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Who Just Bought Half A Billion Dollars Of Gold Futures?
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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just paper
Can Obama's drones attack paper?
ah maaaan, don't give him ideas!!!
Trick question. It's the same entity that is going to sell 2 billion dollars of gold futures next week.
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.
Time will come when a C-note is just a pimple on the chart or a wrinkle in the pocket.
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?
Whoever knows the answers to those questions doesn't post on ZH.
Manipulation goes both ways!
Word up dawg!
Is this baby steps towards getting Germany it's gold back?
Doubt it....but they can always hope.
http://www.zerohedge.com/news/2014-06-19/china’s-largest-gold-company-seeks-become-kingmaker-gold-market
Front run this
"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.
http://www.zerohedge.com/news/2014-06-19/china’s-largest-gold-company-seeks-become-kingmaker-gold-market
Front run this
Re hypothecated post
At least it is a real post, and not a paper promise to deliver a post.
+10
Au mining stocks up for a few days too...
Somebody knows something..?!
I know that ups are followed by downs. That's what I know.
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. :)
Miners.....flip that crap fast kiddies!
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.
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...
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.
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...
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.
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.
>> $35
There will be resistence at $35, me.
It'll get punched when the idjits figure out that SLV can't deliver on the longs.
Silver probably just reacted due to HFT algos that are programmed to buy silver on a gold spike.
We are there now, jsut go to the grocery store!
"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.
The account happens to be in Belgium
~"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? ;)
Manipulating gold price up? why would anyone buy that much all at once?
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.
That was somebody (China or Russia) sending a shot across the bow.
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.
"Twas Putin, just hedging his bets on those pesky sanctions.
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!
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.
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.
<<<<< just paper >>>>>
Unless he/she takes delivery
here we go.
I'm looking at my gold and it's still the same size :)
Maybe just paper, but could be short-covering. The squeeze is over.
That was us. Sorry but we're going to take delivery and see what happens.
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.
"months to withdraw"
the Germans wished it only took months
"months to withdraw" Think China's Aluminum
It does only take months...
84 of them +/-
Somebody closing out a short position.
Does that short position disappear, or is it just held by someone else now?
"Somebody closing out a short position."
Who owns Quingdao Port/Warehouses? for 100, Alex.
The price is being manipulated....
No shit!
In this case, upward...
Upward until this afternoon after tea and crumpets
>> 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.
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.
Our whole damn life is being manipulated and perverted...
Gold going up? Not possible! I hoped to get it for free in a few weeks!
I wish it was me....its a good time to buy...if you are buying the real stuff...not much left i think
the first move after the fomc is (almost) always a head fake
That is a big ass head!
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]
I don't think that is the correct quote
https://www.youtube.com/watch?v=-YGfkM3KCoc
Luke, BTFD, Luke...
http://online.wsj.com/media/1222pod01.jpg
When was that IPO? I missed it.
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.
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.
Good luck.
Is this another fat finger moment?
That's unpossible. Gold is supposed to stay in place like a good doggie.
But will they demand delivery?
And get their shares of GLD?
Gee, that would be a lot of Tungsten!
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.
ISIS just spent their $470 Million by the look of it
+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?"
Goldfatfinger.
Damn you, Kevin Henry. I said sell, not buy.
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.
This does prove that the gold market is real and not manipulated. Which is good cause I was concerned.
--->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
more likely...
I just bought 1000 NG for laugh and giggles.
I think you want Nitrous Oxide for that, not Natural Gas.
NovaGold....
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.
Putin dumping more treasuries?
China dumping shorts
Obama dumping in his shorts
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?
Should be north of $2000 prices in any number of asset classes. In MOMO flat scam terms, it should be north of $10k
Based on the alpha asset, oil, I reckon $1400 bucks...
>> 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?
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...
>> 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.
Shouldn`t there be an overlay of the change in the earth`s temperature on that chart.
Trolling pretty hard, eh?
how hard can you troll the troll
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...
Was it Belgium?
You can say anything or own anything on paper.
It's another matter to enforce it.
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.
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.
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.
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.
It's a vast right wing conspiracy...except when it's a minority.
+1,000,000 Save_America1st
So somebody attacked the 8:00am attack? A counter attack? This is not very noble I have to say!
almost... barbarous.
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.
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.
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.
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.
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.
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 MadrePrice of gold: https://www.youtube.com/watch?v=EQyqvFVe4Y4
""Happy Days are Here Again,"" --And don't forget the short skirt theory,
You are an idiot. Most gold bugs buy and hold as insurance, so you're narrow timelines are meaningless.
Maybe it was ISIL?! They seem to be flush with cash lately.
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...
$10,000
Bubble? $25,000
$1900...
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
price appreciation is a nice perk but not the main reason for owning gold
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.
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.
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.
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.
I wouldn't touch this rigged market with YOUR money, moron.
ISIS putting dinars to work
Km n
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.
PUTIN
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.
just mini-puke !!!
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
Maybe it was this dude:
http://laughingsquid.com/indian-man-custom-orders-23k-gold-shirt-to-impr...
There were a huge amount of managed money shorts out there... and even more in silver.
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.
There are some very interesting fundamentals lining up when it comes to silver...
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.
"John Paulson busts a move." I think somebody is smelling debt bubble nuke. If junk debt gets nuked "next up municipals."
Options expiry tomorrow. Defo some fuckery going on.
I'm waiting for negative gold prices. I will BTFD when it hits -$7.00 a troy ounce.
Good luck with that. Even on paper.
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...
Anti-dollar alliance, first move, don'twant to move to fast or drive up the price to fast.
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.
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.