This page has been archived and commenting is disabled.
Gold Surges Over $50 Off Overnight Lows; Commodities Bouncing As Dollar Weakens
After last night's big flush across commodities, they have rallied notably. Gold is now up over $50 from those lows, with Silver, copper, and even crude bouncing hard (after testing below $64 overnight). The USD is notably weaker, stocks lower, and bond yields testing mid-October flash-crash Bullard lows...
Gold dumped and pumped
and the rest of the commodity complex bouncing hard this morning
»
- 16843 reads
- Printer-friendly version
- Send to friend
- advertisements -
sell the rally
My neck is in pain from the incessant market whiplashes, my account even more so.
Silver up 10% off overnight lows.
Game over man, GAME OVER!!!
Sure could be.
The last thing the Fed wants is gold to rise.
Thought for sure gold would get bitch-slapped today (but the day is still young...)
During the end-game, while the manipulations make war against each other, nothing in the markets will make any sense at all, until reality once again fully asserts itself, and then everything will make perfect sense. The media will try to hide this.
I can imagine the squaking heads that day.
"There is an error on te floor....gold is at $5,000....that can't be right! We've just recieved word that trading has been halted....this is common so I am sure they will fix the gold price....any minute now...."
Looks Like HFT ALGOS Gone Wild Overnight In Illiquid Market, Took Out All The Sucker SELL STOPS On Paper PM's Futures...
Just Stay Away From This BULLSHIT Vegas Like Gambling...
House (HFT) Always Comes Out On Top, By Design...
Always? Ha! They would love to have gold sub $800 to show everyone who is boss. But of course it isn't thus why you are giving the central banks far too much credit.
I like Gold last month, yesterday, even with the naysayers laughing at me, today I love Gold. She proves she is something special. So all the naysayers....Fuck You
Gold Bitchez....I pick up pennies
It is getting even better...
The Three Month Gold Lease Rate has just crossed over the One Year Gold Lease Rate as the Backwardation continues to grow. All Gold Lease Rates are spiking upward.
The crosses of Death are continuing to manifest in the Bullion Banks. The One Month, the Two Month, and now the Three Month Gold Lease rates (Interest) have all crossed over. Now I am looking forward to that Six Month Gold Lease Rate to do the same.
The Buillion Banks have lost FAITH and CONFIDENCE in the ability of those whom have leased the Gold to EVER be able to return that Gold which they borrowed as they know that it has been sold on the open market.
This is the real story and the harbinger of the End Game in process...currently going on. The Leasees are short and are being squezed as the priice increases today.
Look at this chart...Look at the Rates...It is the most beautiful Chart Porn I have seen in awhile. It is so wonderful.
http://www.kitco.com/charts/popup/au0030lr.html
Ideally it will spell out INSOLVENCY and BANKRUPTCY for the companies that have taken the Short Side and sold it to supress the price.
Looking forward to their collapse and demise. As they were complicit they are truly the parties whom deserve the fiery abyss.
LMAO.
hahaha, i pick up pennies too!
- When we remember we are all mad, the mysteries disappear and life stands explained.
Mark Twain
It and silver were heavily bitch slapped. Then they bounced back even higher. I love it when that happens.
Supposedly one of the indicators of PMs to start rising is a period of volatile swings each day.
Things will get really ugly when gold will swing $100 every day.
It is ugly right now. I want Gold on the cheap.
Please crush that price..please.
Bad news for Gold Buyers.
Excess reserves have been engaged. Liftoff initiated. For now.
How much fuel do we have?
$3.5T at last check. Will be interesting to see drain next quarter.
Get it right man, sell the rip, buy the dip.
Last time oil and gold dropped, the stock market tanked, big time.
Gold rose and stocks continued to slide until uncle Ben agreed to print. History may not repeat, but it could rhyme. I would expect stocks to tank sooner or later and gold to start ascending earlier than last time.
After all, there is only so much you can do ito free money, before the man in the street smells a rat.
I don't think the market will stand idly by and just watch the banksters repeat their deed, I certainly won't.
Gold is a life boat. Too many passengers, too few boats, and the way should be clear as what to do, unless you want to take a chance of swimming to shore!
You sell the rally pendragon. I just bought more.
Sat down with two of my sons this weekend. They had extra cash they wanted to put into savings accounts. Then they talked to me.
One got 1/2 oz gold, 20 oz silver. The other got 1/4 oz gold, 10 oz silver. Backed by the good faith that this will be made liquid (cash) by their old man should the situation require it.
Times they are a changing.
and I thought I could trust mr bullards promises.
/sarc
We margin-called some folks.
Can anyone say short squeeze?
this must be the top (for today)
No matter how strange it may seem, but right now, Russia is selling oil and gas only for physical gold.
http://www.gold-eagle.com/article/grandmaster-putins-golden-trap
It's a madhouse.
http://www.youtube.com/watch?v=VFCM6TZgTMI
Love it. Perfect analagy for the market.
I'd like to post an interesting chart - can anyone advise how to do so?
You can't. Only certain members can. Hedgeless Horseman, William Banzai 7 and maybe a few others.
Okay, thanks for the heads up
Only certain accounts can do that. Contributors as it were... You can post a link.
Noted Sleigher, thanks, or I could pass it on to one of the elite to post it for me...
Yeah, I didn't see nodebts reply when I made mine. oh well...
Sunday night and short sessions are for chumps and chimps, looks like sell oil and gold while buying dollars was the chump and chimp play last night and frida.
" You're going to see a deluge of bankers selling their restricted stocks in the weeks ahead . "
http://www.crainsnewyork.com/article/20141130/FINANCE/311309998/recession-eras-deferred-bonuses-paying-off-big-for-wall-streeters
For every buyer there's a seller!
/sarc
Its a small club and you ain't in it.....
Imagine the day whn the printing press runs out of ink....
What will happen to the unicorns shitting scittles?
A new reserve currency!
Can't. Too busy imagining the day the computer runs out of electrons.
Thank God the Swiss said no. Can you imagin having to compete with them? Now it's all for us.
You must be Chinese because all the US and Europe do is sell gold to the lowest bidder. Right Gordon Brown?
This is comedy gold, every time they sqaush the price it shoots right back up like holding an inflated ball under water. The bird is the word
Fantasy world vs. physical world. I remain long physical even if they take it to zero. Fuck you Yellen, et al!!
It will be worth more at zero than at $1000. Think of the demand!
China, India and Russia taking advantage of the take down to con the Swiss last Friday
You mean people are taking advantage of the Swiss' stupidity? How quain't.
Here's another view of the overnight AU $50 tear. See the 5 Hour chart:
http://www.investing.com/commodities/gold-advanced-chart
HOLY CRAP BATMAN! The PTB just tried to steal my PM Utility belt!
"Thats right Robin....those nefarious criminals will stoop to anything to get your gold!"
This makes rational sense.
Did they find that plane yet?
ISIS has added it to their fleet of 11 jets they acquired a couple of months ago, don't cha know...
If I was and Indian gold dealer..I would have boat a boatload last night...and I think they did
now the weak hands are out, and $ has topped Gold can correct a bit up in $ terms.
those who gambled on the Swiss Referendum result, are those who were stopped down this morning. Now the market can squeeze up. Its going to be boring
The best cure for the bi-polar oil market is to sell only for physical gold - Why Not?...
"USD is notably weaker"
Let me see, last year it was 33 RUB for 1 USD and today it's 53 RUB for 1 USD
I think some other currency is "notably weaker". :) I would even used words like Putin regim fucking ruble is crashing big time and all you ruskie propoganda ass-ets could come up was this pathetic red herring about Japan an "weak USD" :)
Ha ha ha
So we don't split hairs, all fiat currencies are weaker.
Someone should mention that it was the usual EndOf Month Contract Settlement shennanigan
didnt COMEX settle on the 24th?
Last Trade Settlement First Holding
Last Holding First Position
Last Position First Notice
Last Notice First Delivery
Last Delivery
Nov 2014 GCX14 29 Aug 201425 Nov 2014 25 Nov 2014 -
- 30 Oct 2014
26 Nov 2014 31 Oct 2014
26 Nov 2014 03 Nov 2014
28 Nov 2014 Dec 2014 GCZ14 31 Dec 2009
29 Dec 2014 29 Dec 2014 -
- 26 Nov 2014
30 Dec 2014 28 Nov 2014
30 Dec 2014 01 Dec 2014
31 Dec 2014
=================================================================
hard to read it was
Last Delivery Nov 28
========================================
Silver Futures CalendarLast Delivery
28 Nov 2014
and First Notice for DEC
There's definitely some fuckery going on. Gold is all over the map. Silver is waaaay up from the lows for some reason. Oil is about 3% higher than it was a few hours ago.
I don't mean manipulation. I just mean something weird is going on.
"Black Swan Down?"
I was just wondering... The collpase in oil prices is obviously impacting the ruble, but don't much lower oil prices also imply lower demand for USD?
What could be the repercussions there?
With shaky fingers I typed in Kitco on the address bar a short while ago...
Was I seeing what I thought I saw?
Au had bounced back to the level it had been before the paper slam!
That other story showing the divergence of Au vs debt is all you need to know it's manipulated.
Last night with silver at 14.60 I was thinking, if this reverses hard to the upside that could indicate a bottom. I figured the odds were low but part of me thought it might happen. Last nights sell off looked like a forced liquidation, ussualy a good buying opportunity. Only time will tell, but I think bottom or not, stacking at these prices will be a winner in the 2-5 year time horizon.
Paper, Paper, Paper...
Peak Gold Bitchez!
Rob Kirby states emphatically that large scale gold purchases in Asia are currently being done at 50% over spot. Sh*t's about to get real if this is true
http://www.goldsqueeze.com/analysis/rob-kirby-gold-selling-for-50-over-s...
We need a chart with a finger in it.
I think this latest rise in gold is the boyz telling the bugs 'Fuck you' and see how the Swiss 'NO'vote and anything else you do will not affect us in the least, quite the opposite.
Gold will see some upside as the dollar takes a brief rest...
http://www.globaldeflationnews.com/gold-elliott-waves-forecast-a-multi-m...
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
New battle shaping up... last one was at silver 16.30... bears retreated to 16.70... gold was held at 1200. A retreat is made to slow forward momentum, metals are capped, held there for as long as necessary to absorb buying, and then crashed in thin markets. Not allot of intelligence to this, just pure criminal thuggery. This world structure is corrupt to its core, and cannot last much longer.
btw... silver cap appears to be at 16.50... not certain if the attempt is being made to cap gold at 1200, or a retreat is in process... perhaps to 1204.50? In any regard, we have not seen the last of the metal smackdowns.
looks like the FEDVY was buying Chevron, Exxon and WTI all day to hold these markets up to me
The Tylers promise bankers jumping from buildings and everyday I wake up and am disappointed.
Wow, woke up to gold down $38.00 bucks went for a mountain bike ride, and it's up $45.00. Good lord the champagne sipping, gold short banksters must of ran out of "Dom ".
Cover will ya!
I was told by an eminent source that if the Swiss voted to move to the gold standard that gold would sky rocket. I was not told that if they voted against the gold standard, gold would also skyrocket.
I'm pretty sure Howdy Doody was a puppet.
I think that this gives substantial context to the Ferguson riots and the government and media hyping and fomenting it start to make sense. It is meant to cover an inability to deliver on paper PMs, economic cratering and the loss reserve status of USD.