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The Gold, Silver Morning Smackdown Becomes A Smackup As Surge Continues

Tyler Durden's picture





 

After recovering 50% of its record plunge last night, gold continues to rise this morning, topping $1450. Silver is even more exuberant this morning testing up to post-crash-low highs around $23.90. What is more interesting is that for three days in a row, instead of the seemingly ubiquitous morning smackdown of precious metals, we have seen a sudden desperate demand for silver and gold in the US morning.

 

 

Silver is lagging gold's recovery for now...

 

Charts: Bloomberg

 


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Thu, 04/25/2013 - 09:08 | Link to Comment SeverinSlade
SeverinSlade's picture

Gotta cover those shorts.

Thu, 04/25/2013 - 09:11 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

But Jon Stewart promised me.....

Thu, 04/25/2013 - 09:14 | Link to Comment Rubicon
Rubicon's picture

Why keep showing the paper price? Its irrelevant.

Thu, 04/25/2013 - 09:19 | Link to Comment francis_sawyer
francis_sawyer's picture

Smack my bitch up... [I thought that was BANNED from MTV]...

Thu, 04/25/2013 - 09:25 | Link to Comment Pladizow
Pladizow's picture

Of course this is happening.

Those that shorted 500 tonnes of paper gold, have to close their positions and buy back the contract - hence the rally!

Thu, 04/25/2013 - 09:29 | Link to Comment malikai
malikai's picture

Meanwhile, BTC is up almost 300% from its lows from its own "crash". But I guess BTC is only noteworthy when it's sensationalistic enough to be used to make a point.

Thu, 04/25/2013 - 09:35 | Link to Comment toys for tits
toys for tits's picture

BTC can't lick the sweat off of gold's golden balls.

Thu, 04/25/2013 - 09:44 | Link to Comment Pinto Currency
Pinto Currency's picture

Physical demand was already getting intolerable - and then Cyprus and the revelation of the G20's push for property bail-in seizure followed by the price smash has driven gold and silver physical demand much higher.

Most are focused on the price of gold and silver. 

It's all about the flows and the desperation to secure physical - the physical gold and silver rehypothecation situation has become visible to some who thought they owned gold and it will become increasingly known as 'owner' after owner of phyz is shut out when they ask for their property.

Thu, 04/25/2013 - 09:45 | Link to Comment Thomas
Thomas's picture

So I take a ritalin to write a fucking grant proposal (spending your tax dollars) and I find myself over at Twitter breaking records. This is not how I pictured it working out. With that said, go gold! Yeeeeoooow.

Thu, 04/25/2013 - 10:32 | Link to Comment fourchan
fourchan's picture

the institutional naked shorts must be shitting themselves on every rise and the massive consumption of all america's gold.

Thu, 04/25/2013 - 11:30 | Link to Comment fonestar
fonestar's picture

Who cares about silver priced in Benny Bux?  Just buy the shit while you can until your fingers bleed.

Thu, 04/25/2013 - 10:21 | Link to Comment malikai
Thu, 04/25/2013 - 09:42 | Link to Comment Pinto Currency
Pinto Currency's picture

dup

Thu, 04/25/2013 - 23:32 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Btc has the intrinsic value of pocket-lint. A pgp-signed note for amounts of gold or silver I’m proven to hold has more value than btc.

Thu, 04/25/2013 - 09:28 | Link to Comment MagicHandPuppet
MagicHandPuppet's picture

I'm out of powder.  All in.  I'm ready for blast off.  Let the currency collapse accelerate to warp speed in 3...2...1...

Thu, 04/25/2013 - 09:36 | Link to Comment Bearwagon
Bearwagon's picture

... ZERO ... Hmm, strange ... nothing happened. I guess, that means we have been saved again, right?

Thu, 04/25/2013 - 10:23 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Carefull out there as the perpetrators of the gold smack down were not exposed, they may feel comfortable to do it again. I am staying put for a while

Thu, 04/25/2013 - 09:31 | Link to Comment tmosley
tmosley's picture

They banned all music from MTV.

Thu, 04/25/2013 - 09:33 | Link to Comment francis_sawyer
francis_sawyer's picture

true dat

Thu, 04/25/2013 - 09:34 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

It was all downhill when Martha Quinn left.

Thu, 04/25/2013 - 09:35 | Link to Comment Bearwagon
Bearwagon's picture

When Beavis and Butthead left!

Thu, 04/25/2013 - 09:57 | Link to Comment therover
therover's picture

When the MTV astronaut left.

The M stood for MUSIC. Now it stands for MUSH. 

Some of the originals are on SAT radio which is cool. 

Thu, 04/25/2013 - 11:21 | Link to Comment Race Car Driver
Race Car Driver's picture

It never stood for a damn thing - eMpTVision.

Thu, 04/25/2013 - 13:50 | Link to Comment imbtween
imbtween's picture

nah, she was mediocre. Matt Penfield was the best.

Fri, 04/26/2013 - 14:19 | Link to Comment mkkby
mkkby's picture

Why do you even know what's on MTV, or any TV?  Do you enjoy being lied to and supporting your own serfdom?  Wakey, wakey little sheep.

Thu, 04/25/2013 - 09:19 | Link to Comment nugjuice
nugjuice's picture

So we have a lot of moving pieces. Let's try to piece them together.

Other countries repatriating gold? What if the Fed didn't have enough? This is something we've all thought about.

What if the JPM vault ransacking and the gold smackdown was to attempt to drive the price down so they could buy up the physical to replace in the vault? That could also help explain the physical PM shortages.

This could also explain any subsequent panic buys. Imagine you short gold with everything you've got to try to scare people out of it and the opposite happens, with people lining up around the block? I'd be pretty worried too.

How much unregistered gold is really left?

Thu, 04/25/2013 - 09:30 | Link to Comment tarsubil
tarsubil's picture

Did the US close the gold window after they ran out of gold? No, I think those real oligarchs know the value of gold. They are not going to use up all the physical gold in trying to manipulate COMEX prices. I think the game will continue on a while longer until everything goes poof and everyone lays their cards (how much real gold they are holding) on the table. My guess is that the US oligarchs will have the biggest stash of gold when all is said and done.

Thu, 04/25/2013 - 09:39 | Link to Comment toys for tits
toys for tits's picture

As long as they keep paying the fees for renting the gold, the game continues despite the rented gold being turned into jewelry and sold.

It will be fun to watch the finger-pointing.

Thu, 04/25/2013 - 09:42 | Link to Comment SilverDOG
SilverDOG's picture

US oligarchs will not be living in US when any declaration, or revelation, of their possessions comes forth.

 

Thu, 04/25/2013 - 12:56 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

They have ALREADY been 'Simonized'. They got multiple homes in the world, and they swap within their network when they want to visit a place where they don't own a home.

You and millions of 'patriotic' people are just 'useful tools' to them. And it has ALWAYS been that way, poor malleable peasants.

Thu, 04/25/2013 - 09:45 | Link to Comment cynicalskeptic
cynicalskeptic's picture

Nobody ever accounted for Yamashita's treasure - all the gold looted by Japan from Asia during WWII.    Rumors are it went into black funds (with an appropriate skim off the top for the CIA types and their friends).   The question is  whether or not the US fed what was left to the Arabs under the table in exchange for oil...

Of course Bix Weir could be right and this is a deliberate system crash and reset - with the US hoarding its treasure for the aftermath..... I just don't believe anyone or any group is that selfless.

Thu, 04/25/2013 - 13:00 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

What about the hundreds & hundreds of tons of Iraqi and Libyan gold? It sure as hell isn't there any more.

In NY, West Point, Denver airport, Negev desert, or spread over a dozen other places by its thieving 'liberators'?

Thu, 04/25/2013 - 14:47 | Link to Comment Lord Koos
Lord Koos's picture

When it goes down, it's irrelevant but when it goes up, it's not.  Such is the logic at ZH.

Thu, 04/25/2013 - 09:27 | Link to Comment Croesus
Croesus's picture

Beppe Grillo is the only comedian I would ever consider taking investment advice from......

Thu, 04/25/2013 - 09:31 | Link to Comment kito
kito's picture

Ever hear of george Carlin........?

Thu, 04/25/2013 - 09:34 | Link to Comment Bearwagon
Bearwagon's picture

Keep on mentioning him. :)

Thu, 04/25/2013 - 09:34 | Link to Comment Pinto Currency
Pinto Currency's picture

Grillo mocks gold.

He's also financed by Soros.

Thu, 04/25/2013 - 09:36 | Link to Comment Croesus
Croesus's picture

@ PInto Currency:

Thought he hated the banksters (and for that reason assumed he was pro-gold.) I humbly stand corrected.

@ Kito:

Carlin's one of my favorites. The man was a genius.

Thu, 04/25/2013 - 10:15 | Link to Comment Temporalist
Temporalist's picture

I think Grillo mocks the banks owning/hoarding the gold and that it is not exchanged freely - he does not mock the idea of people using it as money.

Thu, 04/25/2013 - 10:08 | Link to Comment slaughterer
slaughterer's picture

Let's see a little Cartel panic short covering in action, bitchez.  

Fuck you, Blythe/Jamie.  

Thu, 04/25/2013 - 09:08 | Link to Comment kliguy38
kliguy38's picture

Relax wait until they realize that the buying is not stopping for the bullion then they will hit the panic button at the fix......watch that one

Thu, 04/25/2013 - 09:10 | Link to Comment Stuart
Stuart's picture

Get your physical bullion now, WHILE YOU STILL CAN!   The tea leaves say you won't be able to for long if you hold it at a major bank, anywhere, allocated or not.  So many people are going to be MF Globaled, it's crazy.  Why the industry plays along like patsies and refuses to set its own price is mystifying.  They have the power to but they don't. To see Newmont or anothe rmajor come out and say "we will no longer abide by the paper driven manipulated prices.  Our shareholders and local stakeholders deserve better.   If y ou want our gold, it's spot plus 33% premium".   Daydreaming I am.

Thu, 04/25/2013 - 09:21 | Link to Comment Rubicon
Rubicon's picture

Bullion availability will ultimately dictate paper price... and thats when they get nasty.

Thu, 04/25/2013 - 11:15 | Link to Comment chdwlch1
chdwlch1's picture

If you could literally conjure money out of thin air, would you allow 'others' to own/control the only competing currencies to yours?  TPTB have used their powers to create credit to obtain control over the mining companies (and their true competition).  I don't think they would leave that to chance.  (I'm almost positive Rio Tinto is controlled by the oligarchs...not sure on the other majors).

Thu, 04/25/2013 - 11:48 | Link to Comment americanspirit
americanspirit's picture

One ounce PAMP Suisse bars with assay are being offered at $2000-$2300 on eBay. Hefty premium indeed! Doesn't mean they're selling at that price, of course, but since eBay is totally 'monkey see, monkey do' when it comes to pricing I imagine that there is already a history at that price.

Thu, 04/25/2013 - 09:12 | Link to Comment sudzee
sudzee's picture

CAN'T LET THEM TAKE DELIVERY!!!

Slamdown in 3-2-1.

Thu, 04/25/2013 - 09:24 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

If someone actually does manage to take delivery.....please send me pictures of that.

Thu, 04/25/2013 - 09:27 | Link to Comment Pladizow
Pladizow's picture

COMEX: "We Dont/Cant Deliver."

Thu, 04/25/2013 - 09:33 | Link to Comment Stuart
Stuart's picture

And one day, probably soon, one of those COMEX SOBs is going to say that to the wrong person.  We'll know that when we read about in the paper.   "body of COMEX official found face down in a ditch somewhere in New Jersey".     

Thu, 04/25/2013 - 13:05 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

As I already mentioned yesterday, TPTB cannot afford to let the PM bullion run become global, or it turns into a monetary crisis.

Likewise, they can't have it spooking the herd if it goes too high too fast. So they will keep it in Max-Min limits.

Plan accordingly.

Thu, 04/25/2013 - 09:34 | Link to Comment Sheeple Shepard
Sheeple Shepard's picture

It doesnt matter, they will instead send lots and lots of brand new $100 bills, that have "Gold Colouration" on them, and you will be relieved.

Thu, 04/25/2013 - 09:12 | Link to Comment MFLTucson
MFLTucson's picture

Complete clown show with these MF's.  Hope the Comex explodes and takes JP Morgan down!

Thu, 04/25/2013 - 09:52 | Link to Comment TeamDepends
TeamDepends's picture

Blythe deserves to be sentenced to a male prison....

Thu, 04/25/2013 - 10:15 | Link to Comment slaughterer
slaughterer's picture

... with no KY gel rations.  

Thu, 04/25/2013 - 11:16 | Link to Comment Isotope
Thu, 04/25/2013 - 09:54 | Link to Comment Urban Redneck
Urban Redneck's picture

You realize if JPM was actually spectacularly short Comex gold contracts, that they would walk away even richer by the Comex going down?

I know there's a money making opportunity in there somewhere...

 

Thu, 04/25/2013 - 12:46 | Link to Comment tbd108
tbd108's picture

According to Ted Butler, likely to be the leading honest silver expert in the world. JP Morgue is now long.

Thu, 04/25/2013 - 09:11 | Link to Comment SheepDog-One
SheepDog-One's picture

How can this be? Bloomberg just asserted the fact that gold will obviously go to $800 next!

Thu, 04/25/2013 - 09:16 | Link to Comment Pharming
Pharming's picture

Can you imagine living in a world where up was up and down was down?  And good things made the markets go up and bad things made the market go down?  Ahhhh....the days of wine and roses.

 

Thu, 04/25/2013 - 09:27 | Link to Comment Sheeple Shepard
Sheeple Shepard's picture

With all the reported physical shortages at the moment, can you imagine what would happen at $800!

 

Thu, 04/25/2013 - 09:43 | Link to Comment Deo vindice
Deo vindice's picture

Walmart would be selling "made in China" gold bars, maybe? (without the Warning labels of tungsten content)

Thu, 04/25/2013 - 12:29 | Link to Comment laomei
laomei's picture

Bars made in China are going to be pure gold... it's the bars made in the US that you have to be on the lookout for.

Thu, 04/25/2013 - 09:44 | Link to Comment Stuart
Stuart's picture

I'ts Bloomberg.  "Nuff said.   

Thu, 04/25/2013 - 10:39 | Link to Comment EmileLargo
EmileLargo's picture

Bloombrain only hires journalists that have had a lobotomy.

Thu, 04/25/2013 - 09:15 | Link to Comment Manipuflation
Manipuflation's picture

Good.  Now gimme a beer, it's already 8:10 AM.

Thu, 04/25/2013 - 09:17 | Link to Comment Fiat Burner
Fiat Burner's picture

Watch out for a bull trap. What better way to decimate confidence in the metals than to let this rise for awhile to sucker everyone back in and then crush it again?

Thu, 04/25/2013 - 09:20 | Link to Comment unwashedmass
unwashedmass's picture

 

that works if you don't have all this physical leaving the warehouses....and people finding out about it. now, if they smack it down, people will just buy more.....

i know i've got a hefty cash reserve ready to walk in and buy with both hands at 900

Thu, 04/25/2013 - 09:24 | Link to Comment ziggy59
ziggy59's picture

900?? Youre not truly planning on getting any then, are you?

Thu, 04/25/2013 - 09:41 | Link to Comment Deo vindice
Deo vindice's picture

If you're waiting for 900, then I hope you get a great sense of pleasure of holding onto your fiat. Because you'll have it for a long time.

Thu, 04/25/2013 - 09:26 | Link to Comment Almost Solvent
Almost Solvent's picture

If it gets to $900, then "they" have fucked themselves royally.

Thu, 04/25/2013 - 09:30 | Link to Comment BLOTTO
BLOTTO's picture

Evil is dysfunctional...thats why 'they' are in this mess.

Thu, 04/25/2013 - 09:45 | Link to Comment JPM Hater001
JPM Hater001's picture

Ever heard of Hanslon's Razor?

Never attribute to malice that which is adequately explained by stupidity.

Thu, 04/25/2013 - 10:08 | Link to Comment Bearwagon
Bearwagon's picture

Hanlon's Razor is great.

Thu, 04/25/2013 - 11:38 | Link to Comment css1971
css1971's picture

"adequately explained" are the operative words.

Thu, 04/25/2013 - 23:46 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

it’s consistently wrong. Most people who do evil then pretend they didn’t know better and the gullible sheep believe it. That’s how we got into this mess to begin with.

 

Thu, 04/25/2013 - 09:32 | Link to Comment new game
new game's picture

a bullshit trap-eh!

many mouths are open and flapping and not saying much...

Thu, 04/25/2013 - 12:42 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Yeah, kinda like you.

Thu, 04/25/2013 - 14:06 | Link to Comment imbtween
imbtween's picture

I disagree with the bull trap idea, as the retracement above the various MAs will support the bull case and all the stopped out paper traders will be back in long.

Thu, 04/25/2013 - 09:17 | Link to Comment Hulk
Hulk's picture

They had to let the price rise to slow the physical hemmorrhage.

Very interesting dilemma they suddenly find themselves in...

Thu, 04/25/2013 - 09:30 | Link to Comment The Master
The Master's picture

Their chief strategy for the financial system is "trial and error."  Of course they didn't see the "physical hemorrhage" (great phrase btw) coming!  

Thu, 04/25/2013 - 14:16 | Link to Comment debtor of last ...
debtor of last resort's picture

'They' will crash it to under $18,- and settle the comex default in dollars.

Thu, 04/25/2013 - 09:21 | Link to Comment PUD
PUD's picture


The high price of gold: death and destruction in Amazon mineral rush

http://www.guardian.co.uk/environment/2011/sep/26/amazon-gold-rush-price...

one of the many consequences you support for your precious

Thu, 04/25/2013 - 09:24 | Link to Comment StrangerThanFiction
StrangerThanFiction's picture

We are going to ruin the ecosystem any way you look at it. I would rather not be poor it's simple as that.

Thu, 04/25/2013 - 09:25 | Link to Comment PUD
PUD's picture

The idiocy of that remark leaves me speechless 

Thu, 04/25/2013 - 09:30 | Link to Comment Acidtest Dummy
Acidtest Dummy's picture

Thank goodness, I hope it's permanent.  :)

Thu, 04/25/2013 - 09:31 | Link to Comment RSBriggs
RSBriggs's picture

We all wish....

Thu, 04/25/2013 - 09:31 | Link to Comment Hulk
Hulk's picture

My maples are sourced from above ground nuggets. I have a signed certificate of authenticity from the guy who stubbed his Toe. So I'm good...

Thu, 04/25/2013 - 09:38 | Link to Comment PUD
PUD's picture

Don't you goldtards have to pass a minimum iq test to post here?

Thu, 04/25/2013 - 09:42 | Link to Comment toys for tits
toys for tits's picture

Why don't you get back to tugging on your ... PUD?

Thu, 04/25/2013 - 17:20 | Link to Comment akak
akak's picture

He lost his tweezers.

Thu, 04/25/2013 - 09:42 | Link to Comment Rubicon
Rubicon's picture

.

Thu, 04/25/2013 - 10:04 | Link to Comment therover
therover's picture

Yes, and the only reason you are here is because we let you cheat off of us. 

Please remember to bring your #2 pencil next time. 

Thu, 04/25/2013 - 12:00 | Link to Comment bonderøven-farm ass
bonderøven-farm ass's picture

PUD has already eaten his #2 pencil and is finishing off the Elmer's paste as we speak.  I've a rose colored crayon I could loan him....

Thu, 04/25/2013 - 12:31 | Link to Comment DosZap
DosZap's picture

Don't you goldtards have to pass a minimum iq test to post here?

Do you get IQ?.

Thu, 04/25/2013 - 09:46 | Link to Comment cynicalskeptic
cynicalskeptic's picture

Mine came from melted Incan treasure - before I lost it in an unfortunate boating accident.

Thu, 04/25/2013 - 11:06 | Link to Comment scrappy
scrappy's picture

I'm going to check on that rock in my shoe, who knows!

Thu, 04/25/2013 - 09:35 | Link to Comment Mototard at Large
Mototard at Large's picture

People that own iPhones knowing that serf like workers in China are committing suicide as a way of getting out of their work place strike me as idiots as well.  Any commonts on that Ms Pud?

Thu, 04/25/2013 - 09:36 | Link to Comment PUD
PUD's picture

yes, an honorable person knowing that should not buy an iphone.

Thu, 04/25/2013 - 09:50 | Link to Comment new game
new game's picture

they surveyed toyota prius owners and asked them about the economics of their car and why they bought it;

results - clueless and for image.

are you right, but in the wrong crowd?

tells the whole story-hollywood green idiots for vanity.

wish i had that much money to impress you.

a fucking joke-wake up dude...

Thu, 04/25/2013 - 09:53 | Link to Comment Bearwagon
Bearwagon's picture

And the aforementioned "honorable person" (what's that anyways?) would exactly achieve what? by not buying the phone?

Thu, 04/25/2013 - 19:13 | Link to Comment rwl160
rwl160's picture

PUD.. don't worry so much about the earth..its been here for millions of yrs

its going to be fine in the long run.. humans not so much...

and who knows maybe it needed plastic.

Thu, 04/25/2013 - 09:53 | Link to Comment Manipuflation
Manipuflation's picture

Apparently not speechless enough though...

Thu, 04/25/2013 - 10:05 | Link to Comment StrangerThanFiction
StrangerThanFiction's picture

At this point with 7 billion of us on this planet the only manner in which to live without having a negative impact on the environment is to live like a deer in the woods. So why don't you leave your computer, cell phone and all your electronics which all contain silver and do that. Go live in the woods like a deer.

Thu, 04/25/2013 - 23:38 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

the idiocy of your own remarks should leave you speechless yet there’s more trolling messages, nonstop from you. Do what you say and be speechless.

Thu, 04/25/2013 - 09:26 | Link to Comment outofideas
outofideas's picture

You keep posting that in every thread but .. do you want me to show you the deforestation for food people want to eat? Do you want me to show you what zinc mining does so people can drive their precious little Priuses around?  Want to see soil and mineral erosion from intensive agriculture designed to grow the dumbest fuel we got (ethanol)?

Now lets consider the alternative, the South American governments realize that they can't stop gold mining and actually regulate it, add environmental restrictions to ensure as much of the woods as possible still stand, and use the tax money raised to pay for tree replanting and land cleanup. Which method do you think will be more effecting in the long run.

Please go hug a tree, it's not like we don't know that humans have an impact on the world they live in, but prohibition always makes things worse (see alcohol, drugs, etc).  I wonder if you would be happier if the gold miners left the trees alone but went around stabbing people for their gold teeth.

Thu, 04/25/2013 - 09:31 | Link to Comment PUD
PUD's picture

There is a difference between willful impact and impact that one has no choice in. your argument is no argument at all

Thu, 04/25/2013 - 09:44 | Link to Comment toys for tits
toys for tits's picture

Easy to be a critic...difficult to be a creator.

So what's your idea?

 

 

(I didn't see the 'Don't feed the trolls' sign).

Thu, 04/25/2013 - 09:44 | Link to Comment Manipuflation
Manipuflation's picture

Neither is yours PUD.  I have some friends in Hibbing.  I invite you to come to MN so we can go out drinking with them.  You can talk about your anti-mining views with them and see what happens.  They are a bunch of DFLer's too so I'm sure you will get along just fine with them and that nothing really, really bad would happen to you.

 

http://www.youtube.com/watch?v=XDohyM_VnE8

Thu, 04/25/2013 - 09:47 | Link to Comment Bearwagon
Bearwagon's picture

And this difference lies exactly in what? Please, enlighten me.

Thu, 04/25/2013 - 09:56 | Link to Comment new game
new game's picture

MN. ha, nice spring we are having...

18 " of ice . 4/25 crazy mon, crazy...

global warming once again...

Thu, 04/25/2013 - 10:23 | Link to Comment fuu
fuu's picture

65 this weekend though!

Thu, 04/25/2013 - 23:37 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

aberration. I’m far north of you and we  had barely any snow for the winter, in total (a few heavy days) and none is coming back here.

Thu, 04/25/2013 - 09:56 | Link to Comment Pareto
Pareto's picture

When PUD shows up, I just rifle through all the comments and down arrow him wherever I see him.  Saves me having to read the same bullshit over and over and over and over.  Makes me feel better.

Thu, 04/25/2013 - 09:52 | Link to Comment outofideas
outofideas's picture

Your answer is not an answer. Everything is willful impact. We don't accidentally mine zinc, we don't accidentally build large sludge piles in China or India when we recycle computers or ships, we don't accidentally strip mine the top soil of every thing needed for life, then add back phosphorus and nitrogen. There aren't a lot of farmers being clumsy with large barrel of Roundup they bought on ebay as collectible, whoops I again spilled my collectible poison over corn, I'm such a klutz.

We always have choices, and we sometime make good ones and sometime make bad ones. One day will make a really big one and aliens explorers will wonder how the fuck we managed to create wasteland only inhabited by self aware tamagachi or maybe one day we'll figure it out and learn to balance shit out.

If you want to rage at someone rage at the notion that governments have always made currency untrustworthy. If you trusted your fiat money, no one would care about gold. If you trusted a gold backed paper currency from not being cheated upon, no one would care about mining gold. Precious metals are a way to short governments.

And no, I don't know how to fix the long boom and bust cycle of revolution->republic->democracy->tyranny->revolution and its financial implications.

Thu, 04/25/2013 - 10:02 | Link to Comment toys for tits
toys for tits's picture

Here's an article from the same paper PUD posted deriding tin mining.

http://www.guardian.co.uk/environment/2012/nov/23/tin-mining-indonesia-b...

Thu, 04/25/2013 - 17:12 | Link to Comment Long_Xau
Long_Xau's picture

Damn! I knew all tinfoil hat wearing people are actually anti-nature!

Oh, wait, tinfoil is not actually made of tin? Never mind.

Thu, 04/25/2013 - 10:00 | Link to Comment Urban Redneck
Urban Redneck's picture

If we can convince him to stop buying CFL lighbulbs and lithium batteries, and thereby creating TOXIC waste dumps in his own hometown, perhaps he would be post less often...

Thu, 04/25/2013 - 10:15 | Link to Comment PUD
PUD's picture

We impact the environment to feed ourselves. That is just. impacting the environment when you do not have to is unjust. You do not have to support the horrific mining of your precious...you choose to with willful disregard of all its negative effects. Says perfectly what your character is composed of.

Thu, 04/25/2013 - 10:38 | Link to Comment outofideas
outofideas's picture

Unjust? It speaks to your feeble mindedness that you even associate that concept with this conversation. Is it just when a cat plays with its still living food even if it isn't hungry? Guess what, we could live off grubs and berries and maybe we wouldn't impact the environment to feed ourselves. Of course, 99% of the population would be dead, but that would be more just, right?

The problem I have with statements like yours is that they come from people who refuse to accept reality and assign ubermencht attributes to the human race. You refuse to accept that human are animals, and I don't mean that in a deprecating way, but in the biological sense. A species that doesn't actively seeks to expand and dominate the ones around it, is a species that is dying. As we've reached the point where we own the planet in nearly every sense of the word we have two choices: expand and get off the planet or die a slow and painful death. Resources really are a zero sum game when you are trapped in a close resource loop with a growing population, which is also why so called resource economies will never work. They assume that there will never be a sociopath or even a mildly self center asshole who will want more for herself because of simple biological drives wired over billions of years of evolution. The assumption that humans are different from ants from the standpoint of evolutionary drive is what gives rise to collage bull sessions by people who end up serving coffee for the next 10 years.

If you want to solve the problems of the world and save the environment, get off ZH and figure out a way for humanity to spread among the stars (while not getting eaten by xenomorphs). Not only would you save the environment but you would be a hero to the human race too.

Thu, 04/25/2013 - 23:37 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

NO IT IS NOT. The environment produced food for living things with NO material impact, as all living things were also food, even their waste was food for bacteria. Humanity changed everything with ALL mining and ALL over-populations from SLAVE ANIMALS. We kept them too safe, then boosted our numbers, thus starving many things of plants to eat as WE fed our animals, then overstuffing OUR mouths so we made way more babies than what nature would allow normally. The price for this imbalance is WILFUL damage upon nature. HUMAN SEWAGE does more damage to the environment than total mining across the entire planet.

Thu, 04/25/2013 - 23:34 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

no difference, no willful impact: all of this activity is without choice and without it, including gold mining, civilization would collapse faster than you can even dream of. Those gold mines are CRITICAL to civilization.

Thu, 04/25/2013 - 09:30 | Link to Comment Manipuflation
Manipuflation's picture

"A toxic mix of gold, greed and alcohol"

That's impossible.  That article is full of shit just for that statement alone.  I think I hit a Spotted Owl on my way into work today with my gas guzzling 4x4 truck.  Didn't hurt the truck though thank God.  Not sure about the owl though.

Paging AKAK

Thu, 04/25/2013 - 09:38 | Link to Comment Agstacker
Agstacker's picture

It's not that gold has become more valuable, it's that the value of the dollar is becoming less valuable.  If you want to place blame, place it where it belongs, with the federal reserve.

Thu, 04/25/2013 - 13:53 | Link to Comment FreeMktFisherMN
FreeMktFisherMN's picture

while obviously gold preserves purchasing power/prevents someone from getting wiped out as could happen if holding nothing but fiat, gold also enhances purchasing power (if productiviity is high). More goods/services produced relative to supply of gold means prices go down in terms of gold. 

Thu, 04/25/2013 - 09:40 | Link to Comment gonetogalt
gonetogalt's picture

Nice article on Guyana. Personally, I love it here.  My miners work for a percentage of production, feed their families, build nice homes, send their kids to school, and enjoy a rising standard of living.  There was plenty of crime here when gold was $300 an oz, that's the culture. Too bad about the American father and son, but we all know the risks. Assinine tight gun control laws are responsible for the sucess of criminality here though. Please buy gold, we'll keep mining.

And, fuck you very much, Pud

Thu, 04/25/2013 - 09:48 | Link to Comment Jim B
Jim B's picture

Yawn...

Thu, 04/25/2013 - 11:00 | Link to Comment joego1
joego1's picture

Pud, do you honestly think that mom and pop gold and silver buyers trying to preserve a little bit of what they have worked for all of their lives is causing this problem?

Thu, 04/25/2013 - 12:22 | Link to Comment DosZap
DosZap's picture

Pud, ok, you have been playing the same fricking tune all week, PLS go play with your PUD in a corner now!!.

You should be FAR more concerned about FukUSshima.

Thu, 04/25/2013 - 13:59 | Link to Comment Ckierst1
Ckierst1's picture

Could it possibly be that if we had truly free laissez faire markets rather than mercantilistic corporate/political elitism (essentially socialism) that the true costs of gold (and other) mining would would come to bear and also perhaps the artisanal miners would find healthier careers?  Have you ever considered the possibility that globalism and global environmentalism via the UN Agenda 21 might be really playing to the hands of the global elites to control the works?

"I care not what puppet is placed on
the throne of England to rule the Empire, ...
The man that controls Britain's money
supply controls the British Empire.
And I control the money supply." - Baron Nathan Mayer Rothschild    

"GIVE ME CONTROL OF A NATION'S MONEY AND I CARE NOT WHO MAKES THE LAWS." -- Mayer Amschel Rothschild
Source: in 'The Creature from Jekyll Island' p. 218

Looks like a multigenerational slogan - no reason why it can't work globally as well as nationally, is there?  Why limit yourself.

 

PS:  The Rothschilds are really into global environmentalism.  You're not a Rothschild by chance, are you?

 

 

Thu, 04/25/2013 - 23:37 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

actually most Amazon damage is to clear space for farming, not mining

Thu, 04/25/2013 - 09:20 | Link to Comment fuu
fuu's picture

Thank goodness! Those little mine children will be able to eat tonight!

Gold, it's for the children.

Thu, 04/25/2013 - 09:24 | Link to Comment PUD
PUD's picture

quite the evil reply

Thu, 04/25/2013 - 09:26 | Link to Comment fuu
fuu's picture

You're the one that wants to starve children.

Thu, 04/25/2013 - 09:38 | Link to Comment francis_sawyer
francis_sawyer's picture

You never see stories of little kids down in mines jumping off of tall buildings, do you?... DO YOU?!...

Fri, 04/26/2013 - 20:22 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

EPIC … wish I could +100 that

Thu, 04/25/2013 - 09:34 | Link to Comment tmosley
tmosley's picture

Feeding hungry children is evil?

Perhaps you ought to set up a human hunt in these mining areas.  Thin the population to a more sustainable level.  That would be the humane thing to do.  You know, rather than removing their only economic opportunity and causing them to starve to death.

But hey, libs gonna lib.

Thu, 04/25/2013 - 09:44 | Link to Comment francis_sawyer
francis_sawyer's picture

When it says LIBby LIBby LIBby on the label, label, label, they will steal it steal it, steal, it, off your table, table table...

Thu, 04/25/2013 - 10:16 | Link to Comment youngman
youngman's picture

I am going to send the Green Giant over to your house to beat you up...

Thu, 04/25/2013 - 09:40 | Link to Comment Bearwagon
Bearwagon's picture

Oh, cry me a river. I told you where you are, and that there are rules at this place, you should mind. This is ... uhm ... I promised not to talk about it. But nevermind, take off your shirt and shoes!

Thu, 04/25/2013 - 09:22 | Link to Comment Navymugsy
Navymugsy's picture

This is commodity schizophrenia at its best. Or worst if you were sucked into going short the precious...

Thu, 04/25/2013 - 09:24 | Link to Comment Divine Wind
Divine Wind's picture

 

 

Be a Whiz,

Buy the Phyz,

Kill the Paper Biz

 

Thu, 04/25/2013 - 10:04 | Link to Comment toys for tits
toys for tits's picture

 

Kill the Paper Biz

 

Buy physical gold and save a tree.

See PUD, buying physical gold helps save the environment.

Thu, 04/25/2013 - 09:24 | Link to Comment ziggy59
ziggy59's picture

Today is first day of settlement, no?

Thu, 04/25/2013 - 10:00 | Link to Comment balanced
balanced's picture

Ya. Three business days prior to the 1st.

Thu, 04/25/2013 - 09:24 | Link to Comment kragsquest
kragsquest's picture

Where have we seen this pattern before?  Yes, we are going higher, much higher!!!

Thu, 04/25/2013 - 13:36 | Link to Comment Ckierst1
Ckierst1's picture

This time is different?

Thu, 04/25/2013 - 09:28 | Link to Comment TrumpXVI
TrumpXVI's picture

I love the smell of elevated gold and silver prices in the morning....smells like....VICTORY!

Thu, 04/25/2013 - 09:35 | Link to Comment colin
colin's picture

50cents is not a surge, sounds like silver doc. Price Rockets! Surge, Storms up Launches , Moon shoot ect...

10$ is a surge

50$ is a rocket up

100$ is a Moon shoot

 

.50c is just a burp

Thu, 04/25/2013 - 09:29 | Link to Comment Racer
Racer's picture

A gold full sovereign  briefly available this morning on UK gold coin dealer site, now no gold again for many days in a row now

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