This page has been archived and commenting is disabled.
Another day, another opening plungefest in gold futures...
- advertisements -
What part of "buy stocks" don't you understand?
- Janet Yellen
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.
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.
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...
Why can't we persecute while we buy?
How many more years till they're done?
I see it as a desperation move for liquidity. Someone needs the cash.
There could be some other explanations -- like China, who wants to keep gold cheap for awhile so they can buy as much as possible...
All just a paper ponzi.
Anyone catch 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
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.
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.
A lot of regimes in Europe are in peril should Poroshenko succeed, too. Merckel'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)
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?
also VISA IBM save the Dow as usual
Why do that....I like eatin gold
(and hot dogs and tater-tots)
Ranch dressin...fixes everythig
[China backs up truck]
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
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.
Did you eat?
Free gold and silver technical analysis posted daily.
It just doesn't end.
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?
" 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.
The S&P was at 1343 just 20 months ago!
Nah, no bubbles here Janet.
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.
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.
We still at best only manage "growthiness."
The two Party System has failed.
i hereby pledge to buy a couple more gold Maples.
just because I know that somebody at the BIS doesn't want me to!
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.
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.
be careful pods that's how it starts.
Gimme 10-1 odds?
Israeli fire hits UN facility in Gaza, killing 15
That's a good start. Do they have any missiles that can hit the UN building in NY ?
They had two back in 2001 but the gravitational pull of the World Trade Center Twin Towers kept the UN building from being hit.
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.
A billion dollars and it will be right back up in no time.
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
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.
Sorry, I was just rebalancing my grandma's IRA ...
Gold below 1300 silver below 21.
mission accompilshed for another month
OMG! Look at that price drop. You better sell me your physical gold now, before it becomes worthless.
i got drunk last night and apparently gave away 2 Silver Eagles...
now i can replace them at a even lower price...
FUCK OFF MONEYCHANGERS.....
nothing new and they can't impact the price in a meaningful way.
Damn E-trade baby
That's not much mileage for a billion, and the fucking gold stocks are barely playing along.
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?
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...
estimated remaining time ?
It didn't actually do very much damage. As long as they can deliver, I am cool with it.
I'm just glad they are still accepting FRNs at the LCS... everything is awsome!
Everything in the market is 100 % manipulated. Just keep stacking. No fiat currency has ever lasted forever!
FFS and whacked again!!!!!!!!
Maybe the UN in Gaza just sold all their gold?
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.
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.
"The truth is, there is no spoon."
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.
Under this system, that's going to be an infinite wait. The system will collapse before an equally applied rule of law is reinstated.
They'll dump a few more billion tomorrow too and then I'll go to my LCS like last time.
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.
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.
Why do they care so much about the "price" of gold if they are so omnipotent?
Which is it?
You want your gold, you can't have your gold.
You want your gold, we don't have your gold.
Combining two popular sayings --
The (gold) beatings will continue until the whip is pried from our cold (blooded) Wall Street fingers...
Looks like sumbuddy found sum moar paper gold?
Great time to stack more physical gold and bitcoin. (btc had a dump today too)
Buy buy buy
Back up the truck and buy baby buy!
mmmh maybe GoldmanSachs shorting and make sure prices are heading south !
Obliviously everyone is shifting to ........ Bitcoin!
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.
These dumps are awesome! Great time to buy more physical.
True dat Bindar Dundat and doin it some more!
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.
Oil getting the treatment now , is this all for Obama's upcoming interview?
Nothing to see here, continue shopping. Moo.
The best way to describe the stock market-
and now Silvers turn
Israeli bankers waiting with a convoy of empty trucks and salivating mouths ,
The world is such a bitch.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
Notice on Racial Discrimination.