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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 - breakdown by usage, by nation (jewelry), by nation per-capita (tons) - 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 - 09:55 | 2351194 Capitalist
Capitalist's picture

Mr Geithner what's the risk that gold spikes above $2000/oz as central banks print?

Geithner: No risk of that.

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. - 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....

Tue, 04/17/2012 - 10:23 | 2351296 engineertheeconomy
engineertheeconomy's picture

Central Bankers worst nightmare is going to come true soon, your local bullion dealer won't be able to keep GOLD on his shelves because of demand. Right now the central bankers are melting down their large bars to pour small bars and coins to keep the shelves in stock. Once the shelves are emptied, GOLD will skyrocket and the EASILY PRINTABLE PAPER GLD will either keep up or fall to ZERO where it belongs

Tue, 04/17/2012 - 13:00 | 2351949 prole
prole's picture

Or they'll smack the price of gold back down to 1200, for starters. They can do whatever they want. How does anyone know what they are GOING to do? I don't know. Does anyone here know? (those who do know, aren't talking)

Tue, 04/17/2012 - 14:34 | 2352270 Troll Magnet
Troll Magnet's picture

i don't believe gold will fall to the $1,200 range because chinese and others will be all too happy to load up their trucks if/when gold falls to $1,500-$1,520.  just my wild guess.  personally, i'm looking to load up on more silver right now.  just because.

Tue, 04/17/2012 - 10:03 | 2351224 DeltaCharlie
DeltaCharlie's picture

Someone didn't update the text in that document? Didn't they just capitulated on increase import tax on gold after a jewelers' strike a few weeks ago?

Should have known governments lie through their teeth. 

Tue, 04/17/2012 - 10:17 | 2351226 q99x2
q99x2's picture

Enter to Win. Dinner with Barak.

Gloom's not coming in fast enough here. I'm off to Alex Jones and the USGS.

Tue, 04/17/2012 - 10:06 | 2351239 Theta_Burn
Theta_Burn's picture

India rates @ 8%...

In todays world, they look better than most


Tue, 04/17/2012 - 11:33 | 2351596 Bam_Man
Bam_Man's picture

Not so good when "reported" inflation is running at 9.1% and the actual rate is much higher.

Tue, 04/17/2012 - 13:07 | 2351969 prole
prole's picture

In America, your gold bug is rare, most Sheople are flag waving, offspring sacrificing (to military industrial complex) paper money believing in fembots.

In India, the humble and the average, if they have any capital at all, hold gold, and are not so concerned about paper money scams and inflation of joke 3rd world currencies. They take that for granted (especially the wealthy) that is why they hold gold.

Tue, 04/17/2012 - 10:09 | 2351241 Bansters-in-my-...
Bansters-in-my- feces's picture

Down over $17.00in like 3 miniutes.....

Fuck Yous Bankers.....

Your day is comming.

Tue, 04/17/2012 - 10:12 | 2351253 Yogieu
Yogieu's picture

Send them card with your gratitude - you can buy more cheaper :)

Tue, 04/17/2012 - 11:10 | 2351475 anonum
anonum's picture

lol, Look at the rebound. Gold just got angry?

Tue, 04/17/2012 - 10:45 | 2351369 toothpicker
toothpicker's picture

Nice world: algos trading on lies. What can go wrong?

Tue, 04/17/2012 - 10:09 | 2351242 _underscore
_underscore's picture

Luckily, I can afford to have 'strong  hands' in the PM game & these obvious manipulations make me even more determined to keep in the game until the bullshit unwinds & lands in their cheating faces. In fact, I feel a bit like a gold 'freedom fighter' - you know, the more they knock you down, the stronger you get up.

Perhaps rather contrarily, the more the game becomes obvious, the more bullish it is for me - if gold was 'just a commodity' they'd hardly bother with all the shenanigans would they?  Proof positive.


Tue, 04/17/2012 - 10:09 | 2351243 zilverreiger
zilverreiger's picture

they want irans oil for gold cheaper?

Tue, 04/17/2012 - 10:09 | 2351244 savagegoose
savagegoose's picture

WTF when is lower  interest rates meant to  decrease the worlds appetite for gold?  gold is a haven for money when there is no interest payments!  fuck it, %15 interst rates is what destroyed gold at $800 back in the 80's



Tue, 04/17/2012 - 10:12 | 2351262 DeltaCharlie
DeltaCharlie's picture

good point @ zilverreiger.... maybe this is just a ruse so to appear that they are trying to go along with US sanctions. Say one thing, do another!

Tue, 04/17/2012 - 10:32 | 2351311 Zero Debt
Zero Debt's picture

Gold thrives in negative real interest rates. India's real rates just got even more negative. India's leaders know this. They are running huge deficits and need to print massively. They are running inflation as high as they can without provoking social unrest. And now they are trying to talk down gold. Last few weeks they tried to kill gold with taxes. Now they are trying to use propaganda to mitigate the effects of easing. India has to bail out itself. It is the old Fed playbook post Operation Twist. Why are they even bothering to talk about gold, if they didn't have this issue? The fed is playing this trick constantly. No wonder, because gold was creeping back over 1650 again. Next stop 1680 would happen rather soon and once 1680 is taken out, it will get to 1705 or even 1720 rather quickly. Lots of new spec shorts would be in pain over 1660 already. I believe it is getting rather hard for the shorts to hold 1650 now, I for one would be sweating on a daily basis while looking at the SMA:s. It is more of Pavlovian mass psychology market conditioning: ease + talk down gold + hit gold with outright market ops.

Tue, 04/17/2012 - 10:50 | 2351385 Zero Debt
Zero Debt's picture

In case you haven't seen it, Rupee gold is exploding, near 90,000 Rupees!!

"Chart of the day"

If you were the Indian central bank and you saw this chart.....
You would have to ask yourself...
"What shall I tell my boss when it goes to 100,000 rupees?!!!"
Maybe just go drown myself in Gagnes....

Tue, 04/17/2012 - 11:30 | 2351247 Stuart
Stuart's picture

BTD.  Lets see if there's intelligent life out there to see through this blatant market management and take advantage of it.  

Update: Apparently there was intelligent life able to see through that BS after-all.  

Tue, 04/17/2012 - 10:10 | 2351251 monopoly
monopoly's picture

Your words are not even worth a reply if you think gold is in a bubble and fiat money is anything but worthless. Suggest you move on to the cnbc website where your views are appreciated with the other "brilliant ones".  We really have no use for you here.

Tue, 04/17/2012 - 10:13 | 2351256 paddy0761
paddy0761's picture

To quote The Black Knight:

 "It's just a flesh wound".


Tue, 04/17/2012 - 10:17 | 2351265 mogul rider
mogul rider's picture




coincides with the current website attack on king world news. The site is down right now.


Anonymous we need assistance here. Can you guys tear the MAN a new asshole


thanks in advance

Tue, 04/17/2012 - 10:33 | 2351328 paddy0761
paddy0761's picture

Good old Eric must have tried to post something too juicy.

Tue, 04/17/2012 - 10:37 | 2351348 Zero Debt
Zero Debt's picture

I was just wondering.. why KWN was down...

Tue, 04/17/2012 - 10:14 | 2351266 Silveramada
Silveramada's picture

YEAH! we buy more of that shiny stuff you tards! keep give us discounted prices now: more profit later when gold is 7000$ and silver is 600$!!! BUAAAHHAHH!

Tue, 04/17/2012 - 10:19 | 2351268 caconhma
caconhma's picture

Central Banker just forgot silver. It is stable.

Comodities are almost all up: agriculture, oil, etc.,

The boat is leaking! They might keep gold in check but what about other commodities. Regardless of what they do, they are doomed. The terminally sick patient just got LSD...


New world reserve currency will be iPad. Everybody wants it specifically the USA and China.

Tue, 04/17/2012 - 10:49 | 2351380 toothpicker
toothpicker's picture

they forgot to turn on the Mega Silver Algo Bashing Machina

Tue, 04/17/2012 - 11:42 | 2351638 caconhma
caconhma's picture

One more thing: people , you are all wrong!

The flood of fiat money must go somewhere. There are no ifs or maybes about it. Therefore, the Zionist Banking Mafia would rather see gold at $3,000 than gas at $5-7/g or bread at $10. After all, Joe-sixpack is not watching gold prices...

So, be ready to see gold prices go exponentially up very soon!

Tue, 04/17/2012 - 10:17 | 2351269 RoadKill
RoadKill's picture

Subject gold and all raw gems and jewelry to a 25%-50% luxury sales tax. :)

Tue, 04/17/2012 - 10:27 | 2351315 engineertheeconomy
engineertheeconomy's picture

Subject the Dollar to sales tax when they print it, but demand payment in GOLD

That'll fuck em up

Tue, 04/17/2012 - 10:17 | 2351280 Schmuck Raker
Schmuck Raker's picture

More info about the government's efforts to help homeowners at this link:


Wed, 04/18/2012 - 00:15 | 2353681 StychoKiller
StychoKiller's picture

That link is FUBAR!

Tue, 04/17/2012 - 10:18 | 2351282 Venerability
Venerability's picture

Clearly they are just trying - desperately - to preserve Princess Dennis's reputation, which is now in tatters.

Let's see if we get the exact same thing we got with the Brent Stocks yesterday: Brent artificially taken down, Brent Stocks UP nicely.

Reprise pattern today could be Gold artificially taken donw, Gold Stocks UP nicely.

And once again: We are in for some literally humongous - momentous - sector M&A, because it won't be based on juniors, but on takeouts and mergers-among-equals of XAU, TSX Gold, and HUI components.

It is about to start. Fasten your seatbelts. 


Tue, 04/17/2012 - 10:34 | 2351294 Paul Atreides
Paul Atreides's picture

The war on gold is ramping up. Two key articles on gold this month came out on King World News

The first: London Trader – Fed’s Global War Against Gold Escalating

The second: Expect Another $17 Trillion of QE & War in Gold

You can read the partial articles with the links above but the originals are unavailable atm (if anyone has alternate links please reply with them). TPTB did not want this information released to the genpop so they have run DOS and other attacks on the servers. The KWN servers are on lockdown (protected) for the time being.

What does this mean? Gold is a spring which is ever being more tightly squeezed by central planning, the sovereigns needs as much as they can for leverage when SHTF so they are dumping paper gold in step with relevant geopol news, smashing down the price then quietly loading up with physical.



Tue, 04/17/2012 - 10:35 | 2351335 engineertheeconomy
engineertheeconomy's picture

so they are PRINTING paper gold, smashing down the price

there, fixed it

Tue, 04/17/2012 - 10:26 | 2351295 mogul rider
mogul rider's picture

I have zero time for gold pumpers but I also accept that sometiems differing opinions needs ot come together to bend the man over.

This is one of them



Gold plummets though a nothing floor for no reason other than:


King world site down on attack - happened on april 5 and 11th too

Canada's central bank troll threatens interest rate increase which is simply a gold attack.

They know that folks around the net go to Eric's site for a quick update and here. I would imagine Tyler you are next......



Tue, 04/17/2012 - 10:31 | 2351324 GlenD
GlenD's picture

why is gold sachs trying prove us gold sucks all the time. Make it rise you axxxholes


Tue, 04/17/2012 - 10:35 | 2351337 Flying Wombat
Flying Wombat's picture

Nice to see ZeroHedge covering this story.  Most in the media don't have the cojones, even when it's known and reported that manipulation of all other things related to money (interest rates, bond purchases, and on and on) is right out in the open.

Tue, 04/17/2012 - 10:38 | 2351347 icanhasbailout
icanhasbailout's picture

BTFD - but only on things where the underlying value can't be inflated away.

Tue, 04/17/2012 - 10:38 | 2351350 Kina
Kina's picture

So the Fed and their bullion bank mates are actually acting in a Treasonous manner. Manipulating gold as low as they can, where it can be bought up in greater quanitities by other governments.

Wonder if they will end up executing some people for treason when it is realised they have given Asia all the gold and made the US an economic weakling.


Blatant open corruption in your face by the Fed and bullion banks. They know we know they are corrupt and breaking laws. They know that we know they own the regulators and politicians, so they wont be bought to account and punnished.....unless of course the shit hits the fan propertly and the US economy crash 2 x 1929. Then nothing will save them from the truth commissions that will follow.


They ought to study history to know what is going to happen to them.

Tue, 04/17/2012 - 10:41 | 2351356 paddy0761
paddy0761's picture

Interestingly, I was watching the HUI & XAU closely throughout that little smackdown and neither of them seemed to buy into it. The $BPGDM looks like it has bottomed with gold making a higher low (right shoulder); which is usually a good sign.$BPGDM&p=D&yr=3&mn=0&dy=0&id=p44946649940


Tue, 04/17/2012 - 10:43 | 2351359 engineertheeconomy
engineertheeconomy's picture

If you all would do as I do and go buy physical every time they do this, eventually they would have to stop because there would be no physical left on the shelves and this would cause the price of physical to skyrocket

The war with the central bankers is being fought on the shelves of your nearest bullion dealer

Supply and demand

There, on the shelves

Believe it


Tue, 04/17/2012 - 10:44 | 2351361 Confundido
Confundido's picture

ECB margin calls met with forced gold sales...Makes sense? Did anyone notice that the selling algo is now before 10am. It used to show up at 10:30, then at 10am.

So, now they got us back to a floor of $1,636. A lower low. Which means they need to make lower highs = They won't let $1,650 happen again, in a long, long time.


Tue, 04/17/2012 - 10:59 | 2351423 paddy0761
paddy0761's picture

$1650 might be tested sooner than we think.

Tue, 04/17/2012 - 12:53 | 2351916 squib
squib's picture

$1652 two hours after the guy above you posted. Not bad if you are a bacterium.

Great call about not seeing $1650 for a while, wow. Hope you posted it on facebook.

Tue, 04/17/2012 - 14:24 | 2352233 smiler03
smiler03's picture

Indeed. It actually opened at $1652 ;O)

Tue, 04/17/2012 - 10:44 | 2351367 SDRII
SDRII's picture

Bloomberg joins the party suggesting: "March Gold Sales Drop as Stability Returns, Perth Mint Says"



Tue, 04/17/2012 - 10:57 | 2351408 paddy0761
paddy0761's picture

Mmmm. I bought from The Perth Mint in March; obviously I didn't buy enough.

Tue, 04/17/2012 - 10:47 | 2351370 Al Huxley
Al Huxley's picture

Or it could just be that there's a big chunk of April GLD options (put and call) in the 160 neighborhood, and pegging the price at that level for the next few days will make those options more or less worthless.  So it's just good financial management if you're an options writer/bullion bank.

Tue, 04/17/2012 - 10:49 | 2351382 Kina
Kina's picture

THe Fed pathetic. Trying to block the truth by blocking King World News, as though there are not another 10,000 holes in they dyke all over the world.

The Fed will have to get Obama to turn off the internet in the USA.

No Turth allowed in the USA.


So which one is Stalin?

Tue, 04/17/2012 - 10:49 | 2351386 xela2200
xela2200's picture

An FukTard is talking down oil. I think Bernake and Obobo are going to get a lesson on capitalism real soon. The sad part is They won't learn just blame something or someone.

Tue, 04/17/2012 - 10:50 | 2351388 Kina
Kina's picture

"March Gold Sales Drop as Stability Returns, Perth Mint Says"


Not good, means the Perth Mint might be paid for corrupt shills for the Fed. Do you then trust them with Gold and Silver purchases, if they can come out with such blatantly ignorant nonsense?

Tue, 04/17/2012 - 11:05 | 2351448 xela2200
xela2200's picture

It just means that buyers are exhausted. The side ways grind is painful. Well, if making money was easy, we would live in an utopia.

Tue, 04/17/2012 - 10:57 | 2351407 JJSF
JJSF's picture

30k contracts were sold at market today before the pm fix..that probably had something to do with it.  Anyone have idea just who it could have been? Anyone?...  nothing to do with the 4000 contracts sold at market last friday..

Tue, 04/17/2012 - 11:15 | 2351491 maneco
maneco's picture

The problem is that gold futures are now traded electronically instead of on the Comex floor so it almost impossible to know who is doing the selling.

Tue, 04/17/2012 - 11:15 | 2351505 Acet
Acet's picture

Interestingly, Gold is already back up almost to the level it was before all this bull.

Doesn't look a lot like a case of weakness in the Gold price. Maybe somebody has some outstanding derivative for which today's PM fix price was important?


Tue, 04/17/2012 - 11:01 | 2351438 Thoresen
Thoresen's picture

Kingworld News off-line again.

One of those interviews has really upset someone!

Tue, 04/17/2012 - 11:05 | 2351445 Thoresen
Thoresen's picture

How long before Zerohedge gets taken down???????????

Tue, 04/17/2012 - 11:15 | 2351499 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

In the long run, this is very bullish for the "Global Riots and Civil Unrest ETF".

Nasdaq symbol: SNAFU

Tue, 04/17/2012 - 11:27 | 2351566 Sleepless Knight
Sleepless Knight's picture

Its 11:25 am eastern time - gold recovered the initial hit.

Tue, 04/17/2012 - 11:34 | 2351603 The Continental
The Continental's picture

Interest rate cuts and gold price drops?  We are truly living in bizarro world. This is a Darwinian Inflection point for the world population, one that separates those who will survive economically from those who will perish. TPTB are determined to keep gold out of the hands of the masses while they systematically destroy all paper wealth. These same people have been buying gold furtively, believe it. You must own physical gold and silver because these are the only stores of wealth beyond the reach of government. Western governments are insolvent and soon to be bankrupt. They will dilute their currencies, sieze the people's pensions and savings, and destroy their currencies before they finally capitulate to the basic law that says that there is no free lunch and all welfare states end in collapse. Gold and silver have passed unscathe through numerous prior episodes of human arrogance and economic boom and bust. This is nothing new, if you know your history.

Tue, 04/17/2012 - 11:39 | 2351630 darteaus
darteaus's picture

Simple: It just shows that the RBI is now buying gold like the PBOC, Bank of Russia, Brazil, etc.

Tue, 04/17/2012 - 11:54 | 2351702 Central Wanker
Central Wanker's picture

Gold is back. This was the weirdest dip for quite a while.

Repeat after me: There's no manipulation.

Tue, 04/17/2012 - 14:32 | 2352248 smiler03
smiler03's picture

Why is it weird if it's a dip but normal if it surges upwards? Like on the 12th April. Here you go, have your cake and eat it too. 

Tue, 04/17/2012 - 12:22 | 2351801 tocointhephrase
tocointhephrase's picture

and......bounce...come on bitchez.......bounce

Tue, 04/17/2012 - 12:26 | 2351824 Drashta
Drashta's picture

I would make three points about Gold in India:

A large part of the economy in India operates outside the goverment and regulatory perview and therefore what the government intends or declares does not have much impact.

There is a tendency to hoard something that is in short supply - in India it specially applies to gold.

There is a deeply ingrained cultural bias to look at gold as real money versus paper money.

Until the 1990's import of gold was highly restricted (almost banned) by the government and still India was the largest importer in the world through inward smuggling.

Tue, 04/17/2012 - 13:30 | 2352039 Stuck on Zero
Stuck on Zero's picture

How ironic.  People mine gold from the earth and send it to market, people buy it and bury it in the earth.  Does that make gold bugs green minded recyclers?

Tue, 04/17/2012 - 15:21 | 2352413 Silversem
Silversem's picture

I am happy with my goldminingstocks and i still love to trade gold with cfd's. No central bankster can change that!

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