Gold & Silver Plunge Deja Deja Deja Vu

Tyler Durden's picture


Whether it is leveraged AAPL traders forced to sell winning collateral to meet margin calls, correlation-driven algos running stops down and up, or simply the whims of worried custodians managing risk for their clients' holdings; one thing is sure - someone (or more than one) has been a size seller of precious metals in the US-day-session-open to Europe-close period for four days in a row now...



Charts: Bloomberg

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Fri, 11/16/2012 - 12:03 | 2987958 Bay of Pigs
Bay of Pigs's picture

It almost looks like a pattern?

Fri, 11/16/2012 - 12:08 | 2987971 nope-1004
nope-1004's picture

Real money under attack, yet fiat allowed to multiply.  Gov't ruled by pigs.




Fri, 11/16/2012 - 12:08 | 2987995 ParkAveFlasher
ParkAveFlasher's picture

Still shiny.

Fri, 11/16/2012 - 12:10 | 2988014 mjorden
mjorden's picture

Shiny & Cheap

Fri, 11/16/2012 - 12:13 | 2988031 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Like $32 hookers.

Fri, 11/16/2012 - 12:21 | 2988094 Thomas
Thomas's picture

You might be wrong but you would not be considered imbalanced if you believed that somebody was intentionally monkey hammering the metals.


As an aside, BTFD.

Fri, 11/16/2012 - 12:31 | 2988158 Manthong
Manthong's picture

They can sell all the size in confetti paper that they want.

The day will come when those that trade paper will get pallet loads of it when they try to stand for delivery of the metal that does not exist to cover to the Super Post Panamax boatloads of paper..

Fri, 11/16/2012 - 12:42 | 2988227 BaBaBouy
BaBaBouy's picture

One Word ...


M A N I P U F U C K I N G L A T I O N ...

Fri, 11/16/2012 - 12:45 | 2988242 Coldsun
Coldsun's picture

Good use of tmesis.

Fri, 11/16/2012 - 13:02 | 2988348 tocointhephrase
tocointhephrase's picture

Like MDB was saying yesterday



Fri, 11/16/2012 - 13:04 | 2988358 Kick_the_Kan
Kick_the_Kan's picture

Those fraudsters ruling the gold and silver exchanges are playing directly into the hand of buy the dip eastern buyers. It's getting to the point where they don't even seem to care.....fleece the long specs and keep the gold and silver price under control at all cost.....not alone is it blatant fraud, it is also treachery as there will come a day when the Chinese will make known that they have drained the west of physical gold and silver...then us in the west will be in worse shit then we are now. Everything to protect the mighty fiat dolla. rWell done the bullion banks, backed by the western central banks. May as well just hand over the deeds of the property to the Chinese. While it has allowed people like myself to accumulate cheap metal it is getting fuckin ridiculous at this stage.

Fri, 11/16/2012 - 14:35 | 2988853 Stuart
Stuart's picture

what? R U suggesting a conspiracy??  those aren't real, at least that's what they said on CNBC.......  BEFORE LIBORGATE!   But nooooo,,... they never take place in the precious metals markets.   

Fri, 11/16/2012 - 14:20 | 2988774 TheCanadianAustrian
TheCanadianAustrian's picture

Just placed an order for $4k worth of gold, silver, and platinum maple leafs today.

Fri, 11/16/2012 - 19:56 | 2990097 Big Slick
Big Slick's picture

Pretty!  Especially the leaf side.

Fri, 11/16/2012 - 12:17 | 2988068 GubbermintWorker
GubbermintWorker's picture

And the vast majority of fiat, over 95%, is in digital form! They don't even use paper any longer!

Fri, 11/16/2012 - 13:25 | 2988475 TeamDepends
TeamDepends's picture

Shhhhhhh....  quiet.  The masses are sleeping.

Fri, 11/16/2012 - 14:49 | 2988937 Stoploss
Fri, 11/16/2012 - 12:09 | 2988001 knukles
knukles's picture

Mayhaps one of the bullion banks?
On behalf of some desirous to remain unknown anonymous major non commercial interest with a somewhat politically motivated interest in perceptions management to ensure that no further alarm bells begin shrieking too loudly "As the World Turns" to poop?


all coincidence....

back to work slaves...

Fri, 11/16/2012 - 12:19 | 2988082 disabledvet
disabledvet's picture

There's a lot of...ahem..."productive capacity" Europe and Japan. God I love of a gold standard...and God help me but it does appear we have some derivation there of insofar as the Dollar Bloc goes.

Fri, 11/16/2012 - 12:12 | 2988021 kliguy38
kliguy38's picture

Yes it is.....and I want to take this time to thank uncle Cartel for giving me an extra year to accumulate physical.......once again thank you boyz

Fri, 11/16/2012 - 13:24 | 2988472 TheAntiBen
TheAntiBen's picture

This years winner for "Most helpful US business to US consumers" is..... (drum roll) JPMorgan!!!! for manipulting the markets long enough to [still] allow US consumers to stack physical PM's at a fraction of where they should be.


And this years winner for "Most hurtful US business to US consumers" is..... (drum roll) JPMorgan!!!! for manipulting the markets long enough to allow eastern countries to take all our PM's from our vault's, thereby crashing our economy, or at the least, making our life that much worse when it does happen since the US will be broke...


Congrat's JPMorgan, you've done it again, a WIN in two major categories...



Fri, 11/16/2012 - 12:17 | 2988026 Sunshine n Lollipops
Sunshine n Lollipops's picture

You're crazy, Bay. Or maybe not.......

Fri, 11/16/2012 - 12:13 | 2988035 unwashedmass
unwashedmass's picture


SOMEONE?  i mean, come on. we all know who...we all know why. December should be sumpin else again. 

Fri, 11/16/2012 - 12:04 | 2987961 camaro68ss
camaro68ss's picture

get it as its cheap

Fri, 11/16/2012 - 12:09 | 2987977 hedgeless_horseman
hedgeless_horseman's picture



That is what Michael Dell said.

Down 41% over last 6 months.

Fri, 11/16/2012 - 12:04 | 2987963 Madcow
Madcow's picture

i don't buy the gold price conspiracy stuff.

if the money stock is simply evaporating, then it makes sense that ALL assets will collapse - 

if we can assume that governemnts will stop spending money to reflect the new reality of deflationary collapse - then there's no reason gold should not fall back to $500.

Fri, 11/16/2012 - 12:06 | 2987979 Aziz
Aziz's picture

"if we can assume that governemnts will stop spending money"

Why the hell would you want to assume that? 

Fri, 11/16/2012 - 12:08 | 2987990 flacon
flacon's picture

There is a fine line between zero and infinity. Gold is currently trading at ZERO denominated in ZIMBABWE DOLLARS. It might happen in USA too. 

Fri, 11/16/2012 - 13:37 | 2988549 tocointhephrase
tocointhephrase's picture

And that day cant come too soon

Fri, 11/16/2012 - 20:00 | 2990114 Big Slick
Big Slick's picture

"There is a fine line between zero and infinity."  I have a headache.  Your profundity is making it worse.  :)

Fri, 11/16/2012 - 12:08 | 2987988 fuu
fuu's picture

"if we can assume that governemnts will stop spending money to reflect the new reality of deflationary collapse "



 Ben monetized $3,060,000 since you posted that happy horse shit.

Fri, 11/16/2012 - 15:09 | 2989017 robertocarlos
robertocarlos's picture

What is he doing with it as in that same time period the value of all US housing assets has dropped $4 billion. Your Twinkie factory is worth much much less too. Not to mention any labourer is worth less every single day.

Fri, 11/16/2012 - 16:11 | 2989323 fuu
fuu's picture

None of that stops the spending.

Fri, 11/16/2012 - 12:15 | 2988051 GubbermintWorker
GubbermintWorker's picture

Assume that goverments stop spending money? Benny won't let that happen!  I really see the effects that madcow disease has on thinking ability.

Fri, 11/16/2012 - 12:20 | 2988089 Overfed
Overfed's picture

Governments not spending money.....sure; right after the monkeys start flying out of my butt!!! LOL!!!! ROFLAMO!!!!!!!

Fri, 11/16/2012 - 12:21 | 2988102 Northeaster
Northeaster's picture

"if the money stock is simply evaporating"

I am by no means an expert in all things finance, and I'm aware FRED data did away with M3, but how does this chart show "money stock" evaporating?

While not heavily weighted in PM ownership (physical), I do have it as a portion of my portfolio. I won't sell it, so even if everything turns out well, I just will it to my kids, no big deal, PM's will always have value, regardless of price movement.

I also don't believe our government will do anything significant about the debt/spending. However, I think they can play this game far longer than people realize, but at a tremendous cost.

Or, I have just been trolled.

Fri, 11/16/2012 - 12:35 | 2988185 chubbar
chubbar's picture

Don't put it into your will. Just leave them a note telling them where it is buried. It's none of Uncle Sams business.

Fri, 11/16/2012 - 12:25 | 2988124 Silver Garbage Man
Silver Garbage Man's picture

The only people selling PHYSICAL METAL are people desperate for cash or people who have no idea why they had the metal in the first place.
The day before the election the Dow was worth 420 ounces of silver, today it is worth 388 ounces. That trend will continue.

Fri, 11/16/2012 - 12:47 | 2988261 Harbanger
Harbanger's picture

SLV and GLD ETFs are being sold to cover losses in the market.  That's good news for buyers of physical.

Fri, 11/16/2012 - 16:34 | 2989465 klockwerks
klockwerks's picture

Man madcow, I hope your right and that would be cheap enough for me to jump and buy instead of just silver

Fri, 11/16/2012 - 16:38 | 2989485 TWSceptic
TWSceptic's picture

let's just say you picked the correct nickname

Fri, 11/16/2012 - 12:29 | 2987965 VonManstein
VonManstein's picture

All is well BTFD!

a reversal should be here shorlty. Charts look strong to me and Tech support is remaining support. gold has a $70 IHS Right shoulder being filled in now (if your into that sort of thing)

Fri, 11/16/2012 - 12:06 | 2987973 urbanelf
urbanelf's picture

Fucking reptoids.

Fri, 11/16/2012 - 12:14 | 2988037 knukles
knukles's picture

Annanuki Reptiods...
As was foretold on the Sumerian Tablets as decoded by Zachary Shitchins and properly elucidated upon by David Icke.

(to sarc or not to sarc, that is the question, whether is nobler.....)

Fri, 11/16/2012 - 13:20 | 2988451 Nobody For President
Nobody For President's picture

Oh just stop it Knucks, or arrows and slings will be flung at you.

Fri, 11/16/2012 - 15:39 | 2989142 knukles
knukles's picture

Took me quite a pause to get it....


Fri, 11/16/2012 - 15:12 | 2989022 robertocarlos
robertocarlos's picture

I understand we were genetically engineered and placed on this planet to mine gold for them.

Fri, 11/16/2012 - 15:42 | 2989154 knukles
knukles's picture

Therefore by pure Syllogistic Logic (derived from the Knukleodian term, "Silly", as in if A=B and B=C the A=C and whateverthefuck you want to have happen, happens) then we're here to mine gold for the Central Bankers!

Fri, 11/16/2012 - 12:06 | 2987976 Cognitive Dissonance
Cognitive Dissonance's picture

Taking profits, risk off, fear......whatever plausible excuse they want to use in order to control paper fiat's Kryptonite.

Fri, 11/16/2012 - 12:07 | 2987987 pods
pods's picture

I guess they flash-sold PMs and bought FB stock?

Somebody pinch me, please.


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