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Gold Dumped (Pre-CPI) And Pumped (Post-CPI)
9 minutes before CPI data hit, gold futures were slammed lower on notable volume ($390 million). Then as CPI hit and "noise" was evidently not going away, gold prices surged over $12 to $1316 obn very heavy volume... Gold is moving inversely with the USD (which is flying around) as stock rally (?) and longer-term bonds rally/flatten.
and in detail...
The USD Index is all over the place...
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seems be getting re-slammed back down now
"re-slammed" = "SSDD" = "biz as usual"
decisions...... decisions.....
real money or frn's......
hard choice i guess for some.
Dont buy gold....dont buy gold...........dont buy gold dont buy gold...........dont buy gold
Looks like I picked the wrong day to stop taking amphetamines.
and sniffing glue
Looks like someone sold (paper) gold to buy DXY...and neither worked. Must be the PPT wasting more money that we could be spending on illegals instead.
The "sell /GC" button on Kevin Henry's keyboard is going to be getting quite a workout with the unrelenting "noisy" CPI data.
Just wait until the gubermint starts looking at Kalashknikov/Izhmash rifles and shotties... them babies gettin' pricey!!!!
Long guns, lead, and monetary metals. Short obama...
Positive GDP numbers have to come from somewhere.
Let the gunnies pay for it.
Percentage wise it hardly moved at all.
Such histrionics here lately.
yeah, you really have to zoom in on that gold price chart to see any movement at all. gold bitchez. lulz
Looks like the EKG of a dead man. One beat and then flat line again. They say that markets are bigger than manipulation, unless you have a derivative market and a country that is willing to risk its reserve currncy status levering itself with derivatives to control markets.
Paper gold is for suckers
Then GLD must be an everlasting gobstopper
One of my favorite comments from ZH...and there have been many great ones...multiple hat tips to you.
so is paper fiat currency
This fall is going to get really difficult.......If we can even make it........I am going to take out one of those easy money loans and buy LEAP puts in all indexes!!
CMG to 700! Gimme a break!! Shitty Burritos equals 700 stock price. Fantasy land is becoming laughable!! I guess BTFD for now. But it is getting close to imploding!!
the banks and brokers appreciate your bidness.
Dollar index is getting close to completing a well formed head and shoulders on the daily chart. If this holds and starts to roll over..........The dollar is fucked!!
Oh I guess that means DOW to the moon right!! HaHa!! Oh and gold to the moon right!! Which one is it?????
In other news:
U.S. Vice President Biden says Putin has no soul: New Yorkerhttp://www.reuters.com/article/2014/07/21/us-usa-russia-biden-idUSKBN0FQ...
biden has no brain
Biden's boss has no testicles
That's just crazy Uncle Joe.....he's job insurance for Obama.
Sure he has a soul, W has seen it
Biden is Obama's lucky talisman to ward-off impeachment...
One can only imagine all the computer hard discs that would crash if the FED was ever audited.
Or they might arrange for a similar hit to the FED that the Pentagon experienced on 911.
Janet Yellen has it all stored in a USB which is hidden where no man in his right man would venture.
PP - After that zinger, you should just drop the microphone, and walk off the stage... knowing that it is impossible to top that one.
Hilarious, frightening and disgusting all at the same time.
How much more obvious can you get?
Free original technical and fundamental gold & silver analysis. Check it out and bookmark
www.goldsqueeze.com
90 year old Richard Russel recently had this to say, "... Currently, I'm more interested in capital preservation than capital appreciation.
To do that I've positioned myself with silver and gold. I believe gold is currently locked in a trading range of 1200 to 1400. If gold breaks out above 1400, that's fine with me, but I won't be selling my gold. Sell it for what? Sell it for the paper that I originally swapped for my gold because I didn't trust the paper (Federal Reserve notes)? I'm aware of history. History tells me that all fiat money ends worthless.
But what if gold breaks below its trading range? -- below 1200? I'll hang on to my gold. Why? Because I know that gold, unlike a stock, can't go bankrupt. And I know that gold will always be considered an item of wealth."
I have a deep regard for that man. Uncomplicated wisdom.
It's gravity defying!!!
http://www.youtube.com/watch?v=my0e7xGmiEQ
Disgusting and despicable corruption, I am ashamed of my country for allowing this!
Bitcoin has more potential to rise than gold ... sound like an old western, now cowboys have computers with high frequency ...
1/-2
The ZH auidence is still asleep :)
https://bitcoin.org/bitcoin.pdf
The dollar will collapse, just like all fiat currencies, but neither gold nor bitcoin will form the replacement monetary system. They are fundamentally flawed from an economic and moral perspective (wherein morality matters when it comes to money, for it is nothing more than a social convention).