Gold Spikes On Massive Volume After Trump's Fed Chair Comments

Tyler Durden's picture

The Dollar index dropped and gold jumped as President Trump told reporters during a meeting with the prime minister of Singapore that he was "very very close" to a decision on who would be the next chair(person) of The Fed...

Jerome Powell continues to be the front-runner...

In a span of five minutes, 18,792 gold contracts, each representing 100 ounces of the metal, traded on the Comex at around 11:55 a.m. in New York - this represents around $2.4 billion notional of sudden buying-panic...

 

Pushing the precious metal above its 100DMA...

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LawsofPhysics's picture

Yes!  Jump you fuckers!!!

"Full Faith and Credit"

 

same as it ever was...

Raffie's picture

don't worry, Gold will go back down to where the powers like it to be.

LawsofPhysics's picture

paper gold, yes.  However, all of my ounces will remain just fine.

BullyBearish's picture

"currency" is control...don't expect they'll give it up willingly...

VWAndy's picture

 The stall and barter. Thats the best way to rid humanity of this madness.

BaBaBouy's picture

Thump Was Warned ...

Tweet all U Wants... Butt Don't Ever Tweet About GOLD.

rcintc's picture

Any chance for a surprise Ron Paul Pick?

Ron_Mexico's picture

L-O-L.  <as beverage spews from his nostrils>

The Wizard's picture

That is my question, where is Ron Paul's name? You would think if Don is serious about draining the swamp Ron Paul would be the next head of the FED.

Maybe he'll surprise us with his pick.

eclectic syncretist's picture

He's sure to pick either Hew Lett Packard or E.P. Son.

Squid-puppets a-go-go's picture

can u imagine? There's still $2.4Billion even available in suckers who think the paper price will respond organically to risk and volatility?

thinkmoretalkless's picture

That would be EPIC...as big a shock as election night...fear would be in the air...thick as fog rolling in off SF bay

Mr. Universe's picture

Fog rolling in off SF bay? The fog comes in from the west (Ocean) not off the bay (east). Where I grew up in South City the fog would roll in over the slot in June and stayed all Summer. When I lived out in Pacifica I feared for my life driving home some nights, almost as bad as the Tule Fog out in the valley. In fact I think those that need the fear you are talking about should join an early AM test of Teslas autonomous systems in heavy Tule fog, the kind Elon wants his new workers to commute through...

Max Hunter's picture

Like it matters... give me a break.. FED chair or not, if GOLD price needs to be low, it will be low.. 

spastic_colon's picture

and IBM is down almost 1% today and oddly the market is not..........its a thinker

Ron_Mexico's picture

they got their sythetic pop out of IBM last week. Moving on . . . . .

jerseychris's picture

Yup.  And a coment by Tyler is a sure sell signal.  As reliable as Gartman.

nsurf9's picture

Only American citizens should be in control our money. No one should be unconstitutionally empowered to devalue, at their will, all the sweat, tears, blood and work we have done to honestly earn it. And, everything they have taken is STOLEN PROPERTY and fruit of the poisonous tree. 

 I agree with Henry T. Ford - there should "be a revolution before tomorrow morning" - if not this very second!!!

Meet the original charter members of United States Federal Reserve (Central) Bank and the biggest thieves of your money and mankind has ever witnessed. All of them are Rothchild and half of them are not even American.  

Rothschild Bank of London, Warburg Bank of Hamburg, Rothschild Bank of Berlin, Lehman Brothers of New York*, Lazard Brothers of Paris, Kuhn Loeb Bank of New York*,Israel Moses Seif Banks of Italy, Goldman, Sachs of New York, Warburg Bank of Amsterdam, Chase Manhattan Bank of New York

Aren't you curious why you don't know this?

RabbitChow's picture

Since American citizens aren't in control of the dollar, we'll just keep up buying that bitcoin until we are.

Nobodys Home's picture

Party at the Jekyll Island Hunt Club!!!!!!!

abyssinian's picture

wow, massive jump of $2!  nice! now I am only down $450 per oz.... 

Quinvarius's picture

I hope it is someone who knows economics this time.

FreeShitter's picture

Problem with hope, its not a sound strategy.

Max Hunter's picture

"Hope is employed when control is lost"

dk

Barry Madingo-Odongo's picture

Ey, I used Hope when I campagned and I won:

- Hope

- Change

- Yes we can 

Scuba Steve's picture

well he didnt finish the sentence ....

"Yes I can take it up the ass from Reggie for beautiful monkey luv when Michael is not around .... kenyan daddy like it dat way"

0valueleft's picture

Hope is what people, who aren't willing to do anything, use to try and solve problems.

Hope makes nothing happen.

FreeShitter's picture

I agree and neither does voting.

Giant Meteor's picture

How about change? Brother can you spare a dime!?

"Ain't got no change ..."

;)

FreeShitter's picture

Or can u spare a cig, I dont even smoke and get that one alot.

U4 eee aaa's picture

It's not so much knowing economics but doing them.....and for the right group.

spastic_colon's picture

meet the new boss..........................?

eclectic syncretist's picture

Not much chance in hell it'll be Yellen. Trump would lose too much of the kind of cred that got him elected and continues to support him if he did not fire her.

FreeShitter's picture

The pres works for the moneychangers. Not the other way around.

Ben A Drill's picture

Pick me, pick me. Sorry that job has been eliminated. I didn’t want that job anyways.

VWAndy's picture

  Why do they still exist? Oh yea thats right. They exist to fund all the stupid.

  On that note. Darwin effect would solve for stupid pretty fast without the fiat.

mily's picture

Is Jerome member of the tribe? couldnt find this info

E.F. Mutton's picture

If not, he's in for a painful procedure and a funny hat.

syzygysus's picture

2 buck jump?

 

a jump would be $2000.

Ben A Drill's picture

Waiting for a $25.00 jump in GDXJ in one day.

Giant Meteor's picture

Hell, the shark has jumped the shark ..

Juliette's picture

Oh, tell me how much it jumped, a dollar from 1280 to 1281?