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Furloughed Government Workers Selling Gold, Silver?

Tyler Durden's picture


While gold prices remain above their pre-Un-Taper levels, they have been monkey-hammered once again this morning as the world awakes to a US Government shutdown for the first time in 17 years. Silver has retraced all its post-Un-Taper gains and is holding at those lows. It seems the department of precious metals selling has been deemed essential... or are the furloughed government workers all selling their gold?



Of course, for the conspiracy fact crowd, this makes perfect sense. On a day when the foundation of the USA is shown for its farcical reality, what better signal to the world is there than a US equity capital market rally and barbarous relic selloff to signal the status quo is as strong as ever?

and sure enough, it's getting worse...

It seems  - given the weakness across all commodities that a deflationary impluse is being priced in...

Charts: Bloomberg


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Tue, 10/01/2013 - 08:20 | 4009159 slaughterer
slaughterer's picture

Dollar dropping, PMs dropping: MAKES PERFECT SENSE!  LOL.

Tue, 10/01/2013 - 08:24 | 4009176 ziggy59
ziggy59's picture

Dollar up, PMs down..Dollar down, PMs down... Yes there is a direct correlation there somewhere...somewhere over the rainbow...

Tue, 10/01/2013 - 08:34 | 4009211 Looney
Looney's picture

This whole reminds me of a bad guest who keeps saying Goodbye, Good Night, Goodbye, Good Night and NEVER LEAVES!!!


P.S. Can’t wait for the DEFAULT.GOV

Tue, 10/01/2013 - 08:42 | 4009250 Max Hunter
Max Hunter's picture

US and China keeping Gold and Silver prices down so China can fill their vaults. US treasuries live to see another day.   A macro long term view; US citizens giving up gold for plastic shit from China.. Nice.. Our children will admire us and our strong will.

Tue, 10/01/2013 - 08:44 | 4009261 GetZeeGold
GetZeeGold's picture



That's America......always thinking about the future.

Tue, 10/01/2013 - 08:48 | 4009270 Jaspergers
Jaspergers's picture

cash settlements coming?

Tue, 10/01/2013 - 08:55 | 4009304 GetZeeGold
GetZeeGold's picture



Yeah....that's pretty normal.

Tue, 10/01/2013 - 09:03 | 4009331 Enslavethechild...
EnslavethechildrenforBen's picture

Chinese are bribe American politician to counterfeit GLD shares backed by paper. American politician like small Chinese penis.

Tue, 10/01/2013 - 09:10 | 4009353 HoofHearted
HoofHearted's picture

I'm guessing it means that Bart "Hulk" Chilton has been furloughed and that the SEC is having to watch porn on its own time. Great, now the IBs and hedge funds can cheat. We'll see how badly we need the government when the EXACT DAMN SAME thing happens without them as happened with them. 

Tue, 10/01/2013 - 09:13 | 4009359 synergize
synergize's picture


After all it only costs more money to mine gold with total all-in costs ( than it does to sell it on the market - that means SELL!

And the COMEX just lost 3% of its total gold last week ... in ONE DAY!

Traders ... LOL!

Tue, 10/01/2013 - 09:29 | 4009392 malikai
malikai's picture

Linear thinkers are food in our nonlinear world.

The move should be a surprise to no-one. It's been viewable for free for several days yet again.

Tue, 10/01/2013 - 09:35 | 4009432 AllThatGlitters
AllThatGlitters's picture

Oh goody, another dip to buy. Don't need to no funky charts to see the consolidation and continuation move.

Standard spot price chart does it:

Live Spot Gold:

Live Spot Silver: 


Tue, 10/01/2013 - 09:21 | 4009394 Enslavethechild...
EnslavethechildrenforBen's picture

The title of this article should read GLD and SLV, not Gold and Silver.

Tue, 10/01/2013 - 08:56 | 4009307 BaBaBouy
BaBaBouy's picture

Manipulation CENTRAL.


O Blama Unbullish For GOLD ???

Tue, 10/01/2013 - 09:12 | 4009364 GetZeeGold
GetZeeGold's picture



Everyone had to sell their gold to afford the wickedly expensive cheap healthcare....didn't see that coming.

Tue, 10/01/2013 - 09:32 | 4009414 auntiesocial
auntiesocial's picture

you have no idea what a tapir looks like, you just dream about one.

Tue, 10/01/2013 - 09:40 | 4009456 Zero Point
Zero Point's picture

Maybe already happening? A disturbance in the force, even beyond normal parameters.

Fuck me.... And so it begins.

Tue, 10/01/2013 - 10:41 | 4009727 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Not only that, it won't even be a "default" since most paper gold holders have certificates that specify paper settlement is an option.


As evil as TPTB are, you gotta admire them on some level.  They are only doing what they said they would do.

Tue, 10/01/2013 - 08:49 | 4009273 Sudden Debt
Sudden Debt's picture

Yes but never the less it now UP TO PUTIN TO WIN THE NOBEL PRICE OF PEACE!!


Putin nominated for nobel price of peace! Ex KGB CCCP!

Tue, 10/01/2013 - 08:47 | 4009267 LawsofPhysics
LawsofPhysics's picture

"US and China keeping Gold and Silver prices down so central banks can fill their vaults" - Fixed.  The U.S. and China have been on the same page for 40+ years.  The plan is simple, the sheeple in both contries will work for the "elite" at chinese wages.  Wake the fuck up.

Tue, 10/01/2013 - 08:55 | 4009305 Max Hunter
Max Hunter's picture

Well.. I can't be sure the CB's are not all getting gold. But the US citizens are selling their gold in shops that pop up like Xmas kiosks at the mall.. This gold is being melted and sent to Asia.. That's my guess.. and it's not changing..  Wake up!

Tue, 10/01/2013 - 09:00 | 4009317 LawsofPhysics
LawsofPhysics's picture

Nixon made a deal with China a long time ago, even before he destroyed the final link between the dollar and anything real.

No one I know is selling any of their gold.  Sucks to be in your neighborhood I guess.

Tue, 10/01/2013 - 09:19 | 4009386 CaptainObvious
CaptainObvious's picture

Really?  I see "we buy gold" signs all over the place, from those cheesy "Cash 4 Gold" mall kiosks to the corner jeweler, and the funny thing is, nobody is ever there selling their gold. 

Tue, 10/01/2013 - 09:19 | 4009389 fonzannoon
fonzannoon's picture

The "we buy gold places" by me are all starting to shut down. I find that very interesting.

Tue, 10/01/2013 - 09:25 | 4009400 Max Hunter
Max Hunter's picture

could be the weak hands are running out. I haven't noticed the decline yet.. will be interesting

Tue, 10/01/2013 - 12:27 | 4010213 Jack Napier
Jack Napier's picture

Weak hands won't be around much longer. Once the COMEX runs out of metal they won't have an avenue anyway.

Until then strong hands be rewarded for accumulating at cost of production.

Tue, 10/01/2013 - 08:42 | 4009252 Stuart
Stuart's picture

The paper gold market especially is a rigged market.   If one does not know that by now, they're a fool.  It has official govt intervention to manage prices.    Gold companies need to ignore paper market, force a complete bifucation and sell directly at prices that are more reflective of the value of the real stuff.  If you want my gold it's $100s higher than the BS paper scam market.

Tue, 10/01/2013 - 10:51 | 4009772 mt paul
mt paul's picture

with free shipping ?

Tue, 10/01/2013 - 11:07 | 4009866 chdwlch1
chdwlch1's picture

Yes, that plan would make sense for the gold companies if their goal is to maximize profit. It's always been my contention that the same folks who are shareholders in the Central Banks of the World are also owners of the major gold/silver miners. Afterall, with unlimited resources available to them, why would they leave this direct selling loophole unaddressed? It's easier/safer for them to just buy and control the miners and close the loophole threat.

Just one man's opinion...

Tue, 10/01/2013 - 08:44 | 4009256 Dan The Man
Dan The Man's picture

Its all a bit monty python-ish

Tue, 10/01/2013 - 08:33 | 4009219 PP
PP's picture

Maybe some rally gathered to Wall Street and physical burn these crooks/manipulators and their building can only stop these kind of monkey hammer.

Terrorist attack? No need terrorist, there are enough outraged investors.



Tue, 10/01/2013 - 09:00 | 4009320 astoriajoe
astoriajoe's picture

If shareholders do the burning, no problem right? its like burning your own barn down because you want to build something else in its place.

So maybe the cops will have to check monthly statements and confirms to determine eligibility.

Tue, 10/01/2013 - 09:04 | 4009322 astroloungers
astroloungers's picture

Everyone has completely missed it......conspiracy theory 101. We are happily giving our gold to the Chinese for paper and plastic. The Anunaki are coming back and boy are they pissed. They love gold and they want it all. The reptoids will take all the gold, enjoy a Mandarin meal and will not even give us a second look, no stomach for paper or plastic. As you can see,the transfer of the gold to China must be done quickly and completely.....a matter of national security.

Tue, 10/01/2013 - 09:15 | 4009374 Max Hunter
Max Hunter's picture

I don't know about all that.. Just trying to put together what I see when I leave my house.

Tue, 10/01/2013 - 12:41 | 4010243 Jack Napier
Jack Napier's picture

If the Annunaki exist why haven't we found any skeletons of them? Sure there are mountain ranges that were leveled off in Peru thousands of years ago. Sure the Cydonia ruins date back about 17,000 years. It's still a leap of faith to believe in reptilian overlords. True or not, only those who are slaves now will be slaves to any would be invaders. Freedom cannot be taken, only given away. Human life can be taken, but eternal life is a gift none confined to this plane can interfere with.

Born once, die twice.
Born twice, die once.

Tue, 10/01/2013 - 08:24 | 4009181 Enslavethechild...
EnslavethechildrenforBen's picture

JPMorgan does not bother to counterfeit GLD shares any more, now they just transfer them electronically.

Nothing to see here...

Tue, 10/01/2013 - 08:33 | 4009213 slaughterer
slaughterer's picture

1300 broken.  Holy fuck!

Tue, 10/01/2013 - 08:38 | 4009239 Looney
Looney's picture

... Holy Fuck!


I am listening, my child!



Holy Fuck


Tue, 10/01/2013 - 08:45 | 4009265 LetThemEatRand
LetThemEatRand's picture

Nice to meet you finally.  Incidentally, sorry I take your name in vain 100+ times a day.

Tue, 10/01/2013 - 08:49 | 4009281 Jaspergers
Jaspergers's picture

1250 here we come, lets get this over with!

Tue, 10/01/2013 - 08:56 | 4009308 The.Harmless.Who
The.Harmless.Who's picture

OK, 1250... but then what? 


I'm a believer in gold, but this is really testing! 

Tue, 10/01/2013 - 09:16 | 4009376 TeamDepends
TeamDepends's picture

“Never give in. Never give in. Never, never, never, never—in nothing, great or small, large or petty—never give in, except to convictions of honour and good sense. Never yield to force. Never yield to the apparently overwhelming might of the enemy.”
  Winston Churchill

Tue, 10/01/2013 - 08:43 | 4009253 LawsofPhysics
LawsofPhysics's picture

Wake me when you can take delivery for under $300 an ounce.  That's the last time I bought physical gold.  Meh.

Tue, 10/01/2013 - 09:00 | 4009315 Sweet Chicken
Sweet Chicken's picture

"Great kid, don't get cocky!" - Han Solo

Tue, 10/01/2013 - 09:04 | 4009333 LawsofPhysics
LawsofPhysics's picture

All these folks talking about the "price" of things.  Please, we haven't had any true price discovery in 30+ years and all the corporates are still using "mark to fantasy" accounting.

Tue, 10/01/2013 - 09:16 | 4009379 HoofHearted
HoofHearted's picture

As one of my students graduated to go off and earn his PhD, he asked me the simple question of what is the most important thing for him to know in the world of finance. After thinking for a minute, I had only one suggestion, "Know the difference between price and value." So we still keep in correspondence, and he is stacking gold and silver, firearms and bas metals, just like the old prof.

Tue, 10/01/2013 - 09:25 | 4009398 CaptainObvious
CaptainObvious's picture

Very true.   I have long seen a disconnect between the value of paper GLD and the asking price of actual gold at the coin dealer.  My coin dealer can't keep gold coins in stock, and he's not asking bargain basement prices.  An ounce of the shiny stuff is running about $1500-$1600 at his shop. The coins sporting "USA" generally run at the top of the price range.  Would somebody please tell me why gold is worth more if it has "USA" stamped on it? 

Tue, 10/01/2013 - 11:11 | 4009881 AllThatGlitters
AllThatGlitters's picture

Because no tax forms are filled out when it is sold?

Tue, 10/01/2013 - 09:32 | 4009422 RaceToTheBottom
RaceToTheBottom's picture

What was his PHD in?  That tells a lot about a person.

Tue, 10/01/2013 - 14:21 | 4010713 HoofHearted
HoofHearted's picture

Mathematics. He's one of the bright ones who will actually have a job.

Tue, 10/01/2013 - 09:47 | 4009496 Sweet Chicken
Sweet Chicken's picture

Laws I wanted to say I am not one of the down votes, I ain't got nothing but love for you. 

Tue, 10/01/2013 - 08:37 | 4009227 TideFighter
TideFighter's picture

I can't watch male-on-male sex. I can't watch Obama's drama. If not for the President gig, he would be a drama queen down on New Orleans. Talking to the military, telling federal workers not to respond to calls or emails, taking no blame for ObamaCare; which by the way, it is reported that NOT A SINGLE EXCHANGE is functioning this morning. Maybe all exchanges taken down?

Tue, 10/01/2013 - 09:37 | 4009440 RaceToTheBottom
RaceToTheBottom's picture

I work in the Healthcare field. 

No gov orgn would have the ability to program those sites. And they know it

No gov agency has the skills to even user test those sites. And they know it.

They were all build by external contractors/consultants, many of them small businesses who sold vaporware and are now building it on the fly. 

Grandted the requirements give are probably crap but they are a business that should be able to deal with bad requirements.

So basically you are blaming the government for something a private business has failed on.  Just so you know..

Tue, 10/01/2013 - 09:57 | 4009545 Abaco
Abaco's picture

Bullshit.  You can sit in a meeting with .gov employees and give them a design. It will be shot down because they have some fucker who has never built anything thinking he knows how to do it and because he is .gov he gets to call the shots. You can tell them why his design won't fail and he won't listen.  The rest of the cows follow their one golden rule - don't break ranks with other .gov.  So you are forced to discard soujd design and build some ignorant douchebag's fantasy.  Then when it fails they will point the finger at you. Been there done that. Wprked on a .gov project to make data available on the web. They have spent more than $300 million over ten years and they still don't have it. Built a working prototype in one month that did what they wanted.  Just needed to pretty it up, refine it for a few edge cases, etc. Did it on my own time. Had it rejected because it used "unapproved" open source software "Mirth Connect." Unapproved meaning it doesn't come from a multi-billon dollar commercial company. Walked away from .gov work (and, literally, millions) because it isn't worth having your soul sucked out every day.

Tue, 10/01/2013 - 10:37 | 4009595 RaceToTheBottom
RaceToTheBottom's picture

Don't disagree with anything you have said.  I work in the same field as an external.  They are dumber than dorknobs and screw up ever design they touch.  But you signed up for it.  You should have know it.


Plus the bitches that the OP talked about were programming 101 stuff, not architecture stuff.

Again Government workers did not do the programming.

Tue, 10/01/2013 - 08:39 | 4009243 Sudden Debt
Sudden Debt's picture


Governement workers make the most money in the labor pool so they got the most money to spend on gold an silver.

And now that they don't get their salary... but still need hooker and blow money... they sell gold and silver.


Tue, 10/01/2013 - 09:17 | 4009377 Againstthelie
Againstthelie's picture

And therefore they sold in the minute 14:01CET 4531 futures contracts or 453100 ounces of gold. or 14,1 tonnes.

Then they recognized they still have way too much gold, stormed the dealers and sold @14:30CET 8175 contracts in a single minute. Or 25 tonnes.

And since the CFTC is controlling everything and while from energy, over currencies and bonds everything is manipulated, we can be sure, at least the precious metals market is the only free market.

White is black.

Slavery is freedom.

Lie is truth.

Welcome to the brave new globalist world.


But we will see, who will laugh last.


ps: I'm sure, today the Chinese are very thankful to the US bankster regime... What would they do without them? They would need to collect the gold over 100 years. Thanks to the ponzi perpetrators fighting against a collapse of trust into the ponzi, they can aquire the gold they need within a decade.

When the ponzi will unravel, the world will recognize, that the gold is not lost. It only changed hands...

Tue, 10/01/2013 - 13:28 | 4010481 Zero Debt
Zero Debt's picture

Ok, I'm with you on the contract part, but how many hookers did they buy for the proceeds?

Tue, 10/01/2013 - 08:51 | 4009290 The.Harmless.Who
The.Harmless.Who's picture

Can somebody help a brother out here? 


What is going on?  Gold is getting killed right now, but DXY isn't all that great either, and copper is being destroyed too. 


What is going on? What's the Bond Market like right now, is there a quick time rotation into Bonds?


Tue, 10/01/2013 - 09:17 | 4009384 giovanni_f
giovanni_f's picture

Take a red pill, get out of your slime pool and disconnect yourself from the Matrix. The price action you see is a consequence of your residual ego being fed with data the Government Agents take care you continue to believe is real.

Hope that helps.


Tue, 10/01/2013 - 12:01 | 4010059 The.Harmless.Who
The.Harmless.Who's picture

Gio / Morpheus, 


I'm aware of "Matrix" my virtual friend, but in spite of all the crap being being played on us, we still exist in world that's outside of our control.

I'm a Londoner, I'm a holder of gold, and I hate paper money and government stats; but the world around me still uses paper to buy food.   And, oh, I don't have the right to bear arms here. 

So, no, sadly, I didn't get an answer from you regarding the gold smack down.  I just wanted to trade some moves so I can secure my pot of gold that's all.


Thanks for the input anyway man.


Tue, 10/01/2013 - 09:28 | 4009404 AdvanceDecline
AdvanceDecline's picture

It's National Day Golden Week in China.  Everyone's on vacation for a week so some of the big physical buyers aren't in the market right now and the paper manipulators are slamming the futures.


Tue, 10/01/2013 - 11:56 | 4010064 The.Harmless.Who
The.Harmless.Who's picture

Cheers Advance, 


That is both a plausible and comforting answer.

Tue, 10/01/2013 - 09:34 | 4009431 Dr. No
Dr. No's picture

First thing, Stick FRN under your mattress.  Enough to surive for a few months.  Next take 10-25% of your assets and buy gold eagles.  Burry these in your back yard.  Next, buy food/water/self defence items.

Post again once the above is complete.

Tue, 10/01/2013 - 10:05 | 4009576 cro_maat
cro_maat's picture

Bit late to the party for all that.

Tue, 10/01/2013 - 10:25 | 4009661 Dr. No
Dr. No's picture

BS.  Are you saying someone should not prep jsut because gold is $1300/oz?  Just give up?

Tue, 10/01/2013 - 12:00 | 4010093 The.Harmless.Who
The.Harmless.Who's picture

What are FRNs (are you refering to "floaters"?).  I'm in the UK, so some of your advice is difficult to take on.  


None the less, I thank you for your advice, and like you, I don't think it is too late to grab me more Gold!  The trouble is, any dollars I have (and I do have some alongside sterling), are getting killed in value, so it is a double screw.  


If the USD was up right now, I'd be able to buy more Gold!


Fuck Obama, Ben Shalom and all the war-mongering impotent bastards out there.





Tue, 10/01/2013 - 13:00 | 4010305 Dr. No
Dr. No's picture

FRN= Federal reserve note.


For you, you should have Pound Sterling.  Pieces of paper with the Queen's mug on the face.  Not digits in a City of London bank.

Tue, 10/01/2013 - 15:32 | 4011096 jerry_theking_lawler
jerry_theking_lawler's picture

also, you may want to buy enough lead to shield your entire 'village', since in the case of a collapse, all of the nuclear reactors will go....booooooooom!

Tue, 10/01/2013 - 08:54 | 4009297 Nothing but the...
Nothing but the truth.'s picture

 This price slam has little to do with private holders selling and everything to do with Fed/ JPM/GS manipulation - mistakenly they consider PM's to be the US dollars enemy. 

Tue, 10/01/2013 - 09:45 | 4009471 HardAssets
HardAssets's picture

there is no 'US dollar' -- there is the private bankster cartel controlled 'federal' 'reserve' i.o.u. note

the PMs are the fiat notes competitor and enemy

Tue, 10/01/2013 - 09:04 | 4009340 Hobbleknee
Hobbleknee's picture

Brace yourself for the false flag attack, which Obama will say could've been prevented, if only the government wasn't shut down.

Tue, 10/01/2013 - 09:30 | 4009410 CaptainObvious
CaptainObvious's picture

I didn't realize they were furloughing NSA employees.  We just canNOT do without them!  After all, they and their data center prevented Aurora, the Boston Marathon, Sandy Hook, and the Navy Yard.  Oh, wait...

Tue, 10/01/2013 - 09:13 | 4009375 Hapa
Hapa's picture

What is up is down - the new normal.  Get used to it.  One day we'll get back to the old normal, but not yet.

Tue, 10/01/2013 - 09:38 | 4009448 HardAssets
HardAssets's picture

You gotta wonder who theyre trying to fool. These moves only show how absolutely corrupt is the US economic/political system of BigGovt/BigCorporate fascism.

Love to hear various 'analysts' try to explain the PM 'market'. Without recognizing the casino is rigged, there is no intelligent explanation. Their 'prices' mean absolutely nothing.

Tue, 10/01/2013 - 08:20 | 4009160 achmachat
achmachat's picture

funny.... if it wasn't so enraging!

Tue, 10/01/2013 - 08:29 | 4009193 101 years and c...
101 years and counting's picture

it is funny.  because im short silver.  keep whining.

Tue, 10/01/2013 - 08:51 | 4009217 TeamDepends
TeamDepends's picture

So you work for JPM, then?

Tue, 10/01/2013 - 09:08 | 4009347 GetZeeGold
GetZeeGold's picture



His CFTC info is solid.....not that they actually know anything.

Tue, 10/01/2013 - 10:04 | 4009567 Pegasus Muse
Pegasus Muse's picture

101 probably works for the CFTC --- on Bart Chilton's staff or in the so-called "Office of Investigations"  ... the Office of Coverups is more like it. 

Tue, 10/01/2013 - 09:12 | 4009365 101 years and c...
101 years and counting's picture

no.  im just able to not be a sheep like all of you and herd into pm's.  also, i can look at a chart and see its not pretty.  silver is going under $15.

Tue, 10/01/2013 - 09:33 | 4009418 TeamDepends
TeamDepends's picture

You mean paper silver is going under $15.  If it does, you won't be able to buy physical for less than $25.  But hey, keep fondling your charts if it pleases you.  We'll see who the sheep are before Christmas.

Tue, 10/01/2013 - 11:24 | 4009928 Kaiser Sousa
Kaiser Sousa's picture

The phony paper price of REAL MONEY GOING TO 15.....

as bugs would say...."what a maroon....what a ignoranomos......"

Tue, 10/01/2013 - 11:24 | 4009930 Kaiser Sousa
Kaiser Sousa's picture

The phony paper price of REAL MONEY GOING TO 15.....

as bugs would say...."what a maroon....what a ignoranomos......"

Tue, 10/01/2013 - 10:05 | 4009495 fockewulf190
fockewulf190's picture

Don't worry, Bart Chilton will get those manipulators THIS time. Once I email him and tell him about what is going on, he"ll zip right over to ZH (he's one of those unessential employees at the CFTC so he got the day off) and see whats up. I'll bet he'll be really, really frustrated!

Tue, 10/01/2013 - 08:37 | 4009228 BBullionaire
BBullionaire's picture

maybe a good time to book profit on that


Tue, 10/01/2013 - 08:38 | 4009241 Canadian Dirtlump
Canadian Dirtlump's picture

he sold his phyzz at 49 and bought it back at 18.


who is carnack?

Tue, 10/01/2013 - 09:41 | 4009460 HardAssets
HardAssets's picture

correction - - - youre likely short paper 'silver' - - - - not the same as real physical Ag

and given how predictable the gangsters are, . . . probably a very good hedging strategy

Tue, 10/01/2013 - 08:27 | 4009195 Cognitive Dissonance
Cognitive Dissonance's picture

When this all comes out the excuse used will be "National Security", the rallying cry of despots and currency defrauders everywhere.

Tue, 10/01/2013 - 08:45 | 4009258 Max Hunter
Max Hunter's picture

I hope that rally cry gives them comfort all the way to the light pole they will hopefully be haning from.

Tue, 10/01/2013 - 09:10 | 4009363 Enslavethechild...
EnslavethechildrenforBen's picture

But we have to stick together to fight them Terrists! Terrorists I tell ya. Terrists ever where's! Terrists!

Tue, 10/01/2013 - 08:31 | 4009209 Canadian Dirtlump
Canadian Dirtlump's picture

bingo. Karl Denninger apparently just went ballistic and after waking up to this shit i'm 2 shakes off of going retard. let's do the crash already.

Tue, 10/01/2013 - 08:21 | 4009163 GetZeeGold
GetZeeGold's picture




Remain calm......all is well.

Tue, 10/01/2013 - 11:22 | 4009923 DosZap
DosZap's picture

BS, they are getting FULL pay for being off.

Tue, 10/01/2013 - 13:01 | 4010314 RockyRacoon
RockyRacoon's picture

It's about time somebody pointed out that this is just a paid vacation for the "non-essential" folks.  The crocodile tears are flowing amongst all those furloughed government "workers".

Tue, 10/01/2013 - 08:22 | 4009168 Devotional
Devotional's picture

<---- Managed Market

Tue, 10/01/2013 - 08:22 | 4009174 Terminus C
Terminus C's picture

Didn't you hear?  Managed has replaced free in the Newspeak dictionary.

Tue, 10/01/2013 - 08:24 | 4009179 Confundido
Confundido's picture

At 4am they capped it, to not let it break above $1,337. At 8am, they did the typical smack down....It was soooooo predictable....

Tue, 10/01/2013 - 08:34 | 4009215 Devotional
Devotional's picture

Yep, I noticed here in Europe that as NYC opened GLD got smacked. These gangsters have gone full retard lately.

Tue, 10/01/2013 - 08:24 | 4009180 youngman
youngman's picture

totally assbackward....the new Econ 101...I am failing though..last in class....strange world we live in..and stocks are up...WTH

Tue, 10/01/2013 - 08:26 | 4009185 GetZeeGold
GetZeeGold's picture



This is Common Core Econ doesn't have to be right....just forceful.

Tue, 10/01/2013 - 09:31 | 4009415 CaptainObvious
CaptainObvious's picture

So if in Common Core Education 3 x 4 = 11, what does shutdown x gold price = in Common Core Economics?

Tue, 10/01/2013 - 08:26 | 4009183 Cognitive Dissonance
Cognitive Dissonance's picture

Right on cue at 7 am EDT and again at 8 am EDT PMs were/are dumped. They aren't even trying to hide it anymore.

<Desperate people can and will do desperate things.>

Tue, 10/01/2013 - 08:28 | 4009190 ziggy59
ziggy59's picture

I guess the CFTC cant police the crooks now...

Wait!... They never did...

Nevermind. Back to our normally scheduled takedown....

Tue, 10/01/2013 - 08:28 | 4009199 TrumpXVI
TrumpXVI's picture

Yeah, government workers selling their gold.

Interestingly, (I'm sure someone will correct me if I'm wrong) I don't believe that gold is an offered option for puchase into retirement accounts for government workers.  At least, my sister tells me that it's not an option for her.  And if her attitude is any measure, gold is probably an unpopular selection for government types anyway (exclusive, of course, of the crooks at the top of the stinking heap).

Tue, 10/01/2013 - 09:09 | 4009348 BigJim
BigJim's picture

 Yeah, government workers selling their gold.

OUR gold you mean... like Gordon Brown selling half the UK's reserves to cover bullion banks' losses in their failed carry trade.

What a thieving cunt.

Tue, 10/01/2013 - 08:30 | 4009200 Rubbish
Rubbish's picture

Sitting on a small stack of metals, stack of cash, 50 lbs of refined flour, 120 lbs of grain, food/supplies for (4) for 6 months and enough ammo if the .Gov needs some they can come to me.


Do I looked worried? Actually I am, I need moar Gold.......Let it drop

Tue, 10/01/2013 - 09:09 | 4009358 Tabarnaque
Tabarnaque's picture

If it's good for them, then it should be good for us too... 

Banca d'Italia says gold reserves key to cenbank independence

Tue, 10/01/2013 - 08:28 | 4009201 JPMorgan
JPMorgan's picture


Well time to stick my ' buy the fucking dip ' hat on.   

Tue, 10/01/2013 - 08:33 | 4009212 Fiat agnostic
Fiat agnostic's picture

Last chance for JPM's clients (aka The Fed, Chinese) to buy at knock down prices before US default.

Tue, 10/01/2013 - 08:38 | 4009242 BBullionaire
BBullionaire's picture

chinese are on holiday this week.

Tue, 10/01/2013 - 08:33 | 4009214 Manipulism
Manipulism's picture

Govermentworker is an oxymoron.

Tue, 10/01/2013 - 09:34 | 4009423 CaptainObvious
CaptainObvious's picture

I agree with your statement, minus the "oxy" part.

Tue, 10/01/2013 - 08:35 | 4009220 Enslavethechild...
EnslavethechildrenforBen's picture

Don't shoot til you see the whites of their eyes...

Tue, 10/01/2013 - 08:34 | 4009224 Alpha Dog Food
Alpha Dog Food's picture



While you are waiting for government to re-open, amuse yourself with these short animations. I particularly liked 'Death Walks Behind You - Part 2'


Tue, 10/01/2013 - 08:35 | 4009225 Kinskian
Kinskian's picture

Not a single "backing up the truck" post lately. Don't fight the Judefetzen.

Tue, 10/01/2013 - 08:39 | 4009237 quasimodo
quasimodo's picture

The reverse gears have all been stripped of their teeth, and the shifting fork is stuck in neutral

Tue, 10/01/2013 - 08:36 | 4009230 firstdivision
firstdivision's picture

I see equities finally woke up and are reading the paper while sitting on the toilet.

Tue, 10/01/2013 - 08:38 | 4009233 quasimodo
quasimodo's picture

Good grief, this shit gets old. I'm starting to think maybe the current prices ARE where they should be.

Thank you big brother, can I have another?

Tue, 10/01/2013 - 08:38 | 4009240 ziggy59
ziggy59's picture

I think i figured it out...see with the .gov circus continuing, and the assclowns home, the mint wont be making any eagles, both Ag and Au, so the supply will increase, demand should logically( on Bizarro World, gnihtyreve is opposite) drop, so the price drops...

Tue, 10/01/2013 - 08:39 | 4009245 Silverhog
Silverhog's picture

Feds setting up for the 7 handle on the dollar. I made a nice little buy to welcome the new low.

Tue, 10/01/2013 - 08:39 | 4009246 NOZZLE
NOZZLE's picture

Federal Court in Chicago is open,  no shut down here.

Tue, 10/01/2013 - 08:39 | 4009247 Dan The Man
Dan The Man's picture

Not likely amerikans have enough gold to make a dent in supply/demand metrics at the comex

Tue, 10/01/2013 - 08:44 | 4009255 eddiebe
eddiebe's picture

To all the sheeple of the world: Dollar and Us paper good, Gold and Silver bad.

Tue, 10/01/2013 - 08:49 | 4009274 GetZeeGold
GetZeeGold's picture



Paper is lighter.....and is good for a quick fire if you get cold.

Tue, 10/01/2013 - 08:43 | 4009257 lemarche
lemarche's picture


Tue, 10/01/2013 - 08:45 | 4009260 spanish inquisition
spanish inquisition's picture

As a gov worker, I think you are hoping for a long shut down. What the news does not report, is they will be getting a check when they get back for all time lost under shutdown. Long strippers and blow.

I am a little worried that the FBI may try to show the gov't is needed by giving a few guns to some poor kid who is on SSRI's. Of course, nothing says "You really need us" like dropping a nuke on your own people to make a point.

Tue, 10/01/2013 - 09:13 | 4009368 Son of Captain Nemo
Son of Captain Nemo's picture

I knew I liked you guys.  Who wouldn't like the comedy team that gave our federal government such great ideas?...

Three days of darkness


Manufactured terror threats

lead to doom and destruction

during drills that turn real






By John Kaminski

U.S. Senator Lindsay Graham (R-S.C.) hints that the biggest city in his own state might be blown up by a nuclear bomb unless the war crazy government of which he is a rabid and duplicitous cheerleader is allowed to bomb the war-torn nation of Syria because of a chemical weapons atrocity the U.S. itself has engineered using mercenaries it hired for the job. Simultaneously in South Carolina, a nuclear weapon goes missing from America's military network, and then a report adds that off the coast another nuclear bomb that was lost decades ago and never found might go off at any time.

American citizens across the country have been conditioned to accept the twisted fact that they themselves are potential terrorists as they allow their private parts to be fondled at airports and every detail of their own lives to be scrutinized by electronic eavesdroppers while their savings are stolen and their bodies poisoned by morbid maneuvers that their government flatly refuses to discuss.

Their government purchases millions of rounds of hollow point bullets — used only for maximum damage to living tissue — as well as all manner of exotic weapons, which are distributed to local police departments in violation of Constitutional law, all to fight this terror threat gone viral that is enthusiastically promoted by out-of-control media hysterics who never furnish anything of real value to their listeners, and rigorously avoid discussing the real threats to their lives.

As their food supply is turned to poison by genetic engineering, the prices for it skyrocket while the currency is dangerously inflated, reducing the value of everything they own to practically nothing. As their possessions are stolen and their homes repossessed, they autistically fiddle with their electronic devices, even as the information they use to guide their lives is whittled down to manipulative programming by the evil Jewish geniuses who run Google, Facebook, Twitter, and the New York Stock Exchange.

Their president, a man with no public history who spends millions on vacations while the citizens he is supposed to protect are overwhelmed by a tidal wave of immigrants who are bathed in benefits ordinary taxpayers do not receive, abruptly declares that he may assassinate anyone he selects, without having to explain why, thereby vaporizing the Constitutional safeguards everyone thought guaranteed their safety. Meanwhile, journalists and whistleblowers are being murdered, imprisoned or exiled in record numbers, and their elected officials cower in cowardly obedience to a foreign leader of an outlaw state who controls their campaign funds.

Through nuclear plants that are rigged to fail in an environment sorely degraded by the Fukushima disaster, and air that gets harder to breathe every day because of those skinny poison clouds now dominating the skylines of the world, their life expectancy plummets as their wheezes accelerate, while the Arctic tundra bursts into methane flames, and sea creatures, for the past several decades, have been beaching themselves because of the unendurable horror their environment has become.

How the American government can claim to be so concerned with the safety of its citizens and yet practice such sociopathic behavior against them, of course, is the ruse that has led the USA, throughout the 20th century, down this garden path to destruction. The government says, this is for your own good. And of course it isn't. It is the treating of people as commodities, and then discarding them when they are of nor further use to the pathologues running things.

By now you doubtless already know that the USA is attacking itself, not to mention every other country in the world — except Israel, by whom it is run.

But the coup de grace — the kill shot — might be delivered, depending on your source, on either Oct. 1 (Rev. Michelle Hopkins) or Nov. 13 (the government), when the latest, newest and most dangerous government "drill" is schedule to "go live", which contains the possibility that a record number of innocents could possibly "go dead". (See links below.)

Granted, this could merely be another chapter of the Y2K saga, when hysteria ran rampant anticipating a predicted catastrophe that never happened. But judging by the last few "drills" — Aurora, Sandy Hook and the Boston Marathon "drill" — the odds of ugly developments happening to the detriment of millions seem fairly high.

After all, 9/11/2001 was originally a drill for which FEMA crews were in place the night before. Even Israel sent a team of "observers" to that tragic drill that went live.

An electrical grid joint drill simulation is being planned in the United States, Canada and Mexico. Thousands of utility workers, FBI agents, anti-terrorism experts, governmental agencies, and more than 150 private businesses are involved in the November power grid drill.

Of course, the government spinmasters insist the power won't really be cut off. It's just a "drill", a simulated disaster. On the other hand, conspiracy theorists have gone ballistic with their dire predictions.

Consider over time who has been the more accurate — the government shills or the conspiracy theorists? Were there ever any dead bodies produced at Aurora, Sandy Hook or in Boston? Why was there so much talk of "crisis actors" as well as official practice sessions for a "zombie apocalypse"?

In a beleaguered country that is about to have its economy smashed to smithereens, in a world where environmental degradation the government will not discuss promises to boil everyone alive in a matter of decades, and in a political situation where everyone's money has already been stolen by the people who control the banks, why do people still believe what their government says?

Are they in some kind of trance that doesn't allow them to see what is taking place before their eyes?

Then, authoritative sounding people tell you not to worry, to remain calm, because nothing has really changed, that this is the way the relationship between those who have commandeered power and those whom they have power over has always been, ever since the time of the Magna Carta. The power mad will take what they can until they are stopped in their tracks by the people.

In any case, the Grid-Ex 2 Power Grid Down drill scheduled for Nov. 13-14, 2013 is merely the latest installment of the ages-old contest between terror and enlightenment, in an era when we have been conditioned to believe that terrorists lurk in every neighborhood and vampires are real, which will make it a lot of easier to shoot your neighbors when the right buttons are pushed and the lights go out.

If the conspiracy theorists are correct, this will be a false flag nightmare during which millions will die, followed by an incalculable period of unending warfare and indescribable agony. Yet a faint hope lingers that this is the moment of truth when the besieged remnant of the hopeful and truthful would rally to put the criminals out of business. Fat chance.

Like vulcanologists watching seismographs anticipating imminent disasters, we watch our world seemingly coming apart at the seams, and wonder how our lovely lives could have descended so quickly into this depressing abyss, when our future seems to depend on buying gold and storing nonperishable foodstuffs for the day when the lights go out and the supply lines are cut off.

The Catholics have a theological tradition called "the three days of darkness" in which the apocalypse arrives and deprives us of all light, during which we are supposed to pray for our salvation until the new world arrives and we are saved, if not killed. What was once an obscure paranoid religious fantasy is now a virtual geopolitical certainty as the machinations of government and the laws of science are now poised to thrust people into darkness and assist in their timely departures.

The mysterious Jim Stone, an insider gone rogue, wrote about the dangers of tinkering with the power grid with great trepidation. Once you turn it off, it won't easily come back on.

This would provide a perfect opportunity for culling the population, in keeping with all these other false flag catastrophes that start out as drills and wind up as mysteries like Aurora, Sandy Hook and the Boston Marathon, where you can't ever really find out if anybody really died; the only thing you can be sure of is the patsy they blamed for the crimes didn't do it.

When the lights go out, the elderly will be hurt worst. The systems they rely upon to survive simply won't work, and within a week millions will die.

No power means no Internet, no radio or TV, no light no heat, no way to call for help. Do you trust your neighbor? Do you even know him? Will you attempt to work together, or just shoot it out? What do you think the answer to that question will be in Detroit? Or a thousand other large American cities where crime in the darkness is a way of life.

No power means no work, no work means no money, no money means no food, no food means death. How long will your food last when you can't cook it? Where will you run to for help when the gas pumps don't work because there is no electricity?

Three days of darkness could easily turn into an infinity of chaos, annihilation and mayhem. What is to stop the controllers of the drill from restoring power to some areas so their businesses can operate, but leaving it out in other regions until a sufficient number of undesirables are liquidated?

But of course, this is all mere speculation, mere conspiracy theory hysteria. After all, they wouldn't poison the entire Gulf of Mexico, they wouldn't blow up Fukushima and irradiate the whole world, they wouldn't slaughter millions of people in phony wars they fabricated themselves, they wouldn't kill 3,000 of their own people in their biggest city so they could go play cowboys and indians with half the population of the world. These are just conspiracy theories, uttered by paranoid loonies.

They wouldn't do any of these things, would they?

You can watch TV and try to see what's really real. Jews own all the TV networks. You can seek out info in a magazine or newspapers. They're all owned by Jews. You can search for answers on the Internet, which was designed and is controlled by Jews. You can ask the advice of your doctor, your lawyer, your teacher, your preacher, or even your president or your senator — they're all trained and controlled by Jews.

Three days of darkness. Drills never turn real, do they?


Tue, 10/01/2013 - 09:41 | 4009458 Son of Captain Nemo
Son of Captain Nemo's picture

Just a footnote.  Replace "Jews" with Zionist, and any Christian denominations that follow and worship at the "temple" of the $$$ in Washington and Manhattan.  I didn't write the article and while I don't agree with everything being said here much of it is accurate whether we wish to believe it as fact or not.

Tue, 10/01/2013 - 08:47 | 4009266 dobermangang
dobermangang's picture

Maybe they are hacking into the health care exchanges.  None of them seem to work.

Tue, 10/01/2013 - 08:50 | 4009272 Sufiy
Sufiy's picture

What a timing! China is on National Holiday for a week now. And CFTC struggles to find any signs of Gold & Silver manipulations...The System must be dabgerously close to the total exposure...


Max Keiser: CFTC Investigation And JPMorgan Whistleblowers on Gold And Silver Manipulation.

The "results" of CFTC "investigation" in Gold and Silver manipulation stink to the high heaven. With JPMorgan being involved in manipulations in Libor, Energy and other markets and talking now about the 11 billion settlement on Mortgage market manipulations, the idea that CFTC can not find any evidence of Gold and Silver markets manipulations does not fit well with more and more facts coming to the surface.
Matt Taibbi: Is JPMorgan Too Big To Chase? Will The Gold Market Manipulation Be Exposed Next?

"Matt Taibbi continues his brilliant reporting on the world of shadows and "New Normal" on the Planet Ponzi. We are just patiently waiting now when the revelations about the Gold manipulations will hit the mass media." 


Tue, 10/01/2013 - 09:00 | 4009323 GrinandBearit
GrinandBearit's picture

Thanks for that... I did not know about the China holiday.

This means much lower prices coming this week... can't wait to buy more on sale :o)

Tue, 10/01/2013 - 08:49 | 4009278 agent default
agent default's picture

Who is doing the hard selling?  That's what we are here for.

Tue, 10/01/2013 - 08:50 | 4009279 slaughterer
slaughterer's picture

The entire commodity complex (excluding NG) is getting whacked. 

Tue, 10/01/2013 - 09:02 | 4009326 Tabarnaque
Tabarnaque's picture

But futures are up, rates are caped and the DXY index is supported at the 80 level after breaking through. There is no market anymore. Just manipultion. There is not an ounce of credibility left in this system. Of the Rich, By the Rich and For the Rich. 

Tue, 10/01/2013 - 08:50 | 4009285 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Clearly because risk has been erased without a federal government.

This must be so because markets are EFFICIENT.

Citizens the world over unite to sell gold and buy USTs.


Tue, 10/01/2013 - 08:50 | 4009286 MichiganMilitiaMan
MichiganMilitiaMan's picture

Each monkey hammer is an opportunity!

Full disclosure:

Long Barbarous relics.

Short Government Furloughs/shut down.


Tue, 10/01/2013 - 08:52 | 4009288 SilverIsMoney
SilverIsMoney's picture

Markets up and gold down.

Conclusion? We dont need a government!

Tue, 10/01/2013 - 08:51 | 4009289 hangemhigh77
hangemhigh77's picture

Shut this clown show down already.  Govt is scared shitless that the sheeple will wake up and realize they don't even miss all the govt assholes and actually things may get better. They will see that THE GOVT IS THE PROBLEM.

Tue, 10/01/2013 - 08:57 | 4009293 PhatChow
PhatChow's picture

It could be people getting ready for a default in the U.S.


Selling everything, repaying debt, or just getting ready to have some funds to buy everything cheap when it crashes.


Some people think the money will become worthless overnight. I think that what will happen is that people will have their debts called in, and a general destruction of paper wealth. Those who actually had real paper worth will be really wealthy indeed.


I wouldn't count on borrowing and mortgaging your house to buy gold, and expecting not to have to repay that debt.



OR... Once the default occurs, all physical gold holdings will need to be liquidated to pay creditors.

Tue, 10/01/2013 - 08:52 | 4009295 Tabarnaque
Tabarnaque's picture

Once the October deliveries will be over with, the Crimex will be left with around 500,000 ounces of registered gold inventory. They are getting to the end of it. I don't think they can make it through December without a default. Sit tight and let these corrupt mother fuckers play their game for now. Because one day, this will blow up in their faces. Gold and silver is a vote against the corruption of the power that be. 

Live like a Free Man, not like a Debt Slave. Fuck'em. 

Tue, 10/01/2013 - 11:29 | 4009944 Kaiser Sousa
Kaiser Sousa's picture

Well appears the blue pill has been digested....


Tue, 10/01/2013 - 08:53 | 4009298 hangemhigh77
hangemhigh77's picture

It's definetly going to impact Germany though, govt "workers" are the ones buying all the mercedes and BMW's 

Tue, 10/01/2013 - 08:58 | 4009309 hangemhigh77
hangemhigh77's picture

I look forward to no cops. I've got scores to settle. Plus watching town halls and police stations burn will warm my heart.  Not to mention seeing politicians hanging from trees. Sounds like a just world to me.

Tue, 10/01/2013 - 09:01 | 4009325 Non Passaran
Non Passaran's picture

Total bullshit! And you can bet PM's will get sold once there's a "breakthrough" and the "opposing" parties agree to additionally enslave their subjects.

On the bright side, it's early in the month. In fact, I haven't managed to touch my paycheck yet.

Keep calm & keep stacking! $1,350, $1,300, whatever. If/when the reality starts reflecting itself in PM prices, it won't matter how much we paid for gold and silver today.

Tue, 10/01/2013 - 09:01 | 4009329 Hongcha
Hongcha's picture

Maxhunter, the Amerikans' grandchildren will curse this generation.  I hope we make a new low; I have leave from the wife to buy 10 oz in 1/10 eagles.  I will do so in cash at a coin show, no paper trail.

Tue, 10/01/2013 - 09:01 | 4009330 Youri Carma
Youri Carma's picture

So gold's showing that government shut down is actually a good thing. Had we known this before they could have done this right after Lehmans LOlz

Tue, 10/01/2013 - 09:04 | 4009335 Quinvarius
Quinvarius's picture

The Bankers seem frustrated at their inability to predict physical gold demand trends this AM.  I doubt this is helping their situation.

Tue, 10/01/2013 - 09:04 | 4009339 GrinandBearit
GrinandBearit's picture

Got a few more 1/10oz fractionals at $1290... thanks assholes!

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