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1331.75
Sorry, Timmy, Boehner, and Obama. No apocalypse. Better luck next time.
Update: 1326...
Maybe we spoke too soon.
Update: 1322...
Hmmm
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Silver 40.5
Gold 1608
$1610 is a coming! But don't worry, the tubes told me that gold is not money and that Benny boy can raise interest rates in 15 minutes to put a stop to Gold's rise.
I can't wait to cash out my SPY puts this week ;-)
Yawn, wake me when silver is 50 and gold 2000
I look forward to see how they price my 1700 gold jan calls tomorrow...yum yum yum
Gold at 1615 as I write this. Anyone remember rajat_bhatia saying earlier today that, "Here i'm again fellas, my gold shorts are gonna pay me big time tomorrow, when the market opens"
Something is in his shorts and it's feeding on his ass. I don't think Gold eats flesh so perhaps it's a ravenous Gold Bug infestation.
Wasn't he the dude who had a shorts-load full of copper the other day?
And was begging everyone to tell him what to do with it?
Hahahahaha...
I spotted that one too, now LMAO. Makes me think about the trolls screaming their hypotetical gold shorts targets around october 2010 (still waiting 1275?)...
D E L I G H T F U L
Is rajat_bhatia our new top calling troll?
When will you folks learn, that metals spotprices are paper prices - including all the consequences?
They can be whatever "they" want them to be, as long as the physical market doesn't desync for whatever reason.
That also means, that in spotprice there are no fundamentals - they want it to go up? It goes up. They want it to go down? It goes down. As long as physical doesn't desync from it.
Spot metal prices: Irrelevant unless you're buying or selling... doesn't say anything about supply/demand.
FWIW, and its probably not worth much, I think the PM market can be manipulated, especially silver. But gold is a different matter, and over the longer terms I do not think it can be manipulated very successfully if at all. And over the short term, silver is not manipulated, either. "They" have to be actively engaged, and I'm not sure they are right now. "They" can always ask for increased margins and silver will come down.
I think that manipulation can happen to the full extend of popular "believability" - that is: False information works, until it doesn't.
From my experience regarding curent society, it stops working when shit hits the fan.
Translated to metals: It can even over the midterm (years) be manipulated, until it becomes obvious that it is untrue (i.e. unability to deliver).
What that IMO means for spotprices, is that spotprices will be the lowest that people are willing to believe, without outrightly revolting (desync/decoupling).... and the transition from one to the other, may be rather sudden and harsh.
So, don't bet on fundamentals, except for scenarios where they are UNAVOIDABLE (in other words, default).
While it may be true that "they" are more careful about gold reaching this threshold, than they are about silver, that still leaves a lot of room for manipulation as long as the threshold of tolerance against bullshit, isn't reached.
Bottom line: Fundamentals wil only matter, when shit hits the fan. Everything before that, is just a matter of sustaining suspension of disbelief. And there is a lot of room in that, even if not unlimited room.
$56.97 per Gr = a movie with the wife. Whats playing? Why what else "Apocalypse NOW"
Gold $1,610
its transitory
That's right. It's a transition from a low dollar price of gold to a high dollar price of gold. See? Ben was right all along, and he'll let you know that a year from now!
Try $1615 only a few seconds later :)
<dup>
Do I hear 1318?
Watch gold :-)
Own gold. then watch it.
A pretty sight indeed.
Buy a gold watch...
Confiscation event!
To do that would require an admission that Gold (and Silver) IS money.
And that stops it... WHY?
Most people believe that, when the dollar finally does die, you'll see oil priced in gold directly! That, most believe, would be the final nail in the coffin for the USA.
Hence, it would be money, at that point.
I'm watching! 9 frn straight off the bat!
http://i1090.photobucket.com/albums/i371/fwiwfwiw/cce86127.jpg
BOEHNER GOP CALL summary: He focused on GOP unity, demanding spending cuts. No talk of compromise, instead call for GOP to stick together.
Silver: +.38 in under two minutes and climbing
Gold: +8.10 in under two minutes and climbing
Wasn't the only one watching the ticker, I see.
I'm sure the bad guys have their false rumors ready to go to counter any real price explosion. So, relax. Still a few weeks left.
Unfortunately, the big guys like JPM like this because once there is a debt deal the profits they take on paper silver/gold will make their quarter.
(presses fingertips together). Excellent...
If you see a dip, buy it out. If you see a dip, buy it out.
I silver has opened vertically 40.56 as well
"Imagine what you'll know tomorrow". MIB
Dip buyers going to look like suckers as the night wears on.
You confirm my suspicions that Dips don't know what a dip is. Gold and Silver are currently not in a dip, you Dip.
'refresh'
The markets are calling Boner and Co. petty charade on Capital Hill. What are the Congresscritters going to do if the markets do not react to the very end of the 11th hour? Mmmmm. My guess is the Repugnicans have everything to gain from defaulting. We have an unpopular, worthless president who has done nothing to help the US or liberal agenda. People are already unemployed and pissed off. Elections are 16 months from now. This disgusting show will be well forgotten by then. Over the cliff we go...........
You can forget about elections 16 months from now if this continues.
darkstar, I don't buy everything is going to collapse if we default. BS! It will force us to live within our means. It will be painful as the ponzi collapses, but it is going to happen someday. Less pain now or more pain later.
If everything had been allowed to fail in 2008 we would not have an additional $4,000,000,000,000 debt. It's already worse.
Forcing people to live within their means kills enough of the population that everything collapses. The very fact we have 315 million people in this country is part-and-parcel evidence of not living within our means.
falling knife anyone?
Don't worry, we'll open green.
Futures not allowed to drop more than 1%.
These are the rules of fascism.
The USA is fascism capital.
Is there a + button on this new setup? I wanna press it now.
I keep looking for the junk button and don't see a way to do that either anymore.
A +1 button would be nice.
+
Is there a spell check I am dislectic
speling and gramur is for morans.
Don't worry man, it's the content that counts.
And if the English teachers pop up, you just tell them to fuck off.
I don't think I've ever replied to any of your posts, but just wanted to say hello! Seeing Bill's face is a bit like running into an old friend. He is the only comedian I've ever taken the trouble to write to when he was alive. In return he (Or most likely his folks) sent me a VHS of his great shows. Thanks for keeping his spirit alive.
+ the virtual button
The markets (that I care about) are reacting positively so far...
whoops, gold drops by $4 ? i hope it will drop by $100 when they finally annouce a $3 trn deal, then it will be time to buy
Aaaaaaaand it's green. 1340.50
LOL
...so clueless.
Uhh how so?
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
Take a look at the 1329.75 bid...and then tell us why you told us all about the Fri closing price as if it was relevant.
I saw it went down, then up, then down again. My bad. You are correct I was clueless.
I apologize for being a dick about it; in the ensuing excitement created by our "representatives", mistakes happen. We're not all experts here and I'd be lyin' if I didn't say I've learned a ton from ZH.
The PPT is good, but not that good. ;)
So, this must mean the dollar has soared...oh, wait ;-)
Sure it did...Canadian, Australian, Hong Kong...
You gold guys are not going to be happy when very specifically gold and silver transactions have a 75% tax on them.
not in my country, and if yes quickly move across the border to switzerland ^^
"Only dopes pay taxes"
Timmay the G
Nobody has ever made a transaction without notifying the government.
That's why I have some many "collector coins" :)
I COLLECT! I do not accumulate or speculate.... I sure do like collecting.
Hey Sudden, the Euro just dropped out of bed. What is going on over there?
The markets are calling the latest Greek "bailout" for what it is, default.
ha ha,do you have a collector`s license?
Yeah, I've tatoo'd my membership number on my dick. If you want to read it, you'll have to rub it for a while.
Wanna see it?
This is why I like copper as an inflation hedge more then pm's. A rising copper price helps encourage and sustain the ponzi and there for less likely to be manipulated like crude and pm's.. plus should any meaningful wars break out it will quickly double in price.
Copper pricing is also manipulated. Search ownership of copper warehouses and several articles about it
Moron: A 75% tax would only apply if you were stupid enough to sell and generate a paper trail related to gold sales. The implementation of a 75% (or more) tax is exactly what I'm expecting. This is the kind of thing that will reinforce my convictions to keep holding and accumulating gold until the crisis is over and gold finally is free again.
What a ridiculous statement. Where did you come up with that crap? I thought we got rid of the "brilliant ones guys". Some of these folks are from a different planet.
"You gold guys are not going to be happy when very specifically gold and silver transactions have a 75% tax on them."
Taxes?
We don't need no stinkin taxes...Timmah's runnin around saying all we have to do is raise the debt ceiling and print our way to prosperity...what do they need taxes for?
Unless, its just to hold the middle/lower wage classes down and keep us off their golf course ;-)
Think I'll celebrate with some ham wallet . . .
Don't get to happy. I am certain the .gov can screw this up also.
It just doesn't take too much "balls" to BTFD! That's the sad part....especially this shallow a move for the magnitude of the problem. Some other "event" has to bring this down. Unfortunately, the game continues and no capitulation in sight. It just won't be that simple.
On the contrary. It's very simple, and in front of everyone's face.
Oil scarcity will take it down. It is the underlying cause of all the problems.
Engines stop running smoothly when the fuel gets choked off.
True and a very large component of strain on global growth. I'm just sayin', BRING IT ON!
yep - no cheap unlimited energy...no growth...debt is unserviced...collapse
pretty simple math
Azia sure does like more debt:
Ticker Volume Price Price Delta Nikkei 10,132.10 +121.72 1.22% TOPIX 868.81 +8.70 1.01% Hang Seng 22,444.80 +457.51 2.08%Short US Equity mkts.. No stop.. short the entire thing dow, sp , nas... yes that means you aapple. This is lt trade..6 mos to a year.
If you honestly believe that, you should've been in this position for almost three years now. Problem is, they can stay irrational longer than you can stay solvent.
Get out of the rigged markets, yesterday!
Turbo Timmy on Fox today...."80 million checks in jepordy".
Well boys, got to get those 80 million checks out or cities start burning. Time to scare some seniors and welfare whores.......
Now they are promising a deal Monday before afternoon tea. This is so embarrassing. What a laughing stock we have become. Pitiful.
Maybe the SP will close/stay below 1300 once and for all someday...lol who knows anyone who says he does is a liar liar.
no deal that they can possibly concoct will address the underlying problems...at least not in time...price discovery bitchez
hazardous to your financial health...believing anything washington says, pure BS piled on BS.
Gold just popped all time high 1615
if (SPX < 1337.0) buy(LEFT_HAND|RIGHT_HAND);
Gold just went vertical $1616.43
watch live here FREE !
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
Wow $1617.30!
And remember, they can't stop this! The PPT is unfunded as well -- the last real step in the debt ceiling situation.
government got their hot list: http://www.cnbc.com/id/43830471/
gold 1614.. is that right??
no 1615
You know every banker and short is throwing paper at it as fast as it comes out of the DellA920 All-in-One printer
It's pretty clear gold will hit 1900$ by november.
BUY THE CALLS BOYS AND GIRLS!!
For tomorrow...
+100 DOW if no deal.
+200 DOW if deal.
Banks need to bring on more fear because no none is buying the bullshit. /sarc
Gang of four - 5.45 (1979)
nope 1617.75 so far
wrong again 1622!!!!!!!!!!!!!!!
The Fed has accumulated a lot of shares over the last 18 months. Look for them to test Bonehead tomorrow. That in and of itself might just cause a little panic. My bet is that it doesn't which may just give the GOP what it needs to make the Dems look like the fools they are.
Well, this is nice, but to be honest, I am more curious as to where gold and silver will be a year from now, not worried about tomorrow, up 20, down 20. Changes nothing. And an agreement means 0, nada, zip. They will spend until it all blows up, the people finally wake up and then they are forced to act. That is the only time constructive agreements happen....When they have NO choice.
Absolutely! My sentiments exactly! The fiscal authorities won't deal with the problem until a crisis forces them to! We must plan and prepare accordingly, because only on that day will they deal with the magnitude of our crisis.
I don't really care what Wall St thinks! They're so drunk on government interventions, bailouts, stimulus, and monetary madness that they have no percpetion of risk. They drove stocks higher last week on pure rumors, none of which were reversed when the rumors were unfounded. It's time Wall St ended its Pollyanna Party had instead took a reality check!
These days' logic says S&P goes up no matter what. But something tells me Treasury/Fed want to put some real fear out there by no intervention upon sell-off.
This is a tricky one.
I think the "big boys" want some blood and panic in the streets... teach us mere citizens how it could be without their "benificent" intervention...
Then it's Kool-aid time!
http://media.photobucket.com/image/kool%20aid/gooball420/kool-aid.jpg?o=15
yup.... just a matter of precisely how much, how long, how fast how deep the "dip" before everybody BEGS benzai the bankster to open the floodgates and "save us!"
My take is: NADA happens to the US equity markets; the pros positioned themselves for this weeks ago and the little guy isn't in the equity markets anyway. GOLD is where the power elites have been going for the last 20 years and GOLD is where they're going now. What the hell else is all the kick the can STALLING about in Europe as well as the US if not to "position" their frickin' portfolios ahead of the little guy as usual???!!!
1622.60
$57.21 per gram.
Shave me off 3 please.
NOTICE
ALL SALES
1 gram Minimum
Sittin on 2kg of physical now.. should have done this sooner :(
lol!
Rather than defaulting, bring on the new debt ceiling to debase our USD currency.
Deal: buy on the news, sell 15 minutes later
No Deal: sell on the news, buy 2 hrs later
usd/jpy next stop; 75.00
All the idiot main stream news outlets are now providing u.s futures prints, "tracking the market meltdown". Ya know, it's almost as if the news outlets would like to see a Monday meltdown just to have a story to report on. We all know some no savings BS deal is coming......how will these retard politicians avoid real disaster when the cement filled can - can no longer be kicked?
Word!
As Monty Python and the gang used to say, No One Ever Expected The Spanish Inquistion. Sorry to say, the market does not crash when everybody is predicting it.
Uh, yeah, call me when we go limit down, otherwise yawn yawn yawn...
ES will be back positive by tomorrow morning, if this insane market is any guide, then we rip another 1-2% higher on absolutely no volume
$56.97 per Gr = a movie with the wife. Whats playing? Why what else "Apocalypse NOW"
Robotrader, alas we hardly knew ye.
Wall St needs a cold reality shower after a 3-yr Pollyanna Party!
Obama calling a presser for tomorrow
Gold 1612! I have a Boehner!
Let's hope the politicians are smart enough to let the S&P crash below 1000 back to reality before they pass anything. Anything they pass is going to be a farce anyway, but they need to bring the Wall Street euphoria and irrational exuberance to an end first.
They can't even sell this market off to a full 50% retracement before they are in BTFD. Nothing to see here, move along. Market will be green tomorrow.
How Much Would It Cost to Buy Congress Back...
http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/06/how-much-woul...
OT:Hilarious 2 Min Vid...
http://www.youtube.com/watch?v=dwu58TRW8j4
Ding ding ding. We have a winner. Guess why we constantly hear about the greedy congressmen paying themselves too much?
Congress paying itself is exactly what those with disproportionate wealth and influence fear the most -- loss of control.
The FX markets are basically flat, and I suspect they will remain that way until the London Market opens.
How to trade ES is the coming days and weeks
http://www.bostonwealth.net/2011/07/24/morties%E2%80%99-weekend-update-2...
ES 1320 looks like toast
Next support around 1300
If you wish as I do to profit from the liars short at 1280, or for the more conservative, 1260
And for those more sanguine souls...
Tomorrow
Woah these monday openings are more & more amazing to watch. Gold&Silver berserk! Till the M A D horde wakes up...
(double post)
Silver bitchz, when does the bus leave ?
TD,
You are fricken hilarious. You can make the end of the world funny. Can I send silver through the mail? I'd write a check, but it seems hypocritical.
Thanks.
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