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Gold Surges Back Above $1100 As Dollar Dumps After Wage Data
Paper gold prices continue their extreme volatility ride, spiking $20 as the dismal ECI data hit this morning (as we pre-suppose weak data means moar money printing inevitably coming down the pike)...
as The Dollar dumps...
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I suspect all those $350 an ounce Gold predictions will be quietly put away....Oh, wait they can't they published them on the Internet with their names attached.
GOLD FALLS BELOW $1100 AS WAGES GROWTH IS MEANINGLESS IN MANIPULATED MARKETS.
In other news...... Kim Kardashian's cat is still wearing a pink ribbon which she placed on it last night.
Guys ... this is just dumb. We all know the number on the screen is manipulated and has no connection with reality. It is all about perception at this stage, it will work until it doesn`t. Look at Greece, banks are still closed. The perception will change only after the fact. These numbers are at this point beyond meaningless. Reality for the masses is what they perceive, noting else. You have to give to the PTB, they are putting up a hell of a show!
Indeed, if they print more paper USD, you can be sure that they will print more paper gold to go with it. The gold price IS the monetary policy.
Surge. LOL. Give me a $100 up day and that's a surge. I'd call this a slight increase.
And which, in part, partially explains the aggressive take down of late. If there are known in advance (By the Cartel) reasons for Gold to rise, (Such as economic data like this) The Cartel will ALWAYS take it down first so that the rebound is from lower levels and back to where it actually started.
It has all become so painfully obvious and a total joke?
Popular or not my GLD trend line is still very negative so this little bump has a long way to go before anything bullish gets signalled.
I wouldn't put my name on a $350 bottom but I would definitely attach it on sub $1000 for sure.
- eyeballing paper price -
Silver at $2-ish.
Gold at $16-ish.
Just remember when they print more money, (or at least give the indication that they are) they make more paper gold and silver to manipulate the market price. They don't actually buy more gold or silver. That would take work, versus pushing a button to "print" more gold or silver.
Appearently everyone is fine with more debt so let's see if we can improve the 7 out of 10 number posted this morning by getting billionaires to the point that they are eating cat food out of the can with a stick in a ditch somewhere. Let's aim for at least a 5 out of 10.
Obviously there are still too many rich people and the only way to kick them off the ivory tower to run the debt to beyond hyper inflation so all their cheques don't cover shit. In the meanwhile, for those that want to get out of the way?
BitCoin. Get some.
.
You're going off thread. Get back to the cat story or fuck off. Fight club thingy.
... "Paper gold prices continue their extreme volatility ride,"
... operative word > "Paper" ...
Gold really doesn't move until the US goverment collapses.
Till then....Keep Stacking baby!.....
ALL PAPER DERIVATIVES BACKED WITH NOTHING ARE ESSENTIALLY COUNTERFEIT PONZI SCHEMES (WHAT A CONCEPT).
So what? You get to vote for Donald or Jeb or Harry don't you? Its bound to make a difference and will make 'merrika great again. I personally would choose a beige wall for the border. It's such a calming tone and blends right in with the environment. Talking of the environment, we had better do something about that damned climate changing thingy. Vote early, vote often.
Ooookayyyy, I fail to see what this has to do with his comment, but whatever.
Sorry, Doc. I got lost there for a bit. Did you happen to see the story about Kim Kardashian's cat though? Its enthralling.
I read it that he feels helpless, that knowing it is a Ponzi scam does not help him.
Helps me.
From Phil Collins to Al G:
Oh no not this confused again
Oh no not the same mistakes again
You're taking it all to heart
You're taking it all too hard
Now listen here missy. Let's not read into things that aren't there.
Sayyy, its not a cat story a'tall. Sorry everyone, it's a Cait story but the pink ribbon WAS on her cat and is worth seeing;
http://www.dailymail.co.uk/tvshowbiz/article-3180820/Kim-Kardashian-mock...
Paper controls real gold in the land of free and fair markets:
Deliverable stocks are at a low and therefore the 'leverage' of paper potential claims to available bullion is still rather high at 116:1 at the Comex
http://jessescrossroadscafe.blogspot.com/
From ZH: " spiking $20"...
I can only assume in our free and non-manipulated markets, that the media will be all over the sudden interest in gold and pro-gold articles which would take many hours to write will have appeared within moments of this spike.
Guests on mainstream TV today will laugh out loud at the "slaughter" of the gold shorts and editorialists will joke about how you need a pet rock to keep your paper money on top of your desk when there is a breeze.
Anything less would mean a coordinated anti-gold conspiracy in the west and we all know how crazy that idea is.
ZH's click-bait is pretty obvious, and, yet, here I am. I can't put down the needle.
NBC:
Bath House Issues EO.
Americans Ordered to Buy Stawks!
This calls for moar bashing by MSM .... pronto! MSM is confused; they cannot decide what to bash moar, Trump or Gold while at the same time printing the latest movement of that Tranny as "Headline News."
NYT:
Trump Foolishly Invests in PMs!
The Donald Declares Stawks Are a Ripoff!
Anyone Investing in PMs Cannot be Elected President!
Got a link?
No, it was satire.
Sigh
This calls for moar bashing by MSM...
Right on queue.
http://www.bloomberg.com/news/videos/2015-07-31/metals-mining-coal-are-a...
Gold will be the target of the cabal come monday!
"Sol, what's the deal with the construction machines?"
"Haha, our dupes in the Press have been hammering Au. We're digging another vault under the Knesset."
Typical sharp bear market rally. Still headed for $724.
I can't see silver getting that high.....
I can.
Meh, I'm waitig until paper gold gets crushed under $1,000 so I can scoop up on the panic selling.
you may be waiting a long time there, hotshot
Keep worrying about gold priced in fiat. Mark my word there will be a giant puke phase, and I'll be there waiting.
Bet him a sammich, Doc.
Good idea. See if I can go 6 and 0.
Since you are such a greatmaker of samichs you should share...bernie sanders told me.
RIPS
Trouble is my LCS is out of nearly everything and if there's a big price drop I sure won't be buying on line.
I heard a rumor Bullion Direct went BK and there are unfilled orders. I did not confirm it, just heard it.
I would go to a shop and get it in my hand at this stage of things.
MsCreant http://about.ag/BullionDirect.htm
Thanks. WOW! Read about this fraud!
"[Bullion Direct] interpreted the provisions of the Terms of Service agreement such that when a customer placed an order, the precious metal was not actually purchased unless the customer agreed to take actual delivery of the product."
In other words, when someone bought $10,000 of metal and sent a check for $10,000, Bullion Direct would show the product in your porfolio. But they would not actually buy the metal. There is no sign that any hedging was done, either.
Prison terms? Let's hope. It starts at the edges, right?
You gotta figure the big distributors like Provident, APMEX, etc are gonna jack up the vig on each ounce of PM.
Maybe that or maybe they'll still "sell" it but you'll find out that the delivery time gets stretched way out. I'm not willing to take that gamble.
Yeah. Things are starting to get kinda weird.
They're not going bankrupt with my order pending.
No problems with delivery times or markups from Provident. Don't know what all this wailing is about.
And because you had to show this...
IT'S HAMMER TIME!!!
Anyone following gold bugs for the last 4+ years has gotten hosed. Gold is already headed back down. Don't believe the (Russian propaganda) ZH hype-train. Sketchers is massively outperforming metals. *SKETCHERS* Not even good shoes... OK, I'm off to listen to RT/Alex Jones now.
Check out Kim Kardashian's cat, would you?! Never seen anything like it. It's wearing a pink fucking ribbon! You'll catch it on CNN. Don't worry about any disruption in their streaming, they have the bandwidth covered.
OMG like I know right??? Did you see her previous cat mercy? What an amazing fucking story!
Don't you just love cats!
Is this coded language about her coal-burning pussy??
Get with it. The cat!!!!!
Yeah, I agree! I just heard Central Banks all over the world are throwing bullion bars into their dumpsters!
Well that was short lived. Gold is back down to $1092
when the bulls are bearish it's time to buy...
just sayin
HFT probably contributes more to prices remaining the same, rather than resulting in fixing prices to advantage. The latest decline in gold was meant to arrange for a price fix before derivatives options expiry and monthly precious metals options expiry.
It doesn't appear that the buyback before the monthly close is presenting any problems.
INDICTMENT
Americans are criminals because Americans violate the Constitution of the United States of America.
The U.S. President Obama, the entire U.S. Congress, the CIA, the FBI, the U.S. Military, and the entire Police Force of these United States SWORE to protect, serve and uphold the U.S. Constitution.
The U.S. Constitution forbids usage of debt as money (referred to as 'notes') and stipulates that only gold and silver can be used as money.
Yet,
Americans commit or support and condone the murder and torture human beings throughout planet earth in the name of democracy and freedom, all for the sake of acquiring Constitutionally fraudulent and illegal Federal Reserve Notes a.k.a (counterfeit) U.S. Dollars.
Since the United States is a democracy and Americans only elect Democrats and Republicans who perpetuate this unlawfulness,
Americans are indicted criminals according to the United States Constitution.
Spread the word.
You're so wrapped up in this Constitution thing that you have obviously missed out on the cat story of the day. Get over it already.
ARTICLE 1 Section 10
blah, blah, blah,,,,
No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.
blah, blah, blah.....
Forbids the States,,,, Not the Federale's.
Anyway,,, Who cares? Constitutions are like Gold,,, a relic of the past... A pet rock... a pet piece of paper......samo.
Bath House: "The Constitution was written by old YTs, some of whom owned slaves! As a Law Professor, I can declare it Null and Void. I am now the Lawmaker!"
Right now I am building my Negro Army. Soon, YT will know my Wrath!!"
Yes, we know they are crooks. However, arresting them when only 1 in 10,000 serfs know they are in the wrong is a different matter.
Talking about serfs; Mick Fanning was nearly bitten by a shark the other day. OMG!!!! Did you see that?
Yep. Serfing can be dangerous.
I like it!
"Everybody's gone serfing, serfing USA! Fuck Yeah!"
These knee-jerk reactions to "news" typically last hours, and that's it. Moves like this aren't even worthy of an article or report. "Wage data" is not what drives gold price. The volume of fiat floating around in the world... that's what drives gold prices.
Here's the way this is going to play out: Commodity prices all over the world have fallen hard. But they aren't even close to finished crashing... and that includes gold and silver. The Chinese stock markets are giving us a glimpse of what's just around the corner for western stock casinos. In order to try to avoid a repeat of the crash of 2009, the reaction from the bankers is going to be epic. ZH covered that aspect only an hour ago:
http://www.zerohedge.com/news/2015-07-30/western-central-banks-have-set-...
In a nutshell, if you're wondering if this is the bottom in gold, just ask yourself this question "Have I seen an epic crash in the stock markets in the past month?". If the answer is "NO", then there is no reason for more printing on the levels we're talking about here. Without that catalyst of extreme fear and panic being set off by a global firestorm of burning stock prices... gold continues lower.
BUT, as soon as you hear them even pondering "emergency funding" or "QE", no matter what they call it... back your truck up and load it with silver.
Yeah, IF there is any left with super-low prices in FRNs.
I'm buying now. I'll buy if it goes lower, too.
Smart man. Ditto here.
Rock on, Alberta!!
For once ZH. Ignore a $20 rise in gold. Don't post it. Let's see what happens. Because for 5 years you are batting 1.000 on knocking down price momentum as soon as you post. Just once , so I don't have to wonder about you guys !!!!!!
WSJ:
"Over the last few years, a trend has developed with the financial blog ZH. Each time they post a story about Au and other PMs, the value in FRNs drops. Analysts are becoming convinced ZH stories are bad for PMs."
Damn,,, Overslept a half an hour and missed it....gold back to 1089.
Well,,, here's hoping for $20 Gold $0.50 Silver!
Soon people will be throwing their gold junk,,, necklaces, rings and teeth away.
I have just applied for County trash service. Free Gold and Silver in them thar piles.
I recover Au from old printers and computers. You would not beleive what the Rich Folks throw out! Our family has not had to dumpster dive in over two years!!
How? I know it's there, but it takes a lot of power to electrolyze it off.
Dupe
And again
But, but, all these news stories say Au is dead!
How can this be?
The MSM is never wrong!
Wish you guys would not comment on gold, silver unless it closes up 40 bucks. Always top tick it here. Frustrating.
INDICTMENT
Americans are criminals because Americans violate the Constitution of the United States of America.
The U.S. President Obama, the entire U.S. Congress, the CIA, the FBI, the U.S. Military, and the entire Police Force of these United States SWORE to protect, serve and uphold the U.S. Constitution.
The U.S. Constitution forbids usage of debt as money (referred to as 'notes') and stipulates that only gold and silver can be used as money.
Yet,
Americans commit or support and condone the murder and torture of human beings throughout planet earth in the name of democracy and freedom, all for the sake of acquiring Constitutionally fraudulent and illegal Federal Reserve Notes a.k.a (counterfeit) U.S. Dollars.
Since the United States is a democracy and Americans only elect Democrats and Republicans who perpetuate this unlawfulness,
Americans are indicted criminals according to the United States Constitution.
Spread the word.
Please stop posting your crap here and find a more appropriate venue for your pathological character to emerge.
The dollar is the shittiest reserve currency the world has ever known.
Oh look: faux gold is down against the ..... wait for it ...... Euro..... FFS!!!
Europeans are buying too much physical. They need to be shown how worthless it is, followed by ridiculous propaganda.
once in the article and at least twice in the comments they spell "moar" instead of "more". am I missing something or is this the level of incompetence of murikans
Keed, that is on purpose. They show a bit about the farce of these markets. Their spell check is pretty good. lol
You are missing something.
MOAR is more of more. It is a demand from a bottomless pit of consumptive desire. Internet culture.
You know, you can look these things up:
http://www.urbandictionary.com/define.php?term=moar&utm_source=search-ac...
Best definition I have seen for MOAR.
Silver almost hit $15. Almost.
If you're worried about delivery, buy on ebay. Premiums are about 20-25%, but companies like Scottsdale Silver are well-represented and, because they don't want to get their feedback dinged, ship super fast.
I spoke to one of their reps a while ago and he said they ship ebay orders quicker than orders on their website because of ebay's feedback system.
The premiums I find not to be a problem, since, when you re-sell (like that's ever going to happen), you'll get a premium price paid. That's been my experience, anyhow.
Hi-o-silver! Away!
Gotta set up for a supposedly horrible price smash on Sunday night.
Don't care what it does now... when deflation kicks in it will keep dropping. In fact, that is why it is dropping now. Say hello to $800 by the end of next year. And US GVT bonds will keep going up, perhaps even pushing yields below zero. Gold will be considered dead by everyone not named Peter Schiff.
When all that happens.... that will be the time to buy gold.
What? You gonna hug a lamp post for that Au?
Did you just say 'surges above $1100'? This isn't 2009.
The thing about this little surge is how quickly TPTB runs over and snuff it out. Can't have people owning gold and leaving TPTB financial waters. There'd be no hypothecating nor re-hypothecating. No being able to pilfer folks savings by lyin' and stealin'. No monthy commission checks because folks not trading. The TPTB would be out of business in a heartbeat if gold prices reflected honest trading of physical metals. The biggest deal is that gold is mark'd to market instantly every tick, whereas many paper promises called "assets" are never mark'd to market.
Nothing to see, it's pretty much range bound at the moment.