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They Better Pray There Is No Short Squeeze...
Well, they've finally done it.
As the following chart of the day from Bloomberg shows, as of this week, hedge funds have made "the biggest bet ever" against gold by taking Comex gold shorts to all time highs.
To their reflexive benefit, we will admit, they have managed to push the price of gold lower, not much... but it is lower (whether with the BIS' assistance or not is irrelevant). It is a different question if the price of gold is low enough to reflect such a record bearishness. But the biggest question is what happens if there is a catalyst to launch a covering rally: such as, hypothetically speaking of course, the People's Bank of China were to announce that it has in the past four years in which it provided no updates on its gold holdings (last is as of 2009), accumulated some 2000-4000 tonnes of gold.
Surely, that would be most unpleasant to all those record shorts, and the impact on the price would be most parabolic. Why, all those shorts better indeed pray there is no short squeeze now or any time in the future...
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@ alpo, had to up arrow you just for the moniker and avatar!
The math looks great if you make the right assumptions!
Maybe this time Wall Street actually offered the hedge funds a reach around? I'll bet they'll probably go easy on the KY though...
agreed.
but it is, after all, a hot potato....
if anyone fails in the catch, the ring false down.
the intercomplexity of the complex begets co-dependency.
i think zh called it flow.
A truly sick note
Whether its algo traders or The Gold Cartel, gold is trashed each time the DOW is taken down to any degree. It was particularly noticeable today.
What is it that nincompoops like Doug Casey don’t get that both gold and silver are in the most severe market manipulation mode possible.
Other markets just don’t trade like gold and silver do … whether it was the one in a 4,000 years dumping of gold, or the constant waterfall attacks out of nowhere, for no reason.
Doug Casey of course hangs his Pollyanna hat on the premise that free markets can trade in 7 standard deviation mode virtually every day.After all, only free market forces cause the Dow to go up 19 consecutive Tuesdays, or gold to statistically have 1 in 260 odds of having a follow-through rally day for years on end.
Hell, the odds of gold going down on Fed speak day are close to that. Doug apparently didn't even bother to watch the news when the multi-trillion LIBOR fixing scandal broke. Even an ostrich can pull its head out of the sand once in a while. There's another place in a posterior region that I can think of where the denialists firmly have their heads stuck.
Oh please let's have a major player take possession so the comex defaults.
Not that he was a major player but didn't one of the board memebers of the Comex try to take delivery and they settled in cash?
I tried digging around for the article but I couldn't find it....
That was a guy at the CME I believe.
Yes that sounds right
EDIT: Found the original story, it was on Silverdoctors.com but is has been pulled.
http://silverdoctors.com/former-cme-ceo-refused-physical-delivery-for-2-...
Found a couple sites that still had it posted, wonder what happened there.
http://www.fromthetrenchesworldreport.com/former-cme-ceo-refused-physica...
That would be kind of cool actually...
Down arrow for you!
Some of us are still stacking and enjoying the "sale" on physical.
I, for one, am not ready for the default and what follows. Time to prepare is a blessing.
quick ...forward this article to the politbureau Beijiing
It never ceases to amaze me how all the rats jump on the the last slice of cheeze, and end up eating eachother.
maybe you need to look in the mirror Boris or drop a little bit of that trader mentality
lol. Have fun on your piece of cheeze.
lol
keep taking your medicine asswipe
I think you need a nap Junior. You're obviously on the wrong side of some trade. Get some rest and regroup before the morning. You're gonna need it. ;-)
Yen what's your hunch for gold rest of week. IMO everyone and their uncle now long USD but bad jobless claims tomorrow and housing data and I think squeeze gets going. Gold should be back towards mid 1400s maybe before one final plunge to scare more people out of it. Today was about spooking people out of gold. Viscious move. I think Euro showed resiliency at end of day today.
I only have physical. I closed my usd/jpy long position earlier today. I am leaning towards gold range trading with an upward bias, based on a weaker dollar. I think you're right about the long $ trade.
Bloomberg already released a preliminary jobs report that showed a modest improvement, so I think it's largely priced in. If the number comes in bad, then you could see a nasty short squeeze. So I largely agree with you. Thanks for asking.
preliminary jobs report? I use a BBG terminal, haven't heard of that. I continue to look at treasuries now above 2% on 10 year and what that means for nat'l interest payment. The Japan situation is simply stunning. The JGBs at some point are going to be a HUGE deal.
Not on BBG. It was a Bloomberg article. I'll see if I can find it for you. Ya, I have T-10s at 2.04% right now. The markets are going to struggle with a strong $. JGBs are a huge tinder keg, but I think that'a awhile off.
Gold climbing a bit tonight. Held off the total collapse today.
FreeMktFisherMN It might be in here. I haven't had a chance to scroll all the pages.
Bloomberg News Archive - Yahoo! Finance
I don't see it. Either way I'm pretty sure there's no way to have a great idea of what # will be tomorrow. My bias is for it to be bad, as last week was abysmal. 360k on 330k exp. That is huge miss %-wise. And even if it comes around in-line, for QE to end they say they are going to need bigger improvements, not just meeting expectations that take cooked books to achieve anyway.
Pls do not think in absolute terms.
Gold will fall, but less then everything else, when money gets destroyed.
MONEY IS WHAT MONEY BUYS.
Amen, ekm. Gold's purchasing power stays steady and usually increases in the case of productivity increases in economy. As a trader I have to be mindful of moment to moment fluctuations but my savings are going into silver and ultimately the day is coming where it won't matter what some NYMEX silver trader sees as some say 'bearish ascending triangle' because the on-the-ground reality is that physical demand is huge and more people will buy the 5k ozt. COMEX Ag and 100 ozt Au contracts to complete the drainage there. A floor is not far from here, if this isn't it already.
Actually in a market collapse, purchasing power of gold gets increased.
Assuming gold goes down to $900, DOW would be at 8k due to unleveraging.
So a 30% drop in gold would a 50% drop in Dow, hence it busy more DOW
If you want to buy dow at the bottom let's say 3000 points, you wish actually that gold goes down, because it won't drop by much, it'll be at around $600 I'd say, so it buys more dow.
Yeah that's probably how it would play out. I think there is so much fiat already printed out there that the floor cannot be far away. I strongly think they are just sociopaths trying to figure out ways to spook people out of gold. Today was vicious and perhaps quite a few people are once bitten twice shy, but those are not the strong hands anyway. I think few people actually buy the COMEX contracts for delivery, as it is still a lot to buy (5k ounces!) and not affordable enough for many, but it's getting more and more into peoples' price range. It wouldn't take some Hunt bros'-like thing either, as that was all on leverage. This is just straight up buying.
Problem nowadays is NOT paper money, it's electronic money.
There is a shortage of paper money and millionaires can't have millions in paper, so they go for gold.
At some point there are going to be too many moles to have to whack. Each mole is either a derivative or CDS or whatever, and it's going to overwhelm and then I could see a big downward move in all prices, but then comes the big printfest, as Bernanke and the Keynesian clowns all think if the Fed had printed more in the Depression all would have been well.
I don't think it's wise to think 'I'll just buy in the crash', because it might well be momentary as printers get revved up instantaneously, and others are going to have a hunch that gold might not be bad idea to buy, either. And more and more are at least in some way 'aware' that all is not well. It's noted how retail hasn't been buying this rally, literally and figuratively. So even those who don't know the whole picture at 'ZH' level will be in the queue to buy PMs. Better to be early than late. Right now a dollar cost average initiation seems prudent. Floor is not far from here in PMs.
wow Japan market huge turnaround. Spiking bond yields matter.
a bad initial claims tomorrow (and maybe also housing starts #) and the squeeze could pick up speed. Today might have been a headfake/way to get more throwing in of towel when reality is the FOMC and Bernanke were as dovish as ever.
paper gold? Fuck that shit! People want gold in their hands, demand for physical is up, up, up. People pay way above market now for physical in hand real gold. Fiat and paper gold are just a banker's form of asswipe at this point!
There has already been a short squeeze ... it squeezed the hell out of my shorts
short gold / long yen.... there's logic there
China is not going to do that because they are still buying. It seems it is too early to lay their cards on the table.
There will be no short squeeze of the sort that the typical gold bug imagines. Instead there will be an event that renders the phrase "short squeeze" utterly pallid as a descriptor of what is to come.
It seems plausible that the hedgies are being set up as epic fall guys and bag holders.
Consider that if the price of "gold" falls much below present levels, the cost of production will make it unprofitable for mines to continue operations. Also think on the condition of GLD which is losing physical at a rate that prospectively means the fund will likely be shut down within a year's time. Mining production and GLD, as well as scrap, provide the marginal flow of physical that allows the whole gold game to continue. When that marginal flow ceases, there will be no flow sufficient to supply the world's largest producers with physical gold, their asset of choice in which to store their prodigious surplus. In short, the gold must flow.
At this moment the hedgies strike me as the perfect unwitting instrument (patsies, really) to usher in the end of the monstrous post Bretton Woods era monetary mayhem that has culimated in our present woeful global financial/economic condition.
At the current price it's already unprofitable for more than half the mines out there.
I think you are correct. Cyprus was a takedown of the super rich who launder their money and hide it there, and the elite need to take down anyone who has a chance of amassing enough capital to challenge them.
What if the Hedgies are next? Bill Gross is only their little poster boy until they are done with him.
bullshit. the miners are going around COMEX. The price being fetched in real terms will never be the price of the COMEX take down price since that market has completely imploded upon itself. There's maybe two guys there, you and some other schmuck who still believe that the real exchanges do not matter.
I doubt the gold shorts are worried.
You Have No Idea Who You're Dealing With
Let's see what happens to gold prices when London goes up in fucking flames. The insane Muslim fucks living in those big tower blocks of flats in Woolwich South London attacked a British soldier on the street and hacked his head off. Apparently they did not try to eat any body parts. A woman confronted the killers and one Muslim told her "We want a war in London"!
It took the Bobbies 20 fucking minutes to get to the scene some say longer! When British citizens hit the streets near the scene to protest the killing, the police arrived instantly and in huge force. The English Defense League managed to throw a brick through a Mosque and the police attacked the crowd to arrest him! Fuck'n GIVE HIM A MEDAL, don't arrest him.
Gold will spike when this sooner or later spirals out of control. Beheading British citizens on the streets of London? Fuck that shit! If the Muslims want war in London, I'm flying over on Iceland air Chicago to London Healthrow and join the British Defense League! This will probably get me on the Terrorist list. You see you gotta be white to be arrested now in the UK.
Sorry for the Off Topic, but I am so pissed off I could explode! This shit MUST cease NOW. Cameron is a stinking cowardly snake, he will do nothing about this. He already is getting his forces in line to crush the native Brits if they demand action for this terrorist street murder.
Jack, save the airfare. Probably have the same movie opening in North America soon, and your services may be needed here. I predict Toronto first, then maybe Detroit, Camden. London is just the opening act and I am sure they will try to bring it here soon enough. Just my humble and very sad prediction.
Let Hadji bring that shit to Texas. We've been wanting to play Cowboys and Muslims for a while now.
Are the Muslims a new football team?
If they are, don't expect too many Hail Marys.
Hmm, Memphis Muslims, Mecca Muslims...
Yeah. These things are all orchestrated on a script, like Poetry In Motion.
There's something completely off with what happened:
http://bit.ly/16RtupC
Let er Rip Jack !!!
Remind me of how many tens of thousands we and the British MURDERED in Iraq.
You are fucking retarded mate. Keep drinking the kool aid buddy USA USA USA!!!
A great deal of muslim extremism is instigated and fostered by CIA/MI6. Maintain a 'credible enemy', 'divide and rule', etc. etc.
I'm staying in cash. There is still the flight to USD to come as Japan and Europe unravels. The dollar will continue to strengthen in relation to the other currencies and will be the last to go down. Gold could drift down further. Still time before I'm forced to go into tangibles (at hopefully cheaper prices than today). I'm betting on Martin Armstrong. He makes the most sense to me.
If you mean cash in the bank, that's not safe.
alfbell + one for a sound tight fisted strategy. opportunity soon, say by mid summer; the markets have to thrash about over this.
confusion will rein til gold be scarce. then confidence in futures markets gone - this summer the shtf...
ODDJOB NEW GAME:
I'm all in cash. Liquidated all my assets into cash a while back. But it's not in the bank. I'm the bank because I have my capital in quality, short term (6-8 months) First Trust Deeds collateralized by excellent properties at 65% LTV. I loan to rehabbers. I'm getting 12%. Soon I'll be doing profit sharing as well bringing me up to a 20-25% return on each deal. In between deals my cash sits in EverBank. I'm not worried about banks in the USA. We haven't reached Cyprus level... yet. Hope to be able to keep this up for a long time until I have to bail into tangibles to weather the oncoming perfect storm.
It's called dollar cost averaging. There has already been a huge move. Piddling around waiting for the very absoulte bottom and you will probably never buy.
That is why I felt fine buying at $45 silver. I had also bought at $8, and at every value between, and bought more after that. Silver still has to fall a couple of bucks to go below my cost average. Hindsight being 20/20, I might have been better off if I had waited to buy, and just held cash, assuming silver falls to $18 or $14, but that sets up a psychology that would make me want to wait for it to somehow go below $8. I would probably miss the boat altogether.
Absolutely, I wasted a lot of money before learning that lesson. I found out the hard way that Greed, and Hubris are my biggest enemies.
Just save as much cash as possible, and when the market dips - buy.
http://en.wikipedia.org/wiki/Radioactive_scrap_metal Gold scrapIn the early part of the 20th century in the USA, gold which was contaminated with lead-210 entered the jewelry industry. This was from gold seeds which had held radon-222 which had been melted down (after the radon had decayed). The daughters of the radon are still radioactive.[16]
I got this story on RT yesterday. The Japanese farmers have gone back onto the radiated land and are planting rice. Can you believe it?
yes. i was thinking in terms that no one balked when Jpn just popped up one weekend and said, "Oh- we're doubling our money supply - see you at the global mall " -- ...using leverage that they can mingle their fukushima eagles and maples and krugs into the global gold supply - light up the globe's gold cube like a christmas tree?
the child adultified. hahaha.
WHICH brings me to another thought: if you had buried physical in a place, and some nuke event occurred, would you go back and get it? like those rice farmers? and wouldn't the physical be irradiated at that point?
If it got neutron irradiated, the gold itself would become radioactive. But if it was merely contaminated with fallout, the biggest problem is getting to the gold, and you can always just wash it off once you have it.
People got to eat. What's the difference between GMOs and food grown in radiated areas as it relates to health? Probably not a whole lot. Those French rats from the GMO study are not fit to be Chinese chicken. This is what shit looks like when it hits the fan.
A higher gold price would be favorable for Iran.
So the FBI are now killing their own. Maybe Eric Holder isn't the pussyface he appears to be. Imagine what it would take to make this happen. Still, you know things are getting pretty desperate when Feds start killing Feds.
holder has jon corzine's hand up his ass.
An unpleasant visual, but I think you got that right.
"hedge funds have made "the biggest bet ever"
Ah, what a thing of beauty.
A spectacle to behold.
Certainly the hedgefund-ogomy will right the ship.
And everyone who in the same breath bitches about the state of affairs and marvels at the power of the hedge funds is missing the boat entirely.
Thos aren't real shorts, its all hedging by jewelers and bitcoin moguls.
Well, I've done my part and been sitting in a holding pattern waiting on lighting to strike.
C'mon lightning!!!!
getting tired, but fully expect paper gold to be near 1325 in the morning - testing suport...
ok guys lets try not to lose some objectivity here:
1. Gold has been on a 12 year bull run.
2. It is POSSIBLE that gold is in a medium term correction which POSSIBLY is NOT a product of central bank intervention or other manipulation.
OR
Gold is in a medium term correction that is being aided and abetted by central bank intervention or other manipulation.
I lost what little gold I had in a boating accident.
But we have to be real about where gold is likely headed until something major changes it... and that is possibly back to $800-$900-$1000.
So for how long do you figure the price of gold could stay below minning cost?
... we're not talking about a dramatically extended period of time like years...just long enough to shake out the weak hands and likely to allow gold to form a bottom for a new bull run which will likely take it past the $2000 mark.
It is not possible that this or any move is not a product of central bank intervention because EVERY MARKET is controlled by the central bank through their client banks.
You want to manipulate the market? First you must realize the truth.
There is no market.
in other words....
all those shorts MIGHT have a really good reason to be short.
That's my hunch. My theory goes like this: John Paulson is now on the Squid's shit list. Anyone on the same side of the trade with Paulson (gold etfs, miner etfs, whatever) has the crosshairs in the middle of their back without even knowing it.
add Soros name to that list too ... LOL
i think they are get whoever is on the short side ... the fruit is ripe - get it?
If this is the case, and I think it is, the US government already knows this... and they know that when China approaches the US`gold holdings, we maybe saying goodbye to the US dollar hegemony.
I`d be interested in knowing what economic options the US could do to counter this.
What happens to the paper when it is redeemed for physical/cash? Does it get rehypothicated? I'm trying to understand how there can be 100:1 paper/PM if the paper is sold.
I think they learned a lesson from the April smackdown. Their best interests lie in disinterest in gold and silver. I think we'll likely see a bumpy chart that slowly settles lower and lower; they don't want a tumultuous event which causes people to rush in. When the stock bubble pops, that's when we'll see the metals pushed down hard, because there will be cover. Until then, expect more of the same. If you keep buying it's probably wise to hold a reserve to put into action when the equities finally drop.
On the other hand, they may want to squeeze the shorts just to get them cold on gold. Disinterest is the bottom line.
Color me clueless.
I just realized tonight that Meat Loaf was in Fight Club.
Fucken stunned as me arse.
Z
His name was Robert Paulson.
Tyler's and ZH getting just mocked and ridiculed, super-bitch style, over at a highly respected and proud media site, by a rather bright invidual named Adm Price. The far superior Mr. Price remonsterated with bastard step-child of market knowledge--zh---doing so thusly:
"There is no such thing as a "short squeeze" on commodities futures contracts as the term short with commodities simply means that the party that is "short" is the SELLER of the contract who has put the commodity up for sale to buyers of the futures contract for that commodity who are the LONG parties on the contract. I would strongly suggest you learn the meaning of the term SHORT as it relates to commodities futures contracts. The more SHORT positions, the more of the commodity that is deposited (in this case gold) with COMEX and the more likely the price of the commodity will fall because there is substantial excess supply of it which is exactly the case right now with gold as more and more parties who hold it are putting it up for sale to get out of it at any price they can get."
For good measure, zh's new economic daddy--the good Mr. Price---threw in a "Do you not understand what it means to be SHORT on a commodities futures contract?" as well as a few tried and true don't-you-people-understand-anything type, "helllllllo"'s.
Avert your eyes from the lesson being foisted upon the once proud zh, who many seem to still respect...it's a sad sad sight to bear... Like the last fights of Ali...so sad....
(I trust my attempts to stir up a Tyler/zh beatdown on this douche has been subtle).
This guy?
https://www.facebook.com/adam.price.37017
He's been calling for $456 oz for the last 4 years on Market Watch......he's a laughing stock there.....
Adm. Price should read the Comex rulebook and the numerous outs in the rules for non-delivery with cash settlement at the discretion of the Comex - and with absolutely no obligation to make any default / cash settlement public.
Each contract written is not backed by physical gold and only a few percent of the futures and option contract get settled for physical each month.
The Comex is a speculative digital gaming casino and not a physical gold market. Just a 3 dressed up as a 9 would be too generous a characterization.
Hit the books Adm. Price!
Yep. Normally, to see advocates blatantly calling for lower prices, with cnbs-like logic in the midst of historic short positions...100 blees rating etc. etc....suggests the bottom may be in. In these times, who knows...
There is at least one chance in hell that things have finally flipped over on the fed: if reports such as pmi hint at improvement (french and singapore today) it will now be seen negatively--because "tapering" begins...
You forgot to mention Bulgarian CPI figures and the caviar import quotas being a hedge for the Comex gold shorts. At some point, word of physical shortages will be digested by the market and send the gold price far higher globally (with or without the digital Comex and LBMA in existence).
hey assclown! i can short anything I want as long as I have margin. fucking idiot. you really believe that the commodity that is being shorted is actually "put up" prior to the sale of the contract to a long. not even my wheat farming neighbor sells short with the idea of actually having to deliver. How fucking asinine. Thats like writing a covered call. Just sell the stock. There is no imperative/requirement to have the commodity deposited prior to putting on the short, only margin, and last I heard cash was/is king. and certainly not the wheat in the back of my 3-ton.
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.
not subtle enough apparently, -9 votes. ahhh to hell with em...They can all taper off.
fyb
China's end game stategy....they want to replace the petro Dollar with their own gold backed currency soon.
If the hedgies just making a bet based on some view however convoluted it may be- I dont give a care- they are likely to lose.....again. however if they trade as they so often do- based on material non public info- then that would be truly disturbing. Where do I sign up for the Fed's early distribution list?
In my opinion, military intervention in Iran by either the USA or Israel is what would blast those shorts into oblivion. It's not a matter of 'if' but rather 'when'.
which would cause a stir amongst the Ruskie war ships in the Med and cause Ill Kim Dim Sum Dip Shit in NK to reach for the Easy button again, and maybe even get the Chinese to trade in a good chunk of their US Treasuries for gold (physical variety)
You got to be the biggest dumb shit to short the only universally accepted form of money for the last 10,000+ years especially when all the crazies are punching in numbers on the computer pretending to buy paper junk with other paper junk. It's fucking silly.
Not so dumb when you have *this* in your hip pocket. Fed will not tolerate any competing currency. 13 years of war can't be for naught. Petro dollar protection.
http://silverdoctors.com/the-dtcc-fraud-its-owned-by-the-banks-rob-kirby/
GS will slay the Hedge Fund muppets not because they care about gold but because it is in their nature and they can't help themselves.
Bernanke is already slayiong the Hedge Funds. They are so desperate that they are reaching for a "big win".
But they told me to short GLD and buy physical. How can you lose?
Only lose on Paper
Not clear to me why finding out that the Chinese have a shitload of gold would cause a short squeeze. I doubt it.
Last time the Chinese announced the increase in their holdings, gold took off. What an update on Chinese gold holdings will do is awaken the ignoramuses to the combined effect of gold buying by the Chinese, Indians, Vietnamese and others.
I still believe that the day will come when transactions between countries will be netted off with the use of gold so as to stop dangerous imbalances being built up on either isde.
Kinda makes a guy want to buy some pressure cookers now that the garage sale season has begun, no? Just as general info, the going rate is $5 a pot in peoples' driveways, and they've always got 2-for-1 or buy-one-and-get-the-second-for-.99 deals at firework warehouses.
If we had a Fawkes or two, this July fourth could be... memorable. Or was it that you'd rather wait a bit and die of starvation in a FEMA camp?
Yeah, the almighty watchers haven't got to my name yet- don't worry, I'm locked and loaded for the day they do. When it comes, you can watch it live on CNN and MSNBC.
You are on my target list now, bitch.
Bring it on.
You shitheads already killed me and my family- do you think that threats on zee interwebs are going to make me care now?
We can't have food, or clothes, or electricity, or water, and I have to see those who have not lifted a finger in years use the money stolen from me and mine through taxation and inflation bury their heads in the iPhones my work provided for them.
I'm the new AmeriCAN jihadist (tm). I don't care about your clear-channels or your cable tee-vee. I am only concerned with my children having the nutrition they need so that they don't grow up physically or mentally stunted. And if I can't have that one thing, which seems SOOOO small when I was promised as a child that I could be any ol' thing I set my sights on, well, I'll settle for burning this whole rat-infested shithouse down.
Since you're so caring and socially-minded though, I'm willing to hear you out. You can target me if you like, hell- why not. The USG has a target on my ass, and if they don't yet, they will soon enough. But you're the white knight in this equation, and would it not be better to turn me than to burn me? After all, I know how to generate your power, etch your circuit boards, build your home and shoot those N. Korean terrorist missiles right out of your sunny skies- amongst many other things you've long since forgotten, or never knew to begin with.
So, Mr. Bauer, wave your flag and tell me why I should silently sacrifice my children at Moloch's altar. I'm all ears- No.... Really. Give me one reason to hoist the stars and bars and hold my hand to my heart when they say the pledge just one more time- I could really, really use a vacation from looking at this naked emperor who is stealing our blood and treasure.
It's not that complex, you simpering sycophant- the smallest nudge in the right direction would shut men like me up. I don't want a war, I want to take my kids to the fucking zoo once or twice a year, have enough to eat, and wear clothing that fits properly rather than hanging like a deflated balloon from my shrinking body. But that isn't enough for those who harvest souls, is it? No. The shits who hold the strings have to drive us all to the wall so that they can drink themselves into a brainless stupor using our very brainpans as chalices. They need to trickle gems through their fat and indolent fingers to feel superior, no matter that they are destroying the very institutions that made those jewel mines possilble. They kill generations, hobbling their minds so that they may make better subjects, and poison thier bodies that they may be too weak to stand, providing just enough to bring a man to a posture suitable for grovelling. Those men simply do not care whether or not there is a world fit for humans to live in when they die, so long as they achieve a new high score.
But I digress. You were angry with me for a reason- you felt slighted that I would not toe the party line in relation to the mutilation of some people who had the grit and gumption to don a pair of sneakers and go for a jog. And rightly so- look at all the reasons it provided us to show our patriotism; we got to see the new gear the Boston PD put on display as they placed the city of Boston under martial law, killed a young man without trial, and then shot his teenage brother in the throat so he could not speak. Hell, in the the light of that, "I'm Proud to be an 'merriCAN, whar at least I's knows I's free, and I wont furrget da men who died ta give deese rights to me." That there were a shining example of the rights we were due, as noted, not by men but by God itself and legal precident that extends back to the ratification of the Magna Carta.
So, I'm sorry- you're right. I'm ashamed that I would present such a shameless and self-serving call to arms in the wake of a manufactured tragedy. The only defense I can claim is that I was simply raised wrong- my whole life, I have been taught that one should never let a crisis go to waste, and I can only do what I have been conditioned to do.
But really, I have no choice. No matter how hot the fires of nationalism may wish to burn within my soul, I fear that they lack adequate fuel. I simply do not have enough calories to run a marathon. I have only enough to stand when you tell me to kneel. I have only enough to raise my weapon in a feeble attempt to ward against the tyranny of those who have taken everything from us, and, god-willing, a steady enough hand to take at least one of them with me for company on the road to hell.
My only consolation in the face of your righteous wrath is that when the day comes, I will face my maker with my head erect, and with a soul free of guilt. I will look whatever god may be in the eyes, and shall not kneel. Can you say the same?
Patients. Barry's run is over. You move, you get us locked down.
Hi, I'm special agent Zdanko from DHS...what color drone would you prefer?
Pure, morning...pure morning....
For those benighted amateurs without a bloomberg, what's CFCDUMMS? CFTC hedge fund (non-commercial) shorts? Half of the open interest that is the short side? Or do they have real data from prime brokers or the regulator what hedge funds are holding? Sorry about maybe dumb question but don't see any links explaining the chart.
my question also because I see no numbers to support these graphs and everyone is using this same index cfcdumms index as the source of data that is found no where on the net nor is it backed up by the COT reports
Time to brush up on boating skills.
Buy gold and silver bullion.
That's not hedge funds short gold - it's the Fed/JPM and other proxies and ultimately the US TAXPAYER!!!!!!
I've got some gold for you right here in this computer. Just type the right passcode here and it's all yours. What do you mean you want to hold it?
Who cares what they do with paper gold. The smart ones are happy to be buying more physical as a result of the price drop engineered by the fools that think they can game the system forever without ultimately paying the price.
Inevitably they will lose their toys and their balls when they paint themselves into a corner.
Squeeze 'm like a pimple!
This would be dangerous for them if they had to settle in gold. since this is not the case, where is the problem? It is not as if these funds have any fiduciary duty. If they break their funds and destroy other people's money, they may not even end up in jail. With Daddy Fed coming with the credit card every time princess ends up in the drunk tank, is it any surprise we see princess binge drinking at every turn?
Looks like an excellent, if not the best time ever, time to buy gold.
Yo Tyler, Question.
How do you tell the difference between producers selling supply forward vs just shorts?
This is your captain speaking. Please take your seat and fasten your seat belt. And also make sure your seat back and folding trays are in their full upright position. If you are seated next to an emergency exit, please read carefully the special instructions card located by your seat.
Gold will have a +70 day tomorrow (i.e. today)
Golf clap.
Gold will wait for this silly stupidity to run its ruinous course.
Real gold will just sit where you put it and do absolutely nothing. And that's exactly what's so great about it ...
I like to spin mine and say WEEEEEEEEEEEEEEEE!
This can only end with the most epic short squeeze in history that will force closure of paper COMEX. Followed by phony Congressional hearings where everyone says they could never imagine this would happen, have no responsibility for it, don't know where all the Gold and Silver went, and claim unknown evil speculators did it.
british soldier was reportedly killed in an attack with a knife and a meat cleaver in London's Woolwich
video:
http://homment.com/woolwhich-attack
RIP, UK soldier.
Enjoy your waterboarding you murderous fucks.
Gold threads bring out "SQUIRREL!" terror/conspiracy distraction posts like no other.
No conspiracy here.
To every action of stupidity, greed, arrogance - whatever - there are consequences.
The consequences of 'printing your way out of trouble' can be seen in the Nikkei
The consequences of starting wars based on lies can be seen on the streets of Woolwich.
Only those who do not understand consequences are surprised.
I have been stacking on Gold since last year but I am unable to read charts. When would be a good time to buy additional physical? I Euro cost average into the metal of course but this time I am looking for a good opportunity.
Essentially, will the price dip any further from today onwards?
Given today's events, I have a feeling the Asian appetitie for paper versus physical PM will be somewhat satiated.
I agree an unusually large short position on the Comex is a bullish sign.
However, as reported over and over on this site, all over the world large premiums have shown up for small-lot (coins and little bars) retail demand.
That is a _quite exceptionally_ bearish sign.
Retail _always_ buys at the top.
Watson
small-lot retail physical buyers buy when they buy, top, bottom and in-between.
ZH readers may like to ask HEART why he/she intentionally posts various disinfo including Boston bombing fake injuries / fake blood / crisis actors garbage which is 100% DISINFORMATION.
HEART, we are still waiting for an explanation...
(Have got screen caps so don't bother deleting your Boston posts)
.................
ZH is being targeted by FedGov spambots & human operatives saturating the comment sections with garbage and disinformation in addition to down voting certain posters.
They are not harmless trolls, they are professional operatives attempting to undermine and discredit ZH via multi nic sock puppets.
Attacking this post by constant down voting speaks for itself.
Case closed.
You don't seem to have much trust in the 7th rule. Relax, man ...
we few, we happy few, we band of silver holders . . .
If these are naked shorts, then who is going to force them to cover their positions? I can't see the usual margin requirements having much of an effect on banks.
the fbi agents were rappeling down a 100' length of rope attached to the helicopter; they weren't informed that the altitude of the chopper was 5,000'.
as at the last of it am i...and honored to be so....
my thoughts:
first was i thinkin on that i'd be a postin about the quality of this tyler's posting. my thinkin' being that the quality this tyler is shown by the fact of accuracy and established history of accuracy.
a simple concept, most difficultly achieved.
this tyler shows the mettle that is of essence to the very concept of what i call zh.
but, rather than posit the obvious, i dare to lay proof before your very eyes.
examine the characteristics of the up and downs.....
there is a cord that is the structure that reflects the deep zh.
i am grateful to have seen it.
again.
This chart tells the truth...