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Scrambling Gold Mints Around The World Plead: "We Can’t Meet The Demand, Even If We Work Overtime"

Tyler Durden's picture




 

One of the big disconnects over the past year has been the divergence between the price of paper gold and the seemingly inexhaustible demand for physical gold, from China all the way to the US mint. Today we get a hint on how this divergence has been maintained: it now appears the main culprit is the massive boost in supply by gold mints around the world working literally 24/7, desperate to provide enough supply to meet demand at depressed prices in order to avoid a surge in price as bottlenecked supply finally catches up with unprecedented physical demand.

Bloomberg reports that "global mints are manufacturing as fast as they can after a 28 percent drop in gold prices last year, the biggest slump since 1981, attracted buyers of physical metal. The demand gains helped bullion rally for five straight weeks, the longest streak since September 2012. That won’t be enough to stem the metal’s slump according to Morgan Stanley, while Goldman Sachs Group predicts bullion will "grind lower" over 2014." Odd - one could make the precisely opposite conclusion - once mints run out of raw product, the supply will slow dramatically forcing prices much higher and finally letting true demand manifest itself in the clearing price.

More from Bloomberg:

“The long-term physical buyers see these price drops as opportunities to accumulate more assets,” said Michael Haynes, the chief executive officer of American Precious Metals Exchange, an online bullion dealer. “We have witnessed some top selling days in the past few weeks.”

The propaganda is well-known: “Prices are likely to drop further as global economic conditions are stabilizing and tapering worries continue,” said Rob Haworth, a senior investment strategist in Seattle at U.S. Bank Wealth Management, which oversees about $110 billion of assets. “There is no doubt that physical demand has improved, but it will not be enough to support prices." Uhm, yeah. That makes no sense: what happens when global mints are hit by capacity bottlenecks from gold miners for whom it is becoming increasingly more economic to just halt production at sub-cost levels.

Meanwhile, here is a case study of how individual mints are working overtime to plug the unprecedented demand comes from Austria:

Austria’s mint is running 24 hours a day as global mints from the U.S. to Australia report climbing demand for gold coins even while Goldman Sachs Group Inc. says this year’s price rebound will end.

 

Austria’s Muenze Oesterreich AG mint hired extra employees and added a third eight-hour shift to the day in a bid to keep up with demand. Purchases of bullion coins at Australia’s Perth Mint rose 20 percent this year through Jan. 20 from a year earlier. Sales by the U.S. Mint are set for the best month since April, when the metal plunged into a bear market.

It's not just Austria. Presenting the US Mint:

The U.S. Mint, the world’s largest, sold 89,500 ounces so far this month. The Austrian mint that makes Philharmonic coins, saw sales jump 36 percent last year and expects “good business” for the next couple of months, Andrea Lang, the marketing and sales director of Austria’s Muenze Oesterreich AG, said in an e-mail.

 

“The market is very busy,” Lang said. “We can’t meet the demand, even if we work overtime.”

 

The price for the Austrian mint’s 1-ounce Philharmonic gold coin slumped 27 percent last year, according to data from the Certified Coin Exchange.

 

“It’s been a very bad year for gold,” said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago. “People who bought coins have lost value, but they are not looking at short-term gains, and hope springs eternal.”

Tell that to China.

That said, keep an eye on GLD ETF holdings - for now the biggest marginal setter of gold price remains the paper ETF, whose "physical" gold holdings have cratered in the past year. Once this resumes going higher, buy.

 

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Mon, 01/27/2014 - 13:07 | 4371433 Bearwagon
Bearwagon's picture

Game on, man! Game on! Wait ... that wasn't quite what Hudson said ... er ... ah! Game over, man! Game over!

Mon, 01/27/2014 - 13:12 | 4371450 SoilMyselfRotten
SoilMyselfRotten's picture

Such a fuss over a barbarous relic, gimme moar paper!

Mon, 01/27/2014 - 13:14 | 4371465 Ulterior
Ulterior's picture

paper has the same price and it weighs less, unless you are preparing for doomsday, which can turn ugly having to defend it

Mon, 01/27/2014 - 13:44 | 4371587 BoNeSxxx
BoNeSxxx's picture

Must be important as the article has appeared twice here on ZH in as many days.

That said, it just doesn't get old.

BTFD boyz... it ain't gonna last long.

Mon, 01/27/2014 - 13:46 | 4371600 midtowng
midtowng's picture

Almost half of GLD holdings have been sold. That's the overwhelming reason for this huge correction in the POG. It isn't going to go to zero, so therefore the correction is pretty much over as long as the CB's keep printing.

Mon, 01/27/2014 - 13:54 | 4371631 TeamDepends
TeamDepends's picture

The mints "can't meet the demand, even if we work overtime", yet the price has tanked lately.  This just doesn't add up in a free market system.

Mon, 01/27/2014 - 13:56 | 4371660 Pinto Currency
Pinto Currency's picture

 

The gold price setting mechanism is a paper game and disconnected from the  physical market.

Ignore the price signals until the Comex and LBMA are reformed.

Global physical gold demand was at record levels in 2013 while the price fell 25%; mint demand is a small fraction of the net physical demand.

The run on physical gold continues and it is accelerating.

Mon, 01/27/2014 - 14:01 | 4371683 Xibalba
Xibalba's picture

The end game will be when the paper price hits ZERO. 

Mon, 01/27/2014 - 14:17 | 4371767 SWRichmond
SWRichmond's picture

So China is using its wealth to buy gold?  TIME TO CRASH CHINA, and that is what the US media is helping to bring about: "Tapering is withdrawing liquidity from emerging markets blah blah blah".

Mon, 01/27/2014 - 14:36 | 4371849 Herd Redirectio...
Herd Redirection Committee's picture

"Gold is currently on sale due to price manipulation"

“It’s been a very bad year for gold"

Mon, 01/27/2014 - 15:40 | 4372110 Anasteus
Anasteus's picture

The fact that gold is so low despite tremendous physical demand depleting the rest of the supply could indicate how desperate the cartel is. For some unknown reason they can't afford to push the price even a little higher. Are they deliberately breaking down the paper market? It's all so ridiculous now that I cannot help but laugh.

But maybe there is a hidden, though unintended, message behind all that for those who can read: 'Our dear citizens, buy the real money at discount prices while you can, we're doing our best and struggling for the best conditions to preserve your assets and savings until all gold is definitely bought up by China'.

A pure farce. I've got no fear anymore... and stacking. The end is at hand.

Mon, 01/27/2014 - 15:40 | 4372162 SoilMyselfRotten
SoilMyselfRotten's picture

Hearing the faint tune of MC coming thru...lits looking like hammer time

Mon, 01/27/2014 - 15:51 | 4372192 BaBaBouy
BaBaBouy's picture

Barbarous GOLD OVERTIME Shifts, Just BARBAROUS!!!

Melting Down These GERMAN 400' Bars Into Chinese Kilobars, Its Just Barbaric...

 

Mon, 01/27/2014 - 16:10 | 4372290 Mesquite
Mesquite's picture

Sure would expose any hidden Tungsten...Now wouldn't it....

Mon, 01/27/2014 - 20:11 | 4373072 Keyser
Keyser's picture

89,000 oz in a month from the US Mint alone. Where is it coming from I wonder. In the mean time gold is on sale and when it ramps it will look like the US debt curve, parabolic!!!!!

 

 

Mon, 01/27/2014 - 15:50 | 4372215 Whalley World
Whalley World's picture

Coming into big $ from divorce home sale and of Feb, hope JP Morgan and friends can keep the slam on till then, it's all going into phyz except for my trip back to Cuba to party with the bonita senioritas

Mon, 01/27/2014 - 14:40 | 4371874 NoDebt
NoDebt's picture

Here's the sum total of what I know about the physical gold market:

NOBODY IS BEING TALKED OUT OF BUYING PHYSICAL GOLD RIGHT NOW.  NOBODY.

Mon, 01/27/2014 - 14:44 | 4371897 Pinto Currency
Pinto Currency's picture

 

As the demand increases, that will lead to a price collapse.

The greater the shortage, the lower the price will be due to market forces.

Mon, 01/27/2014 - 14:55 | 4371960 macholatte
macholatte's picture

100 kilo coin

The world's largest gold coin

https://www.youtube.com/watch?v=Disuoesv8eY

Why did they make it? Because the team wanted the challenge. (go to 5:30)

Mon, 01/27/2014 - 20:15 | 4373083 Keyser
Keyser's picture

Obama has been the poster child in two markets, guns and gold!!! 

Tue, 01/28/2014 - 10:43 | 4374920 N2OJoe
N2OJoe's picture

Wow that coin... *drool*

Mon, 01/27/2014 - 15:19 | 4372068 mickeyman
mickeyman's picture

Or the alternative is that price will remain at the official market price, but there will be no supply.

I remember several years ago when the gold price fell trying to find some. There wasn't any!

Mon, 01/27/2014 - 15:25 | 4372092 Pinto Currency
Pinto Currency's picture

 

When you can`t find any gold that is evidence of oversupply of gold to the market.

That is what will cause the price to fall.

Mon, 01/27/2014 - 16:39 | 4372371 fedupwhiteguy
fedupwhiteguy's picture

Huh? Is it opposite day???

Mon, 01/27/2014 - 19:32 | 4372967 Pinto Currency
Pinto Currency's picture

 

<SARC>

Mon, 01/27/2014 - 21:17 | 4373329 fedupwhiteguy
fedupwhiteguy's picture

OH MAN! you got me!! that's funny.

Mon, 01/27/2014 - 16:41 | 4372375 Tall Tom
Tall Tom's picture

Just how do you equate scarcity with abundance?

 

If Gold is scarce in the marketplace, because there are few sellers, then how does that equate to an oversupply of Gold, an abundance of easily found Gold, in the marketplace?

 

Please elucidate upon this point.

Mon, 01/27/2014 - 16:48 | 4372407 balanced
balanced's picture

I think he just forgot the /sarc tag

Mon, 01/27/2014 - 18:40 | 4372807 Tall Tom
Tall Tom's picture

Perhaps you are right as I got junked for requesting an expansion of "that gem of wisdom"...

 

LOL.

Mon, 01/27/2014 - 16:55 | 4372439 HungryPorkChop
HungryPorkChop's picture

@Pinto Currency.  Brilliant statement.  Using leading economic indicators I've confirmed it works great in other markets too like oil, lumber, steel and sugar.  Higher demand always leads to lower prices.  Just take gas as an instance, when demand goes up or there are shortages the price always plunges.  I just can't wait for an oil embargo so gas will drop down to below $1 per gallon. 

Mon, 01/27/2014 - 15:51 | 4372216 negative rates
negative rates's picture

That's the problem with a heart of tungstun, no one is being talked out of buying them.

Mon, 01/27/2014 - 14:42 | 4371884 Tall Tom
Tall Tom's picture

Few seem to understand (NOT HERE ON ZH..but in the disconnected Fantasy Economic World) that as the demand for Paper Contracts diminish that the price for those contracts will decline. Decline in the price of Paper Contracts will disconnect from the increase in price for the Physical Metal.

 

When that disconnect becomes too divergent it will accelerate the decline in price for Paper Contracts and expose the charde of the Paper Gold Market as the illusion, the FRAUD, for which it is. Then the exponential acceleration of price declines for Paper Contracts just increase until the Paper Contract realizes the true intrinsic value of ZERO.

 

Isn't it remarkable that the same hyperinflationary exponential growth of Paper Contracts for Gold mirrors that of the hyperinflationary exponential growth of the Currency Supply?

 

It is just demonstrative of the inherent fraud of any Paper Contract within this Debt Based Ponzi scheme. I expect that as the regression to Collapse is realized that most paper contracts pertaing to represent anything of value will be similarly mirrored. (Equities, Bonds, and all commodities.)

 

It is actually fascinating to watch these developments as I would not have even considered many of the observed phenomena possible until the last few years.

 

Live, observe, and learn.

Mon, 01/27/2014 - 15:20 | 4372071 _ConanTheLibert...
_ConanTheLibertarian_'s picture

So paper contract hyperdeflation will occur.

Mon, 01/27/2014 - 16:16 | 4372306 Tall Tom
Tall Tom's picture

Hey Conan...Good to have you visit from Kitco. How is that Motely Crew of pirates over there?

 

While the amount of available Paper Contracts Inflate  it follows that the price of the Paper Contracts will Deflate

 

The Financial Markets will become awash with a Tsunami of Paper...meaningless paper, promises which will be broken and unfulfilled.

 

Afterwards, as the complete erosion of Trust happens, then there will be no more Paper Contracts as a Cash and Carry, OTC Marketplace, replaces the current paradigm.

 

It will take an extended period of time in order to reestablish TRUST as so many will have been burned.

 

As I have posted many times on Kitco, and I will reiterate the same here, is that Inflation and Deflation are two opposing expressions of the same phenomena.

 

Hyperinflation is a result of a Lack of Confidence.

Mon, 01/27/2014 - 16:59 | 4372454 hot sauce technician
hot sauce technician's picture

So at what point do ETFs become worthless? When does it become impossible to dump them?

Mon, 01/27/2014 - 20:48 | 4373205 Tall Tom
Tall Tom's picture

When there are no longer anybody willing to buy them as they have awoke from the delusion.

 

When did Tulips become worthless?

Mon, 01/27/2014 - 14:20 | 4371771 SafelyGraze
SafelyGraze's picture

producing the planchets for coins is back-breaking work

first, you place the metal bar/ingot/billet in the feed end, then press the "on" button to activate the conveyor so that the bar is rolled between smaller and smaller openings

then you have feed the rolled metal into a machine that punches out a bunch of little disks and collects them in buckets

the union of on-button-pressers is ready to strike because of the demands of providing all those planchets to the mints

and then all that .9999 crap will just be sitting in our loading-dock inventory, waiting to be rolled and punched

useless

unwanted

because our demands for better working conditions are not being met 

and that is why billets and planchets are in short supply

it isn't as if you can just set up the process on your shop floor and then let it run by itself

https://www.youtube.com/watch?v=3H3QhbQtsLo

 

 

Mon, 01/27/2014 - 15:05 | 4372015 The Wisp
The Wisp's picture

Not much security in that video what were they making tin cans ?

Mon, 01/27/2014 - 14:02 | 4371666 Levadiakos
Levadiakos's picture

The squeaky wheel is the shamelessly whiney editorial nature of the intro

Mon, 01/27/2014 - 13:58 | 4371668 HobbyFarmer
HobbyFarmer's picture

Off Topic: propane costs in the midwest.  $1.59 a gallon 1 year ago, over $5 a gallon to fill up today.  Thank goodness for my ESSE woodstove.

Prepare accordingly, fight club.

Mon, 01/27/2014 - 14:45 | 4371900 cro_maat
cro_maat's picture

According to the "New Math" (CPI) from BLS there is no inflation since you were able to substitue free wood from your land for the expensive propane. Hell this looks like deflation!

I've decided to manufacture some personal deflation and invited 12 illegal immigrants into my 3 bedroom aptment in Brooklyn. We have set traps for the mice and eliminated the high price of beef. I no longer worry about the rising costs of the MTA (NYC Subway) as I have switched to longboarding to work. The BLS even has a new program that works along the "teach em to fish instead of giving them free sardines" meme. The program is called Street Cheese. All EBT cardholders are eligible for the program. It is administered by local dog pounds. Once a week you are given a gallon of fresh cat / dog milk along with training in how to make fresh mozzerella at home.

Mon, 01/27/2014 - 14:50 | 4371935 disabledvet
disabledvet's picture

and at least this gets to the crux of the matter. "Supply."

The question to me is "where is all this inexhaustible supply coming from" not inexhaustible demand.

Price gouging is normative.

Governments exacerbating the situation is normative as well.
Someone is doing the right thing here.

Weird.

Mon, 01/27/2014 - 14:54 | 4371964 TheMeatTrapper
TheMeatTrapper's picture

We are bracing for another wave of arctic air here in Alabama. I was at Walmart last week and saw people lining up for propane tanks. They were in line in the parking lot and getting the 20 gallon tanks off the back of the truck as they were delivered. Never seen that before. When I went inside, the camping section was wiped out of cheap sleeping bags. No cheap propane camp stoves either.

Nobody was buying 20 gallon propane tanks and cheap ass sleeping bags to go camping. They were buying them to stay warm in their homes. 

That told me people can't afford to heat their homes the normal way - so they were resorting to running propane camp stoves inside and layering under sleeping bags to stay warm. 

WalMart provides more real time insight into what people are going through than CNBC ever will. 

Mon, 01/27/2014 - 17:18 | 4372533 fedupwhiteguy
fedupwhiteguy's picture

Don't you mean a 20 pound tank?

 

http://www.walmart.com/ip/Worthington-Cylinder-20-Pound-Refillable-Propa...

 

btw, i'm currently in Huntsville for a short term contract. Donde esta usted?

 

 

Mon, 01/27/2014 - 15:44 | 4372183 chubbar
chubbar's picture

Just was billed for a fill up on Friday. $3.69/gal here in upstate NH.

Mon, 01/27/2014 - 21:58 | 4373512 Freegold
Freegold's picture

Mint selling is not the only business so yes coindemand can go up and prices down and still be normal. What matters is what the "BigBoys" do like centralbanks, Oilmoney etc. But it can also be papergold losing it´s lustre or a combination and that (paper falling out of fashion) is what I´m hoping for :)

Mon, 01/27/2014 - 13:57 | 4371637 Pinto Currency
Pinto Currency's picture

-

Mon, 01/27/2014 - 14:15 | 4371748 unrulian
unrulian's picture

as a reloader that would make some interesting shot; maybe better than silver bullets for vampires and/or squid

Mon, 01/27/2014 - 13:45 | 4371591 midtowng
midtowng's picture

That's a false choice. It isn't a matter of fiat vs. doomsday.

The more realistic choice is currency devaluation vs. gold.

Mon, 01/27/2014 - 14:45 | 4371901 Tall Tom
Tall Tom's picture

Isn't that also a false dilemma?

 

Why isn't stability an option as it is the optimal choice?

Mon, 01/27/2014 - 13:16 | 4371477 whatsinaname
whatsinaname's picture

In India gold seller store owners are the ones really unhappy. Bought at relatively high prices but meeting steady demand at depressed prices.

Gold demand has not changed much irrespective of govt policy changes and even the Fin Min admits smuggling has gone up.

Mon, 01/27/2014 - 14:38 | 4371858 Herd Redirectio...
Herd Redirection Committee's picture

With JIT delivery, I doubt they paid more for the gold than they sold it for.  Quick turnover means you aren't exposed to either large rises in price, or large drops.

Mon, 01/27/2014 - 13:31 | 4371533 LawsofPhysics
LawsofPhysics's picture

True Price Discovery can be surprising like that.  In fact, under the right conditions a fucking can of beans can become priceless.

moral hazard and exponential equations are bitch motherfuckers.

Mon, 01/27/2014 - 14:57 | 4371976 disabledvet
disabledvet's picture

The dollar is "weird money" because it doesn't trade all that much.

To suppose "that just means there aren't a lot of goods priced in dollars" would be a big mistake however.

Venezuela is an endless supply of oil.
Argentina is an endless supply of copper.

No one wants to talk about why the dollar has annihilated those two currencies?

That strikes me as the starting point in any conversation about money.

Not "Lu-Lu Lemon" or "under armor."

Mon, 01/27/2014 - 13:40 | 4371572 SharkBit
SharkBit's picture

More not Moar.  Moar is not even a word.

Mon, 01/27/2014 - 14:35 | 4371848 Uncle Sugar
Uncle Sugar's picture

In this case Google IS your friend.

Mon, 01/27/2014 - 16:08 | 4372283 WillyGroper
WillyGroper's picture

more like shark bait.

chum

chump

Mon, 01/27/2014 - 14:48 | 4371923 James
James's picture

"Moar is not even a word."

 

What a Maroon.

Mon, 01/27/2014 - 14:48 | 4371930 RaceToTheBottom
RaceToTheBottom's picture

Moar is to More

as

Physical gold is to Paper Gold

Mon, 01/27/2014 - 14:55 | 4371975 Tall Tom
Tall Tom's picture

MOAR. NEED MOAR WOAR TO FEED THE HOAR.

 

Now I know that the proper spelling of the previous statement is, "More. More war to feed the whore."

 

Are you a FUCKING IDIOT??? You must be one of the most DENSE MOTHERFUCKERS POSTING on ZEROHEDGE, today.

 

Obviously you have not been reading much here on Zerohedge as "MOAR" is an intentional misspelling as much as Moebama.

 

So go autofellate since you are so physically capable as you are a SPINELESS FAGGOT.

 

(No offense is intended to the Intelligent Gays on this board.)

 

And a hearty welcome to Fight Club, you fucking BITCH.

Mon, 01/27/2014 - 16:10 | 4372289 WillyGroper
WillyGroper's picture

over react much?

shorty.

Mon, 01/27/2014 - 16:50 | 4372413 Tall Tom
Tall Tom's picture

+1 for that...Hell I'd give you +1000 if I could. LMAO.

 

I always overreact.. I am just a reactionary. What the FUCK?  What do you expect?

 

Do you want to be as if you were dead and not react at all. Then you can go ahead and knock yourself out.

 

This is Fight Club, bitch..

 

You Groper, you.

 

You had best watch the movie so you can have a smidgeon of a clue.

Mon, 01/27/2014 - 17:07 | 4372497 WillyGroper
WillyGroper's picture

You're so full of yourself it's running out your ears. The way you react you're the only one with a clue.

Given your over zealous religous ferver to a blog, I bet you're going to be a real gas when TSHF.

Greenhorn.

Mon, 01/27/2014 - 17:40 | 4372616 Tall Tom
Tall Tom's picture

You think that I have a clue? Not exactly.

 

It is you who has no clue about who I am. I really cannot care less if you ever do.

 

MY POSTS ARE NOT ABOUT ME.

 

As for wagering you can bet as you please. I really do not care about your wagers.  

 

But when the SHTF ... Well the Shit already has hit the proverbial fan if you have not been paying attention. It is even going to become much more of a Shitstorm in the near future.

 

THERE IS NO "WHEN" AS THE EVENT HAS ALREADY HAPPENED. It is a matter of how much shit which you are willing to wallow in before you get up off of your ass and DO SOMETHING ABOUT IT.

 

When there is an actual 25% Unemployment Rate in the Nation then the Shit has already hit the fan.

When there is no Rule of Law in the United States ,but there is Mob Rule, then the Shit has already hit the fan.

When the Financial Markets are supported by the infusion of Liquidity from the Federal Reserve rather than by the productive activities of the Nation's people then the Shit has already hit the fan.

When the Law is DICTATED by a KNOWN SODOMITE and NOT THROUGH REPRESENTATIVE GOVERNMENT then the Shit has already hit the fan.

When the United States Government engages in Warfare for the PROFITEERING of the Military Industrial Complex rather than protecting our Nation's Borders then the Shit has already hit the fan.

When Wall Street Banks can Foreclose on People's Property which had already been paid off, STEALING PROPERTY, then the Shit has already hit the fan.

When the Purchasing Power of the Currency is being degraded daily through Inflationary Policy then the Shit has already hit the fan.

 

I can come up with so many more examples of how the Shit has already hit the fan and you want to criticize me for ridiculing a shallow person for criticizing the spelling of the word, "more"???

 

Are you fucking insane? Are you that DAMNED CLUELESS, GREENHORN???

 

That is fucking laughable. 

 

LMAO.

Mon, 01/27/2014 - 21:08 | 4373279 WillyGroper
WillyGroper's picture

My undying gratitude as I've been so detached & unaware.

Yet, I couldn't quite hear you.

Could you scream it one more time?

Shorty.

Mon, 01/27/2014 - 19:35 | 4372971 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

over react much?

shorty.

M0AR GR0ATH!!!1!!1!!!!

Mon, 01/27/2014 - 20:51 | 4373213 Tall Tom
Tall Tom's picture

I will have to remember that spelling, GROATH. That is great.

Mon, 01/27/2014 - 16:48 | 4372409 boogerbently
boogerbently's picture

Did you forget to change your bio ?

Mon, 01/27/2014 - 17:07 | 4372496 Tall Tom
Tall Tom's picture

No. No need to change a bio. /real

 

Did you forget to change your diaper? /sarcasm

 

At times one will play a role. At other times one will be serious and real. It is up to you to determine which role I play and when I am playing. If you take everything that I write as serious..may the Good Lord forbid.

 

The initial response to the post whom criticized a misspelling of a word rather than the more important topic addressed in the comment to which he responded...DESERVED RIDICULE.

 

We do not need "Grammar Cops" on Zerohedge. I do not come here to read someone who believes themselves to be so high and mighty just because they have a command of proper spelling of words. I am being serious. I am not here to read that kind of crap.

 

I am here to garner insights to the direction of the economy and the future of the Planet...BECAUSE I GIVE A DAMN. I am also here to GIVE INSIGHT to others whom may not be as aware.

 

But if someone is worthy of disrespect because of a shallow and lame response then I will let them have it...IN SPADES.

 

If someone wants to regress to the Third Grade Grammar School mentality of getting the best grade on a Spelling Test then I have just as much ability to REGRESS TO THEIR LEVEL and hurl every single IMMATURE PLAYGROUND INSULT AT THEM...because THEY ARE BEHAVING AS A CHILD.  I want my message CLEAR so that THEY UNDERSTAND IT.

 

So..ARE WE CLEAR???

 

Fight Club bitches!!!

Mon, 01/27/2014 - 17:44 | 4372623 Wen_Dat
Wen_Dat's picture

Clear about what?

Mon, 01/27/2014 - 20:52 | 4373220 Tall Tom
Tall Tom's picture

LOL

Mon, 01/27/2014 - 16:22 | 4372320 AustriAnnie
AustriAnnie's picture

Moar reading, less commenting, SharkBit.

 

Mon, 01/27/2014 - 17:12 | 4372517 Greenskeeper_Carl
Greenskeeper_Carl's picture

MOAR is like 'more'. But you say it with a roar.

Can I use it in a sentence? I sure can.....

"I say, Janet, the stock market is down a wee bit, do you suppose we should print a little 'more'?
Vs

"Ohmyfuckinggod the S&P is down 4%! This can't be happening, we must print MOAR!"

Mon, 01/27/2014 - 13:43 | 4371580 kralizec
kralizec's picture

I'll give more paper for barbarous relic, thank you very much!

Mon, 01/27/2014 - 14:37 | 4371854 SoilMyselfRotten
SoilMyselfRotten's picture

"Moar is not even a word"

Ain't been around here long, eh?

Mon, 01/27/2014 - 13:11 | 4371452 vmromk
vmromk's picture

Hahaha, suck my cock Federal Reserve and your price suppresion !

Mon, 01/27/2014 - 13:33 | 4371549 MsCreant
MsCreant's picture

After removing her teeth, Janet Yellen opens her mouth seductively, taking your swollen member into her warm, wrinkled, moist mouth. She sucks slowly, rhythmically, as your breath comes in ever shorter gasps...

Like that?

Mon, 01/27/2014 - 13:37 | 4371564 CoopDeluxe
CoopDeluxe's picture

/vomit

Mon, 01/27/2014 - 13:40 | 4371568 Alpo for Granny
Alpo for Granny's picture

Ew.

Mon, 01/27/2014 - 13:44 | 4371585 jbvtme
jbvtme's picture

i wouldn't fuck that haircut with greenspan's dick

Mon, 01/27/2014 - 14:10 | 4371736 jbvtme
jbvtme's picture

sorry, make that krugman's

Mon, 01/27/2014 - 14:42 | 4371887 whatthecurtains
whatthecurtains's picture

Krugman has a dick?

Mon, 01/27/2014 - 15:42 | 4372178 Jena
Jena's picture

Only according to his fanboys.

Mon, 01/27/2014 - 13:41 | 4371577 BoNeSxxx
BoNeSxxx's picture

I just threw up in my mouth a little at that mental picture.

Now Christine Lagarde could conjur up enough blood flow to at least get the little soldier to attention... Yellen?  Yuck.

Mon, 01/27/2014 - 13:56 | 4371649 TeamDepends
TeamDepends's picture

You like 'em orange, huh?

Mon, 01/27/2014 - 14:00 | 4371676 BoNeSxxx
BoNeSxxx's picture

Yea I guess so... an orange Luciferian Lizard Woman is preferable to a certified Swamp Donkey ;-)

Mon, 01/27/2014 - 14:38 | 4371853 Husk-Erzulie
Mon, 01/27/2014 - 13:43 | 4371586 Mad Mohel
Mad Mohel's picture

You sir have truly disgusted me during this hour of lunch. I was reminded of a scene from The Stanley Kubrick film The Shining.

Mon, 01/27/2014 - 13:44 | 4371594 Jendrzejczyk
Jendrzejczyk's picture

That is sooooooooooooooooo freaking wrong Missy!

Mon, 01/27/2014 - 14:07 | 4371721 MsCreant
MsCreant's picture

It was a thought experiment.

So many times men will say, "Suck my dick," or "Lick my balls," as a way to be insulting. To me, I don't want you around my privates unless I like you. I don't tell the Fed to "Suck my clit" or "Lick my ass." I like my body parts too much to trust them to the Fed. 

Men need to respect their man stuff more in my humble opinion. Don't dip it just any old place...

Mon, 01/27/2014 - 14:19 | 4371784 Hulk
Hulk's picture

Hear, here MsC !!!

Mon, 01/27/2014 - 14:31 | 4371826 Fukushima Sam
Fukushima Sam's picture

So... ass-licking is on the menu at MsCreant's?  :p

Mon, 01/27/2014 - 14:40 | 4371867 Hulk
Hulk's picture

Only Mr MsC knows how many licks it takes to get to the soft, nougetty center of MsC !!!

Mon, 01/27/2014 - 14:42 | 4371886 SoilMyselfRotten
SoilMyselfRotten's picture

I feel like a lab rat in your thought experiment.

Mon, 01/27/2014 - 15:32 | 4372118 mccvilb
mccvilb's picture

Okay, you're giving me a goldie.

Mon, 01/27/2014 - 17:06 | 4372485 Miffed Microbio...
Miffed Microbiologist's picture

You'd be surprised where they dip it msC. After 30 years I'm no longer shocked and rarely horrified ( babies still whip me into a frenzy and I have refused all court subpoenas because I know I will cause a mistrial). For something supposedly so beloved by men, I'm always so amazed they take such risks with its functionality. Seeing the same men come in over and over goes to show some do not learn from their mistakes. I guess we are not hardwired to understand this attribute of men.

Miffed;-)

Mon, 01/27/2014 - 17:25 | 4372561 MsCreant
MsCreant's picture

And that is just that, isn't it? No wonder you are Miffed! You have seen and understood too much. No luxury of cognitive dissonance for you!

 

Mon, 01/27/2014 - 18:00 | 4372685 Miffed Microbio...
Miffed Microbiologist's picture

Yeah,

I wish I could call myself ignorant. It is often more blissful!

Miffed;-)

Mon, 01/27/2014 - 22:34 | 4373626 MsCreant
MsCreant's picture

If you happen to see this, after the traffic is gone, the baby thing takes the wind out of my soul. How devastating. I encourage you to see someone to help you get centered to testify, unless someone at your organization already has that under control. You are needed. 

Mon, 01/27/2014 - 23:51 | 4373846 Miffed Microbio...
Miffed Microbiologist's picture

The worst one was a nine month baby girl. She had gonorrhea so badly she almost died. In her mouth, in her vagina and in her rectum. Because I did the work I was subpoenaed. I told my pathologist I could not do this. I would try to kill the man and/or go mentally insane. When the lawyer realized I would not be a good witness they released me and only the pathologist had to testify. This happened 15 years ago and I will never forget it. I have had other baby cases that were very disturbing that still haunt me but nothing like the one I described. I often wonder about her and pray she's ok though I know her life must be very difficult. In many ways I am way too sensitive to do what I do. Because I have testified before I know the drill. The defense lawyer will question my skills, claiming I was a bumbling idiot and contaminated the samples. These evil monsters never confess because they know a lawyer can spin the facts in a way at least one jury member will be fooled. I've seen it enough to be beyond cynical that justice will not be done.

I am now sorry I had posted that. I feel guilty I have spread my burden and sadness to another and,therefore, have handed you something unasked for. Please forgive me for that. I do try to see goodness and kindness in our world but I know there are monsters out there always waiting in the shadows. I have seen them first hand.

Miffed;-)

Tue, 01/28/2014 - 01:35 | 4374083 MsCreant
MsCreant's picture

Miffed,

In case you want to erase, I will answer you here. 

Some of them grow up and do okay. Real okay. But they need all the help and love they can get and it will still be hard. You know this. She may be okay enough. 

You have not burdened me. 

This is one of my areas of research. I understand this one better than most on earth. I am not arrogant, these are just the facts.

Some are monsters we should probably kill. I am not a big death penalty person because innocent folk get it because they don't have the money a rich fuck does, and I still feel that way. Some need compassion, and they need to be in prison for the rest of their lives, horrible stuff happened to them. There are a few young ones, you catch them early, teach them empathy, they were abused, they really are horrified at what they did. It is so hard to sort out who is who. Empathy is the one though. If you cannot connect with your victim you will do it again. 

This is all relevant on an economics blog. Take my paragraph above and we can probably apply it to financial sociopaths as well.

Peace. Rest easy that anything you do at all is helpful. The real war is on trauma. There is so much to say about that, but it is actually the real problem on Wall Street too. It is easier to hate em.' Then I don't have to think and figure out those few who could be rehabilitated. This stuff does not always bring out my "best self."

Tue, 01/28/2014 - 14:22 | 4375967 Miffed Microbio...
Miffed Microbiologist's picture

Thanks for that. I know, though my part in these situations is minimal, I have been effectual for justice to have been served.

Once a lawyer called me and thanked me for my testimony on a medicinal blood alcohol( verses a legal) that was the first in San Diego to have been adequately argued to be accepted by the court. After the three hours of grueling testimony the defense lawyer told me he thought he'd have me in tears in 20 minutes. He asked me to lunch as a complement to my unexpected acumen. I politely declined and hoped I wouldn't see him in the parking lot fearing I wouldn't be restrained if an opportunity arose. All the trials I have done seemed to me such charades. The pain and horror of the victim distilled down to a lawyer who argues most effectively and sways a group of people who often can't think critically. Yes, I have become too jaded and cynical. Probably why I fit in so well here. ;-)

When I was working on my own mental issues, my therapist told me the most important part of a humans life is connection to another. I was fascinated with that because I had so few people in my life that I really could connect to. This was someone with whom you could share without fear of judgement or reprisal. Someone who would show love and compassion with no strings attached or any future expectation. Once achieved, as you walk your path of life these people will help you shed the past. She liked it to carrying mounds of rocks in a backpack. Slowly you take them out and leave them on the road as you walk along. I must admit when I finished I felt " lighter" in spirit. So, I can agree with you, some people can change and climb out of the pit. I have done it myself.

I know it is easy for us here to hate all on Wall Street or government but have the sense to realize this is misguided. We do get a bit impulsive here and I fear this is a true foreshadowing of a very possible future. Quite disturbing to me at times because I am at heart a kind, contemplative person not prone to violence. I pray if this were to happen there would be restraint but, historically, this has never been the case. Perhaps, you, I and others will be well placed to help or forestall an outcome. You have shown me there can be positive results from horrible pasts so I will keep that in mind.

I have decided to leave my post up. Not for shock value but possibly to be instructive. Ignorance may be blissful but hardly ever beneficial. Thanks for responding to me.

Miffed;-)

Mon, 01/27/2014 - 15:04 | 4372005 Tall Tom
Tall Tom's picture

Now that is just too bent, and too twisted.

 

I projectile vomitted on my keyboard.

 

You should be ashamed for even being able to imagine that.

Tue, 01/28/2014 - 15:22 | 4376354 MeelionDollerBogus
MeelionDollerBogus's picture

wow, instant vomit.
Very nice work, Ms.

Mon, 01/27/2014 - 13:12 | 4371454 TeamDepends
TeamDepends's picture

How can they cut the money supply, they're animals!

Mon, 01/27/2014 - 13:52 | 4371635 Cpl Hicks
Cpl Hicks's picture

Hey, Tyler!

The quote- " We can't meet the demand, blah, blah, yadda, yadda" is not a plea.

It may be a whine or it may be a boast. But it is not a plea,

Mon, 01/27/2014 - 13:12 | 4371457 XAU XAG
XAU XAG's picture

if the Uk mint is short I have many Britanias I could sell them...................................not sure they would like the price!

Mon, 01/27/2014 - 13:23 | 4371511 JLee2027
JLee2027's picture

If Gold is in short suppy, Silver has to be worse because there are no stockpiles.

Mon, 01/27/2014 - 13:34 | 4371551 Canadian Dirtlump
Canadian Dirtlump's picture

I don't know if it is a raw material shortage or a finished product shortage - my guess is more the latter. If the professional satanic sex criminal elite keep the price this low much longer we're probably going to see a supply shock from the mining side.

 

With respect to silver supply, I had mentioned before Brotherjohnf's update where he pointed out something curious. The above ground stockpile of most of the base metals where we get most silver from, has positively exploded in the last few years - which could theoretically mean that someone needed the silver worse than they needed the zinc or copper. The implications about who ultimately is in control of running those mines is weeemahkable.

 

I guess what I'm trying to say is. I'm starting a new business called the Reggae Muff refinery and I'd be honored if some zhers would work with me to produce high quality precious metals at a reasonable cost.

Tue, 01/28/2014 - 15:22 | 4376347 MeelionDollerBogus
MeelionDollerBogus's picture

I dismissed brotherjohnf a while ago. he flat out can't comprehend that other things must move up or down with silver & when questioned on this he had a (mild) temper tantrum (in audio chat) and left in a huff. He doesn't know shit.

Tue, 01/28/2014 - 15:13 | 4376308 MeelionDollerBogus
MeelionDollerBogus's picture

if nanoporous gold, especially on titanium dioxide film can exceed performance of silver catalysts and is indeed immune to CO damage, could that displace a huge need for silver, palladium or platinum catalysts? Gold is rare but if very little's needed & very little's been used to date... that could drastically improve the intrinsic value of gold relative to silver.

Mon, 01/27/2014 - 13:45 | 4371595 Event Horizon
Event Horizon's picture

I am long of gold in Gartmans

Mon, 01/27/2014 - 13:11 | 4371440 Yen Cross
Yen Cross's picture

   Those damn Germans!

Mon, 01/27/2014 - 13:17 | 4371476 Bearwagon
Bearwagon's picture

Not to disagree, but it seems as if there are others who don't have germany's abundance of patience ...

Mon, 01/27/2014 - 13:48 | 4371608 Hal n back
Hal n back's picture

what options does Germany have?

Mon, 01/27/2014 - 14:15 | 4371755 Bearwagon
Bearwagon's picture

Blitzkrieg, of course. What did you thinkk? ;-)

Mon, 01/27/2014 - 15:56 | 4372238 Husk-Erzulie
Husk-Erzulie's picture

Lightning War, Shock 'n Awe... Ho hum, the more things change...

Mon, 01/27/2014 - 16:17 | 4372307 Brit_Abroad
Brit_Abroad's picture

Haven't taken a look at the Bundeswehr recently have you ?

Germany Blitzkrieging their way through Europe with a mighty 250 Leo II's.

Germany is burnt toast

Mon, 01/27/2014 - 13:10 | 4371443 maskone909
maskone909's picture

ot

nasdaq cancles trades in erroneus transactions

lmfao

Mon, 01/27/2014 - 13:21 | 4371498 maskone909
maskone909's picture

nice volume on todays $SPX $DJIA sell off so far

Mon, 01/27/2014 - 13:10 | 4371444 Lmo Mutton
Lmo Mutton's picture

What is Gold?

Mon, 01/27/2014 - 13:19 | 4371497 Just Observing
Just Observing's picture

To quote Joe Kernan (CNBC SquakBox):

"I don't own any gold.....I don't know anybody that owns gold.....I don't understand gold"

Is he REALLY that stupid or is it an act ?

Mon, 01/27/2014 - 13:21 | 4371505 Winston Churchill
Winston Churchill's picture

Yes.

Mon, 01/27/2014 - 13:46 | 4371596 knukles
knukles's picture

So why is Joe bitching today?
Gold is down today?
He doesn't know anybody who owns gold?
He's interviewed dozens of them.

Joe, you're part of why the viewership has plummeted.

Fucking denial.

Mon, 01/27/2014 - 14:55 | 4371972 Meat Hammer
Meat Hammer's picture

The financial MSM's meme is now to blame the problems in the US markets on "emerging markets".  That's so fucking stupid it's almost funny.  

Welcome to Backwards Land where the buggy pulls the horse.

Unbelievable.

Mon, 01/27/2014 - 15:11 | 4372039 dvfco
dvfco's picture

He's upset because he's still waiting for his invitation to join Fox Business, like every oher financial journalist / TV talking head has been over the past few years.  He doesn't want to be stuck with a windowless office and a 5 a.m. show when he's finally brought in the the Roger Ailes fold.  He got Bartiromo and looks like he's trying for all quality from Bloomberg & CNBC.

 

It just bugs me that they got Liz Claman.  She makes me want to puke. Right now she's probably blowing some billionaire in Davos for an invite to the Kleiner Perkins Party.  I want to shove the 'all-access' pass she flaunts on TV right up her ass.  

Sorry, that's a little harsh, but she's really annoying.  Give me Trish Regan, Lauren Simonetti, Sadra Smith and my favorite >50 hottie - Gerri Willis.  Hmm  This might just have been TMI.

Mon, 01/27/2014 - 21:15 | 4373311 MeelionDollerBogus
MeelionDollerBogus's picture

There's no valid information to have there. Why do you even watch it? I don't.

Mon, 01/27/2014 - 13:24 | 4371509 maskone909
maskone909's picture

he did go to MIT so yeah, hes a fucking dipshit.

Mon, 01/27/2014 - 13:38 | 4371563 Canadian Dirtlump
Canadian Dirtlump's picture

go to any crowd in north america and ask people about gold and silver. Over and over again, when presented with the idea of holding actual bullion, people will react with confusion, and likely either consider you crazy, or dangerous as some sort of apocalyptic wierdo.

 

Mon, 01/27/2014 - 14:47 | 4371912 Husk-Erzulie
Husk-Erzulie's picture

Witness the power of the highly refined, scientific indoctrination complex.  <-- Why you must question all of your automatic responses/assuptions.  Born in the USA?  Ever watch TV?  We're all bathing in the same psychic effluent.

Mon, 01/27/2014 - 16:28 | 4372338 Herd Redirectio...
Herd Redirection Committee's picture

I was told by a well-educated biologist not 2 years ago that "Ron Paul is crazy/wacko/a bit of a but"  and scoffed at my mention of a return to a gold standard.   I was too shocked to give him the 'how does our current banking system work, if you'd be so kind to share?' spiel.

Its like people who think mining for gold is dangerous to the environment, and wind farms are hazardous to birds and therefore evil.  No.  Everything is relative.  Gold mining must be compared to Wall St's paper shenanigans and the fiat misery they have brought the world, and wind farms need to be compared to nuclear power plants or coal plants.

Mon, 01/27/2014 - 19:50 | 4373024 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

people will react with confusion, and likely either consider you crazy, or dangerous as some sort of apocalyptic wierdo.

...providing satisfying confirmation that you've made the right choice.

Mon, 01/27/2014 - 13:49 | 4371619 Hal n back
Hal n back's picture

kernan is a stock guy-he is more in tune with buying stocks at 25 PEs that are not growing and use non gaap accounting or mark to model to pump up balance sheets. and income making hte true PE around 35-40 in a contracting economy.

 

other than that he is ok.

 

 

Mon, 01/27/2014 - 13:27 | 4371514 vulcanraven
vulcanraven's picture

"What is gold?"

Baby don't hurt me, don't hurt me... no more

Mon, 01/27/2014 - 13:11 | 4371447 Race Car Driver
Race Car Driver's picture

DOOM - in about six months.

Mon, 01/27/2014 - 13:13 | 4371458 doomandbloom
doomandbloom's picture

Did you call me?

Mon, 01/27/2014 - 13:12 | 4371451 eurogold
eurogold's picture

"We can't meet demand" and yet the price is not allowed to rise.......no manipulation here whatsoever !

Mon, 01/27/2014 - 13:14 | 4371466 Osmium
Osmium's picture

Strange indeed.  Yet a supply disruption in propane sends prices soaring.

Mon, 01/27/2014 - 13:36 | 4371559 Mr. Magoo
Mr. Magoo's picture

The law of supply and demand apparently does not apply to gold and silver manipulated prices

Mon, 01/27/2014 - 13:53 | 4371642 Pairadimes
Pairadimes's picture

Ahh, but they will.

Mon, 01/27/2014 - 13:41 | 4371570 MsCreant
MsCreant's picture

Calling Cognitive Dissonance...

Leon Festinger might be able to help us with this one...

They are lucky we don't hang them NOW! The enormity of it is too much to handle is all I can figure, either that or we are just too comfortable and denial is easier. It is incredible that so many smart people are letting this ride.

Mon, 01/27/2014 - 14:16 | 4371762 Bearwagon
Bearwagon's picture

Honestly: You ain't seen nothing, yet!

Mon, 01/27/2014 - 13:12 | 4371456 TheMeatTrapper
TheMeatTrapper's picture

The demand for gold and ammo seems to be insatiable. The writing is on the wall for those who wish to open their eyes and read it.

Mon, 01/27/2014 - 13:41 | 4371573 KickIce
KickIce's picture

The FSA is busy discounting their EBT cards so they have cash for booze and cigarettes.

Mon, 01/27/2014 - 13:44 | 4371590 XitSam
XitSam's picture

demand for ammo seems to be slacking as evidenced by mail order prices http://ammoseek.com and http://www.gunbot.net

Also Walmart and Bass Pro actually has ammo on the shelves recently, including ammo cans of 223/556 at all my local Walmarts.  Bass Pro has some reloading powder on the shelf which has been empty for a year.

 

Mon, 01/27/2014 - 15:04 | 4371995 SubjectivObject
SubjectivObject's picture

Quick, somebody point me to the stacks of 22 wmr, or lr, for that matter.

Mon, 01/27/2014 - 17:02 | 4372466 fijisailor
fijisailor's picture

It was bass pro shops on black friday for 22lr.  Hundreds of people waiting.

Tue, 01/28/2014 - 13:00 | 4375574 XitSam
XitSam's picture

I said demand was slacking, not that there were stacks of whatever you want. Reading comprehension problems?

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