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Who Just Bought Half A Billion Dollars Of Gold Futures?

Tyler Durden's picture




 

Presented with little comment aside to note the surge in gold since Yellen gave markets the all-clear yesterday. It seems someone decided the open this morning was an opportune time to take on half a billion dollars of gold exposure...

 

 

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Thu, 06/19/2014 - 08:29 | 4872971 Devotional
Devotional's picture

just paper

Thu, 06/19/2014 - 08:33 | 4872984 PartysOver
PartysOver's picture

Can Obama's drones attack paper?

Thu, 06/19/2014 - 08:34 | 4872990 Devotional
Devotional's picture

ah maaaan, don't give him ideas!!!

Thu, 06/19/2014 - 08:37 | 4873000 dryam
dryam's picture

Trick question.  It's the same entity that is going to sell 2 billion dollars of gold futures next week.

Thu, 06/19/2014 - 08:57 | 4873078 Save_America1st
Save_America1st's picture

Another question might be: 

Why does a half Billion dollar purchase only make the paper price rise 5 or 6 bucks? 

Someone farts from upwind on any given day and the paper prices can plunge over 100+ bucks in a matter of minutes. 

Thu, 06/19/2014 - 09:02 | 4873109 Manthong
Manthong's picture

Time will come when a C-note is just a pimple on the chart or a wrinkle in the pocket.

Thu, 06/19/2014 - 09:15 | 4873168 Save_America1st
Save_America1st's picture

and so who bought paper silver?  It's up over 20 or 1.18% (kitco chart) over the same time period this morning since gold, eh-hem..."exploded" higher.  So what's the deal there? 

I know it's all manipulated, so my question is basically rhetorical unless someone does actually have the answer as to whom is making these huge purchases this morning. 

But it smells like bullshit as usual, so should we expect another big smackdown before the end of this month or sometime in July?

Thu, 06/19/2014 - 09:21 | 4873201 NoDebt
NoDebt's picture

Whoever knows the answers to those questions doesn't post on ZH.

Thu, 06/19/2014 - 09:46 | 4873328 Pladizow
Pladizow's picture

Manipulation goes both ways!

Thu, 06/19/2014 - 10:59 | 4873657 GetZeeGold
GetZeeGold's picture

 

 

Word up dawg!

 

Is this baby steps towards getting Germany it's gold back?

 

Doubt it....but they can always hope.

Thu, 06/19/2014 - 11:05 | 4873727 Badabing
Badabing's picture

http://www.zerohedge.com/news/2014-06-19/china’s-largest-gold-company-seeks-become-kingmaker-gold-market

Front run this

Thu, 06/19/2014 - 19:58 | 4875937 mjcOH1
mjcOH1's picture

"Who Just Bought Half A Billion Dollars Of Gold Futures?"

 

I call bullshit.   Next you'll be telling us someone placed a $10billion speculative bet against the Bank of England.

Thu, 06/19/2014 - 11:08 | 4873741 Badabing
Badabing's picture

http://www.zerohedge.com/news/2014-06-19/china’s-largest-gold-company-seeks-become-kingmaker-gold-market

Front run this

Thu, 06/19/2014 - 11:16 | 4873751 Badabing
Badabing's picture

Re hypothecated post

Thu, 06/19/2014 - 13:39 | 4874450 7.62x54r
7.62x54r's picture

At least it is a real post, and not a paper promise to deliver a post.

Thu, 06/19/2014 - 14:40 | 4874704 bilbert
bilbert's picture

+10

Thu, 06/19/2014 - 09:50 | 4873339 Mesquite
Mesquite's picture

Au mining stocks up for a few days too...

Somebody knows something..?!

Thu, 06/19/2014 - 09:57 | 4873359 ParkAveFlasher
ParkAveFlasher's picture

I know that ups are followed by downs.  That's what I know.

Thu, 06/19/2014 - 10:16 | 4873479 Oracle 911
Oracle 911's picture

I guess it were the BRICS and some of its associates. And when tomorrow "somebody" will try it hammer down, well the price will rise again even more viciously.

The real fun will begin, when they will demand the delivery. :)

Thu, 06/19/2014 - 11:01 | 4873701 GetZeeGold
GetZeeGold's picture

 

 

 

Miners.....flip that crap fast kiddies!

Thu, 06/19/2014 - 11:55 | 4873938 Poundsand
Poundsand's picture

The power behind the rule of law is breaking down.  US can't project the power that it once did (whether good or bad is a different argument) and when the sheriff can't project power, lawlessness rises.

Currently on deck we have: 1) Argentina telling bond holders to suck dick, 2) ISIS killing indiscriminately in Iraq and on the verge of toppling a government and opening direct conflict between Iran and the Sauds, 3) Ukraine drinking the US cool-aid and now watching their country fall apart with Russia simply waiting to pick up the pieces, 4) A second proxy war in Syria, 5) No one knows what is happening in Libya, 6) Egypt still trying to recover from the US backed overthrow of it's government 7) China flexing it's muscles in the S. China Sea, 8) the complete breakdown of the corrupt financial system as China purposely starts unwinding the commodity finance scheme, 9) Russia with it's hand on Europe's energy spigot?

When will we hit the tipping point for the great unwind?  I don't know, but it's getting closer and closer every day.  The natives are definitely getting restless.

Thu, 06/19/2014 - 12:03 | 4873970 Flakmeister
Flakmeister's picture

The Russians are only going to pick up pieces of something they once had and broke. And I have my doubts about that...

And if you think that is what happened in Egypt, you follow Fox News too closely....

As for Syria, you wnat to make heads or tails outta this?

http://thinkprogress.org/wp-content/uploads/2014/06/EDITED_conflicts_gra...

But other than that, yeah, pretty much bang on...

Thu, 06/19/2014 - 12:55 | 4874218 Poundsand
Poundsand's picture

1. No doubt they once had it and broke it.  It's been broken now for beyond my lifetime.  Doubt it will ever be fixed.

2. I don't watch fox News.

3. Easy.  Turkey, Sauds, Qatar on one side.  Iran on the other.  Iraq and Syria are where the current battle is taking place.  Or even simpler, Sunni vs. Shia.  The rest is posturing by those on the receiving end of the spigot to see who gets the most funding.  And by the way, it's wrong.  Based on this chart, ISIS doesn't get any funding except from "alleged funding from Assad"?  I don't by that.  But I do like the chart's way of showing how complicated it appears to be.

Thu, 06/19/2014 - 14:06 | 4874515 Flakmeister
Flakmeister's picture

Re; Fox and Egypt, that is surprising because only right-wing NeoCons and clowns on Fox saw Egypt in that light...

You forgot the Kurds and the fact that many mutually contradictory relationships exist...

And while not shown, there is the relationship between Assad and Russia...

What makes it complicated is how you handicap the various parties because ultimately, the spice must flow...

Thu, 06/19/2014 - 12:55 | 4874202 NESD
NESD's picture

Isn’t a good possibility that a big player covering big short paper positions is the buyer.  At least a short term low seems to be indicated on the chart so covering shorts now seems a reasonable thing for a trend follower to do. No sense dribbling in buys once the trend has changed. Cover now before any further damage.

Thu, 06/19/2014 - 09:44 | 4873317 DeadFred
DeadFred's picture

I admit it, it was me, fat fingers and all. Silver just popped through a multi-year downtrend resistance line. Manipulation is real but people and machines watch those lines. If silver closes the week above that line expect a strong upward movement. I see possible resistance at about $25, $28, $35 and the holy grail $50. Gold trends are not as clear. My opinion and $1.75 will get you a cup of coffee at Starbucks.

Thu, 06/19/2014 - 10:01 | 4873389 greatbeard
greatbeard's picture

>> $35

There will be resistence at $35, me.

Thu, 06/19/2014 - 18:31 | 4874458 7.62x54r
7.62x54r's picture

It'll get punched when the idjits figure out that SLV can't deliver on the longs.

Thu, 06/19/2014 - 10:18 | 4873485 constantine
constantine's picture

Silver probably just reacted due to HFT algos that are programmed to buy silver on a gold spike.

Thu, 06/19/2014 - 09:59 | 4873375 MFL8240
MFL8240's picture

We are there now, jsut go to the grocery store!

Thu, 06/19/2014 - 09:31 | 4873238 oak
oak's picture

"Why does a half Billion dollar purchase only make the paper price rise 5 or 6 bucks? "

Do not know why, 5/6 usd move is so little. Whoever or whatever, it is a silly trade. Does that mean the gold price cannot move higher as the counterparty is happy to sell to this whoever.

Thu, 06/19/2014 - 09:19 | 4873192 Leonardo Fibonacci2
Leonardo Fibonacci2's picture

The account happens to be in Belgium

Thu, 06/19/2014 - 11:10 | 4873753 Theosebes Goodfellow
Theosebes Goodfellow's picture

~"Can Obama's drones attack paper?"~

Haha! That's funny. Kind of like how many angels can dance on the head of a pin, right? ;)

Thu, 06/19/2014 - 09:21 | 4873199 JJdog
JJdog's picture

Manipulating gold price up? why would anyone buy that much all at once?  

Thu, 06/19/2014 - 09:40 | 4873298 tmosley
tmosley's picture

The manipulators play both sides to fleece the speculators while keeping prices low overall to please their real clients (central banks and foriegn governments).

It's real and literal treason.

Thu, 06/19/2014 - 10:18 | 4873487 SilverRhino
SilverRhino's picture

That was somebody (China or Russia) sending a shot across the bow.

Thu, 06/19/2014 - 10:49 | 4873646 Mercuryquicksilver
Mercuryquicksilver's picture

That was Russia loading. The shot will come when she demands physical. All the CB's and their puppet governments know what's going down.

Thu, 06/19/2014 - 10:39 | 4873591 boattrash
boattrash's picture

"Twas Putin, just hedging his bets on those pesky sanctions.

Thu, 06/19/2014 - 09:46 | 4873324 SilverDoctors
SilverDoctors's picture

Just paper...but they're riding the coattails of the Chinese & Russians, who are accumulating anything BUT paper. 
Jim Willie is now claiming that the announcement of a new gold-backed currency block (which will include Germany & Japan) will happen in 2014!  

Thu, 06/19/2014 - 09:58 | 4873368 RafterManFMJ
RafterManFMJ's picture

Read another poster yesterday and he posited that the US would switch to a gold standard for dollars in the US and all other dollars outside the US would be null and void.

Expanding, naturally they would repudiate all US Treasuries and instruments, because terrorism/war/Russia/Hackers.

Cannot imagine this happening as 1) it assumes the US really has some gold (perhaps Nationalize all foreign gold held in custody?) and 2) the average US citizen would benefit. Cannot have that.

Perhaps do the above, and set the new US Dollar at a price of 5K per ounce; US debt is devalued or repudiated and a partial reset is pulled off...

One tell for the above scenario would be if US multinationals start repatriating their foreign cash holdings en masse.

Thu, 06/19/2014 - 11:17 | 4873781 quasimodo
quasimodo's picture

Sorry, but all I can muster after reading these "announcements" is a big fat LMFAO.

Not dissing Jim Willie or anyone else with a shred of credibility(besides KWN) but I think most folks have become a bit calloused when they think something along the lines of actual justice or reward for those that hold things of real value will come to fruition, and justice to those that are fucking the duck behind the curtain.

It goes without saying there are many that might purchase metals and other things of real value looking for that quick profit, however the smart folks purchase these things and forget about the daily movement. Still, it gets old knowing said commodities are getting the shaft so often in relation to where they probably should be valued.

Thu, 06/19/2014 - 10:11 | 4873443 Doña K
Doña K's picture

<<<<< just paper  >>>>>

Unless he/she takes delivery

Thu, 06/19/2014 - 10:16 | 4873457 ZH Snob
ZH Snob's picture

here we go.

Thu, 06/19/2014 - 10:23 | 4873505 F0ster
F0ster's picture

I'm looking at my gold and it's still the same size :)

Thu, 06/19/2014 - 11:29 | 4873833 midtowng
midtowng's picture

Maybe just paper, but could be short-covering. The squeeze is over.

Thu, 06/19/2014 - 08:31 | 4872976 TeamDepends
TeamDepends's picture

That was us.  Sorry but we're going to take delivery and see what happens.

Thu, 06/19/2014 - 08:33 | 4872985 free_as_in_beer
free_as_in_beer's picture

More paper.  You will get a warehouse receipt, and pay storage while it takes months for you to withdraw the gold.

 

thank you, have a nice day.

Thu, 06/19/2014 - 08:58 | 4873091 Muddy1
Muddy1's picture

"months to withdraw"

the Germans wished it only took months

Thu, 06/19/2014 - 10:48 | 4873643 boattrash
boattrash's picture

"months to withdraw" Think China's Aluminum

Fri, 06/20/2014 - 13:18 | 4878450 Me.Grimlock
Me.Grimlock's picture

It does only take months...

84 of them +/-

Thu, 06/19/2014 - 08:55 | 4873082 Dr. Engali
Dr. Engali's picture

Somebody closing out a short position.

Thu, 06/19/2014 - 10:46 | 4873631 Amish Hacker
Amish Hacker's picture

Does that short position disappear, or is it just held by someone else now?

Thu, 06/19/2014 - 11:01 | 4873707 ThroxxOfVron
ThroxxOfVron's picture

"Somebody closing out a short position."

Who owns Quingdao Port/Warehouses? for 100, Alex.

Thu, 06/19/2014 - 08:32 | 4872978 Flakmeister
Flakmeister's picture

The price is being manipulated....

Thu, 06/19/2014 - 08:40 | 4873012 _ConanTheLibert...
_ConanTheLibertarian_'s picture

No shit!

Thu, 06/19/2014 - 08:43 | 4873027 Flakmeister
Flakmeister's picture

In this case, upward...

Thu, 06/19/2014 - 08:59 | 4873093 Muddy1
Muddy1's picture

Upward until this afternoon after tea and crumpets

Thu, 06/19/2014 - 08:50 | 4873059 greatbeard
greatbeard's picture

>> manipulated.

All prices are manipulated.  Although, I can't say I'd be unhappy to see the manipulation turn the other way.  If the the PTB decide to go the other way on the metals it'll be interesting to see all the naysayers standing at the station.  May or may not ever happen, and I may or may not be alive, or healthy enough, to enjoy the ride, but a guy can dream, can't he?  Well, can't he?

Course, I'm used to the Sad Sack role.  I'll live poor 'til the day I die rather than give in, but that's just me.

Thu, 06/19/2014 - 10:17 | 4873481 Doña K
Doña K's picture

The way we plan it is that if it does hapen and as soon as it happens we will go from a 35' sailboat to a 65' one. In the meanwhile, everythng else stays the same.

Thu, 06/19/2014 - 09:03 | 4873119 BLOTTO
BLOTTO's picture

Our whole damn life is being manipulated and perverted...

 

Thu, 06/19/2014 - 08:32 | 4872980 dressguard
dressguard's picture

Gold going up? Not possible! I hoped to get it for free in a few weeks!

Thu, 06/19/2014 - 08:33 | 4872981 youngman
youngman's picture

I wish it was me....its a good time to buy...if you are buying the real stuff...not much left i think

Thu, 06/19/2014 - 08:33 | 4872983 buzzsaw99
buzzsaw99's picture

the first move after the fomc is (almost) always a head fake

Thu, 06/19/2014 - 08:35 | 4872994 notadouche
notadouche's picture

That is a big ass head!

Thu, 06/19/2014 - 09:00 | 4873103 buzzsaw99
buzzsaw99's picture

The 10Y spiked to 2.66% right after the fomc. Look at it now. A tidy 3% move bitchez.

Never underestimate the power of the dark side. [/darth]

Thu, 06/19/2014 - 09:03 | 4873114 fonzannoon
fonzannoon's picture

I don't think that is the correct quote

https://www.youtube.com/watch?v=-YGfkM3KCoc

Thu, 06/19/2014 - 09:20 | 4873177 buzzsaw99
Thu, 06/19/2014 - 10:10 | 4873439 swmnguy
swmnguy's picture

When was that IPO?  I missed it.

Thu, 06/19/2014 - 08:39 | 4873005 Winston Churchill
Winston Churchill's picture

The fact they could not keep gold suppressed the whole two days of the FOMC meet

was a tell.

Either that or someone just got the heads up on Iraq escalation.

Thu, 06/19/2014 - 08:40 | 4873016 Hongcha
Hongcha's picture

Winston, that was the tell I took to load leveraged late yesterday.  We'll see how long it lasts and how itchy my trigger finger gets.

Thu, 06/19/2014 - 08:47 | 4873048 Winston Churchill
Winston Churchill's picture

Good luck.

Thu, 06/19/2014 - 08:35 | 4872992 dbTX
dbTX's picture

Is this another fat finger moment?

Thu, 06/19/2014 - 08:35 | 4872996 Ancona
Ancona's picture

That's unpossible. Gold is supposed to stay in place like a good doggie.

Thu, 06/19/2014 - 08:37 | 4873006 SmallerGovNow2
SmallerGovNow2's picture

But will they demand delivery?

Thu, 06/19/2014 - 08:43 | 4873030 Flakmeister
Flakmeister's picture

And get their shares of GLD?

Thu, 06/19/2014 - 08:49 | 4873057 lakecity55
lakecity55's picture

Gee, that would be a lot of Tungsten!

Thu, 06/19/2014 - 09:43 | 4873310 tmosley
tmosley's picture

A half billion dollars worth can demand delivery from GLD.  I think you only need something like $20 million, or did last I checked.  Probably less now due to lower spot price.

Thu, 06/19/2014 - 08:36 | 4872998 jubber
jubber's picture

ISIS  just spent their $470 Million by the look of it

Thu, 06/19/2014 - 10:10 | 4873437 ParkAveFlasher
ParkAveFlasher's picture

+100...CIA = Goodfellas ... first, bully the place into near-closure ... next, offer protection or credit terms ... next, continue to loot the place ("Business bad?  Fuck you, pay me") ... then, assume ownership via bankruptcy... finally, burn it down and blame the fire for everything.  "It's a fuckin' shame, you know dat?"

 

Thu, 06/19/2014 - 08:36 | 4872999 Dr. Engali
Dr. Engali's picture

Goldfatfinger.

Thu, 06/19/2014 - 08:37 | 4873001 JustObserving
JustObserving's picture

Damn you, Kevin Henry.  I said sell, not buy.

Thu, 06/19/2014 - 08:37 | 4873003 SilverIsMoney
SilverIsMoney's picture

Manipulation upward! Though we do seem to be reaching a turning point here. Worldwide chaos has prevented them from crashing the price in June like they usually do.

Thu, 06/19/2014 - 08:40 | 4873014 fonzannoon
fonzannoon's picture

This does prove that the gold market is real and not manipulated. Which is good cause I was concerned.

Thu, 06/19/2014 - 08:40 | 4873015 riskon.then.riskoff
riskon.then.riskoff's picture

--->this morning was an opportune time to take on half a billion dollars of gold exposure...

or????  --->Close short position of half a billion dollars of gold exposure

Thu, 06/19/2014 - 08:44 | 4873035 Flakmeister
Flakmeister's picture

more likely...

Thu, 06/19/2014 - 08:41 | 4873017 master bait
master bait's picture

I just bought 1000 NG for laugh and giggles.

Thu, 06/19/2014 - 09:54 | 4873350 NoDebt
NoDebt's picture

I think you want Nitrous Oxide for that, not Natural Gas.

Thu, 06/19/2014 - 17:49 | 4875394 Flakmeister
Flakmeister's picture

NovaGold....

Thu, 06/19/2014 - 08:40 | 4873019 Calculus99
Calculus99's picture

It's the BLS fella, probably clicked the buy button by mistake. Anyway, thanks a lot, just covered a small position into that strength.

On a more serious note, just finishing The Gold Cartel by Dimitri Speck. It's not an easy read but at the same time it EXPLAINS IT ALL. He's really done a number with his research, all fact, no hearsay. 

The big smackdowns are ALL central bank selling designed as a purely psychological play to keep reminding people that Gold is a dangerous thing to buy.

If you want to know the real story about the Gold manipulations get the book.

Thu, 06/19/2014 - 08:41 | 4873023 Infinite QE
Infinite QE's picture

Putin dumping more treasuries?

Thu, 06/19/2014 - 09:11 | 4873154 Awakened Sheeple
Awakened Sheeple's picture

China dumping shorts

Thu, 06/19/2014 - 09:27 | 4873226 NotGrokkingIt
NotGrokkingIt's picture

Obama dumping in his shorts

Thu, 06/19/2014 - 08:43 | 4873026 ricky663
ricky663's picture

Been stacking for awhile, and actually bought some DGP  (Deutsche Bank AG PowerShares DB Gold Double Long ETN) yesterday.

I know DGP is paper, but whatever works for a short term trade... right?

Thu, 06/19/2014 - 08:44 | 4873031 techstrategy
techstrategy's picture

Should be north of $2000 prices in any number of asset classes.  In MOMO flat scam terms, it should be north of $10k

Thu, 06/19/2014 - 08:45 | 4873038 Flakmeister
Flakmeister's picture

Based on the alpha asset, oil, I reckon $1400 bucks...

Thu, 06/19/2014 - 08:55 | 4873080 greatbeard
greatbeard's picture

>> reckon $1400

Seriously?  How is that figured?

That wouldn't be surprising nuber, it actually would made me feel a bit better considering gold wouldn't be beaten down nearly as far from a realistic number as from $1,900.  Honestly the spike to $1,900 didn't seem realistic unless the end was upon us.

$1,400 eh?

Thu, 06/19/2014 - 09:15 | 4873173 Flakmeister
Flakmeister's picture

Here is best data that I am aware of

http://pricedingold.com/charts/Crude-1950.pdf

They update it monthly....

I truly kick myself for not dumping a few thousand shares of CEF when gold was 1800 and change. Gold was clearly overbought at the time...

As an aside, it should become clear that in the 1960's that American consumers were being bent over by the refiners, oil was $3.25 or so a barrel, with gas at $0.25... Go ahead and figure out the crackspread, There was a reason Gas stations had promos giving away sets of reasonable quality dishware....

What is also interesting is that since oil has been "freely" traded, gold is clearly deflating against it... 

Thu, 06/19/2014 - 09:31 | 4873241 greatbeard
greatbeard's picture

>> a few thousand shares of CEF

First, thanks for the graph.  It puts it in a more understandable perspective for me.

Ditto on the CEF.  That is the one place I've really gotten my ass kicked.  I'm way good on my other metals but I dumped some real estate proceeds into CEF and had a nice little spanking.  Shame is I had a chance to dump it for a quick (I think 3 months) $70K profit and didn't pull the trigger.  Needless to say, looking at the current valuations hurts.

Thu, 06/19/2014 - 12:19 | 4874036 dogbreath
dogbreath's picture

Shouldn`t  there be an overlay of the change in the earth`s temperature on that chart.

Thu, 06/19/2014 - 12:45 | 4874149 Flakmeister
Flakmeister's picture

Trolling pretty hard, eh?

Fri, 06/20/2014 - 01:06 | 4877010 dogbreath
dogbreath's picture

how hard can you troll the troll

Thu, 06/19/2014 - 09:12 | 4873156 OceanX
OceanX's picture

I'm in agreement with this.  ... The suppression of oil price, will pop first.  IMO, PMs will keep pace with energy price and the IEA revised its outlook of the "Shale Liquid Fuels"  production estimates...

Thu, 06/19/2014 - 08:44 | 4873032 dontgoforit
dontgoforit's picture

Was it Belgium?

Thu, 06/19/2014 - 08:47 | 4873045 22winmag
22winmag's picture

You can say anything or own anything on paper.

It's another matter to enforce it.

Thu, 06/19/2014 - 08:52 | 4873046 lakecity55
lakecity55's picture

If you do not like America, the Perfect Storm is approaching:

Invasion from the South.
War in Ukraine/attack on Dollar
War in Iraq.

All can very easily = Collapse.
Smoke 'em if ya got 'em.

 

Thu, 06/19/2014 - 09:25 | 4873218 TheReplacement
TheReplacement's picture

Yeah that's all bummeroni but you have to  look for the silver linings.

China might go to war with Japan, Taiwan, Vietnam, Malaysia, Indonesia, and or The Phillipines at any time.

Coffee is bad for you but CIA heroine will kill you.

The IRS lost seven emailboxes but not any of the ones that would cause them to be unable to collect a single cent from the rest of us.

Fukushima will never be contained.

Bakken is as good as empty.

 

 

Thu, 06/19/2014 - 17:49 | 4875397 mkkby
mkkby's picture

Every tiny piece of news and idiots think tomorrow is WWIII and a currency reset.  I've got bad news for you.  These little proxy battles are much quieter than during the 40 years of cold war.  And that's all that will happen, because nobody has the capability and supply lines to fight a major land war. 

The dollar is not going away until there is an alternative.  The euro was supposed to be it, but Europe is the smelliest corpse in the morgue.  Oh wait... China's gonna gold back the yuan.  Yeah, right.  Their ponzi is coming unglued as we speak.  Next we'll find out the vacant cities are collateralizing everything else.

There will be a reset.  AFTER japan and most of Europe go Greece.  Decades away, sports fans.

Thu, 06/19/2014 - 09:31 | 4873220 Save_America1st
Save_America1st's picture

not to mention the war against our rights, guns, and freedom.  Because as the Hilda-Beast put it so eloquently yesterday:

"we cannot let a minority of people -- and that's what it is, it is a minority of people -- hold a viewpoint that terrorizes the majority of people," Clinton said during a CNN town hall.

Video below:

http://www.huffingtonpost.com/2014/06/17/hillary-clinton-gun-control_n_5505080.html

That's her viewpoint against those of us or in her words, "a minority of people" who believe in and exercise our 2nd Amendment right.

And even though I 100% disagree that we're in the minority, I think it's ironic that a woman who's contantly BITCHING about women being treated like a minority and who is also head of a party who claims to stand up for the rights of all so-called "minorities", is now demonizing people who she views as a "minority" as fucking terrorists. 

I know who the terrorist minority is in this country...it's the fucking people in this treasonous government.  They're the smallest minority around and yet they get to fuck with us like this on a non-stop daily basis????  Fuck them!

So one more thing I'll say about this is: Hillary...you fucking treasonous cunt. 

Thu, 06/19/2014 - 09:50 | 4873340 LuciusGermanicus
LuciusGermanicus's picture

It's a vast right wing conspiracy...except when it's a minority.

Thu, 06/19/2014 - 18:42 | 4875592 dvfco
dvfco's picture

+1,000,000 Save_America1st

Thu, 06/19/2014 - 08:48 | 4873049 dressguard
dressguard's picture

So somebody attacked the 8:00am attack? A counter attack? This is not very noble I have to say!

Thu, 06/19/2014 - 10:50 | 4873653 e_goldstein
e_goldstein's picture

almost... barbarous.

Thu, 06/19/2014 - 08:51 | 4873062 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Inflation. People are finally realizing that with an infinite amount of money, it needs to go somewhere, and why not gold? The tide raises all boats, including gold (maybe). Gold always goes up best like this, when no one is paying attention. 

Thu, 06/19/2014 - 09:26 | 4873222 DebtSlaveZombie
DebtSlaveZombie's picture

Who's realizing what?  Gold hasnt moved anywhere but down for 3 years!!! The ugliest chart in the world right now is the gold 5 yr chart.  Nobody is realizing anything except that they missed out on the greatest equity bull in decades and are trying to make up for lost time.  Gold was up 10 bucks this morning and you're touting "the tide raises all boats..." but gold's ship has been sinking hard since Oct 2012.  Seriously, the S&P was up about 0.80% yesterday alone and no one says anything.  This morning, gold is up 0.80%... and it means something all of a sudden.  BTW, everyone is paying attention to gold.  Are you kidding me?  Watch CNBC, Bloomberg, Fox Business, World Wide Exchange...etc etc... the "buy gold" ads on TV, gold for money places all over town, the idiotic preppers show on TV, Schiff blabbering as well as Celente, Marc Faber, Eric Sprott, Kitco News...etc etc... everyone..EVERYONE has a take on gold.  Even that baffoon Dennis Gartman has a take every other day...Goldman Sacs issues a new buy/sell recommendation for gold 3 days a week... its all over the place.  So, gold is not under the radar by any means.  Its not the hot speculative play it was for sure, but holy sh*t people wont shut up about it.  The impending collapse and the collapse of the dollar...blah blah... same story for 5 years... The only people that are richer are the ones talkig you into buying it.  You guys are STILL talking about "gold shortages" and China's rapid accumulation, India, South east Asia... but... at the end of the day.. here's what we have...

Gold is up 37.94% over the past 5 years (7.59% avg) - from June 2009

S&P 500 is up 113% over the past 5 years (22.59% avg) - from June 2009

That doesnt even count the move from 666 to 920 prior to that...(March 2009).  This trend will not change for at least 3-4 years.  And by then (when gold is 1000 and S&P is 3000) maybe we should consider pulling back a little.  Until then you can continue to dump money into the S&P and enjoy.

Thu, 06/19/2014 - 09:43 | 4873312 Tinky
Tinky's picture

If one bought gold in 2009 and sold today, then yes, one could have done better in the market. Of course anyone can cherry pick timelines and make a case for an asset class (or market).

The fact is that a high percentage of gold owners bought lower and won't sell until it is much higher. But of course that is too nuanced for you.

Thu, 06/19/2014 - 10:22 | 4873503 DebtSlaveZombie
DebtSlaveZombie's picture

What fact?  You have anything to show this?  I know you dont.  But hey, gold owners that make those statements are the same ones living in bunkers and eating rice and beans from their "prepper stash" and are distilling their own urine for drinking so they can be ready for the "collapse".  Lol.  Hey dude...whatever makes you happy.  Hold that gold for a decade.  Do what you gotta do.  But making claims about gold owners having bought much lower is baseless.  If you've read these boards over the past 5 years, most "gold bugs" have been stacking the entire time... at the highs... and everywhere in between.  Everyone "backed up the truck" last April when it broke down into the $1300 area.  Then backed it up again last summer.  I mean, cmon bro.  Gold and Silver hoarders have gotten demolished the past 3 years.  And its not gonna change for a long time.  Two of the rules of investing are dont get emotionally attached to your positions and never own too much of one thing.  Gold/Silver bugs break both of these rules.  Those are the only "facts" you should be discussing.

Thu, 06/19/2014 - 10:52 | 4873659 dot_bust
dot_bust's picture

Well, DebtSlaveZombie, Zimbabwe's stock market skyrocketed as its currency was collapsing.

Food prices are up massively this year, ushering in the beginning of hyperinflation. Therefore, it's no coincidence that the S&P is behaving the same way that Zimbabwe's market behaved during a currency collapse.

Just before a major stock market drop in the 1930s, the song, "Happy Days are Here Again," debuted on the radio. What followed was devastation. 

Thu, 06/19/2014 - 17:35 | 4873943 OceanX
OceanX's picture

Doesn't it depend on your money needs and where you are in the lifecycle?  I have a buddy that bought his gold maples for $400...

The Treasure of the Sierra Madre

Price of gold: https://www.youtube.com/watch?v=EQyqvFVe4Y4

""Happy Days are Here Again,""  --And don't forget the short skirt  theory,

Thu, 06/19/2014 - 12:31 | 4874083 Tinky
Tinky's picture

You are an idiot. Most gold bugs buy and hold as insurance, so you're narrow timelines are meaningless.

Thu, 06/19/2014 - 08:52 | 4873063 ptoemmes
ptoemmes's picture

Maybe it was ISIL?!  They seem to be flush with cash lately.

Thu, 06/19/2014 - 08:54 | 4873071 youngman
youngman's picture

Gold and Silver are the last thing to bubble....we should be at $5000 an oz for gold if we were in a bubble....maybe the party is moving over here...

Thu, 06/19/2014 - 09:28 | 4873231 Seasmoke
Seasmoke's picture

$10,000

Thu, 06/19/2014 - 12:42 | 4874131 Not My Real Name
Not My Real Name's picture

Bubble? $25,000

Thu, 06/19/2014 - 12:43 | 4874138 Flakmeister
Flakmeister's picture

$1900...

Thu, 06/19/2014 - 08:56 | 4873083 DebtSlaveZombie
DebtSlaveZombie's picture

LOL.  Probably covering a short... Or it could be hedging another play.  Who knows.  Who cares.  Why are you guys not focused on S&P futures every day?  S&P 2000 very soon.  How are you guys not vomiting all over yourself for missing the greatest equity bull market of our time?  The stock market doesnt follow the economy... or jobs... or "consumer confidence"... its totally disconnected from that.  The Fed has forced everyone into equities due to the low interest rate environment and its gonna stay that way for several years.  Gold to 1500 would be a shock at this point.  Gold is the pain trade of the decade.  Do you really wanna wait a decade to make money on the gold trade?  Really?  I really love Ann Barnhardt's video on this.  Take the 2 hours and 37 minutes needed to watch this.  Really good stuff.

http://www.youtube.com/watch?v=7bA_NbYSaGM

 

Thu, 06/19/2014 - 09:14 | 4873167 A82EBA
A82EBA's picture

price appreciation is a nice perk but not the main reason for owning gold

Thu, 06/19/2014 - 20:56 | 4876165 Badabing
Badabing's picture

The S&P, don't let it fool you. it plays on greed, what it actually is, is toxic financials selling out our children's future to change the true number of it's worth 666. Everything from that low has been a lie.

Its the banks that pump and dump to feed like a parasite on the hard working back of of the productive man, and cheat and change the rules on the fly to draw us in and take all for pennies on the dollar.

The world is changing, we are more connected than ever, the spin is of little effect.

You see the smoke is clearing and the mirrors are cracked the inbred families have lost control because we are becoming aware of the sting.

if you want to fight than fight with what they hate, for us to have gold the real money.

The S&P, all time high, with all the mark to fantasy equity, don't let them fool you it's shit.

Thu, 06/19/2014 - 09:30 | 4873243 TheReplacement
TheReplacement's picture

Was in the market until late December.

Why would you advise anyone to buy stocks when the prices are bouncing at all time highs?

Why would you advise anyone to avoid gold when it is discounted by 1/3 off its high?

Are you the kind of advisor who tells people to sell low and buy high knowing you'll get your cut now matter what (in addition to betting against the customers like certain banks we know of)?

So what it markets are disconnected from reality?  They will reconnect.  You do not know when.  Participating now is like playing Russian roulette by yourself.  Eventually the gun will go off and you will lose.  That seems stupid.

Thu, 06/19/2014 - 10:40 | 4873590 DebtSlaveZombie
DebtSlaveZombie's picture

Interesting.  You were in the market until late December?  Hmmm... the market was as big a risk if not more of a risk in 2011/2012/2013 than it is now.  Can you tell me why you were in the market then?  Because if you ask me, being long equities in 2010 and 2011 was the real Russian roulette.  But you were apparently.  Are you the kind of investor that tries to pick highs and lows and when you're wrong get mad when someone makes the statement that there is nothing stopping the bull market and there is real evidence/reasoning to support this fact?  The fact that the market is making all time highs everyday is the epitomy of a bull run.  Especially when the market is back stopped by the fed and low interest rates.  Where else is everyone gonna put their money?  The bank?  Bonds?  Gold???  This market isnt rocket science.

BTW, what am I advising?  Diversification of course.  lol. 

  • 35% in the S&P 500
  • 15% in the QQQ (Nasdaq)
  • 20% in international equities (avoid China and Japan) and look at Russia/SE Asia/some Europe exposure/Australia/Canada/Mexico and select African investments.
  • 10% in gold/silver/some miners
  • 10% in cash
  • 10% in real estate
Thu, 06/19/2014 - 18:39 | 4875583 dvfco
dvfco's picture

Hmm, I hate to criticize, but basically, you are 10% diversified.  You have 90% of your assets tied up in ways that our government can fuck everything up - and only 10% in metals.  And, even that 10% can be destroyed because it seems you'd be fine buying stocks in the metals.

Real Estate is beginning to crash again and is certain to collapse, and soon.  I'm just hoping that the Chinese go all in on US purchases before and as it collapses - kinda like the Japs in the late 1980s.  Even without a total collapse, property taxes are on the verge of doubling overnight, pretty much nationwide.

Cash has lost 98% of it's purchasing power in the past 100 years, or in other words, all it's fucking value.  It also used to be backed by gold.  Now it is backed by something called 'The Full Faith & Credit of the US Government' and it seems everyone is losing faith in the US Gov't at once.

With 70% in equities, maybe you'll end up like some Germans in the early 20th Century, with stocks at all time highs, but the money unable to buy squat.

As much as you'd like to think it is, that isn't really a diversified investment scenario.

On the other hand, to me, being diversified would means any % totaling over 95% of all money I own in a mix of gold and silver - and having stashes hidden in as many different places I deem safe.  So, maybe I'm nuts.

My big worry is the first time I'd ever offer to buy something from someone for a piece of silver or gold.  I just get the feeling they'd follow me around for a while before blowing my head off and hunting through every place they'd followed me.  

I might be paranoid, but it doesn't mean they're not after me!  In case you are wondering, I live next to the Clintons in Chappaqua, NY - in case you're looking for the gold and silver.  I hid it next to the former 1st family's security detail's back house.

Thu, 06/19/2014 - 10:35 | 4873574 Agstacker
Agstacker's picture

I wouldn't touch this rigged market with YOUR money, moron.

Thu, 06/19/2014 - 08:57 | 4873090 BORT
BORT's picture

ISIS putting dinars to work

Km n

Thu, 06/19/2014 - 18:26 | 4875535 dvfco
dvfco's picture

ISIS also putting our tanks, Black Hawks and other combat equipment to work - and very well it seems.  Thanks Barry.

BTW, what part of Obama's foreign policy isn't so fucking frightening it could give about 7 billion people nightmares?  Is it the fact that we are now appreciative of help from Iran, the fact that we've been funneling arms to Al Qaeda (or what could be perceived to be roughly the equivalent - i.e. people we distrust and despise) all over the Middle East, the fact that our only 'ally' (said tongue-in-cheek) Israel now distrusts us as much as they do Iran, the fact that Obama's such a fuck-up that he's been able to forge historic alignments between Russia and China as well as among other states that would not normally run from us?  Maybe all of the above?

What is it?  Oh, wait, maybe it's his domestic policy, which is the only policy Obama has fucked up as badly as his foreign policy - with one exception - immigration.  I guess that is because immigration falls into both camps - how to handle foreigners domestically.  So, that's fucked up in multiple ways.

At least, that is my very modest opinion.  

I wouldn't criticize unless I think I could do better, but in this case, my 11 year old son could do better - if he were allowed to consume more than 100 calories on school days between 8 a.m. and 4 p.m. ~ Thanks Mule Face.

Thu, 06/19/2014 - 08:59 | 4873094 realWhiteNight123129
realWhiteNight123129's picture

PUTIN

Thu, 06/19/2014 - 08:59 | 4873097 orangegeek
orangegeek's picture

Gold priced in USD is up because the USD is getting slammed as forecast.

 

http://bullandbearmash.com/chart/dollar-daily-swings-wild-falls-yellen-b...

 

The Euro and GBP are holding down the USD.  When these two roll over, USD will move sharply up.

Thu, 06/19/2014 - 09:00 | 4873104 coulous
coulous's picture

just mini-puke !!!

Thu, 06/19/2014 - 09:01 | 4873106 doggings
doggings's picture

big inflection point again on charts. currently poking through daily 50 & 200 averages http://clip2net.com/s/ilwK3B

a close above these flips algos to buy until its next squashed again

Thu, 06/19/2014 - 09:09 | 4873139 katchum
katchum's picture

There were a huge amount of managed money shorts out there... and even more in silver.

Thu, 06/19/2014 - 12:20 | 4874040 GS-DickinDaMuppets
GS-DickinDaMuppets's picture

You are right on - LOTS of silver shorts are in "cover mode".  This could actually get out of hand and over shoot to give us a shot at the $21 range - maybe.

Thu, 06/19/2014 - 12:37 | 4874106 Bemused Observer
Bemused Observer's picture

There are some very interesting fundamentals lining up when it comes to silver...

Thu, 06/19/2014 - 09:13 | 4873164 NoWayJose
NoWayJose's picture

This might tie into the plan announced yesterday by Russia to dump the dollar. Either someone within that plan is starting the process, or someone watching them thinks the plan might work.

Thu, 06/19/2014 - 09:14 | 4873165 disabledvet
disabledvet's picture

"John Paulson busts a move." I think somebody is smelling debt bubble nuke. If junk debt gets nuked "next up municipals."

Thu, 06/19/2014 - 09:15 | 4873175 Awakened Sheeple
Awakened Sheeple's picture

Options expiry tomorrow. Defo some fuckery going on.

Thu, 06/19/2014 - 09:22 | 4873203 Moe Howard
Moe Howard's picture

I'm waiting for negative gold prices. I will BTFD when it hits -$7.00 a troy ounce.

Thu, 06/19/2014 - 09:29 | 4873232 wanderintheland
wanderintheland's picture

Good luck with that. Even on paper.

Thu, 06/19/2014 - 09:33 | 4873255 Bemused Observer
Bemused Observer's picture

You know, the fact that I read this and it didn't immediately strike me as ridiculous tells you how bad things have gotten...I actually spent a few minutes wondering how they'd work that...

Thu, 06/19/2014 - 09:27 | 4873221 dumbStruck
dumbStruck's picture

Anti-dollar alliance, first move, don'twant to move to fast or drive up the price to fast.

Thu, 06/19/2014 - 09:29 | 4873233 Bemused Observer
Bemused Observer's picture

Gold futures? So, you mean paper...lol!
Let them go ahead, keep 'stacking' that lovely paper...Buy up those "futures" (paper). Mean while, I'll settle for 'presents'. (physical metal IN MY HANDS)

I do wish I knew enough to play this paper game though...if for nothing else, for the fun of it. It gets so boring waiting for "Armageddon"...But I guess I just don't have the mindset to play around with things that don't actually exist. And I can't get all worked up over 'profits' that I missed...if I get a nice return I'm happy, no matter how much "got away". Like when I bought a bunch of stocks for the first time ever, on the exact day everything hit its all-time low...quickly more than doubled my money, and cashed out, and never looked back. Even though the conventional wisdom says I missed an incredible run-up over the past 2 years. The way I see it, I can't have missed it, since I wasn't there...I was enjoying the little profit I made. AND I have avoided all the stress that seems to go along with this market and wondering when the hammer is coming down.

I'm not getting with their program on gold either...so many folks are crying in their beer over the price being kept so low. All they can see are the "profits" they think they lost. Whereas I see all the potential to buy more. I see the value differently...not as 'cream' I can skim off the top in the form of dollars, but as a store of value APART from dollars. The day-to-day fluctuations simply do not concern me, they are to me more like fashion trends...interesting, but you won't find them in my closet.

All I can say about these low prices is that it HAS had an effect...I'm finding more real gold being tossed in with the costume jewelry again. High prices get everyone checking stuff with a loupe...low prices mean they stop caring and lots of stuff slips by. And silver is all over the place. So I give them my paper, and they give me precious metals...sometimes it feels like I'm buying prime real estate from simple folk for a handful of beads and cowrie shells. Almost a guilty feeling...
But I get over it real fast.

Thu, 06/19/2014 - 09:41 | 4873302 DebtSlaveZombie
DebtSlaveZombie's picture

HAHA!!!! You should be the mascot for the gold freaks.  Please tell me the above comment was "tongue-in-cheek" in nature.  Because if not, greatest comment ever.  Words fail me.

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