• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Gold Has Had Enough With Europe's Stupidity; Surges

Tyler Durden's picture

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Thu, 11/03/2011 - 07:56 | 1840195 Fips_OnTheSpot
Fips_OnTheSpot's picture

Roooocket, please!

Thu, 11/03/2011 - 07:58 | 1840207 Talleyrand
Talleyrand's picture

Easy does it....nice and steady...week after week.

Thu, 11/03/2011 - 08:49 | 1840528 Bicycle Repairman
Bicycle Repairman's picture

I used to believe "nice and easy".  Enough already.  Let's get it on.

Thu, 11/03/2011 - 10:21 | 1841163 GetZeeGold
GetZeeGold's picture



Just buy gold and let someone else figure it out........realizing that no one will.



Thu, 11/03/2011 - 08:01 | 1840220 qussl3
qussl3's picture

When everything looks like crap and liquidity is avaliable gold will rise.

But if that liquidity stops, paper gold is going to take a dump like everything else.

I want cheaper physical, someone pull the damn plug already lol.

Thu, 11/03/2011 - 08:12 | 1840254 Belarusian Bull
Belarusian Bull's picture

We all dream of deflation... But printing press does not need to rest.

-Full speed ahead!

-Aye Aye captn Bernanke!

Thu, 11/03/2011 - 08:02 | 1840226 fnord88
fnord88's picture

Gold is the wierdest investment. I own it, but want it to go down so i can buy more.

Thu, 11/03/2011 - 10:37 | 1841262 GetZeeGold
GetZeeGold's picture



I know people waiting at $300oz.....they're still waiting.



Thu, 11/03/2011 - 11:21 | 1841575 SilverRhino
SilverRhino's picture

I skipped my regular PM purchase this month and bought a REALLY nice new pistol instead.   P14-45 limited.  OMG I am in lust for metals :-)

Thu, 11/03/2011 - 08:08 | 1840237 Belarus
Belarus's picture

JEEZ,  what sensationalism. Gold is up 1.26% while the DAX and CAC is up 2%. Just sayin'. it looks like equities have had enough with Europe too, and equities are going to blowtorch all the shorts again and again and again. 


Thu, 11/03/2011 - 08:46 | 1840505 optionsoptions
optionsoptions's picture

LOL. Replace Tyler's wet dream of Gold with any stock and you can see how ridiculous these posts have been.


NFLX "SURGING" in premarket up $.81 (0.97%)

Thu, 11/03/2011 - 08:50 | 1840540 Flakmeister
Flakmeister's picture

Your point is taken, but Gold is a currency not an equity, dingleberry, and in that context 1% is a large move

Thu, 11/03/2011 - 08:56 | 1840608 optionsoptions
optionsoptions's picture

I know you want Gold to be a currency and I wouldn't mind either. But USD, EUR, CAD are currencies and 1% moves are big.


Gold is a precious metal and 1% moves are par for the course.



Thu, 11/03/2011 - 09:09 | 1840697 Flakmeister
Flakmeister's picture

The fact that Central Banks hold Au reserves and not NFLX shares puts lie to your statement.

Thu, 11/03/2011 - 09:53 | 1841007 optionsoptions
optionsoptions's picture

Here is what we were talking about:

1% moves in gold is no big deal. This was my opinion.

You said Gold is a currency and in currencies, 1% moves are a big deal.

I said you may think Gold is a currency but it is in fact a precious metal and moves of 1% are no big deal.

Lets say for the sake of arguing that Gold is a currency. A 1% is a big deal for all currencies (except for Gold) which still makes your argument wrong.

A 1% move in Gold (whether you think its a currency/preciousmetal/beaniebaby/pog slammer) is not a big deal

Thu, 11/03/2011 - 11:04 | 1841461 Libertarian777
Libertarian777's picture

Gold is MONEY. It is not currently a currency (except for your $50 eagle).

Thu, 11/03/2011 - 11:18 | 1841561 steve from virginia
steve from virginia's picture


You have no idea what central banks are holding they have plenty of Netflix.

What do you think causes the markets to go up? Santa Claus?

Thu, 11/03/2011 - 11:33 | 1841659 Flakmeister
Flakmeister's picture

They very well may, but they certainly don't advertise it or claim it on their balance sheet..

Thu, 11/03/2011 - 09:18 | 1840769 gmrpeabody
gmrpeabody's picture

Try as you may...,

You're going to need some help dislodging foot from mouth!

Thu, 11/03/2011 - 13:50 | 1842372 silverserfer
silverserfer's picture

when all the shit mist settles out of the atmosphere, gold will be the only stable currency. Gold is truth. TPTB know this are are going to short the shit out if it untill that inevitable day comes. I will bet my life on it.

Thu, 11/03/2011 - 08:50 | 1840554 Pladizow
Pladizow's picture

Are your precious stocks rallying after an 11 year bull market or from decade lows?

Thu, 11/03/2011 - 08:57 | 1840624 optionsoptions
optionsoptions's picture

Please don't mistake me for a gold hater/equity lover/whatever.


The truth is sensationalism about 1% moves in gold don't do anyone any favors.

Thu, 11/03/2011 - 09:18 | 1840770 Belarus
Belarus's picture

I made 2500% on General Growth. I own Gold too. But if you want to make the most money: you have to look at stocks. 

Thu, 11/03/2011 - 09:48 | 1840988 therearetoomany...
therearetoomanyidiots's picture

How much did you make in 2008?  The five year chart on that looks pretty hot. 

Thu, 11/03/2011 - 11:06 | 1841482 Libertarian777
Libertarian777's picture

you don't make 'money' on gold, gold preserves wealth (one of the fundamental functions of money), since gold is itself money. Ironically this is the argument of the anti-gold crowd, that gold doesn't give dividends (i.e. has no return). Well it doesn't need to have a return, its sole function is to preserve wealth.

To make money / earn a living, you have to either put capital at risk (in the stock market, real estate market, small business or whatever else), so yes, you'll make more money on a (correct call) on General Growth than on gold.

Thu, 11/03/2011 - 15:39 | 1842394 Hook Line and S...
Hook Line and Sphincter's picture

Agree, but you need to couch this statement in accordance to the area of the fiat cycle you're in.  

Historically, those who move in and out of AU, timed to monetary destruction do quite well. 

"Stock, Real Estate, Small Business"... we haven't heard the splat as yet. 

The untangling of the manipulation occuring now, in conjunction with with fiat devaluation make for a bonus combo of wealth preservation AND investment.

Hook Line and Sphincter

Thu, 11/03/2011 - 14:03 | 1842413 silverserfer
silverserfer's picture

the whole gold is money idea is a philisophical truth that central banks and governments continualy attempt to convince the masses that it is not money. many people who are smart in a manner of trading in equities are not aware of this. For a lot of poeple understanding the basic principles of what a 401k is  are asking a lot. 

Pop culture thru movies and tv program people to worship the $ and if gold is brought up it is immediatly framed in a manner of " how much $ can you get for that? hurry up and sell it for $'s! The gold stream flows and consolodates to central planners and those in power. They are planning for this big colapse and will have a LOT of gold and the power that is gained by possesing it. 

Trade your equties as long as you can but when the game of musical chairs ends and the music stops, if your $ is not converted to gold(get in a chair) you are going to be shit out of luck! 

Thu, 11/03/2011 - 08:08 | 1840238 paarsons
paarsons's picture

Gold is risky business, my friends.

If Papa Doc renigs on his promise, then you'll be good to go.  You'll make mad money.

I think it's the most probable outcome.

But he promised a referendum.  It's tough to put the genie back in the bottle after you let him out.

If he goes through with his promise, then we are in for severe deflation, and you'll lose your shirts.

But what's a boy to do?


Thu, 11/03/2011 - 08:44 | 1840491 JohnG
JohnG's picture

"......you'll lose your shirts."



Ummmmm, no.  You haven't been at this very long have you.


And stop pimping your blog.  This is not your advertising platform, and I tire at seeing your worthless post on every thread.  Waste of bandwidth and server space.

Thu, 11/03/2011 - 07:57 | 1840198 firstdivision
firstdivision's picture

I'm taking these rumors as Greece is about to pull an Iceland.

Thu, 11/03/2011 - 08:42 | 1840469 youngman
youngman's picture

I thought they would play it out for the last 8 billion...but it looks like they are not going to get that...

Thu, 11/03/2011 - 07:58 | 1840200 I think I need ...
I think I need to buy a gun's picture

i think it may be about that time

Thu, 11/03/2011 - 07:58 | 1840201 Bazinga
Bazinga's picture

Not too fast...Nice and steady wins the race. And avoids MASSIVE downward corrections.

Thu, 11/03/2011 - 08:31 | 1840212 Flakmeister
Flakmeister's picture

Agreed, but we do not have much say in the matter...

Thu, 11/03/2011 - 08:34 | 1840394 afdestruction
afdestruction's picture

exactly, just look at the retrace after the last rocket rally a few days ago.

Thu, 11/03/2011 - 09:23 | 1840818 gmrpeabody
gmrpeabody's picture

And for those paying attention, you could have picked up gold $80 ago (tuesday), and sold today.

Or..., just wait for your retrace, rinse and repeat.

Thu, 11/03/2011 - 13:06 | 1842134 DosZap
DosZap's picture



Then, we BTFD.

Sooner or later they will be at 100% margin, and their ass is done for.

Thu, 11/03/2011 - 07:58 | 1840202 jekyll island
jekyll island's picture

QE to infinity, bitchez!

Thu, 11/03/2011 - 07:58 | 1840203 Apostle of Unknown
Apostle of Unknown's picture

"boner" pattern, even more bullish than cock-and-balls pattern

Thu, 11/03/2011 - 07:58 | 1840205 Racer
Racer's picture

"BoE's Bean says without QE, UK CPI more likely to undershoot"



What planet is this man on? Inflation has been SOARING for all things you need and a bit of undershoot would be very GOOD thing!

Thu, 11/03/2011 - 08:01 | 1840222 Eally Ucked
Eally Ucked's picture

They hired Mr.Bean to BoE? How appropriate!

Thu, 11/03/2011 - 08:01 | 1840224 John Law Lives
John Law Lives's picture

Sounds like another junkie who wants yet another hit on the crack pipe.

Thu, 11/03/2011 - 07:59 | 1840213 CPL
CPL's picture

Compare against FIAT, wow.


Silver is starting to haul ass as well.


Translation.  Going to be a bad day for bonds.

Thu, 11/03/2011 - 08:04 | 1840215 Wakanda
Wakanda's picture

Yee Ha! - Woody

To infinity and beyond! - Buzz Lightyear

Thu, 11/03/2011 - 08:00 | 1840216 EvlTheCat
EvlTheCat's picture

Best article title to wake up to.. Yet.  You made me LMAO.  Thanks!  Can't wait till it deals with America's stupidity!

Thu, 11/03/2011 - 08:00 | 1840217 PaperBear
PaperBear's picture

Let's get all this nonsense over with.

When I heard that a referendum was going to put to the Greeks I thought that having it the next day was not soon enough if not for the logistics.

But December 4th is not soon enough, the middle of next week it should have been taken.

Thu, 11/03/2011 - 08:44 | 1840489 youngman
youngman's picture

They could probably do a voice vote..an all in favor say "EI"....or a show of hands and get er done today

Thu, 11/03/2011 - 08:00 | 1840218 bernorange
bernorange's picture

That's only a ~$15 move. I expect we'll see greater volatility in the days (and hours?) ahead. www.pmbug.com

Thu, 11/03/2011 - 08:01 | 1840219 peekcrackers
peekcrackers's picture

Morring golden pee boner.. lets see if there is blood flow after the bladder drains. I

Thu, 11/03/2011 - 08:01 | 1840221 bania
bania's picture

good headline, reliable source

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