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Gold Train

Posted by Maya @ 12:57 on December 9, 2014  

Afternoon autumn sun, and we are steaming UP through the trees!  The Gold Train is climbing to the sky!


Wanka Buygold

Posted by goldielocks @ 12:41 on December 9, 2014  

I wouldn’t through caution to the wind just yet. We are moving toward the end result that wi catch many unprepared. People’s reaction reminds me of one evening before dust while surfing there was a rouge surfer out there purposely running into other people boards. Every time they went to catch a wave here he came and became obvious he was doing it on purpose and the guys getting a bit wound up about it not knowing what he’d do next. Instead of a fight I decides to take it from there. They paddled in I paddled out and everyone just watched.  I decided to draw the bully to me to see what if any skill he had. He watched me intensely while I just floated waiting for a wave. He started moving closer and closer to me and obvious I was going to be next. I watched the patterns as I liked to take the last waves in the sets. I started to move as to look like this is it and he moved to take the wave as well but I dropped off while it was too late for him and in his confusion he fell then having one wave after another pound down on him and I would take the last and move farther down with him in anger paddling to catch up to where I was. This went on for awhile. In his last attempt the was a wave coming a good one and took it. He about 15 ft away had that look like yeah your gonna pretend your gonna take it but you won’t but I did and saw him struggling to try to catch it but too late for him. He missed the wave that took me awhile down the beach which after he gave up. I had a long walk back and was using a 10 footer then.  Guess this is what’s happening in reverse now where everyone’s watching the bully. Is this it? Who cares for now just watch the waves.


Posted by Buygold @ 12:31 on December 9, 2014  

“THEE bottom” ?

Hopefully but we can still feel the cartel’s presence. Maybe just a down SM or some tax loss selling still yet to be done. We have the layers of resistance you’ve been talking about and it seems the first big layer is HUI 180-182.

BTW – ANV is getting smashed. Nothing like raising cash by selling shares for $1 at the worst possible time.

Default coming? I wonder who they owe money to?

Posted by ipso facto @ 11:59 on December 9, 2014  

Venezuelan Bonds Crash To Lowest Price Since 1998


Every time gold has had a big up day the past 6 weeks I have given

Posted by Richard640 @ 11:37 on December 9, 2014  

it the benefit of the doubt that THEE bottom is in and the 3 yr bear is over–take today for instance–the HUI-JNUG-GDX are not up that much-I think that’s because they are bucking the down stock mkt—if the SM were flat or up slightly, their gains might be double what they are–the fact that gold futures and stocks are up at all is remarkable….but there are always HOOKs to keep one out of a new bull [or bear mkt if one is short].  PM stocks lagging today may be a hook…to ride a trend for years is hard to do–and that is why so few will make a dime from the next great bull run in gold.


Posted by ipso facto @ 11:35 on December 9, 2014  

Just the headline. I’ve some reading to do. How long will the Greeks be tortured by the euroboarding?

If the US gov is purposely exacerbating the oil decline it sure may be an unintended consequence if the junk bonds bite us in the as#!

IPSO-U seen this? Jeezo! Maybe a crash is coming which would go along with the article u posted-contagion about to happen?

Posted by Richard640 @ 11:26 on December 9, 2014  

Greece Post Mortem: Worst Day Since 1987 Crash, Banks Destroyed, Bond Yields At Post-Bailout Highs

Submitted by Tyler Durden on 12/09/2014 11:17 -0500

As the sun sets in Athens, we thought a moment of reflection was worthwhile. Greek stocks are now down 13% – the biggest single-day drop since (drum roll please) the crash of 1987… led by total carnage in Greek banks (down 15-25% on the day). Greek bond yields exploded, 3YR +183bps to a new post-bailout high at 8.32% (and inverted to 10Y).



So much for the theory

Posted by Buygold @ 11:19 on December 9, 2014  

that cheap oil will be good for the economy and SM.

OTOH, Yellen may need a SM downturn to publicly resume QE

‘Near Perfect’ Indicator That Precedes Almost Every Stock Market Correction Is Flashing A Warning Signal

Posted by ipso facto @ 11:17 on December 9, 2014  

Are we about to see U.S. stocks take a significant tumble? If you are looking for a “canary in the coal mine” for the U.S. stock market, just look at high yield bonds. In recent years, almost every single time junk bonds have declined substantially there has been a notable stock market correction as well. And right now high yield bonds are steadily moving lower. The biggest reason for this is falling oil prices. As I wrote about the other day, energy companies now account for about 20 percent of the high yield bond market. As the price of oil falls, investors are understandably becoming concerned about the future prospects of those companies and are dumping their bonds. What is happening cannot be described as a “crash” just yet, but there has been a pretty sizable decline for junk bonds over the past month. And as I noted above, junk bonds and stocks usually move in tandem. In fact, junk bonds usually start falling before stocks do. So does the decline in high yield bonds that we are witnessing at the moment indicate that we are on the verge of a significant stock market correction?

more http://theeconomiccollapseblog.com/archives/near-perfect-indicator-precedes-almost-every-stock-market-correction-flashing-warning-signal

The trade that is blowing up today, because of China’s overnight destruction of 80 billion collateral

Posted by goldcountry @ 11:13 on December 9, 2014  

Long Nikkei/Short Gold: Profitable, dangerous and missed by everybody?

Has the market completely missed a huge long/short trade which has helped to drive up the Nikkei and drive down the gold price for more than 2 years? One that puts risk-taking and leveraged speculation by our industry in an unfavourable light again.

Executive Summary:

In the report we outline a thesis which draws together a complex web of interactions between Japanese equities, the gold market, repo financing, BoJ monetary policy meetings and anomalies in the silver market.

These interactions began forming in late-2012, specifically around September, as far as we can tell. With hind-sight, this was a pivotal period in recent financial history, when central banks embarked on a new phase of aggressive credit creation. We found no evidence of these interactions beforehand and think it is fairly unlikely that they are merely the result of coincidence.

At the centre of this, it looks to us like a large, leveraged long/short trade has been built up which is long the Nikkei index and short gold. The more the Nikkei has risen, the more the gold price has been pushed down.”


see also:


Posted by Buygold @ 11:03 on December 9, 2014  

The bottom is in when the paper kings say it is. Sure looks like the bottom in silver may finally be in though.

Nice end of year run be nice

Posted by commish @ 10:58 on December 9, 2014  


Let’s keep it simple: gold is acting like it should-as the ultimate safe haven CURRENCY

Posted by Richard640 @ 10:49 on December 9, 2014  

Gold acted like that yesterday, today and 3 or 4 times [Vesuvian Tremors] in the past 6 weeks–those tremors were diagnostic clues that most missed…

Gold bears clinging to their deflationary grand thesis must realize by now-I hope-that-as I have said many times on this forum–there will be NO repeat of G&S’s performance of 2008

That is because even  the most mainstream of the mega-money fund managers all know what goldbugs know– BUG dialogue has entered the mainstream-that 2008 nonsense about “selling everything to raise cash” will not fly this time around…

But we shan’t order our Lambhorghinis just yet….there is a powerful, evil and malignant enemy of gold out there….look for margin increases on the comex and cmd soon if this keeps up–but I doubt they will be effective–there is just too much money out there in Radioland….chasing too little inventory


Posted by Maddog @ 10:47 on December 9, 2014  

Why is the USD getting smashed?

It looks like the moves are covering trades, the only 0ne not moving so far is Bonds/Notes, but I guess they are parking money there.

Biggest Hedgy bets are short rates, long S & P and Long Dollar…plus of course they have a relatively monster PM short. All are getting smashed apart from Rates.

and here comes the PPT !!!!!!

and here they come….

Posted by Buygold @ 10:47 on December 9, 2014  

smash attempt #1

re Shouldn’t the rest of the world be jumping into the USD?

Posted by Mr.Copper @ 10:34 on December 9, 2014  

They all already did that. Too many on the same side of the boat.

Besides the Yen rally

Posted by Buygold @ 10:32 on December 9, 2014  

Why is the USD getting smashed? I thought the US was the cleanest dirty shirt. Shouldn’t the rest of the world be jumping into the USD?


Posted by Buygold @ 10:29 on December 9, 2014  

No doubt the defense of GDX $20 is in play. If we do somehow manage to bust it with authority we might have a good run.

I’m with Ipso though, wondering if the smash is going to arrive.

Games continue

Posted by Maddog @ 10:27 on December 9, 2014  

SSRI up less than AG in % 3.45 versus 3.83!!!!!!!

Shud be double or treble the AG rise.

The Worm Has Turned

Posted by Mr.Copper @ 10:25 on December 9, 2014  

Someone just last Friday posted with charts, re Dow,

#1 A Big Crash, Waiting For A Reason, Or Spark.
#2 US Dollar Getting Up Near Prior Drop Zone, and…
#3 Euro Getting Down Near Prior Support Area.

Looks like all three so far, may be in new directions.

Oil crashed like real estate crashed, because the price got too high. The central planners probably pushed it higher to encourage fantasy renewable alternatives.

The US Dollar got manipulated too high, (like real estate did) imo, because the central planners wanted inverse lower currencies in Europe and Japan et al to stimulate their export to USA economies. TPTB, back in June, obviously felt the USA economy can “hang” for a while.

The Dow SnP etc recently also got too high just like real estate in 2007-8 before it took a dive.

GOLD-SILVER-COPPER all got way too low because they got too high 3 years ago. Just like real estate was too low around 1997, before it took off to all time highs.

Question, Note:
Remember all the fake magnetic Silver going around years ago?? Recently a store owner told me much of the 14k Jewelry is really 7K.

Can anyone confirm that? It won’t surprise me.

Silver over $17

Posted by ipso facto @ 10:21 on December 9, 2014  

I love the smell of burning shorts in the morning.

Now … when does the counter attack start …

Hi everyone

Posted by eeos @ 10:19 on December 9, 2014  

nice wake up call this morning


Posted by Maddog @ 10:15 on December 9, 2014  

was just offered in Monster size at 20.01 and taken imediately, in the blink of an eye.

Looks like the shorts are gonna try and defend 20.00 in GDX and 118.00 in GLD, lets see how long they last.


Posted by ipso facto @ 10:08 on December 9, 2014  

Celebrating? Let’s not get irrational buddy. 😉

looks like MM coffee is a little extra “perky” this A.M.

Posted by macroman3 @ 10:07 on December 9, 2014  
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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.