• 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...

Initial Claims Predict Disappointing June Non-Farm Payrolls Of 75K-125K

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Fri, 06/24/2011 - 09:34 | 1398194 Mercury
Mercury's picture

This ugly number which will merely further cement the case for further monetary or fiscal stimulus (and forget the latter), will come just in time for the Manufacturing ISM to print sub 50, and send the confirmation that we have all been waiting for that the US economy is now officially contracting.

Oh but just think how bad things would have been without all the stimuli, bailouts and pork. You have to consider GDP saved or created...

Fri, 06/24/2011 - 09:45 | 1398219 Popo
Popo's picture

The winds of deflation are picking up quickly now.

Fri, 06/24/2011 - 09:59 | 1398261 DonnieD
DonnieD's picture

Don't worry, Obama will tap the SPR again soon. Everything will be better.

Fri, 06/24/2011 - 09:32 | 1398195 alexwest
alexwest's picture


Fri, 06/24/2011 - 09:29 | 1398196 midtowng
midtowng's picture

It's all good because stocks won't drop like in 2008. Larry Kantor says so.

Fri, 06/24/2011 - 09:50 | 1398233 Caviar Emptor
Caviar Emptor's picture

Until...something else comes along. 

Think outside the box, my friend

Fri, 06/24/2011 - 09:35 | 1398200 youngman
youngman's picture

Bad news does not seem to do anything...but make the market go up....they will call it "unused opportunity"

Fri, 06/24/2011 - 09:43 | 1398221 Popo
Popo's picture

I remember saying those exact words about a month before the dot com crash.  

Everyone was marveling at the negative revenues of companies with rising stock prices:  "The bad news doesn't seem to matter..."


...and then it did.

Fri, 06/24/2011 - 11:02 | 1398486 ElvisDog
ElvisDog's picture

In my opinion, the market is where it is because of two factors - the Fed POMO activity and the perceptiont that S&P earnings growth is high and will be sustained indefinitely into the future. At some point though, the combination of input cost pressures and high unemployment/underemployment is going to reduce profit growth or cause an absolute reduction in profits. Then, we will see what we will see.

Fri, 06/24/2011 - 09:32 | 1398204 SheepDog-One
SheepDog-One's picture

Must.....maintain....mythical DOW 12,000.....must keep.....401K Bathrobe Brigades.....from getting nervous.....must pump...

Fri, 06/24/2011 - 09:42 | 1398214 augie
augie's picture

Hey dog, I'm really tired of getting stopped out of my /es puts, could you let me know when tteh QE3 is finally priced in so i can stop wasting my money? 



Fri, 06/24/2011 - 09:44 | 1398225 SheepDog-One
SheepDog-One's picture

No idea! Only way the world is running is by elephants dancing on the head of a pin with 'QE-no QE' daily flip flops depending on whats crashing that particular day. 

Fri, 06/24/2011 - 09:51 | 1398245 Caviar Emptor
Caviar Emptor's picture


Fri, 06/24/2011 - 09:44 | 1398218 iNull
iNull's picture

Sounds like a bad case of Bernankerea.

Fri, 06/24/2011 - 09:49 | 1398237 youngman
youngman's picture

I agree DOG....that is 80% of the market today....getting and keeping it up so people do not fear their quarterly 401K reports.....to bad its all fake...these low volume up days are going to come back to haunt us and they will drop fast..

Fri, 06/24/2011 - 09:59 | 1398253 Long-John-Silver
Long-John-Silver's picture

Must keep Silver below $36

Fri, 06/24/2011 - 10:00 | 1398265 achmachat
achmachat's picture

in your personal opinion... how much more ressources, how many more little tricks do they still have to keep silver below 36 und thus under the radar of the general public?

Fri, 06/24/2011 - 10:22 | 1398315 Josh Randall
Josh Randall's picture

Nobody knows (or at least those that are honest), but it appears to be a situation where the price will one day soon be dictated to by true market forces and demand for physical. Keep looking for a true historic Gold to Silver ratio of 15:1, or 10:1; hence the establishment knocks down Gold or reins it in to keep both in line -- so keep buying these dips as that 15:1 or 10:1 will look solid when Gold hits 3k

Fri, 06/24/2011 - 11:08 | 1398492 ElvisDog
ElvisDog's picture

At least the level is higher now. I can remember people complaining about silver market suppresion when it was $5/oz

Fri, 06/24/2011 - 09:38 | 1398213 Boilermaker
Boilermaker's picture

REITs in full blast off now...they have full control now. Time to relentlessly bid them up with wreckless abandon.

Fri, 06/24/2011 - 09:43 | 1398216 Iriestx
Iriestx's picture

To the fucking moon!

Fri, 06/24/2011 - 09:58 | 1398257 Boilermaker
Boilermaker's picture

They used the moon's graviational pull to slingshot further into the galaxy.

Yea, they are still up even with the sell off in the broader market.  Hey, why the fuck not.  What is left to lose now?  Credibility? 

Fri, 06/24/2011 - 10:32 | 1398349 augie
augie's picture

lol +1

Fri, 06/24/2011 - 09:49 | 1398228 SheepDog-One
SheepDog-One's picture

Most of the FED's 'assets' are in that REIT crap, must....pump 'assets'....must cause inflation....of our worthless....'assets'...

Fri, 06/24/2011 - 09:57 | 1398249 Cdad
Cdad's picture

Sell AVB today.

Fri, 06/24/2011 - 10:00 | 1398266 Boilermaker
Boilermaker's picture

It's some amazing shit.  That they can keep it at these levels or even jam it higher is just a testament to their unrelenting dedication to fraud.  Unreal.

Fri, 06/24/2011 - 10:08 | 1398269 LMAO
LMAO's picture

@ sheepdog


Just replace "assets" with "ass-hats" and your statement makes all the more sense. It almost sounds the same anyway.



Fri, 06/24/2011 - 09:42 | 1398220 Lone Mad Minute...
Lone Mad Minute Medic's picture

Where is my parabolic Silver?

Fri, 06/24/2011 - 09:59 | 1398258 Long-John-Silver
Long-John-Silver's picture

Buried under 38,000,000 ounces of counterfeit paper Silver.

Fri, 06/24/2011 - 09:44 | 1398226 Caviar Emptor
Caviar Emptor's picture

Eurosclerosis has finally set in to US economy.

That was an inevitability once the point of diminishing returns of endless monetary stimulus was reached.

Fri, 06/24/2011 - 09:47 | 1398234 SheepDog-One
SheepDog-One's picture

I was watching a great zombie movie last nite, the trick is to keep flexing the joints of the zombie to prevent rigormortis from setting in.

Fri, 06/24/2011 - 09:50 | 1398242 Caviar Emptor
Caviar Emptor's picture

I predict a resurgence of zombie movies (no pun)

Fri, 06/24/2011 - 10:02 | 1398260 fuu
fuu's picture

It is a genre that needs resuscitation. Or maybe just some rejuvenation.

Fri, 06/24/2011 - 09:47 | 1398235 Cassandra Syndrome
Cassandra Syndrome's picture

What's going to be today's news release at 3pm EST to save the plunge? Bambi's mother is alive?

Fri, 06/24/2011 - 09:54 | 1398239 Greeny
Greeny's picture

Ashraf Nailed, about QE3 and latest FED moves:


Fri, 06/24/2011 - 10:07 | 1398276 Long-John-Silver
Long-John-Silver's picture

They can't print oil. The strategic oil reserves are physically limited. Eventually the oil will run out and then what will they do?

Fri, 06/24/2011 - 10:00 | 1398264 RobotTrader
RobotTrader's picture


New highs for SBUX, BBBY, and assorted other retailers.

Must be celebrating yesterday's "tax cut" by unleashing the SPR.

Fri, 06/24/2011 - 10:29 | 1398355 lizzy36
lizzy36's picture

There's a party going on right here......Celebrate good times come on......

Whoops looks like instead of lasting the year it lasted.......24 hours. Another excellent move by an administration who believes that intervening in the markets is a better strategy than actually doing something about the economy.

Alas, one wonders what quid pro quo one gets for paying almost $40k a seat for a dinner @ Daniel (nyc) with Obama. Said dinner took place last night.


Fri, 06/24/2011 - 10:04 | 1398270 RobotTrader
RobotTrader's picture

Worst news flow since 2008 and the REITs and retailers are less than 3% off 3-year highs.

I wonder when the real selloff gets going??

Fri, 06/24/2011 - 10:07 | 1398274 rubearish10
rubearish10's picture

So now we wait 'til next Friday (ISM) or the following Friday for NFP to find out if 200 DMA meets its match. Not! That leaves too much time for TBTB to design more of those surprise stick save reversals. Master Plan remains to secure the public perception that commodities are cheaper now  and the (401k) market holds in the 12m's. 

"Maybe a two-headed Black Swan" would be a deal breaker. Italy/Spain downgrade and US Budget Impasse II.



Fri, 06/24/2011 - 10:07 | 1398275 RobotTrader
RobotTrader's picture

Yep, first sign of trouble in Europe.

What do do?, What to do??

Sell gold.

Fri, 06/24/2011 - 10:05 | 1398280 Bohemian Clubber
Bohemian Clubber's picture

I am no specialist but would conclude the contrary amigo

Fri, 06/24/2011 - 10:18 | 1398312 lieutenantjohnchard
lieutenantjohnchard's picture

you recommend sell so i buy.

robottrader: fast, dependable, cost effective 1099 processing. serving the greater los angeles area since 2011.

Fri, 06/24/2011 - 10:04 | 1398278 Bohemian Clubber
Bohemian Clubber's picture

But I thought Quantitative easing was not like printing, I mean it is just to re-capitalize the banks via excess reserves right? Why do you people use the word 'printing' like Bernanke is throwing money out of an helicopter?

I agree the government is throwing money out of the window with keynesian stimulus etc but it is different then the FED right? Thank you to clarify, I am new here and a bit confused.


Fri, 06/24/2011 - 10:17 | 1398301 Caviar Emptor
Caviar Emptor's picture

The Treasury borrows money...from primary dealers....with a guarantee to flip to the Fed...at a profit. 

So the US Gov is borrowing from itself. That's Money printing. Can you do that? 

Fri, 06/24/2011 - 10:13 | 1398287 Caviar Emptor
Caviar Emptor's picture

Volume is continuing to nosedive. 

That of course opens the door to volatility (Bots trading around established positions, shaking out weak hands)

And of course means that covert spreads are way wider (thanks to HFT quote stuffing and order flashing)

Which all translates into a tough road to hoe for most traders not using multiple Sparc stations in parallel running neural algos.

Of course just plain cheating is the most effective algo of them all. Hiding in plain sight, camouflaged by tech cover story

Fri, 06/24/2011 - 10:14 | 1398290 Eireann go Brach
Eireann go Brach's picture

Maybe Mc Donalds could fire 30k employees who salt the french fries and then rehire them the following month so it is a positive for the NFP, sounds like Obamanomics to me!

Fri, 06/24/2011 - 10:16 | 1398305 sbenard
sbenard's picture

Michelle Antoinette would be devastated by the loss of the french fries. She proclaimed yesterday that she just couldn't stop eating them.

Fri, 06/24/2011 - 10:18 | 1398297 sbenard
sbenard's picture

Wow! Is this what has caused stocks to fall off the wagon so far this morning?

Fri, 06/24/2011 - 10:22 | 1398330 Greeny
Greeny's picture

Check Silver, it's falling even more..

Stocks, EUR, SILVER usually moves in same direction,

so when you cheering Stocks fall, don't forget count your

loses in PM holdings as well. Silver lost $2.40/ oz so far

since 2 days ago.

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