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?

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