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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Stackers's picture

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

BaBaBouy's picture

The Bernank Is Still Hung-Over...

US Paper-GOLD Printing Mine Is Offline.


BitCoin Mines Running Full Tilt.

SoilMyselfRotten's picture

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

fonestar's picture

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

moonshadow's picture

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

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?

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?

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?

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.

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.]

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.

HUGE_Gamma's picture

TBT and ABX should be good also

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....

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.

debtor of last resort's picture

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


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.

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.

quasimodo's picture

Still sucking that pacifier at night to get to sleep?

fonestar's picture

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

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.

fonestar's picture

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

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.

Abitdodgie's picture

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

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'.

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.  

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.

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!

new game's picture

inflation rearing its head?

GrinandBearit's picture

Gold moves up $8, then falls again.

Oh yes... PMs are JUMPING! -lol


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

CrashisOptimistic's picture

Down is down, and dead is dead.

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.

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.

quasimodo's picture

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

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%."

Temporalist's picture

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

Bearwagon's picture

Beware! That's the Acid-Queen!

TheHound73's picture

Goddamn Market Manipulation.  /sarc

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?

cosmyccowboy's picture

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

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. 

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. 

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.

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.

quasimodo's picture

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

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.

cro_maat's picture

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

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?