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Gold Breaks Above $1,300
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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Three taps at $1300? First one rejected.
Silver needs to break $20.50 and is already @ $20.40
Ready for the overnight smack down WWE style, then BUY BUY BUY!
Forsooth!
Be this what manifests when Goldilocks and the Morgue are net long the shiny, my fair fellows!
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.
There are better targets than Tylers for your rage sir. Why not go post on Bloomberg and Reuters?
There is no better target sir
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.
GO YOU SHINY BITCH, GO!
Preserving wealth.
Now there is a statement.
How would you measure 'wealth'?
Personally, I measure it against my ability to purchase basic commodaties such as oil, gasoline, productive land, food, etc.
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.
I am certain this is Jamie Dimon on ZH lol
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
Do somethig hat costs more than what is returned? Excellent su I will type an informative reply gving more informa than letters ty
I do have to agree with him that food is good. It's a generalization but it's tough to argue with.
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 like? Reverse 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.
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
So is the utter collapse of the USD that we are seeing currently, its super bullish for equities and metals.
You clearly have never tasted my wife's cooking!
u mad bro?
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.
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.
go eat your dad's pussy and suck your mom's dick mother fucker
Why is zero hedge being sent the second string trolls these days? They used to be so much better.
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.
Why can't you spell "indentured"?
Why can you spell it?
Why can you spell it?
Nice double post you moron.
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.
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 !).
GOFO rates still negative...
Hey, I'm old school. WWF Stacking.
That's what I predict too. Once the markets close gold will be sold. A late Friday buy might be best.
I don't care whether silver leads or follows but I look forward to the beatings subsiding.
The beatings will continue until morale improves...or until people are forced back into stawks & bondages!
Silver will follow, but finishes first.
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
A little bit of relief finally ? Hammer time or Hammock time ?
spot didnt hit 1300, look how takeprofits will bring it down
spot finally above 1300 :)
three months; that the time horizon of current capitalism.
MOMOs work on 5 months.
Dubious hypothesis.
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
No POMO Hammer today, but there's always the PM fix
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.
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.
Damn it, come on smackdown!
the smackdowns will continue until morale improves
<-- Gold $2000/oz by June 1st
<-- Martial law and Prozac zombies in the streets by June 1st
April futures came up 30 cents short so far. 1300 is just an arbitrary # anyway.
Any "round hundred" is important psychologically, going either direction.
Breaking $1300. It's deja vu all over again.
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..
"...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."
http://www.ingoldwetrust.ch/january-chinese-gold-demand-all-time-record-...
+100
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."
http://www.thestar.com.my/News/Nation/2014/02/13/Crime-Gold-bars-Flight/
"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.
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.
Get phyz or get debased.
Get virtual and go to the moon!
I'll give you credit for one thing - you are unwavering, unnerved, dead-set determined
to lose all of your wealth
Hardly..... fonestar has been dollar cost averaging since $16 BTC. Sold all of his silver and went into Bitcoin at around $1100.
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
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????!!!!
Hey Kito - Can I sign up for your newsletter? /s
Bluehorshoe loves Anacott steel. Fonestar loves living in mommy's basement.
At least you admit your mistakes.
"I'll give you credit for one thing - you are unwavering, unnerved, dead-set determined"
Yeah, so was Philip Seymour Hoffman
and Layne Staley too!
I'd say something about "dumber than a box of rocks" here, but I'd be insulting both the box and the rocks!
fonestar figures he should be able to buy 2, 3, 4x the amount of silver soon with his Bitcoins.
how much will you buy when silver is $30 and btc is unchanged, or when silver is 40 and btc unchanged
What you are talking about is a virtual impossibility.
Kind of like "virtual PMs". Good luck with that.
Thanks. It's been working great so far.
Better sell now Phonesex
BTC is $613 and falling fast.
Only IF, WHEN & HOW Mt. Gox of whatever exchange decides that they feel like honoring transactions into fiat or bullion that is...
As I have said in the past.
I admire you for your passion and conviction.
Hard core chief!
fonestar do what virtual man gotta do.
so you're a bot
fonestar is a virtual man's man.
so a manga hipster
Ha, we'll be the judge of that!
A man's man has no need of touting his manliness...
DaddyO
fonestar is a turd molester.
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.
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.
i'm still waiting for my Tamagochi shares to recover
You didn't sell yet?
Bitcoin at $483 and heading lower.
LOL
Bitcoin $621 moron.
https://btc-e.com/
You didn't sell any at $1240... who's the moron?
http://bitcoin.clarkmoody.com/widget/chart/
Who are the morons?
The people who sold at the "all time highs" of $30, $266, $1100..... (and counting).
Get phyz or get debased.
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.
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.
Bummer, I sold all mines because they said it was in a bear market. Oh well I still got my stocks!!
Hey its valentine.
$1800 or bust. Are we there yet?
almost... insert MOAR COINS
Winning!
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?
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.
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.......
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.
paper smackdown in 3...2...1...
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.
the Ezra Pound meme still makes zero sense.
Don't like that Silver is not confirming. Not going to chase this one. And thanks for asking, I only buy physical.
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 :))
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.
wishfull thinking, who will sell you a generator... or flour? you will be racing to get that loaf from ME
Skip the bread machine. Get a large pizza stone and this book. Downside is, I gained 15lbs when I did this.
Bread makes me sick.
Skip the glutens and carbs, go all primal.
Rabbits and chickens and deer, oh my!
a man can starve eating rabbits....
(Robin Hobb... i thnk)
Glutens & carbs are food to me, they make me strong, not sick.
Sorry for your inherently weaker genome.
Best of luck to you.
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?
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.
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
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.
I got like 99.9 track record of buying the tops, we should collude our signals
sounds like if all 3 of us put our heads together we could reach stolpher-level...
While silver is lagging, gold has been showing upside for a couple of mont, moreso a break above 1275 last week
http://bullandbearmash.com/chart/spot-gold-daily-continues-close-nearer-...
My reading: trend http://flic.kr/p/f17z1s 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.
I hear Yellen coming from the FED to print moar Gold Paper.
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!!
My pandas are tearing up their bamboo shoots! They are rolling thru the village!
My 100 oz. bars are emitting a low hum, somewhere around 20 Mhz.
funny comment
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.
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 !!!
G-g-g-g-old b-b-b-b-itchez!!
mafia smackdown in 3, 2, 1......
I need a dip.
mo-lester, you will get it soon, im sure
Surely we should see a sympathetic bid for Bitcoin?
They got that math thing worked out yet?
the Mt. Gox bail-in is moving along fine.
The other bitcoin exchanges are still working out the details of their bail-ins.
wait-whut?
I'm on http://goldprice.org/spot-gold.html and 1299.56 is the day high I'm seeing for spot USD gold.
Were all rich! Yust in time for Valentines day. Take the lady out somewhere nice, sure to get lucky.
all those head and shoulders must mean that gold has dandruff. lol
That's just consolodation.
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!
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.
RIGHT NOW!!!!
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.
Silver, Bitchez?
<Hulk Sad>
Classic double bottom.
Shorts gonna get their faces ripped off.
1400 EST, Au is over 1300, Ag is headed back to 20.40. Both are climbing.
Almost 1500 EST, and Ag is getting its afternoon spanking. Hopefull it won't last long.
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.
I'm buying 15% below spot. Drop me an email, I'll show you how. Greg@ logigold.com