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GOLD Bitchez ...
KITCO out of 1 Ozs Bars, never seen that before ...
Black Hawk drills over Bank of America in Miami???????
GOLD Now @ New Highs ...
This is nothing folks, 2nd inning only...
The highly educated and extremely intelligent The Bernank has managed to break all markets.
When is someone in a public position going to mention The BubblesBananasBernank problem?
Hope Chavez didn't have his gold at Kitco. ;-)
Over 200 tonnes of gold is leaving the market. How many counter-parties are going to get squeezed?
Maybe they are out, maybe they are bunkering. That is a canary in the coal mine.
The Fix is breaking bitchez.
But why today? The news out today isn't any worse than it has been for the last week, yet the markets had a HUGE rally over the past several days.
Now they are in full panic mode. It's as if there is more bad news on the way that only the insiders know about.
This market is going to get a HUGE infusion of Benny bucks as soon as volume drops. The Fed is not even near done with their gold acquistions. Not at these prices.
Their game is to keep the markets up and buy gold. Don't fall for the market collapse theory, that's not in the cards until the game is over, and it ain't over. It is not a market, or it would have collapsed long ago. Don't trade it like it's a market.
Expect some more 500pt swings back and forth over the next few days.
What evidence do you have that the Fed is buying gold? Haven't heard that one before.
Hold on to your asses....this is going to hurt.
BM - Hey - saw the stupidity in IYR this morning and went short. Insane.
Yea, it's ridiculous and has been for quite a long time now. It's down >4% now. In my humble opinion, when they really let that go then you know the game is over.
They're trying to stick save and breath life back into it right now. We'll see. I wouldn't be surprised to see them try to jerk it way back up again before the close.
My guess is they will try to shore it up in low volume during lunch.
Ahhhh the irony... 666 is the break point for the RUT, LOL!!!
XLF is a Financial Sector ETF, right?
Did Doug recommend to buy that one, or the inverse?
Kass said we've hit the bottom - the selling is overdone (you can probably find his comments on CNBC). Looks like he was a tad early with this prediction.
Kass says buy XLF. Tyler says buy the inverse. One of them did good today, the other is named Doug. :)
I apologize to Rosie
Dow 11K -- busted to hell!
KICK IT WHILE IT'S DOWN!
Hit it again!
Philly Fed just crapped the couch....
Has anyone ever seen -30 on the Philly Fed before?
Is this not an indicator that corporate profits are on the express elevator, in the down vector?
Last hit this number in March 09
That's why I'm going to buy 10 years bond shorts. Once QE3 kicks in, it's gonna skyrocket.
There will be no explicit QE3... be careful or you may be inadvertantly committing seppuku...
Yeah right. How can US treasury bonds go lower? It just cannot.
You clearly missed the Japanese reference....
Ya well Bernanke cannot go japanese, he's too impolite.
The Bernank can not only go Japanese, he can do a fantastic bukkake & kabuki on the taxpayers while doing so.
I call The Bernank's new breed of economic theory 'Fugunomics.'
No instrument in the market .. NONE... is pricing in hyperinflation. It's delfation all the way.
Stocks, Gold, Bonds, Oil etc. etc.
unfortunately not at the pump and not at the grocery store.......
Gold is going down FoieGras? Have you been eating Prechter pate? Gold goes up during deflation and up during inflation, esp hyperinflation. That's because gold is a currency. That's because gold is the measuring stick by which all value is measured. In short, gold is going up because central banks know all of the above, are buying it like crazy, and know what's coming next because they are in contol of a top down system.
Most deflationists have their head up their ass on gold. They don't get it and never will.
QE3 will only make things worse and that's where we're heading.
I agree that QE3 makes it all worse, but I disagree that it's coming. It is the last bullet in the Fed's revolver, and if they launch QE3 and it fails then the Fed has nothing. Not only do they have nothing but the last shread of their credibility is gone. In my opinion, the Fed won't launch QE3 because they know it will fail and when it does the whole ball wax comes apart.
Yes gold is the numeraire...what all other wannabe currencies are measured against.
I forgot the term for something that is purchased more as the price rises demand increases...it is that too.
UNDER 2 FUCKING %!
It's nice to see the human volume back kicking some robot ass this morning.
1st some robot ass, then some representative
Fuck, where is the party if stocks plunge to zero?
My place, BYOWFAG (Water Food Alcohol and gas)
Time to BUY TBT
Volume wasn´t that high - interesting...
Down 500 points without the panic volume.
Walk in the park?
Ah Panic mode, it's getting so familiar it's sort of...comforting
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