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Gold Hits All Time Highs In Euro, Swiss Franc And Brazilian Real
Gold has now reached all-time record highs in terms of the Euro, Swiss Franc, and Brazilian Real. Gold in USD is up 90% from the March 2009 equity lows and up 50-65% in the rest of the major fiat currencies.
The previous peak in Gold right after the initial Swiss Franc peg/ceiling is quite clear in the chart below showing performance of Gold priced in various fiat currencies since the March 2009 lows...
Charts: Bloomberg
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Gold! It's what's for wealth preservation and survival.
Gold Bitches!!
Correct spelling is "Bitchez" sheeple....
Nice avatar by the way...
Gold and silver are tanking as we speak...I refer you back to my post on the last ZH post pumping gold:
http://www.zerohedge.com/news/dalio-gold-buffett-making-big-mistake
How do I make such great calls? Because I have full faith in our leaders, thats how. I think I just called the top in the gold bubble, along with a key bottom in the treasury market. This will be monumental; and again, this will be the greatest wealth transfer in history, from people with unbacked sterile assets like gold, to those holding fully government backed assets.
Just like I said on a previous post
Beware the Blythe on options expiry days
this smack down will be like the last 30....an instant rebound to right were it was before they attacked....
Excellent reminder.
Of course the fat finger must prevail when the sheeple stir.
New approach - smackdowns occur AFTER London price is set. Methinks the bankers are trying NOT to actually sell any REAL gold. Before when the paper price was smacked down hard before Londin fixes you had serious buying of REAL physical by our eastern friends (who have actually been taking delivery). Seems that by letting prices rise and hit highs for the London fixes and smacking down AFTER the banks are trying to limit buying on the dips by the big players.
Yes beware those .5% moves to...1772.
Ignore the 0.5% downs and celebrate those 0.5% moves up. ZH mantra.
No we celebrate the down moves too, it's makes it cheaper to stack.
OMG!!!!!!! the anti-gold boys at the banks have gotton someone out of retirement! we are back to the 10:30am smack down of gold and silver. for years you could set your watch by the 10:30am smack down....thar she goes. silver from aprox. $35.14 to $34.33 in 25 minutes. who ever this is is an old pro, perfect timing.
TBTF had Simon Potter add "raid PMs at 10:30am" to his "To Do" list.
goddamn. silver's getting raped right now...time to BTFD!
If you look quickly you can see a crime in progress. Naked shorting the living fuck out of AU/AG on the cuntex
Loaded up on phyzzz so I could care less... Enjoy the ride!
Hopefully no tungsten in there!
No, it isn't. Chumbawamba coined the phrase "Gold Bitches".
Later the different spellings came along.
Agreed.
Chumba was the first and he used "Bitches". In fact he denounced all the spelling variations that came later, usually with rather colorful language.
One of the original fight club members who always used bare fists.
Chumba can kiss my ass
Ghold Bee-chezz!!!
Brass and Lead anyone?
If only we could revive the The Coinage Act of April 2, 1792: (bold mine)
Section 19. And be it further enacted, That
if any of the gold or silver coins which
shall be struck or coined at the said mint
shall be debased or made worse as to the
proportion of the fine gold or fine silver
therein contained, or shall be of less weight
or value than the same out to be pursuant to
the directions of this act, through the
default or with the connivance of any of the
officers or persons who shall be employed at
the said mint, for the purpose of profit or
gain, or otherwise with a fraudulent intent,
and if any of the said officers or persons
shall embezzle any of the metals which shall
at any time be committed to their charge for
the purpose of being coined, or any of the
coins which shall be struck or coined at the
said mint, every such officer or person who
shall commit any or either of the said
offenses, shall be deemed guilty of felony,
and shall suffer death.
$1,800 au + $40 ag in u.s. dollars will cause a stampede. just wait.
Stampede in or out of PM's ???
in. it is my contention we have passed technicals, it is now a mind game.
Maybe, but I think we see one more buying opportunity when the market tanks. You?
i think one more beat down to around $1,700 au + $30 ag is possible, then back up. maybe one more time left. people who have made fun of me for years have been calling me of late. that's telling.
Daily smack down algo just hit, straight down $15 dollars ....
Same thoughts
This article is bad news for PM buy-n-holders: it points out the technicals that will lead to a short-term sell-off in PMs over next month.
PM buy-n-holders don't give a shit about the short term.
PM investors DO give a shit about technicals
Yes, 1800 and 35 are big resistance levels. If they ARE breached, it WILL signal the next leg up in USD (gold anyway). Silver is still lagging.
New all time highs in gold in different currencies is another confirmation of an impending breakout in USD terms.
Precious metal investors don't care about technicals,precious metal speculators do. Investors rely on fundamentals and they have't changed.
I see what you did there. Very clever, badger. Very clever.
You think physical buyers care about a technical sell off? I hope it does sell down some and I will add to the position.
Bingo! i bought the $27 silver and $1560 gold dip and not buying right now. I think if the stock market plunges there will be another buying opportunity...
The stock market can't plunge until until QE to infinity fails, which will trigger Gold to infinity in US Dollars.
hell, yes. these manipulated dips are your friends!
With $40Billion a month in dilution comin down the pipes every month I don't really give a shit about a tiny sell off
Give me control of my own stack of gold and I care not what Bernanke does with his printer. - Mayer Von Civil Disobedience.
Official announcement of QE to infinity and beyond has put a solid floor under Gold and Silver. We have now reached the same point Germany was at in 1922.
FUCK YOU BERNANKE
Tell us HOW YOU REALLY FEEL!!!!
GLL/ZSL for the coming lull/consolidation/dip/raid/margin-raises/manipulations
Damn Slaughterer, as was with your devil's advocacy on the last thread but now you're going pedal to the metal, I'm starting to think you're the irrational one here!!!
Next stop, $2200!
look at silver futures RIGHT NOW (10:45-10:55am). What I was just talking about.
Slaughterer, hangover much?
Slight hangover, but it allowed me to see reality more clearly.
They're predictable, with options expiration day and all. However, it was a minor damage, I was hoping for a better discount on my order...
Gold has more than doubled in dollars since Obama was elected President. Obama is a gold bug?
http://confoundedinterest.wordpress.com/2012/09/21/eurozone-deflation-netherlands-housing-spanish-mortgages-but-greek-yields-fall-below-20/
Good post, thanks for the link...
....................and Gold will be at all-time highs in US$ soon, as well.
WHAT THE HELL HAPPENED IN SILVER! Down from $35.10 to $34.55 in minutes!
You maniacs! Damn you JPM! Damn you all to HELL!
Gee...
gold met a cliff too....just a buying op!
it's ok ,It's just the computers trying to dicourage pm buying and get that money into inflated stocks! Cue in Al,Al open the pm doors,sorry dave I cannot do that!
Dear ZH, stop posting so many gold articles. TPTB are on to you. Smackdown in progress.
Thanks,
sharky2003.
Good to know T. D. Thank you. All time gold high in Fiat FRN was about $1917.90 on 8/23/11. Double top in silver at about $49.82 on Sunday evening 5/1/11 when Osama was resurrected and dumped in the ocean per CIA tradition.
Tuco
Huh, massive gold and silver smackdown at 10:51. Doesn't London's PM fix occur at 11am?? I bet that's a happy coincidence for all the london metals traders who were short going into the weekend!
1775/34.60 will be tough, very tough--do not expect to clear it first time.
Something is working very, very hard to suppress silver this morning.
Good luck trying... QE+n is here and Inflation is on the way... for the next several years. This is the event that will finally start to put pressure on the manipulators. I expect more smack down but as silver continues its ascent, the short squeeze will only get more pronounced.
Check out El Erian's comments this morning on CNBC... Inflation is on the way for YEARS... so guess what's coming for PMs.
Theyve been working hard all week to defend $35. So far they have only mananged to hold it flat.
I am anticipating a MASSIVE attack in the coming weeks... with daily swings of $5. Web bot technology spotted this years ago... and when we see these swings of $5 a day, they say that the end of silver manipluation will be close to over. (I'm not associated with the webbot people).
Looks like the SPT (surge protection team) has gone back to work on gold.
I'm sure it is getting tougher now for them to do so. They will feed right into
China's hand, allowing China to dump soon to be discounted dollars for underpriced Gold.
Won't be too long before they ship China all the Gold in FT. Knox and the GLD.
If you don't have physical Gold in your possession, you don't have squat.
i'm afraid tungsten may be all they get from ft knox; timmy will spray a nice golden coat to it, though.
Sooner or later all newly printed QE3+ money will be necessary for suppressing gold price.
Sooner or later all newly printed QE3+ fiat currency will be necessary for suppressing Gold (money) price.
There...fixed it for you!
Ah, yes, right. Thanks.
Gold demonstrated remarkable resistance against today's lightning attack; that's encouraging. I think the suppression effect is gradually vanishing. Deeper dips will be perceived as an outstanding buying opportunity. As long as QE-n (and all the havoc around) is in effect the usual scaring method will not be working effectively enough.
PM buyers rather put their weak hands around Bernankes neck instead of selling.