- advertisements -
Good. Bring it.
GERMAN Credit downgrade Coming .?. Rumors are starting, you know what that means !!!
http://www.kitco.com/ (Kitco News) -
December Comex gold futures in late-morning trading Thursday have rebounded well off the daily low of $1,705.40 on cautious investor bargain-hunting buying, but prices remain below unchanged on the day. Investor risk appetite in the market place has pulled back a bit Thursday as the U.S. stock market sells off amid some rumors coming out of Germany. There were rumors that Germany's credit rating would be downgraded, but the major ratings agencies have denied such. There were also reportedly rumors that German exchange officials would implement short-selling bans market place. That rumor is also unfounded, so far. December gold futures last traded down $20.00 an ounce at $1,737.80.
The last strategy I used was great... short gold on forex with 50:1, buy the dip with the profits. it's just too fucking easy when they flat out tell you what they are gonna do.
Isn't Forex just for currencies?
Also have access to commodities, indices, etfs, major stocks... all with great margin and no daytrader restrictions (i use platforms that flat out ban anyone from the US)
"All your platforms are belong to us."
Dr. Sashimi said it's gay to buy gold...
Both of these guys are clowns academics who do not really understand markets or investing psychology. They should stick to what they are good at, uttering meaningless nothings in pompous rummy tones.
Gold margins are being hiked because Chavez wisely removed his physical gold from the control of the western banksters, and now margins must be raised, and prices dropped to shake out the weak hands.
So he's saying holding onto your ass is gayer than passing your ass around like a fucking buffet to central bankers?
Don't look now, but ppl are going to think THINGS aboot Roubini!
Lucky you... who is your forex broker cant' do that with OANDA anymore (residing in USA)
I've been pretty happy with 4xp actually... dump in a nice pile of cash and they give some damn nice service. metals margins up to 1:100, 1:4 on stocks
I'm an online gambler, and 4xp reminds me so much of my online books it's not even funny. Right down to the "double bonus promotion" for ponying up. Love it, may have to open an account after I figure out what vig they are charging!
Yea, their withdrawal is kinda annoying and they have a horrible connection to China... that's my only complaint and the main reason i'm swapping over to aaafx most likely (also better spread). just drop in like 5k, zulutrade people who know what they are doing for most of it and a nice stable return, and play the gold/silver/stocks on my own when i get a hunch.
Yup. Make my day (and BTFD)
Just wanted to note that this information is now 2 hours old, and futures have been flat. So, basically, they just prevented it from running to $1800 today.
If they chase out ALL the weak hands then they'll not have that weapon to use the next time gold goes up.
They've gone as far as they can go (2 hikes in 3 weeks) without completely ridding the gold market of speculators. If they go nuclear then we have reached End Game.
They are doing these margin raises way too soon. No one is in yet. The COT reports don't even show any participation. This is like raising margin on silver after it went from 16 to 18. No one is even paying attention yet.
I totally agree. Gold, as of 3:58 CST, is now up $21.20 USD. If they use all the bullets now they are saying that the fiat currency troubles are behind us. They don't have the balls because they know we are just getting into the thick. They have a few more increases and a lot of rumors left. Thats it. The genie is out of the bottle boys!
Game on SUCKA'S!!
this is actually good news for those who buys physical with cash :) - the market overall becomes less speculative and the prices more real
I'm sorry to all the speculators but man do I hope gold overshoots in this drop. The buying opportunity will fit perfectly with my cash flow. Actually, if the speculators were smart, this will be a big money maker for them too. Right?
Yep, this is a great buying opportunity! Once it's an all cash requirement, they have no more bullets.
Buying miners right now...
Agree. This is nothing more than squeezing leverage out of the system and enabling price discovery. Raise margins to 100% and get it over with.
Damn right! Bring on the margin hikes... Get everyone out of the game except those holding physical and those with really, really deep pockets... like soverign nations.
Then we will find out what gold is worth in crumbling fiats...
If the price doesn't come down today, aren't the shorts fucked? Options expiry today, no?
We are back from vacation. All I could do was watch the spike to over $1900.
They just knocked down the price of physical oz for me! Out tomorrow or Saturday to buy a little more
Thanks guys for one last chance!
love it.....bring it on.
Don't Hollywood deaths and PM margin hikes come in 3's?
Obama better be carefull because the black man always dies first....
Fed's Economic Horror Show is tough on the black man.
Hep, @ 17:15,
Not any tougher than any other American................hungry, is hungry, no money, is no money, losing it all, is losing it all.........for EVERYONE.
Seen the lines for jobs?................their all Americans, and all a different color, nationality.
margin hikes are bullish for gold. they get the sickly on-margin speculators out of the market, and allow us all to buy the fucking dip. the more the better.
Margin hikes are the only tricks the shysters running COMEX have left. Each one should be less effective then it's predecessor.
Driving down the price of gold in August is perfect for Asia. Their huge physical buying season is right around the corner. They'll be able to buy all the gold they want at a discount.
...things are leaking all over http://birdflu666.wordpress.com/2011/08/24/plans-of-germanys-finance-minister-for-a-dictatorial-euro-bailout-fund-leaked/
Please be advised
Please be advised
That we will take all your shit, nigga
Not if it's in Canada.
Margin hikes? Is that only punch you know how to throw? Pussies!
I got phyzz! So, hike THIS!
The chain gun reaction of Margin hikes continues. This is pure and blantant manipulation. The price has dropped. But they now fear that it is holding steady. They now wait to kick Gold in the face when it is down, just like they did with Silver. But we all know what happened with Silver, it won't stay down for long.
Silver Bug,@ 14:09,
Yes, and I r po'd..............Gold was at 1708 this a.m., and since we got hit w/2 margin hikes one Asia,one CME, I figured it would go down to at least $1670-80.
Missed this one, hope they knock it down again, I will not so stupid this time.
I do not believe they can KEEP gold down as they did Silver.As I type we are at 1775.00, so, I scrwed the pooch big time.
I hear that. Bring the hikes we'll get our chance to load up ;)
They can hike the margins on paper all they way. As paper runs into a shortage of physical gold:
Don't be surprised to see the paper price vs. physical prices diverge. When that happens, paper becomes worthless and the real thing goes to the moon.
Already happening. Last time I looked, SLV a buck or 2 below spot; on the other hand to get my eagles, I pay a several $ premium over spot. The gap will continue to widen, until the paper blows up altogether.
That's not the divergence you're looking for, it's just the dealer's vig. That hasn't changed much... yet. when SLV cost a buck, and an ASE goes for a c-note, then we can talk about divergance, Until then, keep your head, and time your moves very carefully. dangerous trades everywhere right now.
That's probably because you got jacked.
I know lots of y'alls love gold and silver, but you gotta say, the people who are selling your coins or bricks or whatever are certainly making a lot of money.... and you can see why they'd be so interested in promoting the boom.
btw, have you ever tried to sell a diamond? Most people have bought them, but try to sell one and you can see how much money they are really taking from you.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.