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Commodities, Precious Metals Are Tumbling - Give Up China Rate-Cut "Hope" Gains & More
That's not supposed to happen...
If rate cuts create "growth" and stocks are discounting that "growth" then why are "growth"-oriented commodities dumping?
Or did China just admit by action that its economy is much more screwed-er than its GDP data suggests...?
Crude even lower no - 2 month lows...
Charts: Bloomberg
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That pretty much puts to rest the notion that gold is a "commodity".
http://finviz.com/futures_charts.ashx?t=GC&p=m5
Ooops! Never mind... in my best Emily Litella voice.
From october 7th . ha
Morgan Stanley Goes Contrarian: Buy Emerging Market Stocks and Commoditieskick ass! The monkeys are on a mission today. And it's pay day. Perfect timing to scoop up another tube of phyzz.
Keep stackin', bitchez!!!
YUP.....I thank um everyday
"That's not supposed to happen..."
"Remember! Reality is an illusion the universe is a hologram BUY GOLD BYEEE!"
-Bill Cipher (Gravity falls)
"That's not supposed to happen..."
"Remember! Reality is an illusion the universe is a hologram BUY GOLD BYEEE!"
-Bill Cipher (Gravity falls)
SDBullion has a killer deal on 1oz generic OPM/Elemental silver rounds right now for introductory pre-order on a new designed round. .95 over spot for 20 or more.
https://sdbullion.com/silver/generic-silver-rounds/elemetal-1-oz-silver-...
.89 for 100 or more and .75 for 500 or more
Yes, but when to pull the trigger and buy that tube today?
That's not a waterfall decline this morning, it is a fucking cliff!
The market seems not to buying this BS,gold miners are UP!
Time to consider a cryptocurrency. Might as well get one that is recognizable and home made. Go the Zero Hedge Coin 0, or at least try it out. If you don't like it, vote it down. At http://zhc0.com
15horses1donkey.
IF ZERO HEDGE HAD A FUCKING CURRENCY OF IT'S OWN, IT WOULD BE MINTED IN INCORRUPTABLE NON HYPOTHECATED NON DERIVATIVE NON MARGIN ABLE SILVER OR GOLD.
Jesus, fucking kids these days. You all think technology is a miracle. All it is is electrons that can be made to go poof any fucking minute now.
Crypto currency is just a fancy name for digital fractional reserve banking - without the reserve, or the bank.
If I blew up your phone right now, you would look like a cow at the slaughterhouse just at the moment the bolt gun goes off - " How could you do this to me ? What'll I do now ? "
Improvise. Adapt. Overcome. Triumph over adversity.
And, transform your idea into minting a fucking physical coin out of noble metals, with Tyler's permission before he copyright lawyers your ass into bankruptcy.
Bitcoin has first mover advantage. What does ZHC0 offer that Bitcoin doesn't?
What is the structure? How many coins were premined into your hands? How do I go about mining this one?
when not reserve currency opposite happens
Yup Gold as well, cant have gold on the winning side now can we.
https://www.tradingview.com/x/7GR16WtJ/
IT'S HAMMER TIME!!
And as I said
Gold will fade
Fuck all the down votes I got.
You get down votes for stating the OBVIOUS in an ARROGANT fashion...What you "said" is not BREAKING NEWS to anyone.
No, he got downvotes by all the gold owners who are butthurt their investments aren't going to the moon like their saleman promised them.
I too own physical, and i'm down, but I dont take it personal when someone states the obvious.
Grow the fuck up. He told the truth and because of it, your panties are in a wad.
Who's the child here?
<<<< I bought Gold as an investment
<<<< I bought Gold cause its REAL money
I bought it at $273......do I win something?
You should be buying gold....or at least have some.
Bunghole thinks the most marketable good on the planet needs a salesman.
(in arrogant voice!) I bought silver, sold the gold, and now am creating a cryptocurrency. Come and join the dark side. There is a silver lining, or at least, I am trying hard to create a silver lining. A reserve of silver or gold, for a cryptocurrency. http://zhc0.com
15horses1donkey.
IF ZERO HEDGE HAD A FUCKING CURRENCY OF IT'S OWN, IT WOULD BE MINTED IN INCORRUPTABLE NON HYPOTHECATED NON DERIVATIVE NON MARGIN ABLE SILVER OR GOLD.
Jesus, fucking kids these days. You all think technology is a miracle. All it is is electrons that can be made to go poof any fucking minute now.
Crypto currency is just a fancy name for digital fractional reserve banking - without the reserve, or the bank.
If I blew up your phone right now, you would look like a cow at the slaughterhouse just at the moment the bolt gun goes off - " How could you do this to me ? What'll I do now ? "
Improvise. Adapt. Overcome. Triumph over adversity.
And, transform your idea into minting a fucking physical coin out of noble metals, with Tyler's permission before he copyright lawyers your ass into bankruptcy.
@kaiser Sousa <<<<<< I bought Gold & Siver for none of the above reasons.
LOL
I'm still buying Gold, bought a new shotgun too...pew pew
Gold Bitchez....I pick up pennies
Investment? how old are you 12?
For me it's insurance.
For the downvoters, it's butthurt time.
They were promised Freegold levels by now.
Oh Bunghole
Look at all those down votes LOL
I to own physical and would never have it any other way....
PS GOLD & SILVER wil have thier time....................just not yet.
Gold is not really an investment it is security.
For me it is my retirement plan.
You should look into Gresham's law.
Your digits are trading naked, and everyone knows it.
So OBVIOUS is negative
and UN OBVIOUS is positive
Hmmmmmmmmmmm sounds like the Stock Market "Bad news is positive" "Good news is negative"
I think bunghole got it right
@LoneStarHog
Hmmmmmmmmm
What if I saved somone from Purchasing.................when they could buy it cheaper later.
And just because it is OBVIOUS to you does not mean it is ARROGANTLY obvious to everybody else.
"What if I saved somone from Purchasing.................when they could buy it cheaper later."
Perhaps, if they like their gold to be made of paper.
Since almost all gold-miners are at or close to break-even, any further drop in physical AU's spot price is directly reflected in (1) higher premiums, and (2) higher scarcity of available phyz sellers.
It's the ultimate counter-intuitiveness of "free markets" - the cheaper it gets, the less of it is for sale.
do u have a newsletter we can not subcribe to?
ur call given the fact that these markets r rigged to protect the debt coupon dollar was pure genius...thanks
@ Kaise Sousa
Yes
e-mail
Sheep@dickheadsrus.com
You are talking about paper gold, champ. And yes, the paper price must inevitably go to zero.
@TeamDepends
And as I am the one "Who states the obvious" The paper price is what you get for your Solid Metal at presan, should you need to sell.
Why would anybody sell thier gold when merchants will take a four number pin for payment,hope it works out well for them.
Anyone who sells when the paper price determines physical price is either desperate or mad. When paper contracts default and only ownership counts, that is the time to think about selling.
When paper contracts default and only ownership counts
So, when is that going to happen?
There will ALWAYS be a "paper" price for commodities, even if the paper is massively devaluated.
But thats how physical is priced CHAMP.
Wait a sec! Who's paper? Not a store of FRN's or whichever valueless currency you use, a store of value. Why should I care if the gold price = 0 FRN's.
PM's have inherent utility...Right?
If you noted that the central bank (you choose which one) OBVIOUSLY lacked quality collateral...and you understood that your digits, FRNs, or preferred currency were checks drawing upon that impaired collateral...and hence AT LEAST AS IMPAIRED AS THE COLLATERAL BACKING THEM... what would you do?
Would you pretend nothing is wrong until the end?
Would you collect the currency, think it will make you wealthy, like people collected CDO's in 2007?
Or would you resolve that in the absence of viable banks or central banks, that you must become a microcosm of a Central Bank?
If you did...what asset would you choose to secure the value of your checks?
Or perhaps you have some better idea?
Let's hear it!
Yep. Lots of gold/silver bugs in denial here.
Too bad I ate the pessimisim porn. KWN, brotherjohnf and others always got that positive spin going,
somehow the sheeple eat it.
The most marketable good in the world does not need a salesman. More sheeple are eating the Fed porn
Free gold for all natural born, Caucasian Americans. Once we're caught up, everything will be just fine.
Spring in Rhodesia was just magical. No, I won't be coming home.
I certainly hope you are well stocked in Viagra.
I have a big position in SPXS but I figured this week would be crazy with ECB so I hedged short position by buying long(SPXL) lol. So I haven't lost a penny in this week's crazy rally. I suspect around SPX 2080 would be at least short term resistance. So I'll dump SPXL with a good profit and add more to SPXS around 2080 or so(chich already hit once in pre market but missed. I'm pretty confident it will revisit sometime today during market hours).
Straddling losses works well for your broker, I guess.
What a shit show.
Ah, proabbaly the immediacy of the late night (7:00 or something round-abouts time of their announcement) gives way to the true light of day of the global weakness of which this move forebodes.
Upon further reflection, this should give Janet another excuse NOT to raise US rates. Remember, she's being ever so altruistic and worrying about the global economy (Last excuse .... prolly can be used for a while.)
Dude! Do not employ Victorian speaking style when unable to spell. It makes you look...
The bottom is in.
Don't bite the Fed.
The FED must be planning to destroy the world...as it is sos obvious to the most causal observer that Zero Rates destroy economies over the long term. Ask Japan!
Bearish for all markets but stocks are still riding the thermals...
My plan for gold before this morning's opening was to buy on Monday. I never chase markets, so I thought I might need to alter my plans, but the reversal suggests otherwise. As for my short position in stocks, I'm riding the loss for now. Not trading today...market discipline requires a timeout.
If you're buying gold under the expectation that it will provide you with future USD denominated wealth, you're doing it wrong.
i think you mean FRN wealth. we may one day have yet again a USD
It's called deflation. Look into it.
I don't know how screwed China/Russia is relative to how screwed the US/EU/Japan is.
Neither do you.
And despite the implication of this article, neither do the Chinese, Russian, US, EU, and Japanese economic authorities.
If it were possible for them to know it would be possible for central planning to work. Inasmuchas central planning defeats price discovery, which in turn makes it impossible to guage the relative value of wants, needs, and products...it is not possible for those authorities to actually know the real status of their economies.
The attempt to centrally plan economies via monetary policy has a legacy, and that legacy is economic blindness.
That blindness is universal in proportion to the central control exercised.
So, sorry, Vlad isn't a savior, nor is Xi. Not 'The Bern', nor 'Trump'.
If there is a savior, it must be you and me.
well said!
I don't think it matters much.
http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WARE...
The supply pop from 2011 to 2015, I am pretty sure, was the contents of a certain well known supply being "borrowed". Now that is gone. If supply and demand did't matter, they would not have had to do that.
Big deal. One reserve is down 1,500 tonnes, that's not much.
In that same period, 2011 to 2015, there have been 10,000 tonnes of new gold mined. Bugs don't put the big picture in prespective. Over the next decade, there's going to be ANOTHER 24,000 tonnes mined and ADDED to the gold stockpile.
For the price of gold to be maintained, there has to be a market for 2,400 tonnes of NEW gold per year.
While I said nothing about gold, it is the same situation. It is a big deal. You look at a ticker and think there is meaning there. There is none. 2400 tons of gold would not pay for one month of QE--And that is before it gets leveraged up 10 x 1. I am not interested in arguing this. I know has happened, and what will happen. I am not trying to convince you of anything. You think that because there is one ounce for sale, then it is all worth zero. I think that because there is 18 trillion in US debt, all paper is worth 1/100th of its current purchasing power, and the bankers will commit fraud they can to last another day. That is just the way it is.
While I said nothing about gold
WTF are you talking about? Your entire post was referencing gold, including your link. You only didn't mention the word "gold".
As for 2400 tonnes, again your comment is entirely meaningless. That new gold is SOLD by the miners, meaning someone has to BUY it. Has nothing to do with QE money creation or "paying" for QE.
You think that because there is one ounce for sale, then it is all worth zero.
????? And what does that mean?
Been into the sauce early this morning?
No they don't. The link does not reference gold. The post does not reference gold. All the gold produced every year does not equal 1 month of QE. 1 month of QE is equal to 5 years of silver production. No matter what you think, history will repeat and paper will die. All the analysis I do merely indicates it won't be very long. It is not a question of "if".
And like I said, I am not interested in arguing it. I already know. Compounding hyper inflations or complete currency failure are all that is coming. I don't care what you think. I don't care what the bankers try to do to stop it. It is not my job to convince you of anything. You can just experience it like everyone else who didn't do the math or read a history book.
The link does not reference gold.
Big deal, it references SILVER. Same thing.
As for paper? It's NEVER been an "investment" it's simply a medium of exchange. You have the typical bug attitude. A false argument that somehow PMs are the same as currency and therefore currency is useless.
PMs are COMMODITIES.
Compare that to the amount of fiat paper printed during that period.
China is printing like crazy. That story gets little play.
I don't feel no ways tired.
This is BIG! Feels like everything is about to crumble. ...5, 4, 3, 2, 1 waiting for the S&P to reverse down too.
And gold just crashed like $20. No manipulation here, obviously.
nope, just a strong dollar realtive to other currencies and away we go! Yeah, buy stocks!
during a depression all prices should fall especially metals that have little practical use
http://i117.photobucket.com/albums/o53/Moodydoody/grinmonkeywhammer.jpg
pre06.deviantart.net/2f83/th/pre/i/2010/099/1/d/max_monkey___monster_masher_by_quibly.png
Not going to pretend that this arrogant manipulation of the paper gold and silver market does not bother me. In fact I am f*cking sick of it and totally ready and prepared to go f*cking medievil on someone's ass. It really bothers me to have my own government engaged in working against my best interests and spending an unknown amount of my tax dollars to do it. Yes, I know that the BIS does much of the dirty work along with our NWO corrupted "private" bullion banks.
Putin has the right idea for a good start by issuing arrest warrants for Rothschild and Soros. Iceland has the right idea with prosecuting Rothschild bankers.
Since most knee grows do not own gold, our POS government will never do anything to stop this manipulation or audit the FED or anything constructive.
Lastly, you f*cktards that say this does not hurt because you keep stacking or because you have not lost any ounces or that you never considered gold to be an investment....................I think you are actually self deceiving pussies.
I admit I'm curious about the timing of this, today's King Kong-sized monkey hammering. Why now, particularly? Mr. T. Ferguson claims to know the answer to that, but of course he won't say for free. Does anyone else know who *will* tell us?