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Bloomberg Headline Of The Day
While we wait, and wait, and wait for the neverending story out of Athens to finally end, we present some comic relief. Not even sure where to start with this headline du jour from Bloomberg, there is just so much 101% concentrated #win here...
- GOLD WILL RISE TO $1,250 IF EURO ZONE ENDS, ECONOMIST SAYS
Ph.D, baby. Ph.D.
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Back up the truck bitchez!
Crude must be going up to 85 then -http://hedge.ly/xPoM7d
Yeah but you can't eat gold or crude, so what's the point?
Is it just me or did Tyler edit this to underline the key words in the headline???
I mean, really T, what must you think of us... we aren't THAT hard of thinking! :-)
Look at the comments below. That should be enough for you to retract this post.
The thing is... people aren't interested in gold... it's not backed by anything. The dollar, on the other hand, is backed by the federal reserve. There is still time to convert your relics to something you can use.
That calls for a /SARC.
Huh? No sarcasm... I saw it on the television... must be true: http://www.youtube.com/watch?v=ZLL2r3hXmjA - Sounds like you should watch more TV... you might learn something. :-)
How much do they pay that klutz?? Anything above zero and they've been had.
she's pretty ain't she? so who cares what she says
Works better with the sound off.
And that is the truth. NO sarcasm.
I'm sure she has plenty of skills.
Don't listen. Jokes aren't very funny if you have to say "that was a joke" at the end.
It was a moment of weakness.
So's turning on CNBS.
Hey, she's on TV. Are YOU on TV? No you're not on TV.
Sound's like sour grapes to me. I rest my case.
Finally someone speaking the hard cold truth... :)
dollar is backed not by federal reserve but by working americans who produce. But i must say they are quite lazy so it is better to be in yuan and use chinese labour instead
Not sure about the EURO currency...
But the EURO ZONE - will not end.
Its the new Empire (Roman)
He probably got that $1250 quote yesterday from Cash-4-Gold.
Or from Pawn Star
$1250, best I can do
That's six months of cat food grandma, take it or leave it.
Speaking of Cash-4-Gold...
Priceless humor.
http://www.wtfeck.com/2150/cash-4-gold-painted-rocks-letter/
Or Cats-4-Gold....
Funny.....yes
Priceless........no
There are those of us that have to bang phones for a living and tools like this can work severed nerves.
+100 for "ungreased, hammer-time love-making session" with our telemarketer Carol..."
ROFLMAO
"backdoor".......?
"feral and preposterous" -- alltime favorite!
She must be a cougar!
He should have shipped micro-plated Tungsten instead...
"Seasoned geologists"? I've heard of people sending them tungsten and getting money back. Ain't nothing seasoned about that.
he really meant 1,250 (pound) sterling...no?
"$1250 ?"
Has this learned philosophiae doctor been on the loo reading Vanity Fair, whilst gold has risen this past decade ?
Such an insular, myopic lot -- but, as the old saw goes, you can tell a Harvard man, but you cannot tell him much.
He meant K$1250. He is measuring in KiloBucks.
No, what I think they meant was €1,250...
Which is even funnier because if the Euro zone ends, why price stuff in Euro?
Maybe it was Clesius?
soon...so will the fed
Apples should be compared to apples. Gold is honest money and something that one will be able to use to acquire any available goods or services when the shit hits the fan (as history has proven several times). It was never intended to be eaten... who in his right mind was hoping to eat it? Thus, comparing apples to apples (in terms of a medium of exchange), applying your logic, can you eat fiat money? Hell no! Thus, try to acquire and store guns, gold, silver, food and other necessities, don't reject any of these, especially not based on lame excuses for inaction or whatever your true reasons might be for rejecting gold. I apologize in advance if I've got the cat by its tail or if this offends you in any way, but we must get passed the point where excuses such as "you can't eat gold" get uttered, because it perfectly serves the interests of our current masters.
According a new FBI report, comparing apples to apples is a terrorist red flag. You should compare apples to oranges or more appropriately, bananas.
Ya, owning Gold in the 99% ranks rates you as a financial terrorist, however owning bananas seeks the wrath of the FDA.
Lost all mine in a boating accident.
Gold or bananas?
Truee, but you can change it for food !! Nobody will give you food for worthless paper !
Exactly, that is why fiat money should be exchanged for gold, silver and other necessities before it becomes utterly worthless.
I think they forgot a zero...
best...... :)
alx
A zero AND comma in the wrong spot!
lol ...now load the truck bitchez!
Truck-loading is now considered a terrorist act...
absolute genius
HFJ = High Frequency Journalism
With Real Time Polling (rtp)
To Direct the flow of the future.
Where perceived meets reality through
A feed back mechanism known as the Drudge.
Soros calls it "theory of reflexivity".
If they 1250. Then 1250 is what it shall be!
With Real Time Polling (rtp)
To Direct the flow of the future.
Where perceived meets reality through
A feed back mechanism known as the Drudge.
Soros calls it "theory of reflexivity".
If they 1250. Then 1250 is what it shall be!
Great article about Germans and Euro... http://heavenbounf.blogspot.com/2012/02/tinkerbell-economics-confidence-... funny how they think it will go in Greece..
Tinkerbell Economics – The Confidence Fairy, Pixie Dust and a Sleeping Dragon Daniel Alpert, EconoMonitor
http://www.bloomberg.com/news/2012-02-08/bernanke-led-economy-proving-cr...
Bernanke Economy Proves Critics Clueless on FedWe have a contender to the throne today.
I'd be buying at $1250...just like I did before...
2250 maybe
And the end is coming.
I'm missing something here. Gold is 1700+...is this shotty journalism. Someone get in the wayback machine. Fix this please.
maybe he meant $2,250
Or maybe he meant FALL
Oh wait, he's an economist, he meant both of both, that way he can come back later and say one of his scenarios was correct!
Maybe this was Mr Market Ticker.
I BAN YOU!
will rise? from what the ashes?
anybody know what they wanted to put there... before the typo?
Typo? The retail investor probably has no idea what the price is.
rise to $1250? some other dollar? I don't get it
Code.
Maybe they were referring to silver.
in that case, I get it now
It will rise negatively??? Oooo.
Bloomberg rehypothecated that story from AP and that was hyperhypothecated from Reuters.
Dec. 13 (Bloomberg) -- Gold, in the 11th year of its longest winning streak in at least nine decades, is poised to enter a bear market, according to Dennis Gartman, who correctly predicted the slump in commodities in 2008.
The metal, which traded at $1,666.30 an ounce at 2:43 p.m. in London, may decline to as low as $1,475, the economist wrote today in his Suffolk, Virginia-based Gartman Letter. He sold the last of his gold yesterday. Bullion has already dropped 13 percent from the record $1,921.15 reached Sept. 6 and $1,475 would extend that to more than 20 percent, the common definition of a bear market.
Gartman is a goverment mouthpiece.
Bberg just corrected....should have been $2,500/oz.
Now that we are all on the same page....
[cracks knuckles]
....how about we get ahead of the idiot media and front run this bitch.
Buy some silver yo
So they were measuring in half-ounces before. (Or maybe it's going to get to $1250 a gram. I'd pay 100 trillion in Zimbabwe dollars for an ounce of gold, and I can afford ten ounces right now. Any takers?)
Let me check my tungsten supply and I'll get back to you ASAP
So the 1/2 ounce is the new ounce?
Just like my coffee. Same price, less coffee.
I wish it was that way for .gov. Same price less gov.
Dream on
I like following the Kitco market page especially for the chart on the left with markets...It's lit up like a Christmas tree right now.
I don't understand. Gold is at $1746 now, so how could it "rise" to $1250?
I'm probably missing some irony here or something.
anti-matter yeast...
This is after the 1:4 reverse split on FRN's.
A rise from 1750 to 1250 is possible only, if the price goes to infinity first.
the odometer on my '82 Fiat read 1250 twice...once in 82 and once after it rolled over a million..
So...are we talking negative increase here or what? They must have been braindamaged from thinking too much about FED going negative on those interest rates.
Fuck the Paper Bugs!
I'm guessing $2150... don't think it's rise BY $1250. (to $3000)
Obviously NOT a PhD in common sense nor mathmatics.
Tyler,
I submit a better "Headline of the Day" to be Larry Fink saying, "Go 100% All-In Equities". wow...
So silver will skyrocket to $15 then?
Better headline - Larry Fink closes all bond funds because he feels bad that he is helping people avoid being 100% long equities
B l o.O m b e r g
hey the news is already corrected on BB
The US is FAR too dependent on China for Gold.
"Drill, baby. DRILL!"
This guy needs more gold and less pot.
i'll take more of both
An ounce of Au will get you a Kilo of homegrown.
http://cannagen.com/inv/strainimg/2/22258_4ccfc85cd35f3.jpg
Please post your contact info.
regards
DP.
...fucking awsome...
Maybe he meant to say silver.
link to original article?
let me make a guess..
in case of 'euro end' ireland/spain/greece/portugal and probably italy will
default and/or restructure debt..
so this guy assumes bond investors will be FORCED invest in $$$, thus we gonna
have $/euro parity or even worse 0.8/0.9 $ per euro
it make sense for a second, but i doubt that
alx
Also remember that if the euro zone fails, the dollar will go crazy strong for a short period (until the contagion gets digested by the masses), lowering the (paper) spot on gold/silver etc. and other commodities... Which will bleed through to the physical price somewhat... note pretty much every 'dip' in the price this year is when the dollar rises against the euro... Thats the buy window i'm looking at ;-)
maybe Bloomberg is not important after all.
"GOLD WILL RISE TO $1,250 IF EURO ZONE ENDS, ECONOMIST SAYS"
Ph.D, baby. Ph.D.
ZH ridiculed a typo?
What was the type? Meaning $12,500?
Doesnt even make sense that it was a typo.
Do you think that gold will rise to $1250?
Maybe they left off a zero?
They are reverse engineering the HFTs. Do they trigger on the number or on the direction.
this just in .... POSSIBLE THAT THURSDAY IS FOLLOWED BY FRIDAY!!!!!!
OBAMA TAKES CREDIT FOR THE FRIDAY SURPRISE IMPACT
BUSH ...BUSH...BUSH...WHAT WOULD WE DO WITHOUT BUSH?
I PREFER A TRIMMED BUSH BUT I UNDERSTAND, DIFFERENT STROKES
WHAT WOULD WE DO WITHOUT BUSH?
Blame Nixon ?
If the Eurozone breaks up, the mutual bailouts and three card monte comes to an end. That would bring about the worldwide collapse Uncle Sam has postponed by cramming US dollars in all the holes in the dyke. In such a case, gold would ramp past $2500 inside of ten minutes.
cant find the headline on bloomberg
Do you have a Bloomberg Terminal?
nope, so what did they correct it to?
1250? <sigh> fossickers and their dreams. Paul Van Eeden says fair value is around the 900 dollar/ounce level, and he isn't talking about silver.
I mean the day that gold closes over 1200 is the day that all the tinfoil hatters declare their pyrrhic victory, and the blood in the streets will be up to your ankles.
Ridiculous, it only costs 5 dollars to get it out the ground.
Yeah. Probably...but first platinum will surpass it. Too many strikes in S.A. T minus $81 and counting. tic. tic. tic. BwaaaaHaaaaaHaaaa!
He meant $2,250.
This was a common target for most gold projections for 2012 I saw (some even had $2,500 as early as last year).
I agree that Gold at $2,250 at some point this year, most likely summer (when Greece defaults), is a good target to set.
Remember, TPTB cannot have gold go too high. The public is smart enough to know that gold (and PMs) is A) the hedge commodity of choice against risk and B) IMO, a perfect indicator on how the real economy (you know, the one we live in, not the one on a fucking spreadsheet) is going.
If it were ever to get to $2500-$3000, they'll get worried. Inflation will finally hit wallets it counts most - food/oil. And crime will spike (and pawn shops) as criminals will find it too tempting, and a great rate of investment, to rob people of their gold rings, trinkets, etc. People will get restless when Cobra Commander sets the USD on fire.
When you have a healthy fiat (backed by actual capital, whether it is gold, silver, exports, worker wage confidence, whatever) and a healthy banking system, Gold should be down.
It isn't because.....well.....we don't have a healthy economic system. It is quite rigged. Until they can't control it no more. The free market WILL correct the fraud, and gold/silver is the benchmark.
Can there be a greater fool than an educated fool? ( rethorical question )
PhDs in science rule. Everywhere else, not so much.
Now we know the indentity of Tyler's mole in the Fed.
http://www.economicpolicyjournal.com/2012/02/disclosed-fed-prez-who-owns-over-1.html
not today...
a friend in shipping told me today.. he waits for the $ to fall a bit more.. ( shorterm ) to 1.35... to go n buy 5 vessels...
mean time
ROYAL BANK OF SCOTLAND - EURO BREAK/UP CLIENT DISCUSSION !!
http://www.scribd.com/doc/80925014/RBS-Euro-Break-Up-Client-Discussion-D...
and again from
NOMURA - the TRUTH in 2 SLIDES !! a snap shot of EU and periphery
http://www.scribd.com/doc/80925001/Nomura-Periphery-25-01-2012-THE-TRUTH-PP
pp
Yeah this will end so well... NOT.
Foreign Press Rents Tel Aviv Rooftops to Cover Iran War
http://www.richardsilverstein.com/tikun_olam/2012/02/07/foreign-press-re...
War is close. Real close.
Probably talking about gold in a foreign currency.
Here's a chart of gold in the majors:
http://stockcharts.com/freecharts/candleglance.html?GLD:FXE,GLD:FXY,GLD:...|D
Robo kicks himself in the ass daily for dumping his gold at $900. Sucks to be you. Get over it.
Gold at 5,000 i would still buy, Silver at any price am buying!
+1
so many paper bugs _I_
@SD1
Remember the old saying... "A fool & his gold are soon parted..."
Comma is a decimal point over there. He obviously means $1.250.
WOW these economists are GOOD!!
Maybe the guy was referring to 1/10th oz gold coins?
Arbitrage for the squid.
'If the Eurozone ends, the 'price' of gold will probably be the last thing on anyones mind'.
There, fixed it.
Fiat has gotten so low it's hard to keep track of what gold's at I guess. Wait till it gets to 5 figures. Dam near impossible for them.
submitted by noteworthy narcoleptic economist Rip Van Bloomwinkle?
This is probably the same PHD that writes "Stocks Rises On Greek Debt Hopes" every day on Bloomberg/cnbc
$1,740 + $1,250 = $2,990.
Thanks Bloomberg.
New target for 2012: $2,500-$2,990/oz gold!
They meant silver.
India will buy another 200 tons:
http://timesofindia.indiatimes.com/business/india-business/Full-circle-I...
Told you guys gold would exit the Eurozone.
They fixed it....they meant it will rise to $950
Are you sure he didn't mean 12500?
What's the only difference between and economist's prediction and a layman?
The layman knows he doesn't know the expert thinks he knows when he doesn't know.
Dude left off the lead 1: $11,250 p/oz. is about right. At that level it would soak up a good portion of the oceans of worthless paper the banksters fund their BS machine with. This is what gold does during the late terminal stages of the latest fiat brainfart some genius cooked up. They're all just ponzi's writ large, what, we're going to act surprised and all when the latest iteration of funny money goes tits-up? It will happen everytime, with or without a Fed with a fleet of money-dropping helicopters.
But it will be closer to $25K p/oz to equalize the scales. The fact that the cartel is working hard to keep gold under 1750 today means only just one thing: more time to exchange trash paper for that which is Real. That which is to be found in the vaults and safes of every wealthy person in the world. They know what is Real and what is trash for the proles.
You should too. Anyone not accumulating physical silver and gold at these supressed prices, month in and month out, by this late date (and in light of all we now know) is surely a brain-dead fool past any hope of recovery. If you're in that category, you know who you are. And those folks should really hope Clif High is right about 3/2, it will be much faster this way...
Your last 26 days of life....Newsflash:
In a little-noticed amendment to the debt-ceiling extension act of January, 2012, Congress has directed the National Bureau of Standards, Department of Commerce, to reduce the mass of the official measure of one troy ounce by 15.456% ....
Its like if it were on the cover of TIME.
1250
You better fuckin believe it.
They mean $1250 per gram, right?
"Gold will rise BY 1250 clams if EZONE ends"
HTH
Top of the mark, son
Without a screen grab, this is worth nothing. Furthermore, the verb is wrong, but the price may be right. Over the past months (years) gold has fallen with the euro. It may not make sense, you may not like it, but it has happened, and is happening today. Some people/machines sell gold when the euro falls.
Notice the underlined word "Rise".
Have you heard that Chicago has a 10% employment rate?