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Ugly Morning; Gold Pops As Stocks Drop

Tyler Durden's picture





 

It's an ugly start to the day wherever we look. Europe is a bloodbath as the dead-cat-bounce hopes fade with Swiss 2Y rates notably negative once again and Italian bond spreads 55bps wider on the week (near the wides of the week) as Italy's equity market plunges back to the lows (-4%) on the week. US equity futures are fading rapidly and after tracking gold for most of the last 12 hours, we are now seeing gold (and silver) resurge as stocks continues to slide back towards bonds un-exuberance. Treasury yields are at the lows of the week (-11bps). From weak macro data overnight to the whocouldanode sequestration, there's plenty to worry about, but then again we have POMO in a few hours...

 

 


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Fri, 03/01/2013 - 09:31 | Link to Comment SheepDog-One
SheepDog-One's picture

'U.S. 'braced' for 'deep budget cuts'.

Oh cry me a river rich fucks.

Fri, 03/01/2013 - 09:33 | Link to Comment flacon
flacon's picture

Let's hope stocks go much, much lower today. A flash crash wouldn't be bad either. 

Fri, 03/01/2013 - 09:35 | Link to Comment BandGap
BandGap's picture

Ain't gonna happen. All the players are manipulated, and there is an army of printers waiting for the counter strike.

Fri, 03/01/2013 - 09:43 | Link to Comment Desert Rat
Desert Rat's picture

I would settle for -1% today (for a quick short)... POMO is only $1Bln today, so... hope springs eternal... not sure I would BTFD today though...

Fri, 03/01/2013 - 09:46 | Link to Comment The Juggernaut
The Juggernaut's picture

Ugly!?  Looks good to me!

Fri, 03/01/2013 - 09:56 | Link to Comment spastic_colon
spastic_colon's picture

the great rotation out of stocks and into POMO

Fri, 03/01/2013 - 10:15 | Link to Comment Desert Rat
Desert Rat's picture

-1? LMAO... What douchebag can't handle the truth? Fuck you. I work the market for every dollar, either direction.

Fri, 03/01/2013 - 11:52 | Link to Comment Lewshine
Lewshine's picture

Damn...That was easy. Bought ITM SPY weekly calls for a double .42 to .84 in 1/2 hour

Fri, 03/01/2013 - 09:48 | Link to Comment Cdad
Cdad's picture

@flacon

In the words of my brother Sheepdog, and cira 2010, "Let's light this crap candle! Flash crashes everywhere!"

It still sets me a jigglin' when I type that, Dog. 

Fri, 03/01/2013 - 09:55 | Link to Comment flacon
flacon's picture

Sounds good to me. Burn the whole thing down. 

 

I'm listening to White Zombie as I await market open. 

http://www.youtube.com/watch?v=uHBtpqbOKXk

Fri, 03/01/2013 - 09:36 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

'U.S. 'braced' for 'deep budget cuts'.

 

In terms of money it's pretty small....but in principal.....it's a pretty big freakin deal.

 

Thus all the caterwauling.

 

Our prayers go out to Bob Woodward....watch your six Amigo.

Fri, 03/01/2013 - 09:53 | Link to Comment kridkrid
kridkrid's picture

I'm not sure if I buy the whole Woodward thing. I could read it a dozen different ways. Of course I feel the same way about everything, so there's that.

Fri, 03/01/2013 - 09:58 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

From all the Presidents Men to everyone's bitch.

 

Hero today.....zero tomorrow.

Fri, 03/01/2013 - 10:14 | Link to Comment Hi Ho Silver
Hi Ho Silver's picture

 

 

And Breitbarted the day after...

 

Fri, 03/01/2013 - 10:32 | Link to Comment kridkrid
kridkrid's picture

I just finished watching House of Cards on Netflix. David Fincher of Fight Club- and it's almost as compelling. About a year ago I read the book Psychopath Test... a great quick read for those here who have not yet picked in up. Psychopathology not only attracks other psychopaths but has a tendency to pull others into the behavior. House of Card paints this all perfectly. I imagine that being a bitch for people with power erodes a person over the time. Lying to yourself constantly, the rationalization that trading this for that is OK as long as the ends justify the means. I can't imagine someone like woodward being anything other than a shell of a human, no matter who he may have been in his youth. Of course, even then he was just a bitch. Soooo... this recent drama... hard to say what's really happening... and what the purpose of this story at this time might be.

Fri, 03/01/2013 - 10:16 | Link to Comment CH1
CH1's picture

Our prayers go out to Bob Woodward....watch your six Amigo.

Yeah. They guy's involved in politics, of all god-forsaken things, but it is interesting to see that even the princes of the field are tossed under the bus for besmirching King Barry.

One has to wonder how long Joe America will keep his fingers in his ears, repeating, "It's not fascism, it's not fascism..."

Fri, 03/01/2013 - 10:19 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Seems to be a nightmarish mix of just about everything you could imagine.

Fri, 03/01/2013 - 09:35 | Link to Comment augustusgloop
augustusgloop's picture

except unlike the 50 billion here & there the fed tosses around each month, this 50bilion is for actual jobs... oops.

Fri, 03/01/2013 - 09:39 | Link to Comment SheepDog-One
SheepDog-One's picture

I like the earlier article this morning, little 2% cut still means they'll spend more than last year. Bunch of crybabies can't do with a penny less...but have NO problem taxing the shit out of you at all.

Fri, 03/01/2013 - 09:53 | Link to Comment NEOSERF
NEOSERF's picture

Given that a full year would be $85b and this year is half over and will be another quarter gone before they can change paperwork, this amounts to about 21B this fiscal year which I would bet the gov pisses away within a couple days or so...

Fri, 03/01/2013 - 10:03 | Link to Comment Cdad
Cdad's picture

Since all govt. numbers are seasonally adjusted annualized guesses, your analysis on spending here does not matter.  But what does matter is what Ben Bernanke said on The Hill this week...which I actually expect to become quite the topic of conversation in the coming days.  I know, I know...unpossible...right?  Actually, the thing that I think has now become unpossible is ignoring the QE issue any longer.

And since the blame game is about to get very real, the finger pointing war between DC and Wall Street, strap in, baby.  

You know, in the context of the Humphrey Hawkins testimony just completed, where is the petition to remove B. Bernanke on whitehouse.gov?  Seriously, wouldn't that be a more pertinent petition than...oh I don't know...building a Death Star?

Fri, 03/01/2013 - 10:08 | Link to Comment Mike in GA
Mike in GA's picture

And the bastards will make sure these relatively pipsqueak cuts will hurt at the people level the most. 

They always do that - don't cut the travel budget for the AG (in the Gulfstream IV) or the White House staff of hangers-on but cut the highly visible things that cause the most pain. (or can be televised as 'painful cuts to women, children, minorities, LGBT, babies, baby food', on and on.)

BASTARDS!

Fri, 03/01/2013 - 09:57 | Link to Comment yrbmegr
yrbmegr's picture

Dollar surging.  Interest rates plummeting.  Markets appear to be pricing in some sequestration.

Fri, 03/01/2013 - 10:00 | Link to Comment I need more cowbell
I need more cowbell's picture

Boy do they have us where they want us mindset-wise; anything other than another $20 bucks straight down is a "gold pops"??

 

Fri, 03/01/2013 - 09:32 | Link to Comment Badabing
Badabing's picture

if you keep hammering gold it gets tougher

Fri, 03/01/2013 - 11:07 | Link to Comment tmosley
tmosley's picture

More like it spreads thinner and thinner until its all gone.

Fri, 03/01/2013 - 09:32 | Link to Comment fonzannoon
fonzannoon's picture

goldman just dumped on DB. somethings up.

Fri, 03/01/2013 - 09:32 | Link to Comment Charles Nelson ...
Charles Nelson Reilly's picture

Lift off!.... til 9:15 when the cocksuckers hit it again. Fuck you Bernanke.

Fri, 03/01/2013 - 09:33 | Link to Comment BandGap
BandGap's picture

About fucking time.

Fri, 03/01/2013 - 09:33 | Link to Comment disabledvet
disabledvet's picture

"evil Black Unicorns dead ahead"...

Fri, 03/01/2013 - 09:36 | Link to Comment Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

So, because of this sequester, we'll have to start pulling our guys out of Afghanistan, right?  Devastating cut, no money and all?

Fri, 03/01/2013 - 09:40 | Link to Comment GMadScientist
GMadScientist's picture

Don't worry...we're still spending $427M on jet planes for the people who've hated us since 2003 so they can have an airforce.

I'm sure they won't do anything stupid with them.

Fri, 03/01/2013 - 09:36 | Link to Comment eigenvalue
eigenvalue's picture

Question: Why is this website called Zerohedge?

Answer: Because the fans of this site hedge their savings with gold and silver only to find the prices on the way to zero...

It's just a spike. More selling to come...

Fri, 03/01/2013 - 09:40 | Link to Comment flacon
flacon's picture

The price of gold measured in Zimbabwe Dollars is zero, let's hope the same happens to the price of gold in US Dollars. Remember, there is a fine line between zero and infinity. 

Fri, 03/01/2013 - 09:54 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I think we could out print Zimbabwe......if we really put our minds to it.

Fri, 03/01/2013 - 09:58 | Link to Comment BurningFuld
BurningFuld's picture

Already have by a long long way!!!

Fri, 03/01/2013 - 09:44 | Link to Comment insanelysane
insanelysane's picture

The artificial suppression of PMs has greatly assisted ZH-ers in acquiring PM.

A strenghts of materials teacher once did the following demonstration to show what happens when metal reaches max stress.

He took a foot long ruler, placed it on the desk and started moving it 1 inch at a time. 1st inch nothing happens, 2nd nothing, ...nothing continues to happen with each little push until....the ruler drops off the table.

 

Ben can print 80b a month and nothing happens until the ruler drops off the table.

 

Fri, 03/01/2013 - 09:48 | Link to Comment Broomer
Broomer's picture

A rule made of transparent plastic also makes a good example.

You start to bend both sides and for a while nothing happens; the ruler keeps bending.

Until a point is reached where it snaps into two pieces with a loud crack.

Fri, 03/01/2013 - 09:52 | Link to Comment insanelysane
insanelysane's picture

And we forgot to mention how the experts then say "no one could have seen this coming, no one."

Fri, 03/01/2013 - 10:18 | Link to Comment BurningFuld
BurningFuld's picture

One possible end scenario for the USD, now that Britain has gone in to a currency swap deal with China is the "commonwealth" countries along with China (asia block) basically forcing a new Bretton Woods that lowers the position of the USD. Mark Carney could be a Black Swan in Sheep's clothing here.

Remember the Suez incident?

Fri, 03/01/2013 - 10:06 | Link to Comment Non Passaran
Non Passaran's picture

Yo moron, more selling is more buying, I love it!

And value of PMs will never be zero.  Although, to be honest, I'm more concerned about the mass.

Fri, 03/01/2013 - 10:12 | Link to Comment Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

Given the hockey sticking of debt, and money in circulation, and the price of gold over the long term, when debt and money supply were much lower, and when the dollar's reserve status was unimpeachable, I guess my question is - what is the basis for your claim?

Is it all the buying by central banks, or is it the increasing deals to trade commodities for gold {or non-dollar fiat}?

 

There's no question that the price in dollars of gold could come down in the nearer term, but to think it wouldn't shoot right back up, up and beyond where it is now in the longer term  {people hold it to hedge mid and long term you know, largely, anyay} requires a complete lack of understanding of purchasing power of fiat currency?  Why not google how much of things the dollar bought 20 years ago, or even 10.  If gold is in a bubble, what on earth is the stock market in?

 

Reading a few articles in The Economist now and then doesn't necessarily mean you're not an ignorant twat.

Fri, 03/01/2013 - 10:18 | Link to Comment eclectic syncretist
eclectic syncretist's picture

I'll accumulate until the day I die, and teach my children the wisdom of doing the same.

Fri, 03/01/2013 - 10:21 | Link to Comment BurningFuld
BurningFuld's picture

The amasing thing is that people in Greece are not buying gold hand over fist. Their Greek Euros are about to be swapped for a new Greek Currency. Talk about people that don't see things coming.

Fri, 03/01/2013 - 12:43 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Free gold? I wish. Around these here parts, we call that a buying opportunity. If gold went to zero many other things would as well.

Fri, 03/01/2013 - 09:36 | Link to Comment thismarketisrigged
thismarketisrigged's picture

so heres the gameplan. as we know, these fucking bastard douchebags will not let the market fall too much.( fuck u obama and bernanke, and all of the fed)

 

so with the poor global data today, including here in the states, what will happen is that despite the market not selling off at all due to the pending sequester cuts, they will make up a rumor how we will avoid them and the market will shoot up like 150 pts on the dow just on that.

 

these criminals will find anyway to shoot the market up.

 

lets hope though we lose 350 plus pts on dow today, i want panic on cnbc and wall st

Fri, 03/01/2013 - 09:41 | Link to Comment Global Hunter
Global Hunter's picture

just give the congressmen enough time to long equity call options in their PAs before floating the rumour you speak of

Fri, 03/01/2013 - 10:22 | Link to Comment BurningFuld
BurningFuld's picture

If this is allowed to happen you can be sure all the important people are short today!

Fri, 03/01/2013 - 09:37 | Link to Comment More_sellers_th...
More_sellers_than_buyers's picture

This market will never go down.  The FED will buy to the death, until one day there will be no point because the US dollar will be worth a penny.  Probably around the time most people will retire.  Then the S&P will be trading at 100 and no one will have shit.  It is not just Bernenke it is everyone in DC in a position of power with a big enough brain to understand what is going on and does nothing(there have to be a few) .  "All that is necessary for the triumph of evil is for good men to do nothing."  There must be a way to explain this on an 8th grade level.

Fri, 03/01/2013 - 09:49 | Link to Comment Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

I think buying real assets for pennies-on-the-dollar is the end game here. My understanding is that there are several examples of this in American History - in the 1870s, the early 1900s...  at a basic level, rapidly increasing the money supply disproportionately enriches those who have tremendous amounts of cash.

When you pull the rug out, and fairly quickly reduce the amount of $ in circ., why it gets even better for the banks.  Still better when it leads to a world war.

Fri, 03/01/2013 - 10:22 | Link to Comment eclectic syncretist
eclectic syncretist's picture

I respectfully disagree.  Bernanke already blew his wad with his "all-in" QE4EVA.  All his printing is doing is giving the banks free money from interest payments.  If the banks won't loan to JQ Public at rates much lower than they are right now this cat is dead.

Fri, 03/01/2013 - 09:38 | Link to Comment swissaustrian
swissaustrian's picture

Beginning of the month:

Pm short covering and new longs added.

Meanwhile gold forward rates are ultra low and the April future is in backwardation. Smells like a tight market to me...

Fri, 03/01/2013 - 09:39 | Link to Comment Temporalist
Temporalist's picture
Data ‘double whammy’ shows UK headed for fresh recession

"The risk that Britain is entering its third recession in four years grew on Friday, with figures showing manufacturing shrank unexpectedly in February and mortgage approvals for home buyers dropped in January.

Gross domestic product fell at the end of last year, bringing Britain within sight of another recession, and the latest data suggested the central bank may need to do yet more to revive the economy.

The pound sank to its lowest level against the dollar in more than two-and-a-half-years, while prices of British government bonds — which the Bank of England could resume buying — rose after the releases.

The Markit/CIPS Manufacturing purchasing managers index (PMI) fell to 47.9 from a downwardly revised 50.5 in January, confounding forecasts for a rise to 51. It was the first reading since November to fall below the 50 line that separates growth from contraction.

A separate release showed mortgage approvals fell unexpectedly despite authorities’ efforts to boost lending."

http://www.bdlive.co.za/world/europe/2013/03/01/data-double-whammy-shows...

 

Fri, 03/01/2013 - 10:47 | Link to Comment Acet
Acet's picture

The only reason why the UK has not officially been in recession every quarter since the crash in 2008 is because the official inflation figures are a complete fabrication and far below the real inflation as felt by all of us living here (for example, my weekly shopping basket has gone up more in price by than 50% in two years).

So the BoE prints money, which causes prices and nominal GDP to rise and then when the official inflation figure is used to generate the official (real) GDP figures, because that figure is understated, the final (supposedly real) GDP actually contains a large amount of pound debasement effects which is passed of as growth.

 

Fri, 03/01/2013 - 09:39 | Link to Comment Ness.
Ness.'s picture

Ugly Morning; Gold Pops As Stocks Drop

 

That is not an 'ugly' morning to me - quite the opposite actually - that's a beautiful way to wake up.  Give me moar.

Fri, 03/01/2013 - 09:41 | Link to Comment lolmao500
lolmao500's picture

Please give me a 1000 DOW points drop within an hour for the lulz.

Or maybe when the crash happens, they'll just say... it was a fake flash crash... it was the computers... so all transactions are canceled!

/you know this is gonna happen (more than once) when the end is near...

Fri, 03/01/2013 - 09:44 | Link to Comment Broomer
Broomer's picture

Unless something really bad happens, I think this isn't going to happen out of the blue.

If a strong downward movement starts, the so called Plunge Protection Team would stop it from falling too much.

Fri, 03/01/2013 - 09:40 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

nice overnight action in silver. refreshing to wake up with a black eye versus getting beaten when i get up. that is probably an hour away though so I should get my makeup on asap.

Fri, 03/01/2013 - 09:41 | Link to Comment Broomer
Broomer's picture

I have a question. Here are current one-day charts for gold and silver:

Gold:
http://www.kitconet.com/charts/metals/gold/t24_au_en_brkg_2.gif

Silver:
http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif

Most of the time they behave this way. That is, the general shape is very similar.

Why does this happen? Silver has a strong industrial demand component. Shouldn't they differ more often?

Fri, 03/01/2013 - 09:47 | Link to Comment css1971
css1971's picture

They do... When there's industrial demand...

In fact, you can use the gold to silver ratio as a proxy for industrial demand. Just now it's saying the S&P should be about 1200.

Fri, 03/01/2013 - 09:49 | Link to Comment Broomer
Broomer's picture

That makes sense. Thanks for the explanation. +1.

Fri, 03/01/2013 - 09:41 | Link to Comment Awakened Sheeple
Awakened Sheeple's picture

Cramer said you'd have to shoot this rally in the head to kill it. Well the Eur\USD just did =]

Fri, 03/01/2013 - 09:46 | Link to Comment Ghordius
Ghordius's picture

Cramer? is that one of the guys that convinced the US that the EURUSD is the gauge of RiskOn/RiskOff - no kidding, I don't watch TV much

Fri, 03/01/2013 - 09:48 | Link to Comment insanelysane
insanelysane's picture

Cramer and Becky were just talking up the market and Cramer says that he doesn't think the FED is helping the market, it is just companies with strong earnings and growth.

Fri, 03/01/2013 - 09:50 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

He's almost a prophet......almost.

Fri, 03/01/2013 - 09:53 | Link to Comment Ghordius
Ghordius's picture

the kind of prophet that gets... stoned? or the kind that is eventually proved right? there are many of them

Fri, 03/01/2013 - 11:31 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

I think it is pretty clear that he gets stoned before laying out his prophecy.

Fri, 03/01/2013 - 11:58 | Link to Comment optimator
optimator's picture

Kraemer must be looking for Liesman's job (the real job, at the FED).

Fri, 03/01/2013 - 09:51 | Link to Comment Awakened Sheeple
Awakened Sheeple's picture

It certainly was last night. When the Eur broke down, so did ES.

Fri, 03/01/2013 - 09:54 | Link to Comment Ghordius
Ghordius's picture

well, of course, if enough people believe in this (and enough bots are programmed to believe it) then... it's true - after all, we all use currencies that are based on faith

Fri, 03/01/2013 - 09:47 | Link to Comment Lost Wages
Lost Wages's picture

Did Ben finally print money to buy Gold? Oh, thank you Dear Leader.

Fri, 03/01/2013 - 09:47 | Link to Comment Confundido
Confundido's picture

Decreasing marginal returns in the expansion of fiat gold???? When will China announce a revision to its gold holdings of multiple times what had been shown until now? Even nicer, a downwards revision on their Treasury holdings...

Fri, 03/01/2013 - 09:49 | Link to Comment Terminus C
Terminus C's picture

whocouldanode...

This word, unfortunately, is vastly descriptive of the overall state of our society... from finance, to politics and the environment, just about every important issue we face falls under the category of whocouldanode...

Fascination and frustration are my overwhelming feelings of late.

Fri, 03/01/2013 - 09:49 | Link to Comment WoodMizer
WoodMizer's picture

Happy Sequester Day!!!

I think the TPTB want the markets to crash (-2% max) so they have cover to turn these gov furloughs into paid time off and future overtime.

They are going to use fear to herd the sheeple for the next couple of days.

Fri, 03/01/2013 - 09:52 | Link to Comment Sandy15
Sandy15's picture

DemoRATS will let The Bernack crash the market so they can fearmonger the sheeple.......

Fri, 03/01/2013 - 09:51 | Link to Comment NEOSERF
NEOSERF's picture

We go green by end of day as it dawns on the sheeple that kids are still getting vaccinations and libraries are still open...8 hours is about all the focus the world can handle on any one problem or celebration these days

Fri, 03/01/2013 - 09:54 | Link to Comment Sandy15
Sandy15's picture

That's NOT the sheeple making it green......it's The Bernack!  Don't you get that the FEDERAL reserve has been buying 80% of this market.  See the sheeple feel rich when they have digital money in their 401K, so they go spend.  That's what is called the wealth effect Benny has been discussing!!

Fri, 03/01/2013 - 09:55 | Link to Comment Edward Fiatski
Edward Fiatski's picture

"Ben, we're not closing red again, are we, Ben? 

BEN!?

BENNNNNNNNNNNNNNnnnnnnnnnnnnnn!"

In other news: U.S. Personal Income for Jan is -3.6% on Exp -2.4%, Prev 2.6%.

Have a nice day!!

Fri, 03/01/2013 - 09:52 | Link to Comment moonstears
moonstears's picture

But, but... you can eat DOW and USDs!

Fri, 03/01/2013 - 10:27 | Link to Comment BurningFuld
BurningFuld's picture

Excellent idea. The US should change it's currency from a cotton based material to a wheat based material with vegetable based ink so that in the end as a last resort the currency is edible.

Fri, 03/01/2013 - 09:57 | Link to Comment rsnoble
rsnoble's picture

We're so use to seeing green that now we consider a -60pt down on the DOW futures a bad morning when it's at 14K?

Based on the past several years and this is friday the day remains low volume and closes flat or a throwing stone on either side of zero.

One day that will change id laugh my ass off if it came out of the blue like today but im just calling it like it's been.

Fri, 03/01/2013 - 10:02 | Link to Comment orangegeek
orangegeek's picture

US Dollar is the key.  US Dollar is up again this morning and monthly shows it was up over 3% in February.  And gold is more expensive than platinum again - that's always interesting.

 

http://bullandbearmash.com/chart/monthly-dollar-climbs-3-closes-channel-...

 

Equities rose as USD did too yesterday - something had to give.  Now it's gold's turn.  Let's see what happens.

Fri, 03/01/2013 - 10:13 | Link to Comment e_u_r_o
e_u_r_o's picture

this is sickening. I want it to either shoot up or shoot down. fucking tired of it being stuck in the middle

Fri, 03/01/2013 - 10:14 | Link to Comment 1835jackson
1835jackson's picture

Less pigs in the trough is fine with me.

Fri, 03/01/2013 - 10:20 | Link to Comment exgop
exgop's picture

WOW gold is $1 over plat

Fri, 03/01/2013 - 10:27 | Link to Comment NoWayJose
NoWayJose's picture

Woke up early in anticipation of the usual morning slam, found it, bought a box of SAE's, and a half hour later silver shoots higher. A great day.

Fri, 03/01/2013 - 11:23 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

Crash this bitch and the entire corrupt system with your incompetence already you criminal scumbags!

Fri, 03/01/2013 - 11:44 | Link to Comment bounced
bounced's picture

I like my short selling counterparties like I do my breakfast bread: charred to a crisp.

Fri, 03/01/2013 - 11:51 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Gold 'Pops'?  What 'pop'?  Wake me when it hits or beats Oct.2012 levels.  Today's jump is a Mini-Me jump.

Fri, 03/01/2013 - 13:46 | Link to Comment Rusty Trombone
Rusty Trombone's picture

It can't believe my bad luck.  My 3 monster boxes of Ag had just arrived just as we were leaving the dock. A freak windstorm ensued , the boat was swamped and sank. I was lucky to make it our alive. You would think I would have learned my lesson by now - this makes 5 boating accidents in the last few weeks.

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