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Traders Are Buying The Other "Fed Policy Error" Hedge
What else do you buy when monetary policy failure concerns loom...
As Kyle Bass once so eloquently noted, "buying gold is just buying a put against the idiocy of the political cycle. It's that simple." It would appear between The Fed and the presidential campaign's debacle, now is the time.
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so once the casino manipulation machine gets into gear we'll see fakegoldprice down to 900s?
i'm heading to vegas this weekend, can't wait to see if the pawn shops have any phyz for 5%-over-spot like they used to...
Policy Failure, eh?
Let's try Monetary Failure for some real fun and games.
Yes, we all know what the outcome of such "let the majority eat cake" monetary experiments are. This time will be no different.
But they're NOT buying Gold....they're buying bits of paper, letters and numbers on a computer, that says they've bought Gold!
The fraud lies in making people think they are buying gold when they actually are placing a cash side-bet with a bookie on the price of gold, which is not the same thing.
In the infamous words of Otter, you fucked up, you trusted us... But their heart is in the right place...
Yawn. Yet another bottom call in Au.
Off a new cyclical low no less (or is this downmove secular).
Yeah, this is no bottom. Next big low within the next month could be. Dec. 17th has potential to be gold liftoff.
So far double bottom, the tribe has thrown everything at it and has rebounded....fed reverse speak, rate hike talk, gold is barbaric, dumping naked shorts, yada yada.
The bounce was inevitable, I mean fresh shorts were loading up which in itself was hilarious.
Short Fed.
GC = Giant Cunt?
Can be smashed back down with little effort on their part.
Don't worry, the PPT is on it. This "problem" will be fixed.
I wonder what their balance sheet looks like...
i buy gold at 800+peanuts
http://photos1.blogger.com/blogger/6254/1580/1600/Golden%20Finger.jpg
http://strangecosmos.com/content/item/21.html#theContent
Paging PPT..Your needed on the floor
Mop up needed on aisle 1083. Bring hammer.
If Trump wins the GOP nomination he can ask Sanders to be his V.P. and defeat Hillary in the election.
Trump will announce the return to the Gold Standard/Silver Certificates and Sanders the debt jubilee.
...and Lloyd Blankfein becomes Sec of the Treasury...
Ringle, ringle, (real) coins when they jingle, make such a LOVELY sound!
(It's getting close to that season)
You know it's bad when ZH resorts to highlighting spastic intra-day spikes of no technical significance in the price of gold as evidence of the coming surge in gold. It's desperate and tragic.
I pity the poor fools who loaded up on gold coins in 2011. When they finally give up and try to sell the crap, not only will they realize crushing losses on it, they'll have to drive two hours to visit the one pawn shop in the county willing to buy it. That's assuming we don't have a zombie apocalyse. If we do, they'll learn that heirloom vegetables, EMP-proof vintage tractors, spare parts, land in unpopulated areas, etc., are far more valuable than their gold.
I have 4.82 moles of Au bitches. I think I'm going to make a golden knife with it. It willy be magical.