Bank Of America: "Gold Squeeze Gets Explosive Above 1270"

Tyler Durden's picture

Just out from Bank of America's head technician MacNeill Curry:

Gold gets explosive above 1270. Watch out.


With the US $ coming under pressure, the potential further gold gains is high and rising. 1270 IS KEY. A break of the 1270 pivot should be the catalyst for short squeeze higher, exposing the confluence of resistance between 1362/1399

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Thomas's picture

Agree, but those trend lines are silly--a massive extrapolation from the early part of the slope across a chasm. You could give third graders rulers, a little guidance, and get analyst trendlines that are publishable.

With that said, somewhere this really does get exciting.

RaceToTheBottom's picture


"You could give third graders rulers"

That is why the FED could be using that.

flacon's picture

Is it true that the only reason why the PAPER PRICE of gold would go UP is because people place TRUST in the FUTURES markets? What happens when the trust of the paper markets is destroyed? Gold "price" (paper gold) to zero probably - as it should. There is a fine line between ZERO and INFINITY. 

WarriorClass's picture

With the death of the petrodollar, gold and silver will be king in America.

BaBaBouy's picture

GOLD Will Get "Explosive" Above $10,000... WATCH!

1000 splendid suns's picture

Still performing techinical chart analysis for a completely manipulated market.

Waste. Of. Time.

Herd Redirection Committee's picture

CAD price of gold has increased by $100 in the last month... So Canadian readers of ZH say, "Thank you"

Thomas's picture

Backwardation! (Calling Strunk & White: Could we get a ruling on whether that term was invented by linguistic retards?)

OceanX's picture

As a matter of fact, my buddy has a PHd. in Linguistics, I will forward your query to him and let you know what he thinks, lol...

maskone909's picture



i think if the paper prices were not settled in FRN's, it would go to zero.  but the paper junkies ultimately will settle for cash and be content.  imho

unrulian's picture

So if 1% is a surge then and explosion must be what...3%?

flacon's picture

Yeah, and a market PLUNGE is defined as anything more than 0.30%. LOL! Gotta love laughing at those bulls. 

Mad Mohel's picture

It's all fun and reindeer games till people start jumping out of windows.

LawsofPhysics's picture

Yes, I agree.  Perhaps the right question to ask is why would a primary dealer want us to start taking a long position in paper gold?  Why now, especially with the yield curve flattening?

Ghordius's picture

good question, and I agree with you both. BoA? the same BoA that predicted the end of the EUR several times? I'd hazard to say that they don't really understand foreign currencies, and for all practical purposes gold is a foreign currency - regardless of the comex

edit: TH (Tyler Himself) answers below the question why we should listen to BoA: "Because idiots who manage trillions do"

The.Harmless.Who's picture


$1,362 - $1,399?  


Hmm, thank you B of A but I'm aiming a LOT higher than that.  






BadDog's picture

Me too. Bankers analysis of gold kind of like reading a cook book by Hannibal Lector.

LongBalls's picture

When the global regulators are acting as if they are coming down on the banksters fraudulent gold trade it's because the bankers want them too. Regulators put "confidence" into the system and bankers get "cover". Gold is going to start the assention. Take head. It will not be over night untill it is........

NOTW777's picture

$1267 good enough for me

European American's picture

$2000 good enough for me, for starters.

MarsInScorpio's picture

Pivot , pivot, pivot, pivot . . . will that trite word go away when our basketball wannabe president goes away?


The idiot author of this report doesn't even know what a pivot is - he uses it when he means the word level.


Financial nerd desperate to sound cool . . . makes a fool of himself instead.


Are you really going to listen to this jerk educated beyond his intelligence with your financial future?


Murf_DaSurf's picture




He meant a "Paper Gold" Squeez, folks

tradebot's picture

Been to two Rodeos and a goat ropin...I never seen me any of that Paper gold...

Quinvarius's picture

The physical squeeze has been ongoing for over a year already.

fuu's picture

My order at $0 is never going to fill at this rate.

Murf_DaSurf's picture



Keep the faith brother!

youngman's picture

We are losing our early gains of today already....Time will tell..but this seems not to have the legs required

tradebot's picture

Well you can bet there those that are shooting at this fledgeling wth every caliber they have.

superflex's picture

Have failth padawan.

There's only so much ammo they can throw at these spikes.

Bosch's picture

Eff the paper market bullshit but we know it is undervalued compared to real physical demand so does one buy the rigged IAU knowing it is truly undervalued or pass because it is rigged as hell and who knows when or if reality will hit? 

firstdivision's picture

The other explosive is the amount of manufacturing in the US....and by explosive, I mean implosive

mclant004's picture

Even though gold will break through this level and much higher, Why would we listen to anyone from BoA. 

Tyler Durden's picture

Because idiots who manage trillions do

tallen's picture

I worked on the buy side last summer, just about everyone there was convinced gold was in a bubble. Signs like gold ATMs in Dubai.  (One of the biggest AMs in the world). Once they start coming round and realising it's not in a bubble and forced to jump on the momo, it'll pick up.

becky quick and her beautiful mouth's picture

6 months away, just like always.

fonzannoon's picture

YAY bank of America! You rule! (jumping up and down and clapping hands as my helmet falls off and I spill my bowl of rice pudding)

Confundido's picture

BIS overnight intervention in 3,2,1! 

GrinandBearit's picture

Blah, blah, blah.  USD is dying.  The economy is train wreck in progress headed for the tressel bridge that is no longer there.  

Gold and silver is not a short term trade or a get rich quick scheme like bitcoin or paper investements.  Never trade it for a Tesla or some Chinese plastic garbage product that Amazon or Overstock sells... never.

Buy and hold and hold and hold, etc...

vulcanraven's picture

From my cold, dead hands, and all that.

Kaiser Sousa's picture

they seriously just cant stand to see Silver above 20...

heres the close in fucking obvious

and i still bought another 400 this morning....fuck off asshole Banker fucks...

GrinandBearit's picture

One day the London "fix" will be totally irrelevant.

That day is coming sooner than later.

RaceToTheBottom's picture

The more I hear banksters like BOFA saying things that were said here months ago, the more nervous I get.

But then I remind myself that this is not a Free Market.

ForWhomTheTollBuilds's picture

Much as I enjoy stories about paper shorting games being overrun by dwindling physical supplies, I try to keep an open mind about the short to medium term possibilities given the near complete opacity of physical markets.

JPM's illegal short corner in gold from 2013 has been replaced by an equally illegal long corner in 2014.  And suddenly the big banks are publicly disccussing the possiblity of "an explosive rise" in price.  Something like that would certainly help shake some of that eligible inventory into registered...

BanksterSlayer's picture

And I would like to ask, Does it matter if the gold price is $1270 or $12700 if its market is still being manipulated? Has there ever been a time in the history of mankind when the precious metals were traded in a true free market?


Jesse's Cafe says: 


Quite to the point, I think much of what we are seeing now is the 'negotiation stage' of this process [the one-world basket of currencies re-set].  It is not so much a question of outcome, but rather, of price.  What is to be included and at what valuation to the various world currencies.  I would be stunned if there was a return to an actual gold standard.  I would prefer to see the price of gold float freely without an official government valuation or the thinly disguised monkey shines of the Comex.  But such antics seem to be de rigueur in most financial markets as we have recently learned.

ForWhomTheTollBuilds's picture

I think Jesse is one one of the best out there.  His ability to accurately convey his (very evolved) understanding of what is happening to the world of money without resort to hyperbole makes him unique.



Ghordius's picture

yes, but his understanding of the EUR needs some improvements. and since I'm talking about the EUR, FOFOA explained several times - before the EUR was a Gosh!-Theme that this:

"I would prefer to see the price of gold float freely without an official government valuation or the thinly disguised monkey shines of the Comex." is exactly one of the pillars of the EUR setup: a fiat currency CB that holds gold without chaining it or damning it, just as a valuable asset