This page has been archived and commenting is disabled.
Gold Spikes, USD Dumps On Yellenomics
After spending a day ignoring the reality of moar money printing, it seems 'natural' non-algo forces released Gold and it is spiking after hours. The USD is fading further, stocks soaring moarer, and treasury yields tanking...
»
- 12142 reads
- Printer-friendly version
- Send to friend
- advertisements -
Fucking embarrassing. Only took how long?
Gold on the move, doing what it should have been doing all along:
Live Spot Gold Chart: http://www.pmbull.com/gold-price/
Silver reaction a little more muted: http://www.pmbull.com/silver-price/
Muted?! PaperSilver got slammed yesterday and, despite the slight recovery in paperGold, is still languishing around 2060 CentiFeRNs as I write.
I am hoping it gets Munk-y hammered down to 19 again, so my camp can back up the truck and BTFD again.
Yes, muted, compared to the gold spike after-hours today. Not talking about the monkey hammering yesterday.
Bitcoin over $400.
Love it or hate it, the market is choosing it.
http://bitcoincharts.com/markets/mtgoxJPY.html
$/BTC Last - 439.00001. High of day - 445
http://bitcoincharts.com/markets/mtgoxUSD.html
No derivatives to manipulate it with... just pure supply and demand. Bitcoin is hoovering up pent-up economic energy caused by all of the derivatives manipulations going on with precious metals and all commodities. CORN has a record short position in it and, from every thing that I read, farmers can't make a profit at current prices.
Re: "just pure supply and demand"
Cough! Cough cough cough! Choke! Cough!
Gold has fallen $100 per ounce in fifteen days on "taper fears." LOL!
ooops.
"Doing what it should have been doing all along"...
Oh it's a different and much higher $$$ value only in that other parallel universe
Good think they smacked gold down so hard last week so that the spike didn't break $1,300. /sarc
So who says that TPTB have lost control? That they don't know what they're doing? They do seem to be successful at suppressing the POG, at least. Fixing the economy, not so much. Or maybe they're not really trying?
When fiat wishes fail bourses central bankers best hide.
That's ok, they can only juggle hand grenades for so long before a pin slips out and it blows up in their face. Black Swans often appear from the most unlikely source.
I'm sure that a few thousand contracts dumped in overnight trading will smash that golden boner with no problems.
Only if its Thursday tomorrow.Oh wait.....
Every Thursday before OPEX is getting boring.You can set your
calendar by the overnight dump.
Pure hubris. Historians will marvel in awe at the outright hubris of today's central banksters.
The question is how do we remove the central bankers without imploding the system.
agreed. just ask mr. silver pants. he took it in the shorts yesterday
Hey it looks like today EVERYONE* is a winner!
* Except the poor people of course
It's up to the rest of the world to dump the dollar, and I don't see it happening yet. Buy everything.
I dunno, some folks are starting to make noise in the press...
http://www.zerohedge.com/news/2013-11-13/russian-lawmaker-who-believes-antichrist-coming-proposes-bill-ban-dollars-russia
And away they soar ! .....where else can all this fiat go ? Loans ? hahahaha
Hurry ...don't miss this once in a lifetime opportunity to hit the big one. Cover the whole board !
Get to the nearest Roulette Wheel and COVER THE BOARD!
LOL...I like it.
Tomorrow they will have to pull Dick Fisher out of his coffin to calm everyone down.
I'm sure this bitch will get properly smacked down by the a.m. and end up $20 lower than it was.
Once you've reached your 10-20%* of real assets in PM, unless there is a fire-sale on PM, there are other equally or more important things to invest your fiat currency: Zero Debt, enough Cash for Bargains/Deals/Steals, a full larder.
In the meantime, as I've been saying endlessly for many months, we are and will remain... in a SIDEWAYS PM MARKET! This is just gold bulls making noise, so they can move product or earn commissions, fees or promote their blog sites. Which is perfectly fine (they gotta make a living too), as long as we realize that this is what's happening, and we can choose to make an informed decision of the relevance of the situation relative to our own Master plan.
*10% for conservative investors, 20% for aggressive investors, per James Rickards' advice on how much PM to hold.
If it remains a sideways market, why buy PMs? I would buy PMs if I thought they were going up, which I do.
>> *10% for conservative investors, 20% for aggressive investors
Hooo, I'm way, way over that. Not the first time I've been a dumb ass. I'm not under water by any means, but I'm way over prudent.
But, I've got no debt. Got a real nice hobby farm, free and clear. Diesel truck, cargo trailer, flat bed equipment trailer, front loader tractor, garden tractor, ditto. Enough cash to live on for many years, ditto.
A lot of things can be worse than being over invested in the metals. I've taken a real ass kicking in paper profits but my life style is pleasant.
tank is full at just over 20 percent-didn't get all the bottom, but close enuf for a hack like me.
still gotta find a fire sale home with some acreage-that is a full time job in itself! fucken-eh, ya say...
maybe even time for foll bull:0)
hey great b, if ya don't mind me askin-what state do you live at?
>> what state do you live at?
Sorry, busy typing my other reply to you. North Florida. You are welcome to drop me a line if you want to chat about cheap acreage.
>> still gotta find a fire sale home with some acreage
They are out there, especially if you can do some fixup. One to two years ago, in my area of North Florida, there was a massive amount of repo hobby farm stuff. It sure looks like it's dried up a good bit, but there are always deals, even in the best of markets.
I bought an estate/short sale just as the bank was repoing it. I still can't believe it didn't sell as it was at land value. The mobile was trashed but it was actually a rock solid structure (an older Homes of Merit). 2X4 walls on 16" centers, 3/4 plywood floors, 1/2 drywall, double pane windows, very good insulation. It just needed all the plumbing fixtures, cabinetry, appliances and floor coverings replaced. Hell, I do that even if they are still in useable condition. Five acres are very fertile cleared land, RV pole barn with power, 300 sq ft lean to work shed off the pole barn, another 500 sq ft pole barn with a horse paddock. All fenced and cross fenced on a nice paved state highway. I'm five miles south of a nice small town and 14 miles outside of a mid sized town. $58K. I just got my first tax bill based on purchase price, $700 a year. By state law it can't go up more than a few percent a year. I've dumped another $30K in renovations in the place but that doesn't affect the tax situation since I did all the work myself. Good luck in your search.
Kirk2NCC1701: "As I've been saying endlessly for many months..."
Aren't you the preachy one.
Here's a question for you, Mr. Soapbox. If it's a "sideways market" for the foreseeable future, explain why tons of the stuff are STILL being taken off market.
You could spend 142 million on a couple of crappy paintings.
they weren't crappy when I bought them.
I hope this turns out to be the biggest fade during her hearing and that the whole turd goes down as she speaks. As far a gold goes. . .I'll be stacking away regardless.
This system is rotten to the core, after our jokes during the day with observations that US dollar was falling out of bed, we know the reason from ZeroHedge report now. People in the know were playing it already yesterday as we have noticed in the USD print. Now US Dollar is falling hard towards 80.00 and Gold is spiking up. In the big picture preparations to install Janett Yellen were started long time ago with countless attacks on Gold and ECB Rate Cut, just to allow the FED room for her upcoming policies and save the US dollar from the waterfall. http://sufiy.blogspot.co.uk/2013/11/yellens-remarks-released-early-says-...
Anyone see my post prior to market open re: ES Mini futures huge meltup? Anyways, well done if you bough the dip. Yes, the USD crush is all about Yelland's coffin nail, that and the BoJ is about to get a sanctioned green light to buy it's whole short end, which Yelland WILL also do. Again Marc Faber calls it, we get a mini crisis, she will do trillion+ on a month buyup.
Come on, Tyler. Calling what happened after hours in gold a spike is sheer Madison Avenue. Do you have a heart condition or something? I recommend you take an aspirin and go to bed early tonight.
ARGH!!! For over a month now, GLD has come agonizing close to my $1250 target on multiple occasions!! I heart BTFD ... so will wait for the Viagra to get out of this after hours GLD hard on. This is pure Yellenomics leaked confirmation hearing prepared speech driven!!
You have a gold target? Ahhh... Well, if that is mere speculation, I have no advice for you. However, if you are a saver, then the price at any one moment is not very relevant. Just buy and hold.
GLD is a useless Bankster piece of shit. Anyone pushing it or holding it should be ignored completely on the subject.
Yes… the banks do seem to be holding the GLD and running the world at the moment; am pretty sure it will always be that way - have gold, be the banker.
Janet Yelln will turn out to be the most reckless Fed head in history. She'll print until she'll be known in history as the "hyper-inflator".
Wild and reckless...she will lead to The Ninth Gate...and Babylon.
They have transformed the whole world into one giant Green screen..... everything you see and hear is fake, manufactured..total BS.
'Market' prices, statistics, justice.....all created in the new Matrix. The price of Gold is not represented by the COMEX is only function seems to be create a fake-reality.
The only tool left to TPTB is the continual creation of illusions, since they have failed with reality.
Most are going to be stunned...whilst others will be runniing for cover.
Not suprising that they smack gold down before the dove started cooing. How long can they keep delivering: that's the question.
good question, and i'm sure aint gonna answer that and become a fool. just doin gods work and storing some gold so it don't get end up with thieves...
Too bad Willie Sutton wasn't Jewish, he'd a fit right in with this Fed group.
A woman with a no limit credit card. Good lord.
No credit card limit will result IF they lose control of the Bond Market.That is the biggest conern at the moment amongst all the big boys worldwide.
once it crashes they'll be hitting the Bong Market