Gold Tumbles As Same Dedicated Seller Reemerges

Tyler Durden's picture


For the third day in a row, gold and silver are being monkey-hammered at the open of the US equity market day session. Whether this is margin calls mounting or a dedicated 'hedger of client portfolios' is unclear, but fool me once - shame on you, fool me twice - shame on me, fool me thrice - ask Janet Yellen...


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Thu, 11/15/2012 - 10:56 | 2983914 adamas
adamas's picture

fucking twats


Thu, 11/15/2012 - 10:57 | 2983923 ParkAveFlasher
ParkAveFlasher's picture

Still shiny.

Thu, 11/15/2012 - 10:59 | 2983928 Enslavethechild...
EnslavethechildrenforBen's picture


Thu, 11/15/2012 - 11:01 | 2983939 icanhasbailout
icanhasbailout's picture

sold to me

Thu, 11/15/2012 - 11:05 | 2983954 GetZeeGold
GetZeeGold's picture



Thanks for the blue light special Ben Shalom!


The boys in China are absolutely going to be giddy!

Thu, 11/15/2012 - 11:07 | 2983975 MillionDollarBonus_
MillionDollarBonus_'s picture

This article is typical of the goldbug and silverbug conspiracy theorists. Whenever the lose money betting on gold futures or crazy doomer gold stocks, they invent a conspiracy theory to explain their consistently shocking trading performance. It is both amusing and sad to see immature goldbug conspiracists obsess over 'manipulation', when in reality they are simply pathetic amateurs with no real economic or financial knowledge or experience.

Thu, 11/15/2012 - 11:08 | 2983978 fuu
fuu's picture

You should just schtick to posting comments that consist entirely of punctuation.

Thu, 11/15/2012 - 11:15 | 2984008 Nothing To See Here
Nothing To See Here's picture


Thu, 11/15/2012 - 11:39 | 2984130 Enslavethechild...
EnslavethechildrenforBen's picture

Ancient relic, tradition, bla bla bla...

Gold took the number one position in our perfect monetary system before it was taken away from us by Franklin D Roosevelt in 1934

Fuck you MDB

Thu, 11/15/2012 - 11:41 | 2984152 imaginalis
imaginalis's picture

Gold not being sold here - just more Ponzi paper printed. CTRL-PPP

Thu, 11/15/2012 - 12:09 | 2984284 MsCreant
MsCreant's picture

Is there a "Control Ponzi" key on the keyboard at the Fed?

Thu, 11/15/2012 - 12:30 | 2984359 BaBaBouy
BaBaBouy's picture

Hehehe Shalom Shalom Shalom from Tel Aviv Central command...

Thu, 11/15/2012 - 17:54 | 2985796 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

"Good doing business with you", from China

Thu, 11/15/2012 - 15:07 | 2985070 TomJoad
TomJoad's picture

I nominate this as "post of the month."


Thu, 11/15/2012 - 12:11 | 2984287 Bay of Pigs
Bay of Pigs's picture

MDB sounds exactly like Robot Trader today. Duel sock puppets?

Got to mix it Tyler(s). Haha...

Thu, 11/15/2012 - 11:09 | 2983982 Pladizow
Pladizow's picture

Whats even more sad then a goldbug, is a goldbug troll!

Thu, 11/15/2012 - 11:24 | 2984072 GetZeeGold
GetZeeGold's picture



They should keep their open opulence in the closet.

Thu, 11/15/2012 - 12:12 | 2984293 El Viejo
El Viejo's picture

Or those that don't get MDB's humor.

Thu, 11/15/2012 - 14:12 | 2984804 Jack Napier
Jack Napier's picture

If being a dumbshit troll is funny you guys must be high. Anybody with a 3rd grade education can see the intended humor. Intended being the key word.

Thu, 11/15/2012 - 15:57 | 2985291 NoTTD
NoTTD's picture

We are high.  Well,most of us.

Thu, 11/15/2012 - 11:13 | 2984002 newworldorder
newworldorder's picture

thought you were the best sarcastic comedian on this site MDB, but you are getting way over the top with your daily stich. How about a dose of reality sometime.

Thu, 11/15/2012 - 12:14 | 2984304 El Viejo
El Viejo's picture

He's so far from home he lost his identity.

Thu, 11/15/2012 - 11:16 | 2984021 unwashedmass
unwashedmass's picture


I'd love to do this sort of work too for the Cartel....can you tell me how to get in touch with the guys who pay you to monitor the message boards and post the counter attack and dis the gold/silver bugs? 

Thu, 11/15/2012 - 11:19 | 2984041 caimen garou
caimen garou's picture

about like the  fools trying to hold the dow up on shitty economic news,after that unemployment report the dow should be tanking! million dollar asshole!

Thu, 11/15/2012 - 11:21 | 2984051 deKevelioc
deKevelioc's picture

I've been trying to warn others of Bill Gross' amateurish strategy of wealth preservation, but no one will listen.  He's become a gold chump, too.  Who would have thought that?  And that Jim Rogers, he hasn't made a plug nickel with his gold holdings.  Please, someone tell the Europeans that there are millions of suckers looking to buy some gold, but these central bankers won't sell their 10,000 tons.  Those Germans are sure stupid to insist on an audit of their gold at the NY Fed.  Why bother?

Thu, 11/15/2012 - 13:06 | 2984516 TheCanadianAustrian
TheCanadianAustrian's picture

I generally appreciate your schtick, but you need to be more funny than this.

Thu, 11/15/2012 - 13:58 | 2984735 The Continental
The Continental's picture

Before this economic crisis is over, you will prostrate yourself before gold and beg for forgiveness. So it is written. So it will be done.

Thu, 11/15/2012 - 16:14 | 2985391 Catflappo
Catflappo's picture

What part of gold rallying six-fold over the past decade is a "consistently shocking trading performance"?

Thu, 11/15/2012 - 23:04 | 2986635 Mareka
Mareka's picture

MDB, Your ability to bait others on this site into responding to your drivel is unmatched.  You are indeed the master-baiter.

Thu, 11/15/2012 - 11:08 | 2983976 Pladizow
Pladizow's picture

Say, "Thank you, may I have another." and stackem' bitches!

Thu, 11/15/2012 - 11:06 | 2983961 unwashedmass
unwashedmass's picture

hey let's not look a gift stocks now selling for less than 1 P/B -- AUQ, CGR, GSS, HMY JAG, KBX, KGC, KGJI, LSG, TLR. Silver --- CDE. 

Thu, 11/15/2012 - 11:07 | 2983969 unwashedmass
unwashedmass's picture
gold stocks with Divy's over 3% --- GFI, GORO< NEM.  GORO is now close to 5% divy. 
Thu, 11/15/2012 - 11:45 | 2984174 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

Fret not.


In the Hope Camps, people will gladly trade their gold and silver for a pouch of protein-gel.  You can collect it by the barrelful!


Until the screws find out and send your gold to Fed Island, and turn off your chip.


Then you'll be fucked.


In the shorter term, I'm just going to invest in Twizzlers.   I adore Twizzlers, mate.

Thu, 11/15/2012 - 15:58 | 2985298 NoTTD
NoTTD's picture

Twizzlers for all! (Not those fucking Redvines, either.)

Thu, 11/15/2012 - 11:54 | 2984220 monkeyboy
monkeyboy's picture

Who's Janet Yellen and what should I ask her?


Will she answer?!?!?

Thu, 11/15/2012 - 14:46 | 2984966 Bohm Squad
Bohm Squad's picture

Here you go.

Thu, 11/15/2012 - 14:16 | 2984819 lasvegaspersona
lasvegaspersona's picture

something about gold, Larry Summers and Gibson's paradox...haven't quite figured it out yet but the smoke is clearing slowly

Thu, 11/15/2012 - 10:56 | 2983915 Pool Shark
Pool Shark's picture



Buy the dips!

 Oh... and:  GOLD BITCHEZ!!!


Thu, 11/15/2012 - 10:59 | 2983930 Urban Redneck
Urban Redneck's picture

Actually that's usually the explicit purpose of beating down the price.

Thu, 11/15/2012 - 11:14 | 2984011 BobPaulson
BobPaulson's picture

Question out of true ignorance here: Is is actually possible to shank the price with naked shorts or whatever, then actually buy back in a coordinated way quick enough that your buys for a higher volume all go through on the same lowered price? If you could actually do this, it seems like a perpetual motion machine.

My understanding is that if you want to flood back in to buy that you can't do it quick enough to make money. This is why the HFT issue is such a sore point, because it allows one to tinker with the tiny changes, second by second, to parasitically steal a bit of profit on the instantaneous arb you create by putting up all the bids that you don't act on.

Flame away if I don't know what I'm talking about. I'm due for a schooling from some of you guys who day trade.

Thu, 11/15/2012 - 11:34 | 2984098 Urban Redneck
Urban Redneck's picture

short quickly, cover slowly

you need "time" for bids & offers to re-enter the market and absorb your volume without creating the price volatility

but since my experience is pre-HFT who knows what "time" is these days


edit: that's agnostic as to intention- a FED lackey trying to surpress PMs would behave exactly the same as a whale trying to acquire PMs, the only difference would be the net of short and long trades.

Thu, 11/15/2012 - 11:35 | 2984122 tmosley
tmosley's picture

The secret is to not care about your company or clients, and use their money (OPM) to do the shorting, then buy with your own money, or that of your REAL clients.

Works even better if you have a Fed backstop and/or mandate.

Thu, 11/15/2012 - 11:48 | 2984186 ParkAveFlasher
ParkAveFlasher's picture

BP: yes, it's possible.  Jim Sinclair covered this recently.  If you have two massive entities coordinating buys and sells, you have a price control cartel that profits at any price at the expense of all those other entities participating in the market not in like cartel.

Thu, 11/15/2012 - 12:57 | 2984461 disabledvet
disabledvet's picture

That's why I have a hard time with "our media." Same seller? You mean same MANIPULATOR. Why would Government want a low price of anything? Certainly not gold. Certainly not Wall Street. Sure "and all equities plunge to zero" and "ashes ashes, we all fall down." But unless we have a gold standard it's all the same game: manipulation for the purpose of this case the usual inanity. PRICES. What is forgotten in all this is "what if the item no longer exists?" Gold...sure love fest here. But how about 5 gallons of gasoline? Or a taxpayer?

Thu, 11/15/2012 - 14:28 | 2984874 prodigious_idea
prodigious_idea's picture

Hard to imagine the capital and orchestration necessary to manipulate the spread such that your "round trip" transaction is profitable in anything but a very thin market, which isn't likely the case when the price moves by any material amount.

Thu, 11/15/2012 - 14:47 | 2984967 Temporalist
Temporalist's picture

The purpose is to short enough to force selling (drop the price) from hfts and stop orders which increase the momentum and then they can buy back in at a price below their own (older) targets.


As an analogy, they initiate the snowball rolling down hill and get out of the way as it gathers mass only to reverse course once they are in the clear (the clear being their dated shorts and the initial push being new naked shorts).

Thu, 11/15/2012 - 11:35 | 2984120 Marigold
Marigold's picture


Thu, 11/15/2012 - 10:56 | 2983917 dwdollar
dwdollar's picture

If first you don't succeed...

Thu, 11/15/2012 - 10:57 | 2983921 LawsofPhysics
LawsofPhysics's picture

Paper casio being run by a desparate house that has become accustom to always winning.

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