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Another Gold Smash, USDJPY Dash
SSDD... the overnight ramps are getting weaker and the morning monkey-hammerings of precious metals are not as aggressive but once again, for the benefit of those playing at home, USDJPY is surging in an attempt to drag stocks healthily green and prove that everything is fixed and gold is being dumped to also prove that the status quo rules and barbarous relics are a thing of the risk-strewn past.
The problem is... stocks are not behaving as they should - no ramp
But Gold's deja vu is now 6 days old...
Charts: Bloomberg
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We have to crash real money.....to save the fake.
We're doing it for the children......cause they're paying for it.
What large investment bank or government agency might be behind these smash downs? Nevermind.
Saying "I love you" is easy. But when you want to murder someone, well, that shows you really care about them. So they must have a huge crush on gold.
Look at the option calendar and you know why...
Exactly. It's the option calendar. Also the fed meeting. Yup the option calendar and the fed meeting. Also China copper crapper. Defintely the options calendar, the fed meeting and the china copper crapper story thingy. Also 4 old white guys on phones in London. It's definitely the options calender, the fed meeting, the china copper crapper story thingy and 4 old white guys on phones in London.
Oh but also...
They are doing to it crash silver and save JPM. Yeah, that's the ticket. WFC why? This can, and has, gone on for a long, long time.
Perhaps the jig is up, because silver is + .5%, and gold is about to turn green. Could this be the day?
no
Gold's trying to bounce right now...
Live Gold: http://www.pmbull.com/gold-price/
Although for a change, silver is the metal that's looking a bit stronger, with a much better bounce abvoe the last low:
Live Silver: http://www.pmbull.com/silver-price/
When can we actually get a sustained rally? This last beatdown is more, and longer than I expected.
Miners look like they've got some legs under them, possibly bottoming yesterday?
Did somebody say that miners tend to move before gold?
You have to be really careful about the miners, because after a big selloff, they'll make what SEEMS like a big bounce, but is really just a sideways consolidation move before the next leg down. The only way you can be even remotely confident that it MIGHT be a real reversal is if the move is so big you're left feeling like you missed 'a huge buying opportunity'. And even then, more often than not, after it LOOKS like the kind of a breakout that can be bought and held, it will be reversed for double-profit on the part of the market makers as all those 'buy the breakout' buyers get their asses handed to them.
Short answer is, the miners are more crooked and manipulated than street games of 3 card monte, and any moves in them should be treated as highly suspect.
yep, n spect a managed rise punctuated with with the obligatory 'fear fests' or 'phys shoppin', depending on the asset market in question, the ish is can China force the timing due to contagion, degree, and unmanageability of the situation despite JPM being in there as coach
yep:
miners move first
silver denom in pound, krona lead historically
going into most weekends historically set up "pretty" : precious ugly, Ts ugly, copper & equities hopeful
. .. till one fateful Sunday night in early Asian news
Yes!!!! (does a little happy jig around the room)
Because it's only bits of paper and cybernumbers and they can. The lust for power can make people do some stupid shit.
PS - JPM has been buying PMs lately. 5 tonnes of gold delivered to the vaults just yesterday.
It really was the 5 guys and fries that put them over the top.
Fonz, you're losing it. The real Fonz never lost it, even surfing over the shark.
Accept the current unreal reality. Let it wash over you. Watch, listen and learn. It is no use fighting the rip tide, but swimming parallel and waiting for it to pass will save you.
Peace.
Bandgap I think you are speaking to Tyler and not me. I am just repeating the narrative on here. I own gold and just continue to btfds until further notice.
When I'm old, I'll have one heavy cane.
K-Mart shoppers, we have a blue light special on gold. Please run in an orderly manner to the back door.
I hope it goes down more- got a bunch of FRN's I would like to dipose of. Any time they will give you gold for paper is a good deal.
If Gold wasn't that important...TPTB wouldn't spend so much time and money "proving it"; THAT ALONE, should be enough to tell you where you SHOULD be investing your hard-earned "currency units".
If Gold wasn't that important they wouldn't have robbed it from Iraq, Libya and most recently Ukraine
Not onlly that, it's the first thing they rob
$100 in 7 days or was it 7 countries in 5 years?
I keep getting my cartel agendas mixed up...
WOO HOO GOLD SMASH FRIDAY !!!!
I LOVE GOLD SMASH FRIDAY !!!!!!
I LOVES ME A GOLD SALE THANKS ASSHOLES KEEP EM COMING!!!!
A couple more times and I'll be able to afford the new Affordable Healthcare.....you might know it as Obamacare......hope they have the hacker problems solved by then.
Twenty-twenty-twenty four hours to go.....I want to be extended!!!
http://www.youtube.com/watch?v=N-EKcjpEIGo
No idea where home is for you but there are some decent places here in SEA, Malaysia/Singapore is alright lots of expats from all over the world and lots just across the Malay border some pretty decent housing for reasonable prices; health care is pay to play but for me is gobs cheaper than anything I've seen in the US.
I'm even thinking of getting that Politican removed from my ass......... Can't do that under Obuma-care
Cut me, i'll feel better in the morning.
>> I LOVES ME A GOLD SALE
I'm so fucking sick of hearing that god damned nonsense on here I could just puke. Does Turd know you're over here?
Good thing you weren't around over a decade ago. Gold was up a dime one day....then down a dime the next. You'd be a blithering mess by now.
I just feel fortunate to have made it out of there with just a mild case of insanity.
Turd..... where's Turd... Turd's comming... oh shit I need to take a shower......
TURD'S COMING TURD'S COMING!!! THANKS MAN I LOVE YOU !!
TURD'S COMING!!!!
Oh shit sorry man I haven't been that excited for a long time, are you sure Turd's coming by?? Anyway i share your pain but I get paid in USD so I'm sure you can see the reason for my angst, paid in USD, YELLEN running the presses, Obamba being Obamba, Kerry might open his mouth at any moment - the risks are too great gotta dump the paper for something real....... sorry if that gives you gas...
What's the problem? I'm sure any dealer would let you pay more for your gold and silver if you asked nicely.
I was OK with this when smashing gold resulted in higher stawk prices. But this whole "everything goes down" thing we've had going on lately..... nah, this isn't working for me.
Bloated stocks for gold on sale ...... sounds ok to me man. Its kind of like exchanging rubber checks for real money ......
Bankers overstaying their welcome and overplaying their hand...yet again.
Must be some sort of cultural amnesia
They only have one gear - stuck in first.
If one looks at the economy, reverse is the more likely gear.
From the Banksters point of view,it is petal to the metal. All the way over the cliff.
or maybe amnesia period. scary if you think about it. "a loss of any and all recall and recognition for what happened for a unspecified and extended period of time."
different from being "knocked unconscious" of course.
we just "lose our memory" either way though.
we know time is real. so real in fact that we know it only exists in the abstract...existing only in our "make believe" world, our mind.
Can this knowledge be manipulated to set a "price"...a number, a "fiction for our fact-ion"? well, to do so you need to have very open and free communications...with a lot of oversight of said communication as well. a "bitcoin" for example.
I find it interesting that neither the President nor the President (Obama, Putin) have travelled to Kiev...the source of all this "knashing of teeth."
Sure looks like a competitive election to me.
"Winner take all"?
Cheers you assholesisterfuckers.
It's been a while since I could pull the trigger so this sale has come at the perfect time.
Stack and forget. Daily bullshit is for traders and psychos.
Being a bit redundant, eh?
there is a disturbance in the farce
May the farce be with you...
this is how distribution is done. melt up via hft and then dumping by the pros. wash rinse repeat for 6th day in a row. this is why tops are rounded.
in 4 short weeks... it will be 4 long trillions
http://www.newyorkfed.org/markets/soma/sysopen_accholdings.html
Yes, scary shit, but does anyone really know what the equivalent is at the people's bank of China?
We are fucked...
The time is coming when QE becomes a useless waste - not even keeping the non-fundamentaled stawk market going....and then, when silver and gold collapse, head for the exits. Be prepared.
But stocks at twice their real value....or buy gold at half its real value....hmmm
The concept of the USDJPY "surging" when it is fluctuating in a 1 US cent band is beyond me.
WTF is going on here on with such nonsense - the most minor fucking fluctuation is now a trend of pending doom? Did Al Gore buy ZH or something?
and undoing...
and undoing...
and undoing...
Be patient Gold bulls. Just keep taking advantage of any weakness to steadily increase you holdings with NO margin.
Strength and weakness are just part of the game. Right now it's weakness, so what?
Don't get mad, just say "thank you", as silver goes on sale...
That's my attitude. I'm waiting until the end of today before I decide how much to grab. I've been getting 10 oz bars lately.
Although for me it´s the # of ounces that count rather than the fiat price, I know there are plenty of other stackers out there who hang on the fiat price everyday. Reading "BTFD" can get real old, real fast, especially if your nerves are shot.
Nonetheless, if you were buying phyzz when silver was over $40, now is a great time to dollar cost average your phyzz stack if you have some dry powder laying around.
If you don´t, scrape up some shekals for some single-malt whiskey and turn the computer off. Your just going to have to wait this bitch out.
"building a base around twenty bucks an ounce. and yes, that can be traded." we drowning in it apparently...
They are reduced to frantically juggling more and more balls every day.
Agreed.
They have half the American population's balls in the air ... now they are going for the world.
If the candy crush IPO was worth 7 billion......then gold should be $5,000...IMHO
very interesting comment.
"is an asset nothing more than what I can borrow against? Or is it in fact something you can borrow against and BELIEVE said paper based note can only go up in value"?
Obamacare Navigators Helping People Enroll At Mexican Consulates
http://www.breitbart.com/Big-Government/2014/03/27/Obamacare-Navigators-...
Dammit.....those poor Mexicans are about to be robbed blind!
You know those Navigators have every one of their fake SS numbers.
But of course!...
What else were we expecting in Rick Santelli's (Down is up... Left is Right... Buy the dip...) bizarro market paradigm?
Might as well have the markets broaddcasting that most important of Orwellian fundamental speak that the "War is Peace" model will continue to provide green shoots to the economy in the U.S. and EU otherwise known as the United States of Oceania as long as we maintain that status quo!
Wonder if DOW and S&P will reach the 20K and 2K respectively when they proudly announce that the U.S. Congress has officially declared WWIII because of another attack against one of it's own!
stocks will behave, do not worry, march 31st is looming... paychecks will be written!
This past week or so, I've had my arse handed to me on a plate, my face ripped off and now someone is using my eye balls as click clacks.
Note to self: stick to physical you twat :(
One thing leads to another...Yep
Setting our own 'fixx this morning
Cheers
http://www.youtube.com/watch?v=pIe-Cj071l0
Mutherfuckers. Shoot them.
Also to hinder nations that value the metal and want to trade it for commodities among themselves.
Funny thing is, when you smash gold, it still weighs the same, so it can just be melted and recast.
we know it's some type of inflation. It feels like an "embargo" of sorts though, access to goods is being denied "via price."
that would include food and energy it would appear.
"Enter Ukraine."
A 5 pip move on the yen? Over a 30 minute period? Are you fucking kidding me?
I miss the old zerohedge.
I liked it better when I didn't understand all the comments. People were really in to finance and investing. They really understood how the market works. This site is now just a bunch of comedians.
There are retail traders left? Don't think so, DYS. Commenters are former traders (many of them) waiting for something....but it won't be fair markets, ever again. Humor trumps the tears. Enjoy the humore.
Hey...we can be funny AND understand what's going on.
It's a rigged casino market. You must trade the lie dude.Stawks?
It IS funny. Asinine. Ridiculous. Detached from reality. But that's today's Denial Market.
I'm a pro FX trader. Lovely volatility for me and my clients....
By the way....Nutri-System...just a thought
Do you complain when your car insurance goes down? No! So don't complain when wealth insurance goes down either. Increase your policy value.
+1295!
I think this fall in the gold proce is people havinf to sell gold to close their share positions for the quarter and cover the losses.
I have noticed this at the end ofseveral quarters over the last 3 years.
The precious metals smash is nothing compared to the 100 points painted on the tape of the Dow, or the 15 points to the SPX that can and does happen at any moment WITHOUT reason or cause...When ever they feel it is needed. There is absolutely no validity to a synthetic market, that those profiting from it, break their own backs to ignore or justify with fundamental stock talk. We are all being slowly hypnotized with this fraud. They are trying to turn us all into little Jim Cramer's. Bantering, mindless cheerleaders of the greatest fraud of all time.
By Warren Buffet's own definition, Bershire Hathaway stock is actually the biggest and most expensive "Barbarous Relic" of them all. It just sits there AND It doesn't pay a dividend either...
Bullshitter