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Stocks Jump As Precious Metals Dump
Because nothing says the status quo is still in charge like crashing gold & silver and rebounding US equities. All driven by USDJPY's magical levitation starting at 12ET runs the stops over 118.00...
Because fun-durr-mentals...
So once again sell PMs...
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This market is getting hilariously broken. It's fun to watch, but I fear what the end result is.
the end result is Zero Hedge gets blamed
I don't know if anyone else thinks this, I hate to even mention it in public, but the markets looked like they might be rigged!
they are doing everything they can to keep this in life support
YESSS...Down boat! Come to me, my precious. :)
Keep going banks! Everyday you keep this manipulation going is one day closer to me pissing on your ashes.
Precisely at ..10:00 a.m…
Gold and Silver BOTH took a nosedive.
No market rigging going on here.. nope.. none at all.
APMEX has 100oz. silver bars on sale for $.59 over spot with free shipping. Although I like my phyzz broken up into much smaller pieces, that deal I just couldn´t resist.
I'm so with you. I have been at this long enough that I stongly suspected the dump was-a-commin. Shall we back up the Killtruck? Or wait just a lil' bit more?
"I don't know if anyone else thinks this, I hate to even mention it in public, but the markets looked like they might be rigged!"
People are not even aware of what is going on. This is going to end in tears. Somebody are pushing the chart until it goes over the hill.
Anyone not having gold is going to get crushed.
Paper PM's are easy to play with, like warm bottles of nitro, though it is a great buy oppurtunity for physical if you can find a dealer who isn't on back order forever.
Gold holders will be crushed too, just not as bad.
Take me for instance. I have funds trapped in an annuity. I am so fucked. But not totally fucked. I look at the annuity as a hedge that I am wrong about disaster. (Insert manical laugh here, I so hate that I can't get to that money and change how it is allocated). My workplace decided and there I am.
Ah, the Land of the Free!!!
I have funds trapped in an annuity. I am so fucked
No shit! Anyone know how to get fund out of an annuity somewhat pain free?
NOOO, WHAT MAKES YOU THINK THAT SIR?
YOUR TELLING ME THAT YOU DONT BELIEVE THAT ''INVESTORS'' ALWAYS R COMING INTO THIS ''MARKET'' AFTER EVERY SINGLE LITTLE DROP, EVEN IF ITS A 2 PT DROP IN THE S&P?
These markets are riggered, jiggered, and conspicuously configured.
In mining towns they called it the "company store" where everything was 70% overpriced but you had no other place to go.
They'd give you -30% on your Gold and charge you +70% on the food you bought. Sound familiar?
Welcome to the Acme Mining Town Plantation!
You just described the NWO: a global plantation: fascism at the top, socialism at the bottom. Because psychopaths really hate free markets.
ROFL. Good one. Why yes - it is starting to look that way. Shhh.
Would call that a reversion off the am low. Thank Apple.
Http://www.hedgeaccordingly.com
Yawn.
K-Hen slapped the Easy Button*.
He's hitting it & Mr. Yellen's stank hole.
*Harlem Globetrotter layup.
Raise the interest rate, Mr. Yellen!
yep.
pump the bump to the chump then get behind him and hump.
It's nothing, not even paper anymore... virtual prices for a virtual world. I'd rather play Civilization...
lol
+1
This is Limerick King talent!
oh well at least the ruble got crushed as well.
Tht should really help the EU exports and tourism from Russia lol
Send EU/NATO into the toilet for Amerikan Imperialism
russian tourism in ukraine?
And you would like to see those Russian tourists in Washington?
thats right....
keep allowing me to load up on more real money SILVER below $17, and way below the cost of production..
nibbling all the way...
DEATH TO THE MONEYCHANGERS.
Yeah, because the world is all about you and how much silver you can buy.
As long as YOU can buy MOAR, there is no problem here.
I'm working with a woman right now who was a successful middle class employee making valuable contributions in the field of medical massage. She was, in fact, teaching others her methodology.
She was frugal and saved her money. She would put away money so that whenever she needed to buy a car (late model used) she paid cash.
But she became ill a couple years ago and is now destitute.
So what is my point? There are lots of people who are in dire straits right now who would be in better shape if PM's were at their true price right now. Their silver might be worth 50 times what COMEX claims it is worth. But they are stuck with a tiny nest egg too small to make much of a difference.
See - the problem is bigger than you.
A true marketplace would have helped those people. Instead, we continue to have thieves spending each weekend on Martha's Vineyard at the expense of little people in trouble.
you speak as if all silver stakers were born in 2011. thats less than four years ago. itss a blip.
saving silver is a lifetime plan.
there are two simple parts to the cycle.
buy low
sell high.
like it or not we are in the "buy low" part of the cycle.
you cant wish the sun was out at 3am. you just have to wait till morning.
if you plan long term you wil not be caught in a situation as your friend you refrenced. You will be able to play this cycle long term and have other "outs" rather than
"Selling low"
O bullshit.
She is 31 years old. As I said before, she is quite frugal. She become ill when she was 28-29. How much time did she have to stockpile all those PM's you seem to think she should have had.
There was no long term for her. She was never rich with a lot of extra cash to stick into PM's - certainly not enough to last her 3 years in an emergency.
And why is it you would expect perfection from her in her savings preparations, yet not have any complaints about the piggish thieves who are controlling everyone else's situation even if they do try to prepare?
She is not the only one who is suffering due to the thieves who make prices climb, so that they can buy private jets.
Bottom line: How the fuck can a person "sell high" - as you recommend - when the crooks run the shell game and never let the high prices become a reality??
yet not have any complaints about the piggish thieves who are controlling everyone else's situation even if they do try to prepare?
Yet, here you are blaming this guy, who isn't the "piggish thief" you're whining about, for her fuckin problems. And still failed to mention how he's responsible for her problems.
hey dude...
do u know my story???
do u know what me and my family who i am responsible 4 have been thru since 07'???
u have no clue what we have lost and how we would have been destitute if not for me getting out of the debt and death fiat paradigm and instead accumulating real money outside of the "made for slaves" banking/fraud markets...
no, it aint just about me - its about my collective, and i empathize with all who r suffering as a result of the sociopath MoneyChangers...but i chose to educate myself as to why things have happened, why things r the way they are... i went down the the "rabbit hole"...
and it all leads back to the manufactures of the debt coupon dollar...
dont hate me, and dont think that i come here to brag...
focus on yourself and endeavor to protect your own...
That's the problem isn't it? Focusing on yourself. That was the point of my previous comment.
no u missed the point...
"my collective..." is my focus
u have issues that have nothing to do with me...address them and ignore me...
control that which u can, and worry about those who u care about...
Nice projection there. Sadly, your logic fails. WTF is he supposed to do? Take care of everyone else somehow? Fact is, he has made valuable contributions here for a long time concerning PM's. Not his fault your friend is hurting (like many here).
thanks for the back up bro...
may u b well....
Fuck yeah he is focusing on his family just like every man with a pair of balls should. Thats what a responsible father/husband is suppose to do.
See - the problem is bigger than you.
You forgot to mention the part where she, and all the others like her, are his problem...
Spoos isn't buying it.
Russia and China central banks keep buying these Yen driven dips and then POG recovers.
Pillaging not yet complete.
Will this last? Or will the S&P give it all back later.....
Yellen might have noticed the 5 wave correction.... 2040 SPY anybody? Here comes Santa Claus rally / bounce.
and ....which one of you wanking fuking bankrs is selling gold and silver that does not exist?
yet another 150 point Dow bounce, I thought they said they would not intervene if we saw another sell off! right same ole shite
Buy
The
Fuggin'
Crisis
When the hell is Putin going to announce gold as legal tender in Russia and oil for gold only?
Please make this stop!
Keep the Ponzi up long enough to get as much gold as possible. What could be easier? When you need to kill it, then do so. But why Rush(ia) the crush(a)?
Too many small specs still long PMs and they need to be cleared first.
Russia doing well as they work with everybody
Dubai’s Gold & Commodities Xchange DGCX To Start Russian Ruble-Futures, Gold and Oil Contracts
U.S. Abbott Labs To Buy Russian Generics Maker VeroPharm
Russia To Help Build 12 Reactors in India
and more.....http://newworldorderg20.wordpress.com/
and so is Obama ... working with everybody ... we are never beyond on anything!
Relax...they are OUT of real metal...
Go to any metal dealer, they have more stock than most people could ever afford to buy.
That's only the piddly little US retail market. Try overseas, in size.
No, "overseas" and in size, there is plenty. Try a ME souk. The crude crash is hurting the shebabs.
Do you even realize how few bullion shops there really are? I live in a town of 50,000+ people and I have to travel 60 miles to a regular stocking dealer. Sure there some pawn shops and little collectible dealers around but they dont carry any considerable quantity. So there is one heavy hitter to supply the surrounding 500,000 people. What happens when even 3% of the population wants to invest in metals? Those several hundred ounces he has in stock will be gone in minutes. I think you vastly underestimate the supply situation.
Maybe people in your town could, I don't know, go on that new-fangled internet thingy and find a dealer that will ship to their door for $10-$15?
It would cost more in fuel than that to drive 120 miles round trip - not to mention the two hours of your life you'll never get back.
STFRYFI
Get to work Mr. Bullard!
I know Bullard is well liked in many quarters as a Middle Westerns straight shoorter ... however, at the risk of being junked here it goes ...
the guy is a phony!
Where can you buy physical and get delivery against payment today?
pawn shop, coin shop, how much of a premium do you want to pay?
Paypal will loan you money free for 6 months to buy it from Fleabay.....
RAMP underway...! MUST....CLOSE....HIGHER....
Well, so much for that little pump....guess that was just to let banksters double up on shorts and back down we go.
WE HAVE A SERIAL JOO JUNKER ON OUR HANDS!!
Probably Abe Foxmann of the ADL.
yep I guess the Ruble crashing 15% in one day isn't bullish for precious metals, looks like Fed is also crashing every EM currency as well, sure they will all be grateful for that
In my unicorn dreams, this is happening because of what Maguire said on Sunday.
Metals now below cost of production.
That which cannot continue, will not continue.
Think of it as the final printing of PNAC.
Oil being so cheap hasn't lowered cost of production?
I'll take that bet.
Could't resist and I grabbed some $17.46 rounds. What the fuck. I can always drop them in a bottle of raw goat milk as a preservative.
Abe gets re-elected. Yen moves stronger?
How does that work? Is there any reason it should not be making the same move as the ruble?
priced in is the answer, sell the news..... Japan is one of the major winners in the oil crash.......
Come on Tyler talk about the flattening of the Yield curve today..... 2/30s getting interesting, 10 is stuck....
This may get ugly today, looks like they are loosing it....... buckle up....
Looks like they're having trouble controlling it: the S&P is UP, then DOWN and the TSX is DOWN then UP, they can't coordinate their ramping efforts anymore...
The PPT HATES volatility but can't do anything about it...
I'm as a big a gold bug as anyone here. But I still don't get some of you clapping the manipulation and saying you are one day closer to collapse. I see it as if they didn't manipulate it would have collapsed yesterday. So I just don't get these posts ?????
What's to say PM is this great ultra protection from the coming shitstorm? I have some, but fully expect them to ban trading of it if shit gets really serious.
Silver stomp getting diminishing returns on dragging gold down. At this rate they'll need silver down 5% to get gold through 1200 . . . and maybe not then either.
Well, there's silver down 5% and gold down almost half that at 1192 or so.
Zombie market cannot be stopped! RAGGAHAGAaHAHh!!111
LOL!
Hands up, don't shoot. Just an innocent Zombie. Really!
Comoodities could be down because of weak supply/demand characteristics, or they could be down because some hedgies have short-sighted algorithms that are getting ahead of supply/demand. I used to think you could use market moves to tell you something about the future, but now I think that algorithmic trading blunts the short term rationality of the market. Obviously the largest two economies in the world are growing quite strongly right now.
In the meantime, anyone who has more than the play money invested in something whose intrinsic value can't be calculated is handing their head to the market. I am super skeptical of precious metals as a long term investment. SInce gold was allowed to float, the price has an averaged about $750 / oz inflation adjusted, considerably below current levels. If I had to guess, I would says it is going to "correct" for market psychology reaons, to be well below that $750 level. But even then its value would be well above its likely industrial-use equilibrium point which I can claim is $50/oz because no one will have good argument against that.
Stock valuations have uncertainties, but at least they are only hard to value within a reasonable, definable range. One of these days "precious" metals are going to teach people an important lesson about what happens to equilibria when people can't fundamentally agree on how to value the underlying asset.
Gold is only a "commodity" to the bettors in the leveraged US paper "markets". To the rest of the world it's MONEY.
Excellent, a taker. Do you have proof that it is money, or is that just your religious belief? And in your response, I would be ever so happy it you expressed an closed form equation the value of gold (given any reasonable set of input parameters). That can be espressed statistically - it doesn't evalute to a particular value, it can be probabilistically defined.
You have a much harder job in this debate, because I only have to claim that there is no such equation, and you actually have to prove that there is.
I acknowledge that a currency is not the same thing as an investiable asset, but I find that people who are pro gold usually conflate those two things. So feel free to beg out if you don't think it is investible (i.e. gold is just the unit of measurement).
You have a much harder job in this debate, because I only have to claim
because you said so? ummmm, no. Not so much. Back in reality, 6000+ years of recorded history proves him right and you have to actually prove that wrong.
i.e. gold is just the unit of measurement.
like money?
Right, things were much better 6,000 years ago than they are now. Life expectency was 25 years.
My reading of the history of gold is different than yours. The only reason metals were used was because they didn't degrade the way other tradable goods did. But they proved tremendously impractable. The reason we have paper money is because people couldn't (practically) carry around their metal around because it was too heavy. Thus certificates were issued by goldsmiths that could then be traded instead. However, no one could agree on the prices of gold (and other metals) (HINT HINT!!!) so the financial system was constantly unstable. There wasn't actually any stability in the economic system until well into the Industrial Revolution. At that time European economies were flipping to paper money because people needed revolving credit and loans to grow their factories. None of this could have happened with physical metals. Suddently banking got a lot more sophisticated, the economy exploded in size, and bankers began to slow of process of learnning how to properly buffer the financial system to maximize growth over extended periods.
Nothing in that history makes me want park my retirement in gold.
In the meantime, yes, if you follow my line of argument carefully (or not so carefully), I am saying gold is valueless and I am asking any one to refute that. Surely someone is their pro-gold hangout knows how to do that? Just one equation . . . just a hand-full of ascii characters would do!
Name something more valuable than gold and then you might have half a leg to stand on with your inane position. However, I do wonder if what you do pays well? My girlfriends sister makes good money, but when I spread my legs they laugh.
Well SilverSavant you don't have game either do you? Where is your valuation equation? The truth is you invest in something who has no theoretical value, isn't that true?
I wouldn't worry about my income. If you knew my real life identity I think you would be very surprised.
I'd definitely be buying real money if I had any more fake money.
You know what would be totally awesome? If Jesus had waited 2,000 years and come today so he could go through the marketplace and "Control, Alt, Delete" the moneychangers computers!
Then the following week, the moneychangers could pull some strings to get TMZ, Gawker, and Twitter, and the TV networks to thoroughly destroy Jesus's reputation since we don't go around crucifying people on crosses any more.
Forty days later, the Zerohedge family would be virtually gathered around their computer screens when Jesus comes back and instructs them to go "two by two" to spread a message of hope. They do that, and just like the original apostles, they too get martyred and suicided by nail guns and the like.
Zerohedge comes under new management, changes its name to "High Frequency Hedge," and laughs all the way to the central bank.
Someone should make a TV movie.
Gold mining is proportional to the amount of dirt you can move for a given dollar, fuel is the primary expense of gold miners not labor, equipment, or even a good claim but fuel cost in relation to gold cost.
You crater oil in relation to gold and gold mining automatically explodes, nature hates a surplus, even artificial ones.
Oil tends to fix itself quite quickly.
Low oil price most benefit to mining, transport, and ag.
1) Gold mining & production, after a long period of declining prices, might take awhile to ramp up.
2) Miners often hedge their inputs, those that bought oil forward will experience a lag before they benefit from lower prices.
They're absolutely determined to manipulate their fake "gold price" below US$1200.
I looked to see if we were having a USD rise but...no. Have to wait until the US "markets" close for reality to reassert itself.
FFS those Cunts just did it again
Down something like ten dollars in...minutes..!??!
The GOVERNMENTS allow, encourage and need the continution of this fake paper betting.
My biggest mistake in gold: underestimating just how important it is and what lengths they would go to suppress it's nominal "price."
I'm not going to scream manipulation this time. Gold and silver were smashed, but so were platinum, palladium, oil, copper, iron, and every other thing that exists. This is what true panic looks like... the early stages at least.
Both times (around 12:00 and 2:20 EST) that gold sold off equities went vertical. That looks like manipulation to me.
It might just be a coincidence. Oil dropped around 12:00 as well. There seems to be a lot of financial unwinding going on.
Here we go again
Down to $1192 (-2.5%) on no news whatsoever. Just another day in the new normal.
Everyone here is so friggin STOOOOOOPID. You're buying gold, silver, stocks, etc. How friggin DUMB ARE YOU!!!!??? Buy CHEWING GUM. A cop will shoot you if you steal a stick of gum from a WalMart but the guys on Wall Street stealing TRILLIONS of dollars have nothing happen to them. The cops even open their limo doors and lick their asses WHAT does that tell you people???!!! It's so simple to see. Gum is worth more than gold and money. BUY GUM!!!!!! I can't believe Janet Yellen didn't tell all the poor people to buy gum. WTF???? I just invested in 50 packs of Big Red. When people are starving and dollars mean nothing WHAT do you think they're going to want, what they'll riot for? GUM. That's right, GUM. Cops will kill you over ONE STICK.
some people exerted their manipulative powers
The American and world economy is in uncharted water and weird crosscurrents are clouding our economic future. Last quarter America's GDP came in at a strong 3.5% but the fact that a 10% jump in federal spending, mostly on Pentagon hardware bolstered growth and was very much behind the numbers. This "pre-election" spending was the biggest increase in federal spending since 2009 when the Obama administration put in place a huge economic stimulus package.
Mix in an upbeat November number concerning job creation, falling oil prices and ever higher stock market prices and new record highs and many people have the impression we are on a roll. The truth is if this market is as over extended and distorted as many people think a crash may occur at any time. The article below delves into some of the many crosscurrents at work that could bring the economy to an abrupt halt.
http://brucewilds.blogspot.com/2014/12/crosscurrents-cloud-future-economic.html