• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Here Comes The Non-Boring Weekend: G7 Says "Central Banks Ready To Provide Liquidity As Required"

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Fri, 09/09/2011 - 21:38 | 1653208 scratch_and_sniff
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Can i also add, i think this whole thing is playing into the hands of the Germans beautifully, fair play to them, sometimes power goes where its natural home is, no need for malice to be involved(just a little tweaking). But if the Germans are so against backstopping Europe, what the fuck were they going to do if they had of won the war? Man its my unshakeable belief that the Germans have this all in the bag...look at the contenders, fuck sake: Ireland? Greece? (Italy is ok, they have 2500 tonnes of gold) what the fuck is Ireland going to do? The stupid fucks signed the lot away, they didnt even have a sovereign crisis, it was an irrelevant banking dilemma; bond holders went to bed one night accepting they were going to take a 70% haircut, and woke up the next morning to find santa had come in the form of the Irish gov promising 100%…for what? noooooooooooooo, something going on here, i can feel it in my salty balls.

Sat, 09/10/2011 - 12:35 | 1654517 falak pema
falak pema's picture

I think the intent of article statement is very clear :

Flexible in AMOUNT (upto 3.5 trillion), Inflexible in Intent. (We will go the whole hog.)

Fri, 09/09/2011 - 20:29 | 1653035 knukles
knukles's picture

It's not English, it's Portugese.

Fri, 09/09/2011 - 21:27 | 1653185 New_Meat
New_Meat's picture


Fri, 09/09/2011 - 18:32 | 1652736 Herman Strandsc...
Herman Strandschnecke's picture

XRAYD. I'd say it meant 'Warping'

Fri, 09/09/2011 - 18:39 | 1652753 falak pema
falak pema's picture

what is the ductile strength of "flexibilization"? What is its limit of elasticity? When does plasticity defintely set in?

The honorable society of pseudo science, called the "G7 financial wizards", can be relied upon to provide us all the scientific answers. 

A true experiment in the making will tell us how this flexibilization works first for Greece, then Portugal, then Spain, then Italy. 

In the meantime as chief Chaman Triche has ordained : there will be unlimited liquidity for all EU banks...

So there...let the great euro experiment now proceed. 

Fri, 09/09/2011 - 18:52 | 1652793 Poule Mouillee
Poule Mouillee's picture

falak, you neglected to mention crazing.  Crazing has already begun.

Fri, 09/09/2011 - 19:04 | 1652834 Herman Strandsc...
Herman Strandschnecke's picture

Is this Crazing like splitting up on the veneer with a bloating of debt underneath?

Fri, 09/09/2011 - 19:53 | 1652958 Al Gorerhythm
Al Gorerhythm's picture

Will Flexibization ever get Gription?

Fri, 09/09/2011 - 22:14 | 1653291 TheFourthStooge-ing
TheFourthStooge-ing's picture

Will Flexibization ever get Gription?

No, but Flexibiliquidicuritization will get Tractionalized into the Defaultranche.


Fri, 09/09/2011 - 21:12 | 1653136 WmMcK
WmMcK's picture

I've heard Au and Ag are very ductile (and malleable and fungible), but, alas, not edible.

Fri, 09/09/2011 - 21:30 | 1653190 New_Meat
New_Meat's picture

fp: in honor of -10 yearz:

"... What is its limit of elasticity? When does plasticity defintely set in? ... "

Hook's Law is a function of local temperature.

God love them all and the follow-on playaz'

- Ned

Fri, 09/09/2011 - 20:02 | 1652985 Clampit
Clampit's picture

Another sentence example: flexibilization of capital markets will continue until moral improves.

Fri, 09/09/2011 - 21:24 | 1653171 scatterbrains
scatterbrains's picture

It's morale yo

Fri, 09/09/2011 - 22:31 | 1653336 Al Gorerhythm
Al Gorerhythm's picture

Or not. maybe he meant to add an "s" for morals.

Sat, 09/10/2011 - 09:54 | 1654234 Chaffinch
Chaffinch's picture

They have no morals. It is possible they have Morrells (which is, or was, a brand of beer) hence the references to liquidity.

Fri, 09/09/2011 - 18:16 | 1652667 JupiterAndBeyond
JupiterAndBeyond's picture

European Union = New Coke

Fri, 09/09/2011 - 18:16 | 1652668 gookempucky
gookempucky's picture

This reminds me of when Sherlock Holmes and Watson went camping;

During the first night Holmes wakes up around 2 am and was looking at the stars..perplexed he elbows Watson to wake up..Watson still half asleep says what in the bloody hell is wrong Holmes ? I was sleeping like a log...Holmes motions to Watson towards the sky and says ..what do you see Watson ?  Watson a little perplexed finally says WOW the stars are giant tonight..what a beautiful night, what a beautiful sky...this is what you wanted me to see wasnt it Holmes...NO Watson look harder...Watson squints his eyes and stares very hard only to say, I dont see what you are talking about Holmes...What is it Im supposed to see ? Holmes finally says WATSON SOMEONE HAS STOLEN OUR TENT !!!!!!!

Fri, 09/09/2011 - 18:25 | 1652705 juslen
juslen's picture

lol, real laughter did indeed occur on my part.

Fri, 09/09/2011 - 19:00 | 1652822 Marx_it_2_market.
Marx_it_2_market.'s picture

Thanks for the laugh.  It was so funny that I went to verify the source.  Turns out the exact version is even funnier, and more apt in showing how details can lead one astray, something the MSM knows all too well.

“Holmes and Watson are on a camping trip. In the middle of the night Holmes wakes up and gives Dr. Watson a nudge. “Watson,” he says, “look up in the sky and tell me what you see.” “I see millions of stars, Holmes,” says Watson. “And what do you conclude from that, Watson?” Watson thinks for a moment, “Well,” he says, “astronomically, it tells me that there are millions of galaxies and potentially billions of planets. Astrologically, I observe that Saturn is in Leo. Horologically, I deduce that the time is approximately a quarter past three. Meteorologically, I suspect that we will have a beautiful day tomorrow. Theologically, I can see that God is all powerful, and we are small and insignificant. Uh, what does that tell you, Holmes?” “Watson, you idiot! Someone has stolen our tent!”

Fri, 09/09/2011 - 18:19 | 1652669 bob_dabolina
bob_dabolina's picture

Uh....are we forgetting Obama and his job plan? It's clearly going to put humpty dumpty back together again (if it's done NOW, we'll pass it and find out what's in it later)

Fri, 09/09/2011 - 20:47 | 1653079 SilverIsKing
SilverIsKing's picture

Obama, master of the "pull my finger" gag.

Fri, 09/09/2011 - 18:17 | 1652670 MonkeySmoke
MonkeySmoke's picture

Now we know, fully, the reason for the attempts at keeping gold and silver under control. Should be interesting to see how gold and silver react to this news, Monday when the market opens.

Fri, 09/09/2011 - 19:54 | 1652962 jdelano
jdelano's picture

That's exactly what I saw in this--they will be going after gold. Goddamn it. Now they're really pissing me off. Insurrection time.

Fri, 09/09/2011 - 22:02 | 1653271 TheFourthStooge-ing
TheFourthStooge-ing's picture

That's exactly what I saw in this--they will be going after gold.

Fuck it, let them go after gold. Let them drive it back down as much as they can. How long will it last? A week? A day or two?

The increasing desperation of the manipulation is being matched by a decreasing duration of the effects. Those who are waiting for a big dip before buying will soon be wishing they'd bought when gold was still under $2000. Those who believe that paper gold is worth something will soon be wishing they'd bought physical when it was available and an ounce cost less than a wheelbarrow full of hundred dollar bills.


Fri, 09/09/2011 - 18:17 | 1652671 --Freedom--
--Freedom--'s picture

Does "provide liquidity" just mean printing money? Serious question. Does this just mean the European central banks will print money for the banks, and, if so, will the gold market react the same way it did under US qe programs?

Fri, 09/09/2011 - 18:34 | 1652742 unky
unky's picture

Also interesting will be the EUR/USD, today at 1.36, its not very nice for you if you havent bought PMs already.

Fri, 09/09/2011 - 18:42 | 1652762 --Freedom--
--Freedom--'s picture

Well, I'm pretty much all in on the metals. Have been waiting for a big move up before unloading some UGL to buy another couple years worth of dried goods. So I've been watching the gold market closely for the move up toward 2k.
Of course, the physical metal won't be sold at 2k.

Fri, 09/09/2011 - 19:59 | 1652974 NumberNone
NumberNone's picture

The CB's are screwed.  They are in a suicide pact and Greece is about to slit its wrists.  They have to keep Greece on anti-depressant cashflows because they know when Greece declares bankruptcy and kills itself...you've got 5 more countries that say fuck it and will throw their lot in with the bankruptcy suicide pact almost immediately.  Last one out is the loser...right Germany??  Can't you just feel Germany squirming and getting ready to raid the US bases for tactical nukes to kick some fucking teeth in?  "Gott im himmel, you bastards will pay for this"  It was their own poverty that drove them to military action in WWII...it will be everyone elses poverty that will drive them into action this time. 

In the end, CB's are down to printing money and praying for a miracle.  It's all they got. 

Fri, 09/09/2011 - 18:18 | 1652674 pillory
pillory's picture

zerohedge freaks me out.

waiting on the "just head for the hills" headline. (when, tyler, when?)

changing avatar to super-attractive ostrich.

Fri, 09/09/2011 - 18:36 | 1652749 Poule Mouillee
Poule Mouillee's picture

If only the avatars were bigger so we could truly appreciate it.

Fri, 09/09/2011 - 19:49 | 1652950 toady
toady's picture

You're not the only one. At least once a week I load all the weapons and the truck after reading ZH.

A day later I calm down. I'm getting pretty good. It takes less than an hour now...

Fri, 09/09/2011 - 19:59 | 1652973 mayhem_korner
mayhem_korner's picture

Nice fowl trifecta.  I personally prefer the ostrich (with a good chianti).  Little gamier than the chix or gooz.

Fri, 09/09/2011 - 21:33 | 1653197 Rodent Freikorps
Rodent Freikorps's picture

If you wait to hear the final "Eject" you will be alone in this airplane.

Sat, 09/10/2011 - 06:39 | 1654032 mayhem_korner
mayhem_korner's picture

Didn't recognize the new pic, RF.  Presume he's sporting a glock under the trenchcoat?

Fri, 09/09/2011 - 18:19 | 1652683 SumSUN
SumSUN's picture

Ohhh i get it.  They are doing more of the same at a more furious pace to solve the problems.  Brilliant!  Everyone sell your PMs and deposit your cash to help capitalize the banks!

Fri, 09/09/2011 - 18:41 | 1652760 andybev01
andybev01's picture

Kind of like having a bad steering box so you move the steering wheel before you reach the corner.

Fri, 09/09/2011 - 22:45 | 1653373 Conax
Conax's picture

Sell to whom? Who ends up with the gold?


Let them rage and make threats, if it gets too ugly, I'll bury it for the grandkids.


Lookout for some new PMs tax/regulations. They have the printing press and a monopoly on the use of force.

I have a shovel.

Fri, 09/09/2011 - 18:20 | 1652686 LookingWithAmazement
LookingWithAmazement's picture

"Central Banks stand ready to provide liquidity to banks as required"

No banking crisis. The doomers can go to sleep again. Boring world we live in.

Fri, 09/09/2011 - 19:13 | 1652861 Amish Hacker
Amish Hacker's picture

Right, there's absolutely no problem, but if you give us enough money, we can solve it.

Fri, 09/09/2011 - 20:50 | 1653083 Lord Welligton
Lord Welligton's picture
"LookWithAmazement" At how stupid I am. Well done. You do your education a credit.
Fri, 09/09/2011 - 23:07 | 1653424 LookingWithAmazement
LookingWithAmazement's picture

Believe me: TPTB can play this "game" for as long as they want. Just protect yourself and go to sleep or do something useful.

Sat, 09/10/2011 - 06:43 | 1654035 mayhem_korner
mayhem_korner's picture

Believe me: TPTB can play this "game" for as long as they want.

So thought Belshazzar and the elites Roman Empire.

The delusion of invincibility is most vivid just before its downfall...

Fri, 09/09/2011 - 22:16 | 1653295 TheFourthStooge-ing
TheFourthStooge-ing's picture



Fri, 09/09/2011 - 18:20 | 1652687 hambone
hambone's picture

I don't even have time to read the comments - I'm off to buy more PM's.

Fri, 09/09/2011 - 18:23 | 1652696 SumSUN
SumSUN's picture

I would be as well, but i only have gold and silver... And some calls and puts.  I'm Maxed out!!

Fri, 09/09/2011 - 18:29 | 1652723 juslen
juslen's picture

Same here, 75% of my assets are in PM, 100% of my savings are in physical.

Fri, 09/09/2011 - 18:37 | 1652752 Poule Mouillee
Poule Mouillee's picture

It's been HOURS since I did that.  I'm jonesing for more too.

Fri, 09/09/2011 - 18:21 | 1652688 BurningFuld
BurningFuld's picture

"We support the United States in its work so that the U.S. recovery can continue" BaHaHaHa.

Aren't things continuing on a downward slant. I mean correct me if I'm wrong.

Fri, 09/09/2011 - 18:31 | 1652728 andybev01
andybev01's picture

*I know man; the fell for it!!*

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