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The Gold, Silver Morning Smackdown Becomes A Smackup As Surge Continues
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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The paper market is alive and well to support the U.S. dollar exchange a little longer. Don't buy into the hype and enter futures contracts. If it ain't in your hands, its not yours and when this market goes to zero you will get cash settled for that amount. Question is will you hold your physical through the conflagration and wait for the revaluation annouced by the BIS?
BIS? What means?
Bullshit Is Standard.
BIS = The Bank of International Settlements
The BIS controls the "flow" of gold from one central bank to another. It is the Central Banker's Central Bank. Ultimately it is also the arbiter of the revaluation of Gold that will happen when the decision is made to pull the plug on the dollar and raise the Euro to the position of global reserve currency.
The Paper Price for Gold and Silver is now below the cost of mining and processing it into industrial bars. Consequently Miners are discussing shutting down mines that operate at a loss. Very soon we'll see Medical and Electronic Device manufacturers that must have Gold and Silver for their products stop production and start screaming about it.
apples go higher, no couldn't be. one hit my head the other night...
Anagrams for "Bernanke"
Banker En
Barn Knee
Barn Keen
Bran Knee
Bran Keen
Rank Been
Nark Been
Bank En Re
Ban Ken Re
Nab Ken Re
Bar Ken En
Bra Ken En
Rank Be En
Nark Be En
An Kerb En
Ran Be Ken
Sounds like Satanic chant.
Barneke?... He owes me money!
trust is gone. ask m.f global clients.
anyone playing contract games will get what they have coming.
corzined again...
THE ENTIRE MONETARY SYSTEM IS CORRUPT! EVERYBODY SCREWING EACH OTHER FOR THEIR NEXT LITTLE PIECE OF GOLD. PATHETIC
http://www.youtube.com/watch?v=vWz9VN40nCA
Interesting...no question "something" is up (besides PM FRN prices) COMEX inventories are COLLAPSING:
http://news.goldseek.com/GoldSeek/1366902180.php
Good....DIE COMEX DIE!
Dow up 13. NASDAQ up 18.
Another beautiful day in the neighbourhood, won't you be my neighbour?
It's obvious - the algos covered their shorts and have now gone long. Same tactics work both ways - now they will go after the 'stop loss' orders for the short positions...
According to Credit Suisse:
Money Matters: FOMC Preview - Tapering versus Tightening
- The FOMC next meets on April 30-May 1, and we expect no significant policy changes to be announced at that time. Even if the Committee had been entertaining notions at its March 19-20 meeting of slowing its asset purchases anytime soon, the disappointing economic data released since then probably have shelved such plans for several months.
- In our view, an opportunity to scale back the asset buying may not come until later this year perhaps in September. For now, we expect the size of the Fed's monthly purchases to remain at $85bn ($40bn MBS, $45bn Treasuries).
- Looking forward, we maintain that any future decrease in the size of QE3 purchases would not be a monetary policy tightening, although the markets may initially react as though it were.
- Moreover, even if the Fed were to eventually end QE3 sometime in 2014 and start hiking interest rates in 2015 (or later), we believe monetary policy still will remain very accommodative for many years.
- The risk is that even if business cycle conditions were to allow the Fed eventually to firm up its policy stance, subsequent economic performance (or budgetary strains or financial fragilities) would force renewed easing long before the Fed reached an elusive "longer run" neutral funds rate target.
- Monetary Policy Review/Preview
- Beige Book (released on April 17).
- Fed Balance Sheet Update
- The Fed's MBS portfolio surged $55bn to $1.1tr in the week ended April 17.
- Excess reserves total $1.8tr, $159bn above their previous peak in July 2011.
- Money Supply Update
- M1 posted its largest weekly decline since just after the 2001 terrorist attacks.
- A $63bn pop in savings accounts at commercial banks limited M2's decline.
- Bank Balance Sheet Update
- Adjusted for a 2010 accounting change, commercial bank loans outstanding yesterday (April 23) are still some 5% below the Q4 2008 average.
- Cash assets held by domestically chartered banks have jumped by more so far this year than have cash assets at branches of foreign banks in the US.
Until the system collapses sadly I won't be holding my breath. The crimex is a rigged casino which dictates price, yet only a fraction of metal is sold through them - figure that out. They can cash settle, and their are limits on long positions but not on short. Precsely no part of that conveys the idea of a battlefield where the good guys could somehow win a conventional war ( ignoring the dirty bomb in blythe masters' pants). Nice to see of course - makes me smile as I molest the 40X1 oz buffalos and 2X5oz buffalos I have in my desk right now.
Love the manipulated markets. Easy money.
I think that was the last of the Muppets sir; shall I turn the pump back on?
They have to keep up appearances that we have a market. They'll let it go it a little before sending it down again. Must shed all week hands.
Smack down opportunity on Friday before close. China bank holidays on Monday 29th, Tuesday 30th and Wednesday 1st.
Three days of programmed bank closures. They love to do waterfalls when there are no buyers in Asia.
http://www.officeholidays.com/countries/china/index.php
Smackdown right after option expiry?
I think they're busy enough covering their naked shorts to avoid COMEX default already...
not getting all that excited over this.
just waiting for that metal i ordered last week to show up.
simple stuff?...here is one idea...
it was either JPM goes down on the naked PMs or run the price
down, cover the JPM shorts...
hell that is what I would do if a market I controlled was getting away from me...
voila, no more shorts and maybe a few "reverse" button longs...
could be what y'all been waiting for...
silver at 20/1 gold is over 70 right now...
LT
Strong hands being rewarded today.
I was thinking that maybe Mark Carney,other Cental Banksters and Politicians have taken notice finally of the real dangers in all the outstanding derivatives in the poorly regulated derivatives sector.The "bail-in" proposals must be an act of desperation upon awakening to the nature of the extreme dangers that the derivatives will do to the present banking system and the world economy.I have no doubt that these Gold rehypothecation scams are also engrained into the derivatives scams that are set-up in the marketplace by the banks.At this point in time the Cyprus situation must have stirred the pot too much and woken-up some ghosts.Question is:Why is this not an economic National Security Threat?Threats take many forms and these aren't a danger to The United States of America?If they aren't,then who's really in control of the country?
BUY YOURSELF BACK !!! SHORT SMACKING BITCHEZ !! AHAHAHAH