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

Turdle GGTheGoodDoctor
Sep 8, 2011 - 7:36pm

The Good Doctor

Thanks for posting the Santa videos.

A pity that the interviewer isn't a bit more knowledegable.

Edit: I now see that the interviewer is JS Minset's co-founder. So maybe he is just trying to act dumb to help the uninitiated?

MikeyShill
Sep 8, 2011 - 7:37pm

Damn , Hillary sure look s

Damn , Hillary sure look s happy. Ha ha.

Think I'll go puke now and then drink heavily.

¤
Sep 8, 2011 - 7:37pm

Psycho babble

He's babbling. The speech writer for this will be looking for a job tomorrow.

Shill
Sep 8, 2011 - 7:38pm

Cue up the sympathetic tone.

Cue up the sympathetic tone. Beep beep beep beep..I am a robot...beep beep beep

beardeus
Sep 8, 2011 - 7:39pm

Oh fuck Obama! His statement

Oh fuck Obama! His statement about Social Security just now freaking pisses me off!

sevin
Sep 8, 2011 - 7:39pm

Someone needs to start the

Someone needs to start the wave in the crowd because this is boring..

FriedEggs
Sep 8, 2011 - 7:39pm

Good Grief

Exactly -

Charlie Brown Teacher Speaking
Jake
Sep 8, 2011 - 7:40pm
Bay of Pigs
Sep 8, 2011 - 7:40pm

Start the Wave?

Ha ha....priceless! Nice...

Tesla
Sep 8, 2011 - 7:41pm

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