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Gold Tumbles More Than $100 As $1700 Stops Triggered
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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Indeed, I often wonder the same when you post about silver.
Or just in general.
Natty is common discourse in Cowtown.
The casual use of jargon outside of its proper narrow sphere has always struck me as pretentious and pointless.
Perhaps you need to be struck more often then?
Socialist Norway is calling you.
Quick, to the pinko-mobile!
It's calling you too: but I don't want to say what in such polite company.
Me thinks Akak forgot his meds.... he seems to have gone off the deep end of late...
Gold just before going parabola is expected to have swings of $100's up or down.
This is SOOO pathetic, almost like the PPT looking at the Ron Paul testimony decided to remind the SHEEPS of the VOLATILITY of silver and that it really cannot be used as real money. Utterly insane.
exactly my thoughts
Yes Zola
At least we have it figured out - here on ZH.
This is completely BULLISH.
the TPTB are using the old tricks of deception and lies again. (and i still think to keep it range bound so Obama gets in... just for another 7-8 months)
The First time (ever?) someone brings a silver round to an important meeting - to demonstrate/educate to the masses the value/worth of PMs...and than TPTB show the masses in a matter of minutes how valuable it is - by crushing the fuckin shit out it?!?!?
= Buuuuullllllissssshhhhh.
So Fuck you.
Apparently, a show of fear as well.
i'm wondering thesame thing. ron paul lecturing the bernanck and first delivery day coinciding. does some one have volume date and can break down the action. iow how many contracts changed hands, This move was exemplary
THe thesis that Bernanke needs a market crash to do more QE is no longer valid. He got that crash last year, came up to the plate, and could have easily chosen the EU troubles as well to do more QE. He didn't. So, this "If SPX falls by > x% then = More QE" thesis is just no longer working kids.
GG
The Bernak doesn't need to print (we still have ZIRP and Twist), especially since the ECB, BOJ, BOE, and PBOC have been doing it for him. Just becuase the FED hasn't explicitly said QE3, does not mean the world isn't awash in liquidity.
Sure! Look at what they do, not what they say => M1 M2 anyone???
Gold and silver are on sale.
Remember you only lose or gain when you sell.
I can't wait to see the totals of paper they sold to drop it $100 today. I have a question.............................will the Baltic dry go up because they shipped out the Greeks 100 tonnes of Gold today ?
Finishing touches put on the monthly chart being the last day of the month. I wonder how many will get stopped out of their contracts ?
yah, those numbers should be a hoot.
fuck there are some idiots on ZH. What kind of moron would junk you for innuendo like that? IMO at the very least it was amusing; could be spot on for all anybody here knows.
collapse of paper markets.......i've been waiting 4 years for this....bernanke doesn't miss a trick
Yep... But tomorrow at work I'll have some explaining to do because I just convinced another collegue to buy gold yesterday.....
And already half of our MT is in on it....
I think i better write in a holliday tomorrow...
If he's pissed, you convinced him to buy on his sense of greed, not economic fundamentals. And, he's a fool if he bought it and didn't do his own diligence regarding the manipulation and volitility that goes on in the PM paper markets.
And... if he's truly a fool, you should shun him and not worry about what he thinks of your advice.
Today's action is very supportive of your narrative assuming it is based upon paper vs. physical.
It's akin to understanding Madoff's game, but being able to bet against him, rather than hope to ride his coattails as all his "knowledgeable" rubes did.
Jesus - dude, that's brutal. What a way to join the club, 3 figure drop on their first fuckin' day. That's enough to make anyones butt pucker, let alone a newb.
Good luck finding the words. If its any consolation, they'll learn the meaning of "short-term" soon.
A-year from now this is noise.
Options are puckers not phyz.
100buck move is big, but not unexpectable. Who was it (Mako?) who warned long ago to expect plenty of days with that scale of range as the desperation set in. To Me this is a confirmation of desperation on the part of the CB cartel, and on LTRO day as well!
@ Sudden Debt
+ 1 for tomorrow...
Pity re the bad timing. But, like the above have said, tell them to think long-term, and to buy when possible. I bet your colleague did not go "All Inn", so tell him to keep his shirt on, everything will work out just fine...
never tell anyone to buy anything. You can feel free to tell them what you are doing but NEVER give anyone any advice. They'll only blame you for everything.
But if you are Trav7777 (or Jon Nadler --- if there is any difference), feel free to tell total strangers NOT to buy, frequently and liberally. And don't just tell them, repeatedly SHOUT at them and BERATE them not to buy. Oh, and feel free (if not obligated) to insult them with illogical and irrational vitriol on a regular basis for their buying and/or investment decisions which happen to run counter to the best interests of the sociopathic financial and political elites. Also, you should continually (and malevolently) imply that what is in the best interests of those sociopathic elites is in fact in the best interests of the common man as well, in order to herd them into inevitable financial suicide.
By all means, do all of the above, but NEVER tell them what to buy.
You're just pissed because Trav says what you'd like to say but won't. That's what I think. I get all my good trading advice from the commentary on ZH.
The FED buys down the Price of Gold and Silver with Monies Printed and Provided to the Primary Dealers.. Like JP Morgan who Maintains a Controlling Interest (http://en.wikipedia.org/wiki/Gold_fixing ) now that MF Global UK's shares of the LME have been communicated to JP Morgan.. Thusly JP Morgan is the Majority Share Holder and ALL of those winners! are now Losers! with regard to the Futures Contracts held in PM's.
http://www.lbma.org.uk/pages/index.cfm?page_id=46&title=current_statistics
I should warn you that the Forbes 400 List of Richest People is filled with the Help. In the plainest terms possible, the people on the Forbes list are not anywhere Near! being the Richest 400 in the World.
On 31 December, 2011,
MF Global UK Ltd was
removed from the Membership
List due to the company going
into administration.
http://www.lbma.org.uk/assets/Alch6507Murray.pdf
(Reuters) - J.P. Morgan (JPM.N) has agreed to buy all of defunct U.S. brokerage MF Global's (MFGLQ.PK) shareholding in the London Metal Exchange after a competitive bidding process, KPMG, the administrators for MF Global's UK unit, said on Wednesday.
KPMG did not give a price for the sale.
J.P. Morgan already has a 6.2 percent stake in the LME, the world's largest metals market place, which has opened its doors to potential suitors. Increasing its stake alters the landscape, as LME shareholders seek to protect their interests, or make a profit, in any eventual takeover.
B-SHARES
KPMG said J.P. Morgan will also buy the B-shares held by MF Global. Those would be bought for 2 million pounds, one of the sources said on Tuesday.
B-shares give holders the right to trade on the LME and can be sold separately to other members of the exchange. J.P. Morgan already holds B-shares, and it was unclear what would happen to the new shares it would now acquire.
The LME stake sale, though, could leave more money for MF Global creditors.
KPMG's Heis said the process to sell other parts of MF Global's UK business "continues apace and we are in negotiations with several parties to this end."
A spokesman for KPMG said there were no further details.
http://www.reuters.com/article/2011/11/23/us-mfglobal-lme-jpmorgan-idUST...
I always get a chuckle when I see Carlos Slim being promoted as the richest man in the world.
Yes, the demon Rothchild family is worth in the neighborhood of $231.000,000,000,000.00. "Interest"ing isn't it?
+ 1 lousy little trillion
I have seen "genuine Internet rumors" of Rothschild wealth on that scale. Many, many trillions.
Ten minutes until the close and ES is still red...unpossible!
He needs a lot more than this.
Wait for it... wait for it... by the summer everybody in paper assets will be bleeding out their noses trying to fake happyness
Good exchange rate. Keep doing it, guys.
Buying opportuntiy
Buying opportunity
If The Bernank needs a tumble in stocks, he will get it.
It just has to look like an accident.
Not yet
I don't know about anyone else, but I feel it's almost time get a good strong rope, head to JPM, and have an old fashioned neck-tie party.
You'll need this number.
Affordable Bail Bonds.
401 Broadstreet, New York New York
202 680 1333
It's better to have it and not need it than need it and not have it.
Columbian neck ties for these Vermin would be more appropiate. One good slice. Ear to ear.
"Make the rope tight. It has to hold the weight of a pig"!
Tuco Benedicto Pacifico Juan Maria Ramirez
--"The Ron Paul, The Bill Gates and The George Soros"
Today was one tough day. Took my stops, took losses and all cash. Now, if we go a bunch lower will add to physical. Nothing has changed. Just gotta let it play out. And we will all be back. Unless any were on margin. That is a guaranteed wipe out. Cannot last in this race on margin.
We never said this was easy. Must admit a big drop in the markets would be a relief. Cannot remember seeing a $100.00 drop in gold for a long while.
Frustrating I think is the proper word today. Frustrating seeing manipulation in real time while the CFTC plays the blind man at the door of a bank. 4 years and still no silver investigation results.
Why do you think Blythe told her flying monkeys "Don't Panic" back in 2010? (Hey, they're only down 2 1/2 bucks in 2 years)
She knew she would have the CFTC in her back pocket....with one after the next extension on contract limits...allowing her overlords the necessary exemptions needed to continue with the overconcentration to keep the Large...and in charge...Commercials in the drivers seat.
JPM also has cornered the storage facility market absorbing the Henry Bath Warehouses during their RBS Sempra merger....soze when this all gets outta hand and the SLV and other ETF's buckle under the pressure.....some sort of un-natural happening will "Clause" them to skip out on culpability.
http://www.bloomberg.com/video/61949484/
You are missing the point if you are trading it.
Don't trade it, own it. Trade some other paper shit.
Paper is bullshit. And burns.
Physical DELIVERY at YOUR HOME is PROOF against wild switngs in price.
Price goes down, add to stack.
Price goes up.. wait a bit. Maybe buy a little.
Eventually you have one pile at the bottom of the lake, never sell... ever.
The second pile is to wait until prices rise a bit, sell some and buy more again when it drops.
BUT....
REMEMBER THIS....
There will be a day that the prices are going into the hundreds of dollars per ounce. You need to be able to stay liquid, ready for anything, including home invasion.
If trading Gold, BE VERY CAREFUL not to trigger IRS reporting. Maybe a coin a week or day. But if you sell 5 coins... DERP!!! IRS just took 30% of your shit.
SILVER ASE is the wading pool for newbies until they hit 50 coin to 1 gold.
Once that is established... focus on Palladum and Plat. Full ounces only, none of that fractional shit.
New traders are easy to take advantage of. Let a lady rub them the right way and they shoot the wad and dont understand what happened. Wall Street should be required watching.
I wish I could give you more than a plus one. You raise a lot of good points, bravo!
Jamie and Blythe appreciate your patronage.
I am even wodering why the drop is not more after the remarks of BB, it was a must for him to make PM's fall, a must, agreed with Draghi. Let's wait and see how long this walk on the razor blade lasts.
It wasn't just his comments. The cartel and Benocide work in conjunction. Without someone holding PM's down, how can Benocide keep shuffling bailout funds to Europe?
It's all rigged, manipulated, and controlled. It will end with a bang one day.
I guess Ben didn't sneeze the right way today. Ha what a joke! Eh, just another buying opportunity.
...the Senator questioning BBernak today on the 0.25 bp graft taken from the US treas (thanks to the Fed being in charge of all policy) to primary dealers and almost got the the point of highlighting the thievery...but he couldn't get his argument beyond Bernak's skillful blather distracting from the truth by saying that bit of money goes out on payments to the FDIC....
See how handy it is to get your bad trades paid for (thanks to bailouts and free money via the back door of AIG and all the BS programs passing along guarantees) have your balance sheet trippled and help your agents get paid a little 0.25 bp bonus while using these freely borrowed reserves to pump up and run capital markets on a playbook that you (the cartel leaders) design?
Triggered the exact moment Ron Paul pulled out his coin and questioned The Bernanke. Someone is afraid Joe Sixpack was watching!
Interesting - isnt it?
RP: Silver is worth something - show the people
*than almost immediately*
TPTB: No its not and show the people - by crushing it.
Leave the audience on the most important note...
...a negative one
Psych Ops 101
It leads me to another question -
Why does one even need to show a silver coin? Surely we've all seen a silver coin.
Why not just say it?
Sorry gang - just brain working overtime... i have to ask.
Was this the desired affect?
Because surely we have, but millions others surely have not.
Most people are amazed when they see the silver eagle I carry in my pocket. They are even more incredulous when I tell them it's a U. S. coin. "I thought they stopped making those back in the 1960s", is the usual response. Probably only 1% of the population knows that the U. S. makes gold and silver coinage. The viewers who saw Dr. Paul with the coin already knew. The others are busy working or looking for work or watching the soaps.
Same here, though I carry the "Honest value never fails" USS Constitution coin.
http://www.coinpage.com/coin-image-7739.html
This is a great coin to carry, since the reverse side contains Art. I, Sec. 10 of the Constitution on it. As I hand it to people, I ask them first to read it, then ask them when the Constitution was repealed.
"then ask them when the Constitution was repealed."
The smart answer, on 9-11-01!
Even more sadly, probably 50% of the boiled frogs in the USA probably think that those crappy coins in their pockets are STILL silver --- while the vast majority of the other 50% never even gave it a thought one way or the other.
Yeah, a lot of the modern worthless coins have the cerrations or reeded edges originated by the Romans to make "clipping" of the metal apparent What a joke!
Correct! You get your choice of stuffed animals from row 3. There is no reeding on nickels -- because they are made of "base metals". Not so much any more. I guess they'll start reeding nickels now.
BLOTTO the TROLL you suck dick
Amazing!
They really believe they can contain the crap they're pulling. Everyone knows it's all smoke & mirrors.
Let 'em smack down paper. Physical won't match a total price collapse.
There are no Joe Sixpacks watching TV during the middle of the day, they are all busy being employed in this booming recovery.
I'm hoping gold and silver continues to fall for the next couple of weeks at least, since I'm renouncing my U.S. citizenship in a week and I'll want as low as price possible on them so my exit tax is lowered.
RC 877A imposes a mark-to-market regime, which generally means that all property of a covered expatriate is deemed sold for its fair market value on the day before the expatriation date. IRC 887A further provides that any gain arising from the deemed sale is taken into account for the taxable year of the deemed sale notwithstanding any other provisions of the Code. Any loss from the deemed sale is taken into account for the taxable year of the deemed sale to the extent otherwise provided in the Code, except that the wash sale rules of IRC 1091 do not apply.
http://www.irs.gov/businesses/small/international/article/0,,id=97245,00...
Dude you need a boating accident and claim total losses wtf u care your bailing on this whore house anyway ?
Auto-rehypothecation! If Jon Corzine can get away with it, why can't you too?
This is worse than realigning chairs on the Titanic. This is like throwing the deck chairs at the people already in the lifeboats.
God, just save me this time and I promise, No More Boating Accidents!
@ baltar
+ 1
If I may be nosy, what country are you going to?
Vix was crashing too. Volatility measure? Hello? Should be bought up as protection. Not happening.
Can only mean one thing.
Someone is cashing in their chips in the paper market across the board. Others will follow.
Spring '33 redux. 4 years after the initial crash of '29.
back up the truck on the VIX. technicals are bullish as hell
Sure, technically.
But when the shit hits the fan, no paper asset will be bought UP.
nah when the shit hits the fan there will be so much fucking paper sloshing around the system the vix will be at infinite.
Or not. Cash could be stacked into bonds as well. We're seeing lowest bond yields and low volume market meltup.
I honestly don't think that this time around the Vix or inverse ETFs etc will perform as they should because the cash is leaving the electronic casino for good.
Asians and Europeans are going to go on a shopping spree.
not really... the bullion dealers here in Europe didn't care that much for that big drop today.
After the big drop, silver maples and silver philharmonics are only about 20 eurocents cheaper per ounce.
Exactly! The dealers are aware of the cartel manipulation and don't want to get caught. ALL dealers know the jig is fixed.
this gives a major advantage to US citizens as they can order from the likes of apmex etc. on these big raids and drops. I guess these companies are more directly connected to the "live" paper prices because there's way more competition between them in the US.
APMEX updates their pricing by the minute, but if price goes to low my local guy will not sell any.
APMEX will just adjust their premiums up like they did this morning.
It should be noted they are having a rather fantastic sale for leap day today.
Spot+$1.29 for a wide variety of silver rounds, including some nice looking generics with dragon motifs (that's what I bought for my monthly buy).
That's because the typical dealer does not hedge. Big dealers like APMEX hedge so for the most part they are not too concerned about the nominal level of the metals. They make their money on the spread In a tight market like in 2008 they will increase their premiums significantly but there is plenty of metal around right now so I would expect premiums to be stable.
I think in China HK Singapore they have even much lower margins than we do here in the US.
Yes, when I was looking to sell 1oz last week on eBay I asked for 6,000. Take it or leave it!
I'm not selling an oz for less. I think dealers should follow suit.
That's why smart dealers never "zero-hedge".
PMs on clearance sale. Gold will come down to 1650ish then buy like a mofo
Looks to me like they ran out all the stops with a slightly higher high and are now flushing the bowl.. they'll jack margins sky high now too and get everything going in a controlled collapse and hope and pray rbob follows which did NOT today. It's going to take a bigger flush this time. This may be one of those C wave declines in gold and would not be surprised to see 1300ish before it's all said and done this spring.
if it drops below 1580ish then it will have fallen out of a trading channel that is 3 years in the making. then we might see 1150-1200 gold.
anything can happen but i doubt that will.
Agreed, but I noticed that over the years silver has had a 50% retracement but gold has not. Also, I am still looking for a "washout bottom" but maybe the double bottom at $26 was it for the long haul? We still have that $1,500,000,000,000,000.00 in derivatives that must be unwound. Never forget that!
Yes, I am thinking they may kill Osama again this May 1st and crash silver just like last year. Demons repeat themselves.
All right! One of you ZH'ers out there must have sold your stash. Fess up. Who was it?
Wasn't me!
http://www.youtube.com/watch?v=GH_StQ6KdW0
Stock market at 13000 is what he wants and he has it, so why would he want an excuse for more easing? I'm not following the logic.
Tyler has an agenda, just like everyone else.
The Gold Bubble will pop, just like every other bubble
No. Not this bubble son.
This is a mountain that has weight. It's been accumulating a very long time.
One day someone will add one notebook paper share too many and gravity will determine the results of paper.
Right. The gold bubble will pop because we have leaders who will exercise fiscal sanity, solve the debt problems here and abroad, and (here at least) deal with the unfunded liability problems.
Which one of those, if any, is likely to happen?
Yes, speaking the truth is the ultimate agenda!
The QE is to keep the system going, the banks going. Markets react to the likelihood or not of QE.
He is really not that bothered about the markets, just needs to keep juicing the system.
I don't think there'll be QE in an election year anyway.
And finally, everyone just pays way too much attention to this guy's words. It just shows how scatty the markets are.
It really doesnt matter what price the PMs are at,I will
buy more on the dip and more as quick as I can get FIAT money to buy
it with.
I do not want to be the last one standing holding overpriced and rough
toilet paper.
All in a day's work of the Central Banks. PMs going higher are their major threat; so they have to beat them down in whatever way they can.
I think the rise in oil was planned (with Saudi's help of course). The Central Banks want to mix up the inflation fuel a little bit. A little QE here, a little jack in oil prices here. So I think they will run with this for awhile and see if they can get some stickiness in prices.
The stock market is NOT going to drop signficantly; they have almost total control of it now. The ONLY thing they can't prevent is huge selling based on real and substantial fear (an exogenous event). Otherwise, with this low of volume and all the bad boys pretty much sent packing (hedgies), don't expect much downside.
PMs going higher is not a threat, it is a necessity. PMs balance out Central Banks liabilities; Bernanke even moentioned that today, although he looked like goofball turning around looking for someone to tell him, "Yes, we hold gold as a reserve". What a dumbass; he doesn't even know his own balance sheet!
"Gold Certificates"
An important + 1.
That's right. The Fed holds Gold Certificates that the USG gave them after taking the gold (1933). Those Certficates are non-transferable and non-redeemable.
The Fed DOES hold a little of US gold and gold for various foreign countries in their vault at the FRB in NYC.
If QE is so great, why did it take so long for central bankers to figure it out? It is almost as if the market will never crash again cause they can just QE and jack asset prices right back on up. DOW 20,000.
Babe, yous right, they be jackin' something or other.
Dow 20,000. Bubble Gum $2.
No worries Jim Sinclair says we will increasingly see 100 bucks moves a day in Gold, however I am getting increasingly pissed they are always to the downside
a bargin
agree, it is annoying. lol
You guys need to buy more, then, because you will want to lower your average price point eventually. I would LOVE a drop below $22 in silver, because then I would be lowering my average price/ounce.
I remember three years ago when I first bought silver and gold, and a month later it promptly went down, I nearly pissed myself. I go and tell my friend and he says I should buy something that produces something, like a car company.
I am still trying to get him in the PM market :)
Fair comment, though am pretty much all in anyway, but take the point
If silver were money you probably would invest some of it in a car company.
Nah.
I might do something really big.
Flip a few bars into Trump's hand and buy a few city blocks then hire help to run it all.
Or maybe one day frigging Congress will pass the hat for a gold coin or two from every one present and POOF!!!
No more National Debt.
If fishes were wishes, we would all cast our nets. Except that we have already eaten all of the fish in the sea. Soylent Green baby!
I would need a drop below $18 :(
And that is final price, not spot, so probably more like $12-14.
Well to me it looks obvious,, Iranaians want Gold, and theres not much of it about,,while WTI is up,$ up a bit,,,, this is the finanacial mercanaries of this $/paper crap at their best
Degenerates, morally bankrupt, sociopathic zombies , sleep walking us into this make believe order,, oh their time is short,, anyone who is heads up,, buy physical, F—k them
Let the Persians take the Gold.
That only means prices go up.
When the shooting starts it might just fall quite a bit.
Be ready to buy.
This sell off has the stink of Paulson liquidating all over it
Ben saved the banks and can hammer gold whenever he wants to. He is my hero. No one has ever had so much power in the history of the world.
PM bugs remember the roller coaster; its the only truth in this fixed market in unstable dynamics...up and down, up...
Just as people cried the inevitablity of PMs to 2000 and 50; there is no inevitable when Oligarchs run the market; perfection is not of this world. And when push comes to shove as the whole ponzi is Jack's beanstalk, remember Joan Robinson and her prophecy as the anti-Ayn Rand of her age : the only truth in markets is dominant position. It is their natural calling. Sad but true. Atlas shrugged is not how the eleventh labour was performed.
Monopsony - Wikipedia, the free encyclopedia
Hercules' Eleventh Labor: the Apples of the Hesperides
Awesome tale, the history of man encapsulated!
ZH " peculiar market action " ....... Market action ??? ROFL. Just wait the people on the interweb who watch this crap will tear this "market action" apart for the cartel manuever it is.
You can BET no actual gold is being sold.
" and everyone who is happy to convert paper fiat into hard currencies is taking advantage of this latest short-term rout, "-TD
You got that right.
Are you saying that Bernanke manipulates the stock market? This is rather criminal. Lock him in jail, please.
Selling gold to buy.......Apple?
lolololololol
Howsa about a 'golden' Apple. Last time I heard anyone make a deal using golden apples, Helen was heading to Troy with Paris. And look how well that worked out.
All I can say at this time is 'Be aware of gifts bearing Greeks'. Or was that Greeks bearing gifts. I forget now.
Sorry, I gotta auto-rehypoecate again.
flash crash es (49k sold in 30 seconds after cash close)
MU HA HA HA HAAAAAA shitty gold bugs. Trees don't grow into the sky neither.
See gold below $1000. Buy now I sell with both hands and feets. Daily looks baaaaaadddd technically :-)
Technically, gold looked great at this time yesterday.
fogd be a szadat...illetve, huzzud bort a fogadra!
LOOOOUUUUD NOISES!!!!!!!!!
what did i say yesterday?
gold is the popping bubble
www.marketblip.com
IMHO only, I'm viewing this massive takedown as confirmation that Israel is going to to hit Iran within a matter of days.
Yup. March it is.
I was viewing yesterday's massive spike in silver, coupled with the huge run up in oil, as the same.
I agree 0 gold was sold on this dump. This is a classic paper wipe out. The squids know how to do this and it has happened time and time again. But, ultimately they will lose. And maybe this is the start of a long overdue market correction? Have no clue, just have to wait until the tea leaves tell us the direction.
Right now all confetti plus physical feels good.
Damn, prices are already creeping up. Come on JP Bernanke, Joe Sixpack was watching!!
Keep those dips coming please,Never thought i would own as much as i have and you guys keep throwing it in the trash ....Luv ya
Appreciate it ! cheers and good day
I will always try to be here for you
Hugs and kisses xoxo
PPT brought out heavy arsenal today. watch out for SNB to resume nuking in the overnight session
Try to play the papermarkets and you will get burnt. Buy the physical and wait for the reset and you will be rewarded more than enough.
"Gold, go get you some" Aristotle
+ $55.000
Sold 10oz Monday,. buying now,, you waiting for chairsatan, to say its all go,,you know the game is rigged,
About as ugly a day chart as you will ever see. Will need a lot of consolidation, or lower prices, to get any kind of rally you can trust for more than 5 minutes. Where do the mega hedge funds who bought silver at 36 or 37 go? I hope they look at it as a long term investment and not a trade. Plenty of blood to spread around.
http://vegasxau.blogspot.com
CNBC headline "