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Gold Has Had Enough With Europe's Stupidity; Surges
One can kneejerk every headline coming out of Europe, or one can buy gold, which has finally had enough with this endless BS and has realized that no matter what the ECB will have to print, followed by everyone else.
Update: $1758
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Roooocket, please!
Easy does it....nice and steady...week after week.
I used to believe "nice and easy". Enough already. Let's get it on.
Just buy gold and let someone else figure it out........realizing that no one will.
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.
We all dream of deflation... But printing press does not need to rest.
-Full speed ahead!
-Aye Aye captn Bernanke!
Gold is the wierdest investment. I own it, but want it to go down so i can buy more.
I know people waiting at $300oz.....they're still waiting.
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 :-)
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.
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%)
Your point is taken, but Gold is a currency not an equity, dingleberry, and in that context 1% is a large move
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.
The fact that Central Banks hold Au reserves and not NFLX shares puts lie to your statement.
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
Gold is MONEY. It is not currently a currency (except for your $50 eagle).
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?
They very well may, but they certainly don't advertise it or claim it on their balance sheet..
Try as you may...,
You're going to need some help dislodging foot from mouth!
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.
Are your precious stocks rallying after an 11 year bull market or from decade lows?
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.
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.
How much did you make in 2008? The five year chart on that looks pretty hot.
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.
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
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!
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?
http://fucklloydblankfein.blogspot.com
"......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.
I'm taking these rumors as Greece is about to pull an Iceland.
I thought they would play it out for the last 8 billion...but it looks like they are not going to get that...
i think it may be about that time
Not too fast...Nice and steady wins the race. And avoids MASSIVE downward corrections.
Agreed, but we do not have much say in the matter...
exactly, just look at the retrace after the last rocket rally a few days ago.
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.
Bazinga
NOT RELEVANT ANYMORE, WAIT TILL CME margin hikes come.
Then, we BTFD.
Sooner or later they will be at 100% margin, and their ass is done for.
QE to infinity, bitchez!
"boner" pattern, even more bullish than cock-and-balls pattern
"BoE's Bean says without QE, UK CPI more likely to undershoot"
WTF!
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!
They hired Mr.Bean to BoE? How appropriate!
Sounds like another junkie who wants yet another hit on the crack pipe.
Compare against FIAT, wow.
Silver is starting to haul ass as well.
Translation. Going to be a bad day for bonds.
Yee Ha! - Woody
To infinity and beyond! - Buzz Lightyear
Best article title to wake up to.. Yet. You made me LMAO. Thanks! Can't wait till it deals with America's stupidity!
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.
They could probably do a voice vote..an all in favor say "EI"....or a show of hands and get er done today
That's only a ~$15 move. I expect we'll see greater volatility in the days (and hours?) ahead. www.pmbug.com
Morring golden pee boner.. lets see if there is blood flow after the bladder drains. I
good headline, reliable source
I'm sorry. I don't believe free markets exist any more.
Somebody is simply throwing the gold card again.
Bunches and bunches of individual investors have not suddenly been buying gold contracts.
Asset rotation amongst the 1%'ers
You know ... the fact is ... most of us (not you and me, of course) fell for Wall Street's marketing pitch. We're smarter than you and will make you more money than you can alone ... because you're stupid and don't have access to information like we do.
And ... we gave our money to them. In the process shareholders became irrelevant. But ... most importantly ... we effectively dissolved the market and replaced it with ... what?
A throng of theives
Italy falling apart?
another 1/10 eagle for me yesterday. my silver was getting lonely
I guess another rumor and dollar fell leading to gold price increase ...
dow futures also have had enough, another DOG day
Just another day in my little 10-year ride from $300. BTFDYFI...
The DX, EURUSD, AUDUSD, and the SPX are all setting up for big moves. Significant USD strength and equity weakness ahead. http://bit.ly/uCdxU7
Why such a headline on such a small move? C'mon ZH, you can and should, do better than this.
This has been happening for the last 6 months that i can remember. Tyler will put up a one minute chart that makes gold look like its going parabolic when it is usually up less than a % and claim it is surging
Then he will show a one minute chart of a random stock down a % and call it another "flash crash"
I own Gold and will continue to buy on pullbacks but this move does not look right to me.
Gold is an object it does not do shit. This looks to me like a kneejerk reaction by the buyers not by Gold itself. Gold is an object.
It is too early for Gold to surge like this, remember $1500 to $1920 then back $1535.
I'm not buying this.
Paper is an object that does not do shit, too. I find the "what does gold do?" argument so ridiculous.
Gold is up because ES is rocket launching.
I told you guys to root for a huge equity rally.
Dow 15,000 means gold is going to and through $2,000
Keep dreaming, its not gonna happen anytime soon.
RT, you need to temper your optimism with some plausibility. Sans inflation, why are equities going to skyrocket? Economic growth? Productivity growth? Hopium?
Fleetwood Mac - Gold Dust Woman , Rumours
http://www.youtube.com/watch?v=YPEGzEttx0w&feature=related
Euro up as well, so gold in euro only up a little. Handy chart and coin prices (including buy/sell spreads):
http://www.gold4ex.be/servlet/javaparser?pgm=lst_or_new&lg=uk
So maybe this is a dollar thing, not a gold thing.
there should be a referendum if gold is to go higher, no?
Sure you can vote with your money but I'm not sure if your vote will register with these rigged markets.
Futures ramping into jobless claims...my theory?...look for bad jobs number so that sell-off will bring futures back to early morning levels. Anyone who thinks the elite don't already have the data are fools. This game is a fucking joke.
Palladium the biggest mover so far...
http://finviz.com/futures_performance.ashx
ES goes UP...Gold goes UP
GOLD and SILVER are really equities....they are very highly correlated.
You mean paper Gold and Silver are really equities.
Well, this is a nice way to wake up here on the West Coast. Agree, nice and easy does it. A few dollars here, a few dollars there. This has a long, long way to go. I just ignore all the crap coming out of Europe, buy every dip in gold and silver and own quality miners and a little oil. And yes, have some confetti stashed away with the extra ammo.
Sleep well at night and know I am protecting my family. And we all know when this farce ends in Europe, on the main screen with THX digital sound will be broken, insolvent, corrupt America.
Have a nice day.
the correlation between Euro$ and gold has been very high recently. Gold spiking when Euro$ spikes and viceversa. Gold is just a risky asset now, that's it (the worst of the risky assets if it's so correlated to Euro...)
is Bridget Brown your sister? You know she was the dumb television reporter who said that gold was not worth anything because it is not backed by anything?
"Had enough with Europe's stupidity" - good way to put it
Either way, Gold's volitility signals the market correcting itself. DOW gonna DOW.
Margin hike alert!
Gold a "risky asset". Are you serious. What other investment has had a 10 year run. Look at all the currencies out there. Would you like to own any of them for more than a trade. Look at the leaders of this planet. How many of them instill confidence in what is going on, here, Europe or Asia. How many of them do you trust to do what is right for the PEOPLE. I mean Tokyo is on a death watch as far as it's economy is concerned.
And the soon to be 16 Trillion in debt and our current debt soon to be over 100% of GDP with 48 million eligiblle for food stamps, U6 at 17%, inflation moving higher. Gold is risky?
As long as we have these comments, I keep buying.
And Robot, you have to stop correlating the rise in gold with the DOW. They will disconnect from each other at some point soon and I have a good feeling how. DOW 15,000. Maybe when inflation hits 10%.
US Bombs (i mean bonds) are the ultimate 'risky asset'. It returns 0.25% to 4% (for the 30 year) when inflation is running at 8%.
Gold is up 20 dollars. 1%. That is not a surge. Just a worthwhile commodity moving higher. This rise has been very orderly. When I see a 100 dollar pop or drop. THAT will get my attention. $21.00, I think not.
And I strongly believe the miners are close to a breakout. They have been hated and dispised for so long that many will have nothing to do with them. But at some point and my feeling is soon, they will surprise to the upside. We are not in this for a day trade. We are here for the long haul.
yea if you own above say 1000 an oz then you want it to come down so you can buy some more on the cheap, though if you own it at say 300 to 1000 an oz well then you are a bit worn out from all the volatile manipulating bs going on every time it appears it is kicking into high gear. frankly I have had just about all I can freaking stand of all this freaking foreplay of the paper.
All that's happening is predictable, as there are 7 stages that any major economy goes through. Those who know how it works profit & massive wealth is transferred to them. You can see what one millionaire has to say about the 7 stages countries go through & how you can profit like the ultra-rich during these tough times.
His free video
"How To Create Incredible Wealth in Today's Economic Crisis"
is at:
http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bi...
Hope this info helps everyone as much as it has me.
Dr. Nancy
Believe Greece will burn, EURO will fail and dollar will spike. That is my cue to back up the truck.
the last part of the plan. get everyone into gold and then crush it back down.
they call it inflation when prices rise and someone is printing money. what's it called when the money that is printed is used to buy gold?
stealing the value of labour and redistribution of god given value and wealth. slavery
We can’t fix the system for there is too much disagreement. It has to and will collapse! Shortly before this all those wanting "safety" and "hedging" will rush to the paper and then realize they are still only holding paper...worth nothing.
Just buy gold and enjoy the hedge and future tangible physical commodity. Oh and of course something to protect it all with.
blah blah. are we supposed to belive gold just recalled EU exists and surged out of the blue? just realized ECB's gonna print EURs so XAUUSD surged? this circus is going on for so long that gold has had priced it in along with QE3 and other things looong ago. whatever gold had enough of this, it did so already and everything else is a narrative fallacy.
now that CFTC is more concerned with MF and their followers, gold will probably start behaving "no reason"..