Curious What Just Took Down Gold?

Tyler Durden's picture




 

Gold just slid by almost $10 in the span of a few minutes, starting at 2:40 pm.

Curious why? Here is what took it down. From 2:38 pm.

And that, ladies and gentlemen, is an idiot market, driven solely by headline scouring algos.

Why, if one really wanted to crash the market, one could just tweet "Bernanke resigns" and the S&P would be down by 50% in the next millisecond...

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Thu, 02/23/2012 - 16:00 | 2190225 slow_roast
slow_roast's picture

no fucking way!

Thu, 02/23/2012 - 16:03 | 2190237 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Ironic, right?  Because if not I would like to be the first to ask Tyler to twat endlessly about margin hikes.  Daddy needs to buy more!

Thu, 02/23/2012 - 16:03 | 2190249 Careless Whisper
Careless Whisper's picture

The Careless Whisper Afternoon Diversion & Threadjacking

VIDEO Mashup: Mitt Explains Why He Loves Michigan (The Trees Are The Right Height) With A Scene From Will Ferrell's "Anchorman"

http://www.youtube.com/watch?v=VZbA5RM97DI

 

 

 

 

Thu, 02/23/2012 - 16:10 | 2190287 Comay Mierda
Comay Mierda's picture

tyler - use your new found power and tweet "GREECE DEFAULTS"

Thu, 02/23/2012 - 16:22 | 2190351 SHEEPFUKKER
SHEEPFUKKER's picture

The CME just lowered margins a few weeks ago. If they turned around and now starting raising them again then that would just expose them even further for the sham that they are.....as if they needed more proof. 

Thu, 02/23/2012 - 16:28 | 2190371 SilverIsKing
SilverIsKing's picture

JUST.BOUGHT.MORE

Thu, 02/23/2012 - 16:35 | 2190399 VanillAnalyst
VanillAnalyst's picture

Anyone with a legal background care to comment on this? If you intentionally manipulate a market, albeit by exploiting a blatant weakness in the socialbots, have you committed a crime?

Thu, 02/23/2012 - 16:38 | 2190411 SHEEPFUKKER
SHEEPFUKKER's picture

You mean a crime where you actually get charged with something?  

Thu, 02/23/2012 - 16:40 | 2190422 trav7777
trav7777's picture

FUCK YOU TYLER, YOU KILLED TEH GOLEDZ

Thu, 02/23/2012 - 16:55 | 2190515 Comay Mierda
Comay Mierda's picture

all ZHers should coordinate a tweet assault on the market to prove how fucking broken this piece of shit sknyet market is.  lets all plan on tweeting "GREECE DEFAULTS" tomorrow at 10:03am EST

Thu, 02/23/2012 - 17:03 | 2190564 Fluffybunny
Fluffybunny's picture

Use your newfound powers wisely, young padawan.

In other words: Bring it all down.

Thu, 02/23/2012 - 19:46 | 2191157 Hard1
Hard1's picture

But it defaulted at 10:01 this morning!!

Thu, 02/23/2012 - 21:56 | 2191460 Victorio
Victorio's picture

no seriously, is this shit for real!?! someone please chime in with the straight dope. please elucidate tyler...

Fri, 02/24/2012 - 08:27 | 2192211 bernorange
bernorange's picture

ZeroHedge Twitter feed has "good kung fu".  The road to neuromancy lies before you Tyler.  Watch your cornhole.

www.pmbug.com

Thu, 02/23/2012 - 17:17 | 2190621 AbruptlyKawaii
AbruptlyKawaii's picture

i stopped twatting but i would open an account just to do this !

 

i m down 10:03 am tomorrow

 

Thu, 02/23/2012 - 18:30 | 2190895 ChrisFromMorningside
ChrisFromMorningside's picture

I'm in. 10:03 EST.

I guess I'm clueless ... I had no idea that this market was such a farce that the quants programmed the algos to read Twitter. Any hashtags that would be useful to include?

Mon, 02/27/2012 - 15:39 | 2201341 Silver Bug
Silver Bug's picture

The central banksters strike again!

 

http://www.allthingsluxury.biz/

Thu, 02/23/2012 - 18:52 | 2190984 4horse
4horse's picture

no

ethnic in-click can do what they want --not you

 

any invite otherwise . . . rsvp is directly to dhs, cheka, nkvd etc

caveat: vewy vewy kwwiet

http://chatalittlechat.com/wp-content/uploads/2011/06/elmer-fudd.jpg

 

otherwise mostly goofy motherfuckers have how many now in on the grotesque goof together, fuddhunting dunces, numbskulls --poor dumb muslims-- but soon numbers . . .

anyone. anywhere. any body fed-up fudd-up fullup fema numbers . . . behind schedule and, Timing, low-quota,domestically slow, have to start to pick-up somewhere. someones. somebodies, not theirs, whatever they do in the doing but, however goofy, indeed getting it done

http://www.theoccidentalobserver.net/articles/MacDonald-Solzhenitsyn-200-Years-Together-18.html

 

 

 

 

 

have someone already now doing time --for nothin-- not a nickel not a dime, stolen, but very much in their clutches and on their clock, incarcerated   .   .   .   and taking their own sweet tortuous time enjoying it, over what was otherwise just an insult

Thu, 02/23/2012 - 19:19 | 2191066 Bolweevil
Bolweevil's picture

I'm in.

Fri, 02/24/2012 - 02:47 | 2191941 StychoKiller
StychoKiller's picture

Go for the gusto and do "Bernanke resigns!"

Thu, 02/23/2012 - 22:44 | 2191585 SILVERGEDDON
SILVERGEDDON's picture

Tyler - tweet - TRAV 7777 IS LOOKING FOR ANOTHER BIG RED ARROW UP THE BUNG HOLE ON ZERO HEDGE - PLEASE HELP

Thu, 02/23/2012 - 16:49 | 2190483 VanillAnalyst
VanillAnalyst's picture

Yeah I mean like the SEC showing up and putting some uncomfortable bracelets on you.

Thu, 02/23/2012 - 16:38 | 2190416 trav7777
trav7777's picture

only if you are not an approved market manipulator.

Thu, 02/23/2012 - 17:22 | 2190652 VanillAnalyst
VanillAnalyst's picture

Wasn't trying to imply that profiting from the stupidity of others is wrong. This is America.

But I was just curious what the implications of someone, who probably does have gold holdings, saying they think their comments may have given them a momentarily more attractive entry point, are. I mean, is that not sort of the definition of short and distort securities fraud? Right or wrong, I was just curious lol.

Thu, 02/23/2012 - 19:36 | 2191120 rosiescenario
rosiescenario's picture

It would be considered a 'virtual' crime and therefore would require a 'virtual' punishment....moreorless like those doeld out by the SEC to any large WS bank.

Thu, 02/23/2012 - 16:49 | 2190487 Floordawg
Floordawg's picture

Just let us know beforehand so we can position ourselves accordingly, wink-wink. ;-)

Thu, 02/23/2012 - 18:42 | 2190943 viahj
viahj's picture

you're not Warren Buffett.

Thu, 02/23/2012 - 16:52 | 2190505 njrod
njrod's picture

I have some tweets and facebook posts to make...

Thu, 02/23/2012 - 19:58 | 2191182 widget
widget's picture

I'll RT

Thu, 02/23/2012 - 20:39 | 2191285 WmMcK
WmMcK's picture

Prime Minster Venizelos defaults on Greece's sovereign debt.

Dateline 1932 - We have been here before.

Thu, 02/23/2012 - 16:10 | 2190288 redpill
redpill's picture

Ok, I'll hop in UGL, and then please tweet a margin relaxation Tylers

Thu, 02/23/2012 - 16:12 | 2190297 lineskis
lineskis's picture

I just hope for you, you shorted that move with an infinite leverage! xD

Thu, 02/23/2012 - 16:31 | 2190380 AbruptlyKawaii
AbruptlyKawaii's picture

can you please tweet "famed investor the oracle of omaha warren buffet dead at 89" or "contrarian investor barton biggs dead at 103" they're both in my  dead pool.  wait how does this work again...?

Thu, 02/23/2012 - 16:50 | 2190477 redpill
redpill's picture

I'm totally tweeting RIP Warren Buffet

https://twitter.com/#!/__redpill__/status/172785096389169152

Thu, 02/23/2012 - 16:04 | 2190262 SGS
SGS's picture

They just lowered it a week ago. 

Go CME! Go CME! Go CME!

Homotrons.

Thu, 02/23/2012 - 16:10 | 2190279 bdc63
bdc63's picture

3:00pm ... RIGHT on time

Thu, 02/23/2012 - 18:16 | 2190852 mr_T
mr_T's picture

Drop u just heard is only a test of the ZH emergency broadcast system. In an actual event the $ of .... Blah blah you get the point.. u feeling lucky punks...

Thu, 02/23/2012 - 18:57 | 2190996 dumpster
dumpster's picture

Immediately Zero Hedge posted the below story, once again showing they may be "warm," but will never be "hot." Once again, the supposedly smartest website on Earth COMPLETELY and UTTERLY missed the point as to both why it spiked higher (or lower)and when. This bull market won't slow down until the DUMB people figure it out, and given that the SMARTEST ones have no clue, gauge for yourself how much longer we have to go.

ranting andy

Thu, 02/23/2012 - 16:22 | 2190349 vast-dom
vast-dom's picture

yes fucking way! SO LET'S JUST FUCKING "tweet "Bernanke resigns" via AnoNyMouS hack and let's get this infinite zero fictional fractional market party $taRteD!

Thu, 02/23/2012 - 16:25 | 2190358 BLOTTO
BLOTTO's picture

Expect us?

 

Thu, 02/23/2012 - 16:49 | 2190486 Xibalba
Xibalba's picture

Merkel/Sarkunt too

Fri, 02/24/2012 - 02:47 | 2191940 merizobeach
merizobeach's picture

The possiblities are nearly endless...

"ITALY DEFAULTS; RIOTS IN ROME; VATICAN BURNS, GOLD STOLEN!"

"STRAIGHTS OF HORMUZ ERUPTS, CLOSED TO ALL TRAFFIC!"

"RUSSIA AND U.S. AGREE TO HAARP-QUAKE CHINA; 9.9 TREMBLOR RATTLES BEIJING!"

Thu, 02/23/2012 - 17:04 | 2190565 redpill
redpill's picture

the various anon accounts have huge number sof followers too...they could really screw with the HFT bots if they wanted

Thu, 02/23/2012 - 16:42 | 2190430 Scottj88
Scottj88's picture

I think you are being a bit egotistical...

It's simpler than that... the algos had to retest support because the only direction gold is ultimately going is up. Just the pattern will be bumpy..

Percpetion is the name of the game?

And price drives that...

I enjoyed the humor however

:)

Thu, 02/23/2012 - 16:01 | 2190226 YesWeKahn
YesWeKahn's picture

LOL

Thu, 02/23/2012 - 16:01 | 2190227 Roy Bush
Roy Bush's picture

At least Tyler is getting the respect he deserves!

Thu, 02/23/2012 - 18:46 | 2190960 dumpster
dumpster's picture

to think that headline on zero hedge, about margin increase had a mimisecond to do with the crash of gold . is hubris at best and stupid. 

these shake downs happen with frequency .. like about a thousand times at 3.00 am

those that think other wise have not been following gold .. and are neebees of the first order .

even tyler does not get it. he hims and haus .. making a rasping sound as he tweets is lips with the forefinger . 

the powers can not allow gold to break out . so they cap it at regular intervals .

 

Thu, 02/23/2012 - 16:01 | 2190228 DavidC
DavidC's picture

Can't somebody do the same for the stocks please?

DavidC

Thu, 02/23/2012 - 16:01 | 2190230 sdmjake
sdmjake's picture

Thanks for the buying op...

Thu, 02/23/2012 - 18:53 | 2190987 ChrisFromMorningside
ChrisFromMorningside's picture

I only green arrow'ed cause of your avatar.

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