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Ben "CTRL+P" Bernanke's Open Mouth Is (Still) A Goldbug's Best Friend

Tyler Durden's picture




 

Five days ago, when Ben, or as he is also known, "CTRL+P", was talking before congress, gold soared as soon as the Chairman opened his mouth, hitting +$15 in minutes. Sure enough, Ben's open mouth is once again a gold bug's best friend, with gold jumping by a nearly identical $14 in the 30 minutes since the Senate version of Bernanke's testimony started today. Keep talking Ben, keep talking... And just wait until Ben starts printing again, to match the ECB's imminent second LTRO.

 

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Tue, 02/07/2012 - 11:34 | 2133854 francis_sawyer
francis_sawyer's picture

Ben can't get enough of the stuff...

And he'll print himself all the confetti he needs (for as long as possible) to get as much of it as he can...

Tue, 02/07/2012 - 11:44 | 2133906 Negro Primero
Negro Primero's picture

"...can't get enough of that stuff"

To go around stealin'
And wheelin' and dealin'
The poor men have to earn it
While the rich men sit and burn it

They'll beg on their knees for it
They'll do what they please for it
They'll knock you down
They'll rub you blind, dying on the ground

Money, money, money, money
Money, money, money, money
Money, money, money, money......

http://www.youtube.com/watch?v=xaeMlBvjaDA

Tue, 02/07/2012 - 11:34 | 2133860 HoofHearted
HoofHearted's picture

Silver looks like it just got a big old erection too.

Tue, 02/07/2012 - 11:34 | 2133861 Dr. Engali
Dr. Engali's picture

Keep that lip a quivering Ben.

Tue, 02/07/2012 - 12:07 | 2133992 francis_sawyer
francis_sawyer's picture

How do you know Bernanke is lying? = His lips are moving

How do you know gold is up? = They haven't stopped moving yet

 

Tue, 02/07/2012 - 11:35 | 2133863 westerman
westerman's picture

Someone should take some of that paper the fed massproduces and use it to plug Ben's mouth shut.

Tue, 02/07/2012 - 11:37 | 2133878 Quintus
Quintus's picture

No, no no!  The more he talks, the higher metals go.  

Tue, 02/07/2012 - 12:35 | 2134020 Ahwooga
Ahwooga's picture

And then what exactly? If you are measuring the "value" of your gold in dollars then clearly at some stage you intend to exchange it back for future dollars at some indeterminate point in the future. And then what? Let's not lose sight of the fact that the endgame of any extreme or hyperinflationary event is not a good outcome for anyone. We need organic growth, not inflationary "growth" and that's all we have left.

Nobody wins at the end of this if they intend to, "print their way out of the mess." While it may be fun to watch the dollar price of your assets go up each day, we can't lose sight of the fact that you will need all of those inflation-created dollars to buy exactly the same as what your uninflated dollars get you today.

Nobody wins this game, it has never worked out, and it never will. Keynesians can uncategorically go fuck themselves, and stop destroying the medium term future for the rest of us.

Tue, 02/07/2012 - 13:06 | 2134249 zebrasquid
zebrasquid's picture

You point out something very important to keep in mind.  Good post.

It is smart in this coming hyper-inflationary environment to carry lots of debt, to get ahead of the curve.  

I'm looking forward to paying off my mortgage with a few coins.

Of course, food, gas, taxes, etc are what kill you then.  Like you said, not a good outcome for anyone, trying to outrun the hyperinflation monster.

Tue, 02/07/2012 - 11:49 | 2133931 Boston
Boston's picture

Mouth?

Tue, 02/07/2012 - 11:36 | 2133871 EL INDIO
EL INDIO's picture

The Bernanke effect !

Tue, 02/07/2012 - 11:39 | 2133887 asteroids
asteroids's picture

The congressmen are just as bad as Ben. Delusional fools.

Tue, 02/07/2012 - 11:39 | 2133889 GoldenGal
GoldenGal's picture

The man with the golden tongue

Tue, 02/07/2012 - 13:31 | 2134328 rosiescenario
rosiescenario's picture

...is that a quote from Mrs. Bernanke?

Tue, 02/07/2012 - 11:42 | 2133900 Central Wanker
Central Wanker's picture

The Bernanke Guarantee (TM)

Tue, 02/07/2012 - 11:44 | 2133907 CreativeDestructor
CreativeDestructor's picture

Goldmember. Next he needs to loose his member in a hedonistic smelting accident to justify the name.

Tue, 02/07/2012 - 11:44 | 2133908 Ponzi Unit
Ponzi Unit's picture

The Bernanke put?

Tue, 02/07/2012 - 11:47 | 2133919 Comay Mierda
Comay Mierda's picture

i cant even listen to these guys talk about gdp and inflation stats that have been distorted since 1980 and no longer represent the real world.  is it really any wonder that all these idiot talking heads on cnbc are ALWAYS wrong with their economic projections when they are working with bullshit stats?

Tue, 02/07/2012 - 11:47 | 2133920 Stuck on Zero
Stuck on Zero's picture

I think most ZHers interpret Ben's comments the way I do: "We'll keep handing out trillions to the megawealthy until this economy recovers."

Tue, 02/07/2012 - 11:48 | 2133924 Hoi Polloi
Hoi Polloi's picture

Bernanke's Blue Ballz Bitchez

Tue, 02/07/2012 - 11:49 | 2133927 Stack Trace
Stack Trace's picture

The call him "Gold Dome" in the halls of the fed. Austin Powers should be on his way to stop Dr. Evil from asking for another $50 qauddrillion from the quivering one. Where is Austin when we need him most?

Tue, 02/07/2012 - 11:50 | 2133936 swanpoint
swanpoint's picture

... just got some more boxes of +P 9MM Cor Bon 115 Gr. ammo in the mail yesterday.. Gold, Silver, Copper, Lead.

 

Tue, 02/07/2012 - 12:25 | 2134059 RobD
RobD's picture

Cor Bon is great stuff but check out Double Tap. They make some really hot loads.

 

http://www.doubletapammo.com/php/catalog/index.php

Tue, 02/07/2012 - 13:34 | 2134335 rosiescenario
rosiescenario's picture

Personally, when it comes to either rifle or pistol rounds, Hornady is always my first choice.....

Tue, 02/07/2012 - 15:31 | 2134926 swanpoint
swanpoint's picture

will definiately check out both

Tue, 02/07/2012 - 11:51 | 2133942 tecno242
tecno242's picture

Interesting though that the 10 year yield is up almost 3% today.  With CTRL+P talking and the market in the red.

Tue, 02/07/2012 - 11:52 | 2133944 Silberadler
Silberadler's picture

Der inverse Benanke Effekt.

Jawoll !

Looks like inverse market manipuation.

What is going on here ?

GangBang at LBMA & NYMEX ?

Forgetten den Knopf zu drücken ?

Awesome. whatever it is - I love it.

Nice wet dream anyway.
Next quarter, next correction.
Futures expiry. Ya know...

Unless, I forgot, of course... Greece charade ... ya know !?

ok... where's my popcorn...

Watchen zhis.

Tue, 02/07/2012 - 11:52 | 2133947 Negro Primero
Negro Primero's picture

From Twitter:

"Buying gold a few minutes before Bernanke comes on tv is so money lol $GC_F $GLD"

"I ? Ben Bernanke $Gold $$"

Tue, 02/07/2012 - 11:54 | 2133952 cat2
cat2's picture

CTRL-P   love it.

Tue, 02/07/2012 - 11:56 | 2133957 Floordawg
Floordawg's picture

Shitballs, there goes the BTFD I was hoping for this week... still a couple days left.

Tue, 02/07/2012 - 11:56 | 2133958 LiquidityandLunacy
LiquidityandLunacy's picture

Again, Ben will not and cannot print en-masse BECAUSE IT WILL BLOW UP JAPAN. Japan, as cited by ZH does not have the ability to move markets for more than 30 minutes with its interventions.

 

No one buys it. Unless thats the plan.

Tue, 02/07/2012 - 12:04 | 2133985 RiverRoad
RiverRoad's picture

The Fed is phucked.  Oh, please God, let it be so.

Tue, 02/07/2012 - 12:07 | 2133988 easypoints
easypoints's picture

Metals don't rally because of what he says... they rally because he's away from his desk. He can't send some 1's and 0's over to Jaymie and have him slam them down or naked short them, if just for a moment. FREE MARKET, ON!

Tue, 02/07/2012 - 12:06 | 2133989 Negro Primero
Negro Primero's picture

FBI labels 'Gold Standard' followers "dangerous extremists"

"The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard."


http://www.reuters.com/article/2012/02/07/us-usa-fbi-extremists-idUSTRE8...

Tue, 02/07/2012 - 12:34 | 2134102 jon
jon's picture

that is a warning about the "sovereign citizen" movement, specifically. so. don't join them. from what i have seen they don't actually understand gold anyway.

unless... everyone here has suddenly had a change of heart, and now we all speak up together like pastor martin niemoller? well! adapt no names, identify with no movements -- not even "anonymous" -- and you cannot be on a list, because at the top of the list is its name. when "they came for X" then you won't have been there. and the more accidental associations they make, the greater the tyranny is unmasked.

Tue, 02/07/2012 - 15:43 | 2134996 Bansters-in-my-...
Bansters-in-my- feces's picture

Thats how we know FBI stands for Fucking Big Idiots.

Tue, 02/07/2012 - 12:14 | 2134017 ghostzapper
ghostzapper's picture

the entire market already knows that this is out of control and will collapse, yet gold is not at an all time high.  why not?  i am not bearish on gold but I often wonder what else gold needs to see in order to skyrocket to a new high and beyond?

 

still no positions but considering walking away completely.  "they" simply will not ever stop intervening.

Tue, 02/07/2012 - 12:20 | 2134036 SaulGood
SaulGood's picture

Ben clearly has a huge stash of gold.

Tue, 02/07/2012 - 12:25 | 2134057 Flakmeister
Flakmeister's picture

Picked up 40 SLV MAR 34 contracts just before he opened his mouth....

Heh, Heh, Heh.... not bad for a flyer...

Tue, 02/07/2012 - 12:26 | 2134061 jon
jon's picture

HP Help Forum > Laserjets > 666 Series > FRN Deluxe

hey,
i need advise on a printr the EURUSD was 1.58 and toner is OK but i hit CTRL+P and several times and now it is 1.31??????? help please PrintScrn duznt work eithar what does that do neway
~~~ ben $.
"Penny for your thoughts"

Tue, 02/07/2012 - 12:40 | 2134137 farmerjohn2112
farmerjohn2112's picture

ctrl+p... that's funny shit, right there

Tue, 02/07/2012 - 12:48 | 2134170 Silberadler
Silberadler's picture

@jon

 

Dear Ben, -- Please read the FAQ again !

That's <Ctrl+Alt+Del> = RESET before you can print again with CTRL-P

Told you so many times before...

Best regards

IT Service & Support Division

Tue, 02/07/2012 - 13:36 | 2134342 rosiescenario
rosiescenario's picture

"Gold tongue....the man with the golden tongue....etc"

I'll leave it to more talented folks here to doa re-write on the Goldfinger theme....

Tue, 02/07/2012 - 13:37 | 2134350 rosiescenario
rosiescenario's picture

"Gold tongue....the man with the golden tongue....etc"

I'll leave it to more talented folks here to doa re-write on the Goldfinger theme....

 

Jaimie might look good in a bowler cast as odd job?????

Tue, 02/07/2012 - 15:15 | 2134814 HungrySeagull
HungrySeagull's picture

Welp!

I guess we learn like a trained dog to buy just before Ben speaks anywhere in the future.

Tue, 02/07/2012 - 15:32 | 2134934 Bansters-in-my-...
Bansters-in-my- feces's picture

the article forgets to mention that eveyday the precious metals get wacked down by the same amount,via the ESF and the PPT crew....

Ps....

Fuck you's timmy and ben

Pss...you too lawrence S

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