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WTF Chart Of The Day: Spot Gold Spikes Over $20 As Futures Close
Gold futures stopped trading at 1300ET for the Memorial Day holiday... seconds after that Spot Gold prices exploded higher from $1291 to $1312... of course liquidity is extremely light but it seems someone was anxious to get their hands on the real thing... Gold has breached its 200DMA, 100DMA, 50DMA, as well as the crucial $1300 (that Morgan Stanley said would never be seen again).
Nothing to see here , move along...
Moments later...
And there goes silver...
Un-rigged markets?
Charts: Bloomberg
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Wonder what just happened?
When will these crazy rallies and crazy waterfalls end? SERIOUSLY.
Gold bug food, just sprinkle and watch them grow. Tuesday morning is a great day to sell gold.
These anomalies are easily explained, but you get a deranged subset who expect to find a conspiracy everywhere and they find it.
These anomalies are easily explained,
Go on, we're waiting...
Don't waste your time, 6 weeks and 6 days and he's here to give us all an enlightened disertation on the Gold Markets and their reliability.
DaddyO
6 weeks 6 days and gulp, 6 hours! Run for the hills!!!
That's right!
I did it.
Fear the reaper baby!
Somebody bought 1 or 2 contracts and there was no ask in sight so the price spiked up. All will be erased by this evening. It's just a "Bad tick" because nobody is buying gold......
Sadly I wish I was wrong, but I don't think I am.
Luuuuuucy.........you got some splainin' to do!
seconds after that Spot Gold prices exploded higher from $1291 to $1312... of course liquidity is extremely light
That's an understatement.
Ya notice how gold goes up $3-$5 over the course of a few hours only to be bitch-slapped back into submission in a few flashes of the ticker? They must have had lunch outside of the office today!
value of all above ground gold (phyz) in the world is like $6.5 T...makes total sense a little selling of a couple tons or even a couple hundred tons of a 160,000 ton inventory would swing prices like this...(for context, value of all housing in US is like $25 T)...also makes total sense to dump into a market at worst possible moment to ensure the seller gets the lowest price. Nothing to see here...bwahahah
It'd be the equivelant of a home seller putting their home on the market Christmas eve @ 4:45 and stating they'll take the best price available in the next 15 minutes...silly.
I'm thinkin the logistics of transfering storing and defending these large gold transactions justifies the extra handling fees. Unless you all think they have no right to make a profit.
Those fees and logistics would ADD to the intrinsic value, not subtract from it; what is your point exactly?
Would you spend a moment and tell us what reason there was for the rapid price movements (you said it was simple)?
someone like a banker should step in like a group of them or something and fix this market.
Maybe someone else doesn't trust the central banksters and the BoE had to buy a lot of gold back; quickly....
First the Fed now the Bank of England, as Austria wants to Inspect their Gold
The spike doesn't show up on the Kitco chart. Down the memory hole.
he does look like shit , i must say , maybe he comes from taking it up the arse from king hussein
"Buffalo Bill" from Silence of the Lambs
Just a coincidence
Mr. zirps FB page should shed some light on where he's coming from...
https://www.facebook.com/pages/Patriots-Against-Right-Wing-Nut-Jobs/4221...
Wow. That guy is seriously deluded. He seems to think one of the two mianstream parties offers hope.
Wake up, fool. You enable them both. And their masters.
I'm thinking he just earned the troll/whore/shill of the year award.
Fascism is an ugly thing...
Take it easy on the guy, he may just be really stupid.
Not me..though he is that handsome devil I found on another blog. It was this or "Hacksaw Jim Dougan" at the time.
Still waiting........que crickets chirping......
The thing I find the most hilarious about dumb fucks like zirp is the abundance of rational rebuttals they offer so freely.
The world will never be short of out and out douchebags either...like you .....go troll somewhere like Newser...you fucking idiot
Gee, Zirp,
(-) 37 and counting in such a short period, you need to change your handle to Zirpariah. Tough bunch you are taking on, sort of like falling on your sword. Good luck.
Yes, we're waiting. Would really like to know.
Who are you? Bernake's personal dicksucker? Yellin's cunt licker?
What a fuckin dingleberry.
Please for the class and us lemmings, we wait with great anticipation for your knowledge.
But hurry my popcorn is almost done popping .
Looking for chart that shows this jump? Where? Kitco...No, Bloomberg...No..Goldseek shows $1301.....Hmmm?
Bloomberg shows now. But not Kitco
WTF now its back over 1300.....
http://goldprice.org/
thats what you get for bringing in part time help on holidays instead of paying time and a half to the regular goons
Thanks for that link.....click on the hour chart...so gold was at 1308 or so for 4 minutes...then WHAM.....this is interesting to say the least.
http://www.bloomberg.com/quote/XAUUSD:CUR
Bloomberg was charting up to the minute until about 30 seconds ago. Then the site refereshed and stopped charting to 1:25pm. Which was the lowest price of the day.
Now up over 2%....
Nevermind.... we are now back down to .4%
Wow, they have actually now updated the charts.... and now they show no fluctuations at all. They actually completely took the spikes out.
Its like it never happened. Fucked up
Minitrue is up and working 24/7/365.
Management of Perspective Economics. That is an example of the CME Group blatantly manipulating the price data. This is demonstrative that the data is also untrustworthy.
I swear I've seen Bloomberg report a sudden surge to $1314 about 3 hours ago through their Android App. This was my WTF moment of the day.
At that time I was on the move. A few minutes later I tried to visualize the chart to see the price action and VOILA, data completely removed.
This makes me think I shouldn't even bother following the "market". Just get rid of the paper as soon as I get it, instead of trying to get the best possible price. This market is complete nonsense.
http://data.cnbc.com/quotes/XAU%3D/tab/2
Click on the 1 Day timefram tab to see the totally non-rigged market at its best
When thinking about the wild price swings in 2011, mostly upward, it's amazing they have been able to hold this price in such a tight range these last couple of months.
Events like this look like that under water beachball trying desperately to overcome its external forces. Stack now because she could blow at any time and we won't be given the heads up.
http://goldprice.org/spot-gold.html
So a crazy spike up $20 and now back to $1290.....hmmm. The world we live in....sucks.
And back up again! $1314. Coming to a six flags near you!
not if you are a buyer, as Mark Faber says, just keep buying. In a few years we will all be bitching that the price is too high to keep stacking.
Try Netdania.....shows it pretty good
IMHO the Netdania charts are quite confusing regarding this: I see the surge in the chart for gold priced in USD at 13:00. But in their chart for gold priced in EUR there was a big fall at 13:00. Like if EURUSD surged, but EURUSD has not moved much.
The IDC charts also look completely out of whack.
An alternative price source I often use for double-checking are the BullionVauld charts: https://www.bullionvault.com/gold-price-chart.do Here the gold priced surged in both USD and EUR. At the BullionVault market (which trades 24/7) the bid is currently at around USD1298 and EUR950.
With price signals this conflicting I am definitively not trading gold right now.
Not sure about the relevance to compare rigged vs oops-obviously-failed rigged charts but I'm sure as hell happy my euro 'buys more' gold than dols do.
Stacking fest big time.
Well, maybe more in your face proof that this is hella rigged. They can't even get their stories (Prices) Straight!
How much do you know about nuclear power plants and disasters?
Just finished reading up on Great Britain's "near miss" back in the late 50's.
Absolute must watch on you tube if you want to begin to understand how the Americans learned they still had a lot of learning to do...but were on at least a not totally insane track (yes that reactor was air cooled...until the graphite fire...well "until the graphite fire lit up the whole pile when they turned on the über fans to put out their non-existent fire." Then they miraculously discovered the value of "water cooling."
We'll skip the whole part about it doubling as a secret facility for the production of fissile material.
www.netc.com
As of May 24th 2014, the entire trade floor of the 'western world' is now a deadly, radioactive pit to be reclaimed by nature.
And no one even noticed or reported on it. If you are in a radcon area that's in the high hundreds, make arrangements or leave.
Stop quoting Warren in these here parts...you might get on some list or something.
Read up on the Idaho explosion sometime as well. Phucker got impaled by a fuel rod and was stuck to the ceiling for a week or so before they could finally figure out how to get the phucker out without the (albeit "tiny") reactor going super critical again.
That one was no bigger than your kitchen...luckily containment held. "Took only 9 milliseconds" for all you homegamers out there.
Sounds a little shorter than a "New York Minute"...but who knows with the Freq show running things now.
"Never let a physicist do a chemistry experiment." They're all dead for a reason.
China gas deal
Barcleys admission
Austria sending auditors to the BOE
Massive movement of gold from east to west
Property bubbles all over the place
Derivitives
Banking crisis
not sure what order.......
(please add to the list i am sure i forgot alot)
Go to work , Mr Chairman!
Was it me, or didn't they say they were going to contain large moves in gold and silver from now on? :)
Light the fuse James!
Who gives a shit? Did my chickens lay today? Now that is important.
Gold numbers not important to me TODAY as I am not a seller. Now tomorrow may be a different story, no? Of course the markets are rigged against the individual just as our country is. Fascism is rampant!
Try telling that to some of the clowns around (here). Fact is...
Gold is gold, and gold is a CONSTANT! It's the price of fiat that varies with respect to gold. Hence, it's not gold "moving up", but currency moving down because you need more of it.
If we (ZH bloggers and the Tylers) started plotting the inverse, i.e. 1/Co$t, you'd see things clearer. But TPTB don't want you to think that way and, ironically enough, the Tylers haven't awoken to that view either.
Right on - but about those chickens: If you have more than one chicken, and there are days you don't get eggs, you need to find a new breed. Or figure out who's raiding your henhouse!
Put the peddle to the medal.
Uh?
The phrase is 'Put the pedal to the metal' as in floor the accelerator pedal. Or am I missing irony?
DavidC
How 'bout:
Put the peddle to the meddle
almost works ... sort of.
maybe he's out peddling his old medals. . .
no more heroes.
diddle in the middle????
Could be mettle too. "Time for a little Steely Dan" and a few thousand helicopter gunships.
Nothing says "peace in our time" like The Blade in full on attack mode.
haha definitly not in this world. Not many folks in this age can handle any stress. They need a pill.
If you wish for a study in the psychology of "release" I can now claim authority in that matter as well.
"This is not a drill" folks.
The fix is broke...?
Depends on what the meaning of "Fixed" is...
and now you don't know the meaning of "fixed?"
yeah, thought so, you're just a bum...
$1312 at 13:12 ? Someone's messing here.
Sell at Midnight, pass the word...
Golden Woodie.....
Oxymoron....
"Please God forgive me but I do love it so."
General Patton.
I see nothing on the stuff i follow???????????
Moron Stanley, they'd never have an interest to supress gold and mislead investors, much like Bankruptcy of America Muppet Looting. STOP doing business with the financial scumbags.
Obama wants new world order 2014
See video here (speech from today)
http://homment.com/obamawelt
It is becoming more apparent that the rest of the world could not care less about what Obama and the globalists want...
These Criminal Motherfuckers aren't even hiding it anymore. It's all out in the open for all the world to see.
Keep the power dry & the nooses tight around their pure evil Ciminal necks.
that tells me something "big" is in the pipeline that will make all of this breadcrumbs.
Not that I am an Obama fan, but this clip is missing the context. You would need to read the transcript or watch the full clip to get the context.
The context was pretty evident.
"The international order that we have worked generations to build."
"Ordinary men and women are too small minded to govern their own affairs"
"....order and progress can only come when individuals surrender their rights to an all powerful sovereign."
Yep, the context is blatantly obvious.
Someone please give this child a pair of sunglasses from the movie "They Live" so that he can spot the evil of the Communist International.
"I can't wait for my next visit with King Fahd. We go way back."
Good call swabeyjw. The clip was edited for effect but the speech still has overtones that are implied in that clip. Reading the whole speech shows that. It also shows what a blathering hypocrite Obama is. His schtick is less and less well received methinks.
I dunno. Those people in the audience weren't standing up and hissing and booing.
They should have been throwing rotten eggs and tomatoes.
They seemed to be rather complacent and accepting to the message.
I'm reminded of scene's from the movie "They Live" where the elite are gathered in a dining hall listening to a speaker talking about how they're going to rule the world.
I'm pretty sure those people listening to Obama speak thought of themselves as power brokers in the New World Order. That's why they were invited. They are of the same mindset that their monkey master is part of.
I'm sure if we all had some of those special sunglasses we would be able to see the true face of Obama for the evil alien scumbag that he is.
The clip and spreading around links with hissyfit comments all over the internet is just plain stupid. The video is spliced together from two completely different parts of the speech. This kind of stupidity makes it harder for those with real evidence that he is a bloody hypocrite and quite possibly a criminal to get through to people, who do not already know. Because of idiotes like the distributors of this video - many correct claims going forward will be brushed aside and dismissed as equally stupid. Arrhh!
If Gold explodes on Memorial Day and no one is around , does it still make a sound ?
Stop run....
Still nice to see it go that unusual "other way" for a change
Wait until open tomorrow. Ugh.
Trade higher TF and use limit orders, this is what I can say about those "rigged" markets. One must be adrenaline addict to trade 1M or less.
scary thing about holding anything overnight is we sleep at some point. Everyday we wake up to some bizarre news headline causing market issues. I like swing trading and find it more peaceful but I also like to day trade knowing when i close my charts for the day I am flat and will not see some bullshit when i open them next day.
Bizarre? "Russia attacks! Ukraine attacks! We have peace now eat your cheeseburger Happy Meal America!" :-0
Had me spooked, but no when I awoke this morning, right there it was still clutched in my hand - a shiny Gold Eagle.
As long as the retards accept monopoly money for real money i will gladly make it rain for the eagles.
I like Maple Leafs better as they are .999 Fine Gold whereas the Eagles are .900 Fine. Yet I will not refuse an Eagle. A Buffalo is even better.
Think I may of said this before, but hey-huh, it's on topic. Tis also for newish-stackers who live in the states. So those good delivery .99X fine fatties goto twisserlant, get the melt and re-cast(e) into 1kg Fine bars. Off to the Asia they go. De Pointe: for the eastern-folk fine-ness IS an issue of importance. My go-to somebody who does gigantor phyz biz for being a 1 store shoppe (for a mortal like myself, seeing a m-box of Au coins go out the door is nutz)
+ other places which sell the same stuff confirm the Fine preference...Indian/Chinese buyers always go for .9999 CML or generic .9999 bar over the Eagle/Earlier .999 CMLs. Many times (as I was told) Eastern folk will come in and pull a double take when they see the .99999 RCM coins.
My opinion here- Adjust the kind (fineness) of Au according to your expectations of what the future holds. For example, when it comes to fractional Au, which I see as more of a mad-max* holding, Sovereigns and any of the 20 franc coins (1/10th eagles if the premium ain't stupid)...not so fine, but 10 of those kinda coins are most "ass-friendly" so I'm told.
And (obvious) for 1oz coins, I'd go no less then .9999- in my head, I'm thinking of a Chinese future. Day may come when some kind of Sino-Murican deal will be made a bit more "EZ", cause of the Fine(r) coin.
Just me thoughts. If I were buying now, I'd be looking at the .99999 RCM howling wolfs.
I like Ag much more than Au, strictly for it's nerdy elementy-attributes but don't know anything about Asian-y preference concerning the stuff.
Dats Alls
Yeah...I missed a nine.... A fineness of .9999 is better than .999 fineness. That is what my Maple Leaf collection is.
I want it in that fineness to make pure Gold Jewelry if the US decides to confiscate as...they never confiscated the jewelry in the 1930s.
My "Mad Max" collection of fractionals are basically 1/10th AMEs (did not pay an exorbinant premium when buying @ 105% spot) although I do have some fractional Maples, Philharmonics, a couple of Kiwis, a Panda, a Sovereign and some Peruvian...until I lost it in a boating accident.
The quintuple nine stuff has just too much of a premium.
Thanks for yoour opinion. I will keep it in mind.
For your Ag I suggest kepping at least a 1/10th bag of 90% US Junk Silver in your Mad Max Bug Out Bag.
Best wishes.
Unrigged?
Says who?
And I had picked the riggers would be taken out by a big silver buy order....seems like it may be gold after all as someone is obviously testing the market.
Rayciss
brilliant
My pecker does the same type of thing from time to time. Not sure why.
My opinion on gold
http://goldenopportunitytrading.blogspot.co.uk/2014/05/gold-update.html
http://goldenopportunitytrading.blogspot.co.uk/2014/04/gold-and-gold-min...
http://goldenopportunitytrading.blogspot.co.uk/2014/03/a-possible-pathwa...
My opinion of your opinion on gold:
https://lh4.googleusercontent.com/-72PzQNwawxM/AAAAAAAAAAI/AAAAAAAAAAA/R...
Now, all he needs is an asshat to go along with his commentary.
This is bad news I need two more years to stack.
Calm down guys. All will be fixed later.
Maybe I should have used the word 'repaired'?
Real money will replace the fiat abomination in do time.
As an American I hope it's after I am gone.
It's not going to be good for the chief printers. (US) or is that U.S. ?
Welcome to your revolution Mr President.
If that dollar tanks on Tuesday you'll see you City of Chicago explode.
Don't worry tho...we've already war gamed that thing and can't wait to get things under control.
Don't worry about the need for volunteers either.
"This is America" and they don't call Tennessee "the Volunteer State" for nothin.
Read the willy report. Same exact shit.
APMEX reports $1294. Doesn't look like anything happened to the real world purchase price of Gold.
Yep, ignorance is bliss, APMEX stop reporting at 1:00 PM on their charts, this happened after the official gold market closed.
Check out this guy's charts.
teleboerse.de shows a actual price of 1275.45
wondering how it will open
http://kursdaten.teleboerse.de/teleboerse/kurse_einzelkurs_uebersicht.ht...
How to become a stress free investor and trader? 1. Risk only money that you can lose 2. Accept or change your job 3. Accept that you sometimes lose 4. Plan to follow your profitable trading or investment plan. https://www.youtube.com/watch?v=m_P4S3QKWIY
KITCO says USD$1292.50 right now and Sharps-Pixley says USD$1301.50...simultaneously, in these unrigged markets...
Quick - arbitrage opportunity.
"Make a killing in the market. Shoot your broker."
That's what my coffee mug says at least.
Putin bought and Yellen sold.
"And they lived happily ever after."
"See if you can guess what I am now.
A ZIT! Get it?!!!"
I'm seeing June futures at 1319, 2710 x 2446.
August though is in line with Junes close.
I thought it was a world market...why does gold trading have to "close" just because the little paper game playing Comex arena wants to go on holiday...?
Comex - or any paper exchange - shouldn't have ANY role whatsoever in setting the world price of the physical metal.
Patience, grasshopper. Soon enough it won't.
now at 1318.20??????
Where?
here
http://kursdaten.teleboerse.de/teleboerse/kurse_einzelkurs_uebersicht.ht...
Maybe this is trading in Euros being converted into US dollars...?
Pretty sure that was just the futures contracts rolling over.
You can't hide a dollar collapse.
Everything else maybe...but not that thing.
Probably gonna have to bust a move come Tuesday but I do like to hold these things until it's obvious even to a dope like me.
Of course "once it's over, it's over for good"...and now you know what I like about me.
It's over now, kids. Bberg erased any trace of this error, heresy. Go back to work, sheeple!
Kitco looks "Clean" too...
Goldprice still shows the spike, but who knows if that won't be erased within the next 24 hrs.
When Israel gets erased then you'll know.
It's still plain as day on Netdania.
Mountain - meet mole hill - another wiff by the Tylers at incisive financial reporting...yawn....
Really? What's the size of your handle bitch?
Check these two quotes: The first one is GBP-USD or cable. Bloomberg says it is trading at $1.6844 at 14:12:58 ET. The second quote is XAU-GBP or the gold price in British pounds. Bloomberg says it is trading at £782.99. This equates o a dollar price for gold of $1318.86.
http://www.bloomberg.com/quote/GBPUSD:CUR
http://www.bloomberg.com/quote/XAUGBP:CUR
Shut it down.
Stop, stop, even the London Fix can't keep up any more!
London was closed today for a Bank Holiday.
That Bank holiday might last a while.
Outside this Truman Show bubble there must be a Real Price of Gold...somewhere...
Occasionally there's a glitch and it pokes through...
My initial reaction was that Jamie the Demon had gone and got himself suicided but then there was a total reverse and some, then up again. On my platform (spread betting AG in UK ) volume was MASSIVE for about an hour and price flickering quickly between 19.40 and 19.41.5. I put it down to rollovers in a big way.
The bit about the Demon was just cynical wishful thinking.
even the price rigging algos deserve a day off. Same shit happens every US holiday.
Shame it cant hammer down, I'm ready to pull the trigger on a little more.
shit flies on low volume day
weeeee.....look what I can do.....see gold bounce???
Gold spikes $20 and no mention of bitcoin at $580???? Anyone else miss Fonestar????
No!
DaddyO