Futures Gap Down To Wednesday Levels As Silver Climb Relentless

Tyler Durden's picture

Courtesy of endlessly trading and constantly front-run electronic markets, after watching the geopolitical carnage overnight with little reaction futures have suddenly gapped down by over 10 points to below Wednesday's closing levels, wiping out the levitation from both Thursday and Friday. Indicatively, as stocks finally appear mortal once again, silver (now  a quarter away from $34) is up 11.63% from its Wednesday lows, and even gold is up 2.7%. The former traditionally takes a while to pick up momentum. Once it does, not even JPM can stop it.

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Golden monkey's picture

Dip or not, it's still cheap below 75$.

Richard Head's picture

Been waiting for another dip after missing the pullback to $26-27.  Couldn't stand the pain any longer and just bought some more.  So you can be sure Ag will now start going down again! 

qrad's picture

you will be glad you got the physical. just don't sell until it's obvious that the manipulation is over, and pledge your deliveries at http://standfordelivery.com

FischerBlack's picture

Yay a dip, lets buy it.

Michael's picture

But, we have a Recovery. Look at the Green Shoots.

Best of walstreetpro2 (greatest fuckin hits) - 1 of 3


Best of walstreetpro2 (greatest fuckin hits) - 2 of 3


Best of walstreetpro2 (greatest fuckin hits) - 3 of 3


The Count's picture

Watch some kind of voo-doo levitate the SP futures to like 2 points plus before the end of the day. The markets must rise says the high priest of the money temple!

in-Credible Banker's picture

What is the point of saying "silver bitchez" everytime a silver related article appears on ZH?  How about something a bit more insightful, and worth reading? 


tmosley's picture

Just own physical silver.  There's not much more to wealth accumulation in this environment than that.

"Silver bitchez" is a most concise way of saying as much.

The Count's picture

Bitchez, Bitchez! As in, I am long hookers :)

traderjoe's picture

Because the beauty of this site, imho, is comments range from the insightful, sarcastic, mundane, inane, etc. - where emotions run from teenage giddiness to outright heartbreak and loss. It's all there, and it's all good. It's Fight Club - bitchez...

Going Loco's picture

And the best comments are the short ones (no, not that sort of short).

outamyeffinway's picture

Maybe it's just fun. Have you ever done it? Let's all do it together: Silver bitchez!!!

AndrewJackson's picture

The fact that the equity market has rallied so much in the face of this much geo political instability, commodity increases, and margin squeeze is beyond me. When this pile of crap finally falls, it is not going to be pretty.

Salvatore CFA's picture

<< The fact that the equity market has rallied so much in the face of this much geo political instability, commodity increases, and margin squeeze is beyond me. >>

The [ not so ] invisible hand of the PPT. Alas, however, all good things come to an end, and no, General, it will not be pretty in the least.

rosiescenario's picture

...not that I am that smart or insightful, but after 40+ years of following and investing in the market and having worked for a short only hedge fund a decade ago, this market is surreal, our economy...likewise....and the usual bs flows from D.C....well at least that is a constant.

btb2010's picture

As the masked man (Lone Ranger) said : Hi-ho, Silver, AWAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Prof Gulliver's picture

Geez, the PPT is off today for the holiday. They'll be at their desks Tuesday morning before the market opens.

The Count's picture

Pity those PPT guys and gals that must be sweatin blood to keep the lid on this mess.

apberusdisvet's picture

Was that a mini raid by Blythe?  Give it up girl.  How much more will Bennie and Timmah support JPM?  All I ask is just one question from a Congressional panel to either of these two idiots:  How much money is JPM in the (ass)hole?

CharliePrince's picture

i need more silver, ill ask blythe

camoes's picture

Commercial Signal Failure BITCHEZ!

Dapper Dan's picture

I do not like the complete silence from the white house, this worries me very much.

Am I missing something?  Has Jay Carney had his baptism of fire yet?

I have an old T.V. and may have missed him.

StychoKiller's picture

Opening their mouths and flappin' their gums is almost as important as breathing to a Pol, guess they're havin' a tough time trying to find something good to say re:  Mommar Kaddafi.

Ecoman11's picture

Poor Comex. Can you imagine how many investors will take delivery this week? I think James Turk said it best when he stated that it's not about price, it's about ownership now.

Amish Hacker's picture

Just for fun, I think I'll go back and re-read some of last week's blogs from the FRN bulls explaining how the backwardation in the silver market really didn't mean that anything important was in the works.

traderjoe's picture

The silver trolls do seem to be a bit scarce at the moment...

As an aside, while I am FRN bear and a hard asset/sound money/even Treasury Greenback bull, I take no pleasure today in the rise of silver and gold. No only is it coming on the back of real pain and suffering around the globe and at home, I really am only keeping up with the rise in oil (which is the ultimate commodity, but I can't take possession in the same way). I'd much rather not have BB printing money as a 'last bastion of failed economic policies and Banana Republics' (see QE2 bears). But, he will continue to print. Print us right over the cliff...

Overflow-admin's picture

Who said "I like the smell of sith flesh burning"?

Salvatore CFA's picture

Hmm. Allow me to reflect upon this...

...Bernardo Gui ?


RobotTrader's picture

Nothing like a geopolitical "convulsion" to get the wildebeest herd running pell mell in a panic...


monopoly's picture

That is a great pic Robot, well done.

Sophist Economicus's picture

The one in the upper right looks like Harry

Josh Randall's picture

Princeton can use a guy like Silver

monopoly's picture

GM all. Well, yes, gold, silver ramping up, but I just keep buying every dip. My physical holdings are not for this year or next year but way down the road, miners, stocks a little different. This is really no change for most of us long term. The dollar is no safe haven and will eventually evaporate, so while we have some nice short term profits here, just swimming with the tide. I never sell my physical.

Think most stocks will decline tomorrow ex. miners. Buy AMZN CMG PCLN on the dip. LMAO> If you all would like I will make the call to Lloyd, Damie and Ben to ensure a green close tomorrow. :) Just let me know. Have a great day all.

But, no shorts.

camoes's picture

Blythe rises from ashes, silver down to 33.5! BTFD lolz

Pegasus Muse's picture

And watch how the Longs are bending the Witch over and giving it to her good. 

Immediate ramp up; moving thru 33.66 ... 33.70 .... 33.75.  Already back to the day's high.

LMAO.  Give it to her good.

Big Corked Boots's picture

Her reward is $34 silver.

Payback, bitchez.

RobotTrader's picture

And yes, I will be ready to short big when the time comes.  Could be as early as tomorrow.

The key will be to watch how LULU, RL, PNRA, DECK react to this Libyan news.

So far, they have been bucked up even higher each time one of these Middle Eastern countries fall.

But maybe this time will be different.

I will be ready for either outcome.

Bendromeda Strain's picture

Thank goodness, we were worried...

tmosley's picture

Yeah, do it on margin.  Lots of margin.

When margin comes a-callin', be sure you have a high window you can jump out of.

Richard Head's picture

You've got to be shitting me.  Could you come up with 4 more inconsequential stocks?  You might as well throw CROX into that list!

traderjoe's picture

Yes, you will be ready with some backward-looking comment on some random stock selected simply to make some half-baked point. Can't wait!

lieutenantjohnchard's picture

actually, you'll be about ready for every eventuality as you were for silver at $26.50, gold at $1300 and wti at $85.

for all you claim to listen to the market you don't: you're programmed.

H. Perowne's picture

Well, he is a robot after all . . .