This page has been archived and commenting is disabled.

Gold Explodes, Spam Unchanged

Tyler Durden's picture


Gold has jumped over $50 post-NFP, now back over $1600. Maybe, just maybe, as we have been saying since January 1, 2012 is a carbon copy of 2011, and the NEW QE is coming now that only central planning can sustain an epic economic collapse (for a few months at least)?



- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 06/01/2012 - 09:34 | 2483646 mee-mee-mee
mee-mee-mee's picture

Been waiting for that for some time, yee ha.

Fri, 06/01/2012 - 09:35 | 2483649 SHEEPFUKKER

Oh yes my bitchez. 

Fri, 06/01/2012 - 09:38 | 2483673 Clint Liquor
Clint Liquor's picture

But, But.........Gold is supposed to be linked to the Euro.

Fri, 06/01/2012 - 09:48 | 2483721 MillionDollarBonus_
MillionDollarBonus_'s picture

WOW - the ten year just hit 1.4870%! The flight to safety is on! This is a good oportunity for goldbugs to get out of thier losing positions and get into US treasuries while they can. It's still not too late for goldbugs - this yield is going a LOT lower!

Fri, 06/01/2012 - 09:49 | 2483736 LawsofPhysics
LawsofPhysics's picture

Yes, and with grandma and grandpa paying to have Uncle SAM lose their retirement they will have to become bondtraders to survive -  Now that is "winning"



Fri, 06/01/2012 - 09:56 | 2483784 Not For Reuse
Not For Reuse's picture

LOL, anyone playing the Pt/Au "convergence pair trade" since March or so must be in truly severe pain right now

Fri, 06/01/2012 - 09:59 | 2483809 fuu
fuu's picture


Fri, 06/01/2012 - 10:11 | 2483884 tocointhephrase
tocointhephrase's picture

NE1 4 Hocky?

Fri, 06/01/2012 - 11:28 | 2484317 Think for yourself
Think for yourself's picture

I was really hoping that the dip would last longer, I had planned to have enough money to buy 1oz by end of june. Whatever, if it rises I'll still go in, but by the time I can afford it in July it might just as well be 1700 :(

Fri, 06/01/2012 - 12:44 | 2484627 Jack Napier
Jack Napier's picture

In the eyes of posterity $2000 gold and $50 silver will be considered a bargain. Don't get hung up on the waves, be one with the tide. If you can get your position in before QE3 you'll be doing just fine. Physical only of course.

Fri, 06/01/2012 - 14:29 | 2485236 Think for yourself
Think for yourself's picture

Yeah definitely which is why I won't mind if I have to buy it at 1700. With silver below 30 I jumped on a 20oz and it pushed back my 1oz purchase. With the state of things lately I figured better 20 oz Ag now than 1 oz Au later, but getting it soon is the next thing on my agenda... wish me luck!

Fri, 06/01/2012 - 13:39 | 2484960 MeelionDollerBogus
MeelionDollerBogus's picture

well ... I gave all the warning I could ... 2012 apr 25 gold 277 week ROC | goldpricemodel

Fri, 06/01/2012 - 10:37 | 2483942 fiddler_on_the_roof
fiddler_on_the_roof's picture

I warned trav777 then about his long Platinum, short Gold trade. He was saying Platinum is rare blah..blah... etc same as

silver army's rhetoric that there is no silver stock above ground ie silver stock to flow ratio is in single digit, unlike Gold whose stock/flow is more than 100.


It would be best to go long Gold and short Silver/Platinum

Fri, 06/01/2012 - 11:06 | 2484191 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

With the AU/AG ratio around 57 I tend to disagree.   Maybe I'm wrong but time will tell...

Fri, 06/01/2012 - 12:39 | 2484604 Jack Napier
Jack Napier's picture

If you are shorting silver you may as well be dining with Trav. Pt may not be a good play, but silver is the best play there is. Funny that you even know the reason why, yet you still downplay it. I guess I shouldn't be surprised since your name indicates you're probably a Zionist. I wish I could get paid to post here too.

Fri, 06/01/2012 - 12:59 | 2484657 fiddler_on_the_roof
fiddler_on_the_roof's picture

I am from further east of Israel. No relation at all to West. Funny everything dissolves into conspiracy.

By your logic since Gold's stock to flow ratio is more than 100, it's value should be 1/100th the price of silver. Good luck on that endeavor.

As ANOTHER  said the giants(CB's) are positioned for Gold only since EURO came up, we can only follow that  ie pick up crumbs along the way.


FYI : the movie "Fiddler on the roof" is my favourite movie - explaining the melting of Traditional societies under the onslaught of western values. Most of us in the East can relate to that. Nothing Jewish about me.

Fri, 06/01/2012 - 11:43 | 2484389 TravsMom
TravsMom's picture

Now I know why he started locking himself in the basement in front of his computer, and desired to wear my mom jeans and push up bras.  Thought it was strange when he instisted we call him Tracy from now on, but it's starting to make sense.

Fri, 06/01/2012 - 10:00 | 2483814 AnAnonymouses
AnAnonymouses's picture

Chinaman make move at gold like cockblocker in TexMex bar.  US citizenisms for the win!

Fri, 06/01/2012 - 10:18 | 2483928 Colonial Intent
Colonial Intent's picture

Does AnAnonymouses mean you are legion or does it mean that you're a race of hyper intelligent mice? 

Fri, 06/01/2012 - 10:51 | 2484082 e_goldstein
e_goldstein's picture

Thanks, I needed a laugh this morning.


Fri, 06/01/2012 - 12:45 | 2484628 fuu
fuu's picture

The bag was a nice touch.

Fri, 06/01/2012 - 10:04 | 2483834 Short Memories
Short Memories's picture


MDB lost his mask for a minute with the caps bold "WOW" :D

Why would he say that if he'd sold his gold to buy FB shares? ;)



Fri, 06/01/2012 - 09:50 | 2483737 SheepRevolution
SheepRevolution's picture

Dude, you really got to step up a notch. You can do better!

Fri, 06/01/2012 - 12:07 | 2484478 Bananamerican
Bananamerican's picture

no. he can't

it's good. leave it be.

"dude, you can do better" is a cliche.

stop it.

Fri, 06/01/2012 - 12:43 | 2484616 Jack Napier
Jack Napier's picture

S/He could do better by spending energy on something productive and helpful instead of begging for attention like a neglected elementary student.

Fri, 06/01/2012 - 09:49 | 2483741 Pladizow
Pladizow's picture

Fed meets in June, perhaps last chance to QE3 before the elections - any later may be percieved as politically motivated!

Fri, 06/01/2012 - 10:05 | 2483842 BobPaulson
BobPaulson's picture

Since it is always politically motivated, your accurate comment speaks volumes on how easily perceptions are manipulated. Thumbs up.

Fri, 06/01/2012 - 09:51 | 2483747 Rubicon
Rubicon's picture

Appreciate the advice. Many thx.

Fri, 06/01/2012 - 09:54 | 2483774 Arnold Ziffel
Arnold Ziffel's picture

My Grandpa's 'High Yield Savings Acct for Seniors" just moved another decimal point to the left.


My Grandpa may have to downgrade from sardiees to dog food.

Fri, 06/01/2012 - 10:07 | 2483855 BobPaulson
BobPaulson's picture

If he's eating dog food and you're not, go check out how they manage in the rest of the world where pensions don't exist. Young people respect and care for their elders.

Fri, 06/01/2012 - 10:29 | 2483991 Deo vindice
Deo vindice's picture

Good one.  Really good one.

Fri, 06/01/2012 - 10:52 | 2484084 Sabibaby
Sabibaby's picture

Like in Greece where 55 is considered elderly!!!

Fri, 06/01/2012 - 09:58 | 2483780 Temporis
Temporis's picture

Hows your FB stock doing MDB?

"I predicted this from the start. FB is the AAPL, and any price below $100 is CHEAP. You may laugh at me now, but I'll be laughing when it's trading at $200 and you doomers are chasing the market." -MDB

Fri, 06/01/2012 - 10:11 | 2483888 SheepRevolution
SheepRevolution's picture

MDB = *sarc*. Please learn.

Fri, 06/01/2012 - 12:00 | 2484457 CharlieSDT
CharlieSDT's picture

I can't believe people still think he's serious.

Fri, 06/01/2012 - 13:38 | 2484961 TraitorsHang
TraitorsHang's picture

Newcomers won't understand. I'd say it took me 10-15 posts before finally figuring out that MDB only ever says what he thinks by saying the opposite of what he thinks. At least, I think that's what's going on.
As long as ZH continues to churn membership and/or grow, there will be posters confused by this.

Fri, 06/01/2012 - 09:59 | 2483800 ArrestBobRubin
ArrestBobRubin's picture

Riiiight. How's that FB workin' for ya?

Fri, 06/01/2012 - 10:12 | 2483889 dasein211
dasein211's picture

For all who don't know MDB is the best pro market parody troll on the web now! Don't take him too seriously... Or do!!

Fri, 06/01/2012 - 12:11 | 2484499 Bananamerican
Bananamerican's picture

MDB usually gets troll rated 2 or 3 to 1....Is it a "punch and judy" thing (you KNOW he's a spoof but you troll rate to go along with the gag) or is the dullard/intelligent ratio on ZH also 2 to 1?

Fri, 06/01/2012 - 12:23 | 2484553 robertocarlos
robertocarlos's picture

Damn. I've been doing it all wrong all along. I thought he needed a few ups for encouragement. Plus sometimes I agree with him.

Fri, 06/01/2012 - 15:51 | 2485626 unununium
unununium's picture

I rate up MDB in all his forms, because he's sensible and balanced.

Far too much emphasis is given here on ZH to who would benefit from various activities, and what their motivations are.  Surprisingly, most often, the world is as it seems!


Fri, 06/01/2012 - 10:05 | 2483843 Bansters-in-my-...
Bansters-in-my- feces's picture

Good morning FuckHead.

Drinking the Kool-Aid again MDB  ?

Fri, 06/01/2012 - 10:06 | 2483854 homersimpson
homersimpson's picture

I'll take your advice on the ten-year just like we all took your advice on Facebook.

Long live stupidity - we gold bugs are always looking to capitalize on financial stupidity. Y'know.. the same guys who print money and buy FB stock at any price so they can tell stories to their grandkids about how much they got fleeced, etc.

Fri, 06/01/2012 - 10:13 | 2483892 Upswaller
Upswaller's picture

Two things wasted on children:  Youth and Sarcasm.  Those thumbing down MDB need to find their sippy cups.  It's sarcasm, people!!!!!

Fri, 06/01/2012 - 10:20 | 2483938 Silver Bully
Silver Bully's picture

'Those thumbing down MDB need to find their sippy cups.'

But you misunderstand. Dislikes are like sweet orphan tears to MDB. He can't get enough of them.

Fri, 06/01/2012 - 10:39 | 2484027 homersimpson
homersimpson's picture

He's too arrogant to be sarcastic. You can tell the trolls from the mental scrubs. The trolls just post a quick piece and they vanish temporarily. The mental scrubs argue their clueless point relentlessly making no sense whatsoever to ad nauseam. I think ZH readers can figure out where MDB lies. Just like Robotrader, HarryWanger, etc..

Fri, 06/01/2012 - 10:45 | 2484047 Upswaller
Upswaller's picture

Does Robo lurk still?  I forgot about him.......

Fri, 06/01/2012 - 13:34 | 2484934 MeelionDollerBogus
Fri, 06/01/2012 - 13:34 | 2484927 MeelionDollerBogus
MeelionDollerBogus's picture

I can tell. I give the thumbs down on the principle that such comments no matter WHAT their intended meaning can't get a thumbs up.

Look up Poe's Law and you'll see.


Fri, 06/01/2012 - 10:13 | 2483893 Colonial Intent
Colonial Intent's picture

MDB, you were the reason I bought my first maple leaf.



Fri, 06/01/2012 - 10:23 | 2483953 Nobody For President
Nobody For President's picture

MDB! Damn, we've missed you.

How's the FB trade doing for you?

Fri, 06/01/2012 - 10:38 | 2484021 Badabing
Badabing's picture

he isn't sayen LOL

Fri, 06/01/2012 - 11:48 | 2484405 Papasmurf
Papasmurf's picture

Some have trouble reading between the pixles.

Fri, 06/01/2012 - 10:29 | 2483990 eclectic syncretist
eclectic syncretist's picture

Treasuries are just a pit stop on the eventual way to gold.  Everyone knows that the biggest moves are at the beginning of a breakout of a consolidation, which is what you have in gold right now.  In fact, it's been consolodating for a year.

The true breakout would be at about $1675, but with todays divergence from other markets gold is a very safe bet right now.

Fri, 06/01/2012 - 10:52 | 2484085 Hulk
Hulk's picture

MDB. now thats funny, I don't care who you are!

MDB: I certainly hope that you own physical gold and have it in hand. The World has run out of runway and must abandon childish things, such as paper gold, cds that have no backing, fiat currency and highly leveraged debt.

The man children have had their years in the sun and now must move aside, and let the men take over. Its midnight, and in the morning, the men of the world must start rebuilding.


Gold will be the last man standing. Take delivery while you still can...

Fri, 06/01/2012 - 11:02 | 2484137 Overfed
Overfed's picture

If you're being facetious, that's hilarious!

Fri, 06/01/2012 - 11:29 | 2484328 HungrySeagull
HungrySeagull's picture

B U L L S H I T! ! ! !

I saw it this morning, am taking action.

REMEMBER, stack physical... NOT papers or etf etc

Fri, 06/01/2012 - 13:32 | 2484913 MeelionDollerBogus
MeelionDollerBogus's picture

with gold slamming up $75 in just a couple of hours I'm pretty sure that shows flight out of dollars not into 10yr.

Pretty much today if you were long gold, silver, platinum, palladium or Puts for FB you did very well.

Fri, 06/01/2012 - 14:08 | 2485095 Roandavid
Roandavid's picture

My ribs ache from laughter.  There is no opportunity cost/lost income associated with holding Gold as rates approach Zero, When they go negative my stack explodes in value.  You can have my little stack of beauties when rates are on the way up ..... maybe ..... and not one second before.  You need to grab this months yield off a T-bill and see if you can rent a clue.

Fri, 06/01/2012 - 15:19 | 2485477 Peter Pan
Peter Pan's picture

I agree that yields can go a LOT lower. If people are stupid enough to buy bonds why shouldn't they be dumb enough to accept a lower yield.

Fri, 06/01/2012 - 09:47 | 2483723 GetZeeGold
GetZeeGold's picture



Yeah....but only just a little bit.


Fri, 06/01/2012 - 09:47 | 2483726 CPL
CPL's picture



but...but...I was promise punch, pie and a spider man towel.

Fri, 06/01/2012 - 09:53 | 2483768 antaresteleko
antaresteleko's picture

... and Gold, Silver and EURUSD have all three jumped similarly and synchronously...

Fri, 06/01/2012 - 10:07 | 2483861 dbomb12
dbomb12's picture

Not anymore, FINALLY

Fri, 06/01/2012 - 10:08 | 2483876 somecallmetimmah
somecallmetimmah's picture

God ain't liked to nuttin', Captain Snappypants.

Fri, 06/01/2012 - 12:48 | 2484624 Rasna
Rasna's picture

Gold and the US Stock Market are linked to the expectation of QEIII, but for different reasons.  Gold anticipates a huge surge in inflation in the future... The stock market is the crack whore expecting additional injections of liquidity pushing prices higher.

QE on the other hand is more of a political animal since it will be tied to the elections... Right now, Uncle Ben does not have the political cover for more QE, therefore, the markets recent decline.  With the election approaching, this market is going to have to decline significantly over the next 4 - 6 weeks to provide the cover... What is that level?  My guess is S&P 1050, at a minimum...  If they wait longer, then QE "starts to smell of politics",  If a monumental level of QE is announced, we can expect a monumental ramp in the market along with a monumental ramp in gold.

QE's half-life keeps decreasing though... QE 1 (from announcement to conclusion) was around 14 months... QE 2 around 8 months... The Currency Swap Between 6 Central Banks to prop up the Euro around 4 months...

When QE 3 is announced (End of July  - early August?), my prediction is that sometime after the election the market will begin to decline and, despite all of the effort of the Plunge Protection Team, will lead to a decline in 2013 that will make the Fall and Winter of 2008 look like a Sunday School Picnic...  The only remaining question is will that bottom represent the buying opportunity of a lifetime... I don't know.

Sat, 06/02/2012 - 06:00 | 2486988 StychoKiller
StychoKiller's picture

Darn it!  I let those jokers at Lear Capital talk me into getting 3 $10 Gold Libertys (MS-62 NGC) at a discount on Thursday!  A little help here, I dislocated my shoulder from patting myself on the back... :>D

Fri, 06/01/2012 - 09:40 | 2483679 somecallmetimmah
somecallmetimmah's picture

Yeah, fire sale over.

Resume building cash reserves for next 'dip'.

Fri, 06/01/2012 - 11:30 | 2484332 HungrySeagull
HungrySeagull's picture

I have reserves now... something I did not have last year.

If it drops to 18.00 or blows past 40 I dont care anymore as long the delivery is made.

Fri, 06/01/2012 - 09:40 | 2483683 midtowng
midtowng's picture

My investments have taken some beating this year, but I decided that there just wasn't any better investments out there.

I could buy Treasuries while they are priced to perfection. I could follow the crowd and buy Google, Apple, and Facebook, but I don't believe in stupid.

Or I could sit on my gold and miners and wait for the government to print more money.

Fri, 06/01/2012 - 10:07 | 2483866 dbomb12
dbomb12's picture

I would go with the latter

Fri, 06/01/2012 - 12:52 | 2484654 Rasna
Rasna's picture


We don't have an intesting environment anymore... We have been forced to become traders or to take our cash and go to the sidelines... No matter how you slice it, we are now in hand to hand combat!

Fri, 06/01/2012 - 09:47 | 2483725 MassDecep
MassDecep's picture

Time to short !!

You know they will.....

Fri, 06/01/2012 - 09:50 | 2483735 CPL
CPL's picture

Here's what going to flip your lid.


If it crashes...who will you sell any of your stocks to in order to get the equity out of the system?


Good luck with that plan.  Spend your money on water storage, food, clothing, tools (hand tools, not power tools) and books.  Silver, gold, Gas in jerry cans if you can safely store it with the "money" leftover.

Fri, 06/01/2012 - 10:05 | 2483838 homersimpson
homersimpson's picture

It now pays to go long the NUGT. A big FU to your gold price suppression schemes, Wall Street.

Fri, 06/01/2012 - 09:35 | 2483650 Burr's 2nd Shot
Burr&#039;s 2nd Shot's picture

Just checked on mine, it didn't explode at all.  Silver seems to be OK too.

Fri, 06/01/2012 - 09:40 | 2483681 3MonthsZHober
3MonthsZHober's picture

That's the problem. Any move in AU not equally correlated by silver signals a reversal for the AU.

Fri, 06/01/2012 - 10:05 | 2483844 Burr's 2nd Shot
Burr&#039;s 2nd Shot's picture

You mean, it will reverse to Platinum or all the way to Iridium?

Sat, 06/02/2012 - 13:25 | 2487367 MeelionDollerBogus
MeelionDollerBogus's picture

You'll be waiting a long time for that day

2011 dec 27 gold 07 | 10 years gold vs silver scatterplot

The correlations will change long-term in ratio but won't invert long-term. Short-term daily inverses dictate nothing over-all but a shift to a new long-term scatter-plot trend.


Fri, 06/01/2012 - 09:41 | 2483685 derek_vineyard
derek_vineyard's picture

hows the value of black market weaponry and ammo holding up?

Fri, 06/01/2012 - 09:48 | 2483728 tmosley
tmosley's picture

Some of mine exploded, but only because I put in in the microwave for an hour trying to warm it up so I can eat it.

Sat, 06/02/2012 - 06:02 | 2486989 StychoKiller
StychoKiller's picture

What, run out of iPads didja? :>D

Fri, 06/01/2012 - 09:52 | 2483756 Sudden Debt
Sudden Debt's picture

silver and gold have 2 options.

or they crash like there's no tomorrow...

or they'll go to the moon...

all in the comming weeks.

And today offers us a clue.


Fri, 06/01/2012 - 09:59 | 2483808 tmosley
tmosley's picture

Or they do both.

Paper crashes, physical smashes.

Fri, 06/01/2012 - 09:35 | 2483653 Schiff hits the fan
Schiff hits the fan's picture

Some say the end is near.
Some say we'll just see more bailouts soon.
Spain certainly hopes we will.
Europe sure could use a vacation from all this
Bullshit, political circus sideshow of

Here in this hopeless fucking country we call USA
The only way to fix our budget is to tell China we won't pay.
Monetize more debt, Every fucking day.
Convert to Gold now before your savings gets wiped away

Fret for your Facebook and
Fret for your Zynga and
Fret for your Linkedin and
Fret for your Netflix and
Fret for your Yelp and
Fret for your Twitter and
Fret for your Pandora and
Fret for your Groupon.

It's a Pooooonzi...
There's.... No.... Profits

Sell these worthless companies to the public right away
We've got to dump our shares before their value goes away
Could be any fucking time. Any fucking day.
Convert to Gold now before you lose your fucking face.

Some say the Euro will completely collapse
Followed by bank runs, riots, and pepper spray.
Followed by markets that cannot sit still.
Followed by millions of dumbfounded eurotrash

Some say the end is near.
Some say we'll see Armageddon soon.
I certainly hope we will cause
I sure could use a vacation from

Europe's stupid shit. Obama's stupid shit. Bernanke's stupid shit.

One great big unending political distraction,
I've a suggestion to keep you all occupied.

Convert to Gold.

Market's gonna crash soon.
Market's comin' round to put it back down where it ought to be

Convert to Gold

Fuck Warren Buffet and
Fuck all his clones.
Fuck all these inside trading
Piece of shit democrats

Convert to Gold.

Fuck your book value and
Fuck all your hedges.
Fuck your derivatives and
Fuck your short memory.

Convert to Gold.

Fuck all these CEO's,
With hidden agendas.
Fuck these continuous,
European Referendas.

Convert to Gold

Greece is breaking into mayhem
Japan's recovering from tsunami waves
I wanna see the DOW give way.
I wanna watch it all go down.
Just please flush our debt away.
I wanna see the Nikkei go right in and down
I wanna watch it go right in
Watch you flush it all away

Time to refinance my house again
Don't just call me pessimist.
Try and read between the lines.

I can't imagine why you wouldn't
Welcome a market crash, my friend.

I wanna see it come down
Bring it down.
Suck it down.
Flush it down.

Fri, 06/01/2012 - 09:38 | 2483676 Seize Mars
Seize Mars's picture

This is actually pretty good poetry.

Fri, 06/01/2012 - 09:47 | 2483724 Larry Darrell
Larry Darrell's picture

Modified wording from a song by Tool.

Have a listen:



Fri, 06/01/2012 - 09:46 | 2483717 BankruptBanker
BankruptBanker's picture

Wondering just how much time you spent over this, and how jobless you must be to have done so.
That being said, it's pretty good bro.
Also, Tool is awesome!

Fri, 06/01/2012 - 10:27 | 2483976 Schiff hits the fan
Schiff hits the fan's picture

about 20 minutes i didnt change that many words.  Was sick of studying so i took a break. 

Fri, 06/01/2012 - 09:48 | 2483731 AmazingLarry
AmazingLarry's picture

*Stands and claps*

Learn to swim...

Fri, 06/01/2012 - 09:52 | 2483758 I Got Worms
I Got Worms's picture

Some say we'll see Armageddon soon...

Fri, 06/01/2012 - 10:03 | 2483835 Jayda1850
Jayda1850's picture

great revised cover to a great song


Fri, 06/01/2012 - 10:16 | 2483914 unrulian
unrulian's picture

Awesome...needed a tool fix

Fri, 06/01/2012 - 11:04 | 2484160 Overfed
Overfed's picture

Tool was awesome back in the day.

Sun, 06/03/2012 - 01:38 | 2488535 jabhagsb
jabhagsb's picture

Awesome!  See you down in Arizona bay!

Fri, 06/01/2012 - 09:36 | 2483655 Killtruck
Killtruck's picture

I've seen that before. Quick everyone, jump onboard the slaughter train.

Get physical and go boating.

Fri, 06/01/2012 - 09:38 | 2483666 Killtruck
Killtruck's picture

New acronym - GPGB.

Fri, 06/01/2012 - 09:36 | 2483660 VonManstein
VonManstein's picture

i been stacking for 4 months!!

no pain no gain bitchezz

Fri, 06/01/2012 - 09:37 | 2483663 Conman
Conman's picture

Take a shot! Already says "stocks off the lows"

Fri, 06/01/2012 - 09:36 | 2483664 blueRidgeBoy
blueRidgeBoy's picture

Headline writing like this is one reason why I read ZH

Fri, 06/01/2012 - 09:38 | 2483667 Cognitive Dissonance
Cognitive Dissonance's picture

Take another look at that chart. Very nice triple bottom in Gold......thou in fact it was two higher lows and now the break out to the upside.

Fri, 06/01/2012 - 09:51 | 2483749 CPL
CPL's picture

With little to no margin allowed on either PM now, there is no top.

Fri, 06/01/2012 - 20:30 | 2486473 MeelionDollerBogus
MeelionDollerBogus's picture

so basically as soon as margin is slammed on all commods under that control will smash to new lows?

How is that a good thing? Find etf's or cash for futures-options on CME and use a straddle/strangle? Try to time calls from the dip & puts from the peak?

Physical-in-hand and ignore the paper?

Fri, 06/01/2012 - 09:55 | 2483772 Lets Hang Parliament
Lets Hang Parliament's picture

A "double" triple if you include the September/December 2011 lows which makes 1530 a must hold

Fri, 06/01/2012 - 12:29 | 2484563 CPL
CPL's picture

If you hadn't noticed, nobody is following the rules anymore.  Without margin call acting as a price suppressant (and panic point) there is no ceiling anymore.


Got gold and silver for the transition to the new currency that's about to be introduced?

Fri, 06/01/2012 - 09:38 | 2483670 mayhem_korner
mayhem_korner's picture



Mia culpa, here.  I previously reported that I had an accident on my 12' dinghy.  In fact, it was a 72' yacht.  Much, much more was lost than originally reported.  Forgive me, please.

Fri, 06/01/2012 - 09:42 | 2483693 somecallmetimmah
somecallmetimmah's picture

I hear there's an opening at Treasury.  "Secretary" 'er sumpin'.  Interested?

Fri, 06/01/2012 - 10:20 | 2483943 Badabing
Badabing's picture

mayhem k,

i lost mine on my bug out boat.

Fri, 06/01/2012 - 09:41 | 2483686 caimen garou
caimen garou's picture

waiting response from WH, ah,erh,um,uh,oh..

Fri, 06/01/2012 - 09:43 | 2483689 Stuart
Stuart's picture

ALL central planners are wallowing like fat pigs, shrouded in uncertainty, jerking off, whatever,...there's no magical CB intervention coming.  Only thing that is coming is revolution.


Fri, 06/01/2012 - 09:40 | 2483690 BeetleBailey
BeetleBailey's picture

Looks like I picked a good week to stack silver.....LAST WEEK THAT IS

Fri, 06/01/2012 - 09:43 | 2483702 Instant Wealth
Instant Wealth's picture

... did that on wednesday. *giggle*

Fri, 06/01/2012 - 10:06 | 2483849 Henry Chinaski
Henry Chinaski's picture

Nice.  Taking delivery today on GAE's ordered on 5/16. :)

Fri, 06/01/2012 - 10:02 | 2483831 oddjob
oddjob's picture

Ok, everybody step aside, big 16 weeker military man BeetleGayly decided to stack.

Fri, 06/01/2012 - 10:30 | 2483998 Nobody For President
Nobody For President's picture

Ditto ;-)

Fri, 06/01/2012 - 10:46 | 2484059 xtop23
xtop23's picture

Ditto. I had told all of my friends when it hit the $27's I was going in fairly heavily. Most of the technicals showed a bottom at $26.

Didn't catch $26 but already I'm in the green. We'll see if this is another attempt at a paper smash down or if they start increasing their shorts again.

They did lower margins after all.

Fri, 06/01/2012 - 09:43 | 2483696 bigdumbnugly
bigdumbnugly's picture

spam unch?

i thought with that nfp number spam futures would have risen too.

makin me a spam lamb tonight.   mmmmm mm.

Fri, 06/01/2012 - 10:02 | 2483820 Agent P
Agent P's picture

I have a can of SPAM in my cupboard from 1989, and I guaratee you it's unchanged since the day I bought it...I think the packing jelly Hormal uses comes from the fountain of youth.

Fri, 06/01/2012 - 10:11 | 2483882 bigdumbnugly
bigdumbnugly's picture

i'm not sure i want to think too much into that one...

but i agree the flavor is likely as succulent today as it was in 1989

Fri, 06/01/2012 - 09:42 | 2483697 Al Huxley
Al Huxley's picture

Fuck, my 'long spam short gold' Roubini trade is killing me.

Fri, 06/01/2012 - 09:44 | 2483707 Infinite QE
Infinite QE's picture

RUBEini is doing God's work. Transferring wealth to the Rothschild cabal.

Fri, 06/01/2012 - 09:47 | 2483729 Peter Pan
Peter Pan's picture

Roubini is so full of himself that he ignores 5000 years of history that have always valued gold regardless of fiat and debasement.

I hope Warren is gagging.

Fri, 06/01/2012 - 09:43 | 2483698 bdc63
bdc63's picture

holy moly ... anybody watching CNBC right now? -- the white house spokesperson is on spinning the jobs number as good progress ... oh my

Fri, 06/01/2012 - 09:43 | 2483699 1835jackson
1835jackson's picture

OK so Ben Bernanke is Anthony Hopkins, Little Timmy is Alec Baldwin and the bear is the market....

Fri, 06/01/2012 - 09:44 | 2483705 Peter Pan
Peter Pan's picture

Where is that plunge protection team when you need it to smack gold?

What ???? The team members are out buying gold?

Fri, 06/01/2012 - 09:45 | 2483710 FranSix
FranSix's picture

Looks like gold prices are being manipulated higher.

Fri, 06/01/2012 - 10:11 | 2483887 Peter Pan
Peter Pan's picture

Did Roubini or Warren tell you that?

Fri, 06/01/2012 - 10:14 | 2483901 youngman
youngman's picture

no it looks like the computers were turned off....

Fri, 06/01/2012 - 10:28 | 2483986 FranSix
FranSix's picture

I really think it has more to do with the UK central bank defending the £1000/oz. price level, persumably in the name of the currency or raising money to buy gilts.

Once the sell-offs stopped, the price jumped.  The cost of hedging a gold price rout must be burdensome, if not impossible for any broker to take on.

btw, its a sarcasm to say prices are being manipulated higher against the claims that prices are being manipulated lower.  The argument that prices are being manipulated is becoming futile if they continue to rise.

Fri, 06/01/2012 - 14:11 | 2485108 MeelionDollerBogus
MeelionDollerBogus's picture

EVERY gold price is manipulated, up, down, flat, whatever.

So ?

Fri, 06/01/2012 - 09:46 | 2483714 Roland99
Roland99's picture

S&P taking out support.

Fri, 06/01/2012 - 09:51 | 2483744 bdc63
bdc63's picture

200 DMA ... going... going...

Fri, 06/01/2012 - 14:10 | 2485104 MeelionDollerBogus
MeelionDollerBogus's picture

s&p support is down around 1150 or 1100.

2011-7-06 spy price curvatures 01 | goldpricemodel

2011-7-06 spy price curvatures 02 | Flickr - goldpricemodel

2011-7-06 spy price curvatures 04 | Flickr - goldpricemodel

for the precise numbers make your own graph, I'm busy. 1.05 to the power price = linearized, log(output) base 1.05 returns to normal price scaling

Fri, 06/01/2012 - 09:45 | 2483715 gatorengineer
gatorengineer's picture

never saw 1600 on my screen..... 1580.....

Fri, 06/01/2012 - 09:49 | 2483734 Dr. Engali
Dr. Engali's picture

Gold high 1606 currently at 1598.70

Fri, 06/01/2012 - 09:56 | 2483787 junkyardjack
junkyardjack's picture

Then you were lucky, they manipulate gold up like this to pull in some new suckers. Then it crashes back following its downward trend of deflation

Fri, 06/01/2012 - 11:15 | 2484244 Bay of Pigs
Bay of Pigs's picture

are you the latest gold pinata here at ZH?

if not, what was your former handle?

Fri, 06/01/2012 - 09:46 | 2483716 scatterbrains
scatterbrains's picture

Right here might be a fantastic short in gold until the waves of margin calls settle out in the coming days,  or so I'm thinking...

Fri, 06/01/2012 - 09:49 | 2483732 dark pools of soros
dark pools of soros's picture

will be rough waters so build your pile but trade a second stash on the dips if you like - I did that on the last run up to 1900 and then down but I am getting tired of the game and it looks like playing time is coming to a close

Fri, 06/01/2012 - 10:07 | 2483864 scatterbrains
scatterbrains's picture

I'm just playing hedging games against my stash.  Is everyone all in yet? The cftc is offering a sale on margins right now. Hurry and get long before the sale ends!   btw if Benny manages to close /es down 10 points or so would that be enough to trigger the multi trillion print fest now ?

sarc/   :P

Fri, 06/01/2012 - 14:06 | 2485089 MeelionDollerBogus
MeelionDollerBogus's picture

if by "fantastic" you mean "short from 1680 to 1630 holding no more than 1 day with tight stops" then sure. Now is not the time.

Fri, 06/01/2012 - 09:46 | 2483718 Dr. Engali
Dr. Engali's picture

Just think of how much more spam I can buy with my gold now. My mouth is watering already.

Fri, 06/01/2012 - 09:47 | 2483720 midgetrannyporn
midgetrannyporn's picture

It is by will alone the bernank sucks dimon's cock. It is by the juice of blankfein that bonuses acquire speed, the lips acquire stains, stains become a warning. It is by will alone the bernank sets his gums in motion.

Fri, 06/01/2012 - 10:00 | 2483815 CynicLaureate
CynicLaureate's picture

The Spam must flow...

Fri, 06/01/2012 - 09:46 | 2483722 dark pools of soros
dark pools of soros's picture

start buying again -  might have one more dip in the fall... or not

Fri, 06/01/2012 - 11:51 | 2484385 slewie the pi-rat
slewie the pi-rat's picture

[this is where millin$cunt's trollery would be seen if he stopped jumping every string, btw.  can't have that!  the zMuppets might not notice]

tyler's back with the "carbon copy and QE" again

and he also sez everything changed with the 8/2011 US downgrade? always nice to see a publisher trying to talk outa both sides of his mouth at once, doncha think?

we'll keep that in mind as we see how much risk0ff we end up with as TPTB pretend they have lost control, here, this morning, and almost everybody goes for the bankster pratfall routine.  again

is tyler saying that the dow is flat for the year, the dollar it is priced in is waaay up. the long bond has today traversed 152. WTI headed south past $83,  and therefore 2012 = 2011?


Fri, 06/01/2012 - 11:56 | 2484437 walküre
walküre's picture

2012=2008 is more like it

Fri, 06/01/2012 - 13:56 | 2485024 slewie the pi-rat
slewie the pi-rat's picture

why can't it just be 2012?

450AD? 1066? 1788?  i've never seen anything quite like this b4 myself, and i'm retired

this is pretty unique, imo;  sometimes i wonder if people don't miss thePresent a bit by always looking for a familiar place to tether it

and then they pretend to understand everything about yearx too...

for example, earlier this week i tried to address the topic of gold and the miniers' stocks a few times and about the apparent  reversal of the buy gold/sell the miners'ETFs of last year

then this appeared and i put IT up b/c he was seeing it, too:

Gold And Growth With Safety
By: Stewart Thomson

today, as we thought, the miners are up more than the PMs, %-wise, even with bullion up 4% almost

  • XAU  163+ UP 9.33
  • HUI   445+  UP 28.72
  • GOX  194-   UP  10.58
  • TSX gold  328-  UP 22.18

anybody remember the incredible disninfo bloggers here hammering like monkeys on: "miners will go south with other stocks"???

L0fukingL, BiCheZ!

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