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Gold Explodes, Futures Touch $1801

Tyler Durden's picture




 

The traditional inedible religion of barbarians had been oddly patient for most of the day. No longer: next up $2000.

Update: +$13, 5 minutes alter.


 

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Wed, 08/10/2011 - 11:43 | 1546633 Mongo
Mongo's picture

What a great tradition

Wed, 08/10/2011 - 11:46 | 1546670 BaBaBouy
BaBaBouy's picture

Yes Tyler ...

 

GoldToTheMoon ...

Wed, 08/10/2011 - 11:47 | 1546680 spiral_eyes
spiral_eyes's picture

The military industrial complex and the looters in England:

http://azizonomics.com/2011/08/10/orphans-of-the-state/ 

Wed, 08/10/2011 - 11:59 | 1546779 Libertarians fo...
Libertarians for Prosperity's picture

This summer's gold rally was one of the strongest ever.  For the life of me, I can't understand why Turd F told everyone NOT to buy the rally in June and July.  THAT WAS A HUGE MISS!

*LOL*

Wed, 08/10/2011 - 12:01 | 1546796 Ahmeexnal
Ahmeexnal's picture

Relic.

Rhymes with....PANIC.

Wed, 08/10/2011 - 12:05 | 1546824 redpill
redpill's picture

Silver hitching a bit of a ride this morning. Every barbarous relic needs a sidekick.

Wed, 08/10/2011 - 12:26 | 1546943 TruthInSunshine
TruthInSunshine's picture

Thomas (below):

It feels different because it is different.

Governments and central banks have lost credibility, and their inability to maintain whatever was left of confidence through their great cons of the past is the reason it's going to crash very hard at every level.

Here is just one example that I came across in the last 10 minutes, which backs me up here, but I could've just as easily chosen from 100s of articles to support my position that governments and central bankers are grasping for straws, and that process makes them look even less credible (if that's possible):

 

  • Gov't Considers Turning Foreclosures Into Rentals
  • Wed, 08/10/2011 - 12:33 | 1546980 FEDbuster
    FEDbuster's picture

    You can't eat it, but the trade tastes pretty good.

    Wed, 08/10/2011 - 15:02 | 1547614 Haywood Jablowme
    Haywood Jablowme's picture

     

    GOLD BEEEEYYYYYOOOOOOTTTTCCCCCHHHHHHH!

    Wed, 08/10/2011 - 12:34 | 1546991 Ahmeexnal
    Ahmeexnal's picture

    UBS ain't denying that gold IS money:

    ubs…gold?contentId=191382&name=UBS_A6-5_Brosch_Edelm_Num_e.pdf

     

     

    Gold, silver, platinum and palladium have fascinated people and captivated their imaginations since time immemorial. Whether as bars or coins, they all have one thing in common: they are a tangible asset against which all other material assets are measured. Their beauty, enduring value and rarity have assured them a place in our culture, and their magical appeal has had a profound impact on our civilization. 

    Just like securities and currencies, precious metals are bought and sold every day at fixed market prices. But in times of economic uncertainty, when share prices plummet and currencies lose their value, precious metals come into their own as a more resilient investment. Even today, the currencies of many countries are backed by precious metals. It stands to reason therefore, that coins and bars made of gold, silver, platinum and palladium are an ideal investment for your private wealth. 

     

     

    Wed, 08/10/2011 - 12:38 | 1547002 RockyRacoon
    RockyRacoon's picture

    ...precious metals come into their own as a more resilient investment.

    Gigantic fail -- gold is NOT an investment.   It pays no returns and has no counter party risk.

    Missed the mark didn't they?  Viewing the PMs as an investment is bound to cost the person more than mere money, it will mess with the future stability of any rational person.

    Wed, 08/10/2011 - 12:34 | 1546992 RockyRacoon
    RockyRacoon's picture

    In other words, let's see how we can help bankers even MORE!

    Wed, 08/10/2011 - 12:06 | 1546825 Thomas
    Thomas's picture

    Not in my world, but the point is made. BTW-This feels different than 2008/09. In particular, this divergence of metals with other assets is decidedly different.

    Wed, 08/10/2011 - 12:09 | 1546855 redpill
    redpill's picture

    Correct.  PMs are now playing the role the USD did in 2008.  USD is no longer the reserve currency.  Gold has retaken the title.

    5000 years of human history > 40 years of pure fiat madness

    Wed, 08/10/2011 - 13:55 | 1547361 Joeman34
    Joeman34's picture

    Then why is the 10-Year UST down to 2.15%?

    Wed, 08/10/2011 - 16:00 | 1547879 I did it by Occident
    I did it by Occident's picture

    Actually for the hoi polloi, the currency most used was silver and copper.  Gold was for large transactions and aristocracy.  But point taken in any case. 

    Wed, 08/10/2011 - 12:10 | 1546864 Caviar Emptor
    Caviar Emptor's picture

    You got it. It's not even subtle anymore. Gold is acting like the world's money....what a surprise!

    You ain't seen nothing yet

    Wed, 08/10/2011 - 12:12 | 1546877 mayhem_korner
    mayhem_korner's picture

    If it walks like a duck, quacks like a duck...

    Wed, 08/10/2011 - 12:18 | 1546911 Temporalist
    Temporalist's picture

    Relic sounds more like Relish.

    Panic rhymes with Manic.

    Wed, 08/10/2011 - 13:14 | 1547177 Thomas
    Thomas's picture

    and "bananic"

    Wed, 08/10/2011 - 15:49 | 1547809 Hephasteus
    Hephasteus's picture

    Bananic Republa. Free story about some "other cultures" history and culture with every purchase of a 78 cent chinese child labor produced socks.

    Wed, 08/10/2011 - 16:02 | 1547887 I did it by Occident
    I did it by Occident's picture

    mmm, hot dogs. 

    Time for a BBQ.  Anybody got spare fiat to start the fire?

    Wed, 08/10/2011 - 12:35 | 1546994 tmosley
    tmosley's picture

    Because you don't buy rallies, retard.

    Unless you are a psychic.  Are you a psychic?  Can you foresee all that is to come?  Can you read the minds of central bankers, and ratings agency executives?  If not, perhaps you ought to stop being such a butthurt little bitch and go about your life ELSEWHERE.  You can do no better than Turd.  Indeed, your constant screeching about how silver is a bad investment sort of proves the opposite.  People who follow Turd have made a LOT of fiatscos.  

    Wed, 08/10/2011 - 13:20 | 1547205 Libertarians fo...
    Libertarians for Prosperity's picture

    You don't buy rallies?  So we should wait until this $250+ (so far) rally is finished before buying?

    *LOL*

    You're so full of bullshit.....  while silver was rallying/exploding to $30, then to $40, and then to $50, you were telling people to "buy with both hands" because the Comex was going to implode, or an industrial panic was imminent, or silver was going to temporarily surpass the price of gold... blah, blah, blah...  You were carelessly telling everyone to "buy the rally," so basically you've just called yourself a retard.  

    Now, just because silver increased in value, doesn't mean you were right.  Silver went up in value, and SO DID EVERYTHING ELSE during QE2.  Cotton went from $80 to $220. Coffee went from $160 to $300.  Palladium went from $450 to $850.  AAPL went from ~$230 to ~$400.  You can pick the most ridiculous stock imaginable, and it went straight up.  Silver went up, but NOT FOR ALL THE NONSENSE YOU WERE POSTING!     

    IDIOT! <napoleon dynamite voice>

    *LOL*

    You're so dumb it's barely even fun to mock you anymore.  

    If Turd is giving financial advice to mouth-breathing doomer goons, he needs to be held accountable for telling his readers NOT to buy the summer gold rally.  No doubt about it, that was a massive miss.  But, of course, no one wants to call him out on it because it makes the "Turdites" - like yourself - look like idiots. 

     

    Wed, 08/10/2011 - 13:33 | 1547268 tip e. canoe
    tip e. canoe's picture

    anyone who makes any decision solely based on the advice and/or analysis of one other person (especially an anonymous one on the interwebs) deserves to get what they deserve.

    time to grow up dude.

    Wed, 08/10/2011 - 13:39 | 1547287 CrockettAlmanac.com
    CrockettAlmanac.com's picture

    If Turd is giving financial advice to mouth-breathing doomer goons, he needs to be held accountable for telling his readers NOT to buy the summer gold rally. No doubt about it, that was a massive miss. But, of course, no one wants to call him out on it because it makes the "Turdites" - like yourself - look like idiots.

     

    It's a good thing that everything you've ever posted on Internet forums has turned out to be 100% correct. Otherwise you'd look like a hypocrite.

    Wed, 08/10/2011 - 13:45 | 1547315 Chump
    Chump's picture

    Dude is obviously just a trolling dickhole.  Someone who posts asinine shit about someone as generally decent as Turd and then ends with the ever witty *LOL* are not even worth an eye roll.  Clearly he needs something to distract him from the dingy walls in momma's basement, so why give it to him?

    Wed, 08/10/2011 - 14:11 | 1547405 Bay of Pigs
    Bay of Pigs's picture

    I believe he is the old RedNeckRetard or Billy the Bastard/GoldenMiddleFinger.

    Just another PM douchebag. Calling gold investers "doomers" says everything you need to know about this clown. 

    Wed, 08/10/2011 - 15:03 | 1547617 fuu
    fuu's picture

    The language structure is similar to Johny Bravo and his clones.

    Just my opinion though based on who he chooses to attack and the way he does it.

    Wed, 08/10/2011 - 12:50 | 1547062 geminiRX
    geminiRX's picture

    People typically lose their ass trading the summer doldrums....so it's was not a miss just a cautionary disclaimer

    Wed, 08/10/2011 - 12:50 | 1547064 Smiddywesson
    Smiddywesson's picture

    Turd F is an expert in gold.  Experts are particularly vulnerable to confirmation bias because they have such a command of the facts that they can form a defendable opinion on anything.  Put that together with normal seasonality and the history of gold price action, which are all out the window under these conditions, and you get a bad call.

    Gold isn't responding to seasonality anymore.  All cycles are wiped out when a financial hurricane comes along.

    Gold also isn't responding the same to normal manipulation games anymore.  The manipulation going on has reached desperate levels and gold demand is stronger. 

    Gold isn't rising due to speculation, it is rising because central banks are buying as much as they can without running the price up on themselves.  It is rising because of fiat destruction.  At this point, all price targets and historical comparisons are pretty much useless. 

    You either believe ALL central banks are buying, at a time when they are desperate for liquidity, out of a sense of tradition or because they know that gold is going to be extremely valuable in the future.  That buying is picking up, and the  depth and duration of their attacks on prices are yielding diminishing returns.  Attempts to buy on the dips are rapidly losing profitability to those who engage in steady buying. 

    It's not Turd F's fault, the game is changing and he is still a great gold analyst.

    Wed, 08/10/2011 - 13:22 | 1547219 Libertarians fo...
    Libertarians for Prosperity's picture

    Oh, I see... Turd got gold wrong because he's too much of an expert.  

    *LOL*

    That's some powerful Kool-Aid he's serving over there. 

    Wed, 08/10/2011 - 13:45 | 1547319 Whalley World
    Whalley World's picture

    Turd made me some good coin on an EGO long call.  When EGO (eldorado gold) broke support at 16, I bought $19 October call, doubled my money, thanks Turd

    Wed, 08/10/2011 - 14:55 | 1547440 Bay of Pigs
    Bay of Pigs's picture

    What do you have to offer on PM's? Nothing. All you do is criticize others who are far more successful than you are.

    Weak. Stupid. Ignorant.

     

    Wed, 08/10/2011 - 16:54 | 1548335 Smiddywesson
    Smiddywesson's picture

    It's a common problem among experts.  I was dead serious.

    Their expertise misleads them when the game completely changes in new and previously unexperienced ways. 

    Wed, 08/10/2011 - 11:47 | 1546681 PaperBugsBurn
    PaperBugsBurn's picture

     

     

    Tyler, DO NOT DELETE THIS POST... YOUR READERS NEED TO KNOW WHATS REALLY GOING ON

     

    HSBC: The World’s Dirtiest Bank

    (Excerpted from Chapter 2: Big Oil & Their Bankers…)

    In late July, First Niagara Financial Group announced that it would buy 195 retail bank branches in New York and Connecticut from HSBC for around $1 billion. [1]  HSBC acquired the branches when it bought the spooky Marine Midland in 1980.  According to Global Finance, the UK-headquartered HSBC Holdings is the world’s 3rd largest bank with $2.36 trillion in assets. [2]  Formerly known as Hong Kong Shanghai Bank Corporation, HSBC has served as the world’s #1 drug money laundry since its inception as a repository for British Crown opium proceeds accrued during the Chinese Opium Wars.  During the Vietnam War HSBC laundered CIA heroin proceeds. 

    In Saigon the opium junta which Lucien Conein and Ed Lansdale had installed instructed the South Vietnamese military to dole out heroin to Chinese Triad syndicates who moved it to Hong Kong.  The CIA’s Thai Generals used the same Chui Chao Triads as mafia kingpin Santos Trafficante.  The Thais often sent morphine to Hong Kong, which was refined into heroin by the Hong Kong police. [3]

    Deak & Company was the major gold dealer in Hong Kong and its operations were crucial to the CIA guns for heroin trade.  Founded by OSS operative Nicholas Deak, it became the largest currency and gold trader in the US after WWII.  Deak financed CIA adventures in Vietnam, the Mossadegh coup in Iran and the CIA’s assassination of nationalist Prime Minister Patrice Lumumba in the Congo.  Deak used a Swiss subsidiary, Foreign Commerce Bank of Zurich, and its US Deak Perera branch to lure flight capital from wealthy Third World elites, mainly cocaine money from Argentina.  When Deak suddenly went bankrupt in 1985, its Hong Kong depositors were left in the lurch. [4]

    Long before the Vietnam War, the British elite had made a healthy living smuggling opium from the region.  Lord Shelbourne launched the Chinese opium trade in 1783 with Scottish merchants from the East India Company and members of the House of Windsor-allied Knights of St. John Jerusalem.

    Shelbourne’s chief propagandist was Adam Smith who worked for East India, which emerged from the slave-trading Levant Company and later became known as Chatham House, home to the powerful Royal Institute for International Affairs (RIIA).  East India worked with members of two secret societies – the Muslim Assassins and the Christian Knights Templar – in organizing the global drug trade.  In 1776 the high seas pirate Adam Smith wrote Wealth of Nations, which became the bible of international capitalism.

    In the Far East the British organized the Triad Society, also known as the Society of Heaven and Earth, to smuggle their opium.  Beginning in 1788 the Freemason Grand Lodge of England established lodges in China, one of which was the Triad Society.  Another was known as the Order of the Swastika.

    The Triads were so named due to the significance of the pyramid to the global elite.  The apex of a pyramid represents a king’s power to the ancient Freemasons, who promote monarchy as a form of government.  The base of a pyramid represents the masses of workers who are the king’s subjects.  Superimposed with an inverted pyramid representing godly powers, the two pyramids form the Star of David, an ancient symbol used by the Freemason predecessor Knights Templar and now associated with the occult, Zionism and the state of Israel. [5]

    In 1839 William Jardine- a Canton-based opium trafficker- steered Britain into the first Opium War after Chinese officials confiscated his stash. The second Opium War lasted from 1858-1860.  Lord Palmerston commanded both expeditions for the Brits.  He was also the High Priest of Scottish Rite Freemasonry in the British Empire. [6]

    Throughout the 19th century the British families of Matheson, Keswick, Swire, Dent, Inchcape, Baring and Rothschild controlled the Chinese heroin traffic.  The Inchcape’s and Baring’s Peninsular & Orient Steam Navigation Company (PONC) transported the dope around the world.  When a British subject named Mohandas Ghandi spoke out against the opium trade in 1921, he was jailed by India’s British rulers for “undermining the revenue”.

    To the US West Coast, the families brought Chinese coolies to build JP Morgan’s railroads, slave laborers who were kidnapped (shanghaied) by the Triads.  The Triads came along too, setting up opium dens in San Francisco and Vancouver and using a network of Chinatowns as a channel for heroin.  This network exists today.  To the US East Coast the families brought African slaves and cotton.  These same families built plantations and became kings of southern cotton on the backs of shanghaied Africans.

    The Sutherland family, first cousins to the Mathesons, was the most powerful of these cotton families.  The Barings owned the clipper ships, which brought cotton to the Old World, while shipping opium and slaves back to the New World.  The Rothschild and Lehman families both entered the US via the pre-Civil War cotton trade. [7]  The Lehman’s made their fortune smuggling cotton to the Union and guns to the Confederacy.  The southern cotton barons were the channel through which the British fomented the US Civil War.

    The American families Perkins, Astor and Forbes made millions off the opium trade.  The Perkins’ founded Bank of Boston, which is today known as Credit Suisse First Boston.  The Perkins and Morgan families endowed Harvard University.  William Hathaway Forbes was a director at Hong Kong Shanghai Bank shortly after it was founded in 1866.  John Murray Forbes was the US agent for the Barings banking family, which financed most of the early drug trade.  The Forbes family heirs later launched Forbes magazine. Steve Forbes ran for President in 1996.  John Jacob Astor invested his opium proceeds in Manhattan real estate and worked for British intelligence.  The Astor family home in London sits opposite Chatham House.

    The British-organized Shanghai Green Gangs cooperated with Chiang Kai-Shek, whose KMT Army came into being from a merger of several other Triad secret societies modeled after Scottish Freemasonry.  The Masons trace their history back to the construction of the Tower of Babel.  King Henry VIII opened Freemasonry to people other than builders who became known as Speculative Masons.  Scottish Rite Freemasonry has thirty-two degrees of initiation, followed by a 33rd degree, which represents the human head atop the thirty-two vertebrae of the human back. [8] 33rd degree Masons are said to be Illuminated.  A British Crown-backed coalition of Chui Chao Green Gangs and KMT massacred trade unionists and socialists in Shanghai in 1927, putting into action the Masonic credo Ordo ab Chao (order out of chaos).

    J. H. Keswick was a prominent figure in the British-run Shanghai International Settlements where his brother Sir William Johnston Keswick was chairman from the 1930’s until the 1949 Chinese Revolution. Following the revolution Chiang Kai-Shek landed in Taiwan and his KMT Army fled to Burma.  Keswick and his Shanghai Green Gangs moved their heroin refineries into Hong Kong, which the British seized from Chinese revolutionaries.

    Cantonese heroin trafficker William Jardine followed suit, combining forces with fellow Anglo-Scot hongs, the Keswicks and William Sutherland Matheson, to form Jardine Matheson.  The families launched the Hong Kong Shanghai Bank Corporation (HSBC) after the second Opium War as a repository for their opium proceeds.  HSBC, a subsidiary of the London-based HSBC Holdings, today prints 75% of Hong Kong’s currency, while the British Cecil Rhodes-founded Standard Chartered Bank prints the rest.  HSBC’s Hong Kong headquarters sits next to a massive Masonic Temple.

    Freemasonry is a highly secretive society, making it an ideal vehicle for global drugs and arms trafficking.  According to 33rd Degree Mason Manly Hall, “Freemasonry is a fraternity within a fraternity – an outer organization concealing an inner brotherhood of the elect…the one visible and the other invisible.  The visible society is a splendid camaraderie of ‘free and accepted’ men enjoined to devote themselves to ethical, educational, fraternal, patriotic and humanitarian concerns.  The invisible society is a secret and most august fraternity whose members are dedicated to the service of an arcanum arcandrum (sacred secret).”

    The bankrupt Deak & Company’s role in the Hong Kong gold trade was filled by Sharps Pixley Ward, which holds a monopoly over the Hong Kong gold market.  Sharps is 49%-owned by the Sharps Pixley subsidiary of British merchant bank Kleinwort Benson and 51%-owned by HSBC.  Kleinwort is cozy with the Oppenheimer family’s Rio Tinto, which was founded by the British Matheson family with money generated from opium sales and with help from Schroeder Bank, which also financed Adolph Hitler.

    According to a July 13, 2007 article in the Financial Times, Rio Tinto recently bought Alcan to become the world’s largest aluminum producer. In 2010 they set their sights on BHP Billiton in what would be a merger of the world’s two biggest mining companies.

    Matheson’s heirs through marriage with the Fraser family are the Keswick family who now run Jardine Matheson, a wide-ranging conglomerate of shipping and industrial interests which also happens to own the Hong Kong Jockey Club, a known venue for drug money laundering.  The Swire family controls Hong Kong’s Cathay Pacific Airlines, while the Inchcape family still runs the Peninsular Orient Navigation Company (PONC).  J. H. Keswick, J.K. Swire and Sir Mark Turner all served in Britain’s Ministry of Economic Warfare during WWII and are all members of the RIIA, which was founded by Rio Tinto’s first chairman Lord Alfred Milner.  These families dominate the board of directors at HSBC. [9]  Current Directors include Lord Inchcape and Henry Neville Lindley Keswick.

    The British Bank of the Middle East that dominates the flourishing Dubai gold trade is 100% owned by HSBC.  In 1999 HSBC bought Lebanese financier Edmund Safra’s Republic Bank, another major player in world gold markets.  HSBC had already purchased the CIA-favorite Marine Midland Bank, which is clearing agent for the government of Panama and owns the Samuel Montagu gold trading firm in London.

    The HSBC ruling families have intertwining interests with other international mega-banks, the global gold and diamond trade and the Anglo/Dutch half of the Four Horsemen – Royal Dutch/Shell and BP Amoco.

    Lord Armstrong of Ilminster sits on the boards of Royal Dutch/Shell, N. M. Rothschild & Sons, Rio Tinto Zinc and Inchcape, the holding company that controls PONC.  Shell director Sir Peter Orr joins Lord Armstrong on Inchape‘s board.  Cathay Pacific Airlines owner Sir John Swire is a director at Shell, while Shell director Sir Peter Baxendell joins Lord Armstrong on the board of the Matheson-founded and Oppenheimer-controlled Rio Tinto. [10] Shell also controls BHP Billiton.

    Shanghai Settlements veteran and HSBC insider William Johnston Keswick sits on the board of BP Amoco with PONC’s #2 man Sir Eric Drake, who joins Rio Tinto board member Sir Mark Turner on the board of Kleinwort Benson, which owns 49% of the Sharp’s Pixley Hong Kong gold monopoly.  Turner joins David Keswick on the board of HSBC’s Samuel Montagu, one of five firms who gather daily at N. M. Rothschild & Sons in London to “fix” the price of gold.

    Jardine Matheson’s current chairman David Newbigging sits on the international advisory board at JP Morgan Chase and is arguably Hong Kong’s most powerful man.  The Chairman of Morgan et Cie, the bank’s international division is Lord Cairncatto who also sits on the London Committee of HSBC.  Cairncatto is also chairman of Morgan Grenfell, which in 1989 was purchased by Deutsche Bank.  Cairncatto sits on the Ruling Council at the London-based Royal Institute for International Affairs- the Crown-controlled foreign policy think tank, whose US affiliate is the Council on Foreign Relations.

    Jardine Matheson and PONC also have interlocking directorates and originate from the same Mackay family.  Jardine founder James Sutherland Matheson was the son of Katherine Mackay.  Mackay is the family name of the Earls of Inchcape.  The current Chairman of PONC is Sir Hugh Mackay-Tallack, who is also Deputy Chairman of Standard Chartered Bank.  The 3rd Earl of Inchcape J. W. Mackay is a director at Standard Chartered.  His predecessor, the 2nd Earl of Inchcape, had advocated opium trafficking in a 1923 PONC annual report.

    In 2006, when controversy swirled over the potential sale of US port operations to Dubai firm DP World, virtually no media attention was paid to the current contractor – PONC.  Today the old opium transport firm has split into two parts.  P&O NedLloyd, the shipping arm, was bought by AP Meller-Maersk, the massive Danish shipping firm controlled by the billionaire Maersk family.  P&O, the port operator arm, was bought in 2006 by DP World.  Each arm had controlled part interest in the Port of New York.  In 2007 it was announced that its port operations would be sold to insurance giant AIG. The next year AIG went belly up.

    HSBC has a big presence in Vancouver, which is on the receiving end of most US-bound Southeast Asian heroin.  Canada’s Hudson Bay Company is controlled by P&O NedLloyd and the Keswick family that controls Jardine Matheson.  P&O’s #2 man Sir Eric Drake sits on the board at Hudson Bay, while HSBC and Jardine Matheson director Henry Neville Lindley Keswick sits on the board of Canadian paper giant MacMillan Bloedel, which the British Duke of Devonshire controls.

    Beginning in the early 1990’s HSBC went on a global shopping spree.  In 1994 HSBC formed HongKong Bank Malaysia Berhad.  In 1997 it formed Brazilian subsidiary Banco HSBC Bamarindus S.A. and acquired Argentina’s Roberts S.A. de Inversiones.  In 1999 it bought Malta’s biggest commercial bank. [11]

    In 2000 it has acquired France’s CCF, Turkey’s Demirbank TES and the Egyptian British Bank.  In 2002 it bought Mexico’s Grupo Financiero Bital S.A. de C.V. and Turkey’s Benkar Turketici Finansmani ve Kart Hizmetleri A.S.  It took over Bank of Bermuda and acquired stakes in China’s Ping An Insurance, India’s UTI Bank and China’s Bank of Communications. [12]

    By 2003 HSBC was the world’s second largest bank.  In November 2003 the bank’s Istanbul, Turkey headquarters was destroyed in a suicide bombing.  A separate bombing that same day killed the British consul general.

    In 2005 HSBC bought Household International, a dirty Chicago bank which researcher Sherman Skolnick says was incarnated out of the remnants of Australia’s Nugan Hand Bank. [13]  Household is a subprime mortgage lender and was intimately involved in creating the US property bubble.

    [1] http://www.buffalonews.com/business/article507598.ece

    [2] http://www.gfmag.com/tools/best-banks/10619-worlds-50-biggest-banks.html...

    [3] Hot Money and the Politics of Debt. R.T. Naylor. The Linden Press/Simon & Schuster. New York. 1987. p. 199

    [4] Ibid. p. 323

    [5] Rule by Secrecy: The Hidden History That Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins. New York. 2000

    [6] Dope Inc.: The Book that Drove Kissinger Crazy. The Editors of Executive Intelligence Review. Washington, DC. 1992. p.114

    [7] Ibid. p.125

    [8] Masonry: Conspiracy Against Christianity. A. Ralph Epperson. Publius Press. Tuscon, AZ. 1997.

    [9] The Editors of Executive Intelligence Review. p.193

    [10] Annual Report. Shell Transport & Trading Company, p.l.c. 1991

    [11] http://www.hsbc.com.tr/eng/about_HSBC/hsbc_group

    [12] Ibid

    [13] http://www.skolnicksreport.com/tripwire.html

    www.deanhenderson.wordpress.com

    Wed, 08/10/2011 - 11:53 | 1546736 Tyler Durden
    Tyler Durden's picture

    Next time just the cliff notes version please

    Wed, 08/10/2011 - 11:55 | 1546753 EscapeKey
    EscapeKey's picture

    HSBC is bad, mmkay?

    Wed, 08/10/2011 - 11:56 | 1546762 bankrupt JPM bu...
    bankrupt JPM buy silver's picture

    Coles Notes is way better

    Wed, 08/10/2011 - 12:00 | 1546785 Vinny
    Vinny's picture

    How are those 2 bears of yours doing lately?

    Wed, 08/10/2011 - 12:07 | 1546834 lynnybee
    lynnybee's picture

    Tyler, you are just way tooo coool.    sincerest respect & admiration to you for the best website & education i've ever had.   NOW I KNOW WHAT THE HELL IS GOING ON IN THIS WORLD !!!   thank you, dear Tyler.    you are tooo wonderful for words.    Can I job shadow you sometime ?   

    Wed, 08/10/2011 - 12:16 | 1546905 Thomas
    Thomas's picture

    Job shadow? Sounds dirty.

    Wed, 08/10/2011 - 12:46 | 1547050 lynnybee
    lynnybee's picture

    it's not dirty !   job shadowing is where you quietly observe & learn.    it would be so fun to be quiet as a mouse & just follow Tyler Durden (whoever he may be) as he goes about his business of running this website.   ........ quietly observing, taking notes & learning = job shadowing   (maybe i'm just too old for this website ).

    Wed, 08/10/2011 - 13:35 | 1547272 Thomas
    Thomas's picture

    He's probably some skanky guy who never showers. Maybe like Walstreetpro...

    http://www.youtube.com/user/walstreetpro2

    Wed, 08/10/2011 - 12:07 | 1546836 PaperBugsBurn
    PaperBugsBurn's picture

    Thanks dude...you got it!

     

    You are a true good guy and a treasure to this community!

    Wed, 08/10/2011 - 12:13 | 1546880 Whatta
    Whatta's picture

    cliff notes and a gratuitous picture of a bikini washing a motor cycle.

    Wed, 08/10/2011 - 12:18 | 1546918 Crack-up Boom
    Crack-up Boom's picture

    Amen.  I swear gold went up $10 while I read the first few paragraphs!

    Wed, 08/10/2011 - 12:42 | 1547015 RockyRacoon
    RockyRacoon's picture

    If correlation is any indicator, popular sentiment is that you go back and read it a couple more times!

    Wed, 08/10/2011 - 12:31 | 1546964 Calculated_Risk
    Calculated_Risk's picture

    True that.. I'm pretty sure the article is somewhere on the tubes, and a damn link would suffice.

    Wed, 08/10/2011 - 14:13 | 1547413 ReactionToClose...
    ReactionToClosedMinds's picture

    +1`

    Thu, 08/11/2011 - 12:50 | 1551321 JW n FL
    JW n FL's picture

    Are You Done Wondering Why We Love You Bro!!! Are You Done?? Do You Get It???

    Much Love!

    My God Bless You and Yours Tyler!

    If You EVER! get down around Pam Beach! Let me know! Vodka is on me! or if that is not your thing! I have some Crab Cakes at the Ocean Grille' (Breakers) that are better than anything you will find anywhere else (including Maryland or Alaska)!

    Wed, 08/10/2011 - 12:01 | 1546795 john39
    john39's picture

    the Sassoon family was a key player in the opium trade, what a shock.  Other distant relatives were in control of the african slave trade for hundreds of years before that.  anyone sense a pattern?

    Wed, 08/10/2011 - 12:02 | 1546798 moregoldplease
    moregoldplease's picture

    Some interesting stuff, but mostly historically inaccurate and not properly sourced. The Knights Templar, for example, were wiped out well before the East India company existed.

    Wed, 08/10/2011 - 12:06 | 1546827 Bastiat
    Bastiat's picture

    Prove they didn't exist underground. Hah! Gotcha!

    Wed, 08/10/2011 - 12:14 | 1546885 john39
    john39's picture

    not all of them were killed.  many escaped to scottland and the swiss alps.

    Wed, 08/10/2011 - 12:32 | 1546966 Temporalist
    Temporalist's picture

    I knew it!  The Templars are now the Mole People!  Everything comes together in the end...

    Wed, 08/10/2011 - 12:15 | 1546892 XitSam
    XitSam's picture

    "Knights Templar" has the same number of letters as "Federal Reserve".  Coincidence?  I think not!

    Wed, 08/10/2011 - 12:18 | 1546919 Thomas
    Thomas's picture

    and "huge douche bags"

    Wed, 08/10/2011 - 12:58 | 1547102 Smiddywesson
    Smiddywesson's picture

    It's all 19!

    Wed, 08/10/2011 - 12:05 | 1546822 Muddy1
    Muddy1's picture

    Freemasonry does NOT trace their history back to the construction of the Tower of Babel.  It is traced back to the construction of King Solomon's Temple.  If you can't get something that simple right, what else is wrong with your article?  Much.

    Wed, 08/10/2011 - 12:15 | 1546897 PaperBugsBurn
    PaperBugsBurn's picture

     

    Oopsy... touched a nerve did we?

     

    lmfao!

    Wed, 08/10/2011 - 12:25 | 1546941 CrockettAlmanac.com
    CrockettAlmanac.com's picture

    Yes, stupid mistakes get on the nerves of those who know better. And why not?

    Wed, 08/10/2011 - 13:18 | 1547196 LFMayor
    LFMayor's picture

    While we're on the subject,  I was thinking morphine is synthesized from heroin, not the other way around, like your breathless 11!!ty shit screed suggested.

    You'll have to eat out back now, with the weather control and earthquake machine freaks.

    Thu, 08/11/2011 - 01:24 | 1549912 Cathartes Aura
    Cathartes Aura's picture

    http://weathermodification.com/index.php

    dude, it's hardly a secret - and the US military has plenty of web documentation should you care to know. . .

    booga booga!!!!!

    Wed, 08/10/2011 - 12:15 | 1546899 exiledbear
    exiledbear's picture

    tl;dr: Bankers are bad bad people. We get it.

    Wed, 08/10/2011 - 12:16 | 1546908 MobBarley
    MobBarley's picture

    Wow that was all over the place. I gleaned something to the effect that HSBC is a bunch of Masons high on opium

    and the British are coming.

    Skolnick. He's the one screaming that Coca Cola is a front for the CIA importing vast quantities of Cocaine, right?

     

    Wed, 08/10/2011 - 12:31 | 1546962 Taint Boil
    Taint Boil's picture

    For the love of god and all that is holy ............ just link to it.

    Wed, 08/10/2011 - 12:47 | 1547043 RockyRacoon
    Wed, 08/10/2011 - 12:43 | 1547025 Joe Sixpack
    Joe Sixpack's picture

    Tell Lyndon hello!

    Wed, 08/10/2011 - 15:59 | 1547870 Hephasteus
    Hephasteus's picture

    Trying to find the dirtiest bank is like trying to find the most morally reprehensible CIA agent or the most deceptive politician. You lose all semblence of relative scale at these levels. Everything is a continuum and the central banks are all the outer edge of the contiuum. They are flat earth. You fall off if you try to go any further.

    Wed, 08/10/2011 - 11:56 | 1546763 Jeremy Roenick
    Jeremy Roenick's picture

    Traditionally Transitory

    Follow the Yellow Brick Road!

    Wed, 08/10/2011 - 11:43 | 1546634 -Michelle-
    -Michelle-'s picture

    I wish I could be happier about this.

    Wed, 08/10/2011 - 11:48 | 1546685 GoldBricker
    GoldBricker's picture

    Ah, the bittersweet satisfaction of knowing ahead of the pack that we are so screwed, both us and the pack.

    Wed, 08/10/2011 - 11:55 | 1546752 Schwetty Shorts
    Schwetty Shorts's picture

    "There's no fate but what we make for ourselves."

    Fear not, the BanksTerminators will [eventually] be defeated.

    Wed, 08/10/2011 - 12:04 | 1546812 tip e. canoe
    tip e. canoe's picture

    "Fear not, the BanksTerminators will [eventually] be defeated."

    while the Bankers sit around counting their golden stash...ever hear of a bust-out?   why do you think the bonus system was set up in the first place?

    Wed, 08/10/2011 - 12:45 | 1547037 Schwetty Shorts
    Schwetty Shorts's picture

    But the oligopoly is getting sloppy...  As 'tradition' has proven that confiscation must preceed currency revaluation.  Yet still, the reval is currently underway and is dramatically accelerating right before our eyes.  It feels like TPTB have blinked in the final staring contest.  And if they attempt confiscation now it will certainly unleash the mother of all shitstorms.  Americans are now pre-revolutionary, this is not 1933, faith in political leadership is now non-existent.  Having no hope is lame, especially considering the fact that we are the ones who inherit the chance to rebuild the world as it should be... Free from tyrannical influence.

    Wed, 08/10/2011 - 13:10 | 1547155 Smiddywesson
    Smiddywesson's picture

    They don't need to confiscate PMs to ruin us all.  There are no coins in circulation that need to be collected and melted.  Most of the public have no gold, and the remainder who know about gold crowded into paper gold.  In the 30s, the party line was gold was no longer relevant.  How can they move us to a gold standard, tell us that "this paper you can trust because it's backed by gold" and then confiscate your gold?

    They have all the gold they need, and yet they kick the can to get more.  When gold prices go vertical, or they lose control of the silver market, or the overall social unrest gets too crazy, they will make their move.

    They will announce a gold standard, ramp the prices of gold, and be instantly solvent.  They will also pay off their silver shorts with their ill gotten gains.  After that, we will see silver go to its rightful price level.  But not so with gold.  They will push up the price of gold to outrageous levels, so that they have complete power.  Unfortunately, that means the price of everything else measured in gold will plumet, so in effect, they taxed you to bail themselves out without ever using the word "taxes."

    Once they own everything, they can proceed to manipulate the value of the new currency by manipulating the gold market.  Over time, the gold "backing" will shrivel away and they will create some new scam.

    They don't need to confiscate your paltry amount of gold.  They have already won.  Unless you own PMs, there is no escape from this plot.

    Wed, 08/10/2011 - 16:21 | 1548044 I did it by Occident
    I did it by Occident's picture

    "Most of the public have no gold, and the remainder who know about gold crowded into paper gold."

    But many own guns/ammo, so.......

     

    Wed, 02/22/2012 - 18:58 | 2186819 DosZap
    DosZap's picture

    But many own guns/ammo, so.......

    So, your going to put a sign in your yard advertising you have PM's inside!!!.

    1st stranger, or group (if the SHTF) to approach my front or any entrance to my forification, will rot where they stepped on.

    While true, many own G& A VERY few are really proficient in their use, and are severely limited by range.

    Meaning they were not MOS 8541's.

    Or the equal.

    Thu, 08/11/2011 - 02:11 | 1549946 GoldBricker
    GoldBricker's picture

    You have given a concise summary of the (verbose) argument of FOFOA, which is the most plausible explanation/prediction of the situation that I've seen.

    Wed, 08/10/2011 - 13:27 | 1547230 tip e. canoe
    tip e. canoe's picture

    schwetty, agree that gold marks a fork in the road.  but, once we reach the crossroads, confiscation does not necessarily have to be the only way the parasites can drag everyone else down the path into further tyranny.  not saying have no hope and not bashing holding gold, just making a humble suggestion to stay thirsty.   the manipulation runs deep, like 5,000 years deep and gold has been proven to be one of the primary tools of that manipulation time and time again.

    also, don't confuse The Powers That Bilk with the minions and the institutions that were created solely for the purpose to extract and siphon other people's wealth.

    Wed, 08/10/2011 - 13:44 | 1547312 Schwetty Shorts
    Schwetty Shorts's picture

    Gotcha Tip, we're all just trying to be realists here... Smiddy, those being wiped out in the great deval are the same useful idiots that voted us into this mess... so it'll be tough for me to sympathize with them in the end.  Judging by how many of my family and friends have gotten serious about converting into PM's, I'd say there are more physical holders than we realize.  But I cannot disagree with your analysis that what exists in "private hoarding" is a pittance compared to what they already hold at the NY Fed and Ft Knox... that is if they still actually have it, but if no one really knows and there is no audit that is a win for them.  However, returning to a gold standard is a win for everyone going forward... though we will have to be diligent enough to enforce it as the law of the land so as not to face a repeat of 1913... 1933, etc.

    Wed, 08/10/2011 - 12:09 | 1546857 KrugmansChauffeur
    KrugmansChauffeur's picture

    Be the crew of the Paetna not the passengers.

    Wed, 08/10/2011 - 14:11 | 1547406 ViewfromUnderth...
    ViewfromUndertheBridge's picture

    ummm...the Paetna didn't sink, thus Jim's nightmare life. Time to stop driving that fool around and re-read it.

    Wed, 08/10/2011 - 11:50 | 1546717 Kali
    Kali's picture

    Yup, crying while doing the Snoopy happy dance. 

    Wed, 08/10/2011 - 12:19 | 1546921 exiledbear
    exiledbear's picture

    1. Find an entry point

    2. Go long

    3. Have patience

    4. Profit.

    Hope this helps you become happier!

    Wed, 08/10/2011 - 12:48 | 1547057 -Michelle-
    -Michelle-'s picture

    Our entry point was last year, so we're done with 1 to 3.  4?  I can't really profit unless I convert our physical to something else.  I'm happy to know that we were at least able to secure a bit of wealth for the future, our kids' if not our own.

    But no, it doesn't make me happier.  I'd be happy to have gold drop to $100/oz if it meant sanity had prevailed.  Gold at $1800 is just a cue for me to gather those I love even closer.

    Wed, 08/10/2011 - 13:56 | 1547365 Dick Fitz
    Dick Fitz's picture

    +1000 Michelle-

    You have the right idea- build future wealth, and hold your loved ones closer than ever. You're going to need them. I would gladly give all of my guns, gold and grub away, everything  that I own- hell, my own life- if it meant a return to sanity.

    Thu, 08/11/2011 - 00:25 | 1549842 DaveyJones
    DaveyJones's picture

    Good stuff both

    Thu, 08/11/2011 - 12:51 | 1551324 JW n FL
    JW n FL's picture

    Sweety! get your Hubby to get some guns to protect Ya'll with PLEASE!!

    God Bless You and Yours!!

    Thu, 08/11/2011 - 20:16 | 1552618 -Michelle-
    -Michelle-'s picture

    We got the guns before the gold.  And as much as it pains my husband, Mr. Marksman, to admit it... I'm a better shot than he is. ;)

    Wed, 08/10/2011 - 11:44 | 1546643 HUGE_Gamma
    HUGE_Gamma's picture

    atomic symbol changed to FU

    Wed, 08/10/2011 - 11:48 | 1546682 Popo
    Popo's picture

    Lol.  Nice.

    Wed, 08/10/2011 - 12:00 | 1546787 MayIMommaDogFac...
    MayIMommaDogFace2theBananaPatch's picture

    That's some stealable material, right there. ;)

    Wed, 08/10/2011 - 12:06 | 1546833 bania
    bania's picture

    awesome lol

    Wed, 08/10/2011 - 12:11 | 1546870 Hulk
    Hulk's picture

    That was good...

    Wed, 08/10/2011 - 16:01 | 1547884 Hephasteus
    Hephasteus's picture

    From AU to FU in 900 dollars.

    Wed, 08/10/2011 - 11:44 | 1546648 jonan
    jonan's picture

    bernank can take his tail risk and shove it...

    Wed, 08/10/2011 - 12:43 | 1547026 baby_BLYTHE
    baby_BLYTHE's picture

     "tail risk" is the treat of a golden rocket grenade torpedoing the propeller of his bennycopter sending it into a lethal nose dive, as we are seeing today.

    Wed, 08/10/2011 - 13:58 | 1547375 Whalley World
    Whalley World's picture

    And the Rockets Gold Glare, as bonds are bursting in Air.

    Wed, 08/10/2011 - 14:33 | 1547500 baby_BLYTHE
    baby_BLYTHE's picture

    Gave proof though the night, the gold in Fort Knox wasn't still there

    Wed, 08/10/2011 - 15:23 | 1547687 PhattyBuoy
    PhattyBuoy's picture

    Nice duet ...

    Wed, 08/10/2011 - 11:44 | 1546651 DonnieD
    DonnieD's picture

    I look forward to the day coin shops replace Bank of America branches.

    Wed, 08/10/2011 - 11:52 | 1546735 GoldBricker
    GoldBricker's picture

    We're ahead of you here in Europe; banks are the main dealers of gold coins.

    Check out this link from my old bank in Luxembourg:

    http://www.bcee.lu/en/Private-customers/Investments/Precious-metals

    The banks won't be replaced in the US, they'll just take up dealing.

    Wed, 08/10/2011 - 12:07 | 1546831 achmachat
    achmachat's picture

    Ah! Finally a fellow Luxembourg ZH reader!
    This february I went to my bank and asked for silver.
    They offered me a metals account, silver that somewhere in some vault gets "reserved" for me but cannot be delivered. I said thanks but no thanks.
    Took all the Euros that were in the savings account and bought my own weight in Philharmonics from Germany.
    Good times. Good times.

    Wed, 08/10/2011 - 13:41 | 1547298 Smiddywesson
    Smiddywesson's picture

    When the biggest manipulators in the world are backed into a corner, and can only do one thing, it's a good idea to join them.  Well done.

    Wed, 08/10/2011 - 13:50 | 1547340 BayAreaAlan
    BayAreaAlan's picture

    I hope you are fat?

    Wed, 08/10/2011 - 11:45 | 1546654 RobD
    RobD's picture

    Finally silver is catching a bid too.

    Wed, 08/10/2011 - 11:45 | 1546655 ABCStore
    ABCStore's picture

    bararians and ikings...

    Wonder when silver is going to follow?..

    ABC

    Wed, 08/10/2011 - 11:45 | 1546657 Chasecran
    Chasecran's picture

    This thing willbe at 1350 by next summer.

    Wed, 08/10/2011 - 11:46 | 1546667 Buckaroo Banzai
    Buckaroo Banzai's picture

    $1350 a gram, maybe.

    Wed, 08/10/2011 - 11:50 | 1546712 jonan
    jonan's picture

    + 31 grams of gold...

    Wed, 08/10/2011 - 11:46 | 1546668 unky
    unky's picture

    Continue to stay in your dream world, I think u missed a zero 13500 is more likely at this expontential rate now

    Wed, 08/10/2011 - 13:46 | 1547320 Smiddywesson
    Smiddywesson's picture

    By agreement among the central banks, it will go as high as they need it to go to make the big banks solvent.  If that figure is $5000 an ounce, I'm sure they wouldn't get greedy and ramp prices any higher.

    This is a once in a lifetime event for the greediest people in the world.  They have fought very hard to link together all the countries with them at the top, so I doubt they will pass up the opportunity to both survive, and prosper.  They don't have any other choice.  I would be very surprised if your $135000 prediction isn't closer to the mark than the $5000 one.

    Wed, 08/10/2011 - 13:15 | 1547184 Snidley Whipsnae
    Snidley Whipsnae's picture

    'Gold is money and nothing else'... JP Morgan

    FU Benny Boy, Morgan forgot more about gold than you will ever know.

    Wed, 08/10/2011 - 14:05 | 1547386 Whalley World
    Whalley World's picture

    Wow,  your understanding of real money in a world of dying fiat is underwhelming!

    Wed, 08/10/2011 - 11:45 | 1546658 unky
    unky's picture

    At the moment when gold breached 1780, Silver rallied 2%. Seemed like an important level for them (Gold@1780)

    Wed, 08/10/2011 - 11:51 | 1546721 OutLookingIn
    OutLookingIn's picture

    You can bet the 'Evil Empire' will defend 1780 with everything it's got! Including the kitchen sink!

    Wed, 08/10/2011 - 12:10 | 1546853 Bastiat
    Bastiat's picture

    Fine. Can they deliver gold to everyone in the world that wants to dump paper for it? 

    The government of to Japan will do everthing in its power to stop the Tsunami -- oh yeah -- and RUN for higher ground!!!

    Wed, 08/10/2011 - 12:55 | 1547070 Bob Paulson
    Bob Paulson's picture

    The time has almost come that they don't want to defend it anymore.

    Wed, 08/10/2011 - 14:34 | 1547508 ViewfromUnderth...
    ViewfromUndertheBridge's picture

    I think that point was $1,000...when China put a floor under it. To test that floor the IMF dumped 400 tonnes...result China nibbled at it in the early $1,000s until outbid by India and satellites.

    If they were prepared to defend any particular level with the volume required to accommodate whales like Central Banks, rather than just scalp retail, then I think China would seriously consider transferring some reserves. As I understand it China is now trying to buy from all weak operators at the mine as well as weak-minded sovereigns. 

    Wed, 08/10/2011 - 12:27 | 1546946 tarsubil
    tarsubil's picture

    I think 1780 is very close to exactly 20% higher than when this rally started 5 weeks ago. Life sucks when this happens and I'm sitting here waiting for some kind of intervention.

    Wed, 08/10/2011 - 15:07 | 1547632 ViewfromUnderth...
    ViewfromUndertheBridge's picture

    Silver

    Wed, 08/10/2011 - 11:46 | 1546662 TradingJoe
    TradingJoe's picture

    Ahhh what a nice sight to behold:)))!

    Wed, 08/10/2011 - 11:46 | 1546663 Maybe-Not
    Maybe-Not's picture

    $1,788.50

    Wed, 08/10/2011 - 11:46 | 1546666 lieutenantjohnchard
    lieutenantjohnchard's picture

    the central bank of lieutenant john chard is having a nice day, and sleeping easy at night.

    and as ever, gentleman jim sinclair sends warm regards to all gold haters.

    Wed, 08/10/2011 - 11:46 | 1546669 Mercury
    Mercury's picture

    Barbarians at the gates of the Fed...

    Wed, 08/10/2011 - 12:32 | 1546975 Sudden Debt
    Sudden Debt's picture

    will those Barbarians feel stupid when they find out THE BANKERS ALREADY ROBBED THE PLACE!

     

    Wed, 08/10/2011 - 11:47 | 1546675 Debtless
    Debtless's picture

    Blythe: Retreat, retreat back to $1800!!!

    Wed, 08/10/2011 - 11:48 | 1546676 Lord Blankcheck
    Lord Blankcheck's picture

    5 margin increases and kill OBL again and we'll be back to 1620

    Wed, 08/10/2011 - 11:50 | 1546715 MayIMommaDogFac...
    MayIMommaDogFace2theBananaPatch's picture

    Well played...

    Wed, 08/10/2011 - 12:00 | 1546788 schoolsout
    schoolsout's picture

    indeed... lol

    Wed, 08/10/2011 - 11:51 | 1546723 RobD
    RobD's picture

    That is what I was thinking, well except for the OBL part. I think they will have to kill someone else this time.

    Wed, 08/10/2011 - 12:19 | 1546920 Variance Doc
    Variance Doc's picture

    Why?  The sheeple's attention span and memory is about 15 sec and 15 min, respectively.

    Wed, 08/10/2011 - 12:29 | 1546954 tarsubil
    tarsubil's picture

    Nah, just say this time we REALLY got him. We mean it. Here's a picture.

    Wed, 08/10/2011 - 11:48 | 1546678 legal eagle
    legal eagle's picture

    Yes, but be ready for a correction. $2,000 looks in reach.

    Wed, 08/10/2011 - 13:50 | 1547338 Smiddywesson
    Smiddywesson's picture

    I think they are fighting a rearward action and those corrections are losing steam.  Diminishing returns. 

    Correction used to last months.  Then weeks.  Then days.  Now they are a day or less.

    Wed, 08/10/2011 - 11:48 | 1546683 OutLookingIn
    OutLookingIn's picture

    Santa's golden angels coming true - one by one!

    Wed, 08/10/2011 - 11:48 | 1546684 alexwest
    alexwest's picture

    rp: is gold the money?
    bb : NO
    rp: why banks keep gold as reserves..
    bb: i guess its tradtion

    fucking brainless bearded idiot

    alx

    Wed, 08/10/2011 - 12:11 | 1546871 Bastiat
    Bastiat's picture

    Corrupt lying sack of shit more like it.

    Wed, 08/10/2011 - 11:48 | 1546686 gatorontheloose
    gatorontheloose's picture

    gold climbing like the yodler on the price is right

    Wed, 08/10/2011 - 11:57 | 1546772 Deepskyy
    Deepskyy's picture

    Except we still can't see the cliff, and I'm not sure there is one until the SHTF.

     

    Wed, 08/10/2011 - 12:36 | 1547000 Widowmaker
    Widowmaker's picture

    Ha ha!  Priceless.

    Wed, 08/10/2011 - 11:50 | 1546691 ForWhomTheTollBuilds
    ForWhomTheTollBuilds's picture

    "traditional inedible religion of barbarians"

     

    Reminds me of the good old days of the "best mixed metaphor" contests on the Calculated Risk blog.

     

    "The dominoes are falling like a house of cards.  Checkmate!!!"

    Wed, 08/10/2011 - 12:12 | 1546876 Bastiat
    Bastiat's picture

    LOL!

    Wed, 08/10/2011 - 11:49 | 1546693 IronShield
    IronShield's picture

    One round for da boyz...

    Wed, 08/10/2011 - 11:49 | 1546694 BurningFuld
    BurningFuld's picture

    I have been reading Zerohedge for 3 years now. Because of this I have made a piss pot full of money in the last week.

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