Goldman Head Gold Trader Speculates About "Authority" Intervention In Gold, Sees Precious Metal Pushing Higher

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Thu, 09/08/2011 - 15:52 | 1647486 Careless Whisper
Careless Whisper's picture

Does Zak Dhabalia have a criminal lawyer on retainer too, or is it just Lloyd?



Thu, 09/08/2011 - 16:04 | 1647546 I think I need ...
I think I need to buy a gun's picture

end game bitchez

Thu, 09/08/2011 - 17:31 | 1647871 Spirit Of Truth
Spirit Of Truth's picture

Because of the gold ebullion at ZH, some seem to be missing that the dollar may be taking off here as the new safe haven.  This will unwind all the risk on dollar carry trades around the world accumulated since Helicopter Ben started his ill-fated bubble policy in 2009.  Gold will likely be one of the victims, and the collapse in asset prices could come very quickly. JMHO.  At the least, hedge...

Thu, 09/08/2011 - 17:36 | 1647878 tekhneek
tekhneek's picture

You're saying that a collapse of the Euro will bring new found faith in the biggest debtor nation's fiat currency? I disagree. I think this will be the straw that breaks the camels back.

After all, euro or no euro, the US dollar's days are numbered.

Hedge accordingly. Making paper gains that are actually a net loss isn't exactly hedging... just sayin'

Thu, 09/08/2011 - 17:40 | 1647898 Troll Magnet
Troll Magnet's picture

seems to me like GS's ploy to bring down JPM.
they are about to eat each other!!!

Thu, 09/08/2011 - 17:44 | 1647913 tekhneek
tekhneek's picture

Ah yeah. I guess I get what he's saying in that regard.

I just think the symmetry between situations like dollar crashing, gold rising, etc are gone.

You notice the dollar going up/down makes no difference on gold now, and for that matter, neither does news.

I can't wait til the PAGE opens. Get your gold before that happens. That shit's going to make people shit their pants when it opens.

Kind of reminds me of:

Thu, 09/08/2011 - 19:41 | 1648508 Snidley Whipsnae
Snidley Whipsnae's picture

As Mish pointed out recently the dollar and gold are now moving inversely MOST sessions.

As far as what happened with the gold take down recently (in conjunction with Swissy peg announcement) see what Dan Noricini has to say... He didn't pull any punches.

"Central Banks Waging War On Gold At This Hour"

Thu, 09/08/2011 - 18:47 | 1648143 cheesewizz
cheesewizz's picture

I think it was Poopoo that brought up the fact that the USD is the world's reserve curency. Also the USD controlls the worlds oil market with the worlds most powerful military to back it...Just sayin

Thu, 09/08/2011 - 19:21 | 1648297 The Deleuzian
The Deleuzian's picture


No difference... Print ad Infinitum .......The difference between the $ and the Euro is the duration of the recognition.  It's just a trade and I guess some dead bodies somewhere in real time

Fri, 09/09/2011 - 03:15 | 1649748 Lord Koos
Lord Koos's picture

The dollar is "taking off" only as measured against a basket other inflated fiat currencies. It's certainly not "taking off" like gold has been.  

Thu, 09/08/2011 - 16:11 | 1647575 SheepDog-One
SheepDog-One's picture

Is Zak related in any way to Bob Dobolina?

Thu, 09/08/2011 - 16:20 | 1647621 Bay of Pigs
Bay of Pigs's picture



Thu, 09/08/2011 - 16:23 | 1647639 DoChenRollingBearing
DoChenRollingBearing's picture



Thu, 09/08/2011 - 18:47 | 1648141 Not For Reuse
Not For Reuse's picture

question is, does he cover now and lose 90% of yesterday's unrealized profit, or does he add to his short position on this bounce..?

Thu, 09/08/2011 - 16:34 | 1647672 fuu
fuu's picture

<golf clap>

Thu, 09/08/2011 - 16:36 | 1647681 RealitiveMind
RealitiveMind's picture

I think it's Joe Davola

Thu, 09/08/2011 - 17:09 | 1647801 runlevel
runlevel's picture

crazyyyy joe davola.. he's kybosh'd before.. and he'll kybosh again..

Thu, 09/08/2011 - 17:39 | 1647882 bob_dabolina
bob_dabolina's picture

LMAO +1 

That's what everyone else is doing so I'll toe the line.

....maybe they're the same person. 

Thu, 09/08/2011 - 18:23 | 1648054 Hephasteus
Thu, 09/08/2011 - 19:00 | 1648178 fuu
fuu's picture


Thu, 09/08/2011 - 17:09 | 1647802 Whalley World
Whalley World's picture

I undersand Goldman takes out Keyman Insurance on ther employees.  I think Zak has the potential to be a proft center for GS.

Thu, 09/08/2011 - 17:27 | 1647857 goldm3mb3r
goldm3mb3r's picture

The first rule of Goldclub is - you do not talk about Goldclub.

Thu, 09/08/2011 - 15:56 | 1647501 toady
toady's picture

Get it before it gets too hot!

Thu, 09/08/2011 - 15:57 | 1647508 toady
toady's picture


Thu, 09/08/2011 - 16:01 | 1647525 Cash_is_Trash
Cash_is_Trash's picture

Heck, keep it low, I need to accumulate!

Thu, 09/08/2011 - 16:05 | 1647547 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Ive traded all my Gold in for NFLX.  I do what Gartman does.

Thu, 09/08/2011 - 16:26 | 1647650 Troll Magnet
Troll Magnet's picture

are you retarded? you need to diversify!
i suggest you sell some, but not all, shares of NFLX and pick up some Hulu and spam. and some iPads. you're gonna need iPads!

Thu, 09/08/2011 - 16:39 | 1647689 RealitiveMind
RealitiveMind's picture

Get iPads in different colors?


OT (well sort of always the topic) -

Thu, 09/08/2011 - 16:41 | 1647702 topcallingtroll
topcallingtroll's picture

I find myself strongly attracted to you.

Thu, 09/08/2011 - 16:44 | 1647710 RealitiveMind
RealitiveMind's picture

That's normal.

Thu, 09/08/2011 - 17:17 | 1647823 MsCreant
MsCreant's picture

That's funny!

Thu, 09/08/2011 - 17:30 | 1647868 SilverBaron
SilverBaron's picture

Is that the most interesting man in the world?


Thu, 09/08/2011 - 19:46 | 1648546 Snidley Whipsnae
Snidley Whipsnae's picture

Interesting to himself... I gotta admit that getting Romans to drop soccer in favor of baseball is a feat... Or is that feat?

Thu, 09/08/2011 - 17:23 | 1647835 Mitzibitzi
Mitzibitzi's picture

No! You're clearly poles apart.

Thu, 09/08/2011 - 17:23 | 1647838 DosZap
DosZap's picture

< Cash_is_Trash >

WHAT is your def of LOW?.

It's already picked up $80.00 USD from yesterday...................$1870.00, is not what I call BTD.

Add prems, and your at $1900.00............................

Thu, 09/08/2011 - 17:38 | 1647889 tekhneek
tekhneek's picture

Where do you buy gold from? I"m looking at $1920/oz for gold right now...

Thu, 09/08/2011 - 19:05 | 1648205 DoChenRollingBearing
DoChenRollingBearing's picture

Currently my local coin shop (in a big city) charges about $90 over spot.  The +/- 5% has been pretty consistent for a long time.  And that is for 1 oz Gold Eagles, the form of gold I prefer.

Thu, 09/08/2011 - 19:48 | 1648557 Snidley Whipsnae
Snidley Whipsnae's picture

Try Gainsville Coin, Blanchard's, etc... Shop around for best price... and ask about insurance and delivery charges.

Fri, 09/09/2011 - 14:48 | 1651939 Lord Koos
Lord Koos's picture


Thu, 09/08/2011 - 19:12 | 1648245 SWRichmond
SWRichmond's picture

Heck, keep it low, I need to accumulate!

I'm buying miners on the dips.  Fun stuff!  The new purchases are up 9% in two weeks.  And I'm not even a trader.

Thu, 09/08/2011 - 15:56 | 1647503 Justaman
Justaman's picture

A little cannibalism never hurt noone.

Thu, 09/08/2011 - 15:57 | 1647504 disabledvet
disabledvet's picture

I thought that Zac guy was a popular musician/troubador. Oh wait...that's Zac Karabell (sp?) a gold "analyst." what the hell is that?

Thu, 09/08/2011 - 17:25 | 1647844 Mitzibitzi
Mitzibitzi's picture

"This one here is gold. That one... tungsten, I'm afraid."

"Really! Fort Knox, you say? How about that!"

Thu, 09/08/2011 - 15:57 | 1647507 mayhem_korner
mayhem_korner's picture

A Man for All Seasons?

Who darest pull thy curtain back...?

Thu, 09/08/2011 - 15:58 | 1647511 Gringo Viejo
Gringo Viejo's picture

Job opening!

Thu, 09/08/2011 - 15:59 | 1647517 Sequitur
Sequitur's picture

Here we FUCKING go.

Thu, 09/08/2011 - 16:51 | 1647739 Shocker
Shocker's picture

More fun ahead

Thu, 09/08/2011 - 15:59 | 1647518 Cognitive Dissonance
Cognitive Dissonance's picture

OMG! Someone is speaking truth about Gold interventions? OMG!

Thu, 09/08/2011 - 16:19 | 1647613 GeneMarchbanks
GeneMarchbanks's picture

Funny how they're on the truth wagon now that there are no consequences?



Thu, 09/08/2011 - 17:20 | 1647833 NotApplicable
NotApplicable's picture

The only thing missing is the "TA DA!"

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