Gold Jumps To $1255 As USDJPY Pumps'n'Dumps

Tyler Durden's picture

Business as usual this morning. In order to sustain the dream into the US Open, USDJPY was ramped - running stops to 108.50 to ensure the smoke-and-mirrors gains on another Italian bank bailout rumor enable just the right amount of reytail traders to get muppeted.

 

Once the open struck, USDJPY dumped sending Gold soaring back above $1255.

 

It appears Goldman's "dubious advice" to sell gold was indeed "dubious" after all.

 

But it's not just Goldman, here is The Wall Street Journal last Sunday...

 

Hmm..

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Takeaction2's picture
Takeaction2 (not verified) Apr 11, 2016 9:07 AM

Whens the Fed meeting with Obammy?

MillionDollarBonus_'s picture

This may be your last opportunity to get rid of your gold before the great gold crash. This bubble popped a long time ago, and I doubt we will have another dead cat bounce before tumbling to new lows. I'm begging you to listen to me - don't be one of the bag-holders who ignored my advice when we were trading at the highs - it's not too late to save your money!  

https://accredited-times.com/2016/04/11/diversifying-americas-demographi...

Dr. Engali's picture

Okay, sounds good. I never went wrong following your sage advice.  

WordSmith2013's picture
China’s Market-Shaking Gold Strategy Rocks Anglo-American Financial Domination

http://stateofthenation2012.com/?p=31621

"The whole gold price-fixing game is over"

 

El Oregonian's picture

In a world filled with lies; it is refreshing to know that Gold and Silver are still being vilified.

Keep stack'in...

HenryHall's picture

Silver is hugely outperforming gold this morning.

Which is as it should be.

Slomotrainwreck's picture

Gold jumps up 1.5% while Silver languishes with a measley 3.0%

edit: /s

 

Bill of Rights's picture

MDB says sell gold everyone, he's just here to help save us all...

Sokhmate's picture

Whenever MDB leaves a comment, ZH should display 2 green Up arrows, not one up and one down. Then we get to up his comment or up his comment.

cats rule's picture

every indicator disagrees with  you 

gold is going up up up

bobsmith5's picture

You just love those down votes don't you MDB?  The more you get the more you love it.  It's your psychology isn't it MDB? If you didn't get the negative attention you would not be happy.  You know damned well you are not going to convince anyone here to sell.

MDB you will never convince anyone because you will never understand the mind of a Goldbug, nor will you ever understand the historic facts that causes us to buy it to protect ou life savings and insure some kind of retirement.  That's 5,000 years of history MDB.  Does your context of knowledge include a history that long?  I know it doesn't.  You are massively ignorant MDB. 

Why do you waste your time on here MDB?  Do you laugh at what you perceive to be ignorance on our part?  You do it for the laughs don't you MDB? I don't go to HIllary Clinton worshiper sites because I know it would be like talking to the mental equivalent of cockroaches.  You just can't communicate with total irreversible mind control. But, in your case MDB you just can't refute 5,000 years of gold's history.

 

HopefulCynical's picture

It's SATIRE.

Take a breath, dude.

bobsmith5's picture

Have you been to the MDB website Accredited Times?  People commenting in the form of satire do not create whole websites expressing their views.  I suspect this moron could be serious.  Such people exist you know?

TungstenBars's picture

He might just be the most persistant troll ever. 

I read the article he posted above, and it is so over the top i doubt it is real. Ever sentence ends in a tone of satire of liberal psychopathy. 

 

Sokhmate's picture

No he's not a troll. He's a Sarcasmonaut that runs on RTG

TungstenBars's picture

My mistake, I meant sarcasm. 

It is clear cut once you see his reponse to people on his pages. Sarasmpalooza

Bemused Observer's picture

Hmmm, let's see...do I take your advice? Or do I listen to 6,000 years of human history?

What are you, maybe 30-40 years old? Seen a lot, have you?

Sorry, I think I'll go with the 6,000 years...

BigDawgz's picture

Which probably really means "8am....but we need until 2pm to ensure everyone has their scripts memorized before we talk to anyone."

Dr. Engali's picture

Just looked in the safe and my gold is just sitting there..., doing nothing. Fucker refuses to jump.

RadioFlyer's picture
RadioFlyer (not verified) Dr. Engali Apr 11, 2016 9:09 AM

Probably next to that scary black rifle, sitting there, doing nothing.

Dr. Engali's picture

My black rifle got up this morning,went to the closet, loaded itself, dressed itself in moar black, and decided to go off and terrorize some civilians in a gun free zone. I can't control it, fucker has a mind of it's own.

new game's picture

mine(very short version-357) shot a coffee cup that the handle got broken off, at fifty yards. one shot, poof, cup gone.

still works, feedback loop of confirmation that all is good!

scatterbrains's picture

150' with a snub nose?  Not bad at all.

NoDebt's picture

Yeah, but can your gold pay you negative rates like half the world's coolest government bonds can?  No, it can not.

Dr. Engali's picture

Meh, who cares? DOW's up. Buy stawks.

NoDebt's picture

"In case things go well you should own some stocks.  In case they don't, you should also own some bonds."

- Fonzannoon

Dr. Venkman's picture

How is Fonz. He still must be enjoying the DB chart.

NoDebt's picture

He's doing fine.  Still reads ZH from time to time and we have a small group that stays in touch with eachother by email.  Some stuff is just impossible to discuss on ZH- it just gets lost in the clutter or polluted by others chiming in with irrelevant comments.

Bemused Observer's picture

I have several ounces round my neck right now...looks good, and feels good too...

And the seasonal sales are starting up again...got another 7 grams this weekend. Price? One dollar...

The masses have NOT caught on yet. If I can repeat last year's buying spree I'll be ready for whatever...

NoDebt's picture

Overheard at the Fed:  "Janet, I HAVE been pushing the Gold-Slam button at 7am, same as always.  No, I don't know why it's not working any more.  I think we should get I.T. in here to look at.  It's like this button isn't connected to anything any more."

NDXTrader's picture

Is ZH not going to state the obvious? Likely negative GDP print + Irregular Fed Meeting = Back to ZIRP

NoDebt's picture

That's about all we've been talking about since the meeting was announced late last week.  I recall my comment (by luck, top kick in that thread) was something like "QE4!  Finally!  And NIRP, too, if we're lucky."

NDXTrader's picture

I'm not talking about the commenters - I've been saying the same thing given that $ and $wti traders seemed to know weeks ago

Racer's picture

And apart from stealing from the poor and enriching the rich what has ZIRP does after all these years? Err, yeah,.... but the poor and new poor and destitute haven't got anthing left now

Heavenlysunshine's picture

The Chinese dragon is shitting on the American eagle and buying physical gold.

Who can blamer them!

MFL8240's picture

Those people who listen to the Jewish Wall Street Sewer and sell Gold here should destroy that company when the sytem implodes.  Shit company run by a group of shit people.  Cruz included!

Stu Elsample's picture

...and gold will be back around $1200 by the end of the week. The bankers will make sure of that.

scatterbrains's picture

They're going to have to print first so they can conjur the funds to short gold futures.. wait does the fed's agent even need margin on their trading accounts? Their word is their bond..  er I mean their control P button is their bond right?  Easy as blowing out a birthday candle to send paper pm markets lower no?

pob's picture

Zh chat still not wroking I see :(

samjam7's picture

Tough times, tough times :(

Dave Thomas's picture

Maybe it's time to go back to IRC?

samjam7's picture

Dave you haven't been around in a while I have to say. Well yeah I'm hopeful that this is a temporary 'hiccup'. ;)