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Gold & Silver Spike Ahead Of ECB Press Conference

Tyler Durden's picture




 

Nothing to see here, move along...

 

 

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Thu, 12/04/2014 - 09:33 | 5516197 quasimodo
quasimodo's picture

Rest easy, it will be bitch slapped back down again.....no worries there

Thu, 12/04/2014 - 09:40 | 5516215 Beowulf55
Beowulf55's picture

No...pull our pants down and spank us, spank us, real hard......of course, some like that.  But that is only what my brain trust tells me.

Thu, 12/04/2014 - 12:06 | 5516236 Ignatius
Ignatius's picture

Handcuffed to a bedpost: "Go ahead, spank me you beast - you know you want to." 

    -- Timmy, the sailor

Thu, 12/04/2014 - 09:34 | 5516198 GetZeeGold
GetZeeGold's picture

 

 

Something wicked this way comes....

Thu, 12/04/2014 - 11:09 | 5516478 El Oregonian
El Oregonian's picture

It looks like the Righteous sale is ending soon...

 

Bummer...

Thu, 12/04/2014 - 09:39 | 5516219 pan
pan's picture

Smackdowns bitchez...

Thu, 12/04/2014 - 09:41 | 5516224 Idaho potato head
Idaho potato head's picture

The worm will turn, and when it does, Dune.......

Thu, 12/04/2014 - 09:41 | 5516226 Took Red Pill
Took Red Pill's picture

So much volitility in gold & silver lately. Something is brewing.

Thu, 12/04/2014 - 09:47 | 5516242 Drummond
Drummond's picture

i get the feeling I might have heard this ECB speech before. The song remains the same.......

Thu, 12/04/2014 - 09:47 | 5516243 LawsofPhysics
LawsofPhysics's picture

Who cares what paper gold or silver are doing?

Thu, 12/04/2014 - 10:04 | 5516293 bwh1214
bwh1214's picture

Because it is the real price you can acquire it for if you are still accumulating, and the real price you can sell it for if you are selling. 

 

I agree that the paper markets are not a true reflection of the supply and demand fundamentals, but it is the real price denominated in the same units as my paycheck, therefore it is very important. 

Thu, 12/04/2014 - 10:20 | 5516337 Rubbish
Rubbish's picture

I would think it's important for the Gold Bull Camp to close it this year at least 1% up or in the $1,215-$1,220 area. Take that Goldman's Slacks.

 

Gold Bitchez....I pick up pennies

Thu, 12/04/2014 - 10:22 | 5516345 lunaticfringe
lunaticfringe's picture

Agree. The only reason I care is that the paper price determines how much more physical I buy.

Thu, 12/04/2014 - 11:47 | 5516630 giovanni_f
giovanni_f's picture

The miners care. Most are in a catch-22 position. Sell to banksters at banksters price or die. The banksters use the metal to bring the price down. Only few miners can afford it - or have the economic insight (such as GORO or AG) - to store some of its production for selling it when prices improve.

Thu, 12/04/2014 - 10:08 | 5516304 Al Huxley
Al Huxley's picture

And if you were one of those unlucky suckers stopped out of your GDX position at 17.80 during the running of the stops at yesterday's close, not to worry, you can play again - only 19.77 to get back in. 

Thu, 12/04/2014 - 10:15 | 5516324 lunaticfringe
lunaticfringe's picture

I am in awe that anyone plays the paper game. I can't. If I know something is rigged and crooked- I just can't participate. Even if I was guaranteed success. That's how I feel about all PPT run paper games in this brave new world they have created for us.

Thu, 12/04/2014 - 10:19 | 5516312 lunaticfringe
lunaticfringe's picture

Well Eric Sprott predicted 2100 gold this month- over a year ago. Finally it appears he will be proven correct, only 900 to go! Buy your out of the money calls cheap! Woohoo!

Eric is that you hitting the down arrow? 

Thu, 12/04/2014 - 10:23 | 5516348 cpnscarlet
cpnscarlet's picture

Even if that miracle did happen, the only person I'd pat on the back would be Harvey Organ for his call that everything would fall apart this month based on his read of the COMEX positions.

All the other PM "experts" are broken clocks in my view if anything they say is proven right.

And Turk the Jerk is still a f***ing S-O-B shill idiot "I'll say anything to get you to buy into GoldMoney" huckster charlatan "I'll never say I was ever wrong" BASTARD. 

Thu, 12/04/2014 - 10:27 | 5516363 oddjob
oddjob's picture

Broken clocks?!?....., MSM pundits have been calling for higher interest rates next year for 6 years now.

Thu, 12/04/2014 - 12:53 | 5516927 Temporalist
Temporalist's picture

There has never been a better time to buy housing, stocks, bonds, CDOs, derivatives....never better.

Thu, 12/04/2014 - 10:57 | 5516434 Moe Howard
Moe Howard's picture

I only looked away for a moment. Are we there?

Thu, 12/04/2014 - 11:01 | 5516446 romanko
romanko's picture

Any forecast or analysis has the implicit assumption that the laws and rules governing the market will at least stay the same.

 

In hindsight, the entire PM investing community could have avoided a lot of pain if we took into account that the banksters and their lackey politicians would break every law or regulation that stood in their way – brazen naked shorting, infinite rehypothecation, ignoring accounting standards, even outright fabrication of statistical measures.

 

We stupidly gave them too much credit to respect their own laws.

 

The only consolation we have now is that it’s the sellers of gold and silver that are getting screwed, buyers have been given a bit more time to accumulate at below-cost of production prices.

Thu, 12/04/2014 - 11:47 | 5516626 Ewtman
Thu, 12/04/2014 - 14:59 | 5517421 cpnscarlet
cpnscarlet's picture

E-W Forecasts have been DEAD WRONG for the last 24 months AT LEAST.

EW analysts - another group of tea-leaf readers who are broken clocks!

Thu, 12/04/2014 - 11:51 | 5516642 Pullmyfinger
Pullmyfinger's picture

This is a bullshitt post. Gold stabs briefly up five or six bucks and silver rises about 20 cents --and this is somehow significant? This is like hypnotizing chickens, wherein you get them to stare at some microscopic detail to cluck about when they "come to" --at least, to the degree possible for a chicken, that is.

At least ZH was right when they said there was nothing to see here, so let's all move along now, ok fellow cluckers?

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