Gold Breaks Above $1,300

Tyler Durden's picture

For the first time since in over 3 months, spot gold prices are back above $1,300 and continued to be the best performing asset since the December taper and the start of the year... $1,304.70 is the crucial 200DMA that has not been tested since over a year ago.

Back above $1300 for first time since Nov 8th.

 

and is pressing the 200DMA for the first time in over a year (and retraced to 50% of the 2008-2011 swing).

 

Gold has been outperforming...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
FieldingMellish's picture

Three taps at $1300? First one rejected.

 

Silver needs to break $20.50 and is already @ $20.40

camaro68ss's picture

Ready for the overnight smack down WWE style, then BUY BUY BUY!

knukles's picture

Forsooth!
Be this what manifests when Goldilocks and the Morgue are net long the shiny, my fair fellows!

foodisgood's picture

Why do the CFR guest posting fukwits tylers ejaculate all over the world when Gold moves millimeters higher?

Why do endentured servants to interest, dividend, rent seeking and entitled income hang out here?

Cause you/we are the prey of darkness.

Not one here is ready to bear the effects of Cost and tylers is just another PR firm setting the same agenda that has plagued man and his endentured servitude to usury.

Ya fukin nagger - ask for forgiveness and go do sumt'in that Costs more than is returned.

Concentrated power has always been the enemy of liberty.'s picture

There are better targets than Tylers for your rage sir.  Why not go post on Bloomberg and Reuters?

Keyser's picture

Why denegrate those intent on preserving their wealth from the banksters and who rail against the current system of manipulation? Do you have faith in the current monetary system? If so, then perhaps it's you that should check his six. 

 

Mad Mohel's picture

GO YOU SHINY BITCH, GO!

foodisgood's picture

Preserving wealth.

Now there is a statement.

How would you measure 'wealth'?

Citxmech's picture

Personally, I measure it against my ability to purchase basic commodaties such as oil, gasoline, productive land, food, etc. 

hobopants's picture

What on earth are you babbling about? Are you a troll or just retarded? Maybe a retarded troll? You've gone full retard on tin foil if you have somehow concocted a whacky narrative suggesting this site of all places works for TPTB. Logic> Baseless paranoia.

RaiZH's picture

I am certain this is Jamie Dimon on ZH lol 

theliberalliberal's picture

Rich:  Lots of money and/or lots of stuff

 

Wealthy:  the guy who signs the rich blokes cheque.  the guy who, if he (or she) gave away all his money he earnt this year, would still have plenty of money next year

PT's picture

Do somethig hat costs more than what is returned?  Excellent su  I will type an informative reply gving more informa than letters ty

fonzannoon's picture

I do have to agree with him that food is good. It's a generalization but it's tough to argue with.

Ham-bone's picture

Monetary base "only" added $44 B (total) for 2 months of Nov ($31 B) / Dec ($13 B) after consistently adding $100 B mo for '13.  Stawks start tanking on slowdown in hyper-monetization...Correlation???

http://research.stlouisfed.org/fred2/graph/?chart_type=line&s[1][id]=AMBNS&s[1][range]=1yr

Since the taper announcement of $10 B which was applied in Jan and $20 B applied in Feb isn't even visible yet in the data set...what oh what caused this halt in the monetary base and wonder what Jan and Feb will look likeReverse Repo's taking out nearly everything that QE is putting in even b4 QE was tapered... Jan - March likely to show shrinking overall monetary base...Stawk bears (if any are still alive and have any money left) are about to be rewarded until Janet makes her "crazy Ivan" u-turn and if all changes on a dime

And since the change commodities (energy, metals, softs) all taking off...as if this is a head fake for Janet to show how critical moar and moar QE is to the "growth" of the US economy.  Janet gonna fix it all...make all the pain that bad man BB brought on main street americans of stopping hyper-monetization go away.  Janet gonna make it rain this summer.

Ham-bone's picture

btw -

in '13 ETF's / Comex provided 1000 of the 4700 tons of supply (or 21%) to meet the record demand...so far in '14 Chinese demand @ new record highs, India looking to get back in the gold biz, and now the ETF's are net buyers...GLD as the largest sold 500 tons last year but so far this year adding 10 tons...that means somewhere there is maybe a 25% delta of supply vs. demand

TheRideNeverEnds's picture

So is the utter collapse of the USD that we are seeing currently, its super bullish for equities and metals.

 

 

dirtscratcher's picture

You clearly have never tasted my wife's cooking!

holgerdanske's picture

I just buy gold coins and forget them.

I have 6000 years of history behind me.

Why should this governmental fuck up be different from all the others?

 

No, gold has stood the test of time, and will, without any doubt, do so again.

 

Don't be an unthinking serf.

Herd Redirection Committee's picture

The price of gold has been manipulated.  How much, and for how long, are the only topics for debate.  All manipulation must theoretically end, because the point of the manipulation isn't the manipulation IN ITSELF.  The manipulation occurs, i.e. selling physical gold or shorting gold futures, in order to get people to replicate the behavior, to do the manipulation FOR the manipulators.

In other words, they are trying to act 'as if' gold has decreased in value, these last 12 months.  Of course all that has happened is it has been on sale.

USofAzzDownWeGo's picture

go eat your dad's pussy and suck your mom's dick mother fucker

gdogus erectus's picture

Why is zero hedge being sent the second string trolls these days? They used to be so much better.

MeelionDollerBogus's picture

Probably has nothing better to report.
Dunno.
I do get bored of it too. I churn out math for gold & silver charts, leveraged ETF's, all day between other work-tasks so I mostly use those articles as a source of comments where REAL articles, real news or other research like the math I do (fat chance) is provided by us.

NoTTD's picture

Why can't you spell "indentured"?

manofthenorth's picture

True that in the grand scheme of things it means no more than the winner of some Olympic event of who won the Super Bowl yet these are topics that receive endless media attention and intensive following from the masses. I would offer that this is THE game and THE score to watch as it is the ultimate barometer of financial systemic confidence , globally. I think that we will soon see a time that like food or energy the notional value is not important only whether or not YOU have any. But I am just a stupid miner of a barbaric relic so what do I know .  I am grateful for the continuing education that I receive from the ZH community. Thank you one and all.

KEEP STACKING  !! Miners need the support and want to work.

angel_of_joy's picture

Maybe because Gold is money AND a mean to preserve wealth for everybody who has it, while colored printed paper is not !

And you are a miserable troll (or tool... or, most probably, both !).

semperfidelis's picture

GOFO rates still negative...

Chupacabra-322's picture

Hey, I'm old school. WWF Stacking.

midtowng's picture

That's what I predict too. Once the markets close gold will be sold. A late Friday buy might be best.

Canadian Dirtlump's picture

I don't care whether silver leads or follows but I look forward to the beatings subsiding.

kralizec's picture

The beatings will continue until morale improves...or until people are forced back into stawks & bondages!

debtor of last resort's picture

Silver will follow, but finishes first.

manofthenorth's picture

I feel the same way CD but as a producer I have learned to appreciate the value of stability above all. I will be happy if I can continue to sell the Gold I produce at a predictable price ,at a predictable profit. So far as Silver, I just want to keep adding to the stack at a predictable price. Full disclosure ; I sell ALL my Gold and BUY all the Silver I can get my hands on.

Just keep stacking , just keep stacking

whatsinaname's picture

A little bit of relief finally ? Hammer time or Hammock time ?

Ulterior's picture

spot didnt hit 1300, look how takeprofits will bring it down

 

spot finally above 1300 :)

falak pema's picture

three months; that the time horizon of current capitalism. 

Oh regional Indian's picture

Too true. Overnight markets are huge, perhaps the largest in throughput terms anyways.

Frigging SAP giving bean counters "Data" to make "agile" decisions in near real time. Division 5, Sub Section 3 (c) is using too many pencils..

Full retard...

ori

superflex's picture

No POMO Hammer today, but there's always the PM fix

FreeMktFisherMN's picture

I've noticed silver has not had quite as solid a move up considering it usually is a leveraged play on gold. Who knows if THE bottom is in but IMO just buy into selloffs here on out with this thing so absurdly beaten down as it is already. 

eclectic syncretist's picture

That sounds like a good idea.  Perhaps you've noticed this already, but some junior silver miners have moved nicely despite the modest move in silver itself.  Check out ASM, and SVM.  HL is a notable laggard at this point but up nicely today.

balanced's picture

Damn it, come on smackdown!

semperfi's picture

the smackdowns will continue until morale improves

Crash Overide's picture

<-- Gold $2000/oz by June 1st

<-- Martial law and Prozac zombies in the streets by June 1st