Gold Break Out In Progress

[MNeagle]

Submitted by Tyler Durden on 02/03/2011 12:08 -0500

Doug Kass


Perhaps those 2 days of December 1,800 gold call purchases we discussed yesterday indicated someone (not Doug Kass mind you), knew something...Gold has just surged by $20 in minutes. Unless Blythe can find a way to contain this, this could get very ugly, very fast.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Gold%202.3_0.jpg

link (http://www.zerohedge.com/article/gold-break-out-progress?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

[chad]

this thing in the middle east is one event away from gold doubling in about 2 minutes.

[Hatha Sunahara]

I am starting to sense a correlation between gold price rises and world chaos. However the chaos would be here regardless of the gold price. Gold is insurance against that chaos.

Everyone who owns gold should congratulate themselves for being so prudent.

Hatha

[joe_momma]

Business Insider is blaming the Bernanke's speech on the spike - seems he says there is no inflation on the horizon...

Lengthy article (his speech) - so not posted

http://www.businessinsider.com/boom-look-what-gold-did-when-bernankes-speech-hit-the-wire-2011-2

Tyler (Zerohedge) beats the Bernanke also

http://www.zerohedge.com/article/full-ben-bernanke-speech-national-press-club

The lies come hot and heavy:

* Initial claims for unemployment insurance have generally been trending down, and indicators of job openings and firms' hiring plans have improved
* QE 'Effective at easing financial conditions'
* Recovery likely to be 'more rapid' in 2011 than 2010
* 'Overall inflation remains quite low'
* Recovery in consumer, business spending may be solid
* Economy seems to have strengthened in recent months

But here's the only one that matters:

* Unemployment, inflation likely to defy Fed mandate

[mightymanx]

Business Insider is blaming the Bernanke's speech on the spike - seems he says there is no inflation on the horizon...

Lengthy article (his speech) - so not posted

http://www.businessinsider.com/boom-look-what-gold-did-when-bernankes-speech-hit-the-wire-2011-2


Metal always rises after the usurper speaks.

[mamboni]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.

[SLV^GLD]

Is it good or bad the only word I had to look up was logomachy?

[mamboni]

Is it good or bad the only word I had to look up was logomachy?


Very good! Clearly you do not suffer from hippopotomonstrosesquipedalianophobia. ;D

[Low_five]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.


I would agree with you completely if you were right, but you are not. Gold is in gyroscopic backstrap upheave trading pattern . 5000 contracts were sold yestetday. Before that, 64379 contracts were bought. Two weeks ago, 643234568900986655 contracts were traded. In december 542234567789998234569866432 contracts expired. If my calculations are correct, and they rarely are, gold is going to suck a stabbed dick. I checked apconmex vaults and discovered there are NO CONTRACTS LEFT. They are expecting a shortfall of contracts, which will cause gold prices to fall through the floor, which is you lower floor neighbors roof! Your lower neighbor is bernank, and he is deliberately bombing gold so he can personally obtain it. He will then crash gold into the ground, where it will travel through the earth and emerge in china. Bernanks plan is to transmit all gold to our chinese overlords secretly.

[Hatha Sunahara]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.


Regardless of what came before it, the last sentence is undeniably true.


Hatha

[mamboni]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.


I would agree with you completely if you were right, but you are not. Gold is in gyroscopic backstrap upheave trading pattern . 5000 contracts were sold yestetday. Before that, 64379 contracts were bought. Two weeks ago, 643234568900986655 contracts were traded. In december 542234567789998234569866432 contracts expired. If my calculations are correct, and they rarely are, gold is going to suck a stabbed dick. I checked apconmex vaults and discovered there are NO CONTRACTS LEFT. They are expecting a shortfall of contracts, which will cause gold prices to fall through the floor, which is you lower floor neighbors roof! Your lower neighbor is bernank, and he is deliberately bombing gold so he can personally obtain it. He will then crash gold into the ground, where it will travel through the earth and emerge in china. Bernanks plan is to transmit all gold to our chinese overlords secretly.


I defer to you, my casuistic colleague. No man will ever accuse you of being cynocephalous.

[Low_five]

Well I wasnt expecting you to (insert huge word that describes a cowardly deferral to what should have been a good huge fight)

[mamboni]

Well I wasnt expecting you to (insert huge word that describes a cowardly deferral to what should have been a good huge fight)


In comparison to gold, any debate between us would be floccinaucinihilipilification.

[uncletonoose]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.
:dunno

[mamboni]

Gold is up $20.60!!! That's all one needs to know! ;D

[Hatha Sunahara]

Bernanke intends to devalue the dollar. But he's trying to do it in a backhanded way so he can't be blamed. He denies that the dollar has a problem, but that other currencies reflect increasing strength, and that other countries should revalue their currencies against the dollar. This must be the Talmudic definition of devaluation.

I suspect that Bernanke's announcement today may have been apparent to the elite, and a signal for them to sell dollars before the 'event'. The falling USDX is inversely related to to the price of gold. The falling dollar caused this lift off for gold. The short sellers will beat it down mercilessly. If they don't, they are that much closer to the end of their fiat empire.


Hatha

[ximmy]

Don't go having a premature nocturnal ejaculation on us.


What does The Nocturnal Egyptian have to do with this... ???

[Antonio]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.


This is how Skirnir used to talk on the Agora. What happened to him?

[Serpo]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.


This is how Skirnir used to talk on the Agora. What happened to him?


tripped over his tongue and now in plaster....

[Ponce]

Let us abstain from logomachy in discourse on gold. The limicolous Bernanke waxes inaniloquent about the economy. At the root of his malady is eleutherophobia combined with insipient emacity. Our politicians, siezed with empleomania, turn a blind eye towards this fiatophilic blatteroon, to the detriment of the people. Unlike the politician, the Bernank [sic] is unencumbered by girouettism. If only his proclivity towards monetary expansionism could be substituted with gynotikolobomassophilia. Until such time, there is only one refuge: gold.


Hey Doc? I didn't know that you could speak Spanish?..........very good.