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Gold Spikes To Highest Since November

Tyler Durden's picture




 

Following yesterday's early morning surge when gold jumped $30 from the low $1230, on news that India may relax its gold capital controls, today's sharp spike follow through is more a function of ongoing emerging market currency devaluation and overall risk-offness hitting equities around the globe. And with Bitcoin going nowhere even as both Turkey and Argentina continue to turmoil, it means there is only one good old faithful fiat-alternative - the barbarous relic. Sure enough, at last check, gold was trading north of $1270, back to levels last seen in November, and one sovereign default away from soaring a few hundred fiat equivalents higher. And since all hopes now rest on more BOJ easing (or else watch out below), and more of the same pent up inflation, we may have seen recent lows in gold for quite some time, especially with Gartman once again openly "hating" gold.

Intraday:

2-day move:

 

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Fri, 01/24/2014 - 08:19 | 4362077 Xibalba
Xibalba's picture

Where's Deutsche when you need them?? 

Fri, 01/24/2014 - 08:30 | 4362111 Space Animatoltipap
Space Animatoltipap's picture

Preparing for monetary war time ...

Fri, 01/24/2014 - 08:37 | 4362117 Headbanger
Headbanger's picture

Preparing for REAL war time!

Because Obama...   Has lost all respect in the world and thus the world is going right back to where it was before WW II.

 

Fri, 01/24/2014 - 08:43 | 4362138 Sudden Debt
Sudden Debt's picture

at least some American woman are already back to the stoneage...

http://youtu.be/tuqPL6X-aCc

scary shit...

Fri, 01/24/2014 - 08:47 | 4362152 BigJim
BigJim's picture

I like a woman with a big mouth nowhahimsayin?

Fri, 01/24/2014 - 08:52 | 4362166 Headbanger
Headbanger's picture

Damn!  Where can I git a woman like that!?  Can she shoot too!? 

Fri, 01/24/2014 - 09:15 | 4362209 Stuart
Stuart's picture

Gartman chases....  usually sell into Gartman. 

Fri, 01/24/2014 - 12:07 | 4362798 fonestar
fonestar's picture

With BTC under $800 you may want to consider selling some Gold 1.0 for BTC and silver.

Fri, 01/24/2014 - 12:19 | 4362861 quasimodo
quasimodo's picture

Great idea! Sell something I can hold in my hand, that will never go to 0, has been around for all ages, and trade it for something I can.....hmm...what was that again?

#FAIL

Fri, 01/24/2014 - 12:34 | 4362952 jomama
jomama's picture

less trolling and moar rocket riding.  kthxbai

Fri, 01/24/2014 - 13:13 | 4363181 geminiRX
geminiRX's picture

The internet kill switch doesn't register in your mind does it?

Fri, 01/24/2014 - 13:23 | 4363215 fonestar
fonestar's picture

Which kill switch would that be?  The one that tears down all BGP routes around the globe whenever NSA wants to flick it?  

Stick to your comic books guys.

Fri, 01/24/2014 - 16:10 | 4363952 Drachma
Drachma's picture

You have too much faith in BGP routes. IMO they are as vulnerable to the NSA as any existing network connected to the internet.

Fri, 01/24/2014 - 13:58 | 4363351 angel_of_joy
angel_of_joy's picture

You are a total waste of time.

IGNORE...

Fri, 01/24/2014 - 09:41 | 4362279 Silveramada
Silveramada's picture

just the beginning, first stop 1300...(minor resistance at 1275 maybe)

http://zysites.com/silververitas/

Fri, 01/24/2014 - 08:33 | 4362114 SoilMyselfRotten
SoilMyselfRotten's picture

Thought for sure they'd use yesterdays big gain as cover for a 'correction' smash......still waiting

Fri, 01/24/2014 - 08:22 | 4362083 GOSPLAN HERO
GOSPLAN HERO's picture

Ole Yeller is going to print funny money faster than four (foar) motherfuckers.

Fri, 01/24/2014 - 08:20 | 4362084 ParkAveFlasher
ParkAveFlasher's picture

Watching the miners today!

Fri, 01/24/2014 - 08:45 | 4362140 Sudden Debt
Sudden Debt's picture

yep, loaded up on GDX and GDXJ yesterday :)

 

I

LOVE

IT!!!!

Fri, 01/24/2014 - 10:08 | 4362376 eclectic syncretist
eclectic syncretist's picture

They will be much higher by the end of the year.  A lot of people who currently view gold as an inflation hedge will, over the course of this next fiat financial crisis, come to realize that physical gold in the hand is the ultimate safe haven asset.

Fri, 01/24/2014 - 08:24 | 4362089 fockewulf190
fockewulf190's picture

Expect future raids until the last bar is gone.  Don´t be shell shocked about a rising fiat price, just get your hands on as many ounces of phyzz as you can.  Keep stacking!

Fri, 01/24/2014 - 09:28 | 4362239 Sudden Debt
Sudden Debt's picture

to bad tungsten corp isn't profiting from the rise in gold...

http://finance.yahoo.com/q;_ylt=Ap1ylhttv_Dn1X4mkpeJ_6qiuYdG;_ylu=X3oDMT...

 

Fri, 01/24/2014 - 08:24 | 4362094 greatbeard
greatbeard's picture

Give me a spike to $2K, I've got some land to buy.

 

 

Fri, 01/24/2014 - 08:26 | 4362103 therover
therover's picture

I have that same idea !

Fri, 01/24/2014 - 08:34 | 4362118 Ranger4564
Ranger4564's picture

Me too. Except right now, I'm hoping it dips to $1200 / $19 at end of month closing of Comex futures contracts, so I can buy more.

Fri, 01/24/2014 - 08:46 | 4362146 Sudden Debt
Sudden Debt's picture

10 acres of prime Nevada desert land for 100$!

Fri, 01/24/2014 - 09:24 | 4362230 greatbeard
greatbeard's picture

>> Nevada desert land

I'm kind of partial to places with abundant, quality water.  North Florida kicks ass in most respects.  I need something in West Central Florida.

Fri, 01/24/2014 - 09:50 | 4362305 SilverDOG
SilverDOG's picture

Such will be ocean front, shortly.

Go to Miami Beach @ high tide.

I really mean just drive through high tide, cuz you can.

Fri, 01/24/2014 - 10:12 | 4362396 Chief KnocAHoma
Chief KnocAHoma's picture

How about 99 acres - Worth County GA - pond - timber - 20 acres could be used for a very nice garden - $2,000 per acre.

Fri, 01/24/2014 - 10:31 | 4362457 greatbeard
greatbeard's picture

>> Worth County GA

I like GA and consider it on more than one occaision.  I go there often to buy tractor and such.  Heck, even their income tax does't bother me because I've got no income.  But I need to be close to the Tampa Bay area for medical reason.  And south of the bay is better than north so I don't have to deal with the commute through Tampa.  God, I don't know how anyone can live in that kind of shit hole.  I mean the traffic, not the place or the people.

Fri, 01/24/2014 - 10:30 | 4362462 Proofreder
Proofreder's picture

So, 100 oz Au = your 99 acres; the only question is When ...

Fri, 01/24/2014 - 10:35 | 4362480 Chief KnocAHoma
Chief KnocAHoma's picture

And I will accept gold, or silver... also trying to pick a good neighbor. 

Fri, 01/24/2014 - 08:25 | 4362095 mt paul
mt paul's picture

would be enjoyable

to see a 100 $ up day..

Fri, 01/24/2014 - 09:12 | 4362204 Sudden Debt
Sudden Debt's picture

don't jinkx it man :)

Fri, 01/24/2014 - 12:22 | 4362876 quasimodo
quasimodo's picture

Too late! lol

Not like we didn't expect it. With these up days I am always reminded of the anticipation of getting some nookie from the Mrs. Those days, you know, when you just know you are going to get some action. Then, by the time the kids are in bed or the chance to get some happens.....it's the same old thing. 

Fri, 01/24/2014 - 09:50 | 4362308 Sudden Debt
Sudden Debt's picture

it's going down again... :(

Fri, 01/24/2014 - 09:57 | 4362333 Sudden Debt
Sudden Debt's picture

I KILL YOU!!!!

Fri, 01/24/2014 - 10:07 | 4362368 Sudden Debt
Sudden Debt's picture

okay it's up again... sorry for that... had a bad sleep last night...

Fri, 01/24/2014 - 08:24 | 4362097 TeamDepends
TeamDepends's picture

Prettiest charts of this admittedly young year.  Perhaps we'll hit $1300 today, booyeah!

Fri, 01/24/2014 - 08:25 | 4362099 Mr.Sono
Mr.Sono's picture

that looks like a gold hard on with possible premature ejaculation to fallow.

 

we need 800 dollar gold please.

Fri, 01/24/2014 - 10:13 | 4362392 Chump
Chump's picture

And of course this gets junked because the stackers want to see a meaningless rise in fiat price, while they're "still stacking"TM.  I know I like paying more for things I want to buy.  When I'm checking out at Wal-Mart I ask them to pad my bill by like...pffffft...10% sometimes.  Makes me feel good, like the stuff I just bought is even more valuable now.

Yes, $800 gold please.  I would finally be able to get a little and give my meager silver savings a friend to play with.

Fri, 01/24/2014 - 13:58 | 4363349 Panafrican Funk...
Panafrican Funktron Robot's picture

Yeah, initially I was thinking the USD price of gold would go below $1K before it blew up, but after tracking the redemption requests so far this month (up to 74K oz in new delivery requests, after taking a very strange 14 day hiatus), with only 370K left in the Comex registered to cover, they're going to have to pump the shit out of the price of gold if they want to get the eligible stacks moving to registered.

Then again, most of us here are mighty suspicious of the "physicalness" of that supposed approx 7 mln oz in eligible.  

Fri, 01/24/2014 - 08:25 | 4362101 enloe creek
enloe creek's picture

not short covering? of course it is duh

Fri, 01/24/2014 - 08:26 | 4362104 NOTW777
NOTW777's picture

NUGT nice pre market

Fri, 01/24/2014 - 08:30 | 4362107 No Soup For You
No Soup For You's picture

And not one article on Yahoo Finance or cnbc.com about gold, what a surprise

Fri, 01/24/2014 - 09:45 | 4362276 philosophers bone
philosophers bone's picture

Yes there was at about 6:00 CNBC or Blumberg satellite radio reporting as a top headline "Gold is falling".  I kept listening.  It was down $2.

Fri, 01/24/2014 - 08:28 | 4362109 Quinvarius
Quinvarius's picture
St. Louis Adjusted Monetary Base (BASE)

 

2014-01-22: 3,819.202 Billions of Dollars

2014-01-08: 3,665.719

 

The surge is not just for Afghanistan.

 

Fri, 01/24/2014 - 09:53 | 4362320 philosophers bone
philosophers bone's picture

You've highlighted a two week period - so if the Fed is buying at $75 billion a month (starting this month), assuming all purchases are made with newly printed dollars, that would mean there should be a difference of approximately $37.5 billion over that period.  Shit, time for a new calculator - mine seems to be broken.

 

Fri, 01/24/2014 - 14:01 | 4363366 Panafrican Funk...
Panafrican Funktron Robot's picture

Indeed, POMO is the publicized version of the balance sheet expansion.  It's probable there is a lot of backdoor liquidity being made available to certain international banks that are on the verge of a blowout.

Yes, the fecal verbage is intended.

Fri, 01/24/2014 - 08:28 | 4362110 LouisLitt
LouisLitt's picture

Is there any way to get a weekly summary of the articles on ZH?

Fri, 01/24/2014 - 08:48 | 4362155 superflex
superflex's picture

Yea,

Tune in every day and you can make your own weekly summary.

Fri, 01/24/2014 - 08:50 | 4362161 BigJim
BigJim's picture

Gold good, central planning bad, Krugman an idiot.

How's that?

Fri, 01/24/2014 - 14:02 | 4363370 angel_of_joy
angel_of_joy's picture

Perfect eloquence !

Well done, man...

Fri, 01/24/2014 - 08:58 | 4362178 forwardho
forwardho's picture

Look under "archives" The teaser for each article is the summary.

Fri, 01/24/2014 - 09:13 | 4362207 Sudden Debt
Sudden Debt's picture

I THINK ZEROHEDGE NEEDS A PORN AND SPORTS SECTION!

Fri, 01/24/2014 - 09:33 | 4362245 Its_the_economy...
Its_the_economy_stupid's picture

That's our job.

Fri, 01/24/2014 - 09:56 | 4362328 SilverDOG
SilverDOG's picture
  Sudden Debt

 

 

Of course, why not invalidate any ZH legitimacy.

NO F&%$ing way should such even be considered.

Keep it in your VEGASS.

Fri, 01/24/2014 - 08:30 | 4362112 Peter Pan
Peter Pan's picture

It is not the gold price that will determine the movements in the economy. It's the economy that will ultimately determine the movements in the gold price.

To date the strength of the fan in the face of all the shit that has been hitting it is really something else.

My message is not to go through cycles of depression/ecstacy based on the movement of the gold price.

Remain detached from everything because everything is bound to disappoint in the next couple of years.

 

Fri, 01/24/2014 - 08:43 | 4362137 forwardho
forwardho's picture

Do not buy gold to fret about it's daily movements.

Buy gold for the peace of mind one gets from knowing at least some of your wealth cannot in any case be turned to zero.

Fri, 01/24/2014 - 09:18 | 4362220 Four chan
Four chan's picture

well said.

Fri, 01/24/2014 - 08:32 | 4362116 new game
new game's picture

if ya sold out, inflation has got you covered!

Fri, 01/24/2014 - 08:34 | 4362119 Kina
Kina's picture

More intersting...gold spikes as AUD dives....

Fri, 01/24/2014 - 09:15 | 4362211 Sudden Debt
Sudden Debt's picture

that's why they call it downunder

Fri, 01/24/2014 - 10:45 | 4362496 disabledvet
disabledvet's picture

that's a major gold producer. so is Canada. Venezuela obviously has the world's largest energy reserves. Argentina, South Africa, Indonesia...now even Russia itself.

Sure...gold is rallying in dollar terms.

That looks like the dollar is rallying in dollar terms too.

Interest rates are plunging in the USA and I'm supposed to be long commodities?

Must be because Wall Street is 40% off it's all time highs.

Or Microsoft has no clue what it's doing "let alone how to do it profitably."

I would not be surprised to see interest rates on savings surge dramatically here. If suddenly US based Banks find themselves "forced" to pay 5-6% interest rates to depositors then these clowns will see who wears the pants in this town.

Fri, 01/24/2014 - 08:35 | 4362121 Al Capowned
Al Capowned's picture

Seventeen trillion in debt and only one in the vault,

Fractional reserve banking is about to Make the markets turn cold,

-Warren g

Fri, 01/24/2014 - 08:35 | 4362123 Al Capowned
Al Capowned's picture

If you know the markets like I know , you don't wanna partake in this,

It's the Ben Bernanke era and he's messin round with Operation Twist,

If you smoke like Ben smokes and your high on hopium everyday,

All I can say is get your PM's and expect QE to infinitayy, 

I wrote this last year, i love Warren G regulators

Fri, 01/24/2014 - 08:40 | 4362128 kodachrome
kodachrome's picture

Stars are aligning for me. Bought tons of gold miner Canadian venture stocks all last year. With the CDN dropping it will surely boost any mining company revenues. (anyone who does business in CDN but sells product in USD is going to do well)

Sick!

 

 

Fri, 01/24/2014 - 10:48 | 4362513 disabledvet
disabledvet's picture

hey, go for it dude. "Netflix is up 25% in just a couple of days." It's your money...

Fri, 01/24/2014 - 08:42 | 4362133 MK ultra
MK ultra's picture

"GOLD SPIKES THE HIGHEST SINCE NOVEMBER"

 

Until 8:30-9:00 when the daily beatdown occurs.

S'ok. I'm happy either way.

Gold goes up.. my stack is worth moar.

Gold goes down.. I buy moar.

 

Fri, 01/24/2014 - 14:42 | 4363557 MK ultra
MK ultra's picture

gold 1263

silver hammered back to 19.77

did ya think I was lyin?

Fri, 01/24/2014 - 08:46 | 4362149 Yardfarmer
Yardfarmer's picture

with Au breaching the critical 1268/1270 level the expected breakout signified by the long positions added by the managed money on the COT over the past months is confirmed. A friday close above this level would propel this rally even higher. whatever the time frame, the shorts are getting slaughtered. haha. eat it bears. your day is over.

Fri, 01/24/2014 - 09:29 | 4362240 forwardho
forwardho's picture

You can bet your ass that those doing the moving, cleaned up on the hammer down. They will do the same as it rises. If this is sustained,(and we don't know yet) ask; why now.

 

Fri, 01/24/2014 - 08:48 | 4362156 e-recep
e-recep's picture

Gold might have begun its long bull-run.  By "long" I mean passing the US$1,911.60 line and going much much further.

Fri, 01/24/2014 - 09:05 | 4362192 kralizec
kralizec's picture

Once the puppetmasters run out of games and audience.

Fri, 01/24/2014 - 09:07 | 4362196 e-recep
e-recep's picture

Not necessarily. Gold has the potential to climb that hill even without a COMEX default.

Fri, 01/24/2014 - 09:32 | 4362248 semperfi
semperfi's picture

$7000 minimum

Fri, 01/24/2014 - 09:04 | 4362191 youngman
youngman's picture

I thought it was very strange that the Chinese announced the same amount of gold holding they have had for 5 years....when everyone knows they are big buyers...why the sly move????

Fri, 01/24/2014 - 09:17 | 4362216 Ignatius
Ignatius's picture

When the wheels come off they don't want to be standing there with everyone pointing "China did it."

Fri, 01/24/2014 - 09:19 | 4362217 zipit
zipit's picture

How can it be "sly" is "everyone knows" (including the Chinese... i.e., they know everyone knows).

Fri, 01/24/2014 - 10:04 | 4362357 SilverDOG
SilverDOG's picture

except Gartman !

Fri, 01/24/2014 - 10:15 | 4362401 eclectic syncretist
eclectic syncretist's picture

Because they are not interested in higher prices yet.  It's one way for the Chinese government to say they are still interested in accumulating more gold in 2014.  What's the point in admitting vast reserves when it would just create a bidding war and run up the price on themselves.  They want to continue to accumulate as cheaply as possible, and that does create opportunity for us smaller fish.

Fri, 01/24/2014 - 09:11 | 4362198 kenezen
kenezen's picture

I love gold from its legalization in the seventies till now.  However, the past has some lessons to ponder. In the 4th and 5th century when Rome was in decline there were some tales written about Gold. It was so valuable that citizens in this deteriorating environment could not safely or economically carry gold coins for common purchases. One because of safety and secondly value. Gold was so sought after that normal goods like food were far too cheap and change was hard to come by.

Imagine today if the markets and American economy really crashed, the dollar is usless and this government became something other than functioning democracy. Transport of goods came to a halt, crime increased. We take our Gold out of our hiding hole and prepare to survive. Unfortunately if one tries to buy goods like food or clothing the value of gold may be far to high and change is difficult. Plus it is so valuable lives may be at stake. That's what reportedly happened in Rome. Silver became the practical high currency and Copper the common currency. 

I like Silver one ounce and half ounce coins. They may be still low priced in a ratio to gold. I could buy meat and bread plus clothing for an appreciated Silver coin. I could probably buy a house for a one ounce Gold Coin if Rome's history has any meaning today. It does sound logical!     

Fri, 01/24/2014 - 10:15 | 4362403 drendebe10
drendebe10's picture

Very well stated. Concur.

Fri, 01/24/2014 - 10:21 | 4362418 Bohm Squad
Bohm Squad's picture

My two poisons are 90% coins and nickels.  Been waiting for the bank to cut me off of my two nickel boxes every paycheck habit...but so far, they haven't.  

Fri, 01/24/2014 - 10:46 | 4362509 quasimodo
quasimodo's picture

They weren't able to carry a 30 aught six or a Glock, of course the other guy wasn't either.

Fri, 01/24/2014 - 09:13 | 4362206 q99x2
q99x2's picture

Must be the big guns pulling out.

What's up with that old hag Yellen. Doesn't the bitch know how to print or what.

Come on already . Spring semester is about to start. You got to get down there and up my FAFSA lady..

Fri, 01/24/2014 - 09:15 | 4362208 Super Broccoli
Super Broccoli's picture

come on germany, say it now : I WANT MY GOLD NOW, ALL OF IT

Fri, 01/24/2014 - 09:20 | 4362223 youngman
youngman's picture

I would think there are quite a few other countries thinking the same thing....???? Is my gold Safe in London or the USA????  I would say ...NOT

Fri, 01/24/2014 - 09:55 | 4362324 Super Broccoli
Super Broccoli's picture

well even when it's "safe at home" ... it's been lended out to bankrupt banks duh. Your gold has been sold to china for flat screens and tshirts ...

Fri, 01/24/2014 - 09:30 | 4362243 semperfi
semperfi's picture

Gartman, since you hate gold, if you have any, just give it to me - I'll take it off your hands.  I'll even trade you my $100Trillion Zimbab bill for it. ($5 retail at my coin shop)

Fri, 01/24/2014 - 09:32 | 4362246 fijisailor
fijisailor's picture

Gold smuggling into India is so massive that government duty is effectively worthless.

“A duty cut is not going to provide any major relief to jewellers as restrictions have not really reduced the gold appetite of Indians. Import has lowered only on government books. Gold is being smuggled. Hence, a duty cut is not going to serve any purpose. The government must relax the 80:20 rule,” said Daljeet Kohli, head, research, IndiaNivesh Securities. The duty is 10 per cent.

http://www.business-standard.com/article/markets/jewellery-stocks-up-on-talks-of-relaxation-in-gold-import-norms-114012300933_1.html

Fri, 01/24/2014 - 09:40 | 4362274 IridiumRebel
IridiumRebel's picture

https://twitter.com/zerohedge/status/426709177315377153

"Time to sell 3MM ounces of gold at market"

Fri, 01/24/2014 - 09:44 | 4362285 orangegeek
orangegeek's picture

1275 shows resistance for gold.

 

http://bullandbearmash.com/chart/spot-gold-weekly-closes-forecast-expect...

 

Should move higher, but it will be a long and slow process.

Fri, 01/24/2014 - 12:37 | 4362967 jomama
jomama's picture

thanks.  and what are this week's lottery numbers again?

Fri, 01/24/2014 - 09:46 | 4362295 RealityCheque
RealityCheque's picture

SSSHHHHHH! Don't scare it away.....

Fri, 01/24/2014 - 09:53 | 4362312 Super Broccoli
Super Broccoli's picture

back to flat, someone spanked it

Fri, 01/24/2014 - 09:57 | 4362335 Dr. Engali
Dr. Engali's picture

It's all good because I've been openly hating Fartman...the useless turd.

Fri, 01/24/2014 - 10:02 | 4362351 Calculus99
Calculus99's picture

We're far from out of the woods yet fellow Gold bulls.

That BIS joker hasn't gone anywhere. My bet is his gun is loaded ready for the right time  to let off a few pots shots. But we WANT him to play, let's see how the market takes his bullets. Sure, he'll smack it, 3,000 contracts sold at 3am always smacks it. But what happens in the hours and days after the smackdown. This is why we need him to play.

Fri, 01/24/2014 - 10:05 | 4362365 Carl Popper
Carl Popper's picture

I love small portable objects of enduring value as much as anyone. 

 

However play this cycle carefully.  Don't get swept up in euphoria.

 

Ben and Mr. yellen will choose mild chronic  deflation over loss of control.

 

Sell when inflation fears or fear of calamity are peaking, at least don't buy at that time.  

 

You have been buying on the way down, haven't you?

Fri, 01/24/2014 - 10:07 | 4362370 DueDiligence
DueDiligence's picture

Getting ahead of yourself.  When gold breaks the 1270 marker with great conviction we MAY see a rally higher.  Too many big players manipulating the price to get excited.

Fri, 01/24/2014 - 10:08 | 4362377 drendebe10
drendebe10's picture

30 day trend is up but 6 month is still  down.  Dont hold ur breath, gold bitchez.

Fri, 01/24/2014 - 10:27 | 4362441 Handful of Dust
Handful of Dust's picture

Lets face it: houses and stocks are overpriced and gold and other PMs are underpriced.

Fri, 01/24/2014 - 10:29 | 4362446 RockRiver
RockRiver's picture

Lets look at this on something besides a one minute chart. Talk about exagerate a minor little move......

Fri, 01/24/2014 - 12:21 | 4362869 Proofreder
Proofreder's picture

Not so, IMNSHO

60$ move in two days, consolidating near resistance; the Bull snorts and stands his ground.

The Bear hibernates in the long, increasingly cold, winter season.

The Sun smiles as the second season of the Fourth Turning unfolds.

Fri, 01/24/2014 - 10:44 | 4362502 kragsquest
kragsquest's picture

When gold is at $2500 and rising these little gyrations and petty criticisms will appear minor by comparison!

Fri, 01/24/2014 - 11:44 | 4362709 dark pools of soros
dark pools of soros's picture

anyone wishing for $2500 surely is bagholding above $1600

 

we might get to $1600 by end of year which is a nice gain from $1200..   buy now

 

 

Fri, 01/24/2014 - 11:44 | 4362704 dark pools of soros
dark pools of soros's picture

just in case this crowd doesn't know yet....  YES IT TIME AGAIN TO BUY GOLD...   was so since last week..  go crazy.

 

oh wait..  you all are still stuck over $1700oz right??   oh well

 

 

Fri, 01/24/2014 - 11:53 | 4362743 fijisailor
fijisailor's picture

No I'm stuck at $300/oz.  Already bought again at $1190

Fri, 01/24/2014 - 12:16 | 4362850 Fiat agnostic
Fiat agnostic's picture

Coordinated currency declines are losing their choreography. Currency competition once shed of its gentlemans agreement becomes political competition. From economic and political differences war is only a very small step away, we are now close - very close...

Fri, 01/24/2014 - 12:34 | 4362945 jomama
jomama's picture

algo smash to under 1250 in 5... 4... 3...

Fri, 01/24/2014 - 12:43 | 4363014 Proofreder
Proofreder's picture

Aaaannnnnd here it is, the 11:30 takedown ... down six points in five minutes.

Yawn

Fri, 01/24/2014 - 13:21 | 4363209 Conax
Conax's picture

No dropping gold, they turned their bazooka on silver, which hadn't really done anything.

big bullies. 

Fri, 01/24/2014 - 13:30 | 4363234 MeelionDollerBogus
MeelionDollerBogus's picture

silver falling out of sync (negative) with gold:
ln(silver) = gold * 3/2635 + 19/12 +/- 4%, is within this range BUT 3.75% down to the negative side so just barely.
http://flic.kr/p/f17z1s

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