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US Stocks Are Open, Time To Dump A Billion Dollars Worth Of Gold Futures

Tyler Durden's picture


Another day, another opening plungefest in gold futures...



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Thu, 07/24/2014 - 09:48 | 4997630 SoilMyselfRotten
SoilMyselfRotten's picture


Thu, 07/24/2014 - 09:53 | 4997661 NoDebt
NoDebt's picture

What part of "buy stocks" don't you understand?

- Janet Yellen

Thu, 07/24/2014 - 10:04 | 4997709 SamAdams
SamAdams's picture

wake me up when it is 17 trillion, then maybe we will have something to talk about.  SSDD

by the way, next recess is scheduled for end of 2015.  i'm out, but expect the market to top out sometime toward the end of this year.  2017 was always the latest arrival, but it appears to be sooner.

Thu, 07/24/2014 - 10:15 | 4997818 Bindar Dundat
Bindar Dundat's picture

Are all you insane?   Why do you see conspiracy here  -- it is more like panic!  This trade is people just trying to save their bacon and get out of paper gold before it is worthless. Why the negative tone -- this is the best thing that could happen .   The TPTB types get out of paper gold and start buying physical.  BTFD you cry babies.

Thu, 07/24/2014 - 10:28 | 4997929 linniepar
linniepar's picture

Rigged, bitchez.

Thu, 07/24/2014 - 11:21 | 4998344 strannick
strannick's picture

Goldman calls for a gold crash, then sells a billion worth at the open. Lucky for them it's only paper. Meanwhile we trade govt paper for golden phyzz...

Thu, 07/24/2014 - 10:49 | 4998098 Vooter
Vooter's picture

Why can't we persecute while we buy?

Thu, 07/24/2014 - 11:21 | 4998359 One World Mafia
One World Mafia's picture

How many more years till they're done?

Thu, 07/24/2014 - 11:43 | 4998538 ATM
ATM's picture

I see it as a desperation move for liquidity. Someone needs the cash.

Thu, 07/24/2014 - 20:02 | 5001502 Lord Koos
Lord Koos's picture

There could be some other explanations -- like China, who wants to keep gold cheap for awhile so they can buy as much as possible...

Thu, 07/24/2014 - 10:02 | 4997726 caShOnlY
caShOnlY's picture

All just a paper ponzi.  

Anyone catch this: 

U.S. ally cuts off communications with Obama and seeks new trade outside dollar

or this:

Sanctions on Russia Hit German Economy Hard

Jim Willie's "Ukraine is the Waterloo event for the U.S. may be in fact very accurate

Thu, 07/24/2014 - 10:22 | 4997878 disabledvet
disabledvet's picture

Jim Willie is a dope...these sanction hits coming from Europe against Russia will be...indeed are...catastrophic.

They're not going to have a repeat of Hitler over there and Ukraine securing its border is like opening an oyster and finding a pearl.

There are a dozen regimes in the East in peril should Poroshenko succeed...and Putin's is one of them.

"They'll need to sell into weakness" which in my view is driving down not just gold and silver but all commodities in general.

The deflation well underway in Europe is absolutely staggering as well.

Thu, 07/24/2014 - 10:51 | 4998113 cocky roach
cocky roach's picture

The sanctions are indeed catastrophic... for energy starved Europe. Most countries who sanction Russia would be commiting economic suicide. I doubt countries like Germany or France will do any real sanctions at all.

Thu, 07/24/2014 - 10:51 | 4998121 swmnguy
swmnguy's picture

A lot of regimes in Europe are in peril should Poroshenko succeed, too.  Merckel's is one of them.

Thu, 07/24/2014 - 12:34 | 4998832 caShOnlY
caShOnlY's picture

There are a dozen regimes in the East in peril should Poroshenko succeed...and Putin's is one of them.

Your delusional, bro, one too many hits to the ol' steel pot years back.  So what you believe is that regimes cannot wait and overthrow their "ELECTED GOVT" and then SHIP all their GOLD to the FED in the US to have it sold off to China?  Sounds plausible.   

The moment Europe's sanctions hurt Putin, will be the moment we find just how much energy the US really has.    Hey DisabledVet are you buying some of this market for your fiscal well being?  Good stuff, buy some stawks!!! (like the ol' war bonds back in your days)

Thu, 07/24/2014 - 09:54 | 4997669 toady
toady's picture

Yep. It's getting so bad i'm starting to look at the other side. How does gold stay so high with all the force working against it?

Thu, 07/24/2014 - 10:46 | 4998070 r0mulus
r0mulus's picture

popular demand

Thu, 07/24/2014 - 09:49 | 4997633 jubber
jubber's picture

also VISA IBM save the Dow as usual

Thu, 07/24/2014 - 09:50 | 4997643 just-my-opinion
just-my-opinion's picture

Why do that....I like eatin gold

(and hot dogs and tater-tots)

Thu, 07/24/2014 - 09:59 | 4997695 just-my-opinion
just-my-opinion's picture

Ranch dressin...fixes everythig

Thu, 07/24/2014 - 09:51 | 4997645 Racer
Racer's picture

Vroom, vroooom

[China backs up truck]

Thu, 07/24/2014 - 09:51 | 4997647 orangegeek
orangegeek's picture

gold is likely to head back down to 1180 support over the next few weeks


USD up marginally - USD upside should drive gold and oil down hard

Thu, 07/24/2014 - 10:26 | 4997907 disabledvet
disabledvet's picture

We'll see if oil prices collapse or not.

Certainly the cost of refined product has collapsed again and since only North America uses unleaded gasoline the collapse in consumption combine with the boom in production ...well, let's just say no problem with exports there.

Thu, 07/24/2014 - 10:46 | 4998071 Vooter
Vooter's picture

Did you eat?

Thu, 07/24/2014 - 09:51 | 4997649 Oscar
Oscar's picture

Free gold and silver technical analysis posted daily.


Thu, 07/24/2014 - 09:52 | 4997653 Bastiat
Bastiat's picture

It just doesn't end.

Thu, 07/24/2014 - 09:58 | 4997691 Kreditanstalt
Kreditanstalt's picture

They can "sell" gold short futures contracts, backed by 1% actual metal (if that), as many as they wish, anytime.   The same banks that sell this paper can buy it back again later or use a proxy to do so...maybe three or four banks take turns buying and selling these long and short paper contracts!  You win on the way down or up what you lost initially on the way up or down!

This will continue until a)some big entity enters the Comex playpen and strips it of its little pile of metal or b)the ability of unbacked paper contracts which are never redeemed in metal to influence "the gold price" is removed, or c)all the gold is held elsewhere and trading is done in some other currency.  Roubles? Renminbi?

Thu, 07/24/2014 - 10:10 | 4997779 daemon
daemon's picture

" It just doesn't end. "

It will end.

Problem is : when it does, some people out there will inevitably deploy other tools (more coercive ones) to get what is left in your pockets.

Thu, 07/24/2014 - 09:53 | 4997654 khakuda
khakuda's picture

The S&P was at 1343 just 20 months ago!

Nah, no bubbles here Janet.

Thu, 07/24/2014 - 10:02 | 4997723 NoDebt
NoDebt's picture

Nah, nah, nah.  Doesn't work like that.  The priese were DEPRESSED at that level.  Now they are FAIRLY-VALUED.  I'm sure you would agree.

Thu, 07/24/2014 - 10:24 | 4997900 Quinvarius
Quinvarius's picture

The S&P is so about to collapse into its footprint, it will make the WTC buildings look like they were a controlled demolition....wait a minute. 

Anyhow.  No QE, no stock market gains.  The stock markets will give it all back.

Thu, 07/24/2014 - 09:51 | 4997656 disabledvet
disabledvet's picture

We still at best only manage "growthiness."

The two Party System has failed.

Thu, 07/24/2014 - 09:52 | 4997659 achmachat
achmachat's picture

i hereby pledge to buy a couple more gold Maples.
just because I know that somebody at the BIS doesn't want me to!

Thu, 07/24/2014 - 09:52 | 4997660 fonzannoon
fonzannoon's picture

This is it. The big one. This dump shows the true fighting behind the scenes for phyz. get out there and get all you can get your hands on because this shows it's desperation time with the big boys.


Uh huh.


Thu, 07/24/2014 - 09:54 | 4997663 pods
pods's picture

Come on, that is the best way to get yourself the best price. Dump them all in one big lump and take out the bidstack.

Fuck it, I am gonna do this trading thing and just have a low ball order in every day at 8:25.  Then sell it later that day.


Thu, 07/24/2014 - 09:58 | 4997696 fonzannoon
fonzannoon's picture

be careful pods that's how it starts.

Thu, 07/24/2014 - 10:31 | 4997950 pods
pods's picture

Gimme 10-1 odds?


Thu, 07/24/2014 - 10:30 | 4997940 Kirk2NCC1701
Kirk2NCC1701's picture

Just BTFD.

Thu, 07/24/2014 - 09:54 | 4997666 alien-IQ
alien-IQ's picture

minutes ago:

Israeli fire hits UN facility in Gaza, killing 15

Thu, 07/24/2014 - 09:59 | 4997694 toady
toady's picture

Yay Yids!

Thu, 07/24/2014 - 09:59 | 4997697 semperfi
semperfi's picture

That's a good start.  Do they have any missiles that can hit the UN building in NY ?

Thu, 07/24/2014 - 10:10 | 4997787 Pure Evil
Pure Evil's picture

They had two back in 2001 but the gravitational pull of the World Trade Center Twin Towers kept the UN building from being hit.

Thu, 07/24/2014 - 09:56 | 4997667 Kina
Kina's picture

AUD and Gold having a race


Gold will not follow technicals unless TPTB want it to....paper gold will be whatever the Criminal Banksters want it to be.....they will play this game up until the time they are dragged from their terminals to their guilloteine.


OR Putin and Xi want to have a bit of fun, and through thei proxies buy up billions in gold, AND take delivery.


Thu, 07/24/2014 - 09:56 | 4997675 Shrapnel
Shrapnel's picture

A billion dollars and it will be right back up in no time.

Thu, 07/24/2014 - 09:58 | 4997688 semperfi
semperfi's picture

Chump change! 

Only a BILLION ?

When we print 10's of billions each month, maybe 100's of  billions if you count all the shadow/dark printing - month after month after month. 

Don't friggen wake me up again until they dump a TRILLION, please.  zzzzzzzzzzzz

Thu, 07/24/2014 - 09:58 | 4997699 techstrategy
techstrategy's picture

Someone (likely GS prop desk) sold many August and September GLD puts.  This is how they accumulate via puts too make what they are really doing...  Helps to have the Squid "Strategists" telling clients it is a Conviction Sell.

Thu, 07/24/2014 - 09:59 | 4997700 techstrategy
techstrategy's picture

Someone (likely GS prop desk) sold many August and September GLD puts.  This is how they accumulate via puts too make what they are really doing...  Helps to have the Squid "Strategists" telling clients it is a Conviction Sell.

Thu, 07/24/2014 - 09:59 | 4997703 Keltner Channel Surf
Keltner Channel Surf's picture

Sorry, I was just rebalancing my grandma's IRA ...

Thu, 07/24/2014 - 10:02 | 4997721 casey13
casey13's picture

COMEX expiration

Gold below 1300 silver below 21.

mission accompilshed for another month


Thu, 07/24/2014 - 10:04 | 4997737 firstdivision
firstdivision's picture

OMG!  Look at that price drop.  You better sell me your physical gold now, before it becomes worthless. 

Thu, 07/24/2014 - 10:10 | 4997788 Kaiser Sousa
Kaiser Sousa's picture

i got drunk last night and apparently gave away 2 Silver Eagles...
now i can replace them at a even lower price...

Thu, 07/24/2014 - 10:12 | 4997797 vyeung
vyeung's picture

nothing new and they can't impact the price in a meaningful way.

Thu, 07/24/2014 - 10:13 | 4997804 cowdiddly
cowdiddly's picture

Damn E-trade baby

Thu, 07/24/2014 - 10:13 | 4997822 Al Huxley
Al Huxley's picture

That's not much mileage for a billion, and the fucking gold stocks are barely playing along.

Thu, 07/24/2014 - 10:55 | 4998146 Latitude25
Latitude25's picture

Yeah why don't they try a $100 billion or a trillion.  It's all funny money anyway created out of thin air.  Create the contracts out of thin air and then sell them.  What could possibly go wrong?

Thu, 07/24/2014 - 10:14 | 4997825 Fiat agnostic
Fiat agnostic's picture

They are throwing all they have at keeping prices below long term trend lines to prevent western investment demand from picking up. Why? Because all the gold has gone. They know it, you know it and before long everybody will know it. Then there will be nothing they can do to keep this charade going...

Thu, 07/24/2014 - 10:20 | 4997869 barre-de-rire
barre-de-rire's picture

estimated remaining time ?

Thu, 07/24/2014 - 10:18 | 4997854 Quinvarius
Quinvarius's picture

It didn't actually do very much damage.  As long as they can deliver, I am cool with it.

Thu, 07/24/2014 - 10:22 | 4997859 1stepcloser
1stepcloser's picture

I'm just glad they are still accepting FRNs at the LCS... everything is awsome!

Thu, 07/24/2014 - 10:27 | 4997919 JD59
JD59's picture

Everything in the market is 100 % manipulated. Just keep stacking. No fiat currency has ever lasted forever!

Thu, 07/24/2014 - 10:30 | 4997949 jubber
jubber's picture

FFS and whacked again!!!!!!!!

Thu, 07/24/2014 - 10:35 | 4997981 alexcojones
alexcojones's picture

Maybe the UN in Gaza just sold all their gold?


Thu, 07/24/2014 - 10:43 | 4998047 Sudden Debt
Sudden Debt's picture

America really doesn't want it citizens to really own anything anymore when the market turns to dust.

Destroy the real assets
And blow up the equity bubble that will destroy everything when it pops

Everything is worthless and everybody is fucked.

Thu, 07/24/2014 - 10:59 | 4998176 SofaPapa
SofaPapa's picture

You pose this as their desire.  Hmm.  Maybe.

But another way of looking at this is to say that nobody owns what we think we own now.  We are all locked into a system that has been intentionally monetarily inflated for 40+ years.  In other words, the numbers describing the wealth have become larger.  But given that there has not been remotely the growth in tangible wealth that there has been in the measurement unit, I would argue that what we are awaiting is merely the recognition of the truth rather than a change in it.

After the markets shit the bed, people will still own much the same "things" the next day that they owned the day before.  Just it's true value will be clarified.  And for those who owe a pile of debt?  They never owned anything in the first place.  That will now become de-facto, instead of the current de-layed.  Intention isn't necessary.  Reality is waiting.

Thu, 07/24/2014 - 12:20 | 4998775 messymerry
messymerry's picture

"The truth is, there is no spoon."


Thu, 07/24/2014 - 10:51 | 4998115 aztrader
aztrader's picture

This about protecting the dollar.  They powers to be need the price of gold lower to maintain the status of the dollar. 

Who in their right mind dumps this kind of volume at the MARKET on the open unless they are trying to intentionally drop the price. Yesterday, we saw the head of the CFTC leave to take a job in an area he used to regulate.

The corruption is obvious and will continue until we get someone in leadership that will actually enforce the rule of law.

Thu, 07/24/2014 - 11:01 | 4998204 SofaPapa
SofaPapa's picture

Under this system, that's going to be an infinite wait.  The system will collapse before an equally applied rule of law is reinstated.

Thu, 07/24/2014 - 10:51 | 4998116 Latitude25
Latitude25's picture

They'll dump a few more billion tomorrow too and then I'll go to my LCS like last time.

Thu, 07/24/2014 - 11:00 | 4998139 knowshitsurelock
knowshitsurelock's picture

So, all these rogue nations who "thought" they would abandon the fiat debt petrodollar and trade in other currencies backed by assets, were going to buy up gold, and all you stackers who see the dilution of the dollar into worthlessness, who "thought" you could find a safe haven in metals, are being taken out back behind the woodshed and severly beaten.

No one puts baby in a box, ya know?  The elite psychopathic globalist banksters, who own everything, have the biggest and meanest mercenary military bully force on the planet, have everybody up to their eyeballs in debt, have advanced surveilance and data storage capabilities, can monitor everything and make moves based on the collated data, who can microwave entrain large populations to "think" how they want, bomb the shit out of them if they don't, or release a virus if they feel like it, and they are just gonna let these miscreants go rogue?

Wake up people.  This is not your grandmothers market or your uncles planet earth.  These alien psychopathic interlopers have been at this a long time and no two bit country or group of BRIC countries, or rogue stackers are going to take it down.  I hear nail guns are on sale at Home Depot.  Anyone need one?

See you at gold 700.

Thu, 07/24/2014 - 11:04 | 4998221 Vooter
Vooter's picture


Thu, 07/24/2014 - 12:05 | 4998698 AuEagleNest
AuEagleNest's picture

This ain't the first ass-beating that I've gone into with eyes wide open.

Sometimes the reward makes a little ass whippin' acceptable but I can see why a blue-pill candyass might decide to stay on the sidelines and cheer while others take a little beating.

Thu, 07/24/2014 - 13:25 | 4999152 Bastiat
Bastiat's picture

Why do they care so much about the "price" of gold if they are so omnipotent?

Thu, 07/24/2014 - 10:55 | 4998149 surfer433
surfer433's picture

Which is it?

You want your gold, you can't have your gold.

You want your gold, we don't have your gold.


Thu, 07/24/2014 - 11:03 | 4998219 SofaPapa
SofaPapa's picture

Uh... yes?

Thu, 07/24/2014 - 11:04 | 4998225 NoWayJose
NoWayJose's picture

Combining two popular sayings --

The (gold) beatings will continue until the whip is pried from our cold (blooded) Wall Street fingers...

Thu, 07/24/2014 - 11:07 | 4998254 Itchy and Scratchy
Itchy and Scratchy's picture

Looks like sumbuddy found sum moar paper gold?

Thu, 07/24/2014 - 11:10 | 4998270 shouldvekilledthem
shouldvekilledthem's picture

Great time to stack more physical gold and bitcoin. (btc had a dump today too)

Thu, 07/24/2014 - 11:17 | 4998315 where_is the_nuke
where_is the_nuke's picture

Buy buy buy

Thu, 07/24/2014 - 11:20 | 4998348 darwin8u
darwin8u's picture

Back up the truck and buy baby buy!

Thu, 07/24/2014 - 11:25 | 4998379 2nd_Look
2nd_Look's picture

mmmh maybe GoldmanSachs shorting and make sure prices are heading south !

Thu, 07/24/2014 - 11:31 | 4998425 I Write Code
I Write Code's picture

Obliviously everyone is shifting to ........ Bitcoin!

Thu, 07/24/2014 - 11:34 | 4998459 mijev
mijev's picture

To be fair to the Obysmal administration, they did say this would be the most open US government ever. And it sure looks like no one is making any attempts to cover their tracks in the PM markets.

Thu, 07/24/2014 - 11:43 | 4998540 MaxPower92
MaxPower92's picture

These dumps are awesome!  Great time to buy more physical.

Thu, 07/24/2014 - 11:43 | 4998541 MaxPower92
MaxPower92's picture

These dumps are awesome!  Great time to buy more physical.

Thu, 07/24/2014 - 11:46 | 4998562 Hongcha
Hongcha's picture

True dat Bindar Dundat and doin it some more!

Thu, 07/24/2014 - 11:51 | 4998609 AuEagleNest
AuEagleNest's picture

Dump $1B and you can only bring the spot down 1%?

Next time make it $100B dump bitchez (I know you can) and I'll take a wheelbarrow to my LCS. I don't have enough FRN to have to rent a truck.


Thu, 07/24/2014 - 12:01 | 4998669 jubber
jubber's picture

Oil getting the treatment now , is this all for Obama's upcoming interview?

Thu, 07/24/2014 - 12:45 | 4998899 Ariadne
Ariadne's picture

Nothing to see here, continue shopping. Moo.

Thu, 07/24/2014 - 12:46 | 4998904 bescobar
bescobar's picture

The best way to describe the stock market-

Thu, 07/24/2014 - 13:49 | 4999284 jubber
jubber's picture

and now Silvers turn

Fri, 07/25/2014 - 05:44 | 5002618 onmail
onmail's picture

Israeli bankers waiting with a convoy of empty trucks and salivating mouths ,
The world is such a bitch.

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