Gold Surges: Putin Retaliation Fears?

Tyler Durden's picture

It's that time of day again... when the precious metal mice will play as the broad market cat is still away but this time it's different. Instead of the smack-down that we have seen around the 8amET time each of the last 10 days, today gold and silver are spiking. It is unclear what the catalyst is - just as it is never clear what the catalyst for the monkey-hammerings are - but the timing with Putin's retaliation threats (specifically against a major bank with a mysteriously active gold vault) suggest some causation.



Charts: Bloomberg

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Truther's picture

I don't want to be the Dimon in the mine now.

unrulian's picture

More Vladimirmongering

knukles's picture

First Rule of Global Geopolitical Fight Club: Don't piss off Vlad the Bad.
He kills people for less than that ... just ask Pussy Riot.  Our guys fly all over the world for selfies at funerals.

Urban Redneck's picture

Yeah, but Vlad understands the basic notion of BUY LOW... if he wanted to fuck with the commodities markets he would fuck with gas/oil and SELL HIGH... 

CHX's picture

Rather Obamongering, IMHO.

Secede Or Die's picture

Double YAWN.....I''m long on PM's and I KNOW how it will all pan out someday. Yes, pun intended.

NOTW777's picture

value - its been on sale

Murf_DaSurf's picture




Paper Fight!..Paper Fight!...Paper Fight!!  10-1 on Vlad !

Counterfiat's picture

Don't go chasin waterfalls, when crimea river is yellin at your door.

jmcadg's picture

Let's see a spike to 1400 and 23, then it might become interesting.

knukles's picture

That's like asking for Sherman McCoy's crumbs.  Get greedy, aggressive, narcissistic, tough and self-centered.  We want MOAR, dammit, MOAR

Murf_DaSurf's picture



"Sherman McCoy's crumbs. "


Hey knucks, remember at the time, *the gasps* that were heard as that Book was such a revelation on just how things worked?


I confess, it was the beginning of my loss of innocence...LOL!


LawsofPhysics's picture

Let me be clear;  nothing changes until everyone with a paper claim demands physical.

CHX's picture

"Let me be clear;  nothing changes until ~ 5-10 % with a paper claim demand physical". Fixed it (+1).

CHX's picture

Realist, when ~99% of all traded PMs are paper. 5-10% claim phyzz, the CONEX is soooo bust. 

Bernoulli's picture

Totally agree. I'm looking forward to find out the real value of pysical gold (maybe the formula is sth like: the total value of all oil, gas, coal, farmland, real estate, cars, etc. in the world equals the total value of all gold, silver, platinum, copper etc. in the world?)

Quinvarius's picture

India Central Bank Chief Rajan: Slowly and steadily have to remove curbs on gold imports.

I think that is your "oh shit" moment at 8am.

Guess who is not going to sell any gold to Goldman at bargin prices now?  Everyone.  Your move squid.

Save_America1st's picture

and at the same time the dollar spiked and then dropped a little right along with gold and silver "paper" prices.  Obviously, that's unusual since they should move opposite of each other.  Since we know the paper game is all manipulated, I'll just say this had nothing to do with anything else other than the monkeys allowed paper PM's to rise a smidge for no other reason than to fuck with usual. 

rqb1's picture

Yes but, the trend is to smash it at the end of the month around options exp.
we might have a few good weeks ahead of us.

francis.sawyer001's picture

Gold is up $12 or 0.95% and this is a SURGE?

Earlier today the ZH webmasters in in Zimbabwe called something a 'scream', ... I would hate to imagine the use of english words in Zimbabwe if we were to see some 10% or 50% collapse in one hour?

If finger pointing is a 'scream' and +.95% is a  'surge' then what the fuck will chicken little call -50% ???


This is only a FUCK for JPM, so it has to have been orchestrated by a GS traitor in the ranks, now everybody on earth fearing a 'cypress' will pull all funds out of JPM, they can't have been this fucking stupid, unless Goldman-Sacks orchestrated the Russian Fuck.

DaddyO's picture

Relax Francis, the surge is indeed a surge. It's just that the amplitude is not very high. The frequency is not tight either. ;-)


jjsilver's picture

The same people manipulating to the downside are doing the same to the upside, to make the people believe the ONLY reason to own precious metals has absolutely nothing to do with currency debasement.

realWhiteNight123129's picture

War the excuse of bankrupt politicians to inflate away the debt.

jjsilver's picture

it's not going to work this time

A_Nejad's picture

^^ This.  Thank you Sir.  Never understood why people play the Casino and hope to win, unless...

1stepcloser's picture

he's asking for Germany's as well.  

SmilinJoeFizzion's picture

Bear dry-humping Dimon

Yardfarmer's picture

wow! Au "surging" $12 whole dollars! I'm gonna raid my Karl Marx piggy bank and get some gold. spectacular!

Carpenter1's picture

There's  already much bigger players like Sprott who are suing the gold fix banks. If they cant bust the cartel, surely this lawsuit wont either.

The Abstraction of Justice's picture

Are they targetting Deutsche Bank in Germany?

jubber's picture

Gold up US$ up ...unusual

MrMajestic11's picture

so let's get this straight- a bounce the day after making the lowest low in 35 trading days is a "surge" relating to some amorphous understanding of an unidentified causal model?  Good God man- get a life.

Herdee's picture

Maybe a lot of nervous nellies just plain buying physical gold before Friday's news releases.If the statistics are interpreted as good or bad,I don't care,I just hope that all the big players in the world keep draining the physical.I bought another quarter ounce myself this week.