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Gold & Silver Hit Multi-Month Highs As ETF Inflows Surge Most In 21 Months

Tyler Durden's picture


The last 2 days have seen something 'odd' happen in gold markets. As the China commodity finance deals are unwound and massive futures positions squeezed, Gold ETFs have seen the biggest inflows since September 2012 (and are their highest in 2 months). Whether this is the start of trend is unclear (as perhaps the conspiracy 'fact' proof of manipulation and rigging in the gold markets stalled the hollowing out of the gold complex). Ironic that this considerable rise should occur shortly after rumors of Germany's end to repatriation calls. Gold (and silver) has broken out once again this morning after the early dump on ADP 'good' news is well bid to 3-month highs.



Bloomberg has some color from analysts...

“Gold got its initial pop because of Russia, and then Iraq happened,” Phil Streible, a senior commodity broker at R.J. O’Brien & Associates in Chicago, said in a telephone interview. “Also, the dovish outlook from the Fed is increasing interest in gold, and we are seeing some investors return.”




“Although the overall macroeconomic backdrop remains unfriendly towards gold, with ongoing QE tapering, looming rate hikes and stocks at record highs, prices have generally been quite resilient,” UBS AG analysts wrote in a report yesterday. “That the aggressive ETF selling of 2013 has not made a comeback has provided ongoing support.”


Just days after the rumors of Germany ending its repatriation call, gold ETF inflows surge..

Charts: Bloomberg


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Wed, 07/02/2014 - 13:45 | 4918426 JustObserving
JustObserving's picture

But, but, but Goldman said that gold is going down to $800.  And they said Q1 GDP would be 3% - they got it spot on except for the sign.

Wed, 07/02/2014 - 13:53 | 4918460 DoChenRollingBearing
DoChenRollingBearing's picture



Buy and hold physical gold, fishez!  

Pt, Ag and Pd are OK too.  Even BTC is OK.

Wed, 07/02/2014 - 13:56 | 4918471 JustObserving
JustObserving's picture
Morgan Stanley: gold price won't see $1,300 again

Frik Els | April 29, 2014

The gold price on Tuesday continued to hover below the $1,300 an ounce level, down more than $80 an ounce from 2014 highs reached mid-March.

US investment bank Morgan Stanley added to the negative sentiment, forecasting the gold price to average $1,250 this quarter, decline to an average $1,168 in the second half of 2014 and weaken further to $1,138 next year.

The commodity analysts at Morgan Stanley are quoted in Barron's blog that record demand from China "won't be enough to keep gold’s price above $1,200 per ounce in the coming year, much less help it rise".

Wed, 07/02/2014 - 14:20 | 4918578 SoilMyselfRotten
SoilMyselfRotten's picture

"Although the overall macroeconomic backdrop remains unfriendly towards gold"

 Translated: We aren't done manipulating just yet

Wed, 07/02/2014 - 14:26 | 4918599 nope-1004
nope-1004's picture

Only a matter of time.  ETF's are pure fraud.


Nostradamus: (Cent. 8 Quat. 28)

Les simulacres d'or & argent enflez,
Qu'apres le rapt au lac furent gettez
Au desouvert estaincts tous & troublez.
Au marbre script prescript intergetez.

Translates as:

The copies of gold and silver inflated,
which after the theft were thrown into the lake,
at the discovery that all is exhausted and dissipated by the debt.
All scripts and bonds will be wiped out.

Wed, 07/02/2014 - 14:34 | 4918651 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Nice find!

Wed, 07/02/2014 - 14:44 | 4918685 BaBaBouy
BaBaBouy's picture

CAN The COMEX ""Commercials"" Keep Up This Pace Of DUMPING Paper GOLD/SILVER ?????

Desperate POG Suppression ?????

Wed, 07/02/2014 - 17:29 | 4919267 Jack Napier
Jack Napier's picture

BTC is OK, yep, if you plan on being a slave to the grid instead of getting out of dodge when the simplification begins.

Wed, 07/02/2014 - 17:44 | 4919320 nailgunnin4you
nailgunnin4you's picture

BTC is OK, yep, if you plan on being a slave to the grid instead of getting out of dodge when the simplification begins.


you're a flop


+1 for the positive mention dochen, zerohedge's collective btc sentiment becomes less bearish everyday

Wed, 07/02/2014 - 19:08 | 4919547 Squid-puppets a...
Squid-puppets a-go-go's picture

Tyler still banging this rumor of germany quitting? I thought it was comprehensively discredited.

Wed, 07/02/2014 - 14:37 | 4918662 WmMcK
WmMcK's picture

Thank you for the hardy laugh!

Wed, 07/02/2014 - 14:43 | 4918686 Save_America1st
Save_America1st's picture

and the silver/gold ratio has dropped from around 66.5:1 at the beginning of May down to around 62.5:1 or so now.

Nothing great...yet.  But I can't wait to start seeing it back in the 50's, 40's and then hopefully down into the 20's one of these days.  If it breaks 30:1 some day it'll definitely mean it's heading back to it's normal levels.  The overshoot from skyrocketing silver values might even bring it close to parity with gold. 

How freakin' crazy will those days be in this out of control world??? 

Lead/copper projectiles are starting to come down in costs now too.  Keep an eye out for those internet sales and stack up on it. 

Ammo:  The Other Precious Metal

Wed, 07/02/2014 - 23:20 | 4920131 Romulus76
Romulus76's picture

Silver is going to hit a physical shortage.  Paper manipulation can't stop that.  Read Ted Butler's article from last week, he nailed the current state of precious metals.

Thu, 07/03/2014 - 08:53 | 4921020 Flakmeister
Flakmeister's picture

This has been the story for years....

Same old, same old...

Thu, 07/03/2014 - 04:10 | 4920635 Gief Gold Plox
Gief Gold Plox's picture

I can't be the only one who read "thrown into the lake" and thought "boating accident"?

Wed, 07/02/2014 - 13:56 | 4918463 TeamDepends
TeamDepends's picture

You'll never see $1300 gold again.

-Morgan Stanley

Wed, 07/02/2014 - 14:00 | 4918489 FuzzyDunlop21
FuzzyDunlop21's picture

goddamn right we wont

Wed, 07/02/2014 - 14:33 | 4918643 TeethVillage88s
TeethVillage88s's picture

That is what they tell the Customer

What do they Tell The Elites!!!!!

Finance is always about Screwing people in the Anus.

What do you call someone that uses the Shadow Banking System to Sell $700 Trillion... Maybe Shill, Fraud, Racketeer, Mafia, Yakusa, Tong, Wall Street, Fed, US Congress, President of the USA?

I don't like any of the Answers.

Wed, 07/02/2014 - 14:10 | 4918517 thunderchief
thunderchief's picture

I figured this morning would be another waterfall event. Commercials going balls deep in comex shorts.

Just hope they pull out before reality sinks in.

Know one cares about the propaganda now, just like the bogus job numbers that fade by these Wall Street shills first coffee break.

Like Yellen said, its just noise.

Keep buying...miners and physical.

Wed, 07/02/2014 - 14:21 | 4918580 SuperRay
SuperRay's picture

What's ironic is that all these Kool Aid drinkers who are now buying gold because Russia and China are dumping dollars (which is the real reason why they're buying) still believe that paper gold means something.  Wait til they wake up and realize it's worthless.  That's when we'll see a run-up like you've never seen before...

Thu, 07/03/2014 - 07:23 | 4919217 TeethVillage88s
TeethVillage88s's picture

Ammo, Gold, Silver, Derivatives, Buying PLUS Big Money Earnings Getting Stashed in Accounts.

Corrected this

Maybe that is the reason that money has low velocity. Maybe the narrative is all Wrong

No Government Mistake that Iraqi Civilian Deaths, Wounded, Refugees, and homes & Business Destroyed are not Data that are Collected.

-The government Refuses to collect data that looks bad.
-It also refuses to collect data that show Job Loses to Specific Industries (at least at the Fed in FRED Data)
-There is no Fed Data that shows Stagnant Capital, or money sitting in accounts of the Rich
-There is no Fed Data that shows the Dollars that Fly Off Shore to sit in Foreign Bank Accounts
-There was no Announcement that the actual Corporate Income tax Rate is now 14.4%
-Where is the FRED Chart that shows the Ratio of Money Invested in Financial Markets by Banks instead of Invested in the US Economy (Oh, I forgot we have to allow Capitalist to move capital offshore, Stash the cash, Lubricate Public & Private Executives, and Decapitalize US Businesses)
-Where is the data in FRED that shows that Social Programs have Sky Rocketed due to Mergers, Acquisitions, Arbitrage, and LBOs
-Where is the Data that shows Decapitalization of America

Wed, 07/02/2014 - 14:08 | 4918521 Da Yooper
Da Yooper's picture

But, but, but Goldman said that gold is going down to $800.



would Goldman lie to the GDP?


You damn right they would lie their ass off if it would make them a buck.


It is in their nature to lie to the sheeple.

Wed, 07/02/2014 - 13:47 | 4918431 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Keep stackin baby.

Wed, 07/02/2014 - 14:14 | 4918553 disabledvet
disabledvet's picture

You're gonna need at least 100 billion for the defense of Israel.

"Start buying paper everything." If it's a bubble too bad. And yes...that includes gold too. That price could fall to four hundred bucks and ounce no problem...that's how much gold exists once you include the Ocean and "nuclear steam."

The fact of the matter remains once the paper market resets there is only asset class that offers any carry whatsover...let alone return (of capital)...and that's Treasuries.

Everything else is just a moonshot.

Wed, 07/02/2014 - 15:45 | 4918937 dizzzave
dizzzave's picture

Whats the fair/real price for gold?

If its significantly higher than the price is now, why are people selling it to you?

Wed, 07/02/2014 - 17:49 | 4919337 Divine
Divine's picture

The miners can get it up the ground with around $1200 with current price level of oil ceteris paribus. They need to sell some to remain in operation. Bankers lease and sell other peoples gold, so it doesn't feel bad at all :)

Wed, 07/02/2014 - 13:46 | 4918434 LawsofPhysics
LawsofPhysics's picture

Are these "ETFs" taking delivery of physical?

No? fucking irrelevant then.

Wed, 07/02/2014 - 14:13 | 4918551 Thomas
Thomas's picture

Or worse, bearish. If banks are turning in gold to get shares, that is a problem.

Wed, 07/02/2014 - 13:48 | 4918441 buzzsaw99
buzzsaw99's picture

sell bonds, buy gold. huh, didn't see that one coming.

Wed, 07/02/2014 - 13:51 | 4918452 Pareto
Pareto's picture

he he heee.  must not be drinking liquids reading buzz.

Wed, 07/02/2014 - 13:50 | 4918451 mayhem_korner
mayhem_korner's picture



Forestalling a real breakout in gold & silver prices is at the top of the CBs list.  The $1900 gold and $50 silver was the wake up call.  They won't let it get away from them again...until they can't stop it. 

Until then, stack and wait.

Wed, 07/02/2014 - 13:58 | 4918476 Flakmeister
Flakmeister's picture

Nominal gains get you all excited?

Wed, 07/02/2014 - 14:01 | 4918494 mayhem_korner
mayhem_korner's picture



Sorry, Flak.  You must've mis-posted here.  Unless you're caught in another irrelevance vortex.

Wed, 07/02/2014 - 14:05 | 4918508 Flakmeister
Flakmeister's picture

Should have sold when Au and Ag topped out at 50 and 1900...

BFD, if Au hits 1900 again and oil is 150 or so and a loaf of decent bread is $8...

Wed, 07/02/2014 - 14:20 | 4918579 mayhem_korner
mayhem_korner's picture

Should have sold when Au and Ag topped out at 50 and 1900...


Didn't know you were both a scientist (sic) and prognosticator.  Thanks for the insight.  Did you also tell me to buy more back when silver was $7 and gold was $300?  I can't recall...

Wed, 07/02/2014 - 14:30 | 4918630 Flakmeister
Flakmeister's picture

I am only expressing my regret at not selling...

Wed, 07/02/2014 - 14:40 | 4918679 Grande Tetons
Grande Tetons's picture

Would you sell this time if these same levels are reached once again?  

Wed, 07/02/2014 - 14:54 | 4918731 Save_America1st
Save_America1st's picture

sell for what?  Dollars???  Hellz no!  Gold and silver are insurance, not investments.  Use other fiat for that investment crap and stash away the phyzz for who knows when...maybe never...maybe til we die and pass it on to someone else (secretively, of course).

Maybe when/after/during the SHTF I'll try to barter some Ag or Au away for a nice chunk of land with a cabin some where in the mountains.  Or a farm with all the equipment thrown in.  Who knows?  Maybe 1 monster box of ASE's will be worth enough in trade for something like that.

I don't know...lots of scenarios but since none of us have ever lived through the shit that's coming then none of us knows if we'll even be able to do some kind of trade like that.  Many of us might end up dead or locked up in some FEMA camp and our stash will stay buried away where nobody will ever find it. 

But 1900 and 50 sure ain't gonna saperate me from any of my phyzz.  I might still be stacking at those prices because 3000 and 100 might be only a few days later at that point.  Then 5000 and 250, etc. etc.  Ya never know

But I'm sure we're going to find out one of these days.

Wed, 07/02/2014 - 14:58 | 4918762 Grande Tetons
Grande Tetons's picture

I look at PMs like insurance as you do. Since, the world is on point selling. 

Wed, 07/02/2014 - 15:25 | 4918857 Save_America1st
Save_America1st's picture

yep...and I've always kept the hyperinflation chart in the back of my mind when it comes to gold "prices" when the SHTF.


can you imagine those people who sold their gold at 10,000/100,000/and 1,000,000 marks, only to see that fiat burned away by the immediate inflation that took that same gold higher to values 10,000,000/100,000,000/and even as high as 1 Trillion marks as hyperinflation went parabolic in such a short time? 

That chart should be burned into the very front of every stacker's brain. 

Wed, 07/02/2014 - 15:49 | 4918959 dizzzave
dizzzave's picture

I'm curious why you think people will desperately want useful goods for shiny metal when SHTF.

If I have land when SHTF, I'm not going to trade it to you for a box of silver or gold coins.

Wed, 07/02/2014 - 16:10 | 4919037 Save_America1st
Save_America1st's picture

the possible scenario may be that many people will be wiped out by that kind of situation.  Many may not have food and they may have land that they can no longer afford.  Since fiat money will be worth nothing, then there may be many who would trade certain assets like land, a home, etc. for silver or gold so that they can use it for other goods that they want and need like food or just a smaller place to live.  I don't really know.  As I said, "who knows"? 

I once read where some analyst was talking about this (don't remember who it was), and he said that once the dollar is done, people will be able to buy multi-million dollar penthouses in New York City for a monster box of ASE's.

Now, I don't think that would be true.  And even if it was I sure as hell wouldn't want to live in NYC or and big city for that matter...they will become nasty death traps, which is why in my example I would hope that I could find something very far from any cities. 

The world has never experienced the scenario that is coming...maybe our phyzz will help us get out of America all together as there may be other safe havens we could use it to gain passage to and start over again. 

But as I's all just a big guessing game cuz nobody knows what the hell the world is going to be like.  It sure didn't get any better for the German's back in the late 20's, and the 30's and early 40's, did it?  I bet a lot of Germans wish they had used their precious metals to evacuate the country.  Those that did....they lived. 

Wed, 07/02/2014 - 17:55 | 4919351 Divine
Divine's picture

A farmer might have land, but if he needs something else - lets say a surgery. He might find it easier to trade gold for the procedure than change 600 kilograms of cabbage to it.

Wed, 07/02/2014 - 20:38 | 4919780 barre-de-rire
barre-de-rire's picture

shtf the gold/silver is only valuable to trade remaining available goods & tools : equipment you miss.

when every buyable food 'n drinks is gone  & only remain self produced stuff, you will never get food by trading some gold/silver....

metal is not eatable & when ppl are hungry, they dont give a shit to not brush teeth, smell like crap, be naked or having 20kg of gold in pockets....

99% prepper do not understand that.


knowledge is the key. ability to craft, adapt.


money is pointless.

Wed, 07/02/2014 - 22:53 | 4920161 Romulus76
Romulus76's picture

When the SHTF what will you trade with?  Paper?  Maybe wood, at least it would put out more heat when burnt.   I do agree with your implied premise that land is going to be very valuabe, but there is still going to need to be trade.

Wed, 07/02/2014 - 13:52 | 4918453 Devotional
Devotional's picture

Elliot Wave theory is suggesting a 338 USD retracement? There is a chance of sub 1000USD. That is not my analysis at all.

Any thoughts on this Elliiot Wave analysis?

Here is the analysis:

NOTE: I am NOT promoting anything :))

What do you guys think? Major move down or is this bullshit theory?

Wed, 07/02/2014 - 13:56 | 4918470 NOTaREALmerican
NOTaREALmerican's picture

Elliot does outstanding Ram Truck commercials.   That low manly cowboy voice causes other males to crave Ram Trucks so that, they too, can be a manly cowboys.    

So,  I'd trust what he has to say about gold. 

Wed, 07/02/2014 - 13:59 | 4918481 Devotional
Devotional's picture

was the /sarc forgotten?

Wed, 07/02/2014 - 15:22 | 4918834 SuperRay
SuperRay's picture


Wed, 07/02/2014 - 13:57 | 4918472 AL_SWEARENGEN

Cocksuckers come in many different names.  Elliot Wave is one of them.

Wed, 07/02/2014 - 13:58 | 4918482 mayhem_korner
mayhem_korner's picture



As long as the illusion persists that the USD is a real, sustainable medium of exchange, any price between $500 and $5000 seems plausible to me.  Trade at your own risk if you view gold as a "play" in that arena.

But if you view gold as a store of value that transcends fiat currency, then there is no real point to worrying about the "price" of gold in USD.  The purchasing power of gold is what does and will matter.

Wed, 07/02/2014 - 14:08 | 4918520 Flakmeister
Flakmeister's picture

And the purchase power of Au and Ag have been deflating against oil since the mid 80s with the exception of a couple of spikes... Even moreso for Ag....

BTW, I am pretty damn sure that I have more physical than you....

Wed, 07/02/2014 - 14:12 | 4918545 Amish Hacker
Amish Hacker's picture

That last sentence should be said in your best Jamie Dimon voice.

Wed, 07/02/2014 - 14:15 | 4918555 Flakmeister
Flakmeister's picture

Before or after the tracheotomy?

Wed, 07/02/2014 - 15:21 | 4918831 Tall Tom
Tall Tom's picture

Well it will be easier for you to mimic Jaime's voice after Jaime's tracheotomy...since you lack an Adam's Apple in the first place...FlakFRAU

Wed, 07/02/2014 - 15:31 | 4918878 Canadian Dirtlump
Canadian Dirtlump's picture

I can't wait to see how a cancr kazoo looks on him.

Wed, 07/02/2014 - 14:23 | 4918591 mayhem_korner
mayhem_korner's picture

BTW, I am pretty damn sure that I have more physical than you....


You sound like the NY Fed on the phone with Germany.  Only a fool takes a bet knowing one side of the equation. 

I will leave you to relish in whatever you want to believe is true.

Wed, 07/02/2014 - 14:26 | 4918600 mayhem_korner
mayhem_korner's picture

And the purchase power of Au and Ag have been deflating against oil since the mid 80s with the exception of a couple of spikes...


And AGW is true with the exception of a couple of facts that unravel the whole theory...

Wed, 07/02/2014 - 14:34 | 4918648 Flakmeister
Flakmeister's picture

Ok troll, I'll bite, what would those "facts" be?

Oh, since you are so sure, why don't you try and claim the $30,000 up for grabs?

Wed, 07/02/2014 - 14:48 | 4918710 mayhem_korner
mayhem_korner's picture



I'd be pretty safe offering 10x that to anyone who can prove man-made climate change.

Wed, 07/02/2014 - 15:19 | 4918804 Flakmeister
Flakmeister's picture

As expected, Gutless and clueless...

Here are summaries of 7 peer reviewed studies that would claim to differ

The studies are Tett et al. 2000 (T00, dark blue), Meehl et al. 2004 (M04, red), Stone et al. 2007 (S07, green), Lean and Rind 2008 (LR08, purple), Huber and Knutti 2011 (HK11, light blue), Gillett et al. 2012 (G12, orange), and Jones et al. 2013 (J13, pink).  The numbers in this summary are best estimates from each study; uncertainty ranges can be found in the original research.

Not to mention these measurement summarized here:

Including direct measurement of the the change in outgoing long wave IR from 1970-1997...

I'll take the proceeds in physical, assuming you have enough to cover...


Wed, 07/02/2014 - 15:32 | 4918881 mayhem_korner
mayhem_korner's picture



Congratulations - you just won the $30K.

Wed, 07/02/2014 - 15:34 | 4918889 F.A. Hayek
F.A. Hayek's picture

Do these include the manipulated findings from EAU or do those not support your storyline?

Wed, 07/02/2014 - 15:55 | 4918932 lordylord
lordylord's picture

The problem with mainstream climate change studies, is that they ignore non-man made sources for climate change (e.g. solar cycles).  If you are only looking at the effects of man, then of course you will conclude a false hypothesis.  Governments eat it up because it gives them an excuse for global governance, more taxes, more regulations, and more CONTROL.  Why does Flak love to cheerlead bad science on Zero boards?  He/she must love preaching the gospel according to the State.

Wed, 07/02/2014 - 23:06 | 4920192 Flakmeister
Flakmeister's picture

That would explain why the sun has been in an downtrend for 40 years just when the warming really kicked in...

The sun is an old discredited hedgetard meme...

Wed, 07/02/2014 - 15:38 | 4918892 lordylord
lordylord's picture

Like it or not, Flak, AGW is still not confirmed.  Not by a long shot.  I think that most people's resistance to accepting AGW (though, as a scientist, I don't accept it based on scientific reasons) is that governments are looking to capitalize on it.  Governments will issue more taxes, more regulations, gain more power and gain more control without even doing anything to reverse the supposed effects of AGW or to help the environment.  It is all just a big money and power grab for governments. 

Wed, 07/02/2014 - 23:00 | 4920180 Flakmeister
Flakmeister's picture

Knock it off hedgetard...

AGW is done deal, get over it...

Wed, 07/02/2014 - 15:45 | 4918943 holmes
holmes's picture

"NOAA Quietly Changes Warmest Year Back to 1936 Without Comment"

Flak, I guess you enjoy reading the fiction the Global Warming Cultists put out.


Wed, 07/02/2014 - 23:03 | 4920185 Flakmeister
Flakmeister's picture

And pray tell what does one month in 2% of the earths surface tell you when we have had 230 or so straight months above the 20th century average for the globe....

Thu, 07/03/2014 - 08:46 | 4920994 holmes
holmes's picture

It tells me the Global Warming cultists have an agenda and are manipulating the data.

That too obvious for you?

Thu, 07/03/2014 - 08:56 | 4921033 Flakmeister
Flakmeister's picture

The only thing obvious is that you are lying to yourself about the science...

It is called living in an a state of denial, a common Hedgetard affliction...

Wed, 07/02/2014 - 15:36 | 4918900 Canadian Dirtlump
Canadian Dirtlump's picture

What I wonder is why the surfaces of all the planets in the solar system have been warming and if that is man's fault.


What kills me is global warming was a "settled science"  yet is happened nothing like they said it would ( the end of winter ) so their settled science has to keep changing..


Figure that one out. In any event any climate change believer who doesn't spend every day working to reduce his or her carbon footprint is an asshole.

Wed, 07/02/2014 - 15:59 | 4918998 lordylord
lordylord's picture

"In any event any climate change believer who doesn't spend every day working to reduce his or her carbon footprint is an asshole."

e.g. Al Gore

Like I said earlier, it is all just one big money and power grab for governments and the well-connected.  There is no concern for the environment and the science itself is very wishy-washy.


Wed, 07/02/2014 - 15:05 | 4918787 _disengage_
_disengage_'s picture

I miss the good old days - where the burden of proof was on the claimant.

Wed, 07/02/2014 - 16:23 | 4919077 armageddon addahere
armageddon addahere's picture

Ha ha ha I am willing to offer a $300,000 prize to anyone who can prove to my satisfaction that flying saucers don't exist.

In the scientific world, the idea of proving something doesn't exist is like a joke. Same as all the Creationists who think  Evolutionists can't prove God doesn't exist, therefore Intelligent Design.

It's not hard to prove Global Warming is a fake. Just cut a few of their predictions out of the paper, wait a few years, and see if they came true.

Thu, 07/03/2014 - 08:56 | 4920188 Flakmeister
Flakmeister's picture

You seem to be a particularly dumb lump of shit...

Just show it is wrong, thats all...

Wed, 07/02/2014 - 14:29 | 4918616 Tall Tom
Tall Tom's picture

Penis envy FlakFRAU?


While that may be normal for a preteen girl it is extremely abnormal for a grown woman.

Wed, 07/02/2014 - 14:34 | 4918652 mayhem_korner
mayhem_korner's picture



Flak is she-beast?  Fascinating.

Wed, 07/02/2014 - 15:17 | 4918818 Tall Tom
Tall Tom's picture

Yeah. She is.

Wed, 07/02/2014 - 15:17 | 4918821 Flakmeister
Flakmeister's picture

It helps then to focus their misogynist driven hate if they think I am female...

Wed, 07/02/2014 - 16:01 | 4919007 Tall Tom
Tall Tom's picture

I do not detest women in the least FlakFRAU.


But I do detest dishonesty, FlakFRAU.


So I seek to expose FRAUD in all things and people...including within you.

Wed, 07/02/2014 - 15:38 | 4918909 ThankYouSatan
ThankYouSatan's picture

Did some one say beasties:


If you haven't seen Tommy, its worth the 15 minutes

Wed, 07/02/2014 - 16:15 | 4919051 Tall Tom
Tall Tom's picture

"Men" wearing "Hair Hats"???


That was just sad. He is right. Who would sleep with that?


"Less than a whore". He is correct about that.

Wed, 07/02/2014 - 15:26 | 4918863 SuperRay
SuperRay's picture

"BTW, I am pretty damn sure that I have more physical than you...."

Unbelieveable arrogance..

Unfortunately, in my experience I have observed that arrogance and competence have a very high inverse correlation..

Wed, 07/02/2014 - 17:36 | 4919291 DrewJackson
DrewJackson's picture

How many barrels of crude do you have in the backyard?

Wed, 07/02/2014 - 14:07 | 4918516 walküre
walküre's picture

Not in my wildest dreams. I'd be happy as a pig in shit if I could buy sub 1000.

There is NO functioning market and for that reason, all analysts or chartists are wrong in all of their assumptions. How can they try and predict what is going to happen when the very environment they are researching is manipulated by what amounts to a handful of people? Unless the chartists are working on behalf of the manipulators to try and get people excited and losing money.

Stay clear.

Wed, 07/02/2014 - 14:12 | 4918537 Flakmeister
Flakmeister's picture

Sub  1000 ain't gonna happen again....

Using oil as a benchmark you could argue that fair value for Au is ~1420...

Wed, 07/02/2014 - 14:53 | 4918735 Tall Tom
Tall Tom's picture

Personally I am hoping for sub 1000 Gold, FlakFRAU. I am also hoping for $40 Oil.


A Deflationary Collapse is more preferable than a Inflationary Collapse for those whom support the Government. At least the Common Currency does not die. At least there is something common amongst the diverse elements within the Nation, the currency being the only thing common to most of us. We pretty much use the same shit, the same fiat currency.


But the outcome of the predicament has not yet crystalized, nor, has it been "carved in stone".


If I truly believed that the Hyperinflationary Inferno event was an absolute certainty then I would position myself into 100% Gold and Silver and liquidate as I needed Cash. But I do not believe that. So I do that which is prudent and own PMs as an insurance hedge.


If you truly believed that "sub 1000 ain't gonna happen again..." then you'd need to be "all in". (But since you are irrational maybe I'd need expect that you might not be "all in".) Behavior speaks louder than words, FlakFRAU.


But you have the Crystal Ball, FlakFRAU, as you arrogantly proclaim to be able to accurately forecast.


What I find curious is that a statist as yourself is looking forward to, is betting on, the Financial Collapse of the USA as Gold is a bet AGAINST THE STATE.


Are you a little Double Minded FlakFRAU?

Wed, 07/02/2014 - 16:30 | 4919087 armageddon addahere
armageddon addahere's picture

Charting works BETTER in a manipulated market. The early chartists (before the depression) were trying to track the moves of the big operators and pools. They believed the big boys used the same modus operandi over and over and if you could figure out the pattern, you could front run their moves.

Look at the way  markets  are regularly monkey hammered and just as regularly juiced up. Learn the patterns and take advantage of them.

There are frequent articles on ZH describing these repetitive patterns of manipulation.

Wed, 07/02/2014 - 16:10 | 4919031 Max Cynical
Max Cynical's picture

"Elliot Wave theory is suggesting..."

Technical analysis means nothing when every market is manipulated

Wed, 07/02/2014 - 13:52 | 4918457 earleflorida
earleflorida's picture

When and if a major world war breaks out, 'only', to keep the USSA MIC's in the green... as in boogey-man, the only currency in the world worth having is "GOLD".

Note: when COIN operatives go in?, they carry hundreds of thousand dollars worth of pure-gold!

why do you think that is...? 

Wed, 07/02/2014 - 13:57 | 4918473 Kaiser Sousa
Kaiser Sousa's picture

beware the NFP winds...
Attack Schedule:
1) 2:00am
2)The London Open
3)Comex open
4)London close
5)hour b4 Comex close
6)Globex tomorrow going into no trading on the "4th of bullshit" day.

Silver shining though...
drinks on me...

Wed, 07/02/2014 - 14:26 | 4918602 Kaiser Sousa
Kaiser Sousa's picture

see what i say about the Comex close....
the predictable nose dive into the close...

Wed, 07/02/2014 - 16:36 | 4919106 Tall Tom
Tall Tom's picture

The Gold Bugs will prevail over the StockRoaches in the not so short term.


No worries.


Keep your Principles above that of vaccuous "profits".


The "value" of a US Dollar is just a fiction...some electronic data bits stored in the databases of some machines.

Wed, 07/02/2014 - 14:00 | 4918488 Bill of Rights
Bill of Rights's picture

WOW California going full retard.

Bill Text - AB-1014 Gun violence restraining orders.

AB 1014, authored by Assembly members Das Williams and Nancy Skinner, would create ‘gun violence restraining orders’ that would allow police to proactively confiscate firearms and hold them for one year with no due process merely based on an accusation made by an immediate family member, a law enforcement officer or a health professional.

“This bill would allow a search warrant to be issued when the property or things to be seized are a firearm or firearms or ammunition that is in the custody or control of, or is owned or possessed by, a person who is the subject of a gun violence restraining order and who is presently known to have in his or her custody and control or possession, or to own a firearm or firearms or ammunition,” states the bill.

YouTube - CAL-FFL AB 1014 Legislative Update - Civil Rights Still Under Attack

Wed, 07/02/2014 - 15:26 | 4918865 seek
seek's picture

It's CA, so crap like this will probably pass, but like the roadside cell phone searches there's little question this is unconstitutional (in addition to the usual 2nd amendment issues, huge due process violation.)

If you care about firearms, civil rights, or keeping any money you earned, get the fuck out of California.

Wed, 07/02/2014 - 15:33 | 4918885 quasimodo
quasimodo's picture

Pretty sure CA went full retard many moons ago. 

Wed, 07/02/2014 - 15:33 | 4918886 quasimodo
quasimodo's picture

Pretty sure CA went full retard many moons ago. 

Wed, 07/02/2014 - 14:03 | 4918501 walküre
walküre's picture

OFF Topic.

Emails are only coming through very sporadic today. Couple friends using different servers or hosts have the same issues.

Something's going down.

Wed, 07/02/2014 - 14:32 | 4918637 DoChenRollingBearing
DoChenRollingBearing's picture

gmail is working OK for me, no problems that I can see.

Wed, 07/02/2014 - 15:32 | 4918880 seek
seek's picture

I've noticed ping times to the several servers I have spread over the country getting a little longer, but functioning.

Also had a friend do an inbound test via gmail, seems to be working fine but w/ slightly longer delay.

Wed, 07/02/2014 - 14:05 | 4918505 buyingsterling
buyingsterling's picture

I'll be buying sterling

Wed, 07/02/2014 - 14:06 | 4918511 youngman
youngman's picture

PMs are the last to bubble.....lets get it on....its our turn to bubble...

Wed, 07/02/2014 - 14:13 | 4918548 Flakmeister
Flakmeister's picture

That is so 1980....

Wed, 07/02/2014 - 14:16 | 4918560 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

That's ok..I loved the 80's.

Wed, 07/02/2014 - 14:18 | 4918570 Flakmeister
Flakmeister's picture

Simple Minds and Duran Duran was your thang?

Wed, 07/02/2014 - 14:28 | 4918613 WmMcK
WmMcK's picture

I was listening to "Just The Two Of Us" when Ag crossed $50 the last time.

Grover (Washington, not my friend Cleveland) remains cued up for the next time.

Wed, 07/02/2014 - 14:50 | 4918726 Rosie-Redknapp
Rosie-Redknapp's picture

Depeche Mode ...."The grabbing hands grab all they can" Everything Counts

It's like a stackers theme tune !

Wed, 07/02/2014 - 14:17 | 4918566 TeethVillage88s
TeethVillage88s's picture

I lost money and I want it back!


I will settle for a Bankers Scalp according to American Tradition as long as "We are Told the Banker is now Dead".

Wed, 07/02/2014 - 14:17 | 4918567 Itchy and Scratchy
Itchy and Scratchy's picture

Paper money buying paper gold.

Wed, 07/02/2014 - 14:30 | 4918594 constantine
constantine's picture

The concept of buying ETF shares, which are only redeemable to large shareholders is so unbelievably stupid to me that I am tempted to laugh if not for the fact that it is truly so sad.  

So here's the future that I see for average holders of GLD... the world's financial system inevitably starts to melt down as reality, similar to the laws of physics, strikes the global debt loads (bond markets).  Derivatives start a massive meltdown across the spectrum as banking crises renders 'counterparty risk' as the most common term noted in mainstream financial television.  In natural response to widespread panic, people start to seek out things, such as physical gold, that don't rely on the solvency of others.  George Soros makes a call to a couple of his friends at the large banks informing them that he would like to redeem his GLD shares for the real stuff.  Since he holds an amount of shares far and away greater than the minimum required for delivery, not to mention the fact that he is well connected, he and friends like him get the miniscule amount of real solid gold that actually backs up this ETF ponzi scheme.  The rest of the average guy shareholders are not entitled to physical metal per the prospectus since they don't hold anywhere near enough shares.  As the derivatives meltdown continues, the price of gold futures contracts, which are the basis from which the price of GLD shares are derived, crash as everyone realizes that there's no chance in hell that they're going to be able to get delivery out of the massively leveraged gold ponzi that is our COMEX mis-'market'.  In the meantime, the price for real gold on EBAY and at shops is skyrocketing.  So GLD shares collapse while real gold skyrockets.

Congratulations GLD holders, you just financed the worlds' elites ownership of physical gold in exchange for worthless digits on your computer screen... and guess what, it was legal... just read the prospectus... unethical?, sure... 

Wed, 07/02/2014 - 15:10 | 4918805 crazybob369
crazybob369's picture

Couldn't agree more. Darwin's law at work in the financial world.

Wed, 07/02/2014 - 17:08 | 4919197 LawsofPhysics
LawsofPhysics's picture

That is wthout a doubt simply another "let them eat cake" outcome.  Only this time on a global scale.  We all know how that turned out. 

Wed, 07/02/2014 - 14:28 | 4918621 alexcojones
alexcojones's picture

I thought Morgan Stanley went bankrupt?

I mean Morally, Ethically and Brainlessly Bankrupt?

Wave Bye-Bye in the mirror to AU

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