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Gold And Silver Inverse Baumgartner'd
UPDATE 1: Chatter of a potential US downgrade from Moody's is being blamed (but that news out hours ago)
UPDATE 2: Silver futures trading volume 82% higher than 100-day average
While the mainstream media will likely be loathed to mention it, gold and silver are surging higher. Gold has retested $1400 and Silver $23 on no news... so it seems the demand for 'cheaper' precious metals was enough to warrant a 4.6% rally off overnight lows in gold and 12.5% in silver amid heavy volume in futures markets...
Charts: Bloomberg
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Mayan Calendar ends; pole reversal and new ice age -
Didn't happen.
March asteroid collision - EOTWAWKNOWIT -
Didn't happen - Russia got a nice show though.
Late May - another predicted Global Impacting Event -
(soon we'll hear about a deciphered Nostradamus quatrain to back this up)
Still, ain't nuttin' gonna happen - count on it.
The doom and gloom just never ends - the dates go by and bye.
Perhaps a wheel will fall off and then ...
But really, how many ZH folk feel something wicked this way comes before Memorial Day, 2013 ?????
Up = Nothing happens, business as (new) normal
Down = We're doomed
I'm with you there Proof,
I dont do conspiracy, nor religion, nor tinfoilhat.
But I've been hearing finacial shit could be right there for an unwind, and the dates are between 25-31 of this month.
As I've said already, this has to end right? Could be we are staring it in the face, is all. Keep your head down and your arse up mate is all I'm saying. The 'O' and his three bits of bad shit could be part of the game here as well.
24-31??
Yeah I know, trying to type, smoke, and drink a pint concentrates your mind terribly.
I say the 24th. Gives the Bernake one extra day to pull a stick save.
fwiw went pm buying at local dealers this AM, would not sell any gold, had some pre 64 25cent total face of $110 HE WOULD SELL at 17.1x face..should of bought em didn't..want gold it's just gold I want.
What worries me is all the scandals they are letting us know about coming out of the White House. What scares me more is the ones they aren't leaking... The chess board is setup, only a couple moves left. I predict aliens decloaking their mother ships and sprinkling magical fairy dust on the planet and making everything better.
No, I don't think they can pull that off without first putting a microchip in or GoogleGlass on most people.
this some totally stupid shit...
no fucking market, unless it has been completely corrupted trades like this and thats leaving out the underlying market specific fundamentals and the overall macro-economic state..
but ya'll arleady know that...thought i would get a chance to buy at $20-21 spot this morn when my dealer opened...oh, well - thats why the Silver Savings Plan works no matter what the fuck the phony paper price is.....keep stacking pimps...
http://www.youtube.com/watch?v=hh-xQbfOoFI
Do you see what happens Larry, do you see what happens when you F&*@ a stranger in the ass?
You can say Fuck here. Especially when making a Big Lebowski reference.
It's almost like there's a plan.
last night Hong Kong exchange announced
they will close all positions.. in cash
and take no future orders for metals ..
BTFD
close the position, in cash , on the dip ...
They're closing down because of lack of volume... nobody trading on the thing.
Nothing more nefarious than that.
No Conspiracy, no inside information, no insights...
The business model didn't work.
Did delivery demands simply kill their game? Sure looks that way.
yes, it seems that way ... ABN AMRO business model of charging storage fees and promising real stuff did not work either and they had to default ...
we probably got to wait a bit longer until the runner arrives to know for sure what happened at Waterloo ....
Don't be a pigeon! (It was a pigeon wasn't it?)
+1 for the Waterloo ref.
got to give credit to TSP for the Waterloo reference ... give Caesar what belongs to Caesar!
+ 1 for Jesus reference.
Thank you - i'll take that one :)
Well said. For now the game is played n London, NY and Chicago. There will come a day when the game shifts to China and India. Not yet however.
i've never seen a ZH journalist/propagandist and so many ZH'ers get so excited about a dead cat bounce
hysterical fever ...for a dead animal
"Ra Ra".... what a bunch of loonies ...must be the Turd Ferguson crowd in today
ouch somebody went full dzz
Maybe you're not very familiar with markets or math. The drop overnight was enormous and the "bounce" was significantly higher than the start of the selloff. No move like this can be called a bounce unless you put "rip your face off" moves in the bounce category. And trying to call something a "dead cat bounce" when it's at a higher high than the last selloff just doesn't make sense.
Well trolled, sir. Well trolled.
Zero Govt. What the hell happened to you ? Thought you were one of the good guys.
Thanks Seasmoke but in a sea of religous zealots (Gold Bugs) the word of truth is branded a loon... with lots of down votes on ZH usually
the only caller of the Metals markets that is accurate is Martin Armstrong.. the rest, Jim Sinclair, Turd Ferguson, Elliot (Idiot) Wave and ZH's metals 'analysts' (rhymes with propagandists) are all wrong consistently and persistently
which makes you wonder why they all don't shut the f up ...must be money in talking bullshit right?
I'll take my down votes on the chin, the Gold Bugs can all hum their mantra and get ever poorrer (taken to the cleaners) by the Religous Clergy which, as the history books show time and again, all zealots are lambs to the slaughter
I await the day ZH removes TF Metals Report from their '"Reads" recommendations and replaces it with Martin Armstrong ...on that day the cleansing has begun, not before
Moronic and myopic perspective. Only fools are attempting to trade gold, and the likes of Sinclair have only been "wrong" in that very narrow sense.
If you believe that gold will trade substantially lower than its current level in the coming two to four years, then have the guts to say it, and back up your view. Taking potshots on those who have been attempting to time bottoms is like shooting fish in a barrel.
Most of those on ZH who you characterize as "gold bugs" are sitting patiently for its inevitable sharp rise in value based on fundamentals, and care little about near-term volatility.
Look fuckhead, Armstrong missed the run to $1900 so you don't need to pump him here either.
Are you actually suggesting people sell their gold and silver? LOL...
Trolls aren't here to suggest anything. They are here for ad hominem attacks.
Gold bugs... I mean, everyone stopped using that once the person who called out the 'goldbug' was called a 'paperbug'.
In that context everyone knows which you'd rather be...
Real one is in a FEMA camp, probably.
Or he's just pissed because he values his life in dollars rather than ounces.
no TM, it's still the real ZG here ..Fema camps are out of reach of me way up the mountains ..in Europe
I'd rather value my life in Dollars than Gold or Silver right now as the USD is about to rise for a good 2 years and all other currencies, inc the precious metals, are about to tank
keep your head on (and clear) and your zealotry at bay. The markets are not for twats or following bullshitters
I also expected USD to rise and PM's to slide for about 2 years.
However I was expecting it a year or so ago.......
Great, so ZG has a two year time frame. I am looking 20-30 years down the line. I want to make the right LONG-TERM moves right now. Speculating that prices will go lower for 2 years (i.e. suggesting people DON'T STACK YET) is much riskier than you admit.
Herd, I wouldn't say I had a 2 year timeframe, I'd say it was here and now and the next 2-6 months at most/max
We have entirely illegal computer algos trading in milli-seconds beating investors buy/sell orders to the punch with the sole purpose of picking millions of pennies/Cents from customers pockets. Some metals zealots posting here here think these Algos rig the market and co-ordinate a conspiracy to dump or lift the metals, they couldn't be more mindless, as pointles and 0.00 IQ as the computer algos
Not without good reason, do people believe there is widespread manipulation of both bonds, the S&P, commodities, precious metals...
If you're not in that camp, just come out and say so. But to call those people zealots is quite questionable.
His post there has to rank as one the dumbest fucking things ever said here at ZH.
The con game plays on.
The basic mechanism of price discovery (based on demand and supply for actual use) of anything traded on an exchange has been terminally infected by speculators having access to unlimited funds and super fast computers for trading leading to volatile price swings. This has been made worse by the launch of ETFs for anything and everything under the sun by the financial community.
In a casino, the house always wins and in all the electronic exchanges, the too big to fail banksters are the operators. Armed with funds from the FED and using High Frequency Trading softwares and Derivatives, they move the markets exactly where they want it to cause maximum losses to the traders and the hedge funds.
Even if they do make a loss, their budies, the central bankers and politicians are there to transfer their losses to the taxpayers so that they have a 100% success record in transfering wealth to their coffers from rest of the world.
http://www.marketoracle.co.uk/Article40231.html
The same fucking thing.......again?
The MSM has pointed out how ZH manipulates the story of PMs which are only allowed to go down; the inverse of stocks and bonds and RE and debt and art/collectibles. ZH only reports on precious metals when they are going up according to the MSM who are far more honest and reliable when it comes to investing.
I'm going to CNBS to watch Maria Barfiromo tell me to buy CAT which is at generational lows.
you forgot:
/sarc
Eigenvalue has gone quiet. Bless him.
You do realize he is one of the biggest silver bugs on the board right?
Yeah, he's up there with TF.
I can't wait to hear what Bernanke has to say on Wednesday.
Personally, I think he wishes his term was already over.
Sometimes the poor bastard looks like he wishes his life was over.
I would send his family balloons and a clown...
I'm sure that would be one of the more compassionate offerings.
Watch the unwind. PMs up ... S&P to start correction
S&P will not correct until QE is stopped...
This is nothing more than an attempt to save their paper game. Paper is still going to zero, sooner now than later.
if you missed it Barrons article on
Illogical dumping raises questions about causes of the metal's sharp decline.
https://bitly.com/Z5NXUy
There should be yellow police tape around that silver takedown.
LOL. nothing to see here... nothing to see here... move along...
Why? Because you're a $50 bagholder?
No, because it looks like a crime scene and should be investigated. But we know it won't be because as Holder said big banks are beyond the law.
But I do believe the $50 "bagholders" will make mulitiples of that in the coming few years if they hold physical.
HKMEX closing down and paying out in cash. In the dealers interest to have the lowest price possible this morning. Mission accomplished.
They used last week's close for settlement
But the CBO forecasted manageable budget deficits!!! There should be investigation. Who knew what and when they knew it!
Hahahaha.
Quick: get warren buffet out there to tell not to sell America.
Looks like wave 4 up is under way.
http://bullandbearmash.com/chart/spot-gold-daily-completing-wave-3-expec...
The key remains to be the US Dollar - dollar is down today, while indexes remain detached (ie: anything is bullish).
Keep sounding the horn. One day you will be right Tyler.
that's not a spike... that's an erection!
July 4, 2013. Everyone at midnight lets all take our 12 guage shotguns and blow em off promptly at midnight. No not up so that they can hurt anyone but straight into the ground towards hell the government and central bankers are taking us. All at once. Let them HEAR the power of 300Million plus weapon discharged at one time towards he US Government, their banking cartels, their Federal Reserve, their faggot IRS agents. I think if they hear the sound of 300Million plus discharges they will understand that we have had enough. Who is in? Lets let them know how worthless their Natl Guard would be against 300Million weapons discharged at one time. Here Here for LIberty
I like that Mr White Wolf.
Mr White Wolf ?
We don't see him round here no more.
Some say them revenuers done picked him up
So is that midnight on the 4th, or midnight on the 5th?
Will the fireworks take precedence, with gunshots to follow, or vice versa. Seriously, though, this is a good way to send a message. Guns pointed straight down, like you said, to minimize the hysteria from those opposed.
Gold will continue to fall as the natural state of paper markets, without support, in gold, is to fall in price. When supply can be met by paper promises how can it soar?
Would you provide your physical at these prices?
And remember kiddies that % swings always look bigger on the way up!!
A 50% crash opens the door for a 100% surge!
short squeezing rally?
http://www.marketanthropology.com/2013/05/spooked.html
So they were just bolting the door until they got through OpEx. Now they have to cover those shorts
Someone did mention heavy put activity on the GLD in the last couple weeks.
Hey this can't be... Joe Weisenthal told me silver was finished earlier on (hahahaha F U Joe).
Those guy's at Business Insider are bunch of AAPL lovin, bankster cocksuckin hacks.
/rant over
I've heard that the US is trying to block all gold transfers to Iran. Wonder why...
Its called "starving the beast."
Supply and demand. HAAAAA Ha Ha Ha.
(for credit maybe).
First "bubble" in history where once it "burst" the retail investor rushed to buy in record numbers. I don't remember tha happening with the RE or tech bubbles. Seems to me that the retail investors ran screaming from those burns. Huh. I guess soem things are just not explainable.
The funny thing with bubbles is the distribution. Its all about the quantity and size of the bagholders, you see.
When housing crashed what % of people who were eligible for a mortgage had one? 90%? 85%? Thats a lot of bagholders.
How many people have some money invested in the S&P? Relative to gold or silver stackers, a lot.
How many people do you know with savings in USD? Lots? Probably. Not to mention pensions, sovereign wealth funds, central banks, financial institutions, corporations and so on. That is a lot of bag holders. That is what a big bubble looks like.
When the shoeshine boy is telling you he bought gold on margin, then its time to sell.
Time to sell in exchange for... ?
Stand by for a "large non-profit seller" or two to emerge and put its foot down on the neck of this market.
not, you mean like a naked short bank or two?? why not ben's got their back until he craps out. my hope is the tbtf and cb's finally throw 7's and crap out.
Outright joy and elation because gold and silver are back up to where they were.... 3 days ago? Count me among the unimpressed(and full disclosure: disappointed in my own buy prices of said metals).
US Dollar at 3 year highs, Gold and Silver still scraping along their 2+ year lows.
Call me when either Gold or Silver closes above their 50 DMA, and maybe I'll be able to stand looking at them.
Don't get me wrong, I think the dollar implodes... eventually. But that eventuality could literally be decades off with the way the rest of the world is going. And it's entirely possible we get another 2008 massive deflation event before that happens.
"And it's entirely possible we get another 2008 massive deflation event before that happens"
There have been several predictions that a large drop followed by a huge spike as being the most likely scenario. That was an amazingly clunky sentance, but I think you get the overall idea. This may end up occuring this summer.
The old 'Ka-Poom' theory. It makes sense because hyperinflation is most likely to be instigated in an attempt to avoid deflation. RE or bonds or the market begin to turn down, more bankruptcy/bail outs, who knows what the final straw is, but IMO the reserve currency status being lost will trigger the dollar flood, more so than some change of sentiment within the US.
it will drop again
the derivatives flushing not yet finished,, wait for a few cycle again and jump in.
Gotta love the ever bullish zh gold bugs. Down 1.5% per day is a mere flesh wound but up 1.5% is the start of an epic short squeeze. Ladies, please don't squeeze the Charmin! [/mr. wiffle] lulz lulz lulz
Go squeeze a colostomy bag.
http://www.youtube.com/watch?v=3xQDQZuIiTE
Go ahead and squeeze the wheeze.
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
No fucking shit Bloomberg just scrolled that "silver is down the most in x years" or whatever and gold is bearish according to GS even after both are up today.
SLW and Coeur both down. Which is interesting, given that they sell silver... Maybe people are worried they will sell at current prices. Seems to me SLW for one would be in a pretty good position to wait for better 'market' prices.
Realized I was looking at prices on the TSX... Coeur up 7%, SLW 6.5%
Canada is closed today, BTW. No BTFD for you!
those banksters are manipulating the PM's higher again on no news .
Despite the bounce, the story with the precious metals is that speculators have decided that there is no longer a profit opportunity here. Industrial and retail demand are holding up, but with the speculators exiting the market prices should remain depressed until the next cycle begins.
http://dareconomics.wordpress.com/2013/05/20/around-the-globe-05-20-2013/
Perhaps they don't take into account global loss of confidence in the fiat ponzi and global flows of USD from maturing UST paper.
from your blog - "This is why the stock market is reaching new dizzying heights. The Fed’s money printing has both inflated corporate profits and provided plenty of cheap cash for company’s to repurchase their own stock"
Oh..... You don't say? I thought it was from earnings and a sound economy.
I was just surfing that giant paperwave, i got thrown of, and i am hanging loose in the juice right now.
Don´t know up or down.
But i know i will be back above water soon and try again:))
Frothy, ain't it?
Yea, and i have to admit i love it!
Nooooo! Wait not now!!! I just got a job and I was waiting for my 1st paycheck to buy tons of gold and silver!!!Damn why so unlucky!
If you hold your breath long enough, you'll die.
Nooooo! Wait not now!!! I just got a job and I was waiting for my 1st paycheck to buy tons of gold and silver!!!Damn why so unlucky!
What's a job?
stateside
a job is a job! My 1st real, adult job! My plan was to buy gold and silver coins with some of my future savings instead of keeping it in the bank!
We will squeze Out this COCK SUCKERS (BULLS), its just about time.
4+% Swings intraday swings is the new normal. The only thing that can swing are the stock markets.......
You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold.
Certainly, Soros himself doesn’t believe it, as the 13-F release issued by the Securities and Exchange Commission on May 15 proves. George Soros has significantly increased his gold holding by purchasing $25.2 million of call options on the GDXJ Junior Gold Miners Index. http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/
In addition the Soros Fund maintains a $32 million stake in individual mines; added 1.1 million shares of GDX (a gold miners ETF) to its holdings which now stand at 2,666,000 shares valued at $70,400,000; has 1,100,000 shares in GDXJ valued at $11,506,000; and 530,000 shares in the GLD gold fund valued at $69,467,000. [values as of May 17]
The 13-F release shows the Soros Fund with $239,200,000 in gold investments. If this is bearish sentiment, what would it take to be bullish?
The misinformation that Soros had sold his gold holdings came from misinterpreting the reason Soros’ holdings in the GLD gold trust declined. Soros did not sell the shares; he redeemed the paper claims for physical gold. Watching the gold ETFs, such as GLD, being looted by banksters, Soros cashed in some of his own paper gold for the real stuff.
The giveaway that Soros is extremely bullish on gold comes not only from his extensive holdings, but also from his $25.2 million call option on junior gold stocks. This is a highly leveraged bet on the weakest gold mines. With high production costs and falling gold price from constant short selling in the paper market, Soros’ bet makes no sense unless he thinks gold is heading up as the short raids concentrate gold in elite possession.
In previous articles I have explained how heavy short-selling triggers stop-loss orders and margin calls on investors in gold ETFs. Scared out of their shares or forced out by margin calls, investors’ add to the downward price pressure caused by the shorts. Bullion banks and prominent investors such as Soros are the only ones who can redeem GLD shares for physical metal. They purchase the shares that are sold in response to the falling gold price, and present the shares for redemption in gold metal.
Insiders familiar with the process describe it as looting the ETFs of their gold basis.
In my last column I described how the orchestration of a falling gold price in the paper market protects the dollar’s value from the Federal Reserve’s policy of printing 1,000 billion new ones annually. The other beneficiary of the operation is the financial elite who buy up at low prices the ETF shares sold into a falling market and redeem them for gold. Like all other forms of wealth in the West, gold is being concentrated in fewer hands, while the elite shout “bear market, get out of gold.”
The orchestrated decline in gold and silver prices is apparent from the fact that the demand for bullion in the physical market has increased while short sales in the paper market imply a flight from bullion. As a hedge fund manager told me, it is a Wall Street axiom that volume follows price. Bull markets are characterized by rising prices on high volume. Conversely bear markets feature declining prices on low volume. The current bear market in gold consists of paper gold declining steadily while demand has escalated rapidly for physical metal. This strongly indicates that demand for physical gold continues to be in a bull market despite the savage attacks on paper gold.
If the orchestration is apparent to me, a person with no experience as a gold trader, it certainly must be apparent to federal regulators. But don’t expect any action from the Commodities Future Trading Corporation. It is headed by a former Goldman Sachs executive.
And don’t expect any investigation from the financial press. The financial press sees a bear market while supplies of bullion decline, premiums over spot rise, and even publicly declared bears such as George Soros make highly leveraged bets that will fail in the absence of a bull market in gold.
http://www.paulcraigroberts.org/2013/05/20/no-bear-market-in-gold-paul-c...
Does Germany have some secret stash we don't know about? ebay.de silver bars trade for so low it hurts.
You got hit by the down clicking man.
we few, we happy few, we band of silver holders . . .
Just a couple of points.
1. Nothing goes up or down in a straight line forever.
2. People have a recent history bias and tend not look at the bigger picture. Gold and silver prices have gone up faster and higher than other commodities and so the scam has been to sell gold at prices greater than inflation would dictate based on the FEAR TRADE. Then drop the price to or below the long term trend line and buy it back again.
Maybe YOU don't believe it will work this time, as it has worked so many times before ... but my answer to you is: "I expect that it will work and if it does not then they will confiscate the gold at the point of a gun and give you squat for it."
In the eyes of the useless parasites that run the world ... free markets and doing what is right for people are just words used to enhance the value of a scam so they can take more. All is fair to them ... because they, in their psychopathic trance, believe that they are the only ones that matter in the world ... as a three year old human might.
Maybe, but I have a gun too. Maybe when someone comes a knocking I gives them a lead receipt.
Fucking NICEEEEEEEEEEEEEEEEEEEEE
Kudos to Moody's for its threat to downgrade US.
Why don't the Chinese, Russians, or Indians buy the paper market and just take delivery??? never understood why they wouldn't it would stop all this manipulation overnight?
I wanted to buy last night at $21 and change but no stores open at 9PM on Sunday. I recall an article you posted a while back which showed a pattern of of Silver/Gold being high on Mondays and lower by Friday. I now buy on Friday or Saturday and I won't be buying today. False rally.
In spite of today's outside reversal bar for both gold and silver, the primary and secondary trend remains bearish
Billion Bollar Bogus "unproductive asset like silver/gold?"
Unproductive?
If you were to switch all electric copper wiring in the world with gold wiring you would reduce electricity consumption by 90% due to golds high conductivity.
Wanna fight about it?