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:


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...

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Stackers's picture

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

BaBaBouy's picture

FEAR NOT Paper Fiats Plebes...

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

Everything Is Controlled Under...

pods's picture

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


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... 

kliguy38's picture

just buried a load of bitcoin in the back 40

mastersnark's picture

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


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?

Rubicon's picture

That was the purpose of the Ukrainian exercise...

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.

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!

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!

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.

MalteseFalcon's picture

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

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...

Anarchy 99's picture

which way do the winds blow over there.

MalteseFalcon's picture

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

Helicon's picture

Actually it is more like Ucraine 1 , Japan 4

himaroid's picture

Damn they "beef up" fast.

Winston Churchill's picture

Black Friday preview ?

Kaiser Sousa's picture

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

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... 

SheepDog-One's picture

When are we NOT having a shooting war?

JustObserving's picture

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

Only the good die young.

Latitude25's picture

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


El Vaquero's picture

Notice that WTI is still under $100.

NotApplicable's picture

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

Captain Obvious.'s picture

Oil price low=crappy economy, demand low

Martin Silenus's picture

Where's the beef?  Oh, there it is.

IndianaJohn's picture

You nevermind "where's the beef?"

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)..   

CHX's picture

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

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-

vyeung's picture


damicol's picture

Wake up you fuckimng idle cunt

Canucklehead's picture

A simple test of the bonds of BRIC:

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

alexcojones's picture

GSR almost back to 66

"Get Your Kicks on Route 66"

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.

NotApplicable's picture

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

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.

OldPhart's picture

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

El Vaquero's picture

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


Get your kicks indeed.

ThisIsBob's picture

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

Bankster Kibble's picture

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

mastersnark's picture

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

Keyser's picture

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