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Who Got The Golden Margin Call At The European Close?
Gold and silver prices are plunging after the European equity markets closed. It seems someone got the tap on the shoulder and needed to fund some liquidity. Given the 'unusual' strength in high-beta European assets this week, it would suggest someone (or many someones) were short and squeezed to cover in a hurry and perhaps this post-close dump in gold and silver reflects the final end-of-week realization of losses that need to be funded.
or is it post London physical close catch down in paper from the post-GDP move?
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They are trying to convince people that gold and silver are 'risky and unpredictable'. That is all. Fiat money held with the bank, or a gov't bond, now THAT is what I call a safe investment! *BARF*
Time for the TINFOIL wannabe's to pay back their debt and quit manipulating markets.
The oh-so-smart have set us up for an absolute catastrophe.
New synonym for failure......fedreserve.
Saw this on Kitco.....unshakeable now. The paper price is a reference and in no way reflects true demand and pricing. it just means that the mints are giving us sales price cuz other places are not refelcting this price point.
Yup, Everyone who's looking for real PM's knows beyond a shadow of a doubt, that the casino's rigged. The only thing that you will leave that casino with, is chips. The gold is gone.
If you want to buy around 500 ounces of silver you can still seemingly get a decent price ($2 per ounce premium, as opposed to $5 on an AGE)
Who cares, I already bought at this level twice. Go lower, damn it!
"Their" insatiable appetite for MORE never ceases to amaze me. Do they ever sleep?
Time for another terror incident ... which city is next? (Already rumours of a nuke event in Los Angeles this weekend.)
So, if today's crash plays out the same way the last crash did two weeks ago ... there will be another rush to buy gold around May 1st, when Chinese holiiday is over ... and THEN there will be nothing but a very loud echo in the JPM's gold vaults, yes? And finally a full on default of the COMEX?
Happy May Day.
figures, i bought some 2013 silver eagles yesterday at the high, at 6.50 over spot. First time I've seen them at my LCS this year.
cheaper than ebay at least
maybe buy more next week if lower
Unga bunga
Berlusconi won’t participate in new government; “President Giorgio Napolitano wants many posts in the new government to be occupied by young people and women,” Mr. Berlusconi said. “I won’t take part in such a government.”
What?
No chicks or little boys?
The man musta found God!
Berlusconi wanted to take part in a government of "young women". Looks like some crossed wires on Napolitano's side...
Explaining the US flip flop
Syrian government's capture of town a 'big blow to the opposition,' group says. cutting an arms route for rebels trying to topple President Bashar Assad's regime, state media and activists said Thursday.
No one buys this "gold liquidation" excuse any more. If you need to liquidate, you sell US treasuries since they have more liquidity. Please stop with the "we have a margin call so we need to sell our gold" excuse. It's a takedown - plain and simple.
stateside
I guess it depends on who is making the decision.
If you're account is at JPM, perhaps they have a little more discretion than you do in what gets sold.
isn't there another banker holiday in China at the beginning of next week?
I reckon your second theory is more correct; when the London OTC market-makers have gone to break out the Bollinger, the comex crooks think they own the place...
Analogous to Ferris Beuller being left in the house with his buddy whose name escapes me..,
Cameron Frye.
Explaining the Russian "Privatizations"; doesnt help Mikhail Khodorkovsky bail prospects. Boris Berezovsky not talking
CIA Officers Advised Russia’s Privatization Minister - Putin
Ex-Privatization Supremo Evasive on Putin CIA Claim; Anatoly Chubais, who oversaw Russia's mass privatization drive in the 1990s, said on Friday he had always treated allegations that his US advisers at the time were operatives of the US Central Intelligence Agency (CIA) as rumors - until President Vladimir Putin said so out loud yesterday.
Khodorkovsky = Rothschild front.
http://www.bollyn.com/the-real-crime-of-m-khodorkovsky-2/
http://www.voltairenet.org/article168007.html
"In the event of his possible arrest the 40% share of his Yukos stocks would pass into the hands of Lord Rothschild"
As for Putin, you get the feeling he has been designated the role of "major opposition", in charge of a "Cold War-lite". Could be wrong.
Guys I'll be offline for a moment.....I'm buying MOAR on this little dip......
the cream rises to the top. period. unless your in the know, your only going to win with deep long term thinking. check back in a few years.
ahahahahahahahahaaaaaaaaaaaaaaaaaaaaaa! This courrption is laughable!
Still time for a mysterious seller to drop 5000 tons of gold into the market. Must get that price under 1380 at any cost.
Seems to me that either these people are morons or they are deliberately trying to smash the comex and LBMA. Let's face it, the paper is worthless because there is no physical gold left to back it up. Paper default in 3...2........1.....
Meanwhile BTFD, but I guess the whole world knew that already.
just a technical resistance @40 simple average
Time to buy more bullion
Marla always said there would be volatility.
As the warrior poet Slewie once said, "Straddle up bitchez!"
What happened to Slewie? A lot of people have disappeared. Makes one wonder if they were whisked away by the black helicopter.
At least they didn't get Akak.
They actually did (remember when I got banned during the new pope thread debacle?), but I wormed my way back in.
LOL my friend! and this coming from an old time Catholic!
This site wouldn't be the same without you my friend. Cheers.
Slewie got banned months ago. Before the elections last year.
Banned. He really went off the deep end towards the end. You have to put in some effort to get banned here.
What happened with Marla? I remember I made a generalized "Jump, you fuckers" remark that really touched a nerve.
As Harvey has taught us, the cartels never, ever, ever let PM rise for three days in a row. Especially if it's on an unemployment numbers Friday.
golden waterfall (shower) indeed
I would not be surprised to see gold test 1435 and silver test 23 before the day is over. I don't think "they" are done fucking with these prices just yet.
Keep going lower!! I want the sale to continue!
Completed a 61.8% retracement and it ran into the 20 DMA. So the machines probably all did the same thing at the same time.
The machines better simultaneously be joining the lines to buy physical, or their owners are going to be fucked. Here's how it will go: If the inventories run out and the bullion banks are still short, the long-side contracts will be settled in cash and the exchanges closed. If the inventories run out and the bullion banks are net long, the speculators holding the short positions will be required to deliver at any price. I can't believe anybody could look at the outright criminal behavior on all exchanges by FIs globally, and not see this coming.
Tell you what, if there's a little black box in line to buy PMs, and he's in front of me, I'm cutting his shiny ass, and then I'll be like, "WHAT?"
All that really matters is the physical inventories...Comex, LBMA and GLD. When those run out, it's a physical market and the price will be real and reflect real supply and demand. Until then the Comex price is really just a reflection of how gullible the speculators are, and how much paper they want to donate to the Bullion Banks' rigged paper casino.
You've made a very important comment. We focus on the Comex, where in fact it is much smaller than the LBMA. The LBMA IS where the real action is. I would like to see more discussion by the Tylers when talking about gold, to also factor in the LBMA. This would paint the complete picture.
Since you said that it makes me think about how the paper price could be manipulated without any physical inventory at all. I just can't rule that out as a possibility yet.
Yes, let's consider it. I may or may not have a 'warehouse' that may or may not have 10,000 tons of gold in it (think of it as quantum gold - schrodinger's cat gold if you will). I'm willing to sell you long positions on that gold, and I'm also willing to take long positions if you want to short that gold. It should be noted, though, that I make the rules regarding settlement and delivery, but you have my 'bankers word' that, should you manage to make money in my casino - er exchange, I will honor the contracts I've written with you to the full extent of banker trustworthiness. Now, what side of the trade would you like, and how many contracts can I put you down for?
Count me all in your scheme. After all, I manage muppet 401ks and get a nice comission no matter how stupid I am.
Fuck the cartel. I hope they burn in Hell someday, along with Homeland Security stooges. This country has never been in such a mess, thanks to our greedy, murderous "leaders". Gold price up some from lows because all the usual buyers came out. I just some the people who own no gold join up. If they do, we be vindicated at last.
"It seems someone got the tap on the shoulder and needed to fund some liquidity". If so, why PM comtracts and not US treasury, which they are liquid and you do not loose so much in liquidation? I assume someone has everything in portolio. This theory does not fly for me.
It looks to me like: drop the paper gold at any price you can get today, because tomorrow you can get way less or nothing.
"All the gold belongs to US" - Goldman Sa...
Sell the sizzle, sell them toxic assets. Then after the poison kicks in, give them Bitter Medicine: short the hell out of paper, force them to their knees and snap up their real and precious assets for small fraction if true value.
Wet, lather, rinse and repeat in each country.
Many are called, but few are chosen.
They said Khodorkovsky bought Yukos at auction for $350m (BTW he was also running the auction, so who knows if there were higher bids or not). Yukos was valued at something like $40 billion, a couple years later. And no, that wasn't value added by K.
Open Interest on Comex at 1450 is what some pundits noted yesterday, we are all foolish for thinking this was a take down.
OH well, another Irish Poem for the inveterate Gold Bugs. This time, an Irish Poem with a Scottish flavor:
AU-ld Lang SHIT!
A Scottish Gold Bug felt some guilt,
For drinking Gold Kool-Aid full tilt.
As the prices dip low,
He goes "up to high doh"
And with margin calls, he's getting "kilt!"
Squeeky Fromm, Bonnie Lassie Reporter
(PS: "Up to high doh" is a Scottish expression which ehow says "You can apply the phrase "up to high doh" to someone who is worked up, anxious or fretting about something. Its origins are unclear, but it's probably linked to the musical scale, where "high doh" is the top note."
Now I know why I always hated oatmeal and plaid.
Go to Hell, you brainwashed paperbug conformist.
OH, for that horribly nasty reply to a sweet innocent little Irish Poem, you get your very own Irish Poem:
Gold Kobolds
There once was a pirate named ak-ak.
Who loved his own voice, "yak-yak-yak-yak."
But TRUTH holds no varnish,
And gold? It CAN tarnish. . .
See its luster fade off into black-black.
So There!
Squeeky Fromm, Girl Reporter
Another PUDdle of crap.
Take it to CNBC.
What's that you say? Jamie is trapped in the well again?
Good girl!
Tulving has plenty of gold, and 100oz silver bars from Engelhard and JM for $1.60 or so over spot. They had monster boxes back in stock yesterday, at $5 over spot, but they're sold out now.
http://www.tulving.com/goldbull.html