Gold Up. Silver Up. USD... Up?

Tyler Durden's picture


Is this the overwhelming exodus of 'real-not-synthetic' Euros finding safety? Or just an aberration? It seems yet another event-risk-driven divergence is occurring as different asset-classes seem to be disagreeing over who will do the printing (when, not if, they print) and whether the mattress or barbarous relics offer most protection.


Chart: Bloomberg

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Fri, 05/25/2012 - 14:44 | 2463271 fourchan
fourchan's picture

run to reality debt slaves and all your debts will be wiped clean and then some thanks to the big printer in the sky.

Fri, 05/25/2012 - 14:46 | 2463290 The Monkey
The Monkey's picture

Just remember, Marc Faber himself was cautious on gold.  If gold and silver break long term trend lines on liquidation, we could get a cascade of selling before putting a floor underneath the PMs.

Fri, 05/25/2012 - 14:48 | 2463301 BeetleBailey
BeetleBailey's picture

.....also remember Faber could be 100% wrong....

Fri, 05/25/2012 - 14:51 | 2463317 idea_hamster
idea_hamster's picture

Blasphemy!  Oh, you'll smoke a turd in hell for that!

Fri, 05/25/2012 - 15:00 | 2463346 nope-1004
nope-1004's picture

Again, referencing a broken paper Crimex game.

I hope we get a paper cascading effect.  Let's get this USD proxy-of-a-reserve-currency-manipulative-tool replaced already.


Fri, 05/25/2012 - 15:07 | 2463385 godgunsandgold
godgunsandgold's picture

.....even as we speak....

Fri, 05/25/2012 - 15:11 | 2463402 Mark Carney
Mark Carney's picture

ZH feeds me with so much information that I can't keep up anymore and there is no room to put this info...brain all full :/

Fri, 05/25/2012 - 15:14 | 2463407 debtor of last ...
debtor of last resort's picture

keep stacking

Fri, 05/25/2012 - 16:46 | 2463685 Think for yourself
Think for yourself's picture

I hope that when the paper price heads to 0, it won't do so too violently - because if it crashes in a way that doesn't make sense the paper/physical dislocation might start way earlier.

I'd be so glad to keep stacking some more at 15-20$ per oz! 

Fri, 05/25/2012 - 17:08 | 2463727 strannick
strannick's picture

Golds risk on just became safe haven. Just in time for raised debt ceilings and ended Operation Twist

Fri, 05/25/2012 - 17:19 | 2463754 Dugald
Dugald's picture

15 to 20  Oooooooooo yes please, pretty please!!!!!!

Fri, 05/25/2012 - 15:04 | 2463371 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

I remember back in the day I bought some smokables on the beach in Spain that turned out to be exactly, I think. I was still in heaven tho

Fri, 05/25/2012 - 15:09 | 2463397 fonzannoon
fonzannoon's picture

They just had Schiff on CNBS and I could not believe my eyes. They had him debate a doorknob and when the doorknob took the usual position the anchors actually backed Schiff. Never seen that before.

Fri, 05/25/2012 - 15:12 | 2463403 bdc63
bdc63's picture

that's because he was talking about a country other than the US.  they only laugh at him when he talks about the crooks at the FED and the ponzi scheme that is the US economy

Fri, 05/25/2012 - 15:24 | 2463440 Papasmurf
Papasmurf's picture

Schiff vs a doorknob is a fairly even match.  I'm sorry to have missed it.

Fri, 05/25/2012 - 16:40 | 2463670 tmosley
tmosley's picture

Why so butthurt?

Fri, 05/25/2012 - 15:01 | 2463361 barliman
barliman's picture


He could star in a remake of "The Jerk" ...

and we would only need to rewrite one scene to make it topical.

"... He hates these gold bars. Stay away from the gold bars."


Fri, 05/25/2012 - 14:50 | 2463313 1100-TACTICAL-12
1100-TACTICAL-12's picture

i hope the floor is far below i need more.

Fri, 05/25/2012 - 21:47 | 2464296 The Monkey
The Monkey's picture

I think the floor is far lower.  The mining stocks really tell the tale to me.  Silver is probably a pretty awesome short at these prices.

Fri, 05/25/2012 - 14:50 | 2463314 rfaze
rfaze's picture

Hedge by shorting Euros and on days like today you will be happy like me.

Fri, 05/25/2012 - 14:51 | 2463318 Kreditanstalt
Kreditanstalt's picture

Tired of that...we've had "a cascade of selling" in gold for MONTHS already....does it have to go to ZERO for the dinosaurs?

Fri, 05/25/2012 - 15:03 | 2463369 barliman
barliman's picture


Not at all!

Personally, once it hits $ 32/oz I am planning on backing up a semi to take my delivery from APMEX.


Fri, 05/25/2012 - 15:30 | 2463462 DosZap
DosZap's picture

Yesterday, the only thing holding Green was Silver,today it went Red,(overnight it hit 27.88) while all else was Green............WHO da hell knows.

Fri, 05/25/2012 - 21:54 | 2464308 The Monkey
The Monkey's picture

Anyone who is a bear on the PMs, which includes me, sees it as a mania (at least at this point).  Gold is awesome & it is good to have some just in case.  But - when the ads are running everywhere, family members are talking about talking about getting into the business and you see lines of people lining up outside the coin shop to sell their gold, you know you have a big problem and potentially the bottom could fall out.

When everybody hates gold, I'll be a buyer.

Sat, 05/26/2012 - 04:55 | 2464822 HungrySeagull
HungrySeagull's picture

Hm. That day may come still.

Fri, 05/25/2012 - 14:51 | 2463319 Bam_Man
Bam_Man's picture

So what?

Who cares if you are not buying it for a quick trade.

Fri, 05/25/2012 - 15:44 | 2463497 Hal n back
Hal n back's picture

Heck--you have to be careful buying names like CAT IBM DELL HPQ TIF XOM MSFT GOOG  APPL


last few weeks have not been so great for these


(or JPM MS FB C)



Fri, 05/25/2012 - 14:55 | 2463337 Ruffcut
Ruffcut's picture

Everybody likes it going up, just like a ho for the more boners the better.

Fri, 05/25/2012 - 14:43 | 2463272 MaxVernon
MaxVernon's picture

Strange days, indeed!

Fri, 05/25/2012 - 14:57 | 2463345 Stoploss
Stoploss's picture

Glad it's not just me.

Dollar / gold strength together is a brow raiser alright. 

Im thinking CB's buying again. The MO seems familiar a la '08 '09 ish.

Fri, 05/25/2012 - 16:09 | 2463551 slewie the pi-rat
slewie the pi-rat's picture

and yet this isn't the first time since the EUR fell off the branch, as i recall

so we have some currencies where gold is goin UP and paper is going DOWN

CAD EUR CHF all are down and their holders may be trading for PMs here, especially on the dips, until things become clearer econometrically, financially, and fiscally

i saw this while i was replying to you, and it is excellent, here, Stoploss {as is this analyst, generally, imo}:

Will Gold Fall All the Way with the Euro?
By: Julian D. W. Phillips

and he agrees with you!  and focuses on the nations and reserves

but, he also has some of my stuff too, seeing india buying being "delayed" by the falling rupee, though, for now...

Fri, 05/25/2012 - 14:44 | 2463277 Race Car Driver
Race Car Driver's picture

Early holiday - no one minding the manipulation.

Fri, 05/25/2012 - 14:51 | 2463316 NotApplicable
NotApplicable's picture

Just those poor, lonely bots.

Fri, 05/25/2012 - 15:00 | 2463355 Ookspay
Ookspay's picture

+ 1

You gotta love Gallows Humor... I laughed until I cried.. USD, the prettiest horse in the glue factory.

Fri, 05/25/2012 - 14:46 | 2463278 Dr. Engali
Dr. Engali's picture

But I was told gold isn't a safe asset. If I want safety I am supposed to buy treasuries. You can count on the integrity of the U.S. gov. ,right? this thing on?

Fri, 05/25/2012 - 14:48 | 2463304 NotApplicable
NotApplicable's picture

I've been counting on their integrity for years and years.

Never had it. Never will.

Fri, 05/25/2012 - 14:53 | 2463327 barliman
barliman's picture


LOL ...

... just because you are talking  does not mean their is ANY intelligence on the other end of the line.


Fri, 05/25/2012 - 15:11 | 2463400 CvlDobd
CvlDobd's picture

"Hello? Hello!" Everybody's there!"

- George Carlin

Fri, 05/25/2012 - 14:44 | 2463283 LongSoupLine
LongSoupLine's picture



Just another day of the man behind the curtain controlling Oz.

Fri, 05/25/2012 - 14:44 | 2463284 the 300000000th...
the 300000000th percent's picture

Any minute now, waiting on the late day rumor rally to push the dow into green territory to end Friday on a happy note

Fri, 05/25/2012 - 14:50 | 2463310 CvlDobd
CvlDobd's picture

I have my new catch phrase waiting in the wings for that moment.

Fri, 05/25/2012 - 15:39 | 2463490 tekhneek
tekhneek's picture

C'mon give us a taste

Fri, 05/25/2012 - 14:46 | 2463294 BeetleBailey
BeetleBailey's picture

FX client accounts:

LONG XAU/USD & XAG(ONC)....I'm are they.

Fri, 05/25/2012 - 14:55 | 2463334 fourchan
fourchan's picture

the build bergz first keystone is the euro, the second the amero, and the third an asian currency.

maybe the destruction of the euro will set them back 50 years or so from raping us.

Fri, 05/25/2012 - 15:07 | 2463380 barliman
barliman's picture


"The raping will continue until morale improves."

I guess lying about Consumer Confidence just won't be enough.


Fri, 05/25/2012 - 14:49 | 2463308 nomorebuyins
nomorebuyins's picture

Oops, took their finger off of the button for a second. Release the ramp!

Fri, 05/25/2012 - 14:50 | 2463312 Bam_Man
Bam_Man's picture

The robots were given the day off.

Their masters are already partying out in the Hamptons.

Fri, 05/25/2012 - 14:52 | 2463321 NotApplicable
NotApplicable's picture

Well, it is International Geek Pride Day, after all.

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