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MNI Reports Coordinated Central Bank Intervention Sends Gold Lower Intraday

Tyler Durden's picture


It is one thing for conspiracy websites to indicate that the Fed or the global central bank cartel are doing everything in their power to manipulate the price of gold lower. It is something different when the 'reputable', Deutsche Boerse owned Market News does just that.


So much for all those sworn testimony claims that the central bankers do not manipulate the price of gold.

h/t GoldCore


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Thu, 12/08/2011 - 13:36 | 1959327 hugovanderbubble
hugovanderbubble's picture

Who´s buying it?:)

Thu, 12/08/2011 - 13:37 | 1959330 Crisismode
Crisismode's picture

I am, for one.

Thu, 12/08/2011 - 13:40 | 1959337 BaBaBouy
BaBaBouy's picture

Fucking Manipulation... Thats about all they know how to do...


Butt remember, they play only with PAPER Gold.

Thu, 12/08/2011 - 13:53 | 1959438 Pladizow
Pladizow's picture

GATA Bitchez!

China says thank you velly velly much!

Thu, 12/08/2011 - 14:00 | 1959497 trav7777
trav7777's picture

keep buyin...I guess they can naked short it and end up printing cash to cover

Thu, 12/08/2011 - 14:13 | 1959597 knukles
knukles's picture

Another Conspiracy Theory blown to shit.
I am getting so fucking tired of expostulationg ideas over the years to be told I'ma Conspiracy Theorist, Nutjob, fucktard only later to proceed through the gradual unwinding process of the shit becoming true.
And by the time it does, everybody else in the worls looks at you and says... What?  Everybody Knows That!

OK So fuck off if you're not thinking like the Knukles.
Even yesterday. I was at a luncheon populated heavily with equity managers and it was like being in an alternative fucking universe.

And today, watching gold get fucking battered, it was clear as a bell.  Somebody was fucking with it tryong desparately to knock it doen what with all the bad news circulating WorldFuckingWide.

Shite, it's all shite and getting shitteier. 

Thu, 12/08/2011 - 14:25 | 1959688 Hard1
Hard1's picture

Great news!!, they are subsidizing our last chance to buy at these prices.

Thu, 12/08/2011 - 14:54 | 1959866 Quinvarius
Quinvarius's picture

The Federal Reserve attacked the US Treasury's already precarious solvency.  That is all I see--The Fed making the people and the government of the USA poor.  It was an attack on the USA plain and simple.  Besides the fact that it is treason and terrorism, it really pisses me off. 

Thu, 12/08/2011 - 15:13 | 1959957 zorba THE GREEK
zorba THE GREEK's picture

The fact that central banks are selling gold openly now, smacks of desperation.

The time to prepare is running out. PMs are on sale.

Thu, 12/08/2011 - 15:51 | 1960097 Kali
Kali's picture

The stench of their fear is overwhelming.  The blatant manipulation of everything, markets/gold, means it is all over.  I am  glad, I am tired of waiting.  I am having a real hard time justifying sending the governments (yes state and local too) any of my "taxes" for 2011.  I have no reason to be paying any of these lying, psychopathic pieces of donkey shit any of my earnings.  They have all declared war on the people of this country.  We need to declare war back.

Thu, 12/08/2011 - 19:08 | 1961060 The Japer
The Japer's picture

Kali, until I read your comment, I thought I was the only one thinking about withholding taxes owed to government.  Would that not be the best way to protest and voice our justified anger at politicians and ever-expanding government intervention in our lives?  Why aren't more on board?  Where is the populist support? 

Thu, 12/08/2011 - 15:58 | 1960127 Badabing
Badabing's picture

A complicated web we weave.

central banks have gone from net sellers to net buyers in the last few years!

How many times have we heard this!

Now we know why, they sell on paper and buy phyisical the same day, the central banks should be shut down!

but how the hell do you do that?

Thu, 12/08/2011 - 16:03 | 1960137 Kali
Kali's picture

Nukes?  pitchforks and torches, guillotines, sniper rifles, food poisoning, let me count the ways.  It appears to be the ONLY way.  Their intent is clear.  They intend to steal everything that exists and starve us all out. 

Thu, 12/08/2011 - 16:14 | 1960192 grekko
grekko's picture

I got gold and silver, (think I'll buy some more though) I just need more bullets. 

Thu, 12/08/2011 - 18:11 | 1960901 toothpicker
toothpicker's picture

The worst of the worst are all those smart ass technical analysts: analyzing and making charts of manipulated markets! The can stick their fibonaccis!

Thu, 12/08/2011 - 19:11 | 1961071 RiverRoad
RiverRoad's picture

Right.  "They" always drive down the price of whatever it is that "they" want to buy, so buy along with 'em.

Thu, 12/08/2011 - 14:30 | 1959723 machineh
machineh's picture

Let's be charitable -- maybe the turbocharger broke on the printing press, and they needed to raise some quick cash.

After all, with the debt ceiling fast approaching, why wouldn't cornered rats just sell gold? 

Thu, 12/08/2011 - 14:54 | 1959871 HoofHearted
HoofHearted's picture

They're just trying to get the last of these high prices for gold...just like England did in...oh shit, nevermind.

They're all motherfucking assholes. We know that. Let's stop voting for the one of the two approved candidates that is the less asshole-ish and vote for someone who really ought to be in a place of influence. Ron Paul for President.

Thu, 12/08/2011 - 16:15 | 1960197 grekko
grekko's picture

I'll drink to that!

Fri, 12/09/2011 - 01:35 | 1961987 FlyPaper
FlyPaper's picture

You do realize that if Ron Paul became President, they'd likely try to send him on a convertible ride in Dallas...

Thu, 12/08/2011 - 18:40 | 1960984 4horse
4horse's picture


which is how they make a living, with their mouths



                          they ain't sold no gold

Thu, 12/08/2011 - 14:51 | 1959857 mirac
mirac's picture

Way too many F's...

Thu, 12/08/2011 - 18:34 | 1960967 4horse
4horse's picture

yes. never knuckle under:

. . . And by the time it does, everybody else in the worls looks at you and says... What? Everybody Knows That!


All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.





a lifetime of lies: JFK. 9/11              

Thu, 12/08/2011 - 14:23 | 1959641 Troll Magnet
Troll Magnet's picture

Okay, here's how you play this bullshit game.

If you already own a bunch of physical, relax and act like you don't know what gold or silver is.  Don't let anyone know you own anything.  You're sitting real pretty.

If you're still accumulating, buy a little here but don't buy too much.  For example, if you had set aside $1,000 to buy more physical gold, spend maybe $250 and hold on to the rest of your paper money.  And accumulate more cash for the time being.

If you don't own any physical gold, start buying now.  But don't go all in.  I'd spend 50% of my cash on gold and silver right now if I didn't own any PMs.  

When shit starts to crash and burn all around us, gold could very likely dip to the $1,600 level or maybe even $1,500 to $1,400 range before it shoots north of $2,000 and (much, much) higher.  Then you can clean out your coin dealers' inventory and laugh all the way to your undisclosed location.  

Personally, I bought a couple oz a few weeks ago when the price dipped to the mid $1,600 range.  And since I'm still in an accumulating mode, I'm licking my chops this morning.  Mmm...Gold...or maybe I should pick up a couple of more 100 oz silver bars.  Decisions, decisions...

Thu, 12/08/2011 - 14:46 | 1959836 XitSam
XitSam's picture

Timing a manipulated market? Thanks, but no thanks. I'll just buy and not worry about the gains I could have had.

Thu, 12/08/2011 - 15:17 | 1959969 lemonobrien
lemonobrien's picture

love how your prices are hundreds of $ off. at least you're honest about being a troll.

Thu, 12/08/2011 - 16:19 | 1960214 grekko
grekko's picture

When gold hits $6K-$8k, who's gonna care that the you saved $200/ounce?  That won't even be enough to get a coffee at McDonalds at that time.

Thu, 12/08/2011 - 17:41 | 1960768 Troll Magnet
Troll Magnet's picture

Well, let's say you have $10,000 to buy physical gold.  If you buy right now at $1,700/oz, you can buy 5.8 oz.  But if you're lucky enough to catch the dip and buy @ $1,500/oz, you can buy 6.7 oz.  


If/When gold hits (let's say) $10,000/oz, your gold will be worth either $58,000 or $67,000.  

That's why you should care.

Sat, 12/10/2011 - 04:22 | 1965646 boatman
boatman's picture

catch that falling knife if u can....not as easy as it sounds....if u think it is then you've never done it.

Thu, 12/08/2011 - 19:23 | 1961099 fiddler_on_the_roof
fiddler_on_the_roof's picture

I don't think you will be able to buy any Gold below $1650. Today's price looks like an interim bottom to me.

If I were you, I will go all in now at $1708.

Thu, 12/08/2011 - 14:06 | 1959530 bernorange
bernorange's picture

GATA recently highlighted an FT report about massive bank gold leasing.  More paper games with paper gold.  As a PM bug, I prefer the real thing.

Thu, 12/08/2011 - 15:45 | 1960073 knukles
knukles's picture

Oh yeah, and a second thought.  Having been said that this don't happen and having been noted that it probably, likey, pretty much is happening, does this open up a possible perjury charge in front of Congress by you know who? 

But then again whose gonna enforce the laws in the land of the lawlwss?

Thu, 12/08/2011 - 16:19 | 1960213 midtowng
midtowng's picture

Gold technicals show a huge compressing wedge. It's gotta break one way or another in the next couple weeks

Thu, 12/08/2011 - 15:39 | 1960049 el Gallinazo
el Gallinazo's picture

Butt remember, they play only with PAPER Gold.


You mean they're not seliing Fort Knox tungsten?  I wanted to refurbish some old light bulbs.

Thu, 12/08/2011 - 16:12 | 1960180 earleflorida
earleflorida's picture

bis is not a paper tiger, but a well endowed golden eagle with stealthy talon's 

Thu, 12/08/2011 - 13:40 | 1959371 HedgeAccordingly
HedgeAccordingly's picture

id rather buy dollar and sit.. and wait.. ES on a ledge

Thu, 12/08/2011 - 13:50 | 1959430 LawsofPhysics
LawsofPhysics's picture

I agree, but since when have technicals mattered?  Only a few things can be bet on safely;

1) If TPTB can change the rules, they will.

2) IF TPTB can manipulate the markets without any serious chance they will lose everything, they will.  

The flux of available energy is forcing the return to local economies.  This is a central "controller's" worst nighmare.

Thu, 12/08/2011 - 17:25 | 1960690 Silver Pullet
Silver Pullet's picture

3) If TPTB ever lose money, they just print it to make up for the loss and pass it on to the taxpayers.

Thu, 12/08/2011 - 17:57 | 1960849 LawsofPhysics
LawsofPhysics's picture

Only as long as what they print is accepted.

Thu, 12/08/2011 - 13:45 | 1959404 TruthInSunshine
TruthInSunshine's picture

The BBC aired a special today whereby they interviewed people in the Netherlands who want to go back to the guilder and leave the EU, and the far right party there, which used to be non-relevant, now has the 2nd most seats in parliament and is positioned to upset the majority party soon.

The main reason?  The cost of living/inflation.

Let them print euros to infinity and beyond, which is the ONLY way to save anything remotely approximating what is now the European Union, as holders of sovereign debt get paid back with used toilet paper, and as inflation absolutely enrages people in Europe who tend to be much less even tempered than the Dutch, and watch what happens.

Anyone who actually believes that the European Union can be saved at this point is beyond delusional. If it's "saved," the "save" won't last very last.

Thu, 12/08/2011 - 13:57 | 1959476 Uber Vandal
Uber Vandal's picture

Funny thing about that, is I have a few friends in the Netherlands, and when they went from the Guilder to the Euro, the money that they had in the bank became less, but the price of EVERYTHING became more.

But, precious metals are in a bubble you know.

Thu, 12/08/2011 - 18:22 | 1960921 Old Poor Richard
Old Poor Richard's picture

Deflation of the value of everything you have.  Inflation of the price of everything you need.  It is the way of the banksters.  It is the way of the fiat currency.  It is the way of the Dark Side.

Argentina saw the same thing.  Greece will see the same thing if they withdraw from the Euro. 

A country could conceivably do the right thing, pull out of the Euro and adopt a gold-backed currency.  It would guarantee they could never try to print theirselves out of a hole.

I'm wondering when China is going to announce willingness to buy oil with gold-backed currency.  Or Chavez is going to announce unwillingness to sell oil for anything but gold-backed currency.  (The latter would be a good one; see how fast the U.S. bombs his sorry ass if he tries it, in the name of "anti-terrorism.")

Ob original article: Pretty hilarious the financial press openly reported manipulation by the banksters, it's supposed to be a secret (lolz).  We'll see how many hours this latest smack down lasts. 

Thu, 12/08/2011 - 13:38 | 1959340 StrangerThanFiction
StrangerThanFiction's picture

I'll take some silver. It's on sale!

Thu, 12/08/2011 - 13:40 | 1959376 hugovanderbubble
hugovanderbubble's picture

Im strong silver long player, but in the short term , with all my respects i think we gonna test 27-28 USD, because EURUSD gonna drop below 1.31x

Thu, 12/08/2011 - 13:49 | 1959437 Nate H
Nate H's picture

I agree. And if euro goes to 1.25 silver goes to ~$25. but if euro goes to 1.20, then silver goes the other direction....;-)

Thu, 12/08/2011 - 13:57 | 1959475 StrangerThanFiction
StrangerThanFiction's picture

I agree it may go down even more, but knows for sure.

Thu, 12/08/2011 - 14:15 | 1959574 tekhneek
tekhneek's picture

I dumped the last of my dry powder back when it tested 30 or so. I did 50/50 and got in at $35 then again at $30.

I'm stacking paper til the next huge dip. I know there's going to be a few more and at least one major one. That's when I'm going to cash in the rest of my dry powder. I'm thinking sub-$20 range. If it never comes back at least the bulk of my position is physical. I have a small % in cash but now I'm just stacking paper and waiting for the fuck faces short it into oblivion for me.

$2 in silver for every $1 in gold baby.

Thu, 12/08/2011 - 13:39 | 1959365 hugovanderbubble
hugovanderbubble's picture

I honestly think all its EUR/USD driven...

If they has been sellers its because they "expect" a big drop in the EURUSD for next months..reason..of course France downgraded to AA from AAA:¡

Thu, 12/08/2011 - 13:45 | 1959408 Fluffybunny
Fluffybunny's picture

Gold dropped priced in EUR too.

Thu, 12/08/2011 - 13:40 | 1959370 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Other Central Banks....Korea...India...etc

Thu, 12/08/2011 - 13:47 | 1959424 Central Wanker
Central Wanker's picture

I am.

There's one very simple rule I'm following: If someone has to sell, then I have to buy.

Thu, 12/08/2011 - 14:00 | 1959478 AldoHux_IV
AldoHux_IV's picture

Could be that creditor nations demand discounted prices in part compensation for the worthless paper they're holding.

Wed, 12/14/2011 - 11:50 | 1978828 blindman
blindman's picture

middle east peoples. i would say countries
but they are just for show and mind control.
so i hear.

Thu, 12/08/2011 - 13:37 | 1959336 PaperBear
PaperBear's picture

We must be nearing the start of the massive upward repricing of gold/silver.

Thu, 12/08/2011 - 13:38 | 1959343 Canadian Dirtlump
Canadian Dirtlump's picture

Make no mistake, we were conspiracy wierdos before it was cool.

Thu, 12/08/2011 - 13:38 | 1959344 DCFusor
DCFusor's picture

Nothing to see here, they figured, "why not trade some useless barbarous relic for some real money?"  They probably need it right around now.

Thu, 12/08/2011 - 13:38 | 1959347 Elmer Fudd
Elmer Fudd's picture

Sellng paper gold?  Deliverable in tungsten?

Thu, 12/08/2011 - 13:41 | 1959383 tmosley
tmosley's picture

If you're lucky.  At least you would have something physical.

More likely you just get a shrug from Corzine and Co.

Thu, 12/08/2011 - 13:49 | 1959434 rosiescenario
rosiescenario's picture

Perhaps we should be charting the demand for tungsten versus the price moves of gold? ...might get a better sense of how bad the manipulation really is???

Thu, 12/08/2011 - 14:45 | 1959826 chubbar
chubbar's picture

If you want to see how much they are manipulating gold just scroll back to yesterdays derivatives chart (not sure which post it was) and look at the totals for the gold derivatives. I think I recall it being around half a trillion or so with tens of billions being added every month. Rob Kirby did a decent explanation on how TPTB are using derivatives to contain prices of all commodities in order to mask the FRN printing and other assorted hijinks that our beloved gov't is doing on a daily basis. You might be able to find that article if you google him and scroll through his articles.

Thu, 12/08/2011 - 13:38 | 1959349 PaperBear
PaperBear's picture

I suppose the theft from MF Global segregated accounts only bought them a months respite.

Thu, 12/08/2011 - 13:39 | 1959353 pirea
pirea's picture

This is a Christmas gift for China, Russia, India and other buyers. Keep it doing stupid staff CB.

Thu, 12/08/2011 - 13:39 | 1959354 surfersd
surfersd's picture

Really? Don't they have anything better to do? I want to be around when they have to buy back their shorts.


Thu, 12/08/2011 - 13:39 | 1959357 scatterbrains
scatterbrains's picture

Is there a central banking skirmish going on with this news release ?

Thu, 12/08/2011 - 13:39 | 1959359 Dr. No
Dr. No's picture

BS.  The FED is selling gold??  At $42.XX per ounce??  I beleive they will lease to the bullion banks who then sell it, but this is somewhat shaddy.

Thu, 12/08/2011 - 13:41 | 1959384 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You are correct.  They lease gold, they do not sell it.

Thu, 12/08/2011 - 13:42 | 1959387 Spigot
Spigot's picture

Its all unbacked (naked) short selling. Paper.

Thu, 12/08/2011 - 13:39 | 1959362 achmachat
achmachat's picture

so. much. cheap. precious metals!

if only I had more fiat available right now!!

Thu, 12/08/2011 - 13:41 | 1959382 StrangerThanFiction
StrangerThanFiction's picture

E-mail Jon Corzine perhaps he can lend you some fiat at low interest.

Thu, 12/08/2011 - 13:42 | 1959392 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Corzine doesn't know where his beard is.

Thu, 12/08/2011 - 14:53 | 1959517 bigdumbnugly
bigdumbnugly's picture

sure he does.   it's where it's always been, bopping up against  gary gensler's balls.


Thu, 12/08/2011 - 13:51 | 1959447 Nate H
Nate H's picture

"so. much. cheap. precious metals! if only I had more fiat available right now!!"

Please at least respect the possibility that you might be saying that at significantly lower metals prices, with dollar much much stronger than today..

Thu, 12/08/2011 - 13:39 | 1959366 ArsoN
ArsoN's picture

If the trade goes against them they'll just print more money to cover their losses...

Thu, 12/08/2011 - 13:42 | 1959389 scatterbrains
scatterbrains's picture

oh I wish! imagine the parabolic whirlpool they'd find themselves caught  in as they have to keep printing which in turns causes pm's to sky ever higher. print print print

Thu, 12/08/2011 - 13:39 | 1959367 GeneMarchbanks
GeneMarchbanks's picture

Well... of course it's part of the tradition.

Thu, 12/08/2011 - 13:43 | 1959368 Bam_Man
Bam_Man's picture

"Paper" assets (stocks, bonds) must be made to go up to "preserve confidence in the system". Physical PM's stand in the way of that. So they must be capped whenever possible.

So let them manipulate it all they want. It's just another buying opportunity for me. It should be obvious that their hyper-leveraged fiat Ponzi is in its final throes.

F**k you, Bernanke and your criminal associates.

Thu, 12/08/2011 - 13:40 | 1959372 Spigot
Spigot's picture

Hey, these psychopaths want no competition. Will do whatever it takes to keep the bright light of day from impinging on their dark and dirty deeds. Others have other interests and are using these opportunies to off take what is really the only true money.

Thu, 12/08/2011 - 13:43 | 1959377 HamyWanger
HamyWanger's picture

Well, even reputable and official news agencies can unfortunately have crackpot, conspiracist, doomer, libertarian interns in their ranks. It happens occasionally, and their contract usually ends as soon as their mental troubles are discovered. 

Thu, 12/08/2011 - 13:50 | 1959440 JenkinsLane
JenkinsLane's picture

Psychopathization of dissent

Thu, 12/08/2011 - 14:07 | 1959545 Commander Cody
Commander Cody's picture

Tongue firmly planted in cheek as usual, eh Hamy?

Thu, 12/08/2011 - 13:41 | 1959378 mantrid
mantrid's picture

recently Fed claimed (when interroageted by Ron Paul) they have no gold as such, only pure paper from Treasury. so what are they selling? papers backed by papers?

Thu, 12/08/2011 - 14:12 | 1959594 CrazyCooter
CrazyCooter's picture

I may be wrong, but I recall from a Jim Rickards interview over at KWN, that they "lease" or "contract" the gold out to the market. The physical never leaves the vault. Eventually, when TSHTF, per the terms of the contract, they will just "take it back". The middle man will then also "take it back". And the buyer will have been "taken".

The gold is "lent", but its ownership is never changed.

This is why "us little people" should be buying coins, bars, and pimping up like Mr. T.




Thu, 12/08/2011 - 13:43 | 1959394 spanish inquisition
spanish inquisition's picture

It's a terminal cancer market that can last for weeks or years.

If you want to trade it, buy the gasp, sell the death rattle.

Thu, 12/08/2011 - 13:44 | 1959400 catacl1sm
catacl1sm's picture

must... stay ..... below..... $1750.... !!!

Thu, 12/08/2011 - 13:45 | 1959410 casey13
casey13's picture

This could indicate a big monetary injection in the works again. Gold always gets hit before hand.

Thu, 12/08/2011 - 13:45 | 1959411 qussl3
qussl3's picture

Will be fucking funny when they either have to buy in the open market to honour the leases or watch the bullion banks cover like no tmr when it comes to deliver.

They have till Fed/Mar tho, so in the meantime all bets are off.

Thu, 12/08/2011 - 13:45 | 1959412 FoieGras
FoieGras's picture

So let me get it straight. When central banks are selling gold it's 'maniupulation'. When they're buying gold it's 'diversifying their reserves'? That's ridiculous.

Thu, 12/08/2011 - 13:57 | 1959474 Pladizow
Pladizow's picture

Depends upon the reasons for each.

WHY are they selling or buying!

Thu, 12/08/2011 - 14:00 | 1959490 BlackSea
BlackSea's picture

Fed does not have physical gold - the Treasury does. Fed is selling paper contracts to be covered later. No physical will move.


In the case of purchases by other CBs, physical is actually acquired.


See the difference?

Thu, 12/08/2011 - 13:46 | 1959415 InconvenientCou...
InconvenientCounterParty's picture

selling physical?

That's not manipulation, it's a market.


Thu, 12/08/2011 - 13:46 | 1959417 vegas
vegas's picture

Now all we need is the CME [tonight or tomorrow] to raise margins [again] to send below 1681 and watch the technical gurus go nuts. Because you know, you gold nuts have to be taught a lesson about the barbarous relic. A Euro failure, stock market gets drubbed, and gold will tumble on "risk off". Ohhhh, tomorrow should be fun.

Thu, 12/08/2011 - 13:47 | 1959420 hugovanderbubble
hugovanderbubble's picture

Also one important thing is the latest ECB growth lower estimates...

Less growth in EU land.-------------> Less inflation....


Please correct me if im wrong,

But today ive seen bond buyers after the Draghi ECB comments..-...

If BUND hits could suffer this idea.

Thu, 12/08/2011 - 13:47 | 1959421 Strider52
Strider52's picture

Speaking of fraud, corruption, and manipulation, where's the story about the Senate House cancelling the vote on Congressional Insider Trading? It was on CNN at least. Maybe that's why it didn't tickle Tyler(s), it's public knowledge, but still, it's the usual fraud and corruption stories we like to read here.!-GOP-cancels-vote-on-bill-to-halt-Congressional-Insider-Trading-after-Cantor-throws-a-fit?via=tag

Thu, 12/08/2011 - 13:58 | 1959481 surf0766
surf0766's picture


"We're not going to cover Spencer's ass by passing a half-baked bill," one Republican member of the panel told Huddle. "Even Barney Frank didn't pass it in his two terms as chairman and Dems are the lead sponsors. It's all about Spencer's bad political position, not the contents of the policy."



Thu, 12/08/2011 - 13:48 | 1959426 Dick Darlington
Dick Darlington's picture

It's like xmas coming early! Yes, please dear central planners and all the rest worshippers of PAPER, raid it good and hard! It just makes it more and more attractive for me and many many others to buy.

Thu, 12/08/2011 - 13:49 | 1959433 AC_Doctor
AC_Doctor's picture

WTF.  Uncle Bennie Printerbux says that the Fed has NOTHING to do in the GOLD MARKET.  Anyone have that clip from a few months ago?

Lying manipulous traitors dabbling in the barbaric metals!

Thu, 12/08/2011 - 13:51 | 1959444 ParkAveFlasher
ParkAveFlasher's picture

Jim Sinclair said there would be a war around $1764/oz. 

Thu, 12/08/2011 - 13:52 | 1959451 Lazane
Lazane's picture

Be your own Central Bank, keep stacking.

Thu, 12/08/2011 - 13:54 | 1959460 RobotTrader
RobotTrader's picture

Paper rules over physical once again.


COMEX order tickets to sell can be printed to infinity.

There is only a finite supply of buyers of physical.

Thu, 12/08/2011 - 13:57 | 1959473 SheepDog-One
SheepDog-One's picture

Robo STILL furious over his call to sell his gold at the top, $900/oz....just get over it Robo.

Thu, 12/08/2011 - 13:59 | 1959489 Pladizow
Pladizow's picture

His arguments at best are novice!

Thu, 12/08/2011 - 13:59 | 1959488 AC_Doctor
AC_Doctor's picture

Momo go back to your NFLX fantasy world.  The real world is too much for you to comprehend.

Thu, 12/08/2011 - 14:03 | 1959514 RobotTrader
RobotTrader's picture

My dividend stocks have wildly outperformed anything gold related.

ED, MO, T, VZ, HD, PVX, etc. still hanging tough.

I don't touch any of the IBD mo-mo names, most don't pay dividends.

Thu, 12/08/2011 - 14:09 | 1959568 lieutenantjohnchard
lieutenantjohnchard's picture

exaggerate much? and thanks yet again for making my point that the last thing you are is a trader. you're a buy and hold jeremy siegel acolyte.

Thu, 12/08/2011 - 14:20 | 1959648 Richard Head
Richard Head's picture

You dumb fuck, you were pumping GRPN and NFLX only a few weeks ago.  Now you claim to only hold dividend paying stocks.  Fucking liar.

Thu, 12/08/2011 - 14:26 | 1959695 lieutenantjohnchard
lieutenantjohnchard's picture

your last sentence is so true. he lies when the truth won't hurt.

Thu, 12/08/2011 - 15:07 | 1959926 Milton William ...
Milton William Cooper's picture

enjoy getting taxed 15% on those divs.....remember the stock drops by the amount of the div, so you lose

Thu, 12/08/2011 - 15:22 | 1959985 lemonobrien
lemonobrien's picture

I made 20% on my golds. Thats like your yearly salary when you calculates it.

Thu, 12/08/2011 - 17:28 | 1960707 MFL8240
MFL8240's picture

Utter bullshit , not one of these stocks with dividends was up 20% and averaged 20.4% in each of the past 10 years. 

Thu, 12/08/2011 - 14:02 | 1959491 Iriestx
Iriestx's picture

Paper can be printed to infinitey.  You can always add more 0's in a computer.  But physical, you're right, that's finite.


Got physical?

Thu, 12/08/2011 - 14:05 | 1959525 tmosley
tmosley's picture

Yes, and this works forever, which is why China is still ruled by the Song, Zimbabwe is the richest nation in Africa, and Adolf Hitler just died twenty years ago from old age because Weimar was fine and dandy.

Thu, 12/08/2011 - 14:06 | 1959535 lieutenantjohnchard
lieutenantjohnchard's picture

paper ruling over physical since $250 per ounce.

Thu, 12/08/2011 - 14:38 | 1959773 Matt
Matt's picture

step 1: sell gold future contracts

step 2: hike margins

step 3: settle the futures contract with cash, or buy gold at new lower price for the small percentage who stand for delivery

step 4: profit!

Thu, 12/08/2011 - 14:00 | 1959471 PaperBear
PaperBear's picture

While I am continuously acquiring physical gold/silver each month I am also using SG's covered warrants so market move will allow me to acquire even more physical silver but to think that I was thinking earlier in the year about entering the silver futures market.

I have this week switched from SG's December 2011 call covered warrants to June 2012 call covered warrants. Would it bother me if SG went bankrupt and took those funds of mine with them ? Not when the massive repricing of gold/silver due after the end of decades/centuries of manipulation finally transfers the wealth into the holders of phyiscal gold/silver.

Silver is the opportunity that has been in the making since 1477AD.

Thu, 12/08/2011 - 13:57 | 1959477 Alpine
Alpine's picture

The exact timing makes it obvious, Central Banks stand ready to intervene to ensure Gold is not perceived as an alternative to "Fiat Money" with the counter-intuitive Gold / Silver takedown.

Thu, 12/08/2011 - 13:57 | 1959479 nyse
nyse's picture

The gold price is the first thing every central banker checks every morning, believe me.

Thu, 12/08/2011 - 13:58 | 1959482 FranSix
FranSix's picture

Ok, so we have very serious efforts do dissuade sellilng of long term treasuries which are set for a rout, and we have gold price interventions.  We are leading up to the next Euro conference tomorrow.  I would say this is all par for the course.

Thu, 12/08/2011 - 13:58 | 1959485 rubearish10
rubearish10's picture

Given the hilarity of what's going on at the MF hearings, the price maipulation in PM's will continue in perpetuity.

Thu, 12/08/2011 - 13:58 | 1959486 SovietCong
SovietCong's picture

F*cking MNI sherlocks... $40 slide off the top in three smooth flashes, once gold hit 1755 at 13.35. Sounds coordinated enough to me.

Incidentally, as per my BB, most BB contributing analysts have their target for December gold at 1750. It's like they drew a line in the sand and said "thou shall not pass". F*ck you, squid sidekicks, if it drops below 1675, I'm buying more bullion. If it doesn't I'll just sit tight. Conspiracy theory my ass.

Thu, 12/08/2011 - 14:00 | 1959495 augmister
augmister's picture

The "buy" time will be when Euro/Europe fails... then back up the truck.

Keep yer powder dry!

Thu, 12/08/2011 - 14:03 | 1959507 AC_Doctor
AC_Doctor's picture

COMEX hopes no more than 1% of its trades are requested in physical or up in flames she goes!  Kyle Bass knows better.

Thu, 12/08/2011 - 14:05 | 1959518 walcott
walcott's picture

its World War 3.

The action over the beach in Florida is getting real. 3 Black Hawk gunships blasting over the beach.

Guns and bombs ready. Chemtrail city. More choppers. Not sure what the hell anybody does when

the United States becomes a war zone. 911 shut down the country. What happens when our 

shores and cities come under attack? 

Thu, 12/08/2011 - 14:06 | 1959533 ParkAveFlasher
ParkAveFlasher's picture

I'm going to play Quarters with my ingots.

Thu, 12/08/2011 - 14:07 | 1959543 PaperBear
PaperBear's picture

Jon Corzine has just sat down to give his testimony.

Thu, 12/08/2011 - 14:09 | 1959557 MFL8240
MFL8240's picture

The courrpt bank of Rothchild is back in the game stealing your money again.  How much more of this do you want to take?  

Thu, 12/08/2011 - 14:12 | 1959591 Racer
Racer's picture

Well if they are going to help us buy gold at a better price, then THANK YOU you stupid banksters!

Thu, 12/08/2011 - 14:13 | 1959601 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

By "conspiracy" websites I assume you mean those of CNBC, CNN, FOX, MSNBC......!?

Thu, 12/08/2011 - 14:22 | 1959670 Sizzurp
Sizzurp's picture

If it is central bank selling, then this is probably a prelude to massive printing.  Either that or they are watching money run out of the banks at a furious pace and are trying to squelch a panic run into gold.  If gold was to go on a tear up, the herd would predictably follow.  Obviously, the bankers can't have that.

Thu, 12/08/2011 - 14:25 | 1959686 ziggy59
ziggy59's picture

Anyone send this to Crap, Nothing But Crap?

Thu, 12/08/2011 - 14:33 | 1959745 Dr. Engali
Dr. Engali's picture

Let them manipulate.I will continue to accumulate.

Thu, 12/08/2011 - 14:43 | 1959813 topshelfstuff
topshelfstuff's picture

This is the main Asset Class where a seperate view of what the Company/Bank/Broker is doing and the Individuals, Management, and other employees are doing with their own accounts. I have brought up this point several times. We only hear about the Gains from the Co./Bank/Broker, while the Personal Gains escape scrutiny. There are some videos I've seen where you can see the "In The Know" individual "Bets" come in, just prior to the Big Hammer comes both ways too, up or down, they're there.

Similar to "Brown's Bottom", nobody, at least in the MSMedia, ever asks or considers WHO the Buyer is/was. Brown got his reward with 10 Downing Street. Whi is Buying now?

I believe it safe to say we are well into the point where anyone with half a sense of what's going on in The Markets, Globally, is exchanging Paper Assets, USDollars included, except for about 6-months of Cash needs, into Buying Gold and Silver. The "Job" of helping to Push down the price is welcome by them. Its sad that Americans are the most unaware of the need to transfer Paper into Hard Assets. I won't bothr adding links to those youtubes from China, advising, urging, their People to Buy Gold and later a Buy Silver campaign, equal to the types of ad-campaigns and infomercials we get here for trinkets. BTW, Silver was about $9-$10 an ounce when they Urged Buying..........Jan 23 is Chinese New Year this year, the celebration lasts a week.

Thu, 12/08/2011 - 14:43 | 1959814 PaperBear
PaperBear's picture

The central bank of Mars will be intervening next.

Thu, 12/08/2011 - 14:45 | 1959829 moonstears
moonstears's picture

So let's say this is correct, many contracts to sell gold,on paper printed the word "gold", changed hands at $1750. How many bottles of "Gold Bond foot powder" were bought today, with the word "gold" printed on them and just as much physical metal backing them as 99% of those contracts? Ponder this.

Thu, 12/08/2011 - 14:50 | 1959851 Quinvarius
Quinvarius's picture

The Federal Reserve financially ATTACKED the United States Treasury making the US reserves less valuable and the USA less solvent.

Pearl Harbor day comes a day late this year.

Thu, 12/08/2011 - 14:54 | 1959873 moonstears
moonstears's picture

What if FDR turned over those reserves circa '33 and it has no bearing on the treasury at all? This theory is floating around the interwebs, it's not mine, just hypothetical.

Thu, 12/08/2011 - 14:59 | 1959893 Quinvarius
Quinvarius's picture

Then we are truly screwed.  But, the gold was being used to back the dollar as late as Nixon.  Whatever accounting gimmick they use, it is US government gold in the end.

Thu, 12/08/2011 - 15:10 | 1959933 moonstears
moonstears's picture

The theory was that it covers the principal on Tbills. The USA pays the interest, to the FED as I recall. If true it was brilliant, and horrible at once. I'd presume that the FED simply sold to the Treasury physical at prevailing world rates(not the $42 it was listed at) when redemptions occured prior to 1971. Post 1971, it was mostly gone(unencumbered metal), I'd think. MHO is somewhere in this theory lies truth, not sure of all particulars, BTW I think Knox is slap assed full of gold, just not sure who owns it.

Thu, 12/08/2011 - 15:16 | 1959965 Silver Bully
Silver Bully's picture

Gold and silver have had a nice little pennant formation going on for a while now. The end of the pennant is in sight, so price is either going to break up or down. By artificially hammering price today, the CB's are trying to fool the market into selling off. However, price is holding.


As long as Gold holds spot at 1705, these hammer blows failed today. There have been 3 distinct attempts to get price below it so Gold will tumble, but it still holds. There should be one more attempt before 3pm EST. Silver is not in as good shape, but it is also holding. Same principles apply.

Thu, 12/08/2011 - 15:31 | 1960019 Alchemist
Alchemist's picture

So Korea and China central banks buying is not manipulation but BOE and Fed selling is? funny..

Thu, 12/08/2011 - 17:18 | 1960638 Badabing
Badabing's picture

I've heard this argument before Alchemist.

So tell me, do you think China is buying paper? Or the BOE is selling phyicial?

NO! its the other way around, and why do you think that is?

Thu, 12/08/2011 - 15:38 | 1960044 imsaul0968
imsaul0968's picture

Ah perhaps the kneejerk response today is to sell gold but take a step back and look at world money supply and what cb are doing and that is buying. Who knows best than cb what they need to do to prop up this ponzi and what asset will benefit most from those actions grasshopper? Like faber says i have a stock tip for you: GOLD! Oh and as we hit support here what symbol is leading todays buying on weakness but none other than a massive $105m buy of GLD. Watch for a false breakdown and reversal, the next upleg appears to be upon us so dont get shakin out of a position you know in your heart will work wonderfully in this messed up world of debt and currency devaluations

Thu, 12/08/2011 - 15:57 | 1960121 fourchan
fourchan's picture

i just picked up another monster box, thanks idiot one worlders.

Thu, 12/08/2011 - 16:22 | 1960227 PulauHantu29
PulauHantu29's picture

The Perth Mint now ships more gold orders to China then any other country. Makes sense for them since their gubberment is telling to to own gold as a store of wealth and the Chinese are avid savers.

Go figure.

Thu, 12/08/2011 - 16:37 | 1960345 oc
oc's picture

If they feel the need to act now, it must mean gold positive news (ie printing) is happening soon.

Thu, 12/08/2011 - 16:53 | 1960465 thorgodofthunder
thorgodofthunder's picture

You behave like a group of spoiled school children who don't get there way so they stomp their feet up and down.


Gold is dead.  Technology killed it.  There is no longer any need for it as you transfer your wealth anywhere in the world at the click of a bottom- from your iphone 4S no less.


The only thing proping it up at these absurd levels in the momentum trading hedge funds still stuck holding the bag.  Once they exit all bets are off and it's a long way back down to $1000 / oz or less.


Technology killed gold.  Remember that.

Thu, 12/08/2011 - 17:08 | 1960589 imsaul0968
imsaul0968's picture

Seriously, gold is dead and technology killed it?? Perhaps you should go back and look at the last 10 years of prices cause the proof lies across the street from your dumb ass

Thu, 12/08/2011 - 21:30 | 1961414 thorgodofthunder
thorgodofthunder's picture

It was a giant bubble inflated by the commodity and precious metal focused hedge funds.  Soon it will burst just as the tech and housing bubbles did.

There is no need for gold in a world where you can easily shelter assets from currency devaluation through excess monetary stimulus.  This is not 1945.

Thu, 12/08/2011 - 17:43 | 1960779 Bansters-in-my-...
Bansters-in-my- feces's picture

Hey Thor...

ThorDogofBlunder...seems more fitting.

Now ,Fuck Off shit for brains.

Thu, 12/08/2011 - 17:36 | 1960660 Bansters-in-my-...
Bansters-in-my- feces's picture


When are we going to give these parasites whats comming.???

I can't do it alone.....But not a lot of help it seems.

Can't wait to find my new planet.

Bankers not welcome.

Goldbug friendly.

I am heading out looking again tonight...I hope I find one.

Thu, 12/08/2011 - 17:34 | 1960740 CustomersMan
CustomersMan's picture



     With Jon Corsine's history and connections, do you think the MF Global theft was just an honest mistake?

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