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Gold & Silver Are Jumping And WTI Crude Breaks $100

Tyler Durden's picture


As the 10Y broke solidly through 3.00% so precious metals began to move and after testing $20 in Silver overnight a few times, both gold and silver have just run stops through key levels and are jumping like Twitter (or Bitcoin) for a few minutes. WTI Crude has also just broke $100.




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Fri, 12/27/2013 - 10:12 | 4278866 HUGE_Gamma
HUGE_Gamma's picture

XOM to the moon

Fri, 12/27/2013 - 10:15 | 4278874 Stackers
Stackers's picture

Anyone checked their Bloomberg terminal to see if Kevin Henry is working today ?

Fri, 12/27/2013 - 10:24 | 4278885 BaBaBouy
BaBaBouy's picture

The Bernank Is Still Hung-Over...

US Paper-GOLD Printing Mine Is Offline.


BitCoin Mines Running Full Tilt.

Fri, 12/27/2013 - 10:33 | 4278914 SoilMyselfRotten
SoilMyselfRotten's picture

Nothing an overtime shift or two at the printing presses can't remedy

Fri, 12/27/2013 - 10:40 | 4278926 fonestar
fonestar's picture

The government told you your silver is worth twenty paper rectangles, so everyone get real excited!!

Fri, 12/27/2013 - 11:03 | 4278966 moonshadow
moonshadow's picture

or just One paper rectangle if it says '20' on it

Fri, 12/27/2013 - 12:23 | 4279171 A Nanny Moose
A Nanny Moose's picture

It's like magic, that the same paper rectangles can possess muliple simultaneous valuations, simply by the decree of some Statist high priest.

I don't suppose I can arbitrarily declare that my paper rectangles, which are decorated with 1's are the same value as the paper rectacles with 100s?

Fri, 12/27/2013 - 12:12 | 4279133 CognacAndMencken
CognacAndMencken's picture



No, the world market for silver determined that price.  If you think the US government conspired to "destroy" the price of silver and gold, how did the Fed coordinate that the value of silver would be nearly the same in every currency in the world?  Does the Fed control the price of silver in AUD. EUR, CAD, NOK, etc., too?

Fri, 12/27/2013 - 12:49 | 4279227 bwh1214
bwh1214's picture

The US government only has to manipulate one market and all the others throughout the world will fall in line with that price.  If the silver price in one exchange goes lower then another, investors will utilize the arbitrage, and profit until the prices come back in line.  That is how all the world markets work together and the prices on all the exchanges flow from one to another.  They will, however, only manipulate paper markets like the COMEX since they don’t have the physical silver to back up the manipulation, so this would be a no go in Shanghai.  Granted they can’t push things around too much, even on the COMEX or they may force a default.  I’m not a professional but I believe my description is how it all goes down.  I’m not 100% convinced that there is manipulation, but from the evidence I have seen it seems like a pretty good possibility.  I’d say I’m 70% convinced maybe a bit more.  Hey there is/ was acknowledged manipulation in LIBOR, Aluminum, Oil (the recent stuff as well as release of the strategic petroleum reserves), milk, other commodities, and last but far from least the mortgage market and of course the treasury markets/interest rates.  Not to mention LBJ said that they would manipulate the silver markets in ’64 when ending silver coinage, oh yeah Greenspan also acknowledged manipulation through gold leasing in the 90’s.  Let me take back my 70% comment.  I’m 99+% sure they are manipulating right now, the chances that they aren’t considering the financial world we live in are slim to none.    I am surprised how you sounded so cocky when it seemed pretty clear you didn’t know what you were talking about.  Hey maybe I just don’t understand what you were saying, why exactly would the fed need to manipulate the PM markets in every currency again?

Fri, 12/27/2013 - 12:45 | 4279224 Abitdodgie
Abitdodgie's picture

Wow gold went up by a couple of dollars and all the Goldcoin stackers get excited , its like your master throwing you a bone , thankyou oh great bankers for letting me make a couple of dollars.

Fri, 12/27/2013 - 13:41 | 4279434 sixbilliondollarman
sixbilliondollarman's picture

real stackers don't fucking care about the scam John Corzine futures fuck markets.

people around here on CL and other sites are doing business with silver at or above spot PLUS dealer mark for whatever you need.

Don't believe me? put up an ad offering silver coins as payment. 80% will take it...the rest are fucking scum who you wouldn't want to be doing biz with regardless [stupidity, danger, etc.]

Fri, 12/27/2013 - 19:16 | 4280415 Exponere Mendaces
Exponere Mendaces's picture

I know ZH loves gold, but honestly - a move from 1212 to around 1219 for the high is only a +0.57% increase.

Fri, 12/27/2013 - 10:17 | 4278880 HUGE_Gamma
HUGE_Gamma's picture

TBT and ABX should be good also

Fri, 12/27/2013 - 10:12 | 4278867 youngman
youngman's picture

I have been buying all week....I think 2014 will be good for PMs....hell its the last thing to go up....and everything else has....

Fri, 12/27/2013 - 10:18 | 4278876 GrinandBearit
GrinandBearit's picture

Good 4 u. 

Some look at it as a "trade"... it's not, it's a wealth preservation/protection.

I may never sell what I own.

Fri, 12/27/2013 - 10:20 | 4278891 debtor of last ...
debtor of last resort's picture

They don't hold it because it appreciates, it appreciates because they hold it.


Fri, 12/27/2013 - 10:23 | 4278898 GrinandBearit
GrinandBearit's picture

It does not appreciate... it simply maintains purchasing power as the dollar is debased.

PMs have been held down for quite a while.  Once the great reset happens, it will seem like it's appreciating, but it's really only playing catch-up.

Fri, 12/27/2013 - 10:42 | 4278935 fonestar
fonestar's picture

I don't really think 2014 will be a good year for PMs (in terms of dollars).  I think Bitcoin and then silver and gold will both get to infinity in their own special ways.  With Bitcoin the price actually matters, when Bitcoin goes down we know someone sold.  When Bitcoin goes up we know someone bought.  With gold and silver, when the price goes down we do not know what happened and when the price goes up we do not know what happened.  Bitcoin will get there incrementally and gold & silver will get there all at once.

Fri, 12/27/2013 - 11:23 | 4278995 quasimodo
quasimodo's picture

Still sucking that pacifier at night to get to sleep?

Fri, 12/27/2013 - 12:44 | 4279222 fonestar
fonestar's picture

Still love those paper rectangles mind control experiment(Q).

Fri, 12/27/2013 - 11:55 | 4279069 firstdivision
firstdivision's picture

when Bitcoin goes down we know someone sold.  When Bitcoin goes up we know someone bought. 

...and when no one wants a Bitcoin, we know its less than dirt.

Fri, 12/27/2013 - 12:43 | 4279214 fonestar
fonestar's picture

Bitcoin will never go to $0 but you are too stupid to understand why that is.

Fri, 12/27/2013 - 13:35 | 4279415 sixbilliondollarman
sixbilliondollarman's picture

You are right...they need some assholes at the bottom to get caught "holding the electronic bag" when Bitchcoin goes to $1.

Fri, 12/27/2013 - 12:52 | 4279237 Abitdodgie
Abitdodgie's picture

fonestar , at least somone else is not blinded by the colour of gold.

Fri, 12/27/2013 - 10:52 | 4278953 debtor of last ...
debtor of last resort's picture

I know. It was a quote from Another, about ten years ago. It was about 'giants' holding gold over generations and not selling any. I replied to your 'i may never sell what i own'.

Fri, 12/27/2013 - 12:30 | 4279186 Ignorance is bliss
Ignorance is bliss's picture

I think Gold and Silver do appreciate under the right circumstances. When your paper currency is failing hard money appreciates very quickly as demand rockets higher.  

Fri, 12/27/2013 - 13:49 | 4279490 CrashisOptimistic
CrashisOptimistic's picture

One more time:

Enough with the Great Reset.  When disaster strikes, there will be no recovery.  Ever.  That's not a reset.  That's oblivion.  Stop thinking it can't happen.  It happened to Carthage's civilization.  It can happen to our global civilization.

It's not 48 hrs until things get fixed again.  It's forever.  The F word.

And for God's sake this article . . . how utterly absurd to lump gold and silver -- which have zero importance -- with oil, which is all important.

Fri, 12/27/2013 - 20:07 | 4280511 Spumoni
Spumoni's picture

Oh how I admire such wisdom as you haven't. Silver and gold unimportant, but oil is? Well, let's see: none of your electronics, your car, your airplane, your computer, your boat, your can opener, your watch, your refrigerator, your TV set, your vibrator or (must I go on?) anything else which uses any form of energy will work for long, very well or at all if there is no silver in it. If it happens that you get covered with 3rd degree burns, you'd better hope there's someone with some Silvadene ointment around or you are going to die a very painful, infected and drawn-out death. Silver-the utterly useless and unimportant metal, so useless that we burn 750 million ounces a year JUST on the categories mentioned above.

Gold, another equally useless metal: without gold sheet to protect the innards of satellites, you cannot make calls to most distant parts of the world, get your instant weather or a host of other things that rely exclusively for function on working satellites. If you have rheumatoid arthritis, you had better hope there's some gold around, or you are going to be virtually paralyzed, and in a LOT of pain. The RAM in your computer, the CPU in your computer, the serial cord connectors in your computer - in short, the most important electronic connections in your little universe will not work if they are not plated with gold. Aerospace, medicine, electronics, jewelry (just try proposing to a girl with a stainless steel ring) all require gold. Jewelry aside, there are still about 175,000 ounces of gold used every year making it possible for you to spout gibberish on your computer.

For such mages as yourself, I recommend shitcoin and maybe some school. Oh, and in case you missed the memo- we got over Carthage. You know what's funny? That wasn't the end for gold or silver either!

Fri, 12/27/2013 - 10:16 | 4278870 new game
new game's picture

inflation rearing its head?

Fri, 12/27/2013 - 10:14 | 4278872 GrinandBearit
GrinandBearit's picture

Gold moves up $8, then falls again.

Oh yes... PMs are JUMPING! -lol


Fri, 12/27/2013 - 10:39 | 4278922 Lewshine
Lewshine's picture


There's a difference between falling AND TAKEN DOWN. Try, as hard as it may be, to incorporate that into your thinking. - lol

Fri, 12/27/2013 - 13:53 | 4279494 CrashisOptimistic
CrashisOptimistic's picture

Down is down, and dead is dead.

Fri, 12/27/2013 - 10:51 | 4278950 Winston Churchill
Winston Churchill's picture

USD is dumping on the FX market,

The GPB moved up  1.5cts overnight.

A huge move in one session. USD/GDP-5% over two months.

I'm happy, and  getting a better return than the S+P.

Fri, 12/27/2013 - 11:55 | 4279070 disabledvet
disabledvet's picture

Versus the pound and euro...and the yuan apparently. But that's it. I think everything is setting up nicely for a huge market correction but we'll see. Europe, Britain and China all have zippo for oil...and even if the Gulf States set up a currency Union (which I've heard they are doing) they want to peg the currency to the dollar. I'm actually a big fan of a weaker dollar...I think we really do need some inflation...but I don't see it happening. "Low volume wackiness" is more like it.

Fri, 12/27/2013 - 11:24 | 4278999 quasimodo
quasimodo's picture

My same reaction lol. I thought I was redirected to the KWN website.

Fri, 12/27/2013 - 10:17 | 4278875 Sufiy
Sufiy's picture

Rob Kirby: When China Doesn't Get Their Gold - That's When This Ends 

Greg Hunter has conducted another very interesting interview and Rob Kirby points out one more time to the elephant in the room - derivatives market, which can be on fire once interest rates will start going up. With 10 Year Treasury Yield crossing today 3.0% line in the sand we have very interesting time ahead of us. Now, finally, Gold goes vertical with US Dollar under pressure today.


US Dollar Crashed Below 80.00 - Will Gold Move Higher Now? GLD, MUX, TNR.v, GDX

 "FOREX market is moving very fast today with US dollar move nothing less than to be called crashing down below 80.00. It stands at the 79.78 at the moment of writing with Euro at 1.3861 and Pound at 1.6544. Will Gold finally move higher now from potential Double Bottom formed this year? 10 Year Treasuries are pushing the all-important level of 3.0% now. All metals are moving higher today with Copper up 1.58%."

Fri, 12/27/2013 - 10:19 | 4278881 Temporalist
Temporalist's picture

Darn I sold all my silver and gold to a gypsy woman who called herself Yanet Jellen...

Fri, 12/27/2013 - 12:02 | 4279093 Bearwagon
Bearwagon's picture

Beware! That's the Acid-Queen!

Fri, 12/27/2013 - 10:27 | 4278882 TheHound73
TheHound73's picture

Goddamn Market Manipulation.  /sarc

Fri, 12/27/2013 - 10:18 | 4278884 Save_America1st
Save_America1st's picture

Did anybody except for Turd catch this one???


The Big Squeeze - mystery hand scoops up copper

Fri Dec 20, 2013 10:46am EST   

* One investor held over 90 pct of copper contracts

* Further squeezes seen amid shortage of inventories

* Exchange says rules robust against manipulation


By Eric Onstad and Josephine Mason

LONDON/NEW YORK, Dec 20 (Reuters) - Someone has made a near billion-dollar bet on copper this week, virtually cornering the world's key stocks of the metal.

verrrrrry interesting stuff right there, folks.  And when they say "someone" has cornered the market, don't ya think they're pretty much talking about JPMorg?

Fri, 12/27/2013 - 15:00 | 4279729 cosmyccowboy
cosmyccowboy's picture

 i have been buying cooper for quite a while now, the only problem is it's mixed with nickel!

Fri, 12/27/2013 - 20:08 | 4280521 Spumoni
Spumoni's picture

Pretty sure that was a story that won't get repeated much. Too important to let the population know about it until whoever it is has made their moolah. 

Fri, 12/27/2013 - 10:18 | 4278886 gendumonde
gendumonde's picture

A bit of retracement. Thin volume, end of year positions being liquidated, options expiration, short covering. When the big boys return, gold is more likely to make new lows. 

Fri, 12/27/2013 - 10:25 | 4278901 andypaps28
andypaps28's picture

I agree , the weaker dollar has got the moves going. The 10yr over 3% is actually holding PMs down to a degree.

Fri, 12/27/2013 - 11:38 | 4279017 Tinky
Tinky's picture

"When the big boys return, gold is more likely to make new lows."

The "big boys" have been trying to push gold below 1200 with no success, in case you hadn't noticed.

Fri, 12/27/2013 - 11:41 | 4279030 quasimodo
quasimodo's picture

Don't kid yourself. They can bring it to its knees in minutes if they so choose.

Fri, 12/27/2013 - 11:52 | 4279056 RealityCheque
RealityCheque's picture

"When the big boys return, gold is more likely to make new lows."

I wasn't aware that algos take time off over christmas to see family, eat turkey and get shitfaced.

Fri, 12/27/2013 - 12:09 | 4279117 cro_maat
cro_maat's picture

Algos are Cowboys fans cause that's Amerika's team.

Fri, 12/27/2013 - 12:22 | 4279160 Silver Bully
Silver Bully's picture

'I wasn't aware that algos take time off over christmas to see family, eat turkey and get shitfaced. '

Algos don't, but the people directing their moves do. So the algos are mostly off, positions squared for the end of the year . . . or they're on cruise control (heh, yeah right). Either way, expect squirrelly, low volume shenanigans and wierdness until everyone comes back to their desks.

In other words, don't expect the wheels to come off when there's no one to be greedy or fearful. That's odd, I think I hear a voice somewhere yelling 'turn your machines back on!'

Fonestar, is that you?

Fri, 12/27/2013 - 10:20 | 4278892 Miss Expectations
Miss Expectations's picture

Three Boehners

Fri, 12/27/2013 - 10:20 | 4278893 Diablo
Diablo's picture

up 10 cents is considered 'jumping'??? just stop tyler, have some decency, youre becoming pathetic with all this clickbait garbage.



Fri, 12/27/2013 - 10:20 | 4278895 BadDog
BadDog's picture

Quick!  Dump two quadrillion oz. of paper on the market before this thing blows.

Fri, 12/27/2013 - 10:23 | 4278897 Debugas
Debugas's picture

it is not gold or silver , it is simply the USD is falling (probably because Obama signaled less automatic cuts if no deal on debt ceiling is reached)

Fri, 12/27/2013 - 10:25 | 4278899 Dr. Engali
Dr. Engali's picture

That mini PM boner is nothing the morgue can't take down by selling a few hundred contracts into an overnight illiquid market.

Fri, 12/27/2013 - 10:30 | 4278911 Colonel Klink
Colonel Klink's picture

Well that reeks of manipulation, unpossible!

Fri, 12/27/2013 - 10:29 | 4278903 Papasmurf
Papasmurf's picture

Cash 4 copper peddlers in the mall now.

Fri, 12/27/2013 - 10:38 | 4278924 new game
new game's picture

jacketed bullets?

Fri, 12/27/2013 - 10:27 | 4278905 Stanley Lord
Stanley Lord's picture

This headline reads like something from Business Insider.

Gold is up a lousy $6.

Fri, 12/27/2013 - 10:31 | 4278909 Temporalist
Temporalist's picture

Fortune smiles on Indian gold smugglers


Gold Smuggling Spikes In India As Tax Meets Bridal Season


Germany to repatriate gold from US, France

Fri, 12/27/2013 - 10:35 | 4278915 Seasmoke
Seasmoke's picture

It's ALL about Gold. Oil. Or the 10Y. Place your bets Which one is going to make the RESET.

Fri, 12/27/2013 - 10:34 | 4278919 22winmag
22winmag's picture

Crap... PM's always seem to spike when I'm reaching for the phone to call Merit and order my goodies.

Fri, 12/27/2013 - 10:39 | 4278925 tawse57
tawse57's picture

Spiking on incredibly low holiday volume so meaningless - come back and report this in 2 weeks when everyone is back from holiday and volumes are normal.

Fri, 12/27/2013 - 10:42 | 4278929 fuu
fuu's picture

I like to call that the "Nessie" formation on a chart. Looks like the Loch Ness monster just reared it's head above the water to frighten tourists.

For the record this chart formation tends to indicate the price will change in the future.

Fri, 12/27/2013 - 10:47 | 4278945 surf0766
surf0766's picture

Please pass the scotch and popcorn.

Fri, 12/27/2013 - 10:57 | 4278961 Sufiy
Sufiy's picture

Gold: Fastest Japan Inflation Since ’08. US 10Y Yield Hits 3.019% - Highest Since July 2011

Now we have some clues to the wild FOREX gyrations today and US dollar falling below 80.00. Bloomberg reports that Japan is happy to experience the Fastest Inflation from 2008. Can we start talking that money velocity will be finally moving up and pushing inflation in the system? Gold is ready and waiting for it for a long time. ZeroHedge reports that US 10Y Yield Hits 3.019% - Highest Since July 2011. Once the interest rates start moving confirming the end of 30 Year plus Bond Bull market things will change very fast. And Euro Jumps to Two-Year High on Rate Outlook. Gold and Silver are taking notice and are moving higher today. Reports from the commodity markets are suggesting that somebody knew something again and has cornered the copper market few days ago.

Fri, 12/27/2013 - 11:27 | 4279000 adr
adr's picture

Gas jumped $.50 at my local stations yesterday. Back to $3.60.

If 2014 goes like the last four years we should have gasoline above $4.00 by February. Every year since Zero came to office the average gas price for the year has increased. Gas was above $3.50 almost all year, it made it to $3.00 for a few weeks but reversed almost immediately.

 Everything felt like 1999 last year. There is nothing holding this market up, just like then. Phantom profits, bullshit hype. It was easy to see the collapse coming in 1999 when you looked below the surface. In eary 1999 the job market was strong, new graduates were getting insane job offers. By late 1999 that all changed. Ths stock market party continued for a while longer, but the labor market already collapsed by March. Year 2000 graduates were greeted with zero prospects. The stock market was still flying because insiders were pushing the worthless stocks as high as they could to cash out.

Unless there is a miracle, 2014 will make 2000 look like 1999. The consumer is done. Everyone that wanted a new car has bought one. If end of the year deals are any indication, automakers are desperate. The reported numbers were complete bullshit. My local VW dealer still has 2012 inventory on his lot. He still has two 2011 GTIs that never sold. There is so much 2013 inventory that there is almost no 2014s. In a few months some early 2015 models will be coming.

Can you imagine going to a dealer and paying original sticker price for a 2011 car when a 2015 model is on the lot?

Fri, 12/27/2013 - 12:10 | 4279122 Atomizer
Fri, 12/27/2013 - 20:16 | 4280534 Spumoni
Spumoni's picture

Besides the great food and fab girls in Charleston, really good golf and reasonably decent fishing, cheap gas is all SC has to offer!

Fri, 12/27/2013 - 11:33 | 4279012 swanpoint
swanpoint's picture


Fri, 12/27/2013 - 11:59 | 4279088 Atomizer
Atomizer's picture

Debt Crisis of the 1980s


You’ll enjoy this.



Fri, 12/27/2013 - 12:01 | 4279105 firstdivision
firstdivision's picture

That boner on WTI should give Consumer Confidence a boner, and help with consumer consumption of cheap worthless/logrithmic depreciating crap.

Fri, 12/27/2013 - 12:03 | 4279112 gendumonde
gendumonde's picture

another selling opportunity

Fri, 12/27/2013 - 13:06 | 4279285 thefirstabomb
thefirstabomb's picture

It's funny that people think that the economy can "stand on its own two feet again" As if $75 billion a month wouldn't have been the loosest monetary policy we have ever seen.  

Fri, 12/27/2013 - 13:44 | 4279451 GOSPLAN HERO
GOSPLAN HERO's picture

A Money History Moment - 1784

The Spanish owned territory of Louisiana was failing financially due to the nearly worthless U.S. Continental paper currency in circulation. In order to stabilize the economy in their North American territory, Spain sent the El Cazador to Mexico to transport about 450,000 Silver Reale coinage to New Orleans.

On January 11, 1784, El Cazador left the Port of Vera Cruz, having set sail for New Orleans. The ship, it's crew and the silver Reales disappeared without a trace. Spain was facing war with France and also owned the financially faltering Louisiana Territory, which was draining it's treasury, and war with England was now becoming imminent.

In 1800, King Carlos IV of Spain ceded the Louisiana Territory to Napoleon in order to avoid war with France. Three years later, Emperor Napoleon, sold the Louisiana Territory, a land area of about one million square miles, to President Thomas Jefferson (thats the Louisiana Purchase...) for about 3¢ an acre. This transaction doubled the size of the U.S., instantly.

Then, on August 2, 1993, the trawler Mistake, while fishing in the Gulf of Mexico fifty miles south of New Orleans, hung its net on a snag. When the crew hoisted the net and dumped the contents on the deck, they found the net was filled with silver coins! The coins bore markings from the Spanish mint in Mexico, along with the date 1783.

Fri, 12/27/2013 - 20:17 | 4280541 Spumoni
Spumoni's picture

A little-known fact of history - that whole thing was the original ZH "boating accident." "El Cazador" was painted over the original name "SILVER, BITCHEZZ!"  The shrimper named his boat "Mistake" to throw off the Feds. It almost worked...

Sat, 12/28/2013 - 01:18 | 4281120 MeelionDollerBogus
MeelionDollerBogus's picture

This moment brought to you by the History Channel!


Do NOT follow this link or you will be banned from the site!