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The Other Great Rotation?
It appears that the USD is no longer the cleanest dirty shirt - but precious metals, perhaps? And amid all this chaos in fiat and non-fiat currency markets, equities and bonds remain somewhat stoic. This is the biggest 2-day drop in the USD in 19 months. These are chaotic movements in colossal markets (that dwarf equity market capitalization) - but of course, none of that matters.
Charts:Bloomberg
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ah, yes, but wait....gold/silver, they aren't money are they?
whatcha gonna do now, bennie --- people are fleeing to something you can't multiply to exponentially galactic levels?
whatcha gonna do?
actually they are fleeing to another paper...paper gold...fleeing to the metal does not show up on the radar.
It shows up eventually. Like when the bank goes to check on how much is on deposit.
Ah but it does show up if they take delivery, like the Asian investor did with the HKMEX.
Now its London’s turn.
COMEX is allowed to settle in cash the rules changed for NY bankers whodathunkit
What about an ETF for wine? BloombergTV has been saying wine is a better investment than gold. How FUNNY is this shit??
Bloomberg kind of stole my thunder there. I have secretely been working with several major firms on an etf tied to big titties. So basically everytime someone says "I like big titties" the etf prices higher. Conversely is someone were to say "I don't like big titties" the etf would go down. I rarely say something is a can't lose but....I will tell you when it is coming out so you can mark your calendar.
so when the price drops can we milk it?
fat finger
You are just the kind of guy I am looking for on my marketing team.
ETF - Enomous Titties Fund? Can I have an application for a marketing position, too?
Sure, why not? It'll take a bunch of boobs to run it...
I'd buy that for a dollar!
Can I haz deliveriz?
Will there be a warehouse filled with large mamaries that we can rehypothecate?
slow your roll bro
have to hypothecate them first
fiat foreplay...
I'm all in Fonz...
I'm kinda with lasvegas on this one. This move, which may be a big one (who knows) would reward paper holders as much, if not more than phyz holders, because the anyone who bought phyz down here paid a big premium.
>> anyone who bought phyz down here paid a big premium.
I'm just not seeing these big premiums, at least on gold. Tulving has a buy/sell spread of about $22. $22 is one quick whack by some hedge fund. I'm not buying or selling, just observing at this point.
The cheapest I was able to get it was $1450 from my place. ASE $29.
My point is, if you bought the GLD you did not pay that.
And don't forget the XAU/USD for forex participants...35 pip spread.
zhrs hate the market so much they do not even look anymore,
great rotation YÉA. NBG up how much ? not mentioned here....
how many will actually not look...?
By all means, buy all the NBG you can get your hands on!
Only the insiders make money when something opens (!) up 300%+.
Isn't that part of a 1 for 10 split? I think NBG is actually down 50% today, after adjusting for the split.
Would make sense. Either way, I'm not a buyer!
http://www.youtube.com/watch?v=Cec2HBgCkqk
Small Faces-Watcha gonna do about it
This is simply hubris on display, hitting the $1,413 tech level on Gold in order to force the SHORTS to cover!!
and there are shitload of shorts.....
Now there's an apt metaphor.
The shorts are full of shit...
It is only one day chart. Before jumping up and down, look at 1 year chart
why not a 5yr chart?
Why not the 10yr chart?
All things considered, I tend to ignore the charts. They don't seem to predict anything but the past. One look at the financial shit storm that's become the normal is all the chart I need. Chose your lifeboats carefully.
It is not a one day chart. It is not even a half day chart.
And it is gold (paper or otherwise) priced in USD.
If the numerator were EUR, CHF, rupees or rubles what would "the chart" look like this morning?
Slightly more compressed, but still rising from left to right.
And once again, I feel the need to point out the elementary fact that the narrow, artificial, and woefully outdated metric of the US Dollar Index is NOT the US dollar itself. It is in fact a laughable measure of essentially nothing, comparing the exchange rates of one depreciating fiat currency against other, simultaneously depreciating fiat currencies.
The value of the US dollar, or the value of ANY fiat currency, always and invariably moves in one direction only: downward.
Tyler, for the love of God already, please stop repeating this bullshit that the US Dollar Index is the same thing as the US dollar, or implying that it does in fact measure in some way the purchasing value of the US dollar; it is not and it does not.
Still, one should always point out the paradoxes in the Hopium...
Or the 5,000yr chart.
its over, cash. the smart money is moving into gold....which Bennie boy better pray happens big time. because the other road --- removing all paper cash from the system, and mattress stuffing is getting pretty damn popular. if people just quietly go to gold, the banking system won't crash entirely. people start withdrawing cash in droves, and its all gone.
Thank you for trolling. We will be waiting with bated breath for you bi-annual gold bashing post.
Should we ignore a longer chart? Say ten years?
i dont know why everyone is mad at him. he is right.
the stock market outperformed gold significantly. if gold were that great we would already be above 2k.
just a bunch of disgruntled gold bugs :)
If gold was unmanipulated, I think you mean.
How long have you been around these parts?
The record shorts are getting a little nervous.
Captain! We nee more fiat!
It's war BITCHEZ.... Get used to it.
Got PHIZZZZ?
Anybody said, "Gold Bitchezz!" yet? If not:
GOLD BITCHEZZ!!!
I don't care how dirty my shirt is if it's MADE OF GOLD
Remember to keep that fabulous moustache clean too.
I still like the lumber chart better, but gold is good.
"Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."
wc
you really have to wonder just how long Bennie can control all this --- the US bond market, the equity markets here, Japan and Europe, the metals markets, the oil market.......
when this goes, its going to be earthshaking.
it continues to astound that one man --- one man who is so arrogant and sooo sooo wrongheaded --- has this much power.
really.
1 day chart is a joke unless your a day trader with tons of money, long term its not the same picture...yet.
I was going over some charts (Captain Hook's) yesterday and it's certainly possible that the Dow:Gold ratio could correct back to 15 before going on it's Fun Run down to 1 or thereabouts. Think something like Dow 18,000 vs. Gold 1200 (or Dow 15,000 vs. Gold 1000). Currently it's corrected from about 5 to today's 10+ (10.85 actually), so maybe it's corrected enough. Captain Hook was making the case for a Fibonacci correction target around 15 though, so watch out....or, buy like mad when that happens....
But, in the end they will meet in the neighborhood of 5,000.
VIX holding steady...not buying the UP
We know that our thesis is correct when it comes to fiat, the bullshit paper markets and the true value of the precious metals. We can afford to be wrong for hundreds of days in a row, and only need one day to be correct. Not only that, we would be well prepared for that day. The Chairsatan and his crew cannot afford to be wrong on their bullshit FIATH. In the meanwhile, apart from us getting ready for SHTF, let's engage our communities in any way we can . . . try to wake them up in big ways and small, being a decent human being despite people losing it, and staying steadfast for the truth, because it will win out in the end. People may be sheeple, but they also follow examples - let's take that to heart when we deal with others, and by doing that, we're that much closer to bringing this bullshit system down and more importantly, gearing up for solutions to this mess.
I don´t think Bennie has the controls anymore...they are more like line judges on the sidelines...all the central bankers .....the players are on the field...trying to play the game as they see it....but when one stops playing or can´t anymore because of a default or a rule change...that is when the game goes into termoil....as its a mad rush to the locker rooms at that point....and the stadium goes beserk....
If you buy gold and it goes up to new highs >1900, you make money + bonus of seeing Krugman eat crow. Clearly worth the risk, given the asymmetric pain/pleasure probability.
The Squid sez don't panic until we say so.
The squid will always be protected...they have the inside info...and their own island to run too if things get bad...never trust the tribe...
>> never trust the tribe...
Hey, is that what I think it is? Nahhh, couldn't be. Could it?
Tell me more about this island.
i wanna hear about the secret joo cave where they hide all the money.
Ali Baba was indeed a fortunate man, for he only had to deal with forty thieves!
i heard just a few shorts on nbg are in panic.
May thru November has added $200 to the gold price in each of the last 3 years.
Seasonality working in its favor now.
"Great Rotation" basket fuck parlor .... Haifa, Israel .... full release .... under the radar !
Interest rates shooting higher. There goes that great one of a kind trade......Housing.
US Dollar has more downside in it.
http://bullandbearmash.com/chart/spot-dollar-daily-falls-hard-euro-yen-g...
It appears that the Yen, Euro and GBP are the things to own - for the moment.