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Gold & Silver Surge On Heavy Volume As Dollar Dives After Retail Sales Slump
Is bad news good? For now, stocks levitate in their ubiquitous run-stop opening ramp manner, bonds are leaking higher in yield but precious metals and currencies are extremely active...
The USD is lower and Gold higher post-payrolls.. (Gold broke its 100DMA at $1209.35, 200DMA is at $1222.50)
And Silver is surging on heavy volume... (Silver appears to be pushing for its 200DMA at $17.25)
leaving the S&P in the dust post-payrolls...
Charts: Bloomberg
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Now you went and jinxed it.
It's the Zerohedge Effect.
Looks like the situation in the precious metal market may be turing for the better. For some reason, the U.S. silver bullion imports surged JAN-FEB 2015:
Why Is The U.S. Importing So Much Silver Bullion??http://srsroccoreport.com/why-is-the-u-s-importing-so-much-silver-bullion/why-is-the-u-s-importing-so-much-silver-bullion/
Silver has numerous industrial applications. Especially important in electronics that are put under stress (like military hardware and cruise missles). Draw your own conclusions.
Fuck the dollar right in the pussy! I heard they are removing Andrew Jackson from the 20, they couldnt stand to have him on their filthy green toilet paper.
Yes. replaced with Harriet Tubman. Not by accident, all by design.
So in effect, the 20 is helping to free the slaves?
no, the Fed and all fiat is in fact becoming more irrelevant at an increasingly faster rate...
interesting times for sure.
If anyone is thinking about aquiering gold or silver this is the program that help you to buy dips and limit purchase as it gets a bit expensive:
http://debtcrash.report/entry/debtcrash-metal-purchase-program
Perhaps conservative business owners should refuse to accept the Tubman 20.
Or save yourself the hassle and just buy on Fridays.
Irrelevent but useful in keeping the churn going.
Must.Cause.Confusion.
get that nigger off my money!
Get HASABARAcrapper off ZH!
That's funny, not by accident. Unless we're talking counterfeits and the platemaker goofed.
"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits amongst you, and when you lost, you charged it to the bank.
You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves”
– Andrew Jackson, seventh President of the United States (1829–1837).
Following that statement, Jackson was the target of two central bankster assassination attempts.
I'll be pressing President Jacksons face into hashish coins during the downturn. Renewable trade sources, bitches.
boyz are movin' into bullion for a reason that is very simple. transition from paper to hard assets is as old as the hills are green. gl
It is also anti-microbial and anti-bacterial. Thus why silver spoons/silver rings.
Nano silver is used in coatings and paints for operating rooms.
What is wild to think is that people must have known this for some time. Why is silver the metal used to kill vampires and werewolves?
Water treatment with copper, the copper makes the microbes cell wall permeaable, the Silver enters the cell and kills it. Method: electrolysis.
Somebody has to say it.
Gold and silver, bitchez.
Your sharp wit is why I love these forums.
@LawsofPhysics: "Silver has numerous industrial applications. Especially important in electronics that are put under stress (like military hardware and cruise missles). Draw your own conclusions."
That is why there were a couple of clownish trolls on ZH over the last couple of days spouting rubbish about AG being in oversupply!!! Dear heavens, they must be totally desperate now to stop people from buying silver! LoP is correct: it is the MIC that wants perpetually 'cheap' silver but I am (not) afraid that the Univeserse is about to shaft them right up their collective fundaments. And that, ladies and gentlemen is how you do your bit to prevent wars, agression, violence on a pan-world level! Deny them silver for weapons. Oh, and I son't believe this story currently circulating that JPMC has 'accumulated' 350 million ounces of silver without anyone (especially China) either noticing or challenging. I believe it is just more disinformation.
Yes, it's true silver has numerous industrial applications. Maybe I should have written a different title. U.S. industiral silver consumption continues to decline and I would imagine fell during the first quarter of 2015. However, U.S. silver bullion imports surged 44% with no apparent increased demand based on three leading market indicators.
steve
So what's that? They're thinking of issuing a silver-backed dollar to save them?
Obama should say screw the Fed, and intoduce his own silver backed dollar.
yeah because that worked so well for JFK.
oh, wait...i see what you did there!
I see what you did there.
I doubt flying off the tracks in Philly counts for much either.
Two words..........Kyle Bass.
Thank you for your reporting SRSrocco. I have followed you here and on Turd's site. I included your piece and a recent Butler piece in trying to determine whether it is possible that JP Morgan is trying to corner the silver market. As always, due diligence, is left up to the reader. http://thecivillibertarian.blogspot.com/2015/05/is-too-big-to-fail-bank-...
Did the Golden Boyz call in sick today??!!! Where's the monkeyhammer? And why does my silver suddenly look shinier?
My silver is still at the bottom of a pond someplace. But I'll bet if I can ever get it out and shine it up, it will be great.
ZH fucking RULES!
Don't forget to donate -
http://www.zerohedge.com/donate
Never cross the beams. Eventually, logic will grip the world and Murikistan will be left holding the bag. Only then realizing it had been the vassal state all along.
I don't care about these manipulated prices. a comex/lbma-based rise is always a setup for a short scalping, but that's what those paper tigers get.
And if the price falls BTFD.
When the Stock market crashes, it will leave nothing but a pile of dust in its place. Oh, it's going to crash. Big time. Everybody here knows it.
When it does, gold and silver will be taken down with it. Period. End of story. DO NOT BUY NOW! Wait until the crash. If you buy now, you will not make as MUCH money as you would when purchasing AT THE ULTIMATE LOW!
This is simply Head fake. WAIT FOR IT.
Junk away.
(Edit: Most of us here should already have our stash at the lake bottom. That will rise when the market does. Buying HERE is risky)
Could the excuse of a falling dollar be used as an excuse to raise rates? Think about it, it gives them cover for wrecking everything when interest rates rise.
"We had to do it to protect the dollar"
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
Algos scan ZH headlines too I guess.
Algos & ZH? I would not program an algo to follow up on ZH headlines, to be frank
makes perfect sense...deflation and investing in gold. wait a second, that's not true!
It is true. Look no further than when gold bottomed in the Fall of '08 and stocks didn't bottom until Bernanke/Geithner primed the printing press in March of '09.
annnnd it's gone!
Wait for it...
Now where's that monkey hammer. I'm sure someone's gonna find it.
The monkeys are on potty break, ready to fling feces when they get back
I can almost hear the bankers and traders in their SWAT team suits shout "NOW NOW NOW!! TAKE THEM DOWN NOW!!"
time to dump 500 million used toilet paper US$'s worth of paper gold shorts during volume-less sunday night
Would it be now, the great sphincter overture for the counterfeiters?
LOL...'surge'...of a whole buck. A whole AMERICAN dollar. At this rate an ounce of gold might cover the cost of new brakes and tie rods. Maybe a decent USED riding mower. The PM trade is dead along with the dollars, pounds and euro's it trades in.
The value of gold and silver lies in that it is not a liability. I have an amount of ounces and this will not change. The weight of the metal is what matters. Fiat is dead because it has no intrinsic value due to it being made out of paper, a resource we can grow. Also the Fed is printing an insane amount of it, decreasing its value - its price - purposefully. When the Fed becomes alchemists and create gold like they do dollars I'll listen to your rant. Until then, CPL.
The best part about USD fiat at this point, is that it requires less energy to burn than physical. The real question is, do you want your pulled long pork to taste like USD or apple wood chips?
Isn't worth shit. I can make this promise. You will never, ever see the price of gold or silver ever reflect what it's supposed to be worth. The 'game' is rigged. Everyone here is so far down the totem pole that eventually you'll lose your job and you'll have to flog it for whatever they ask for it because that's obviously 'the plan' with PM's. Even a guy like Buffet is an ant in comparison to how the system has been left and jerry rigged. The value of gold and silver is 0. It's all speculation. It's all pretend. A jew relic. Try BTC if you want an economy that's actually moving capital.
You and the rest wanting PM's to be worth something, great, keep backing up that truck. I'm pretty sure someone will gladly 'lease' a piece of silver or gold that's been rehypothecated 50000 times, because that's what happens. If you look at your delivery slips from where ever you bought your silver or gold, there's a line in there about ownership of the PM since around 2009. Other than the unfortunate boating accidents where all was lost, the fact is who ever leased that PM to whoever sold you that PM still owns that pm. You are simply a more profitable storage facility. You get the honour of holding, worrying and being annoyed daily at the insignificant price action surrounding the PM's. All priced in a dollar losing value by the minute.
To add insult to injury most of the coinage stamped into PM's has a value on it. If you walked around with a 1 ounce 20 dollar silver coin or a 1 ounce 100 dollar gold coin, that's all you'll get in the transaction. Feel free to jew yourself some more by all means, it's your personal hell you are building. But I'm going to say this, if you don't want to worry about lousy unrecoverable price action, get rid of it and find something else to do with the capital. This isn't rocket science, it's just money. Comes and goes. But to make sure YOU are getting value out of YOUR capital, the capital needs a return. Not wishful thinking.
Point blank, fuck PM's. All junk, along with the fiat they are priced in.
Good points, I may consider divesting of Ag and reallocating to BTC, so as to not be subjected to the worry and hassle. How can I get in touch with that Mt. Gox outfit to get this ball rolling?
Paper gold is well contained within a comfortable range for TPTB. Wake me when they lose control and gold "surges"several hundreds of dollars in blink.
Ok Rip Van Winkle ;)
LOL...'surge'...of a whole buck. A whole AMERICAN dollar. At this rate an ounce of gold might cover the cost of new brakes and tie rods. Maybe a decent USED riding mower. The PM trade is dead along with the dollars, pounds and euro's it trades in.
LOL...'surge'...of a whole buck. A whole AMERICAN dollar. At this rate an ounce of gold might cover the cost of new brakes and tie rods. Maybe a decent USED riding mower. The PM trade is dead along with the dollars, pounds and euro's it trades in.
C'mon CPL, this move is making you stutter
Interesting, I too noticed a correlation in that respect. ZH is using psychological manipulation on the PM's....I always suspected Tyler of being two-faced....
Silver has moved above its 4 year downtrend. No point fighting it. There is nothing in the way until 18.80. And that might not stop it for long.
50 bucks right around the corner!
Get to work Mr Yellen!
Except the manipulative scum that will beat it down tomorrow morning.
HFT, CB, Wall Street & naked shorts to name a few barriers to your theory.
Hmmm ... if retail sales slump then in MBA theory things should become cheaper, including gold.
However, we now know that MBAs are only created so that a mass of people believe lies about how the economy works ... The truth being that there are no free market and the Gnomes of Zurich (or Basel) control all prices and governments.
"markets" are up in the casino so all is well...
Not anymore! All is not well. The USD was over 100 just a few short weeks ago. Now it is under 94. Don't be the last one in line for the lifeboat.
well well well ... retail sales were bad ... i mean REALLY BAD ... and ZH didn't do justice
on face april 0.0% and march revised from +0.9% to +1.1% ... bullz: not so bad
BUT major downward revisions to march AND february
total retail sales prior report SA
february ... $437.590 billion
march ... $441.363 billion
total retail sales current report SA
february ... $431.921 billion
march ... $436.776 billion
april ... $436.772 billion
cut to the chase ... if no downward revision to march, april would have been -1.0% ... if no downward revision to february, the +0.9% for march would have been revised to a NEGATIVE
PM shorties talking it hard right up the ass.
Good one Jaime Dimon you cancer infused motherfucker liar.
Its bad when you are rooting for the cancer.
He has no cancer and never did; that to is a lie.
If the consumer economy represents 70% of GDP, $440B in retail x 12 months =$ 5.28T / 0.70 = $7.5T of a supposed 16T economy? Big gap.
Yes, and the BRICS, with more than two thirds the population of earth know this.
You're talking advanced math for the majority of the sheep. Only the headlines matter, don't confuse them with actual numbers or their heads explode like dandilions off a 9 iron.
People understand that Trillion is a word, they just can't wrap their minds around how much that really is because they think $100 is a lot!
That's why I dumb down things for people. Equate the deficit to a family. That means the family earns 32K a year, spends 38K a year and has a credit card debt of 184K at a rate of 2%.
Good to be the Country.
Monkeyhammer the cartel motherfuckers
This "surge" will be replaced by a "crash", once the dollar "recovers", again, tomorrow, ad nauseam.
The CB's have been keeping a 1200 +/-20 virtual [open market operations] peg in gold for some time now.
I hate it when your right. LOL Of course what you said might be pretty obvious by now. JP will produce shorts unto infinity if that is what it takes.
Not only is Silver money, it's also the most reflective and arguably lustrous metal in existence. Don't forget to diversify.
http://www.ebay.com/itm/HANDSOME-LARGE-HEAVY-ENGLISH-ANTIQUE-1919-SOLID-...
Obviously, they've lost control when the price of gold skyrockets and it is:
PRICED IN THEIR CURRENCY and TRADED ON THEIR MARKETS.
Control? "Control" will be the last to go. And when this happens you can forget about reading the tape.
And now it is turning south again back to $1150ville. Should arrive by Friday at 6:30pm.
We are entering the " anything but fiat " world. DOW could easily hit 100,000 in a month or 2.
i should add that downward revisions to priors will make revised Q1 GDP even uglier
Damn it, I have too much Gold.
Gold Bitchez.....I pick up pennies
..."I have too much Gold"
Now there's a phrase I never thought I'd read, or hear.
The short is moments away. They have young monkeys trained to hammer. Giving away their own generations future. Expose the players, they can't hide behind a desk.
Yep, good time to short the GLD..this is a set up. Went short GLD 116...better get it now, the Gold is making the downward turn as I type.
SILVER feared by vampires, werewolves and central bank cunts universally.
Market should go up now since it reflects "good as bad and bad as good" and we have no good news, so all is good for the markets. When gold and the market both go upward, then one or the other will give. Go short on the gold and long on the market or vice verse.
Ho hum, another waste of internet space. Thanks TD.
don't let me hear you say,
gold's taking you nowhere
angel, wop wop wah
Sorry guys it was me.... I needed a bunch of those Combi Bars... you know the ones like chocolate bars that let you peel off 10 1 oz mini bars to bribe the fema Guards with ?
Combi Bars come in real cheap packaging,do not buy. Stick with the MapleLeaf 25g blister packs; nice and sturdy and sovereign.
Monkey's have dumped over 35,000 contracts in the last ~ 20 minutes trying to slam it down. Held pretty good...
20 buck move in gold and the bugs are in a frenzy. LOL
The Sun is Shining Brightly over in my neck of the woods today.
The guys saying this is just the monkey hammers taking a break are absolutely right. Should come crashing down here in a day or two...thats what im planning on anyway. Hope those June 19 KGC 2.5 puts were wise ....
Gold is in the process of retracing some of the losses of the last few years but it will only last a few months before deflationary forces drive it down again.
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...