This page has been archived and commenting is disabled.

Biggest Week For Gold In 3 Months

Tyler Durden's picture


While Silver had a better week than Gold (+5.4% vs 4.3%), Gold managed its biggest gain in three months as the Fed's QE-ness seemed to separate the precious metals from other asset classes. Oil underperformed relative to the USD's weakness (-2% on the week in DXY) managing only a 1.3% gain (and ending below $100). Silver and Gold have no managed four weeks in a row of gains as the latter has more than retraced half of the all-time high sell-off range. With 5 minutes to go, NYSE volume was -32% from yesterday, by the close of the cash markets it was only down 2.5% leaving the week -10% from last week (so 32% of the day's NYSE volume was done in the last 1.3% of the day). In credit, HYG underperformed stocks, HY credit stayed synced with stocks and IG outperformed (touching 100bps as we closed). Treasuries ended the day (and week) at their low yields with 5s to 10s all lower by around 14bps on the week and 30Y rallying to -4bps on the week by the close. FX markets were a little odd as EURUSD squeezed higher and higher all day (largely ignored until a late ramp) by stocks as JPY's strength kept EURJPY (carry driver) relatively flat. EURUSD ended at 1.3227 (up around 300pips on the week) at its highest in 7 weeks as CFTC net shorts rose once again to new record highs at 171k. Broadly speaking risk assets and ES (the e-mini S&P 500 futures contract) have been highly correlated all week. This afternoon saw CONTEXT pull ES higher (mainly on EURJPY strength, and Oil stability versus TSY/Curve compression) but after the cash market close, ES limped back down to its VWAP to end its worst-performing week of the year (+0.15%) though not down (which we are sure would scare investors away) as stocks handily underperformed credit on the week as high beta starts to unwind.


Weekly change in the major economically sensitive commodities.

Intraday changes on the week in commodities - Silver putting in an incredible rise of more than 7% off its lows on Wednesday.


VWAP played an important part in today's ES price action in stocks (as it always tends to) but the reversion and rejection has the smell of institutional sell orders need to grind the market up to sell into and each time we touched VWAP, average trade size increased and selling immediately occurred. The afternoon surge seemed more about catching up to EURJPY (more EUR) strength but once we hit unchanged, sellers came back in size once again.


Financials managed to surge up in the last hour to save their week (ending the week practically unch - though some of the majors looked very different and CDS has started to widen). Materials outperformed (QE?) and Staples underperformed on the week.

Charts: Bloomberg and Capital Context


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 01/27/2012 - 17:30 | 2103913 traderjoe
traderjoe's picture

Platinum - Bitchez.

Fri, 01/27/2012 - 17:34 | 2103934 whatsinaname
whatsinaname's picture

Has WTI been anchored to 100 ?

RBOB finally makes its move..

Anticipating Iran action ?

Fri, 01/27/2012 - 17:40 | 2103962 fuu
fuu's picture

Silver BiTcHeZ!

Fri, 01/27/2012 - 17:54 | 2104000 Dr. Richard Head
Dr. Richard Head's picture

I told all ya'll the bottom on silver was in as soon as I sold off a portion of it to finish my bunker....I mean basement.  Son of a Bernanke. I will let everyone know when I buy again, as the price will drop precipitously.

Fri, 01/27/2012 - 18:08 | 2104033 DoChenRollingBearing
DoChenRollingBearing's picture

Buy and hold them all.  If you have silver in a SHTF, you can spend it.  Gold you give to your children or (better) your grandchildren.  Platinum is for optimists!  There, you're covered!

Fri, 01/27/2012 - 18:17 | 2104049 tocointhephrase
tocointhephrase's picture

Silver & Gold (physical only) B17cH3Z

Sat, 01/28/2012 - 13:09 | 2105498 Sokhmate
Sokhmate's picture

"B17cH3Z" is our pass code from now on.

Sat, 01/28/2012 - 14:51 | 2105730 Raging Debate
Raging Debate's picture

Cool. Transmit it out! Earth to aliens, "need some dough and oh yeah, don't forget our Corporate slogan!"

Fri, 01/27/2012 - 20:23 | 2104426 mofreedom
mofreedom's picture

Every increaee in the metals brings me pain, a pain that only says my county will suffer.  My metals will go to those that need them.

Sat, 01/28/2012 - 13:19 | 2105519 Harbanger
Harbanger's picture

I'm with you Bro.  Too many people are willing to abandon her for temporary personal gain.  Given the choice, would we pledge Our Lives, Our PM's, and Our Sacred Honor to save our beloved Republic?  Not most, but I know many of us would.

Sat, 01/28/2012 - 13:43 | 2105567 Reese Bobby
Reese Bobby's picture

File under: "Peeing on a Forest Fire"

Fri, 01/27/2012 - 18:18 | 2104045 tocointhephrase
tocointhephrase's picture

Yes indeedy Fuu 51LV32 is money

Fri, 01/27/2012 - 17:36 | 2103947 Silver Bug
Silver Bug's picture

Gold has been on fire, we havn't seen anything yet!

Fri, 01/27/2012 - 18:06 | 2104031 DoChenRollingBearing
DoChenRollingBearing's picture


The best, indeed, is yet to come.

Fri, 01/27/2012 - 18:36 | 2104100 s2man
s2man's picture

I won't sell gold at $55,000.  That just means the USD is worth less than toilet paper.  Better to hang on and have a stake in what ever currency comes next.

Though, I may trade for some nice farm land...

Sat, 01/28/2012 - 04:32 | 2105152 Transformer
Transformer's picture

Gold at $55,000, what a joke.  If something like that were to ever happen, we wouldn't be measuring the price of gold in dollars.  It would be something like, how many congressman can you buy for an ounce.

Sat, 01/28/2012 - 14:20 | 2105663 DosZap
DosZap's picture


Though, I may trade for some nice farm land...

 Sadly, you will never be allowed to retain it.They will confiscate that also, or raise the taxes to the point you will lose it.

Unless we disappear(haul Arse,out before the state completely takes over),all will be lost for enjoying the fruits of your RISKS that will have paid off in a huge way.

Sat, 01/28/2012 - 15:02 | 2105748 rayduh4life
rayduh4life's picture

More likely is they'll take your water.  Ask those in the Klamath project about it.  The fight here in the other Washington is about to start. 

Lots of ways to screw you out of that farm land.

Sat, 01/28/2012 - 14:11 | 2105642 DosZap
DosZap's picture


Mi amigo..................

Of course your right, only issue is it will be illegal to own, and will be taxed at 90% if you try and sell it.

Or you will be forced to turn it in for Fed valuation of $42.20.

Funny how the Bankstas and Huge Funds can(are allowed) make killings in the market, but regular Joes, cannot invest in the object of THEIR choice and reap the rewards,you were born DOWN, and we plan to KEEP you there..................

 No, your gold are BELONG to us.

The entire thought makes me want to  vomit blood.

Sat, 01/28/2012 - 14:22 | 2105668 larynx
larynx's picture

Dont worry about that now. If the goverment really starts to prohibit gold, take it and run.

Other Countries will be more than glad to take it.

Sat, 01/28/2012 - 14:46 | 2105722 DosZap
DosZap's picture


 take it and run.

Timing is everything, and getting out will be the catch.It's enough to give you GERD.

Fri, 01/27/2012 - 17:56 | 2104009 HedgeAccordingly
HedgeAccordingly's picture

unfortunately ES setting up for a rally? closing print

Sat, 01/28/2012 - 15:56 | 2105835 James_Cole
James_Cole's picture

What a month in platinum, my father made a huge platinum buy at the beginning of the month, bought out our city's bullion dealer. We all thought it was a crazy idea......

Fri, 01/27/2012 - 17:31 | 2103921 non_anon
non_anon's picture

rocket to the moon!

Fri, 01/27/2012 - 18:10 | 2104035 DoChenRollingBearing
DoChenRollingBearing's picture

"to the moon Alice"

- unknown


"All else will be left behind when the Gold Mothership takes off."

- ZH-er "Gordon Gekko"

Fri, 01/27/2012 - 18:26 | 2104069 s2man
s2man's picture

"to the moon Alice"

Credit the big-band leader, actor and writer of Moonlight Serenade, his theme song.

Edit: Gawd, I can't believe the trivia shit I keep in my head. Yet I don't know my kids' birthdays...

Fri, 01/27/2012 - 18:41 | 2104118 Parabolic
Parabolic's picture

At least Ron Paul wants to send politicians to the moon

Fri, 01/27/2012 - 19:41 | 2104272 fuu
fuu's picture

That's change I could believe in!

Sat, 01/28/2012 - 04:34 | 2105157 Transformer
Transformer's picture

18,000 residents.  I guess he hasn't heard of the NASA moon hoax.

Fri, 01/27/2012 - 20:48 | 2104527 A Nanny Moose
A Nanny Moose's picture

Newt wants to make the moon a state.

Fri, 01/27/2012 - 20:59 | 2104550 akak
akak's picture

If that chickenhawk Pillsbury Doughboy (and his ego) gets any larger, HE is going to be a state!

Sat, 01/28/2012 - 01:35 | 2104992 Jam Akin
Jam Akin's picture

Never thought someone could be an asshole and a dickhead simultaneously until recently!


Sun, 01/29/2012 - 11:17 | 2107145 prole
prole's picture

He may be laden with copious amounts of adipose tissue currently, but he was unburdened with any sense of duty to his country* when he was himself a young man. quite adroit the Noot when it came to  dodging the draft

during that unpleasantness in Vietnam. (Mega) Dittos the Artful Dodger himself Romnel, as well as the rest of the warmongers

all showed excellent combat technique of "stay the Hell away from the battlefield" and a million miles away from a uniform.

except of course the sublime Dr. Paul, who served when drafted. Guardasil Rick also served full disclosure.

*Very open to debate exactly which country that is

Fri, 01/27/2012 - 17:32 | 2103924 SeverinSlade
SeverinSlade's picture

So how long until the CME hikes margins?  Didn't they just lower them on USDs?

Fri, 01/27/2012 - 17:38 | 2103937 Spider
Spider's picture

Aren't USD a risk-free asset?  I mean we've been using them since the dawn of time to trade for goods, services, and to preserve purchasing power.  Oh wait that's gold...

Fri, 01/27/2012 - 17:34 | 2103933 resurger
resurger's picture

PSG's Bitches

Sat, 01/28/2012 - 02:32 | 2105049 natty light
natty light's picture


Sun, 01/29/2012 - 11:19 | 2107148 prole
prole's picture


Fri, 01/27/2012 - 17:35 | 2103939 dime2962
dime2962's picture

Silver and Gold....Silver and Gold...

Fri, 01/27/2012 - 17:36 | 2103945 ReactionToClose...
ReactionToClosedMinds's picture

the more folks on food stamps .. the more demand for gold.   think about it ....... that's correlation ....


thank you Newt Gingrich for highlighting this relationship

Fri, 01/27/2012 - 17:51 | 2103994 Bay of Pigs
Bay of Pigs's picture

Food stamps. This year, more than 46 million (15% of all Americans) will get food stamps. That's 45% higher than when Obama took office, and twice as high as the average for the previous 40 years.

Fri, 01/27/2012 - 17:55 | 2104003 Bay of Pigs
Bay of Pigs's picture

Oh, and Newt can get fucked. He's a lying POS himself. 

Fri, 01/27/2012 - 18:18 | 2104052 Long-John-Silver
Long-John-Silver's picture

They are all lying POS's.

Fri, 01/27/2012 - 18:24 | 2104068 akak
akak's picture

Except the good doctor.

(You know who I mean, "He Who Shall Not Be Named" by the corporate-controlled media --- and the winner of every possible poll except those at the ballot box/Diebold machine.)

Fri, 01/27/2012 - 18:27 | 2104078 Long-John-Silver
Long-John-Silver's picture

I stand corrected on that single point.

Fri, 01/27/2012 - 21:54 | 2104669 trav7777
trav7777's picture

uh, what fuckin real polls has he won?  None.

Sat, 01/28/2012 - 04:39 | 2105163 Transformer
Transformer's picture

You tell 'em Trav.  Even though he might be up in polls,   Or even if in first place in the polls like he was in Iowa going into election day, he just doesn't do well when people actually vote.  I suppose it's that thing where they think he can't win, maybe.  On the exit polls, people say they voted for him, but they must be lying, cause he hasn't done any better than 3rd place yet.  I'm actually rather disappointed in his performance.

Fri, 01/27/2012 - 17:36 | 2103948 Money never sleeps
Money never sleeps's picture

Kyle Bass on when the shit is going to hit the fan:

Fri, 01/27/2012 - 18:18 | 2104054 Irene
Irene's picture

Thanks for the post.  Terrific interview.  I reposted on it on tfmetals with a hat tip.

Sat, 01/28/2012 - 03:05 | 2105078 StychoKiller
StychoKiller's picture

Man, oh man!  Some folks sure get their panties in a bunch when someone is spot on about the Emperor(s) running around in the nude!  Sorry Progressive/Socialists, but Big Brother is all too willing to eat your children as well -- deal with it, and STOP trying to shoot the messenger(s)!

Sat, 01/28/2012 - 13:50 | 2105582 Harbanger
Harbanger's picture

Since you mentioned progressive/socialists, did you know who created the Fed in 1913? Yes, Woodrow

Sat, 01/28/2012 - 15:01 | 2105739 DosZap
DosZap's picture


"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."

~ Woodrow Wilson


Must have been a stupid SOB, to not have known that prior to signing it...............but to be a Progressive Socialist, your a dumb SOB.(unless your in the drivers seat).

Sat, 01/28/2012 - 15:35 | 2105801 Harbanger
Harbanger's picture

Are you denying Wilson was a leader of the Progressive movment.  And your defense is that he must have been a dumb progressive SOB to not have known?  Progressism couldn't exist without a fiat currency.  I also credit him with our progressive income tax.

Fri, 01/27/2012 - 17:38 | 2103955 goldfreak
goldfreak's picture

Anyone hear from Dennis Gartman? Is gold in a bull market again?

Fri, 01/27/2012 - 17:41 | 2103966 hungarianboy
hungarianboy's picture

yeh buy :-) I'm happy to sell to you,  like back in August :-)

Fri, 01/27/2012 - 18:30 | 2104074 akak
akak's picture

Anyone hear from Dennis Gartman? Is gold in a bull market again?

Recalculating ..... recalculating ...... recalculating ......

Sat, 01/28/2012 - 22:35 | 2106421 Papasmurf
Papasmurf's picture

I guess he's back on his meds.

Fri, 01/27/2012 - 20:42 | 2104502 davepowers
davepowers's picture

yes, he was featured on CNBC this very day congratulating himself for his smart sell gold decision in late 2011. He said he was tempted to get back in at the lows, but didn't, though he plunged into copper, a decision he also congratulated himself for.

After appropriate clucking sounds from the CNBC yakkers, he said after the last few days he was now back 'long of gold' vs. the euro, though not 'long of gold' vs the dollar. 


Fri, 01/27/2012 - 20:48 | 2104525 Bay of Pigs
Bay of Pigs's picture

Speaking of the USD, where are all those "long the dollar" Bulls that were yapping so loudly a couple weeks ago?

They got smoked...

Robo? (crickets)

Fri, 01/27/2012 - 17:39 | 2103960 hungarianboy
hungarianboy's picture

Amazing that EURUSD didn't plunge. More squeeze next week??

Fri, 01/27/2012 - 17:52 | 2103995 PicassoInActions
PicassoInActions's picture

i hope not.... i am still holding short positions.

Fri, 01/27/2012 - 18:31 | 2104090 s2man
s2man's picture

Didn't anyone tell you it was the EUR's turn to go up on the teeter totter?  Don't worry, it will go back down. 

The EUR/USD take turns pretending to teeter totter and stay close, relatively, when they are actually both ratcheting down. 

Fri, 01/27/2012 - 19:30 | 2104238 Dr. Engali
Dr. Engali's picture

That's right. It will be time to short the Euro at 1.35. They are doing a pretty good job at hiding it from the masses.

Fri, 01/27/2012 - 17:47 | 2103980 Savonarola
Savonarola's picture

I think the recent Gold and Silver move has something to do with the coming election, that is, heads we lose, tails we lose.

The difference between D and R is very little. Both spend like a drunken sailor, just on different things.

We are so totally screwed.

Last time I voted for Nader. This time I'll vote for Paul, even as a write in. 


Fri, 01/27/2012 - 18:25 | 2104065 Long-John-Silver
Long-John-Silver's picture

Having been a Drunken Sailor I take offence at being compared with politicians. There is a huge difference between Drunken Sailors and politicians. Drunken Sailors spend their own money. Politicians spend the tax payers money.

Fri, 01/27/2012 - 18:27 | 2104077 s2man
s2man's picture

And Drunken Sailors stop spending when they run out of money.

Fri, 01/27/2012 - 18:29 | 2104084 akak
akak's picture

Avast!  Coming from a fellow seaborne partisan of brother Rum, that be the truth matey, arrhh!

Fri, 01/27/2012 - 18:55 | 2104152 Strider52
Strider52's picture

I was so drunk on my sailboat ("How drunk were you?!") I was so drunk I slammed a bridge support, with all of my gold & silver on board. All carge lost, including the Precious.

Sat, 01/28/2012 - 01:22 | 2104975 DoChenRollingBearing
DoChenRollingBearing's picture

A tragic loss, please accept my condolences.

Sat, 01/28/2012 - 03:07 | 2105080 StychoKiller
StychoKiller's picture

Glad to see yer boobs didn't get bruised! :>D

Fri, 01/27/2012 - 20:39 | 2104490 Pants McPants
Pants McPants's picture

Former Swabbie (sp) here, too.  If only my $$ wasn't obtained via government coercion....but alas I learned my lesson.

Fri, 01/27/2012 - 17:55 | 2104006 navy62802
navy62802's picture

In nominal terms, January 2012 is the third biggest month for gold in the past several years so far (the only months with bigger gains are JUL and AUG 2011).

Fri, 01/27/2012 - 21:17 | 2104588 technovelist
technovelist's picture

The PTB still have two days of January to pound gold down, so let's not celebrate too much just yet.

Fri, 01/27/2012 - 18:06 | 2104032 HungrySeagull
HungrySeagull's picture


Gold and Silver is good this year!


Fri, 01/27/2012 - 18:11 | 2104039 DoChenRollingBearing
DoChenRollingBearing's picture

And will both get better.

Fri, 01/27/2012 - 18:18 | 2104055 zerotohero
zerotohero's picture


Fri, 01/27/2012 - 18:20 | 2104060 Black Friday
Black Friday's picture

A post like this just isn't the same without Johnny Bravo chiming in :p

Fri, 01/27/2012 - 18:34 | 2104095 akak
akak's picture

We can always start a collection to try and woo him back ----- after all,         it only costs $5 to dig trolls from the ground (of Cass Sunstein's yard)!

Fri, 01/27/2012 - 18:59 | 2104162 francis_sawyer
francis_sawyer's picture

We might want to check to see... at this point... if that $5 number doesn't have an "inflation adjusted" number on it...

Fri, 01/27/2012 - 21:43 | 2104643 HungrySeagull
HungrySeagull's picture

It only costs 5 dollars to click now both ask and bid.

Digging in the ground is for the Migrant Labor.

Fri, 01/27/2012 - 21:58 | 2104679 francis_sawyer
francis_sawyer's picture

Pretty soon, Chinese prisoners will get paid $5 a click for "2nd Life" click activations on virtual silver mining...

Fri, 01/27/2012 - 18:38 | 2104108 Long-John-Silver
Long-John-Silver's picture

Johnny Bravo and Meth Man at the very least were fun. This latest batch of top calling trolls are easily to forget because they are not entertaining at all. Every time I watch Gold Rush Alaska I laugh quietly to myself as they spend more that $5 an ounce to dig it out of the ground. If they had any sense at all they would quit and get real jobs instead of spending more digging the Gold up than they find. It reminds  me of being a boat owner. A boat is nothing but a hole in the water you shove money into.

Fri, 01/27/2012 - 18:42 | 2104120 akak
akak's picture

That show is more like "Money Flush" than "Gold Rush".

Fri, 01/27/2012 - 19:30 | 2104237 JTBfromtheWL
JTBfromtheWL's picture

Yea maybe $5 oz if you stumble over something like the comstock load fullywooded set up with equipment.

Fri, 01/27/2012 - 22:00 | 2104682 trav7777
trav7777's picture

Nobody said gold was $5 an oz

Fri, 01/27/2012 - 22:17 | 2104709 Bay of Pigs
Bay of Pigs's picture

He's obviously talking about silver Trav. You know, the subject you refuse to get up to speed on.

Fri, 01/27/2012 - 18:25 | 2104072 Hedgetard55
Hedgetard55's picture

HAMP expansion by a vote buying Obamster goosed banks at the end of the day. Rentals, vacation homes now eligible. Guess who pays?

Fri, 01/27/2012 - 18:31 | 2104092 Hulk
Hulk's picture

, Bitchez!!!

Fri, 01/27/2012 - 18:34 | 2104098 Professordoomfinger
Professordoomfinger's picture

Don't shoot the  (Quicksilver) messenger:


Fri, 01/27/2012 - 18:40 | 2104115 akak
akak's picture

Poor Jon Nadler --- I can't WAIT to read his increasingly desperate, and hysterical, daily Kitco anti-gold diatribe come Monday, as he continues his laughable multi-year campaign to disparage gold and its advocates, and pump the US dollar and US government debt as "sound and secure".  Once a bankster, always a bankster.

Schadenfreude, it's a bitch Jonny --- for you.  For us, it is justice.

Fri, 01/27/2012 - 18:42 | 2104123 Georgesblog
Georgesblog's picture

The printing presses may signal the run in the physical market, before any official announcement of QE. I expect the news in Europe to let the cat out of the bag.

Fri, 01/27/2012 - 20:42 | 2104499 Pants McPants
Pants McPants's picture

Whew, good.  Georgesblog FINALLY chimed in - now I can get the straight scoop. (sarc)

Please, Georgesblog, stop plugging your POS site.  If it were any better than ZH I'd already be reading it.

Fri, 01/27/2012 - 18:59 | 2104163 jomama
jomama's picture

Which means a slam down/margin hike Sunday night.

You can set your watch by it.

Fri, 01/27/2012 - 19:18 | 2104213 XenoFrog
XenoFrog's picture

Sad but probably true. Its ok if the price of silver drops 40%, but if it goes up 7% that's way too volatile and requires some margin hikes.

Fri, 01/27/2012 - 21:44 | 2104650 HungrySeagull
HungrySeagull's picture

What they dont understand is drops is time to buy hand over fist physical.

If it is up 7? That is ok, just wait for the next buy. After a few of these 7% becomes real really small against the rolling mass of your holdings.

Fri, 01/27/2012 - 19:43 | 2104278 seek
seek's picture

Maybe... but that should have happened right before OpEx, and it didn't. So they may have changed something in the matrix.

Sat, 01/28/2012 - 03:29 | 2105087 StychoKiller
StychoKiller's picture

Ever see what Driver ants do to any other lifeforms they encounter?

Fri, 01/27/2012 - 21:30 | 2104459 Dr. Engali
Dr. Engali's picture

That's okay. Let them raise the margins. I hope they take them all the way up until gold is non marginal. Then what are they going to do?

Fri, 01/27/2012 - 19:22 | 2104224 Jerry Maguire
Jerry Maguire's picture

They open a 1931 time capsule buried in the Maple Leaf Gardens in Toronto and what do they find?  Among other things, some newspapers from the era. The issues in the headlines? 

The gold standard.  Bank runs.  Currency collapse.

Canada vows to maintain its gold standard.  But Canada didn't even have a central bank back then. 

Interesting stuff.


Fri, 01/27/2012 - 19:34 | 2104245 Dr. Engali
Dr. Engali's picture

Yeah it's nice to see gold and silver have a good week, but how about the returns on 1000 rounds of full metal jacket?

Fri, 01/27/2012 - 19:51 | 2104306 BidnessMan
BidnessMan's picture

Going to the range tomorrow with my new boresight laser for the AK, zero it in, and have some fun wasting some 7.62. Psychic income from making boom booms and holes in paper on a hot range.  Some day the highest and best use of a Benjamin will be as a plinking target? 

Fri, 01/27/2012 - 21:45 | 2104653 HungrySeagull
HungrySeagull's picture

There is enough of those to train with these days.

Fri, 01/27/2012 - 19:50 | 2104303 DaylightWastingTime
DaylightWastingTime's picture

long black iron prison, look to london for the cyanide seed, i'm just one worm looking to not ruin the fruit. empire became impish in a near 300 year old revolution just coagulated. and every apple you wished you could bite into is now a juice.  time 0 was conquest, the sword grows sharper as it falls, who holds the sheath? it all lies in the faith of currency, are you current? and if you are chasing the wave back you will see more land, but is that something you will stab a flag in? it essentially relies on your proclivity to believe, are you an acolyte in a church where the candle of enlightenment can't breathe? the empire never ended. so, could we rewrite the empire by being clever cartographers? maybe there are new boundaries to being, founded in constitutionmal axioms, liberty is not a flag that could be is the only one to be found in low tide because the water will refuse to rise.

Fri, 01/27/2012 - 20:16 | 2104394 Count de Money
Count de Money's picture

The GLD added 21 tons in the last three days.


Frontrunning, bitchez!

Fri, 01/27/2012 - 20:51 | 2104508 Bay of Pigs
Bay of Pigs's picture

Sure they did. I wonder which pile they changed tags of "ownership" on this time? Must be like musical chairs inside that vault.


Fri, 01/27/2012 - 21:08 | 2104569 akak
akak's picture

From an online article posted this very day, by Adam Hamilton:

When GLD was born in November 2004, the goofy conspiracy theorists went nuts.  They were utterly convinced it was some kind of convoluted and nefarious scheme to cap the gold price.  But with gold trading around $450 when GLD was launched, they couldn’t have been more wrong about this ETF being bad for the gold bull.  As I explained two years before GLD was even launched, opening up a direct conduit for stock-market capital to buy physical gold bullion was wildly bullish for this metal.

Not saying I agree with him at all --- I tend to be VERY suspicious of the GLD and the SLV as well, and usually dismiss those who rail at so-called "conspiracy theorists" as just brainwashed, pro-status-quo lemmings.  This guy's gold credentials, though, make me wonder if he has any validity on the GLD at all.  You can check it out in the link in the first line.

Fri, 01/27/2012 - 22:15 | 2104708 Bay of Pigs
Bay of Pigs's picture

Hamilton is a total douchebag on SLV and GLD. Wildly bullish for the metal? LOL...where do you start with this kind of head in the sand thinking?

Sat, 01/28/2012 - 01:40 | 2105001 Jam Akin
Jam Akin's picture

Hamilton does some good analysis at times but he seems to be paid help re: GLD and SLV, Bro.


Sat, 01/28/2012 - 02:06 | 2105029 akak
akak's picture

His seemingly naive and complete trust in these bankster-designed and managed ETFs to be EXACTLY what they purport to be, at face value, with no qualms and no questions regarding their setup or management whatsoever, lead me to tend to agree with you.  Additionally, his attempt to claim that these ETFs are above reproach because they were set up in association with the World Gold Council also tends to make me question this man's integrity, as the WGC has repeatedly been shown to spread half-truths and outright disinformation regarding gold, as well as having for years downplayed if not actively suppressed any discussion of the monetary attributes of gold, constantly trying to portray it as "just another commodity", along the lines of copper or cotton.

Sat, 01/28/2012 - 03:33 | 2105092 StychoKiller
StychoKiller's picture

Read the prospectus carefully (stay thirsty, my friends...)

Sat, 01/28/2012 - 14:37 | 2105701 DosZap
DosZap's picture


Read the prospectus carefully (stay thirsty, my friends...)

Yeah,all of them, cause you will never recieve ONE ounce of Phyizz from any of them.

Its in the "fine pwint".

Fri, 01/27/2012 - 23:22 | 2104828 delacroix
Sat, 01/28/2012 - 02:56 | 2105074 plata pura
plata pura's picture

Sky chief says peak kesef mined @ 22.41zulu star date 112001.27; nations will nationalize their digs. 

Sat, 01/28/2012 - 03:24 | 2105085 BC6
BC6's picture

Gold his hitting new highs and Barney Fag is in love for the 1st time. I think it's a good correlation


Sat, 01/28/2012 - 03:42 | 2105098 akak
akak's picture

Millions of gerbils nationwide are now breathing a big sigh of relief.

Sun, 01/29/2012 - 11:28 | 2107161 prole
prole's picture

"I'm in love I'm in love I'm in love with a beautiful - WTF?"

Sat, 01/28/2012 - 08:48 | 2105295 overmedicatedun...
overmedicatedundersexed's picture

you cannot have an NWO with people vote's determining who governs..selected for us by the reptile elite..that is why RP will never get near 1600 Pennsylvania ave. in diebold I trust. in America the sham of fixed elections has got the "conservative" radio voices trying to ramp up voter interest - too many of the voters are not playing in the game.

how do you write in Ron Paul on a diebold touch screen?

Sat, 01/28/2012 - 23:06 | 2106490 Papasmurf
Papasmurf's picture

It's programmed as the third choice, "abstain".

Sat, 01/28/2012 - 21:01 | 2106228 suckerfishzilla
suckerfishzilla's picture

American citizens probably own more Silver than the measly 128 million ounces held in the comex vaults.  We are the squirrels with the big nuts and not them. 

Do NOT follow this link or you will be banned from the site!