Puppet Masters

What happened the last time we saw gold drop like this?

Tyler Durden
ZeroHedge
Mon, 15 Apr 2013 11:59 UTC

The rapidity of gold's drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly 'hurried' selling in the last five years. In July 2008, gold quickly dropped 21% - seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period - as Europe's risks exploded and stocks slumped prompting a globally co-ordinated central bank intervention the likes of which we have not seen before. Given the almost-record-breaking drop in gold in the last few days, we wonder what is coming?

This is what it looked like in Q3 2008...

and in 2011...

and now...

and it seems safety is bid dramatically elsewhere as 2Y Swiss rates plunge 4bps to -7bps - their lowest in 4 months...

Reader Comments

Rabelais · 2013-04-15T15:07:55Z

The canary

Gold is traditionally take to task just before a black swan event. This contains its spike after the event at manageable levels, like where it was before last Friday. A dramatic $200 rally over a few trading days will only bring the price back to the sideways trading band that it has been in for months. It is a handicap. The next price rally will be starting from a much lower level, therefore it will likely not attain lofty new highs. Investment excitement in gold is anathema to the purveyors of fiat currencies.

Hugh Mann · 2013-04-15T15:29:08Z

Laymans Terms: Market manipulation.

Anyone who exchanges gold for currency is an idiot and deserves what they get.

gdpetti · 2013-04-15T15:52:33Z

Very entertaining is it not?

ANd crazy cool to boot! They've got options expirations approaching and it looks like they want to hit the fibonacci point as well.... and as quickly as possible, as if they're in a hurry and don't think they can keep it going long. Very interesting. Is something coming? There are all kinds of warnings and issues out there that can hit at any moment. The smart money has been exiting for a couple months now and they advertised that exit as well, as they've been advertising the 'gold short' in the last couple of days, but only to those watching the market already, so not to warn the 'weak hands' they want to kick out so they can pick up their positions on the cheap and prepare for their positions come Friday's expirations.

It's crazy cool to watch as most of the trading is in-house, the same as their computer high speed trading programs.. it's a 'circle jerk' or daisy chain of mutual masturbation, same as their entire banking system relies on to maintain the 'game'. This seems like they are prepping for the last few pages of the script. Should be fun to watch all this mostly digital farce. It's like they are speeding up as they approach a black hole, only they are going backwards and don't see it at all. Crazy Cool!

lindee-lou · 2013-04-16T17:02:56Z

yup

look out for april 25. hugs

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Puppet Masters

What happened the last time we saw gold drop like this?

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