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Gold Soars Into Green Year-To-Date, Breaks Above Key Technical Level
Gold has broken above its 200-day moving-average and pushed back into positive territoiry for 2015 amid a notable surge in prices (after whipsawing around in the last 24 hours). As the USD Index suffers its first 'death cross' in over 2 years, perhaps Paul Singer's comments are starting to gather momentum.
Gold is now up 4 days in a row, back to 4 month highs...
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Gold sandwiches, bitches
Silver bitchez
https://comparesilverprices.com/ytdfin.png?1444846443
See see see, this is what happens when the whole sheebang starts (as in been doing it but the rest of the world realizes it) falling apart.
No credibility on the fiscal, monetary, political, foreign policy, human rights, moral or ethical fronts.
It's all gone to shit, kids.
And we never saw it coming, etc., round up the usual straw-men
Hey, I got an idea! Let's have some more Republican and Democratic Debates!
BTW, how's that "Reset Button" working, Hildabeast?
CNN creaming their jeans over the "massive" audience for the shit show last nite........THEY'RE SAVED!!!
Oh, the MSM ou here on the Wasted Coast was just slathering it on hot and heavy this morning.
The Dem debates knocked the Repub debates out of the ball park.
The Dems had policies the Repubs just argued
Hildabeast won hands down.... I mean the Propaganda Mechanism was at Full Tilt Boogie this morning. Nauseating.
Gotta tell y'all I'm probably gonna vote for Trump only because he scares the living shit outta of the Progressives.
Large cap: SLW
Small cap: various
Looks like I timed the bottom, about 2 weeks ago! Up 20% in SLW and, up from .155 to .24 in small caps...
Well, you may be right but this would be the umpteenth time now we started counting these chickens...
Nope, the monkees will be loosed shortly. Nothing material will happen until the Chinee are ready, and they only have about 80% of the strategic metals they feel they need...
2016 bitchez...
;-D
I have been getting notifications of high volume in miners for about the last 3/4 weeks. That is very unusual, the last few years.
Make of that what you will.
AND NOW GET THIS!
THE NOBEL PEACE PRIZE WINNER DEPLOYS TROOPS TO CAMEROON!
http://news.yahoo.com/obama-announces-deployment-300-troops-cameroon-163...
And it's about damn time! Those Cameroonians have been monkeying around with us far too long.
Yes,
they've gone Ape.
all the Precious paper phyzz are big green today. I guess it must be some unknown Monkey holiday.
I'm sure the Monkeys will be flyin' high and hammerin' hard tomorrow though.
Then again, Illinois has announced that it's all outta money. Maybe the Monkeys are all outta paper shorts. Printer broke? Emergency CTRL-P must be enacted quick!!!
I don't want to burst anyone's bubble but gold is still in the red for 2015. According to Kitco, gold closed at ±$1205 during the PM session on the last trading day of 2014: http://www.kitco.com/scripts/hist_charts/monthly_graphs.plx
The direct link doesn't work, try this one" http://www.kitco.com/charts/historicalgold.html and select 2014.
Noticed the same in some of the junior miners I've been watching
yeah, and JNUG popped big today. First time in a loooong time for that ETF
ah, messymerry, china may ony have 80% of their desired total, but is this the point where the west decides its unwise to continue haemmoraghing gold to them?
Maybe, but keeping an additional 2000 or so tons will not really help us very much...assuming we can actually cough up that much physical that is not encumbered...
;-D
Indeed. Until gold breaks $1500 and silver $30 we really don't have anything to get excited about.
At noon today on CNN it was wall to wall with 2 story's only--passed out basketball player in a brothel and a stabbing in Jerusalem. At least one hour straight. Nothing else. Possible world war? Zzzzzzz
Republicans are red, and Democrats are blue,
And neither one of them, gives a fuck about you.
Political poetry for the masses since 1776.
S'okay, We The People will be here to take out the garbage when it is time.
What The Constitution of The United States of America is for.
Silver demand RETAIL is massive world wide while price is lingering in the basement. Physicial volume is easy to mask vs price.
So while the World goes to sh#t and demand for physical goes through the roof. The price remains in the basement so that CNN can continue to pan it.
Happy days
Yep, make your final preps now, kids. We always feared it would come in the winter.
Biblical.
(Just sayin' that because it offends so many ... like Progressives, etc.)
...and it's gonna be a HARD winter. If they were to suddenly stop geoengineering cold-turkey...God help us all :((((
Get moar blankets, coats, camp fuel, wood, etc.
seen enough of "it's on" to not jump this time..i need to see more indicators(please..NO more charts,i beg).
What's in your boat?
Generally lots of rum, coke and ice. I lost all the precious metals a long time ago due to an unfortunate capsize.
+1 for your bio line.
God damn underpants gnomes absconded with all my PM.
Six more boats.
I've learned something from ZH...
Is that like 43 new toyotas?
Shorts are scurrying like ants lol
Cartel banksters boys getting their asses reamed pretty hard today.
Sititng on the curb bleeding out of their asses.
This after being monkey hammered by BIS goons in the wee hours of the asian market. Physical gold and silver are leaving the West for the East to never return. The last sucker at the Comex and LBMA turn the lights out when you leave. Hope it's soon mf'ers.
Exactly BD, now we know why they tried to beat it like a dog in the early AM, they had to wrong foot the PM market
If a dog travels into the future and bites his tail, when does he feel it?
The Bootstrap Paradox.
Fortunately, those of us who understand physics no longer suffer from an illusion of "time". The only time is the present.
Change merely reinforces the illusion of a passage of time. All is now.
As such, there is no paradox!
Yes, the only true time is the occurrence of events. Which comes before or after. This gives time and is the only time. Years, centuries, weeks, days ... seconds down to micro seconds is only relative to Earth, Einstein's Relativity.
glad you guys have a good handle on the time-travel thing. please send me a pdf of next week's WSJ right away?
The point is that there is no time travel as it is not light, but time being the limiting factor.
There is Only Now.
All the past is mere memory. The future, mere expectations.
The inevitable PTB smack-down is certain to follow.
Unless that turns out to be: Putin That Be.
While I'm generally of the same mind, my gut feeling is we're getting close to the point where the smackdowns will stop. The levels of trust CBs have for each other is declining, and I think the sense is the flow of AU from west to east needs to stop soon in order to preserve western fiats at some lower level.
We're starting to see the shorts back away from the table so I don't think it'll be that much longer. I'm pretty convinced that by 2017 that while TPTB won't have lost control of the gold market, they'll no longer suppress pricing as they have because to keep it cheap undermines their power at the CB level.
What a coincidence. I was thinking 2099.
Wait, not sure. The 10 year T-Bill is again under 2.00. And while the rally in PMs is based on paper it seems that this is also a flight direction away from stocks.
Good thing both Russia and China are sending their only aircraft carriers to Syria.
Should be quite a show.
What if the PTB want gold higher?! Seriously.
Right now Glencore is teetering on the Lehman brink. If they go under they drag down Deutsch Bank, drags down etc. etc.
So what is the cheapest way to prop up the mining company turned fucked up commodity trader? Have the Fed buy paper gold. Boost it to the fucking moon. Glencore and the other two major trading desks get massive collateral boost in a few short days. Boosts Glencore's projected revenue stream, and its assets on the auction block. Credit problem solved. Lehman 2.0 averted.
Manipulation goes both ways. The Fed needs a weaker dollar.
So in the next few weeks, why not gold to $1250?
Monkeyhammer in 3, 2, 1....
200 day moving averages in commodiites are useless. Gold is still in a multi year down trend and hasn't even taken out the 2 year weekly down trend line, Call me when the trend actually changes.
Having been around a couple years, my signature doesn't change, buy low and buy again.
Gold Bitchez.....I pick up pennies
Maybe not so much what Paul Singer had to say, as WalMart not being able to keep their promises. If you're holding WalMart paper promises, maybe you'll get paid; maybe not. That's the type of decisions involved when thinking about gold. Whether or not it's the next hot rock is for gamblers. Real investors simply figure their exposures to paper promises. If you KNOW those promises will be kept, you don't need gold. Otherwise, . . .
SELL ALL RALLIES
Incorrect
We are fast approaching the rally that one does not want to sell...
Define "fast" and "rally" so all involved have an accurate means of measuring your prediction.
There is no reason to EVER sell your gold unless it is for the purpose of paying off debt that threatens to choke you. It should always be seen as the ultimate inter-generational asset which guards against whatever disaster may arise whether they be war, Fukushimas, runaway inflation etc.
Avoiding a 25% or 50% drop in value seems like a prime time to sell.
Gold, like all assets, do not stay at their peak forever.
I sold some on Monday to pay for new autopilot and radar for my boat (we always see at least a 'blip' after I sell). However, unlike most ZH commenters, I actually have a boat. See ya', suckers, when SHTF.
I don't agree. I'd say make 3 stacks to store value. One generationally, one long term, the other medium term. People need to be able to save for capital (to start a business) and income (to live off of) +10, +20, +30, +40 years out. And gold makes a better store than cash/bonds/stocks do.
Hulk; yes, today being a prelude.
Premarket (NY) the price lurked flat but the usual time for the early smashing of this latest modest rally passed and gold got bought steadily all day.
hmmm.. big divergence between the USD/JPY and the SPX. is the algo correlation breaking down? now that the spx should be dropping in response to the prior correlation?
Don't get excited just get prepared.
Don't get excited, the price has not yet ignited.
Personally, the more they beat gold, the more I am certain that things are getting closer to a disaster and so this serves as a counter-intuitive warning for me.
I am not sure if this is just a hiccup or whether they are losing control of their manipulative grasp, but the fact remains that the day is approaching when debt will be scurrying to find a piece of real security to attach itself to and I am afraid there isn't going to be enough security and good security by a long shot.
The purchasing power of promises from liars is going down...metals just sitting there smiling.
:) Fuck you Jamie Dimon, Bernanke, Yellen, Fischer....and co!!
RIPS
"Gold is now up 4 days in a row, back to 4 month highs" -ZH
Not "back to 4 year highs"?
The Hillary quote comes to mind: "What difference does it make...?" How is this even relevant, unless it's back to 4 year highs?
You either keep touting the "BTFD" meme (Buy it while it's dirt cheap), or you tout the "Priced to the Moon" meme (Time to cash in). There is no middle ground, other than for PR purposes, or for Pump & Dump purposes of PM speculators.
The Giffinest Goodest its looked in a while.
Ginchiest !
Clearly this is due to the Democrat debate. People saw that sorry group of socialists and said "gotta get me some gold!"
Glode Expolds !
looks to me as someone is finally challenging the Comex Dec contract perhaps for physical delivery, there has been plenty of blogs suggesting that there was only so many deliverable Tons left...?
“above the 200-day moving average…?”
It’s nothing to get excited about.
Wait until a small fraction of the market realizes the tiny amount of gold held by the US Treasury. Media talking heads might grudgingly tell you that the Treasury holds something like 8,300 tons of gold; but they omit to tell you that, some 20 years ago, the Treasury changed the first item on its asset statement (part of its balance sheet) from “gold” to “gold and gold swaps”. Swaps… as in gold lent into the “gold carry trade.”
Several sources estimate that 30% to 80% of European and US Treasury gold had been taken away by the so-called gold carry trade prior to the year 2000.
By this estimate, the 8,300 tons converts to 6,600 to 2,500 tons.
But then, let’s be realistic: American governments have been dominated by Judeo-Bolsheviks since at least the proposal of the 16th Amendment (1909) and the Federal Reserve Act (1913). And, who would be fool enough to imagine they’d leave a single bar behind?
In other words, the changed listing means that some, probably most, Treasury gold exists only as paper gold – as in paper that will never be collected. Really, who even talks about the booty Judeo-Bolsheviks plundered from Nicholas and Alexandria?
Those same talking heads will also fail to tell you that this “gold and gold swaps” serves as collateral for $15-$20 trillion of “cash equivalents” held by wealthy individuals and companies on a world-wide basis; such amounts include the $3.5 to $4 trillion reported on the Federal Reserve’s balance sheet.
So what gold price do we get when we work the equation, “gold and gold swaps” = $15-$20 trillion in “cash equivalents”… $70,000… $140,000… $infinity?
What we are seeing in the gold price is simple and logical: RE-PRICING. Prior to the last FOMC meeting, POG {price of gold} reflected a rate hike that never materialized. Now that is being compensated for. The gold markets might even go so far as to price in the fact that there might not be a rate hike for some time {this is my belief}. You have China selling record amounts of US Treasuries, this is dollar negative, and conversely gold positive. Top it all off with all of the uncertainty and turmoil across the globe, and you have all the right ingredients for a jump in the gold price. POG is at resistance. I would think it would take a rest, or even re-trace to test later. If this doesn't happen SOON, and gold smashes through $1210, then SOMETHING ELSE IS GOING ON. Could this be an asymmetrical attack on the US Dollar? Only time will tell.
Looking at the chart, back in January and May 2015 gold ALSO broke above its 200dma, and then, puked.
It's a good sign, but I'm still waiting for that last purge when the stock market tanks to make my monster box purchase.
It's coming.
The primary trend of gold and silver changed to bullish on October 12th, as per the Dow Theory. While this has not been the clearest bull market signal, it is clear that at least a movement of secondary proportions has been started, as explained here
http://www.dowtheoryinvestment.com/2015/10/dow-theory-update-for-october...
Furthermore, the gold and silver miners ETFS, which usually lead gold and silver, are in a bul market since October 5, as explained here:
http://www.dowtheoryinvestment.com/2015/10/dow-theory-update-for-october...
All in all, there are no certainties but there is a distinct bullish picture for gold, silver and their miners.
< gold to go down, before it goes way, way up
< gold keeps going higher, never turns back
Will you still love me tomorrow?
https://www.youtube.com/watch?v=cbxxkwBQk_o
"Is this a lasting treasure?"
Keep your eye on the USD...
The trend is positive. I'm cautiously optimistic, but as a realist, can't get too excited -we've been here before -- only to get reamed out by shorts and manipulators.