bankers?

falak pema's picture

JW everything you say is valid provided : you can hold on to physical for 4-5 years all through the paradigm change shit storm coming with USD demise as SOLE reserve currency. This will be awesome as the US Oligarchy will fight tooth and nail to maintain a lion's share of the net worth in the new currency mix, which will be a real bummer to negotiate with King Yuan!

legal eagle's picture

Yes, it is called our Centralized Planned Economy.

sterman7's picture

Here Here.  Just took delivery of some Tears of the moon.  Sooo pretty!

AmazingLarry's picture

I'm long fine Italian suits. It's the only thing real anymore. 

Popo's picture

..and in 10 years you'll have a fascinating collection of funny, retro-looking costumes.

Moe Howard's picture

I'm long Members Only jackets. Do you have any idea how many colors were produced?

Big Corked Boots's picture

At least they looked good. I'm long J. Peterman dusters. Cowboy up.

tarsubil's picture

Thanks, now I have coffee all over myself. I'm going to reak like coffee all day.

TruthInSunshine's picture
by Moe Howard
on Wed, 05/04/2011 - 06:34

I'm long Members Only jackets. Do you have any idea how many colors were produced?

by Big Corked Boots
on Wed, 05/04/2011 - 06:56


At least they looked good. I'm long J. Peterman dusters. Cowboy up.