Is Gold Hinting At Imminent Coordinated Global Intervention?

Tyler Durden's picture


While it is still early in the overnight session, initial indications are for a full spectrum Risk Off market. In fact, S&P 500 futures (ES) have not fallen this fast over a two- or three-day period since the third week of November last year. As many may remember - a few days of drops like this took ES from 1260 to 1136 in a week but more importantly was followed very quickly by a massive and coordinated Central Bank intervention that ripped ES over 6% higher in an overnight session - sparking the entire rally of the last six months as it appeared the central bank put strike had been dragged higher. Admittedly the two-day fall so far (while the largest in almost six months) is still small in context, it would appear the world is waking up to the true event risks of a debt-saturated fiat system going through its death throes. Back of the envelope would suggest we need to drop to 1285 or so on the S&P before the same kind of hit-the-big-red-central-bank-panic-button kind of move comes into play. Sure enough, Gold is only very modestly lower (-$3 at $1640) so far in the face of a rip higher in USD and broad liquidation everywhere else - perhaps the patience of sound money will be paid off once again.

ES fell with a similar velocity in mid November (red rectangle) - soon after (green oval) the central banks of the world went crazy...

and sure enough - while the world is selling off pretty hard this evening, gold is - well - not...

Of course with Treasuries yet to open - perhaps Gold is the only safe place (especially with AAPL having collapsed in on itself in recent days).

Charts: Bloomberg

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Sun, 05/06/2012 - 19:19 | 2401895 fourchan
fourchan's picture




their gamble is flawed, if they cram down the price we will all load up

on more, and if they let it rise we will all be rich. bring it bitches!

Sun, 05/06/2012 - 19:48 | 2401991 f16hoser
f16hoser's picture

This should be POSITIVE for Gold/Silver:



Sun, 05/06/2012 - 19:54 | 2402010 NewWorldOrange
NewWorldOrange's picture

"While it is still early in the overnight session, initial indications are for a full spectrum Risk Off market"

ABSOLUTELY. And I just said the same thing, RISK OFF, on another thread a few hours ago. When it's risk off time, it's time to SHORT AUD/USD and NZD/USD. About as certain as any trades can be. Yep, I did, and I'll make a pile of cash or lose my ass by morning. Nothing ventured nothing gained.

Sun, 05/06/2012 - 20:47 | 2402117 mayhem_korner
mayhem_korner's picture



It's been full "risk-off" since Oliver Twist left the building.  Only things propping up the "market" (sic) are (1) Euro burning faster than US, (2) algos being fed manufactured headlines, and (3) hopium fumes from QE "rumours". 

Sun, 05/06/2012 - 20:58 | 2402164 Xkwisetly Paneful
Xkwisetly Paneful's picture

So which of those three is responsible for the AAPL earnings?

I am curious as to the other guy's rationale for using the AUD and NZD though.

If you happen to see this, can you direct me to the other place you posted it or briefly summarize why?




Sun, 05/06/2012 - 22:21 | 2402343 UP Forester
UP Forester's picture

Don't worry, once the single children in China all have a single kidney, AAPL will follow Newton's observations.

As far as I know, people actually want to move to the Lands Down Under, that aren't currently being douched in glowing rain, and will attract the richest and most "worldly" for some time, due to nationalization concerns in other southern hemisphere countries.

I think the dry spot on the Titanic is still available, if you've got a strong grip.

Mon, 05/07/2012 - 00:56 | 2402550 Psyman
Psyman's picture

Retarded liberals fail to comprehend that Australia and New Zealand are both part of the dominant Anglo empire consisting of the 5 eyes of Echelon.

Moving from California to New Zealand is like moving from New York to Texas, it means nothing.  You're choosing one part of the Anglo empire over another.

Mon, 05/07/2012 - 03:09 | 2402644 Nukular Freedum
Nukular Freedum's picture

Is Echelon some kind of giant spider then?

Sun, 05/06/2012 - 22:23 | 2402338 HarryM
HarryM's picture

if gold holds and equities crap would mean things are far worse than they seem

i figure the fed certainly has a few more rounds left, so I'm not holding my breath.

when the run on gold finally happens, it will be like operation shock and awe

Sun, 05/06/2012 - 20:41 | 2402122 Xkwisetly Paneful
Xkwisetly Paneful's picture


I was really worried there would be no pump gold pieces today.

I feel so much more confident now that I was able to seek out the 3124th piece from likeminded individuals confirming my beliefs regarding gold. It wasn't the Taco Bell drive thru this time, it was the dry cleaner, instead of inquiring if I wanted starch in my collars he asked if I needed any au or ag to go with my order.

gmafba baaaa

Sun, 05/06/2012 - 22:31 | 2402358 prole
prole's picture

Now wait a minute, who was just saying this guy is not a paid troll?

Mon, 05/07/2012 - 01:10 | 2402562 Psyman
Psyman's picture

Consider that 90% of all wealth world wide is concentrated in the hands of 10% of the Anglo boomer generation.  They are dying. They are 60+ years old and can no longer deny the aging process with viagra, olestra, fad diets, fad exercise routines, plastic surgery, and all the other life style choices of the most vain generation in human history.  Indeed, the "Doomer Boomers" now want the world to burn.  Their vanity is so infinite that they cannot comprehend the notion of a world that continues to exist without them.


Fear not, young brother, we will rebuild this world from the ashes of the destruction wrought by the Doomer Boomers, even if they Nuke Iran on behalf of Israel and pollute the Northern Hemisphere for the next thousand years with radioactive isotopes.


The Doomer Boomers will not succeed in their quest to destroy humanity.  Ignore them and their advice to buy their vastly over priced property and stockpile it with guns, food, and gold.  Their advice is the advice of a condemned man - worthless.

Mon, 05/07/2012 - 03:55 | 2402683 Calmyourself
Calmyourself's picture

Absolutely rent one of my apartments and eat at taco bell while sitting in front of your Xbox till your ass is three foot wide, how is that working out for ya?

Mon, 05/07/2012 - 06:10 | 2402761 prole
prole's picture

BTW ... Did anyone read past "anglo-boomer generation?"

Just when you think the comments can't get any stupider on ZH

Sun, 05/06/2012 - 21:47 | 2402291 Sam Clemons
Sam Clemons's picture

Gold still holding long term (since 08) support line.  I'd say that is one of the main reasons it hasn't broken lower tonight.  It's forming a long term pennant that should be complete before June.

Sun, 05/06/2012 - 22:47 | 2402392 CIABS
CIABS's picture

Sam:  That trendline is important short-term.  Probably some big technical selling (to go with cartel selling) if it's broken.  But I think everyone knows where gold is going after that.

Sun, 05/06/2012 - 23:09 | 2402442 Sam Clemons
Sam Clemons's picture

I actually don't know what you mean.  Depends on who you are.  One could say clearly down once its broken with heavy cartel selling.  However, all bull markets go through stages of different ascension rates.  Breaking through the previous one enables a more steep ascension trendline for the next one.  That is what I think is going to happen.

Sun, 05/06/2012 - 22:21 | 2402340 lasvegaspersona
lasvegaspersona's picture

f16 wow Myspace...thats something you don't see everyday

Sun, 05/06/2012 - 23:39 | 2402471 Ranger4564
Ranger4564's picture

A couple of points:

1.  If NY Mellon Bank has to come up with 1.5 trillion, and they quite possibly could need help from the various other banks listed... they will probably fail, so their positions will be liquidated, resulting in a drop in price, not increase.  If they meet their margin call, then price should not fluctuate, may rise slightly.

2.  There is no guarantee we can trust the departing president of the CME, he may be in on another scam, where we could see NY Mellon, Buffet / other banks claim bankruptcy or failure because they cannot meet the call.  If that happens, they will withhold public assets, and we could see something like MF Global except more severe, possibly affecting many banks.  If the call is met, then this obviously would not happen.

So my best guess is, we can't trust anyone, including the noble sounding departing president of the CME... IMHO, we're watching a huge bomb explode in slow motion similar to that in the John Travolta movie Swordfish.  We're going to witness the plot, the detonation and the carnage.  Either that, or all this criminality has made me completely paranoid. :)

Makes me nervous about my investments which are in metals in an IRA and stocks in mining shares.

Sun, 05/06/2012 - 19:56 | 2402014 nmewn
nmewn's picture

You barbarian you ;-)

Sun, 05/06/2012 - 20:04 | 2402034 NewWorldOrange
NewWorldOrange's picture

Heh. Sleestak Munger will never live down that "goldbuyers are uncivilized" comment on this site.

Sun, 05/06/2012 - 20:13 | 2402049 Pain Train
Pain Train's picture

I'm buying more tomorrow to sew into the hem of my garments.

Sun, 05/06/2012 - 20:33 | 2402108 QQQBall
QQQBall's picture

Savage!  ;)

Sun, 05/06/2012 - 20:43 | 2402136 Likstane
Likstane's picture

I'm buying more garments with smaller hems.  My gold pieces are pretty small. 

Sun, 05/06/2012 - 22:04 | 2402319 Pure Evil
Pure Evil's picture

-- Barbarian --

Sun, 05/06/2012 - 22:32 | 2402363 zerotohero
zerotohero's picture

I'm buying gold thread to sew my hems.

Sun, 05/06/2012 - 20:40 | 2402128 mayhem_korner
mayhem_korner's picture

Sleestak Munger will never live down that "goldbuyers are uncivilized" comment on this site.


I thought Sleestaks were bullish on gold & crystals.


BTW - 2 oz to anyone who can find worse special effects than this:

Sun, 05/06/2012 - 21:00 | 2402174 Jendrzejczyk
Jendrzejczyk's picture

I tried. You win. There is nothing worse out there. Where do I send the two ounces (of gold or crystals)?

Sun, 05/06/2012 - 21:13 | 2402200 Reptil
Sun, 05/06/2012 - 21:30 | 2402256 WmMcK
WmMcK's picture

Very subjective, but the SFX in Wolverine were pretty bad considering the budget.

Sun, 05/06/2012 - 21:59 | 2402313 BLACK_DOG
BLACK_DOG's picture

How do you guys find that crap!


Sun, 05/06/2012 - 23:08 | 2402439 TheFourthStooge-ing
TheFourthStooge-ing's picture

Reptil asked:

will this do?


The comments describe it well:

"This... this disturbs me... very? much... I need to call my therapist..."

"Wtf....? did I just watch."

"i have the weirdest boner right now........"


Sun, 05/06/2012 - 23:58 | 2402506 Manthong
Manthong's picture

I don't know man, I kind of feel like I did way back when at 6 a.m., after those two or three dozen San Miguel's and God knows what else in Olongopo.

Mon, 05/07/2012 - 04:47 | 2402704 Jendrzejczyk
Jendrzejczyk's picture

A personal favorite:


All I wanted was to beat off to some skeletons fucking and all I can get is this?"

Sun, 05/06/2012 - 22:27 | 2402349 lasvegaspersona
lasvegaspersona's picture

your 2oz are safe

the acting is a perfect match for the effects however

Mon, 05/07/2012 - 04:44 | 2402703 francis_sawyer
francis_sawyer's picture

I like how the T-Rex is just standing over them at the beginning doing nothing... But then they start running away & of course then it dawns on the T-Rex that he should chase them into a cave...

Sun, 05/06/2012 - 23:03 | 2402426 TheFourthStooge-ing
TheFourthStooge-ing's picture

mayhem_korner said:

BTW - 2 oz to anyone who can find worse special effects than this

I take it you've never seen Plan 9 from Outer Space.

These two short clips are representative of the Cheepnis:


Sun, 05/06/2012 - 20:54 | 2402163 RacerX
RacerX's picture

I am glad to be in the company of so many "Uncivilized" people.

Sun, 05/06/2012 - 19:58 | 2402017 devo
devo's picture

Ding ding, which is why they'll confiscate or tax the hell out of it.

Sun, 05/06/2012 - 22:30 | 2402353 lasvegaspersona
lasvegaspersona's picture

they will need it so they will have to be nice or it wil all stay hidden...besides not many Americans have any so it might never even come up unlike 1933 when everyone have gold or gold notes...

Sun, 05/06/2012 - 20:25 | 2402075 jmcaule4
jmcaule4's picture

Anit-austerity governments and it's implication for future money printing in the Eurozone.

Alf Fields, King World News + More!

Sun, 05/06/2012 - 21:50 | 2402298 ATM
ATM's picture

they will print with 100% certainty. No one will vote for austerity. That would be like the guy down the street who lives in the biggest house, who drives the bmw and suburban voting to have his credit card shredded. Aint going to happen ..... ever!


The politicians looking to retain power will all seek to delay the pain and their only course is to print and blame again with 100% certainty.

Sun, 05/06/2012 - 21:04 | 2402176 vast-dom
vast-dom's picture

here's a good one on housing:




enjoy bitches and remember the crack dealer don't take gold and silver coin, yet....

Sun, 05/06/2012 - 21:20 | 2402212 Reptil
Reptil's picture

green shoots everywhere!

Mon, 05/07/2012 - 07:33 | 2402845 n8dawg84
n8dawg84's picture

I bet that dealer will take a bottle of Tide

Sun, 05/06/2012 - 21:16 | 2402206 WmMcK
WmMcK's picture

First one and then the other -- we few, we proud ... you know the rest, but many don't (yet).

Sun, 05/06/2012 - 22:47 | 2402393 Dr.Engineer
Dr.Engineer's picture


But it is not only us buying but China, Brazil, ....

Mon, 05/07/2012 - 03:19 | 2402654 jmcaule4
jmcaule4's picture

S&P 500 timing system returns 289.81% over the past five years.

Sun, 05/06/2012 - 19:22 | 2401902 DeadFred
DeadFred's picture

I bought an iPhone and an iPad in the last couple weeks which means the market is now 100% saturated. Apple has no where to go but down now. Just wanted you guys to know.

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