• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Thank You Swiss National Bank For $2000+ Gold

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Tue, 09/06/2011 - 14:04 | 1638857 kito
kito's picture

i get really nervous hearing banking analysts tell us gold is heading higher....realllly nervous......

Tue, 09/06/2011 - 14:08 | 1638882 fuu
fuu's picture

In this one case I am not sure it concerns me. What are they going to do sell all the gold?

Unless they have developed industrial strength alchemy there isn't much to worry about.

The printing of fiat will continue until morale improves.

Tue, 09/06/2011 - 14:20 | 1638948 Oh regional Indian
Oh regional Indian's picture

Turns out they have and I have the book, and no, not by paulo C.

That is the twist in the game.


Tue, 09/06/2011 - 14:27 | 1638972 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

check this out:


from Hinde Gold Fund

Tue, 09/06/2011 - 14:41 | 1639035 LongBalls
LongBalls's picture

What trade is this chart reflecting?

Tue, 09/06/2011 - 14:44 | 1639043 Ahmeexnal
Ahmeexnal's picture

riots in CH in 3...2...1...
seriously, first they close down the Letten, now this!

Tue, 09/06/2011 - 20:20 | 1640205 He_Who Carried ...
He_Who Carried The Sun's picture

Ah, the village idiot showed up. Riots? Wettin' you' pants again?

Wed, 09/07/2011 - 01:13 | 1640972 Ahmeexnal
Tue, 09/06/2011 - 14:47 | 1639058 tmosley
tmosley's picture

Gold in terms of francs.

Tue, 09/06/2011 - 15:00 | 1639111 LongBalls
LongBalls's picture

tmosley - Thank you! Something is not passing the smell test on this one. With all the manipulation why in the heck would they mow down all the life boats and force everyone into a decision between 1. The stock market, 2. US Treasuries, 3. Gold? Gold is the only asset moving higher and the most hated by the cartel. I think we should expect a severe bear attack on the PM's. It seems to me that they are about to throw the kitchen sink at the P.M.'s and coral everyones money for the slaughter on the DOW.

Tue, 09/06/2011 - 15:01 | 1639122 UGrev
UGrev's picture

Unfortunately for them, it doesn't look as though people are becoming scared enough to run from Gold as fast and hard as they would like. 

Tue, 09/06/2011 - 15:23 | 1639211 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

"... the world's central banks have bought some 200 tonnes of gold this year ..."


I'm gonna say that they bought it with money they printed.


Gold at $infinity anyone?

Tue, 09/06/2011 - 16:45 | 1639478 _Alekhine_
_Alekhine_'s picture

They probably got rid of their dollar reserves.

Tue, 09/06/2011 - 21:59 | 1640515 Fiat2Zero
Fiat2Zero's picture

Agreed.  The usual raids go for a very long sustained duration and are marginally successful.  Even when combined with such beneficial factors as holidays, margin calls, and known news events, both Gold and Silver seem to climb back up in the asian hours.  The patterns are so well known that there are major buyers getting great deals on waterfall declines.  Telegraphing your moves doesn't help achieve your goals.

I also think that the Internet is helping a large number of people get quickly educated on what is going on.  Education helps combat the "terror" when you watch that Kitco graph plummet through several dollars in a few minutes.  I now actually look forward to these raids as I can see their frequency and effect are becoming far less pronounced.  The end is near for the cartel.  There are too many holes in the dykes.

When I think of my own transformation, from sheeple, to "outside the matrix," I was able to educate myself very quickly (through great sites like ZH of course) about the myriad details of global finance, and the PM markets.  I have taken steps that, objectively, are very bold, considering my previous investment strategies, and of course, have paid off handsomely thus far.  Far better is being able to sleep at night knowing I have prepared as best I can.

The fact is that the Cartels _influence_ the markets.  They do not control them.  And they have committed egregious overreach due to arrogance, and underestimating the rebel fleet.  Here's to their imminent destruction.

Tue, 09/06/2011 - 15:02 | 1639124 Ahmeexnal
Ahmeexnal's picture

Stick to your guns.

Tue, 09/06/2011 - 15:05 | 1639142 LongBalls
LongBalls's picture

Locked and loaded Colonel-ingus!

Tue, 09/06/2011 - 15:20 | 1639183 FeralSerf
FeralSerf's picture

They're caught between a planet sized rock and a shitload of hard places!

You the same LongBalls that used to play baseball in the DR and love Marlboros?

Tue, 09/06/2011 - 15:33 | 1639243 UP4Liberty
UP4Liberty's picture

Stay right and hold tight!

Tue, 09/06/2011 - 20:26 | 1640224 He_Who Carried ...
He_Who Carried The Sun's picture

You can buy other things than just bonds or stocks...

Get yourself a nice convolut of Picasso prints etc...

Nicer to look at even than stocks or bonds ;-)


Just don't fall for any falsified Miro or Chagall and the likes..... 

Tue, 09/06/2011 - 22:17 | 1640579 Fiat2Zero
Fiat2Zero's picture

Thanks for sharing that chart.  Simply amazing.  Hinde Capital is a smart group (I always enjoy what Ben Davies has to say).

It's interesting to show how quickly the currency debasement can be done, when someone gets a mind to do it.  This must only be possible with digital currency (as the paper and ink variety would take far to long to generate - especially on those cheap new HP inkjet printers).

Tue, 09/06/2011 - 14:50 | 1639069 JW n FL
JW n FL's picture



Quote of the DECADE!

"The printing of fiat will continue until morale improves."

All Credit too fuu !!

Tue, 09/06/2011 - 15:19 | 1639194 fuu
fuu's picture


Tue, 09/06/2011 - 15:41 | 1639263 Motley Fool
Motley Fool's picture

Restecpa. :)

Tue, 09/06/2011 - 14:12 | 1638901 Corn1945
Corn1945's picture

Tune them out. Make your own decisions and trust yourself.

Tue, 09/06/2011 - 14:48 | 1639040 legal eagle
legal eagle's picture

I remember telling one of my friends to buy gold at $1,175 and telling him that it would eventually hit $1,500.  Agast, he said "if gold hits $1,500, we have much more to worry about than making a profit."  Well, he was obviously wrong, and he was obviously very right.

I clearly need to change my avatar, how do I do that?

Tue, 09/06/2011 - 16:05 | 1639331 smiler03
smiler03's picture

Go to the home page.

On right hand side near top, see your userid and My Account, click on it

Click on Edit tab

Use "Picture" halfway down the edit page and add a new one

Tue, 09/06/2011 - 14:12 | 1638903 DefiantSurf
DefiantSurf's picture

translated: "hide your gold and buy more lead"

fixed it for ya

Tue, 09/06/2011 - 17:52 | 1639688 DoChenRollingBearing
DoChenRollingBearing's picture

Buy more gold and buy more lead.  (I already assume each one with gold knows how to hide it)

Fixed it for you!

I did the first today, maybe buy more Pb tomorrow.

Nice avatar!

Tue, 09/06/2011 - 18:08 | 1639745 DCFusor
DCFusor's picture

Don't forget to practice using that lead dispenser, it's useless if you can't make it do what you want, even in very stressful times or half asleep (or...stoned).  And remember to clean the dispenser afterwards.  These things don't work like in the movies, not even a little.  For some of us, it's better than the movies, for all too many, only the bystanders are endangered.  Like in those dumb criminal videos where two guys (a crook and a store owener) empty glocks at one another at two-three paces on no one is hit.  Don't be those guys.

Tue, 09/06/2011 - 20:40 | 1640280 DoChenRollingBearing
DoChenRollingBearing's picture

True.  Practice and cleaning are essential skills in using your lead delivery device.

Tue, 09/06/2011 - 14:21 | 1638952 Construct
Construct's picture

I get nervous to. Then when I watch the 'CPM Gold Yearbook' figures I am a bit calmer again. Gold ownership is at 0.7% of all global investment.

Source: http://www.resourceinvestor.com/News/2011/4/PublishingImages/4-4-11-ft-g...

Tue, 09/06/2011 - 15:05 | 1639130 Reptil
Reptil's picture

Thanks for the chart. It reflects what I've seen here. Everyone's hoarding fiat currency, somehow think their euros are different from those in italian bank sheets. Amazing to behold. So.... Much talk not much commitment. Gold fills headlines, but not balance sheets.

Can you imagine what will happen when (not if; when) it reverts back to 5%? By then many will be out of business anyway.

Tue, 09/06/2011 - 15:11 | 1639174 Construct
Construct's picture

Indeed. Another statistic:

Real inflation adjusted price for gold/silver peak at 80s was 2400usd/130usd.

Tue, 09/06/2011 - 17:50 | 1639685 Jack Napier
Jack Napier's picture

The silver price is $130 when using the cooked government inflation adjusted numbers. ShadowStats puts it at over $300.

Tue, 09/06/2011 - 14:04 | 1638858 rgd
rgd's picture

“On the surface, it would seem to be highly bullish for gold. The possible negatives could be:

1) investors throw in the towel and just put assets in USD, on the assumption that there is less of a risk of a 9% overnight move in the USD going against you.


2) this pushes investors into risk assets


3) the extreme losses experienced by CHF long speculators raises a warning flag for gold – i.e. bulls make money but pigs get slaughtered so to speak.


4) this could be a prelude to some intervention in the gold market.


One thing is clear to me is that no asset is safe in this environment.”


Tue, 09/06/2011 - 14:15 | 1638922 UGrev
UGrev's picture

How long will this jackassery of money sloshing go on? holy, mother fucking, fucketty fuck fuck .. They all know it's going to end and it will end badly for EVERYONE.. the longer they wait the worse it's going to be. I'm getting really tired of this shit.. they are just grindig metal on metal now. 

Tue, 09/06/2011 - 14:27 | 1638975 SheepDog-One
SheepDog-One's picture

Just grinding metal at this point, good analogy.

Tue, 09/06/2011 - 14:37 | 1639015 UGrev
UGrev's picture

+1 for picking up on the "metal" ref ;)

Tue, 09/06/2011 - 15:25 | 1639219 FeralSerf
FeralSerf's picture

Nothing that a carload of Vaseline can't ameliorate.

Tue, 09/06/2011 - 17:53 | 1639690 Jack Napier
Jack Napier's picture

After the bending over we've all been given I'd be surprised if there is any Vaseline left. Maybe that will be the next hot commodity? We'll all come to remember the great Vaseline shortage of 2012.

Tue, 09/06/2011 - 14:39 | 1639026 Smiddywesson
Smiddywesson's picture

They all know it's going to end and it will end badly for EVERYONE.. the longer they wait the worse it's going to be.

The longer they wait, the worse it will be UNDER THE CURRENT SYSTEM.  So why would so many bankers and politicians, worldwide, agree to kick the can at such a cost in today's fiat?  Have they all gone crazy, all at the same time?

Maybe they know it doesn't matter how much fiat they spend to kick the can under a lost system.  Maybe the longer they delay, the better their chances of smoothly switching to a new system.  So they continue to kick the can and buy gold. 

Tue, 09/06/2011 - 15:02 | 1639062 UGrev
UGrev's picture

the crash, and thus the "worst part" (as referenced in the longer they wait the worse it will get) comes at the crashing point of the current system, not DURING the current system. My point stands, but for clarity I will amend my statement to read "The longer they wait, the worse it will be at the END of the current system".

 I think their attempt is to make us beg for a new system which, I'm sure they have all so generously created for us; a system that benefits them the most and is, of course, tweaked and refined so that it's harder to uncover the fraud(s) in the new system that they install. I honesty think they will boil the fucking water for as long as they can..slowly.. until we either give up or start a war.

The easy way out for both sides is for us to beg.. the more costly for us is war. War is just a nuisance for them. They'll make money on it, but it just makes things take that much longer while the war plays out. 

Tue, 09/06/2011 - 15:52 | 1639285 JW n FL
JW n FL's picture



The reality of these or any other protests are the same that we here in America will face when it is our turn in the near future..


The reason why is simple, numbers.

The Bottom and Lower Rung Middle Income Crowds are on board with Fighting Back.

The Middle and Higher Rung Middle are Comfortable thusly there will be NO! Protest from them and in fact see the Lower Rung and Bottom as acceptable losses.

In the End.. after the Bottom and Lower Rung have been silenced..

The Attack on the Middle and Higher Rung will begin.. But the bottom and lower will want no part of those peoples problems and mostly the Middle and Higher Rungs will just grin and bare it!

divide and conquer.

this battle was won thru the programming of over stimulated decades ago.

The Bottom and Lower Rung Deserve what is happening.. they are less than. they are stupid or ignorant either or it doesn't matter.. not worthy of benefit and a drag on the larger society.

The Middle and Higher Rung will not want to lumped into that crowd and will suffer with a smile rather than be seen as one of those kinds of people.

Greece Fell!

Spain will Fall!

Germany is a LAP DOG! and will get in line becuase they win either way but this way with Global support.

Italy? will fall.

and then..


after all the others have gone before.. America will fall, divided.. and by the time everyone figures out that it always was a war against all of us.. will be.. to.. fucking.. late...



Tue, 09/06/2011 - 22:07 | 1640545 Fiat2Zero
Fiat2Zero's picture

It's going to continue for far long than we think.

I'm thinking that gold, the inverse of the monetary system, is going far, far higher than $12,000 per ounce.  This does not comfort me, despite my position, but makes me a little scared.

What will happen when everyone will be clamoring for 1 ounce of gold, or 5 ounces of silver?  Anyone who holds the physical might have to hire a private army to guard it.

But the only way it's going to play out is collapse.  That much should be certain by watching the events unfold, despite the words coming out every leader's mouth.  And for collapse to happen we have to hit a far more manic stage of crises and money printing.

Tue, 09/06/2011 - 15:11 | 1639170 trembo slice
trembo slice's picture

i feel ya, but no ruling caste in history has ever willingly given up power.  they will keep it going straight into WW3, unfortunately.

Tue, 09/06/2011 - 23:19 | 1640720 bid the soldier...
bid the soldiers shoot's picture

"they will keep it going straight into WW3, unfortunately."

What you mean is "we have always been at war with Eastasia."

Tue, 09/06/2011 - 14:34 | 1639004 Smiddywesson
Smiddywesson's picture

this could be a prelude to some intervention in the gold market.

The last two interventions in the  gold market didn't work out so well for the manipulators, esp the last margin hike.  I don't really care what the analysts do, and I'm losing any concern about the manipulators too.

Tue, 09/06/2011 - 17:57 | 1639713 DoChenRollingBearing
DoChenRollingBearing's picture

Hike the margins to 100%.  It matters not to me.  Gold will shine whatever the manipulators do, given time.

No worries, except I can't get the green arrow to work here for you here...

So, take a written +1

Tue, 09/06/2011 - 14:52 | 1639078 Mountainview
Mountainview's picture

There are still Norwegian Crowns, Japanese Yen and the ultimate undervalued currency-the RENMINBI--only available on the blackmarket..!!!

Tue, 09/06/2011 - 16:15 | 1639372 au_bayitch
au_bayitch's picture

I believe renminbi can now be received from HSBC atms in HK, along with HKdollars. Probably a zerohedger in HK now. Oh, the dusk til dawn bar.

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