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It's that time again...
Silver surges, crude crushed...
And gold of course...
Charts: Bloomberg
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I am SHOCKED !
Hurry, someone notify the CFTC, but WAIT, there is still physical PM's for sale.
Yeah, up 5 cents! It's soaring!
where is the NY FED ?
where is the FIAT_matrix protection team ?
Perhaps 50 M oz (i.e. 1% to 2%) of the 3 B to 5 B oz silver open interest in London is standing for delivery.
http://www.safehaven.com/article/36534/lbma-data-points-to-gold-and-silver-default
Silver surges, crude crushed...
Serving icewater in hell today boys.
Well F me with a gold plated silver oblong object
Wake me when the Comex folds.
Yeah but then you can't buy silver, used as money for thousands of years until the Fed/BoE took it off the standard and issued fiat backed currency, at $15 an oz. I mean I can buy 22oz of beer that is moar expensive! Jeesh.
I think I lost moar real Ag in the boat wreck than the Comex has control of.
You forgot a 0. And yes 3% straight up is soaring.
3% on 16 bucks and change is, well, you know somewhere between sweet fuck all and piddly squat. Stop me if I'm getting too technical in my analysis.
Not if you own tonnes of it and got in at $9.
Let's do a basic return on investment math to see if you've got value on your trades. You got in at 9, ground beef was 79 cents a pound, a loaf of bread was 99 cent, a gallon of gas was 3-4 bucks? Now today what price is silver and gold today respectively to the costs of daily goods and services?
Sweet fuck all.
It's not worth anything, it's just as much a part of the market manipulation as anything else is. Unlike the market manipulation where there is a ceiling with the 9 to 1 ratio banks can use to fuck around with loaned QE. Silver nor Gold suffer from the same problem. There are no laws to state that 1 ounce of either can't be leveraged in a 1000000 to 1 ratio. While to the 'honest' investor they say "that's great, it means if it breaks the price will go sky high".
But the reality is the hebs have all the banks, every commodity market and they fix the price. No one here will ever...ever...ever get what the commodity should have been worth because they artificially dampened the market with the re-leverage on PM's they don't have. They break the fungibility of both the currency and the market action of the trade. Even made it against the law to question how much they've got, nor will they ever be subjected to an audit. That's a fact. By the time they've managed to get the DOW to 36000 gold and silver might as well be nickles.
I know it sounds like somehow the insanity of these people will stop, but they can't help themselves. They don't know how to stop, inbred beyond recognition, biologically and socially programmed to be this crazy. This has to run it's course until the world spits their names and murders them in their beds. It's just the way things get done on earth, and the way it always gets done. Usually with a dark moonless night, flaming torches, the whinny of horses, the sound broken windows and screams of people being herded into camps to obtain ultra hip tattoo's and admire the latest in progressive lampshade manufacturing.
Ground beef has frickin skyrocketed! Can't say I'm surprised. I remember 12-18 months back there were some ranchers posting comments on ZH, how herds were being liquidated due to (shocking!) raising feed prices, which resulted in a temporary glut, and steady price increases ever since!
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If this keeps up we all might be able to put a down payment on that special pack of gum and some shoe laces on a layaway plan.
With these math skills, I suspect you work at the NYFRB
Release the CB monkey hammer !!!!!!!!
Not everything's a friggin' conspiracy....
"Everything" consists of a lot...
so HFT trades fundementals?
But there is a lot of spinning going on, by all parties. Deception is in their nature. Its more of a character trait then a formal contract. Dogs dont need a consiracy to bark at other dogs its just what they do.
since all markets are broken, this is the new normal.
It's 9am...do you know where your gold fix is?
from tech point of view let see triangle on rsi weekly
This is beyond absurd. And not a word on any media. Well, at least this time it is in the correct direction. We have been here so many times it is hard to become positive. But at some point.......
You don't need to overstate the negative unless you feel you need to counter balance MSNBC.
For example, crude - hardly "crushed" in the move you show above. The chart is doctored to emphasize your overly done negativism. Down less then 1% in recent markets is hardly being "crushed".
up and down, all around, means nothing
Pump and dump. Dump and pump.
Once again, on three! Oligarchy/Plutocracy 2016! 2+2=5. War is Peace.
"FREE" means rig it anyway you want!
FED policies have created a random number generator casino we still euphemistically call markets.
Very good analogy. Nothing "random" about RNG'S and nothing random about the "markets".
At least RNG'S know enough to favor first time gamblers to keep them hooked.
Groundhog day
SMACKDOWN TIME!!! Yes, in caps.
You're doing it wrong.
Monday
'Market' = 'something to manipulate the appearance of'
McDonald’s unveils plan to fix company, change perception of its gross food ingredients – VIDEO
3rd options expiry was Friday. With that over we'll head to the upper end of the current "agreed" range. 1240ish.
They need to change their game a little. This is getting too easy to see.
It's just J.P. baiting some sheep.
A difference of 0.4 is not WILD. This is only noise.
Zerohedge is getting worse by every day passing.
Still here I see.
Good lawd, KWN will be sure to have at least four headlines on the move in metals today.
"RECENT MOVES IN METALS SUGGEST THE WORLD IS ___________!!!!"
"KWN EXCLUSIVE INTERVIEW WITH _______, PREPARE FOR THE WORST UNLESS YOU OWN______!!!"
"METALS INSIDER AT THE LMBA SUGGESTS THAT SINCE THE COWS ARE LAYING DOWN TODAY SURELY THIS MEANS_________!!!!!"
More paper games... BUT: Physical gold is NOT a commodity. Tyler, Tyler...
All this means is the 11:30 smackdown will have to be twice as big as usual.
It's all just a normal market functioning normally.
You kind of saw this coming after the big runup in crude last week for no apparent reason, and the big smack down of PMs for no apparent reason.
The market is sort of like a Girls Gone Wild video - with things bouncing up and down all over the place.
What people don't realize is that there is way too much silver and gold in the world and whether that silver and gold is held in inventory in a bank vault, Fort Knox, an industrial inventory or a private inventory. IT IS STILL IN INVENTORY AND IS NOT BEING USED FOR ANYTHING except possibly as financial collateral.
Inventory is inventory and the economics of holding nonproductive excess inventory are pretty clear.
There is way too much fiat currency is the point. There isn't very much gold/silver relative to economic activity, so when it backs trade transactions again it will be valued MUCH higher.
The printing press's print to pay for the mining expenses.
The South was right!
Turn the machines back on!!
:)
"It's a fake ...." "No ... It's real"
https://www.youtube.com/watch?v=6lHgbbM9pu4