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Gold Gone Wild
Following the biggest drop in almost five months, Gold has bounced hard off its 100DMA as it goes vertical - rising the most in two months. Breaking back above $1700, we can only speculate that this cross-asset class ramp is due to rumors that Bernanke is currently in the lead in Ohio... Spot Gold $1715 as we post...
Since the US equity day session, gold has gone parabolic - we suspect in order to lever stocks up to their pre-NFP levels as the correlation-drivers have been very active...
Heading back to recent highs...
Biggest rise in two months...after biggest drop in 5 months...
S&P futures have levitated on this gold strength to peak VWAP levels from Friday pre-NFP...enabling volume to exit
Charts: Bloomberg
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Vertical, bitchez!
That's right bitchez! Look at her go straight up! http://www.pmbull.com/gold-price/
Silver doing it too, only faster and steeper: http://www.pmbull.com/silver-price/
Does this mean Obommer is winning?
Romney supporters pushing equities higher on Romney leading in Ohio rumors, Gold going up up up on Obama and more QE bets, or catastrophe in Europe and US fiscal cliff with Romney win or even just another 10 days of waiting while Ohio has to wait to count provisional ballots if too close on regular ballots today.
Yea, Gold, you take off your top!
Boner time!
Hard assets
Hard Boner Ass time :)
suffer little paper-tards, come unto me
The so-called 'forward-looking" markets are now looking forward to past the election, and the coming debt-ceiling raise. Everyone knows one is coming, and then another.
HSBC sayin' gold going to $1900 by year-end.
http://www.planbeconomics.com/2012/11/05/gold-to-reach-1900-by-year-end-...
If you people believe, as I do, that both the paper market and physical market are controlled by one-the-same, then cheering small gains is akin to cheering every time you car engine starts.
So I guess it depends upon the reliability of either your financial vehicle your automotive vehicle, or belief vehicle, really.
http://www.youtube.com/watch?v=_j56IiLqZ9U,
Buy gold ya hoes.
Yep. TPTB know that Romney will win the election. Kick Bernake out, interest rates go up, collapse begins. I'm with Shadowstats, John Williams now, 20% inflation in 2013.
Velocity bitches.
Yeah, I'm not really sure why the election would be a catalyst for a gold ramp, not sure why "all the sudden" people would awaken the the realization that neither candidate will be able to prevent the collapse (or even come close). Sandy is a good example of what's happening writ large, the commoners are trying to figure out where to get their next meal, gallon of gas, and any kind of source of warmth, while the owners are scoring sushi.
Goldman Sachs:
The vertical ramp has nothing to do with the election, since the gold bullion in the FED's vault in New York got wet thanks to Hurricane Sandy, now that it drying out it is starting to shrink...
You know when it gets wet, you get shrinkage. Especially if you're in the pool.
http://www.youtube.com/watch?v=1cUNNKzj_Nc
Gold has no care who wins because Gold knows both bring the same outcome.
Silver up nearly double percentage wise...up nearly 4% to $32.33!
Either the bullion banks just received word that the Bernanke Obama fix is in, or else Blythe just tripped over her power cord.
http://www.silverdoctors.com/with-all-eyes-on-polls-gold-silver-go-verti...
"Blythe just tripped over her power cord."
LOL
Thanks, I needed that.
Some small sanity in an increasingly uncivil insane world.
I would take a more "holistic" view. This time of truly historic volatility says to me the market is trying to price in a "hanging chad" scenario...the expense of which simply cannot be calculated. "When in doubt buy gold." I'm not sure this nation can handle a fight along the lines of 2000 and "Bush vs Gore"....yet so many are yearning for some type of "spectacle spectacular" I fail to see how...is it they? Us? We?...will be...God forbid..."disappointed." I firmly believe all of us...as citizens....will be firmly "disappointed" if that is the case. Yet sometimes you just can't get in the way of the brawlers...try as you might. I have a default setting of course...there is a war going on and my fanatical devotion to those troops and what they do grows by the hour.
'I'm not sure this nation can handle a fight along the lines of 2000 and "Bush vs Gore"'
Dude, if we have another contested election, it'll make Bush v. Gore look like a slap fight.
I prefer bitchez horizontal.
I prefer Bitchez in any position as long as I'm up.
That must make it really difficult to cook.
I love the smell of burnt shorts in the morning....
I actually like trading fiat for physical, and since I still have some fiat left, I may have to go cold turkey until those shorts come back.
one fucking huge trap today. This is a paper jam up your ass fest folks!
BITCHEZ, BITCHEZ!
Riches, bitchez!
Bitchez, bitchez, bitchez.
Big booty bitchez, bitchez?
http://www.youtube.com/watch?v=nlMpt4ucH2U
And for that, I thank you.
The first of many up $100 days coming soon.
To be honest, I'd be happier if the historical Gold:Silver ratio was re-established. I think this will be the real tell. But again, there is a difference between the physical and paper world. This may simply be paper sloshing around ahead of the coming bond auctions. a true lack of faith and system reset will result in a bidless market, then you won't find physical at any fiat price.
Maybe it will be along the way. This asshole is going to get another term. Amazing. They won't even get the dollar to hang on a few more months under the perception that Romney would have been different.
The Euro craters first, then the dollar!
how many milliseconds will i have between these two trades?
so we have mr bo jangles for 4 more years??
Gold will be gold. Whoever Chairs the Fed has to buy time. I doubt Romney has the stomach for a civil war.
Tanks for the memories...
" I doubt Romney has the stomach for a civil war."
-------------------------------------------------
Then you are not familiar with relatively recent Mormon history. The mormons have been among the most efficient killers and insurer of peace (for their believers anyway) in the west. They do the job right and make sure no survivers or evidence is found. Please, do a little homework.
Mountain Meadows.
Thanks. Why do homework with all the eager beavers around?
What did the Mormons do to be so paranoid, discover a gold mine?
What did they do to get off with a single scape goat execution, give up the gold.
Chilling? 144 (12 x 12) years before 9-11 to the day.
Tin foil chinstrap...ON
we have fiscal clifftoff!
taint over yet folks
It's been mad today.
http://blog.quantsig.net/2012/11/06/goldsilver/
Time to restock after all those canoes went down during Sandy.
dont trust this move but it dont matter...
until Silver is well over $50 per oz im still buyin....
FUCK YOU BERNANKE......
dont trust this move but it dont matter...
until Silver is well over $50 per oz im still buyin....
FUCK YOU BERNANKE... (normally, i don't swear) , but, DOUBLE THAT FOR ME, THAT S.O.B. should be in cuffs.
The 'terror' of Colorado Boulevard...
Well, but soon we might change to:
Fuck you Yellen!
Sounds good as well.
Wicked Witch of the West leagued together with the Wicked Witch of the East to conquer the Land of Oz.
She loves brooms.
According to Fed Salary figures released for 2009, Yellen earned $410,000 that year as San Francisco Fed President, more than twice Chairman Ben Bernanke ($199,700) whose pay is limited by law.
Yellen is Jewish,[9] and is married to George Akerlof, a Nobel prize-winning economist and professor emeritus at the University of California, Berkeley. Her son, Robert Akerlof [10] was a postdoctoral associate in Applied Economics at the MIT Sloan School of Management.[11] He is now an assistant professor at theUniversity of Warwick.[12]
Great time to sell your gold/silver before Romney wins. I sold every piece of paper gold/silver i own on this hockey stick. Thank you whoever.
Pictures or it didn't happen.
Longish bull type here but I have the same inclination.
What dogshit are you peddling again?
Someone buy this kid some paper back, so he can wipe his ass with it when he shits himself.
On Friday it went down in a free fall fashion so it’s normal for that action to be reversed.
However, in the medium term it looks heavy and might keep drifting lower.
With the "Gold Gone Wild" theme and a look at that hockey stick, I'm getting a huge rise in my pants thinking that other people's stupidity CAN pay off!!!
May also be the rebound necessary to establish a solid handle to the cup....
Just sayin'...
Kitco showing strong Loch Ness Monster formations in both gold and silver.
In the lead with Jon Nadler @ Kitco has this little gem: Vedant Mimani, lead portfolio manager of the Atyant Capital Global Opportunities Fund said that “the gold market is [also] beginning to think about when the Fed will change monetary policy and questioning the “validity of the asset reflation thesis. We believe this re-think process is just getting started.”
Oh yeah, the FED will let intrestrates rise and gold will tank... Hahahahahahahahahahahaha Thank you Jon and Vedant, i needed a good laugh :)
Nadler's delusional, self-aggrandizing personality probably thinks "In the lead" means being out in front. To normal people in this case, it reads "In the lead" as in the dull grey, poisonous heavy metal variety.
It seems like his mission is to get people out of gold. Never ever called anyone "a paid schill" but he makes me spend time with the thought ;-)
The algos have been released....
Almost bought puts on GLD yesterday, to hedge a Romney win.
Still think Romney wins tonight. As Peggy Noonan points out today, Romney has been looking like his internal polling shows him the winner while Jug Ears has been looking like he's just going through the motions, knowing he's on his way out of the Big House, to being a slightly more respected Montel on some daytime cable show.
sorry, but i've gotta call you on the 'slightly more respected' part of your comment ....
They are saving up the AAPL ramp job until the last hour of cash trading. Wump wump.
Here comes the "change"...
What does it mean????
Gold Damn it ! This is more fun than examining taint smears under a microscope in a lab coat !
Is it now?
The start of the prophesized divergence between Phyz , and paper futures.
Got Phyz ?
What!!? What the hell is up with this? I was assured by the usual suspects that I could sell my gold at 1700 and buy it back at 1550? What could possibly be behind this move? (other than uncrontrollable, unresolvable debts and deficits, and corresponding massive monetization by every country in the western world, I mean...)
Usually wrong.....no difference this time either.
Thanks CNBC.
Bitchez, look at the action in Treasuries....
Oh Flip, rushed in here coz i thought it was "GIRLS Gone Wild"
...luv those vids/sluts ...maybe next time on ZH.. ho hum :7
Rumor is that the Fed is handing out bundles of $20s outside the polling places -- just a rumor though.
at $40bn a month Bubbles is full-time down on Wall Street with the trucks offloading it on the bankrupt gambling bums ..he won't be coming around the country anytime soon with relief for Main Street, it's not in the nature of parasites to mix with productive people
I believe, IIRC, it might have been Cliff Droke over on Goldseek.com who wrote an interesting analysis earlier this past year about how it was likely that we would see increasing volitility in the gold price as the gold bull market matures into its later stages. The bottomline was that there were likely greater trading opportunities ahead with the growing volitility; provided one isn't too faint of heart:-)
Or Maybe the market has woken up to the fact that no matter who wins the election the dollar is screwed and the deficit will never be reduced and the debt never paid off.
Gold Bitchez!
"due to rumors that Bernanke is currently in the lead in Ohio... Spot Gold $1715 as we post..."
I did not know Bernanke was on the Ohio ballot. Wow.
Translation: Bernanke keeps his job if Obama wins. Remember, Romney promised to fire him.
Yeah, and remember Romney is full of shit.
I live in Ohio....don't want that stinkin schmuck running anything! I thought Sandy had filled the void between his ears and short-circuited what was left of his brain.
FUCK YOU BERNANKE!!!
I think I'll just hold on to thoes cases of goldschlager! I love my $400 ounce gold!
Tyler, we would appreciate it from now on you would please bring a sandwich from home so you can stay in the office during lunch.
Thank you. :)
I was looking at this just as I was about to place an election day order to show some love to my american best friends then saw this shit..
I am half ass thinking Blythe got the "buy silver and gold on election day" memo and took the morning off to cost us all a few extra bucks..
I see it like this.. Mitt wins; more spending , more deficits, and more debt.
Obama wins; more spending , more deficits, and more debt.
Gold wins no matter who is in.
I see it like this...
- Mitt wins & we're in WW3 by next March
- Teleprompter wins & we're forced fed fotos of his 'Wookie' looking wife for 4 more years
This one is really REALLY tough...
I take looking at 'Wookie' over senseless wars anytime. At least nobody has ever died from looking at 'Wookie'.
no to be picking the nits, but it's 'wookiee' :)
also, how dare you insult chewbacca like that?
Oh snap this shit is live right here on ZH
---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy
---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy
---I am not crazy---I am not crazy---I am not crazy---I am not crazy---I am not crazy
Yeah thats it
That's an easy one to figure out.
I wonder if the bond sale went bad?????
heard it drving just a while ago and said Oh no 4 more years
but then I said if Mittens were to win I think the markets would rocket
Who the fuck knows what's going on...
...and that's exactly why I own gold and silver....
And that my friend is exactly why shit sucks and we running outta burrito coverings. No confidence that tomorrow will be better than today.
To the preciousmobile Au Man!
In hindsight, it should be obvious that the manipulation of Gold/Silver was especially heavy before the election so Obama could appear to be holding things together, and now with the campaigning finished, it can be let go a bit.
unless it's a Bull Trap or dead cat bouncing down the stairs
Gold is back @ month open; brent crude is more interesting as it has shot up past it's year open peg price.
Let the cats out the bag once the election bullshit is done & dusted.
Crude is the real story here. Not gold and silver--those doomer metals.
Go go gadget money.
this gold move is the fed and family secretly buying gold for their own accounts when ever the nyfed is in lifting stocks/printing. Gold always tells the truth. Just as I knew all of the pre employment ramp in stocks would collapse because gold wasn't trying to join the luv... here we have confirming that the fed is actively buying stocks today. Nothing more nothing less.
it looks like the top 0.01% are popping the corks on their champaign to congratulate themselves on job well done and looking forward to another 4 years of plundering the economy.
They've been popping corks since they took down JFK
In the end we'll all be happy; Obama, the most of Americans voting for him, Bernanke... and, particularly, the gold bugs.
Go, go, baby, go...
http://bit.ly/sDC07K
Luvz me some Romney, Au, Ag and Pb.
Romney by 7 - it will be a romp and not even close.
What this has to do with gold and silver pop today is beyond me. Gold and silver are the only things to go to now, regardless of which puppet is installed as head Keynesian tool.
...weak hands getting stopped out last week realize that they had just fucked themselves. Next time, use some lubricant.
Meanwhile.....at 33 Liberty St.
http://www.youtube.com/watch?v=sr0gNJ090JA
Beggar Thy Neighbor
Disentanglement is an illuision. Every time Bernanke prints digitally he impoverishes the European periphery, employing the US middle class to do so, under the Fed's monetary employment dictate, and labor has no interest in participating. As far as Canada's real estate bubble, significantly larger than America's per capita, the theory goes that Canada has far greater natural resources per capita to balance it, and Canada, like Switzerland, has a history of pulling out just before implosion reaches its horizon. I wouldn't bet that way. Canada has many decent people remaining, but they are too old to reproduce in the numbers required and the BC critters, like ugly Americans, have been traveling all over the world, flapping their ignorant gums. Employing boomers part-time at $10/hr, and teenage girls to process welfare, is not a plan to reboot. There is no exit for peer groups.
Dorothy Sayers
faithful - and he will be faithful - to the light which he sees so brilliantly. What he sees is the true light - only he does not see it directly, but only its reflection in the mirror of his own brain; and in the end that mirror will twist and distort the reflection.
Philippe-Paul Segur
We said among ourselves as we watched this stubborn, unbending giant wrestle...with the presentment that this first step [of leaving Moscow] would be his ruin...He (Napoleon) dreaded above all to be giving way. Any risk was preferrable to that! (suffering 500,000 casualties)
---
As soon as Simon Peter heard him say, "It is the Lord," he...jumped into the water.
We all know this is just paper/electronic trading right?
Gold in the physical world is being snapped up as fast as they can refine it, not to be seen again for a few years, when the dust has settled on the global currency collapses, and the paper gold market is no more.
These 'price' movments are irrelevant.
the timing and size of the moves tell me oil was/is thedriving force over gold today. JMO
not sure why everybody is going wild (yet) : it all happened several times before.
http://ubuntuone.com/6S0D3nfXOnkA40Bb8huiOY
Incidently, I traced back (I think) this rumor about the gold standard coming back on Jan 2013: I'm told that the Basel 3 rules allow banks to use gold as asset.
watching this move today felt SO FUCKING GOOD bc i am fantasizing about those weeks where gold silver are limit up FOR WEEKS! This was a flash preview. I'm borrowing everything to buy more.
How about negative rates due to end of FDIC insurance on 1.7 TRillions + new pricing of Treasuries based on repo rate. Since artificial demand will be massive due to end of insurance on transactional accounts, the repo rate plunges and hte cost of funding on those new treasuries plunge. Negative short end, steepening curve, bullish for nominal GDP, bullish for true inflation, bearish for long bond, bearish for P/Es, COrporation s cash further tortured. True inflation (nominal wage increase) not necessarily the same as devaluation . Right now wages were indication little increase, while commodities (globally consumed) were indicating high pace of devaluation. The inflation could pick while the devaluation slows down (maybe not against the Yuan).
Gold falls $40 two days ago and is right back to where it started three days ago.
We be living in interesting times.
How 'bout that Dow - up 160 points on sweet FA.
I've been using this ramp to buy some GLD puts and hedge my current physical holdings. If Romney wins I believe gold will fall due to a belief he will institue tighter monetary policy. I'm not saying that is true but it is what many believe. If that plays out I think gold may fall to the 1590-1620 level and I will use any money made with the options to buy more physical since I don't believe there is any stopping the dollar losing its buying power in the future.
If Obama wins or a Romney win doesn't cause gold to fall I will trade back out tomorrow and take whatever losses go with the hedge.
My, Gold has joined the NBA rebound!!
Slam dunk!
this is the start of some very choppy action over the next two months make sure you have your spew bag.
http://www.youtube.com/watch?v=ouDDj6kr1qo
Where are the HSBC algos?
Not a dead cat bounce...