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Gold Tumbles More Than $100 As $1700 Stops Triggered

Tyler Durden's picture




 

In what is increasingly peculiar market action, gold dropped over $100 intraday, following triggering of $1700 sell limits, at which point sell signals hit every bid all the way to $1685 then a knee jerk bounce appeared, in some rather chaotic late day trading in paper gold. Whether this is due solely to algo driven liquidations following the earlier described shift in sentiment, or has some assistance from central banks is irrelevant as anyone and everyone who is happy to convert paper fiat into hard currencies is taking advantage of this latest short-term rout, to prepare for the next battery of printing which will come with 100% certainty. Remember: as we have been saying since the summer of 2011, Bernanke needs a tumble in stocks to get a green light for more easing, and he obviously won't get that with the S&P where it is, nor with WTI still sticking to $107.

$1700 sell limits triggered:

 

Why 100% certainty? Because one you go exponential, you don't go back.

 

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Wed, 02/29/2012 - 16:44 | 2209566 Flakmeister
Flakmeister's picture

Double ouch....

Wed, 02/29/2012 - 16:47 | 2209579 BaBaBouy
BaBaBouy's picture

@ Ben Shalom ...

 

NICE Manip Job ...

Wed, 02/29/2012 - 16:54 | 2209631 fourchan
fourchan's picture

lol silly speculators,

my ounces are unfazed by these laughable reactions, they stand the test of time unlike the frn

or any other fiat currency.

Wed, 02/29/2012 - 16:57 | 2209652 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Or paper goled.

Wed, 02/29/2012 - 17:00 | 2209665 nope-1004
nope-1004's picture

Nothing peculiar about white collar crime.

 

Wed, 02/29/2012 - 17:04 | 2209685 trav7777
trav7777's picture

Silver got absolutely crushed too.

Did Pt hit parity there for a second or was I daydreaming?  My DGZ is rockin it today lol

Wed, 02/29/2012 - 17:12 | 2209739 gmrpeabody
gmrpeabody's picture

Sell the DZZ going into the close, and adding to the CEF.

Time will tell...

Wed, 02/29/2012 - 20:29 | 2209863 caconhma
caconhma's picture

Today, Bernanke & his associates tried to crush commodities to justify more printing claiming there is no inflation.

However, only Gold & silver went down.  Oil and agriculture did not go down at all. Oil even went up.

The bottom line: Bernanke has failed to drive commodities down! His Zionist masters are too much involved with Iran to assist their agent on daily bases. Oh yes, Iran wants gold for its oil!

Finally, Russia (who pumps 10M barrels/day) is helping US pertodollar system. Otherwise, the US economy would collapse in no times. Why does the Putin's Russia do it? Well, the Russian oligarchy (like Qaddafi did) keeps all their loot in Western banks. But Rutin government is unstable!!! Keep this in mind.

Wed, 02/29/2012 - 21:53 | 2210664 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Jewish leaders will be in Washington next week and a near term solution to the Mideast crisis will be penned.  Oil and gasoline prices "tank" (pun intended) along with other commodities for a time.  Just another opportunity, perhaps one of the last, to get into real assets.

Wed, 02/29/2012 - 17:15 | 2209754 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You have to be joking me. 

You own silver, but talk shit about it.  You own LOTS of gold, but short it.  You bought platinum, and what, sold it yesterday?

Wed, 02/29/2012 - 17:58 | 2209979 trav7777
trav7777's picture

I am long Pt short Au in paper, bud.  I said that a month or two ago.

WTF is the matter with you...who cares if you own physical or not, FRNs ARE STILL MONEY.  Make as fuckin many of them as you can and buy whatever floats your boat.  I have said this many times, I do not care what you stockpile to preserve your wealth, you can choose the paper notes of bankrupt States, you can choose barrels of oil, bars of gold, junk silver, pussies, land, whatever man...fuckin negative interest rate loans to insolvent institutions (savings account) if you want to.  It's your business.

WTF do you want, a fuckin echo chamber?  You "freethinkers" are stupid, you come here for "knowledge" and then immediately turn around and try to squelch dissent.  seriously, wtf?

Why WOULDN't someone short gold if they were sure it was going to drop?  It's free money.  You people and your religions, man...make me laugh.

Wed, 02/29/2012 - 18:34 | 2210101 akak
akak's picture

Don't you have some niggers or spics to euthanize?

Wed, 02/29/2012 - 18:42 | 2210132 JW n FL
JW n FL's picture

 

 

new akak

Don't you have some niggers or spics to euthanize?
I thought Travis said that the SPICX were going to euthanize him? no?? http://www.youtube.com/watch?v=ajkAP_M4ZAM
Wed, 02/29/2012 - 19:00 | 2210195 akak
akak's picture

Competitive euthanization?

Wed, 02/29/2012 - 19:15 | 2210238 tmosley
tmosley's picture

>>Implying Trav doesn't try to crush dissent.

>>Implying Trav is a hypocritical douche.

Wed, 02/29/2012 - 19:22 | 2210257 akak
akak's picture

It's hard to gauge which Trav hates more: niggers or silver holders?

Wed, 02/29/2012 - 20:54 | 2210482 UP Forester
UP Forester's picture

Niggers with silver toofs?

Thu, 03/01/2012 - 00:44 | 2211236 JW n FL
JW n FL's picture

 

 

That is quote of the week material.. maybe month!

That was GREAT!!

Love Ya Trav but that was to, too funny!

Wed, 02/29/2012 - 19:38 | 2210312 Doña K
Doña K's picture

TRAV is right this time. We already know Ben's playbook when he testifies in congress. Buy paper puts of PM's in the morning and next day, buy physical with your loot. It has worked like a charm so far.

Our winnings? We've been watching 50 footers in the Med, (6 years old) coming out of charters for sale now. The high season is coming and still prices coming down. Hubby and I will go after one of these before end of season dry storage. They could go down as low as $90K. (Hopefully will be sailing to Ibiza next summer).  

Wed, 02/29/2012 - 20:36 | 2210438 Al Gorerhythm
Al Gorerhythm's picture

"FRNs are still money".

That is very debatable. Humans invented money and as such demand that it fulfil two important roles for it to be accepted as such:-

a) It has to be a recognisable medium of exchange, universally accepted. 

b) It has to store value over time.

FRNs are easily recognisable but are losing their acceptance as the Reserve Currency.

(Russia, China, Japan, Turkey, Argentina, Iran, dumping Treasuries)

Scratch "b"

They are a depreciating asset that lose value over time. They are not a good store of value, rubbish for saving).

Scratch "a".

FRNs are not money, they are speculative tokens, not useful for the purpose of saving but are useful in the world of risk.

Risk is too high at the moment to warrant playing the game, for me.

Wed, 02/29/2012 - 23:25 | 2210988 Libertarian777
Libertarian777's picture

crushed? it was fucking $33.50 2 weeks ago, its $35 now. how did it get crushed.

Thu, 03/01/2012 - 00:57 | 2211277 dark pools of soros
dark pools of soros's picture

because he just bought at $37

Thu, 03/01/2012 - 07:03 | 2211723 SRSrocco
SRSrocco's picture

SILVER GETS CRUSHED IN US MARKETS....HITS NEW HIGH IN INDIA ON SAME DAY

Maybe some of you already came across this article, but I find it fricken hilarious that the DEADBEAT TRADERS got clobbered because they believed the LIE put forth by Bernanke.  Jim Sinclair just had a great interview discussing how Bernanke just stated that further QE would not be necessary on the EXACT SAME DAY that the ECB gave European Banks a record $712 Billion.  Where did this short term money come from??? 

Anyhow, those traders that still have functioning BRAINSTEMS in India believe silver will rise 35% more in 2012.  Here is the link to the India article on NEW HIGH IN SILVER:

In India, silver investors still extremely bullish despite price crash elsewhere

Silver prices leapt to a 7-month high in India on the same day that prices plummeted 7% in the international market. Despite the crash, traders expect a 35% rise by end 2012.

MUMBAI (MINEWEB) -

Silver is shining again in India contrary to the big fall in the international market. The white metal rose by $40.66 (Rs 2000) in one single day on Wednesday and has jumped to a 7-month high here, though it slid by 7% in the international markets later in the evening on the same day. Traders said investors have turned bullish on silver since the precious metal has posted an 18% gain in the last eight weeks.

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=146418&sn=Detail&pid=102055

Wed, 02/29/2012 - 17:06 | 2209696 CClarity
CClarity's picture

Any MFG style whispers?  Felt like a bit more than algos.  More like a company iquidation beyond lots of margin call.

Wed, 02/29/2012 - 17:17 | 2209767 mick_richfield
mick_richfield's picture

How about a quarter billion ounces of unbacked paper in 30 minutes?

Wed, 02/29/2012 - 17:25 | 2209796 Sophist Economicus
Sophist Economicus's picture

Gold Tumbles More Than $100 as $1700 Stops Triggered

 

Stops?

 

I'm staring at my physical right now - I don't see no stinking stops...

Thu, 03/01/2012 - 03:52 | 2211588 Deo vindice
Deo vindice's picture

You could paint them black and use them for door stops.

There, now you have some stops. ;-)

Wed, 02/29/2012 - 17:34 | 2209857 NotApplicable
NotApplicable's picture

I wonder, how much does that weigh?

Wed, 02/29/2012 - 17:41 | 2209898 mick_richfield
mick_richfield's picture

I'm pretty sure that the total unbacked paper on the precious metals markets weighs enough to sink the United States and its criminal fiat currency.

Wed, 02/29/2012 - 18:43 | 2210137 DoChenRollingBearing
DoChenRollingBearing's picture

@ CClarity and everyone!

When they crush gold like this that they usually serve up a good opportunity to buy...  Wait another day or two (as the price always seems to move down some more after these kinds of drops), and then BUY!  That's what I'm going to do.

Wed, 02/29/2012 - 17:04 | 2209679 Hugh G Rection
Hugh G Rection's picture

It always makes me smile when our monkeys shake the tree and smash the hopes of all you basement dwelling hedge fund wannabes.

Yipee! Ag/Au are up 4% intraday, hi ho silver away, crash JP Morgue, blah blah blah.

We own your asses.

The Fed will never be ended. Ron Paul will never sniff the White House.  If you want long term security, figure out how to amuse us Zionist Jews... we may keep you around as a dancing bear.

Wed, 02/29/2012 - 17:09 | 2209714 gmrpeabody
gmrpeabody's picture

Big Dick..., I never can figure out why you are afraid of Jews.

Wed, 02/29/2012 - 17:18 | 2209769 nope-1004
nope-1004's picture

Maybe cuz he is one.

lol

Wed, 02/29/2012 - 17:29 | 2209812 hbjork1
hbjork1's picture

IMO, he isn't really.  He just wants to sound like he knows something. 

As J.P. Morgan said to my great grandaddy during the crash of 07; "Stocks will fluctuate."  That goes for heavily traded commodities as well. 

IMO, this fluctuation has nothing to do with anything other than the Chinese and Russian actions and tight hedge (or sovereign fund stops).

Wed, 02/29/2012 - 19:14 | 2210233 knukles
knukles's picture

Probably just a case of Penis Envy.

Wed, 02/29/2012 - 22:01 | 2210725 Bringin It
Bringin It's picture

bjork - this fluctuation has nothing to do with anything

"this fluctuation" is tradeable.  See DonnaK's post above.

Wed, 02/29/2012 - 18:02 | 2209997 StockHut
StockHut's picture

The macroeconomic undercurrents will eventually trump interventionist governments and central planners.  For now, we take the shenanigans in stride (as they are becoming quite routine), accept our discount prices graciously, and promptly add to our supply.  Thank you Hugh Rection for your assitance.

Wed, 02/29/2012 - 21:44 | 2210627 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

"The Fed will never be ended. Ron Paul will never sniff the White House."

Yes, and the Reich will last 1000 years.  Ha, ha, ha!  U. S. Central Banks have been truncated twice before in our history and they will be truncated again along with the "heads" of the perpetrators and federal sock puppets like yourself!

Wed, 02/29/2012 - 23:53 | 2211087 Hugh G Rection
Hugh G Rection's picture

Thank you for bringing up the Reich.  Just another example of misguided Gentiles believing they could stand up to Jewish hegemony. 

We own the Media, Hollywood, Federal Reserve, Educational and Political System.  We control popular culture and socially engineer the Goy as we see fit.  We can flash crash markets on a whim.  We are beyond reproach.

Thu, 03/01/2012 - 01:00 | 2211288 dark pools of soros
dark pools of soros's picture

a naked jew with a boner runs into a wall....     what happens?

 

..he breaks his nose

 

 

Thu, 03/01/2012 - 02:20 | 2211480 Hugh G Rection
Hugh G Rection's picture

Whats the difference between Santa Claus and a Jew?

 

Santa Claus goes DOWN the chimney

Wed, 02/29/2012 - 17:45 | 2209924 He_Who Carried ...
He_Who Carried The Sun's picture

You're all just "stimulus-junkies"

and Bernank-lickers...

There you have it:

No QE = Gold and Silver jump out the window...  *hehehe*

Wed, 02/29/2012 - 18:54 | 2210176 Quinvarius
Quinvarius's picture

But we still are doing QE.  Everyone is used to these paper games.   The dollar is collapsing along with our economy.  These games are just to distract the stupid.

Wed, 02/29/2012 - 20:59 | 2210496 He_Who Carried ...
He_Who Carried The Sun's picture

Problem is: Da stoopid will be skiing in Davos

while you water his garden in Palm Springs...

What do you choose?

Wed, 02/29/2012 - 17:05 | 2209686 GovtMediaLiars
GovtMediaLiars's picture

Thumbs up! 
I agree, these smackdowns cannot continue indefinitely every time metals prices try to get some momentum going (or can they?).

I suspect when the time does come we will have little to no time to recognize it. Prices will just fail to get "smaked down" one time, and the result will be a parabolic rise.
In other words, if you try and wait till the "right time" to buy, you'll probably be too late. 

Stay safe out there!
GML

http://financeandopportunity.blogspot.com/

Wed, 02/29/2012 - 17:10 | 2209723 HarryM
HarryM's picture

Why is anyone surprised ?

Gold has been ebbing and flowing with the DOW for a while now, not opposite as it should.

Gold ETF's the problem?

 

 

Wed, 02/29/2012 - 17:18 | 2209773 Leopold B. Scotch
Leopold B. Scotch's picture

D E L I V E R Y.

Wed, 02/29/2012 - 17:51 | 2209950 youngman
youngman's picture

I agree with this..they had to find some real fast I think

Wed, 02/29/2012 - 21:15 | 2210539 UP Forester
UP Forester's picture

So, when are the futures closed out?

Wed, 02/29/2012 - 21:25 | 2210555 AgShaman
AgShaman's picture

The shorts have 30 days to issue a notice of delivery to the longs that have the necessary funds in their accounts to prove they are "standing" (or conjure a 'private deal' amongst themselves)

Wed, 02/29/2012 - 23:29 | 2211000 UP Forester
UP Forester's picture

It'll be quite the tug of war for the shorts to drive the price down to buy, while the price is rising and nobody's selling....

Wed, 02/29/2012 - 21:39 | 2210602 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Yes, and at home.  Not in one of those filthy hospitals.

Wed, 02/29/2012 - 22:59 | 2210908 disabledvet
disabledvet's picture

hookers? blow? i only deal with the best...doing it for the money disgusts me actually. especially the girls. saying no to the drugs have never been a problem...the girls however..."it's like they grow on trees" these days.

Wed, 02/29/2012 - 16:56 | 2209644 Floordawg
Floordawg's picture

It's the strangest fucking thing... on a regular basis I WANT the largest position of my portfolio to DROP.

Am I insane?

Who cares, I bought the fuck outta this dip.

Wed, 02/29/2012 - 17:35 | 2209866 RockyRacoon
RockyRacoon's picture

You are not insane.  It would be the same in wanting your favorite widget-maker stock to drop, with the knowledge that the company is a full blown winner.   Just gives us more opportunity to buy on the cheap.  Knowing the state of the world economies is not exactly inside information, but it's oblivious to those who are paid to know better.   Those are the insane ones.

Thu, 03/01/2012 - 01:05 | 2211304 dark pools of soros
dark pools of soros's picture

but it doesn't really matter since hardly any of the people here will ever sell so whatever price it is, is the price to buy

 

what is the silver bug's game plan?  if you bought at $7 and still haven't sold that stash, when will you? 10x? 100X?

 

I love silver and made profits on it over the past few years but if you don't sell you aren't making any hay

 

Thu, 03/01/2012 - 10:17 | 2212277 Kobe Beef
Kobe Beef's picture

I first bought at $7.50 and remember being terrified it would drop back below $6.00. I suppose I could sell and take a profit, but then what would I do with the cash?

Buy more plastic consumer crap? Stocks? Bonds? Houses? I just don't see anything out there being a more compelling buy.

So it stays in ounces. And now it's time to buy some more.

Wed, 02/29/2012 - 17:09 | 2209719 Abitdodgie
Abitdodgie's picture

Has anyone noticed that when they stoll Lybia gold there was a big drop in gold prices now they have stolen Greece gold and another big drop in gold prices . 

Wed, 02/29/2012 - 19:29 | 2210272 knukles
knukles's picture

Perceptions Management.
Pure, clean and simple.

Plus, this was the first notice day for silver settlements/delivery on the COMEX.  Usually this kind of action albeit not this large transpires about these dates like clockwork.  This is bigger, but why not?  Lotta funnny shit about gold.
Like Greece, like Libya as you pointed out.
And libya also coincided with Hugo Nutfuckchevyez in Venevulva taking delivery of his central bank's gold.... duh.
Maybe.  Just fucking maybe, somebody was a planning on taking a pissload out of the COMEX warehouses and somebody else (like a or several big shorts) didn't think that a very good idea.

Seriously, what is this fucking fascination with gold and silver?
Not enough around?
Can't they just buy it at the market?
Ya'll note that now Greece is getting it's last and final?

Greece pledges gold reserves (somewhere north of 114 tonnes) as collateral against most recent specter of the bailout.
Greece (sure as the sun will rise, politicians lie and bankers screw their clients) will default.  In whatever form it takes... missed payment or even some wonderful new and innovative technical default as in not preparing the appropriate documentation in the nick of time and not having the wherewith all to cure such.... the bankers will grab the gold. Greece will then have been officially and irrevocably "skull fucked" as in the parlance of the Street; when the corpse has been bled dry, the meat consumed, marrow sucked from the bones, the fat rendered transformed into soap sold to the wealthy and all's left is the skull, and well, you get the idea... the last functional utility remaining.....

What to do, what to do, then cut loose from any safety net the EU had imaginarily promised for it's poorer less fortunate members, the dreams of unity, egality and fraternity smashed, cast upon the rocks whilst blissfully listening to the siren song of the Berlin Bankers (Really a mere apparition of the Anglo-American banking cartel domiciled in the venerable square mile, The City.) Greece is left alone to collect maggots and flies.  

Adopt the US dollar as the currency du jour!
Of course, just as every single failed economy in modern times (Zimbabwe, etc.)  Hell, if it's good enough for the drug cartels and arms dealers, its gotta be good enough for poor olde 
Arachne (You know, where the bankers turned grandma into a blood sucking spider prostituting herself for mere crumbs.)
By Jove!  The Bankers have done it!
Bled the country dry
Taken the gold
And stuffed the economy with an alternative useless fiat (USD)
While having no further responsibility for the poor sods as they'll have been expelled from the EU, etc.   Magic! Then it's on to more fertile grounds!
Like Portugal.
What with 385 tonnes of the shiny barbarous relic.
Wash, rinse, repeat.   And we used to think years ago that we knew something about financial engineering.
Whata buncha pikers we wuz.  

Wed, 02/29/2012 - 21:10 | 2210532 Uchtdorf
Uchtdorf's picture

That was pure poetry.

I just wonder if Greece, once thoroughly de-golded, won't finally become Turkish Delight. Rivalries being rather long-lasting and all that.

Thu, 03/01/2012 - 01:09 | 2211317 dark pools of soros
dark pools of soros's picture

they can steal North Korea's playbook and spinup some uranium for free food

Thu, 03/01/2012 - 05:36 | 2211680 Kiwi Pete
Kiwi Pete's picture

Well the Greeks will default on their gold delivery too. Why wouldn't they?

Wed, 02/29/2012 - 21:36 | 2210592 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Spurious correlation.  Refined gold supplies  increase about 1.3% per year so the overall buying and selling of gold above ground worldwide is basically a zero sum game.  Anytime you hear "oh my God the Central Banks are selling gold" or vice versa there is another entity on the other side of the trade and the real net effect is close to zero.  Just noise and a means for short term manipulation.

Wed, 02/29/2012 - 23:03 | 2210924 disabledvet
disabledvet's picture

why should MF Global and the Clintons have all the fun? "Whatdaya mean it's illegal?"
anywho "this is how i respond to all that kinda stuff":
http://www.youtube.com/watch?v=fVq4_HhBK8Y&feature=player_detailpage

Wed, 02/29/2012 - 19:42 | 2210317 spastic_colon
spastic_colon's picture

Just adjusting for the earth's orbit

Wed, 02/29/2012 - 16:46 | 2209570 Sophist Economicus
Sophist Economicus's picture

Come-on $1650!   Want another few ounces....

Wed, 02/29/2012 - 16:55 | 2209636 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I'll buy under $1680, not before.  And I want to see it there for a minute.  After today's move I won't be surprised if stocks follow suit and shave a few hundred points off over the next week.

Wed, 02/29/2012 - 17:13 | 2209711 Max Fischer
Max Fischer's picture

 

 

No one cares what you're buying or how much.  Two days ago, you told everyone that if silver punched through $36, it was clear sailing to $42.  Ironically, this was Turds advice, too.

It's time spray anti-goon RAID repellant all over this website.

Max Fischer, Civis Mundi

Wed, 02/29/2012 - 17:21 | 2209781 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

In that post I said NOT TO BUY AT THIS LEVEL.  Its was what, at $35?  Then I said if it breaks $36 it will do it with authority.  It went to $37 in the same day!!!!!

I said NOT TO BUY IT.  Why would I say not to buy it if it was going straight to $42?  I wouldn't.  It did exactly what I said it would yesterday (it broke $36 with authority, and retraced).  Once again, I said NOT TO BUY.  If it was going straight to $42, that would be a huge gain.  Why would I say not to buy if it was going straight to $42?

Because it wasn't, and didn't go straight there.  It had to retrace.  But, and here is where you should quote me....

Now that we have seen it break a very important level of $36, we know that THE NEXT UP MOVE WILL BE TO $42.  COuld silver retrace to $33?  Yes.  Will I buy higher than $30?  No.

You don't get how to trade.  I understand that.  But don't fucking give half of a quote up here.  Put up the whole thing.  Write that I wrote not to buy yesterday.

Wed, 02/29/2012 - 17:26 | 2209803 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Here is the full quote you fucking troll:

Mr Lennon Hendrix


Vote up!

14
Vote down!

-14

$36 is the holding number on the charts.  If $36 breaks authoritatively, we should see $42 soon.

If you own a lot of silver and your price point is much lower (like mine) I would not recomend buying here (I won't).  But if you do not own much silver then you might as well get in the boat.

I loaded up in late December (as I am sure people may remember because I wrote I was buying silver "with both fists").  If you already own a lot of PMs, platinum and gold are better buys here pricewise, especially platinum.

Tue, 02/28/2012 - 10:21 | 2203842 Mr Lennon Hendrix

Wed, 02/29/2012 - 17:33 | 2209849 mogul rider
mogul rider's picture

try 34.60 close on it's way to 20. should pretty mcuh wipe you out since the margin bitch be callin.

Wed, 02/29/2012 - 17:37 | 2209876 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

My average price is around $20, and I would love to see it go lower, but it won't.  And I have no money in futures.  I could give a fuck if they raise margins.  If the price drops, I'll buy bullion.

Wed, 02/29/2012 - 19:55 | 2210358 peekcrackers
peekcrackers's picture

Cheers! Mr Lennon Hendrix

stick to your guns AND bullion

Those fucks  can Hike all day till they run out of lube and porn..

Wed, 02/29/2012 - 18:14 | 2210035 HungrySeagull
HungrySeagull's picture

Margin? HAHAHAHA

I buy hand over fist with fucking cash "Bay-bee"

AND

Take delivery.

My price point to really be still and pay attention is between 44.00 and 50.00

I have lost NOTHING so far.

Wed, 02/29/2012 - 17:37 | 2209864 nope-1004
nope-1004's picture

Anyone with half a brain knows we would have seen $42 in probably days if the market were free, so don't let these quarter-brained trolls bother you.  They always come out and post when the Evil Empire smacks down PM's.  They start out by saying "Told you so, but no one here listened".  LOL.  Did they listen when silver was at $12.50?  Apparently not.  They seem rather bitter.

They only post when the Evil Empire has inflicted pain.  They derive joy from watching white collar crime and theft.  I'm sure they'd join in a gang rape of a 15 year old too, if they came across it on the street.  That's what's so remarkable about these evil people, they contribute zero and only show up to taunt because in their own personal lives they're completely incompetent.

It ain't worth the head ache of answering a complete fool.

 

Wed, 02/29/2012 - 17:40 | 2209889 mogul rider
mogul rider's picture

evil people WTF?

 

You pumpers post crap that silver going to da moon, and joe average who is new here or maybe isn't very sophisticated (respect folks) reads it thinking ZH is the epitome of heaven and honesty and they go out an mortgage the house and buy silver at 37.50 then get whacked.

 

Who the fuck is evil asshole. It is you

Wed, 02/29/2012 - 17:53 | 2209921 nope-1004
nope-1004's picture

If the PM market were free of manipulation, it would go to the moon.  My dog out back, laying in the garden licking his balls, even knows that!

Had any newbies listened to you and sold when silver bottomed at $33.75, they would have lost 2.8% today, as it closed at $34.60.

 

Wed, 02/29/2012 - 22:49 | 2210871 engineertheeconomy
engineertheeconomy's picture

The GLD will eventually collapse to ZERO, because the fund has exactly ZERO Gold in their vault

physical GOLD will eventually skyrocket UP in into the tens of thousands of dollars per ounce, because... Hint: dollars really are  just pieces of PAPER and they can print as many of them as they want, and they have every intention in the world of SPEEDING UP THEIR PRINTING PRESSES

they can print shares of GLD but the printing presses that print GOLD BARS don't quite have the wrinkles worked out of them yet

Wed, 02/29/2012 - 17:45 | 2209926 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Silver has moved from $14/oz to $35/oz since I started writing "Buy Silver" and  I am suppossed to feel bad?

Thu, 03/01/2012 - 01:17 | 2211338 dark pools of soros
dark pools of soros's picture

didn't you sell @ $48 like some of us?  no?

you can't lose with Silver and Gold..  if you buy high and it dives just put it in the back of the pile

Thu, 03/01/2012 - 02:29 | 2211496 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I sold half of my shares in SLW at $44, and the other half at $40 (last April?).  I sold all of my ABX when I sold the rest of the SLW, and I sold all of my energy shares then too.  I have never sold on OZ of my bullion. 

Still stackin'.

Wed, 02/29/2012 - 17:59 | 2209980 The Disappointed
The Disappointed's picture

Someone wants to lend me fiat to buy silver at 37.50?

Where do I sign? But I'd only have another boating accident anyway.

Darn boats.

Wed, 02/29/2012 - 22:55 | 2210895 engineertheeconomy
engineertheeconomy's picture

Silver will hit $100 an ounce by December, so don't buy it if you don't want to make money

we're disappointed you didn't drown because of your little boating accident you troll son of a bitch

Wed, 02/29/2012 - 19:21 | 2210254 tmosley
tmosley's picture

Why do you assume that someone would do something that stupid?

If they are that stupid, they need to get burned a few times so they stop being so stupid.  Stop blaming people for other people's stupidity, especially when those people give GOOD advice (like "cost average").

Thu, 03/01/2012 - 13:13 | 2211065 fuu
fuu's picture

Ah yes the mythical house mortgager who bought it all at the peak based on what Lennon Hendrix said on Zero Hedge one day. Or what tmosely said on another day.

 

Fuck that moron.

Wed, 02/29/2012 - 17:40 | 2209890 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Thanks Nope; it's noted.

I do feel like Cyrano de Bullion on days like today. 

Bring me 100 hundred trolls!  I will fight them all. 

Wed, 02/29/2012 - 18:02 | 2209996 The Disappointed
The Disappointed's picture

I feel more like Buffy The Vampire(squid) Slayer.

Wed, 02/29/2012 - 17:47 | 2209902 Max Fischer
Max Fischer's picture

 

 

But if you do not own much silver then you might as well get in the boat.....

Any newB that followed your advice yesterday, got ASS-RAPED today.  Why would you incriminate yourself by reposting your bullshit?

We don't need your 30+ comments that you post in every thread, every day.  And we certainly don't need a repost of your worst predictions.

::::::::::::::spraying anti-goon RAID repellant:::::::::::::::::::::::

Max Fischer, Civis Mundi

Wed, 02/29/2012 - 17:47 | 2209937 nope-1004
nope-1004's picture

Love it when u post.  Whenever I see your signature, it reminds me of a lesbian club that I used to drive by everyday on my way to work about 10 yrs ago.  The sign would always say:

"Clitoris Monday".

LOL.

Wed, 02/29/2012 - 18:50 | 2210159 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  Most excellent!

 

 

DoChenRollingBearing, Emptor Bearingorum

Wed, 02/29/2012 - 17:59 | 2209964 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

To the Newbs:

You never buy all at once.  You do what we call level buying.  And you dollar cost average so the next time you get paid you can level buy all over again. 

Level buying 101:  You find an asset you like, maybe it is silver.  Do you own any?  No?  Then you buy some.  Let's say you have $1000.  So what you do is, you buy $200 worth the first day, then you sit back and see if you can get a better price.  What's that?  The price went to $34 the next day?  Great!  And you buy $200 more.  Then the price goes to $32.  You buy $200 more.  $30.  $200 more.  $28.  $200 more.  Now your average price is $32, not $36.

Do I have to write this on every post here? 

Wed, 02/29/2012 - 20:36 | 2210440 tmosley
tmosley's picture

For some people, apparently.

Wed, 02/29/2012 - 22:32 | 2210825 akak
akak's picture

You are assuming that those who pointedly ignore such common sense and logical thinking are doing so out of ignorance or obtuseness, rather than deliberately doing so out of dishonesty and malice.

Wed, 02/29/2012 - 22:56 | 2210897 chindit13
chindit13's picture

Paul Tudor Jones, back before his buying alone was sufficient in size to move markets, used to buy his entire position all at once, the logic being that if he was correct in his analysis (a good long or a good short), the market price was going to move away from him, so it was best to just get it done.

It was during this phase of his career that he built the record that boosted his net worth to $3.5 billion.  That style seemed to work out for him rather well.

There is no one size fits all.

Wed, 02/29/2012 - 23:41 | 2211046 tmosley
tmosley's picture

He wasn't trading highly manipulated markets, methinks.

Buying all at once is good in non-volatile, non-manipulated markets, where the fundamentals will eventually be reflected in the price.  But when G-men get to funnel money to their pals in exchange for insider information and cushy positions after their government stint is over, well...

Thu, 03/01/2012 - 00:23 | 2211176 chindit13
chindit13's picture

Manipulated markets?  Are you kidding?  He was trading cotton.  Whatever you think goes on in the silver market is "clean as a virgin's honey...." compared to cotton.

He was also heavily trading FX back when there were lots of daily 200+ pip moves in $/DM, $/Cable, $/Swissie, etc.  He was uncanny.

I know "manipulation" is a buzzword around these parts, but markets sometimes move sharply---up as well as down---due to natural market forces, otherwise known as the madness of crowds.

Though I probably can't teach anyone anything, there is one thought I carried through my career as a prop desk head and fund manager, and I also use it in my everyday life.  Maybe someone can benefit from it:  All my failures are my own damn fault, and all my successes are just dumb luck.

Thu, 03/01/2012 - 01:35 | 2211371 GoinFawr
GoinFawr's picture

"All my failures are my own damn fault, and all my successes are just dumb luck."

lol, Now that's how you make friends! Write that down kids.

Thu, 03/01/2012 - 02:33 | 2211503 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The more I learn, the less I know.

Wed, 02/29/2012 - 17:57 | 2209975 AgShaman
AgShaman's picture

A 8-10% move to the down-side is far from an ass raping.

Another buy on the dip cuts that in half.

Peoiple that aren't in the boat yet should be getting in the boat....and scaling in would be a good idea since markets have gotten chaotic and volatility is clearly the order of the landscape.

You demonize Silver Pumpers....yet you seem totally comfortable blowing out of proportion these moves that hover from the single to double digits.

You have no understanding of Zerohedge. It has many factions within the PM sector.

Do try to seperate the paper traders from physical buyers

Wed, 02/29/2012 - 21:21 | 2210551 UP Forester
UP Forester's picture

Don't worry, an 8-10% move down more than makes up for the 30% rise since New Year's Day.

That's the way it works on a chalk-board, anyhoo.

Wed, 02/29/2012 - 23:03 | 2210925 engineertheeconomy
engineertheeconomy's picture

In the FUTURE

THOSE

that do not own

SILVER or GOLD

will not have any FOOD to eat

THEREFORE

it would behove them to buy and accululate as much

 PHYSICAL

 as is possible

NOW

while

BEN

 is still selling it at a

DISCOUNT

 

 

Wed, 02/29/2012 - 23:53 | 2211086 putaipan
putaipan's picture

any cantancherous old farts wanna ass rapin'? er uh ... fight?

(my tiny little stack grew 10oz with a monarch bar 30$ over spot and my first lil' gold liberty no bigger than a freaking nickle last week, so proud)

Thu, 03/01/2012 - 05:52 | 2211688 Likstane
Likstane's picture

That's the way to do it.  If you're stackin', it don't really matter the price.  Just get some when you got FRN's.  If you're playing with the paper, then you probably shouldn't be getting your advice from a bunch of dipshits(myself incl.) who have no idea what the banker boyz and the 'sovereign' nations feel like doing that week.  Hell yeah on the Monarch bar!!!

Wed, 02/29/2012 - 16:47 | 2209571 lolmao500
lolmao500's picture

Yet oil not crashing... ridiculous.

Silver down 10% uh? Neato.

Wed, 02/29/2012 - 16:47 | 2209594 SilverIsKing
SilverIsKing's picture

USO is actually up

Wed, 02/29/2012 - 18:03 | 2210000 CrockettAlmanac.com
CrockettAlmanac.com's picture

Long Bob Hope.

Wed, 02/29/2012 - 17:46 | 2209771 GoinFawr
GoinFawr's picture

And natty had a strong day too; I wonder if its inventories are being reported as  'increased' as well.

Sorry paper PM'ers, ZIRPers had to do something to keep POO<110USD/bbl and the usual hocus pocus wasn't cutting it, so it looks like you got tapped? What Zola is on about below is definitely some sweet icing on their cake.

Luckily we can count on our regulators to make short work of today's blatant anomolies....

Discouraged enough yet to go out and get yourself some actual portable property? Ironically, there appears to be a sale on today.

Wed, 02/29/2012 - 17:50 | 2209946 akak
akak's picture

Who is Natty?

Wed, 02/29/2012 - 18:00 | 2209986 GoinFawr
GoinFawr's picture

Ask Trav777777

Wed, 02/29/2012 - 18:10 | 2210026 akak
akak's picture

Maybe you were referring to natto?

http://www.sakura-hostel.co.jp/blog/natto%201.jpg

Wed, 02/29/2012 - 18:11 | 2210028 nope-1004
nope-1004's picture

NG

Wed, 02/29/2012 - 18:14 | 2210041 GoinFawr
GoinFawr's picture

You're right, I was probably taking liberties I hadn't earned:

Mr.Gas, Natural

Wed, 02/29/2012 - 18:20 | 2210050 akak
akak's picture

OK.  But what's so hard about using simple, straightforward words instead of silly diminutized slang?  That is one thing that drives me NUTS about the Australian language (I will not deign to call what they speak "English"), as well as the utter abomination that is Chilean Spanish.

Wed, 02/29/2012 - 19:07 | 2210163 GoinFawr
GoinFawr's picture

Then let's be nice and sparkling clear here, shall we?

akak, you've written in no uncertain terms that you wish me dead, literally.

In light of this I am afraid that when it comes to what you like/dislike about the quality of my rhetoric or anyone else's no matter how hard I look I am going to be completely unable to locate one single fuck to give.

Now before you go off on a ranting rage explaining exactly why you wish such pain on me and my family, ask yourself if you would feel the same way if you were in my position; assuming you are capable of doing this, natch.

g'day puta

 

Wed, 02/29/2012 - 19:14 | 2210219 akak
akak's picture

Did I do so?

Having tried to counter the huge tidal wave of your disingenuous, deceptive and dishonest posts in the past here, I must admit I cannot remember all of my responses to your egregiously and maliciously statist and elitist propaganda.  But this last tidbit is just another piece of the very large and ugly puzzle, now becoming clearer, that is GoinNowhere.

Wed, 02/29/2012 - 19:27 | 2210270 GoinFawr
GoinFawr's picture

"Did I do so?"

"I don't recall..."

Sure you don't work for the banks?

Wed, 02/29/2012 - 19:32 | 2210291 akak
akak's picture

I cannot verify that statement.

Wed, 02/29/2012 - 19:49 | 2210314 GoinFawr
GoinFawr's picture

"Disingenuous" now there's a word that falls far too easily and often from your lips.

This is a situation like two people being in an elevator and one of them lets one go: everybody knows who farted. (RIP George Carlin)

Yeah, rest assured that I remember, and then some.

Wed, 02/29/2012 - 19:56 | 2210334 akak
akak's picture

"Disingenuous" now there's a word that falls far too easily and often from your lips.

Perhaps because it all too frequently characterizes the comments of certain posters here?

PS: I rarely ever used the word before reading the daily, viciously and maliciously anti-PM diatribes of Jon Nadler on Kitco.com.  That man personifies the word "disingenuous".

Wed, 02/29/2012 - 20:09 | 2210387 nmewn
nmewn's picture

You say she's from Australia huh?

Well, isn't this a "the stars are big and bright" moment...lol.

I always envisioned her from somewhere in Scandanavia...I did have her pegged as a statist monarchist though, just on the wrong side of the globe.

Wed, 02/29/2012 - 20:58 | 2210418 GoinFawr
GoinFawr's picture

'statist monarchist'? If I thought you had the slightest idea what that meant I might be offended, but... y'know.

Anyway, my original comment was about natt...er, Mr.Gas, Natural. Did you actually have anything relevant to add or is it just your turn to continue to hijack the thread and step in as fluffer?

PS Akak, is it ok with you if I use the word 'fluffer' to describe the fellows who follow you around and endeavour to keep you hard? I certainly don't want to strike you as pretentious, Ghod forbid; and as I'm not in the 'inner circle' or whatever of the porn industry I thought I ought to check in with ZH's self purported Rhetorical Quality Control loony.

Wed, 02/29/2012 - 21:01 | 2210505 nmewn
nmewn's picture

Well, of course you're not offended. You're either too stupid to know or you are as I say.

So how is that bitch queen of yours getting along? Still putting her & her family up in the lap of luxury to which they've become so accustomed? Requires a bit of statism...what?

"...is it ok with you if I use the word 'fluffer' to describe the fellows who follow you around and endeavour to keep you hard?"

And of course, the heigth of "disingenuous" is to know in what context to use the word fluffer in...now wouldn't it? 

Wed, 02/29/2012 - 21:34 | 2210569 moonshadow
moonshadow's picture

u guys are so hilarious! this is better than streaming comedy on netflix and it's free! ive been reading ZH for a few months now and at first i thought i would learn things to make money on. haha silly me. we're all just wandering around in the dark. like tyler said "don't step here". the bullshit is lying around in so many places. ive also found that i doubt that tyler writes all those posts. he's gotta be finding em elsewhere. just too prolific. also ive learned that sometimes this 'GeorgeWashington' submitter is a total idiot asswipe and noone should take his opinion seriously. ok back to watching the cockfights...

Wed, 02/29/2012 - 21:39 | 2210601 AgShaman
AgShaman's picture

Looks like you still have alot to learn.

 

Wed, 02/29/2012 - 23:04 | 2210926 GoinFawr
GoinFawr's picture

"And of course, the heigth of "disingenuous" is to know in what context to use the word fluffer in...now wouldn't it?"

Assuming that I managed to wade through that abomination successfully:

 I was being the very height of facetious. As if you didn't know... now wouldn't you?

"So how is that bitch queen of yours getting along? Still putting her & her family up in the lap of luxury to which they've become so accustomed? Requires a bit of statism...what?"

what on earth are you on about now indeud

Wed, 02/29/2012 - 20:37 | 2210446 tmosley
tmosley's picture

Right, because you've clearly not been disingenuous.

Did I just make your "list?

Wed, 02/29/2012 - 20:51 | 2210471 GoinFawr
GoinFawr's picture

You're right, that is clear. And this thread is an excellent case in point. Thanks for noticing. And what 'list'? 'List of fools'? Never even occurred to me; maybe you're right and I should start one up.

Is this you trying out for it?

Wed, 02/29/2012 - 21:32 | 2210579 tmosley
tmosley's picture

You said you remember "everything and more" which either means you are remembering things that didn't happen (ie everything+events that only happened in your head), or you remember everything and are doing something else with the data, such as compiling a Nixonian "enemies" list.

AROOOOO!!!

Wed, 02/29/2012 - 22:21 | 2210793 GoinFawr
GoinFawr's picture

You got all of that out of

"Yeah, rest assured that I remember, and then some" (referring to Akak's death fantasy concerning me)

?

I hope you make toothpaste better than you deconstruct a sentence.

Or are you just so ravaged by conditioning that you'll accept "I wish you would die"  as a valid argument made by a reasonable person?

Wed, 02/29/2012 - 22:25 | 2210811 akak
akak's picture

It is far from unreasonable to wish for despicable and evil people to die.

Wed, 02/29/2012 - 22:51 | 2210833 GoinFawr
GoinFawr's picture

I gather you're not a New Testament Christian or a secular humanist then.

So if your blind hate makes makes such a great argument, why did you bother deleting it? 

PS

TMOS thanks for the 'List of Fools' idea. And yes, after that last insipid comment: you made it. First string too!

Wed, 02/29/2012 - 23:03 | 2210889 akak
akak's picture

I'm not sure where you're going with all this, but as usual with you, it is probably nowhere.  I'm surprised that you didn't manage to irrelevantly drag in Norway as your supposed statist utopia in the process.

Statists (such as GoinNowhere): proudly causing incalcuable human suffering since 4000 BC

Thu, 03/01/2012 - 14:41 | 2211002 GoinFawr
GoinFawr's picture

 Heh, that from a denialist who maintains that the most glorious era in human history is when the US was working on the Trail of Tears and Andrew Jackson was riding around with a bridle fashioned from human skin. I've got bad news for you infinite expansionists, there ain't no more continents left to manifest destiny, or hemispheres to Monroe Doctrine.

 And you hijacked this thread with your hardly relevant disdain for my use of the slang 'natty'... or did I just miss the part where you actually responded to the content of my comment, rather than just ragging like a thirteen year old pay-attention-to-schmeester about 'I like this word, but I like totally hate it when people use that word''?

U in denial, decline;  A Koward.

But seeing as YOU brought it up: Norway does have a pretty decent national balance sheet, especially compared to some. They're fiscally and socially responsible, which I can plainly see drives duped ideological zealots nutz to no end. Though it's patently disingenuous for you to say I've ever labelled them a 'utopia', as I have never said/written that.

So, as we've determined that U a Liar, tell me is that considered 'despicable' where you come from? I guess you and I have very different ideas of what constitutes 'evil'. Even so, rest assured that there is absolutely nothing you can say that would inspire me to wish death upon you or yours; I find troglodyte homunculi much more entertaining alive and kicking...yourself in the face. With steel-toed boots. Hobnailed.Figuratively.

Wed, 02/29/2012 - 23:49 | 2211077 tmosley
tmosley's picture

lol, toothpaste again?  I cured cavities, bitch.

My breath smells like roses in the morning.

Nice fail at trying to dimunate me by associating my entire character with the field of my first great invention.  Gave me a nice chance to pat myself on the back for the amazing thing I did.

Anyone who is interested, ask your dentist or orthodontist about getting SeLECT antimicrobial sealant for your teeth.  You will never have another cavity once you have this shit on your teeth.

Thu, 03/01/2012 - 00:41 | 2211144 GoinFawr
GoinFawr's picture

<rolls eyes> fine then. Err so this 'shit' you mentioned, it goes on your teeth? Does it come in paste form?

In any case, I'll humour you

I hope you are better at making tooth 'shit' than you are at deconstructing sentences.

 

Happy now?

Thu, 03/01/2012 - 00:19 | 2211150 akak
akak's picture

That utterly brainwashed, maliciously statist bastard is not worth the effort, tmosley, believe me.

Trying to enlighten a committed and disingenuous statist zombie like this fucker with logic and reason is like trying to plow the sea.

Thu, 03/01/2012 - 00:28 | 2211190 GoinFawr
GoinFawr's picture

Right back atcha dupe.

Thu, 03/01/2012 - 00:40 | 2211199 akak
akak's picture

Please die. Very soon.

If you require any assistance with your euthanization, Trav7777 is an expert in the field, and I am sure he would be happy to help --- and if you happen to not be Caucasian, it will even be free of charge.

Thu, 03/01/2012 - 00:59 | 2211265 GoinFawr
GoinFawr's picture

Heh if your insane temperament online is anything like you are in the flesh you're sure to die before me one way or another, even if I'm twenty years your senior. 

Thu, 03/01/2012 - 01:06 | 2211301 akak
akak's picture

.

I would love to see you swinging on the end of a rope.

Thu, 03/01/2012 - 01:52 | 2211416 GoinFawr
GoinFawr's picture

What th' f... why, you cruisin' or something? Akeykakes, I ain't into that 'erotic asphyxiation' thing

 

"YOU are one sick bastard"

Thu, 03/01/2012 - 02:24 | 2211488 akak
akak's picture

Karma will catch up with you eventually, statist.

Thu, 03/01/2012 - 03:45 | 2211577 moonshadow
moonshadow's picture

stop stop i'm dyin here. u guys r killin me. my stomach hurts from laughin

Thu, 03/01/2012 - 11:45 | 2212689 GoinFawr
GoinFawr's picture

Hehe, just wind up the clockwork oranges and watch 'em bump around!

Thu, 03/01/2012 - 12:06 | 2212800 GoinFawr
GoinFawr's picture

'karma'? I never pegged you as a Jainist. Or maybe, like so many other things, you just like the look of the symbol and the sound of the cliche, but the actual meaning: not so much.

"On a long enough timeline..." and all that cal, gotcha.

Thu, 03/01/2012 - 12:34 | 2212897 tickhound
tickhound's picture

I came here for the metal story and all I found was another "free to think as I do, or else" threads.

 

Thu, 03/01/2012 - 14:17 | 2213380 GoinFawr
GoinFawr's picture

<pleads> self defence. And I thought 'only two to a fight' was a rule or something.

Speakeasy.

Wed, 02/29/2012 - 18:51 | 2210166 DoChenRollingBearing
DoChenRollingBearing's picture

10-4 on that.  Peruvian Spanish is better.

Wed, 02/29/2012 - 19:20 | 2210250 akak
akak's picture

 It is ironic that millions of mostly or purely non-Spanish natives in Peru and Bolivia speak the clearest and purest Spanish to be heard today.  It was a joy for me to speak Spanish with Bolivians --- and an utter nightmare to try to communicate in what THEY call Spanish in Chile.  Imagine slurred Spanish spoken with the machine gun, rapid-fire pattern often used in southern Californian English, and loaded with all the inane and silly slang of Australian "English", and that will give you some idea of what Chilean Spanish is like.

Wed, 02/29/2012 - 19:08 | 2210217 trav7777
trav7777's picture

what's so hard about you shutting the fuck up and fucking off?

I've heard natty a zillion times for NG.

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