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Russia Has Begun Selling Its Gold, According To SocGen

Tyler Durden's picture




 

A few days ago, we first reported a rumor that was floating around Wall Street desks, and which, according to some, was the "reason" that gold was being kept lower even as sovereign risk was exploding around the globe. The rumor was that Russia was selling its gold holdings:

This led to Bloomberg speculating, and us rhetorically asking, if "Putin's next step will be to sell gold"

"Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.

 

While some suggest the accumulation was "tradition" it is still nonetheless an impressive aggregation of the barbarous relic:

 

 

So given the efforts to build this gold-backing for their nation's currency, do we really expect Putin to now dump his physical: or perhaps more strategically suggest a true gold-backed currency and jawbone the currency that way?

So what is the truth? Well, we won't for sure until the next official report by the Central Bank of Russia hits the IMF database,  but in the menatime, SocGen just reported that the selling may have started:

 

Looking at the correlation between gold and oil prices, the chart above illustrates that both commodities were moving closely in tandem over the July to September period. However, this link was broken in early October when gold embarked upon the new rally on weaker US dollar and some physical support, while oil prices continued to slide. The rally, nonetheless, proved to be short lived, as gold returned to its downtrend after hitting the $1,250 level on 21 October, and continued to move down, along with oil, for the remainder of the month.

 

Starting from November we have seen gold and oil prices moving in opposite directions again. As we mentioned earlier, oil prices came under significant pressure on concerns about a growing global oil supply glut. On the contrary, gold recovered some of its earlier losses, supported by fresh buying interest in India on the news that the Reserve Bank of India (RBI) was reviewing gold import restrictions that were introduced last year. Towards the end of November, the RBI surprised the markets by announcing the withdrawal of the 80:20 rule, which saw gold imports surging to 150 tonnes that month, according to the latest statistics from the Indian Ministry of Commerce and Industry. In addition, worries over the potential impact of stronger US dollar on the global economy spurred some safe-haven buying. 

 

...

 

It is not surprising that Russia has been tackling its financial problems by selling the gold they have been accumulating. According to the IMF data this year, one of the world's largest oil exporters acquired 115 tonnes in the January to September period, and added another 18.9 tonnes to their reserves in October. Russia has been purchasing the yellow metal at a faster pace this year, taking advantage of lower gold prices and, perhaps, preparing for the possibility of a long-lasting restrained relationship with the West and economic downturn. It appears possible that the Central Bank of Russia has started to sell off some of its gold reserves in December, with some sources reporting that official gold reserves dropped by $4.3 billion in the first week of the month.

Of course, it should be noted that SocGen and its "sources" have a conflict: in an indirect way, none other than SocGen is suddenly very interested in Russia stabilizing its economy because as we wrote before, "Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet" which also sent SocGen's default risk higher in recent days. So if all it will take to stabilize the RUB sell off, reduce fears of Russian contagion, and halt the selloff of SocGen stocks is a "source" reporting what may or may not be the case, so be it. 

In any event, keep a close eye on the next update of Russian official gold holdings: it may well be the next big story of where gold is headed and, if true, an even more important question will be who is Russia selling its gold to.

 

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Thu, 12/18/2014 - 14:08 | 5569016 Fukushima Sam
Fukushima Sam's picture

Bad idea.

Thu, 12/18/2014 - 14:08 | 5569023 taraxias
taraxias's picture

"It appears possible"

LOL !!!!!

Thu, 12/18/2014 - 14:11 | 5569037 Pinto Currency
Pinto Currency's picture

 

 

SocGen is short gold according to Russia.

Thu, 12/18/2014 - 14:15 | 5569046 kliguy38
kliguy38's picture

Bullshit story.....all noise Putin knows what's comin' ......

Thu, 12/18/2014 - 14:22 | 5569069 Pinto Currency
Pinto Currency's picture

 

 

http://www.gold-eagle.com/article/grandmaster-putins-golden-trap

 

These gold lease rates indicate that it may be possible SocGen is full of it:

http://www.kitco.com/charts/popup/au0182lr.html

Thu, 12/18/2014 - 14:26 | 5569137 THX 1178
THX 1178's picture

I thought Russia would pull the plug before it parted with the Au. Oh well. Maybe the rumos are untrue.

Thu, 12/18/2014 - 14:30 | 5569155 Ahoy Polloi
Ahoy Polloi's picture

In similar news, I'm proud to report that I got a blowjob from Christy Turlington last night...

Thu, 12/18/2014 - 14:32 | 5569172 jaap
jaap's picture

Very interesting to listen to Paul Craig Roberts today. Telling it all:


http://usawatchdog.com/is-ruble-collapse-act-of-war-paul-craig-roberts/

Thu, 12/18/2014 - 14:36 | 5569204 James_Cole
James_Cole's picture

In any event, keep a close eye on the next update of Russian official gold holdings: it may well be the next big story of where gold is headed and, if true, an even more important question will be who is Russia selling its gold to.

Now this some funny shit. One of zhs favourite absurd theories comes crashing down...but don't worry! Who's Russia selling to? China?? Soon china will swap to gold standard and USD will be worth nothing!! Sure, that would crater their economy.. but um..who's china selling to???

In other news, Stox currently in freefall on the back of low oil price!! It's all overrr

Thu, 12/18/2014 - 14:39 | 5569222 aPlayer
aPlayer's picture

Can't understand. Why would they sell the Gold if they can unload part of their $200 billion held in US treasuries? Something is not right here. Or they cannot sell the US treasuries?

Thu, 12/18/2014 - 14:48 | 5569274 BaBaBouy
BaBaBouy's picture

Folks, We Are BullShitting You ...

Thu, 12/18/2014 - 14:55 | 5569302 Manthong
Manthong's picture

We bullshitted some folks..

Thu, 12/18/2014 - 15:22 | 5569453 SilverIsKing
SilverIsKing's picture
<- Russia Has Been Buying Gold, According To SilverIsKing

<- Russia Has Begun Selling Its Gold, According To SocGen

Who ya gonna believe?

Thu, 12/18/2014 - 15:28 | 5569466 nope-1004
nope-1004's picture

It's obvious to me:  Russia would rather buy Comex futures than worry about physical.  What, with transportation charges 'n all, futures is where it's at baby!

 

And the other point I want to make is that in war, truth is the first casualty.  I don't believe what ANY western bank says or does.  They're all insolvent and will die soon.

 

Thu, 12/18/2014 - 15:41 | 5569567 synergize
synergize's picture

Please tell me SocGen isnt quoting the defunct business insider story...

 

http://www.businessinsider.com/russia-gold-hoarding-ruble-problems-2014-12

 

This was FOREX reserves not necessarily gold...

Thu, 12/18/2014 - 15:50 | 5569627 Divided States ...
Divided States of America's picture

Russia maybe selling a portion of its gold like SocGen says...maybe the Russians did some testing on recent gold purchases (they bought so much recently), found some tungsten filled bars in their purchases, and is offloading these worthless bars in the markets while they still can.

Thu, 12/18/2014 - 16:09 | 5569707 SilverIsKing
SilverIsKing's picture

Wouldn't they do the testing before taking delivery in the first place?

Thu, 12/18/2014 - 17:12 | 5569993 COSMOS
COSMOS's picture

Why sell it for shit dollars when you can use it to underpin your rouble and make it strong overnight. Total BS story.

Thu, 12/18/2014 - 19:36 | 5570607 Jeff the Terrible
Jeff the Terrible's picture

It's sand. In 100 years it's still gonna be sand.

http://y2u.be/VI6tBwVjyOY

Thu, 12/18/2014 - 21:41 | 5571017 Save_America1st
Save_America1st's picture

So, if Russia sells it's gold to China (The Golden Hoover), does that or would that affect the SCUMBAG, FRAUDULENT, CRIMINAL, CARTEL MANIPULATED PAPER MARKET????

I mean, fuck...Say Russia sells it's gold to China for U.S. T's...Russia can dump those T's for China, right?  Or something like that.  Dump those T's for dollars to spend on all those China/Russia projects that are lined up and ready to go and would be all at the expense of the SCUMBAG, FRAUDULENT, CRIMINAL, CARTEL FEDERAL RESERVE and at the expense of the American public.

Is Russia and/or China really in a bad spot here with relatively low debt, high FX reserves, especially in U.S. shit paper that WE have to pay for when they DUMP it, massive phyzz gold holdings compared to the U.S., and they can just use all that to build pipelines, buy more phyzz gold and silver cheap on the back-side, buy more oil cheap, drive down oil prices which are crushing the U.S. oil projects and shitty levereged loans (which will cause major bank defaults along the way to a massive crashing domino effect), and fund the rest of the Russian/China/BRIICS strategic plans to exit the shit U.S. petro-dollar and end the dollar as the world reserve currency.

What's the West gonna do?  What's America going to do?  You know what I see our SCUMBAG, FRAUDULENT, CRIMINAL, CARTEL, MARXIST, TREASONOUS, government doing right now?  

Well...they just overturned the one small portion of the Dodd-Frank bill so that the banks can risk everything we've got on more casino derivatives all at our expense and their profit!!! 

Wow....NOT WINNING.  I'm pretty sure Russia and China read ZeroHedge, HAHAHA...unlinke 99% of most Americans and probably most Euro-Peons as well, so I'm pretty sure they know what our CON-gress critter scum just did to allow these criminal banksters to destroy the system all over again.

I'm pretty sure they know what to do to deal with that and to prosper from it when there's serious blood running in the streets after all this totally goes nuclear meltdown.

So fuck it.  As I always says, bitchez...KEEP STACKIN' THE PHYZZ!!!  It's on sale still...get it...got it...good. 

 

Thu, 12/18/2014 - 22:00 | 5571056 Save_America1st
Save_America1st's picture

Don't usually reply to myself...haha...

But speakin' of stackin' phyzz...just checked my email, and Silver Doctors (no affiliation, ;-) has silver Buffs on sale any quantity right now for .75 over spot!

http://sdbullion.com/silver/generic-rounds/1-oz-silver-ntr-buffalo-round

Just sharing the X-mas love, bitchez.

Don't buy any Chinese bullshit for Christmas. 

Give all your friends and family some kicks ass, brand new, nice and shiny phyzz silver Buffs, Eagles, Maples, Phils, or any other awesome private mint stuff that you choose! 

Don't give them any stupid gift cards, gift certs, cheap-ass clothes, stupid fucking video games, flat panel TV's or whatever, yadda, yadda, yadda.

Give the gift of silver...insurance outside that criminal bankster system with no countery party risk and a preservation of wealth!  Plain and simple.

Educate your friends and family this Christmas.  Give the phyzz silver.  But also give them an education.  I recommend a couple kick ass books:

The Creature From Jekyll Island,  END THE FED,  The Road To Serfdom,  Liberty and Tyranny,  The Liberty Amendments,  Currency Wars,  The Money Bubble,  Strategic Relocation,  you get the drift...And give them a book with a silver dollar with it. 

WAKE THEM UP!

Give them ammo if they have guns of the caliber they own.  Give them some Mountain House food storage or other stuff like that.  Water filtration systems (I recommend Pro-Pur), etc. etc.

No more bullshit from China...make it count.  Give them a 1/10 Gold Eagle.  THEY'RE ON SALE AND CHEAP AS HELL, BITCHEZ!!!!  Or give them 20 ounces of Buffaloes or Eagles...still cheap as fuck! 

MAKE....THEM....THINK!!!   USE YOUR GIFT TO WAKE THEM UP!!!

It's the gift that will keep on giving. ;-)

 

 

 

 

 

Thu, 12/18/2014 - 22:24 | 5571128 7.62x54r
7.62x54r's picture

Who is this Socgen idiot, and why should anyone beleive them?

Thu, 12/18/2014 - 23:30 | 5571294 AssFire
AssFire's picture

This rumor has been dispelled- http://goldchat.blogspot.com.au/

Russia would never sell their gold.

 

Thu, 12/18/2014 - 23:42 | 5571343 Stuck on Zero
Stuck on Zero's picture

Russia is spreading the rumor to drive the price down.  It then uses its foreign reserves to buy physical gold.  Win. Win.

Fri, 12/19/2014 - 01:53 | 5571530 bunzbunzbunz
bunzbunzbunz's picture

Gorsh I can't tell...Does anyone here make money selling PMs?

Fri, 12/19/2014 - 05:37 | 5571688 winchester
winchester's picture

fake frog information,

 

russia do not sell gold, it buys gold...

 

i fixed it for you  :)

Thu, 12/18/2014 - 22:05 | 5571068 jerry_theking_lawler
jerry_theking_lawler's picture

Who said they ever 'took delivery' in the first place?

Think about it....Russia buys 55t of gold....how much you think they were able to get their hands on phsycially. Now, if you are sitting in their position, why not sell the 'gold' that you have paper on (and not the phyzz). Gets them out of a whole on currency problems, drives the price of gold down further, plus, if things went really bad, the West would just seize the 'paper' gold anyways....sounds like a perfect plan. Now, see if they are soaking up phyzz under different entities all the while.....

Thu, 12/18/2014 - 21:32 | 5570985 flapdoodle
flapdoodle's picture

What better way to drop the price of gold. The Russians may do just the reverse of what they are "rumored", e.g. buy as much gold as they can and back up the truck - and pay for it by ditching their supply of US Treasuries... Kills two birds with one stone.

Fri, 12/19/2014 - 06:04 | 5571690 Anasteus
Anasteus's picture

Russia has other choices than to sell gold. In fact, they can sell paper gold if they want to and demand physical delivery from Comex; that would be a firework. Selling physical would be the dumbest option. They could first dump their treasuries or denominate oil sales in rubles, just to mention a few. One should not make Putin a total idiot.

SocGen's wishful thinking transformed to neocon's propaganda is understandable. Spreading it out here is much less.

Thu, 12/18/2014 - 15:00 | 5569343 KnuckleDragger-X
KnuckleDragger-X's picture

Rumor says....

Thu, 12/18/2014 - 15:54 | 5569641 Crash Overide
Crash Overide's picture

You don't spend all that time buying gold just to turn around and sell.

Putin is still a few moves ahead...

Fri, 12/19/2014 - 11:03 | 5572377 mkkby
mkkby's picture

Russia suddenly woke up and realized gold is just a barbarous relic.  Better to keep those paper reserves backed by their enemies.  Much more valuable and a better defense against sanctions.

Thu, 12/18/2014 - 15:34 | 5569525 kchrisc
kchrisc's picture

"Or they cannot sell the US treasuries?"

Actually they can sell their US treasuries. They can use them like China has been doing by trading them for foreign assets.

Above all, they can trade them with an entity that can sell/trade them elsewhere. Like China.

My point is that China can, and probably is, serving as a great go around of the Zionist west's financial acts of war against Russia. And the west will have a difficult time trying to stop such actions, as then what will be available for sale in Walmart, Taget...?

The banksters need to repay us.

Thu, 12/18/2014 - 16:07 | 5569686 Chupacabra-322
Chupacabra-322's picture

Criminal Fraud UNITED STATES, CORP. INC. are useless IOU's.

Thu, 12/18/2014 - 16:27 | 5569789 boogerbently
boogerbently's picture

"Should read:

"Russia used $4.3 Billion in gold in trading to circumvent the USD....."

Thu, 12/18/2014 - 16:30 | 5569796 Mountainview
Mountainview's picture

Indeed, they should do the contrary, peg the Rouble to Gold

Thu, 12/18/2014 - 17:32 | 5570115 RaceToTheBottom
RaceToTheBottom's picture

Folks, I told you yesterday I was in negotiations with Vlad to purchase 2 or possibly 3 kilos of gold.  

My price is 800$US per ounce, but negotiations are continueing.  I will keep you appraised.

Thu, 12/18/2014 - 20:19 | 5570747 TheReplacement
TheReplacement's picture

These media pieces are just the western banker mafia informing Russia that the pain will all stop if Russia just hands over the gold. 

Thu, 12/18/2014 - 20:38 | 5570818 Amerikan Patriot
Amerikan Patriot's picture

Have they not been consulting with you??

Fri, 12/19/2014 - 01:34 | 5571517 agNau
agNau's picture

I would believe this if it were front page Enquirer before SocGen.

What Putin needs to do is to send a "salted" bar over to SocGen, only don't use Tungsten. Sure the weight would be off, but I'd love to be there when they drilled it.

Thu, 12/18/2014 - 15:10 | 5569350 Paveway IV
Paveway IV's picture

Someone correct me if I'm wrong here.

There's a difference between sales of Russain gold production and Russia selling its gold reserves.

Russian gold reserve = zero reason to sell an oz.

Russain gold production = almost no external Q2, Q3 sales because of sanctions and Western banks scheming. Russia reluctantly buys it up for their own gold reserves.

Global supply suffers during loss of Russian production. Gold lease rates eventually skyrocket through end of November. 

Russia and India (and China) chat it up, bypass USD and Western banks, and India (and China) start buying damn near all Russian production starting in December. Since there is so much demand from either country, Russain production purchases are not that big of a deal to them. To Russia, it's just 'normal' gold production sales like it was before sanctions - just different customers and NO USD involved - China and India have currency swap agreements with Russia.

Lease rates drop Dec. 1st because of the restored supply from Russian production. The effect is only temporary because of huge demand. Lease rates start climbing again because there is still not enough to go around. This will eventually be manifested in higher gold prices, which the West is actively fighting for some reason.

Russia IS selling its normal gold production again, just not in USD. It is NOT selling its gold reserves for any currency. It does not want to or need to sell its reserves.

Bypassing USD sales of gold has thrown a monkey-wrench into the Western banks' ability to supress gold prices at will. Western banks are panicing because they're losing control and probably have a bazillion USD in derivatives going south since they can't force gold lower - at least as cheaply as the scheme was previously costing them. 

Thu, 12/18/2014 - 15:17 | 5569434 Paveway IV
Paveway IV's picture

Oh - and none of that is good news. Western banks might have finally screwed the pooch in gold manipulation, but they will never lose their money. How convenient that the bank derivative welfare act was recently passed. 

Better get the 160th SOAR's black helicopters to start evacuating the Federal Reserve District offices NOW. The wood chippers are coming and they're hungry for some fat-ass Ponzi banksters.

Thu, 12/18/2014 - 15:57 | 5569654 Crash Overide
Crash Overide's picture

I have a feeling when all of this is over we might be saying:

"well that escalated quickly..."

 

...and hopefully there is a message to future generations that think ponzi's are a good idea.

Thu, 12/18/2014 - 20:23 | 5570759 TheReplacement
TheReplacement's picture

Hopefully we are actually still around when this is over so we can say... anything.

Thu, 12/18/2014 - 17:11 | 5569906 Paveway IV
Paveway IV's picture

The way I understand Russian gold production and sales: Russian producers cannot sell directly to international buyers. They sell all their production to a few internal (to Russia) dealers at market rates. These internal dealers then sell to foreign buyers. Where it gets hazy for me is what entity in the Russian government bought the gold that the dealers could not sell (because of sanctions/banks). If the Russian Central Bank bought the unsold gold BTW, then they paid in rubles, not USD. 

One possible reason for the appearance of sales by the RCB is if they originally had to buy the 122 tonnes of unsold gold from the dealers. I used the term 'reluctantly' because they had no intention of adding that much to their gold reserves that quickly - they just had to buy it per some kind of agreement with Russian dealers otherwise stuck with it earlier this year. The RCB would have had an equally difficult time selling that much gold if Western banks were reluctant to make any sizeable deals in USD with Russia. 

The 122 tonnes ($4.5 billion or so) was sold by the RCB at the beginning of December to India or China. So the RCB *may* have done the selling, but this was never really 'reserve' gold as far as they were concerned. They simply acquired it as a result of arrangements with Russian producers and dealers markets and finally unloaded it.

For the West, it means they are now permanently locked out of 50 tonnes a quarter of Russian supply they use to be able to count on. If Russia can get the same prices in direct sales to Chinese and Indian markets, then there is no need to go through Western bulliion banks and their USD financial clownfuckery.

The question is then: How many times did Western bullion banks re-re-re-hypothicate the Russian gold they previously bought? They may have shot themselves in the foot by snubbing Russian dealers earlier this year. $8 billion or so a year in Russian physical goes a long way when you leverage it 20x on paper and keep rolling it forward. Now Western banks have to unfuck themselves from all that paper leverage they can no longer roll because they just permanently lost access to 200 tonnes/yr of Russian physical that kept part of the Ponzi going.

If lease rates explode in the next few weeks, then you know every bank is trying to be the first one out of the Ponzi. They better have their WWIII false flag all set up - they're going to need it this time.

Thu, 12/18/2014 - 17:46 | 5570187 bbq on whitehou...
bbq on whitehouse lawn's picture

The question is selling gold for what? if you sell gold for rubles you have a gold backed currency. If you sell it for euros you have a euro backed currency. If you sell it for oil then you have a... Ya cause thats how you get gold into the finacial markets. You need a currency to buy a currency. Whats in your currency?

Thu, 12/18/2014 - 15:04 | 5569364 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

In similar news, I'm proud to report that I got a blowjob from Christy Turlington last night...

This appears to be true, according to unnamed sources.

Thu, 12/18/2014 - 17:33 | 5570110 aPlayer
aPlayer's picture

Did it happen after watching this clip?

https://www.youtube.com/watch?v=9zS_OPmASOc

Thu, 12/18/2014 - 15:50 | 5569617 StrangerThanFiction
StrangerThanFiction's picture

Nice!

Thu, 12/18/2014 - 16:23 | 5569762 Hulk
Hulk's picture

Is that a before or after photo, cause she looks a bit concerned...

Thu, 12/18/2014 - 18:18 | 5570309 Hmmmmm
Hmmmmm's picture

In similar news, I'm proud to report that I got a blowjob from Christy Turlington last night...

 

Me too!

 

 

Fri, 12/19/2014 - 00:09 | 5571391 gonetogalt
gonetogalt's picture

In similar news, I'm proud to report that I got a blowjob from Christy Turlington last night...

 

What, you too???

Thu, 12/18/2014 - 14:30 | 5569158 jaap
jaap's picture

To the Chiners?

Thu, 12/18/2014 - 14:33 | 5569187 Jumbotron
Jumbotron's picture

Gold for Yuan

Yuan - Ruble convertability

China bails out the "might" <cough, cough> Russia !   LOL !!

So much for Putin being a bad ass.  Get back on the pony in the mountains and take your shirt off Putin.  The natives are restless for more propaganda.

Thu, 12/18/2014 - 15:12 | 5569404 TheFourthStooge-ing
TheFourthStooge-ing's picture

Again, another totally blank statement founded on nothing.

Thu, 12/18/2014 - 23:07 | 5571243 nuke ISIS now
nuke ISIS now's picture

Hey fourth douche bag

You dipshit cocksucker, where's the statements now about how absurd an idea that Russia would be selling gold?

Oh yea that was yesterday's propaganda

Fuck you and obey your master, the USA

Vlad is raping your cunt tree

Thu, 12/18/2014 - 15:30 | 5569496 Silky Johnson
Silky Johnson's picture

I think your yarmulke is on a little tight today.

Thu, 12/18/2014 - 14:25 | 5569138 fightthepower
fightthepower's picture

Buy high, sell low?

Thu, 12/18/2014 - 14:26 | 5569145 Tin Hat Salesman
Tin Hat Salesman's picture

socgen has more exposure to russia than any other large bank so they need russia to have a stronger currency therefore this rumor circulates. it's not really about the price of gold, but mroe about the rouble

Thu, 12/18/2014 - 18:09 | 5570284 Fun Facts
Fun Facts's picture

GOFO has also resumed it's descent after a brief respite following the rally.

Someone is running out of gold again. Maybe SocGen?

*Market Fixing data reproduced by kind permission of the London Gold Market Fixing Ltd .

http://www.lbma.org.uk/pricing-and-statistics

Thu, 12/18/2014 - 15:11 | 5569400 Babaloo
Babaloo's picture

just like he knew how Merkel was gonna react?  Like he knew what impact the sanctions would have?  Like he knew what oil prices were gonna do?  Like he knew the rubel was gonna collapse?

Putin knows about as much as you do - which is precisely nothing.  You and your upvoting cohorts are delusional...

Thu, 12/18/2014 - 16:06 | 5569688 Abitdodgie
Abitdodgie's picture

If anyone on ZH really thinks that Russia is in such bad shape financially as to have to sell it's gold  then you have to be taking crazy pills  , the Ruble has been hammered by traders not by bad manufacturing . If Russia wanted to take down the western financial market it could do it in the blink of an eye , all of what you are seeing is in the playbook between BOTH superpowers this is all been done to bring the American people to there knees .Look what Obama has done to the nuke stockpile the minutemen , the Generals , the army and giving Islands off the coast of Alaska to Russia for long range bomber refuiling and the list goes on we are the ones who are getting set up and we are not going to stop them untill it is to late .When American troops withdraw from Europe that will be your last chance to get out of America if you stay you will find out what a meat grinder feels like

Thu, 12/18/2014 - 17:30 | 5570099 Augustus
Augustus's picture

What products does Russia manufacture from cabbages and turnips?

Thu, 12/18/2014 - 18:37 | 5570393 Thorny Xi
Thorny Xi's picture

Your anti-virus software.

Thu, 12/18/2014 - 20:11 | 5570721 Tall Tom
Tall Tom's picture

Outside of specified range. See following post...

Fri, 12/19/2014 - 02:14 | 5571546 Theta_Burn
Theta_Burn's picture

Thanks for reminding me..

My Kaspersky needs renewing..

Thu, 12/18/2014 - 20:50 | 5570711 Tall Tom
Tall Tom's picture

Gold, Platinum, Palladium, Rare Earth Metals, ICBMs, Rocket Engines, Tanks, Spacecraft, Fighter Jets, THERMONUCLEAR WARHEADS, Nuclear Submarines, Radioactive Bomb Material, and...oh yeah...Natural Gas and Oil,

 

Good luck living without Platinum and Palladium. As industrial catalytic metals they are a necessity. And only two countries mine these in any measurable quantity. Russia and South Africa...BRICS Nations.

Thu, 12/18/2014 - 20:40 | 5570821 f16hoser
f16hoser's picture

I've been wondering the same thing.

Thu, 12/18/2014 - 21:03 | 5570900 Tall Tom
Tall Tom's picture

The United States is totally reliant on Russia for Human access to the Low Earth Orbit International Spacestation.

 

The Atlas V is powered by Russian built RD 80s.

 

Even the new Heavy Lift Rocket will be reliant on Russian Engines.

 

Good luck building American Fighter Jets without the Rare Earth Metals necessary for the electronics and the catalysts. We, the United States is absolutely dependent on Russia for PHYSICAL SUPPLY.

 

Now you can be a stupid little troll and deny that dependency or you can attempt to demonstrate that I am somehow mistaken and that we can do without. But when I write a list of the things which Russia does produce and you ignore the FACTS and write bullshit then it is TROLLING.

 

The sad part is that it will not change any facts.

 

Now if you believe me to be "Pro Russia" or "Pro Putin", well, man, have you have got that wrong.

 

I am ANTIWAR. And America's warmongering must come to an end.

 

So go and fuck yourself.

Thu, 12/18/2014 - 23:35 | 5571303 nuke ISIS now
nuke ISIS now's picture

Tommy..fuckhead

Fuck Russia, the US is not dependent on that shit hole wasteland of nuclear mishaps

Did russia build US space program, did Russia help US get to the moon on the Saturn 5

US will do fine, but due to Vlad the bear is now in solitary confinment, and the one person that has the ability to change that prefers instead to inflict at least 2 years of suffering upon its citizens

The only stupidity and trollish view is to deny the above

Right Tommy douche bag?

Fri, 12/19/2014 - 02:05 | 5571539 NuckingFuts
NuckingFuts's picture

Yep, just "one person". This is a ridiculous statement. Is there anyone who has been on ZH longer then 6 months who believes that there Is one person who makes these decisions. The number of true decision makers is much smaller then most folks believe, but if you believe any of these are the politicians elected by the masses, then I believe you are mistaken.

Fri, 12/19/2014 - 02:02 | 5571540 NuckingFuts
NuckingFuts's picture

Dup

Thu, 12/18/2014 - 23:26 | 5571269 nuke ISIS now
nuke ISIS now's picture

Abitdodgie. It's those facts, yes those pesky facts that expose that you are a lying Fucktard propagandist

Fuck you .....and now suffer the damage that has been inflicted on Russia and it's citizens while Vlad placates and only takes care of his elite friends, while the proloteriat. suffers

Truly makes you an evil lying cocksucker-butt fucker, and/or just a plain old vanilla fucking ass hole

Thu, 12/18/2014 - 14:20 | 5569098 LasVegasDave
LasVegasDave's picture

He can sell paper gold, just like the PPT.

 

Whats the problem?

Thu, 12/18/2014 - 14:33 | 5569196 Ahoy Polloi
Ahoy Polloi's picture

He's just trying to avoid becoming Sheldon Adelson's pool boy. Because that would be a shit life 4 sure!

Thu, 12/18/2014 - 14:32 | 5569110 noben
noben's picture

SocGen shorting Gold = Beep, beep, beep. I'm doing my part. :-)

Redshield puppets!

Thu, 12/18/2014 - 15:10 | 5569389 silvermail
silvermail's picture

Deliberately False Story on Russia Gold Sales, or Just Sloppy Reporting?
http://winteractionables.com/?p=17161

Thu, 12/18/2014 - 15:15 | 5569420 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Deliberately False Story on Russia Gold Sales, or Just Sloppy Reporting?

Ummmm..... yes?

Thu, 12/18/2014 - 15:24 | 5569455 Renfield
Renfield's picture

Concur with your YES. This article is just sad. I'd rather see another celebutard story.

Dear Tylers, why the need for bankster propaganda on these pages? Slow day for real news? Seriously, I can go ahead and turn on CNBC or read Bloomberg if I want evidence-lite MSM crap. Do another caption contest or a 'most sexy' vote for banksters or something, if you must.

Please do not assume your readers are complete idiots. We already have several channels out there where the muppets roam free.

If you're going to feature propaganda, at least don't make it 1) obvious speculation ("may be"?) 2) evidence-free and 3) flying in the face of all logic and reason.

Thank you -

a very long-term reader

Thu, 12/18/2014 - 21:16 | 5570915 fleur de lis
fleur de lis's picture

I'm astounded at the level of bullheaded determination from DC to control Russia at any cost. They are willing to let our socio-economic structure collapse if it takes down Russia. If they spent this much energy stateside half our problems would be solved but they are bent on subjecting us to a Pyhrric victory.   

 

Thu, 12/18/2014 - 21:40 | 5571009 Baldrick
Baldrick's picture

Russia is a gas station pretending to be a country - Mccain, and the dod NEEDS a new gas station - Baldrick

Thu, 12/18/2014 - 14:15 | 5569041 GetZeeGold
GetZeeGold's picture

 

 

"It appears possible"

 

Maybe we'll get enough gold to be able to give it back to Germany.

 

Then again....why would we want to do that? Hell......let's just keep it! Then we could open up Fort Knox to tourists again.

Thu, 12/18/2014 - 14:22 | 5569112 Winston Churchill
Winston Churchill's picture

It appears possible that I'm really Santa Claus too.

If the Russian central bank has been selling gold, their life expectancy just dropped to zero.

Thu, 12/18/2014 - 14:26 | 5569141 angel_of_joy
angel_of_joy's picture

SocGen just got the"news" from Bloomberg... a day later.

Thu, 12/18/2014 - 14:28 | 5569159 Freddie
Freddie's picture

Putin should take some of his Treasury bonds to the CRIMEX to buy some physical gold.  I think the CRIMEX will deliver gold if you have cahs in your hand.

Thu, 12/18/2014 - 15:19 | 5569446 NoDecaf
NoDecaf's picture

Crimex lol , I like it :)

Thu, 12/18/2014 - 15:19 | 5569439 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

It appears possible that I'm really Santa Claus too.

Unnamed government official who was not authorized to speak to the press reveals that Winston Churchill is Santa Claus, confirms the Weekly World New York Times.

Thu, 12/18/2014 - 14:50 | 5569284 firstdivision
firstdivision's picture

Simplest answer for Putin would be to announce all oil contracts will have to be repaid in physical gold at the spot price on delivery.  SWHTF and WWIII would soon follow, but it would be hilarious until the ICBM's launch.

Thu, 12/18/2014 - 14:59 | 5569339 Max Cynical
Max Cynical's picture

Pull my other finger.

Fri, 12/19/2014 - 01:45 | 5571525 jez
jez's picture

"it appears possible"

And I give that a 2/3 = 67 per cent weasel-words quotient.

It also appears possible that Soc Gen's report is a howling blizzard of shit.

Thu, 12/18/2014 - 14:11 | 5569033 drendebe10
drendebe10's picture

...and the moon is made of green cheese and the fudgepacker in chief is not a liar...

Thu, 12/18/2014 - 14:55 | 5569309 Ahoy Polloi
Ahoy Polloi's picture

actually, it's HOLLOW... The 'green cheese' is only on the outside...

 

I'm just trying to keep the 'TRUTHINESS' aspect of this thread alive.

 

Carry on as you were.

Thu, 12/18/2014 - 14:15 | 5569062 Arius
Arius's picture

whatever ... i dont believe but really does it matter?

 

these guys got tens of thousands of tons already stored in mountains up Switzerland, they will control the world anyhow, does it matter the few hunderds Russia have?

 

they stold whatever the Tsars had longtime ago anyhow

Thu, 12/18/2014 - 14:31 | 5569171 kito
kito's picture

you dont believe it? is that because youve been brainwashed to believe gold is the answer to the worlds ills? ponder a question: why hasnt russia backed their currency with gold? after all, wouldnt that stabilize the ruble? we are always hearing from tyler how much russia has been stacking( cue the putin holding gold bars pic)--clearly that you believe? well perhaps evidence is pointing to the fact that gold isnt the panacea everybody on zh thinks it is..........but alas, im sure the the zh community will come up with some conspiracy minded response to the question of why russia doesnt use their gold instead of selling it......probably the rothschilds fault...or aliens....yes definitely aliens......

Thu, 12/18/2014 - 14:37 | 5569214 fuu
fuu's picture

Better luck next time kiddo.

Thu, 12/18/2014 - 14:52 | 5569288 kito
kito's picture

no worries fuu, the compassionate caring chinese will sacrifice and bail out russia. they will save them from having to sell their gold......yes it will be a tag team against evil america. china is always a great team player.........still waiting for the gold backed ruble......still waiting......

Thu, 12/18/2014 - 14:57 | 5569314 fuu
fuu's picture

Still waiting for that rate increase too...

Thu, 12/18/2014 - 15:02 | 5569349 kito
kito's picture

stopping the incremental increase in qe could never happen.....

tapering could never happen.....

ending qe could never happen.....

rate increase could never happen......

 

Thu, 12/18/2014 - 15:08 | 5569379 Bay of Pigs
Bay of Pigs's picture

"the US is the new gold"

That was pure gold kito. LOL...

Thu, 12/18/2014 - 15:26 | 5569476 kito
kito's picture

BOP wake up man....you have been flat wrong about everything...i have been flat wrong.....and tyler has resorted to bullshit headlines and low grade links to con artists in order to subsist......i know, you will tell me all about fiat and printing and manipulation and cental banks and the cabal and aliens and blah blah blah.....RESULTS prove you wrong.....FLAT WRONG...u.s. stocks, u.s. bonds, u.s. real estate..dollars.....the world cant get enough..thats FACT..you think russians have been racing to convert their rubles to gold???hahahha..try dollars and euros BOP...and gold???? nobody gives a shit outside this website...but YOU WILL NEVER WAKE UP..you are in your own doomer blue pill world..stuck...... oh man, funny. russia selling gold!!!! nobody has answered my question WHY ISNT RUSSIA BACKING THE RUBLE WITH THEIR VAST AMOUNTS OF GOLD BARS?

Thu, 12/18/2014 - 15:51 | 5569632 Bay of Pigs
Bay of Pigs's picture

Wow, I was just having some fun with you. Relax...it wasnt personal.

Apparently you don't think much of ZH, the Tylers or myself. That's okay man. To each their own.

I do beg to differ on your view of US stocks, bonds, RE and gold though. Time will tell I guess.

 

Thu, 12/18/2014 - 16:04 | 5569679 kito
kito's picture

BOP i got no beef with you, the tylers on the other hand have absolutely sold their soul.........

Thu, 12/18/2014 - 16:59 | 5569941 Calmyourself
Calmyourself's picture

Kito, keep up they sold this website as well some time ago is my information.  The Russians back the ruble with gold all alone and they will shortly have no gold, why did Nixon stop convertibility again?  Didn't it have something to do with the surrender monkey french wanting gold for all those dollars they were holding? As I remember it also had something to do with an extraordinary privilege we enjoyed..

Just wondering

Thu, 12/18/2014 - 15:52 | 5569633 Augustus
Augustus's picture

That Chessmaster Putin is great at Buy High - Sell Low

Keep on stacking Vlad?  Gold Backed Ruble Vlad?

Only believeable by some ZH simps.

Thu, 12/18/2014 - 16:36 | 5569835 dreadnaught
dreadnaught's picture

look, you are a simpleton-you PROJECT that others are,  just look in the nearest mirror for the nearest simp-why bitch and weep? just leave ZH_and dont let the door hit you on the ass

Thu, 12/18/2014 - 17:42 | 5570166 Augustus
Augustus's picture

Why should I be bitching or weeping.

Shorted GLD at $1248 when VLAD and ZH simps were backing up the truck.

Sell GLD Vlad.  Make me some more money  I'll help his selloff by covering at 1110.

Vlad will never back ruble with gold.  Reserves would be exhausted in a few days.

Thu, 12/18/2014 - 16:26 | 5569790 dreadnaught
dreadnaught's picture

you know nothing of economics, let alone Russian intentions-if Russia goes to a gold backed currency as they plan together with China, the world will dump worthless dollars like used toilet paper. Bye Bye America

Thu, 12/18/2014 - 15:44 | 5569584 fuu
fuu's picture

Still waiting on other things:

 

  • End to ZIRP in Europe.
  • End to NIRP in the US.
  • End of banker backstop legislation.
  • End to TBTF.
  • End to inflation as subsitute for real growth.
  • Criminal prosecutions for fraud and theft.
  • Criminal prosecutions for price fixing.
  • Criminal prosecutions for bribery.

Until then it's just some failed criminal nations bickering like little bitches.

Thu, 12/18/2014 - 15:59 | 5569660 TheFourthStooge-ing
TheFourthStooge-ing's picture

...and that doesn't even take into consideration the war crimes awaiting prosecution.

Thu, 12/18/2014 - 16:33 | 5569826 fuu
fuu's picture

Fair enough.

Thu, 12/18/2014 - 17:11 | 5570000 Meat Hammer
Meat Hammer's picture

Duuude, ever since Fonz got the boot kito's been a mess.

Thu, 12/18/2014 - 15:04 | 5569362 Bay of Pigs
Bay of Pigs's picture

Actually, seeing kito show up again might be a good indicator that the bottom is in for gold now.

 

Thu, 12/18/2014 - 15:00 | 5569344 Arius
Arius's picture

hey kito, you must be missing francis sawyer ... sorry but no cigar

Thu, 12/18/2014 - 15:04 | 5569368 kito
kito's picture

"aHoy" Arius, FS is closer than you think........at least FS kept it real....

Thu, 12/18/2014 - 15:25 | 5569470 NoDecaf
NoDecaf's picture

You like the idea of giving unlimited power to money printers don't you? Just make your point short and sweet and save us the blather.

Thu, 12/18/2014 - 15:33 | 5569503 Renfield
Renfield's picture

heh, kito just likes to troll now and then. I remember kito.

He was OK, and he was sometimes funny. But I'm guessing his feelings might have run a little high when some of his friends were treated badly here. He's no longer a regular.

Now he likes to drop in and stir the shit now and then on the anti-gold articles.

I like to think of kito as the anti-gold article police. His trolling is a nice disincentive to the Hedge from publishing obvious anti-gold propaganda like this.

(Hey, this article is nothing but guesswork and shit analysis, and I'm betting it's more useful guessing about kito and other past members than thinking about this lead piece. Sad days.)

Thu, 12/18/2014 - 15:54 | 5569642 kito
kito's picture

how can you be a regular when this site has become nothing more than a shell of its former self and tyler now runs an internet based supermarket aisle rag? im here to wake people up. hey man i was hook line and sinker on zh....right with the program....but i see it for what it is now..... if i can save just one it will be worth it.....

Thu, 12/18/2014 - 15:59 | 5569662 Renfield
Renfield's picture

Carry on man, I have no problem with you. I wouldn't go so far as to say "shell of its former self", but the site has certainly seen better days than this one.

Thu, 12/18/2014 - 15:38 | 5569548 kito
kito's picture

oh yes the money printers!!! hyperinflation coming coming coming!!! always tomorrow!!

Thu, 12/18/2014 - 16:34 | 5569766 NoDecaf
NoDecaf's picture

Hyperinflation? Ok whatever, what about the unfairness of it all? They don't have to actually produce anything of real value and 99.9% of us do. Denominated in units of account that they create from nothing.

How can you support such a system once you peel back the curtains, so to speak, and see how it really works?

What about backing a currency with any other commodity, silver copper wheat or sea shells? anything to put the brakes on proligate spending by corrupt politicians...

I mean really, where are you coming from? You prefer to give in to get along? like giving your ass to a rapist without a struggle. "Here you go mr tax man, take 30% of my ass now and do be so kind as to give me refund later"

 

edit - ok, I just read one of your posts above. I got it. You're burned out on the message and disillusioned with the delivery (here on ZH). I do agree to a point that what the 'world wants' is houses in USA and dollars etc etc...I have no further to look than my own friends and family to see this, I attribute it to mass psychology. Conditioning.

But there is a limit to credit expansion in a world of finite resourses. It cannot go on forever.

Fri, 12/19/2014 - 00:21 | 5571411 IndyPat
IndyPat's picture

Walk your book like you talk it, ace.

Vlad will gladly sell you some treasuries. All you can buy.

Thu, 12/18/2014 - 14:42 | 5569244 disabledvet
disabledvet's picture

Did he take delivery?  My guess would be the fifty tons was based contractually and therefore contingent upon delivery.  With the collapse in the ruble that contingency no doubt failed and the gold plus the profits reverted to the previous owner.

Thu, 12/18/2014 - 14:57 | 5569319 tumblemore
tumblemore's picture

If Russia or China try to back their currencies with gold while the banking mafia still control America then it will probably go nuclear. The banking mafia's control needs to be at least weakened first.

Thu, 12/18/2014 - 15:16 | 5569418 funthea
funthea's picture

Kito, It has far less to do with how great gold is, and much more to do with how failed the fiats are. They have run their course, and you can not replace an unbacked fiat with another unbacked fiat. Simple as that. Gold is just a really good alternative to back your currency with, along with a short list of others.

As far as why Putin has not backed his currency with gold already... the answer lies in that it would not be advantageous for anyone to back their currency with gold at this time, as the dollar still pulls weight, less they would find all of their currency converted to gold and soon left with none. See history of the ending of Brentenwoods for further explanation. There will be a time for backing currency with gold, and the dollar will be far harder to kill than most believe... but its death is a mathematical certainty.

Thu, 12/18/2014 - 15:29 | 5569483 Counterpunch
Counterpunch's picture

fun - right on.

Thu, 12/18/2014 - 15:28 | 5569484 Counterpunch
Counterpunch's picture

dp

Thu, 12/18/2014 - 15:50 | 5569628 kito
kito's picture

wait, so its better to sell the gold???? for what? DOLLARS perhaps?  gold backed currency, in the eyes of the ZH rabid followers and the "austrians", brings confidence and credibility to the currency. i can see how even this basic tenent is being ripped apart....the new line is that "somewhere in the future" there is a better time to back currency with gold...not NOW...when its the obvious time to test the pro gold theory....no in the future....yes you will be right....one day...in the future...how sad.......

Thu, 12/18/2014 - 16:33 | 5569829 funthea
funthea's picture

Timing is everything. And we can't control the stupidity of the masses. They will be fleeced by their own ignorance. History is filled with the carcases of people who were broadsided by a pervasive reckoning. You would do well to hope you are not one of them.

Thu, 12/18/2014 - 14:42 | 5569241 ZH Snob
ZH Snob's picture

Soc-Gen is a lying puppet of the NWO.  Putin is simply waiting for the RUB's bottom, then he will buy it all back with USTBs. and China's support will come in the way of more USTBs with which to do this.

In baseball terminology, they are now playing hardball.  Putin is simply waiting for his pitch before knocking it out of the park. 

Thu, 12/18/2014 - 14:57 | 5569313 russwinter
russwinter's picture

total BS psyops story 

http://winteractionables.com/?p=17161

 

Thu, 12/18/2014 - 15:06 | 5569369 aleph0
aleph0's picture

"The source for the story is Vestifinance published in Russian. If you’re using Chrome, you can right click on the text and select “translate to English.” Then scroll down to the bottom of page and you’ll see, under publisher’s information, this: © RTR. Is an integral part of BBC News ."

Interesting link ... Thanks !

Thu, 12/18/2014 - 15:53 | 5569634 JLee2027
JLee2027's picture

It's a bit of a cosmic joke that at the end, when the entire farce collapses, it's possible that no government, will own a single ounce of Gold or Silver...

Thu, 12/18/2014 - 20:59 | 5570889 trulz4lulz
trulz4lulz's picture

But who will build the roads?

Thu, 12/18/2014 - 17:14 | 5569999 Bokkenrijder
Bokkenrijder's picture

So much for that Russian 'Gold standard.'

As an owner/buyer of AG and AU I'd love to see prices explode, but I've become pretty convinced that they won't. At best I'll maintain my purchasing power, but in a true deflationary crisis (bank runs, banks going bust) even that will be a challange. Still, it's better than owning nothing (i.e. paper) or be heavily indebted, so that's why I buy it. I hate to say "told you so" but neither Russia nor China will ever introduce a gold standard.

Fiat currencies have 'worked' since 1971 (at least that's what the mainstream media, the politicians and the banksters will brainwash the sheeple with), so even if/when our current system goes tits up one day, the Chinese or Russians (if they're still relevant by that time) will just reinvent a new and similar fiat system.

The toothpaste is out of the tube and fiat currency systems are just too temptatious for politicians and banksters. People are too hooked on iGadgets, a house, a car, holidays etc to give it all up and revert to a New Normal under a gold standard.

Thu, 12/18/2014 - 17:58 | 5570232 Escrava Isaura
Escrava Isaura's picture

 

 

Bokkenrijder

Another great post!

If Putin is selling gold, it means the Money-Powers are in full control.

 

By Marius, at Real Currencies:

I can see your point that Putin is not doing enough to get rid of Money power. But you have to be aware that Putin is not all powerful figure and probably as half of real power of what Stalin had or M. Gorbachev had. It is a myth created by the same money power.
If you study Russian history you would see that even at the height of soviet power Stalin did a lot to undermine the Babylon guys but never dared to challenge them openly and at the end they killed him as he was a major threat to their empire.
As you now, fiat money is backed by aircraft carriers, atomic weapons and other military power. nothing else.
If you can not match your opponent with that kind of power – you stay quite, or you will get Qaddafi destiny.
I would say that the time will tell.

 

https://realcurrencies.wordpress.com/2014/03/27/enough-of-the-putin-worship/#comment-19039

 

 

Thu, 12/18/2014 - 18:43 | 5570431 wrs1
wrs1's picture

Why not?   He is selling his oil.

Thu, 12/18/2014 - 14:08 | 5569020 Counterpunch
Counterpunch's picture

Don't confuse the Central Bank of Russia with "Russia."

 

Indeed, the former may be in league with western banksters against the latter.

Thu, 12/18/2014 - 14:19 | 5569096 Variance Doc
Variance Doc's picture

That is exacly right.  It is the high up Atlantic sympathizers who are not aligned with Putin that are the threat.  Not the "west" nor NATerroristOrg.

JFC, this site is fast becoming a joke.

Thu, 12/18/2014 - 14:29 | 5569157 Son of Captain Nemo
Son of Captain Nemo's picture

JFC, this site is fast becoming a joke.

You're right. It should have worked!  Wouldn't be facing the catastrophic building failure of the financial house of cards we built if we had done both of those right the first time!!!

Thu, 12/18/2014 - 14:25 | 5569022 noben
noben's picture
Putin on ruble: We will inevitably bounce back, central bank's direction correct

https://www.youtube.com/watch?v=gnI76OIabY0  (6+ minute clip)

If you disagree with what he says, please chime in and be specific. Otherwise your junks are not helpful (do not add value) in this case. Unless you're an Asshole who likes to shoot the 'messenger' -- hey, I just acted as a 'Reporter', fool!

Thu, 12/18/2014 - 14:14 | 5569027 Son of Captain Nemo
Son of Captain Nemo's picture

Wouldn't want to be SocGen when they have to retract that statement?

Bloomberg is like the poor guy at the end of the longest line to the bar bathroom sweating profusely with his knees pointed toward each other ready to scream  "I'm gonna pee myself"!...

That's how desperate the situation is for them!

 

Thu, 12/18/2014 - 15:51 | 5569631 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

"Wouldn't want to be SocGen when they have to retract that statement?"

 

They will retract it about as loudly as the World Gold Council retracted its Chinese Gold Demand numbers when when some outsider with no experience named "Koos" proved them utterly incompetent.  They, and the other financial institutions were so quick to credit him rather than plagerize his work too I notice.

 

I still remember gold falling n 2013 as they screamed about the collapse...  COLLAPSE in Chinese demand even as the "sore loser" goldbugs came up with cockamamie theories about how huge amounts of the stuff were being shipped to China through Swiss refineries.

 

Of course the bugs turned out to be totally right about that minor detail, but who is keeping score eh?  You're not one of those conspiracy nutters are ya?

Thu, 12/18/2014 - 18:20 | 5570322 Son of Captain Nemo
Son of Captain Nemo's picture

Yes of course "For Whom The Bell Tolls" just like GATA, the London Whale and LIBOR all got LOUDLY retracted...

Actions speaking louder than words... All those Eastern European satellites to the West just waiting to jump to the other side because they know they have bullseyes on there backs...  In addition to the insolvent USD what else does Tel Aviv and Washington have parked in their embassies and those ABM batteries?...

This time you'll know the goldbugs were right and Russia didn't hand over it's phyz like Ukraine did when the Chocolate Jew is hanging upside down without a pulse where it all began last year in Maidan Square with a parade of Ukrainians wearing St. George ribbons  and the rest of the Country starting with the Donbass region goes AWOL demanding a referendum to join Crimea because they know they've been screwed by London, Tel Aviv and Manhattan that got them that way!

Washington will attempt to stop it but it won't work.  You'll know I'm right when the next "MH-17" happens in the neighborhood and nobody again will be buyin it. Then Moldova, Latvia, Estonia, Lithuania and Hungary will be ditching their chains for that "phyz" and all the gas and oil Russia will be giving them.

When Germany is the next on the list to come off the fence with blackouts of major announcements from the government then the fun begins.

This is when you know you're a total loser!

 

Fri, 12/19/2014 - 00:28 | 5571424 gonetogalt
gonetogalt's picture

"the chocolate jew hanging upside down' ...guess my visualization...

Thu, 12/18/2014 - 14:10 | 5569030 blaireauhedge
blaireauhedge's picture

I call BS. This is the next destabilization phase after the attack on the ruble earlier this week.

Hey, whatever happened to that New York Post story about Putin having cancer a couple months ago?

Or the one about Russia negotiating to turn Crimea back to Ukraine?

Or the one about Russia exchanging Snowden against an end to sanctions?

Thu, 12/18/2014 - 14:24 | 5569124 Ness.
Ness.'s picture

Or the one about those darn stolen ATC audio tapes of the downed MH17 flight?

 

Look!?  A squirrel!!  Putin baaaad - Castro goood!!

Thu, 12/18/2014 - 14:44 | 5569248 Bastiat
Bastiat's picture

Putin has to have the goods on the MH17 flight, including recordings of the ATC communications.  I don't know why he's holding back.

Thu, 12/18/2014 - 14:59 | 5569328 NotApplicable
NotApplicable's picture

Never lead with your trump cards.

Fri, 12/19/2014 - 01:22 | 5571505 Boxed Merlot
Boxed Merlot's picture

Never lead with your trump cards...

 

Sure you do.  When you're trump tight. 

Are you saying he actually has some loser cards?

Leading trump is appropriate when we're 2 years from the end of play.  I'm very apprehensive of the US' hand at the end of this deal when all we have left to play is the Hillary / Bush 2 and 3 of clubs junk when we need to catch the final tricks.

jmo.

Thu, 12/18/2014 - 14:28 | 5569156 froze25
froze25's picture

He took vitamin b-17 and cured it.

Do NOT follow this link or you will be banned from the site!