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Gold & Silver Jump Ahead Of Fed On Concerns About "World's Most Crowded Trade"
Is this supposed to happen on the day the Fed's rate hike is "boosting
confidence in the economy" and telegraphs more gains for the dollar?
Or perhaps these are just early hints that the world's most crowded trade, being long the USD, is starting to crack?
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Funny, mine's just sitting there..., motionless. Doing nothing... Jump you fucker!
Don't worry, they asked the Fed how high?
and yet gold is still under $1100 and silver under $14
No rate hike. There's probably been a leak. PMs goes up.
And tomorrow's headline...
"Gold & Silver Slammed After Fed Announces No Rate Hike".
Gold and silver will be slammed come what may, this is just luring longs in before the kill.
Gold 1050 by EOD.
The world's most non-crowded trade: https://localbitcoins.com
Pure manipulation. This happened at the opening of the NYMEX and follows the similar (reverse) pattern of the obvious slam downs.
Now why slam it up on the FED raise day? Because it reinforces the narrative that Gold is not a hedge for a weakening $. The sheep must be trained.
The financial sociopaths have slammed gold and silver for so long because their revenue streams dry up if too many folks cash in their chips and walk away from the Wall Street casinos. They don't care what paper promises you bet on, as long as you stay at the tables.
Dropped 5 dollar in a minute, they don't even try to hide it any more.
A minor hike of 15 bps or "beeps" followed by a year end reversal to get the Satan Clause Rally.
I got my eye on you, and my monkey hammer is on-the-ready.
Our trading desk will smash PMs back to negative when they announce my quarter point spike in rates.
So, as I tell ol' Henry Fellen, get long, but not too long, granny can't take it like she used to.
I can't see it. I can't touch it. I can't taste it. And I can't hear it.
But mine too is sitting there, in its safe place, and I know it is there and it gives me comfort that I have some real wealth in this world.
Gold Bitchezzz!!
Mine just moved.
Scared myself to death as I'd forgotten how deeply it was buried.
Oh... that would not be fun. Glad you remembered.
A great of bitching was heard,by me first,then by Lady C who had to shift several cwts of silver
while i carried the Au.
There will be many stashes and probably already are that will never be found because they are hidden and the hider has died without anyone's knowledge of the hidden treasure.
After I crash the currency, I hope your gold is soft enough to swallow, since you won't be able to afford a loaf of bread.
idiot.
I thought mine would float......
lemme guess? Another ZH "boating accident"?
<annoying donkey noises>
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THIS GUY ^ "TheBeatles / Eurgold" is a scam artist. Send him your hard earned at your own risk. Hi Shane!
https://www.youtube.com/watch?v=mREGokhrInk
Watch the monkey hammer at work today......
We........ must.............not...........lose............control
I've been hoping for this.
For over two and a half years we've had to listen to non stop gibberish about the Fed raising rates. I think it is good for precious metals because the dam behind the most inflated market ever is about to burst and people may start seeking safety. There will finally be an alternative to stawks.
Reason 2- ZIRP was deflationary. Inflation is dead in an economy where they couldn't give away loans. Still think these pussies make a couple of nominal hikes to 1% or so- realize they can't do anything else- and that will be it.
That's a huge jump! /sarc off
A ~$5 move in gold is nothing.
Question: Would I sell my gold because it went up by 5 federal reserve promissory notes?
Answer: No, no I wouldn't.
:)
It might depend upon the denomination of those federal reserve promissary notes :-)~
It is when every central bank on planet earth is short a couple billion tons!
This is the new monetary universe I was just talking about.
Everything you thought you knew about the relationships between currencies and interest rates has been turned on its head by the "giant dusty vagina"* at the FED.
*I stole this from a recent poster whose name I can't recall
The Bernank has a vagina?
The Bernank is a vagina.
Ever since the "skull and bones" initiation, The Bernank has not thought about human vagina ONCE!
duplicate
He has just never been filled.
Thats no jump, thats hype.
The first move to $50,000USD starts with a $5 move up.
Doubtful. No, a move like that in the face of systemic manipulation can only occur with the breakdown of that system.
The First move up will be a little more wild. Maybe $500, maybe $5000. It will look a lot like the famous scene from Rollover: https://youtu.be/KUsj7EdZigM?t=274
"By tonight, that'll be cheap."
The crowds haven't changed, but the use of force & tools on the other side have "IMPROVED".
Flight from junk... who's skeered?
I'm NoT sKeErreD!
I'm long on silver and gold. It will be some years before this finally shakes out. Until then, I just look at this as the buying opportunity of my lifetime.
-Argenta
I'd say less than 18 months. Maybe by the end of the week or end of the month. All China has to do is announce they have 26K tons of Au or Saudi's announce they will accept all major currencies for oil.
Woke up and was hoping to buy a couple tubes at a 12 handle.... WTF?
Las Vegas Casino just shifted to Financial Markets
Its GAMBLING Bitchez
"Bitchez" is for the young and very dumb who want to sound so "cool". Sometimes we have to just accept people for who they think they are.
'Asshole', however, is a word for all seasons.
Just added 75 napo's to the collection
the window of opportunity for some Black Swan that Janet is hoping for is rapidly closing
Wondered why I was seeing gaps on currencies. TY ZH.
The Gold 5 year chart
http://orig02.deviantart.net/2c4e/f/2015/027/2/0/untitled_drawing_by_fro...
+1 Lol, that's funny.
that chart...purely driven by sound fundamentals. ;-)
That is representative of the Global warming data models, the FED models, the Keynesian economic models, Obama's policies and any other chart/model porn you can think of...very good!
If I was a Chinese ..I would be buying gold as the Yuan devalues....hand over fist..
They are gonna run it up and smash it big time at 1:00
Was trading Commodities back in the early 80s when Silver and Gold were way up in price.Silver was up to $50 with the help of the Hunt brothers and went down to the $20 dollar holding range for a while.When the Feds starting raising rates then, Silver and Gold crashed with Silver back to the 4 dollars range pretty damn quick.Granted they raise rates much higher then but beware.
yea, those were the good old days huh, when we actually thought fiat was money and the rest of the world thought we could actually pay off our debt without destroying the them too, times have changed son, a confidence game requires...wait for it.............confidence.
Funny, that if it gold and silver dropped by that much in a couple minutes, all the bugs would be screeching "conspiracy" and blaming everone from the Fed to the "invisible hand".
You've been trolling here for 27 weeks already? Man, it sure seems like it's been longer than that.
Says the guy who's lost money "investing" in PMs the past five years. And then calls those losses "insurance".
Says this guy also who hasn't lost anything until I sell. I call my holdings troll proof.
Your analogy applies to anything.
Those who didn’t sell their stocks in 2009 doubled their money since.
Those who bought metals in 2009, well as long as they don’t sell they’ll be fine… one day.
"Your analogy applies to anything."
No it doesn't. Companies go bankrupt, bonds default, currencies hyperinflate, even industrial commodities decay and have carrying costs. Even if they don't do that, your brokerage might pull an MF Global on you, or your bank could bail you in.
There is no ongoing cost to owning gold, save perhaps for some security.
Gold IS money. All that we are waiting for is the true deflationary wave (ie paper hyperinflation) that will bring its purchasing power back in line with reality.
I'm one of those guys. I'd also like to point out you haven't lost anything until you sell, and I'm not selling. I really don't get you fiat cheerleaders. I'd like to have an honest discussion with you about how you view this current currency setting.
-Argenta
I never said I was a "fiat cheerleader", you wongly assume.
Fiat is a temporary medium of exchange, nothing more.
Absolutely. Really don't understand the down votes. Guess most folks hate the truth.
You rightly state that most people hate the truth; Jesus.
"Who's the long haired hippy flipping tables and whipping my crew?" - Temple Money Changer Manager
"That's Judas' friend Jesus" - Temple Court Yard Trading Pit boss
3 days later...
Game over...
3 days later...
Re-Spawn...
Tell that to those in Argentina and Brazil; who wish they had their savings in PM's; the same is coming to this land in due time and some will be holding fiat and others will be holding PM's including lead.
The USD terms of PM's is not relevant; it is not the reason "bugs" buy & hold; it is to preserve purchasing power. For kicks I will try to give a simple analogy; 2 ozt's of silver filled a Jihads F-250 gas tank 5 years ago, 2 years ago, now and in 10 years from now (they may get a discount). The same USD cannot do that and when hyper-inflation spreads across this land...well I don't want to overwhelm your brain; just speak to a Greek, Argentinian or Brazilian.
You are comparing fiat with a commodity.
You also miss the point where I state I'm NOT comparing commodities to fiat. But your pea brain can't comprehend anything beyond your simplistic chant that fiat is worthless and gold is everything.
Here's a hint, in a WORLDWIDE crash, PMs will be worth a LOT less (relative value) compared to today. Tell us, if PMs are the ultimate store of wealth, then in Oct 2008, a minor worldwide hiccup, why did PMs go DOWN?
Aren't they supposed to go up as per your belief in the god of glitter?
Please, use your twisted logic and explain that one.
Do you have any concept of relativity, smart guy?
In the worldwide crash of 2008, stocks fell more than 60% over the next five or six months. Gold, less than 15% -- and that lasted barely a month before turning back up and surpassing its pre-crash high. On a relative basis, gold not only maintained its purchasing power (related to stawks) -- but increased it.
Why did gold go down AT ALL after Oct 2008?
Why has gold lost 40% the last 3 years?
If you bothered to read them, many of the comments above say exactly that.
Been watching for this for some time. GLD is gonna have some 'splainin to do when the paper holders start demanding the real thing in the inevitable vote-of-no-confidence that will have to follow Yellen's decision.Those who've bought their own lifeboats are not waiting to be told to 'stand and be still to the Birkenhead Drill'. They're bugging out right freakin' now.
The Fed rats poured a concrete box for themeselves, thinking it a bunker to hide in with their ZIRP, and now they'll break their teeth trying to chew their way out when they realize what they've actually made is a crypt for Keynesianism.
A Crypt for Keynesianism is like the Ark of the Covenant, right?
In a way. And recall from the movie what happened to the wrong guys who opened it.
The Fed raising rates will be just like the Pandora legend; what came out last was 'hope'...the worst kind. The kind that makes you think there's a light at the end of the tunnel when it's really a speeding freight rail with bad brakes.
Ah yes, that evil minx Hope. It makes the pennies in front of the steam roller look so shiny and pretty.
PS I'm enjoying the image of Krugman's face melting.
paper holders start demanding the real thing"
IN a realated note, Hell has frozen over.
GLD IS SETTLED IN FIAT, ITS IN THE CONTRACT.
My point is, many who hold GLD paper still think, despite a 300-1 ratio of paper to specie, that they'll get something besides fiat. They won't. And what they'll get will be worth even less than when they bought the paper. And that's a lot of angry people. And some of them have political pull.
Just the right time for the BRICS to announce their gold market is open for business. A market that is seperate from and not influenced by GLD. The Fed may find itself out-maneuvered.
GLD has nothing to do with COMEX. The ratio of paper to unencumbered physical in GLD is essentially unknowable and fairly irrelevant in any case. The contract says any physical held in the name of the fund can be hypothecated to unlimited degree. Worse, that physical is an unallocated asset of the bank, not walled off from other parts of the bank.
Thus, any physical to back GLD is effectively held by the bank at its sole discretion to help it hedge its cash exposure to GLD holders.
GLD shares will be settled in cash at spot gold prices, which is actually not a problem for GLD shareholders so long as the bank remains solvent. They can just turn around and buy physical in the spot market. The risk a GLD holder faces is the insolvency of the bank. Then he's screwed whether GLD happens to have any physical backing it or not. His claim on that physical is so low in the list of general creditors the bank owes, he'll likely get jack in the final settlement.
However, since we're talking about TBTF banks here, perversely GLD holders may end up OK and beneficiaries of government money printing, able to cash out of GLD with oodles of newly printed TARP2 money and able to buy in the spot market as necessary.
A lot of people are convinced the Shitstorm Troopers at the Fed are all set to raise rates, I'm not I think when you plant shit seeds you get shit weeds and the Fed knows it too.
The news is starting to leak out in advance of the announcement:
***Fed holds rates steady
***Fed announces QE4
Pictures (aka links) or it didn't happen.
Just a squeeze on the weak shorts going to fed meeting. Itll be belowe 1065 before lunch.
plebs needed on the long side, to help with downside momentum when they liquidate. will prob hit 1080 and then the fun starts
Going into gold on a day like today for safety reasons is the obvious thing to do. Which is why it feels like a dangerous thing to do.
Looks like the market will initially spike upward, then downward. Something happened in the MEXICAN IPC; it was +10K and now -400...something has broke.
http://www.bloomberg.com/markets/stocks/futures
Oil is down and gold is up, this is negative for the market; yet the futures are triple digit up. I smell massive profit day for the "insiders" aas they will have traders scrambling "up & down".
I'd say wait till 10 am to see how things are going or sit the sidelines; definitely keep emotions in check.
Looks like Satoshi is cashing in some more Shitcoin for gold.
You call that a jump ?
http://www.xe.com/currencycharts/?from=XAU&to=RUB&view=10Y
You can check out XAU against any currency, some of them are really frikin nice.
Dark glass ceiling intact at 1080.
This is a sucker play.
Nom quarter point increase.
Whatever happens, I'll have a reason to feel good.
USDX rising. Its not because of worry about "the most crowded trade ever". Likely a bull trap for 2:00PM. Look for $1060 to be decidedly broken by EOD.