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Gold & Silver Are Soaring
The USDollar continues its slide since 10amET (now unchanged on the week) as Gold and Silver just legged higher once again. Gold is now over $40 off the day's lows and Silver has broken above $16. Increased chatter about the Swiss Gold Initiative is being blamed for now (as EURCHF tests down to 1.2011 - inching ever closer to testing the 1.20 peg. Oddly, last Friday was also a major melt-up day for precious metals. Treasury yields are also plunging as desk chatter notes limited liquidity - also reflected in the stock markets EKG-like moves.
Gold-to-Silver ratio has tumbled from 75.5x to 73.5x...
As Futures surge...
Charts: Bloomberg
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Yep this is the bottom. Get in now before it's too late!
After that comment, gold is going lower. Did the banks call you and ask for permission to buy?
>>> SSS sub-75IQ troll living in mom's basement
>>> SSS legitimate knowledgeable reader
Dead Cat Bounce?
This rally will be dealt with on Sunday night.
Agreed. Same thing happened last week. This is all just noise. I doubt that Swiss gold initiative will pass either. These things have a strange way of being narrowly defeated. Hope it does though. Even if we see a few days of gains, I don't see gold crossing 1400 absent some kind of major calamity or currency crisis. This nice up day can be easily dealt with Sunday night with a few thousand futures dumps. That's my prediction anyway.
Wake me up when silver has broken above $50.
The USD will collapse before that happens. Wake yourself up and stop measuring value in dollars. Measure it in ounces.
Soaring.. ???????
Oh, F me with a Dimon Dildo.
Wake me when Ag is spot 35 and Au is spot 1776.
That is where the bankers will be called to task because the “third world” will step up to the plate.
That would be the Dead Cat Stomp.
Eagles hit $18.21 on silver.com this morn. That's the second time this month.
Oil bouncing too:
http://www.marketwatch.com/investing/Future/CRUDE%20OIL%20-%20WTI/charts...
Putin!
There have been a lot of moves at night...
Positioning ,,,,Checkmate coming!
Wait till monday. Too many longs in dollar.
Dollar is ramping down. That's the new trade.
They Ramp everything. Rigged Markets on no volume are being manipulated by the rich.
It is their world afterall. They own the markets. The FED feeds them. FED buys MBS now.
King Dollar ain't going nowhere
You know what else is soaring? Apaches.....
http://www.infowars.com/video-apache-helicopter-harasses-gun-owners/
Perhaps the right to keep and bear arms should be extended to MANPADs. Small ones for those consumer drones, larger ones for the Apaches.
Suddenly I feel the need to go buy another copy of Catcher In The Rye.
So, pigs do fly. Well I'll be darned.
Yahoo, yes pigs do fly! I jumped of the Empire state building and have been flying like a bird for 60 floors. What can possibly go wrong?
...not exactly "soaring" IMHO... as long as the TPTB continue to manipulate the gold price to be low so they with the abetting of the MSM keep the sheeple convinced Au is a bad investment so they can secretly continue to load up on it, it will be low. They could giveash*t that the low prices enable the ruskies and Chinese to load up on Au at bargain basement prices in massive quantities......
Money money money money, MONEY!!!!
B B B But....But Martin Armstrong's $400 report said that.....
What did it say exactly?
I'll tell you for $ 350.
Sure. Will you accept payment in the form of a perpetual bond for ECB debt ($350 equivalent at today's exchange rate), with annual repayments in Euros?
(PS: +1'd.)
It said TO DA MOON !!!
Gold Bitchez.....I pick up pennies
"Thanks for buying my report, sucker."
FED Greenspan mini puke !
Wake me when the dollar buys 1/3000th of an oz of gold and 1/75th of an ounce of silver. Otherwise, 'soaring' is still just an Epcot ride.
Double post. I am ashamed.
+1 for shame
it's like an endangered species these days
Perhaps the $ just made a long term triple top.
Who are you going to believe Janet Yellen and her coterie of hook nosed, smirking jackals at the Fed, or Vladimir Putin and Alan Greenspan ?
Do I get to pick door 3: "None of the above"?
Politicians are always politicians.
Putin has been putting his rubles into phyzz, so he's got cred.
Greenspan is talking a good game, lately. He spent his entire tenure at the Fed trashing the barbarous relic in speech and in gold sales/leasing deals. So kinda forked-tounge.
A man like him needs to have his ego stroked constantly. He can't stand the thought of his legacy being that of a fiat loving fool.
A man like him should be drawn and quartered in Washington Square Park.
the ISIS bounce
They do own a lot of liquid gold.
That was a furniture polish I used back in the... 'Scotts liquid gold' if I recall. Shits to get old...
If the Swiss vote no - LOB!
I wait until the Swiss sheep vote NO. I will buy the day after.
steady everybody...steady...
could be just another "okie doke"...
keep stackin, and hopefully u bought over the last 2 weeks...
i know i did.
I have my fair share so am wanting it to soar. But, what I have seen too often is that it skyrockets one or two percent in one day then falls a similar amount, or more, the next day. <sigh...>
It seems like some entity is electronically sniffing the buy/sell signals, gets in nano-seconds early, and makes a killing. A one percent per day return will make you rich very quickly.
Like a manipulated fraud or something....
Oh wait!
King LOLlar.....AKA King Nothing.
The reason for the rise is simple. Just about every article on sites like MarketWatch have been blasting to sell gold, the commodity super cycle is dead, oil to $40 a barrell, yada, yada, yada. Yep, these bozos are never wrong are they? However, it is interesting to note that the last two big moves in PMs have been on Friday's. Tells me that someone is getting nervous going into the weekends. Maybe they miss timed it a little bit (as PMs dropped earlier this week) but somewhere and at some point, there's going to be a major problem disclosed over a weekend. GOFO rates are telling the same story as they hit -.20 yesterday.
When is Reggie Middleton going to do another post on Apple now that it's at roughly $800 pre split? He's been bearish since around $200 pre split.
"Soaring" too funny
haven't heard from him in a while ... did notice he liked to pat himself on his back ... often
Reggie did my windshield at the Holland Tunnel the other day...I gave him a stock tip.
Best dressed squeegee guy ever!
he's a billionaire in his version of Shitcoin
so gold has made it from the bottom of the pothole up to the water line, still deep in the mud...
The price of gold...either way...is irrelevant (unless you are luck enough to be buying physical).
All gold is priced on the Forex. All this news is telling us is that a currency event caused gold to move up. the same type of events could send gold to 900 next week.
None of this has anything to do with metal. This is all fractional reserve gold bullion banking. 'Gold' and the Zimbabwe dollar have far more in common than the metal does to the current price.
Look to the remaining physical stores that could potentially come to market to meet the need for physical, then set your watch...when they are gone the derivative market will all suddenly get very sick. XAU/ XXX is a major pair in Forex trading. Far more XAU/XXX gets traded than any other form of gold derivative. As long as physical moves (at least to the right people) the derivative market will function. This strengthening of the dollar is not what the Fed wants and so something weird must be going on.
I certainly have no window into the actions of big money but my guess is that something must not be going like they want. Maybe it is the Yen and it's breakaway move but the dollar deflation we are seeing just wasn't supposed to happen. At this rate the US government will never be able to inflate away it's debts.
What physical stores are remaining? Scotiamocatta? What else?
Another Friday ramp....nothing new here.
Yup, and I'm loaded to the gills with T-Notes, again.
BUT, I just noticed that my brokers are widening out Bid/Ask spreads (due to "market activity") like I've never seen before....in years. And this happened just over the last TWO HOURS. Talk about putting the brakes on trading this paper!
Something's wrong....?!
It appears the patient (S&P) has flatlined.
I was having a somewhat aggravating day today,, but all of a sudden after seeing this articles headline I feel better.
It's not Monday morning yet. They'll get the gold price smash-mouthed back down then.
Sadly, the odds are that you are exactly correct.
No, no, no! Hopefully he *is* correct. I've got a boating trip coming up and I wanted to get some cheap gold to lose to the fishes!
Loading up on cheap puts on my PM mining positions. Should be able to unload them on Monday for a nice profit. Worked very nicely last week.
This could be the turn, it would be nice, but one day does not make a market, lets see if we hold into the close and then have follow thru next week. And most important, if it is the bottom, we would get rid of the idiot trolls that berate us here all the time. They would have to move on to the Yahoo finance board where the other brilliant and intelligent traders hang out. They would feel right at home there.
With HFT algos kicking in 15 seconds before the closing bell and typically undoing the entire day of trading, is there any point to reporting mid-day price action?
Soaring on a Friday? Oh the humanity...
Well since UP is better than DOWN,
Silver, bitchez!
I'm still calling for an end of year manipulated price low.
Sticking with my update posted the other day. 1270ish very possible but still looking for THE bottom 950-1150 more likely 950-1050. I know those zones are so big even a CNBC employee could mention them but that's how I see it and I was saying 1150 for sure many months ago.
Now for BTC my last two stances sucked big monkey dick admittedly so fade this one: could be major reversal under way currently for multi-month bull move . . . . . . but could also have one more leg down to 280ish. I'm chipping away in this entire zone laying down some cutesie little bunts with an occasional line drive single as this game is way, way, way in the early stages.
No Swiss Diebold division?
I lived in Switzerland for five years and there is a saying that there are 7 million policemen in Switzerland. I'd have to say that corruption is one thing the Swiss (SNB excluded) are not into.
The sigmas! There are too many! Gold and silver will get slammed on Monday simply because that's how markets work. A day of extreme change will likely be followed by a day of extreme change in the opposite direction.
Excepot when the first day of extreme change is down. Then it is followed by another day down.
Just wait until the criminal hordes of ISIS, after they slaughter some more children and behead some more journalists, start demanding gold for their oil. It will take about 10 minutes for the US, the EU, NATO to launch Gulf War III.
Shit and sugar. Can' t be true.
This rise is just LBMA 's Peru conference impact.Time for participants brains to heat .
Gofo still going south.Interesting.
Soaring? Meh.
That will be my BAC in about 3 more hours.
Cheers
for weeks, the news is cb's, and others buying record amounts of gold, the price goes down.
now on a possiblity that switzerland may have to buy gold, and the price goes up.
good thing the fix, is fixed.
who from basel is going to oversee the purchases, and storing the gold if the referendem passes?
The Rothschilds have enough gold to keep it at whatever price they want. Gold will soar at some point but dont try to predict it using logic.