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Gold And Silver Slammed; Retrace Yesterday's Gains

Tyler Durden's picture





 

Once again the precious metals market is moving in a highly efficient EKG-like manner - this time to the downside. As the US markets awake, Gold has been hit with heavy selling, retracing all of yesterday's gains, and Silver the same after some overnight shenanigans as Europe opened. The fits and starts with which these markets trade is remarkable - yet we suspect tomorrow will bring even more. Notably this drop in the PMs is also accompanied by further weakness in Bitcoin, a sell-off in bonds and USD strength (the latter of which suggest taper concerns).

 

 

and bonds are being sold...

 


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Tue, 12/17/2013 - 09:27 | Link to Comment fonzannoon
fonzannoon's picture

There is still time to sell your PM's and ride facefart to $100.

It's all about fundamentals now. Anyone wildly speculating with PM's are finally getting what was coming to them.

Tue, 12/17/2013 - 09:36 | Link to Comment ThirdWorldDude
ThirdWorldDude's picture

Can you feel it? It stinks of fear and desperation...

Just wait 'till the long bonds cross Rubicon, that's where the fun part starts.

Tue, 12/17/2013 - 09:36 | Link to Comment SoilMyselfRotten
SoilMyselfRotten's picture

The Fed giveth and the Fed taketh away

Tue, 12/17/2013 - 09:44 | Link to Comment fonzannoon
fonzannoon's picture

deleted

Tue, 12/17/2013 - 09:47 | Link to Comment negative rates
negative rates's picture

Think i'm gonna wear my boy who creid wolf shirt again today, just as I did the day before the last taper announcement.

Tue, 12/17/2013 - 09:53 | Link to Comment Winston Churchill
Winston Churchill's picture

Doesn't matter what they announce.

"When it gets serious you have to lie".

We have absolutely no clue what they monetizing behind the curtain.Just their word.

Just the tip baby......

Tue, 12/17/2013 - 10:05 | Link to Comment BigJim
BigJim's picture

OK, people, I've managed to accumulate a little dry powder over the year... I'm thinking of buying a little more (phyzz, natch) PMs.

Ag? Au? and/or? What prices? Opinions, fellow Hedgers, please.

Tue, 12/17/2013 - 10:22 | Link to Comment CH1
CH1's picture

Concern for CDOs unwinding... can't have gold look like a refuge!

Hence, it gets slammed.

The cartel is evil.

Tue, 12/17/2013 - 10:57 | Link to Comment superflex
superflex's picture

That pre 8:00 takedown didn't last long.  Right back to where it started in less than 2 hours.

 

Tue, 12/17/2013 - 12:16 | Link to Comment fonestar
fonestar's picture

So according to the "logic" on this site I should sell my silver because the dollar price went down?

Tue, 12/17/2013 - 20:40 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

silver's unique: it has a nucleus, as gold does. Dollars, euros, yen, bitcoin, have no nucleus.

Tue, 12/17/2013 - 20:41 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Are you really getting such giant deliveries such a small price difference would make a difference?
10 monster boxes at a time?

Tue, 12/17/2013 - 15:06 | Link to Comment backrecord
backrecord's picture

what about the miners .. GDX, ASX:SLR ..

Tue, 12/17/2013 - 20:39 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I think they'll go to shit.

Tue, 12/17/2013 - 20:40 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I think gold & silver purchasing power will increase with gold x 3 at least, silver probably the square of gold, perhaps more.
From these prices looks good.

Tue, 12/17/2013 - 09:43 | Link to Comment Headbanger
Headbanger's picture

Amen brother!

And whoa!  Look at the 10 Year Treasury yield spike:

http://www.marketwatch.com/investing/bond/10_year

 

HAS THE "TAPER ON" NEWS BEEN LEAKED?? 

Tue, 12/17/2013 - 09:44 | Link to Comment fonzannoon
fonzannoon's picture

WTF are you talking about regarding the 10yr spiking?

Tue, 12/17/2013 - 09:54 | Link to Comment Headbanger
Headbanger's picture

WTF are you blind you mook?

Tue, 12/17/2013 - 09:57 | Link to Comment fonzannoon
fonzannoon's picture

lol what is it...up one basis point from yesterday? Again WTF are you talking about?

Tue, 12/17/2013 - 11:15 | Link to Comment BigJim
BigJim's picture

Didn't you get the memo, Fonz? You're a 'mook' on ZH now if you don't regard a sudden move of 1% as a 'surge' or 'spike'.

Tue, 12/17/2013 - 20:18 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

am I a dunce or is 100 basis points 1 % ?

Tue, 12/17/2013 - 10:10 | Link to Comment Bobbyrib
Bobbyrib's picture

Taper on? Are you not paying attention?

The government's inflation rate is unchanged and jobs in not where they want it to be (not that it matters [it's just an excuse for QEinfinity]). I seriously doubt they will taper. Also CONgress just voted to lessen the effects of Sequestratian. The slowdown in government spending is not even allowed to fully go into effect. That means more government debt for the Treasury to sell and more for the Fed to buy.

Tue, 12/17/2013 - 12:56 | Link to Comment JamesBond
JamesBond's picture

ZIRP is an STD that can't and won't ever go away...

Tue, 12/17/2013 - 09:53 | Link to Comment Headbanger
Headbanger's picture

Ooops.. Double post.

Tue, 12/17/2013 - 11:13 | Link to Comment BigJim
BigJim's picture

 Just wait 'till the long bonds cross Rubicon, that's where the fun part starts.

I first read that as 'long blonds' crossing the Rubicon, which brought to mind some interesting mental pictures, I can tell you.

Tue, 12/17/2013 - 09:34 | Link to Comment Stackers
Stackers's picture

and exactly at 8:30 est ..... again ......... I wonder what happens at 8:30am EST everyday ?

Tue, 12/17/2013 - 09:53 | Link to Comment Bullionaire
Tue, 12/17/2013 - 09:39 | Link to Comment AvoidingTaxation
AvoidingTaxation's picture

I'm shocked i say, TRULY SHOCKED!

Tue, 12/17/2013 - 10:38 | Link to Comment Al Huxley
Al Huxley's picture

You need to HURRY if you want to buy Facebook or Twitter, though - I understand supply is pretty short, and the shares are increasingly held by very strong Asian hands now.

Tue, 12/17/2013 - 11:41 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Possibly the most nonsensical comment of the day here. 

Tue, 12/17/2013 - 12:03 | Link to Comment eclectic syncretist
eclectic syncretist's picture

PM's are for investing, not speculating.  Anyone speculating in anything will get what's coming to them sooner or later. 

Tue, 12/17/2013 - 09:25 | Link to Comment dogbreath
dogbreath's picture

Ho Hum

Tue, 12/17/2013 - 09:29 | Link to Comment MFLTucson
MFLTucson's picture

Something needs to be done, this bullshit will not end on its own. We know who it is, we know what their motivation is and its time to get rid of this same group that destroyed Germany in the 30's. Dimon, Balnkfien and their friends have destroyed all US finacial markest along with the Federal Reserve Crime syndication.

Tue, 12/17/2013 - 10:13 | Link to Comment Bobbyrib
Bobbyrib's picture

They can't keep this going forever. Something will be done when they lose control.

Tue, 12/17/2013 - 09:29 | Link to Comment Sudden Debt
Sudden Debt's picture

It's like they but the shit out of it for a few seconds and dump their shit a few days later manipulation the market with almost no real money lost.

And if you put enough options against it, you can gain double your loss

Tue, 12/17/2013 - 11:12 | Link to Comment SilverRhino
SilverRhino's picture

Not too worried .... I'll keep stacking ... 

Finally convinced a friend last night about the silver vs Gold move and he was like EUREKA!! .... so another stacker was born last night. 

 

Tue, 12/17/2013 - 12:11 | Link to Comment eclectic syncretist
eclectic syncretist's picture

JPM stopped another 50,000 oz gold yesterday, bringing their total for December to ~half a million.  They sold heavily from Feb-april this year right befor the big fall, then bought heavily in August when gold went up 8% and are buying big again this month.  Assuming they know more about these things than the rest of us one should expect a move up soon. 

Perhaps Tyler could compile some data on how gold/silver does during the day before a Fed announcement? 

Tue, 12/17/2013 - 09:33 | Link to Comment youngman
youngman's picture

Australia just announced a bigger deficit than last year...quite a bit bigger..so more printing there...print..print..print..is all I see...after the new year we will start to get reports of how much Obamacare is over budget...billions more than we were told it would cost...or was that "save"...we heard....I think Obama said save....lol....it will be an additional trillion dollars in the future every year...IMHO

Tue, 12/17/2013 - 10:02 | Link to Comment Hubbs
Hubbs's picture

I think all ACA will do is enrich insurance companies because due to high deductibles and co-pays, the consumer will never be able to afford to engage the health care for actual services. Therefore, the insurance companies won't have to pay out any benefits. This will enrich the health care organiztion/heath insurance CEOs in the short run, and they will sell their shares at a profit before  single player model emerges by defaul/design.

 

The CEO don't care if their companies get squeezed out. They will already be long gone with their profits.

 

And, ACA has also meant more employement for IRS agents, software programmers, insurance administrators and  the rest of a new bureaucracy. So all the $$$ expense goes to everything but actual health care.

 

Classic distortion/misallocation of resources by government intrusion and attempts to manage.

Tue, 12/17/2013 - 20:15 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

single-payer would end all insurance companies for good.
No way is that ever happening. The rest of what you wrote made sense.

Tue, 12/17/2013 - 09:38 | Link to Comment disabledvet
disabledvet's picture

slowly but surely the market is moving beyond "what the Fed is doing." war hysteria is now replacing war talk...should be interesting to see how the energy news plays out. I still see "correction" as what's on tap going into the New Year. I would avoid all the commodity names that have rallied so furiously since they collapsed this summer. should be interesting to see how the Volcker Rule plays out as well. Big Caps are really surging for the first time in decades. "talk about cold outside."

Tue, 12/17/2013 - 09:38 | Link to Comment Seasmoke
Seasmoke's picture

Forget Gold. It's all about the bonds. 1-2-3 blast off !!!

Tue, 12/17/2013 - 09:46 | Link to Comment Kina
Kina's picture

Everyday a room full of aging white pedophiles having just abused some hapless 5 year old boy then turn to their other perversion, coruppting metals, and await their call from king pedophile at the NY Fed to determine the degree of today's perversion.

 

Tue, 12/17/2013 - 09:50 | Link to Comment The Abstraction...
The Abstraction of Justice's picture

When Bitcoin falls its 'Tulip top, I told you so!'

When PM falls its, 'Good because all my investments are in precious metals.'

Tue, 12/17/2013 - 10:19 | Link to Comment greatbeard
greatbeard's picture

>> When Bitcoin falls

Be the slightest bit objective and look at the rise of bitcoin.  Does that look sustainable, or something you would jump on at this point?

Tue, 12/17/2013 - 12:13 | Link to Comment fonestar
fonestar's picture

Something I would jump on.

Tue, 12/17/2013 - 20:13 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

dude, we know what yer jumpin' on.

Tue, 12/17/2013 - 09:55 | Link to Comment JPMorgan
JPMorgan's picture

Here is Lindsey Williams latest DVD... Global Currency Reset. 

Guess will know soon enough if this guy is completely full of shite or right on the money.

http://www.youtube.com/watch?v=ytP2wzwhR_Y

Now get that pen and paper ready folks (lol sorry couldn't resist).

Tue, 12/17/2013 - 12:01 | Link to Comment seek
seek's picture

Given a crap track record of more than a decade of hawking doom... I'm leaning towards something that smells rather than something the buys things.

Tue, 12/17/2013 - 13:37 | Link to Comment RabbitChow
RabbitChow's picture

I'll wait for the executive summary.  It's almost two hours.  Really?  And I know how LW speaks, or rather, rambles.  I usually feel let down at the end -- maybe a 5 minute clip made into a 2 hour movie.  yawn.

Tue, 12/17/2013 - 10:03 | Link to Comment Q-Q-Q
Q-Q-Q's picture

In the UK we have necessinflation “Everything that is ‘necessary’ to life is increasing in price: Shelter, energy, food, utilities, medical and transport.”

Politicians have re-branded inflation as the 'cost of living crisis' so I'm expecting the last gasp will be to remove the word 'inflation' from the English dictionary just as they removed the word 'gullible' from the 2012 edition.

Those holding phyisical gold will continue to be wrong until suddenly they are right............just don't ask me when but somewhere between the next five seconds to five years at a guess..

Tue, 12/17/2013 - 10:15 | Link to Comment Bobbyrib
Bobbyrib's picture

People here have been calling it biflation for quite some time now. We have the same thing in the US.

Tue, 12/17/2013 - 10:17 | Link to Comment orangegeek
orangegeek's picture

Support on the daily's near 1175.

 

http://bullandbearmash.com/chart/spot-gold-daily-remains-stalled-upside-...

 

We should eventually head higher - near 1325 - that should be close to a top.

 

 

Tue, 12/17/2013 - 10:24 | Link to Comment DebtSlaveZombie
DebtSlaveZombie's picture

Gold wasn't "slammed".  My god, what is with the dramatic word usage.  Gold is now offically unchanged since 8am yesterday.  It was about 1232 in the am, it saw a ramp during the day prob because speculators were guessing no taper and they put a position on and then by 9am this morning some speculators were selling due to the short term resistance at 1250.  This is called volitility.  Not market "slamming" or manipulation or algo trading.  Just simple every day market movement trying to position for potential changes in FED policy.  But yet, in perfect Zero Hedge fashion, we call any movement down in gold a "slam" and any movement up a "surge".  Please stop.

Tue, 12/17/2013 - 10:42 | Link to Comment fijisailor
fijisailor's picture

A slam is when thousands of shares are bought or sold instantly via algos which defy money making logic with their volume and then circuit breakers are tripped.  If you've been awake watching ZH you will have seen this happen both up and down on a regular basis.

Tue, 12/17/2013 - 11:11 | Link to Comment DebtSlaveZombie
DebtSlaveZombie's picture

Lol.  Yeah, you're right.  I'm sorry.  You know everything.  That's what "slammed" means.  Circuit breakers?  Geesh.  Let me spell it out... V-O-L-A-T-I-L-I-T-Y.  I don't have to "watch" zero hedge. I'm watching the market.  It's pretty easy to follow but it might not be easy from your Scottrade account. It takes time to build up your allowance so you can make a 7 dollar trade.  And be easy using big words like "algos" and "circuit breakers".  You sound like mommy's little prepper and my personal favorite, a "stacker".  Lol.  News flash junior, Fed meeting today and tomorrow.  Gonna be a little choppy on these waters.  Lot's of short interest out there and there may have been a little covering going on.  Then it met 1250 resistance and fell back down.  So go back to your CNBC viewing and have your PB&J while you watch PowerLunch and hope that your 20 silver eagles you bought at the coin show over the weekend makes money for ya.

PS - show me one article that says gold is "slammed" when it goes UP on heavy volume.  According to your response above "A slam is when thousands of shares are bought or sold instantly via algos which defy money making logic with their volume and then circuit breakers are tripped." Has Zero Hedge ever claimed a slam when gold shot up?  No.  Maybe you need to wake up a little and "watch" ZH more often yourself.

Tue, 12/17/2013 - 11:36 | Link to Comment fijisailor
fijisailor's picture

No ZH does not say it's a slam when it goes up.  I do.  Just a matter of semantics making little difference.  Obviously you know nothing about me with your wonderful fairy tale about me and my investments.  And yes there is volatility but it does have limits when the market is closed for 10 or 20 seconds going to the up or down side and I 'll bet you never noticed those 10 second closures with your casual viewing of the ups and downs.  But I guess you haven't noticed the articles about those market closures either.  Having a big mouth and an aggressive attitude does not win respect.

Tue, 12/17/2013 - 13:09 | Link to Comment DebtSlaveZombie
DebtSlaveZombie's picture

Lol.  You think I'm trying to get your respect?  I could easily get that by saying "I'm stacking moar today" or "down with the banksters" or maybe "manipulation in the PM markets!!!!".  But, that's all bs.  Just a bunch of preppers complaining they didnt get rich with their coins.  I don't sit around watching 10 second closures in the PM market, you're right.  What's it doing for you?  You getting rich off of the "algo" movements?  Do those closures mean Gerald Celente is right?  Are his "trends" digging into algo movements and making accurate predictions?  How about you make a bold prediction right now about gold or the economy with about a 3 month window.  Gold by Jan 31?  How about anything besides commenting on my eyeroll that ZH is such a drama queen when it comes to gold and silver movement.  Something... Anything... Step up and make a call and lets see how smart you are...

Tue, 12/17/2013 - 11:24 | Link to Comment DebtSlaveZombie
Tue, 12/17/2013 - 11:19 | Link to Comment ActionFive
ActionFive's picture

"This is called volatility"

No, this is called the fed supporting the dollar.

Tue, 12/17/2013 - 12:09 | Link to Comment Conax
Conax's picture

It's the method of their defense that sucks.  They could stop the bleeding by pausing the QE, hold the printing presses for a week or two.

No, they defend the dollar by beggaring silver and gold, but they do it so blatantly the dollar is still seen as a party slut that isn't worth sweet talking any more, and nobody wants to take her home.  The gold and silver continue to leave the party, and they ain't ever coming back.

Tue, 12/17/2013 - 12:06 | Link to Comment seek
seek's picture

Volatility is a symption. The slam is the cause.

Practically every day, and certainly every week, we see trades in select markets* that make no economic sense, e.g. they are structred to lose money when they could have been structed not to. Such trades are not "volatility," but attempts at control.

(* there seems to be a strong correlation between markets that would reveal dollar weakness and the appearance of these money-losing trades.)

Tue, 12/17/2013 - 20:12 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I remember seeing gold move $100 in a day.
This isn't volatility like waves slamming a shore.
This is spittle.
You guys have no spine.

Tue, 12/17/2013 - 10:31 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

Taper on/taper off doesn't really matter in the longer run. They can try to play just the tip with it for a little while, they will just have to un-taper in the near future, and probably increase it eventually when 85 bil a month isn't enough to keep the S&P gaining all time highs as the underlying real economy continues to deteriorate. This would be hilarious if it wasn't going to end in so much misery for pretty much everyone.

Tue, 12/17/2013 - 10:38 | Link to Comment AllThatGlitters
AllThatGlitters's picture

That didn't last long.  They're back up:

Live Silver:  http://www.pmbull.com/silver-price/

Nice headfake lower this morning.  Lasted long enough to induce headline writers to get it wrong. LOL.

Tue, 12/17/2013 - 10:41 | Link to Comment AllThatGlitters
AllThatGlitters's picture

Then again, maybe I responded to a headfake higher.  Now turning south.

Live Gold: http://www.pmbull.com/gold-price/

Maybe I should revise my last statement to "The recovery pop lasted just long enough to induce me in to writing a foolish post." 

Tue, 12/17/2013 - 10:49 | Link to Comment greatbeard
greatbeard's picture

>> just long enough to induce me in to writing a foolish post."

Not to worry, it's a crowed space.  You can disappear into the crowd before anyone notices.

Tue, 12/17/2013 - 10:53 | Link to Comment Al Huxley
Al Huxley's picture

It pre-FOMC, so you can't really trust any of the moves.  The only thing I'm fairly certain of at this point is that there'll be now true price discovery based on global supply and demand until GLD is empty.  Until then the price is going to be based purely on lack of Western demand, and will completely discount Eastern demand.  This seems strange to me, even if I assume no conspiracy, but there it is - GLD inventory meets physical Asian demand, and price is set in the Comex futures market. 

 

The only good thing is that in the event you do want physical metal (for insurance, savings, whatever) it will probably stay cheap for another 2 years, based on GLD depletion rate.

Tue, 12/17/2013 - 13:46 | Link to Comment tvdog
tvdog's picture

Do you really think things will stay stable for another 2 years? Seems to me there's going to be either war or economic collapse before then.

Tue, 12/17/2013 - 10:45 | Link to Comment DebtSlaveZombie
DebtSlaveZombie's picture

The concept of this blog is great.  But it's getting a little "conspiracy theory" in nature and is starting to lose it's originality.  I wish there was little more of a "report and let you decide" angle to this site as it's usefulness is starting to get clouded with prepper mentality and every single gyration in the market is met with some kind of "it's about to happen" type article that places some historical comparison to today's events.  Revisionist history can carry with it both positive and negative connotations.  Depending on how you interpret the past, your view of the future can be very one sided and this site is approaching that.  I love quotes from Adlai Stevenson and one of my favorites is "There was a time when a fool and his money were soon parted, but now it happens to everybody".  You can know the right play and lose your ass in this market.  You can't have an opinion then base your facts around it.  If the trade is working against you, then change.  It's that easy.

Tue, 12/17/2013 - 12:20 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Gold isn't a "trade". You missed that point?

Tue, 12/17/2013 - 13:11 | Link to Comment DebtSlaveZombie
DebtSlaveZombie's picture

Well, for you it's definately an investment.  When you're down about 30% it's tough to call it a trade.  So yeah, you're definately in it for awhile.

Tue, 12/17/2013 - 13:18 | Link to Comment Bay of Pigs
Bay of Pigs's picture

WTF are you talking about? It is insurance numbskull.

Your ignorance is showing.

Tue, 12/17/2013 - 14:12 | Link to Comment DebtSlaveZombie
DebtSlaveZombie's picture

My ignorance?  I wasnt calling for a bottom in Silver at 35 and buying every dip all the way down to 20 bucks.  Insurance?  You mean like BTC?  Cmon dude.  You gotta look through all this garbage to see the market for what it is.  Nothing will save you in the case of a true system collapse.

Tue, 12/17/2013 - 15:00 | Link to Comment Bay of Pigs
Bay of Pigs's picture

You obviously know little on the role and history of gold (which is what we were talking about, not silver).

Gold is money, and nothing else. It will help save those who have it in the event of a monetary collaspe/hyperinflation. 

And I never called a bottom in silver at 35 or any other price. Is said I "didnt think" it would trade that low (into the low 20's). Haven't made any predictions since then either (2011). 

Tue, 12/17/2013 - 16:44 | Link to Comment DebtSlaveZombie
DebtSlaveZombie's picture

Yeah, I understand gold's history.  But less than 10 years ago it was securitized.  Do you know how much the game changed due to the securitization of gold and silver?  How much of gold's run up to 1900 was due to the easy access to paper gold and silver investments in IRA's, 401k's, ETF's and whatever else is out there as well as large hedge funds getting in then exiting only to cause huge moves in the market?  I wonder what would happen if Greenlight Capital decided to trim its exposure to gold at the end of the year.  I would love for the "paper" premium on physical gold and silver to disappear to see what the real price for these metals are.  I think you'll find that if gold and silver were left unsecuritized the demand would drop significantly.  The "paper" investment community you guys scream about is the way a lot of gold and silver investors use to get exposure.  Take that away and the price would definately fall.  It's a moot point because we'll never know due to the complexity of these investments and the derivatives market that exists behind it.  But there's been significant gains in the PM markets due to the relative ease that a hedge fund/institution/common investor can gain access to it.  But with that comes the risk.  So you cant really compare today to other periods in history.  We are in a new age of investment.  This type of investment environment has never existed before.  This is global.

Tue, 12/17/2013 - 20:08 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

nothing changed.
Atoms are still atoms.
Gold & silver's value is due to its nucleus not the paper price.

Tue, 12/17/2013 - 20:08 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

trade short.

Tue, 12/17/2013 - 10:48 | Link to Comment Shrapnel
Shrapnel's picture

Shocker.

Tue, 12/17/2013 - 10:56 | Link to Comment Obama_4_Dictator
Obama_4_Dictator's picture

Silver just got a wierd boner...what's up wit that.....i get short-term boners sometimes but they last longer than 30 seconds, usually...

Tue, 12/17/2013 - 11:42 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Tis nothing folks, just FOMC meeting week shenanigans. GREAT time to add to the stacks

Tue, 12/17/2013 - 12:06 | Link to Comment redbird
redbird's picture

When Goldman says no taper,   http://www.cnbc.com/id/101274449, you can be sure it's coming soon. 

I say keep the powder dry.

Tue, 12/17/2013 - 15:14 | Link to Comment Trampy
Trampy's picture

The more frequent these bogus headlines with no meat (blips of -$8 Au & -.20 Ag) ... the more  it seems these "stories" supposedly from Tylers and ilene are actually written by machines optimized to maximize their ad revenues ... or maybe written by paid commenters off-shore like India. 

Wed, 12/18/2013 - 14:53 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

oh EM GEE

gold surged SEVEN DOLLARS in just the last couple of hours!!

I better go all in & take out a loan on top to get a whole tube of gold maples.

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