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Gold And Silver Smashed To 2013 Lows

Tyler Durden's picture





 

As the US session starts, despite a dearth of news and actvity in other markets, the precious metals complex is being smashed lower (on heavy volume). Gold just hit 2013 lows at $1182 and Silver at $18.837 is near its 2013 lows also.

 

 

It seems someone wants the status-quo-defying precious metals going out at their lows as central-planning-supporting stocks go out at their highs...

 

on heavy volume...

 


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Tue, 12/31/2013 - 10:00 | Link to Comment J S Bach
J S Bach's picture

Happy New Year!

Tue, 12/31/2013 - 10:02 | Link to Comment TeamDepends
TeamDepends's picture

Good thing (for them) JPM works for China now.

Tue, 12/31/2013 - 10:04 | Link to Comment Four chan
Four chan's picture

good thing my rent checks come in tomorrow, mosterbox here i come.

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

They're running a few minutes late today. usually the smash is EXACTLY at 8:30am EST without fail

Tue, 12/31/2013 - 11:13 | Link to Comment Deo vindice
Deo vindice's picture

And at the time of this post it is back over it's pre-smash price.

Can you spell volatility?

Tue, 12/31/2013 - 11:30 | Link to Comment Keyser
Keyser's picture

Looks like all the ZH members broke their piggy banks and drove PM's off the lows. 

Wed, 01/01/2014 - 09:43 | Link to Comment drdolittle
drdolittle's picture

And I bought some at the start of the day today. Before I went to work for my wages. Oh well, at least I get holiday pay tomorrow

Tue, 12/31/2013 - 10:24 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

QE is a hell of a drug.

 

Your grandkid's future earnings will be funding Ben Shalom's personal gold vault.

 

A pretty good move cause you can't just mine gold in the river......like Zimbabwe.

Tue, 12/31/2013 - 10:24 | Link to Comment SoilMyselfRotten
SoilMyselfRotten's picture

We know the banks are long gold so, until they're long silver, we will see more smashes.

Tue, 12/31/2013 - 10:30 | Link to Comment NoDebt
NoDebt's picture

Sorry, guys, that was my fault.  I was taking some tax losses on client portfolios.  Don't worry, I'll be buying back in 31 days from now.

Tue, 12/31/2013 - 11:15 | Link to Comment Crash N. Burn
Crash N. Burn's picture

"until they're long silver, we will see more smashes"

 

Not much longer they wont:

"Price-fixing by the One Bank in the silver market during the 1980’s and 90’s (and the 600-year low in the real-dollar price of silver which resulted) led to a 90% collapse in silver inventories from 1990 – 2005 alone. What happened after 2005, as this collapse seemingly began to reverse?

This was when the One Bank instructed its minions to begin falsifying the numbers on global silver inventories. This was accomplished in an absurdly clumsy manner: through adding silver sales receipts into total inventories. Specifically, every ounce of “silver” purchased in the bankers’ paper-called-silver market was added into total inventories. This has produced the totally farcical scenario in this quasi-official “record-keeping” where the more (paper) silver which is purchased, the larger the phony, official inventory numbers grow.

In short; we have absolutely no idea whether there are only two days of supply remaining for global demand for silver or two years. We only know that by 2005 the One Bank was already so alarmed by the complete collapse in global silver inventories that it began falsifying the reporting of this data – and this inventory-fraud persists to this day...

...Yet with global inventories/stockpiles of silver already at all-time lows (in per capita terms); we see the flows of (real) silver being sucked out of those dwindling inventories occurring at an even more unsustainable rate than in the gold market."

Silver Bells

 Disappearing inventory + fire sale price (below cost) = collapse

Tue, 12/31/2013 - 11:50 | Link to Comment Anasteus
Anasteus's picture

But the situation is nevertheless interesting... why does the cartel need the price to fall so low? More frightening of ordinary western folks doesn't make sense; they are already out of the game this way or another. The cartel rather seems to desperately need cheap physical, either to restore its plundered reserves, or to settle huge metal withdrawals driven mainly by China. In any case China will tremendously profit from the situation. It even looks like China has definitely gained the control over the situation holding it tight in its hands.

As was written this month, some TBTF banks held a meeting behind closed doors where they encouraged gold miners to continue selling forward contracts at current prices 'because the price could fall even further in 2014'. So this all is perhaps a hammer on miners in the first place. The rush for physical seems to be accelerating on both sides (west & east) despite the deceptive numbers exposed to the public, formerly known as 'spot price'.

The level of the rush is highly suspicious; apparently something big is happening behind the scenes… perhaps building the best starting point position in the new system after the big crash. And gold, as usual, will play the prime role.

The situation is indeed tough for gold investors these days (including me). It really requires nerves made of steel. But the incredible level of separation between the paper price and the fundamentals as well as the open price manipulation not being even masked anymore indicates a completely different game being played under the hood; the game so urgent that there is no more time left for making up more cover-ups. 'All or nothing' game.

Hold on!

Tue, 12/31/2013 - 11:09 | Link to Comment Jannn
Jannn's picture

At the other side of the lake ..

 

New Year's Eve Gold Rush At Shanghai Shopping Mall

 

http://www.ingoldwetrust.ch/new-years-eve-gold-rush-shanghai-shopping-mall

Tue, 12/31/2013 - 10:01 | Link to Comment Headbanger
Headbanger's picture

Must be all the Bitcoins being bought instead!

/ no shit it's sarc

Tue, 12/31/2013 - 10:14 | Link to Comment duo
duo's picture

CNBC needs "30% loss in 2013 for gold" to repeat over and over next year.

Tue, 12/31/2013 - 10:23 | Link to Comment TeamDepends
TeamDepends's picture

How come those cock-gobblers never explain the WHY of it?  Oh, that's right, because they work for the Ministry Of Truth.

Tue, 12/31/2013 - 10:34 | Link to Comment fockewulf190
fockewulf190's picture

Art Cashin just said it's end of the year tax write-offs. Sure it is Art.

Tue, 12/31/2013 - 10:02 | Link to Comment billwilson
billwilson's picture

Silver is the target. Gold is collateral damge. (check the volumes on the monkey hammer - all silver) They have been pounding silver the last couple of days and dragging gold down as well. We now have a double bottom for gold (for now ... but ...) to end the year. Interesting.

 

 

 

 

Tue, 12/31/2013 - 10:41 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Silver is more thinly traded (average daily gold trades are a factor of ten higher than silver), so perhaps they are going after the easier/cheaper target.  Just a theory.

Tue, 12/31/2013 - 10:42 | Link to Comment fiftybagger
fiftybagger's picture

Indeed.  Hence we buy more :-)

Silver For The People

Tue, 12/31/2013 - 10:02 | Link to Comment SnobGobbler
SnobGobbler's picture

....yea no manipulation huh.

i hope they choke on it.

Tue, 12/31/2013 - 10:05 | Link to Comment Abitdodgie
Abitdodgie's picture

Goldcoin owners getting robed agin by the bankers, I hear no shots , well I guess you just got to take it like bitchez , maybe they will throw you a bone in the new you if your lucky.

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

Starting your celebration early, eh?  And who could blame you.

Tue, 12/31/2013 - 10:02 | Link to Comment 101 years and c...
101 years and counting's picture

gold and silver's bubbles are still deflating.  but, on this site, all selling is manipulation and all buying is "normal".  you guys crack me up.

Tue, 12/31/2013 - 10:03 | Link to Comment Chief Kessler
Chief Kessler's picture

Ouch, talk about getting slammed, the metals are getting pounded harder than Mr, Nugents keyster by my buddy officer pike.

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

 

 

When did we put Uncle Ted in charge of the FED again?

 

Come to think of it.....when did we put Ted in charge of anything?

Tue, 12/31/2013 - 10:08 | Link to Comment jtz5
jtz5's picture

And on every other site, the equity markets are moving up on fundamentals. Yeah, right.

Tue, 12/31/2013 - 11:15 | Link to Comment Pumpkin
Pumpkin's picture

Well, what they don't tell you is, that the banksters stealing your money is fundamental.

Tue, 12/31/2013 - 10:08 | Link to Comment Kina
Kina's picture

Ah  yes your usual 101% dishonesty. 

 

That you blythe  or just some but hurt fed guy...

Tue, 12/31/2013 - 10:06 | Link to Comment Gringo Viejo
Gringo Viejo's picture

101: Yesterday the dollar fell 28 basis points. Gold should have risen in concert. It fell $17. Go fuck yourself troll.

Tue, 12/31/2013 - 10:07 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

sure it is perfectly normal to dump 10,000 futures contracts all at the same time so i get the lowest return on my investment.  that makes a lot of sense.  about as much as your idiotic comment...

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

 

 

Happens all the time.....it's the only way to get the absolute best price.

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

Sure seems normal to me that someone (or a group of someones all) decided to sell Gold and Silver at 8:45 AM EST on 12-31-2013.

Tue, 12/31/2013 - 10:25 | Link to Comment Xibalba
Xibalba's picture

The fact they can't orchestrate any kind of smash during regular hours is telling.  They are weak and scared. 

Tue, 12/31/2013 - 10:56 | Link to Comment tarsubil
tarsubil's picture

You do wonder. I don't really know how much gold and silver they have to burn through and how much they are willing to burn through. I feel like for all I know we could wake up any morning and find that it is all over. There is nothing left to burn through and the powers that be have nothing left but to say holding gold and silver are acts of terrorism.

Tue, 12/31/2013 - 10:58 | Link to Comment BoNeSxxx
BoNeSxxx's picture

They have next to 0 actual metal to burn.

It's all naked shorting which, by any other measure, should be illegal.

Welcome to the Banana Republic Shit Show.

Tue, 12/31/2013 - 11:29 | Link to Comment tarsubil
tarsubil's picture

Well, deliveries are still being made, right? I'm talking about when they are either unable or unwilling to make any more deliveries. Sorta like when Nixon was unwilling to let gold leak out of the country anymore and closed the gold window. When no one can take delivery that would seem to be the end of the commodity exchange as we know it in terms of gold and silver. Maybe I have this all wrong.

Tue, 12/31/2013 - 11:02 | Link to Comment Max Cynical
Max Cynical's picture

D e s p e r a t i o n!

Tue, 12/31/2013 - 10:31 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Hey CD, just wanted to thank you and others here for all your contributions and wish you all the best in 2014.

Gold and silver are bargains right now, no question. Reminds me of 1999, 2001 and 2008. Same kind of setup. Almost a universally despised asset in the West now.

Peace, Aloha and Happy New Year to all ZHers,

BoP

Tue, 12/31/2013 - 10:49 | Link to Comment Sean7k
Sean7k's picture

Happy New Year BOP.

All the best to you and yours.

Tue, 12/31/2013 - 10:11 | Link to Comment nmewn
nmewn's picture

Yeah, maybe they'll panic and dump all that gold in Ft Knox or sumpin.

Tue, 12/31/2013 - 10:40 | Link to Comment fockewulf190
fockewulf190's picture

What gold do you mean?

Tue, 12/31/2013 - 10:15 | Link to Comment Ace Ventura
Ace Ventura's picture

Sooooo....gold and silver are bubbles.....but continually ramping stocks are totally normal and solid fundamentals. Guys like you crack me up.

Tue, 12/31/2013 - 10:25 | Link to Comment 101 years and c...
101 years and counting's picture

i never said stocks are not in a bubble.  they are.  actually, a much bigger bubble than gold/silver ever got.  that bubble will pop too.

i just see no purpose in catching the falling machete that is gold/silver.  maybe at $14 for silver and $800 gold, i will dip my toe in....

Tue, 12/31/2013 - 10:39 | Link to Comment Vooter
Vooter's picture

LOL...good luck finding any physical at that price. But you strike me as more a "paper" kind of guy, anyway...

Tue, 12/31/2013 - 10:46 | Link to Comment fiftybagger
fiftybagger's picture

How can silver and gold be in a bubble when normal historical allocation for PMs is 10% and it is currently 1%?  You are either a moron or a liar, take your pick.

Silver For The People

Tue, 12/31/2013 - 10:30 | Link to Comment Yardfarmer
Yardfarmer's picture

yeah we're really stupid all right. I'm going out right now and sell all my Au/Ag and get some good and solid returns on paper- bonds, stawks, and counter party derivatives. there's obviously no upward limit to this house of cards. they have a name for guys like you 101 years and c.. it's called dumb money. and you guys sitting on the sidelines on your FRNs or piling into the 16,000 club like there is no tomorrow are the real fools. http://www.sentimentrader.com/subscriber/smart_dumb_description.htm

Tue, 12/31/2013 - 10:01 | Link to Comment The Shootist
The Shootist's picture

FRN weakness = paper gold selloff. Got it.

Tue, 12/31/2013 - 10:09 | Link to Comment SnobGobbler
SnobGobbler's picture

guess the talking points will include:

"strong dollar!" and "cheap equities" on the idiot box

 

 

Tue, 12/31/2013 - 11:12 | Link to Comment Keyser
Keyser's picture

Which is exactly what the knob gobblers on the financial channels are saying. That we are still in a bull market and there is too much money on the sidelines, goading the private investors back into the market. 

Tue, 12/31/2013 - 10:01 | Link to Comment Gringo Viejo
Gringo Viejo's picture

Thank Yewwwwwwwwww.

Tue, 12/31/2013 - 10:08 | Link to Comment SnobGobbler
SnobGobbler's picture

you mean thanks lack jew!

Tue, 12/31/2013 - 11:20 | Link to Comment Keyser
Keyser's picture

I have always found it odd that the top names in financial circles are all Jewish.  There couldn't be a hidden agenda, now could there?

http://www.secretsofthefed.com/qwefqwr/

 

Tue, 12/31/2013 - 11:19 | Link to Comment Colonel Klink
Colonel Klink's picture

Nevar!!  Unpossible!

Tue, 12/31/2013 - 10:03 | Link to Comment Grande Tetons
Grande Tetons's picture

I think the wick on this daily candle should take out a shitload of stops. Well done, cocksuckers. 

 

 

Tue, 12/31/2013 - 10:36 | Link to Comment TheRideNeverEnds
TheRideNeverEnds's picture

Maybe so but this time next year when gold is trading well below 1000 they will be happy they got stopped out up here and not down below 1000 cause that is were gold is going.

 

Wait till it trades under 500; wait for it.. wait for it!  hold... HOOOOLLLDD!  Then buy the shit out of it, all the way down to wherever it bottoms during the next downturn because the next move after that is to the moon and beyond at which time the price will quickly be rising towards infinity as people stop accepting dollars more widely

Keep in mind that its already a felony level offence in certain countries to try and use US dollars because they know its worth just the paper it is printed on.  That time is not now for most of the world, that time is still potentically many years off.

 

I think they can hold this ponzi together for at least till the end of Obamas term and keep the market rising.

 

Of course it can all crash tomorrow with gold going over 9000 I don't know; step up and place your bets!  

 

 

Tue, 12/31/2013 - 10:47 | Link to Comment Grande Tetons
Grande Tetons's picture

My bet is that with this smack on Silver we will see 21 by the end of January. Trade it with a stop around 18.40 to 18.20.   Silver back over 19 at time of writing. 

The whole system is fucked...just a matter of time till she blows...until then I am just going to trade the idiocy. 

'

Tue, 12/31/2013 - 10:50 | Link to Comment new game
new game's picture

i will take your advice s.t. haha, fuckin eh! only advice is to buy periodically and put it in a safe place.

5-10 percent of nut. now go away for a very long time cause you are full of shit...

Tue, 12/31/2013 - 10:04 | Link to Comment corporatewhore
corporatewhore's picture

if you read martin armstrong we're getting closer and closer to maximum bearishness.  almost time to use up the fiat.

Tue, 12/31/2013 - 10:07 | Link to Comment Grande Tetons
Grande Tetons's picture

It was in the cards as they say.  I think a lot of traders saw this one coming. 

Tue, 12/31/2013 - 13:16 | Link to Comment seek
seek's picture

Yeah, several of us have said as much. I called this particular slamdown yesterday, not because I'm particularly skilled, but because the manipulation is that freaking obvious.

I also called the news stories about it yesterday as well

Tue, 12/31/2013 - 10:03 | Link to Comment orangegeek
orangegeek's picture

1175 is key support for gold daily

 

http://bullandbearmash.com/chart/spot-gold-daily-moves-sharply-close-117...

 

so we got close and an immediate bounce followed

 

a stronger USD may weaken any upside in gold (stronger USD coming from near 4 year lows and a Euro coming off from near 4 year highs)

Tue, 12/31/2013 - 10:15 | Link to Comment Diablo
Diablo's picture

950 is key support for gold

FTFY


Tue, 12/31/2013 - 10:58 | Link to Comment unwashedmass
unwashedmass's picture

 

and the USD is gonna get stronger how? 

our economic "recovery" going so well? 

Tue, 12/31/2013 - 11:25 | Link to Comment Keyser
Keyser's picture

As long as TPTB keep printing, manipulating the numbers and lying to cover their malfeasance, this ponzi scheme could go on until 2017. Then no matter what they try, the wheels will come off.  

Tue, 12/31/2013 - 10:06 | Link to Comment jubber
jubber's picture

well the DAX just hit a new ATH and the market is closed for the year, just total bullshit day after day

Tue, 12/31/2013 - 10:06 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

You mean to say someone is manipulating the Precious Metals market?

<Say it ain't so Ben, say it ain't so.>

Tue, 12/31/2013 - 10:06 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Ahh but we Merikans did it!
Through our collective power as a nation we raised the Dow flagpole to a new all time record!
Stand up and cheer!
Oh and don't forget to bow to your WS overlords as you exit.

Tue, 12/31/2013 - 10:07 | Link to Comment Al Capowned
Al Capowned's picture

China hurry up and by all the phyzz so we can end this shit!

Tue, 12/31/2013 - 10:05 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

China is buying at fire sale prices.

Tue, 12/31/2013 - 10:11 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

It is time to place silver orders at APMEX and Provident Metals!

Get cheap metal now.

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

JM bullion is offering free shipping for the holidays and comparable pricing. 

very nice deal on some silver......

they don't have anything unique, but good prices on the standards. 

Tue, 12/31/2013 - 10:26 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

$21 per Silvertowne trademark bar, including shipping...

http://www.silvertowne.com/p-11650-silvertowne-trademark-1oz-999-silver-...

Happy 2014 to all here at ZH

Tue, 12/31/2013 - 10:24 | Link to Comment Jim B
Jim B's picture

APMEX is doing .89 over spot today any quantity....

 

http://www.apmex.com/product/44447?_campaign=12302013product44447

Tue, 12/31/2013 - 11:20 | Link to Comment TalkToLind
TalkToLind's picture

Provident just started doing tiered pricing for silver where 1 - 49 10 oz bars has a higher price than larger quantities.  That's bad news for stackers with small trucks.

Tue, 12/31/2013 - 11:12 | Link to Comment 10mm
10mm's picture

Im working still on the other metal. Brass/Lead. As Arnie said "Ill Be Back".

Tue, 12/31/2013 - 10:08 | Link to Comment Ace Ventura
Ace Ventura's picture

Looks like it's time to head on down to the LCS for a little dollar-cost averaging. Thanks for the fake paper smackdown, overlords!

Lub,

Ace Ventura

 

P.S. Oh yeah, almost forgot. Fuck you slime-slupring thieving oligarchical sacks of arrogant corruption. May the new year find the fleas of a quadrillion camels infesting the hair in your nether-regions.

Tue, 12/31/2013 - 10:14 | Link to Comment Dr. Bonzo
Dr. Bonzo's picture

Finally. Bottom's almost in. One more last good blow out and it's off to the races again.

 

Last chance to catch the train and it's bon voyage.

 

Tue, 12/31/2013 - 10:14 | Link to Comment firstdivision
firstdivision's picture

So...if I place my order with the Treasury Dept now, I can get these prices? 

Appears they are smashing Natty and WTI as well.  JPM/GS short commodities it would seem.

Tue, 12/31/2013 - 10:14 | Link to Comment ejmoosa
ejmoosa's picture

So we jump to the end of 2014 where silver has risen to  a mere $20...and that return has left the market in the dust.  Oh what will they say then?  

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

Looked like about 12,000-15,000 contracts indiscrimate of Slinger naked shorts in a few seconds. 

The banker participation report released yesterday at the close was incredibly bullish for gold.

http://winteractionables.com/?p=8458

 

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

The paper longs are their hedges against their OTC's that are highly leveraged short.

Tue, 12/31/2013 - 10:16 | Link to Comment Racer
Racer's picture

China must be laughing all the way to the gold vaults with extreme ecstasy

Tue, 12/31/2013 - 10:15 | Link to Comment falak pema
falak pema's picture

As I said about 2014 star gazing : if WS spikes on manipulated hike like a jumping pike then PMs will dive like the dolphin ondulating in deep sea blues.

Look for Moby Dick's tail once this ship is in stormy waters of 2015 and Capt. Ahab/Potus sees the dolphin metamorphose into the great white beast! 

"All men to fighting stations ! Its Moby and he is after me!"

When will Ahab meet his maker...?

Now dat is obscurantist rant; wadda I no ! 

Tue, 12/31/2013 - 10:20 | Link to Comment j0nx
j0nx's picture

ASE coins still selling for $5-7 over spot. Not cheap. Spot prices definitely not being honored anywhere for purchases so therefor they mean very little.

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

Premiums for 90% are around 12%, which is ridiculous.  I was buying bags of 90% in the late 80's and 90's for below spot... nobody wanted it.  The guy at my LCS at the time was using 90% $500 FV bags for door stops... I'll never forget that -lol

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

Ouch

Tue, 12/31/2013 - 10:18 | Link to Comment Bobbyrib
Bobbyrib's picture

If I wanted to manipulate gold, what I would do is pick a shortened trading day where low volume is expected. Also why not start off the new year by weakening enemies of the reserve currency. They don't even hide the blatant manipulation anymore.

Tue, 12/31/2013 - 10:23 | Link to Comment dwayne elizando
dwayne elizando's picture

Today is quarterly options expiration. They had to take it down so they can win their bearish bets. Tyler, do you know what March's bets are?

Tue, 12/31/2013 - 10:21 | Link to Comment Bastiat
Bastiat's picture

Taper, PM suppression - it's all about painting a picture of a credible USD.  How much paint is left on the bucket?   

Tue, 12/31/2013 - 10:25 | Link to Comment fijisailor
fijisailor's picture

Looks like a back up the truck kind of day.

Tue, 12/31/2013 - 11:22 | Link to Comment Hulk
Hulk's picture

Better hurry up, the physical supply is down to 10 tons and there is a 9.7 ton delivery to be made.

This shit about to get real interesting...

Tue, 12/31/2013 - 10:27 | Link to Comment CheapBastard
CheapBastard's picture

Deflationary Depression is affecting many sectors in our society so a temporary drop in prices is reflected in commodities. The Long Term Outlook is much rosier.

Tue, 12/31/2013 - 10:25 | Link to Comment billwilson
billwilson's picture

Should see 1150 on gold today. One more big smash to ring in the new year.

Tue, 12/31/2013 - 10:32 | Link to Comment Vooter
Vooter's picture

So what's new?

Tue, 12/31/2013 - 10:33 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

looks like i just decided what to spend my christmas money on. I think ill trade in those goofy looking 100 dollar bills for some real money. thanks fed.

Tue, 12/31/2013 - 10:38 | Link to Comment FreeNewEnergy
FreeNewEnergy's picture

This is beyond depressing. Just what is it that the international banking cartel wants?

They already have the global reserve currency, central banksters in all but a few sovereign states, 90% of the world's most valuable art and sculpture, all the best yatchs, coastal land, and anything else that signifies wealth.

Ah, but they won't be satisfied until they have every nation on the planet so deeply in debt that they can never escape, all of it in completely fabricated, made-up-out-of-thin-air fiat money.

Fake money, produced by creating debt to bankers, is valuable, but real money, gold and silver, is supposed to be near-worthless. This is not reality; it is pure fantasy, conjured by central bankers and sold by the mindless trolls of Wall Street and the media. All that's left is farmland, and that's becoming scarce, and they will eventually come for that, or, drive its price so high none but the connected or extremely well-heeled can afford it.

A few years ago, I thought that a condition such as we have today (insolvent banks financing companies to all-time stock market highs while the real economy contracts - and forget the "official" data - the global economy has grwon over the past six years only in terms of inflation) would have fomented a revolution. However, I have become resigned to the idea that Americans have lost their spine, are completely disorganized and suffer greatly from the pervasive normalcy bias (thank you, CogDis) created by the bankers and politicians.

Nobody wants the party to end, and it certainly will not, unless the bankers want it to, and, at the time of their choosing, and not a momet before, they will surely end it, impoverishing even more of the population of the world.

We are ruled by the most pernicious, evil, conniving group of men and women to ever walk the planet... and, we like it.

So sad.

Tue, 12/31/2013 - 10:39 | Link to Comment Vooter
Vooter's picture

Go long hydrogen cyanide...

Tue, 12/31/2013 - 11:05 | Link to Comment squexx
squexx's picture

Go long Zyklon B!!!!!!!! Fuck the tribe!

Tue, 12/31/2013 - 11:03 | Link to Comment bnbdnb
bnbdnb's picture

No revolution. The TV, mobile phone, electricity and ebt cards are still working.

Tue, 12/31/2013 - 10:40 | Link to Comment Non Passaran
Non Passaran's picture

TPTB - ending 2013 in style...

Time to buy some PMs at farcically low prices.

Tue, 12/31/2013 - 10:41 | Link to Comment enloe creek
enloe creek's picture

1889-252=1637*.618=$1012  maybe it will maybe it won't then 2323 later

Tue, 12/31/2013 - 11:12 | Link to Comment JPMorgan
JPMorgan's picture

Is anyone really surprised? 

They called for $1050 and I have no doubt they will do their best to try and make that a reality.

So it might be wise to save your cash for the bump and grind lower (imho).

IF $1000/oz is ever breached I think it's game over not long after, the increased physical demand would soon loot what's left sitting around in western vaults.  

Tue, 12/31/2013 - 10:44 | Link to Comment 1stepcloser
1stepcloser's picture

Have you seen geico's new wealth insurance commerical....mike...mike...mike Guess what day it is...Guess? Its...Stacking Day!...Whooo hooooo....  He just saved hundreds on his wealth insurance 

Tue, 12/31/2013 - 10:45 | Link to Comment Seasmoke
Seasmoke's picture

SEASMOKE 2013 Bid 1180 Ask 10,000USD

 

SEASMOKE 2014 Bid 900 Ask 10,000USD

Tue, 12/31/2013 - 10:53 | Link to Comment PaperBear
PaperBear's picture

Oh good, another fire sale.

No one on this site is being fooled, Mr Bankster.

Tue, 12/31/2013 - 10:55 | Link to Comment vincent
vincent's picture

Hoping for very selfish reasons that these levels remain for all of 2014.

 

Tue, 12/31/2013 - 10:57 | Link to Comment unwashedmass
unwashedmass's picture

 

not for nothing, but you want to talk firesale in the 2015 calls on the miners....jesus. its like picking up money all over the streets. 

Tue, 12/31/2013 - 11:02 | Link to Comment swanpoint
swanpoint's picture

Specifically what miners and strikes are you looking at?

Tue, 12/31/2013 - 11:03 | Link to Comment swanpoint
swanpoint's picture

Au up $2, Ag recovered .40 cents

Tue, 12/31/2013 - 11:04 | Link to Comment ChaosEquilibrium
ChaosEquilibrium's picture

Someone...something just bought the World paper inventory the G...now that is some stacking!

Tue, 12/31/2013 - 11:04 | Link to Comment quasimodo
quasimodo's picture

W.T.F. over? Just checked out monster boxes of ASE's at apmex, most of those are 5$ per coin over spot and up from there. Stick a fork in me already

Tue, 12/31/2013 - 11:09 | Link to Comment PrecipiceWatching
PrecipiceWatching's picture

FWIW, the premium over spot is much lower for Canadian Maple Leafs.

 

You probably already knew that.

Tue, 12/31/2013 - 12:51 | Link to Comment 22winmag
22winmag's picture

I can understand shopping at APMEX for semi-premium and premium, but nobody beats MERIT on bullion.

 

Always the lowest price and always free insured shipping. It's no contest.

Tue, 12/31/2013 - 11:06 | Link to Comment fijisailor
fijisailor's picture

And back up again before I could get to the LCS.

Tue, 12/31/2013 - 11:08 | Link to Comment Debugas
Debugas's picture

gold shoots up suddenly

WTF IS GOING ON ?

Tue, 12/31/2013 - 11:16 | Link to Comment InspectorBird
InspectorBird's picture

Whats going on? They closed their shorts and flipped long ;)

Tue, 12/31/2013 - 11:40 | Link to Comment Bastiat
Bastiat's picture

What's going on?  Crime, state sponsored bankster racketeering.

 

Tue, 12/31/2013 - 11:13 | Link to Comment TalkToLind
TalkToLind's picture

Hope you caught the bottom, bitchez!  It wasn't there for very long.

Tue, 12/31/2013 - 11:18 | Link to Comment fiftybagger
fiftybagger's picture

That didn't last very long.  I guess hey just needed it down long enough to get their bearish news stories out on their mockingbird media.

Tue, 12/31/2013 - 11:14 | Link to Comment jvetter713
jvetter713's picture

down 4% and now up.  Maybe they said...this is too obvious.

Tue, 12/31/2013 - 11:18 | Link to Comment q99x2
q99x2's picture

Damn the alchemists that turn Bitcoin into gold only have to jack the price up to under $1200.

Tue, 12/31/2013 - 11:38 | Link to Comment Bastiat
Bastiat's picture

What a fucking travesty these paper pm markets are.  So glad I stopped trying to trade them years ago.  

Tue, 12/31/2013 - 11:41 | Link to Comment HerrDoktor
HerrDoktor's picture

smash and grab

Tue, 12/31/2013 - 12:49 | Link to Comment 22winmag
22winmag's picture

I pulled the trigger yesterday afternoon at $19.50 an ounce.

 

I wish I could time it better like the big fish do.

Tue, 12/31/2013 - 16:08 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

For those who had monstrous Year-End bonuses (income or investments), they can now hedge and allocate a portion of their fiat gains. by doing what few goldbugs can still afford to do :  BTFD!  Imagine how much bullion they could buy, if they allocated a mere 5% for each Million they 'made'.  At $1200/oz, that's a lot of coins jingling in a Happy New Year.

There really IS something to be said for things like, Balance, Perspective, Diversification & Allocation.  That is, for those who don't have that Perfect Crystal Ball that Perma-Bull (CNBC) or Perma-Bear (ZH) shills proclaim to have.

I hope that I'm not the only one who learned what a healthy and balance portfolio would/should have looked like in 2013, and perhaps should look like in 2014:  A custom-mix of Global Stocks, Global Bonds, Cash, Productive Real Assets, Bullion and BTC.  ALL else brings the competence and integrity of your CFP into question.

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