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Gold Hits All Time Highs In Euro, Swiss Franc And Brazilian Real

Tyler Durden's picture


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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Fri, 09/21/2012 - 10:34 | 2817797 Cognitive Dissonance
Cognitive Dissonance's picture

Gold! It's what's for wealth preservation and survival.

Fri, 09/21/2012 - 10:39 | 2817818 Awakened Sheeple
Awakened Sheeple's picture

Gold Bitches!!

Fri, 09/21/2012 - 10:47 | 2817848 SmallerGovNow2
SmallerGovNow2's picture

Correct spelling is "Bitchez" sheeple....


Nice avatar by the way...

Fri, 09/21/2012 - 10:58 | 2817908 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Gold and silver are tanking as we speak...I refer you back to my post on the last ZH post pumping gold:

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.

Fri, 09/21/2012 - 11:04 | 2817934 Comay Mierda
Comay Mierda's picture

Just like I said on a previous post

Beware the Blythe on options expiry days

Fri, 09/21/2012 - 11:07 | 2817964 smlbizman
smlbizman's picture

this smack down will be like the last instant rebound to right  were it was before they attacked....

Fri, 09/21/2012 - 11:08 | 2817967 goldfish1
goldfish1's picture

Excellent reminder.

Of course the fat finger must prevail when the sheeple stir.

Fri, 09/21/2012 - 12:21 | 2818287 cynicalskeptic
cynicalskeptic's picture

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. 

Fri, 09/21/2012 - 11:12 | 2817984 fuu
fuu's picture

Yes beware those .5% moves to...1772.

Fri, 09/21/2012 - 13:11 | 2818487 smiler03
smiler03's picture

Ignore the 0.5% downs and celebrate those 0.5% moves up. ZH mantra. 

Fri, 09/21/2012 - 16:14 | 2819161 fuu
fuu's picture

No we celebrate the down moves too, it's makes it cheaper to stack.

Fri, 09/21/2012 - 11:02 | 2817911 greyghost
greyghost's picture

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.

Fri, 09/21/2012 - 11:04 | 2817936 slaughterer
slaughterer's picture

TBTF had Simon Potter add "raid PMs at 10:30am" to his "To Do" list.  

Fri, 09/21/2012 - 10:59 | 2817915 Troll Magnet
Troll Magnet's picture

goddamn. silver's getting raped right now...time to BTFD!

Fri, 09/21/2012 - 11:05 | 2817947 Au Member
Au Member's picture

If you look quickly you can see a crime in progress. Naked shorting the living fuck out of AU/AG on the cuntex

Fri, 09/21/2012 - 11:05 | 2817949 Awakened Sheeple
Awakened Sheeple's picture

Loaded up on phyzzz so I could care less... Enjoy the ride!

Fri, 09/21/2012 - 13:27 | 2818554 kralizec
kralizec's picture

Hopefully no tungsten in there!

Fri, 09/21/2012 - 11:20 | 2818018 Bay of Pigs
Bay of Pigs's picture

No, it isn't. Chumbawamba coined the phrase "Gold Bitches".

Later the different spellings came along. 

Fri, 09/21/2012 - 12:35 | 2818336 Cognitive Dissonance
Cognitive Dissonance's picture


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.

Fri, 09/21/2012 - 14:53 | 2818931 Likstane
Likstane's picture

Chumba can kiss my ass

Ghold Bee-chezz!!!

Fri, 09/21/2012 - 15:00 | 2818946 Leto II
Leto II's picture

Brass and Lead anyone?

Fri, 09/21/2012 - 10:38 | 2817808 metastar
metastar's picture

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.

Fri, 09/21/2012 - 10:36 | 2817809 becky quick and...
becky quick and her beautiful mouth's picture

$1,800 au + $40 ag in u.s. dollars will cause a stampede. just wait.

Fri, 09/21/2012 - 10:49 | 2817863 SmallerGovNow2
SmallerGovNow2's picture

Stampede in or out of PM's ???

Fri, 09/21/2012 - 10:52 | 2817872 becky quick and...
becky quick and her beautiful mouth's picture

in. it is my contention we have passed technicals, it is now a mind game.

Fri, 09/21/2012 - 10:56 | 2817892 SmallerGovNow2
SmallerGovNow2's picture

Maybe, but I think we see one more buying opportunity when the market tanks.  You?

Fri, 09/21/2012 - 11:01 | 2817928 becky quick and...
becky quick and her beautiful mouth's picture

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.

Fri, 09/21/2012 - 11:13 | 2817991 SmallerGovNow2
SmallerGovNow2's picture

Daily smack down algo just hit, straight down $15 dollars ....

Fri, 09/21/2012 - 11:32 | 2818066 AvoidingTaxation
AvoidingTaxation's picture




Same thoughts

Fri, 09/21/2012 - 10:36 | 2817810 slaughterer
slaughterer's picture

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.  

Fri, 09/21/2012 - 10:42 | 2817828 Honey Badger
Honey Badger's picture

PM buy-n-holders don't give a shit about the short term.

Fri, 09/21/2012 - 11:05 | 2817953 slaughterer
slaughterer's picture

PM investors DO give a shit about technicals  

Fri, 09/21/2012 - 11:32 | 2818064 Bay of Pigs
Bay of Pigs's picture

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.

Fri, 09/21/2012 - 13:07 | 2818087 Dr. Engali
Dr. Engali's picture

Precious metal investors don't care about technicals,precious metal speculators do. Investors rely on fundamentals and they have't changed. 

Fri, 09/21/2012 - 12:08 | 2818235 Alpo for Granny
Alpo for Granny's picture

I see what you did there. Very clever, badger. Very clever.

Fri, 09/21/2012 - 10:45 | 2817841 Dr. Engali
Dr. Engali's picture

You think physical buyers care about a technical sell off?  I hope it does sell down some and I will add to the position.

Fri, 09/21/2012 - 10:51 | 2817869 SmallerGovNow2
SmallerGovNow2's picture

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...

Fri, 09/21/2012 - 10:57 | 2817904 Long-John-Silver
Long-John-Silver's picture

The stock market can't plunge until until QE to infinity fails, which will trigger Gold to infinity in US Dollars.

Fri, 09/21/2012 - 13:32 | 2818575 lakecity55
lakecity55's picture

hell, yes. these manipulated dips are your friends!

Fri, 09/21/2012 - 10:49 | 2817861 CvlDobd
CvlDobd's picture

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.

Fri, 09/21/2012 - 10:54 | 2817882 Long-John-Silver
Long-John-Silver's picture

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.

Fri, 09/21/2012 - 10:38 | 2817815 HelluvaEngineer
HelluvaEngineer's picture


Fri, 09/21/2012 - 10:53 | 2817876 SmallerGovNow2
SmallerGovNow2's picture


Fri, 09/21/2012 - 10:42 | 2817831 slaughterer
slaughterer's picture

GLL/ZSL for the coming lull/consolidation/dip/raid/margin-raises/manipulations

Fri, 09/21/2012 - 10:48 | 2817857 ParkAveFlasher
ParkAveFlasher's picture

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!

Fri, 09/21/2012 - 10:56 | 2817893 slaughterer
slaughterer's picture

look at silver futures RIGHT NOW (10:45-10:55am).  What I was just talking about.    

Fri, 09/21/2012 - 10:59 | 2817920 ThirdWorldDude
ThirdWorldDude's picture

Slaughterer, hangover much?

Fri, 09/21/2012 - 11:06 | 2817961 slaughterer
slaughterer's picture

Slight hangover, but it allowed me to see reality more clearly.  

Fri, 09/21/2012 - 11:26 | 2818040 ThirdWorldDude
ThirdWorldDude's picture

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...

Fri, 09/21/2012 - 10:54 | 2817880 Snakeeyes
Snakeeyes's picture

Gold has more than doubled in dollars since Obama was elected President. Obama is a gold bug?

Fri, 09/21/2012 - 11:20 | 2818019 SmallerGovNow2
SmallerGovNow2's picture

Good post, thanks for the link...

Fri, 09/21/2012 - 10:54 | 2817881 ZeroAvatar
ZeroAvatar's picture

....................and Gold will be at all-time highs in US$ soon, as well.

Fri, 09/21/2012 - 10:59 | 2817901 Dead Canary
Dead Canary's picture

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!

Fri, 09/21/2012 - 10:59 | 2817913 slaughterer
slaughterer's picture


Fri, 09/21/2012 - 10:59 | 2817918 sdmjake
sdmjake's picture

gold met a cliff too....just a buying op!

Fri, 09/21/2012 - 11:04 | 2817942 caimen garou
caimen garou's picture

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!

Fri, 09/21/2012 - 10:59 | 2817910 sharky2003
sharky2003's picture

Dear ZH, stop posting so many gold articles. TPTB are on to you. Smackdown in progress. 


Fri, 09/21/2012 - 11:10 | 2817972 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

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.


Fri, 09/21/2012 - 11:05 | 2817956 Josey Wales
Josey Wales's picture

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!

Fri, 09/21/2012 - 11:08 | 2817968 slaughterer
slaughterer's picture

1775/34.60 will be tough, very tough--do not expect to clear it first time.  

Fri, 09/21/2012 - 11:44 | 2817969 web bot
web bot's picture

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.

Fri, 09/21/2012 - 11:46 | 2818110 PiratePawpaw
PiratePawpaw's picture

Theyve been working hard all week to defend $35. So far they have only mananged to hold it flat.

Fri, 09/21/2012 - 12:03 | 2818210 web bot
web bot's picture

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).

Fri, 09/21/2012 - 11:13 | 2817994 zorba THE GREEK
zorba THE GREEK's picture

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. 

Fri, 09/21/2012 - 13:28 | 2818558 lakecity55
lakecity55's picture

i'm afraid tungsten may be all they get from ft knox; timmy will spray a nice golden coat to it, though.

Fri, 09/21/2012 - 11:26 | 2818042 Anasteus
Anasteus's picture

Sooner or later all newly printed QE3+ money will be necessary for suppressing gold price.

Fri, 09/21/2012 - 11:58 | 2818177 tocointhephrase
tocointhephrase's picture

Sooner or later all newly printed QE3+ fiat currency will be necessary for suppressing Gold (money) price.


There...fixed it for you!

Fri, 09/21/2012 - 12:42 | 2818364 Anasteus
Anasteus's picture

Ah, yes, right. Thanks.

Fri, 09/21/2012 - 13:05 | 2818465 Anasteus
Anasteus's picture

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.

Fri, 09/21/2012 - 14:34 | 2818840 debtor of last ...
debtor of last resort's picture

PM buyers rather put their weak hands around Bernankes neck instead of selling.

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