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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 | Link to Comment 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 | Link to Comment f16hoser
f16hoser's picture

This should be POSITIVE for Gold/Silver: http://www.myspace.com/tom_heneghan_intel/blog/545684070

 

 

Sun, 05/06/2012 - 19:54 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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?

tyia

 

 

Sun, 05/06/2012 - 22:21 | Link to Comment 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 | Link to Comment 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 | Link to Comment Nukular Freedum
Nukular Freedum's picture

Is Echelon some kind of giant spider then?

Sun, 05/06/2012 - 22:23 | Link to Comment 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 | Link to Comment Xkwisetly Paneful
Xkwisetly Paneful's picture

Phew!

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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment lasvegaspersona
lasvegaspersona's picture

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

Sun, 05/06/2012 - 23:39 | Link to Comment 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 | Link to Comment nmewn
nmewn's picture

You barbarian you ;-)

Sun, 05/06/2012 - 20:04 | Link to Comment 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 | Link to Comment 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 | Link to Comment QQQBall
QQQBall's picture

Savage!  ;)

Sun, 05/06/2012 - 20:43 | Link to Comment Likstane
Likstane's picture

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

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

-- Barbarian --

Sun, 05/06/2012 - 22:32 | Link to Comment zerotohero
zerotohero's picture

I'm buying gold thread to sew my hems.

Sun, 05/06/2012 - 20:40 | Link to Comment 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:

http://www.youtube.com/watch?v=98vCerVn98A

Sun, 05/06/2012 - 21:00 | Link to Comment 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 | Link to Comment Reptil
Sun, 05/06/2012 - 21:30 | Link to Comment WmMcK
WmMcK's picture

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

Sun, 05/06/2012 - 21:59 | Link to Comment BLACK_DOG
BLACK_DOG's picture

How do you guys find that crap!

 

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

Reptil asked:

will this do?

https://www.youtube.com/watch?v=d5BdyIGtYcg

:-D

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 | Link to Comment 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 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

A personal favorite:

"REALLY YOUTUBE?

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

Sun, 05/06/2012 - 22:27 | Link to Comment lasvegaspersona
lasvegaspersona's picture

your 2oz are safe

the acting is a perfect match for the effects however

Mon, 05/07/2012 - 04:44 | Link to Comment 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 | Link to Comment 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:

http://www.youtube.com/watch?v=1665ekXNGAw

http://www.youtube.com/watch?v=eIeB9taIoI8

 

Sun, 05/06/2012 - 20:54 | Link to Comment RacerX
RacerX's picture

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

Sun, 05/06/2012 - 19:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment jmcaule4
jmcaule4's picture

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

http://jmcaule-whatimlookingatrightnow.blogspot.ca/

Alf Fields, King World News + More!

Sun, 05/06/2012 - 21:50 | Link to Comment 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 | Link to Comment vast-dom
vast-dom's picture

here's a good one on housing:

 

http://www.nytimes.com/2012/05/07/us/marijuana-growers-move-to-the-subur...

 

NOW THAT'S WHAT I CALL A HOUSING RECOVERY!

 

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

Sun, 05/06/2012 - 21:20 | Link to Comment Reptil
Reptil's picture

green shoots everywhere!

Mon, 05/07/2012 - 07:33 | Link to Comment n8dawg84
n8dawg84's picture

I bet that dealer will take a bottle of Tide

Sun, 05/06/2012 - 21:16 | Link to Comment 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 | Link to Comment Dr.Engineer
Dr.Engineer's picture

Yes.

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

Mon, 05/07/2012 - 03:19 | Link to Comment jmcaule4
jmcaule4's picture

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

http://jmcaule-whatimlookingatrightnow.blogspot.ca/

Sun, 05/06/2012 - 19:22 | Link to Comment 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.

Sun, 05/06/2012 - 21:42 | Link to Comment Moe Howard
Moe Howard's picture

Thanks for the heads up yo.

There is a war on at my work, the 30 somethings earning $10 an hour or less are in competition to see who can get the kewlest mobile. They use them for texting, but I guess you need a $600 phone and a monthly plan bigger than my electric bill for texting. I see no hope for the future with these idiots as typical Americans.

 

In a related note, invest in tattoo removal firms / tech and also neck surgery firms - I see a lot of young heads bent over looking down everywhere the minimum wage is to be earned. There must be long term damage to the neck from doing that all day.

Sun, 05/06/2012 - 21:42 | Link to Comment Tijuana Donkey Show
Tijuana Donkey Show's picture

What about the Idildo? It's bluetooth, and there is an app for that, it even posts to Facebook when your rubbing out a solution.

Sun, 05/06/2012 - 19:22 | Link to Comment Nid
Nid's picture

Pre emptive strike....all of you bitches???

Sun, 05/06/2012 - 19:23 | Link to Comment johngaltfla
johngaltfla's picture

Tyler, I hope you're right, but I don't think so with all due respect. This chart pattern has been unseen since September 2008 and as usual, the banksters are late to react. They should have put a plan into action back in Novembe or December but instead reacted as they did in that time period playing pray and delay. I think we see at least a 20-30% correction in gold and equities with a massive reaction this summer by the central banks to counteract the collapse of the EMU. Time will tell but the charts are brutal as I've outlined earlier today:

Gold is Sending a Dire Economic Warning
Sun, 05/06/2012 - 19:33 | Link to Comment Bay of Pigs
Bay of Pigs's picture

"GLD ETF, a good reflection of how speculators and major financial corporations are playing the gold market in a similar fashion to the late 1970s"

GLD? Similar fashion? Seriously John, are you really that in the dark on gold?

Sun, 05/06/2012 - 19:37 | Link to Comment johngaltfla
johngaltfla's picture

BoP, GLD, is the hedge funds cheap chips to manipulate the markets with the Central Banksters. Without the ETF, price suppression is almost impossible even for the CRIMEX. So watch and see the liquidations begin as the USD takes a nice spike upwards and the fools sell paper gold to provide one last buying opportunity before it all hits the fan. A failure to engage in coordinated hyperinflationary action this summer BEFORE the Israelis remove the Iranian nuclear program is an invitation to a greater crisis resulting in a strong dollar and gold at stratospheric levels.

As far as in the dark, gee, I don't recall ever hearing of you so yes, I'm in the dark on who you are.

Sun, 05/06/2012 - 19:51 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Fair enough. Although I disagree with some of that, I do appreciate your explanation.

And I've been here at ZH two years now. Certainly not new to ZH gold threads.

 

Mon, 05/07/2012 - 04:11 | Link to Comment Calmyourself
Calmyourself's picture

BOP you may want to take a look at his web site to make the judgement.  Although it shuts down IE whenever you try to open it..

Sun, 05/06/2012 - 19:36 | Link to Comment insanelysane
insanelysane's picture

The FED is thinking we just needed to extend and pretend until November but it looks like they might come up a few months short.  I think we are in for a summer and fall of discontent.  The current administration hasn't had a new idea in at least 2 years and the repub establishment doesn't have a clue.  Come on 3rd party.

Sun, 05/06/2012 - 19:37 | Link to Comment Winston Churchill
Winston Churchill's picture

When will you chartist's finally understand that your charts

of free market behavior . are worthlees in the current

'planned' and manipulated enviroment.Read some entails,

or tea leaves instead.

Sun, 05/06/2012 - 19:53 | Link to Comment ruffian
ruffian's picture

Agreed Winston, TPTB paint the charts. Well, they have painted a perfect bullish inverted head and shoulders to suck in longs. The very fact they have made the effort to give an appearance of a bullish pattern, probably means they are going to pull the rug out.......I'm long physical gold and short paper gold via GLL 2x inverse gold bullion ETF. Someday that will work out with a big gain from both positions !!!!

Sun, 05/06/2012 - 20:13 | Link to Comment greensnacks
greensnacks's picture

My tea leaves are telling me another round of leaked, rumors to FT will surface before the market opens. The entrails are describing a head line of "China to buy worthless euro debt".

Mon, 05/07/2012 - 00:08 | Link to Comment Ranger4564
Ranger4564's picture

However, some of it is Self Fulfilling Prophecy, so if enough people read the charts looking for the same events, they will actually create those events.  Schrodinger's cat.

Sun, 05/06/2012 - 20:20 | Link to Comment SRSrocco
SRSrocco's picture

JOHN GALT...WITH ALL DUE RESPECT

I got my money on JIM SINCLAIR, ALF FIELD, PIERRE LASSONDE & CHARLES NENNER on where Gold is heading than where you think it will go.... IMHO.  In reality, I could really care less if gold and silver sell off again before the GREAT REFLATION.  Its all white noise.  However, there is an interesting trend taking place in the gold and silver chart.  Yes, I do not put much weight on TECHNICAL ANALYSIS as where short term moves will go, but I like to look at long term trends.

If you look at these two charts you will see... that even though gold and silver have fallen, there has been a steady ACCUMULATION of these assets.

SILVER... even though silver is nearly $20 less than were it was last year, the ACCUMULATION is almost at the same level:

http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&yr=3&mn=0&dy=0&id=p15460117971

GOLD.... is even better...

http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=3&mn=0&dy=0&id=p19249887490

See how this compares with BARRICK GOLD STOCK

http://stockcharts.com/h-sc/ui?s=ABX&p=W&yr=3&mn=0&dy=0&id=p00827491315

Anyhow.... it takes patience to win in the end.

Sun, 05/06/2012 - 20:35 | Link to Comment johngaltfla
johngaltfla's picture

Uh, dude, I've been a long term bull for ages.

No reason to get your feathers in a kerfuffle.

However Jim Sinclair lost a pretty penny on his wager but I have always respected his input since the 1970's and to be quite honest, your accumulation is meaningless if the metal is counted as that begin stored at the CRIMEX or via the ETF's.

I'm watching central bank accumulation which is much more meaningful and over the long term, not the next 3-4 months, I stand by an easy price target north of $4000 per oz. due to a panic induced reflation. Accumulation as you state it is pretty much irrelevant when considering that a large portion of those figures are those being held via the ETF's.

Sun, 05/06/2012 - 20:42 | Link to Comment fonzannoon
fonzannoon's picture

$4000 per oz is bearish on this site. If you mean by year end than maybe that makes you agnostic.

Sun, 05/06/2012 - 20:56 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Sinclair never lost a penny as far as I know. Nobody took the bet on the $1650 call.

Sun, 05/06/2012 - 22:40 | Link to Comment prole
prole's picture

And he was right, insanely right about the call predicting big upswing in gold. Technically though didn't he miss it by some few months or something like that? Gold hit and took out his predicted level but not by his predicted date.

Sun, 05/06/2012 - 21:06 | Link to Comment SRSrocco
SRSrocco's picture

GALT....NO KERFUFFLE HERE...JUST MY HUMBLE OPINION

I still got my money on the other guys... if you don't mind too much.

Sun, 05/06/2012 - 20:46 | Link to Comment ThirdWorldDude
ThirdWorldDude's picture

First they ignore you, then they ridicule you, then they fight you, then you win.

Sun, 05/06/2012 - 21:16 | Link to Comment GCT
GCT's picture

SRSroco for the time being I am seeing a downturn as well.  Looking at a 20% or close to it.  I love my physical but with the European elections and the uncertainty it is looking that way for me as well.  We all could be wrong on this and we know that.  I am in no way giving up my physical but this may well indeed be a good time to watch the fall and buy more physical at a darn good price.

Sun, 05/06/2012 - 20:47 | Link to Comment DosZap
DosZap's picture

 I think we see at least a 20-30% correction in gold and equities

I hope your correct, that means we get to scarf up all we can get our hands on at SUB $1,200.00??

Bring it...........Full tilt BOOGIE. That means $15.-$18.00 Aug??.COMEX will shit real bricks.

WOW............................better be quick on that trigger.

Sun, 05/06/2012 - 20:51 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Did someone say 20-30% off sale?

Sun, 05/06/2012 - 22:20 | Link to Comment TeMpTeK
TeMpTeK's picture

no fb "like" button. No subscribe option.. "You must be logged in to post a comment".. ????

I like your ideas but your blog format needs work..


Mon, 05/07/2012 - 01:53 | Link to Comment jomama
jomama's picture

the process itself builds character.

Sun, 05/06/2012 - 22:34 | Link to Comment lasvegaspersona
lasvegaspersona's picture

galt guy

the fed or someone big has been painting this tape I think

but that Yoders canned bacon is good stuff. I bought a dozen I was so impressed. If the SHTF and I have to eat my stash at least I'll have bacon.

Sun, 05/06/2012 - 19:23 | Link to Comment max2205
max2205's picture

I think stupid Ben will foolishly let the market trade where it wants.

Spx 1050. Nice new low 30 yr mort Refis next month coming to you

Sun, 05/06/2012 - 19:30 | Link to Comment mayhem_korner
mayhem_korner's picture

Nice new low 30 yr mort Refis next month coming to you

 

'cept that (1) banks aren't lending their toxicity-covering liquidity and (2) most mortgages that might be good candidates are underwater (tho' that didn't stop the last waves of ill-advised lending)...

Sun, 05/06/2012 - 19:39 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

If there's no demand for mortgages, the rate has to go lower.

Sun, 05/06/2012 - 19:44 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Your point presumes the price of money (i-rate market) is real.  It ain't.

Sun, 05/06/2012 - 19:25 | Link to Comment Manthong
Manthong's picture

The discount window is open or closed?

Sun, 05/06/2012 - 19:24 | Link to Comment jaglavek
jaglavek's picture

Hard to sleep at night knowning your paper burns at only 451 degrees Fahrenheit 

Sun, 05/06/2012 - 19:28 | Link to Comment sitenine
sitenine's picture

The flash point of paper is 451 degrees Centigrade.  Your point is valid though.

Sun, 05/06/2012 - 19:43 | Link to Comment Navigator
Navigator's picture

451F...233C

Sun, 05/06/2012 - 21:43 | Link to Comment BLACK_DOG
BLACK_DOG's picture

Good catch!

Sun, 05/06/2012 - 21:50 | Link to Comment Moe Howard
Moe Howard's picture

I do know that FRNs burn a hole in my pocket ... that's what my dad always told me...

Sun, 05/06/2012 - 19:46 | Link to Comment Jake88
Jake88's picture

Ray Bradbury created a myth. Thanks for the info.

Sun, 05/06/2012 - 20:04 | Link to Comment Manthong
Manthong's picture

Huh? What was that?

S&P 451 or 233?

Sun, 05/06/2012 - 20:13 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Servers die at much lower temperatures i.e. paper is better than digital wealth.

Sun, 05/06/2012 - 21:12 | Link to Comment WmMcK
WmMcK's picture

I wouldn't want you to bake me a cake.

Sun, 05/06/2012 - 19:24 | Link to Comment Central Bankster
Central Bankster's picture

Gold proves to be the only safe asset.

Sun, 05/06/2012 - 20:16 | Link to Comment Joe The Plumber
Joe The Plumber's picture

Federal reserve notes aka known erroneously as the dollar by the great unwashed look pretty good too. You cam also stick a hell of a lot of them up ur ass if u can roll them really tight.

Remind me someday to tell u boyz a little story from my mispent college days when i helped a petroleum parts exporter repatriate some funds. At least they claimed to be petroleum parts exporters. Who is the perfect guy to smuggle 50000 bux up the poopshoot? A dumbass college boy with a camera around his neck and a suitcase full of liquor.

Sun, 05/06/2012 - 21:57 | Link to Comment Central Bankster
Central Bankster's picture

Yah Ok, dont get me wrong a few FRNs for emergencies is just smart, but letting them lose 98% of their value over the course of a 100 years doesn't make them "safe".

Sun, 05/06/2012 - 19:25 | Link to Comment toady
toady's picture

SWEET!

Right when I was getting ready to back the truck up!

BTFD!

Sun, 05/06/2012 - 20:03 | Link to Comment XitSam
XitSam's picture

My truck pulled away from the loading dock 2 hours ago.

Sun, 05/06/2012 - 20:44 | Link to Comment Muppet Pimp
Muppet Pimp's picture

You forgot the Beep Beep Beep....LOL

This place is a riot

Sun, 05/06/2012 - 20:46 | Link to Comment Likstane
Likstane's picture

Stay off the bridge and the ferry.

Sun, 05/06/2012 - 19:25 | Link to Comment Cult_of_Reason
Cult_of_Reason's picture

Bernanke will not panic until there is at least a 10-15% selloff (but most likely ~20%).

Sun, 05/06/2012 - 20:02 | Link to Comment bigkahuna
bigkahuna's picture

The bernake is a stooly for the global banking cartel, which I suspect to operate from London or one of those so-called neutral countries like switzerland or licken-stein (whatever). 

If the new communist fuckers that got elected are not going to play ball, the global cartel is going to pick up the ball and call it a game. The bernanke's actions will be telling.

Sun, 05/06/2012 - 21:02 | Link to Comment Likstane
Likstane's picture

Good call.  So if the new regimes don't plat the game, then they become bad guys like Iraq, Libya, Iran and the other now or soon to be liberated peoples.  Problem is, some of these new non-players aren't as brown as the old bad guys.  Might be a tougher sell to start immediate bombing.

p.s. Please don't disparage my people.  I come from a long line of Lickenstainers.

Sun, 05/06/2012 - 22:22 | Link to Comment bigkahuna
bigkahuna's picture

I apologize for being too lazy to get the spelling right. Yeah, these folks are about as pale as it gets in France, and Greece has a lot of colors, though they are not homogenously brown like the typical targets of NATO violence. 

I just think the puppet masters might walk away this time and get some general human suffering to watch for their sociopathic cravings. If these were brown folks electing communists, they might be accused of running drugs or of oppressive behavior and bombed though - I very much agree.

I would rather not see and feel the misery - but we (in the aggregate) have all set ourselves up for it and the global banking cartel has played a near flawless game up to this point. When they pull the plug, it is just going to get nasty for all of us, even the preppers. The real struggle for freedom cannot start until they step back and let the SHTF.

Sun, 05/06/2012 - 19:26 | Link to Comment I am Jobe
I am Jobe's picture

QE4,QE5,QE5 QE to Infinity. How can the FED reserve possibly go wrong. They know what they are doing. They all graduated from IVY League Schools with a PhD. Great minds.

Sun, 05/06/2012 - 19:50 | Link to Comment flacon
flacon's picture

pH Dee. 

Sun, 05/06/2012 - 19:59 | Link to Comment Poor Grogman
Poor Grogman's picture

When are those IVY league universities going to satisfy the huge market demand for "central planning degrees". All those kids running around unemployed and they all have the wrong qualifications!

It seems strange that we have all these unqualified central planners running "the system" and yet we don't train them properly?

Oh I forgot, that's what Goldman does....

Disregard..

Sun, 05/06/2012 - 21:44 | Link to Comment Ricky Bobby
Ricky Bobby's picture

Fuck that I have a ZHD.

Sun, 05/06/2012 - 22:52 | Link to Comment Dr.Engineer
Dr.Engineer's picture

Don't knock the Ph.D.  The problem is they have theirs in an imaginary science, a world where there are no effects but only causes.

Sun, 05/06/2012 - 19:26 | Link to Comment Hubbs
Hubbs's picture

As it becomes more apparent that the QE3 will have minimal effect, at least minimal lasting effect, for boosting stocks, then everyone is faced with the grim reality of looking at the fiat monster in the face now. Gold will have more resilience QE3 or no QE3.

Sun, 05/06/2012 - 19:27 | Link to Comment JuicyGrabs
JuicyGrabs's picture

Their hands are kinda` tied.

Sun, 05/06/2012 - 19:32 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

They are.

And more so each day that passes closer to the election.  He can't risk Fed independence just to do a QE that has already failed twice.

 

Sun, 05/06/2012 - 19:48 | Link to Comment Jake88
Jake88's picture

Get real.  No CFR approved candidate is going to fuck the fed.

Sun, 05/06/2012 - 20:54 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Wall Street is going to crash the market as a scare tactic to vote for that lackey Mormon bastard. "Look, Obamao crashed your market. We have an alternative that will repair the market." This time it might not work with people already mad at the banksters who put them onto the street. It is all BS.

Sun, 05/06/2012 - 22:43 | Link to Comment lasvegaspersona
lasvegaspersona's picture

Crashis

Truman fired 2 Fed chairmen in a row to get what he wanted. I don't think the Fed has pretended to be independent since.

Sun, 05/06/2012 - 19:28 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Let's just get this shit storm show on the road already. I await my shit storm shower... No, I demand it!

Sun, 05/06/2012 - 19:50 | Link to Comment owensdrillin
owensdrillin's picture

Or as the great Lahey would say "There is a real shitnami coming this way"

Sun, 05/06/2012 - 20:51 | Link to Comment Muppet Pimp
Muppet Pimp's picture

The shit blizzard is coming.

You can feel how the shit clings to the air. - Mr. Lahey

http://www.youtube.com/watch?v=Pvm-n6gwPCY

Sun, 05/06/2012 - 21:16 | Link to Comment Acorn10012
Acorn10012's picture

"Shit storm shower?". Guessing you will want to keep your mouth closed during the Dinty Moore with corn brownout.

Mon, 05/07/2012 - 01:18 | Link to Comment jomama
jomama's picture

Bring Your Own Napkins and Raincoats!

Sun, 05/06/2012 - 19:28 | Link to Comment infiniti
infiniti's picture

They will print only when gasoline prices allow them to. Gasoline futures bottomed at $2.45 last november, rallied to $3.43 on April 3rd, and have now plunged to $2.94. I think if the price hits $2.75ish, the Bernanke starts warming up the QE bus. By then ES will probably be in the low 1,300's or maybe 1,290 but probably not lower than that. Don't forget there is an election coming!

Sun, 05/06/2012 - 19:38 | Link to Comment Haole
Haole's picture

Uh, they've been "printing" continuously for three years, it never stopped...

[sarc]...and there's only 12 million working aged people unemployed in The States too according to The Reich.[/sarc]  

Sun, 05/06/2012 - 19:40 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

It's the election that prevents QE.

Bernanke will not risk loss of Fed independence just to do another QE round after two failed.  He will not risk having the losing party declare the Fed took sides.

 

Sun, 05/06/2012 - 20:21 | Link to Comment SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

Amazing how nearly all hard assets are blown up to the point people were about to revolt, then with a little election talk nearly all prices started to receed, namely oil, with the summer driving season now upon us. To all the full of shit, manipulating, greedy cocksuckers out there:  May a USD bill crawl up your ass and rot!

Sun, 05/06/2012 - 21:42 | Link to Comment infiniti
infiniti's picture

Oh, they will print. Obummer must be re-elected. They'll try that immunized MBS thing around the end of June/early July. Stocks need to be soaring with somewhat tame gas prices as the election approaches.

Sun, 05/06/2012 - 19:30 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Gold:  0.7 beta on the smackdowns; 1.2 on the (fiat-fueled) upswings

 

Asymmetry can be a beautiful thing!

Sun, 05/06/2012 - 19:29 | Link to Comment razorthin
razorthin's picture

QE threats aside, isn't gold the doomsday metal?  Maybe this is really it.

Sun, 05/06/2012 - 19:31 | Link to Comment Caviar Emptor
Caviar Emptor's picture

You can't eat stocks, remember Ben? 

Sun, 05/06/2012 - 19:32 | Link to Comment Sandoz
Sandoz's picture

Let me get this straight, so the conclusion here is that because gold is only "very modestly lower" that it's somehow hinting at "coordinated global intervention"? If that's the case, isn't that extremely bearish for gold? I mean, isn't "coordinated global intervention" the primary thesis for gold bulls?

Sun, 05/06/2012 - 19:39 | Link to Comment junkyardjack
junkyardjack's picture

Shhh, your statement has logic in it, down vote...

If people were buying gold because they thought a global central bank intervention was about to happen then they should also be buying stocks

Sun, 05/06/2012 - 19:43 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Coordinated global intervention is what the bankster complex executes to push equities higher and perpetuate the "all is well" illusion.  The "coordinators" do not want the truth to be exposed that fiat-backed currency is ultimately worthless (which is the only logical outcome once the masses catch on). 

So the intervention is the desperate act of those that would have gold be the "barbarous relic" that they wish it was.

We stack.  We wait.  We emerge victorious.

 

BTW - "gold bull" is a misnomer.  Smart gold-holders see the metal for what it is - a store of the purchasing power of the fiat put into it. 

Sun, 05/06/2012 - 20:32 | Link to Comment Sean7k
Sean7k's picture

There are two buyers of gold: savers and traders. 

The savers are trading one form of money for another. They feel it is a good deal and safer in the present economic environment.

The traders come in two kinds: those that work with the central bankers and those that attempt to profit off the central bankers.

The ones that work with the bankers have the benefit of foreknowledge. The ones that don't try to interpret charts and financial movements.

Bears and bulls don't apply to precious metals, it easier to refer to them as those that sleep at night and those that don't. 

Keep in mind who owns the gold. This has positives and negatives associated with it. 

Bankers don't own things without financial value. Even better if it is a useful tool to further their goals and even better if it bails them out if they fail.

If they fail, it will be too late to get any gold.

 

Sun, 05/06/2012 - 22:57 | Link to Comment shuckster
shuckster's picture

Gold is bad because it rare and easily detected. If you go through the airport with gold and its against the law - caught. If you buy it online - caught. If you try to transact with it, someone will probably rat you out to the Secret Police, aka Secret Service. I say stay away from gold. there are many other assets out there - palladium, rice grains, beans, old fashioned cars, artwork, I'm even thinking about trying to buy Uranium. Sooner or later the world is going to realize that nuclear power is still the best option....

Sun, 05/06/2012 - 23:18 | Link to Comment r00t61
r00t61's picture

Thorium nuclear power, yes.

Uranium nuclear power, no.

Sun, 05/06/2012 - 19:37 | Link to Comment razorthin
razorthin's picture

Fed pumpateers already nibbling at the es futures.

Sun, 05/06/2012 - 19:39 | Link to Comment slaughterer
slaughterer's picture

Fed always pumps everything BUT gold in the overnight.  Goldbugs depend on the Asians for their overnight pumps.  

Sun, 05/06/2012 - 20:54 | Link to Comment DosZap
DosZap's picture

Sure going to be a HELL of a lot of UNCIVILIZED folks running amuck.....................LOL

Sun, 05/06/2012 - 19:37 | Link to Comment junkyardjack
junkyardjack's picture

Isn't this sell off just a preview to the US elections when Obama is re-elected?

Sun, 05/06/2012 - 19:44 | Link to Comment Haole
Haole's picture

...or perhaps just a little hors d'oeuvre before a surprise Paul win which gives them justification to bring it all down for real and teach people what "liberty", "freedom" and "sound money" gets them.  ;)

Sun, 05/06/2012 - 19:41 | Link to Comment tmosley
tmosley's picture

I ignored my own rule once again, and bought silver outside of the options expiry.  

Getting scary out there.  I think we are about to cross the thresh-hold between the beginning of the end and the middle of the end, where the Euro periphery finally collapses, and the specter of default moves to the core.  I think this next stage will be quite a bit faster.  When it hits the US, we will be in what I would call the final stage.  I don't yet have a timetable for that, but I had really wanted to be out of the country when it happened.  I'm not sure that I have time now.

Sun, 05/06/2012 - 20:13 | Link to Comment Crab Cake
Crab Cake's picture

Yeah. I was hoping to be in a much less populated area, if still in the US. I was in line for a transfer to such a position in such a place before I got laid off.... again. Unemployed, again, and having a much rougher go of it this time in the job market. We're really down to about nothing.... Early 30's, with a wife and a kid, and no hope; trying to keep a good face on it. At least we have relatives who can take us in, better to be with the fam when it gets really bad I guess.

Sun, 05/06/2012 - 20:23 | Link to Comment WonderDawg
WonderDawg's picture

Absolutely. When the SHTF, it'll be time to circle the wagons. Friends and family will be among the most important assets you can have.

Sun, 05/06/2012 - 20:24 | Link to Comment nmewn
nmewn's picture

Hang in...its better to be the hunter than the hunted ;-)

http://edition.channel5belize.com/archives/69892

Sun, 05/06/2012 - 20:57 | Link to Comment WmMcK
WmMcK's picture

Don't give up hope, man. Pull together, you'll have other chances and you at least know more than most just by virtue of being dialed in here. Be good to yourself and your reward will be more than transient financial gain.

Sun, 05/06/2012 - 21:09 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

Any chance you are an electrician? I've got about 15-20 positions to fill for the summer, Stafford, VA area.

Sun, 05/06/2012 - 22:59 | Link to Comment prole
prole's picture

That is what I call a strong-@$$ offer to help.

Mon, 05/07/2012 - 06:44 | Link to Comment nmewn
nmewn's picture

You're a good man.

Sun, 05/06/2012 - 21:22 | Link to Comment stocktivity
stocktivity's picture

Best of luck Crab Cake. I know how tough it is with a wife and kids depending on you.  Life seems to go in cycles...good times and bad. When you're in a down cycle, it doesn't seem possible to ever get out of it....but you will. I'm 63 now and raised 3 kids and been through a few of these up and down cycles. See if you can get a couple crappy part time jobs...even McDonalds or Walmart. It will put food on the table while you can still be looking for something better. You have to do what you have to do at this point and not be concerned with the type job it is. Tell yourself this will be temporary. It's guys like you in the real world that the politicians, bankers, talking heads, ect are so totally out of touch with.

Sun, 05/06/2012 - 22:53 | Link to Comment AustriAnnie
AustriAnnie's picture

Crab Cake and Stockivity-

Your kids may look back and see the hard times as the best thing that ever happened to them.

I grew up in the middle of some tough times, but it opened my eyes, big time.  It taught me to question everything, always keep risk in mind, save for a rainy day, learn as many marketable skills as you can, and never, ever, EVER get complacent and assume you can't lose everything tomorrow.  And above all, don't get so worried and stressed that the stress alone kills you before any of the other evils of the world do.  Life is uncertain, but after enough tough times, you realize that just like every other time, you'll make it through.  

I feel sorry for my friends who are only now, for the first time, experiencing uncertainty and fear.  They don't have the skills to cope with it.

Good luck Crab Cake.  I'm sure you'll make it through.

 

Sun, 05/06/2012 - 21:19 | Link to Comment Uchtdorf
Uchtdorf's picture

Crab Cake, never give up. Your child needs you. Vow to yourself that you will protect the child no matter what. If you can't stack silver, stack ammo and food. Rice and beans and lots of bullets for whatever you own. Get relatives working on doing the same thing. Work as a team. 

Sun, 05/06/2012 - 22:31 | Link to Comment dogbreath
dogbreath's picture

lots of jobs in alberta for almost anyone that can do somthing.  used to be the only american plate one saw were on motorhomes, now its everyday cars.

Mon, 05/07/2012 - 01:14 | Link to Comment RockyRacoon
RockyRacoon's picture

Hang in there Crab Cake.  You're one of the good guys.  You will prevail.

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