This Has Never Happened To Gold Before

Tyler Durden's picture

For the first time since records began, hedge funds are net short gold futures, according to CFTC data...



This is what happened the last time gold saw a 'low' net long position...


Is this why Gold is spiking this afternoon?




Charts: Bloomberg

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LawsofPhysics's picture

Dumping paper gold.  Makes sense to be.

kliguy38's picture

then this is the least it smells like a bottom in my miner portfolio

CounterPartyVice's picture

CFTC data is also part of gold price policy.

Deathrips's picture

Whats the value of a contract from a known Liar?


There in lies the rub..does it go to 0?



FinalEvent's picture

Who needs gold when there is bitcoin.

Dollarmedes's picture

Who needs bitcoin if there's an EMP?

greyghost's picture

lol....thats your shortest post in two days chumbawamba. after the dust up with the hate calif. posters yesterday. well worth the read! easy to see your fustration with the nimrod, we hate everything crowd, I feel the same way. you're also correct in that the tylers seem to feed these beast and their dislike of everything. next time i will just grap a drink, pull up a chair and drink to your

ZeroPower's picture

No, gold spiked due to HUGE optione expiries at the COMEX close, 1100 level.

Manthong's picture

“Who needs bitcoin if there's an EMP?..”

Keep a cold machine or two.. clueless non-security aware F.

Pop Quiz.. how many dark blades are on racks in Bluffdale?



“who needs a barbarous relic”

  a little might make a nice hem weight and keep the ladies skirts nicely ..straightly hung.

Y'know  I really don't like getting mad at the trolls.. but Mesh will put you all out.


eat it Munger…..


VinceFostersGhost's picture





Who needs bitcoin if there's an EMP?


Welcome to Fightclub bitch.


Wanna see something really scary? Google Jim Garrow and EMP.

Model T's picture
Model T (not verified) ZeroPower Jul 25, 2015 1:36 AM

Canadian Womens ! I luvs Canadian Womens ! You're right, at least partially; but don't spoil their ignorance party; they were having such a good time pretending to understand something they never studied.

_SILENCER's picture

BTW, Chumbawamba, I read through a large part of Errant Soverign book and the listened to the podcast link.


Holy shitballs.


zhandax's picture

Chumblez, I think you are pissing up a rope of that one. The timeline is all wrong.

Se non e vero, e ben trovato.

cephalo's picture

Gee, do ya really think some may awaken from their slumber and realize why Greenspan was knighted? Nah, don't think so.

Abitdodgie's picture

Errant Soverign by blackstone , do you really think the leagle system gives a fuck anymore.

Abitdodgie's picture

In case you were not clear on that the leagle system say do as we say or go to jail , if you do not we will SWAT you slaves , in America you are one of two things 1, a 14th amendment citizen , that means you are a slave black or white or 2 you are a enemy of the state under the trading with the enemy law and yes we live in a battlefield and are still under military rule since the civil war because the treaty of peace was never sigined

DirkDiggler11's picture

You are 100 % correct Abit. You know who also NEVER surrendered and also never signed a peace treaty ? The government of the Confederate States of Americia. Most of the Southerm military armies surrendered, but the government of the CSA never did. Interesting indeed ..

FinalEvent's picture

Who needs gold when there is a supernova.

Oh, of course an EMP is just around the corner. 


ali-ali-al-qomfri's picture

Technically speaking, gold is made from a supernova.

I'm not yet ware of what supra natural force of nature creates Bitcoins.

VinceFostersGhost's picture



I'm not yet aware of what supra natural force of nature creates Bitcoins.


Love and puppies?

FinalEvent's picture

I know, that's why gold will be worthless due to massive inflation of gold during supernova.


aurum4040's picture

Who needs Bitcoin when I can write a crypto currency program called Shitcoin? 

DogOfSinope's picture

Don't bother. Crowded space. There's already TitCoin, PotCoin, ZeroCoin (a name fit for all cryptocurencies), etc.

conscious being's picture

Hence the number one, of several bitcoin problems ... no barrier to entry.

Implied Violins's picture

...and number two, not enough girth to take advantage of the situation.

Kaervek's picture

Are you people retarded?

Those copycat clone shitcoins are neither secure nor trustworthy. Stay away, there is only one true god.

FinalEvent's picture

Guess what, there are already 1000.

Just like there are few other shiny metals.

sun tzu's picture

A shitcoin hustler calling others delusional. LMAO!!!

Someone creates unknown digital currency, sells it to idiots, and I'm supposed to buy in because it's worth something.

GoldSilverBitcoinBug's picture

Who need Gold or Bitcoin when there is Plutonium dust in air ?

Bitcoin Meiser's picture

If there was an EMP blast that rendered all electronics and internet useless you wouldn't survive long enough to be able to use your gold.

DogOfSinope's picture

Yeah? And why would that be?

Dude, if your intention is to support the bitcoin crowd, you are really doing them disservice.

Everything you utter on ZH is a steaming pile of incoherent bovine excrement. 

Bitcoin Meiser's picture

Unless you live in the woods or in the mountains you would have a hard time getting food or water without our current system of e-commerce. I mean, you could just take it from there.

In most parts of the United States food has to be shipped in via Truck deliveries 24/7. Without these constant deliveries of food people in cities would starve to death.

So you better pray that nothing like an EMP happens because if it did it would be Armageddon, and you would probably get killed for your PMs, in people even knew they had any value.

The problem with PM worshippers is that they aren't realistic about the world that they live in. With pure arrogance and naivete they think that they can just pull out their bars or coins of gold or silver and go down to the local store to buy bread and groceries when TSHTF. It just doesn't work that way.

I use to own silver. Do you know how hard it is to sell silver outside of the Internet? Have you ever gone down to the Diamond District in NYC and tried to sell your gold or silver? I have. It's not pleasant and it's very easy to not get the proper value for your coins. You have to do shady deals in back rooms, and then you really see the depravity of bartering. You come off as a desperate person to the buyers.

Bitcoin, on the other hand, has established markets and exchange centers. It's becoming easier and easier for me to exchange my bitcoins for fiat currency thanks to new services backed by reputable parties. I cannot say the same for gold and silver.


RafterManFMJ's picture

You're right.

My food and water a delivered by e-commerce.

I'm printing 500 gallons of water from Amazon Prime as we speak.

BKbroiler's picture

Bitcoin Meiser

What a croc of shit.  Yes, I have personally gone to the diamond district to buy and sell gold and done just fine.  If you're scared of dealing with little orthdox jewish men in back rooms (and yes, that's how it works) then just stick to your shiny banks with their suit and tie minions like the rest of the neutered public.  As far as not being able to sell it for food, it does require one more step, at the pawn shop, where any owner will pay $20/silver eagle even with spot at $15.  THEN you go to the supermarket.


Maybe YOU came off seeming desperate, but that just means you suck at barter.  That's not gold's fault.

Bitcoin Meiser's picture

Ok, if you can put up with that BS go for it, Desperado. I admit, I don't want to have to go to the town, deal in back rooms, have the buyer tell me know my coins are not worth as much as his, and then have his assistant beg me to make sure she gets the credit for bringing me in...just to get a freakin' roast beef sandwich.

I am willing to bet that most of the 7 billion people in the world are like me, so have fun being the lone wolf in the group.




BKbroiler's picture

I am willing to bet that most of the 7 billion people in the world are like me

Yeaht that's what I'm counting on.  

When the blackout of 03 happened, NYC was a shitshow, and that was a day and a half.  Miles of parked cars that ran out of gas on the street, supermarkets shut down, no ATM's, and if it would have lasted any longer than it did all hell would have broken loose.  So this isn't some doomer-prepper fantasy, shit does happen, and those who aren't ready get screwed.  I was lucky enough to be carrying cash and some chronic, which I bartered for a ride home, and that would have been impossible with a credit card, bitcoin, or anything like that.  If things got worse I could have trade my gold watch, or some of my 30 day supply of food, water purification tablets, or toilet paper.  Toilet paper is the best fucking currency in the world when things go bad.  After more than 3-4 days without electricity, even cash becomes useless.  That's why we prep.  That's why we own gold and silver.  When the lights go out, and they will, what is useful and what is not becomes quickly apparent.

Bitcoin Meiser's picture

Your food and water IS being deliverd by E-commerce. How do you think those shipments get to Walmart and Costco? EMP blasts would affect motor vehicles also, so trucks would not be able to ship food across the country.


As for this statement:

"I'm printing 500 gallons of water from Amazon Prime as we speak."

Yeah that sounds silly. It's as silly as saying:

"I'm going to be able to buy my water using gold or silver."

My point is, if there was an EMP blast owning gold or bitcoins would not matter. You would have much bigger problems.


VinceFostersGhost's picture





Wear fur.....they love that.

Sock Monkey Posse's picture

In a SHTF episode, my food and water is delivered by a backyard garden (5 acres carefully cultivated over a decade), chickens, honeybees, shotgun, rifle and a water well. The demand for barter will be very high, the demand for bitcoin will be predicated on electrical power restoration.

Bendromeda Strain's picture

EMP blasts would affect motor vehicles also, so trucks would not be able to ship food across the country.

Mister Oh So Technical is now reduced to spreading urban myths. The fact is that only newer vehicles in the general blast vicinity would recieve enough flux energy to permanently damage controls. The overwhelming majority of vehicles will be sufficiently shielded by their shells, especially if they are not running at the time of the event. Now YOUR fragile technology on the other hand...

Cadavre's picture

I'm printing 500 gallons of water from Amazon Prime as we speak.

I have a few "Instant Water" franchises available, but you must act now! The product comes in 1 gram paper packages. Empty it into a glass, and just add water!

Viola, "Instant Water"!

Instant Water franchises can be issued through distributers subject to underwriting discretion. Delivery and prices can only be guaranteed through 8-31-2015. Instant Water samples ship without obligation within 30 days of receipt in most states. Rates as of 3-31-2014, are subject to change. Instant Water in Florida provided by Bleached Yellow Snow Enterprizes,, licensed distributer. Advertising compliance# (_|_)

Icelandicsaga...............................................'s picture

If you are having a hard time selling silver and gold are an idiot. .Never had one problem always got 90 percent or more of of listed value for sovereigns, Morgans or junk silver which blew my mind. I live in asmall town withntwo coin dealers who,pay cash never quibble and  i buy from them. If you are in the anew ayork area trying to sell ...go elsewhere. If you are selling on ebay are getting hosed. Try reputable dealer even JM Bullion or Apmex...orvsomeone like Atlanta Gold and Silver coin..they pay the shipping or reimburse you. Bitcoin is nice if you really believe the computer system is never going down or that govt is not going to screw with it, If bitcoin is your obsession  okay by me..but if you are having trouble selling silver or gold its your have enough imagination for bitcoin but cant figure out how to sell your silver..pathetic. No one thinks they can exchange silver bar for food least not at first..but ask those who lived through WWII how handy gold came induring and after..bitcoin unless you hook up with someone who,will take it in exchange for goods orbwhatever passes for a medium of exchange..I doubt anypne but a few bitcoin geeks are going to know what the hell youmare talking about...goldband silver have alwYs been a medium ofvexchange ..along with food, tradeable goods, luxury items, liquor, coffee, spices, etc. Bitcoin is going to only be useful if electronic systems never go down.

Miffed Microbiologist's picture

Ok now I am enlightened. My PMs will not be exchangeable if there is an EMP event but bitcoins will be safe. Phew, I finally have found a morsel of wisdom on ZH after all these years.