• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Gold Closes At 3-Month Highs; Best Asset Since Taper

Tyler Durden's picture




 

Gold has risen 6 of the last 7 days, breaking back over $1,275 and closing at three-month highs as the last 3 days have seen stocks and precious metals bid. Silver is on a 7-day win streak holding above $20 for the last 3 days. Despite fading back from highs today, gold outperformed stocks and bonds (on a flat USD day) and gold remains the best-performing asset (+3.75%) from the December Taper.

 

Gold hits its highest since mid-November...

 

Since the taper, Gold has outperformed...

 

Charts: Bloomberg

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 02/10/2014 - 20:28 | 4421942 The Duke of New...
The Duke of New York A No.1's picture

Tell dont the Bundesbank!!!... it might encourage them to ask for even more of their Gold back!.

Mon, 02/10/2014 - 20:50 | 4422017 Ray1968
Ray1968's picture

Monkey-hammer smackdown in 3...2....1...

Mon, 02/10/2014 - 21:01 | 4422064 Thomas
Thomas's picture

I just appreciate not having to put up with all the cat calling from the folks who never owned an ounce. If it breaks to all-time highs, it will tough not to cat-call them out, although I hope to resist the urge. Gold bug since 1999 and uber silver bug...

Mon, 02/10/2014 - 21:08 | 4422081 knukles
knukles's picture

And as pointed out before...
Just like post past tapers.
If this shit keeps on, since we're trundling right down the very same path as Japan when they started this same shit almost 30 years ago, extremely aggressive monetary policy monetizing everything under God's creation, fucked up fiscal crony capitalist stimulus, not to mention our foreign entanglements and increasing lawlessness by those sworn to maintain such...

Long term rates gonna be lot lower and gold a ton (pun intended, hah ha ha ha... maniacal laughter) higher.

Take a look at the historical series, folks.
It's right there before your very eyes.

But fuck all don't believe reality
Take some more blue pills

Mon, 02/10/2014 - 21:17 | 4422106 Mister Kitty
Mister Kitty's picture

There's no future with gold.  You'd be better off with cat food and ammo.  Bitches.

Mon, 02/10/2014 - 21:25 | 4422123 SafelyGraze
SafelyGraze's picture

these informations about gold are mistake because the tapers makes less dollars growth, like sequesters, and makes the dollars more value, not the gold, because gold is not announce taper

Mon, 02/10/2014 - 21:27 | 4422136 dryam
dryam's picture

Why isn't the headline "USD closes at 3-month lows"?

Tue, 02/11/2014 - 03:37 | 4423047 Gief Gold Plox
Gief Gold Plox's picture

Cause all the other fiat is crashing even faster :-P

Mon, 02/10/2014 - 22:20 | 4422351 Handful of Dust
Handful of Dust's picture

Time for MSM to bash gold harder ... and pump housing more.

Mon, 02/10/2014 - 21:54 | 4422249 Soul Glow
Soul Glow's picture

No need for ammo if all you have is kitty food.  If you have gold, however, you may need to be armed.

Tue, 02/11/2014 - 00:09 | 4422745 Wjunk
Wjunk's picture

You need the ammo to get the cats once you bait them with food. Times will come when eating cats may be high cuisine.

Tue, 02/11/2014 - 00:31 | 4422801 Soul Glow
Soul Glow's picture

Cats are for hunting mice, not for eating.

Tue, 02/11/2014 - 02:43 | 4423003 StychoKiller
StychoKiller's picture

Mister Kitty might like cat food, but I'll take canned ham and rice/beanz! :>D

Mon, 02/10/2014 - 22:47 | 4422469 manofthenorth
manofthenorth's picture

I see Gold is $1285 and headed up. It makes a miner smile. As a Gold miner I realize that it IS money. No problem selling every ounce produced. Selling nuggets for double spot on Ebay gives me much cofidence to appreciate that spot price is becoming increasingly meaningless. There are NO arguments to support lower Gold prices in the real world. That being said I am an ultra-uber Silver Bug. I sell all my Gold I produce to buy Silver. Silver is in a class all its own. 

Tue, 02/11/2014 - 01:39 | 4422927 LostPolarBear
LostPolarBear's picture

Why do you prefer silver to gold?

 

 

Wed, 02/12/2014 - 13:07 | 4428329 manofthenorth
manofthenorth's picture

The fact that most Silver is consumed is the biggest reason. Also the Gold Silver ratio is crazy at 70 to 1. It is produced at a ratio of closer to 9 to 1. Almost all the Gold produced is hoarded while most of the Silver produced is consumed in non-recycleable quantities that is to say it virtually disappears. As a miner I do not see Gold as overvalued so I have to assume that Silver is VERY undervalued. Silver really is in a class of it's own.

IF IT CAN NOT BE GROWN IT MUST BE MINED !!!!

KEEP STACKING

Tue, 02/11/2014 - 03:40 | 4423049 SilverSavant
SilverSavant's picture

I want some names, numbers and addresses.   Who for?   For whomever is always there to sell sell sell everytime gold and silver go vertical.   Really, I want to know the name or names of just who is doing the selling.   Not the name of the company, we already know that, I want the name of the person, so that I can meet that person on the street or at a party, or at a funeral. I want to know just who is the immoral son of a bitch that has caused me and mine so much heartache.   There is a wife who has depression, a husband sufferring with a depressed wife, many husbands getting asked those lovely questions about why the silver price is down.   Really, somebody knows the names.   Somebody knows somebody who knows.   I want those names.   I will pay for those names.   The time is long past when the world should know these names.  Then we should know the trail of names up the ladder to Jamie and Obozo's boss.  It is time to publish these names.   Let's take some real action and find the roots.   Let's find the taproot.  Let's find out where that taproot drinks it's water. 

Tue, 02/11/2014 - 00:59 | 4422866 Exponere Mendaces
Exponere Mendaces's picture

Wow, a whole 3.75% for gold since November 15th, 2013? Couple that with inflation and you've got a nice negative return there.

Maybe you can supplant that meager return with some MyRA's as well to make a real nice negative shit sandwich.

Tue, 02/11/2014 - 01:47 | 4422933 akak
akak's picture

Yes indeed, only the ultra-short-term picture, timeframe and perspective is of any value.

That is why history is totally irrelevant.  And boring, too.

Not like bitcoin!

Tue, 02/11/2014 - 09:14 | 4423344 Agstacker
Agstacker's picture

Buy moar stawks asshole!

Mon, 02/10/2014 - 20:32 | 4421952 CvlDobd
CvlDobd's picture

I'm scared to discuss miners for fear of a smackdown.

Mon, 02/10/2014 - 22:10 | 4422320 Spitzer
Spitzer's picture

Me too... I want to take the buy high sell higher approach with gold stocks this time. They are up enough to interest me a bit...

 

But come 8:30 tomorrow , BOOM

Tue, 02/11/2014 - 12:53 | 4424061 CvlDobd
CvlDobd's picture

From a chart perspective the 150 ma was support during the run up in gold since 2009, once under it's been an uphill battle. Gold is at that MA today and the miners are lloking to get over their 200 for the first time in a long time. Important close we have on our hands today.

Mon, 02/10/2014 - 20:36 | 4421954 NoDebt
NoDebt's picture

Houston (via the Marriner Eccles building), we have a problem.  We're losing yaw control.  Please send help.  No, the other Kevin, not Kevin Federline.

Mon, 02/10/2014 - 23:16 | 4422590 BTFDemocracy
BTFDemocracy's picture

Do you want Bacon?

Mon, 02/10/2014 - 20:35 | 4421962 SilverIsMoney
SilverIsMoney's picture
Best Asset Since Taper

 

but....but...but....the TV said that it was gonna.....!!!!

Mon, 02/10/2014 - 20:43 | 4422004 Mr Pink
Mr Pink's picture

So when they untaper gold will go down? Makes perfect sense to me

Mon, 02/10/2014 - 21:04 | 4422073 fijisailor
fijisailor's picture

When they untaper they have a lot more freshly created virtual dollars to throw at suppressing with naked shorts.

Mon, 02/10/2014 - 22:37 | 4422386 Soul Glow
Soul Glow's picture

Remember, life is a realism.  There is a truth in life.  There exists an existensiality, a breath of the vapors, but there is a third dimension, and unless you have hightened your inner guru, you - as well as the majority of people - you are living in the world of hard truth.

Sure, truth can be manipulated.  It can be lied about and covered over.  Yet every beginning has an end, and the end comes - maybe not when people expect it - but it comes.

The Federal Reserve Bank of New York has manipulated dollar assets since 1913 - for 100 years!  They have done as they have seen fit - they use a psuedo-science to promote their math - they hire people from the credited institutions to push their theories.  Yet remember, these theories are no more sound than any other science.

Which philosopher has right?  Which is correct, quantum mechanics or string theory?  How accurate is archeology really - they didn't get the date on the Sphinx right until a decade ago and they were thousands of years off.  Political science?  I mean, political science??

And when we have McCain, Rodham-Clinton, Obama, running around trying to dictate our policy, what does that really say about where things are headed?

Obviously our creative minds - or lack thereof in the sense that real creativity does not manipulate but illuminates - are about to run into the wall of truth.  Truth is, paper means nothing.  Paper is as good as the tree it came from (no direspect to trees).  WHen it comes to money, it is precious metal - it is real.  Maybe there are people out there who don't want money, and good for them.  Let them rove, let them wander - but remember, at the end of the day, there are people out there that want money - they are tied to their future.  And those people will find gold the best resource there is to sustain their hopes and fears.

Mon, 02/10/2014 - 23:16 | 4422600 fijisailor
fijisailor's picture

Some people DEMAND that their labor's wealth be preserved and even passed on to future generations.

Mon, 02/10/2014 - 20:33 | 4421964 gwar5
gwar5's picture

Breaking Bad

 

Germany better their gold back before the FED paper settles them.

Mon, 02/10/2014 - 22:28 | 4422393 Soul Glow
Soul Glow's picture

Germany's gold is gone.  All gone.

Mon, 02/10/2014 - 20:39 | 4421967 superflex
superflex's picture

.

Mon, 02/10/2014 - 20:35 | 4421970 fonzannoon
fonzannoon's picture

Silver is clinging on to $20 by the bones in it's fingers. The skin and nails have already ripped off. $20....freaking amazing. 

Mon, 02/10/2014 - 20:39 | 4421978 NoDebt
NoDebt's picture

Skin and nails are overrated anyway.

Mon, 02/10/2014 - 22:35 | 4422412 Soul Glow
Soul Glow's picture

Silver is bouncing off of an obvious support level - $20.  Oil is being kept at $100/b, the dollar is being floated in the middle of its long term range, and silver is a twenty.  And the twenty is the bill of today.

Think about how a $20 bill will buy what you need when you want it.  Put one in your bill fold and you can get a great lunch, a nice dinner.  You could go to a movie, do this or that.  That is what silver does - it will solve your momentary needs.

Buy silver.

Tue, 02/11/2014 - 03:42 | 4423053 SilverSavant
SilverSavant's picture

I want some names, numbers and addresses.   Who for?   For whomever is always there to sell sell sell everytime gold and silver go vertical.   Really, I want to know the name or names of just who is doing the selling.   Not the name of the company, we already know that, I want the name of the person, so that I can meet that person on the street or at a party, or at a funeral. I want to know just who is the immoral son of a bitch that has caused me and mine so much heartache.   There is a wife who has depression, a husband sufferring with a depressed wife, many husbands getting asked those lovely questions about why the silver price is down.   Really, somebody knows the names.   Somebody knows somebody who knows.   I want those names.   I will pay for those names.   The time is long past when the world should know these names.  Then we should know the trail of names up the ladder to Jamie and Obozo's boss.  It is time to publish these names.   Let's take some real action and find the roots.   Let's find the taproot.  Let's find out where that taproot drinks it's water. 

Mon, 02/10/2014 - 20:42 | 4421998 Greenskeeper_Carl
Greenskeeper_Carl's picture

Ya it's pretty amazing. I should have my tax return in a couple days, so if kinda like it to stay around here. The old conundrum. I want it to go up because I'd really like to be back in the green on my miners, but going up a lot means I can't buy as much physical. Whatever. Ill believe this is going somewhere when it breaks above 22 or 23, and gold hits 1400 or so. I still expect a smack down tomorrow. Or the venerable overnight smack down with almost no volume.

Tue, 02/11/2014 - 09:14 | 4423352 Agstacker
Agstacker's picture

From it's previous highs I've been salivating at silver around $20 and stacking as much as I can, beats the living hell out of a savings account at the bank.

Mon, 02/10/2014 - 20:42 | 4421992 Cacete de Ouro
Cacete de Ouro's picture

It would be interesting to see how the gold price would act if for two weeks:

- there was no one manning the BIS fx and gold trading desks in Basle and Hong Kong

- There were none of Michael Cross's minions manning the gold desk in the Bank of England

- There was no one in the FRBNY plunge room in NY manning the desk

- there was a 2 week Comex/Nymex holiday

- The Five Fixers fucked off for 2 weeks (SocGen, Barcap, Deutsche, HSBC and Scotia)

- The ECB market supervisor bureaucrats beat it for 2 weeks

- The Banque de France gold trading desk takes a walk by the Seine for 2 weeks

 

Come back to me when that all happens and I will gladly look at the price in real time for two weeks nonstop

 

 

Mon, 02/10/2014 - 20:49 | 4422014 Cognitive Dissonance
Cognitive Dissonance's picture

There will never be a time when Gold is not manipulated. It is simply too precious to those who want it and too dangerous to those who attempt to usurp it's natural power.

There will however be times when that manipulation is more or less effective. I suspect we are nearing a time when the manipulation will be less effective.

Mon, 02/10/2014 - 21:37 | 4422177 disabledvet
disabledvet's picture

again...BULLSHITSKI.

http://www.reuters.com/article/2014/01/24/us-energy-propane-shortage-idU...
http://www.reuters.com/article/2014/02/04/markets-nymex-natgas-idUSL2N0L...

http://seekingalpha.com/article/765621-dont-touch-gaz-to-invest-in-red-h...
this has been by far and away the best performer since taper.
the commodity itself is up over 250% in just two years...it is massively in demand and the Federal Government has forced an energy operator to "switch the flow" to keep a large number of people from freezing to death.
http://www.brecorder.com/fuel-a-energy/193/1152458/

Can't wait for the export ban to be lifted of course.
Interestingly one reason for the huge trade deficit numbers of the past quarter are massive imports of energy into "energy rich America."

Mon, 02/10/2014 - 22:42 | 4422452 Soul Glow
Soul Glow's picture

There are markets outside of markets.

The institution calls them black, what do you call them?

A buyer will always find a seller, it just doesn't work both ways.

Tue, 02/11/2014 - 00:20 | 4422774 Boxed Merlot
Boxed Merlot's picture

The institution calls them black, what do you call them?...

 

 

I suspect even my local GM / Tesla dealer would accept a pocketful of gold coins for a new ride.

Tue, 02/11/2014 - 03:41 | 4423055 SilverSavant
SilverSavant's picture

I want some names, numbers and addresses.   Who for?   For whomever is always there to sell sell sell everytime gold and silver go vertical.   Really, I want to know the name or names of just who is doing the selling.   Not the name of the company, we already know that, I want the name of the person, so that I can meet that person on the street or at a party, or at a funeral. I want to know just who is the immoral son of a bitch that has caused me and mine so much heartache.   There is a wife who has depression, a husband sufferring with a depressed wife, many husbands getting asked those lovely questions about why the silver price is down.   Really, somebody knows the names.   Somebody knows somebody who knows.   I want those names.   I will pay for those names.   The time is long past when the world should know these names.  Then we should know the trail of names up the ladder to Jamie and Obozo's boss.  It is time to publish these names.   Let's take some real action and find the roots.   Let's find the taproot.  Let's find out where that taproot drinks it's water. 

Mon, 02/10/2014 - 22:19 | 4422350 Spitzer
Spitzer's picture

@ Cacete de Ouro

Good post

But you would think by now, that the underlying physical demand from small and big buyers alike, would eventually break the paper market . At least by now. Whats a thousand tons here and there ? A hell of a lot is what... Yet the market keeps on going. There seems to be an endless supply of physical ...

 

Tue, 02/11/2014 - 11:34 | 4423785 Cacete de Ouro
Cacete de Ouro's picture

There are physical pools out there that the central banks have got control of - Ask Antkowiak

Mon, 02/10/2014 - 20:42 | 4421995 Meat Hammer
Meat Hammer's picture

But you can't eat it!  See, I can eat an FRN.

Mon, 02/10/2014 - 22:04 | 4422282 Pool Shark
Pool Shark's picture

 

 

For an encore, can you eat a Bitcoin?

 

Tue, 02/11/2014 - 01:48 | 4422943 akak
akak's picture

Yes you can, but they taste terrible --- like Foneystar's taint.

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