• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

A Market Gone Vertically Wild

Tyler Durden's picture


It seems wherever you look today, markets are going vertical. Whether its Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the most wonderfully linear manner - the market has gone a little wild today...


and the month of December for financials...

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Tue, 12/18/2012 - 12:39 | 3074934 Confundido
Confundido's picture

Who the fuck has a finger so big that can play gold against 30-yr tsys??? Is this a simple fight of Fed vs PBOC over their respective assets??

Tue, 12/18/2012 - 12:45 | 3074977 LouisDega
Tue, 12/18/2012 - 12:55 | 3075044 nope-1004
nope-1004's picture

100% criminally corrupted ponzi "market economy". 

Tue, 12/18/2012 - 13:00 | 3075068 john39
john39's picture

just do what the bankers say and no one gets hurt...

Tue, 12/18/2012 - 13:04 | 3075081 trav777
trav777's picture

it's as if millions of silverbugz cried out in terror, and were suddenly blowtorched

Tue, 12/18/2012 - 13:20 | 3075095 Canadian Dirtlump
Canadian Dirtlump's picture

Either that, or they went and bought themselves a christmas present (as I did).

<-- members of the AIDS victims who love Al QUAEDA association.

In other news, Silver eagles sold out for 3 weeks from the US mint.


These natural market forces present buying opportunities.

Tue, 12/18/2012 - 13:26 | 3075153 trav777
trav777's picture

"$50 by next week"

Tue, 12/18/2012 - 13:29 | 3075163 Canadian Dirtlump
Canadian Dirtlump's picture

I don't expect a reverse blow torching yet. I'll know when it comes though, because you and jeffrey christian will be gone in the wind.

Tue, 12/18/2012 - 14:57 | 3075457 ParkAveFlasher
ParkAveFlasher's picture

Jeffrey says "zig", you zag.  Jeffrey says "sell", you buy.  Jeffrey says "down", then "up" is the answer.

--PAF Market Wisdom Koan #1 (free subscriber service only)

Tue, 12/18/2012 - 15:05 | 3075481 Manthong
Manthong's picture

"the market has gone a little wild today..."

um.. don't you mean "feral"?

Tue, 12/18/2012 - 22:06 | 3077199 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

"Everyday low prices!"

Tue, 12/18/2012 - 13:34 | 3075178 Imminent Crucible
Imminent Crucible's picture

$50 by next week

Always the raving optimist. There's no way silver goes above $40 by then. I guess this means Travesty666 didn't buy much silver at $4.50--and really, why would you when the U.S. mint tells you a silver eagle is worth one dollar. Right on the front.

Funny how they don't sell them for a dollar, though. In fact, the mint is all out of SE's until sometime in January. Ain't that strange?

Tue, 12/18/2012 - 13:48 | 3075220 oddjob
oddjob's picture

$200 bbl by next week.

Tue, 12/18/2012 - 13:32 | 3075175 Temporalist
Temporalist's picture

" In November, bullion sales continued their renewed strength, with sales of American Gold and Silver Eagles more than doubling the figures from the year ago period."

Tue, 12/18/2012 - 13:09 | 3075105 LawsofPhysics
LawsofPhysics's picture

Wake me when it drops under $8 an ounce, which is the average cost on my physical holdings.  I won't hold my breath.

Tue, 12/18/2012 - 13:23 | 3075146 SafelyGraze
SafelyGraze's picture

silver eagle .. still one dollar per ounce

says so on the back. guaranteed by the FF&C etc etc

Tue, 12/18/2012 - 15:04 | 3075249 LawsofPhysics
LawsofPhysics's picture

Physical PM's are not an investment (or even money according to the bernanke), they are insurance.  Still believe we won't have capital/price controls or bank runs in the future?  Still believe that PM's won't command greater purchasing power in such an environment.  I guess it works if you ignore history.  Good luck.

Tue, 12/18/2012 - 15:40 | 3075647 Panafrican Funk...
Panafrican Funktron Robot's picture

The gold smackdown is pretty humorous in face of Japan's inflation guarantee vis a vie their recent election.

Tue, 12/18/2012 - 16:19 | 3075847 LawsofPhysics
LawsofPhysics's picture

Indeed, I'll worry about gold when the ten year yield goes above 5%.  Ain't going to happen.

Tue, 12/18/2012 - 13:20 | 3075136 fuu
fuu's picture

Aww look trav needed some attention.

There, there big guy.


Tue, 12/18/2012 - 16:38 | 3075925 laozi
laozi's picture

It is fun though, because he shows up when silver tanks, seemingly just to say he was right. Not much of a discussion as I see it.

Tue, 12/18/2012 - 18:18 | 3076335 fuu
fuu's picture

Since he was banned for most of your 33 weeks you may have missed the fact that he doesn't really have any interest in a conversation.


11,050 posts, not a whole lot of conversation.

Wed, 12/19/2012 - 13:56 | 3079376 laozi
laozi's picture

I have been a reader for much longer than that though. Remember whan trav was always first to comment.

Tue, 12/18/2012 - 13:22 | 3075143 Element
Element's picture

The scale of the move is still not much though.

Tue, 12/18/2012 - 13:49 | 3075224 Long-John-Silver
Long-John-Silver's picture

it's as if millions of silverbugz cried out in terror, and were suddenly blowtorched


It's obvious you've never purchased Gold or Silver. This is actually a clearence sale that we are taking advantage of. I'm still on hold waiting for someone to sell me a few 20 count tubes of Silver Eagles. 

Tue, 12/18/2012 - 14:11 | 3075314 kliguy38
kliguy38's picture

YA THINK??? hehehehhe.....These guys are fochin' with all the peeps trying to mask the fiat devaluation.....Hey, if you dump your gold here then you deserve what comes next, but my guess is the only sellers here are leveraged hedges that have NO idea what the game is and don't kid yourself ...many of the hedges have no idea what they're playing in the gold market....but they'll learn.

Tue, 12/18/2012 - 15:45 | 3075673 Mad Mohel
Mad Mohel's picture

I hope the motherfuckers have offices with windows when what you're predicting actually happens.

Tue, 12/18/2012 - 12:56 | 3075052 SilverIsKing
SilverIsKing's picture

Maybe the Mayans were right

Tue, 12/18/2012 - 12:52 | 3075024 slaughterer
slaughterer's picture

GLD, SLV, RGR, SWHC, TZA, FAZ-- the entire ZH portfolio of prepper doom'n'gloom is getting "blowtorched" as Robo would say.  

Tue, 12/18/2012 - 13:07 | 3075089 john39
john39's picture

no real prepper would buy paper silver or gold.

Tue, 12/18/2012 - 13:19 | 3075126 LawsofPhysics
LawsofPhysics's picture

Blowtorched?  LMFAO!  Wake me when it drops under $300 for gold and $8 for silver, which is the average cost on my physical holdings.  I won't hold my breath.

Tue, 12/18/2012 - 13:40 | 3075193 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

So no purchases post-2002 for physical gold and post-2005 for physical silver?

Tue, 12/18/2012 - 14:00 | 3075256 LawsofPhysics
LawsofPhysics's picture

Correct.  Last purchase was made as I moved my operation out of california in early 2001.  I really don't know how any of these small business operators (especially those carrying debt with high commodity inputs) are surviving.  Hat's off to these people.

Tue, 12/18/2012 - 14:24 | 3075353 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Your purchases of physical metals were obviously prescient, but I'm curious why you refrained from additional purchases over the past 12 years.  Is it a function of (1) the price of physical metals became unattractive in fiat terms; and / or (2) all excess capital generated was reinvested in your business; and / or (3) you had secured a sufficient level of insurance by 2001 so there was no need to make any additional purchases of physical metals?

Tue, 12/18/2012 - 15:21 | 3075483 LawsofPhysics
LawsofPhysics's picture

"(1) the price of physical metals became unattractive in fiat terms;"  -  Yes, had some paper gold too, sold that for large equipment purchases.  

" (2) all excess capital generated was reinvested in your business;" -- physical PMs don't generate anything, they just sit there and shine.  Don't think of this as a bad thing, if the bank is concerned about any remaining notes I have, I will be happy to lease them some gold while maintaining possession.  Should it look like I can't reasonably defend such a position I hope no "boating accidents" occur.  After all, should we go full retard and abandon all laws entirely, possession will be the law.

"(3) you had secured a sufficient level of insurance by 2001 so there was no need to make any additional purchases of physical metals?"  --  This is a tough one to answer since we live in a mark to fantasy world.  How does one "have enough insurance" when a meteor could very well end it all tomorrow?  The real insurance you have can be found in your skillset, then that of your immediate family, friends, and employees.

Wed, 12/19/2012 - 02:14 | 3077704 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

this fucking LoP is actually fucking saying that i) he has a stash; ii) He's on some territory where "equipment" is valuable; iii)  he had his hedge by 2001.  

WTF LoP?  Think anyone will either believe or adore you bro? 

Tue, 12/18/2012 - 14:14 | 3075328 kliguy38
kliguy38's picture

Love it too....blowtorch it to hell.....I'd love to buy more if they can bring it below 1600......but I bet they don't get it there.......alas I can hope...more importantly I'd love to see silver sub 30 but bet it doesnt break it.......but I can hope. BUY PHYSICAL BITCHEZ

Tue, 12/18/2012 - 21:54 | 3077162 Xanadu_doo
Xanadu_doo's picture

The real question is: an oz of gold or a nice AR while you can still egt them?


(it's a serious question...)

Tue, 12/18/2012 - 22:13 | 3077219 fuu
fuu's picture

AR then gold.

Tue, 12/18/2012 - 13:23 | 3075147 fuu
fuu's picture

Aww you needed a hug too huh?


Tue, 12/18/2012 - 12:52 | 3075028 CPL
CPL's picture

People that know that the USD is worthless as of today and are scrambling to move into a postion away from US assets, equities and price lines to stay alive in two weeks?


Because that's what I heard with plan B.  Get out while you can.

Tue, 12/18/2012 - 13:08 | 3075098 Papasmurf
Papasmurf's picture

You may be holding your chart upside down.

Tue, 12/18/2012 - 12:53 | 3075030 Imminent Crucible
Imminent Crucible's picture

Markets gone VERTICAL!!

Isn't the rhetoric getting a bit overheated here? Gold's off about 20 bucks, silver down 35 cents, oil is up less than a buck.  Must be a really slow day for market news.

If I was looking at a refrig/freezer combo for $1698, and the store said, "Big sale today only! Take $20 off and pay only $1678!" ....how excited would you want me to get?

I mean, really. BTID: Buy The Inconsequential Dip.

Tue, 12/18/2012 - 12:58 | 3075061 Samsonov
Samsonov's picture

Short term treasury holders are getting their faces ripped off....SHY down 0.03% today!

Tue, 12/18/2012 - 13:00 | 3075069 Spastica Rex
Spastica Rex's picture

Please - hyperventilate, or GTFO.

Tue, 12/18/2012 - 13:00 | 3075064 CH1
CH1's picture

Once again... There are no markets.

All of it is manipulated continuously. Even physical metals are manipulated because the quoted prices are for paper PM contracts.

This WILL eventually fall apart. Wish I knew when and how.

Tue, 12/18/2012 - 13:29 | 3075165 Imminent Crucible
Imminent Crucible's picture

HEY! This is America. We don't want to hear a bunch of reality. Just take a Klonopin and turn on the fireplace video.

Tue, 12/18/2012 - 14:53 | 3075444 catacl1sm
catacl1sm's picture

+1 for Klonopin!

Tue, 12/18/2012 - 13:34 | 3075180 SmallerGovNow2
SmallerGovNow2's picture

Until then CH1, every smack down is an opportunity to keep on stackin....

Tue, 12/18/2012 - 13:54 | 3075241 Raymond Reason
Raymond Reason's picture

This is engineered as part of the gift exchange following the lighting of the last candle of Hanukkah. 

Do NOT follow this link or you will be banned from the site!