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Gold Sliding On Central Banker Script - First India Cuts Rates, Next Tries To Talk Down Gold

Tyler Durden's picture


Gold has moved rather rapidly in the past few minutes and many are scrathcing their heads just why this is happening?

The reason is simple: central planning script 101, page 1. As we noted earlier, the RBI did a very surprising overnight repo rate cut from 8.5% to 8.0%, the first in three years, and in other words it has just joined the global central planning cartel in attempting to stimulate the economy nominally, even as inflationary packets still abound across the land (see China), by reliquidifying. Yet what does that mean from a modern monetarist standpoint: why crush gold as an alterantive to the local paper currency of course.  Sure enough:


And there you have it: because the last thing India needs is a surge in gold buying now that it too has joined the global reliquification parade. That said, we are curious in what parallel universe will liquidity easing result in less demand for hard assets. Ask the algos who are selling on nothing but headlines, yet oddly ignoring the fact that India and now Austrialia appear set to enter the race to CTRL-P's bottom.

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Tue, 04/17/2012 - 09:55 | 2351192 Debtless
Debtless's picture

Tradition just went on sale this morning. Get you some.



Tue, 04/17/2012 - 09:58 | 2351207 Badabing
Badabing's picture

gold bashing bitchez

Tue, 04/17/2012 - 10:08 | 2351240 GetZeeGold
GetZeeGold's picture



Just a little intervention.....courtesy of the BIS.


Tue, 04/17/2012 - 10:11 | 2351255 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Two years ago on the day I started the BUY SILVER - CRASH JPM MOVEMENT.  This moveent was designed to not only crash JPM, but crash the dollar, and it gives us comtrol of the monie supply, and our right of equal exchange and fair value.  Ya'll know the drill.....


Tue, 04/17/2012 - 10:13 | 2351263 tmosley
tmosley's picture


Tue, 04/17/2012 - 10:46 | 2351373 tocointhephrase
tocointhephrase's picture

We love you Max!

Tue, 04/17/2012 - 11:07 | 2351464 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I am not Max, and Max does credit Zero Hedge with starting the Buy Silver - Crash JPM Movement, as he should, since the post I made that summerized our motives was in due fact because he pointed out JPM's short position, and everyone was yelling about a Comex default.  I just put 2+2 together.....on Zero Hedge....2 years ago today.

Tue, 04/17/2012 - 11:34 | 2351608 AldousHuxley
AldousHuxley's picture

indians are compulsive liars who are trying to out lie Jews in their own ponzi scheme.





Tue, 04/17/2012 - 11:35 | 2351620 HoofHearted
HoofHearted's picture

How about that nice V-shaped recovery just as the TOTUS speaks? Or is that a "V for Vendetta"?

Wed, 04/18/2012 - 02:55 | 2353923 MeelionDollerBogus
MeelionDollerBogus's picture

That's not a V, it's a roshambo


Tue, 04/17/2012 - 12:19 | 2351795 SilverRhino
SilverRhino's picture

Indians have a unique take on the English language -

It's pronounced CHEAP, it means SMART.  

Tue, 04/17/2012 - 14:20 | 2352223 TheGardener
TheGardener's picture

Indians are marvellous and no threat to anyone because
of lack of chutzpah. The religiously impaired part of
British India got amputated and is as intended only a threat
to herself.

Wed, 04/18/2012 - 02:53 | 2353917 MeelionDollerBogus
MeelionDollerBogus's picture

"and everyone was yelling about a Comex default.  I just put 2+2 together.....on Zero Hedge....2 years ago today."

COMEX defaulted, JPM didn't


Tue, 04/17/2012 - 10:51 | 2351391 JustObserving
JustObserving's picture

What you forget is that we do not have fair and free markets.  The Crimex increased margin on silver 5 times in just 8 days (up 84%) in May 2011 to crush investors.  Sorry, JPM won that round hands down and made billions. Unless the Chinese and Indians pitch in, the Morgue will win the next round too.


Tue, 04/17/2012 - 11:44 | 2351655 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The great thing about the Movement is that we buy an item, silver, with great value, intrinsic value, with fiat money that has no intrinsic value.  No matter the short term price fluctuation, we have collateral.  And in due time, as long as we continue, we can take down the great Beast upon us, JPM, and it's proxie banking system.

Tue, 04/17/2012 - 13:24 | 2352022 Stuck on Zero
Stuck on Zero's picture

I'll provide the bank account number.  You send me that worthless fiat. 

Tue, 04/17/2012 - 16:57 | 2352691 Island_Dweller
Island_Dweller's picture

JustObserving wrote : 'The Crimex increased margin on silver 5 times in just 8 days (up 84%) in May 2011 to crush investors.'

I wouldn't call long, margined, paper traders "investors".

Tue, 04/17/2012 - 10:49 | 2351339 whatsinaname
whatsinaname's picture

The Indian rate cut looks very ill-timed considering headline inflation is barely under control.


Just wondering how Gold pricing (the real pricing) based on actual global consumption, annual production happens ? Is there a production / consumption report one can refer to somewhere.. Not the futures pricing !!

Wed, 04/18/2012 - 02:41 | 2353900 MeelionDollerBogus
MeelionDollerBogus's picture

http://www.kitco.com/ind/Holmes/holmes_feb222010.html - breakdown by usage, by nation (jewelry), by nation per-capita (tons)

http://www.kitco.com/charts/CPM_charts.html - highly detailed but data ends at 2009


Tue, 04/17/2012 - 09:59 | 2351211 dereksatkinson
dereksatkinson's picture

And people wonder why so many of us have lost faith in government...

Tue, 04/17/2012 - 10:23 | 2351298 Schmuck Raker
Schmuck Raker's picture

You can't lose what you never had...

Tue, 04/17/2012 - 11:17 | 2351519 Money 4 Nothing
Money 4 Nothing's picture

Punish the savers and investors. Free market my ass. These PM's have been locked in a predetermined trading range and at the end of the month, your net -0- it seems to me.

Tue, 04/17/2012 - 13:32 | 2352049 lemonobrien
lemonobrien's picture

options end this week; and PMs are basically an end game; watch what happens when everyone tries to save their own asses.

Tue, 04/17/2012 - 10:00 | 2351210 Money 4 Nothing
Money 4 Nothing's picture

If Gold spikes and holds $2,000 troy oz, then they all become proven liars and the scharade is exposed. That's a big part of their cover up.

Tue, 04/17/2012 - 10:06 | 2351237 mushi
mushi's picture

No. They will just continue like nothing happened, like they've done many times already. Nobody is putting their heads on a plate so they can continue to do what the f*** they want. And they will.

Tue, 04/17/2012 - 10:36 | 2351343 HoofHearted
HoofHearted's picture

Eventually those shorts have to be covered or delivered. Imagine my shock when the NYFed and Ft. Knox have nothing in them. Nobody could have predicted it...nobody. (And this is certainly not a predicition or anything.)

Tue, 04/17/2012 - 13:26 | 2352027 Stuck on Zero
Stuck on Zero's picture

Naked shorts are easy to cover.  Smash the price with more longer term naked shorts and then cover your near term shorts.  You can do this for frickin forever.

Tue, 04/17/2012 - 09:56 | 2351197 MFL8240
MFL8240's picture

This fucking con game is now global! 

Tue, 04/17/2012 - 10:01 | 2351217 GeneMarchbanks
GeneMarchbanks's picture

Alert FOX, there's a War on Gold!

Tue, 04/17/2012 - 10:09 | 2351248 GetZeeGold
GetZeeGold's picture



Murdock has his hands full as it is.


Tue, 04/17/2012 - 13:34 | 2352053 lemonobrien
lemonobrien's picture

war on gold since '71

Tue, 04/17/2012 - 10:07 | 2351232 dereksatkinson
dereksatkinson's picture

Well considering they lost the battle to tax gold, this was the next best thing they could come up with.

Tue, 04/17/2012 - 10:11 | 2351250 EscapeKey
EscapeKey's picture

It has been for a long time;


"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences." 
  -- Quote from Caroll Quigley's Tragedy and HopeChapter 20

Tue, 04/17/2012 - 10:18 | 2351278 maneco
maneco's picture

They (Central Bankers) meet monthly at the BIS in Basel, Switzerland! The BIS is the man behind the curtain.

Tue, 04/17/2012 - 09:58 | 2351199 SHEEPFUKKER

Inflation with no inflation protection.  So awesome. 

Tue, 04/17/2012 - 10:01 | 2351214 MillionDollarBonus_
MillionDollarBonus_'s picture

This bubble is well overdue for a collapse. We had the blow-off top at 1900+, and we had the bull trap retracement to 1790. This is the final stage of the gold bubble: capitulation. I feel genuinely sorry for goldbugs right now. I have warned them countless times to get out of this bubble, but each time my warnings have been met with dismissal and verbal abuse.

Tue, 04/17/2012 - 10:03 | 2351223 fonzannoon
fonzannoon's picture

I believe MDB just laughs out loud as he hits submit.

On a side note this chick on my pop up ad that supposedly lives 2.8 miles away from me and is dying to chat with me is starting to wear on me. I have not clicked on her request yet but I must admit I take an extra look around the supermarket to see if she does exist....

Tue, 04/17/2012 - 10:10 | 2351254 GetZeeGold
GetZeeGold's picture



Yes...because the 16 trillion debt bubble.....will never burst. It will just grow larger.


Tue, 04/17/2012 - 10:24 | 2351307 chubbar
chubbar's picture

I live in a small town and it is essentially a sausage fest around here. The few women that do exist don't compare to the ones that supposedly live 10 minutes away and can only find a man via an anonymous chat room. Simply amazing how that works.

Tue, 04/17/2012 - 11:30 | 2351585 Think for yourself
Think for yourself's picture

Well, I currently live in Panama, and the latinas that supposedly want to date me on the side adds do not measure up to chicks I randomly meet on the street. Count me lucky.

Tue, 04/17/2012 - 10:03 | 2351225 francis_sawyer
francis_sawyer's picture

I predict a bubble in bad trolling...

Tue, 04/17/2012 - 10:17 | 2351270 engineertheeconomy
engineertheeconomy's picture

the Troll curve parallels the GOLD curve

Tue, 04/17/2012 - 10:06 | 2351231 Money 4 Nothing
Money 4 Nothing's picture

Not if you were in at $350.00.

Tue, 04/17/2012 - 10:05 | 2351234 Vendetta
Vendetta's picture

Yep.  Because gold isn't backed by ANYTHING.  /sarc off

Tue, 04/17/2012 - 10:12 | 2351259 GetZeeGold
GetZeeGold's picture



/sarc on.......and we can always print more gold.


Tue, 04/17/2012 - 10:08 | 2351245 junkyardjack
junkyardjack's picture

Gold will always be backed by rappers

Wed, 04/18/2012 - 02:27 | 2353878 MeelionDollerBogus
MeelionDollerBogus's picture


you been beat to that punch bowl too many times.

With all the top-calling failures and with Dennis flip-flopping off every deck of every boat he gets reeled onto in the vast sea of disinformation, you really don't have much room to joke no matter how you try to hide it.

2012 Apr 10 gold price performance 10 years | Flickr - goldpricemodel

Now's the time to get in gold and get in big. gld calls to buy > 90 days time remaining and stacking bars/coins. If you'd rather be more conservative throw the options out the window and just stack it. Silver's underperforming the 2x exponential performance vs gold it ought to have so... buy if you feel like it.

http://flic.kr/p/bzuBrS - 1.12x calculation & overlays of gold & silver USD spot prices

Who's afraid of the big bad wolf?

Tue, 04/17/2012 - 10:02 | 2351220 maneco
maneco's picture

It's probably Mikael Charoze of the BIS selling gold!

Tue, 04/17/2012 - 10:02 | 2351221 youngman
youngman's picture

You can bet your lifes finances that the Central Banks will use everthing they can to keep Gold down...they have to...they cannot allow an alternative currency or anything that looks like one.....that is a fact jack...but at some point they will not be able too....

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