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Gold Monkey-Hammered As Stocks Spike
Well that escalated quickly... As Europe closes, the precious metals complex is slaughtered on the altar of higher stocks and lower bond prices...
We can only imagin the fiduciary that would wait til the last mnute to bulk sell as much nominal paper gold and silver as this...
And for a sense of the volume...
Perhap best summed up thus:
I don't always sell Gold, but when I do I do it at the market in 1 second
— Eddie Morra_ZH (@convert_trader) January 14, 2014
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Completely and totally SHOCKED!!! SHOCKED I TELL YOU!!
It'll come back up this time.
Live Gold Chart: http://www.pmbull.com/gold-price/
Live Silver Chart: http://www.pmbull.com/silver-price/
OK, I stated that as fact. I admit it. I'm merely hoping is all.
Who still thinks we hit new lows?
They are pricing the gold and silver in USD. I teach mathematics, or at least I try to do it. When you divide by nonsense, you shouldn't be surprised by what happens. All I can say is they keep letting me trade silly little pieces of paper for gold, silver, and guns and ammo. I keep taking that deal.
(Of course my contract is written such that I get paid in silly pieces of paper, so I'm a fool also. It's important to realize the idiocy in which you participate.)
It's MORNING In NYC !!!!!!!!! GOLD Manipulation TIME!.!.!.!.!
Even if you did have contracts with people to be paid in silver, if/when the price of silver doubles, you won't see many people eager to honor those contracts. Hence, Gresham's Law. While fiat is accepted, use it! All of it!
1250 is the cap until something material changes.
<-- Charoze/Basel
<-- K-Hen/NY
Thinking of naming our band Monkey Hammer And The Beat Downs. What do you think?
How about The Benni Bernanke Experience.
"Heeey Ben! Whatcha doin´ with that paper gold in your hand?"
"I´m goin down to slam the gold price, you know it´s messín around with my financial plan!"
"Heeey Ben! I heard you slammed that gold price down! Slammed it down to the ground!"
"Yes I did I slammed it! You know that price got people talkin´round talkin´round town!"
"Heeey Ben..the physical is gone! What you gonna do now?"
"Heey Ben...where you gonna run to now?"
January 16th always has lots of options. Always big changes rught after than.... Funny how that is....
Okay, now class divide by paper. Huh? funny concept.
Who coulda possibly junked you, Hoof?
since when is a $12 drop...'monkey hammered'? I remember back in the ole days (April of 2013) when we gave gold a good beating...try 200 points...now that's 'hammered'.
Meanwhile physical continues to move, apparently West to East....so they say.
Those who love paper can have all they want. Those who need metal must labor.
I guess the deer is now playing in the field again today...frolicking and playing amongst his peers.
Crash the price, take out all the stops and encourage some muppets to short. Buy back gradually. Profit.
Wash, Rinse, Repeat.
Will be green by the end of the day.
The gold price can't go low enough as far as I'm concerned. I have let's say a couple or more tens of thousands burning a hole in my pocket. With that fiat who would think I'd prefer say 35 ounces instead of 30 ounces. If you are wishing for higher gold prices you are a trader, not a stacker and fully deserve the anguish you feel. Want to crucify the bankers, the oligarchs, the politicians - take your money out of the system, don't use debt and enjoy watching these jackals turn on themselves.
Looks like it's going to make up everything it lost yesterday. So much for the start of the big decline. Until "Old Yellen" stops the printing, It's all Bullshit!!!!
Emphasizing that taking out $1250 and holding above is key.
2012 and 2013
gold down big ZH wrong
stocks up big ZH wrong
Bitcoin ZH wrong
Housing ZH wrong
ZH is sounding like phoenix capital
TIMING IS EVERYTHING ZERO HEDGE !!!!!!!
OTHERWISE YOU HEDGE !!!!!!!!!
those who zero hedged in last two years have been ass raped.
ZH is a good news source.....thats it.
Markets are about predicting human behavior...........not prone to traditional analysis.
Being early is only being wrong when you use leverage or options, IMO.
the market is fraud, from top to bottom. only the totally ignorant and willfully blind still believe that the system is based on a free market. And unless you know what the market controllers are going to do, there is no way to know which direction "the market" is heading. If you are OK with fraud perpetrated by satanic overlords, by all means, take pleasure in the S7P performance. But, be honest with yourself... its not real.
I am pretty sure ZH could cause a stock market crash just by capitulating and pretending to be uber bulls for a couple days.
Yes it is real. Our whole economic and political system is a fraud perpetrated by satanic overlords. But how many of us on here actually are off the grid and self sufficient? Anyway, If I take my paper gains and use it to buy something tangible and real, that is real. This market has been and continues to be a gift to anyone who wishes to do so. As far as knowing what the market controllers are going to do....I guess they could pull the plug voluntarily and attempt to live in the anarchy that follows...or they can do everything in their power to extend and pretend until either 5 mins from now or until long after we are dead. Since I don't know the answer I continue to go with them and use any gains to fund purchases of tangible goods. That is real.
this is a time of transition, and they know it. they will kill the dollar when they think the time is right, and move to a supernational digital fiat. they must do so to move things to the next level of control, and it won't be pretty.
i don't disagree that you can make money off the system, but if we human beings have any hope of throwing off the sickness that is running the show for now, we must be willing to take some risks, take some pain, and turn our backs on their game. they will starve without our cooperation, or at the very least, will be forced to reveal themselves for they truly are.
"Yes it is real." - fonzannon
Interesting perspective. This "market" is about as "real" as Lance Armstrong "really" winning the Tour de France 7 times... at least until the USADA declared that he didn't win and the UCI agreed. However, Lance still has the 7 yellow jerseys from "winning" those races...
http://www.inquisitr.com/395063/defiant-lance-armstrong-tweets-photo-wit...
I'm not a doper
Nobody here said you were. The point of my example was that those particular bicycle races were not "fair" events. I believe the current "market" does not represent "fair" and "open" price discovery. If you believe otherwise, feel free to make an argument.
Has anybody seen EKM of late?
He was often in the `5 minutes from now` camp.
Happy new year anyway EKM if you are lurking.
John Law bad example with Lance. If I made 10k in SPY last year and used it to buy 6 Gold eagles, do I have to give them back if the market crashes?
"John Law bad example with Lance." - fonzannoon
I was not comparing the fate of Lance Armstrong to your fate. I was not comparing Lance to you. I was only comparing the "market" to the specific races Lance "won". The races were rigged (in the favor of those who doped). Many believe the "market" is rigged today. Profit what you may from this, but I suspect you do believe the "market" is currently rigged. That was my only point, fonzannoon. I think the example I made is an appropriate one.
" Our whole economic and political system is a fraud perpetrated by satanic overlords."
hell yeah the markets are rigged. But what you do with it is real.
Profit what you may. Best of luck to you.
same to you man
Yea, I got burned hard on that last house of lies, won't do that again.
No derek, gold was up in 2012. Still up strongly last 13 years. In fact, it has outperformed every currency on Earth during that time.
http://goldsilver.com/article/race-to-debase-fiat-currency-vs-gold-fiat-...
Apology up front to gold bugs..... if you consider Bitcoin a currency, then in that time frame, it seriously outperformed gold.
1stly I would hope you read this as a news site, not for 'investment advice'.
2ndly, Michael Burry was wrong for 2 years. $200m wrong in fact. How'd that work out for him?
What do you mean when saying ZH was "wrong"? Did any of the Tyler(s) declare on ZH what direction gold and stocks and Bitcoin and housing would move in 2012 and 2013 and then advise its participants to invest accordingly?
"ZH is a good news source.....thats it." - derek_vineyard
When did ZH claim to be something other than a news source?
Right. ZH has posted numerous observations that the market is not a market, certainly. They never said it will crash tomorrow.
In fact, ZH has posted numerous POMO schedules, with the admonition that shorting on those days might be bad for your financial future.
Given that, their observations have been quite prescient in their limited "advice" about the markets.
I get your point derek, when I first came here (reading) I
was reasonably wealthy but within less than 5 years of intensive doom porn consumption I am almost destitute...
But my zero hedged position to start with was to be fighting on a lost post anyway, as in gold standard and monarchy.
Gold price supression is defending the Government monopoly on money, it is done in the name of National Security,,
http://www.youtube.com/watch?v=fXqc-yyoVKg
Well, how come I don't feel anymore secure, then?
By "national" they mean corporations, bankers and MIC.
Whoops! there goes my S&P500 short profits; it bleeds, but it doesn't die! Urrggh.
Yah, couldn't see this coming.
The big test for them will be if it holds.
So the Bankers steal another 10 dollars per oz from everyone and NOTHING happens from the Goldcoin stackers , but maybe its a good time to buy some more after all the more oz you have the more they can steal.
again - spike on the downside, not the upside, seems there is some kind of a system here
Can we "monkey hammer" this back under $500 an ounce? Thanks, LoP.
Sure but you can't have any at that price.
In a sane world insurance companies would not be allowed to waste premiums on advertising.
And there would be no GLD or robot intangible trading of tangibles.
Index finger on lip, hum: "beeble-booble-beoble-beeble"
PPT must not close equities red again. the "news" is talking about it.
It's pretty clear $1,250 is the trigger point.
Can't wait for the day these bastards have their balance sheets burned to a crisp so thay can do this no longer. And "these bastards" definitely includes the Federal Reserve.
As we've seen from the morgue's earnings report the balance sheet doesn't mean crap. None of this will change until the fed blows itslf up.
Yet somehow many on here just expect it to change because....?
Yesterday I called this out. You would have as well. It is just so blatant now. But the good news is it has become almost easy to make FRN's off of this nonsense.
That's the way I see it. If the Bernank, and now old Yeller are going to make it this easy we should take advantadge of it. It's obvious that they can't have more than a 2% sell off in equities for fear of "investors" jumping ship.
If its any consolation to anyone, they live in terror of their carefully crafted ship of cardboard going down under the next wave. I'm expecting a raucous summer. People really hate working for less and less.
Yeah, this is why my posting volume is down. Since the bitcoin takedown it's become apparent to me that everything is manipulated, and nothing is too small to be overlooked.
Nothing will really change until the big one hits, though we'll see tremors here and these (like stocks this past week.) Shame that the time we'll get to enjoy the bank's faces getting ripped off by the return to reality will be cut so short as we then will have deal with the insane government response to it, when the time comes.
exactly...this is why all our posting is down and we complain about the content on here now. This is like some weird purgatory where we sit and wait until whatever happens next, assuming something happens next....
Everything is always manipulated if it moves against what you want to happen. If gold were much higher today then you'd be saying "Oh yeah... we told you so...now it's heading back to where it should be" but if it drops 20 bucks its manipulated. Everything in life, including investing, marriage, raising kids, your career, your faith, pretty much everything is all dependant on your perspective and how well you adapt to change. If you always look at life as though people are out to "get you" then you're gonna live a pretty miserable life. I watch those prepper shows sometimes and wonder wtf are they doing? Is this real? Some prepping is useful but when u go to extremes it's ridiculous. But so is society. There are some people still living in under ground shelters im sure from the cold war and from 9/11 stuff. And their are people hoarding gold in a cave thinking that one day they can buy 500 acres of land and 10 houses with all this "wealth" they now have. C-R-A-Z-Y. Bitcoin? I mean, 60-70% or maybe higher of all of bitcoins value is held by like 30 or 40 people. The more they stir the pot the wealthier they get. It's all relative. Yeah, one day you might be right. The economy may collapse into darkness and you are 60 years old and have all this gold. But if the US looks like Camden, NJ from coast to coast what will it matter? I mean, Im all about making a buck and preserving my future but not at the cost of complete lunacy and pig headed theories of government manipulation and back room organized societal collapses for the 99% while the 1% get rich and rule the world. Doesnt work like that. But maybe on this blog it does... Oh well. I'll stick to my thesis of we go higher until we dont and if the past is any indication of the future we have a ways to go before this bull gets tired.
Naw Fonz! The only people on ZH who expect things to change out of a sense of justice and reason are new posters. You're right though, its all so blatant now to the point of being audacious. Our controlled economy is playing its own knock-out game. Don't blink.
Silver was breaking out of two month trading range.
Can not have that!
Sorry, not going to work. When will they ever give up. So sad.
Patience all. Just go do something else. I just laugh at these useless idiots.
"If I had a Hammer, I'd hammer in the morning!"
This shit just puts me in a bad mood!
Be of good cheer.
Buy silver -- if you already have enough stored food and water.
This is what the death of a paradigm looks like.
Have huge piece of wealth (lack thereof)in Silver already, thanks. Will we live long enough for the the paradigm shift you're referring to??? Please don't tell me you know the answer. You're hoping too! Thanks for cheering me up my friend.
Sell Gold till 1088 USD
And then what? Thanks for such an astute methodology.
>Not cost averaging into gold at these prices.
The dollar cost average technique is all the hedge you need. It establishes and builds a position and guarantees that you don't go all in at a peak (or a bottom to be fair). This means you cancel out the noise and instead get to ride the fundamentals for the long run.
You don't put yourself in a position where you have to sell if you can avoid it, and you certainly GOLD COST AVERAGE your way out when you see the fundamentals start to change.
Once you are into gold, you said goodbye to numbers and dollars and riches and handed over your stash back to mother earth as in boating accidents, at least mentally so.
No messiahs. No reset . Sorry, not going to happen.
You set yourself up with the money of kings and
its up to you to justify new gods to rule after.
Why wait, I'll buy as much as you have at 1088 FRN right now.
haha. I agree but look at what your stance on selling gets you? -14 rating. LOL. On this board if you aren't for gold to 5,000/ounce then you're a government loving pig. Gold will probably return to 800 or 850 but don't tell anyone here that because apparently you won't get physical delivery at that price. Well, at 1180 you could and at 1250 you can and at 1380 you could....why not at 850? Because there's not enough to go around? Government sold off its supply decades ago? Whatever.
Sell Gold till 1088 USD
Speaking of Monkey hammering...
From Burt;s weather extremes blog at WU
http://www.wunderground.com/blog/weatherhistorian/show.html
peak weather?
Indication of weather manipulation?
Define manipulation...
How about the unintended consquences of dumping ~600 billions tons of C02 in the atmosphere....
Somebody needs a tampon
Somebody needs to work on their wit...
Seriously, 3/4 of the asshats that can't deal with implications of AGW (threrefore it *must* be a conspiracy) are reduced misogynist or homophobic insults...
Pretty fucking lame if you ask me...
Don't look for fish amongst the treetops.
Since the Chinese bought JPMs HQ at a discount and it contains the largest private vault in the world and it is connected to the FED, does that mean the Chinese own the FED?
They seemed to own Congress during the debt ceiling talks. May as well own the fed too.
Yesterday .6%. Today .66% - now we're talking serious monkey hammering. Sheesh!
uh-oh, I think someone pissed off Melon Yellin, she's got her dick out now.
All this is normal, the gap-toothed PM charts bumble up, then swan dive back whenever things get hinky for the banksters.
wtf - my metal is not for sale, when it is, I'll give a shit... until then, the long S&P, short gold trade which may have been alluring to some looks like it could get amusingly painful.
Sheesh I can't even paper trade this market anymore and come out ahead.
Walk softly and carry a large Monkey Hammer. These "operations" are ridiculous, for fuks sake. I would think that even some of "the Deciders" might be getting curious as to what "the Market" would do without them.
As expected, absolutely zero follow-through to yesterday's "massive" equity sell-off.
This, folks, is my "shocked" face.
The half life of rigging events is speeding up its almost daily now, next hourly???
The PM markets arenothing short of Benny Hill farcicle http://www.youtube.com/watch?v=aMtcFgfkmpM
-$12 bucks is not "monkey hammered"
lol
It is when it happens in a few hundred milliseconds!
So, let them play their silly little games. These events have much less price supression effect than they used to. Pretty soon, they will be insignificant.
Last 2 slams have happened just as gold/silver were ready to break higher. getting pretty obvious/desperate.
Here is obvious....I don't know about desperate....
http://finance.yahoo.com/q/bc?t=1y&s=SPY&l=on&z=l&q=l&c=gld&ql=1
Try clicking the MAX button on that chart...
Yawn. Daily noise is all. If this kitchen is too hot for you, you gotta get out
Nearly everything TPTB put out as data is a lie. Why should we believe that the COMEX contains the PMs they say it does? Why should we believe that QE is really what they say it is. We're adrift in an ocean of lies. Question everything they say.
You would think the treasury department would want to keep a few tons around, for old time's sake, but they are crating up the last scraps for their bosses over in Peking. (That's right, I called it Peking, you bet I did)
So how does this work exactly. The bankers get together for the daily PM price fix and decide it has to come down $15. Then someone calls up Joe Algo and orders a keystroke?
I guess its the wicked way to send a message to markets
Stocks going up is inflationary. Gold going down is...
Wait...
all the small fish think this battle royale in PM prices is directed at the small pm stackers, its not. this is clash of the titans between soverign nations trying to suck up mining supply on the cheap.
remember your a small fish and the big entities dont care about the scraps n bits that you are accumulating.
They cared about them in 1934.
"Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $372.75 today[3]) per troy ounce. Under the Trading With the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000
(equivalent to $180,334 today[3]) (HONK HONK)
or up to ten years in prison, or both.
So is 372.75 where they stop?
Incidentally the FED has it in their incorporation papers that they are "allowed" to do what ever they deem necessary to protect the dollar, this includes selling/buying PMs.
I can't find the link but that is how I remember it.
Maybe, in their feverish wet dreams. Out here, I don't think so.
Agreed, there was a mentally retarded person who posted on other boards that was always quoting 456 as the bottom for Gold. I accused him or just rolling his fingers from left to right....
They cared about them in 1934 because everybody, rich and poor, had some gold. How many people in the modern digital America, rich or poor, own any physical gold other than jewelries?
I wonder why the gold desk trader was so late today... out celebrating last night???
wow, i knew it was rigged and all, but less than 24 hours wiping out all the losses from the previous day.
arrests must be made asap
I'm giving her all she's got captain.
I feel sorry for the Monkeys
Access market smackdown tonight? Interesting possibility.
with managed money now on the long side in Au/Ag COT, it can scarcely be imagined that JPM et al. are going to continually undermine their own positions. in the metals we are witnessing a slow grind back up in a noticeable stair step pattern. meanwhile the criminals cover and book profit from their diminishing shorts with these increasingly weak raids. there will be no more elevator down drops. believe it or not there are certain fundamentals which the cartel itself cannot ignore any longer and the stair steps back up seems from my limited perspective the template for a methodical and fundamental revaluation and reset in the metals. meanwhile it's estimated that more than $1,000,000,000,000 was made over the past year by the bullion banks with naked shorts. where do you think all those profits are going. and why do you think the Chinese are now the proud owners of the Chase vaults at One Chase Manhattan NYC for the ludicrously low amount of $725 M. http://therealdeal.com/blog/2013/10/18/jpmorgan-sells-1-chase-manhattan-... this is just the beginning of collateral repossession by the Chicoms all across the US. probably negotiated by Hillary Clinton in her last visit. look at Detroit, upstate NY, and numerous other "Chinese enterprise zones" across the US. the good news is you will probably get true price discovery in Au/Ag. the bad news is it will take place under Chicom overlords. and, no, this isn't 1980 and Japan all over again. we're screwed.
Astute observations, Y. I agree and wonder what it will take for the US to wake up........I guess as long as the big boys get their cut no one will complain. Pretty fucking horrific scenario.
It really looks like these knock downs are getting weaker and weaker over time....as though whoever is just about done accumulating and is now going to send prices the other way. On an unrelated note, interesting that JP Morgan is said to be hiring the kids of Chinese leaders - wonder what that is all about........
actually Jim Willie goes so far as to suggest that the Chicoms now own and operate the FED. sounds crazy. but the handwriting is on the wall. and it's Mandarin.
lets see if it recovers in the next day or two to original levels, if so, thats three slam downs in a short period of time that failed to take gold any lower. That would be the first time thats happened.
OK, it's clear to all....AU capped below 1,250, AG below 20...the new normai - until it isn't.
So, plan accordingly - get them while they're still available.