An Encouraging Thursday

260
Thu, Sep 8, 2011 - 5:10pm

It what can only be construed as encouraging action, gold flew back higher today, nearly to the level it was before the blatant manipulation of Wednesday. I'll be very interested in the OI numbers tomorrow to see if today was primarily due to continued short covering by The Cartel.

I'll find it quite amusing if it was. To think that the SNB deliberately tried to manipulate gold lower only to be thwarted by the greedy, frightened, short-covering Cartel is wonderful to consider. Sort of like having your two worst enemies declare war upon each other. I'll stay happily on the sidelines while I giggle at my good fortune. At the end of days, survival instinct kicks in and everyone turns on each other. Perhaps that's what we're seeing here.

Regardless, The Turd is quite pleased with where we stand at this moment. Absent margin hikes or further intervention, the PMs look certain to trade higher this evening and into the overnight. (President O'bottom discussing the idea spending more money that we don't have should help provide the bids.) IF they can survive the usual 3:00 am LBMA beatdown, they will be poised for a stellar day tomorrow. Perhaps they will even finish with a green candle on the chart.

And if you haven't read this yet, I suggest you do it now. There's no sense in me commenting on it as I would imagine you can easily envision what I would say. (Something like "duh" or "ya think?" comes to mind.)

https://www.zerohedge.com/news/goldman-head-gold-trader-speculates-about-authority-intervention-gold-sees-gold-pushing-higher

Have a great evening! TF

About the Author

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  260 Comments

¤
Sep 8, 2011 - 7:29pm

Northern Border

You are so correct that it's embarrassing to acknowledge almost.

I"m not feeling real confident right niw but this is about what I expected when this "plan" leaked out last night.

What this tells me more then anything is that they are not serious or they have absolutely no clue what to do right now. That's a bit unnerving but then again that's why we stack when we can.

This is really weak and I'm sure will be roundly criticized by everyone...except Chris Matthews.

Shill
Sep 8, 2011 - 7:29pm

Nice Purple Dress Mrs.

Nice Purple Dress Mrs. Obama...See folks they don't even have to speak their dress speaks for them.

A-hole talking school now, school was fine until the .Gov put their hands in it. This speech sucks, Same shit different date.

Tesla
Sep 8, 2011 - 7:30pm
Shill
Sep 8, 2011 - 7:33pm

And it only going to cost

And it only going to cost this much 100,000,000,000,000,000,000,000,000,000,000,000,000

If he says Swich Grass I am shutting the tube off.

33 and a turd¤
Sep 8, 2011 - 7:34pm

@DPH re clapping

they are programmed to clap when his tone of voice changes or when he does specific hand movements

sevin
Sep 8, 2011 - 7:34pm

Let's just inject a bunch of

Let's just inject a bunch of money into the economy to stimulate growth. That has worked before... NOT. Stop standing up. It is bad for the knees. Ron Paul would be asleep if he was there.

Bay of Pigs
Sep 8, 2011 - 7:35pm

DPH

Good grief. The stooges in Congress aren't even listening to him and have no idea why they are standing and clapping.

An embarrassing scene to me. Nothing but political grandstanding by Obama. He has no idea what he's talking about.

Until we get a leader willing to tell the truth and take on the FED and the Banksters, we will get nowhere.

Vincent
Sep 8, 2011 - 7:36pm

DXY Chart D1

DXY Chart D1

Dollar where you go? I not simple dollar - I dollar the bull!

https://www.flickr.com/photos/vincentny/6128739836/in/photostream/lightbox/

"I want to see more Pontiac Aztecs all around the world" B.Obama 19:31

¤
Sep 8, 2011 - 7:36pm

Michele's dress maker

I think I spotted him in the background sitting on Barney Franks lap

Merlin, why the purple dress?
33 and a turd¤
Sep 8, 2011 - 7:36pm

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