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Market Down Only 1.5% Priced In Gold
The market as we know it, is now finished. As of last night, stocks are nothing but a policy tool, controlled exclusively, and very much legally and with no legislative control, by Ben Bernanke. The Federal Reserve has rendered the economy irrelevant. We hope America enjoys paying $10 for a loaf of bread shortly.
In the meantime, the market closed down 1.5% priced in gold, which closed $7 dollars short of $1,400. Next stop: $10,000.
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Bread, bitches!
I prefer donuts. Mmmm... donuts.
old-fashioned sourdough are best, huh Homer?
Whee!
And look at silver go!
Well over $25.50 for quite some time now. Margin calls anyone?
Yanking a wad of Fed Notes out of the bank right after work. Waiting for delivery of a couple more pounds of silver. Tequilla celebration tonight.
NOM 1420 Tequila Reposado - Reseva de Don Ramon anyone?
Only 6 months to Cinco de Mayo
+ $1380 re pulling some dough out of the bank on the way home.
+ $26 re buying more silver.
...
I saw a little while ago that platinum was up a big $77 / oz.
The Noble I wear around my neck has got me thinkin....COACH BAG, BITCHEZ
I wanna experince, in time, the feeling of walking into a Harley dealer...flipping them one coin...and riding away.
I wonder what they would do? ;-)
give you change
ahahahaah....that was funny!
If you own gold.
...And you realize the coin you flip is 1/4 of an ounce.
We will experience soon, why all immigrants have run us over the last 30 years, where should we go from here, with only one citizenship!
I did not know you were a member of the indigenous population TJ, cool. So which nation are you?
Anyone know why Financials exploded in the last hour?
It's Thursday.
because they did not adequately participate in the ramp-up to the ramp-up. need to keep up appearances.
Get this....the Fed will allow the "stronger" banks to start paying out more dividends.
Thanks guys!
Healthy Banks May Be Allowed to Boost Dividendshttp://www.cnbc.com/id/40012739
The Federal Reserve may soon allow healthy banks to increase dividend payments to stockholders, according to a report from the Wall Street Journal Thursday.
Federal regulators, sources told the Journal, are likely to shortly announce the criteria, including specific capital standards, banks must meet for dividend increases.
Despite a seeming willingness to increase dividend payouts, many banks have had to delay such payments until they are cleared for compliance with a number of new financial regulations passed in the last year, including the United States's Dodd-Frank Act and a series of global capital rules known as "Basel III."
Clearances to up dividend payouts would likely be seen as a sign of improvement in the financial sector, sources told the Journal.
"It signals that the health of the system has improved and will continue to improve going forward," said Todd Hagerman, an analyst with Collins Stewart.
Meanwhile, Government Motors gets a 50 billion dollar tax break...it almost makes sense...to a bureaucrat...LOL.
http://online.wsj.com/article/SB10001424052748704462704575590642149103202.html
WSJ report that FED is going to allow "healthy banks" to pay dividends again.
Good for 5% on BAC. Fraudclosure, not writing down 1 penny in Countrywide goodwill ($4.4B), all rendered redundant.
After all today is WORLD RALLY DAY. One wonders if this will be a one hit wonder, or an annual thing (rhetorical).
If the Fed wants to run this show longer they are going to have to force disgorgement of bank profits to a wider ownership class. That means M&P w/ 401ks. Yeah, I know the *average* american has no ownership and is on foodstamps; that is THEIR haul of the free money chopper drop.
The mere "upper middle and lower upper" classes, who have seen the biggest squeezes in all this need to be placated, because they will start electing TP people
Yep, because as Fitch downgraded banks and mortgage as well as commodities manipulations finally come into full light, Ben the Banker came in and said banks showing Basel and Dodd-Frank "compliance" (his version of "strong bank") can raise dividends.
Just another fucked up intervention by the all mighty one.
Robert Prechter sold out his subscribers. He told them to short just three weeks ago.
He told his institutional people, (GS and JPM), it's set up to burn them now. Short Covering in play.
How about the Fitch downgrade on their paper, hmmm. The FED bought it all. LOL
I'm starting to wonder that myself. He didn't account for gold for oil trade when evaluating the gold and silver market, and is not accounting for the Zimbabwe Ben factor now.
Although, his short term update called for one last spike in equities, completing wave 5 of a larger ending wave.
Technially, the market sure has gone a long way in a short time without any pullbacks. Strange.
EW is a joke. Prechter and all the deflationists were completely fucking wrong.
Gold has gone so high that Douchinger shut down the part of TF devoted to PMs.
So his hypocrisy and cowardice in the face of gold is now complete.
Fuck you, Herr Fuhrer Karl.
yeah, like a good german first he put PM chat in its own ridiculed ghetto before enacting his "final solution"....
Actually the deflationists are right so far, they just used the wrong money as a metric.
Prechter = Yale = Skull+Bones
Becuase someone bought like 126k jan calls and sold the same dec calls of a financial etf.
TD, call up the boys at FastMoney and ask them to point this out on their show tonight.
Right.....like this fact ever sees the light of day.
Excellent observation!
The Turd is with us, we can all be sublime.
May the Turd be with you.
And with you.
[monotone chant]Lift up your hearts.
We lift them up to the Turd.[/monotone chant]
Hey can you hit the <HELP> key for an explanation? Personally I'd love one.
$10K you say?
BRING IT ON!!!
Could be 100k. In a year or 2, we may be holding signs that say "Trillionaire--will work for food!"
Yeah, but we're gonna be fine right? OOOH excuse me, I think I just passed a skittle.
That's incredible. That the DOW could go up triple digits and actually lose ground in real value. That about says it all.
That's why I don't like this market at all. It means nothing when any paper value can be disappeared at the whim of the Fed.
Fed is playing chicken with the world.
What's worse is that it will.
Why is Tim Geithner meeting with Jon Stewart?
http://bighollywood.breitbart.com/jjmnolte/2010/11/04/treasury-sec-geith...(Big+Hollywood)
So they can practice Q and A before the "live" programming begins.
"Next stop: $10,000."...
i got shotgun...
and i really got shotguns too...just saying...
Salute Comrades n physical Gold & Silver......
+590
+870 ;)
+887 Nitromag
+Begium made light 5 auto 12
+ M1 Super 90
wooooooooooOOOOOOOOOOOOOOOOOO!
I can comment without having to do math, this would have taken me quite some time having had some drinks
What a painful day
Drone, your day will come soon enough!
I personally don't know why she's bitching. Dow up, gold up (>DOW), oil up - everyones a winner. I really like this casino! Everyone's playing with the house's money....wheee!
u sir are a troll. probably lost your shirt today huh?
and you are obviously a Pelosi Democrat - can't stand it when somone disagrees with your distorted view. By the way, I'm female, something else you're obviously unfamiliar with...
I have woke up with a few girls that looked like you...
Or REALLY needed a bag....two...one to puke in...
Last night I came in at 2 with a 10 and at 10 I woke up with a 2. Willie Nelson
That would explain the stump.
He is a troll like my gut hangs out.
on the internets everyone is a 12 year old girl....
And you are obviously a fucktard who can't back up their own distorted view with something akin to a fact or relevant point, but still likes to climb on the high-horsie anyway.
I bet you like to clear brush too.
Tell me, how do your farts manage to escape when you have your head so firmly embedded in your own rectum?
Tyler: "funny...like what u mean i'm funny?"...
like, funny like a clown kind of funny? i mean , i just want u to explain what u mean when u say i'm funny"...
Whack41:"eternally bearish towards whatever and totally wrong sided for the entire time I've read this hilarous blog."...
no ur funny dude
Well I remember lots of solid arb calls, and at least one timely call in buying PIIGS CDS's. And not to mention lots of discussions on precious metals. And not one call to short stocks - only to avoid the gamed market.
Guys like you don't get it. Sure your stocks might be up for the moment - but what next? How will this end? How's the long-term economy impacted?
For me, I'm sad my silver went up 6%.
Me too, Trader Joe, me too....
"For me, I'm sad my silver went up 6%"
Me too, my exact sentiment. Worried that my silver gained so much today. The implications of the upward explosion does not justify the profits for any sound minded person.
Some of you are so caught up in the excitement of individual profits off the PM's but do you really know what the end game is?
A lot of people will be hurt by this. Jus sayin'.
but you won't be one of them.
Once you make peace with the inexorability, you will begin to realize why my bedside manner is so abrasive and why I don't appear to care to "educate people." Not everyone can be saved. Even Noah tried.
What is coming cannot be stopped. If you can get off the tracks, do so. Do you hear that, Mr. Anderson? It is the sound of inevitability. It is the sound...of your death.
You are already caring too much by responding Trav, I wouldn't bother with 'metarzanujane', he's only playing a role. Likely, all the silver he owns is in his hair, so the only thing that makes him nervous about losing it is 'Grecian Formula'...
+1000 for timely Matrix reference.
Yes, the light IS a train!
What about the larger number living at a permanent disadvantage up to now?
Surely you can appreciate that the excesses American imperialism delivered to its people had to come from someone else?
Regardless, we will all be able to compete on an even footing after "this", which will be, on the surface, a step down for the West, and a step (or two) up for everyone else. It's called the bigger picture.
you don't get laid much do you (well, unless you pay for it).
That was harsh and reaming.
I like it.
I don't know about TD's money, but suspect his PM holdings have done quite well -- I know mine have.
After all the only thing that is important is how much money you made in the market.
$10 for a loaf of bread "shortly".
Well now, there's the proverbial rub; what EXACTLY do you mean by SHORTLY?
I am paying about $1.89 right now. To see if this place is one of hyperbole only, I will check in every week with the price I am paying for a loaf of bread.
Would someone please tell me when I'll be paying $10? My guess is this is just a gross exaggeration to make a point of the inflationary pressures of QE II, but to be honest, all of this hyperbole is starting to get absurd.
How about an honest assessment and prediction concerning commodity prices; value and time.
Anyone?????
Bread flour in the shops has risen over 100% in the last few weeks
It really depends on how long stores will let inflation eat into their margins before they pass the cost along to their customers.
Grocery stores and pharmacies in my area are already raising prices and not taking the hit on basics anymore.
Meanwhile, companies are repackaging products to have less substance inside. Looks similar but you're buying 10%-20% less for same price. Clever.
Think of it as a tax on people who can't divide one number into another.
My honest assessment? Commodity prices are going up
DBA was up big today.
Yes it was, but DAG did double DBA. Different weights?
Dagny, DAG I believe is one of those 2x ETFs, which would explain that big a move.
^^^^^^^^ !!
I would junk ya ..........but I know ya............bwhahahhahahaha
sell the gold bitchezzzzzzzzzzzzzz
Steal what you can and take the rest
arrrrrrrrrrrrrrrrrrr Maties
What kind of bread are you buying? Cause when I go to the store the only bread that cheap tastes like it was made from lint off the floor. Average price for a loaf not made with crap is 5 bucks.
Even making real bread at home is crazy high.4 cups of semolina flour...3.18 plus another couple of cups of cheaper flour to make a huge loaf about 2.25 times the size of a store bought one.Roughly 4 to 5 dollars for actual good bread...homemade!
Food is too high.But eggs are still pretty cheap considering the food value.And friends are raising chickens, which lay eggs totally unlike what you find in the store...they are much healthier.
But yes, 5 bucks minimum for bread....more for excellent bread, unless you make it yourself...which I recommend!
He may be right. Bread will stay at $1.89. The size of a "loaf" will shrink to the size of a dinner roll, but it'll be $1.89.
This game is in full swing already. Check a container of orange juice. That old carton that holds 64oz is still there, but they only fill it with 59oz of juice now and charge thee same price.
holy crap...i'm going to start paying attention to the fill levels of soda bottles. I thought they looked a bit low yesterday at the store...
check this chart.
My bread slices are not only getting smaller, but lighter as well.
Have you heard of hyperbole? It is a logical technique commonly used by folks over 12 with an IQ larger than their pant size.
I'll predict $10 bread in 2 years -- if trends continue. I predict $3 bread by this January.
No shit Sherlock. That's why I specifically mentioned the term in my post. Can you even read?
OK you are on. There have been some good points so I'll not concentrate on the price per loaf, but I'll track the price per ounce.
And we'll see if the inflation is even close to what is being perdicted.
If it is simple hyperbole (yeah, take a quick read and you'll see I have used the word again) then I'll know that this site is not to be taken literally; kind of like CNBC.
If all you have to offer is hyperbole (there's that word again genius) then you have very little to offer indeed. Not that Tyler doesn't offer a lot; I am making a killing in dollar denominated gains based on following his take on the Fed. But if he persists in pontificating about the future using gross exaggerations (maybe an IQ of 8 understands that word) then I'll know to simply disregard his forecasts as being sensationalized for effect.
Why don't you just think critically instead of just hoping that whatever stronger person you latch onto doesn't steer you wrong?
Hey dipshit ... have you ever heard of a "loss leader" ... look it up & educate yourself!!
One of the oldest retail gambits ever, is to sell essential consumer goods at a (loss) discount to lure you into the store, so that you will buy other crap at the regular inflated price.
Typical "loss leader" items include staples such as: milk, eggs, bread, etc.
You are a genius ... NOT !
Now that's a concept - loss leader. Who would'a thunk it?
Now listen, I am not the one calling for a $10 loaf of bread. I am just going to track the cost of bread per ounce and see what happens.
So much crap gets posted here it is becoming a worthless read. If there is to be inflation, I'll be posting it for all to see; if not then ZH needs to own up and stop with all the hyperbole.
I have no idea why this is such a difficult concept except that I may be raining on the ZH parade. What the hell are you guys going to say if after a few months, bread is less expensive?? And try to remember, my only point is that the article states $10 bread "shortly." Hyperbole - maybe. Sarcasm - maybe.
But the majority of postings here call for an inflationary reaction to QE II. As the Zen master has said "We'll see..."
Hope you guys were not waiting on that shipment of blow from Brazil...cause the Port just fell into the freaking ocean.
http://www.youtube.com/watch?v=VJcJVxxAFvY
Holy shit! Is that f-ing real? That's incredible!
It's real, but it happened mid-October. Aftermath here:
http://video.globo.com/Videos/Player/Noticias/0,,GIM1358337-7823-DESABAM...
Beach erosion happens.
What in the heck...Hey 2012 F/X crew: that's what it's supposed to look like!
Learn to swim... learn to swim...
Tool reference?
http://www.youtube.com/watch?v=uCEeAn6_QJo
WTF!?
Makes me think of this:
http://www.google.co.uk/images?um=1&hl=en&client=firefox-a&hs=ZOS&rls=or...
I think we will see more of this
Wow, I feel much better now. Thanks
The USD price of gold and silver going up is not good news, even if you hold the metals. It's zero sum game. It's just a monetary counterweight which represents the price of confidence. The higher the price of gold, the worse off the general level of counterparty risk. This actually looks like a temporary blow-off top to me, and I've been bullish of metals since 1998. I see gold heading back to $1,000 before it hits $1,500 in the near term. Either way you turn, the picture is not pretty.
Most people here know that the fiat experiment has to die before any real good news can start happening.
Good Luck feeding your family based on a printout of your 401K balance.
The idiocy of this plan is remarkable.
Physical PM's, food, arable land, and the means to defend yourself. Nothing else matters.
Again, just a word of warning:
I'm confident that the PMs will trade even higher overnight. Gold maybe to 1401-02 and silver to 26.75. After that, watch out.
There is no POMO tomorrow so stocks and PMs will most likely be subject to profit-taking. Blythe will certainly try to seize upon this, too, so I wouldn't be at all surprised to see gold trade back to 1375 or so and silver back to 25.50
Everything looks great, however. Both weekly charts would be things of beauty. So IF things go "on sale" temporarily tomorrow, don't freak out. Buy more.
Shit Turd, don't go soft on us now.
Actually, that doesn't mean anything at all really, I just thought it sounded kinda funny.
Appy polly logies in advance.
One thing: if TA is capable of illustrating anything at all, does the DXY chart not look particularly pathetic and UNrally-like at this moment (ignoring RSI which has been uselessly in 'oversold' territory for months now)?
Keep your eye on the CAD/USD ratio, unless 'things are different' this time, parity on that pair seems to be a strong support level for USD, and subsequently DXY. (Doesn't like those Canuckistanians getting all uppity)
Warmiest Regards
Is there a trading app that can quote me real time tickers priced in gold? Wouldn't that be cool?
Volume was piss poor today we broke above resistance on average volume. Not what I would call broad participation. This entire rally was built on no volume. When the selling comes and eventually it will come, it's going to hurt bad. This entire market is a house of paper, someone is going to get burned badly, the mentality is shifting to greed, afraid to miss out on the free money.
no volume, so what?
The Fed is buying the market.
We all sit around here and ask how can it be that the only vol is HFT and insiders are selling 2000-1 and there are unabated retail equity outflows yet price continues to rise?
When you have eliminated the impossible, whatever remains, however improbable, must be the truth.
Why is this finally breaking now. I guess the fed pulld all stops until elections and then took a dump on GOP.
Long gold short s+p and leave it on auto-pilot for 2 years. No need to worry about the micro , leave the computers to eat what humans are left trying to take alpha out of this market.
Feels like something big is going to happen soon. So much tail risk out there its not going to be good.
I REALLY like this trade. Thanks
Been working great for me. Days like today I take a little PM off.
The FED is printing billions and some of it is going to get into the hands of the shorts. FEAR will return and there will be bear raids of mythic proportions.
yeah
no one is buying Bernanke's 'virtuous circle' thing. they know that stocks can go down suddenly, by huge amounts. I predict more cashing out by retail and 401K's
The 10 Euro silver German coin has of today 9.22 Euro in silver value. It is simultaneously a put at the face value of 10 Euro.
I picked up more today. They are getting harder to get here in Germany.
They already announced the coins for 2011 would have a lower silver content.
MAPLES!
Been buying French 50 Franc coins myself recently,lovely large Silver lumps,also early Peruvian Sols are nice lookin as well.
Breaker Breaker .. Gold moving upwards as we speak. 10 4. Over and out
http://www.marketwatch.com/investing/future/future-us-gold
Copy that. Keep your eye on the bear in the air, and stay dressed for the ball.
Three's and eights!
A $10 dollar bread might do a good thing for the obese part of US population, just what michelle obama imagined, a strong diet for a strong nation
right now there is no REAL leader of the opposition, so it will be hard to have a real uprising, army and police will stay with the onces who give them food. I can imagine states breaking from the union and having some armed uprisings in the middle of the country, as far as the coastal areas and the ultra liberals next to the ghettos..hmm that could be fun
deleted
Hey Rick,
You read Thomas Chittum at all?
http://www.resist.com/CWII.pdf
In the short run, all the predators-that-be care about is completing the transition of the economy from "[somewhat] free-market" to "elitist command and control". They don't care whether this is Bernanke or Bozo the clown, because they are most concerned with setting a precident that will "seem normal" thereafter.
Arrest everyone in the FederalReserve, try them for fraud, treason, crimes-against-humanity, assassinations, and who knows how many other egregeous crimes... then hang their corpses forever along the main streets of DC as a lesson to anyone who might try such predatory behavior in the future. And while we're at it, try and hang everyone responsible for blocking the "audit the fed" bills.
Thanks TD, this answers my poorly worded question on the Rosenberg piece earlier today.
Hannibal: I see you are checking out Bennie's brain; find out anything interesting?
Nope; nothing to print money over.
Excellent... Price Equities Using That GOLD Deflator
That's how you filter Bernanke noise out of the equities market...
Tyler, you are doing God's work...
DOW/S&P500/FTSE daily and weekly overbought charts are now at an extreme level. Similar extreme conditions were detected before the correction started in mid 2007.
http://stockmarket618.wordpress.com
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