This page has been archived and commenting is disabled.

Gold Jumps As Ukrainian Fighter-Jet Shot Down Over Donetsk

Tyler Durden's picture




 

Gold futures broke above $1315 as a double whammy of NATO threats and Ukraine headlines spark safe-haven buying:

  • *FIGHTER JET SHOT DOWN OVER REBEL-HELD EAST UKRAINE: AFP

10Y Treasury yields are under 2.43% and JPY is strengthening once again as carry trades are unwound.

 

As Bloomberg notes, Fighter jet shot down over East Ukraine, AFP reports, without citing where it obtained the information.

As AFP reports,

A Ukranian fighter jet was shot down on Thursday as it flew low over rebel-held territory in the east of the country, an AFP journalist witnessed.

 

The aircraft crashed into a field after an explosion and the pilot was seen parachuting out in an area some 40km east of the insurgent bastion of Donetsk

The reaction...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/07/2014 - 12:15 | 5059283 Kirk2NCC1701
Kirk2NCC1701's picture

We at $1800 yet?

Thu, 08/07/2014 - 12:19 | 5059317 Stackers
Stackers's picture

Someone ask Munger if it's time to start sewing gold into our clothes

Thu, 08/07/2014 - 12:22 | 5059338 BaBaBouy
BaBaBouy's picture

FEAR NOT Paper Fiats Plebes...

GOLD (Paper) Is Being Heavily Shorted On The NYC Computerz...

Everything Is Controlled Under...

Thu, 08/07/2014 - 12:22 | 5059345 pods
pods's picture

Don't get all excited, it was NOT John McCain.

pods

Thu, 08/07/2014 - 12:25 | 5059355 Keyser
Keyser's picture

Hmm, so the ancient relic is still considered a safe-haven... Imagine that after being told by the numpties in charge that gold is worthless... 

Thu, 08/07/2014 - 12:26 | 5059363 kliguy38
kliguy38's picture

just buried a load of bitcoin in the back 40

Thu, 08/07/2014 - 12:30 | 5059393 mastersnark
mastersnark's picture

Thanks to this comment, just LOL'd at incredibly inapproporiate time.

 

Thu, 08/07/2014 - 12:32 | 5059408 Manthong
Manthong's picture

“as it flew low over rebel-held territory”

Does this mean the “rebels” can’t hit anything at altitude.. say 33,000 feet?

Thu, 08/07/2014 - 12:45 | 5059507 Rubicon
Rubicon's picture

That was the purpose of the Ukrainian exercise...

Thu, 08/07/2014 - 13:00 | 5059624 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Looks like a pair of short squeezes to me. We can see how the giant short squeeze on the NYSE since 2009 is turning out. Be cautious my friends.

Thu, 08/07/2014 - 13:19 | 5059758 Save_America1st
Save_America1st's picture

They're sure keeping the leash tight on paper silver though...can't even break 20 as paper gold moves higher.

This means phyzz is still on a screeeeaaaming sale today, "Folks", if ya haven't added to your stack yet!

Thu, 08/07/2014 - 12:39 | 5059365 Headbanger
Headbanger's picture

Oh fuck!

Here we go now!

Watch for market breaking below recent lows that are critical support.

Better yet...  Watch for news the pilot was trying to defect!

Thu, 08/07/2014 - 12:24 | 5059356 TheFourthStooge-ing
TheFourthStooge-ing's picture

Charlie Munger should be watched closely. If he is seen sewing gold into his diapers, expect a parabolic movement (in gold, not Munger's diaper) and it'll be too late to buy.

Thu, 08/07/2014 - 12:26 | 5059367 MalteseFalcon
MalteseFalcon's picture

If "someone" nukes Kiev, I see gold blasting to 1350.  Good thing Ukraine evacuated their gold.  Irradiated gold turns into tungsten. 

Thu, 08/07/2014 - 12:39 | 5059463 Urban Redneck
Urban Redneck's picture

You do know that the largest nuclear plant in Europe (Zaporizhia NPS) is right in the middle of rebel held territory, and NATO stooges have already attacked it once...

Thu, 08/07/2014 - 12:46 | 5059516 Anarchy 99
Anarchy 99's picture

which way do the winds blow over there.

Thu, 08/07/2014 - 13:10 | 5059691 Urban Redneck
Urban Redneck's picture

Towards Moscow.

Thu, 08/07/2014 - 13:26 | 5059809 MalteseFalcon
MalteseFalcon's picture

LOL.  Ukraine 2 Japan 1 with only injury time left to go.

Thu, 08/07/2014 - 14:29 | 5060294 Helicon
Helicon's picture

Actually it is more like Ucraine 1 , Japan 4

Thu, 08/07/2014 - 12:14 | 5059287 himaroid
himaroid's picture

Damn they "beef up" fast.

Thu, 08/07/2014 - 12:15 | 5059289 Winston Churchill
Winston Churchill's picture

Black Friday preview ?

Thu, 08/07/2014 - 12:15 | 5059292 Kaiser Sousa
Kaiser Sousa's picture

its getting closer...
like a bad dream that u cant wake up from...
lined with Physical Silver and Gold...

Thu, 08/07/2014 - 12:26 | 5059362 Keyser
Keyser's picture

I really don't think we will have a shooting war between NATO and Russia... This war is all about economics and who can outlast who... My money is on the eastern block... 

Thu, 08/07/2014 - 12:37 | 5059450 SheepDog-One
SheepDog-One's picture

When are we NOT having a shooting war?

Thu, 08/07/2014 - 12:17 | 5059300 JustObserving
JustObserving's picture

Where is McCain when you need him?  He is such an expert in crashing jet fighters.

Only the good die young.

Thu, 08/07/2014 - 12:34 | 5059426 El Vaquero
El Vaquero's picture

Re: "Only the good die young."

Get 'ya a piece of evil ass!

 

Thu, 08/07/2014 - 13:00 | 5059621 eclectic syncretist
eclectic syncretist's picture

McCain is busy on the Iraq mission....details here

http://politicalhumor.about.com/od/funnypictures/ig/100-Funny-Pictures/M...

Thu, 08/07/2014 - 12:17 | 5059306 Latitude25
Latitude25's picture

Yeah they've got circuit breakers on that bitch in the new normal.  It should be jumping by $100 not $10.

 

Thu, 08/07/2014 - 12:35 | 5059431 El Vaquero
El Vaquero's picture

Notice that WTI is still under $100.

Thu, 08/07/2014 - 13:46 | 5059951 NotApplicable
NotApplicable's picture

Who's gonna need oil once we're all sheltering in place?

Thu, 08/07/2014 - 17:27 | 5061232 Captain Obvious.
Captain Obvious.'s picture

Oil price low=crappy economy, demand low

Thu, 08/07/2014 - 12:19 | 5059316 disabledvet
disabledvet's picture

Meh.

Thu, 08/07/2014 - 12:18 | 5059318 Martin Silenus
Martin Silenus's picture

Where's the beef?  Oh, there it is.

Thu, 08/07/2014 - 15:47 | 5060726 IndianaJohn
IndianaJohn's picture

You nevermind "where's the beef?"

Thu, 08/07/2014 - 12:19 | 5059323 NOTaREALmerican
NOTaREALmerican's picture

Sure is allot of passion over there about... (uh)..     I sure hope this doesn't turn out to be a bunch of paranoid people fighting about... (uh)..   

Thu, 08/07/2014 - 12:20 | 5059335 CHX
CHX's picture

Gold likes war... It shouldn't be like that, but it's all part of the script.

Thu, 08/07/2014 - 12:54 | 5059569 Right-on Left-off
Right-on Left-off's picture

"Gold likes war..."

Yup.  Start a war and quess what is no longer the reserve currency.

How fast do you think fiat will no longer have value when all the waring parties only deal in fiat.  The 'Go To Money' ... Gold!  When everybody has fiat.

FED on the phone to the 'Commander in Chief'  ... in 3-2-1-

Thu, 08/07/2014 - 12:21 | 5059337 vyeung
vyeung's picture

zzzzzzzz....zzzzzzzzzz

Thu, 08/07/2014 - 15:26 | 5060585 damicol
damicol's picture

Wake up you fuckimng idle cunt

Thu, 08/07/2014 - 12:25 | 5059344 Canucklehead
Canucklehead's picture

A simple test of the bonds of BRIC:

http://www.dailytimes.com.pk/national/15-Jun-2014/top-russian-official-t...

Is this a simple chess move? Is Putin being pro-active, or reactive? If reactive, who initiated the action that caused this reaction?

Thu, 08/07/2014 - 12:23 | 5059347 alexcojones
alexcojones's picture

GSR almost back to 66

"Get Your Kicks on Route 66"

Thu, 08/07/2014 - 12:29 | 5059381 Kaiser Sousa
Kaiser Sousa's picture

its so silly how they r fighting Silver at the $20 line...
they dont care how obvious it is...
so Gold goes up while Silver goes down????

desperation fills the air.

Thu, 08/07/2014 - 13:49 | 5059966 NotApplicable
NotApplicable's picture

Of course silver goes down, as it's scarcer.

Thu, 08/07/2014 - 14:50 | 5060425 Conax
Conax's picture

They need it cheap so they get a deal on those new Tomahawks they will be needing very soon.

(and the September longs are giving them the shits)

I'ma buy some more Monday, too cheap to pass up.

Thu, 08/07/2014 - 12:40 | 5059469 OldPhart
OldPhart's picture

D Street Debbie is pushing seventy these days, but it's an extra ten for taking the dentures out.

Thu, 08/07/2014 - 12:47 | 5059523 El Vaquero
El Vaquero's picture

Alot of this was on Central Ave, historic Route 66:

 

https://www.youtube.com/watch?v=XjQumiKbaTw

 

Get your kicks indeed.

Thu, 08/07/2014 - 12:24 | 5059350 ThisIsBob
ThisIsBob's picture

Getting tougher over there without civilian airliners to use as cover.

Thu, 08/07/2014 - 12:27 | 5059368 Bankster Kibble
Bankster Kibble's picture

Yeah, that jet was low.  What hospital got bombed underneath him before he bailed?

Thu, 08/07/2014 - 12:26 | 5059360 mastersnark
mastersnark's picture

Too soon CNN: "Ukrainian Jet 'Malaysiaed' Near Donetsk"

Thu, 08/07/2014 - 12:27 | 5059373 Keyser
Keyser's picture

Meh, consider the source... CNN = Commissar's News Network... 

Thu, 08/07/2014 - 12:29 | 5059389 SheepDog-One
SheepDog-One's picture

.wow the media whores sure are trained well to stick right to the script!

Thu, 08/07/2014 - 12:27 | 5059374 Australian Economist
Australian Economist's picture

Wake me up when the nukes evaporate the lakes so I can collect my stash.

Thu, 08/07/2014 - 12:28 | 5059375 ebworthen
ebworthen's picture

"A Ukrainian fighter jet was shot down on Thursday as it flew low over rebel-held territory in the east of the country..."

Bet they wish they had some A-10 Thunderbolts; and they will if Putin gives them enough time.

Thu, 08/07/2014 - 18:52 | 5061627 flapdoodle
flapdoodle's picture

Make no mistake: if the Ukies had A-10's without total air supremacy, they would be shot down even faster than the Ukie Su-25s.

The warthog is great if you are just mopping up. If your adversary is shooting strellas and manpads at you, not so much...

Thu, 08/07/2014 - 12:35 | 5059434 SoDamnMad
SoDamnMad's picture

Ukrainians shot it down to blame theRussians.  I got this information from over-hearing a phone call from the wife of the guy who walks the dog of the butcher who lives down the street from the hairdressor of the assistant to the district manager of the electrical service who provides electricity for the pool of reporters from RT. Swear this is the truth.

Thu, 08/07/2014 - 12:47 | 5059526 ebworthen
ebworthen's picture

Anderson?  Anderson Cooper?

Thu, 08/07/2014 - 15:25 | 5060580 damicol
damicol's picture

Fuck off,, Everyone knows it was on twitter first

Thu, 08/07/2014 - 12:43 | 5059494 ghostzapper
ghostzapper's picture

here kitty, kitty, kitty . . . . . . let's see if ES enters my target zone of 1890-1905 (ya I know a 15 point box if it were that easy even Obama could be successful trading). 

Thu, 08/07/2014 - 12:48 | 5059528 NuYawkFrankie
NuYawkFrankie's picture

re Fighter Jet Shot Down

Pity it wasn't Victoria Nudelman's broomstick

Thu, 08/07/2014 - 12:49 | 5059540 NotImpressed
NotImpressed's picture

No, no, no....$2000 by years end!!  Really!  Or is it $5000 by years end...really!  Or 10,000 by years end!!  All aboard!

Thu, 08/07/2014 - 12:57 | 5059594 oudinot
oudinot's picture

Has anyone been keeping track of how many Ukranian figher jets have been shot down (4?)?  I don't believe that the Ukranian air force has many figher jets.

Thu, 08/07/2014 - 12:57 | 5059598 SpanishGoop
SpanishGoop's picture

So Kiev has how many left now ? one ?

 

Thu, 08/07/2014 - 13:04 | 5059654 Bastiat
Bastiat's picture

It's an outrage that they can't safely use airpower to slaughter their citizens.  It's Putin's fault.

Thu, 08/07/2014 - 16:56 | 5061095 therevolutionwas
Thu, 08/07/2014 - 13:07 | 5059669 basho
basho's picture

"pilot was seen parachuting out"

PL? UE? US?

 

Thu, 08/07/2014 - 15:39 | 5060670 IndianaJohn
IndianaJohn's picture

Pilot was seen tossing his flight suit from the parachute.

Thu, 08/07/2014 - 13:10 | 5059693 Volaille de Bresse
Volaille de Bresse's picture

"It's an outrage that they can't safely use airpower to slaughter their citizens. It's Putin's fault."

LOL! Good one!

Thu, 08/07/2014 - 13:20 | 5059757 mpadpy
mpadpy's picture

Looks like 14 by now.. including those 2 transports and helicopters..

Thu, 08/07/2014 - 18:55 | 5061656 flapdoodle
flapdoodle's picture

So the score is:

   Militia 14 :  Ukies 1

Thu, 08/07/2014 - 13:28 | 5059821 ObamaDepression
ObamaDepression's picture

One wonders where "rebels" get anti aircraft weapons capable of taking down a fighter jet (the third one this month)???

I'm sure its not from a warmongering former KGB guy though.

Thu, 08/07/2014 - 15:33 | 5060628 IndianaJohn
IndianaJohn's picture

It's a skeet shoot using the trusty AK. Those men have real gun skills.

Thu, 08/07/2014 - 16:53 | 5061081 therevolutionwas
therevolutionwas's picture

I'd send them one if I had one.  I consider those guys freedom fighters. (even though they are labled pro-russkie).

Thu, 08/07/2014 - 13:33 | 5059864 Lordflin
Lordflin's picture

Gold jumps... again? Wake me up when the dollar crashes.

Thu, 08/07/2014 - 13:34 | 5059866 Hook Line and S...
Hook Line and Sphincter's picture

Strange how the number '7' can't be found around the wreckage of this particular aircraft.

 

Thu, 08/07/2014 - 15:23 | 5060571 damicol
damicol's picture

I just love it when the shiny stuff goes up but I love it even more when the fuckwits dump on it and I can buy the fucking dips

Thu, 08/07/2014 - 17:31 | 5061243 Captain Obvious.
Captain Obvious.'s picture

I hope it was the prick who shot down MH 17.

What goes around comes around, Arsehole.

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