This page has been archived and commenting is disabled.
Gold Flash
Spot Gold just fell out of bed with a small jolt taking it back to unch from early Friday trading. The move does look eerily similar to last night's 'flash crash' style drop though recovery from the current move is less ebullient.
Chart courtesy of Bloomberg
The main driver of the move seems to be chatter about Japan not following the competitive devaluation path of the SNB anytime soon (in favor of a package of measures related more to monetary policies) though anything goes at this point (and especially interesting given our earlier post regarding the topic).
Was it a European bank selling more gold to fund itself? Hedge fund liquidation? Hillebrand needing some funding?
Silver also went bidless but has recovered most of its drop.
Chart courtesy of Bloomberg
Update: looking around FX, credit, rates, and equity futures - nothing else seems excited by this at all...WTI dropped a few cents but that was it.
»
- 18270 reads
- Printer-friendly version
- Send to friend
- advertisements -
Oh fun
Keep up the manipulations boys. You're just making it cheaper, during a longer period of time, for people around the earth to buy in. You see, in the end, the water leaking out of the dike is gonna buss. So, keep poking the dyke, bitch.
Put your hands behind your back!
Birmingham 6 - Police Statehttp://www.youtube.com/watch?v=8GCEaJFWlbc
By the way, where did Zero Hedge Radio go? Albuterol was my fav.
.
Why Don't US Treasuries EVER Flash Crash ? ??????????????
GOD FLESH! Because they are a SAFE HAVEN - like where you park your boat when Hurricane Kaitika is about to kill Bermuda.
to quote olivia newton john:
IT'S TIME TO GET PHYSICAL, PHYSICAL.
AH! I get it! Like what Fort Knox is for gold, treasuries are for digital money.
9mm, ..45acp,.223, 7.62x39, .308 prices steady and rising (up over 150% in last ten years). "Brass and lead, the other precious metals".
I'm sure this will be promptly investigated by all pertinent regulatory authorities. /sarc
AS LONG AS YOU HAVE PM'S IN YOUR HAND, WHO CARES IF THEY MANIPULATE THE PRICE. IVE BEEN ON ZH FOR LESS THAN 72 HRS AND IVE ALREADY LEARNED ITS REALLY EASY FOR TPTB TO DO WHATEVER THEY WANT WITH THE 'WORTHLESS PAPER' THEY KEEP TRYING TO SHOW PAPER HAS VALUE. DONT PANIC!!!! IF YOU SELL YOUR PHYISCAL, THEY'LL GIVE PAPER FOR IT, AND YOULL NEVER SEE IT AGAIN!!!! MAN UP, THIS A PLOY TO GET YOU TO SELL, SO THEY'LL GET IT.....PICK YOUR VAGINAS OUT OF DIRT...AND BTFD...
BITCHEZ!!!!!!
No, no, no, ALL of you guys have it completely wrong.
Gold is crashing because I bought some on Tuesday.
That's why!
:-)
hey, bearing. au at 1845 now....was at 1920 not to long ago. a move of 75 bucks. crashing, flash crashing is more like it. just hold on brother. NO FEAR. ill get scared when the IMF stops taking gold as repayment for loans.....thank you for the support.
Nice to have a fellow market mover like myself. I remember buying at 330 and watching it fall to 315. Since then, I continue to amaze myself being able to cause falls in the price. Somehow.... I keep buying. I guess I am an idiot.
I've bought every top since $270.
I accidentally bought a dip once.
YEAH!
and buy some beer and smokes for the ingnorant hordes of family and friends and their co-workers, because the only hope they have will be you! ...after the fans motor has stopped working because there is too much shit on the blades.
use the people for your new "security team"
pay them with smokes
reward them with drinks
Strange how gold crashed a few minutes prior to the announcement that the Swissy was going to be pegged to the Euro... Gold dropped $40-50 when news of the Swissy should have lifted the price...
Now we see another decline on 'no news'...
Coordinated manipulation... Some weak hands will be shaken out... Be right, sit tight.
I believe there are some margin hikes coming on Friday.
Chinese dump a little, to buy more for less. The only question is, how long will it take them to convert their stash of FRNs and T-bonds into a stash of Au?
Prior to that mini crash, Gold had been shooting up.
Mebbee those holding francs with knowledge of what was coming, had been buying gold with those francs, till the franc itself crashed, and maybe they were the primary buyers pushing gold up until the news broke.
This reminds me of the Sunday Evening Massacre in May.
When I was a kid I had to lick the road clean with my tongue. TONGUE! You were lucky to have a tongue. Our father used to slash us to pieces and dance about on our grave singing HALLELUJAH.
Now you were lucky. At least you had a grave! ....
Props for the reference, and extension, of the Python "Yorkshiremen" sketch
I wonder what piece of bad economic news is soon to follow?
yes i wonder myself.. as this market trades on news the public gets 24hours later ..
NEWS FLASH: Gargamel Bin-Bernanke discovered how to make gold in the Princeton Haydron Collider. Just mix paper and water and ink and press GO - Einstein does the rest and voila, Gargamel shits gold into the mens toilet of Nassau Hall where he uses tweezers to extract the element.
If you've never shit in Nassau Hall, Princeton University, you have no idea what I'm talking about.
they probably need to withdrawal from the gld tomorrow
volume was above average today....look for another couple tonnes to leave tommorow on heavy volume
Margin hike?
Margin call
Liquidity crunch. Hang on!
Liquidity crunch....What a crock
So everyone is going to rush to the demands of their banker ? and pile into the worst currency and bond market on earth ?(USD)
Defaulting is a hell of allot easier and as we can see from the 400 million people involved in the Asian financial crisis in 1997, all of their currencies FELL by 40 or 60% while they defaulted
Well, it's all about yields and relative fiat value.
USD yield circa 2% for 10 year bond.
When you default, well a 50% devaluation is the only way to make your country "competitive" and balance trade deficits.
This is something most cannot understand from USD, the US has unlimited supply of USD, courtesy of its reserve status.
No other country has this advantage (well other than Euro, Yen)
US may default, devalue or whatever, but not just yet.
Turn on the presses!!! (But low enough to get syphoned by zombie banks and leave economy anemic).
who knows.. was some fun trading for about 5 minutes there
Someone is front-running the end of the fear trade.
So tell us Bennie B, what is going to bring the sunshine, unicorns, and Skittles?
<----- Gold asteroid hits Fukashima.
<----- Bernanke hits Powerball, says adios bitches.
+ 1 <----- DoChenRollingBearing just bought gold.
"Dropped 4 flights and cracked my spine,
Mommy come quick with the iodine!"
Buying opportunity. All major currencies are going down.
SNB/Fed shorting gold.
good luck with that.
Paper gold ETF fractional bullion ponzi futures market defaulting. When the print price of gold crashes, that means physical is in the process of a 4000% move.
With everything pointing to gold shooting through the stars (except for the move back into USD) , could it be a nice bull trap considering the pace of the move to these new highs?
I think you might be on to something. With sentiment readings 98% bulls, who would have thought gold was due for a correction? Gold, like silver and oil and other commodities and equities, does actually move up AND down. It's been a crowded trade for a long time, I would expect further corrections.
But maybe I'm just optimistic because I want to load up on some more physical.
Any price below 1700 would be mouthwatering!!!
Only if you didn't throw everything into the pot with your father's inheritance when it was $246.
Was the $1.25 raid in silver and $50 raid in gold an attempt to take out Wynter Benton group silver stops? Absolutely no news to trigger the moves, and Wynter Benton posted their latest merely minutes after the raid.
Ben Davies mentioned interesting timing for dip in gold just before the "Swiss suicide peg". You need to confuse people (don't want them to think there is any safe haven left standing. I mean gold should have moved through $2k (ushering in the apocalypse).
Total coordination using some big guns. Pretty steep waterfalls there.
Btw the wynter Benton "60 day implosion" date comes to, wait for it, 9/11.
Yes, cheap theatrics, but long on the entertainment value. 9/11 falls on a Sunday, so maybe Monday 12th JPM implodes.
ooooooooooooh (ew)
nice correlation
Don't they have to reach $36 in silver to be safe, seen that last $36 was seen on 07/12 ?
Quite a long way to go, and armies of buyers all along the road
This will be an interesting 3 days
BTFD
BBTFD (Bought Before...)
Works like a charm every time I buy.
Next time I'll be a swell guy and let you know in advance!
Now I just wash my car in the rain.
Any price below 1700 would be mouthwatering!!!
I'm in at these prices,... here's hoping...
any thing $50 or less,... is good for me....
Never thought I'd look forward to China's participation in the markets, but I actually want the Pan Asian Gold Exchange. To hell with these manipulators.
"Rather than Love, than Money, than Fame, give me Truth."
- Henry David Thoreau
http://www.youtube.com/watch?v=iwmwGiM7XEk
Gimme Some Truth - Generation X (Actually it is a John Lennon song)
Henry David Thoreaux was a John Lennon song?
Short truth. Long consequences.
The operative word being :
BID LESS
Do you all get that? I don't think so. No matter how bullish you are on PMs, the term BID LESS gotta scare you!
theoretically there could be a day where no gold exchanged hands, but i doubt it would be because it was bid-less
i'm keeping all of mine
Yeah, I can understand why a contract price will go BID LESS when the counter-party cannot deliver.
No what scares me, is the markets have become completely illogical. They are breaking down rapidly. Wild swings like this (gold) and stocks, it's good for me swing trading, but they are becoming more rapid.
Remember what they say, 'small coincidences usually lead to a major event'
Something major is brewing.
About Illogics and and hidden flaws: http://www.youtube.com/watch?v=ztfmCOAJTWA#t=2m04s
All they have to do is sell enough, quickly, to overrun the buyers. Being bidless just shows the size of the manipulation. I'm not scared.
If any asset goes 'bidless' it goes to zero. Gold has never gone to zero... But zillions of pieces of paper have gone to zero... Regardless of what was written on that paper.
Not for those who understand the difference between physical and paper.
Especially those who predicted downward volatility and divergence between the prices of paper and physical.
The sooner those phony exchanges are abandoned, and the paper price hits zero, the sooner we will see true price discovery. Of course, I want to put that time off as long as possible, so people can accumulate as much physical as possible.
must be in danger of losing it's AAA+++ rating
oh wait, guess that would make it rally right?
There is a launch window in 31 days, when Earth is in the proper position. There is enough fuel on board for a low- consumption route that will enable Discovery to return in 28 months. This will not present a problem.
http://www.youtube.com/watch?v=ef8PUzxi9EI
Well, I think HAL's record speaks for itself...
Big swings to be expected.
For the time being the price looks indecisive around the 61.8 fib
I'll take Wall Street corruption for a $1000 Alex...
Bay and Slav-
Two seasoned vetrans who've seen this shit many times-
Like every three months for the last 8 years. Glad to see you are still around. I am happy with the digger action of late although I'm sure given a chance the cowardly or overleveraged will be flushed out of their GG, ABX, and IMG one more time. We may be getting close to some sort of mania as a 25 yo chainsmoker in my family just quit and is using her savings to buy bullion! As long as she stays away from gold miners I think we've got a ways to go. Up 50k in 2 months while the DOW tanked. This is getting fun.
Ding-ding-ding! You've hit a daily double.
"I want to go all in Alex."
The market is overbought and the animal spirits of unbridled capitalism are working hard to put the POG back where it belongs. Since the forces of state sponsored terrorism, racism, and protectionism keep sending the price up where it has no business being, a selfless white knight is acting in the place of the invicible hand of supply and demand who seems to be on vacation these days. Seven or eight more 1 minute $70 takedowns and all the naughty little long speculators will return to bank stocks and treasuries where they belong.
Yeah, because BAC's one trillion in garbage U.S. mortgages is a good place for your retirement dollars. Guaranteed BAC gets rescued under Dodd-Frank. Also, pension funds love giving away basis points to HFT. Pay no attention to Texas University pension fund hording $1 billion in physical gold.
What mechanism is being used for these dramatic drops? Is there anyone in zerohedge land with access to the secret real time feed of who is doing the shorting or physical dumping today?
The REAL explanation is even simpler than that.
"They" send someone to follow me around. When I buy some gold, the lackeys then advise TPTB, and they bash it!
Threre is no way to prove it, but I suspect that a central bank or banks have leased some gold into the mkt via some bullion bank or banks.
What else could cause such a large move in a mkt that should be going up on news of the Swissy peg?
More manipulation to shake out weak hands and paper longs... JPM, HSBC shorts were in deep trouble and needed serious help to rescue their short positions.
The exact same thing happened last year. I remeber after getting all my summer buying done and then I seen some odd moves down for a few days in Sept. The run is about to begin.
those wascally banksters are up to their old tricks again....
We could take a dumb guess and say it was Swiss holders selling GOLD to cover currency losses, or
BTFD
Well, I do not think you understand. Gold dropping from 1920 to 1840 is not what we need to be concerned about at 1 AM NY time when it is obviously easy to move almost any market. How many times have we stated that there will be volatile moves of 150 dollars or so up and down. That is the nature of the beast. That is why you must never be on margin, never. Just be patient and you will see "BID LESS" again and again, but not in gold good sir, not in gold.
This has been going on for years now for us. Why should it all off a sudden move in small amounts. Just as the system is starting to implode!! Gold, silver is not for all. But it is for all who want to preserve at least part of their hard earned wealth.
Yes. It is easy to get caught up in this drama. If I take a few minutes out and reconsider whether I'd rather hold a precious metal or a sovereign debt instrument, my uncertainty disappears. How would I feel abount holding a swiss franc CD today? Thanks so much! Jim Rickards is right. They will end up on gold because nothing else works.
China printing/easing speculation. So you got an equity pump, say three days max. SNB money printing, fuelling risk on. I think gold will be tossed around on volatility with arb trades against equities. But concerning, the markets are looking more and more doomsdayish
purple is the new pink
trillions are the new billions
100 dollar daily moves in gold is the new 300 point daily DOW swing.
once again ZERO Hedge top ticks with its call for 2000 plus gold.. double top with the failure at 1911.. 1500 before 2000
Probably true for now. Tyler rides a golden dildo dontcha know?
Let me back it up a little. I don't like one sided trades and as for gold every motherfucker who can afford a gram of gold is on board. Those who cant are buying asswipe, food and water, shit that they can actually, eat, drink, and wipe with. If TEOTWAWKI comes and you want to trade gold for my small amount of ammo I'll put hot lead up your ass and then I'll have gold and ammo.
So do you have your name change ready ? Because your credibility is about to go right out the window. The strong gold seanson is days away.
I wont change my fucking name. I'll take my medicine and go long right along side you if the recent highs are taken out. I dont have to be right but I also dont like one sided trades, I dont give a fuck if its gold or stocks or pork bellies motherfucker.
See the lines in the ubiquitous Cash4Gold stores? Don't worry sonny, lots of sheep to take the sell side. And then they'll be back on the buy side when it hits $12,000.
Considering its September and all the "double top" experts are out of the woodwork, one of these clowns must be Jonny Bravo.
That's what Jonny Bravo said too.
'pork bellies motherfucker'... is this a new asset class?
Every trade looks one sided when you only watch one side of the trade, dumbass.
Institutions fucking HATE gold. No-one on the street owns it.
You are making the classic dumbass anti-PM troll mistake of thinking that the ZH comment section is somehow representative of public sentiment.
Usually one or two 3-4% bumps and it drops 15%. Gold is acting mighty stubborn these days. It does look like the shorts are winning this battle but I'm thinking that there are a million Slavadors waiting in the wings to buy double fisted at $1700/oz. I am pretty sure I will not get this gift but the powder is dry...
Thanks for providing the much needed doubt for this market to get to $2300 by December.The same thing happend last year when I bought at $1255.
If it breaks the recent highs count me in. And quit blaming every goddamned down day in the metals on cme. You're beginning to sound like the goddamned cnbc cheerleaders in reverse.
7K contracts dumped in a minute or two. Sounds like a reasonable hedging strategy.
Get real. Manipulation doesn't get anymore blatant that this kind of ridiculous bullshit.
Swiss pegs currency and gold falls $50 in 30 seconds? This is a no brainer. Why bother with a conspiracy when doing obvious shit, right out in the open confuses the average sheep-man.
Sorry but the loonies are right. Hate to say it but every day shows GATA "crazies" were spot on. Facts, just the facts.
I never said fuck all about the CME. This is just a little shake out that scares weak hands like you out of the market before the next move.
Ill give you $1500 if youre right if you give me $2000 if Im right sir.
I understand that people start gambling on rumors once a market starts to get frothy...
Whats Rick got to do with it?
What with the SNB about to send yeilds below negative? Those idoits are going to get a wave of inflation starting now. As will the rest of Europe: If oil goes bid.
Three days, maybe less, stocks rally, then gold is bid again. Back and forth till a central bank becomes insolvant.
The global economy is totally f*cked.
A mentor of mine, who got me into gold and silver 10 years ago (bless his heart), told me long
ago how gold would go up in three stages. First stage, he said, would be a long steady rise for years.
We have entered the second stage, which will be very volatile with moves of $100 a day up or down
commonplace. It's in the third stage that gold goes ballistic with market halts, miners being brought into
the fray. At this point, physical gold will become very scarce, as wealthy people will pay a large
premium for it. At some point, silver will join in and eventually surpass gold percentage-wise.
He also said that before the end of the decade, the gold price would pass the Dow. Years ago, I thought
that was too extreme, but now I'm not so sure.
Gold and silver are going so high it's going to blow your fucking minds.
Unlike the 70s, when it was only the US driving the market, we now have Chinese and Indian middle class.
The global amount of paper "claims on future wealth," (fiat money, debt instruments, derivatives) is truly staggering and growing exponentially. It's all going to collapse (the value collapses as the units expand), and much of that value will be captured in monetary metals.
The collapsing debt bubble will fuel the PM bubble.
It will be so far beyond what people are predicting.
This action in gold is making me quite nervous to be honest, potential double top may have been confirmed today. I should have known as my confidence in my investment thesis has gotten too overwhelming lately and Mr. Market always loves to punish hubris.
That was the same "double top" that Jonny Bravo was talking about last year almost to the day. It was 1265 or something.
I hope I'm wrong not only because I've got a lot riding on my gold centric portfolio, but because I want this terrible system that pervades the world to come to an end so we can be free from the overwhelming greed of a select few across the globe. Although my conviction remains, something about today's action scared the shit out of me.
I want this terrible system that pervades the world to come to an end so we can be free from the overwhelming greed of a select few across the globe.
The idea that the collapse of this specific corrupt system is going to lead to the creation of some far better system is what should be making you nervous. Things don't work like that.
There's never peace/freedom/justice. Just swings toward and away at any given moment.
So many folks here spend a lot of time pretending they're cyncial. They can't really be, if they've bought into the idea that there's some grand "solution" to all this shit.
What's worse--the simpler the "solution" someone espouses, the stupider you can conclude that person is.
Very True
Agreed. So many in the West seem to believe there is a system that will provide an easy, pain free existence where there is no toil or sweat and every one gets their "fair share" and what they "deserve." Hence the old saying capitalism is not great, just better than the alternatives (understanding few if any actually practice capitalism).
"Simpler" solutions are not better because of their ability to solve all ills, but because complexity seems to create a lack of transparency, a bureaucracy more ripe for abuse, ineptness and inefficiency and elevates the omniscient governing central planners who likely possess below average intelligence and could not survive doing real world work (see US federal government).
"Simpler" solutions = fewer unintended consequences.
Actually Blunderdog,
the pretended cynics are those who imply cynicism means something much different than being skeptical of the motives of others.
Being 'miserable' or 'resigned' for having the alleged insight 'this is the best of all possible worlds' is not cynicism, but fatalism.
It is similar in many ways to the 'happy' Pollyannas who believe this is already the best of all possible worlds.
Bulleri... Consider what brought you to PMs to begin with. None of those fundamentals have changed.
Central banks knew that the Swissy peg announcement would drive gold over 2000 per, so the gold dump into the market minutes prior to the announcement...
The dump is being bought or the price of gold would have plummeted...
Be right, sit tight... Nothing goes up in a straight line.
I hope I'm wrong not only because I've got a lot riding on my gold centric portfolio, but because I want this terrible system that pervades the world to come to an end so we can be free from the overwhelming greed of a select few across the globe. Although my conviction remains, something about today's action scared the shit out of me.
You have to be prepared for pullbacks, in the hundreds of dollars. Don't sweat the day-to-day, gold and silver are the two things these goddamn bankers cannot print in unlimited quantities. Would you rather own Francs, where by the push of a keystroke some fat banker cuts you by 10%?
Also, if you are that nervous, almost by definition you are too heavily invested. If you can't sleep, you've got too much at risk. So why not take some profit, sell down your position, and stay in the currency of your choice? Or get a bond or divvy paying stock with a rock-solid balance sheet.
Sleep >>> everything else.
I still strongly believe we hit $1650 on a pullback than off to $2k by year-end, but don't stress unless we break $1650, that is very reasonable support, I am long Dec 1700 puts, very long, bought a bit higher, ~$30 but doubled up at ~$19, so avg. is $25 and expect to sell near $75 patience is a virtue
Dan Norcini, who is a Saturday regular on the King World News "metals wrap" and has his own blog is one of the best at providing clear and salient commentary on the markets. Of late he has predicted large price swings; and talks about the big players trying very hard to paint a double-top on the GOLD chart. If the algos are written to react negatively to this kind of technical chart event, then it may be enough to trip a quick sell-off. http://traderdannorcini.blogspot.com/
Switzerland's self-destruct CHF play now removes a 'safe haven' to park capital, so this certainly could put more demand on gold, and with the more obvious Eurozone problems getting out into the real press, uncertainty will abound. That's pixie dust for gold, IMO. Remember that the captain has to maintain course to get to port despite the size of the swells and direction the wind blows...
Simple answer: China!!
Want to know who is calling the moves? China!!
Pay attention to: China!!
Looks like it is going to start another wave down:
http://www.oilbull.com/gold-chart/
Starting to look real this time. Quick, somebody tell me something to tell my wife when she asks about it in the morning. Just buy more?
Tell her you want some pancakes with your coffee
you say `Honey, SHINY just went on sale. :)))
Tell her you want eggs benedict, fresh strawberries in cream and bananas Foster...
I am 62 years old. between 1949 and 1970, the first 21 years (1/3) of my life, gold prices were always below $38 dollars per ounce. The fact that now it is $1800 and fluctuates, forty dollars, more in one day than it used to cost for a ounce, speaks for itself as a storehouse of value compared to the dollar. Rufus
bend over??
just give us more time, ben, please....to
BUY,BUY,BUY...
more PM's
the more we have, the better off we'll be.....
1500!!, anywhere near that and I empty out all the confetti I can find and finish my quest. But, I doubt if we will get anywhere near that. and as far as top ticking. All I know is that my "tops" keep getting fuller and fuller. Yes, once again, Zero Hedge calls it right. And I do believe that "double top" will not hold and that chart will fail....and soon.
Good night.
Do not be nervous holding gold, silver. Remember why you have it. Not to trade, not to look at, but to preserve what you have worked so hard to keep. So many calling a double top now. How can you possibly be rational with the charts when you think about what is running this country and the rest of the western world. Would the chart have worked this morning after the Swiss woke every one up. I always work with my charts but to trust them in this environment, that is a tough call.
^ This.
I like to look at it too
'Do not be nervous holding gold and silver'
That's why you hold PM's...So you can sleep at night..
It's about the ounces not the arbitrary price of paper gold,
which can be manipulated from time to time.
Take advantage of those times to add to your position.
I've been all in on gold and silver for 10 years and when gold
pulled back in 2008-2009, I was delighted to add more at bargain
prices. Back then, central banks were selling gold, now they are buying
like there's no tomorrow. Any sell-offs will be followed by aggressive buying.
As I see it, there's never been more of a sure thing than PM's are now.
Considering the track record of central banks, I take their buying as a signal that a near term top might be in.
But I don't know anything, just a dumb country boy trying to survive. And hoping that PMs drop some more so I can load up.
These flash moves look like someone deperately trying to elicit a selling panic so they can get out of their short positions, only they are not having much luck.
This manipulation is just so funny now.
I don't even worry when gold or silver go down. I just kick back and laugh.
Gonna smoke a spliff right now.
I ain't trippin'. I know the Illuminati is just trying to get as much money as they can before the SHTF.
It's amusing, no?
They've improved the waterfall bot. The slope is perfectly down, with very little warning.
Notice the nice steep bounce up...
It is amushing... especially watching the Yen strengthen against the other confetti...
Gold is what all confetti is measured against. Of course the central banks are going to try to manipulate gold price down... Gold/silver are making their confetti look like crap.
Whats wrong with you people? Has the US and Europe suddenly all fixed themselves up. No more deficit, debt, risk or money printing? Or are we all waiting for an inevitable dive to the bottom of the sea?
Nothing is changed even if manipulators are at work, or some need to liquidate in a hurry, or paper gold has lost its sheen...
The way I read it they are all fucked on the precipice. Gold is insurance.
Dont worship anything. Gold, Silver, Corn, Wheat, frozen concentrated orange juice, real estate, or pussy. Get ready to get out of any of the above when the time is right, because THIS FUCKING TIME ITS NOT DIFFERENT. And yes I am going to open an exchange that determnes the price of pussy, you heard it here first so don't steal my idea you fucks.
I'm gonna email your idea to Max Keiser.
It's gonna be bigger than his "Hollywood Stock Exchange".
Then I'm gonna take my profits and buy more gold.
Max is a pin head.
If we can redeem paper pussy into physical pussy, I'm jumping into that market.
Pussy will be IPO'd in 15 min time increments let the bidding start at mmm, lets say 30 dollars per 15 minutes, not that I have any idea how to price it. Any bids for pussy at 30 per 15/any offers?