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Gold & Silver Tumble As USDJPY Hits 120
Despite stocks ignoring the momentum ignition efforts, USDJPy just briefly broke 120 once again. That appears to have been the flash signal for 'someone' to dump vast quantities of precious metals in the futures markets... "unrigged"
USDJPY insta-smashed to 120 and backed off...
But that sparked PM selling in size...
But stocks are ignoring it for now...
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-5$ Gold is a tumble ?
BRICS are selling gold and turning to the yuan. The people's currency backed by manufacturing.
It's a great time to start a career in farming :)
http://naturecoastpermaculture.com/2014/12/unemployed-try-wwoofing-work/
Great find, thanks! I think we'll see a lot more of this in North America.
Im GETTING A Stronger FEELING...
?????? IS JAPAN THE Big SHORT Rigger In The Paper GOLD Market ?????
More Evidence Appears...
Why not? It's their turn to carry on QE until at least next quarter...
The JPY-Au pair was exposed here. That said, what will JPYUSD at 140 do to the POG?
I was going to type something about how the Japanese are so fucked, but I realized that on a long enough timeline we are all Japanese.
You're very welcome. I had originally found out about WWOOFing in Mark Boyle's book "Moneyless Man".
Per the article "It’s important to be in relatively good physical shape"
That leaves out 60-70% of Americans.
What a crock of Total Left Wing Greenie Utopia Bullshit. Go WWOFING....lmao. I've got 1,200 acres in row crop production....Can't wait to get my WOOFING operation started. I'll bet the WWOFERS will be lined up three wide for a mile to apply for the positions....Why WWOOF when you can sit back and let Uncle Obama send you a check every month for housing, food and healthcare.
Have you had a chance to read Gaia's Garden? It's a great book.
Seems like SOMEBODY is still interested in gold.....
http://rt.com/business/216687-gold-missing-ukraine-bank/
I wonder if they'll ever bother to drill test whatever is supposedly in Ft. Knox...... but then Tungsten coated with gold provides a more convincing replacement
I had to uprate you just for being an independent thinker instead of the usual ZH echo chamber...
If the criminal banksters could rig LIBOR, what makes anyone think that gold markets couldn't be rigged?
what website is there to replace this one. the sensationalism, marketing etc have driven all the good conversation away. where can i read and comment on better material?
If you want some meaty reading today, Vineyard of the Saker has a huge essay on the Russian-Chinese "Double Helix", with a look back at the key events of 2014.
I encourage you to read the (long) paper in its entirety. It is good for the mind, good for the soul, and great for understanding the 'big picture' of the ongoing shift in power, away from the corrupt Hegemon to the 21st-century Double Helix.
http://vineyardsaker.blogspot.ca/2014/12/vineyard-of-saker-white-paper-c...
(PS: I'm just looking for posts & comments to pimp this informative paper so thanx for the chance here.)
I've had to disable flash just to tolerate ZH anymore.
i am running an old OS on a Apple and the flash adds stop me from coming here to often , I to am looking for another site.
Firefox with AdBlocking - no ads.
DavidC
Forking sweet, nice one.
"where can i read and comment on better material?"
How about trying CNBC or Yahoo for a start?
Here, I believe that this is right up your alley-
http://www.federalreserve.gov/
The anti-ZH comments are getting a thumbs down. Means you're on the right track. If you want your ego stroked say you are married to gold and shall never part, that Hades himself created the banking world, and that all would be well if we could just peacefully grow corn in our backyard. Physical gold has its place - you just hope like hell you have the opportunity to pass it along to your grandchildren. You don't want to see a world where gold is $5000 - as the saying goes, "Be careful what you wish for, you just might get it."
nakedcapitalism.com
On ZH TUMBLE AND PLUNGE are the watch word,,they need to change it up!!!At this rate these words will have no meaning as the word GAY has been hijacked....As you say aleph0 -5$ is hardly a T or a P!!!!
Housing market crashes, DJ up 100....
....right. That makes sense because since the Fed has the QE thingy with the MBS purchases going....
Right? They're still doing that, right?
We have to believe in FED magic, otherwise the real world sucks....
wop wop wah
always wondered how that looney tune sound effect was spelled...
Don't let me hear you say gold's
taking you nowhere,
angel
Run for the shadows, run for the shadows
Run for the shadows in these golden years
I'll stick with you baby for a thousand years
Nothing's gonna touch you in these golden years, gold
Golden years, gold whop whop whop [/Bowie]
David Sanborn on Sax !!!
All that's missing is Earl Klugh on guitar.
Sounds like Monday to me. As a stacker, I can remember long ago when it used to annoy me. Not anymore, as I can see the day is coming when all of the manipulation will be over! It's right around the corner, and it will be glorious!
Paper gold is designed to be manipulated because paper money would be butt wipe otherwise....
as we all now, there is only one purpose behind this kind of phony ass move -
http://www.kitco.com/charts/livesilver.html
that is to drive the price down...aint nobody selling no mother fucking real Gold or Silver...
DEATH TO THE MONEYCHANGERS.
Just fly on in to Moscow in your G-5 and buy the place.
"You ain't got it if you ain't flaunting it" bitchez.
Predictable - short week, light volume - RAMP UP THE MANIPULATION!!!
Same old playbook.
Just checked the safe, and my PMs are neatly stacked. They haven't tumbled anywhere.
I'm not getting my shovel out to check.
In the safe Doc ?
That my designated decoy.
$1k in cash and paperwork, with hard work trying to get in it..
I'm pretty sure mine are still resting at the bottom of the lake where I had that boating accident...
https://www.youtube.com/watch?v=cP67qaf1EFo
Shiny....
I can't imagine how surprised the gov goon platoon will be when the chaos plug gets pulled on the debt based fiat currency wealth illusion. How did these citizens know debt based currencies go to zero. Why did they stack constitutional money; store food and water; guns and ammo? The better to push you freakin rat bastards into the pit you dug for us! Some many folks are going to get buried and it won't be those prepared. We'll have nothing better to do than hunt down the thugs, who deserve no less than what has wickedly been planned to enslave we the people rank'n file citizenry.
Yep, $5 down - gold is cratering, people are throwing it out the window, when walking the dog I have to kick the stuff outta the way....
What is your locale? I will gladly sweep the streets and stand under some windows donning a hard hat.
Silver always tied to oil prices. I dr00l waiting for $5.00/oz silver when oil hits $25/barrel.
Yup, load up. Until then, watch.
Damn! Looks like I'll have to double down again.
That's a 90 degree angle there people. Bwa!
Christmas sale on PM's!!! Let me go rent a truck to back up to the LCS.
Just a few more days for GS to push it <$1100.
I see the miners are admirably resolute in their refusal to accept this breakdown as real - GDX is only down 4%! All those buyers end of last week don't want to admit they fucked up (yet).
Just think of the savings the miners are seeing on fuel costs for the bulldozers, excavators, dump trucks, and rigs. They're probably saving thousands of FRNs per day. I wonder how much that lowers their cost-per-ounce.
Eventually...
Sale on dynomite too!
$VIX -4.24% = party on garth
Well what were you expecting from the "Zio-Yule Lads" at Goldman and JP Suck(s) before the holidays?...
Can't wait for the gifts they will be serving up come New Year's!!
God I hope Blankfein and Dimon have the bravado to be strutting around in public when they start the next World War or collapse all the market(s) -whichever comes first!!!
how can silver get that low when production costs are much higher than that?
Producers must know production costs will be lower in the future.
Corn now $ 3.43/bu. Production costs $ 4.85/bu. Do you think the Fed, Dimon or Blankfein care about COP on any commodity?
As long as it can be purchased ON PAPER. without having to possess the actual thing....price and COP is irrelevant.
I am still young. I can wait. Bring it on, Mr. Central Wanker.
"Merry Christmas!" -- the Banksters
Don't make it too difficult: Jan option expiration tomorrow affecting performance.
Exactly. My fat finger hit call by accident. Argh...
I called the weakness in gold http://investfts.blogspot.co.uk/2014/12/gold-update-for-week.html
Wow, you guessed it would be manipulated downward? That's impressive.
This site has become the conspiracy-theorist ZHeeple people. Come on guys. It's the economy stupid! Commodities peaked in 2011. First it was gold, recently oil, nat gas collapses as I write. Next shoe to drop will be copper. The global economy sucks and we are in deflation. ZHeesh! Did the banksters cause it? Probably. But you better get with the trend regardless of the cause, if you want to survive.
Of course it is.
And whose is sitting there with trillions in reserves waiting to scoop up everything for
pennies on the dollar.
They did learn how to position themselves from the 1930's.
why do you like to read conspiracy theories?
And if you do not like, then you r a maso.
Oh yeah, this is pure supply and demand, especially when the world's production of gold is traded every day on global exchanges.
You truly don't believe the shit you're spewing, do you...?
The only traders moving the numbers are the big firms, and most of the regular human traders have left the building.
It gets interesting when the remaining muppets have been flushed from the system and the so called %1 will have no one else to consume but each other.
By then, the trades will be in political capital ( Presidents, Prime ministers, senators, congressmen..), as there will be little value in anything left.
At that point, they can confiscate everything of value from everyone and anything left. That's the true endgame and what the world is progressing to.
Think its bad now?
"Where's the Kaboom!!!??? There was supposed to be an Earth-shattering Kaboom!!!???..."
Im missing my P38 Space Modulator.
OK great so there's a loss in faith in paper PMs. Does ANYONE beleieve there is a loss in faith in physical?
COMEX paper to zero. People will have to find their price signals somewhere else.
theyre gunning for the end of year. They'd love it to finish lower for 2014.
Depending on which butt-wipe currency you're looking at.
That splains gold, but silver is already 4 bucks below it's 'price' on Jan 1st of '14.
4 bucks.
sick.
you people waiting for the "manipultion to end" are going to be waiting a very very long time. It aint gonna happen.
The Ruble is in crisis mode there is hyperinflation is some countries and gold can't find a bid?? It should be $200 higher. Looks like the path of least resistance in down for a while...
All breaking financial news, any change in USD/JPY, any riot or rumor of war, any public financial referendum will produce a drop in gold prices. There must be millions of paper gold investors watching intently for anything (at all) to happen so they can sell their 'gold'. They sell it all the time, every day and never seem to run low on the stuff. Amazing, isn't it?
No, the manipulators do this every day while assigning motives to cover their scam. They can do what they want here, but the rest of the world isn't fooled. They are buying.
Conax
let me finish that last sentence...they are buying physical gold.
Buying paper gold supports the fiat system, buying physical gold causes stress in the system as the fractional reserve gold system cannot survive a 'run' on the physical gold bank.
My advice is get some of the real...
Sell the paper short...
That way you'll have physical for when the currencies crash and will be protected as the price of 'gold' falls as the banks print paper gold like crazy as things come to an end.
I'm a po' boy that holds silver coins, or at least I did til that avalanche took the cabin..
The dollar needs to pull back for a while. But it will make another huge run in early 2015...
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
As for gold...
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
Say, silver maples make excellent Christmas presents. They are "God's Money" after all.
At these prices--
Merry Christmas!
As of right now the AU price is down by about $20. If it doesn't recover to around $1200 in a big spike in a couple of days then expect similar smack downs until year end. Buy your phys then. Buying right now is just fine too.
Physical printing of a $100 cost about 16cents. Profit margin is 99.84%. Digital dollars cost 0 so margin is 100%. All physical currency will be recalled. Cost is just too high.
Someday, precious metals' prices are going to stop acting like a starving woodpecker's head - it's Up...It's Down....
It's the first day of the CME PM circuit breakers, you didn't expect PM prices to go anywhere but DOWN did you?
The end of the year draws closer and they want to be able make statements about what's hot and what's not.
It all falls into the grand plan to draw everyone into stocks (harms way) and out of PMs for when the next crash and purge occurs.
Ignore the hype, buy the lows and hold you ground.
PMs set to waterfall... again. Single digit silver and triple digit gold by New Year. Think April 2013.
shiny lead = dead money
PM fanatics: keep buying with all the fiat you can get, maybe the price in fiat will go up !