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Gold Tumbles As Same Dedicated Seller Reemerges
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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Maybe China is pumping billions in naked shorts into the market through a proxy. They can then pick up the physical cheap. Later, when there's a call they'll let the proxy default. Sounds like a plan.
You mean, like accumulate the hard asset via paper manipulation, with the express intent of defaulting on the paper obligation at a future date!? But, that would be manipulation! And it wouldn't be very nice! And it would somehow suggest that they aren't looking out for our best interest! I find it hard to believe that they aren't fully dedicated to propping up our outrageously high relative standard of living in perpetuity...
oh dear, ZH can't use its favourite word about gold for a while - 'hyperbolic'.
Gold failing to rise on yesterday's geopolitical event wasn't a good sign.
Gold doesn't move on geopolitical instability anymore - it's become a purely speculative, leveraged paper play (as long as nobody bothers to try and add up the total physical ownership claims against physical metal - of course MF Global's ancient history now...)
Silver holding up quite well despite takedown. Gold already recovered half the earlier losses.
without comment:
World gold demand slips 11 per cent in 3Q on falling investment demand, China slowdownhttp://www.canadianbusiness.com/article/106838--world-gold-demand-slips-...
...The U.S.A Exchange Stabilization Fund.
Learn about it if you do not know and see what it can do and who has their hands on it.
Ps....Fuckm you's tImMy and bEn
"The law does not pretend to punish everything that is dishonest. That would seriously interfere with business." ~ Clarence Darrow
I have a question. If the banks stop loaning money to all corporations, small businesses, private individuals, etc., what will happen to the price of gold?
My guess is that it would take an initial hit and then as panic gives way to clarity it would go straight up. Reason being that people will begin to accept it as payment.
How much taco bell can i get for an OZ of the Gold Stuff??
I know you could eat for a long time on an ounce of gold.
But, a good bet would be to see if someone could eat the equivalent of one ounce of silver's-worth of Taco Bell in one sitting.
That reminds me of the joke - How does a Mexican know it's time for their next meal?
Yes, that's right, his asshole stops burning.
Uncalled for . . . I agree.
Banks already do not loan any money.
No one needs money.
Corps have cash stash and sitting on it in anticipation for the worst to come. No new privately funded projects are in the pipeline as corp do not see consumers to have purchasing power in the next 10-20 years.
No one buys houses.
Small business simply can not borrow due to regulations.
The only thing going up in the future will be each successive monthly deficit
Gold is only going to go up and at some point the dollar will loose its reserve status
Half life of the bullion bankster @$$#01e$' intervention in the cybersilver market - 2 hours.
You figger the brief dip triggered the Chinques', Ruskies', Camel Jockeys' & Injuns', then HFT algos', buy stops. Ahahahaha!
"You just can't print this $#!+ up!"
Don't forget the nips and the guys with the black hats and long curls. OY!
I just didn't want your post to be short on any racist jargon.
WHO IS SELLING? I AM SCARED.
This is fun to beat Algos, at last! They react to the news and enter sell orders. However these Algos are not yet adjusted to today's reality. Humans enter when algos stop selling and then algos start to catch up buying again.
Algos vs Humans 0-1 on Gold and Silver US Market mornings
Way to go Humans!!!
Yesterday was interesting new developments on the market as new decoupling is forming. Equities Down, Commodities Up, Gold Silver UP.
fucking bullshit bitchez!
I thought: fool me once - shame on you, fool me twice - shame on me, fool me thrice Huh? ask Bush Junior ...
Ya think that chart is something,have a look at the crime that just happened in silver......
.....Fuck yous bankers.!!!
Damn it! I missed the first smack, and the second... and the third. I'll be ready tomorrow with my finger on the buy button. C'mon 4th smackdown!
I have gold toothes and some tanished silverwear. I'm rich bitches. and I found a gold pen too. 14 carrots.
Enjoy the teeth (toothes). Most people don't realize that gold in teeth generally is 16 carrots (KT). So, it's 2/3rd pure gold (16/24ths). However, it's a real bitch taking the hammer to the tooth to smash out the gold It just feels creepy, until it gets cashed-in.
I know I'm losing money transferring gold from teeth into coins/bars, but I just don' think it will be easy to buy something with a gold tooth in the future. I'm probably wrong and would probably get me a new generator in the Sandy.
Did I read correctly of one or more commenters criticizing gold? Surely you jest. Below is the annual return for the last twelve (12) years (as of December 31st each year):
2001 — $279.00 (1.97%)
2002 — $348.20 (24.8%)
2003 — $416.10 (19.5%)
2004 — $438.40 (5.35%)
2005 — $518.90 (18.36%)
2006 — $638.00 (22.95%)
2007 — $838.00 (31.34%)
2008 — $889.00 (6.08%)
2009 — $1096.50 (23.34%)
2010 — $1421.40 (29.65%)
2011 — $1566.80 (10.23%)
2012 — $1712.70 (9.31% YTD)
But, did you hedonically adjust those % gains for the falling cost of igadgets and ecrap?
I am just wondering where I was on December 31, 2012 and what I was doing.
what would be the stats of silver vs gold over the same period inverting forward with adjustments for a vat tax of 30% on all inbound goods and services.
Its time to cut entitlement costs by starting a civil war with the government on one side and americans on the other. During this war they can create a housing demand by destroying the available supply with drone strikes
moneky hammered indeed.
what did you expect; they both cracked the weekly handle...
boom goes the dynamite. friday should be the big show if they have bullets left.
HOLD STEADY BITCHEZ!!!
People who buy gold shouldn't care about price since they're buying it for a barter economy/worst case scenario/insurance.
I bought at like 1700 last year and could care less if the dollar denominated value goes to 0. The only thing I'd be mad about is that I could have bought more weight (which matters much more than dollars). If you're being logical, the dollar is a greater liability with a much greater (i.e. inevitable) fate of zero value.
Just saying.
1) the US $ is getting stronger since the selloff on SP DJIA , so Gold ressent it
2) This GOLD index is just an index, an illusion, because you wil NEVER EVER RECEIVE THE GOLD YOU HAVE PAYED FOR IT.
3) If you are SERIOUS you buy coins of gold Silver etc..
4) Gold will shoot up in the street - and not on any index - when the US govt will prohibit its use as a settlement means ( FDR did that in 1933)
5) So you will be able to pay for specific survival expenses in gold silver ONLY when the situation will be lost, catastrophic, then you'd be better armed with a gun and learn how to use it.
6) The real contest is that the State-the Govt.-needs gold and wants YOUR gold .So the FDR prohibition is pretty much in the cards.