Gold Welcomes Its New CTRL+Ping Overlords

Tyler Durden's picture




 

After days and weeks and months of pounding, gold reacted like a stung dog, soaring over $20 upon the realization that following the Philly Fed confirmation that the "recovery" is now officially dead that, gasp, the Fed really has no other choice than to CTRL+P.

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Thu, 05/17/2012 - 10:25 | 2435282 harry555
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GOLD Bitchez!!!

 

Thu, 05/17/2012 - 10:26 | 2435288 idea_hamster
idea_hamster's picture

AU-rgasm, baby!

Thu, 05/17/2012 - 10:31 | 2435328 Pladizow
Pladizow's picture

That which is unsustainable, will not be sustained.

Thu, 05/17/2012 - 10:41 | 2435392 idea_hamster
idea_hamster's picture

Maybe it's that Japanese pension fund buying -- I bet it's been so long since they bought anything other than the JGB, they don't even have the phone number for a good broker.

They probably just called AMPEX and said "We need 10T yen worth!"

Thu, 05/17/2012 - 11:18 | 2435637 tdogg
tdogg's picture

what's the japanese word for "Pronto"?

Thu, 05/17/2012 - 11:23 | 2435663 Quintus
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"Plonto"?

Thu, 05/17/2012 - 11:33 | 2435711 Shitters_Full
Shitters_Full's picture

I down arrowed you while laughing.  Is that a hedge against my conscience?

Thu, 05/17/2012 - 12:34 | 2435966 j0nx
j0nx's picture

Racist! I still up arrowed you.

Thu, 05/17/2012 - 10:31 | 2435330 GetZeeGold
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Move over OWS....make way for the barbarians.

 

Thu, 05/17/2012 - 10:47 | 2435447 tocointhephrase
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If only the Occupy movment joined us barbarians we would totally overwhelm the Crimex

Thu, 05/17/2012 - 11:53 | 2435812 silverserfer
silverserfer's picture

they would but the cant afford the shinny. Thus their ill tempers.

Thu, 05/17/2012 - 10:51 | 2435468 Dr. Richard Head
Dr. Richard Head's picture

I believe I have found a new trade to take part in during the collapse - Seamstress.

I think gold is a great thing to sew onto your garments if your a Jewish family in Vienna in 1939 but I think CIVILIZED people don’t buy gold."  Charlie Munger, the Vice Chairman for  Warren’s Berkshire Hathaway

Thu, 05/17/2012 - 10:26 | 2435300 slaughterer
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This too will be faded. Prepare for "THE PLUNGE" across every asset class.

Thu, 05/17/2012 - 10:29 | 2435319 idea_hamster
idea_hamster's picture

OK, then how about, "AUrgasm!  Zzzzzzzzzzzzz...."?

Thu, 05/17/2012 - 10:31 | 2435335 GetZeeGold
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Missed the boat huh?

 

Thu, 05/17/2012 - 10:46 | 2435441 Spitzer
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He is a deflationist. You know... the guys who have been shorting the DOW for the last 3 years.

Thu, 05/17/2012 - 10:54 | 2435489 5880
5880's picture

Gold isn't the only fiat defense, copper, aluminum etc. are still shite.

a lot of goofs are long gold and silver creating some craziness

Thu, 05/17/2012 - 11:06 | 2435508 GetZeeGold
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Yeah.....for about the last 11 years. Why do you think they call them goofs?

 

Thu, 05/17/2012 - 11:16 | 2435626 5880
5880's picture

I pick my long and short points

put your cheerleader skirt and pom poms down Alice

Thu, 05/17/2012 - 13:07 | 2436128 sullymandias
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Pt Pd

Thu, 05/17/2012 - 23:35 | 2438394 dogbreath
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I am always impressed by anyone who from the shelter of anonymity, calls others  GOOFS

you are less than nothing

Thu, 05/17/2012 - 10:49 | 2435410 Floordawg
Floordawg's picture

As much as I like to see the gains, I'm placing my bets on the same beliefs Slaughter... it's looking like prices are going to correct a bit lower from here (short term that is).

Good luck everyone.

Thu, 05/17/2012 - 10:45 | 2435429 Eclipse89
Eclipse89's picture

Worry not, more accumulation on lower prices.

Thu, 05/17/2012 - 10:27 | 2435302 tocointhephrase
tocointhephrase's picture

Silver Bitchez and Jon Nadler you can't buy God but you can aquire God's money, you scum bag, government drone!

Thu, 05/17/2012 - 10:31 | 2435331 slaughterer
slaughterer's picture

QE crack junkies have to wait until June 20th for their next handout.    By then, Grexit will be mission accomplished.  Prepare for "THE PLUNGE" (TM).

Thu, 05/17/2012 - 11:52 | 2435394 HarryM
HarryM's picture

They do QE now and Grexit turns ugly, they will be out of matches.

So slow slide or crash and burn

In the meantime they'll buy a month on QE rumors and whispers befor they actually hit the button

Thu, 05/17/2012 - 10:28 | 2435307 battle axe
battle axe's picture

GOLDEN RULE: He who has the gold makes the rules.....

Thu, 05/17/2012 - 10:33 | 2435343 fuu
fuu's picture

Trav?

Thu, 05/17/2012 - 11:06 | 2435571 slewie the pi-rat
slewie the pi-rat's picture

tMosle.e to the white phone in the powder room?

Thu, 05/17/2012 - 13:46 | 2436304 tmosley
tmosley's picture

It's not Trav.  He hasn't said a word about the inferiority of dark skinned people in this thread.

Thu, 05/17/2012 - 12:24 | 2435921 Silver Bug
Silver Bug's picture

Gold will win the day.

http://ericsprott.blogspot.ca/

Thu, 05/17/2012 - 10:25 | 2435285 Doubleguns
Doubleguns's picture

Ground control to major Tom.....

Thu, 05/17/2012 - 10:28 | 2435306 Janice
Janice's picture

Your circuit's dead, there's something wrong
Can you hear me, Major Tom?
Can you hear me, Major Tom?
Can you hear me, Major Tom?
Can you....

Thu, 05/17/2012 - 10:25 | 2435290 EscapeKey
EscapeKey's picture

What happens once Uncle Ben's P key gets stuck?

Thu, 05/17/2012 - 10:28 | 2435310 Frastric
Frastric's picture

Hyperinflation!!!

Thu, 05/17/2012 - 10:29 | 2435318 CPL
CPL's picture

This time it will have to remain on 24/7.

 

I wish everyone luck in the future.

Thu, 05/17/2012 - 10:35 | 2435351 Doubleguns
Doubleguns's picture

Might need to increase that to 25/8.

Thu, 05/17/2012 - 10:42 | 2435403 CPL
CPL's picture

OH yeah...forgot about the group of people running it.  25/8/423 it is then

Thu, 05/17/2012 - 11:05 | 2435564 Doubleguns
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Now it might work.

Thu, 05/17/2012 - 12:00 | 2435838 blunderdog
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Aw, fuck, they're devaluing TIME now?

Thu, 05/17/2012 - 10:30 | 2435324 bdc63
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to the moon alice!

Thu, 05/17/2012 - 10:26 | 2435291 whopper
whopper's picture

Duh ! But not soon enough for my Call options. sigh

Thu, 05/17/2012 - 10:33 | 2435339 CH1
CH1's picture

Please remember that trading paper is to rely on the regulated casino to deliver your payment.

Remember MF Global.

Thu, 05/17/2012 - 10:35 | 2435356 tocointhephrase
tocointhephrase's picture

DOH!

Thu, 05/17/2012 - 10:37 | 2435363 harry555
harry555's picture

Regulated?  Hmm...I admire your faith in the powers that be!

 

Thu, 05/17/2012 - 10:26 | 2435292 A_S
A_S's picture

did the same some months ago

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