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Sudden USDollar Surge Sparks Silver & Stocks Smackdown
EURUSD is back under 1.28 (for the first time since July 2013) as sustained USD demand since around 845ET has driven the USD Index up to fresh 4-year highs. Bonds are not reacting much to this significant move (for now) but stocks are pushing to the lows of the day as carry-induced euphoria is failing fast. Precious metals are sliding led by Silver.
The USD Index is ripping higher...
with EUR back under 1.28...
USD up against all the majors...
Which sent gold and silver tumbling...
and any carry-induced euphoria hopes have been dashed...
Charts: Bloomberg
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Buyin more silver today !
It'll be cheaper tomorrow
Just sayin...
I'm waiting for a rate hike, I think that will make silver really tumble.
That's when I'll buy.
keep waiting, rate hike coming any minute
Rate hike? Yellen has the presses primed, she's boosting EPSON stock with all those toner orders.
In the meantime, silver monster boxes can be had in the $X,XXX range, for the first time in many a moon.
Premiums are up at least a percentage point as well.
Retesting $1180 gold would be a good place to buy silver.
Hey banksters I have a good gape going from the last few weeks, so no need to bore me a new one. This shit is getting old and it was old already but I guess, as always, when I finally get to deliver my fuck offs it will be all the more sweeter.
Just bought some and waiting to see how far it slides then buy some more.
Same as it ever was....
Don't I see this headline every day?
Either that or we're stuck in a bad remake of an 80's hit....
Same old shit, different day! Keep stackin.
So, "bussiness as usual" then?
Go ahead, pound silver back down to $12 an ounce. Go ahead, I double dog dare you.
Can't wait either, I just might use some dry powder if it goes that low.
Extinguishing of USD means less USD floating means ALL ASSETS drop in price when measured in USD
Gold and silver will drop much slower than the rest which will collapse due to margin call on leverage, hence gold and silver will rise when compared to s&p or dow or oil
Yes, but fewer dollars means greater purchasing power (so long as they are still excepted), fine by me. The only thing that the Fed controls is the FRN. My "contrarian" view is that they will defend it.
Bullets, if USD not defended, bullets on heads from Saudis and Military Complex
Again, such optimism. I have been waiting for this for 10+ years. I was saying this in 2001, then we got the 911 (Saudi false flag).
Margin calls??? That is old school finance! Nobody does that anymore. Moar free money for evar!!!
I am not at all worried about a smaller dollar supply. Not even worried about a smaller credit supply. Even if you think it is happening, it isn't. Banker and government appetite for cheap credit, free cash, and bailouts is endless. All fiat is created by Wall Street and Bankers to serve Wall Street, Bankers, and the government. There will be no shortage. Hold a supply of self storable "not-dollars". The future is one of political decisions. All I know for sure is that they will all be wrong and they will all involve printing money.
I'm waiting for prices to go negative, I want a bonus EBT card before I further sully my bunker with the barbarous currency of kings and queens.
/sarc
My war chest is ready. If it got down to 12 bucks I would be purchasing 2000 dollars worth a month, out of my paycheck. I have an additional 60k dry ready to go, that can go toward PM's or stocks if they get reasonable, lol. I may not be a big buyer but it doesn't take all that many like me to really move the physical market.
I'm with you bring it on.
"I have an additional 60k dry ready to go..."
Good Lord, that's just silly.
I might agree that it was silly that he posted that on a public forum. But are you saying it is silly that he keeps that much dry powder? Or silly that he is going to use it for silver?
Natcherly, I thought I was brilliant when I loaded up the leaky canoe at $20.01. Never fails, I go bottom-fishing and a week later it's a buck cheaper.
Back up the truck!
I just got paid today...
https://www.youtube.com/watch?v=db94lyKYOcg
Oh Yeah! Some ZZ top!
https://www.youtube.com/watch?v=6c7d8BYJy8I
Margin call under way, from NY Fed on the financial system
NY Fed is draining dollars by unwinding Quantitative Easing right now as I type up this.
Will it continue?
This is Triple Lehman in the making, unless it stops, like it stopped in January 2014 what started in May 2013.
Let's see
The fed is not draining liqudity. It's balance sheet continues to grow. This is money being drained from weak hands as they are forced to cough it up either due to margin calls or in order to live.
Fed balance sheet we see is fake.
However, you may be correct in your assessment
Barclays?
Deutschebank?
Secretly levered pension fund?
Stolen customer funds from large brokers like MFGlobal?
chit is getting weird. ever notice how weird breaks the i before e except after c rule, perhaps it should be c and w?
Vowels are sometimes "Y" & "W".
I agree. Maintaining power and control of real resources (which is all this is ever about) is requiring more and more ownership across the financial/economic spectrum. Flushing out weak hands is paramount, always has been. The Fed is going to attempt to defend the dollar after all, it's the only thing that they really have any control of anyway and it is still just a promise, but we are dealing with a very well-conditioned world of sheep now.
The system needs SACRIFICE TO GODS every 6-7 years, unless OTC derivatives are banned
Barclays?
Deutchebank?
OTC system is in need of financial blood, sacrificial lambs.
Or maybe real blood
Agreed, they could move to US$ 4 or less or wherever, it doesn't have to make sense, it's just (meaningless) paper contracts. The weak hands will most definitely be shaken out. Just have to be sure to have a strong hand & keep stackin.
'in order to live'
I wonder how many people who bought Silver at $40.00 an OZ are now selling to make a payment.
Jesus... Silver below $15 would be something. What an incredible opportunity that would be.
$12-$15 would unleash a huge margin call as all the big players demand physical. Bring it!!! No bailouts this time around.
30 pieces of silver?!? You can't even get a good beejay for that these days...
Youre paying way too much
Brent <$96
silver still about 70% above its avg since 1990.. very high even adjusted for inflation
I call bullshit, your statement is nebulous "adjusted for inflation" .......math please and if you please show your work.......
You dont adjust it for inflation, but money printing. More diluted the money the more silver is valued in that confettied fiat. ex naked short selling paper silver.
This shit continues to amaze me. I keep thinking that some entity is going to demand delivery and blow the whole thing up, yet here we are. Thankfully, for me, I'm patient and have plenty of time to buy at discounted prices. I feel for those who aren't so lucky and are probably being forced to cough up their PMs in order to live.
Keep. Fucking. Stacking.
We're at the point where it's fiscally prudent to borrow money to buy bullion.
DOW 20,000, Janet.
Shouldn't have to cough up PM's in order to live, first rule of thumb with metals investing.......good point however. There are plenty who jumped on the wagon much higher than this.
"Shouldn't have to cough up PM's in order to live"
You're right, however I'm getting plenty of stories about people who thought everything was going to blow up so they put everthing into PMs and now they are paying the price. It's a cruel system for weak hands.
"Shouldn't have to cough up PM's in order to live"
I have very ambiguous feelings on this.
Maybe cough up PM's in order to maintain lifestyie, but to live? Very questionble... A person can still get a mining claim with the BLM and live on public land...
"Maybe cough up PM's in order to maintain lifestyie, but to live?"
My understanding's that if you ever need to cough up [enter savings form] in order to remain lifestyle and it happens on a (more-less) regular basis, then you can consider yourself technically insolvent.
Perhaps it'd be a good time to review your lifestyle...?
That goes for PM equities too.
Space race is ON.
Gotta do the math but once you've gone "into the Darkness" you've got a license to steal. The only commodity that exists only on earth is coal "and that price is collapsing too."
The USA has been blessed with a truly stupendous amount of arable land and a focus on "land grant universities" (Cornell University especially) that emphasize agricultural studies.
When Linus Pauling had had enough of "going nuclear" he discovered the gene sequence.
Ahhh. Is there a point to be had in there somewhere?
If you read his post into a mirror, you will conjure the elusive ZH poster Useless Fact
Yes, arable land! The Sahara was once arale land...
http://droughtmonitor.unl.edu/
China should be laughing their collective asses off, as they slurp up as much PM at fire-sale paper prices.
Im waiting to see the day Comex has to settle accounts when the SHTF.
Easy.
1) Declare a state of emergency due to "Financial Terrorism", "Financial Pearl Harbor", "Financial 9/11" or something along these lines
2) Scream that China is threatening our freedom by hoarding PMs in an attempt to destabilize the US financial system.
3) Accuse everyone holding PMs as a collaborator. Raid homes to discover the "fifth columnists".
4) Confiscate your holdings while accusing you of treason and "collaborating with the enemy".
5) COMEX settles their contracts, you end up in a detention camp.
See how easy it is?
Right, two big problems with that;
1) less than 1% of americans have any PMs and the rest of us keep having boating accidents.
2) more than enough guns in American households to go around, go ahead, start some "random raids", I double dog dare you. You are dealing with a well-armed country that has been in a perpetual state of war since the mid-sixties. If these oligarchs (now easiy identified via the information age-I certainly have my Bilderberg list) really want to reap what they have been sowing, go ahead and let's get this party started.
Shhh - leave him be. He was touching himself as he typed that.
C’mon.
One Air Strike on a U.S. subdivision and everyone will turn in their guns – and many Republicans will most likely blow their own heads off.
Bullshit. In fact, with so many dependent on the MIC for their salaries/retirement I predict the exact opposite. Gun sales would be off the charts, counties would issue hunting permits on drones and "terrorists". America and americans know war an violence. Look at how we have been investing our capital and resources over the last 40+ years, this should come as no suprise to anyone.
No fucking way....idiot statement....I hope that was just bad sarcasm, lol
Who's going to conduct those airstrikes on behalf of an insane, treasonous, criminal regime??? Even I don't think it would get that far. Is some 19 year old kid going to push the button from his remote control and launch a missile from his drone into an American neighborhood???
Is any military pilot going to do the same and launch on an American town or drop a bomb on us? I highly doubt it. And if one of them did they'd be dead after the rest of their squardron shoots them down.
There are many good guys on our side as high up as the Pentagon. They won't allow some piece of shit Marxist scumbag to take it that far. That will be the end of this "civilian" government rule and the military will finally move in and take control to restore order.
Plenty of high up people know a coupe has taken place and they're just giving enough rope to really let the likes of obama and his rogue crew of criminal, treasonous, sociopath scum take it too far against us and then they will stop it.
Yeah, I know we have rogue cops in some very fucked up militarized police departmens all over the country and a DHS that's out of control. But these are mostly compartmentalized dumbshits are super hero head trips on roids who think they're fighting crime by fucking with everyday innocent civilians. Those fucktards won't last long either.
The only thing I could imagine would be the obama regime allowing some mercinaries and foreign troops to pull some shit, or to get someone to pull a false flag bombing, etc. But even the false flag shit is wearing thin and nobody is falling for it anymore.
They really are sloppy with their tactics and the people are waking up more and more each and every day. There are literally 10's of millions of us across the country who are armed up and ready to rock if need be. Just all the registered hunters in America would constitute the largest armed militia in the world at over 100 million people with more guns than that and billions of rounds of ammo.
If local police in certain towns want to get evil against the populace well they can try. But they better fucking remember that they live in those towns and people know where they live. They have their own homes and families to protect and they can't be in two places at once. They have to sleep and eat too. They won't last very long under that kind of stress if they turn against the public. Game over.
Just keep stacking everything important. Stay calm, cool, and collected. Stay aware and keep your head on a swivel always. We got this shit eventually. It's just going to be a fucked up bumpy ride. But in the end there's no way these sociopathic scumbags will be able to control the American military and the good people of this country and the republic will be restored in the end.
Last words at Waco?
Did not see black jackets dropping their guns because there where Americans, Women and children in there
Word for word 1700 France
http://libertarianpress.com/fiatmoneyinflation/
Page 34
King Dollar. No matter how many you print, they become more valuable. Unlimited, insatiable demand. Everyone wants some.
La petite mort, is what you are seeing.The climax turning to death.
The final light before darkness.
You might like this, especially % trade settled
http://blogs.ft.com/beyond-brics/2013/12/03/renminbi-trade-finance-less-...
Which penny stock news letter is pumping the USD, does anybody know?
Did KWN throw in the towel and go full retard on fiat?
Eric King bought a tonne ( literally ) of silver years ago so I would say no.
"Buying Gold Is Just Buying A Put Against The Idiocy Of The Political Cycle. It's That Simple!" ........ Kyle Bass.......... sounds about right
Was that from this morning? Saw he was to be on CNBC at 7AM and wanted to catch it.
actually that was from a 2011 BBC hardtalk interview with an exceptionally annoying british bulldog to whom Kyle delivers several figurative ........ I want to say cunt punts but that would be rude ........ but if you watch the full 24 minutes it's worth a good laugh....
http://www.zerohedge.com/news/kyle-bass-un-edited-buying-gold-just-buyin...
Other zingers from the interview -
........" the thing I have to say about CDS is don't hate the mirror because you're ugly" ...... and ..... "You know how screwed up Europe is when you have a German Pope and an Italian Central Banker".....
dredgeing gold is the way to go. nobody knows how much you got and you always know where to go get some more out of the creek.
Zionists!
I can almost "touch the bottom"!...
ZZzzzzz! So What. Nothing has changed.
When you look at retail "sentiment" indexes provided by brokers a curious phenomena emerges. When the trend is down retailers buy. When the trend turns up retailers start selling. Reading the comments here on ZH the phenomena is confirmed. Which reasons conspire to convince non professional traders to stay stubbornly on the wrong side of the market?
Hoped for a truer price discovery by now
Bitcoin +$30 last price $434
I bought a bitcoin at, I think $1,000 ...just to be part of the story:)
It will be a tale of woe for the gullible.
On the contrary, my melon-headed friend. When you're finally able to read and comprehend the brilliance of bitcoin, you'll be saying, "Shit I had a chance." Well, we always need someone to pack my groceries and drive my trash to the landfill. Thanks Sparky.
I do comprehend BTC and feel that you will be skipping the grocery store on your way to picking through trash at the landfill.
antisemitism & love of pm's all you need to know about zh
Not so. We have great sympathy for those Semites in Gaza and the West Bank. The ones in Tel Aviv... not so much.
Still projecting:
1150ish
14ish (updated from 17 to 15ish to this now)
Assuming they behave there like nice little skanks then even I may get long phyzz substantially and I realize I've been "that guy" that most consider a dickhead being bearish PMs for quite some time now.
I think stackers are getting so used to this bull shit that we've learned to embrace it.
Could be, I also like women and have learned to accept and embrace the bullshit there as well.
But it is so hard sometimes...
If it's hard for over 4 hours, seek medical attention.
Nures give the best love?
4 hours, back when i was twenty it would stay hard for 10 days, i can get confirmation on that for you if necessary.
The "strong dollar" narrative has been pushed and pushed as of recently. It barely won out over "tastiest turd" in the effort to rebrand the sinking dollar being dispatched with almost daily non-dollar bilateral trade agreements.
Make no mistake, this Silver smack down is an attempt to free the paper markets from the HUGE open interest positions standing for physical delivery. These long positions are not going anywhere which has the manipulators painted into a corner they created.
Stackers rejoice! The end of manipulation is near. Let the collapse begin, the hangings commence and the free-market rise again.
Such nice thoughts.
Setting the stage for 1) the elections 2) some big event
With Extraction prices around 20 dollars for most mines, a spot price in the 17 spells big trouble for the mines that did not sell off production in the twenties. I am the fool that was buying with both hands in the mid twenties, and who sold all my stock positions in 2008 at a loss. For me it is buy and hold, because I don't trust anything these days. Hopefully it will pay out, and our once great country will be able to stay united and start building a future that isn't based on lies. Some Big things need to change, if the US is going to exist in 100 years. I think we need to start by kicking Corporations out of the Election racket. Then go from there. 6.06
Every now and then a very notable and important event occurs, sometimes it slips by without even being noticed. For months the major world currencies have traded in a narrow range as if held in limbo by some great force. This has allowed people to think we were on sound footing as central banks across the world continued to print and pump out money chasing the "ever elusive growth" that always appears to be just around the corner.
Weak demand for goods and most of this money flowing into intangible investments inflation has not been a major problem, but the seeds for its future growth have been planted everywhere. John Maynard Keynes said By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
While there are not many Bond Vigilantes there are a slew of Currency Vigilantes and they are ready to make their presence known. Weakness in the value of the Yen, Pound, and Euro must not go unnoticed. More on why this may be a signal that currency trading is about to get very wild in the article below.
http://brucewilds.blogspot.com/2014/09/caution-alert-currencies-may-get-...