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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 | Link to Comment slow_roast
slow_roast's picture

no fucking way!

Thu, 02/23/2012 - 16:03 | Link to Comment 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 | Link to Comment 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 | Link to Comment Comay Mierda
Comay Mierda's picture

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

Thu, 02/23/2012 - 16:22 | Link to Comment 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 | Link to Comment SilverIsKing
SilverIsKing's picture

JUST.BOUGHT.MORE

Thu, 02/23/2012 - 16:35 | Link to Comment 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 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

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

Thu, 02/23/2012 - 16:40 | Link to Comment trav7777
trav7777's picture

FUCK YOU TYLER, YOU KILLED TEH GOLEDZ

Thu, 02/23/2012 - 16:55 | Link to Comment 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 | Link to Comment Fluffybunny
Fluffybunny's picture

Use your newfound powers wisely, young padawan.

In other words: Bring it all down.

Thu, 02/23/2012 - 19:46 | Link to Comment Hard1
Hard1's picture

But it defaulted at 10:01 this morning!!

Thu, 02/23/2012 - 21:56 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Silver Bug
Silver Bug's picture

The central banksters strike again!

 

http://www.allthingsluxury.biz/

Thu, 02/23/2012 - 18:52 | Link to Comment 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 | Link to Comment Bolweevil
Bolweevil's picture

I'm in.

Fri, 02/24/2012 - 02:47 | Link to Comment StychoKiller
StychoKiller's picture

Go for the gusto and do "Bernanke resigns!"

Thu, 02/23/2012 - 22:44 | Link to Comment 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 | Link to Comment 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 | Link to Comment trav7777
trav7777's picture

only if you are not an approved market manipulator.

Thu, 02/23/2012 - 17:22 | Link to Comment 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 | Link to Comment 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 | Link to Comment Floordawg
Floordawg's picture

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

Thu, 02/23/2012 - 18:42 | Link to Comment viahj
viahj's picture

you're not Warren Buffett.

Thu, 02/23/2012 - 16:52 | Link to Comment njrod
njrod's picture

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

Thu, 02/23/2012 - 19:58 | Link to Comment widget
widget's picture

I'll RT

Thu, 02/23/2012 - 20:39 | Link to Comment 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 | Link to Comment redpill
redpill's picture

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

Thu, 02/23/2012 - 16:12 | Link to Comment lineskis
lineskis's picture

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

Thu, 02/23/2012 - 16:31 | Link to Comment 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 | Link to Comment redpill
redpill's picture

I'm totally tweeting RIP Warren Buffet

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

Thu, 02/23/2012 - 16:04 | Link to Comment SGS
SGS's picture

They just lowered it a week ago. 

Go CME! Go CME! Go CME!

Homotrons.

Thu, 02/23/2012 - 16:10 | Link to Comment bdc63
bdc63's picture

3:00pm ... RIGHT on time

Thu, 02/23/2012 - 18:16 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment BLOTTO
BLOTTO's picture

Expect us?

 

Thu, 02/23/2012 - 16:49 | Link to Comment Xibalba
Xibalba's picture

Merkel/Sarkunt too

Fri, 02/24/2012 - 02:47 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment YesWeKahn
YesWeKahn's picture

LOL

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

At least Tyler is getting the respect he deserves!

Thu, 02/23/2012 - 18:46 | Link to Comment 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 | Link to Comment DavidC
DavidC's picture

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

DavidC

Thu, 02/23/2012 - 16:01 | Link to Comment sdmjake
sdmjake's picture

Thanks for the buying op...

Thu, 02/23/2012 - 18:53 | Link to Comment ChrisFromMorningside
ChrisFromMorningside's picture

I only green arrow'ed cause of your avatar.

Thu, 02/23/2012 - 19:40 | Link to Comment rosiescenario
rosiescenario's picture

...a better reason than most...

Thu, 02/23/2012 - 16:02 | Link to Comment Bam_Man
Bam_Man's picture

Where are the margin hike rumours for WTI crude and wholesale gasoline and home heating oil?

Thu, 02/23/2012 - 16:12 | Link to Comment bdc63
bdc63's picture

don't you fret ... they are coming ... Nancy P. has to unload all her Exxon shares and go short first ...

Thu, 02/23/2012 - 16:02 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

The bill is in the mail.

Thu, 02/23/2012 - 16:03 | Link to Comment Manthong
Manthong's picture

The ECB must be flooding the market with all that junk Greek gold.

Thu, 02/23/2012 - 16:02 | Link to Comment francis_sawyer
francis_sawyer's picture

well at least it wasn't a DEBKA headline...

Thu, 02/23/2012 - 16:15 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

So the algos have made you one of the market makers eh?

Nice trick, now talk it back up and I'll be really impressed/depressed/strangely amused.

Thu, 02/23/2012 - 16:03 | Link to Comment Lost Wages
Lost Wages's picture

How long does it take the algorithms to figure out you were being faceitious?

Thu, 02/23/2012 - 16:26 | Link to Comment LULZBank
LULZBank's picture

Not too long. Apple is designing a new app for HFTs called iJoke.

Fri, 02/24/2012 - 02:32 | Link to Comment merizobeach
merizobeach's picture

Yeah, but there was a development glitch where after you introduce to the algo the concept that a headline might not be true, then they're prone to never believe another headline again, as well as bouts of depression, existential doubt, and finally, terrorist motives.  Animatrix, bitchez!

Thu, 02/23/2012 - 19:44 | Link to Comment rosiescenario
rosiescenario's picture

They have a real problem detecting cynicism and over the top remarks....for example they actually believe the BLS numbers as well as those from NAR. These are very infantile algos we are dealing with....more akin to the first stone wheel....

Thu, 02/23/2012 - 20:32 | Link to Comment WmMcK
WmMcK's picture

fa·ce·tious : remember all the vowels in alphabetical order, sorry could resist  -- it's my grade school teacher's fault.

Thu, 02/23/2012 - 16:03 | Link to Comment Eclipse89
Eclipse89's picture

2012 insider trading and guess what? It's legal! LOL

Thu, 02/23/2012 - 16:03 | Link to Comment GenX Investor
GenX Investor's picture

Touché Zero Hedge.  You win this battle... 

Keep this up, how many rumors can you circulate in one day???

Thu, 02/23/2012 - 16:03 | Link to Comment LULZBank
LULZBank's picture

Its like a kid who was stealing cookies from the jar and just thought he heard someone open the door ..... and dropped the cookies!

LULZ

P.S. Can we has real margin hike please.

Thu, 02/23/2012 - 16:03 | Link to Comment qussl3
qussl3's picture

Just putting this out here.

After such a long and strong bull run, arent the longs the strong hands with large profits?

Wouldnt they be the ones best placed to absord any hikes and the shorts instead be put under pressure?

 

However, if this blip was instead because of a large seller getting in ahead of the hike then this would make some sense.

Or am i completely deluded?

Thu, 02/23/2012 - 16:34 | Link to Comment Village Smithy
Village Smithy's picture

It doesn't really matter how much you are up, you want to book it best. Therefore any downside rumours and its sell first ask questions later. IMO, these markets (PMs, equities, commodities) are stuffed with more fast money than they have ever been in recorded history. When things start to turn south it could be epic. Look how fast things fell in 2008 and the markets then had lots of 401k and lifer money, you know the kind that listened to their brokers day after losing day saying "don't panic it'll turn around tomorrow". There are going to be a lot of Phd. theses on "the unintended consequences of ultra loose monetary policy".

Fri, 02/24/2012 - 02:57 | Link to Comment GoinFawr
GoinFawr's picture

"After such a long and strong bull run, arent the longs the strong hands with large profits?

Wouldnt they be the ones best placed to absord any hikes and the shorts instead be put under pressure?"

Good question. Short Ans. is it depends on who is long and who is short, and which of those group(s) haz access to ZIRP and which doesn't. In the short term it's patently difficult to catch on the wrong side of a margin hike anyone with their very own printing press who can overview everyone else's position, and, if recent events are any indicator, may simply appropriate the assets of the other side of the trade should that be deemed necessary.

Amirite?

Thu, 02/23/2012 - 16:03 | Link to Comment AC_Doctor
AC_Doctor's picture

Start tweeting COMEX default and watch silver and gold spike 50% in two days.

Thu, 02/23/2012 - 16:13 | Link to Comment bdc63
bdc63's picture

love it!

Thu, 02/23/2012 - 16:41 | Link to Comment trav7777
trav7777's picture

bbbut...bbbut...cliff mosely-yun-lareah-claven told me the Comex already defaulted!!!!!!1111

Thu, 02/23/2012 - 17:04 | Link to Comment tmosley
tmosley's picture

"Failure to deliver is not a default."

So sayth the mighty Trav.

Thu, 02/23/2012 - 17:18 | Link to Comment trav7777
trav7777's picture

yeah, it's not.  Read the prospectus, you fucking idiot.

Thu, 02/23/2012 - 17:30 | Link to Comment tmosley
tmosley's picture

"It's ok because they said it was ok."

So sayth the mighty Trav.

Thu, 02/23/2012 - 18:01 | Link to Comment Flakmeister
Flakmeister's picture

Funny that I would find you two would be sparring here...

Cliff just outdid himself over on the Brent thread...

Injecting Ionic liquids into dead oil wells to "dissolve the oil"....

Jiminy fuckin' Cricket to the rescue....

 

Thu, 02/23/2012 - 18:08 | Link to Comment tmosley
tmosley's picture

Wow, look, twinsies!

Also, I didn't say ionic liquids dissolve the oil.  They float them off the rock.  There is a little organic solvent used as well.

And of course, this is theoretical, but your out of hand dismissal of any and all possible new techniques, technological advance, and science in general identifies you for what you are.

I love how you have allied yourself with Mr. "Sterilize 97% of the Population" over there.  Really gives me the moral high ground.  Thank you for that.

Thu, 02/23/2012 - 18:35 | Link to Comment Flakmeister
Flakmeister's picture

"Float them off the rock"....

Beautiful... absolutely beautiful...

Just where do they float them off to??

You really should get a grasp of reservoir dynamics before you make a bigger fool of yourself (you may be hitting the asymptote though...)

-----

No Trav and I have our differences on a number of issues but we are pretty much in agreement about Peak Oil and you being an absolute clown.... Mr Lennon Hendrix is also of like mind....

Thu, 02/23/2012 - 19:04 | Link to Comment tmosley
tmosley's picture

Oh, next you are going to tell me that three Westboro Baptists think I'm an idiot because I'm an athiest.

lol, keep up the zealotry.  I'm sure you won't look like an idiot when peak oil doesn't happen, just like all the other times it never happened, and when a new technology overtakes internal combustion for transportation, well, I'm sure no-one will remember your ramblings.

Thu, 02/23/2012 - 17:35 | Link to Comment Likstane
Likstane's picture

It was open this morning when I checked.  Did it shut down this afternoon? Did it default on its promise to deliver to you? Why do you sayeth Trav is mighty? 

Thu, 02/23/2012 - 17:37 | Link to Comment tmosley
tmosley's picture

Every failure to deliver is a default.  They have failed to deliver contracts every month since December 2010.

Trav is mighty because he says so.  He also says he has a big dick, is wealthy, handsome, and can walk on water when no-one is looking.

Thu, 02/23/2012 - 21:17 | Link to Comment Likstane
Likstane's picture

Default- failure to act, esp. a failure to meet a financial obligation...  There are more definitions, but this one seems to be the best in this situation.  Comex hasn't failed to meet financial obligations.  They may have satisfied these obligations in other than your expected way, that is, with a cash settlement instead of hard metal. If this is a contractual solution to said "default", then it really isn't yet a default.  As for Trav's dick, I'll let you talk more about it, seeing as I am unfamiliar.  As for your statement regarding your atheistic profession, it is an indication of a deluded person.  No person is an atheist, they only hate and try to replace God with a figure of their own self and/or humanity in general.

Fri, 02/24/2012 - 16:57 | Link to Comment GoinFawr
GoinFawr's picture

Westboro Baptist no.1 says,

"No person is an atheist, they only hate and try to replace God with a figure of their own self and/or humanity in general."

<rolls eyes> Yeah, in ghod's name the three Abrahamics have been on a never ending total love-fest of tolerance and understanding with each other and every other 'heretical' religion for all of recorded history (sarc) So, where the hell have you been all your life?

If it wasn't for the comforting delusions and gullibility of simpletons,  their fearful/hateful dogma based in magical superstition would have been discarded for reality and reason centuries ago.

Ever consider that you might be the one that has been holding a belief   "with absolute conviction despite superior evidence."?  Of course you haven't... consideration is forbidden.

Fri, 02/24/2012 - 01:21 | Link to Comment Knobbius
Knobbius's picture

OK, so this scenario is one I've wondered about for a while.  Let's say the COMEX fails to deliver on a gold contract, and outright defaults.  The morning after, the following things might happen:

 

A.  Spot Gold goes non-linear to the upside, blows through the nominal high, and keeps going.

B.  GLD crashes, as people wake up from the delusion that GLD = access to physical gold

C.  GLD skyrockets along with spot gold.

D.  Spot Gold also crashes as people flee the entire gold space in a panic

E.  None of the above.

E.  B & D

F.  A & B

 

If one is interested in having some gold exposure through such an event, how does one play it?  Buy physical and ignore GLD?  Buy physical and paper hedges with GLD?  Long spot gold and short GLD?

 

-K.

 

Thu, 02/23/2012 - 16:04 | Link to Comment Fortunes Favor
Fortunes Favor's picture

1st notice day is Wed. next for futures so a lot of volatitlty coming between now and then to force a roll instead of big calls for physical that can't be filled casue Gold is not there. 

Thu, 02/23/2012 - 16:05 | Link to Comment CClarity
CClarity's picture

Only until the Greek creditors confiscate the Greek National Bank Reserves of Gold and everyone "gets" it that this will be come the norm and individuals will be informed that they must bring their PM holdings to central places too.  Another form of capital controls - - - it has happened before in the US and everywhere else.  The "State" and TPTB rule.

Thu, 02/23/2012 - 16:05 | Link to Comment War44
War44's picture

The tail wags the dog right?

Thu, 02/23/2012 - 16:05 | Link to Comment kralizec
kralizec's picture

Vampires?

Thu, 02/23/2012 - 16:05 | Link to Comment AmazingLarry
AmazingLarry's picture

Jesus Christ on a biscut.

I haven't been fucked this hard since gradeschool.

 

Thu, 02/23/2012 - 16:55 | Link to Comment tickhound
tickhound's picture

Lube up for Sunday night when we kill bin laden again.

Thu, 02/23/2012 - 16:06 | Link to Comment Eclipse89
Eclipse89's picture

Tyler, could you please say "ECB balance sheet surges to 3,2tn EUR" ?

Thu, 02/23/2012 - 16:06 | Link to Comment Gene Parmesan
Gene Parmesan's picture

Careful - wouldn't want the SEC cracking down on manipulative behavior!

 

[/sarc]

Thu, 02/23/2012 - 16:12 | Link to Comment justanothernerd
justanothernerd's picture

To be prosecuted for manipulating the market, you have to prove intent. It's the same for insider trading, which is why it's so difficult to prosecute. But since Tyler (or one of the Tylers) got in trouble for insider trading, I think he's permanently barred from trading anyway. 

Thu, 02/23/2012 - 16:06 | Link to Comment Mercury
Mercury's picture

Why, if you hacked Twitter you could....

Thu, 02/23/2012 - 16:07 | Link to Comment Gief Gold Plox
Gief Gold Plox's picture

Thanks Tyler. Could you do it a few more times please? I could do with some discount. <3

Thu, 02/23/2012 - 16:10 | Link to Comment metastar
metastar's picture

Same Here Tyler. Perhaps we can start start some market counter-manipulations.

Thu, 02/23/2012 - 16:09 | Link to Comment slaughterer
slaughterer's picture

Tyler Tweets are being scanned every millisecond by hundred of algos

Thu, 02/23/2012 - 16:09 | Link to Comment lolmao500
lolmao500's picture

CME... those fuckers.

Thu, 02/23/2012 - 16:15 | Link to Comment tickhound
tickhound's picture

Nail those evil speculators... Patriotic investors buy NFLX @ $290 based on fundamentals like good little bitchez.

Thu, 02/23/2012 - 16:11 | Link to Comment ziggy59
ziggy59's picture

Can you put out a article title to make it go up?

Muwahahah

Thu, 02/23/2012 - 16:11 | Link to Comment lolmao500
lolmao500's picture

RAISE MARGINS ON OIL ALREADY!!

Thu, 02/23/2012 - 16:11 | Link to Comment LULZBank
LULZBank's picture

Jokes apart Gold and Silver are in for a major correction. The shorts are building up ...

Thu, 02/23/2012 - 16:15 | Link to Comment bdc63
bdc63's picture

it certainly wouldn't be the first time ... everybody get your stops in place ...

Thu, 02/23/2012 - 16:53 | Link to Comment Troll Magnet
Troll Magnet's picture

i can definitely use a "major" correction in PMs.  i have some paper with dead presidents lying around.  

Thu, 02/23/2012 - 16:17 | Link to Comment mayhem_korner
mayhem_korner's picture

 

Dat you, Joe Kernen?

Thu, 02/23/2012 - 16:23 | Link to Comment slaughterer
slaughterer's picture

Correct on the correction.

Thu, 02/23/2012 - 16:11 | Link to Comment monopoly
monopoly's picture

Man, Tyler and Zero Hedge do not miss a beat. Way ahead of me, as usual. TY>

Thu, 02/23/2012 - 16:11 | Link to Comment New American Re...
New American Revolution's picture

Markets have to breath, looks like a buying opportunity.   Knee-jerkitis.

Thu, 02/23/2012 - 16:54 | Link to Comment Troll Magnet
Troll Magnet's picture

not quite yet unless you're a day trader.  to get physical, i'm personally going to wait and see.

Thu, 02/23/2012 - 16:12 | Link to Comment oc
oc's picture

JPM thanks you!

Thu, 02/23/2012 - 16:12 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

LMFAO!!!! Too Much...Kudos ZH and Tylers!

 

Thu, 02/23/2012 - 16:13 | Link to Comment youngman
youngman's picture

Maybe they found the MF Global money......lol

Thu, 02/23/2012 - 16:17 | Link to Comment bdc63
bdc63's picture

anybody else notice that Corzine has gotten real camera shy of late?

Thu, 02/23/2012 - 17:28 | Link to Comment Mesquite
Mesquite's picture

Might be thinking about some plastic surgery...??

Hmmmm

Thu, 02/23/2012 - 16:13 | Link to Comment pazmaker
pazmaker's picture

same reason why EUR spiked?

 

Thu, 02/23/2012 - 16:14 | Link to Comment ziggy59
ziggy59's picture

SEC May Ticket Speeding Traders
High-Frequency Firms Face Fees on Canceled Transactions

http://beta.finance.yahoo.com/news/sec-may-ticket-speeding-traders.html

Thu, 02/23/2012 - 17:08 | Link to Comment NotApplicable
NotApplicable's picture

More likely they'll go after Nanex for embarrassing them.

Thu, 02/23/2012 - 16:14 | Link to Comment Bam_Man
Bam_Man's picture

Apparently just a small "bear raid" which appears to already be over.

A very small bear raid - more like a "gummi bear" raid.

Thu, 02/23/2012 - 16:15 | Link to Comment PicassoInActions
PicassoInActions's picture

what took euro up? that's what i am curios

Thu, 02/23/2012 - 16:20 | Link to Comment Dr. Kananga
Dr. Kananga's picture

Probably another tweet: "FinMin Commander Yorg from Alpha Centari arrives in Brussels today bearing bags of Upsidaisium. Europe saved."

Thu, 02/23/2012 - 20:25 | Link to Comment WmMcK
WmMcK's picture

Upsidaisium? That trick never works!

Thu, 02/23/2012 - 16:29 | Link to Comment Gief Gold Plox
Gief Gold Plox's picture

Greece's gold and silver were confiscated, sold all at once and used to buy Euros?

Thu, 02/23/2012 - 16:15 | Link to Comment paint it red ca...
paint it red call it hell's picture

Appears the 2 hour chart has been compromised. Now lets see if the algorithms kick in to test the 1750 level.

Thu, 02/23/2012 - 16:16 | Link to Comment Dr. Kananga
Dr. Kananga's picture

Beyond cool. It's like the cartoon of a brain surgeon poking the patient's brain with his finger and watching the leg jump. "Hmm... I wonder what happens if I do THIS..."

Thu, 02/23/2012 - 16:16 | Link to Comment eurusdog
eurusdog's picture

Tyler is Xsub1 in the XsubInfinity algo!

Thu, 02/23/2012 - 16:16 | Link to Comment Jim in MN
Jim in MN's picture

Tweet SEC RAIDS AAPL HQ for some real lulz

Thu, 02/23/2012 - 16:16 | Link to Comment the not so migh...
the not so mighty maximiza's picture

the odds of coincidence are really slim

Thu, 02/23/2012 - 16:19 | Link to Comment FubarNation
FubarNation's picture

Ze Germans are selling forward Ze Greek Gold.

Heil Frau Merkel!!

Thu, 02/23/2012 - 16:57 | Link to Comment DosZap
DosZap's picture

FubarNation

If the CB's start dumping Au, it will be snapped up sp fast your head will do 360's.

China wants ALL the Au it can get, it avbsorbed all the output from Hong Kongs Mones, and still is loking for ANY pysical it can get.

They are approaching the MINERS to try and buy cheaper...............

They are most likely Pissed at themselves for not taking the tonnage that the Indians did at $1,050.00......................LOL

I say good for the Indians.LIke we read, the West has the gold, but no  money, and the East has the Money, but no Gold.

Wanna buy Au??..............then fork it over commie bitchezzzzzzzzzzzzzz

Thu, 02/23/2012 - 16:18 | Link to Comment Cone of Uncertainty
Cone of Uncertainty's picture

Corzine just converted all that client gold into paper.

Thu, 02/23/2012 - 16:18 | Link to Comment Moneyswirth
Moneyswirth's picture

Tyler, if you would be so kind as to tweet the following:

"US MARINES LAND ON IRANIAN COAST VIA GULF OF OMAN"

K? Thx.

Thu, 02/23/2012 - 16:20 | Link to Comment eurusdog
eurusdog's picture

Just realized that if this is actually the case, the headline readers are "more stupider" than ever imagined. To pull only "margin hike" from "better get those margin hike rumors percolating" shows just how insane they have become in the race to be the first to get the news.

Thu, 02/23/2012 - 16:20 | Link to Comment Hoody Who
Hoody Who's picture

And the EUR/USD just made a big jump in the last few moments.

Thu, 02/23/2012 - 16:38 | Link to Comment walidsassia
walidsassia's picture

any idea why ??

 

Thu, 02/23/2012 - 16:22 | Link to Comment Schmuck Raker
Schmuck Raker's picture

"...one could just tweet "Bernanke resigns"..."

C'mon Tyler, no way. I dare you.

I double-dog-dare ya!

Fri, 02/24/2012 - 02:16 | Link to Comment nathan1234
nathan1234's picture

should read as

Bernanke resigns ...  himself to a life time sentence behind bars

Thu, 02/23/2012 - 16:21 | Link to Comment TradingJoe
TradingJoe's picture

@"TYLER'S" BAZINGAAAAAAAA

Thu, 02/23/2012 - 16:23 | Link to Comment ziggy59
ziggy59's picture

Intel Exclusive: Trillion Dollar Terror Exposed

http://www.veteranstoday.com/2012/02/21/intel-exclusive-trillion-dollar-...

Thu, 02/23/2012 - 16:26 | Link to Comment Jim in MN
Jim in MN's picture

Something is really going on with the DXY.  Maybe gold needed a fast whack to keep it from moonshotting.

Thu, 02/23/2012 - 16:26 | Link to Comment ekm
ekm's picture

Crude oi margins are next.

Thu, 02/23/2012 - 16:28 | Link to Comment NFisher
NFisher's picture

Yeah, didnt quite work on that second try, did it?

https://twitter.com/#!/zerohedge/status/172777242278109184

Thu, 02/23/2012 - 16:30 | Link to Comment zerotohero
zerotohero's picture

Fast and Furious - not a movie title but markets ups and downs based on tweets - txts - rumours and musings.

Thu, 02/23/2012 - 16:31 | Link to Comment Scalaris
Scalaris's picture

Holy shit - you found their weakness.

The war is ours.

Thu, 02/23/2012 - 16:35 | Link to Comment resurger
resurger's picture

FUCK!

Thu, 02/23/2012 - 16:40 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

La, la, la, la....
Just bought some mo' Silver.....BITCHEZ.........

Thu, 02/23/2012 - 16:40 | Link to Comment Bastiat009
Bastiat009's picture

And that's why the euro (and stocks) shot up at the exact same time?

Thu, 02/23/2012 - 16:40 | Link to Comment JohnnyBriefcase
JohnnyBriefcase's picture

They're gonna shut this place down if you keep up this terroristic behavior!

Thu, 02/23/2012 - 16:40 | Link to Comment Village Smithy
Village Smithy's picture

Ben just realized that it was 3:00 on the second day after the ES had peaked and it still hadn't broke above on its own. "Better ramp it up closer so we can blow through during the overnight session".

Thu, 02/23/2012 - 16:43 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Iphone found to cause brain cancer.

Get tweet'n.

Thu, 02/23/2012 - 17:40 | Link to Comment Mesquite
Mesquite's picture

Pong Research (for iPhone covers..)

Check it out..!!!

Thu, 02/23/2012 - 16:46 | Link to Comment Zymurguy
Zymurguy's picture

Tylers, can you do the same with ammo?  Need to stock up on some more :)

 

Keep dropping that Phyzzz so I can buy more, and more, and more!

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