This page has been archived and commenting is disabled.
Gold Hits $1270 - 4 Month Highs
Gold and the USD are the most correlated since July 2010. Despite the surging USDollar - which any mainstream media pundit will tell you should crush the hopes and dreams of the barbarous relic - gold prices are surging since the start of 2015. The latest $50 jerk higher came after the SNB decision asthe safety of non-fiat currencies was sought aggressively. At $1270, gold is at its highest since Sept 2014.
The SNB decision smashed the precious metal $50 higher...
Pushing gold to 4 month highs...
Gold and the USD are once again 'highly' correlated in the short-term - something that has occurred at various times in recent years around major risk events...
»
- 11823 reads
- Printer-friendly version
- Send to friend
- advertisements -
Barbarians!!!
yeah yeah yeah......it'll get close to 1300 and then get ass fucked by the paper pushing motherfuckers
same as it ever was
I feel my ass being lubed....or it could just be a draft....
and i just figured out the phrase, pepper your angus.
funny shit there. us old guys gotta stay with the new lingo.
Its just a draft. Lube costs money...
Considering how many other things are crashing, the real purchasing power of gold has jumped much more than even the manipulated paper price is showing.
Reuters is desperately trying to carry the CB's water to play down gold. I wonder if they are really nervous this time about gold's counter move to the rest of the commodity complex.
I remember when it took a whole year for gold to break through $300 decisively and silver moved a nickel for the entire year ($4.60 to $4.65).
No joke. Check it out. (2002)
http://www.kitco.com/londonfix/gold.londonfix02.html
I was right there in the thick of it - 100% all in. It was a nail biter but the fundementals said gold was way underpriced (just like it is now).
See that 2% inflation? QE works!
Man, I'd love to stack up on silver at $4.60...
That shiny, shiny tradition . . .
Get your 10,000USD gold coins now. Before it's too late !
I want one from the Franklin Mint, with a picture of Elvis, a collectible.
These are nice as well...
Just wait unil China unpegs their currency. That's when shit gets intersting.
And the following week they will announce they have stockpiled 20000 tonnes of gold.
... reminds me of the 'other' golden rule ...
... he who holds the gold, rules ...
Then I rule that all redheaded women in my demesne are to bring me caramel and scotch today.
For the record no one brought me anything. I checked and the gold was still where I lost it. I am starting to think this rule thing is bullshit.
I'm sure its gonna drop as soon as the ECB starts QE, then Im buying with both hands.
Might take a punt on RDSA.L too.
Yeah, remember when Abe started that Abenomics shit? In a week or so, gold and silver dropped by 1/3rd! Nothing makes any sense!
wait a second here.....i thought that when helo-ben dropoped money gold went up? WTF is going on here?
Should prove to be a very interesting Friday across multiple markets, not just PM's. With US markets closed on Momday, do you really want to be long anything other than PM's heading into a 3 day weekend ?
Only Kevin will be buying at the close today.... Fucking bastard.....
Alan Greenspan should start writing a gold newsletter.
He already did...
http://www.constitution.org/mon/greenspan_gold.htm
The gold bracelet around my wrist is looking shinier today, as I type.
Gold builds Nations, Silver is a Gentlemen's Currency.
It would probably be north of $1500 and rising if they hadn't stepped in to stop it.
Price is taking off again boys and girls (that's polite for Bitchez).
Dump you gold while the dumpin is good. Don't miss your chance to BTFD. QE4's coming bitchez.
So my struggling shade mechanic neighbor was divulging to me yesterday that he had to pawn his gold chain in desperation to get one of his other buddies to reprogram an ecu of a car he was working on this week.
Now I know it may just be my neighbor but I think this is a telling indicator of two things, people are getting desperate in this economy and even though people have always used their personal gold as backup collateral, we may just start to see an increasing street level use of gold and silver in exchange.
STACK EM' DEEP N' BUY EM' CHEAP!!
Not counting the banks and the US government I wonder how much phyical gold is in the US compared to other countries?
I'm writting to the governor of Texas that it might be a good idea to prepare to strike it's own gold coins. I propose one side will be the back end of a Longhorn bull and the other the front. For silver coins a Longhorn steer. For copper coins a mule.
Yawn, same levels as september 2010.
The simple solution was to create a mesh with holes smaller than the typical wavelength of human body radiation (about 9 micrometers or 9000 nanometers) and yet still porous enough to allow sub-nanometer-sized water molecules to pass through.
By dipping a cloth in a solution of silver nanowires, the team created a metallic mesh layer with a spacing of about 300 nanometers and a thickness small enough to keep base fabric flexible. Experimentally this fabric provides 21 percent more thermal insulation than normal cloth.
A metallic fabric has the added bonus of being able to heat up like an electric blanket when a voltage is applied. Cui and his colleagues found that less than a volt was required in order to heat the nanowire fabric up to 100 degrees Fahrenheit (skin temperature is typically about 91 degrees). Energy Savings With the combination of passive insulation and active heating, the researchers estimate that about 350 W per person could be saved by wearing clothes made out of their nanowire fabric, instead of heating an entire room on a cold winter day. Assuming winter lasts for four months, this is an energy savings of 1000 kWh per year per person! According to the World Energy Council, the average residential energy usage per person in the United States is about 4500 kWh, so about a quarter of the usage could be cut by wearing nanowire clothes. "If one wanted to offset this power consumption via solar cells, then a 2-m2-size solar panel would be required per person," said Cui and his colleagues in their paper. Recent studies have shown that 47 percent of energy worldwide is used on indoor heating and that this heating contributes up to 33.5 percent on greenhouse gas emission (see references within Cui's paper).Cui and his colleagues believe that their nanowire cloth can change the way in which we keep warm, making the switch from heating an entire room to targeted heating and insulation via nanotechnology clothes. In doing so, they hope to "lessen our dependence on fossil fuel" and "provide an important part of the solution for global energy and climate issue".
that's fucking cool.
Was thinking about this the other day for some reason. What if instead of a gold ring to propose to your WOMAN with you gave her a gold coin. Would she be happy or upset at some barbarous relic for and offering? This should also determine whether you should marry her or not.
But it also made me think that if men give women a diamond ring for their hand in marriage aren't you essentially paying for the rendering of sexual services with a plethora emotional madness? Atleast in India the bride pays a dowry to the man.
WTF just happened at 10 est?
Silver spiked over 2% to $17.60.
The prostitute song. Fucking hillarious.
http://m.youtube.com/watch?v=OIWjTj1UPT4
smackdown in 3... 2... 1...
Exactly, when is the next smackdown? Got some dry powder waiting.
Gold weekly puts perspective on this move - 1280 upside
http://bullandbearmash.com/chart/spot-gold-weekly-starting-turn-long-con...
stronger USD should continue - makes gold upside less likely
thoughts on miners here? i thought GDX would be making a bigger move given a move in gold this size. Also surprised to see GDXJ lagging GDX on this move. Is the move contained due to options expiration today? makes me feel like the market thinks this move up is transitory.
It's not - they're moving together. Looks the same with more time in scale.
Then again it's my interpretation that a divergent move for 1 day doesn't count for shit because hey, that's markets, rigged or not. After all, what if the lower priced GDX for a "perfect" match... is actually the genuine price of both & the other higher GDXJ just drops later to restore this?
That's NOT what correlated means or looks like! How short term, 5 minutes??
Even at 1 month it's not correlated, certainly not for longer. Useless.
But...but...but...buy gold!
Gold is up! Buy Gold!
Gold is down! Buy Gold!
Anyone see a pattern here? Buy Gold!
Hooray for useless metals! Buy Gold!