Beware Sudden Unexplained Collapses In Commodity Prices

Tyler Durden's picture

Yellen is in; nothing is resolved in DC; and there's no news on the wires - so it makes perfect sense that once again as the 830ET period ticks by that commodity prices - especially gold, silver, and copper enter what many in the business call "free fall." All sarcasm aside, this is becoming far too ubiquitous - but of course with the CFTC closed for business, while the cat's away the algos will play.

Margin calls from yesterday's MoMo massacre, perhaps? Or just a need to show the market that Yellen is no uber-dove...?



and think we are being conspiratorial... here's the withching hour for gold over the last 15 days...


Charts: Bloomberg

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Arius's picture

shaking up the tree one last time (whatever we can get) ... right before the bombarder and the heavy cavalry  showes up ....

Stuart's picture

It wouldn't matter even if the CFTC was open for business.  They've clearly shown their cards and they are not on the side of the retail investor. 

GetZeeGold's picture



Buy're gonna have to sell it to afford healthcare.


The tricky part is all in the timing.

tmosley's picture

While the rat is away, the other rats shall keep playing just like normal?

remain calm's picture

1200-1250 will be the buy of our lifetimes. Get ready to load the truck.

greatbeard's picture

>> the buy of our lifetimes.

If I had a nickle for every time I heard that......

kliguy38's picture

It may seem like hyperbole to you now, but over time you may look back and have an attitude adjustment

philipat's picture

What a fucking joke this has all become.

And as all here understand, it makes fuck all difference if the CFTC is in place "Doing it's Job" or not. The only further concern is that these assholes have become so totally shameless, they obviously don't give a shit that everyone KNOWS what is going on, because they know that they can do whatever they want without any fear of prosecution. So, with love from Jamie and Blythe: Fuck you all.

DaddyO's picture

In my view, PM price is irrelevant for the most part if your strategy is protection from inflation and currency debasement.

If you're trading then these markdowns become problematic, although the old addage of Buy Low, Sell High becomes important.

I don't trade so let the bastards have their way with slamdown...


Manthong's picture

Keep in mind that the Fed ain’t the government and is operating full time as well as all it’s private bank clients (certainly not us) .

..essential .gov still plugging away, including PPT and of course, the other higher level interventionists

.. and their Directors never quit…

Credit may be starting to give them fits..

It will be interesting to see how the kabuki plays out.

Until credit bitch slaps the interventionists and they let loose, there is no (free) "market"

But I do not underestimate the power of the Heidelberg.

..any yes, liquidations of paper PMs as the margin calls of a spooked market happen will add to the mix.


Max Hunter's picture

How anyone could take this market serious is beyond me. The crushing of anything and everything they think neccessary for their own survival. I hope every one of those suits are hanging from a light pole some day. I hope people realize they are the cause of the collapse comming.

Herd Redirection Committee's picture

Buy gold for when currency dies.  And when currency has died, obviously don't barter your gold willy nilly.  It should be used for capital transactions only.  Land, house, vehicles, business assets. Otherwise you barter batteries, cigarettes, fresh water, moonshine, a can of beans....

Meat Hammer's picture

Exactly!  Every payday grab some shiny, even if it's just one silver eagle, stick it in the safe, and sleep well.  You don't day trade the phyzz, so don't worry about the price in fiat toilet paper.  If the S does not HTF by the time you're dead, then your kids will be protected from currency devaluation.

Buy with both hands, no matter the price, because we all know the history of fiat currencies.

El Oregonian's picture

Keep your nickles, I'll load up on discounted gold with mine.

Iam_Silverman's picture

"Buy're gonna have to sell it to afford healthcare."

Ahah!  great catch.  So that is how they came up with the pricing levels for those ACA plans.

Bronze, Gold Silver and Platinum.  How very transparent!

Arius's picture

it depends how you define the retail investor ... if you mean holders of paper promises - no, they are not on their side. 

in all fairness they are ripe for the taking, and thats what these tree shaking are trying to accomplish ... thats my take

PP's picture

everyone place a small long position, without price stop order, and demand delivery, will kick CME and crooks go to hell and pernament solve this Evil for human being

RaceToTheBottom's picture

I thought only very large orders from very large customers can demand delivery when purchasing GLD or even SLV?  Am I mistaken?

Zer0head's picture

speaking of the Cavalry

that douche with the Bow Tie on Bloomturd

he's taken to calling the Tea Party "Neo Confederates" and not only that he has suddenly embraced the constitution,  specifically the 14th amendment

He and  Fluffy his faux blonde pal were aghast, absolutely aghast that Boehner and his "Neo Confederate"  friends were behaving in an unconstitutional manner. Indeed they called in a professor from Princeton and waxed eloquent with Fluffy's folorne looking ex on the constitutional legalities surrounding the debt ceiling.

video clip

29.5 hours's picture


Good clip. The "expert" spoke so assuredly that Sec. 4 of the 14th Amendment "made it absolutely clear that Republicans would be acting unconstitutionally" if they prevented the raising of the debt ceiling.

Sec. 4 of the 14th Amendment is all about very specific issues of the time:

1) Confederate money and debts incurred by the states in the former rebellion would not be recognized

2) Any attempts by former Confederate politicians to find ways to repudiate the debts of the U.S. in putting down the rebellion (as in bills before Congress) would not be allowed.

That was the clear intent--not some future disagreement over budgets or spending.


29.5 hours's picture


Note that those scumbag former slave owners in Congress actually did try several underhanded means to prevent payments to U.S. veterans who served to keep the country in one piece.

oddjob's picture

They planned to stop payments to Civil War veterans?

StychoKiller's picture

Search for the term "Bonus Army"


greatbeard's picture

>> the Tea Party "Neo Confederates"

I guess it all depends on your perspective.  Other than the slavery and racism thing, I'm right proud of my southern heritage.  Racism knows no geographical or ethnic bounds and slavery was only by the few, so calling me a confederate really don't faze me.  Call me a Yankee, now thems fighten words.

Headbanger's picture

Damn Yankee!

It could be worse. You could be called Canadian!

Zer0head's picture

if you watch the clip (and subsequent clips) Keene is using the term "Neo Confederate" as a pejorative



Spastica Rex's picture

"Queer" use to be used as a pejorative against fags.

Sean7k's picture

If they start paying attention, they will find the whole country is becoming neo-confederates. An Arizona representative called Obama die fuhrer and the people all over America are fine with it. The only call for an apology was from democratic reps. Tyrants are always blind to public condemnation. 

Watch the government fall, but start thinking about how we want to progress after. ANYBODY that seeks to rule others is a tyrant.

Canadian Dirtlump's picture

Last time til the next time. All I can do is wear my ballistic mask to prevent facial blowtorchings, and candy apple red cameo edition jock strap to lessen the pain of what will become yellen's 10 hole dock martin boots, instead of ben's stilettos - and mentally masturbate about the day this compost pile of fraud finally lights on fire and I can hand out the fuck you's I've been dying to.

greatbeard's picture

>> I can hand out the fuck you's I've been dying to.

Hey, I've got a bulging full sack of those I'm dying to dole out.  Maybe not a healthy way to handle things, but it is what it is.

The.Harmless.Who's picture

Fuckin' Bastards! 


You can drop gold and devalue the paper in my pocket, thus diminishing its buying power, but you'll not get me to sell up!!!! 


I hate these PM Manipulators!!!!!!!!


So angry right now.  Gold should be WAAAAAAAAAAAAAAY higher.



Crash Overide's picture

Weird, in that second chart it appears that every time Gold makes a move up it goes right back down soon there after. I don't get it?

philosophers bone's picture

Decided on the drive into work that I will celebrate / mourn Ms Yellen's nomination / rubber stamp appointment as Fed Chair with a silver purchase.  Feel free to join in.

Kaiser Sousa's picture

Right behind you...

Money Maker's picture

Janet is old school - rumor has it that she has already placed Bernankes helicopter on E-Bay and placed an order for a B-52. Yellen plans on carpet bombing these markets to new highs! This is clearly bullish - because you cant fight the Fed, no matter what the crippled shit flinging monkeys in Washington are doing.


jvetter713's picture

Done.  My bi-weekly purchase is in.  Thanks for the suggestion.

ejmoosa's picture

All the bemoaning about prices.  I've been buying between 14 and 40....and with yesterday's purchase I am a day's move from being even.

I have been buying silver as a store of value, not a get rich quick scheme.


And in the long run, it will clearly work.  

Always has.  Always will.



Kaiser Sousa's picture

Ditto...bought from thing Ive ever done...sound money = freedom....

Not My Real Name's picture

I bought an ounce of Au myself yesterday for the very same reason. Buy what you can, when you can, and just keep stackin.

dcj98gst's picture

Plenty of freshly printed fiat to naked short the paper PM's -- the banks will have.  Keep stacking.  They more they manipulate, the quicker it will eventually resolve with real price discovery.

101 years and counting's picture

all selling of pm's is manipualtion. all buying is capitalism at work.

quasimodo's picture

Hell ya! Crash and burn it bitches. Stupid f-kers wanna put them on sale all the time then play along kiddies.

Winston Churchill's picture

Hold fire, and keep some dry fiat.

I see them pushing gold down to $1050 before the manipulation fails.

Before Oct. options expiry IMO.

RealityCheque's picture

Thanks for the celebratory discount Janet. You cunt.

quasimodo's picture

You make the assumption she has a cunt

RealityCheque's picture

I'm sure she has a hole of some sort, perhaps with razor sharp edges. Sort of like Sarlacc from star wars, with hair.