This page has been archived and commenting is disabled.
"Sniff Of Fear" Returns - Commodities Crack Under USD Strength
While the extreme volatility associated with the 8amET hour in Gold and Silver trading is no surprise, the strength of the USD (helped by JPY weakness along with pretty much every other major) is slamming WTI crude, Gold, and Silver lower this morning. The Dollar Index move in the last two days is the largest in 16 months; Gold's 2-day drop is the biggest (ex-the crash) in 10 months.
And Southwest Securities' Mark Grant sums it up best:
On February 12, 2013 I said in Out of the Box:
"The engagement is just beginning. It will be one of the most significant events of this year and the various skirmishes may lead us into some sort of planetary Battle Royale. It is not Star Wars but “Currency Wars” and you too can engage in the action."
On the same day the yen was 93.47 to the Dollar. This morning it is 101.40 to the Dollar. That is an 8% shift in three months which is a significant move in that period of time. Japan, with a nod from both the Fed and the EU, has actively begun to devalue their currency and to increase inflation before they enter some viral space that they cannot leave without more severe measures. What is happening, however, will cause further dislocations in my opinion and may well cause Europe to react and send the Euro towards 120 to the Dollar. As a matter of fact I think the major central banks are all engaged in a world-wide devaluation of currencies where they all will be worth less and then the relative valuations will all be lower as a result. The small blue and green pieces of paper will be smaller still and goods and services will be more costly.
As the "Currency Wars" go from skirmish to battle we are also faced with a great paradox in the gold markets. The price of paper gold is down, this is gold in any other form than physical delivery, while the demand for physical delivery skyrockets. There is a portent here I am afraid and an unsettling one.
Recently JP Morgan's inventory of gold at the COMEX fell from 2.4 million ounces to 160,000 ounces and we should all note what is happening. Also, recently, ABN Amro said it could not settle its gold contracts with gold and that settlements would have to be made in cash. It has also been reported that the LBMA is having trouble settling their contracts in actual bullion so that it is becoming apparent that something is amiss in the gold markets. China reported in March that their imports hit an all-time high of 223.5 tons. I would guess that April will overshadow March. While there is no apparent economic crisis the demand for physical gold and the vibrations in this market gives me pause that some game might be afoot.
If you consider what is happening in the currency markets and then factor in the demand for the physical delivery of gold there should be some additional note of caution in your evaluation of the markets. Smart money always moves first while dumb money lingers and is baited by those that take advantage of it. A sniff of Fear has returned to the marketplace and Greed may be in the process of giving way. Watch your backs!
Charts:Bloomberg
- 20011 reads
- Printer-friendly version
- Send to friend
- advertisements -



What bullshit is this? USD strength?
The powers are calling margin back.
I am trying to work this out ekm. the dollar is strengthening but yet Brent is still over $100. PM's are having no problem getting obliterated by the dollar, but they are just a dirty whore lately anyway.
Are food prices falling? Because Oil is really not. So what exactly is the dollar getting stronger against, other than the yen?
run to the gas station and demand cheaper gas
run to the coin store and demand cheaper PM stuff
run to the grocery store and demand cheaper cherries
run to the tax office and demand cheaper taxes and fees
OH.. WTF?? That doesn’t work?
Is the dollar stronger in value.......or smell?
Break out the dry powder boyz... PMs back on sale today.
'zactly. The MSM are going to tout the continued exodus from paper gold, all the while the Comex inventory is getting blowtorched.
I'm getting greedy. Am waiting to see if it breaks the lows from the big April take down. If so, I'm loading up some more.
Shitte, I run out of fiat paper after the big plunge.
But if those idiots take it to $800 or so I'm not gonna miss the chance, I'll use credit card / whatever it takes.
Buy that Gold Chingaz!
'All animals tremble when the Buffalo fight'
I feel a market take down.
Sure it works. Gold is cheaper everywhere today. What planet are you buying on?
What does work is driving to the gas station that has lowered its prices because it can now make a profit selling at the lower price. More people drive to that gas station that is now making greater profit with increased volume. Other gas stations will follow to retain business. WTF? DUH! Taxes are not commodities.
If you divert a lake into the ocean, would the water level increase? Of course no.
That's the case with currencies right now. There's so much, that even algoriths can't keep with with logical calculations.
FX matters no more since is incalculable due to hyper leverage.
ekm, check this out:
http://www.zerohedge.com/news/2013-05-06/apollos-leon-black-smart-money-selling-everything-not-nailed-down#comment-3534392
looks the banks may soon have a fleet of foreclosed tankers on their hands.
all the better to store oil with, my pretty.
I sense an environment disaster in the making. Nothing good can come from Wall St with a fleet of fully loaded, fully insured, oil tankers that they really don't want.
margin call.
Eveybody's fear. Everybody's leveraged. Only the gov can call the margin as Bush did in 2008.
“I was in Tibet until my age was 24. I think Tibet, some people call it the roof of the world, It was very clean, a small population, everything simple,” the Nobel Peace laureate said. “Only after I came to India (did) I first hear, ‘This water, you cannot drink.’ I was very surprised. ... In Tibet, passing through waters, by a stream, we always enjoy. No problem. Then I began to learn.”
He said that led to his environmental education and his conviction that people, whether spiritual or not, must act to protect the earth.
His views were shared by other religious leaders on stage.
“We are all water babies,” said Grandmother Agnes Baker Pilgrim of the Confederated Tribes of Siletz.
“We came to this world in water. Laughter may be your cheapest medicine,” she told the crowd, “but your best and first medicine is water. Guard it with your life. Without it, we can’t live.” [source May 10th]
tip e. canoe who are you? Serendipity strikes or maybe just synchronicity.
just another water baby on guard duty like you
;~)
if we lose our drinking water sources, then people are going to have to find a way to do as Therese Neumann did...
From the years of 1922 until her death in 1962, Therese Neumann apparently consumed no food other than The Holy Eucharist, and claimed to have drunk no water from 1926 until her death.[9]
In July 1927 a medical doctor and four Franciscan nurses kept a watch on her 24 hours a day for a two-week period. They confirmed that she had consumed nothing except for one consecrated sacred Host a day, and had suffered no ill effects, loss of weight, or dehydration.Montague Summers in the "Physical Phenomenon of Mysticism"[10] speaks of her supernatural ability to survive for long periods without food or water. He supported this claim by citing an article about Therese Neumann in the 5 January 1940 "The Universe", which said the peasant woman refused German ration cards saying she had no need of food and drink.
During some of her Friday trances, she would utter phrases identified by witnesses (including priests) as ancient Aramaic. She was also said to have been able to understand Hebrew, Greek, and Latin.[11]
Actually, if you divert a lake into the ocean it does increase the sea level. Sure, most lakes wouldn't cause a significant increase, unless they are a Lake Agassiz or something like that.
Just saying.
Food prices are climbing as I type this. Food will go up by 40% this year.
Incorrect. Food prices will stay the same when rat meat replaces beef.
Rat meat = giffen good.
what i dont get fonz is that the cost of raw food commodities--and commodities in general---are not near all time highs overall (beef and a few others being an exception). the rogers agri index and rogers commodities index are not anywhere near its pre bubble highs in 2007-2008. copper, oil, ....... nowhere near the peak prices that occurred before things went to shit................yet on the retail side, food prices continue to climb.......so why is it that there have been billions and billions printed since then and yet the commodities havent taken off......again.....we can point to all of this money perhaps being poured only into certain avenues directed by ben...real estate......stocks.....bonds.........its quite interesting.....
btw see my response to you in the other post about gold articles..........
Incorrect. They don't have to be near all time highs.
Crude oil price is 4 times higher than in 2000.
That's how inflation is looked at, not the propaganda y/y inflation, which means absolutely nothing.
Yes ekm but no......how can you reconcile massive printing after 2008 and not see a concomitant rise in commodity prices......the massive printjob picked up 2009...
Because QEs unofficially started in 2000 to reflate the dot.com bubble.
Current printing is going against defaults in shadow banking.
The printed money is so immensely large that fear margin calls in commodities and has gone to reserves.
Which other post? I did not sleep last night.
The one on gold articles......you are going to elaborate...
Everything I see tells me that I am doing the right thing and to just have patience. I don't think the almighty dollar gets out of this without some massive bullet wounds, although I am still unsure about the head shot.
But like I mentioned. If I want to buy gold today, I can. I will actually call and confirm in a few mins. But it's there, and not far above the paper price. Usually when tshtf it's the little cypriot with no access while the rich russians grab it all behind the scene. Not the other way around.
I just find that odd. Really odd.
Describe the bullet wounds and describe the head shot....
as of now it was just a single shot that grazed the left ass cheek. did not even make a hole in the pants.
bullet wounds mean massive inflation. head shot is currency collapse.
but it sure seems like the almighty dollar is going to wreak havoc on everyone along the way.
Hey fonz, when does Loki come down out of that wormhole over NYC anyway?
That's what Im waiting for as a sign for trouble.
Lol
Check out this paper on money and oil. The 'price' of oil has about as much of an anchor to free markets as do the paper PMs, supply and demand has little to do with it - - - -
http://www.engdahl.oilgeopolitics.net/print/Epochal%20Tectonic%20Shift.pdf
Good article HA. Do you know what is the date of the interview?
primary dealers are selling commodities for some reason.
Dumping paper IOUs on someone else....no one wants to be left holding the bag.
Margin call from barack obama. Somebody is twisting his arm.
If you have followed benghazi, the whistleblower said that that was for the first time that diplomats were running the show, not the military. That is unheard of.
There is civil war inside government. White House + Banks + Pharma against Military Complex + Big oil.
Republicans are divided between conservatives and big government ones. They don't have much influence.
Maybe this is more about Japan? Maybe as money flies out of there it goes into dollars, bonds and stocks? Driving our currency and the markets higher with it?
Maybe the U.S is just one lucky SOB.
Maybe so much money leaves Japan it actually gives the fed cover to ease up on QE because Japan has insatiable demand for our debt?
It's insanity, but not impossible.
None of those. Crude oil has been above $90 for 18 months. This obliterates the economy, as it has.
That money you mention is going to crude oil.
They are forced to do something
Yes, and oil is traded in what again? Oh yea, USD.
Cleanest dirty shirt... tallest midget... pick your metaphor.
There's so much money printed that it goes everywhere it can go.
It's oil that controls the dollar, not vice versa.
Dollar is leveraged on oil, not vice versa.
It's a chicken/egg thing... you can't separate them at present.
Money is flowing into USD not for access to the 'Merican consumer but because it is necessary to purchase oil. As you stated above.
If oil were available in euros, rubles, or (God forbid) AU, then the flow would be demonstrably different -- even if the underlying commodity remained the same (oil). USD is king because you can buy oil with it... simple.
The other side of this coin is the recycling of the USD used to purchase oil... take that pile of OPEC USD and use it for anything other than T Bills/Benny-Bux on the other side and it's 'welcome to the shit show'.
It's going everywhere. It is going into real estate bigtime. That dude Sam Zell (I can't find the link) just said the rich are buying real estate as an inflation hedge.
Correct.
I keep saying, when a lot of it goes to oil, white house gets threating calls from...........
"It's going everywhere. It is going into real estate bigtime."
most people prefer land/house as it is rentable or leasable. people desperately need extra income as well as asset security. it is also safe from the bail-ins and outright theft or confiscation. the money flow is global and not many countries have property taxes as high as the US does. so property bubbles keep on growing in third world countries and *even* in countries such as germany where such bubbles were unheard of before.
For me anyway, the bigger issue is that some properties can function in both an inflationary and deflationary environment... for those of us not sure which force will hit today, finding asset classes that manage to hedge both ways (albeit in a shitty fashion in some instances or for some contingencies) makes decisionmaking much easier.
addendum : i am talking about 100% cash down-payment, of course. not that mortgage crap. empires go, states disappear, banks vanish but PMs and land keep their value in the long run. buying property in US is a different matter since the property tax over there is quite high, but still managable in case of emergency.
i think bill had it right on; cleanest dirty shirt.
just doesn't fit right on me, though.
i like the one with gold letters, plez.
So do either of those groups in the supposed civil war actually support the Constitution?
Constitution? What is that?
Yes, the Green Berets, as well as many former and current Delta/Black ops, specialists.
I can confirm civil war at the Pentagon via a military contractor and former Delta Team member. Not good folks.
Call me skeptical, but I can't fathom either side is... the ideal choice.
Many countries, within last week or two, have reduced interest rates. Federal Funds Rate has been ranging .1-.25% for some time, so not much room to lower. This has a strengthening effect on the dollar. Also, last FOMC dropped hints of possible rate increase (would obliterate economy). Remember the big gold dump? Meanwhile DJIA is at all time high and unemployment figures look great... something wicked this way comes.
Don't ever underestimate the power of the Jews and their fiat currencies.
That's strange, ole Jake here doesn't create currency at all. Let me ask him if he even knows what the FED really is.... Nope, he had no clue the FED was a criminal organization. I guess that prooves not all Jews are in on it. Keep that in mind before pouring everyone into the same pot of evil.
Oh Lord, these paranoid joo bashers keep crawling out from the dark corners of zh......
yeah...there's fuel for a graph on that score. It's quite apparent and tedious as hell.
Yes, when they print more paper fiat all over the world they become more 'valuable'
That Bullshit calls G7 Meeting on the weekends.
That's what they do everytime they meet.
To make everybody happy about their broken Fiat.
What bullshit is this... the author is talking ONLY about relative strength and clarifies that all fiat currencies are going to shit.
Funny....Argentina's government is being crashed for not wanting to devale the currency the peso. Are they stupid or smart? Answer: stupid since they are only maintaining it by the force of thrats of jail to 5h9se who exchange pesos for any other currency including foreign produce gold and silver. You can guess what is the result? Capital flight and a black market, called 'blue' 100% higher than the official value. They are doing it to extract resources from the agro producers and redistribute them to stay in power.
It's called the game of Make Believe that was started August 15th 1971 that is just now Finally coming to a head.
Time to just sit back and watch the Comedy Show unfold.
That is IF you are already set for what is next. If not I sure would be loading up on everything and anything you can get your hands on.
Just how many Sheeple will you own and control after the shake out?
Can anyone figure this out? The most abused currencies strengthening? The Yen and USD are behaving like non-Newtonian fluids; the harder and faster you try to crush it, the stronger it becomes.
The reality is dilution beyond the breaking points of any normal currency where debt servicing and creditor interest have lost all meaning. The fantasy is that it is reversible, working, or even sustainable. At some point, someone in this giant Solomon Asch experiment is going to point out everybody has made the wrong answer, then the whole illusion collapses. I reckon Kyle Bass is going to be the wealthiest guy on the planet if he can ever collect his winnings on jump risks.
crude down 1.05 in 20 minutes.. realll normal and orderly.. -2%?? http://TFPinsider.com/sign-up
OMG anyone else remember the old days when the rule was 'if dollar up, then stocks down' and vice versa?
eh....nevermind....I'm probably just hallucinating, again.
My first thought. ...probably hit S&P 1700 today. Up, up, and away.
Everyone must be driven into the sheep pen of equities. Makes the slaughter more efficient that way.
Like child-birth, the fact that the gold contractions are getting more intense and closer together is a sign that full paper-physical decoupling is nearing.
like a healthy shit?
If shitting out all of your internal organs is healthy, yes.
Wow, I just took a Bernank
http://grooveshark.com/s/Put+You+Down/1LGHos?src=5
g.m.
Illusion Rules! (for the moment)
BOW DOWN before King Doellar, damn shit covered peasants!
Nevermind 105% debt, or ultra-insane debasement of said doellar over the last years, it be STRONG!
SD1 we are going to go insane because whatever Japan can do we can do better. They are over 200% debt and their ten year, after being halted, is .65%
Think about that
refi at < 2percent. nope, i will stay debt free- no thanks. there is room to roam lower! much lower, actually.
this reflation i faaaaaaaaaaar from over...
America invents it....Japan improves upon it......
Saturday morning = GOLD buying bitchez!
USD strength? Really? Insane in the membrane!!
https://www.youtube.com/watch?v=RijB8wnJCN0
Gold in Yen nearly hit a 40 y high earlier
And there you have it. The Yen is getting pummelled now but soon it will be the Dollar and Euro's turn. In a race to the bottom is there a winner?
like a horse race to the slaughter house.
http://grooveshark.com/s/Horsebreaker+Star/4KCaiU?src=5
.
horsebreaker star, grant mclennan
Gold beggining "Take-Down II" a WWE 'cage match'...!! Call your cable provider and order today..!!
Going MUCH lower...then pop...then 3-digits...then NEW RESERVE CURRENCY...partially backed by gold...figure it out...!! "The Collaborators" HAVE..!!
They cant mine gold at triple digits for a profit. Average cost is now around $1200 an ounce.
Why would companies choose to lose money mining anything, and especially gold?
So what..? They won't mine it then. Miners are signallng this with 0 'recovery' in their shares, which ALWAYS lead BIG moves up..!!
Don't get me wrong, gold WILL go up...BUT, it's going MUCH lower first because "The Collaborators" NEED it to go MUCH lower. Here's why:
http://www.coar-repositories.org/community/events/annual-meeting-2013/
Yes, because there will be massive shortages. Goldbugs have always maintained this as a real possibility for the end game.
> Why would companies choose to lose money mining anything, and especially gold?
To borrow from the pop-culture slop jar:
"You see in this world there's two kinds of people, my friend. Those with loaded guns, and those who dig. You dig." - Blondie
People will do any amount of insane things when a loaded gun is pointed at their head - or the heads of thier wives, kids ... etc.
Going MUCH lower...then pop...then 3-digits...then NEW RESERVE CURRENCY...partially backed by gold...figure it out...!! "The Collaborators" HAVE..!!
Which will be another LIE of astronomical proportions.
There will ZERO gold left if the prices keep dropping.That will be the end of the paper v.s. phyzz pricing, and the US Goobers do not have anywhere near enough gold reserves to even partially back the dollar, not with 16T++++ coming.
No way.This would bring in Freegold.
Holy Crap! Another discount! Thank you Comex! Back up the truck boys!
Japanese housewives will likely be driving lots of those trucks
Friday Slam Dance! Gold down 40 plus. Silver 1 plus.
I honestly don't give a shit anymore.
The West is runnin' outta wiggle room.
Just a matter of time.
almost predictable
when first slammed, the wealthy realized, we got problemo, the plebs are buying hand over fist.
we best get those bars in a safer place; ie supply running low with many to many claims (air gold).
now they can take-er-down again and buy er all, take delivery and let er roll.
banksters contol the markets til they can benifit.
party time sooooon...
BUY STAWKS...!! any day is a good day for that...
It's called "deflation" because banks won't lend money. Money is going to get real, real tight. Yet, food prices keep rising.
Sorry, but that isn't deflation, although most deflationists love to talk about "prices" not mattering.
Quadrillions in promises to pay nothing have strengthened,, I see..
3D printers, print up some REALITY!
Always the same story, paper GOLD and SILVER go DOWN, while physical go UP, and do go since night of times
Has the spread between official spot and what you actually have to pay for coin been widening?
Has the spread between GLD and what what you actually have to pay for coin been widening?
Not a question of spread or premium
The connection between physical and paper has never occured, people have just been discouraged to have gold, encouraged to have equivalents (bonds equities fiat ..), and who among ordinary people really knows how financial engineering works, even roughly ? 99% of mothers of fathers coming back home, will they look at the financial charts of the entire world ?
and even if they look (assuming that all the datas are available, you have access, and are readable), how much can really understand financial engineering that have been set up for years and years by hundreds of mathematical engineers ?
even your local banker knows 1% about the entire possibility to fraud
so easy !
having a 1 oz gold coin in hands, or 3 bills of $500 , and you feel the difference instantaneously
not a question of dead or eternal money, but to take precautions
What's bad about that, though, is dealers pay you the paper price, when you sell to them.
In all seriousness...gold could close down -$100++...
is this another rout of the gold shorts on the comex????????????
Yes, "Round II"
Some game might be afoot with paper gold being ragdolled and roasted daily on msnbc while physical gets hoovered up like cocaine at a city of london customer appreciation day?
I've heard worse guesses.. Lmao
I believe that is PRECISELY what is happening. Certain central banks MUST buy in order to rebalance for what MUST come.
Ring of Fire Bitchezz!!
That Ring is serious s#!t...Pacific earthquake next..??
Today's assignment.
Provide an example of what the dollar is to you.
For example: The dollar is the classiest $10 hooker in the alley.
the dollar is the leper with a remaining arm,
give him the bucket of water to carry, and pray.
...
http://grooveshark.com/s/Green+Lights/3P0iSD?src=5
green lights !
.
is Friday sale day for p.m.s in America?
.
http://grooveshark.com/s/Open+Your+Eyes/1LGHww?src=5
That means Monday could get ugly...Buy GLL weekly OTMs...!!
At this rate, she'll soon cost $7-$8....!!
Is there a possibility that a major (or multiple) Japanese financial institution is down for the count and this is part of the orchestrated fix..??
It does not seem that the notion that Japan's actions are unilateral is plausible.
JGBS = 1X short the JGB ETF. Kyle Bass - would approve.
UUP = Dollar up ETF
Anyone out there paying 30% over spot for a gold coin. Really? Instead, if you think it is going to get that bad use your money to buy supplies for a mad max world.
Watch old Ben today, if he does not pull the plug on QE .... how can he do it during the budget crisis, that will drag on all summer.
Sniff of fear?? HELL NO.
SNIFFIN the TEARS!!
drivers seat!!! yeah.....drivers seat!
http://www.youtube.com/watch?v=Jr4wGFJrSss
This shit just never fucking ends.
and we are just getting started.
speaking of shit, every time the price of gold goes down $1 Shithead Ferguson's TF Metals sees its readership rise by 100 proving the thesis that people want to be conned
Full Metal Futures - Mark My Words, TF Metals Will Disappear This Year
http://chartistfriendfrompittsburgh.blogspot.com/2013/05/full-metal-futures-mark-my-words-tf.html
Maybe you could do us a favor and disappear too? I don't remember you ever telling us anything here other than pointing out Turds bad calls.
someone around here has to be unbiased about the metals - even tyler was drinking the turd-aid
http://chartistfriendfrompittsburgh.blogspot.com/2012/11/cfpgh-vs-zero-hedge-gold-feds-balance.html
Tyler hasnt show a Turd article in years (featured one as I recall).
WTF is wrong with you? Turds blog is irrelevant in the big picture, so why single him out for your ad hom attacks? Did you get banned over there like me?
two reasons for singling him out - 1. he insulted me here in the comments section (see my post Mark My Words) and 2. he is a shill who is leading his thousands of hapless followers to financial slaughter
i will not rest until TF Metals disappears - don't take it personally
Take it personal? LOL, I told you I was banned from his site.
Turd has lots of things worthwhile to say, but I can't defend his TA work which hasnt been any good at all. Having Mods ruin and destroy his site is another issue altogether.
no he does not, and why the hell are you giving him any praise after being banned from his site?
he has only one thing to say - "keep stacking" an asset that continues to lose value
and do no refer to his pathetic charts as TA - drawing a few trendlines on a chart is not TA
To keep stacking is a good policy (cost averaging accumulation). You paying attention to anything going on in the physical market or just talking out of your ass?
what is the current price in the physical market and what was it a year ago?
A year ago? LOL....now you're just trolling.
What does the spot price of gold from a year ago to today have to do with it?
Turd is a turd. Buy PM's for your reasons, not his. Or don't.
if you want to "dollar cost average" an asset that has a price in a clear multi-year downtrend, i'm not gonna stop you, but i will suggest you might want to have your head examined
Multi-year downtrend? Haha..its been UP 12 years in a row.
Now GTFO of here troll. And Happy Aloha Friday...
WTF are you talking about - you must be blind
before you get your head examined, you should get your vision checked ASAP
if you can produce a chart showing me that the gold uptrend is intact i'd like to see it
http://i1281.photobucket.com/albums/a515/ChartistFriend/130510-C_zps23b5...
can you overlay that chart against the JPM vault inventory?
WTF does that even mean?
this whole physical/vault talking point is meaningless except to give idiots hope for higher prices some time in the future
yes, gold is money, but whether you're talking physical or paper the fact remains that THE GOLD PRICE IS IN A DOWNTREND WITH NO SIGNS OF BOTTOMING
mark my words, TF Metals will disappear and Shithead Ferguson is a shill
So were stocks in 2008
Throw your charts out the window. But feel free to keep posting the pics of those chicks.
throw your own charts out the window - my charts prevent me from making bad investment decisions so i'm keeping them
now who's the troll, fool?
this is so pathetic i have to post it for laughs:
http://www.tfmetalsreport.com/blog/4704/nostradumbass
"I know what you're thinking. How can I guy who's is dead wrong all the time have his own website? How can I be so freaking wrong all of the time? "
You sure like to give Turd a lot of exposure on here.
exposure as a shill
http://en.wikipedia.org/wiki/Shill
whatever dude. It is what it is. Let's see how things shake out.
no, not whatever - if you're ok with witnessing someone actively encourage people to put money into an asset that is losing value, that's your business
i am NOT ok with it
Maybe if you would actually examine the facts on gold people might take you seriously. Here's a start.
http://www.gata.org/node/12561
if you can produce a chart showing me that the gold uptrend is intact i'd like to see it
Realtick I feel bad for you, and me. We both operate in this market. I am already trying to figure out what I am going to do when there no longer is one. These asset bubbles are going to explode and take everything wit them. It;s just a matter of when now.
there's no reason for you to feel bad for me, bro, and if you believe "these asset bubbles are going to explode" like i do then get out or get short
There's only one counter-argument to stacking: The PTB will keep slamming the metals, regardless of the fundamentals.
You can buy that argument, and skip the metals altogether, or wait to get in until..... when, exactly? Will physical be available to you at that magical time? I say stack - Even if you bought gold at the high and held through today, you're not that far behind vs food inflation, and you have an asset which will eventually save your bacon. The PTB can dick with the price, but they can't obliterate 5000 years of history: gold is money and their crap has a natural value of zero, no value without coercion and manipulation.
What was the comex inventory one year ago? Price discovery hasn't started yet.
More than double the price of five years ago, of this week. 100+% return over 5 years. Very nice.
Don't confuse the troll with facts. He wont tell you gold went from over $1000 to 692 in 2008, and then to $1900 just a few years later.
The Golden Bull is hardly dead. The mania phase hasn't even begun.
US Dollar should continue to climb as Euro falls.
http://bullandbearmash.com/chart/spot-dollar-daily-falls-05-euro-gaps-cl...
If the Euro, GBP and Yen climb (unlikely) the US Dollar should fall - here's why.
http://bullandbearmash.com/about/usd/