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ES Closed As Gold Continues Trading, Passes $1900

Tyler Durden's picture




 

All stock jockeys can now step away from the terminal: both Europe and ES are now closed until late this afternoon which means the E-Trade momentum chasing baby will have to suffer its losses for at least 6 hours in complete collateral call misery. In the meantime, however, gold continues to trade for a little longer, and at last check the spam nemesis was trading over $1900 once again and just one less well known dead president away from its all time highs. We expect the record to be taken out possibly as early as this evening.

 

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Mon, 09/05/2011 - 11:50 | 1634611 kito
kito's picture

nothing like a celebrating little tradition today, on labor day.

Mon, 09/05/2011 - 11:52 | 1634626 markmotive
markmotive's picture

The barbarous relic is saying 'F.U.' to the world monetary regime.

Mon, 09/05/2011 - 11:58 | 1634644 BaBaBouy
BaBaBouy's picture

.

Keynesians: Barbarous Relics ...

Mon, 09/05/2011 - 12:32 | 1634764 Ahmeexnal
Ahmeexnal's picture

looks more like an abortion day than labor day

fiat being aborted

my wallet, my choice!

Mon, 09/05/2011 - 13:28 | 1634950 nope-1004
nope-1004's picture

Yellow shoots.

Just change the color, and Benocides' memo still applies.

 

Mon, 09/05/2011 - 11:57 | 1634648 spiral_eyes
spiral_eyes's picture

barbarous relic, bitchez

hope you're all having as happy a labor day as me!

http://azizonomics.com/2011/09/03/chinas-monetary-endgame/

Mon, 09/05/2011 - 13:40 | 1634986 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1900 and green

Having a pretty good day myself, thanks.

So far this weekend I have pulled $1500 from the ATM.   Tomorrow: $500 more, then off to the coin shop for another Gold Eagle.

Tradition and barbaric relic.  Bring it, bitchez!

Mon, 09/05/2011 - 15:23 | 1635391 DosZap
DosZap's picture

Do,@13:40

Had another one of my GUT feelings(love that Gut) Thursday, and snagged another 2 Roos.

($18.00 over spot)<grin>

Happy camper going into Tues,I can't wait to see if the more, intelligent folks at CMEx do more hikes ,and lower the prices again for us.

They play so well.

Mon, 09/05/2011 - 12:16 | 1634697 Upswaller
Upswaller's picture

Backed into the corner of their own undoing, faced with a country of now starving havenots and Gee-I-didn't-plan-for-fiat-failure's, the Fed Government, in a stroke of genius, pits the masses against evil speculators and those who've known and saved for themselves and moves for a Grand Reset, offering goodies and promises for a new nation, and demands confiscation of gold and silver for a NewWay, a multi-national currency tied to a basket of metals.  As people are their witness, no citizen will ever go hungry again.

Mon, 09/05/2011 - 13:15 | 1634902 trav7777
trav7777's picture

couple problems...in 1933 the money supply the people held WAS gold.  Now, it ain't.  Also, now there is an insignificant amount of private gold to make a difference.

It would be MUCH BETTER to just seize everyone's house and charge them rent on it if the .gov wants to go full retard and grab shit.  Taxes will be much cheaper than seizures to implement as well.

Mon, 09/05/2011 - 13:43 | 1635001 DoChenRollingBearing
DoChenRollingBearing's picture

Seizing people's houses (under your scenario here trav) will STOP once 25 - 50 goons are shot DEAD.  MSM can't kill that story.

Same with our gold.

Same with our guns.

Will I be one of the 25 - 50 who shoots them dead?  Maybe, maybe not.  But, there are plenty who WILL in our country of 85,000,000 gun owners.

Mon, 09/05/2011 - 14:08 | 1635105 FranSix
FranSix's picture

I don't see any problem with using gold as a benchmark without a fixed price.  Certainly bonds aren't required to have a fixed price.

Looks like the latest move in gold is ironing out Dodd-Frank along the futures curve:

http://finance.yahoo.com/q/fc?s=GCM11.CMX

Mon, 09/05/2011 - 23:27 | 1637027 bid the soldier...
bid the soldiers shoot's picture

If this isn't how Oceana was created, I'd like to know the difference. But before the Grand Reset, as you know, was the Great Culling Forward.

Mon, 09/05/2011 - 11:53 | 1634627 fuu
fuu's picture

Barbarian.

Mon, 09/05/2011 - 12:13 | 1634703 scatterbrains
scatterbrains's picture

Who's a gold thug ?

Mon, 09/05/2011 - 11:51 | 1634615 bob_dabolina
bob_dabolina's picture

I know how we can fix all this chaos. 

Trillion dollar jobs plan. Boom. 

Mon, 09/05/2011 - 11:55 | 1634640 navy62802
navy62802's picture

I certainly hope so. Add another trillion dollars of debt. It'll only help my gold and silver holdings!

Mon, 09/05/2011 - 11:58 | 1634653 RSloane
RSloane's picture

If you want to see how truly stupid Waters is, watch her questioning Bernanke during the house hearings re the Fed. This is a woman who has sat on finance committees longer than dirt has been around and is flummoxed by simple terms.

Mon, 09/05/2011 - 12:10 | 1634690 bob_dabolina
bob_dabolina's picture

Maxine Waters is a genius. She's Rene Descartes personified in a short and stocky chocolate fudge stick.

Mon, 09/05/2011 - 17:46 | 1635959 WmMcK
WmMcK's picture

Never put Descartes before hors d'oeuvres.

Mon, 09/05/2011 - 12:30 | 1634759 sun tzu
sun tzu's picture

She represents her constituents very well

Mon, 09/05/2011 - 13:31 | 1634939 Payable on Death
Payable on Death's picture

They certainly deserve each other.

http://revolutionarypolitics.tv/video/viewVideo.php?video_id=15915

Her community is upside down. Women are the source of money and housing by be being unemployed, unmarried mothers. Men are not (men) and shoot each other for slights called "disrespect". (Actual, confident men would not behave this way.) And, the worst is Maxine exploits them most.

Mon, 09/05/2011 - 13:48 | 1635017 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1900 and green to RSloane, bob-d, sun and Payable!

Yep, Maxine is really about the worst one in DC (at least operating in the open).  She evidently does EXACTLY what herr district wants her to.  They are getting what they ask for.

What a great country!

Mon, 09/05/2011 - 18:12 | 1636018 delacroix
delacroix's picture

reminds me of marion(crack and hookers) barry

Mon, 09/05/2011 - 11:51 | 1634617 Hedgetard55
Hedgetard55's picture

Shit got real in the Eurozone today. Black Tuesday tomorrow? Or Ben/Timmay/Barry to the rescue?

Mon, 09/05/2011 - 11:53 | 1634629 unum mountaineer
unum mountaineer's picture

im going to go with the latter..mother of all saves via some nifty levitation

Mon, 09/05/2011 - 12:14 | 1634708 Crisismode
Crisismode's picture

No saves tomorrow.

 

Ben & Timmah want the swan dive to continue so that QE3 is booked and bagged.

Mon, 09/05/2011 - 12:21 | 1634730 Gordon Freeman
Gordon Freeman's picture

Wallowing in their own crapulence...

Mon, 09/05/2011 - 13:19 | 1634916 Withdrawn Sanction
Withdrawn Sanction's picture

Sounds about right. The thing keeps falling until we get a QE announcement/capitulation from the Fed. Then decent rally. Investors soon realize this is not a liquidity problem, and a big sharp downleg ensues, starting in early Fall.

Mon, 09/05/2011 - 13:54 | 1635029 DoChenRollingBearing
DoChenRollingBearing's picture

SJGR in the Eurozone today

SJGR in America very soon.

Mark Steyn has a brand new book: After America.  I have read only 40 pages or so now, but he is REALLY PESSIMISTIC on our chances.  Passed the point of no return and all that.

Mon, 09/05/2011 - 15:23 | 1635510 Midas
Midas's picture

I got my copy of After America signed by Mr. Steyn. His inscription told me not to worry because in the musical they would "Change it to a happy ending."

What is frustrating is 15 years from now people will say nobody saw the collapse coming despite the millions of people describing how it would happen.

Mon, 09/05/2011 - 11:53 | 1634618 navy62802
navy62802's picture

Ain't seen nothing yet. The crisis has yet to truly explode in Europe, though it is now gaining momentum at a faster clip. When the sovereigns begin to fall, gold will follow an exponential curve up.

Mon, 09/05/2011 - 13:16 | 1634907 trav7777
trav7777's picture

portugal is trading wider than WM was when it was lookin BK as a foregone conclusion during 08

Mon, 09/05/2011 - 11:51 | 1634620 unum mountaineer
unum mountaineer's picture

damn it. somebody get the band to play louder....

Mon, 09/05/2011 - 11:58 | 1634652 TuesdayBen
TuesdayBen's picture

They're all piled atop each other against one wall.  Not sure why.

Mon, 09/05/2011 - 15:45 | 1635589 data_monkey
data_monkey's picture

Hmmm...maybe if we move all the deck chairs to the other side...

Mon, 09/05/2011 - 11:51 | 1634623 Dick Darlington
Dick Darlington's picture

the spam nemesis

Priceless!

Mon, 09/05/2011 - 11:54 | 1634632 ShoeShineBoy
ShoeShineBoy's picture

TD, my money is with you buddy, just start your fund.

Mon, 09/05/2011 - 11:58 | 1634655 kito
kito's picture

TD is trying to liberate you, not enslave you....................

Mon, 09/05/2011 - 12:00 | 1634661 ShoeShineBoy
ShoeShineBoy's picture

agreed, or else where would we get our straight and fresh from the oven news..

Mon, 09/05/2011 - 12:31 | 1634761 sun tzu
sun tzu's picture

The only fund you need is physical gold/silver along with the means to protect it

Mon, 09/05/2011 - 12:44 | 1634800 kito
kito's picture

tis true sun tzu

Mon, 09/05/2011 - 12:47 | 1634810 IronShield
IronShield's picture

Guess you haven't heard yet but gold is going to, gasp, correct soon...  /sarc

Mon, 09/05/2011 - 13:54 | 1635028 akak
akak's picture

And you can't eat it!  (Even after digging it out of the ground for only $5.)

And you can't buy salt-and-hydrogenated-oils-laced-shit at your local 7/11 with it!
And it's heavy --- so, so heavy!  Why, who would want the stuff?

Mon, 09/05/2011 - 13:57 | 1635050 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1900 to you akak and green!  I finally catch up to greeting you again.

Yeah, really.  Who wants gold?  Oh!  The Socialists would be GLAD to take it off our hands, for $50 / oz.

Gold, bitchez!  Even if it does only cost $5.00 to get it out of the ground.

Mon, 09/05/2011 - 14:41 | 1635306 Max UK
Max UK's picture

That's why they still value it at $42 in the books; that's what the people will be given for it.

Mon, 09/05/2011 - 11:55 | 1634636 cackling capers
cackling capers's picture

Gold up 9% last month, silver strangely up 9% too. Strangely cause it somehow feels like silver lacked action. Yes, I know silver price is 115% up last 12 months but gold  seems to have taken pride of place.

Mon, 09/05/2011 - 11:55 | 1634641 jmcadg
jmcadg's picture

Wow, someone's been throwing everything including the kitchen sink at trying to keep gold under $1900 today.

Hope you like crockery in your spag bol!

Mon, 09/05/2011 - 11:56 | 1634642 ShoeShineBoy
ShoeShineBoy's picture

did anyone notice the lackluster move of Pt? It is ~$15 behind Au, unfreakinbelieavable!

Mon, 09/05/2011 - 12:19 | 1634727 Use of Weapons
Use of Weapons's picture

This morning, Telegraph had a front page [online edition] hit titled "Platinum outshines gold", quickly redacted to "Platinum could be a better bet than gold"

http://www.telegraph.co.uk/finance/commodities/8740438/Platinum-could-be...

Mon, 09/05/2011 - 13:27 | 1634942 Hephasteus
Hephasteus's picture

The old distraction play. Any time they want you out of a metal they bring up platinum palladium and all kinds of crap metals. Palladium was supposed to go through the roof because of Organic LED's. Which never really became viable despite 10 years of frikking pump jockeying em. LED displays are only good in small sizes and shouldn't be used for monitors. They'll bring back tube monitors in a couple years or piss people off with LED displays that die every 2 to 3 years. The panels when they are large develope too much resistance as they age.

Mon, 09/05/2011 - 13:58 | 1635054 Prescient_Point
Prescient_Point's picture

"Fascination with gold hampering India's growth story"

http://economictimes.indiatimes.com/markets/commodities/gold-rush-a-spee...

This sums it all up "Money spent on gold is mostly wasted because it's only hoarded and simultaneously excluded from the financial inter-mediation system," said Abheek Barua, chief economist, HDFC Bank."

Mon, 09/05/2011 - 14:38 | 1635279 BungaBunga
BungaBunga's picture

How can converting currency to money and hoarding it be interpreted as "wasted"? And a growth of 8.5% FY of 2011 does not sound like a hampered number, more like boarderline overheating. The hoarding of gold instead of debt, like the Western World is so fond of, sounds pretty smart too. However, common people saving money is not what keynesians and banksters want. Title of chief economist is slang for paid liar IMHO.

Mon, 09/05/2011 - 15:41 | 1635572 DosZap
DosZap's picture

 Prescient_Point Mon, 09/05/2011 - 13:58

This sums it all up "Money spent on gold is mostly wasted because it's only hoarded and simultaneously excluded from the financial inter-mediation system," said Abheek Barua, chief economist, HDFC Bank."

Yes, it does sum it up...........................( translation), We can't get our filthy stinking stealing hands on it, and make a killing off your BROKEN BACKS.

Eat shit and die.(Abheek)

Mon, 09/05/2011 - 14:01 | 1635062 DoChenRollingBearing
DoChenRollingBearing's picture

I have an infatuation with Pt and own some.  Thanks for the news update.

But gold is the better bet to preserve our wealth.  And I own MORE gold.  And will buy more.

Platinum is for optimists! 

Mon, 09/05/2011 - 12:49 | 1634822 sun tzu
sun tzu's picture

Platinum is more of an industrial metal even though it is sometimes used in jewelry. Gold is more of a safehaven and store of wealth

Mon, 09/05/2011 - 13:17 | 1634911 trav7777
trav7777's picture

same is true of silver

Mon, 09/05/2011 - 14:52 | 1635353 Max UK
Max UK's picture

Platinum has no history as money. 

 

All the same, I was considering some platinum as diversification. I know that you like platinum Trav; do you like it as a 'risk asset' or do you think that a major price surge is actually likely?

Mon, 09/05/2011 - 15:03 | 1635378 akak
akak's picture

Actually, platinum DOES have a history as money: The Russian Empire issued platinum coins for circulation for several decades during the first half of the 19th century, in the world's first and only (ill-fated) attempt at a tetrametallic standard.

http://en.wikipedia.org/wiki/Platinum_coin#Imperial_Russia

 

Mon, 09/05/2011 - 15:05 | 1635417 Max UK
Max UK's picture

I stand corrected. Nonetheless, as you say, the first and only attempt. Not much of a pedigree, and of no contextual significance. It is akin to moments in history from place to place, where pearls, beads and menhirs may have been used as money.

Mon, 09/05/2011 - 15:09 | 1635449 akak
akak's picture

"Menhirs"!  Now THERE'S a word that one does not run across every day!

Have you ever seen the stone "coins" of the island of Yap?
I shudder to think what their vending machines must look like!

Mon, 09/05/2011 - 15:59 | 1635535 Ahmeexnal
Ahmeexnal's picture

The elephant in the room is...NIOBIUM.

China just bought 15% of the world's largest niobium producer:

http://www.reuters.com/article/2011/09/01/cbmm-niobium-idUSL4E7K11GL2011...

Mon, 09/05/2011 - 13:56 | 1635007 CitizenPete
CitizenPete's picture

Anyone thinking about PT trades or aquisition had better bone up on Eskom and the correlation to PT thereof.  Eskom's reliability consequentially affects the worlds PT price bitches.  if you don't understand that, probably best to remain home and stay out of the sand box. 

 

http://financialresults.co.za/2011/eskom_ar2011/index.php

 

 

Mon, 09/05/2011 - 11:57 | 1634649 stant
stant's picture

now we know why they didnt blow up fort knox to get gold higher. other than the fact none is there

Mon, 09/05/2011 - 12:06 | 1634684 OutLookingIn
OutLookingIn's picture

Plenty of gold there! All that FDR confiscated gold from 1934. Only problem is - it's not good for delivery! All that gold was 90% in the form of coins, which is 22 carat and the Treasury did not smelt! Only melted it. So all those bars are not "Good for Delivery" bars that is set out by the LBMA, which must be 24 carat. 

Mon, 09/05/2011 - 12:10 | 1634689 trav7777
trav7777's picture

yeah I think the sovereign can "deliver" this stuff if they want to. 

Mon, 09/05/2011 - 13:14 | 1634899 DosZap
DosZap's picture

OutLookingIn ,

So all those bars are not "Good for Delivery" bars that is set out by the LBMA, which must be 24 carat. 

Believe it's .995.....................not 999.9

Either way, Eagles/Libs were only 91+.................

 

Mon, 09/05/2011 - 14:13 | 1635132 DoChenRollingBearing
DoChenRollingBearing's picture

FOFOA also believes the gold is still there at Ft. Knox, he is NOT a conspiracy theorist.  Occam's Razor and all that.

Still, it would be correct to have an audit of both Ft. Knox (and other Treasury gold vaults) as well as the Fed's holdings.

Frankly, I could care less if ithe bars are 22 kt, which does seem probable.  As long as what they say is there actually IS there.

Mon, 09/05/2011 - 18:31 | 1636064 4horse
4horse's picture

As long as what they say is there actually IS there  .  .  .  when they're also soon to say it's all theirs?

 

 

 

___that is, depending upon your definition of what IS. is

Mon, 09/05/2011 - 11:59 | 1634657 GeneMarchbanks
GeneMarchbanks's picture

Priceless... gold that is.

Mon, 09/05/2011 - 11:59 | 1634660 yabyum
yabyum's picture

Silver? ohhh silver! Time to get up and get to work. And you miners! Lets kick some ass after labor day!

Mon, 09/05/2011 - 12:00 | 1634663 Zoomie
Zoomie's picture

"ES" .....what index is that?

Mon, 09/05/2011 - 12:01 | 1634669 ShoeShineBoy
ShoeShineBoy's picture

 stands for "Elephant Shit" composed of, guess what?

Mon, 09/05/2011 - 12:06 | 1634682 Zoomie
Zoomie's picture

Beats me....equity shares...index unknown

Mon, 09/05/2011 - 12:22 | 1634732 scatterbrains
scatterbrains's picture

for real though who would trade this circus act of a market without at least having live actionable stops via globex /ES ?  Lets all play the stock game and wait until 9:30 am time after time to get stripped out of our positions and money.. like playing Russian roulette except in reverse with 5 rounds chambered in the 6 shooter.  Who's next ?

 

Mon, 09/05/2011 - 13:28 | 1634952 jeff montanye
jeff montanye's picture

the deer hunter.  bought srs lately?

Mon, 09/05/2011 - 12:19 | 1634725 Zoomie
Zoomie's picture

Super deal.....'preciate it.

Mon, 09/05/2011 - 12:33 | 1634769 Use of Weapons
Use of Weapons's picture

According to US government investigations the sale of 75,000 E-mini contracts by a single trader was the trigger to cause the flash crash on May 6, 2010

 

It is the lone gunman on the hillock.. er.. in the tower... in that apartment. Whatever, it caused the 2010 flash crash via a single person using their Iphone to trade on.

 

Capice?

Mon, 09/05/2011 - 12:41 | 1634793 breezer1
breezer1's picture

s and p 500 futures traded on the globex.

Mon, 09/05/2011 - 12:03 | 1634672 oogs66
oogs66's picture

cds is still trading.  it is closing at its wides and with absolutely NO liquidity!

Mon, 09/05/2011 - 12:03 | 1634673 unum mountaineer
unum mountaineer's picture

no no, italy's stance is more provocation, the whole damn system is culminating to provocation...who's gonna throw the first punch is the real bet. a big  f-ing war complete with grudges stemming from monies owed, and negotiations gone sour is the goal.

Mon, 09/05/2011 - 13:40 | 1634994 pain_and_soros
pain_and_soros's picture

I tend to agree - it seems to be one big game of chicken - who blinks first in this Greek tragedy? 

the PIGS daring ECB (i.e. Germany) to pull the plug on them, knowing that German (& French & Swiss) banks will then be in need of their own bail-out by the very same taxpayers who are being asked to support eurobonds?  I doubt the PIGS will ever change from prefering to play with other people's money - if in the unlikely event that Germany boots them out of the Euro, they'll go back to living on borrowed money & time like they did before they joined the euro...just don't ask them for their gold as collateral...

or

Germany, or more accurately German politicians, who are committed to the Euro, facing increasing hostility from their own voters aka taxpayers...do they commit political suicide for what they think is the "greater good", or do they represent their constituent's interests & let the PIGS wallow in their own mud?

Then you have the "innocent" vultures, er, bystanders, like Goldman Suchs, JP Morgue, making huge CDS side bets on Greek (& Italian) sovereign default and default of exposed european banks, giving them a vested interest in default (& break-up of the euro - think of all those additional fees they could charge if instead of one euro carcass, there were again 15 that needed to each issue bonds, get rated, etc.?)

I suspect in such an environment, where it seems to be every man/woman for themselves, it will be very difficult to find a moderate solution. 

That said, I expect that German politicians will turn their backs on their populace and ultimately cave to demands for supporting the issuance of euro bonds, selling it as a necessary Euro sacrifice for the sake of history & to counterbalance undue American influence and interests.

Everyone have their physical gold yet?

Mon, 09/05/2011 - 14:16 | 1635143 DoChenRollingBearing
DoChenRollingBearing's picture

Got mine and will get more.

Mon, 09/05/2011 - 12:05 | 1634681 ShoeShineBoy
ShoeShineBoy's picture

while PIIGS CDS is "kinda" offered, Spain is outperforming...

 

                   5YR             CHG

  GREECE        2450-2650          +200

  SPAIN          415-425           +25

  ITALY           445-455           +45

  PORTUGAL    1000-1050         +50

  IRELAND       810-860           +35

 

 

   SEP 2016

 

Mon, 09/05/2011 - 12:11 | 1634692 mikmid
mikmid's picture

Us barbarians are happpppy!

Mon, 09/05/2011 - 12:15 | 1634710 freethinker4now
freethinker4now's picture

please please please do not allow me to get sucked into the Gold is always going to go up vortex. My last trade cost me over 2,000 Euros in Loss. "It's gonna go back up it's gonna go back up!" What an idiot. Rrrrrrrrr

Mon, 09/05/2011 - 12:19 | 1634726 MyKillK
MyKillK's picture

Don't blame others for your bad sense of timing and lack of restraint.

Mon, 09/05/2011 - 12:54 | 1634836 IronShield
IronShield's picture

No, you should take your loss right away, before it really gets out of control and you end up with nothing...  oh the horror...  2000 euros...  gasp...

Mon, 09/05/2011 - 13:06 | 1634871 Piranhanoia
Piranhanoia's picture

If you are trading your phys, then your last sentence is approrpriate.  But at least you realize it.  So stop playing with yourself and gamble with paper instead of your future.

Mon, 09/05/2011 - 13:07 | 1634872 Beam Me Up Scotty
Beam Me Up Scotty's picture

Thats why you buy and hold physical.  Your pile never gets smaller, no matter how much the price declines.

Mon, 09/05/2011 - 13:18 | 1634913 DosZap
DosZap's picture

< freethinker4now >,

My last trade cost me over 2,000 Euros in Loss,

there's your loss hoss,(trade).

Where would you be now, if it was phyzzzzzzzzzzz?

Mon, 09/05/2011 - 12:16 | 1634717 barkingbill
barkingbill's picture

the true barbaric relic, is the u.s. dollar, the petrodollar which all these horrible wars are being fought over. gold might represent the defeat of the petrodollar barbarians and their brutal imperial economy

 

Mon, 09/05/2011 - 13:45 | 1634966 jeff montanye
jeff montanye's picture

we can only hope. if one lesser known dead president away from record gold price implies the ten spot (nyt shows a lifetime top price of $1912), this pedant notes that alexander hamilton, although arguably our first major political figure with significant african blood and a very influential treasury secretary (probably paid his taxes too), was never president.

Mon, 09/05/2011 - 12:17 | 1634723 DaBernank
DaBernank's picture

B..b..but I thought the ECB would just leave the IMF, extinguish national bank debts and voila EUR = freegold, so everything will be alright in the Eurozone. </sarc>

Mon, 09/05/2011 - 12:22 | 1634734 Oh regional Indian
Oh regional Indian's picture

noble Metals rule. Sun and moon. 

I'll maintian, Silver will slingshot, GS ration will come screaming down.

Silver, unfortunately, is a war metal. Gold is what people fight over.

Get Silver.

Post below is from October last year. Anyone acting on it, whatever your conspiratorial mindset might be, would have benefitted. Massively. In percentage terms, for a long time to come, Silver will outperform.

V

http://aadivaahan.wordpress.com/2010/10/18/an-opportunity-and-a-golden-warning/

Mon, 09/05/2011 - 12:27 | 1634751 vast-dom
vast-dom's picture

I agree re: Silver. It is ready to move hard and fast.

Mon, 09/05/2011 - 12:33 | 1634771 Hannibal
Hannibal's picture

Yep, keep on stacking them, stealth wealth (dont tell anybody)!

Mon, 09/05/2011 - 12:37 | 1634782 slewie the pi-rat
slewie the pi-rat's picture

L0L!!  i wonder where vivekananananananaduh got that idea?

don't forget to troll over to his link, too!  his puupet masters will be most pleased!

hey, ori!  did you ever get to my Q abt what the fascists were up to in india these daze?  how they're organized, who's calling the shots?  who the bad guys are?  even if they have learned to go "astral" of course...

Mon, 09/05/2011 - 12:25 | 1634742 vast-dom
vast-dom's picture

<---- GOLD OVER $2,000/oz by this Black Friday

<-----GOLD UNDER $2,000/oz by this Black Friday

 

This is getting hairy folks.

Mon, 09/05/2011 - 12:47 | 1634808 unununium
unununium's picture

Let's remember we are looking at a BAC death event this week folks.  Patience.

Mon, 09/05/2011 - 14:19 | 1635159 DoChenRollingBearing
DoChenRollingBearing's picture

Nowadays is NEVER a bad time to be pulling money (FRNs even) out of the bank.

Mon, 09/05/2011 - 12:27 | 1634752 paulypaul
paulypaul's picture

Well I don't feel like a Bullion Knob......At the moment.

Mon, 09/05/2011 - 12:29 | 1634757 TradingJoe
TradingJoe's picture

Will be very interesting tomorrow! Gold seems to anticipate what's coming! We could see 2000 by Friday and then some next week! No matter why the "rescue team" may want to do it cannot since both sides of the aisle have to "agree" and time is up, Europe just confirmed that!!!
Shorties if early enough on board will make a killing(myself included):)))!!!!

Mon, 09/05/2011 - 13:27 | 1634945 DosZap
DosZap's picture

TradingJoe ,

CME Margin hikes before the week is out............$1900.00 is their line in the sand.

Let's see how long they can hold it there.

 

Mon, 09/05/2011 - 14:42 | 1635164 DoChenRollingBearing
DoChenRollingBearing's picture

Let them eliminate margin altogether...

THEN we see the strength of gold, and the weakness of paper...

Mon, 09/05/2011 - 12:30 | 1634760 Zola
Zola's picture

Roubini is such a clown...

Mon, 09/05/2011 - 12:48 | 1634816 theotheri
theotheri's picture

Actually he will be vindicated and most of you fools will be silenced because your gold will be worth have of what it is today and you won't be able to pay your internet access bills.

You gold monkeys will resort to spray painting your idiotic nonsense on bus shelters.

Gold is going below $1000/oz.

Mon, 09/05/2011 - 13:01 | 1634855 IronShield
IronShield's picture

Well, since Roubini is the clown, guess that leaves you as the ass clown...

You missed yer chance to buy did ya?  "Gold is going below $1000/oz."  Ahahhahahahahahahahahahahahahahahahaha...  Oh shit....  Ahahahahahahahahahaha....  Just snotted all over my keyboard...  Ahahahahahahahahaha....  Stop it, I can't take any...  Ahahahahahahaha....

Mon, 09/05/2011 - 13:13 | 1634895 theotheri
theotheri's picture

What's changed in the past 12 for gold to jump 100%? There isn't 2x as much US $ in circulation. The national debt isn't 2x as high. Real demand has actually dropped.

The answer is speculation and fear. Fools speculate, weak minds fear. Calm minds wait and crush fear.

Mon, 09/05/2011 - 13:37 | 1634978 CitizenPete
CitizenPete's picture

, ... and then calm minds load their pants when their paper BS funds turn to dust and their retirement is gone, like so many in 2008.   

 

Perhaps you should invest in Bonds from Greece and Italy.

Mon, 09/05/2011 - 13:38 | 1634979 Sequitur
Sequitur's picture

I don't mind the counterargument. But I wonder: how is the Eurozone going to rescue itself? How? They are trillions of Euro in debt (government plus banks), and the strong refuse to bail out the weak. So, how?

Even worse, the United States. A whopping $17 trillion by the time Obama's first term is up, with many, many trillions more in off-balance sheet transfers and unfunded liabilities. There is no way -- none -- the United States can make good on entitlements, as something like 10,000 baby boomers a day are retiring.

http://endoftheamericandream.com/archives/in-2011-the-baby-boomers-start...

So, what's changed in the last 12 is, the shit is hitting the fan. Smartest money was on this trade five years ago, the smart money is still getting in (which still is a very small percentage of people, very small). From where I sit, governments and finance are screwed.

So tell me how the calm minds will crush these insurmountable problems (excpet by printing, which will destroy savings).

Mon, 09/05/2011 - 14:00 | 1635061 akak
akak's picture

What's changed in the past 12 for gold to jump 100%? There isn't 2x as much US $ in circulation. The national debt isn't 2x as high. Real demand has actually dropped.

What has changed is the dawning awareness in the minds of millions of formerly sheepish, go-with-the-herd investors that the financial and monetary status-quo in both Europe and the USA is well and truly fucked, and doomed to collapse.  You can call that speculation if you like; I prefer to think of it as a growing number of people finally facing reality.

Mon, 09/05/2011 - 14:24 | 1635188 DoChenRollingBearing
DoChenRollingBearing's picture

We still wait for you to make your case why gold will go to $1000, which would be lower than the "India Put ($1040) when they made their BIG buy.

Please, we are all ears waiting for your explanation.  We fans of gold have long made our cases.  Please make yours!  We all need education and ebate is good!

Mon, 09/05/2011 - 13:34 | 1634971 CitizenPete
CitizenPete's picture

I guess I can buy a shit load of spray paint, since I bought at $400.   Someone give this guy a dollar so he can buy a clue!

 

I hope it does go back down to $1000 -- that would be a gift from the Gods!  I want to buy more physical.

Mon, 09/05/2011 - 14:45 | 1635323 DosZap
DosZap's picture

< theotheri >@12:48,

Gold is going below $1000/oz.

Ok my big wallet, tell us WHY it is,and when you think it will happen, and maybe you will get our attention.

What do you expect to change globally in the next 24mos that will bring this monumental correction in attitudes?,and all the Soverigns getting their debt under control.

Only one thing I can see that would do it, and that's if ALL the CB's dumped it all on the market at once.

And, it would be snatched up in less than a week.

 

Mon, 09/05/2011 - 19:23 | 1636249 theotheri
theotheri's picture

It's pretty simple.  The runup has been entirely panic and spectulator driven and bares no relationship to real demand or even inflation.

Here's a great article showing that there is clearly NO relationship between the money supply and gold over time:

 

http://andolfatto.blogspot.com/2011/04/ron-paul-on-bernankes-press-confe...

Mon, 09/05/2011 - 20:02 | 1636340 akak
akak's picture

It's pretty simple.  The runup has been entirely panic and spectulator driven and bares no relationship to real demand or even inflation.

Bullshit.

You refuse to acknowledge the growing realization among worldwide investors that the current financial and fiat monetary paradigms are collapsing and manifestly doomed to fail.  Just how much would YOU be willing to pay to protect your savings and financial assets from the inevitable monetary upheaval once the full reality of the situation is staring you in the face?

Mon, 09/05/2011 - 12:31 | 1634765 The Luftwaffe
The Luftwaffe's picture

Any word if crimex margin hikes are around the corner?

Mon, 09/05/2011 - 12:37 | 1634784 TheGoodDoctor
TheGoodDoctor's picture

Someone posted at Turd's site that the Shanghai was going to raise margins this coming week. Off Sept. 10-12 this week for Mid Autumn Festival.

http://www.tfmetalsreport.com/comment/44870#comment-44870

Mon, 09/05/2011 - 12:45 | 1634806 10044
10044's picture

they'd prob do it around $1938

Mon, 09/05/2011 - 12:35 | 1634777 Moe Howard
Moe Howard's picture

OT, sorry.

LONDON (Reuters) - Europeans are plagued by mental and neurological illnesses, with almost 165 million people or 38 percent of the population suffering each year from a brain disorder such as depression, anxiety, insomnia or dementia, according to a large new study.

 

It's called liberalism, bitchez! I knew they were crazy.

Mon, 09/05/2011 - 12:55 | 1634843 sewerpickle
sewerpickle's picture

it's a manifestation of that bovine encephalopathy that's referred to as "MAD NOW" disease 

Mon, 09/05/2011 - 14:26 | 1635197 DoChenRollingBearing
DoChenRollingBearing's picture

No sorrow Moe, have a green!

38% have a disorder.  Coming soon to our country too?

Mon, 09/05/2011 - 16:18 | 1635702 blunderdog
blunderdog's picture

Wow.  But the USA isn't a particularly liberal country, and look at this shit...

http://www.nimh.nih.gov/statistics/images/NSDUH-ServiceUseTx-SMI-Rate_Ag...

Mon, 09/05/2011 - 12:36 | 1634778 FranSix
FranSix's picture

I would be very concerned about negative nominal interest rates.

Failures to deliver data a special focus:

http://ftalphaville.ft.com/blog/2011/09/05/668726/some-extremely-special-treasuries/

Mon, 09/05/2011 - 12:38 | 1634785 tocointhephrase
tocointhephrase's picture

I'm forever blowing bubbles (no not the monkey)

Mon, 09/05/2011 - 12:40 | 1634791 goldfreak
goldfreak's picture

SPAM  $3.89 for a 12 oz. can. last check local Key Food. Is it possible to have an interactive chart up to track  the moves in price?

Mon, 09/05/2011 - 12:49 | 1634820 Temporalist
Temporalist's picture
Celebrity Boneless Cook Ham with Natural Juices 12oz $2.29

http://www.walgreens.com/store/c/celebrity-boneless-cook-ham-with-natura...

Mon, 09/05/2011 - 12:55 | 1634841 goldfreak
goldfreak's picture

maybe someone should introduce the Roubini sandwich, 12 oz. of spam on a roll and you can stuff your face and check inflation at the same time

Mon, 09/05/2011 - 13:11 | 1634883 Piranhanoia
Piranhanoia's picture

It is neither a food nor a commodity so all you get is sales figures and chemicals

Mon, 09/05/2011 - 12:44 | 1634794 unununium
unununium's picture

I finally figured out what this story is trying to say.

The USD dropped today to a level of 526 micro-ounces of gold, from yesterday's 532 micro-ounces.

Jeez can we be a little more obtuse?

uoz bitchez

 

Mon, 09/05/2011 - 12:47 | 1634813 Got_Nukes
Got_Nukes's picture

OT, but does anyone insure their PM's. Trying to decide if it's better to keep it to myself rather informing a company. Thoughts?

Mon, 09/05/2011 - 13:02 | 1634842 bob_dabolina
bob_dabolina's picture

You bury it in a safe place

One in particular. It's got a long rock wall with a big oak tree at the north end. It's like something out of a Robert Frost poem. It's where I asked my wife to marry me. We went there for a picnic and made love under that oak and I asked and she said yes. Promise me, nukes. If you ever get out... find that spot. At the base of that wall, you'll find a rock that has no earthly business in a Maine hayfield. Piece of black, volcanic glass. There's something buried under it I want you to have.

Mon, 09/05/2011 - 13:07 | 1634873 IronShield
IronShield's picture

What the!?  Darn it... Now I gotta go move that stuff...

Mon, 09/05/2011 - 13:20 | 1634922 trav7777
trav7777's picture

no worries, mate, I already took care of it for you.  Thank me later

Mon, 09/05/2011 - 14:28 | 1635212 All_In
All_In's picture

That reminds me of a movie called, "Shawshank Redemption"...probably just a coincidence...

Mon, 09/05/2011 - 14:57 | 1635374 bob_dabolina
bob_dabolina's picture

Pop quiz, hotshot. There's a bomb on a bus. Once the bus goes 50 miles an hour, the bomb is armed. If it drops below 50, it blows up. What do you do? What do you do? 

Mon, 09/05/2011 - 15:06 | 1635425 Got_Nukes
Got_Nukes's picture

Shoot the hostage! Shit, just watched that movie with my kids last night.

 

Guess nobody wants to tell if they insure their PM's.  OR maybe nobody has any and everyone is all talk.

Mon, 09/05/2011 - 15:17 | 1635489 DosZap
DosZap's picture

 Got_Nukes

My take...................

Don't take it personal,most folks on here are TRANSITORY(last weeks word),and wouldn't piss on you if you were on fire.

Two reasons for not insuring, costs a fortune, and you let your ins company( and any $10.00 an hour Sec know what you have, same with firearms.

NO WAY.

Buy a damned good safe,anchor securely, silent alarm/s, huge K9 dog/s(only K9's), most dogs will run away if sprayed in the face with aerosols, not K9 trained..your ass is theirs, and have weapons in each room of your home.

 

Mon, 09/05/2011 - 15:34 | 1635548 Got_Nukes
Got_Nukes's picture

Thanks, was thinking about calling ins company for a quote, but didn't want to let them know what I have.

Mon, 09/05/2011 - 15:45 | 1635588 DosZap
DosZap's picture

Got_Nukes,@15:34,

Welcome, you win the PRIZE.

Less who know the better.

Esp if the SHTF, the folks you begged to participate will be the first one's popping off about you and your TALKS.

Could mean unwanted visitors.

Mon, 09/05/2011 - 18:37 | 1636079 delacroix
delacroix's picture

install a dummy safe, with diving weights in it. about $100 at lowes. split your stash, and get creative. if you are robbed at gunpoint, you may only lose a fraction of your wealth

Tue, 09/06/2011 - 00:00 | 1637091 Temporalist
Temporalist's picture

You can also use something like goldmoney which allows one to own and store in a foreign bank, a choice of 3 countries, pay a small storage fee and sell without a premium.  There are similar options to that too. 

I believe Europacific has something similar with Perth Mint in Australia.

So you own it, without having physical in hand, but you don't have to insure it as it already is, just pay storage costs (at least on goldmoney haven't looked at europac).

Mon, 09/05/2011 - 12:52 | 1634830 r101958
r101958's picture

I don't like it but watch out for TPTB selling paper gold to prop up market tomorrow. Another paper gold -100 day. Just like before.

Mon, 09/05/2011 - 12:52 | 1634832 Ray Elliott
Ray Elliott's picture

There is a struggle going on for the remaining Titanic deck chairs.

Mon, 09/05/2011 - 12:55 | 1634839 r101958
r101958's picture

Yes. TBTFs ...soon 1 down, 2 to go? Who is last man (thief) standing?

Mon, 09/05/2011 - 12:57 | 1634845 slewie the pi-rat
slewie the pi-rat's picture

here's some real news, if tyler is done "breaking" (according to GATA) the wikileaks story.  [do we have a new "contender" w/ Forbes for "capitalist tool"?]

libya, 0'course:  Rebel Commander Seeks UK, US Apology

   (paste) : The commander of the rebel forces in the National Transitional Council, Abdel-Hakim Belhaj Monday demanded an apology from Britain and the US after seized documents suggested both countries were complicit in a plan that led to his detention and torture.  blahblah Belhaj was sent to Libya and jailed for seven years by the Muammar Al Qathafi regime. The Libyan authorities released him in 2008 with 170 other Libyan Islamists.  blahblah Britain has always denied initiating or being complicit in rendition operations. No wonder the recent revelations are so embarrassing. (end paste)

i'm sure many have already gotten this from their TVs, but just in case:  UK To Investigate MI6's Involvement With Al Qathafi Regime's Intelligence

Rebels Still Hope People Inside Bani Walid Would Rise Against Al Qathafi Loyalists to Avoid Bloodshed

Libya's New Leadership Signs First Fuels Contract...to IMPORT fuel!

and slewie's fave, morgan strong: Summary of the American and International Press on the Libyan Revolution - <i>Morgan Strong</i>

or, you can just get them all, here: The Tripoli Post - Libya News and Business

bisiness, BiChez!  business! 

trust me!

Mon, 09/05/2011 - 12:59 | 1634850 RobotTrader
RobotTrader's picture

Gold now going completely parabolic in Euros and Aussie Dollars

Mon, 09/05/2011 - 14:03 | 1635073 akak
akak's picture

Mindless flyby one-liner drivel from RobotLemming going parabolic as well.

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