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Gold Retraces Half Of Record Plunge

Tyler Durden's picture


With its biggest 8-day rally in 20 months, Gold having jumped another 1% this evening has just breached $1445 and retraced half of the record plunge from April 12th. It would appear that the record physical demand that we are seeing in every corner of the globe is indeed leaking back into the actual price of gold.

Spot Gold has retraced half of its record plunge losses...

with the best 8-day performance since early September 2011...


Charts: Bloomberg


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Wed, 04/24/2013 - 23:19 | 3495905 freewolf7
freewolf7's picture

Great beginnings...

Wed, 04/24/2013 - 23:21 | 3495909 Ahmeexnal
Ahmeexnal's picture

Seems like Jamie Dimon just had his leg sawn off!

Wed, 04/24/2013 - 23:22 | 3495921 DoChenRollingBearing
DoChenRollingBearing's picture

Just when I want to go out and buy some more.  We'll see if there is any at my LCS tomorrow.

Wed, 04/24/2013 - 23:34 | 3495954 true brain
true brain's picture

Question: how much fiat currency has been converted into gold since the crash?

serious. anyone with answer.

Wed, 04/24/2013 - 23:45 | 3495989 bonin006
bonin006's picture

I don't see how there can be any conversion - just gold and FRNs or whatever changing hands.

Wed, 04/24/2013 - 23:49 | 3495999 flacon
flacon's picture

How much has silver regained from the smackdown? ... um-hmm... I thought so.... nothing...




Wed, 04/24/2013 - 23:50 | 3496013 Ahmeexnal
Ahmeexnal's picture

Explosions in Al-Abama.  Is this how the banksters cover their PM smackdowns?

Wed, 04/24/2013 - 23:56 | 3496041 Mark Carney
Mark Carney's picture

Im proud to say I bought that DIP!


Although, I did have to pay the physcial price, not paper.


Oh and I have been dealing with SilverGold Bull out of Calgary, fantastic! I got my order in 1 week, not bad ocnsidering......but they are swamped!

Thu, 04/25/2013 - 00:11 | 3496120 knukles
knukles's picture

Can you spell whiplash?
I knew you could.

And we have COMEX settlement coming up?
Somebody's getting their nads squeezed what with all the new shorts created last week


Treacherous shit
Nobody but a gubamint idjiot coulda thought this shit would work.
Trhe Law of Unintended Consequences is a Bitch

Thu, 04/25/2013 - 05:25 | 3496598 StychoKiller
StychoKiller's picture

Well, when all ya got is a tonne(s) of paper gold...

Thu, 04/25/2013 - 06:19 | 3496633 GetZeeGold
GetZeeGold's picture



I took my ball....walked off the field....and took the week off.


Good luck getting any gold out of the'd be better off begging at Fort Knox.

Thu, 04/25/2013 - 06:19 | 3496636 Bearwagon
Bearwagon's picture

Well done!

Thu, 04/25/2013 - 07:54 | 3496798 Badabing
Badabing's picture
Gold Retraces Half Of Record Plunge

but not silver?


could silver be the problem PM for the COMEX thats in short Phys. supply?

Thu, 04/25/2013 - 08:52 | 3496935 TeamDepends
TeamDepends's picture

And the game was played with a paper ball to no ones satisfaction.

Thu, 04/25/2013 - 00:02 | 3496066 greggh99
greggh99's picture

Actually, about a buck.

Thu, 04/25/2013 - 07:10 | 3496724 lickspitler
lickspitler's picture

Bitcoins retrace 70% of their move down.


one eye pm stackin fucktards'-

Thu, 04/25/2013 - 10:44 | 3497619 ClumsyBoatman
ClumsyBoatman's picture

keep your shitcoins nerd, I'M ALL IN

Thu, 04/25/2013 - 00:39 | 3496195 AllThatGlitters
AllThatGlitters's picture

flacon - Silver is at $23.40 tonight. The low in the smackdown was $22.05.  

That's about a 25% retracement.

Last I checked, 25% is different than nothing.

Watch it moving higher tonight live:

Thu, 04/25/2013 - 00:46 | 3496207 Jack Napier
Jack Napier's picture

Premiums have eaten into any spot price drops since the high 24's anyway, but still a good buy anywhere in the ballpark. Gold gets all the glory, but the entire silver bullion market cap is only $30 billion which is absurd. The GSR should be less than 10:1 if it was adhering to mining output, and more like 1:5 if it adhered to available supply. I'm glad silver is the metal staying down so I can buy more of it.

Thu, 04/25/2013 - 00:45 | 3496213 James_Cole
James_Cole's picture

flacon - Silver is at $23.40 tonight. The low in the smackdown was $22.05.  

That's about a 25% retracement.

Last I checked, 25% is different than nothing.

Yeah but that's exactly the wrong way to look at it, better to look at it having 75% left to go before being where it was a week ago. 

Thu, 04/25/2013 - 00:47 | 3496219 Jack Napier
Jack Napier's picture

The vault is half empty type eh? =P

Thu, 04/25/2013 - 00:51 | 3496238 AllThatGlitters
AllThatGlitters's picture

Sure James_Cole - just correcting a factually incorrect statement was all.  :-)


It probably have 100% left to go to get to where it should be.


I still think the situation in Silver is different than it is with Gold.  Something bigger is brewing with Gold right now. We aren't seeing the inventory drainage is silver are we?  Just gold?  Silver has a different and compelling fundamental story to be sure, but right now, all the head-scratcher activity is taking place in gold.

Thu, 04/25/2013 - 01:00 | 3496252 Jack Napier
Jack Napier's picture

It's a tale of 2 different dynamics. Gold is being drained on the exchanges (metal of kings). Silver is being drained from the dealers (peoples' money). That's why silver premiums are higher.

Prior to the takedown the COMEX already had the largest ever quarterly outflows of physical gold to start the year off. My guess is that the writing is on the wall, and it's a smash and grab. Hedgies are now focusing on gold according to Andrew Maguire's recent KWN interview. Silver is too small for institutional money anyway, but it will move where gold leads, and then some.

Thu, 04/25/2013 - 01:05 | 3496276 James_Cole
James_Cole's picture

I still think the situation in Silver is different than it is with Gold. 

Silver is simply the more volatile investment, also more heavily reliant on industrial demand. 

Thu, 04/25/2013 - 02:52 | 3496427 akak
akak's picture

Volatility is not synonymous with risk, nor is there any correlation between volatility and value.

Besides, the volatily in the silver market, as in the gold market, is much more a function of the spasms in our failing fiat currency regime, and the corrupt financial system in symbiosis with it, than it is a reflection of anything fundamental to the metal or its (physical) market themselves.

Thu, 04/25/2013 - 01:00 | 3496260 James_Cole
James_Cole's picture

People almost almost always look at probabilities / statistics in the direction of their desire, rather than the weighting. 

And besides, in terms of buying - physical buyers haven't benefited from these lower prices that much...

Thu, 04/25/2013 - 01:00 | 3496264 putaipan
putaipan's picture

virtual reality check- bitcoin @ 156.5$.

Thu, 04/25/2013 - 07:57 | 3496731 Pegasus Muse
Pegasus Muse's picture

Netdania Spot Price: $23.29/oz.

APMEX Monster Box: $16,170 / 500 oz = $32.34/oz.

Premium over Spot: $9.05 

This price divergence indicates the CRIMEX spot price is (has become) a meaningless number in the REAL MARKETPLACE.  

So you fraudsters and scamsters and market riggers at the COMEX/CME/CFTC go ahead and play your shyster games amongst yourselves on your corrupt paper exchange. 

REAL PEOPLE who want REAL SILVER are paying REAL MARKET PRICES to get it.  Thanks to your CRIMEX market manipulation and other market interventions (the long bullion, short miners trade; the lack of CAPEX financing, etc) the supply of REAL SILVER isn't what it would otherwise be. 

Way to go, assholes. You shat bed; now you get to sleep in it.


Thu, 04/25/2013 - 07:52 | 3496796 donpaulo
donpaulo's picture

silver up 1.69%

gold up 1.44%

as I type this

Wed, 04/24/2013 - 23:46 | 3495993 flacon
flacon's picture

The same amount as the amount of gold that has been converted into fiat. 

/I know, I am a smart ass tonight. 

Wed, 04/24/2013 - 23:48 | 3496001 Croesus
Croesus's picture

@ True Brain:

A shit-ton!

It's really impossible to answer that question, unless you called and asked every dealer large and small, all over the world, plus the mints, plus the exchanges. You also have to assume that all of them are being honest.





Thu, 04/25/2013 - 00:07 | 3496091 true brain
true brain's picture

This amount of fiat, converted into physical gold, will not be spent any time soon; this same amount is assumed to be taken out of banks account etc. Question: what is the ripple effect on economy? if it can even be measure? what is effect on banks if this amount is large enough?


Thu, 04/25/2013 - 00:10 | 3496111 seek
seek's picture

COMEX by itself has seen about $1B in gold walk out the door (from 4/16 to last night, 670,000 troy ounces has left the building.)

We don't know how much LBMA has seen go away, but GLD has seen redemptions of $2.27 billion as of last week -- it's claimed by media that's people selling and running away from gold, but it's more likely it's actually gold redemption given what's going on. So that's $3.3 billion.

Add the mystery LBMA plus most retail inventory worldwide, I'm sure it's past $5 billion.

Thu, 04/25/2013 - 04:47 | 3496574 Go Tribe
Go Tribe's picture

The only way this works out for them is if we get inflation. Which is interesting, inflation arriving when everyone is talking about deflation.

Thu, 04/25/2013 - 01:49 | 3496354 mt paul
mt paul's picture

i'm in 

for a few large..

Thu, 04/25/2013 - 09:22 | 3497060 eclectic syncretist
eclectic syncretist's picture

"Question: how much fiat currency has been converted into gold since the crash?

serious. anyone with answer."

Again, I refer you to the COMEX, where over 1,000,000 ounces of gold have been called for delivery so far this month.  As of today there are 2,210,735 ounces registered.  So the answer is "a very high percentage of the gold that is available"

Thu, 04/25/2013 - 00:44 | 3496208 AllThatGlitters
AllThatGlitters's picture

DoChen - I was planning to do so too.  The move higher tonight is my fault. I merely thought about picking some up, and if my LCS doesn't have anything, the online dealers I've referenced as having plenty of inventory have suddenly started showing delays in many different items.  Doh!

Thu, 04/25/2013 - 02:07 | 3496376 RaceToTheBottom
RaceToTheBottom's picture

"Seems like Jamie Dimon just had his leg sawn off"


I hope it was his third leg, the dickless wonder

Thu, 04/25/2013 - 02:16 | 3496392 Big Slick
Big Slick's picture

That's why he's STILL richer than you

Thu, 04/25/2013 - 07:21 | 3496741 greatbeard
greatbeard's picture

>> he's STILL richer

Some folks keep score with money, some don't.  Jamie is far richer than I and I'd not change souls with him.

Wed, 04/24/2013 - 23:38 | 3495974 xtop23
xtop23's picture

I'd have prefered it went to zero. Total disconnect. I just have this feeling they're letting it rise now to play it the other way and try to shake confidence with another smash down. Not that it will work but..... we'll see what happens.

Wed, 04/24/2013 - 23:54 | 3496029 scrappy
scrappy's picture

I think you are onto something.

Thu, 04/25/2013 - 00:09 | 3496059 Croesus
Croesus's picture

@ xtop23: 

You know another smackdown is coming. I keep reiterating the point that in this recent buying frenzy, how much Gold is going to strong-handed buyers?

Some of these people who are buying have the right idea, but:

Do they understand the dynamics of the market? Swaps, leases, hedging, paper vs. physical, etc.?

Some of these buyers will be hitting the sell button the minute they see the paper price drop, because they don't understand what is really happening here.

I can tell you that I have dry powder on standby, just for this event. I think it will be "The Last Smackdown", and therefore:

1. "They" will be hitting the 'price' hard (think $500-$600 drop).

2. Many of the dealers (especially LCS) will be skittish about buying.

3. Weaker longs will be desperate to unload.




Thu, 04/25/2013 - 00:16 | 3496133 xtop23
xtop23's picture

I think if we see a $500-600 drop in Au it's game over. Gold drops sub 1k, I'd sell my 69 Z28 for extra powder.There won't be anything left but dust bunnies.

Edit: I'd keep the crossram though.

Thu, 04/25/2013 - 07:08 | 3496721 de3de8
de3de8's picture

I know you must be kidding, but just in case, I'll buy yor'e Z, it will go to a good home and have plenty of playmates.

Thu, 04/25/2013 - 11:08 | 3497797 xtop23
xtop23's picture

DZ302....houndstooth int...Muncie 4SP....hugger orange....3.73 posi..... unrestored.

Bought in '81 for the princely sum of 14 grand with a loan from my father. It's the only classic I kept.

That was the one time I just had to have a car.

Unfortunately, I was too GD stupid to buy the '66 Hemi Satellite or '70 Plymouth Superbird I could have at 25k for either.

I've been through a '69 GTO, a '71 340 Demon, a '67 GT Mustang, '71 440 Challenger, and a '70 RT Charger to name a few.

I was always big into Mopars, but something about those shark gills did it for me.

Thu, 04/25/2013 - 20:35 | 3500586 de3de8
de3de8's picture

Does not get much better than that,other than rs and jl8, but original...sweet. I don't have my very first cars but do have 64, 70,75,78, original owner corvettes, all original unmolested. Have 65 Mustang, 66 Starfire, 70 nova, 86 944turbo ( original owner 3k mi) 04 srt10 pu( orig own 800 mi ) 99 7.3 f-250 ( orig owner 21 k mi), 10 6.2 Raptor,11 500gt and 10 Camaro. Three others for every day. Can't coun't the stuff iv'e been through and wish I still had. I was never into Mopars in the day, but love them now. Too young and too stupid at time to realize all muscle cars cool. Cars, shows and working on them keeps me goin!
Good to make acquaintance.

Fri, 04/26/2013 - 04:27 | 3501468 xtop23
xtop23's picture

Ditto. I like the GT500, but that much power with a solid rear axle is sphincter clenching to drive quickly. I can't imagine driving the new one at Thunderhill. I'd need an Ativan drip to keep my underwear dry.

I'm eyeing the C7 with great anticipation. If the Z06 version is anything like I think it could be, my wallet is going to take a beating.

Great avatar btw. 

I like the new ILE as well but it's just too big for my taste. I like cars that transition much faster with quicker turn in. You have to spend too much time setting your entry with that big a missile. 

I tested a 430 Scuderia that was almost automotive bliss..... but how do you convince the pregnant wife that 200k is money well spent? 

Fri, 04/26/2013 - 08:54 | 3501868 de3de8
de3de8's picture

Could not agree more with all your thoughts. I had the 10 500 and as soon as I saw the SVT reveal on the 11 with German sourced aluminum block, had to have it. Have installed the whipple 2.9 package from ford racing to supposedly provide 750 horse. Never had it on dyno, and with Corsas not too bad. Ton of fun though as you can literally drive by throttle!
I too eagerly await the c7, especially the performance variants, and as you the Z06. Also intrigued by the new Z28 will be a beast but hardly bragging rights that 300 lbs lighter than ZL 1 but still several hundred more than mustang. Almost pulled the trigger on the boss Ls but did not. My biggest regret is not buying a brand new Ford GT, an 06 in 06. Had check cut and at last minute dealer wanted 2k more. I said no on a deal where I had the price struck for list price on the road all in taxes, title, tags. Now used gt's going for 175k and up. Oh we'll live and learn! Greed will get you every time.
Ferrari's. what can I say, if had money to burn, no question. Just too much $$$ for me, considering alternatives. I have driven a few, ones owned by good friend. A 512. When people asked how it drove could only say " you have to experience it yourself to understand". The best I could come up with is like driving a Rolex!
Off to first Carlisle show tomorrow.
As usual, a pleasure with the back and forth.

Fri, 04/26/2013 - 09:38 | 3502068 xtop23
xtop23's picture

Nice, sounds like a good time. 

That Ferrari totally stunned me. I had never before, or since, driven a car that shifted that quickly. Next level kind of stuff. Very, very impressive. Late brake the corner, get your line, pass the apex, slowly feed in the gas, then mash the throttle and slide to the candy stripe. Indescribible.

My only complaint with it was being a little down on power. I haven't tried it but I'm sure the 458 addressed it.

10k services turns me off though.

Ouch on the GT40. I haven't driven one, but I did see an orange one that had been kitted out at Laguna. Uncorked and boosted, it sounded like nothing I have heard before. 

I saw a few pics of the new Z28 and yeah, I liked the idea of it. I wasn't fond of the different tail light treatment. The 19's look good and there's something to be said for stripped down no frills "go rides" though.

I'm really curious what the new automatic is like with the C7 as well. Being 6'6" and 245lbs. I have to modify the seating situation on just about any car I take autocrossing if it's a manual. Deep dish steering wheel, floor mounted seats with minimal padding or low rise custom brackets, and occasionally cutting out the lower portion of the dash. If I don't, heel-toeing is basically impossible. A well sorted, throttle blipper, automatic 'vette could really do the trick.

BB512? Classic. The only one I've ever seen was Sammy Hagar's. In Tahoe one night, his son Aaron drove it to Cabo Wabo and let my buddy Rob and I futz around with it. 

Gotta love cars. There's worse things to be addicted to :)



Fri, 04/26/2013 - 12:33 | 3502812 de3de8
de3de8's picture

Big10-4. Kind of spooky, I'm 6-8 and 270, (should be 250)! People ask me how I fit in my cars and I just tell them I make it work. Mostly why pick-up is daily transport. When I can, do summit point and vir, only tracks close. Mostly w/Porsche club. I never beat my stuff, just explore the limits. Kinda wish I had a track car that could beat the tar out of though. On the Z, agree that tail lights are a wait and see in person call. I like the look of the twins on current car, likely where they got the c-7's inspiration. I hope it's priced reasonable when hits the street.

Fri, 04/26/2013 - 12:36 | 3502821 de3de8
de3de8's picture


Thu, 04/25/2013 - 07:22 | 3496748 Urban Redneck
Urban Redneck's picture

The higher the paper price of gold, the more paper it costs them to de-lever the system in order to get at the physical (which may or may not lie) at bottom of the inverted pyramid (without crashing the whole thing in the process) - it is in their interest to crash the price if they want their original physical investment back.


Thu, 04/25/2013 - 08:07 | 3496828 rabbitusvomitus
rabbitusvomitus's picture

Perhaps, but IMHO it's not as easy to shake out the "weak hands" when they're actually holding the gold (and silver) and not paper. 

Thu, 04/25/2013 - 18:13 | 3499965 Long_Xau
Long_Xau's picture

You are being your worst enemy here.

I just have this feeling they're letting it rise now to play it the other way and try to shake confidence with another smash down.

Your confidence looks shaken right about now then, doesn't it?

Thu, 04/25/2013 - 01:04 | 3496271 Silver Bug
Wed, 04/24/2013 - 23:22 | 3495914 fonzannoon
fonzannoon's picture

Jon Stewart just did a massive hit peice on gold. He went all out. 

I am never going to hear the end of it here in libdoucheville tomorrow.

Wed, 04/24/2013 - 23:26 | 3495923 DoChenRollingBearing
DoChenRollingBearing's picture

Very funny, LOL!

Good luck tomorrow in libdoucheville!

Wed, 04/24/2013 - 23:51 | 3496008 flacon
flacon's picture

Who is Jon Stewart? Is he from Kitco?

Thu, 04/25/2013 - 00:07 | 3496093 Midas
Midas's picture

Hopefully they will translate Jon Stewart Liebovitz's opinions into other languages, because there are 3+billion asians who disagree with him.

Thu, 04/25/2013 - 00:49 | 3496233 Jack Napier
Jack Napier's picture

Nope, just English, and of course Mr. Stewart's and Mr. Rothschild's native tongue, Yiddish.

Thu, 04/25/2013 - 01:05 | 3496274 i-dog
i-dog's picture

One wonders if both he and his brother (head of NASDAQ) are descendants of Jacob Liebovitz "Frank" ('Frank' was only a nickname given to him in Turkey, due to him not being Semitic) ... the Khazarian-AshkeNAZI founder of the Frankists, and self-proclaimed successor of Sabbatai Zevi. It wouldn't surprise me in the least.

If they are related, then they are very close to the Rothschilds.

Thu, 04/25/2013 - 00:07 | 3496099 A. Magnus
A. Magnus's picture

No, but his brother DOES run the NASDAQ...not that there's a connection, of course!    /sarc

Thu, 04/25/2013 - 03:25 | 3496448 Kirk2NCC1701
Kirk2NCC1701's picture

Betcha 'they' did not expect the massive shift from paper to bullion.  The uptick should help improve supply lines.

Either way, if Stewart is doing his "shtick" on it, it may mean that TPTB are not happy with gold bullion sales.  While we keep stacking, we Can ticle for Leibowitz.  ;-)

Wed, 04/24/2013 - 23:29 | 3495936 FEDbuster
FEDbuster's picture

Why would one live and work in "libdoucheville"?  Anyway here is a joke for you:

Guy goes into a bar in Louisiana where there's a robot bartender!
The robot says, "What will you have?"
The guy says, "Whiskey." The robot brings back his drink and says to the man, "What's your IQ?" The guy says, "168." The robot then proceeds to talk about physics, space exploration, and medical technology.
The guy leaves, . . . but he is curious . . .
So he goes back into the bar. The robot bartender says, "What will you have?" The guy says, "Whiskey." Again, the robot brings the man his drink and says, "What's your IQ?" The guy says, "100." The robot then starts to talk about Nascar, Budweiser, the Saints, and LSU Tigers. The guy leaves, but finds it very interesting, so he thinks he will try it one more time. He goes back into the bar. The robot says, "What will you have?" The guy says, "Whiskey," and the robot brings him his whiskey. The robot then says, "What's your IQ?" The guy says, "Uh, about 50."

The robot leans in real close and says, "SO, . . . you people . . .still happy . . . with Obama?"

Wed, 04/24/2013 - 23:35 | 3495957 caimen garou
caimen garou's picture


Wed, 04/24/2013 - 23:54 | 3496030 Tsunami Wave
Tsunami Wave's picture

Hillarious.. I'll use this to annoy my liberal obama-worshipping morons I still manage to call my friends.  Sigh...I can't wait to move out of the northeast.

Thu, 04/25/2013 - 00:21 | 3496054 Ahmeexnal
Ahmeexnal's picture

with "friends" like those, who needs enemies?

Thu, 04/25/2013 - 01:03 | 3496273 Tsunami Wave
Tsunami Wave's picture

At this point.. with people like those, who needs people.

Wed, 04/24/2013 - 23:25 | 3495925 Dr. Engali
Dr. Engali's picture

The day of the plunge , the way the media was talking about the demise of gold, I expected to see 10% of my gold missing, but nope it was still there.

Wed, 04/24/2013 - 23:27 | 3495935 fonzannoon
fonzannoon's picture

Isn't stewarts bro the head of some big exchange? He got his phone call today and his marching orders.

Wed, 04/24/2013 - 23:41 | 3495984 Dr. Engali
Dr. Engali's picture

Yeah the NYSE a much smaller exchange than it once was. It's more like a trophy property now.

Wed, 04/24/2013 - 23:41 | 3495980 The Second Rule
The Second Rule's picture

Media headlines are the best contraindicator that there is.

Wed, 04/24/2013 - 23:25 | 3495926 JimRogers
JimRogers's picture

So did bitcoin.

Wed, 04/24/2013 - 23:29 | 3495931 JustObserving
JustObserving's picture

Silver needs to rise at least $1.5 to match the rise in gold from its lows.  Silver is lagging gold badly now.

Gold silver ratio now is 61.88.

Wed, 04/24/2013 - 23:31 | 3495945 fonzannoon
fonzannoon's picture

if silver starts rising do theystart relaxing the premiums or am i paying $35 for a $25 ASE?

Wed, 04/24/2013 - 23:37 | 3495963 FEDbuster
FEDbuster's picture

Around here the "in stock" street price is about $30/ASE and $27/round.  Many dealers have sold out or pulled their stock.

Thu, 04/25/2013 - 00:35 | 3496190 Likstane
Likstane's picture

I'll pay whatever premium the dealer wants, and I'll like it, 'cause I got's to have those shiny, hard, metal discs in my hot little greasy palm, fondling them, clicking them together, listening to their metallic peal reverberate in my ever listening ears, sliding them into my pants, feeling the weight of them pressing against my burning thighs, ever cognizant of the friction created as I rub them into my warm flesh. 

ps-Fuck you Bernanke!

Thu, 04/25/2013 - 05:35 | 3496604 StychoKiller
StychoKiller's picture

So are you the screenwriter of "Debbie Does Dallas?"

Wed, 04/24/2013 - 23:28 | 3495937 CURWAR2012
CURWAR2012's picture

STACKING!!!! I can claim to have contributed 1 cent to the recent rise

Thu, 04/25/2013 - 18:34 | 3500070 Long_Xau
Long_Xau's picture

Whatever amount you bought, chances are you are probably underestimating your total influence on the market at a time like this.

Wed, 04/24/2013 - 23:30 | 3495942 e m m
e m m's picture

Every other junk (indices, FX) retraced too following each other (expect the CHF got dumped maybe?). But is this machine driven or not? And what got the momentum started? (If you ignore bad data and the mini flash crash for a second.)

Wed, 04/24/2013 - 23:31 | 3495946 monopoly
monopoly's picture

Patience, Silver will catch up and surprise us all. Everywhere I read they are knocking gold. Bull is over. 800 gold, economy going to grow. All is well. Amazing how they can fool most of the people most of the time.

We are so screwed. 

Wed, 04/24/2013 - 23:35 | 3495956 TheSilverJournal
TheSilverJournal's picture

The mainstream yells sell when it's time to buy. Buy high and sell low, right?...except this is gold and the mainstream never really said to buy gold as the debts don't matter it's all about the velocity of money do nothing rock of a barbarous metal that with no intrinsic value that you can't eat and lis ike a religion because you either believe in it or you don't climbed 600% in a decade, they just yelled sell and after it drops hard they yell sell but only louder.

Please wake those up that listen to these people. Debts do matter and the debts are unpayable. It's a world fiat ponzi being held together by low rates. The only move of the central planners if they want to keep rates low and retain the use of their dear printing press is to print faster to keep rates low.

Thu, 04/25/2013 - 00:15 | 3496132 BigDuke6
BigDuke6's picture

Goldbugs of the world unite!

Thu, 04/25/2013 - 01:04 | 3496272 TheSilverJournal
TheSilverJournal's picture

Or just tell those you care about what's up if you want to see them not die when the bond bubble bursts. No biggie.

The other option for those that realize what's going on is to be too much of a pussy to say anything that's unpopular and keep silent,

Wed, 04/24/2013 - 23:39 | 3495969 bonin006
bonin006's picture

I would describe it as the real physical price leaking back into the paper price

Thu, 04/25/2013 - 03:29 | 3496450 Kirk2NCC1701
Kirk2NCC1701's picture

If so, I'm thinking they are worried about a bullion run going global.  In which case they're better off easing off on the Suppression gas pedal, by letting the price rise.  It's still a Ponzi high-wire act.

Wed, 04/24/2013 - 23:38 | 3495975 The Second Rule
The Second Rule's picture

TPTB have to be sweating when it's obvious people can see through their orchestrated bullshit.

Wed, 04/24/2013 - 23:40 | 3495977 Hulk
Hulk's picture

They will have to let the paper price rise to slow the physical drawdown. Very Interesting.

But after Amro and Cyprus, me thinks the 100th monkey has finally learned to wash his coconut...

Wed, 04/24/2013 - 23:44 | 3495988 caimen garou
caimen garou's picture

fat finger monkeys must be sleeping, if we are lucky they will go into a coma

Wed, 04/24/2013 - 23:50 | 3496018 EconMania
EconMania's picture

Do paper gold holders try to withdraw physical gold any time ? If yes, I would suspect a huge spike in the offing when the physical can't be delivered.

Wed, 04/24/2013 - 23:51 | 3496020 EconMania
EconMania's picture

Do paper gold holders try to withdraw physical gold any time ? If yes, I would suspect a huge spike in the offing when the physical can't be delivered.

Wed, 04/24/2013 - 23:52 | 3496021 EconMania
EconMania's picture

Do paper gold holders try to withdraw physical gold any time ? If yes, I would suspect a huge spike in the offing when the physical can't be delivered.

Thu, 04/25/2013 - 00:02 | 3496067 alentia
alentia's picture

Major shortage in physical is with silver. Once all the order reach miners and those not bound by contracts @$23 will start to raise prices decoupling physical markets from paper. Paper will play catch up game to physical now... if it can.

Thu, 04/25/2013 - 00:05 | 3496083 PathForward
PathForward's picture

Here’s what I think is going on…

If you were TPTB, and you had a massive naked short position in futures contracts for precious metals, and you realized that the world was beginning to wake up to your scam and that it was time for you to end the game, wouldn’t it be a little too obvious if you simply slammed paper prices downward (by selling a large number of additional naked short contracts in a short period of time) and then almost immediately thereafter the COMEX declared they were out of physical inventory, and that any investors standing for delivery would be forced to settle in cash due to a change in rules?

That would be pretty darn obvious to the public that someone was playing *very* unfairly and those folks needed to be held responsible. 

Okay, with that in mind, if you were TPTB, wouldn’t it make sense to time things so that you could create a “shoehorn” so to speak, to realize your strategy? How about this… Plan the price knock down of the precious metals in the paper markets to be significant enough that you’d for *sure* WAKE UP the retail investors to the point where they’d see ridiculous bargains available and they’d completely consume the PM retail inventory, thereby introducing the concept of “shortages” to the public. Wouldn’t that be a perfect shoehorn to protect you from lots of criticism when the COMEX declares default due to lack of inventory shortly thereafter? My hunch is that the gig is almost up, and soon enough precious metals will be even more difficult to obtain than common ammo calibers.

After the COMEX default occurs, what I expect to see, is local coin dealers publishing on their websites the “local” bid and asked prices for gold and silver, and the spreads will likely become fairly dramatic. In addition, I expect websites like to become the new virtual exchanges where people shop for big-picture pricing. In other words, the large PM distributors like APMEX and Blanchard will have their prices displayed on those summary websites thereby serving as centralized pricing references, and the COMEX and the LBMA will no longer be trusted for setting the prices for gold and silver. Prices will once again be set by net summing the *many* forces exerted by individual investors.

So, the following big question now comes to mind: should we expect another significant stair step downward (i.e., another smash down) as TPTB continue executing their strategy? Here’s my best guess… If I were the CEO(s) of the large bank(s) that dumped a *huge* quantity of naked short contracts on the market on Friday and Monday (4/12/13 and 4/15/13), I’d be thinking that it would be likely that an investigation would eventually ensue after the COMEX goes into delivery default, and I’d better have a pretty good story worked up ahead of time that I was prepared to sell to investigators. And since I’d know that my story was going to be difficult to come up with, I’d be thinking that a fundamental property of my story had better be that some time had lapsed between my giant smash down in PM prices, and the eventual delivery default declared by the COMEX. What I’m trying to say, is that to avoid trouble, I don’t think I’m going to execute another large smash down in PM prices right before the COMEX runs out of physical inventory. I think I’d better have my initial price smash down be *more* than what was really required at the time of the COMEX default so that I could allow PM prices to establish a rising price trend as we head into the default, and the final price that the contracts were traded at just before default would be sufficiently low to allow me to settle my short positions thereby netting me billions in overall profit.

Another reason why I wouldn’t execute another significant smash down after the first ridiculously large one, is because within a very short time from the initial smash down, I would expect there to be a substantial number of stories appearing in the news, explaining that the level of demand for physical metal was sharply higher, and for me to execute another large smash down after those stories appeared, would make my story all the more difficult to sell to investigators.

Okay, I know I’m going out on a limb here, but in summary, I’m thinking that TPTB don’t need to execute additional large smash downs in order to achieve their goals.

I believe that junk silver (pre-1965 silver dimes and quarters) followed by 1-ounce silver eagles are the very best silver investments for U.S. citizens, and the reason I say those forms of silver are the best, is because multiple states (including my state, Arizona) are currently considering legislation to allow gold and silver to serve as alternative currencies, without capital gains taxes being applied to the increased values of gold and silver, provided said gold and silver are minted by the U.S. Government.

Thu, 04/25/2013 - 00:15 | 3496135 A. Magnus
A. Magnus's picture

Sounds like a reasonable argument; the only flaw is that it assumes the principal actors (TPTB) are themselves reasonable. I think either way actions over the next couple of weeks should bear this out one way or another. Our time to shine as stackers theoretically should come AFTER a COMEX default...

Thu, 04/25/2013 - 00:48 | 3496230 Bear
Bear's picture

Another premise or assumption that may not be sound is that there would be any kind of investigation surrounding gold / silver for any reason. There are way too many apologists and way too few independent 'regulators'. The only logical agency is the CFTC and they are certainly in the pocket of TPTB or report to those in the pocket of TPTB. The only way this could play out is if a credible whistleblower appeared and could stay alive long enough to expose the truth ... Where is the Pelican Brief?

Thu, 04/25/2013 - 07:42 | 3496781 Urban Redneck
Urban Redneck's picture

Lunch hour constraints... but "COMEX" & "Naked Short" don't belong in the same sentence with TPTB.

Professionals know how to cover at a profit.

Comex can change contract settlement terms at its whenever it wants (the long term risks of doing so are a different issue and changes settlement terms isn't why its the Crimex)

ergo - look elsewhere

One option-

GLD has a big "list" of actual gold bars, Asshat Bullion Storage (among countless others) has a "list" of gold bars - if the powers behind those bars want the bars with those serial numbers back because they want to stop playing this iteration of fleece the sheeple, they have to vaporize competing claims on those bars, tanking Crimex (and covering) is a profitable way to do so because it creates sellers of GLD and unallocated paper gold elsewhere which are competing claims on actual bars.



Thu, 04/25/2013 - 07:45 | 3496785 Ghordius
Ghordius's picture

+1 excellent comment, particularly on the uselessness of talking about TPTB when zooming in in certain scams

Thu, 04/25/2013 - 00:08 | 3496105 GrinandBearit
GrinandBearit's picture

Short covering maybe?

Thu, 04/25/2013 - 00:18 | 3496138 fuu
fuu's picture

Gold Bitchez.

Thu, 04/25/2013 - 00:19 | 3496143 A. Magnus
A. Magnus's picture

Fuck - Something just occured to me: if you look at the ramp since the blueblood fucktard take down, it pretty much MATCHES what the ramps looked like when the last 2 consolidations in gold were over. They purposely donkey-punched the bottom because all the otherwise natural market sentiment was EXACTLY where it needed to be for the next parabolic rally.

These shitbags can only delay the inevitable though...GOLD, BITCHEZ!!!

Thu, 04/25/2013 - 00:42 | 3496203 WhoMe
WhoMe's picture

A bounce was expected. What better way to destroy the confidence of holders of gold than to smack the price down, than allow a gradual bounce and when everyone begins to pile back into gold, smack it down to levels not seen in years. That would pretty much erode the confidence in the metal. I wouldn't be the least surprised if this happened.

Thu, 04/25/2013 - 04:48 | 3496578 zipit
zipit's picture

Yes.  Typical bear markets end with whimpers vs. retail rushing in to buy at the exact right time, which the past week would be if this the end of the bear market (or correction in longer-term bull market).

Thu, 04/25/2013 - 05:03 | 3496583 Acet
Acet's picture

You're missing the funny bit.

Tthe price that was smacked-down was not the price of Gold. What was slammed was the price of Gold-IOUs.

The funny bit is that people didn't piled-up on those "cheap" Gold-IOUs, instead they bought physical Gold, with the even more "funny" effect that physical price moved away from IOU price.

This adds a whole new dynamic: the very high likellyhood that a second smackdown will make people once and for all stop paying attention to the IOU price.

I know I am paying far more attention to the BUY-SELL spread of the coin dealers I trade with than (which by the way would pay me above spot to BUY coins from me) than I do to the COMEX spot price.


Thu, 04/25/2013 - 00:57 | 3496255 Bear
Bear's picture

50% retracement is most logical point for rally peak (or fib 62%) and since initial slam down coincided with breaking support point, I suspect that tomorrow am slam may be quite substantial. Maybe one last try, after all these people follow charts and technical rules. We saw that when every head-and shoulder (in equities) was followed by a huge rally.

Thu, 04/25/2013 - 01:03 | 3496275 AllThatGlitters
AllThatGlitters's picture

Reasonable thought, and silver is only a few percentage points away from a 28% Fib level for a reversal.

Thu, 04/25/2013 - 01:28 | 3496324 Manipuflation
Manipuflation's picture

A very choppy market indeed.

Thu, 04/25/2013 - 01:40 | 3496344 caimen garou
caimen garou's picture

monkeys are starting, they have awaken and are beating the war drums , paper pushing ass wipes!

Thu, 04/25/2013 - 01:44 | 3496349 greggh99
greggh99's picture

They'll probably take it lower. Whatever number they decide to take it down to, that will be the price Cyprus will get for her 14 tons, some of which will go straight into depleted Comex vaults.

Thu, 04/25/2013 - 01:48 | 3496353 Northern Lights
Northern Lights's picture

Currently golds at $1443 US as at 1:44am EST.

As soon as the US markets open, it's gonna drop $30.

US market closes, trades go on during the night following the open Asian markets in places like Singapore, price goes up, and just as they go home from work in Singapore and the North American markets open up...BOOM the price drops.



Thu, 04/25/2013 - 02:04 | 3496373 Bear
Bear's picture

The 'New Normal' Slam Down

Thu, 04/25/2013 - 02:07 | 3496378 mt paul
mt paul's picture

you know where you can stuff

that warehouse deposit receipt...


Thu, 04/25/2013 - 02:13 | 3496389 ThisUsernameFol...
ThisUsernameFollowsTheRules's picture

How can everyone say that PM's and inflation are about to take off, while also saying the stock market is going to crash soon? The stock market crashing would destroy wealth, and be deflationary. You can't have hyperinflation with a bombing stock market. Yet on ZH it's article 1: "PM to the moon!" article 2: "Stock Market about to bomb!" 

If you really honestly believe the fed is going to be printing forever, you would be buying stocks right now. Stocks are where the government will lend support before any major drop happens. With PM you have no such support. Those who bought stocks are really the ones who believe in the fed, those who bought PM are left holding the bag.

If the stock market did have a big drop, PM's would have an even bigger one. For those of you who live in a hole, PM's are correlated with the indices. And not in an opposite way.

Thu, 04/25/2013 - 02:43 | 3496413 akak
akak's picture


The stock market crashing would destroy wealth, and be deflationary.

Wow!  That is such a load of misinformed and fundamentally ignorant crap that it is hard to know how to even begin to refute it.

First off, the stock market crashing would NOT destroy one iota of real wealth, nor has any stock market crash ever done so.  Show me the silos of grain, the buildings, the infrastructure, the gold, ANY physical asset that would be "destroyed" by a fall in the stock market.  Hint: there are none.

All that is 'destroyed' in a stock market crash, or in a real estate crash, or in ANY financial asset crash is the perception of wealth.  That is because the only thing that has truly been lost is fictional and notional valuations, nothing more.  Which is why the second part of your ridiculous statement above is as nonsensical as the first, because as no money (nor real wealth) is destroyed in a stock market collapse, it is in NO way a "deflationary" event.  There was NEVER any real wealth in the paper valuations --- again, we are talking about the collapse of nothing but valuations --- behind those stocks, so no wealth could be destroyed by their decline.

If you believe that stocks represent actual wealth, let's play an imaginary game: suppose that EVERYONE who owns stocks were to try cashing out and selling them all at the same time.  Do you REALLY think that the result of such a scenario would be everyone receiving the "wealth" (or more specifically, the money) that they formerly believed they held in those stocks, and that was now due them from their sale?  Of course, no such thing would happen, because no such thing could happen --- the stock market, and stock valuations, would utterly crash before even a fraction of all stock owners had sold their shares.

You need to learn the very real, and vast, differences between financial assets, wealth and money. They are NOT interchangeable terms!


Thu, 04/25/2013 - 03:28 | 3496449 Bearwagon
Bearwagon's picture

Forget about the need to learn. Who doesn't get it with certificates and such bumf won't learn it with stocks, treasuries or PMs either. There happens nothing new under the sun ...

Thu, 04/25/2013 - 05:53 | 3496620 scatterbrains
scatterbrains's picture

and you didn't even touch on how corrupt the markets and the fed are.

Thu, 04/25/2013 - 10:49 | 3497653 ClumsyBoatman
ClumsyBoatman's picture

Stockz n Sharez Bitchez!!

Fri, 04/26/2013 - 20:06 | 3504382 MeelionDollerBogus
MeelionDollerBogus's picture

2011 - plain as day. Gold can easily slam up while stocks slam down. There is NO deflationary activity - money supply is INCREASING.

Thu, 04/25/2013 - 03:06 | 3496437 rp1
rp1's picture

I pity the fool who buys gold.  Gold is useless.  In any scenario you can imagine where gold is prized and needed, you'd probably be better off buying something else.  Also, governments like to confiscate gold.  They've done it before and it worked.  It's nice to be a contrarian and all, and it was a fun ride up, but know when to step off the ski lift.  Best of luck to all.

Thu, 04/25/2013 - 03:37 | 3496454 Bearwagon
Bearwagon's picture

Papergold is useless. The "market" is big enough to drag the prices where a selected few want them to be. The "papermarket" dominates the physical market and dictates the prices. We all got to accept it - even the metaldealers and holders of bullion, the mining companies and everyone who does real work in the production of PMs. Indeed the "papermarket" is king. The ounces somewhere in the backyard haven't lost weight, but the click- and clownounces that existed on paper only have vaporized. With real metal that wouldn't have happened ...

Thu, 04/25/2013 - 04:42 | 3496568 auric1234
auric1234's picture

And you can't eat it!


Fri, 04/26/2013 - 20:02 | 3504378 MeelionDollerBogus
MeelionDollerBogus's picture

I need only look to history to see you are wrong. When governments confiscate gold they confiscate everything else too, yet it’s easier to carry gold in my pocket than food, water, crops, oil, tools or most other things of need for trade. Diamonds, sapphires, rubies, jade, also fall into the highly portable category.

When things get really bad those who run fastest survive longest and those with gold can do so very well. The trick is balancing what you can carry with how fast you must run & for how long – days or weeks or months – or just a few hours across a border – and so on. The longer the journey the more gold you must carry for trade to get safe passage and food from others who will not kill you to turn you in for a prize or take what you have on you.

See, things are going to get a lot worse than you think they are.

Also, this “useless gold” is what was used to make the electronics all around you including the computer your message came from & every other server it passed through. Certainly only small parts but critical parts.

Thu, 04/25/2013 - 03:36 | 3496452 PUD
PUD's picture

What's it like to be a goldtard consumed with metallic delusions of grandeur?

1. Nothing would please you more than a collapse of the currency even though that would obviously be the greatest crisis humankind has ever known bringing untold hardship to billions

2. Nothing would please you more than a little bit of the ole hyper inflation which would also be the greatest tragedy modern society ever suffered under

3. Nothing would please you more than to have your coin shop stuffed with shiny coins fresh from the smelter by way of the Amazon rain forest, clear cut and poisoned for generations

4. Nothing would please you more than to know thousands of children were working tirelessly in horrid conditions to extract your precious from every mud puddle in the third world

5. Nothing pleases you more than your ability to ignore or reject all the negative consequences your obsession entails. It's a rare man indeed who can turn a blind eye to the massive environmental damage, the cultural carnage, the lasting legacy of toxins that circle the globe.

Yes, those who stack precious are as rare a breed as the putrid material they adore.

Xinlong Mining Corporation, a local state-owned corporation, was visited by Blue Dalian during summer, 2011. According to the local Environmental Protection Bureau, the Xinlong Mining Corporation has accumulated more than 1,000 tons of waste residues at the site, far beyond the waste residue carrying capacity permitted. The investigation team observed piles of waste ore and accumulated waste residues held back by a low dam which were susceptible to being washed into the Biliu River in the event of a heavy rain.

The investigation team also learned that several years ago, waste residues directly leaked into Biliu River by the Xinlong Mining Corporation killed local livestock. Villagers living beside Xinlong Mining Corporation operations also told Blue Dalian that they have had difficulty selling their grain crops, due to concerns that the grain may be contaminated with heavy metals through contact with mine waste. Local people have tended to keep silent about these pollution issues because many of them work at the mine.

People living near Futian Mining Corporation operations told investigators about a suspected cyanide toxin accident. A massive fish kill occurred, and many residents developed thyroid problems, had difficulty breathing, and developed impaired eyesight. Local villagers insisted the government release data on water quality of the local river and information on the contents of the company's waste water ponds, but the government never responded. The factory initially agreed to give monetary compensation to villagers whose health was impacted by the accident, but later broke that promise. Investigators learned from villagers who had connections inside the mine that no protective measures to prevent sewage containing cyanide from polluting the Biliu River were in place, though the company covers toxic residues with dirt so that they are out of sight of inspectors. The villagers now drink water from neighboring villages instead of the local groundwater they have relied upon for generations.

Thu, 04/25/2013 - 03:44 | 3496461 akak
akak's picture

You are a deranged and malicious troll.  Nothing you clutter this forum with has any value nor validity nor relevance whatsoever.

In raising gold to the status of Satan, it is in fact YOU who are religiously devoted to it.  Without your self-created golden devil, would you find your existence meaningless? 

Thu, 04/25/2013 - 03:59 | 3496489 PUD
PUD's picture

no I'm not. I am an honorable man who is not intimidated by the likes of you. Who isn't afraid to take you on and show how deranged, insensitive, callous, capricious, self centered, arrogant and delusional all you goldtards are. I am a free thinker, a man not afraid to view evidence and make intelligent informed decisions even if it goes against my personal desires.

Thu, 04/25/2013 - 04:09 | 3496507 ether
ether's picture

"Narcissistic personality disorder is a mental disorder in which people have an inflated sense of their own importance and a deep need for admiration. Those with narcissistic personality disorder believe that they're superior to others and have little regard for other people's feelings. But behind this mask of ultra-confidence lies a fragile self-esteem, vulnerable to the slightest criticism."

Thu, 04/25/2013 - 04:13 | 3496520 akak
akak's picture

And don't forget to mention how narcissism is closely associated with sociopathology.

Thu, 04/25/2013 - 04:37 | 3496558 Bearwagon
Bearwagon's picture

And normalcy bias! Normalcy bias is always a bitch!

Thu, 04/25/2013 - 04:39 | 3496559 Bay of Pigs
Bay of Pigs's picture

"all you goldtards"


Thu, 04/25/2013 - 04:40 | 3496565 PUD
PUD's picture

Can't think of any group of people who could care less about others than those who mindlessly and willfully horde despite all the evidence of the harm it causes Can you?

Thu, 04/25/2013 - 05:43 | 3496573 akak
akak's picture

Well, assuming that you meant "hoard", you have yet to give us ANY kind of definition of just what your putatively pejorative "hoarding" entails.

And why do we never hear condemnations of those who "hoard" music, or who "hoard" books, or who "hoard" stamps, or who "hoard" photographs?  Why are the accusations of "hoarding" only heard by those who wish to take the rightful (and governmentally coveted) property of law-abiding citizens?

Really, you are so stupid it continues to astound me.  The sheer hateful malevolence of your disingenuousity astounds me rather less.

Thu, 04/25/2013 - 05:46 | 3496614 PUD
PUD's picture

sadly your concept of "law" doesn't include ethical or moral law.

collecting photographs does not entail the use of child labor does it?

Thu, 04/25/2013 - 05:48 | 3496617 Bearwagon
Thu, 04/25/2013 - 05:54 | 3496621 PUD
PUD's picture

There is only "natural" law. All manmade "laws" are really statutes or rules.

The "law' of gravity, the "law" of thermodynamics" etc

Morals fall under that category in so far as it is universally accepted that child rape is immoral..etc

Hoarding gold when you know that you are responsible for child labor, environmental destruction, cultural destruction etc is therefore immoral

Thu, 04/25/2013 - 06:06 | 3496624 Bearwagon
Bearwagon's picture

Morals do NOT fall under the category of "natural law", by which you seem to mean laws of physics. They are completely manmade, and they are anything but universally accepted. The "morals" you talk of, are nothing else than an universal tool of suppression. (And by the way: I didn't send you the link for nothing.) You think Nazis and their ilk were people of low morals? The opposite is true! Again: Get a clue.

Thu, 04/25/2013 - 06:33 | 3496650 PUD
PUD's picture

no, i don't mean only physics. natural law is that which does not need the endorsement of an authority.  gravity does not need to be decreed, do not rape children does not need to be decreed. Certain moral actions are inherent in us and do not need an authority to validate them. Purposeful and willing harm to others...such as gold also an immoral act

Thu, 04/25/2013 - 06:41 | 3496664 Bearwagon
Bearwagon's picture

Gravity does not need to be decreed - right.

"Do not rape children" does not need to be decreed - painfully wrong. This needs to be agreed upon.

Thu, 04/25/2013 - 06:49 | 3496680 PUD
PUD's picture

Oh really? So if you and your buds agreed that it was ok it would be?

Thu, 04/25/2013 - 06:59 | 3496702 Bearwagon
Bearwagon's picture

Indeed so! What would you do about it?

Thu, 04/25/2013 - 06:16 | 3496627 akak
akak's picture

You are as retardedly autistic as the Chinese troll AnAnonymous here on ZH, and your "arguments" are, like his, consistent in their evasiveness, dishonesty, irrelevance, illogic, and the manner in which they run around in tautological circles while never refuting, or being able to refute, the many challenges to your inane and shallow propaganda.

You completely avoided the question of what constitutes "hoarding", an Orwellian term which implies propertarian noncompliance with a covetous and all-powerful pack of thugs, i.e., government.  You attempt to single out gold mining as somehow uniquely damaging to the environmental when it is patently not, and you cast broadbrushed aspersions against those who dare challenge the power of the sociopaths who masquerade as our leaders by merely holding an inert metal, an absurdly innocent act which yet has outrageously been declared a "crime" in the past and may be again.

You are not merely an idiot, but in your malicious and malevolent trolling you display the worst kind of dishonest and craven allegiance to corrupt and increasingly despotic power, both financial and political. 

You are, in short, flat-out evil.

Burn in Hell you bastard.

Thu, 04/25/2013 - 06:35 | 3496651 PUD
PUD's picture

careful with the juvenile name calling or I'll have to report you and ask that you get banned.  you are your own worst enemy

Thu, 04/25/2013 - 06:41 | 3496662 akak
akak's picture

Tread carefully troll --- you have already been reported to the moderator, and I was told that I was far from being the only one to complain about you and request that you be banned.  Expect a warning at the very least --- not that I expect it to have any affect on somebody as rabidly and obsessively dishonest and malicious as you.

If we're lucky, though, you will die in your sleep tonight.  Personally, I would prefer a much more drawn-out and agonizing death for a moral monster such as you.

Thu, 04/25/2013 - 06:48 | 3496676 PUD
PUD's picture

so is that how it is here?  dissenting opinions get banned? Does that include the jew baiters and racists that populate this place or are they ok in your book. why so threatened? Why would facts trouble you? 

Thu, 04/25/2013 - 06:51 | 3496682 Bearwagon
Bearwagon's picture

How it is here is exactly desribed by the rules. There are eight of 'em. You should respect the third of them a bit more ... and the seventh ....

Thu, 04/25/2013 - 19:48 | 3500374 Long_Xau
Long_Xau's picture

If you ever get banned, which btw I am not personally calling for yet, I could see a couple of reasons why that would be justified, and it has nothing to do with dissension. You are not engaging in a proper conversation, which is what is expected in this comment section:
1. You indiscriminately copy and paste excerpts from other people's (mainly MSM journalists) writings in a way that confuses readers as to who wrote it. It also makes it harder to try to verify its accuracy.
2. You do not give proper answers to other people's questions and opinions. You are not showing a genuine attempt at finding a common language.

Thu, 04/25/2013 - 06:50 | 3496679 Bearwagon
Bearwagon's picture

I suggest that we keep him as surrogate for Trav or MDB ...

Thu, 04/25/2013 - 06:56 | 3496696 akak
akak's picture

He'll have to make shorter troll posts to fit into their niches.


Thu, 04/25/2013 - 07:04 | 3496713 Bearwagon
Bearwagon's picture


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