• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Defying Gravity One Round Of QE At A Time

Tyler Durden's picture

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Fri, 07/16/2010 - 09:17 | 473184 Tic tock
Tic tock's picture

Diet tip- take up smoking

Fri, 07/16/2010 - 09:29 | 473195 Pamela Anderson
Pamela Anderson's picture

Something or "someone" is distorting the correlation between equities and yield by holding the S&P... I am not joking


Fri, 07/16/2010 - 09:32 | 473203 Cognitive Dissonance
Cognitive Dissonance's picture

Now THAT picture was funny. :>)

Fri, 07/16/2010 - 09:47 | 473219 Paper CRUSHer
Paper CRUSHer's picture

lol......damn midget.

Fri, 07/16/2010 - 09:26 | 473189 Cognitive Dissonance
Cognitive Dissonance's picture

Thanks Nic.

Any one notice how muted the pre-market is despite "good" reports from BAC and GE? And this was before C reported. This is where things get interesting. When "good" news doesn't push a market up, what exactly will?

Cue the ominous music boys. The sharks are circling.

Fri, 07/16/2010 - 09:30 | 473197 Minyan Vince
Minyan Vince's picture


where do you get good news from BAC and GE...top line fell out of bed!

Fri, 07/16/2010 - 09:35 | 473206 Cognitive Dissonance
Cognitive Dissonance's picture

That was why I put "good" in quotes. Because it must be true since CNBC told me it was. If Becky and Joe tell me all is well, I pull the covers over my head, hit snooze and get another 30 minutes of shut eye. :>)

Fri, 07/16/2010 - 09:50 | 473221 Minyan Vince
Minyan Vince's picture

ah ha...gotcha...good to know about the Becky and Joe tell tale..now I don't have to get up @ 5am everymorning :-)

Fri, 07/16/2010 - 09:25 | 473190 10044
10044's picture

Gold's gettin hammered, fcking jpmc, actually thx jpmc for making it cheaper to buy

Fri, 07/16/2010 - 09:31 | 473196 Cognitive Dissonance
Cognitive Dissonance's picture

While Gold remains within it's lower channel, it appears Gold and Gold miners are being set up for a take down along with the market. While the ability of the powers that be to manipulate Gold has been diminished of late, they still have a few tricks up their sleeves.

Early this morning I slapped on some Gold (ETF) shorts to protect my miners. Ops, maybe it was puny little me that moved the Gold market? :>)

Fri, 07/16/2010 - 11:20 | 473455 Al Huxley
Al Huxley's picture

I've found that buying GDX puts when it hits the top of its channel has been a better hedge for my mining stocks than using GLD.  Takes a lot of the pain out of holding the stocks through the volatility.

Fri, 07/16/2010 - 09:31 | 473201 LoneStarHog
LoneStarHog's picture

GLD Options Expiry...Right at MaxPain...But there is NO manipulation, per CFTC criminals...

Fri, 07/16/2010 - 09:28 | 473194 Minyan Vince
Minyan Vince's picture

how long will micro trump macro....

Fri, 07/16/2010 - 09:42 | 473210 Joe Shmoe
Joe Shmoe's picture

I keep wondering about this too.  Should we look to extreme examples like North Korea (as in, the extreme of manipulation)?

Fri, 07/16/2010 - 09:31 | 473199 Quinvarius
Quinvarius's picture

Euro Libor rates are blowing the top out.  You may think you see liquidity, but it is not in the system.

Fri, 07/16/2010 - 09:31 | 473200 KevinH
KevinH's picture

So what is your take on the recent action on the Nikkei, falling 400+ points to 9355, on a technical level? I know the huge support is at 9000 and it looks like we will retest it next week.

Fri, 07/16/2010 - 09:44 | 473214 Joe Shmoe
Joe Shmoe's picture

Does technical analysis even hold up in this market?  

Fri, 07/16/2010 - 09:44 | 473215 Stink_Pickle
Stink_Pickle's picture

anyone got a read on TW's ecri growth?

Fri, 07/16/2010 - 09:44 | 473217 barkingbill
barkingbill's picture

the nikkei plunges and somehow you see it as a bullish indicator? 

Fri, 07/16/2010 - 09:47 | 473220 KevinH
KevinH's picture

I think this was written before the Nikkei plunged to 9300, because he indicated the Nikkei had bounced and sitting above 9600.

Fri, 07/16/2010 - 10:22 | 473228 Goldenballs
Goldenballs's picture

Years of Austerity would equal political,financial and social insecurity as populations around the globe would say were not going to take it.So to protect the Politicians and Bankers the whole situation takes a a jump into the wide blue yonder and the great unknown.In other words it couldn,t be as bad as the above,could it ? and instead of being 100% total crap it might only be 90% and then they can say but for us you,d have copped for the other 10% so grovel and be thankful.Hyperinflation seem the likely outcome,the only solution to unpayable deficits.Buy Gold and Silver before they realise the  penny has dropped.Hyperinflation becomes more and more sure as the only workable solution to these deficits.

Fri, 07/16/2010 - 10:19 | 473277 mephisto
mephisto's picture

the sudden realization that a double dip is pretty much guarantied (barring more stimulus/QE and the likes)

Well last time, QE went straight to Wall Street's excess reserves, as the Fed well knows. Unless they find a way to get cash from the Fed to small business, I'm still calling for double-dip - straightforward QE won't avoid that. 

Fri, 07/16/2010 - 10:35 | 473306 Muir
Muir's picture



Awasome post!!
(injustice to only be able to give it 5 stars)

Thanks Tyler.

Fri, 07/16/2010 - 14:00 | 473943 Grand Supercycle
Grand Supercycle's picture


The DOW/SP00 leg down has started.


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