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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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Kin we haz free moneeeez NOW?
I kid you not, I bought some Krugers earlier this week and thought only monkeys pick bottoms.
If anyone needs me, I'm in the back sewing gold into my clothing.
Ben kin we haz more Op Titty Twister now?
Wots the ticker symbol for Spam ?
HRL
My PSLV, PHYS, CEF, and FSAGX is making my ass hurt. This is a little relief. HUI is also up today..
Airlines soaring!
Obvious Trade. Airlines are the inverse of oil.
http://www.youtube.com/watch?v=O17Hvb5mEXQ
More Gold Posts. I want to see this whole page with just gold posts. Need to get my money back. Tyler is Back.
http://www.youtube.com/watch?v=PRA_9_djcPo
http://www.youtube.com/watch?v=_qO66Rmi1Mw
Gold is money, all else is bankster bullshit
-JP Morgan
Get your Gold, Mugus
http://flic.kr/p/c8Qrwd
Jim buybuybuy Cramer just said: "remember, gold is a currency"
Well Bernank? Your turn...
Could the manipulators' hold be slipping? I picture Bernanke, Geithner and Draghi in the middle of a field with a long rope tied to a a big golden balloon. They are trying to load it down with these green pieces of paper that they are printing, but it is not working. Slowly the rope is sliding out of their hands. Until, Geithner gets rope burns, cries in pain and lets go. Bernanke and Draghi, still holding the rope, float upwards with the great golden ballon, unsure of whether they should let go and suffer a short fall or keep holding on in the desperate hope that the balloon will come gently back to Earth. Will Bernanke or Draghi let go to save themselves and increse the pain of the other? Will they both hold on and both suffer the same fate? Who knows... Stay tuned.
That's right balanceorbust and the name of this gold movie you describe......
"UP"
The gold chart resembles the boner in my pants, which also just exploded.
What a disconnect between the white house and the rest of the world...economy isn't growing fast enough......
Wtf
The economy isn't growing at all..
Until you accept that how can you fix the problem?
Buy 10 cans of spam for each ounce of gold you keep. Or practice wild hunting.
Gold jumps and the USD falls.
The biggest weighting in the USD is the Euro. So the Euro is rising too - let's see how long this lasts.
for all those that were short bullion, you wear the pain well!!!! You certainly earned it.
Another $50 + when $gold:$crb passes 6.0. Its at 5.99 now
Queen Elizabeth has just declared a Jubilee. Does that mean my mortgage has been cancelled?
(She has such a nice kind face on my shiny gold coins.)
Actually, nope, its just another pump and dump.... or if you rather call it dump and pump.... its not as if it makes a difference. The paper gold market, just like the rest of the global paper market.... is just a virtual reality simulation. Yawn.
Gimme trustworthy stats about physical delivery, and i'll get interested. Or, gimme some stats about real inflation (rather than worthless CPI), and i may be impressed. You know, i never have seen wages measured in PMs here... why? I've never seen non-gubbermint national spending seen measured in PMs, why? Is it that it would look "too bad"?
Paper price movements == zzzzZZZZZZZZZZ
What good is it to measure prices in PMs if PM prices are the worthless-paper prices?
Good question. The answer is that even though since 2011, Gold spot prices are a joke.... and not just gold spot, but most commodities..... this wasn't to such an extend the case before 2011....
So basically, take gold, or any set of commodities (heck, if you dont like gold, use corn, soy and oil - after all, the whole economy runs on corn, soy and oil mostly).... look at their value in dollars in the last 20 years..... then use this as a unit to measure development of wages, non-gov national spending, etc....
Here's why it isn't done: It shows that for the majority of the population, there in the recent decades has only ever been depression. And since purchasing power directly affects profits of DOMESTIC market companies, you can bet that the same is true for domestic markets. For main street, there not only hasn't been any "growth" in recent decades, there only has been contraction.
THIS is the trend and sentiment which everyone but the elite has been feeling for decades, yet which you nowhere - not even on ZH - see quantified.
The chart indirectly shows why the market is over valued.....margin squeeze.
Spam being a very good example.....you have hog prices going up and the consumer market for spam unwilling, perhaps not even able, to pay a higher price for it. Have the analysts taken any of this into account for a host of companies when reading the tea leaves?
Note to Robo:
Robo, what you see going on today, markets getting blowtorched, gold way up, is exactly what I have been telling you for years will happen.
And you ain't seen nothing yet
Wait until the paper gold market breaks, thats when the hooting and hollering begins...
No. Only a momentary collective noise from those who realize that they are in a gas chamber and now have nothing.
Those 50lb. bags of rice and beans are looking like attractive investments. Right now, you can pick 'em up for about the cost of an ounce of Ag. Look for that ratio to change in the near future.
I just opened my crusty eyes and found my mug.
I cant say im suprised at the these antics though.
http://youtu.be/IodGZAx7FRs
I confess that I may be responsible for the spike. Yesterday, with my spider senses tingling a ST bottom, I placed orders to convert some serious (for me) FeRNs into physical silver bullion, for both gunsafe and offshore in Swiss vault. Returning from wiring the FeRNs at the bank this morning, I saw that silver price had just shot up 100 CentiFeRNs! Now, I suppose TPTB's minion enforcers will blame my tiny order for spooking JPM and sparking the spike.
I better leave my wallet and pistol with my partner today, in case Dept. Fatherland Tyranny comes a-callin' again. The last time, they "didn't like the tone" of my letter to the CFTC. I told them I don't like the tone of DFT leaving a 2,000 mile border open for decades, allowing 20 million anonymous wetbacks to flood into the states, while they cavity-search my wife and nude-irradiate my daughter every time they fly. Even the suited goon with earpiece admitted, "Well, er, yes, uh, we do have a few problems..." No $#!+...and how about the multi-trillion $ bond fraud by our own home-grown financial terrorists...I don't see any Corzines doing the perp-walk, @SS#01e! "I don't know anything about that..." Yer bosses don't want you to know, ya dumb *ck, get edjumucated! And how about those armored humvees and 450 million rounds of .40 cal jacketed hollowpoints?!
Anyway, it's been nice knowing you guys. As an early arrival, at least I should get my choice of bunks at the local FEMA camp.
Waddell AND Reid or Smith & Wesson?
Empathetically, your comment made me laugh having had similar thoughts. Nice timing. These metal/paper charts conjure an image in my mind of FRN maniacs with hammers playing a frantic game of Wack-a-Mole.
Kudos to you for saying what everyone should say these days when being treat like a fucking utility.
I was hoping it would fall further along with jr mining shares so I could get them even cheaper... All those gold negative articles and their authors shamed once again lol
Gold exploded from that Raoul Pal article you posted earlier today.... That's the only reason
The jokes on you guys. I will buy some scuba gear and then I'll find what dropped out of your boat. It was packed in a chest right?
mine's only somewhat away from 11"21' North latitude and 142" 12' East longitude
oopsies... butter-fingers
Lights! Camera! Cock back the hammer...EXPLOSION!
Redman, 1992
I was hoping we'd see 1300s. Oh well. On a long enough something or the other it won't make much of a difference.
Bull Trap!!!