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S&P Futures Plunge To 1-Week Lows; Gold Jumps To 3-Week Highs

Tyler Durden's picture





 

Given FX markets are double-dipping now, it is little surprise that S&P 500 futures open down 16 points from the 1553.5 close on Friday - a one-week low. This is the biggest close-to-open gap down since May 2012. Treasury Futures just opened implying a 1.94% 10Y (-5bps) and 3.16% 30Y (-5bps). And despite the USD strength, spot gold just opened also up from $1591.95 to $1607. The arb against JPY carry is holding stocks for now... only another 8 hours until Europe opens... Over 38,000 contracts have traded in S&P 500 futures in the first 5 minutes ($2.9bn notional) - 30 times the average for a Sunday night... The initial dump was caught by a VWAP reverter but that is fading now... Japan's NKY looks set to open down around 500 points or so given JPY's strength.

 

 

The biggest Close to Open gap in 10 months...

 

Initial massive volume dump for a Sunday night, VWAP algos revert and now fading again...

 

Stocks open down to EURJPY, bounce a little on the catch up from carry...

 

Gold holding above $1605...

 

Treasuries...

 

and for now it looks like Japan's Nikkei 225 will open -500 points or so at around 12,000...

 

 

Charts: Bloomberg

 


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Sun, 03/17/2013 - 18:05 | Link to Comment transaccountin
transaccountin's picture

should be down 30 on the /es, such bs

Sun, 03/17/2013 - 18:20 | Link to Comment machineh
machineh's picture

Ben can close that 16 point gap in the first hour of trading tomorrow.

Sun, 03/17/2013 - 18:28 | Link to Comment Croesus
Croesus's picture

BANK RUN, BITCHEZ!

Sun, 03/17/2013 - 18:31 | Link to Comment flacon
flacon's picture

Gold should be up 10%, to $1,750 at least. 

Sun, 03/17/2013 - 18:56 | Link to Comment fockewulf190
fockewulf190's picture

1 oz. gold bar was selling a few hours ago at €1240. It's at €1267 now. Maples went up by over 40 cents. Going to be an interesting day.

Sun, 03/17/2013 - 20:06 | Link to Comment Say What Again
Say What Again's picture

I've made a copy of the CLOSE to OPEN Gap chart shown above.  What is really interesting is that if you go back to 7/25/11, that was the first time in LONG time that you had such negative gap, and look what happened after that... 

ES went from 1299.25 down to a low of 1035.25.

That's a 20% decline in about 12 days.

This is going to be interesting.

Sun, 03/17/2013 - 18:31 | Link to Comment kaiserhoff
kaiserhoff's picture

Off the lows!

   Lardassicus Muchacha

Sun, 03/17/2013 - 18:43 | Link to Comment Deo vindice
Deo vindice's picture

I like the analysis on ZH. But whenever gold or silver spike over a period of minutes, it's not always news. Many is the time we have seen the spike flatten out and a reversal an hour later.

No one should ever buy or sell PMs on a 30 minute graph.

Sun, 03/17/2013 - 18:49 | Link to Comment James_Cole
James_Cole's picture

Safe to file this under "non-event" atm.

Sun, 03/17/2013 - 18:54 | Link to Comment YBNguy
YBNguy's picture

Whats the spot price for Ammo?

Sun, 03/17/2013 - 19:15 | Link to Comment Being Free
Being Free's picture

"Out of Stock"  :(

Sun, 03/17/2013 - 18:49 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Would anyone be legitimately surprised if there were to be incident with Iran or North Korea right about now?

I'm not saying that there will necessarily will be such an event in the near term, but just highlighting what scummy f*cks the banksters that own the "elected representatives" and "appointed regulators" are and to what horrific degree I'd put nothing past them, and highlighting the extent by which they drive geopolitical "events."

Sun, 03/17/2013 - 18:54 | Link to Comment Tinky
Tinky's picture

Couldn't agree more. And it is the aspect of the impending collapse that concerns me the most.

Sun, 03/17/2013 - 19:05 | Link to Comment Water Is Wet
Water Is Wet's picture

LOL, the Dow is at all time highs and you wankers are circle-jerking to the "impending collapse."  Fucking lulz.

Sun, 03/17/2013 - 19:19 | Link to Comment James_Cole
James_Cole's picture

Nominal only, dow is nowhere near all time highs.

I actually like that pr though, would've worked wonders for Germany in the 20s. "Great economic news; the amount of $ in people's wheelbarrows is at all time highs!"

Sun, 03/17/2013 - 19:13 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Based on that comment we can say that water ain't the only thing here that's all wet

Mon, 03/18/2013 - 02:54 | Link to Comment A Nanny Moose
A Nanny Moose's picture

At least water knows how to flow to the ocean.

Sun, 03/17/2013 - 19:18 | Link to Comment Water Is Wet
Water Is Wet's picture

Oh dear.  I've offended the Zerohedge groupthink.  What ever will become of me?

Sun, 03/17/2013 - 19:25 | Link to Comment Room 101
Room 101's picture

Offended?  Meh.  You'll need to do better than that to offend us. Actually, your post wasn't that bad...reminder that not all is as it seems and to be careful of orthodoxies.  Here or elsewhere. 

Sun, 03/17/2013 - 19:29 | Link to Comment tunnelvizn
tunnelvizn's picture

<Flush>

Sun, 03/17/2013 - 19:33 | Link to Comment Jena
Jena's picture

No, you are just representative of the greater population at large.   Baaaa.

Sun, 03/17/2013 - 19:57 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Now that the Dow is at an all time [nominal] high (but off its real highs by roughly 45%), and have reached what looks to be a permanently high plateau, with a rock solid Bernanke Put beneath their foundation, that pretty much guarantees smooth sailing under nothing but Blue Skies from now on.

Nothing ever untoward happened after the Dow or any other equity index made a previous high (whether in nominal or real terms). Stocks for the long run; Dow 36,000 (published in 1999 and re-published in 2013), Virtuous Circles, Winners of the New World, and all of that...

Yellow by Coldplay

Sun, 03/17/2013 - 20:01 | Link to Comment Jena
Jena's picture

Indeed, what could possibly go wrong?

 

(Don't really know Coldplay so that was fun.)

Sun, 03/17/2013 - 20:51 | Link to Comment algol_dog
algol_dog's picture

I don't know ETF, seems like just another buy the dip opportunity. Me thinks open down 20 S&P, and close S&P flat to slightly up ...

Mon, 03/18/2013 - 02:59 | Link to Comment A Nanny Moose
A Nanny Moose's picture

It will al work out if we just talk.....

http://www.youtube.com/watch?v=W0uqLM1uj_k

Sun, 03/17/2013 - 19:50 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Groupthink? You must be new here.

Sun, 03/17/2013 - 19:55 | Link to Comment azzhatter
azzhatter's picture

Timmay is that you?

Sun, 03/17/2013 - 20:19 | Link to Comment Rustysilver
Rustysilver's picture

Groupthink?

Read some posts. Thinking here is from all prospective. Plot it on xyz axis and you will see it all over the place.

As much I like to think that I consistent in my thinking I find myself taking different prospective depending on subject matter.

Sun, 03/17/2013 - 19:51 | Link to Comment LawsofPhysics
LawsofPhysics's picture

"the Dow is at all time highs and you wankers are circle-jerking to the "impending collapse." -  And how much did that all time high cost again in new debt  again? LMFAO!!!  yeah, this can go on forever, troll harder loser.  If the market is moving (up or down) we make money, that is what ZH is for.

Sun, 03/17/2013 - 20:17 | Link to Comment Son of Loki
Son of Loki's picture

I feel sorry for the poor bastards who had all thier money in fiat (paper) in Cyprus banks instead of physical PMs in their possession (or lost in a boating accident).

This is a good lesson. Some will learn. Many will  not.

Sun, 03/17/2013 - 18:54 | Link to Comment Stoploss
Stoploss's picture

DIP BUYERS!!!!

 

NOW'S YOUR CHANCE!!!

 

It's just profit taking...

Sun, 03/17/2013 - 19:00 | Link to Comment LooseLee
LooseLee's picture

A great and wise man once said, 'When the blind lead the blind they all fall into a ditch'. Dat be YOU machineh.

Sun, 03/17/2013 - 18:56 | Link to Comment ThunderingTurd
ThunderingTurd's picture

Agree. I think this will get worse throughout the week. Negative headlines to dominate. They won't be able to stop the capital coming out of the banks. You can't talk your way out of that.

Sun, 03/17/2013 - 18:06 | Link to Comment Motorhead
Motorhead's picture

Futures, bitchez!

Sun, 03/17/2013 - 18:23 | Link to Comment Jacque Itch
Jacque Itch's picture

"Mkt" close for Monday:  Dow -8; Naz -5; S&P -1

Love,

Potter & Sack

Sun, 03/17/2013 - 18:06 | Link to Comment thismarketisrigged
thismarketisrigged's picture

wow, could be a huge gainer for gold.

 

we all know the drill though, they will turn futures green somehow by tomm morning with some bs news.

 

like for example, the u.s banks did not go bankrupt from this, buy buy buy, that will be the story to get the market green

Sun, 03/17/2013 - 18:09 | Link to Comment Abraxas
Abraxas's picture

Please stop! Let me enjoy it, if only for a moment.

Sun, 03/17/2013 - 18:08 | Link to Comment maxmad
maxmad's picture

And down we go.... Like a Cypriot in heat..

Sun, 03/17/2013 - 18:08 | Link to Comment Debtonation
Debtonation's picture

Take this Euro Ship down!

Long Molotov cocktails!

Sun, 03/17/2013 - 18:54 | Link to Comment sunaJ
sunaJ's picture

Not until the gates are locked for the 2nd and 3rd class passengers.

Sun, 03/17/2013 - 19:55 | Link to Comment BoNeSxxx
BoNeSxxx's picture

If the grand Euro unification plan fails, it will set the one-world order/currency agenda back 100 years or 1.5 - 2 generations.

Expect that Europe's unification (economic AND political) will be defended to lengths we dare not imagine... My guess is that the former's failure will be used as justification for the latter.

Mon, 03/18/2013 - 03:01 | Link to Comment A Nanny Moose
A Nanny Moose's picture

No need. Just disrtract us with some deck chairs.

Sun, 03/17/2013 - 19:00 | Link to Comment McMolotov
McMolotov's picture

I'm fully prepared...

Mon, 03/18/2013 - 03:03 | Link to Comment A Nanny Moose
A Nanny Moose's picture

I would argue that anyone arguing that they are prepared, is merely arguing their lack of preparation.

Sun, 03/17/2013 - 18:08 | Link to Comment Hulk
Hulk's picture

To the moon Alice !!!

Sun, 03/17/2013 - 18:09 | Link to Comment swissaustrian
swissaustrian's picture

JPY is outperforming USD. Stupid fx crowd.

Sun, 03/17/2013 - 18:14 | Link to Comment e m m
e m m's picture

Japan is a capital exporter. Sometimes those JPYs go home.

Sun, 03/17/2013 - 18:18 | Link to Comment swissaustrian
swissaustrian's picture

My guess is that it's related to carry trade unwindings.

Sun, 03/17/2013 - 19:22 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Yep, that whirring sound you hear are carry trades being unwound,... that, or Ludwig VonMises spinning in his grave...

 

 

Sun, 03/17/2013 - 18:42 | Link to Comment hooligan2009
hooligan2009's picture

japan is now running a trade deficit...sems like the five legged Kobi beef exports with green eyes looked way too suspicious

Sun, 03/17/2013 - 18:58 | Link to Comment Thought criminal
Thought criminal's picture

Isn't JPY outperforming USD every time when there's a huge risk-off event?

Sun, 03/17/2013 - 19:06 | Link to Comment swissaustrian
swissaustrian's picture

Yes, but given the BOJ's policies and the general conditions of that country it shouldn't do that any longer

Sun, 03/17/2013 - 19:10 | Link to Comment RopeADope
RopeADope's picture

Ever since D.C. proved to be complete clowns this has been true.

Sun, 03/17/2013 - 18:11 | Link to Comment kliguy38
kliguy38's picture

Spot price is a complete Con......pay attention to the bullion market.....that will be the test. IF they hold the spot too low.....they could pay a dear price in bullion loss to the east.......they will most likely raise the price to the next resistance then draw in some weak longs before they enter their paper shorts.....watch the 1630 area for a hit to the longs but if it doesn't break below 1620 then just above 1700 will be their next stand.

Sun, 03/17/2013 - 19:24 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Gold spot price will likely jump tonight and tomorrow... And if they don't have it down hard by Weds or Thurs, erasing any gains and positive perception, we just may have something here. But don't get too excited until then, the cartel has weathered worse than Cyprus the past few years. Lower spot prices in the face of additional rounds of QE have demonstrated that much. Bear in mind that nothing about Cyprus diminishes the ability of the cartel to naked short the living crap out of paper PM.

Everyone knows the lid's gonna blow, the only question is if the time is now.

Sun, 03/17/2013 - 18:11 | Link to Comment e m m
e m m's picture

Below 1.29 we can just switch to EUR carry for the safe haven Dow.

Sun, 03/17/2013 - 18:13 | Link to Comment falak pema
falak pema's picture

all those cyprus ruskis now rrrrrrun to gold!

Sun, 03/17/2013 - 18:18 | Link to Comment Bear
Bear's picture

Too later for the Ruskis, bt not too late for us ... new bumper sticker ... Auat10K

Sun, 03/17/2013 - 18:22 | Link to Comment machineh
machineh's picture

please, bitchez ... the respectful term is 'Cyprussians.'

Sun, 03/17/2013 - 18:13 | Link to Comment blindman
blindman's picture

BARBARIC RELIC. barbaric relic.

Sun, 03/17/2013 - 18:19 | Link to Comment Edward Fiatski
Edward Fiatski's picture

There's a fucking huge gap down in the EUR$ at the moment - around 165 pips - Wonder if it will get filled today even partially. LOL

To find these kind of gaps, I have to use the 6-year chart and set my gaze upon July of 2008 - GET FUCKED!

Sun, 03/17/2013 - 18:26 | Link to Comment Edward Fiatski
Edward Fiatski's picture

The AUD$ getting filled rather quickly, 2 hours into retail and already retraced half.

Sun, 03/17/2013 - 18:41 | Link to Comment fonzannoon
fonzannoon's picture

:( nobody even had the chance to btfd

Sun, 03/17/2013 - 18:14 | Link to Comment lolmao500
lolmao500's picture

And what about silver?

Sun, 03/17/2013 - 18:20 | Link to Comment swissaustrian
swissaustrian's picture

Fighting to stay above 29. Gold needs to drag silver up. It's not going to surge on it's own.

Sun, 03/17/2013 - 18:59 | Link to Comment tmosley
tmosley's picture

The silver price won't rise until it is freed from unbacked paper.  You'll see zero (futures contract default) before you see $50, I think.

Sun, 03/17/2013 - 19:06 | Link to Comment LooseLee
LooseLee's picture

No way! Silver LEADS economic growth! You mean that is no longer true? Or is this whole 'charade' the illusion of machineh and other followers of the fools such as him? Woe to him who blindly follows the fools in power...

Sun, 03/17/2013 - 18:29 | Link to Comment IridiumRebel
IridiumRebel's picture

But gold is up? How is that possible? It's a barbarous relic that central banks have been loading their vaults to the walls with! Why the fuck would I want any of that?

/sarc off
/fuck off

UPDATE: I just checked the stack and it seems that no bankers have shaved off 10% of it due to their profligate spending and vote buying. I'll keep updating as to my vaults integrity but I got a pretty good feeling those cocksuckers will be held at bay.

Sun, 03/17/2013 - 18:39 | Link to Comment Al Huxley
Al Huxley's picture

I like the '/fuck off' tag.  That alone deserves the up arrow, although I agree 100% with the rest of your comment as well.

Sun, 03/17/2013 - 18:43 | Link to Comment fonzannoon
fonzannoon's picture

don't forget it's selection sunday. the cinderealla story tomorrow of the S&P breaking all time highs in the face of such adversity should be sufficient enough to cause several ZH users to commit suicide.

Sun, 03/17/2013 - 19:03 | Link to Comment NoDebt
NoDebt's picture

Fonz, you're cynicism today is so thick I could spread it on my breakfast toast.  You're killin' me man!  Up arrow.

Sun, 03/17/2013 - 19:50 | Link to Comment fonzannoon
fonzannoon's picture

I can barely take any more of this. Anyone seen boilermaker on here? I'm certain he went off the deep end.

Sun, 03/17/2013 - 23:18 | Link to Comment CvlDobd
CvlDobd's picture

We're cuddling now.

Sun, 03/17/2013 - 19:03 | Link to Comment McMolotov
McMolotov's picture

Just BTFD you fucking idiots.™

Sun, 03/17/2013 - 19:16 | Link to Comment IridiumRebel
IridiumRebel's picture

You too? I'm waiting for GLD to hit 2K then I'm buying shit tons of paper gold. I would not want to store it at home. I already lost my last bit of phyz to that horrible boating accident.

Sun, 03/17/2013 - 19:33 | Link to Comment McMolotov
McMolotov's picture

Tonight seems like as good a night as any to do some drinking. I figure I'm either:

A) toasting the beginning of the end of this shitty system, or

B) weeping for the fact that nothing will really change.

Whichever it is, Admiral Nelson*, much like the honey badger, don't care and will do his fucking job.

 

*Yes, I buy cheap-ass rum. Don't get uppity, I'm a frugal bastard.

Sun, 03/17/2013 - 20:17 | Link to Comment IridiumRebel
IridiumRebel's picture

"The dreaded Rear Admiral!"

-Millhouse

Sun, 03/17/2013 - 19:19 | Link to Comment csmith
csmith's picture

Up arrow for the superscript alone.

Sun, 03/17/2013 - 19:08 | Link to Comment LooseLee
LooseLee's picture

You remember that the GOOD and the TRUE always win in the end...

Sun, 03/17/2013 - 19:12 | Link to Comment Terminus C
Terminus C's picture

When has that ever happened?

Sun, 03/17/2013 - 19:14 | Link to Comment McMolotov
McMolotov's picture

I saw it on my TeeVee once.

Sun, 03/17/2013 - 19:46 | Link to Comment LooseLee
LooseLee's picture

Each and evry day if you are AWAKE!

Sun, 03/17/2013 - 18:53 | Link to Comment IridiumRebel
IridiumRebel's picture

Yeah I kinda winged that one hoping people would know where it is directed. Cheers!

Sun, 03/17/2013 - 18:17 | Link to Comment BlueStreet
BlueStreet's picture

Only downside is Paulson is probably sitting in his penthouse overlooking Central Park right about now with a huge fucking smile on his face.  

Sun, 03/17/2013 - 18:54 | Link to Comment Element
Element's picture

Quick, grab a Libyan of Gypo wire-guided anti-tank missile, should be cheap and plentiful these days. I'm sure there would be no end of trained volunteers to fire it.

Sun, 03/17/2013 - 18:18 | Link to Comment Confundido
Confundido's picture

Not so fast gold bitchez! We have the 4am smack down. IF the 4am smack down doesn't work, we still have the 8:20am ET and the 10am ET selloffs, to get you back where you belong!

Sun, 03/17/2013 - 18:25 | Link to Comment JPMorgan
JPMorgan's picture

Don't worry we have a fed meeting this week, the plunge protection team no doubt have been given their orders in-advance.

I'm looking forward to the smack down already.

Sun, 03/17/2013 - 18:42 | Link to Comment Al Huxley
Al Huxley's picture

Smack-down season is over.  10% stolen out of your bank account over the weekend with no recourse is a concrete enough example for pretty much everybody to finally understand what 'no counterparty liability' means.  The commercials and bullion banks know this, they won't even try to fuck with it for quite a while now, at least until the general public is frothing to buy gold at any price.  Why do you think the spent so much effort beating it down over the past 3 months, and dumping their short positions?

Sun, 03/17/2013 - 18:19 | Link to Comment Racer
Racer's picture

PPT must still be away for the weekend

Sun, 03/17/2013 - 18:23 | Link to Comment Bear
Bear's picture

No, no ... kept it from going down limit so far. They are working overtime today ... wait, wait

Sun, 03/17/2013 - 18:36 | Link to Comment Croesus
Croesus's picture

Quote: "PPT must still be away for the weekend"

 

Yeah, they're working overtime in Cyprus....

Sun, 03/17/2013 - 19:14 | Link to Comment LooseLee
LooseLee's picture

Yea. Kissing whatever elitist ass they can uncover. No integrity at all within these LOSERS. They will die SOULLESS!

Sun, 03/17/2013 - 18:22 | Link to Comment Bear
Bear's picture

No equity Green on St. Paddy's day or on tomorrow's Green Day in Eurozone. The Reds rule the day (except in Cyprus) 

Sun, 03/17/2013 - 18:22 | Link to Comment RedGator
RedGator's picture

Of course gold is up.  Listen to this rant to see how people are reacting.

http://beforeitsnews.com/eu/2013/03/doom-alert-people-are-freaking-out-i...

Sun, 03/17/2013 - 18:23 | Link to Comment Awakened Sheeple
Awakened Sheeple's picture

Monday's going to be fun.

What I want to know is will the $3.5 billion pomo on Tuesday be enough to save the markets. After all we've seen the past few years, us bears shouldn't be so quick to declare victory yet. I won't be BTFD though.

Sun, 03/17/2013 - 18:25 | Link to Comment Bear
Bear's picture

Tuesday's POMO may just come early.

Sun, 03/17/2013 - 18:30 | Link to Comment nmewn
nmewn's picture

Yeppers, Benny's gonna be pumpin like a big dogs ass...lol.

Sun, 03/17/2013 - 18:30 | Link to Comment Awakened Sheeple
Awakened Sheeple's picture

Nice call Friday btw, Bear.

Sun, 03/17/2013 - 18:54 | Link to Comment Bear
Bear's picture

If ES struggles on Tuesday, it may be the perfect place for the Bear to start his move

Sun, 03/17/2013 - 18:56 | Link to Comment stormsailor
stormsailor's picture

yeah, after the fed pump if it doesn't hold could be a great place to get some short.  that gap from jan 1 is 120 points due south. lol

Sun, 03/17/2013 - 19:20 | Link to Comment Edward Fiatski
Edward Fiatski's picture

Depends highly on what Ben spouts on Wednesday, but I suspect "NomoQE" & "Economy is improving" could be the main topics. Just in time for a EU-wide bank run.

Sun, 03/17/2013 - 18:24 | Link to Comment chockl
chockl's picture

A brick in the wall has just fall.

Sun, 03/17/2013 - 18:27 | Link to Comment r101958
r101958's picture

Typical. Dump and pump and then dump and pump again. Make every short pay because they aren't on the 'team'.

Sun, 03/17/2013 - 19:18 | Link to Comment LooseLee
LooseLee's picture

But who would actually sell their SOUL to be on that team? Once sold it can never be bought again at ANY price. I hope they realize this TRUTH.

Sun, 03/17/2013 - 18:27 | Link to Comment css1971
css1971's picture

Wow. It's like I positioned my portfolio perfectly for this moment in time. I should photograph it.

You know it'll all be green by Monday evening though.

 

Sun, 03/17/2013 - 18:28 | Link to Comment 11811
11811's picture

I can't decide which Frank Booth quote reminds me more of the EU:

“Gordon went right up to ‘em in broad daylight of course, cause hes the man, right? And he took all those drugs away. It was fuckin beautiful. Candy colored clown they call the Sand Man."

or,

http://www.youtube.com/watch?v=-7NitmzzZX8

Sun, 03/17/2013 - 18:29 | Link to Comment e-recep
e-recep's picture

i just skimmed thru hong kong newspapers. the deposit haircut in cyprus is no-news.

Sun, 03/17/2013 - 18:32 | Link to Comment lolmao500
lolmao500's picture

Hong Kong uh... An interesting report on Hong Kong... 28 square feet apartments for the very poor...

http://www.defence.pk/forums/china-far-east/238249-shocking-photos-cramp...

I can't believe they won't revolt and accept to live like this.

Sun, 03/17/2013 - 18:39 | Link to Comment Joebloinvestor
Joebloinvestor's picture

You ever been there?

Compared to being born and dying on one of those "junks" an apartment of any size is nirvana.

Sun, 03/17/2013 - 20:19 | Link to Comment AynRandFan
AynRandFan's picture

Well, if you count the bathroom (presumably down the hall), it's a 1 BR/ 1 BA apartment.

Sun, 03/17/2013 - 18:29 | Link to Comment nmewn
nmewn's picture

"And despite the USD strength, spot gold just opened also up from $1591.95 to $1607."

Whaaaa?...yes, futures...but... 

Where did bitcoin open? ;-)

Sun, 03/17/2013 - 18:31 | Link to Comment lolmao500
lolmao500's picture

See Ben, no need for QE... just give very bad ideas to Europe and tell them it'll fix their problems = winning!

Sun, 03/17/2013 - 18:35 | Link to Comment Roandavid
Roandavid's picture

Alright, i gotta ask the stupid question, "What the hell is a VWAP Reverter?"

Sun, 03/17/2013 - 18:39 | Link to Comment hooligan2009
hooligan2009's picture

volume weighted average price

sum of (price N times volume N) divided by total volume

= mean reversion theory

yanno, when we all revert to being mean to everyone and steal their money

Sun, 03/17/2013 - 18:43 | Link to Comment Roandavid
Roandavid's picture

Ahhhhh.  Thanks, I'm not from around here.

Sun, 03/17/2013 - 19:33 | Link to Comment machineh
machineh's picture

He's having you on, I think.

A VWAP reverter is what you need to decelerate from faster-than-light travel and re-enter the Newtonian space-time continuum.

Works for me, at least. Betelgeuse is nice this time of year.

Sun, 03/17/2013 - 19:51 | Link to Comment Roandavid
Roandavid's picture

Ahhhhh.  Thanks, I'm not from around here ..... either.

Sun, 03/17/2013 - 18:57 | Link to Comment FinalCollapse
FinalCollapse's picture

Ben and Crimex are already pumping everything up. They stopped the slide first. Then they started pumping AUDUSD pair. Next will be /ES and EURUSD.

No worries - the Crimex led by Bernanki will steamroll individual investors as usual. What a great opportunity to loot money from retail investors and transfer the loot to JPM & GS. 

Life is good for the chosen people doing the God's work.

Sun, 03/17/2013 - 18:37 | Link to Comment chockl
chockl's picture

We are in desperet need of Moar of your moneys now....Banksters.

Sun, 03/17/2013 - 18:39 | Link to Comment stormsailor
stormsailor's picture

i wouldn't short just yet.  double dog betcha it will close that gap,  then if it heads down is the time to short.  the move has already come, and like somebody already said. will be gone by morning

Sun, 03/17/2013 - 18:48 | Link to Comment nmewn
nmewn's picture

Yep, they got an infinite supply of "digital paper" to make it all smooth out. Its a great casino...for the house.

Which brings us back to...why exactly does one pay taxes?

Sun, 03/17/2013 - 18:42 | Link to Comment devo
devo's picture

Bernanke must be shitting his pants.

Sun, 03/17/2013 - 19:18 | Link to Comment Terminus C
Terminus C's picture

You can bet teh bernank called this.

Sun, 03/17/2013 - 18:44 | Link to Comment Element
Element's picture

Better get the cardio crash-cart ready.

Sun, 03/17/2013 - 18:46 | Link to Comment buzzsaw99
buzzsaw99's picture

futes bogged down in the quagmire of the cyprus swamp

http://www.youtube.com/watch?v=pe7zCpIXu8M

Sun, 03/17/2013 - 18:48 | Link to Comment razorthin
razorthin's picture

I have Cypress hedges.

Sun, 03/17/2013 - 19:14 | Link to Comment EclecticParrot
EclecticParrot's picture

As you probably know, Cypress Hedges, a coniferous evergreen, were created in the midi-1800s when the wealthy banker Christopher Leyland purchased an estate, gave it to his nephew as a wedding present, and ordered a re-landscaping project that involved the planting of two Cypress species which, though located too far apart to cross naturally in the wild, ended up pollinating, creating precisely the hybrid species you apparently enjoy, along with many other happy homeowners.

In fact, the general spirit of the process Mr. Leyland enacted, whereby bankers throw money around frivolously and wait for us little guys to fuck each other whilst they profit, continues to this day.

In the event you were actually referring to misspelled loss-preventing financial instruments of Mediterranean origin, well then never mind . . .

Sun, 03/17/2013 - 19:26 | Link to Comment razorthin
razorthin's picture

You caught the pun.

May all the Mr. Leylands out there enjoy an ample hurst of hemlock.

Sun, 03/17/2013 - 19:34 | Link to Comment EclecticParrot
EclecticParrot's picture

Ah, an ironic Socrates reference (Mediterraneans causing their own deaths yet still considered scapegoats, etc.)-- Bravo !  You're obviously a gentleman and a scholar, and there are so few of us left -- everyone else will be BTFD-ing stocks tomorrow at precisely 10:39 a.m., just a few minutes in advance of the algos.  No atomic clocks needed.

Sun, 03/17/2013 - 19:52 | Link to Comment tunnelvizn
tunnelvizn's picture

I have Benson&Hedges

Smoke'm if'n youse got's em

Sun, 03/17/2013 - 18:49 | Link to Comment chockl
chockl's picture

I guess they figered they got all the dumb money out of Gold.

Sun, 03/17/2013 - 18:52 | Link to Comment ifishivote
ifishivote's picture

I love this site, however the US markets will not go down. If they are down 150pts tomorrow they will be up 300pts on tuesday. No way Obama will allow these markets to crash this early into his second term. YOU FORGET HOW DUMB AMERICANS ARE. The MEDIA will down play every drop in the DOW. The 49% of people in this country would love to see people with money have it taken away from them.

Sun, 03/17/2013 - 18:55 | Link to Comment Dr. Engali
Dr. Engali's picture

I disagree. They are looking for an excuse to let the Dow drop. A crisis caused by " external forces" will enable him and his goons to consolidate even more power.

Sun, 03/17/2013 - 19:00 | Link to Comment SDShack
SDShack's picture

Yep, roll out the 'See, I told you it's the sequester, and the republicans" excuse, and let the media run with it.

Sun, 03/17/2013 - 19:19 | Link to Comment Mark123
Mark123's picture

Yep....time to harvest those margin accounts.  Calling all combine harvesters!

 

This market has been aching to drop back to 200 day.  On the way down people will sell, and then another rampapalooza when the big boys are positioned.

 

Pathetic.

Sun, 03/17/2013 - 18:58 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

It takes more than this.  It takes bullets in elite brains.

When you see that, then the downmoves will stick.

Sun, 03/17/2013 - 18:59 | Link to Comment Element
Element's picture

Doesn't matter if electronic contagion freezes-up lending.

Sun, 03/17/2013 - 19:32 | Link to Comment LooseLee
LooseLee's picture

I just can't help myself. YOU, sir, are one of those DUMB Americans...

Sun, 03/17/2013 - 20:27 | Link to Comment breakyoself
breakyoself's picture

I hate to be in agreement with your post. DAMN

Sun, 03/17/2013 - 18:56 | Link to Comment gmak
gmak's picture

Ooooh..   1 week lo-ooooows. Must be the apocalypse.  not.

 

Europe open in the NY early morning will be the tell.

Sun, 03/17/2013 - 18:57 | Link to Comment chockl
chockl's picture

Thats the problem... nobody in this countrty has no Money.

Sun, 03/17/2013 - 19:16 | Link to Comment Dr. Engali
Dr. Engali's picture

If by money up mean nobody has any silver or gold then you would be right. There is a lot of debt based digital Bernanki bucks floating around though.

Sun, 03/17/2013 - 18:58 | Link to Comment billwilson
billwilson's picture

The great thing about nights like this is that the manipulation gets totally laid bare. There is NO FUCKING DOUBT left. Look at the volumes. Where the fuck is the massive selling coming from, except from the manipulators. No rational holder of PMs would be selling into this mess. 

Hey CFTC, COMEX, LBMA how fucking embarassed do you have to be before you take action. Plenty I guess, cause money comes first over reputation.

 

Sun, 03/17/2013 - 19:00 | Link to Comment kliguy38
kliguy38's picture

Bankers are saying remain calm all is well

 

http://www.youtube.com/watch?feature=player_embedded&v=zDAmPIq29ro

Sun, 03/17/2013 - 19:08 | Link to Comment Zgangsta
Zgangsta's picture

Silver back down below $29.  The Sheeple are listening!

Sun, 03/17/2013 - 19:05 | Link to Comment khakuda
khakuda's picture

I like gold longer term and this only reinforces the importance of physical, but if we get another round of bank runs and deleveraging, gold could drop with all assets like it did during the Lehman fall. Be careful piling on tomorrow.

Sun, 03/17/2013 - 19:10 | Link to Comment OptionNinjaNYC
OptionNinjaNYC's picture

ES will probably be down 20+ points once European Markets open.

Sun, 03/17/2013 - 19:05 | Link to Comment QQQBall
QQQBall's picture

Obviously gold holders are not paying their fair share.

Sun, 03/17/2013 - 19:09 | Link to Comment chump666
chump666's picture

Don't short this.

Do NOT follow this link or you will be banned from the site!