Gold Jumps $20, Most In 2 Months On NATO Headlines

Tyler Durden's picture


Talking-heads drew "this is not geopolitical risk fears" comfort yesterday that the stock sell-off was not accompanied by a big bid for gold. Today... not so much. Gold and silver have surged since around 8amET (when Ukraine incursion headlines began today from NATO) with the yellow metal up over $20 - its biggest jump since mid-Jun (with futures over $1310).


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Wed, 08/06/2014 - 10:46 | 5053871 Badabing
Badabing's picture

Hammer time

Wed, 08/06/2014 - 10:58 | 5053906 Headbanger
Headbanger's picture

And if it's not, then what does that mean?

Better learn some Russian..

And start liking vodka a lot too!

Cause Putin will not let this go knowing what an inept clown we have in office and how broke NATO is now too.

Wed, 08/06/2014 - 11:05 | 5053986 Latina Lover
Latina Lover's picture

In Russia, you do not buy Gold, Gold will buy you.

Wed, 08/06/2014 - 11:01 | 5053954 Tasty Sandwich
Wed, 08/06/2014 - 10:46 | 5053873 LetThemEatRand
LetThemEatRand's picture

Come on Tylers!  You know every time you report about surging gold prices Yellen gets a "ZH is talking about gold again" memo, and slams it back down.  

Wed, 08/06/2014 - 10:53 | 5053916 Ignatius
Ignatius's picture

Somebody had to say it.

Wed, 08/06/2014 - 12:09 | 5054357 JuliaS
JuliaS's picture



if(ZHheadline == "gold" && "up")




Wed, 08/06/2014 - 12:56 | 5054597 Right-on Left-off
Right-on Left-off's picture

"surging gold prices"

Yes and this surge is the only thing holding back a full frontal attack by the West.  Just think, what would happen if military action caused gold to spike ...  The West's financial system would be buried.

Wed, 08/06/2014 - 14:29 | 5055047 Jack Napier
Jack Napier's picture

$20 isn't much of a surge... well alright, 1.5% isn't anything to scoff at either.

Wed, 08/06/2014 - 10:47 | 5053880 SHEEPFUKKER


Wed, 08/06/2014 - 10:51 | 5053908 agstacks
agstacks's picture


Wed, 08/06/2014 - 10:48 | 5053884 world_debt_slave
world_debt_slave's picture

yahoo! will keep buying more!

Wed, 08/06/2014 - 10:53 | 5053914 agstacks
agstacks's picture

I find it kind of funny we all discuss the ongoing manipulation in precious metals ad nauseum, but yet most watch the chart all day like there is any truth there.

Wed, 08/06/2014 - 11:09 | 5054009 Dr. Engali
Dr. Engali's picture

I can honestly tell you that I never watch the gold or solver chart. I really don't care where it's priced in fiat except for when I make my regular monthly purchase, and hopefully then it goes on sale. 

Wed, 08/06/2014 - 10:53 | 5053918 Dr. Engali
Dr. Engali's picture

I'm Rich! I'm Rich beyond my wildest dreams!..... Quick, sell before the nevermind talk starts around options expiration time.

Wed, 08/06/2014 - 10:54 | 5053925 Atomizer
Atomizer's picture

Peasants are only permitted to eat cotton faith based currency, not gold. Michelle Obama healthy balanced food dietary mandate.


Wed, 08/06/2014 - 10:55 | 5053929 ...out of space
...out of space's picture

haha insiders allready know what dragi and juncer talk about

Wed, 08/06/2014 - 10:57 | 5053941 Karl Napp
Karl Napp's picture

All manipulation

Wed, 08/06/2014 - 11:02 | 5053965 FieldingMellish
FieldingMellish's picture

S&P also climbing. Also on Russia headlines? Remember kids: War is Good (unless you are actually in it).

Wed, 08/06/2014 - 11:06 | 5053967 Kaiser Sousa
Kaiser Sousa's picture

notice how once again the last hour of trading in London activates a rocket blast in the Fraud Markets...
like clock work...
and the shit with Gold and Silver the last week and a half has been fucking stupid...
i was gonna hold off til tomorrow but couldnt help myself and hit up Apmex yesterday for another 250oz's...
not braggin - just sayin...
stackers hang n there and whatever u do - KEEP STACKIN..

Wed, 08/06/2014 - 15:57 | 5055553 giggler321
giggler321's picture

Say "Mooo" and I'll milk you like the bankers are doing...

Wed, 08/06/2014 - 11:07 | 5053997 IronShield
IronShield's picture

I just loves me them yeller paper weights!  And I mean that!

As to Silver, I just don't see the logic.  The GSR has been moving steadily higher and doesn't appear to be abating.  Hmmm...

Wed, 08/06/2014 - 11:18 | 5054061 Kaiser Sousa
Kaiser Sousa's picture

"As to Silver, I just don't see the logic..."

how many Gallons of petro does a $1 Federal Reserve note buy?
how many does a 1964 Kennedy 50 cent afford u...?

"there are none so blind as those who will not see...."

Wed, 08/06/2014 - 11:23 | 5054097 IronShield
IronShield's picture

Oh right, because in a (Hyper)Inflation, petrol will be so readily available?  And traded for silver?  Have you ever lived through, or studied the history, of such an event (not being cheeky, just curious)?

Wed, 08/06/2014 - 11:28 | 5054134 lordylord
lordylord's picture

Silver and gold will likely be useless in the immediate aftermath of the collapse.  After that, silver, gold, and barter will be the only way you can get anything.  Even if there isn't a collapse, I prefer my wealth to not be slowly stolen over 20 years.  Don't be so daft Ironshield.

Wed, 08/06/2014 - 11:56 | 5054290 froze25
froze25's picture

Historically in Germany during thier post ww1 hyper inflation the only folks that were able to buy things were the ones with silver.

Wed, 08/06/2014 - 12:32 | 5054468 Urban Redneck
Urban Redneck's picture

... or people with other (non-German) worthless GBP fiat. For example, JM Keynes worthless fiat did better than physcial gold during this period. Just as today, Janet's junk USD will still buy what whatever you want in Argentina.

Wed, 08/06/2014 - 11:55 | 5054287 Pemaquid
Pemaquid's picture

" And traded for silver". While not living through a hyperinflation I can say that during the late 70's more than two local gas stations ran ads that stated they would sell a gallon of gas for a silver dime. Being a stacker and all I did not bite.

Wed, 08/06/2014 - 12:30 | 5054476 vulcanraven
vulcanraven's picture

Your choice.... keep your dollars in a bank where inflation will nibble them away, or turn your dollars into something of which the value of will never reach zero. I will take my chances on tried and tested money—gold and silver.

We all know how the fiat experiment ends. 

Wed, 08/06/2014 - 13:00 | 5054611 lordylord
lordylord's picture

100% correct.  Forget about collapse.  You will lose all your wealth to inflation alone if you give it 20 years.  That should be enough for anyone to transfer their cash savings to PM.  Ironshield is a know-nothing troll.  Not surpsied he never showed back here.

Wed, 08/06/2014 - 11:12 | 5054021 youngman
youngman's picture

German Bunds are negative why not the big rush to gold....we should be up $100 IMHO

Wed, 08/06/2014 - 11:20 | 5054045 Uncle Remus
Uncle Remus's picture

[sound of respirator]

I think I have the low-down out why the Emperor behaves like he does.

[sound of respirator]

I was in the DeathStar vault the other day doing audits and overheard a couple of minions gossiping about the Boss.

[sound of respirator]

One says to the other, "You do know why the Boss is such an asshole right?"

The other replies "No. Why?"

[sound of respirator]

One replies, "He wears his Precious as a cock ring."

[sound of respirator]

I fucking lost it right there in the vault. Damn near blew a helmet speaker laughing so hard.

[sound of respirator]

Of course, I had to use the Force on those two.

[sound of respirator]

[sound of shrug]


Wed, 08/06/2014 - 11:17 | 5054047 Que Sara Sara
Que Sara Sara's picture

James Bond's rival had a golden gun. This school dropout is acquiring a golden shirt that weighs four kilograms and costs a staggering Rs.1.30 crore ($214,000). - See more at:



Wed, 08/06/2014 - 11:25 | 5054109 Que Sara Sara
Que Sara Sara's picture

If thats not enough check this S*&% out

This revelation has solidified the status of the Padmanabhaswamy temple as one of the wealthiest temples in India and with the final estimate of the wealth, it might overtake the Tirumala Venkateswara Temple—hitherto thought to be the wealthiest temple—having some 32,000 crore or 320 billion (US$5.3 billion) in gold, coins and other assets.[26] It is estimated that the value of the monumental items is close to 1.2 lakh crore or 1.2 trillion (US$20 billion), making it the richest temple in the world. If the antique value is taken into account, these assets could be worth ten times the current market price.[27] One of the oldest existing estimates, which can be considered to be at least as reliable as any other made since the discovery of the hidden treasure (or assets) of the Temple in 2011, was done by the Travancore Royal Family itself in 1931. According to the then drawn-up estimate, the riches contained in Vault B, which is the only vault of the six that is unopened so far, since the discovery of the treasure, were worth 12,000 crores. Considering the subsequent inflation of the rupee, and the increase in the prices of gold and other precious metals and stones since, the treasure in the unopened vault B alone, would be worth at least 50 trillion (US$1 trillion) in present-day terms, before the cultural value being factored in.[28]  


Wed, 08/06/2014 - 11:27 | 5054133 foxenburg
foxenburg's picture

jesus, if this is what it takes, then i'm all for war. moar war!

Wed, 08/06/2014 - 12:27 | 5054463 Jack Sheet
Jack Sheet's picture

Serge Forward

Wed, 08/06/2014 - 12:58 | 5054603 devo
devo's picture

It'll crash again. Gold is a mess right now.

Wed, 08/06/2014 - 13:06 | 5054642 Itchy and Scratchy
Itchy and Scratchy's picture

Mining paper gold is not that difficult & production costs are very low!

Wed, 08/06/2014 - 13:56 | 5054877 Jano
Jano's picture

right. if I look at the volumes, look at it. it was paper gold.

Wed, 08/06/2014 - 14:45 | 5055158 MalteseFalcon
MalteseFalcon's picture

Gold surges back the the lower middle of its trading range.  Nobody knows why.  I doubt anybody knows why it crashed from $1,900 to $1,300 or why is rose from $1,300 to $1,900 in the first place.  Nothing to see here.

Wed, 08/06/2014 - 15:02 | 5055261 Obamanism
Obamanism's picture

See this is what happens when Germany asks for its gold back. What would make Germany keep its gold in the US? The threat of an attack from Russia.

It took 2years for Great Squid  to arrange the threat of a Russian Invasion.

Wed, 08/06/2014 - 20:28 | 5056712 Oxbo Rene
Oxbo Rene's picture

My inside sources tell me that this time gold is going all the way ! ! ! ! !

Do NOT follow this link or you will be banned from the site!