Gold Enters Bull Market

Tyler Durden's picture

For the first time since the highs in 2011, Spot Gold has entered a bull market. Now up over 21% from the early December lows, Gold is trading at 13-month highs and outperforming all other asset classes amid the descent into negativity by global central banks...

 

 

Charts: Bloomberg

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kliguy38's picture

Great move Buttfox.....you bot DGLD at the VERY BOTTTOM OF GOLD...howz that DGLD wurkin' out for ya?

Slomotrainwreck's picture

Meanwhile, JNUG is up from 20 to 75.

Pladizow's picture

Does this negate retesting of the lows?

beemasters's picture

That's one scary chart!! Every instance that gold went up was followed by a gradual fall even lower????

Is ZH inadvertently warning us the worse is to come for gold?

Moski's picture

Dollar enters bear market?

KesselRunin12Parsecs's picture
KesselRunin12Parsecs (not verified) Moski Mar 3, 2016 6:23 PM

The US Bureau of Engraving & Printing will sell you, for $45, a 5 pound bag of $10,000 in shredded bills.

dochood's picture

So will your next door neighbor, by, say, six months after the election.

pakled's picture

I have come to the belief that both could go up simultaneously.

 

KesselRunin12Parsecs's picture
KesselRunin12Parsecs (not verified) Mar 3, 2016 6:21 PM

Technicals mean nothing when you just go the 'other way' on any Gartman trade.

Pareto's picture

Gartman - better than any P & F or stochastic chart - hands down!

Spungo's picture

I fucking knew I saw a penis.

Kaiser Sousa's picture

today the post man delivered some Silver & 2 of the last 2 1/4 oz. Gold Maples from APMEX & Canada's now empty Gold Reserves...

how fucking great is that???

Bankers- want a bunch of Maroons.....

rahtidmon's picture
rahtidmon (not verified) Kaiser Sousa Mar 3, 2016 6:51 PM

The moneychangers will pay when the ponzi fails, and fail it will, how and when it happens, I will leave to the sages.

Deflation first then stagflation? just a hunch, you'd think hyperinflation first with all the money printing, but it is digital, and can go to a black hole quick enough.

Haraklus's picture

Inflation requires velocity of money.  All that printed money just went onto bank balance sheets since it was used to buy government bonds and increase reserves.

 

The little of it that did go elsewhere got filtered through the capital markets first, where it created inflation of more than 100%...in the capital markets.  Before the QE, prices for equities and so on were much lower than they are today.  Now they are much higher.  It's not a coincidence.

 

The reality is that we have a forked society and a forked set of prices.  The prices for people who live short term (commodities, labor, manufactured goods, etc) are being held fairly steady.  The prices for people who want future security (stocks, real estate, bonds) are being inflated like crazy.

This is all intentional.  Modern economics is mostly a grand game of buying social stability from people who would otherwise be rioting.  It enables the ruling and productive classes to make a mild profit off of people who would otherwise be draining them of resources.

 

Where it gets messy is a time like today where people aren't being separated by competence, willingness to delay gratification, etc -- people who want to control their future -- but instead being separated by whoever was holding assets that inflation bled into.

There are still ways to win, of course, it's just that both the difficulty level and the stakes are much higher.

rahtidmon's picture
rahtidmon (not verified) Haraklus Mar 3, 2016 8:01 PM

oh yes just look to the illegal fed balance sheet, full of worthless MBS and DEBT (bonds...)

The casino has been fed (no pun intended) by the carry trade, borrow ZIRP make bank, rinse and repeat.

In a ponzi you have to have more suckers come in at the bottom, every new shift, wink wink!

Petro dollar is a doller in the form of mob protection, backed by NOTHING, but war, and threats of war, sick of it, and I am a conservative.

Fiscal insanity, dont get me started.

Ok the joke is over, where is the Constitution?

Sic Semper Tyrannis

xrxs's picture

Going to be an epic battle tonight at 3AM? edit: Might stay up to watch.

abyssinian's picture

Every $10 down on oil price saves gold each major miner around $40 million in mining cost! buy the GDXJ and GDX, they will triple in no time. 

Kaiser Sousa's picture

they r already at it...

what the fuck is this all about?????

http://www.livecharts.co.uk/MarketCharts/silver.php

o r c k's picture

Bizarre--looks like it fell into the Grand Canyon !!!

e_goldstein's picture

Algos filling orders. Three minutes later it went back up.

Nothing to see here, move along.

rahtidmon's picture
rahtidmon (not verified) e_goldstein Mar 3, 2016 7:56 PM

What's in YOUR ALGO?

Bay of Pigs's picture

You want to see gold in a bull market all you have to do is pull up charts in the Real, Ruble, Rand and Bolivar. Aussie and Canadian Dollars, Peso, Pound are all moving substantially higher too. Not to mention people living in places like Libya, Syria and the Ukraine.

USDX hasnt made a new high in a year. The US Dollar is not getting stronger.

 

rahtidmon's picture
rahtidmon (not verified) Bay of Pigs Mar 3, 2016 6:49 PM

Correct! It IS the cleanest dirty shirt in the laundry, however!

1000 splendid suns's picture

The most resistant sky diving suit.

Moe Howard's picture

However, the laundry is on fire and the fire department is on a wildcat strike.

Tinky's picture

You ain't seen nothin' yet, to coin a phrase.

jomama's picture

If this article is true, then it's signaling a leg down.

iggenFlot's picture
iggenFlot (not verified) Mar 3, 2016 6:31 PM

Gold is a filthy turd. A pox on you all! Only fiat can quench the animal spirits!

Only fiat!

FreeShitter's picture

Hello, you dirty little heeb.

rahtidmon's picture
rahtidmon (not verified) iggenFlot Mar 3, 2016 6:47 PM

That HAS to be sarcasm? If not, LOL, I will be wiping my ass with my fiat, and buying your house with my gold.

Have a great evening sheep!

Haraklus's picture

He says, "a pox on you all", and you are not 100% certain it's sarcasm?

rahtidmon's picture
rahtidmon (not verified) Haraklus Mar 3, 2016 7:54 PM

I swear, I was asking, I found it to be incredulous? Some people can pull that off ya know?

alphahammer's picture
alphahammer (not verified) rahtidmon Mar 3, 2016 7:36 PM

 

Funny. I know a guy that says "why buy gold now? If the SHTF, I own a modern armory. I'll own all the gold I want"

Capisce?

Moe Howard's picture

His head would be on a pole right away. As a warning to other morons.

rahtidmon's picture
rahtidmon (not verified) Moe Howard Mar 3, 2016 7:53 PM

Ever read about Vlad the Impailor? Look him up, fitting, eh? LOL

rahtidmon's picture
rahtidmon (not verified) alphahammer Mar 3, 2016 7:52 PM

Bring Guido and all comers BLM, FSA, ISIL, they won't get too close, to me that is.

Live free or die for it, if it comes to that.

alphahammer's picture
alphahammer (not verified) rahtidmon Mar 3, 2016 8:56 PM

 

"Live free or die for it, if it comes to that."

If thats how you want it.  He's ex Delta. He runs the range where I shoot. Proceed at your own risk -- and trust me, that "risk" is considerable...

rahtidmon's picture
rahtidmon (not verified) alphahammer Mar 4, 2016 1:34 PM

Hey alpha, I can be quite the badass too, I won't say how it came to be that way. However, if he is more badasser than me, so be it, he can have my gold/lead/etc, I will be in a better place my friend.

Bemused Observer's picture

Well, I don't know...I think the folks accumulating gold and silver now are pretty much ready for his armory.
At the very least, they will make his road to ownership a little rocky.
Anyone thinking they'll just help themselves after a SHTF scenario should plan carefully. These days, I don't think people are having any...they're just not in the mood, and there are a lot of 'armories' out there...capisce?

People trying to pull that nonsense will have short life-spans, so tread carefully. Most people with enough to be worth stealing have already taken guys like your friend into account, and have planned accordingly.

HRH of Aquitaine's picture
HRH of Aquitaine (not verified) Mar 3, 2016 6:32 PM

Buy moar silver bitchez!

devo's picture

Poor Canada (literally).

rahtidmon's picture
rahtidmon (not verified) devo Mar 3, 2016 6:45 PM

I see what you did there, they are devo!oid of gold....nnnnnnnnnn nununun nahhhhh

Linglishboy's picture

They did audit the fed yet ? NO...for 20 years...where's your gold ?

actionjacksonbrownie's picture

Kanada will be fine. The child king is bringing in carbon pricing for all, and that can only mean Kanada will be a beacon to the western world when it comes to progressive monetary policy. Watch as the Kanadian economy takes off as Kanada becomes the number one carbon producer in the world!

 

Just a sec... I think al gore is at the door...

rahtidmon's picture
rahtidmon (not verified) Mar 3, 2016 6:44 PM

Yes my precious! heheheehehhehe

clingclangclunkthunk taptaptap stackstackstack

Silver too mateys! Aye

Now there may be a huge spike then down, just like everythig else, paper to 0, that is zero, but gold/silver/junk will hold some value, A HEDGE is what it is, and the day comes for its revival.

pinggggggggg

devo's picture

Silver has been underperforming gold by over 100%. Pretty odd because it usually leads gold by around that margin. So either gold is overpriced, or silver is a great value. I'm thinking the latter.

rahtidmon's picture
rahtidmon (not verified) devo Mar 3, 2016 7:09 PM

I agree, silver is historically 16-1 au, so a bargain.