Roubini Asks of ‘Goldbugs’ on Twitter “Where is 2,000?”

Tyler Durden's picture

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jcaz's picture

What- not busy teaching?

Those who can't.......

bigdumbnugly's picture

that's ok if that douche tweets that tripe.

but if he flaunts it to my face i am forewarning him i am just not in the mood and may not be able to control my response...

johny2's picture

Typical of Roubini, who has been short euro for ages now, and hurting day and night, and now that he thinks he may be able to actually to see dollar reach parity with euro, he is getting bit emotional. Don't pay any notice to the moron, the Gold bugs should not bothered by fools like Roubini.

Hard1's picture

The coordinated sale by central banks is our last chance to buy gold at these prices before these central banks collapse.  They are looking at their balance sheet and their only way for them to survive is to mark their liabilities (money in circulation) at the same price of their assets (the famous crappy mortgages that are in the heart of our leveraged financial mess).  Now they are selling their only valuable asset before it gets rehypothecated by the custodian.

Turd Ferguson's picture

Fuck Roubini. He can suck my crank.

What a fucking douchebag.

GeneMarchbanks's picture

Turd just went Leeroy Jenkins. Turd, I know you're a pro, but the 'paper price' is exactly why I bought physical, don't trust them numbers.

An emotional Turd. Never seen that before...

s2man's picture

Surprised me, too.

He probably just hasn't had his coffee yet.

trav7777's picture

I'm tweeting to silverbugz about "$60 by next week" and "$49 by the end of the week"

nope-1004's picture

When the S&P was at 710 and climbing post 666, Roubini said this was a "suckers rally".

I've stopped following him because he has been 100% wrong on EVERYTHING.  So I gotta go with his record:  If Roubini says Gold won't hit $2,000, y'all know it will.

 

akak's picture

When I want financial advice from cereal box cartoon characters, I will stick with the Lucky Charms leprechaun (who at least hoards gold) instead of this disingenuous, Keynesian Count Chocula.

LFMayor's picture

LOL, good call.  I initially though he looked a lot like Erik Estrada.

akak's picture

Maybe Eric Estrada after a number of years on heroin.

The analogy, come to think of it, is not that far off, either, as Keynesianism is an insidious and mind-destroying drug, much like heroin --- except heroin use hurts only the user, whereas Keynesianism destroys everyone else around the public user, not just the user himself.

Hive Raid's picture

Jews play many roles in the Jew Tower of Lies. Some Jews are awarded certificates by other Jews, deeming them "authorities" in the eyes of the suckers. Then the Jew scribes, also awarded various honors by other Jews, manufacture daily doses of propaganda based on the trusted advice of the authority Jews. Jew-owned Jew-run entities disperse this virulent bio-weapon of mass mind destruction over the sucker population. And so the Jew bankers can continue to enslave and destroy.  The Jew Tower of Lies.

Turd Ferguson's picture

No, he's just such an arrogant, tenured prick. Fuck him.

Even worse is the asshole Gartman. Why on earth anyone listens/follows him is beyond me. He's either hopelessly stupid (in which case he should be ignored) or he's a book-talking, agent of disinformation (in which case he should be ignored).

Be patient. Paper gold may finally see 1550 today. That level will be your big opportunity to get long.

jekyll island's picture

Gartman announced had sold all his personal gold holdings yesterday, but couldn't sell the gold in his hedge fund because he can only make changes at the end of every month. 

Roubini, well a broken clock will be right twice a day.  Let's all tweet him back after the Fed announces QE3. 

The Big Ching-aso's picture

 

 

Ya, I think all that campus pussy is affecting his brain.   Everything smells like roses to him except the precious.

OliverTwist's picture

Turd wrote: ..."With one-month lease rates at -0.5%, the bank actually gets paid interest by the lender to borrow the gold." ..

Lease Rate = LIBOR – GOFO (it can be also negative if GOFO > LIBOR)

Please have a look on the following link:

http://goldchat.blogspot.com/2010/07/understanding-negative-lease-rates.html

And if you still beleave that you can get paid by borrowing gold try it out for yourself in real life!

fourchan's picture

not one damn thing matters but this,

 

good money forces out bad.

Max Fischer's picture

 

 

Telling your gullible followers that "paper" prices matter on the way up (silver to $50!!, silver to $100!!), but don't on the way down ("don't worry, this collapse is just 'paper' games by the 'cartel'") is just as irresponsible and damaging as any of the media whores you criticize daily.  It is nothing more than a convenient yet hypocritical argument which enables you to be right no matter which direction the "paper" goes. Lucky for you, many of your gullible readers don't question it because they're so damn emotional about their metals.  Perhaps they might when they try to find a "selling opportunity" instead of the non-stop "buying opportunities."

Max Fischer, Civis Mundi

 

 

Turd Ferguson's picture

Fuck you asshole.

Let's see you try running a website that you update twice a day. Every prick in the world, such as yourself, can show up with 20/20 hindsight and claim that I suck. Fine. Fuck you anyway. If you had actually been reading my site for the past week, you'd know that I've been warning people about this since about 1750.

 

ahhh... that felt pretty good. Cathartic. On my site, I always have to be polite and treat people with respect. It sure is fun to come here and blast away sometimes.

 

NotApplicable's picture

No lack of targets, that's for sure.

Max Fischer's picture

 

 

The "pressure" to create 2 posts a day is of little consolation to all the bagholders wondering if the "paper" prices they paid all year long really doesn't matter today. 

For the record, It's not your bad calls that I'm criticizing. It's all the conspiracy-driven disinformation/lunacy that needs to stop.  For whatever reason, the precious metals community is so full of bullshit and bad information it's ridiculous.  Crash JP Morgue, buy physical!  Price doesn't matter!  The gubbermint gonna get my stash!  The Cartel is attacked us overnight!  Paper and physical are decoupling!  Silver and gold parity!  The COMEX is going to implode!  There's a shortage of silver!  Etc. Etc. etc....

It's all nonsense, and you're squarely in the middle of it - although not quite as bad as SGS. 

Max Fischer, Civis Mundi

 

nope-1004's picture

Then stick your balls on the line:  Where will PM's go?  Give us your target.  Is gold going to $100?  Silver to $2,50?

Easy to criticize when banksters like you have nothing to offer AFTER the heist.

 

Max Fischer's picture

 

 

How the fuck would I know where gold will be in six months?  As I said, It's not the price predictions that I'm criticizing.  It's the bullshit analysis and disinformation garbage that I'm commenting on.  

Max Fischer, Civis Mundi

fonestar's picture

Good for you.  We are buying and holding gold and silver because there may not be a market, an economy or a dollar in six month's time.  The people here are smart enough to see that this fractional reserve system is nothing but an onion composed layer upon layer of nothing but complete bullshit, smoke and mirrors.  So personally, I do not care what the price of paper gold is six months from now (the denominator) because the end result of this mathematical equation is a non-number.  However, a scarce element will still be a scarce element.

 

Now, go somewhere where you're wanted.

tmosley's picture

So, basically, you just want him to shut up.

I wonder why?

Bay of Pigs's picture

Disinformation? Really? Why don't you explain things for us then?

Bullshit analysis? Did you know Turd called this takedown 100% correctly you fucking douche?

LFMayor's picture

Max Fisher,  Pillow Biter

jcaz's picture

Oh really, "Max"?  "I don't know"....  Here, let me write that up on the board, so all the class can see for themselves-

"Gee Mr Hand- I don't know"

If you don't have the balls to take a stand, why are you on this board? 

Because you don't have any skin in the real game, and never will.

Bill Murray was right to bitch-slap you......

LFMayor's picture

Max Fischer,  strangles small pets in the nude

Eally Ucked's picture

And you decided to fight "conspiracy-driven disinformation/lunacy? First, everybody has brain and can decide what is true and what is not, and doesn't need your help to do that. Second, if you're such a fighter of disinfo and lunacy can you tell us if you fight them in any other field than precious metals?

fonestar's picture

Fuck off and go to Yahoo Finance or CNBC chat with the other tools.  Your dollar-cult is fucking finished and good riddance!  Most of us here on ZH are at least good enough armchair historians to know the end days of a monetary empire when we see one and connect the dots.  Personally, I will feel little sympathy for the likes of you tools who bought into every stupid notion sold to you by your lard-assed, credit driven society!!

Just fuck off and go somewhere else!!

akak's picture

Fonestar, I couldn't have said it better myself.  Bravo!

This MaxFisher is just another mental slave of the Establishment, whether he realizes it or not.

LFMayor's picture

Max Fischer, Master of the Bearded Bag Pipe

Jendrzejczyk's picture

You're killin me tonight.

LFMayor's picture

Max Fischer, drives slow through school zones

StychoKiller's picture

Yeesh!  In my estimation, Au & Ag are "wealth insurance," NOT an investment -- check yer premises.

NotApplicable's picture

PM holders don't measure wealth in dollars, as they are transitory.

Dr. Richard Head's picture

ALL great things are measured in pounds and ounces.  You know what I'm saying? Babies, metals, food, smoke,etc.

tmosley's picture

I have been saying the paper price would go to zero for about a year now.  During the run up, I became truly exasperated that the price was rising so much, because it was moving up fast enough that it would have saved the COMEX by bringing fresh supply of physical onto the market.

But even if that weren't the case, why would a buyer of silver be sad to see lower prices?  It's not as if there haven't been 60% drops in a month before.  Yet every time, a year afterwards, it would be back up, and strongly.

The open interest is the important number here, and it hints at mass exodus from paper PM markets.

fuu's picture

Oh good, Rednecks for Prosperity has made an appearance.

Lord Koos's picture

You may not like Maxie but he has a valid point... there is an awful lot of inconsitency within the PM crowd (and I am a member of that crowd).  Judging by the reaction he's hit a nerve.

StychoKiller's picture

How many people go around churning their life insurance policies?  Why then, should one then go about churning their "wealth insurance" policy, which is what Au & Ag truly are at this point? 

A lot of people show up at this site, looking for answers, not just investment advice; especially when some of those answers lead to the conclusion(s) that the global financial system(s) is heading for a complete breakdown!  I understand why some get confused at all the rationalizations concerning Au & Ag, but those folks (the rationalizers) are still thinking in terms of PMs being investments. 

Once one sees the growth of the FRN money supply going exponential, it becomes quite clear that sooner or later, investment as a process, is gonna be come transformed into something unrecognizable to most people.

Get ready, The Great Implosion™ is coming...

Augustus's picture

If you have funds to buy at 1550, it would mean that you must not really be fully invested in gold.  Why have you been hiding the info that you did not trust gold and have been in cash?

That is more twisted than a hog dick.

akak's picture

Or, he simply has had additional income since his last purchase, you idiot.

Kaiser Sousa's picture

damn Turd...dont hurt nobody "Hammer"....

flattrader's picture

A comment from Turd's site caught my eye...which if true would explain a lot of the weirdness I've seen the past 2 1/2 days...though I think there is some hysteria in his last two points, something is definitley wrong at the CME.

CME Broke?
Submitted by Strongsidejedi on December 14, 2011 - 10:45am.

Hat Tip!


5

I've written an op/ed piece on the CME behavior in the last 90 days.

http://www.tfmetalsreport.com/forum/3148/cme-broken

I'd like to get other's take on my comments.

Please feel free to destroy my argument.
Please!

However, my current conclusion is that the CME is broke.

I think we're seeing an attempt to paper over the default of the market itself.

CME can not back the trades being made on its market.

CME can not claim to have a legitimate price action on gold or silver because the settlement of the contract itself is broken.

Therefore, my conclusion is that the MF Global bankruptcy is a financial 9-11 event.

MF Global has taken out the entire agricultural industry's financial structure.
MF Global is much worse than 9-11.

MF Global has essentially interfered with the planting season for 2012.

Bay of Pigs's picture

Good to see you over there Kaiser...