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A Market Gone Vertically Wild

Tyler Durden's picture




 

It seems wherever you look today, markets are going vertical. Whether its Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the most wonderfully linear manner - the market has gone a little wild today...

 

and the month of December for financials...

 

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Tue, 12/18/2012 - 12:56 | 3075042 AynRandFan
AynRandFan's picture

Gold down and insider selling way up.  The smart money seems to be betting on deflation, despite QE4vr.

Tue, 12/18/2012 - 12:57 | 3075050 stant
stant's picture

theres a market?

Tue, 12/18/2012 - 12:57 | 3075054 punxsutawney phil
punxsutawney phil's picture

get your gold puts while you can.  stops below 1670

Tue, 12/18/2012 - 12:57 | 3075055 Bastiat009
Bastiat009's picture

Who will cross 1500 first? S&P or gold?

Sat, 12/22/2012 - 15:26 | 3089855 MeelionDollerBogus
MeelionDollerBogus's picture

I think you're not quite on with your math. The S&P is heading down to 1150, not up. Gold is heading up to 2400. Yes, it will dip to 1600. 1556 is the lowest low.

1500 is not happening.

See it here.

goldpricemodel 2013 projection

goldpricemodel 2013 roc 52-week

gold 52 week ROC 1980 to 2011

 

Tue, 12/18/2012 - 12:59 | 3075062 Frank N. Beans
Frank N. Beans's picture

add gun manufacturers to the list of today's tankers thanks to Cerebus pulling out.

since i bought both rgr and swhc yesterday, this is a big ouch

buy more?

Tue, 12/18/2012 - 13:02 | 3075076 punxsutawney phil
punxsutawney phil's picture

why not?  double down

Tue, 12/18/2012 - 13:02 | 3075079 unrulian
unrulian's picture

why will people never learn......don't buy paper guns, buy physical guns

Tue, 12/18/2012 - 13:05 | 3075084 Aurora Ex Machina
Aurora Ex Machina's picture

      Cerberus, the fierce and strange monster, triple-throated, barks dog-like over the people submerged in it. His eyes are crimson, his beard is foul and black, his belly vast, and his limbs are clawed: he snatches the spirits, flays, and quarters them. The rain makes them howl like dogs: they protect one flank with the other: often writhing: miserable wretches.

      When Cerberus, the great worm, saw us, he opened his jaws, and showed his fangs: not a limb of his stayed still. My guide, stretching out his hands, grasped earth, and hurled it in fistfuls into his ravening mouth. Like a dog that whines for food, and grows quiet when he eats it, only fighting and struggling to devour it, so did demon Cerberus’s loathsome muzzles that bark, like thunder, at the spirits, so that they wish that they were deaf.

Tue, 12/18/2012 - 15:11 | 3075508 catacl1sm
catacl1sm's picture

Epic of Gilgamesh, right?

Tue, 12/18/2012 - 15:42 | 3075655 Aurora Ex Machina
Aurora Ex Machina's picture

I'm too young to have seen you post before, so can't tell if you're being sarcastic or not.

 

It's Dante's Inferno, Cantos VI, the third circle of hell; where gluttony is punished. Thus, there's a bit of a pun in there as well as the meta-comment on Cerebus exiting the armament business towards the poster who bought gun stocks just yesterday:

 

"A glutton for punishment".

Tue, 12/18/2012 - 13:02 | 3075073 Bastiat009
Bastiat009's picture

The euro is killing gold today. Socialism always wins in the end. Look at what happened to the world after the Berlin wall fell. Socialism spread all the way to the US.

Tue, 12/18/2012 - 13:02 | 3075078 Element
Element's picture

Are you trolling? Bit of Cog Dis?

Tue, 12/18/2012 - 13:07 | 3075090 Bastiat009
Bastiat009's picture

Somebody has to dissent. It's not good to always hear that you're fantastic and beautiful especially when you're not. 99% of the people here believe that gold will go up forever even when it's being killed by the crappy euro. It's good to be reminded of what is happening in the real world sometimes.

Tue, 12/18/2012 - 13:08 | 3075093 Element
Element's picture

fine, carry on

Tue, 12/18/2012 - 15:02 | 3075174 fuu
fuu's picture

"Somebody has to dissent."

Why? You just said collectivism wins everytime.

Tue, 12/18/2012 - 15:15 | 3075522 Bastiat009
Bastiat009's picture

I will also say that Obama was elected twice even if I think he is a terrible president, making the previous one look ok. Arguing facts is a waste of time and energy.

Sat, 12/22/2012 - 15:22 | 3089852 MeelionDollerBogus
MeelionDollerBogus's picture

Are you blind?

This chart is clearly the Euro being spanked by gold valuation. Gold up, euro down. Just to see a single big decline needs a zoom-in to the most recent 60 days. That's silly nonsense you're spouting. In 5 years the gold price is up nearly 14.9% compounding every year for 5 years. That's the EURO getting spanked, not gold.

Tue, 12/18/2012 - 13:21 | 3075127 TWSceptic
TWSceptic's picture

Please remove that anarchy symbol as you're not an anarchist.

Tue, 12/18/2012 - 13:31 | 3075172 Orly
Orly's picture

You're not a cute, fuzzy Bear.

Tue, 12/18/2012 - 15:12 | 3075513 Bastiat009
Bastiat009's picture

Are you saying that socialism has not spread to the west? Well, maybe Obama and Bernanke are hard-core free-market lovers after all and all that rate manipulation, car-maker nationalizations and bank bailouts are very good examples of free-market capitalism. My bad.

Sat, 12/22/2012 - 15:18 | 3089846 MeelionDollerBogus
MeelionDollerBogus's picture

socialism is not spread by the west AND it isn't anarchy. The west is spreading fascism, the Mussolini plan, merging corporation & state.

What Is Fascism?

Tue, 12/18/2012 - 13:05 | 3075085 realtick
realtick's picture

CFPGH Continues To Correctly Call The Gold Market

http://chartistfriendfrompittsburgh.blogspot.com/2012/12/cfpgh-continues...

and TF Metals is worthless

Tue, 12/18/2012 - 13:30 | 3075166 Papasmurf
Papasmurf's picture

Bernanke will stop printing ponzibucks.  That's a negative for gold.

Sat, 12/22/2012 - 15:16 | 3089845 MeelionDollerBogus
MeelionDollerBogus's picture

pffft

You call that correctly calling the gold market? Try this on for size.

goldpricemodel 2013 projection

goldpricemodel 2013 roc 52-week

2011 dec 27 gold 01 | goldpricemodel | 277 week ROC visual confirmation

2012 apr 25 gold 277 week ROC -goldpricemodel

2012 06 18 277week roc 02 goldpricemodel 2011 Jan to 2012 Dec 28

& comparisons, 2012 09 18 277week roc 01 | goldpricemodel - http://stks.co/nAfJ vs 2012 11 05 277week ROC -goldpricemodel

and there's a whole video series for 2010.

I stopped with the videos because Youtube nails anything with a copyright flag on a whim & I'm more about the slides/charts not some video which is just a slide-show.

Tue, 12/18/2012 - 13:05 | 3075087 q99x2
q99x2's picture

It's breakfast time here in lazyitisville. Are food prices going up? I'm hungry.

Tue, 12/18/2012 - 13:07 | 3075092 Hedgetard55
Hedgetard55's picture

Stox, bonds, commodities, all have had trillions of freshly printed fiats thrown at them. where did you expect them to go? Down?

Tue, 12/18/2012 - 13:09 | 3075099 tooriskytoinvest
tooriskytoinvest's picture

MORE TAXES, MORE DEBT: TAXES GO UP ON RICH NOW, CUT SPENDING LATER.  USD FREEFALLING! ANOTHER US DEBT DOWNGRADE IMMINENT?

http://investmentwatchblog.com/more-taxes-more-debt-taxes-go-up-on-rich-...

Tue, 12/18/2012 - 13:08 | 3075100 firstdivision
firstdivision's picture

FB is ripping the tits off the people that trade by actual fundamentals.

Tue, 12/18/2012 - 13:11 | 3075107 ekm
ekm's picture

It's all an "insect trap".

Anybody deeply into stocks and crude oil only got in, but they can't get out.

 

The market and crude can only and only go higher BY FORCE until 1 or 2 guys literally collapse. Get used to this.

 

Sit back, watch soccer or football and wait for booooooooooooooooooom.

Tue, 12/18/2012 - 13:10 | 3075108 buzzsaw99
buzzsaw99's picture

anyone who says gold is going down is a troll [/snark]

Tue, 12/18/2012 - 13:11 | 3075110 Element
Element's picture

Hmm ... synchronised reverse .... looks like the algos just realised everyone's watching ... this thing is feeding off itself.

Tue, 12/18/2012 - 14:11 | 3075308 Aurora Ex Machina
Aurora Ex Machina's picture

One can even set up quite ridiculous cases. A cat is penned up in a steel chamber, along with the following device (which must be secured against direct interference by the cat): in a Geiger counter, there is a tiny bit of radioactive substance, so small that perhaps in the course of the hour, one of the atoms decays, but also, with equal probability, perhaps none; if it happens, the counter tube discharges, and through a relay releases a hammer that shatters a small flask of hydrocyanic acid. If one has left this entire system to itself for an hour, one would say that the cat still lives if meanwhile no atom has decayed. The psi-function of the entire system would express this by having in it the living and dead cat (pardon the expression) mixed or smeared out in equal parts. It is typical of these cases that an indeterminacy originally restricted to the atomic domain becomes transformed into macroscopic indeterminacy, which can then be resolved by direct observation. That prevents us from so naively accepting as valid a "blurred model" for representing reality. In itself, it would not embody anything unclear or contradictory. There is a difference between a shaky or out-of-focus photograph and a snapshot of clouds and fog banks.[source]

 

Please note: the observers of the algos cannot be you, the market viewer. It's whatever measures them.

Tue, 12/18/2012 - 15:44 | 3075632 Element
Element's picture

 

 

"Please note: the observers of the algos cannot be you, the market viewer. It's whatever measures them."

I/we observe sync moves taken by algos, I/we take decorrelated biased moves in response, algos sense change in sentiment because I/w have been watching their operations, so algos sync change bias with respect to I/we, so I/we see this and ... etc.

everyone else understood plain-english without coaching or spoon-feeding

friendly tip; be careful who you go second-guessing around here, or you will get spanked

Tue, 12/18/2012 - 15:50 | 3075680 Aurora Ex Machina
Aurora Ex Machina's picture

Analysis of an actual experiment found that measurement alone (for example by a Geiger counter) is sufficient to collapse a quantum wave function before there is any conscious observation of the measurement.[7] The view that the "observation" is taken when a particle from the nucleus hits the detector can be developed into objective collapse theories. The thought experiment requires an "unconscious observation" by the detector in order for magnification to occur. In contrast, the many worlds approach denies that collapse ever occurs.

 

I was providing the Contrarian Copenhagen response; partly for humour, partly to suggest that the market interaction between human<>algo doesn't fit the traditional "Schrödinger's Paradox". I'm also fairly certain that many here understand HFT far more than I, yourself included.

 

No spanking required, I shall collapse away.

Tue, 12/18/2012 - 13:15 | 3075120 tuttisaluti
tuttisaluti's picture

It seems to be a ABC correction in the PM's. Then comes the big wave III up.

Tue, 12/18/2012 - 13:18 | 3075130 Smuckers
Smuckers's picture

I think they should change the NASDAQ bell to a Family Feud buzzer and have Steve Harvey press it every day.

Tue, 12/18/2012 - 13:25 | 3075149 stateside
stateside's picture

The Wall Street boys cringe everytime the "gold is up 10 years straight" ad is played.  In their sick minds they think if they could knock gold just enough (even if it's just .0001%) for a loss for the year, everyone would then line up to buy their worthless paper derivative crap and sell their gold.  Almost there.

stateside

 

Tue, 12/18/2012 - 13:26 | 3075151 razorthin
razorthin's picture

Sick fukks.  This isn't even amusing.

Tue, 12/18/2012 - 13:33 | 3075176 Element
Element's picture

let's do the hot money slosh ... pretend we're 'investors' ... demented ... algo orgy on crack

Tue, 12/18/2012 - 13:27 | 3075156 yogibear
yogibear's picture

Bubble Bernanke and Fed money printers along with the primary dealers are manipulating the markets. All I know is when I go to the grocery store or out to eat it's costing me a lot more now. Also gasoline has almost doubled. 

Money printing and asset bubblization is having an inflationary effect which the government omits from it's data when calculating inflation.

Just like the government omits those people that fall off unemployment insurance in the stats,

Expect even more rigging and manipulation to make everything look the way they want.

 

Tue, 12/18/2012 - 13:31 | 3075171 lemarche
lemarche's picture

FUC.ING ALGOS STOP CHASING !! OR IS IT BOEHNER STATING THAT THERE IS NO DEAL THAT IS BULLISH???

Tue, 12/18/2012 - 13:36 | 3075183 DavosSherman
DavosSherman's picture

"Financial Cliff" talks up ='s gold down: market up.

Tue, 12/18/2012 - 13:46 | 3075215 Godisanhftbot
Godisanhftbot's picture

 I feel your pain

Tue, 12/18/2012 - 13:47 | 3075217 lemarche
lemarche's picture

ALGOS OR INSIDERS FRONT RUNNING THE MARKET : GREECE OUTLOOK UPGRADED TO STABLE........

Tue, 12/18/2012 - 15:08 | 3075491 Jumbotron
Jumbotron's picture

Kill switch coming for evil algos......yeah right.

 

http://www.cnbc.com/id/100324817

Tue, 12/18/2012 - 15:32 | 3075610 setter3
setter3's picture

Billions flowing into Primary Dealers accounts with no offset from treasury sales.

Tue, 12/18/2012 - 15:42 | 3075660 sixbilliondollarman
sixbilliondollarman's picture

These markets are such a SCAM...today, when I woke up & saw these moves well, I wanted to close trading account and sell drugs.

I don't know anything yet about selling drugs but, it seems safer, more stable and easier to predict  those markets then the Ben Corzine Wassendorf markets here [plus I can listen to Miami Vice music selling drugs & drive a cool VW Thing in Miami like Glen Fry].

BTW: see silver down today? Try to buy some Silver on Craigslist! You'll find there & the pawn shops have ZERO for sale...yet- they're always buying! [at good prices*]

Watch Mainstreet for truth...bet fantasyland wall street as a joke if you can afford it.

This shit can't last forever...there's no more retail traders [muppets] out there anyways are there [with $$$ & are stupid]????!!!!

 

http://www.youtube.com/watch?v=4Nfvyny_yBk

Sat, 12/22/2012 - 15:10 | 3089839 MeelionDollerBogus
MeelionDollerBogus's picture

Pawn shops I went to offered only 57% of spot for maples. Silver maples. I had no intention to sell but I wanted to know how low they'd go. They always pretend they'll melt but for Eagles & Maples that's bullshit. It's as pure as pure gets, there's no point in melting again.

Tue, 12/18/2012 - 15:49 | 3075688 Mad Mohel
Mad Mohel's picture

When you owe the loanshark and have nothing of value he asks you to sweeten the pot on whatever you do offer. "Hey China, the best we can do is do a hit job on PMs, so you can buy in at a better price." It's a motherfuckin con job by a bunch of junkies trying to buy time.

Tue, 12/18/2012 - 16:04 | 3075769 orangegeek
orangegeek's picture

Gold and silver are the warning shots.  Euro, Pound and C-Dollar are off to new highs and the US Dollar is at a new low - the Yen is already in free fall.

 

When the US Dollar turns up, US markets and commodities will be in free fall.  And what will start this?  The freefall of the Euro, followed by Pound and then C-Dollar.

 

SP500 Weekly is still correction from the fall in October.

 

http://bullandbearmash.com/chart/sp500-weekly-closes-channel-support/

Tue, 12/18/2012 - 19:22 | 3076643 suckerfishzilla
suckerfishzilla's picture

The only way the price of PM's can go up forever is if Uncle Ben keeps printing money forever. 

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