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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...


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Thu, 02/13/2014 - 12:52 | 4432601 FieldingMellish
FieldingMellish's picture

Three taps at $1300? First one rejected.


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

Thu, 02/13/2014 - 12:56 | 4432621 camaro68ss
camaro68ss's picture

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

Thu, 02/13/2014 - 12:58 | 4432626 knukles
knukles's picture

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

Thu, 02/13/2014 - 13:18 | 4432728 foodisgood
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.

Thu, 02/13/2014 - 13:24 | 4432749 Concentrated po...
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?

Thu, 02/13/2014 - 14:05 | 4432976 foodisgood
foodisgood's picture

There is no better target sir

Thu, 02/13/2014 - 14:20 | 4433051 Keyser
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. 


Thu, 02/13/2014 - 15:09 | 4433274 Mad Mohel
Mad Mohel's picture


Thu, 02/13/2014 - 15:29 | 4433355 foodisgood
foodisgood's picture

Preserving wealth.

Now there is a statement.

How would you measure 'wealth'?

Thu, 02/13/2014 - 15:35 | 4433387 Citxmech
Citxmech's picture

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

Thu, 02/13/2014 - 16:21 | 4433565 hobopants
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.

Thu, 02/13/2014 - 17:27 | 4433855 RaiZH
RaiZH's picture

I am certain this is Jamie Dimon on ZH lol 

Thu, 02/13/2014 - 20:56 | 4434605 theliberalliberal
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

Thu, 02/13/2014 - 13:30 | 4432780 PT
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

Thu, 02/13/2014 - 13:34 | 4432815 fonzannoon
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.

Thu, 02/13/2014 - 14:27 | 4432886 Ham-bone
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???[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 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.

Thu, 02/13/2014 - 14:43 | 4433146 Ham-bone
Ham-bone's picture

btw -

in '13 ETF's / Comex provided 1000 of the 4700 tons of supply (or 21%) to meet the record 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

Thu, 02/13/2014 - 16:23 | 4433569 TheRideNeverEnds
TheRideNeverEnds's picture

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



Thu, 02/13/2014 - 16:31 | 4433606 dirtscratcher
dirtscratcher's picture

You clearly have never tasted my wife's cooking!

Thu, 02/13/2014 - 13:33 | 4432814 Haus-Targaryen
Haus-Targaryen's picture

u mad bro?  


Thu, 02/13/2014 - 13:53 | 4432852 holgerdanske
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.

Thu, 02/13/2014 - 14:06 | 4432982 Herd Redirectio...
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.

Thu, 02/13/2014 - 13:45 | 4432863 USofAzzDownWeGo
USofAzzDownWeGo's picture

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

Thu, 02/13/2014 - 19:14 | 4434259 gdogus erectus
gdogus erectus's picture

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

Thu, 02/13/2014 - 13:43 | 4432865 MeelionDollerBogus
MeelionDollerBogus's picture

Probably has nothing better to report.
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.

Thu, 02/13/2014 - 14:00 | 4432941 NoTTD
NoTTD's picture

Why can't you spell "indentured"?

Thu, 02/13/2014 - 14:14 | 4433008 foodisgood
foodisgood's picture

Why can you spell it?

Thu, 02/13/2014 - 14:24 | 4433065 foodisgood
foodisgood's picture

Why can you spell it?

Thu, 02/13/2014 - 18:00 | 4433991 Agstacker
Agstacker's picture

Nice double post you moron.

Thu, 02/13/2014 - 14:05 | 4432978 manofthenorth
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.

Thu, 02/13/2014 - 14:48 | 4433171 angel_of_joy
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 !).

Thu, 02/13/2014 - 12:56 | 4432627 semperfidelis
semperfidelis's picture

GOFO rates still negative...

Thu, 02/13/2014 - 13:31 | 4432788 Chupacabra-322
Chupacabra-322's picture

Hey, I'm old school. WWF Stacking.

Thu, 02/13/2014 - 14:06 | 4432971 midtowng
midtowng's picture

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

Thu, 02/13/2014 - 13:04 | 4432666 Canadian Dirtlump
Canadian Dirtlump's picture

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

Thu, 02/13/2014 - 13:41 | 4432842 kralizec
kralizec's picture

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

Thu, 02/13/2014 - 13:50 | 4432897 debtor of last ...
debtor of last resort's picture

Silver will follow, but finishes first.

Thu, 02/13/2014 - 14:16 | 4433040 manofthenorth
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

Thu, 02/13/2014 - 13:40 | 4432845 whatsinaname
whatsinaname's picture

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

Thu, 02/13/2014 - 14:05 | 4432602 Ulterior
Ulterior's picture

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


spot finally above 1300 :)

Thu, 02/13/2014 - 12:52 | 4432611 falak pema
falak pema's picture

three months; that the time horizon of current capitalism. 

Thu, 02/13/2014 - 12:54 | 4432615 FieldingMellish
FieldingMellish's picture

MOMOs work on 5 months.

Thu, 02/13/2014 - 12:54 | 4432616 Spastica Rex
Spastica Rex's picture

Dubious hypothesis.

Thu, 02/13/2014 - 13:12 | 4432694 Oh regional Indian
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...


Thu, 02/13/2014 - 12:53 | 4432613 superflex
superflex's picture

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

Thu, 02/13/2014 - 12:55 | 4432614 FreeMktFisherMN
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. 

Thu, 02/13/2014 - 15:09 | 4433275 eclectic syncretist
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.

Thu, 02/13/2014 - 13:12 | 4432617 balanced
balanced's picture

Damn it, come on smackdown!

Thu, 02/13/2014 - 13:19 | 4432714 semperfi
semperfi's picture

the smackdowns will continue until morale improves

Thu, 02/13/2014 - 15:13 | 4433299 Crash Overide
Crash Overide's picture

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

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

Thu, 02/13/2014 - 12:56 | 4432619 FreeMktFisherMN
FreeMktFisherMN's picture

April futures came up 30 cents short so far. 1300 is just an arbitrary # anyway. 

Thu, 02/13/2014 - 14:03 | 4432955 NoTTD
NoTTD's picture

Any "round hundred" is important psychologically, going either direction.

Thu, 02/13/2014 - 12:56 | 4432629 Ignatius
Ignatius's picture

Breaking $1300.  It's deja vu all over again.

Thu, 02/13/2014 - 12:59 | 4432631 Kasperfx
Kasperfx's picture

please ZH stop posting the rises as it seems to get dumped by the forses everytime we see these headlines, just let it brakout quietly..

Thu, 02/13/2014 - 13:04 | 4432633 Kaiser Sousa
Kaiser Sousa's picture


"...the United States intends to suppress gold to ensure the Dollar’s dominance, the fall in the price of gold was premeditated, and a part of the currency war.

...The hottest topic at the moment is oil and gold. The ground war we are seeing around the world is I think war for oil whereas gold is the currency war.

...The US owes Germany so much gold but instead of repaying immediately, it sets a 2020 deadline to return the gold. From this example and process as well as some typical factors, this is a downright currency war to maintain the US Dollar hegemony by defeating all other currencies.

...Gold now suffers from a ‘smokescreen’ designed by the US, which stores 74% of global official gold reserves, to put down other currencies and maintain the US Dollar hegemony. Going to the source, the rise of the US dollar and British pound, and later the euro currency, from a single country currency to a global or regional currency was supported by their huge gold reserves.

...In the global financial crisis, countries in the world political and economic game, we once again clearly see that gold reserves have an important function for financial stability and are an ‘anchor’ for national economic security.

...We need to establish a more clear national gold strategy, continue to grow gold reserves and progressively become a ‘gold-reserve’ nation that is commensurate with the country’s economic strength.

...To fundamentally solve these problems, the state will need to elevate gold to an equal strategic resource as oil and energy.

...In addition, because individual investment demand is an important component of China’s gold reserve system, we should encourage individual investment demand for gold. Practice shows that gold possession by citizens is an effective supplement to national reserves and is very important to national financial security."

Thu, 02/13/2014 - 13:23 | 4432741 gmrpeabody
gmrpeabody's picture


Thu, 02/13/2014 - 13:27 | 4432760 Kaiser Sousa
Kaiser Sousa's picture

KUALA LUMPUR: "An Indian budget airline flight from Singapore carrying 145 people was forced to make an emergency landing at the Kuala Lumpur International Airport (KLIA) at 7.30am Thursday, after a crew member found a package in the plane's toilet.

However, a Fire and Rescue team, which inspected the package after the IndiGo aircraft landed, found that it contained just three gold bars, weighing less than 1kg. Selangor Fire and Rescue operations assistant director Mohd Sani Harul confirmed this and the airline made the decision to land  due to safety concerns.

He said the crew suspected the package contained chemicals.The plane took off from Singapore and was bound for Chennai. Upon landing here, the passengers were evacuated while a team of Fire and Rescue officers dressed in hazmat suits were sent in to inspect the toilet. "It was not chemicals. It was bars of gold stashed inside paper wrappings. It was a very weird find."

Thu, 02/13/2014 - 13:33 | 4432810 TPTB_r_TBTF
TPTB_r_TBTF's picture

"not chemicals?"  When I was in school,

my chemistry teacher claimed that Gold is a chemical element with the symbol Au and atomic number 79.

Thu, 02/13/2014 - 20:12 | 4433303 JuliaS
JuliaS's picture

All of the numbers regarding gold are empty guesses. Nobody knows who has what. Nobody knows how much physiclal changes hand, and how much of the movement is a paper illusion.

Decoupling theories also go in exact opposite directions. Some thing the loss interest in paper will boost interest in the real thing. Others think that those who speculate wouldn't even be in the market if it required delivery, much like with oil and other hot commodities.

Oil breaks 1300, but oil also breaks 100. The 2 graph's been correlating more and more often after the yellow metal lost its footing at 1900, which means they're both, very likely, are traded as a commodity. Central banks printing lilke crazy? Well, it's not like they took a breather after the 1900. They did print and they will print. Meanwhile gold will bounce around both ways.

China's buying gold? Well, aren't they supposed to be broke? Aren't all the numbers coming from China supposedly lies and exaggerations?

Who holds what and which way is it flowing? Nobody knows for sure. All I see is that oil's been trading like gold and gold's been trading like oil, which means they're probably taking up an equal share in an investor's hedge basket.

I still like PM's. Still trade them. Without volatility there'd be no potential to profit, so I'm happy regardless. The value of gold won't go to zero, and nether will that of the oil, so I'd rather be holding some of them, than a lot of funny paper, or imaginary numbers on a hard drive, if you know what I mean.

Thu, 02/13/2014 - 12:57 | 4432639 GrinandBearit
GrinandBearit's picture

Get phyz or get debased.

Thu, 02/13/2014 - 13:07 | 4432669 fonestar
fonestar's picture

Get virtual and go to the moon!

Thu, 02/13/2014 - 13:18 | 4432711 semperfi
semperfi's picture

I'll give you credit for one thing - you are unwavering, unnerved, dead-set determined




to lose all of your wealth

Thu, 02/13/2014 - 13:18 | 4432715 fonestar
fonestar's picture

Hardly..... fonestar has been dollar cost averaging since $16 BTC.  Sold all of his silver and went into Bitcoin at around $1100.

Thu, 02/13/2014 - 13:35 | 4432825 semperfi
semperfi's picture

well good luck - I hate to see anyone get raped by the criminal banksters so I understand the cryptocurrency thing - but if you can't hold it in your hand then the criminal banksters can take it from you any time they please

Thu, 02/13/2014 - 13:37 | 4432831 kito
kito's picture

yeah man and i cashed out of my internet stocks in 1999 right before the internet bubble burst. then i moved into precious metals shortly after that and loaded up on real estate. i bought into silver at 4 and gold at 400. then when silver hit 49 i knew it was time to sell. i also sold off gold at 1900. and in 2006 i unloaded my entire real estate portfolio to some sucker right before the crash. hey fonestar you and me, we can really call the markets perfectly eh????!!!!

Thu, 02/13/2014 - 18:03 | 4434005 cro_maat
cro_maat's picture

Hey Kito - Can I sign up for your newsletter? /s

Thu, 02/13/2014 - 13:44 | 4432857 MeelionDollerBogus
MeelionDollerBogus's picture

Bluehorshoe loves Anacott steel. Fonestar loves living in mommy's basement.

Thu, 02/13/2014 - 15:13 | 4433291 GrinandBearit
GrinandBearit's picture

At least you admit your mistakes.

Thu, 02/13/2014 - 13:26 | 4432774 rubiconsolutions
rubiconsolutions's picture

"I'll give you credit for one thing - you are unwavering, unnerved, dead-set determined"

Yeah, so was Philip Seymour Hoffman

Thu, 02/13/2014 - 13:49 | 4432890 fonestar
fonestar's picture

and Layne Staley too!

Thu, 02/13/2014 - 13:34 | 4432817 Jonas Parker
Jonas Parker's picture

I'd say something about "dumber than a box of rocks" here, but I'd be insulting both the box and the rocks!

Thu, 02/13/2014 - 13:39 | 4432837 fonestar
fonestar's picture

fonestar figures he should be able to buy 2, 3, 4x the amount of silver soon with his Bitcoins.

Thu, 02/13/2014 - 13:47 | 4432870 dogbreath
dogbreath's picture

how much will you buy when silver is $30 and btc is unchanged,  or when silver is 40 and btc unchanged

Thu, 02/13/2014 - 13:48 | 4432887 fonestar
fonestar's picture

What you are talking about is a virtual impossibility.

Thu, 02/13/2014 - 13:51 | 4432908 LawsofPhysics
LawsofPhysics's picture

Kind of like "virtual PMs".  Good luck with that.

Thu, 02/13/2014 - 13:56 | 4432934 fonestar
fonestar's picture

Thanks.  It's been working great so far.

Thu, 02/13/2014 - 16:12 | 4433512 superflex
superflex's picture

Better sell now Phonesex

BTC is $613 and falling fast.


Thu, 02/13/2014 - 14:54 | 4433207 ThroxxOfVron
ThroxxOfVron's picture

Only IF, WHEN & HOW Mt. Gox of whatever exchange decides that they feel like honoring transactions into fiat or bullion that is...

Thu, 02/13/2014 - 13:24 | 4432747 forwardho
forwardho's picture

As I have said in the past.

I admire you for your passion and conviction.

Hard core chief!

Thu, 02/13/2014 - 13:25 | 4432761 fonestar
fonestar's picture

fonestar do what virtual man gotta do.

Thu, 02/13/2014 - 13:29 | 4432787 TPTB_r_TBTF
TPTB_r_TBTF's picture

so you're a bot

Thu, 02/13/2014 - 13:33 | 4432802 fonestar
fonestar's picture

fonestar is a virtual man's man.

Thu, 02/13/2014 - 13:48 | 4432874 dogbreath
dogbreath's picture

so a manga hipster

Thu, 02/13/2014 - 13:50 | 4432895 DaddyO
DaddyO's picture

Ha, we'll be the judge of that!

A man's man has no need of touting his manliness...


Thu, 02/13/2014 - 15:15 | 4433298 eclectic syncretist
eclectic syncretist's picture

fonestar is a turd molester.

Thu, 02/13/2014 - 13:36 | 4432818 Yardfarmer
Yardfarmer's picture

obviously you took that flight long ago. the problem is gettin' back. good luck with that, kid. you are a kid, right? because no mature thinking adult in his right mind would entertain the kind of unidimensional myopic wish fulfillment that you've displayed on this board. 

Thu, 02/13/2014 - 14:13 | 4432918 fonestar
fonestar's picture

Is that like those "mature thinking adults" who missed out on:

vehicles, personal computers, email, broadband internet, transistor technology, radio, telephones, cell phones, powered flight, etc, etc, etc?

Because all of those turned out to be major flops too just like they said they would.

Thu, 02/13/2014 - 20:58 | 4434610 theliberalliberal
theliberalliberal's picture

i'm still waiting for my Tamagochi shares to recover

Thu, 02/13/2014 - 13:44 | 4432866 GrinandBearit
GrinandBearit's picture

You didn't sell yet?

Bitcoin at $483 and heading lower.


Thu, 02/13/2014 - 13:47 | 4432885 fonestar
fonestar's picture

Bitcoin $621 moron.

Thu, 02/13/2014 - 13:55 | 4432901 GrinandBearit
GrinandBearit's picture

You didn't sell any at $1240... who's the moron?

Thu, 02/13/2014 - 13:56 | 4432925 fonestar
fonestar's picture

Who are the morons? 

The people who sold at the "all time highs" of $30, $266, $1100..... (and counting).

Thu, 02/13/2014 - 14:01 | 4432956 GrinandBearit
GrinandBearit's picture

Get phyz or get debased.

Thu, 02/13/2014 - 15:17 | 4433307 eclectic syncretist
eclectic syncretist's picture

That's funny.  Your link says $608, 2% less than what you were worth an hour and a half ago.  You better right the ship soon sonny.

Thu, 02/13/2014 - 21:00 | 4434622 theliberalliberal
theliberalliberal's picture

no-one know fonestar's buy price.


he might have got in at $0.01


billionaire / trillionare


tomayto / tomarto


if he has made enough to sit and read ZH all day maybe he is on a boat with bitchez to the left and right snoop dogg (lion) style.


we will have to judge by his comments when its back to his buy price.


i'm guessing he got in a $10 so hence his smugness.

Thu, 02/13/2014 - 12:59 | 4432641 Obama_4_Dictator
Obama_4_Dictator's picture

Bummer, I sold all mines because they said it was in a bear market.  Oh well I still got my stocks!!

Thu, 02/13/2014 - 13:01 | 4432647 starman
starman's picture

Hey its valentine. 

Thu, 02/13/2014 - 13:02 | 4432652 Kirk2NCC1701
Kirk2NCC1701's picture

$1800 or bust.  Are we there yet?

Thu, 02/13/2014 - 13:04 | 4432661 Ulterior
Ulterior's picture

almost... insert MOAR COINS

Thu, 02/13/2014 - 13:41 | 4432854 MeelionDollerBogus
Thu, 02/13/2014 - 13:41 | 4432853 MeelionDollerBogus
MeelionDollerBogus's picture

What makes 1800 so important to the market? Or to you?
I'd think a lower purchase cost is better. The end-game is far above 7000 so why rush it?

Thu, 02/13/2014 - 14:23 | 4433064 Kirk2NCC1701
Kirk2NCC1701's picture

1800 is simply the last High, and thus a benchmark.  If it breaks through that, it means that gold has greater confidence than fiat USDs, and that the "beatings" have stopped.

If it stays "range-bound", it means it's a Sideways market, a "commodity game" -- like any other -- and not a currency war on the dollar.  Big difference.

I'm not interested in PM as a "commodity", but as a fiat-Dollar killer.  After 4+ years of "The End is Near" on ZH, maybe I'm just less patient than some.

Thu, 02/13/2014 - 21:06 | 4434634 theliberalliberal
theliberalliberal's picture

as i have posted before.  you are not the only one sick of seeing the roulette ball go around and around the wheel.

hurry up and drop (for good or bad of us ZH's i dont care.  just hurry up)

i am starting to run out of things to talk to the wife about.......

Fri, 02/14/2014 - 07:01 | 4435809 MeelionDollerBogus
MeelionDollerBogus's picture

then maybe you don't understand. The time-frame doesn't matter, only the cost of acquisition. No feelings should be involved at all: this is a math problem, not a social-science.

Thu, 02/13/2014 - 13:01 | 4432654 jomama
jomama's picture

paper smackdown in 3...2...1...

Thu, 02/13/2014 - 14:20 | 4433049 fonestar
fonestar's picture



Trollin' Trollin' Trollin'

Keep postin', postin', postin',
Though they're disapprovin',
Keep them doge movin' Bithide!
Don't try to understand 'em,
Just rope and throw and grab 'em,
Soon we'll be hitting all time highs.
Boy my heart's calculatin'
My coins will be waitin', be waiting at the end of my ride.

Thu, 02/13/2014 - 15:28 | 4433353 jomama
jomama's picture

the Ezra Pound meme still makes zero sense.

Thu, 02/13/2014 - 13:04 | 4432660 I Am Not a Copp...
I Am Not a Copper Top's picture

Don't like that Silver is not confirming.  Not going to chase this one.  And thanks for asking, I only buy physical.

Thu, 02/13/2014 - 13:04 | 4432665 Ulterior
Ulterior's picture

it will be heart breaking to pay for milk in bread with these coins, maybe 5-10 for a loaf, if anybody will be interested at all :))

Thu, 02/13/2014 - 13:26 | 4432755 MeelionDollerBogus
MeelionDollerBogus's picture

don't pay for bread: pay for a generator, flour & a bread-maker.

You'll feel a lot better about it then. You'll get so much more.

Thu, 02/13/2014 - 13:31 | 4432791 Ulterior
Ulterior's picture

wishfull thinking, who will sell you a generator... or flour? you will be racing to get that loaf from ME

Thu, 02/13/2014 - 13:34 | 4432821 seek
seek's picture

Skip the bread machine. Get a large pizza stone and this book. Downside is, I gained 15lbs when I did this.

Thu, 02/13/2014 - 14:26 | 4433079 Conax
Conax's picture

Bread makes me sick.

Skip the glutens and carbs, go all primal. 

Rabbits and chickens and deer, oh my! 


Thu, 02/13/2014 - 21:06 | 4434640 theliberalliberal
theliberalliberal's picture

a man can starve eating rabbits....

(Robin Hobb... i thnk)

Fri, 02/14/2014 - 07:00 | 4435810 MeelionDollerBogus
MeelionDollerBogus's picture

Glutens & carbs are food to me, they make me strong, not sick.

Sorry for your inherently weaker genome.

Best of luck to you.

Thu, 02/13/2014 - 13:06 | 4432668 LordAarioc
LordAarioc's picture

I sold all my gold at the high and have one single Mexican Centenario left that I bought at $1200. Maybe I should start buying lots again?

Thu, 02/13/2014 - 13:12 | 4432689 mayhem_korner
mayhem_korner's picture



Buy and sell GLD all you want.  I possess gold.  Never sold an ounce, and have no idea what it means to have a weighted average $cost that includes a comma.

Thu, 02/13/2014 - 13:05 | 4432670 Greenskeeper_Carl
Greenskeeper_Carl's picture

this is the first time that i can remember making a big purchase and not watch gold/silver get the monkeyhammer the next day. I still feel like it will come tomorrow. Can't have gold finish the week up this much with a holiday on monday

Thu, 02/13/2014 - 13:10 | 4432690 philosophers bone
philosophers bone's picture

Carl, FYI the PM smackdown does not follow your purchases, it follows mine.  So I'll let you know when I'm buying so you have a heads up.

Thu, 02/13/2014 - 13:30 | 4432800 Ulterior
Ulterior's picture

I got like 99.9 track record of buying the tops, we should collude our signals

Thu, 02/13/2014 - 15:16 | 4433302 Greenskeeper_Carl
Greenskeeper_Carl's picture

sounds like if all 3 of us put our heads together we could reach stolpher-level...

Thu, 02/13/2014 - 13:05 | 4432673 orangegeek
orangegeek's picture

While silver is lagging, gold has been showing upside for a couple of mont, moreso a break above 1275 last week

Thu, 02/13/2014 - 13:21 | 4432745 MeelionDollerBogus
MeelionDollerBogus's picture

My reading: trend ln(silver) = gold x 3 / 2635 + 19/12
around 1.583 current reading today 1.537 , so silver could (matching this gold price) be 21.35, up another 5%, that's how far behind silver is.

Thu, 02/13/2014 - 13:08 | 4432679 Long-John-Silver
Long-John-Silver's picture

I hear Yellen coming from the FED to print moar Gold Paper.

Thu, 02/13/2014 - 13:10 | 4432687 tnquake
tnquake's picture

Dang, all of this snow caused my boat to sink... Glad I have all of those gold certificates and JPM is storing it for me!!

Thu, 02/13/2014 - 13:17 | 4432692 lakecity55
lakecity55's picture

My pandas are tearing up their bamboo shoots! They are rolling thru the village!

Thu, 02/13/2014 - 13:19 | 4432718 ebworthen
ebworthen's picture

My 100 oz. bars are emitting a low hum, somewhere around 20 Mhz.

Thu, 02/13/2014 - 13:25 | 4432759 I woke up
I woke up's picture

funny comment

Thu, 02/13/2014 - 14:23 | 4433058 lakecity55
lakecity55's picture

I read that and checked the small bullion bars from Perth. They floated upwards and thankfully were stopped by the top of the safe.
Everyone had better tie their stuff down for now, or lay some tungsten over it!

I hope that hum means your bars will be expanding thru atomic acquisition. Tomorrow they may weigh moar.

Thu, 02/13/2014 - 17:13 | 4433797 Hulk
Hulk's picture

You obviously have silver bars, as 100 oz gold bars hum (love that term, BTW!) at 20.650 Mhz and the noise is driving me crazy !!!

Thu, 02/13/2014 - 13:12 | 4432696 BiteMeBO
BiteMeBO's picture

G-g-g-g-old b-b-b-b-itchez!!

Thu, 02/13/2014 - 13:12 | 4432697 semperfi
semperfi's picture

mafia smackdown in 3, 2, 1......

Thu, 02/13/2014 - 13:14 | 4432699 Moe Howard
Moe Howard's picture

I need a dip.

Thu, 02/13/2014 - 15:18 | 4433315 Greenskeeper_Carl
Greenskeeper_Carl's picture

mo-lester, you will get it soon, im sure

Thu, 02/13/2014 - 13:14 | 4432702 ebworthen
ebworthen's picture

Surely we should see a sympathetic bid for Bitcoin?

They got that math thing worked out yet?

Thu, 02/13/2014 - 13:28 | 4432762 TPTB_r_TBTF
TPTB_r_TBTF's picture

the Mt. Gox bail-in is moving along fine.


The other bitcoin exchanges are still working out the details of their bail-ins.

Thu, 02/13/2014 - 13:14 | 4432708 MeelionDollerBogus
MeelionDollerBogus's picture


I'm on and 1299.56 is the day high I'm seeing for spot USD gold.

Thu, 02/13/2014 - 13:17 | 4432709 riot-police
riot-police's picture

Were all rich! Yust in time for Valentines day. Take the lady out somewhere nice, sure to get lucky.

Thu, 02/13/2014 - 13:20 | 4432727 buzzsaw99
buzzsaw99's picture

all those head and shoulders must mean that gold has dandruff. lol

Thu, 02/13/2014 - 15:32 | 4433368 Citxmech
Citxmech's picture

That's just consolodation.

Thu, 02/13/2014 - 13:28 | 4432769 Yardfarmer
Yardfarmer's picture

well, you had your chance. now that the big money has liquidated their massive short position, offloaded firesale gold and Chase1 settling CDOs to the Chimcoms, drained the CRIMEX, loaded up on physical and positioned themselves for the nest big leg up, you won't see prices like this for a long time if ever. go out and buy some silver. right now! 

Thu, 02/13/2014 - 14:13 | 4433016 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

It was on sale last year, they got all the weak fuckers to sell. It's never too late, but expect higher prices from here.

Thu, 02/13/2014 - 13:27 | 4432775 Yardfarmer
Yardfarmer's picture


Thu, 02/13/2014 - 14:14 | 4433012 monopoly
monopoly's picture

Patience all. Just leave it alone for the next couple of years. We have all paid our dues, just could be our turn. Not trading at all. Got what I want and need to take care of my family. Just leave it all alone.

Thu, 02/13/2014 - 14:32 | 4433092 Conax
Conax's picture

Silver, Bitchez?

<Hulk Sad>

Thu, 02/13/2014 - 14:52 | 4433179 devo
devo's picture

Classic double bottom.

Shorts gonna get their faces ripped off.

Thu, 02/13/2014 - 15:04 | 4433259 lakecity55
lakecity55's picture

1400 EST, Au is over 1300, Ag is headed back to 20.40. Both are climbing.

Thu, 02/13/2014 - 16:02 | 4433470 Legolas
Legolas's picture

Almost 1500 EST, and Ag is getting its afternoon spanking.  Hopefull it won't last long.

Thu, 02/13/2014 - 15:09 | 4433273 Lionhearted
Lionhearted's picture

What I don't see anybody addressing is the cost of production. When I saw the price down at the 2010 levels I looked at the price of oil at that time. Mining is a labor and energy intesive process. Oil was cheaper in 2010 than it is today. Labor was cheaper in 2010 than it is today. Also a dollar 2 years ago was also more valueable than it is today. So when I saw that I could buy a precious metal (physical) at the price it was 2 years ago I jumped on it. I think the market is begining to have the same realization.

Here is another consideration if the value of precious metals goes below the cost of production, production stops. What happens when supply dries up? Does the value go up or down?

Fiat paper has never historically gone up in value. My biggest issue is how much of my cash to turn into hard assets. My answer lately is, as much as possible.

Thu, 02/13/2014 - 15:42 | 4433409 Car 54 Where Are U
Car 54 Where Are U's picture

I'm buying 15% below spot. Drop me an email, I'll show you how. Greg@

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