Stocks In Gold Down As Latest Stock Ramp Again Fails To Offset Purchasing Power Loss

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Tue, 10/05/2010 - 10:39 | 625825 Rusty Shorts
Rusty Shorts's picture

I'm a Rocket Surgeon, split neutrons in my spare time, fucking aye.

Tue, 10/05/2010 - 10:42 | 625836 Dr. No
Dr. No's picture

Split neutrons?  I kill neurons in my spare time!

Tue, 10/05/2010 - 11:03 | 625910 Azannoth
Azannoth's picture

I shit quark plasma !

Tue, 10/05/2010 - 12:09 | 626128 LowProfile
LowProfile's picture

I compress real particles out of the virtual quantum soup!

Tue, 10/05/2010 - 13:47 | 626478 doolittlegeorge
doolittlegeorge's picture

and no one can stop us now cause we're PARTICLES bitchez.

Tue, 10/05/2010 - 12:00 | 626110 Turd Ferguson
Turd Ferguson's picture

Well...it looks like the EE has seen enough for today. They've made their first capping efforts up near the high of the day. $1340 appears to be the latest "Maginot Line" for them. Expect it to work, for a few days anyway. Wouldn't surprise me if we've seen the highs for the week. Stay nimble!

Tue, 10/05/2010 - 15:22 | 626951 EscapeKey
EscapeKey's picture

Yeah, but have you seen the move in Silver? Up over $1 today, closing in on 5%.

Oh, and Gold just - finally - broke and is sitting @ $1,341.35 atm. Let's see if it lasts.

Tue, 10/05/2010 - 15:50 | 627058 Turd Ferguson
Turd Ferguson's picture

Yep, the EE is trying but gold sure looks like it wants to take a run up at 1350. Maybe happen overnight? Still, if it does, you can bet your ass a bunch of fresh, new paper shorts will come out to attempt to bang it back down tomorrow am NY time.

The employment report has all the trappings of a fuck job at this point. Just like last December. Everybody got sucked in to gold and out of the $ and, lo and behold, the Dec employment number came in a little better than expected. The $ began a huge rally and gold went into the shitcan. May not happen Friday but I can't get that old feeling out of my head.

Tue, 10/05/2010 - 12:14 | 626146 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

Nuf said. bitch

Tue, 10/05/2010 - 12:21 | 626168 pan-the-ist
pan-the-ist's picture

ez

Tue, 10/05/2010 - 13:48 | 626483 doolittlegeorge
doolittlegeorge's picture

i like "beach" myself.

Tue, 10/05/2010 - 10:40 | 625830 snowball777
snowball777's picture

Never mind gold, check out the affordable cousin...

http://www.goldsilverbullion.com/WCMdesign/BullionPICs/BullionDetailPics...

+$20.5 +3.7%

Tue, 10/05/2010 - 10:54 | 625875 gwar5
gwar5's picture

I thought you meant silver, you got palladium! It's rocking right now!

Tue, 10/05/2010 - 11:09 | 625936 truont
truont's picture

"Who let the bugs out?--Who let the bugs out?"

http://www.youtube.com/watch?v=1uaPs8sxqB0

 

Tue, 10/05/2010 - 12:20 | 626166 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

uncle AL, let the dogs out.

Tue, 10/05/2010 - 12:11 | 626133 LowProfile
LowProfile's picture

Make sure you trade to gold when the time looks right.  It's pretty, but it ain't money.

Tue, 10/05/2010 - 10:45 | 625832 truont
truont's picture

Basicaliest: stocks ramp, gold ramps more.

For further explanation, a picture is worth a thousand words:

http://steadfastfinances.com/blog/wp-content/uploads/2010/07/Historical-SP-500-to-Price-of-Gold-Ratio-1900-to-2010-credits-Zero-Hedge.jpg

When will gold top?  About when the SP500/gold ratio hits the red line.  It may dip below that though.

 

Tue, 10/05/2010 - 10:52 | 625870 gwar5
gwar5's picture

Thanks for the chart - nice one

Tue, 10/05/2010 - 12:22 | 626175 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

boy, gold up almost 23. dollars. isn't that a pretty big per¢age?

Tue, 10/05/2010 - 13:49 | 626490 doolittlegeorge
doolittlegeorge's picture

taking out a Fed Chairman.  Gives you a woody, doesn't it.

Tue, 10/05/2010 - 13:25 | 626415 Biosci
Biosci's picture

Can you re-post that on a log scale?  Looks like going down to the red line suggests ~ a tripling in price (holding SPX constant).

Tue, 10/05/2010 - 10:43 | 625843 Species8472
Species8472's picture

basicalier!!

Tue, 10/05/2010 - 11:07 | 625932 Whatta
Whatta's picture

"basicalier" "Basicaliest"

 

I think I sprained an eyeball.

Tue, 10/05/2010 - 10:45 | 625844 fiftybagger
fiftybagger's picture

Stíbrná Fenas!!!!!!!!

Tue, 10/05/2010 - 10:47 | 625854 lsbumblebee
lsbumblebee's picture

This is such a laugh. Gold is on a torrid pace today so they have to continue to ramp equities up ever higher.

Tue, 10/05/2010 - 11:09 | 625935 hedgeless_horseman
hedgeless_horseman's picture

GS, not so much.  For a good time, ask why GS has been far less volatile than the herd.

Tue, 10/05/2010 - 11:28 | 626008 lsbumblebee
lsbumblebee's picture

Maybe Lloyd figured he didn't want to make it look too obvious. Then again, when did that ever matter?

Tue, 10/05/2010 - 10:48 | 625855 Ragnarok
Ragnarok's picture

Is there any chance we could get a historical chart of this since the S&P peak in 2007 to present?

 

Does anyone know where a layman can create charts like this?

 

Thanks

Tue, 10/05/2010 - 10:50 | 625858 firstdivision
firstdivision's picture

TD,

 

How broken are the AUD/JPY and 30's10's2's correlations?

Tue, 10/05/2010 - 11:14 | 625957 Tyler Durden
Tyler Durden's picture

Very

Tue, 10/05/2010 - 12:12 | 626138 Hephasteus
Hephasteus's picture

Exibiting signs of bustification.

Tue, 10/05/2010 - 12:25 | 626180 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

bitchification

 

bitchaliest

Tue, 10/05/2010 - 10:51 | 625863 wagefreedom
wagefreedom's picture

basically, basicalier, basicaliest......hey look at you conjugating insanity!!

Tue, 10/05/2010 - 10:52 | 625865 JJ McApe
JJ McApe's picture

The price of Gold wil be  $1337 soon!!!11

Tue, 10/05/2010 - 10:54 | 625876 MsCreant
MsCreant's picture

NOW!

Tue, 10/05/2010 - 10:58 | 625892 fuu
fuu's picture

1337.10

I wonder if the elite masters get the joke.

Tue, 10/05/2010 - 11:58 | 626106 Cognitive Dissonance
Cognitive Dissonance's picture

$1,340

And yes, they get the joke because the joke's on us, the so called middle class worker bees. Don't believe for a second that the elites are not buying Gold. They are and as much as they can in physical form. This will eventually become obvious.

Tue, 10/05/2010 - 13:17 | 626291 WaterWings
WaterWings's picture

And everyone I know will not be thankful I told them so, over and over and over and over again.

---

With a buddy in a typical, large sports bar section of a family restaurant yesterday. Manager enjoying food a few seats away explains, in what seems to be a routine for him, that his bartendress graduated last year in econ.

My "glee" sets in.

She comes to drop off the updated tab (happy hour) and I refrained from asking why daddy's little girl graduated from a glorious state school with such a fancy degree yet is (un)employed serving alcohol. Instead I gave her the false choice ambush: "So, is Greenspan a traitor or simply an old baffoon?"

Yep. Daddy's girl. She doesn't give a shit about econ and doesn't know what I'm talking about. A nation of slaves.

Tue, 10/05/2010 - 15:14 | 626912 Cognitive Dissonance
Cognitive Dissonance's picture

Ignorance is bliss.

And intelligent and well educated ignorance is even more blissful.

Tue, 10/05/2010 - 10:52 | 625867 redarrow
redarrow's picture

You may not be able to eat gold but you will always be able to eat if you sell it.

With paper you may eat today but you will may not be able to eat someday soon.

I just dont know how the Fed is able to get away with this magnitude of money printing, its a wonder really. Let alone contemplating the next round of QE.

Tue, 10/05/2010 - 10:52 | 625868 GoinFawr
GoinFawr's picture

"...even basiclier...",

thanks a lot Tyler, that's another notebook destroyed by 'misting with coffee'. Luckily, thanks to 'deflation', they are a dime a dozen these days; the espresso on the other hand...oh well, at least ZH is doing its part to keep us consuming and the economy, uh, recovering.

Regards

Tue, 10/05/2010 - 11:01 | 625905 Cognitive Dissonance
Cognitive Dissonance's picture

"...even basiclier...",

Tyler has me running to my dictionary at least once a day, but I didn't even reach for it this time. Too funny.

I reserve the right to use it in future articles. Of course, with proper attribution to Tyler.

Tue, 10/05/2010 - 12:30 | 626193 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

oops, my computer is on delay.

Tue, 10/05/2010 - 13:53 | 626503 doolittlegeorge
doolittlegeorge's picture

have you been bounced around yet?

Tue, 10/05/2010 - 14:28 | 626698 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

I don't understand some of your replies. I understand water wings is har ass ing me. what are you doing?

Tue, 10/05/2010 - 10:52 | 625869 Barry McBear
Barry McBear's picture

Can anyone suggest a good ratio of ES to GC to trade this?

Tue, 10/05/2010 - 10:54 | 625873 RobotTrader
RobotTrader's picture

Gold and equities are the same trade.

Both are "Risk Assets".

Gold bugs should be rooting for Dow 14,000.

And stock bulls should be rooting for $1,500 gold.

All these gold bugs cheerleading for a crash in the economic system are fools.

 

Tue, 10/05/2010 - 11:02 | 625906 UnRealized Reality
UnRealized Reality's picture

I would have to agree. IF Gold is going to be a 1:1 ratio

I'll take Dow 36,000

Tue, 10/05/2010 - 11:02 | 625908 uberfinch
uberfinch's picture

The difference, Robo, is that people aren't buying gold for risk or speculation.  They are buying gold because they are scared and want to avoid risk.  I am highly skeptical that a collapse in the market will do much other than make a slight dent in gold value.

Tue, 10/05/2010 - 14:21 | 626666 doolittlegeorge
doolittlegeorge's picture

you misunderstand Robo.  he said the gold bugs should WISH for Dow 14,000.  And of course he is correct.

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