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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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Not worried about silver. Gold is signaling a return to hard money. Silver will follow.
LOL silly hard money socialists!
Honest Money yes, Hard Money no
silver wake up finally :)
You can't eat silver.
I'll take my chances..
You can't eat paper currency either.
But you can wipe your ass with it.
Hahahahahahaha some jokes never get old.
I can now afford to hire people to wipe my ass for me!
$1799.90 !!!!!!
I picture RoboTrader wandering L.A. streets in a bathrobe looking in trashcans for half eaten egg Mcmuffins...
You are hysterical! Nobody would be crazy enough to throw out a Mcmuffin!
LMAO
If that were in Switzerland, it would be a $17 McMuffin
...and since it has the half life of plastic, it doesn't matter how long ago they tossed it! Win, win!
Decoupling bitches.
The swiss franc was down 20% in 2008. Peter Schiff was right.
Just broke 1800..Wow :o)
Man, the peeps that bought those DEC 11 - 1800 Gold Calls a couple of months ago are loving life.
So are the ones who bought 'em at 1600, 1700, and 1900...
Looks like the 1700s were even more transitory than the 1600s.
run silver run :)
SEC mandate is to investigate this kind of setup in the market. One day +5% next day -5% with same congestion data(problems) but pirates like Goldy gang and other bunch who are not straight but full homos are untouchible since Obama cabinet is full of them they are better off than in Bush cabent. At least Lehman rented call girls, this guys this days rent call boys.
What do you have against gay people that you insist on comparing them to scum like the SEC and Goldman?
Simply put, people that feel threatened by homosexuals often have doubts about their own sexuality.
I don't usually like the suffix "-tard" but I'm thinking of one now.
Fuck off. This little faggot could gut you before you could even react.
It's pathetic how the evil ones use wedge issues to distract and divide Americans, while they rip out and steal every vessel of value from the place.
The more divisiveness they can create, the more time they buy to plunder, pillage and rape.
This is "TruthInSunshine." Thanks.
$1801
wonder if that 'tard fella who said ben bernanke was the greatest central banker of all time is having second thoughts since he made the comment based upon a fib 70% retrace of the spoos after the crash of 08?
What exactly are bararians anyway? Are they from Baharain?
you mean Barbarian?! o.k this is funny...from Wikipedia..
The term originates in the Greek civilization, meaning "anyone who is not Greek"
after all they could have learned something from them
In idiomatic or figurative usage, a "barbarian" may also be an individual reference to a brutal, cruel, warlike, insensitive person
Barbarian: 'GOLD ...muahahahahaha'
The word barbarian is derived from Ancient Greece, which simply translated means "outsider".
The actual word "barbaros" comes from the xenophobia that the Greeks had to outsiders, in which any language not Greek was said to make the sound "bar bar" (think of the modern 'blah blah').
Thanks but I was being facetious. Tyler had spelled barbarians wrong in the original text. He has since corrected it.
Ah, gotcha. But you didn't know that about the term "barbarian" did you? So there's a nice little brain-juice for you on this fine day for gold/silver.
Let's all sing the Whiffenpoof song just for Uncle Ben.
"We are poor little lambs,
Who have lost our way,
Bah, bah, barbarous relic..."
Double post? I mean one more time!
"Bah, bah, barbarous relic!"
Dup.icate
Frog and Toad, is that like Gaijin??...............
Ahhhhhhhhhhhhhhhhh Sooooooooooooooo
Does gold @ $1,800 equal Nasdaq @ 5000?
Just asking, since PM bears (or even agnostics) seem extinct.
Gold, the bellwether for US bernankruptcy, don't you just love it!
"bernankruptcy"
very nice. THAT'S a keeper!
2nd that!
It's just Faber buying a coupla more gold rings for his girls
Well he does live in Thailand.
Shame I take all my investment advice from the MSM and never bought any gold.
No, wait a minute.......
Happy days for the 'Tinfoil Hat' crew
WHEEEE!!!!! Hi-Yo Silver, AWAY!!!
This should have been expected by everyone here.
$1,764 gold price and then exponential? Legendary investor Jim Sinclair says, YES!http://wholesalegoldgroup.com/1764-gold-price-and-then-exponential-legen...
Long John I think it is better to provide the link directly form the source GoldMoney.com:
http://www.goldmoney.com/affiliate-videos.html
What if it really is a 'game over' moment we are witnessing? I better get that new political party started....(squints at rolodex)....
Europe is done.
Japan is done.
US almost done.
China is over the cliff but doesn't know it yet.
Geopolitical question now paramount: how to sidestep communism and fascism and maintain democratic society.
And to think it all started with a corrupt, psychopathic decision to let the super-rich hold worthless bonds with no haircuts and no GAAP accounting.
Idiots. Thanks Timmy for whiting out the % haircut line and writing in 'PAR' on those AIG notes. And thanks Obama for enabling this final destruction of the rule of law, and thus the very community you purported to want to organize on behalf of. And thanks Koch Brothers subsidiary GOP (TM) for being utterly, completely worthless.
Arab Spring. Euro Summer. American Fall.
System Reset.
What caliber is your bootloader?
Small, local economies would be the best possible outcome. I'm hoping the former USSR and former Yugoslavia presage such.
Good to see you, brother. Great post.
Such a poignant statement. I had such high hopes that this was real. One wonders if it is still possible to organize in any way at all - in any sphere at all - without getting pwnd and punkd by tptb.
A fucking heartbreak. Hope you are well.
what a fucking great great week and it's only humpday.
Gold is very edible. It's just not nutritious.
Correction, when this is all over and gold prices are manipulated UP, the central bankers who hold all the gold are going to gobble up the world.
Alas, goodbye $1700's, we hardly knew ye
Arnold says, 'I'll be back!'
Bernanke looks like such a duche right now. Here all his minions are shouting for more QE and he sits on his hand and bluffs. The markets crash; gold spikes, and he is sitting on 14k tonnes worth of assets he could loan (minus however much is already loaned which is a lot). What is he doing?
He, by way of his handlers, is causing another panic. I am beginning to think that their is nothing more important to the oilgarchs than breaking the character of the status quo. Why else, when they could easily pimp the dollar and bring it to DXY 66. Look how dead the dollar is? There is no way it could rally at this point, nor any fiat. It is all dead.
So why not let it die? Why not bring on the rise of the corporations? There must be a war brewing...a real one...something is in the air...the oilgarchs have planned their next move.
The next move may be a false flag to go to war with China, but really, it is a war with America. Why has America been dragged into war after losing war? The fight is AGAINST America!
The British were jealous after having their ass handed to them during the civil war, but like gentlemen, they took their lumps of suger, and decried to fight another day. Now they, and all Dinosaur Kings, have wrecked the wealth of the middle class. They did not want anyone but themselves to have wealth, to have power. They are sociopaths, and psychopaths, and they care not for reputation. Their egos are in charge, and their egos are mean. Their war has come to this, and now they will go for the kill.
Save yourself- save your tribe. Buy guns and beans, yes, but take back your freedom by taking back your wealth.
Buy gold, and buy silver.
Great post, just one minor correction. The English lost the Revolutionary war, the Civil war was fought between the Confederacy and Union states.
True, a mistake writ, but, while I have the opportunity, who financed the Civil war? The banking houses of Morgan and Delano (yes those Delanos) and the muskets of the Rockefellers, and what team do they play for?
Every war since the Revolutionay war has been waged against Americans. Why? Because they wanted your gold.
Why keep this going? Why kick the can?
Very simple, the central banks can still buy gold at around $1800. When they have bought all the cheap gold they can, then you will see why they did so many illogical things to kick the can. Then you will see real gold prices.
When the central banks own everything, then you will get the change you were promised. Good luck!
need more gold.......and silver
Today is the day that Wanger is coming back -- I can just feel it.
don't say that, i don't think i can deal with the wanger twins
ahahahahahahhaahh
at least tradition is something one can rely on..
you can't eat it.
but you can forge a nice set of sharp teeth and sharp tools so you can eat everything else.
as ya'll know the century points of gold are hard fought. people like to sell at those points even if bullish. short term thinking i suppose.
Goldflation bitchez!
Don't be foolish.
Even for most of us who have physical AU, what the markets is
signaling it's something more profound and more sinister.
I hope everybody have enough food in your homes for a while.
The S.. already hit the fan, we are just seeing pieces of bits of it.
Analogy. We are the guy who was on the beach during the Tsunami in
Thailand just waiting for the wave.
Be wise and humble.
Tsunami coming? Head for the hills... I hear there's gold up there!
why no Crimex smash today?
Maybe they've got too many whirling plates on their sticks.
Goldman said its ok to 2500. Got to bait in the margin crowd then 5 Hikes and screw their own clients. SMASH. Criminals and collusion without any oversight.
Once again, the abstract gets very concrete. I want to thank everyone for helping me see the future. This is a great community
My thanks go to past and present Austrian economists.
My friends hang around here.
GOOOOO SILVER GOOOO :)
Looks like $1880/oz. may be the overhead resistance. The 89-week EMA for the gold/silver ratio is around 52, so this would correspond with a ~$36 silver price.
Scroll down through this newsletter
files.me.com/fransix/k95iib
Crude oil up; USO down
Grains up; DBA down
Market = shotsky
now that gold has gone to $1800 my hunch is that if it pulls back to $1775 we'll see posters commenting on how gold was crushed, taken to the wood shed, pole axed, monkey hammered etc etc ....
Well said.
I do think it needs to pull back a little bit. I think that would be healthy for another sustained run.
I hope it does I don't like to see it go parabolic. I'd like for it to be out of the news for a while.
same here. i like stealth rallies, although $250 to $1800 is not all that stealthy.
Parabolic is not good. Taking a breather and a pause to consolidate would be very bullish. Nothing goes straight up for long, then suffers just a great a fall. Lets hope its not a crash landing! Thats what the EE is hoping for.
Parabolic could elicit a gold standard announcement from the central banks and end this crazy market, but I can't agree that parabolic will end the way most parabolic prices end. This rise is not being driven by speculation. It is central bank purchasers and currency destruction powering this. It could go vertical for a long, long time. (And it will)
It is the underlying currency of all fiat currencies which are interest bearing. It's go nowhere to go but parabolic. As long as you mathematically represent it in fiat terms.
To put it bluntly. Gold doesn't give a shit about your parabolas. It's going parabolic and staying there.
Announcing an underlying gold standard is like announcing that you are going to use your real books instead of your fake books. They always use the real books no matter what.
There's always an inherent redeambility factor involved. If the certificates are not directly redeamable the market price will set the liquid to solid solid to liquid phase change valuation anyway.
This things going to let off more steam than a chinese laundromat. Welcome to phase change.
Kitco has been crushed, taken to the wood shed, pole axed, and monkey hammered this morning.
lol. i confess to a bit of schadenfreude.
It is a warm fuzzy feeling.
What happened to Kitco?
It's uptime was pretty sporadic this morning with lots of service unavailable.
There a loooong history of that. Could just be they get too much traffic on big days (just like zh).
Sorry Bastiat I was just riffing off what LJC said. I didn't mean anything by it.
The DOW is down 427 pts whilst the XAU is up 2%!!! Are the gold mining stocks finally waking up and breaking away from the equities herd? I hope so.
The dollar is burning. Europe is burning. This is only one refuge left for wealth: Gold (& silver).
SIlver finally breaking out too now.....
I guess people are looking at the only things out there that do not have risk (or at least less counter-party risk than stocks and bonds....)
Going to be a VERY INTERESTING couple weeks coming up....and then....JACKSON HOLE....
Anyone who BELIEVES...AS I DO...In the Silver / Gold as money concept had better already backed the truck up by September 1st...or it may be too late to get on board this motherfucker....
TO THA MOON BITCHEZ!!!
I guess my gold stocks are dead in the water until gold price comes down and the "Ratio Traders" have to unwind their XAU shorts and start running for the hills.
GDX/GLD ratio now sitting at 2011 lows:
http://stockcharts.com/h-sc/ui?s=GDX:GLD&p=D&yr=1&mn=0&dy=0&id=p77775107615
Meanwhile, check out gold in foreign currencies. Going absolutely apeshit!
http://stockcharts.com/freecharts/candleglance.html?GLD:FXE,GLD:FXY,GLD:...|D
Momo, I thought you killed yourself after gold soared and FOSL crashed. you must have lost millions on paper. LOL
meanwhile, care to offer any more trades we can fade?
btw: gentleman jim sinclair sends warm regards.
so too does the world's greatest central banker of all time. said he appreciates his one supporter.
Some people never tire of being wrong.
Robottrader
http://www.zerohedge.com/news/margin-calls-force-start-gold-liquidation#...
We had a record -1603 TICK at the lows today
Probably the end of the move for now.
Safe havens like gold and Treauries could sell off severly from here.
You can't have right people without wrong people.
Oh I just read through all those posts in that thread.
People only listen to me when I fart.
It's given to gold to die once. It never goes down again in double dip by any significant amount. The liquidation takes place during the first part of the depression. During the 2nd dip it goes parabolic as people scramble to pay in something real.
Wow GOLD is the new Treasuries. Fligh to Quality is really back.
Bonds are rallying hard too.
Plat_Investor,
You got it.Read an Indian newsblurg yesterday, about the prices of gold, and how the public was dropping out of buying, and scrounging family gold to sell at these prices.
Then he said the that folks were buying bars 50 at a pop....................so, he was not unhappy with the drop,as bigger buyers were coming in.
He also said, WHO NEEDS AMERICA!!!!!!!!!!!!!!!!!!!..............We Indians have GOLD!!!!!!!!!!!!!!!!!.
Indians always have had GOLD.
80% of their population owns it, and most of those, quite a lot.
Nadler come in...Nadler come in....
One, two...come in please..Nadler come in...
Hey, someone seen Jon Nadler?
"Yeah, Just saw him walking to the bridge."
http://is.gd/T2s57j
No way--that would imply he had some character.
Gartman is really pissed that he sold half his gold position last week. I vividly recall his comment on that. Poor bastard.
I gave up trading it last Dec, gold and silver. Returns are too good just holding and on a given day you can't know when the Comex will shift from market to crime scene.
Gartman was on World CNBS and said he's disappointed that he sold half but is still long and strong.
Circuit Breakers go away at 2:30, no?
Should be interesting.
Yes, the closing 30 minute trap-door: popcorn time some day.
ANOTHER (THOUGHTS!) 1997
Think that I a fool, because I trade gold for thousands US an oz.? You will think much on this in the future.
Need help?
And just think: when they raise the debt-ceiling again another 20% in 18 months from 17T to 20T, gold will track right on up to $2340. Currencies, everything, is being devalued, hidden in plain sight.
18 months? You are an optimist.
Is Banque de France buying this stuff ?
My guess is that gold mining stocks will not follow the physical. As gold gets higher, also higher goes the rik of nationalizations in the mining industry.
Get physical : http://www.youtube.com/watch?v=vWz9VN40nCA
Risk of nationalization depends on the country. Some are smart enough to know they can't run a mining operation. Real smart ones are in for a cut of the GROSS.
and Canada TSX is just about to go green after having trracked SPX for much of the past week
The usual safe havens are once again rallying: Bonds, USD
Gold is now joining the bunch.
Great, but: Just a word of sane common sense: "All parabolic moves eventually break down." (Jim Rogers, uttered before silver was taken down from $50 on 5 successive CME margin hikes.)
Well, what he omitted was that before all parabolic moves break down, they continue higher, steeper and faster, beyond any of the players wildest imagination.
He also omitted that that trading rule regards speculation, not global financial and monetary collapse. Until this hurricane ends, gold has a one way price. You WILL see it go vertical, for weeks.
Well this parabolic move will be fueled by all of the central banks in the world buying gold, as well as the soverign wealth funds, and more importantly, the destruction of all fiat currencies.
That little rule of thumb about parabolic prices and gold being in a bubble propaganda is being rolled out to keep the public from jumping in.
This is not a bubble. The forces driving this cannot reverse themselves. Gold prices cannot crash anymore than the USG and all the banks can miraculously become solvent. It ain't gonna happen.
They got a fever and it's more speculation!
More cowbell...golden cowbell.
Coffee Party
Gold Party
Silver Party
Tea Party
The new face of the US.
Physical gold holder here. I am very nervous. All parabolic moves end in tears.
No need to be nervous with physical unless you need to sell some.
Refer to my comments above distinguishing this from a speculative move with parabolic prices.
If you stay in trading, you will feel the same in your next super profitable trade. It is a human thing to feel unworthy of great profits and sell early.
If TPTB were really in control of gold prices, gold would be under $200. They are insolvent, and yet they are buying it, forcing prices higher. In fact, all the central banks in the world are buying it. That's all you need to know. They attack gold and silver over and over again, using titanic forces and every dirty trick available, and they have failed to hold each line in the sand. Until everything collapses, what is going to stop this? Upon the collapse, what is the safest thing to hold?
You either want to be successful or you do not, but you cannot trade without conviction. MAKE them take you out of this trade. MAKE the price take you out. They tell you in trading school that you must cut your losses and let your winners run. They forget to explain that this requires you to become comfortable with giving profits back. You can't trade in fear of marginal losses. If you are holding PMs, you must already be in the black, let your winners run.
How are those $115 GS warrants doing Warren?
....not as good as they were in July
Gold up for a big correction?
Yes: Correction for years (decades) of UNDER-valuation. There is a huge need for gold in the world today
But a dip like silver in May? Nowadays anyone rushes for gold, might be overbought in the short term. Some shake-out and then the bull runs further.
No. The central banks control this market. They need to buy, so they are trying to keep the prices down. Their methods are failing to produce the dramatic drops of the past. My guess is that as the trend steepens, as it did in early July and again steeper this week, the central banks are becoming more frantic and frontrunning each other to buy. The conspiracy to hold down prices is losing control of the co-conspirators and they are back stabbing each other.
Hmm sounds good. But the CB's don't control anything since they sold much of their gold last few years.
Gold was just waiting until Europe closed. Too much action going on in the French & Italian banks to pay attention to gold in the morning. Now it's off to the races (again).
a monetary revolution is brewing at www.silverrevolucion.com
touch me
feel me
heal me....
the Who....
am sick of this shit rolling over and over again, damn I just want to live a normal life
None of us are going back to the lives we lived before this began.
A normal life will have to adjust to the new normal, and it won't be long in coming.
"Ooooh Manny, looook at dee pelican fly! Go pelican!"
Thats it Lads
you heard Cap'n Tyler, keel haul the friggn lot of 'em
Europe closed. Time for the robots to start churning.
Someday, maybe soon, the comment 'Europe markets closed', may have a different meaning. Then what do we do, play golf all morning?
Here's a scary view of the CAC damage, but that round number support at 3000 today is an idea whose time has passed:
http://finance.yahoo.com/q/bc?s=%5EFCHI&t=2y&l=off&z=l&q=b&c=
Strange thing, now that the economy is tanking and gold is rocketing, i'm feeling the "wealth effect" that greenspan described years ago. I think I'll reward myself with an Iphone5, an Ipad3 and an Airbook as soon as they can be covered by one ounce of gold, last time i checked, they are worth $3,000
true, i'm as excited as the next guy. yet i think the best is yet to come.
2500+ was the adjusted all time high.
My question is what is the adjusted DOW 08 low in inflated dollars today?
$2,500 inflation adjusted is underestmation and it doesn't account for the following
1) it's based on BLS official CPI, not the more realistic "alternative" CPI
2) it doesn't reflect the drastic increase in money supply after the 2007 meltdown (from 800 billion to 3000 billion!!!) There's usually a lag of 1-2 years between the money printing and the overall price increase. The money printed by the bernanke to help tbtf balance sheets won't sit on bank vaults forever. In fact, the Banks are sending out a lot of credit card applications nowadays. To me, it's a sign that the QE money is rapidly trickling down. How much? qe1 = 600b (?), qe2 = 600b, fractional reserve x10, 12 trillion!
Plus, we'll have Jackson Hole and QE3 in a few weeks, in order for QE3 to achieve the same effect of QE2, they need to increase the dosage to 1 trillion
At which time fresh baked loaves of bread will go parabolic.