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Gold Explodes, Spam Unchanged
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)?
Chart:Bloomberg
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Been waiting for that for some time, yee ha.
Oh yes my bitchez.
But, But.........Gold is supposed to be linked to the Euro.
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!
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"
LMFAO!!!
LOL, anyone playing the Pt/Au "convergence pair trade" since March or so must be in truly severe pain right now
<cough>Trav<cough>
NE1 4 Hocky?
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 :(
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.
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!
well ... I gave all the warning I could ... 2012 apr 25 gold 277 week ROC | goldpricemodel
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
With the AU/AG ratio around 57 I tend to disagree. Maybe I'm wrong but time will tell...
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.
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.
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.
Chinaman make move at gold like cockblocker in TexMex bar. US citizenisms for the win!
Does AnAnonymouses mean you are legion or does it mean that you're a race of hyper intelligent mice?
Thanks, I needed a laugh this morning.
The bag was a nice touch.
LOL!
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? ;)
Dude, you really got to step up a notch. You can do better!
no. he can't
it's good. leave it be.
"dude, you can do better" is a cliche.
stop it.
S/He could do better by spending energy on something productive and helpful instead of begging for attention like a neglected elementary student.
Fed meets in June, perhaps last chance to QE3 before the elections - any later may be percieved as politically motivated!
Since it is always politically motivated, your accurate comment speaks volumes on how easily perceptions are manipulated. Thumbs up.
Appreciate the advice. Many thx.
My Grandpa's 'High Yield Savings Acct for Seniors" just moved another decimal point to the left.
0.001%
My Grandpa may have to downgrade from sardiees to dog food.
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.
Good one. Really good one.
Like in Greece where 55 is considered elderly!!!
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
MDB = *sarc*. Please learn.
I can't believe people still think he's serious.
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.
Riiiight. How's that FB workin' for ya?
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!!
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?
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.
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!
Good morning FuckHead.
Drinking the Kool-Aid again MDB ?
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.
Two things wasted on children: Youth and Sarcasm. Those thumbing down MDB need to find their sippy cups. It's sarcasm, people!!!!!
'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.
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..
Does Robo lurk still? I forgot about him.......
Back in the pits
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.
MDB, you were the reason I bought my first maple leaf.
Xxx
MDB! Damn, we've missed you.
How's the FB trade doing for you?
he isn't sayen LOL
Some have trouble reading between the pixles.
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.
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...
If you're being facetious, that's hilarious!
B U L L S H I T! ! ! !
I saw it this morning, am taking action.
REMEMBER, stack physical... NOT papers or etf etc
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.
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.
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.
Yeah....but only just a little bit.
LOL...
but...but...I was promise punch, pie and a spider man towel.
... and Gold, Silver and EURUSD have all three jumped similarly and synchronously...
Not anymore, FINALLY
God ain't liked to nuttin', Captain Snappypants.
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.
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
Yeah, fire sale over.
Resume building cash reserves for next 'dip'.
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.
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.
I would go with the latter
Ditto!
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!
Time to short !!
You know they will.....
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.
It now pays to go long the NUGT. A big FU to your gold price suppression schemes, Wall Street.
Just checked on mine, it didn't explode at all. Silver seems to be OK too.
That's the problem. Any move in AU not equally correlated by silver signals a reversal for the AU.
You mean, it will reverse to Platinum or all the way to Iridium?
You'll be waiting a long time for that day
http://scharts.co/KEdFpW
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.
hows the value of black market weaponry and ammo holding up?
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.
What, run out of iPads didja? :>D
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.
Or they do both.
Paper crashes, physical smashes.
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
Liars.
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.
This is actually pretty good poetry.
Modified wording from a song by Tool.
Have a listen:
http://www.youtube.com/watch?v=h_Xsd_aCVNs
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!
about 20 minutes i didnt change that many words. Was sick of studying so i took a break.
*Stands and claps*
Learn to swim...
Some say we'll see Armageddon soon...
great revised cover to a great song
Awesome...needed a tool fix
Tool was awesome back in the day.
Awesome! See you down in Arizona bay!
I've seen that before. Quick everyone, jump onboard the slaughter train.
Get physical and go boating.
New acronym - GPGB.
Exploding Spam is amazingly inert
i been stacking for 4 months!!
no pain no gain bitchezz
Take a shot! Already says "stocks off the lows"
Headline writing like this is one reason why I read ZH
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.
With little to no margin allowed on either PM now, there is no top.
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?
A "double" triple if you include the September/December 2011 lows which makes 1530 a must hold
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?
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.
I hear there's an opening at Treasury. "Secretary" 'er sumpin'. Interested?
mayhem k,
i lost mine on my bug out boat.
http://youtu.be/4r21rlIIdu0
waiting response from WH, ah,erh,um,uh,oh..
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.
Looks like I picked a good week to stack silver.....LAST WEEK THAT IS
... did that on wednesday. *giggle*
Nice. Taking delivery today on GAE's ordered on 5/16. :)
Ok, everybody step aside, big 16 weeker military man BeetleGayly decided to stack.
Ditto ;-)
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.
spam unch?
i thought with that nfp number spam futures would have risen too.
makin me a spam lamb tonight. mmmmm mm.
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.
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
Fuck, my 'long spam short gold' Roubini trade is killing me.
RUBEini is doing God's work. Transferring wealth to the Rothschild cabal.
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.
holy moly ... anybody watching CNBC right now? -- the white house spokesperson is on spinning the jobs number as good progress ... oh my
OK so Ben Bernanke is Anthony Hopkins, Little Timmy is Alec Baldwin and the bear is the market....
http://www.youtube.com/watch?v=wOx6zvWsLV0&fb_source=message
Where is that plunge protection team when you need it to smack gold?
What ???? The team members are out buying gold?
Looks like gold prices are being manipulated higher.
Did Roubini or Warren tell you that?
no it looks like the computers were turned off....
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.
EVERY gold price is manipulated, up, down, flat, whatever.
So ?
S&P taking out support.
200 DMA ... going... going...
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
never saw 1600 on my screen..... 1580.....
Gold high 1606 currently at 1598.70
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
are you the latest gold pinata here at ZH?
if not, what was your former handle?
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...
http://fiatflaws.blogspot.com/2012/06/gold-clearing-stops-out-before-tur...
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
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
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.
Just think of how much more spam I can buy with my gold now. My mouth is watering already.
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.
The Spam must flow...
start buying again - might have one more dip in the fall... or not
[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?
bullshit!
2012=2008 is more like it
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
anybody remember the incredible disninfo bloggers here hammering like monkeys on: "miners will go south with other stocks"???
L0fukingL, BiCheZ!
2006
2011 dec 27 gold 01 | goldpricemodel | 277 week ROC visual confirmation
http://scharts.co/KEir6R