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A Market Gone Vertically Wild
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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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??
Everyone knows the answer is Fred Flintstone
http://blogs.villagevoice.com/runninscared/Vinci_14_FatFinger-791616.jpg
100% criminally corrupted ponzi "market economy".
just do what the bankers say and no one gets hurt...
it's as if millions of silverbugz cried out in terror, and were suddenly blowtorched
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.
http://news.coinupdate.com/us-mint-sold-out-of-silver-eagle-bullion-coin...
These natural market forces present buying opportunities.
"$50 by next week"
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.
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)
"the market has gone a little wild today..."
um.. don't you mean "feral"?
"Everyday low prices!"
$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?
$200 bbl by next week.
" 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."
Wake me when it drops under $8 an ounce, which is the average cost on my physical holdings. I won't hold my breath.
silver eagle .. still one dollar per ounce
says so on the back. guaranteed by the FF&C etc etc
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.
The gold smackdown is pretty humorous in face of Japan's inflation guarantee vis a vie their recent election.
Indeed, I'll worry about gold when the ten year yield goes above 5%. Ain't going to happen.
Aww look trav needed some attention.
There, there big guy.
<huggles>
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.
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.
http://www.zerohedge.com/search/user_comments?name=trav7777
11,050 posts, not a whole lot of conversation.
I have been a reader for much longer than that though. Remember whan trav was always first to comment.
The scale of the move is still not much though.
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.
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.
I hope the motherfuckers have offices with windows when what you're predicting actually happens.
Maybe the Mayans were right
GLD, SLV, RGR, SWHC, TZA, FAZ-- the entire ZH portfolio of prepper doom'n'gloom is getting "blowtorched" as Robo would say.
no real prepper would buy paper silver or gold.
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.
So no purchases post-2002 for physical gold and post-2005 for physical silver?
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.
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?
"(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.
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?
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
The real question is: an oz of gold or a nice AR while you can still egt them?
(it's a serious question...)
AR then gold.
Aww you needed a hug too huh?
<huggles>
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.
You may be holding your chart upside down.
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.
Short term treasury holders are getting their faces ripped off....SHY down 0.03% today!
Please - hyperventilate, or GTFO.
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.
HEY! This is America. We don't want to hear a bunch of reality. Just take a Klonopin and turn on the fireplace video.
+1 for Klonopin!
Until then CH1, every smack down is an opportunity to keep on stackin....
This is engineered as part of the gift exchange following the lighting of the last candle of Hanukkah.
Don't worry guys - in the future we'll have an APR of 25.9% - so says "Total Recall" (2012).
http://goo.gl/hBt4y
And Apple will be reduced to selling security scanners after Android kicks their asses:
http://goo.gl/jiDNU
Good opportunity to buy puts.
Are you still clinging to that thesis?
You're gonna say the same when SP is +20% from here?
Buy ANYTHING BUT paper as long as the paper you still have, buys you something tangible.
Long, short equities .. it's all bullshit. A mirage. We're in hyper drive approaching the end of the paper orgy. It's all bad out there and is getting worse. Fiscal cliff is a joke when we're staring down a FISCAL BLACK HOLE that cannot be escaped.
Good opportunity to buy puts.
Good opportunity to buy physical at a discount.
"Good opportunity to buy physical at a discount."
if any can be found.
These are Central Banks manipulated markets. There is nothing there about values or fundamentals.
Financial markets became casinos where Goldman is “a house manager” and everybody else are visitors and/or guests. A “casino house” is always wins and everybody else must win or lose from each other.
To prevent insurance companies, various pension funds, and general economy from a collapse and civil unrest, FED must keep the market going up. Consequently, to make money one must either have “insider” info or to anticipate and follow the “house” moves. Therefore, it is all about momentum and trend paying.
In a long run a “casino economy” will inevitably collapse (like it has happened with Soviet and Mao centrally controlled economies). And only then the US and EU economies and markets will return its fundamentals.
As for gold, Central banks are buying gold, consequently, they keep gold prices “low”. FED cannot monetize more than $1T annually for too long without a runaway inflation.
Gold and silver are no surprise. S&P is just about there. And WTI is right on target.
Gold and silver are no surprise?
Well, it depends on how you take it. If you consider the fundamentals it's a BIG surprise. If you look at the paper game and the recent cartel's "weeee'll show them!" scaring mentality, than you're right, no surprise.
I am really scared... only 5 new Philharmonikers can make my day.
The New Normal
From the charts it looks like they are ready for a swan dive over the "fucking cliff".
SATAN CLAUS BUYING FRENZY FOR THEIR PAGAN RITUALS AND TO MAKE NIMROD HAPPY ON HIS BIRTHDAY DEC 25.
It is all rigged Ponzi Casino. JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
$1000 fake Internet dollars if david99 can answer this question. What is 2+2?
David will answer our question when he's done watching porno.
if you order our manipulatings sir we will geeve you 2 free pornos and 3 free ring dings...
2+2 = leopard skin.
bitcoins
Which stock? Rio what? Rigged what? You need to repeat yourself to be more clear.
I think someone mentioned that same manipulation on like the last 8 threads?
Oh nwm, it was David.
pods
Rio Tinto is, or was a front company of the Rothschild family according to Eustace Mullins.
I infer that you watch a great deal of porn and lost some money on Rio Tinto.
this is what you get when u get rid of floor traders and pits
5 guys named Vinny.
It's the MOST wonderful time of the yeeeeeeear...
Merry Christmas thin market slap down slap up slap down............
Perception management is working. Some trader just said "there is no inflation look at gold"
CNBC narrative "All the prepers are returning their guns and selling there goldand silver"
so you are the one still watching CNBC. good to know.
LOL, well if they're actually saying that then they're simply lying, gun and ammo sales have never been higher smashing all records.
LOL, well if they're actually saying that then they're simply lying, gun and ammo sales have never been higher smashing all records.
SD-One, Yep.
Just stopped by my local shop, usually they have 8-10 used AR's, and 10-15 New.
ZERO in .308/7.62x51.
4 new(and they had the prices Jacked UP), zero used,least amount of these I have seen there in 3-4 yrs.
No 7.63x39 Clones period.
People buying 1000 rd cases of ammo, and 30rd mags(jacked up), like crazy.
They will out of all by Fri, easily.
But the President shed a tear and said that he was going to work really hard before his 17 day Hawaiian vacation to fix everything. And boehner cried too.
So everything is NOT going to alright?
I am sooooo confused.
I'm still waiting for someone to show me any tears coming out of Obama's eyes. It was all a scripted show... people really believe anything they're told..... wow.
CNBC narrative "All the prepers are returning their guns and selling there goldand silver".
Not all of us. Rest assured of that.
Gold bitchez!
Bitch'z gold
I was in that camp as well until a tragic boating accident. It went down with my gold, silver, ARs, semi-auto shotguns and pistols, and all ammo. All I have left is a pump shotgun and .38 revolver....
I'm basically back to the 1900s in firearm technology. Damn the boats.
Don't forget to add that they went back re activated or set up a Facebook account and have signed up to groupon looking for hot deals so they can shop then they signed up to twitter to sing praises of money saved shopping and all the great deals out there
That's the full cnbc narrative lol
Sale
Alls I can say is: W.T.F?
WTF is the new normal.
Playing into Oriental hands again with Chinese New Year on the horizon
Everything has been fixed; Greek debt issues are non-existant, everyone in Spain has gone back to work, and Japan's demographic crisis has suddenly disappeared as due to Fukushima, everyone's now 30 years younger.
.
GFC!!! talk about sychronised moves
Anyone notice HYG? Collapsed in the last 20 minutes.
"Must. Make. Gold. Tank. Not. Go. Up. Again. Annually...(pant pant)." Merry Holidays - The Cartel
Infinite fiat printing gives them infinite power to move markets the way they see fit. The suppression of precious metals can't last forever as more physical is taken off the market.
"can't last forever" ....but you said "infinite"
I said gives them infinite fiat to use , but that doesn't mean that the markets will react the way they want them to. Eventually gold ,which is finite, will break free from the paper market. The paper market may say one price, but try to get your hands on it at that price and watch the holders of physical laugh at you.
Ah, the paradox of all societies.
Don't forget AMZN and the stupid tech bubble which I thought ended 13 years ago. No earnings, constant disappointments on top and bottom line, yet guaranteed to make a new high today, up 6% for the (1.5-day old) week already ...
Actually nice to see gold decouple, even if in the wrong direction. That'll reverse when they finally lose control.
You're on the wrong end of history for that trade.
Amazon.com Inc. said Monday it is buying Kiva Systems Inc., which makes robots used in shipping centers. The $775 million acquisition comes as Amazon continues its heavy spending on fulfillment centers to help fuel its business.
While the Seattle-based retailer has used some automation in its fulfillment centers in the past, it has depended heavily on people, hiring thousands during the holidays to cruise through football-field sized warehouses to pick items from shelves.[March 20th 2012,WSJ]
Everyone's been waiting for this, and all the sorting warehouses are built with it in mind. Same thing goes for Apple, and Foxconn ~ robots work, American workers obsolete, return home to the space-ship for profits and PR.
I'm out of the loop on new model government teets... Anything in a beige?
http://www.youtube.com/watch?v=V7DNYocXvR0
" American workers obsolete, " - Riiiiigggghhht. Well then, I am sure they will just go away peacefully. Good luck with that.
LOL... still dreaming in black&white?
Someone sure is.
K, I'll fix it for you then.
"Work is becoming a small club, and pretty soon, you won't be in it"
Who will Amazon sell to once everyone has been replaced by a robot? A robot? Economies are econsystems.
Whaddyamean? Didn't you grab your government teet? They hand the shit out these dayz.
OR, the rat race of monetary corporate.gov profit growth is changed.
All further questions should be directed to Jeffrey R. Immelt, GEUSA.gov, AUTOMATION CZAR.
GOLD - 1.23%
AMZN +2.80%
Tha JPM "fiscal cliff war room" has a big gun.
With a P/E ratio of almost 3,300 who can resist the bargain that is AMZN?
Certainly not the FED, which is all that matters.
Someone has been messing with the script again...
whats the matter??..stay away from rio tinto if you thinkits being fudged..lolk..havent you ever seen a manipulated stock before (hint apple in the last 5 weeks)
I'd say Apple manipulation qualifies for a far longer timeline than a few weeks.
you're confusing manipulation for a game of musical chairs and/or a small bubble. Apple was not manipulated.
FED+BOE+ECB+BOJ are the biggest manipulators and JPM +GS +20PD's act on their behalf in this Ponzi Casino. It is all rigged Ponzi Casino. JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
Who's been feeding the algos bad tuna again?
I am sure no one is selling gold to pay 2012 cap gains rates. I am sure no one is selling gold to pay for excessive health insurance premiums. I am sure no one is selling gold to put $4/gallon gas into their car....
I am sure that The FED has nothing to do with the price of Gold.
the fed is the largest hedge fund in the world....i am sure they can move, control, and manipulate mkts and is doing so
i knew a guy who was thrown out of the business for shorting penny stocks as a mkt maker....they charged him with dominating and controlling a mkt....guess that doesnt apply to on the upside (mkt appreiciation)
why the hell are gold and silver going down when everything goes up vs dollars ! ?
Usually that signifies a glitch in the matrix
i just saw the same cat twice
see above/near comment with URL's about the Deja Vu / glitch.
Here's what the black cat looks like,
2011 dec 27 gold 01 | goldpricemodel | 277 week ROC visual confirmation
here's how you follow it's path before it gets there,
2012 06 18 277week roc 02 goldpricemodel 2011 Jan to 2012 Dec 28
2012 09 18 277week roc 01 | goldpricemodel - http://stks.co/nAfJ
2012 11 05 277week ROC -goldpricemodel
here's the new path overlapping this older detected path above:
2012 apr 17 gold ROC trends | 52week ROC gold to 2400/oz
goldpricemodel 2013 roc 52-week
goldpricemodel 2013 projection
Because people believe you can make more money elsewhere. Gold is just a toy for trader, nothing else ... just like a facebook stock or the euro ... I am not saying it makes sense though.
It's the repeating pattern from 277 weeks ago. Following high-line of the trend-channel. Picture here, price overlaid with ROC 277-week trend I just mentioned:
2012 06 18 277week roc 02 goldpricemodel 2011 Jan to 2012 Dec 28
here you see the matching of prices detected by this trend line & channel:
2011 dec 27 gold 01 | goldpricemodel | 277 week ROC visual confirmation
here you roll it out & compare with new data, so June's chart is added with data for Sep then again for Nov with a prediction slapped on there (colored shade-areas) just for fun (which is hard within the green/red high/low boundaries determined by math).
2012 09 18 277week roc 01 | goldpricemodel - http://stks.co/nAfJ
2012 11 05 277week ROC -goldpricemodel
You can follow the ROC changes 52 & 277 week here:
roc 52,277 weeks monitor $gold spot
and the roc 52-week pattern has been rolled out now to a prediction:
goldpricemodel 2013 roc 52-week as compared to 1980-present gold 52 week ROC 1980 to 2011
goldpricemodel 2013 projection
Someone sold PMs and spent elsewhere ... in a big way
PDs in UST auction week, with falling Indirects...?
When the market proves all your calls wrong, it may not be the market that is silly.
The gold crash has been impressive since QE5 (whatever you call it) ... where are all the people who said that QE4 would send gold past $1900/oz?
sure, people made bad short-term calls on the logical direction of an illogical and manipulated market ... but please, care to elucidate how the market here might not be construed as silly?
The market is rigged, so of course it's silly, as is your comment.
BTFD.
Here's one for you too since you're asking so nicely.
<huggles>
Must....Pump...All-Out for 'election'...whole year.....then....reality sets in...
Aw well not so much after all.
But stand by for announced 'end of year panic selling due to tax increases'....yea well I'm not holding my breath for that one either.
Just pull up a 15 minute chart of the four days preceeding Christmas over the last couple of years... this is standard procedure. Also note the declining volume over those same four days.
so the big talk is of fiscal cliff, tax ramifications...ie long term and short term cap gains....all Financial advisors are out advising customers to sell any product they may have that has a long term capital gain because next year is unknown how they will be treated....then how the fuck do we keep rallying
Q.E.
Debt. More specifically yours and your neighbour's spent by elected members on your behalf.
Feel better yet?
Gold did not cliff dive,it had an anvil tied to it and it was pushed off.
Fuck yous bankers.....
there is another shoe to drop - boner speaks then hairy speaks next up (insiders have been advised) O and the grand bargain all in time for the Holidays to begin
aloha mothefuckers
ZH is only doing good job and reporting correctly. Tyler is a real true person though I have never met him. FED+BOE+ECB+BOJ are the biggest manipulators and JPM +GS +20PD's act on their behalf in this Ponzi Casino. It is all rigged Ponzi Casino. JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London
The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets will fall only when the banksters have eliminated all the short positions and only they themselves have positioned themselves to profit when the market falls
OR
When an unexpected world event catches the banksters with their pants down and the softwares they use to rig the markets go berserk beyond their control.
http://www.marketoracle.co.uk/Article35345.html
Golly...no shit?
Where can I learn more? Oh, there's a link right there for convienence.
Thanks Captain Obvious!
WHO F'ing cares! The only reason any of this means crap for fiat converting gold money players is if you are trading using leverage. And in that case you probably need to be slapped in the face. BTW
Let's get those crude prices ramped up just before everyone hits the road for the holidays.../s
Cocksuckers/
Dollar's crashing everything is going up comparatively. Nothing to see here move along.
'The market has gone a little wild today'....TODAY? How about the last 3 fucking years its been nothing but 1 day more insane than the next!
INSANITY!
Homebuilders up 100%-200% in 2012.
The FED buying Mortgage Backed Securities guarantees housing bubble part two. Homebuilders?
Christmas/Hanukkah robot algo sector virtual rum/nutmeg infused eggnog and whipped cream rally.
Buy the PM dip bitchez
Why? You're selling?