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Gold Jumps, Oil Dumps As Europe Closes
Europe is closing... the American stock trader is on his own now with no bond market police to manage the mania...
And then this happened...
Charts: Bloomberg
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Turn those machines back on!
i hear you loud and clear when you say "American trader is on its own" ... but these are tough new yorkers ... or at least we hope so .. right?
currency wars ! resource wars ! gold wars ! YIPPEY !!!!
don't forget the propaganda wars!
INFOWARS
;-)
Shiny Bitchez, moar Shiny Please
I pick up pennies....
Pennies are now copper coated zinc. Copper is too expensive.
Here in Canada pennies have been taken out of circulation. All coins including loonies and toonies are now steel coins coated in who knows what. All notes are now plastic. We are ready for full currency devalution.
We're on our way south, from Alaska to WA, camping in BC... it always surprises me when I put my hand in my pocket for some change and pull out close to $10. The plastic notes take some getting used to...
"All notes are now plastic. We are ready for full currency devalution." - Ack - how are those supposed to absorb anything, when used as TP? Useless!
how are you supposed to roll them up to....ummm...I dunno...like "sniff" things and stuff?
;-)
They are thin plastic, kinda like wax paper.
So they roll up really well and I assume they do not get contaminated with various powders as easily as paper linen.
Roll On
rock on roger, those pretty wax paper notes do not go through the wash. your government thinks of everything. stephen has your back.
I have a coin from Somalia...no idea what it's made out of I think it's hollowd out hard plastic. It's as light as air...
Been hearing rumors they put RFID chips in the new US $100 notes with the cartoon colors and big Benny face....you know, to better track our cash...wonder how long before police have scanners to read for them? If they don't already?
I used to laugh at the Mexicans and their 'plastic notes'...now, not-so-much!
They wont even have a BTU value
ZH redneck goldbug doomers be damned: Gold is nothing more than a USD hedge at this point.
Physical PMs have always been a hedge against fiat. Sometimes they are on sale, sometimes they are not.
That is nothing more than musings of a very nervous paperbug.
...More like "paperboy", judging by his statement....
or misguided and uninformed. Its ok to be stupid in america.
Elect George W Bush Twice!?!?!...its mandatory!!!
Red arrow me, but I am 100% correct about gold. It will suck as an investment ... for the next 6 months. After that, great!
People who buy gold as an "investment" are in fact idiots, but this is nothing new slaughterer. Fuck, give us some information we can trade.
Let's hope you are right and gold sees $500 and silver goes back under $12. Hopefully, one can still take delivery at those prices.
I won't bother to down-vote you, but I will take the opportunity to laugh at your correct call of a mischaracterization (which equals a strawman) of what gold is.
Gold is insurance where you get to keep the premium. Anybody who thinks it is an investment, is using the wrong standard of measurement (dollars), and doesn't understand the difference between different types of money.
So, sure, you've slayed that strawman, but look like a fool in doing so.
Honestly, I thought you'd been around here long enough to know better.
He slaughterered that straw man...as well as the misconception of gold being an "investment", per se.
And I thought the exact same thing...maybe someone stole his password? lol
Ah, but paper AU is an investment. Time the shorting of that dastardly GLD ETF and you'll be rolling in fiat.
The difficult part will be spending that fiat fast enough.
I'll be the first to say thanks Slaughterer. You've been a good caller for quite some time. Looking forward to Spring then.
Agree, as long as the fiat-printing whores have any credibility, they will manipulate the PMs lower. When the tipping point is reached, gold's gonna SCREAM higher. Til then, holders better pray for water on their Bataan Death March.
When you are not on margin the only water you have to worry about is the lake water.
I think you just might be onto something there, slaughterer. Do you have a price target in mind for the coming low point? If so, do you have any basis for that target?
slaughterer, why do you have an avatar of michael jackson in drag? its creepy.
I always thought it was the chick from Weeds.
never worry. The Feds invisible hand is in there somewhere.
Eeee gawd...I just had a vision of where Janet Yellen had her invisible hand...I am skipping lunch, today.
Must be ISIS selling oil to buy gold for its coins.
That's very astute. I'm assuming you spoke tongue-in-cheek, of course, but if the average financial reporter or CEO could show even that degree of critical thinking, such market absurdity as we have come to know today might have withered under criticism long ago.
The Swiss conservatives and ISIS seem to be the only ones listening to Greenspan...
ah! that's what this is all about.. The Swiss vote! The CIA is linking gold to terrorism.. a Swiss vote for gold repatriation will only help evil terrorists!
yep...we're all going to be labeld terrorists now right along side I-CIA-SIS and Al-CIA-duh.
Us patriot, veterans, Constitutionalist, Libertarian, 2nd Amendment supporters will now be financial terrorists for stacking phyzz just like I-CIA-SIS.
More psychopathic evil genius from TPTB scumbags.
Fuck...I know most don't think they'd ever do it, but after this shit...and as crazy as these fuckers are...maybe they will try to bring back gold confiscation.
Wouldn't put it past them. They're just fucked up in the heads enough to try it.
So don't forget to stack lead/copper projectiles and lead/copper projectile delivery systems, folks!
Hey, they are INSANE......not STUPID!!
I assume the ISIS has melted down that Gold from the Irag bank in Mosul and shipped it somewhere to have Gold coins minted.
It will be just a matter of time before they are traded on the SGE....
Or the Gold was shipped to Switizerland where it will be melted down into Gold blanks and some of that Gold will stay in the Swiss Treasury pending outcome of the Gold voting event later on this November.
Happy Veterans Day to all Veterans pass and present....
"and shipped it somewhere"
Really? Wouldn't that assume trust and normalcy? I didn't know those human slaughterers had either of those - unless it's happening through their CIA handlers...perhaps history will inform us, perhaps it won't. Perhaps Obola pounded his fist down in one of the NSA meetings, after the failed Syria campaign, and just said, 'do what you need to do, to get me Assad's head' - and so someone(s) did. Perhaps they're the Ollie North's of the Obama era...loyal til the end, no matter what the cost (Machiavelli.)
It's about 12:10 PM Eastern Time as I write this, and WTI is trading at $76.65. The absolute minimum breakeven price for frackers has been quoted by people in the industry on this very board to be about $75. It looks like big trouble ahead for the fracking boom.
Ah, the fracking miracle goes belly up. Glad to have the extra oil but in reality the fracking boom, like all booms, is doomed to bust. It's not a long-term play. In time, North Dakota's landscape will be littered with rusting rigs and delapidated trailer parks. Of course, those might make good FEMA camps where real undesirables get to enjoy those winters.
So if it goes under $75 will that result in a fracking broom?
Why? Running under the cost of production is a time honored tradition for gold and silver miners and they're doing just fine...right?
I'd say their stock prices reflect that technique.
Gold jumps and Fed pres takes dump
Guess they're gonna finally throw the guy that walked the walk in prison while those that talk the talk are still..... talking. I personally want to thank Ron Paul for for showing his true colors and saving me the money I had put aside for his election.
And for the Alternative News sites that continually spout gold/silver backed currencies..... Shame on you.
NOTICE OF HEARING as to Bernard von NotHaus: Sentencing set for Tuesday, 12/2/2014 @ 2:00 PM in Courtroom, 200 W Broad St, Statesville, NC 28677 before District Judge Richard Voorhees. Informal request for extra time or for an alternate sentencing date during the same term should be made within five business days after receipt of the ECF notice of hearing and directed to Statesville Division Clerks Office, telephone 704-883-1000. Motions for continuance, departure or variance from Guideline range must be filed no later than eight business days before the first day of the term, oppositions thereto are due no later than three business days before the first day of the term.
He'll end up like Irwin Schiff... 80 Years old and in jail. All for making real money.....
DISCLAIMER: I have no connection with Von NotHaus or Liberty Dollar.
Background on the above: http://www.washingtonpost.com/wp-dyn/content/article/2006/10/09/AR200610...