Something Appears To Be Going On With Gold

Tyler Durden's picture

Something appears to be happening to gold. That something is either China finally revealing its true gold inventory, which is unlikely, or, more likely, the biggest fat finger in the history of gold, as a liquidity testing algo goes absolutely insane in the pre-open period (and loses its job on the BIS' payroll). Or, most likely, just an ongoing bad print.


... and the algo, or the bad feed, or whatever, keeps going. $1400 now.



And... CTRL-Z. The liquidity test is complete as electronic market reopens for trading.

And for those curious to find out what happened, speak to the programmer of whatever the liquidity test was that moved gold higher by $0.10 every second in 1 contract in a diagonal fashion.

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takeaction's picture

Ah...yeah..I have been watching this for the past ten minutes...WHat the fuck just happened???  Shit.

SilverIsKing's picture

And silver too.  It moved $

DoChenRollingBearing's picture

No such spikes at nor shows Au up $172.  HAS to be bogus info.  Or algos run wild...

SilverIsKing's picture

Wait for 6:00 EST for Kitco to open.

On NetDania, I see $1,420 right now.

SoberOne's picture

1441. I think they are messing with us.

F-Tipp's picture

Simultaneously, Ennio Morricone's Ecstasy of Gold started playing...

Xibalba's picture

he who controls the ticker controls the price? 

BaBaBouy's picture

Many Longtime GOLD Anaysts Beleive That The Phys GOLD In The System Is Leveraged Up To 100 Times Over.

I Think The 100X Number Is Much Much Higher ---> NoOne Is Demending Physical Delivery So This Crap
Can Go On...

So, What Happens When This Paper Charade Collapses???

giggler321's picture

NoOne except 99% - bitcoin dudes on ZH.  You are being played; they pimp physical while trading ETF's as the price moves up to their sweet spot, sell and then rinse and repeat when the yellow metal tanks.  Each time, ZHer's WTF happened?  I just lost my hat...  I bought in a 1700, I bought in at 1900 please tell me what happened?? comments start appearing.  After that Faber and Turd get shout downs on here but the game goes on.

SWRichmond's picture

Well, for one, we can all rest assured that there is no manipulation of prices, as that would be impossible.

RaceToTheBottom's picture

"We don't need no friggin testing!"

Squid-puppets a-go-go's picture

maybe they're testing the systems 'self help declared' trigger to halt the market should gold rise to reflect demand and fundamentals

epic fail!!

NoDebt's picture

Chart looks normal to me except for the direction of the move.

Pinto Currency's picture



Global debt markets at $230 trillion and increasing.

Central bankers printing money with a wild look in their eyes.

All the gold ever mined is worth ~$7 trillion with a small fraction of that available to market.

Paper market in London with an estimated open interest of ~ 500 million oz. (3x daily gross trading volume) and levered 100:1 paper to physical gold.

You do the math.


MontgomeryScott's picture

“James, as you know French leader Marine Le Pen has sent a letter to the French central bank demanding the repatriation of French gold held abroad as well as an end to gold sales.  It’s astonishing this happened so quickly because just days ago you predicted other countries would follow the Dutch repatriation:

I haven't yet seen this story posted on ZH. Some may state that this is a fringe blog, but nonetheless, it appears that the French might be moving due to the Dutch actions.

If it is true, the Domino effect may soon be seen.

On The Daily Paul:

Goldseek's link:

Gold Chart Error: Concerning the price spike, there was an issue with the data feed & live data is now correct.

I'd be looking into verification of Le Pen's French central bank 'request'. If you find it, it might be helpful.

SoilMyselfRotten's picture

This would suck, didn't want to dig out my SCUBA shit til spring

Solio's picture

A big number with many zeros. In a game with rules made by fake men that told other fakes that the People must make good on counter party losses, but nothing is real here.

What debt in fraud games?

GetZeeGold's picture



Resistance is futile.


They'll cap this.....but we'll be back.

MontgomeryScott's picture

"We don't need no friggin testing!"

'Hu'ked on Tungsten' Werked for MEE!


Spiderfingers's picture

He who controls the Spice controls the universe.

jefferson32's picture

And this is happening all the while the GOFO reaches all-times negative lows. The 1-month GOFO is now at -0.2975, almost half of when ZH reported on it the last time.



Pool Shark's picture





max2205's picture

Buffet just Had a heart attack

MontgomeryScott's picture

Let me know when Kissinger, and Soros, and Sheldon Adelson start feeling chest pains, would you?

Buffet isn't a 'real' member...

Mr. Lucky's picture

I prefer the Metallica version of Ecstasy of Gold.

MontgomeryScott's picture

The world Rothschild central bankers prefer the Metallica version of 'Harvester Of Sorrow'.

Live in Moscow, 1991:

Oh, the fucking IRONY!

I would prefer the Scorpions, in 'The Winds Of Change' (but that was a beautiful fantasy, oh so long ago):


Lead and brass and antimony will trump Gold. Air and water and food and shelter and clothing and warmth in the winter...



BuddyEffed's picture

Gold and Silver?  Who cares.  Let me know when it gets to Lead.

BaBaBouy's picture

NICE To Have ZH Watching GOLD Minute BY Minute...
Sooner Or Later, The GOLD FireWorks Will Happen...

TeamDepends's picture

As the dollar approaches 0, gold approaches infinity.

SoberOne's picture

I think there may have been a major boating accident.  Quite unfortunate. 

JPM Hater001's picture

I stood up this fast once...I was stoned and fainted.

nailgunnin4you's picture

After inhaling a bong hit once I fainted and another time I had one of those 'stood up to quick' epilectic fits, complete loss of balance, the bong was okay.

StychoKiller's picture

Good, 'cause bong water makes the carpet smell really bad! (or so I'm told :>D)

Implied Violins's picture

...not if you use Crème De Menthe. Allows you to inhale all day long. Just don't drop the match...

MontgomeryScott's picture

Smoking ditchweed out of the finest implements still makes one cough and puke and get headaches (so I am told).

Smoking a finer blend (like Cush, or North Redondo Hydroponic) through an emptied-out cigarette is far better than Mexican Seeded Brown through the finest Indian-made bong (so I am also told). If the buds are dark green with a tinge of purple, and stick to the bottom tip of your index finger when you touch them, and leave a taste on your finger that is sweet and earthy, then a good Glass Head Bong might be better than trying to roll it into a paper (someone told me once). If you happen to have a Glass Head resonating chamber pipe, try rolling one up and leaving the ends loose, and then smoking a baggie of ditchweed through the pipe with the 'cigarette' inside. the taste is far better, and the results when tasting the prize are spectacular (so I am told).

WTF is 'Cre'me De Menthe'? Is that a breath mint or something?

It works better if you have a Thai Stick (according to my confidential sources). Most people spell it 'TIE STICKS', because of the fishing line used to TIE the buds to the stick (before it is held over the opium [or whatever] vats to absorb the vapors), but the correct spelling is 'THAI STICKS'; because this practice was started in THAILAND and imported via CIA conduits to the CONUS during the Vietnam 'conflict' using soldiers and other methods. I read about it once in 'High Times' magazine, back in the 1980's (a freind of mine bought one [magazine] for me as a gift once, and I had to honor his thought [by reading the magazine, you know]).

What was that about 'something going on with Gold'? OH... that must be KONA GOLD...

A Nanny Moose's picture

Is gold rising, or is $ confidence failing?

If confirmed....perhaps it is an indicator of the recognition of the illegitimacy of the Armed Bandits occupying the former United States of Amerika?


If I do a headstand, the chart looks like the last 3 years. 

CoonT's picture

Damn, put this month's'tinfoil' money into green tips, instead of gold maples. Hope I didn't miss a boat here..

Aeternus's picture

Mr. Silver himself David Morgan, was talking about this last night on the radio.