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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 | 3339925 transaccountin
transaccountin's picture

should be down 30 on the /es, such bs

Sun, 03/17/2013 - 18:20 | 3339988 machineh
machineh's picture

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

Sun, 03/17/2013 - 18:28 | 3340020 Croesus
Croesus's picture

BANK RUN, BITCHEZ!

Sun, 03/17/2013 - 18:31 | 3340029 flacon
flacon's picture

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

Sun, 03/17/2013 - 18:56 | 3340126 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 | 3340350 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 | 3340032 kaiserhoff
kaiserhoff's picture

Off the lows!

   Lardassicus Muchacha

Sun, 03/17/2013 - 18:43 | 3340077 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 | 3340089 James_Cole
James_Cole's picture

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

Sun, 03/17/2013 - 18:54 | 3340120 YBNguy
YBNguy's picture

Whats the spot price for Ammo?

Sun, 03/17/2013 - 19:15 | 3340200 Being Free
Being Free's picture

"Out of Stock"  :(

Sun, 03/17/2013 - 18:49 | 3340092 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 | 3340114 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 | 3340165 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 | 3340179 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 | 3340192 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 | 3341337 A Nanny Moose
A Nanny Moose's picture

At least water knows how to flow to the ocean.

Sun, 03/17/2013 - 19:18 | 3340209 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 | 3340237 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 | 3340247 tunnelvizn
tunnelvizn's picture

<Flush>

Sun, 03/17/2013 - 19:33 | 3340263 Jena
Jena's picture

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

Sun, 03/17/2013 - 19:57 | 3340321 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 | 3340341 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 | 3340384 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 | 3341343 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 | 3340307 Bay of Pigs
Bay of Pigs's picture

Groupthink? You must be new here.

Sun, 03/17/2013 - 19:55 | 3340324 azzhatter
azzhatter's picture

Timmay is that you?

Sun, 03/17/2013 - 20:19 | 3340382 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 | 3340309 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 | 3340369 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 | 3340118 Stoploss
Stoploss's picture

DIP BUYERS!!!!

 

NOW'S YOUR CHANCE!!!

 

It's just profit taking...

Sun, 03/17/2013 - 19:00 | 3340149 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 | 3340127 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 | 3339928 Motorhead
Motorhead's picture

Futures, bitchez!

Sun, 03/17/2013 - 18:23 | 3340000 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 | 3339934 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 | 3339945 Abraxas
Abraxas's picture

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

Sun, 03/17/2013 - 18:08 | 3339942 maxmad
maxmad's picture

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

Sun, 03/17/2013 - 18:08 | 3339946 Debtonation
Debtonation's picture

Take this Euro Ship down!

Long Molotov cocktails!

Sun, 03/17/2013 - 18:54 | 3340119 sunaJ
sunaJ's picture

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

Sun, 03/17/2013 - 19:55 | 3340323 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 | 3341350 A Nanny Moose
A Nanny Moose's picture

No need. Just disrtract us with some deck chairs.

Sun, 03/17/2013 - 19:00 | 3340144 McMolotov
McMolotov's picture

I'm fully prepared...

Mon, 03/18/2013 - 03:03 | 3341351 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 | 3339948 Hulk
Hulk's picture

To the moon Alice !!!

Sun, 03/17/2013 - 18:09 | 3339951 swissaustrian
swissaustrian's picture

JPY is outperforming USD. Stupid fx crowd.

Sun, 03/17/2013 - 18:14 | 3339965 e m m
e m m's picture

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

Sun, 03/17/2013 - 18:18 | 3339977 swissaustrian
swissaustrian's picture

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

Sun, 03/17/2013 - 19:22 | 3340045 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 | 3340072 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 | 3340138 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 | 3340168 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 | 3340181 RopeADope
RopeADope's picture

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

Sun, 03/17/2013 - 18:11 | 3339954 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 | 3340230 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 | 3339956 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 | 3339961 falak pema
falak pema's picture

all those cyprus ruskis now rrrrrrun to gold!

Sun, 03/17/2013 - 18:18 | 3339979 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 | 3339991 machineh
machineh's picture

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

Sun, 03/17/2013 - 18:13 | 3339962 blindman
blindman's picture

BARBARIC RELIC. barbaric relic.

Sun, 03/17/2013 - 18:19 | 3339963 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 | 3340012 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 | 3340070 fonzannoon
fonzannoon's picture

:( nobody even had the chance to btfd

Sun, 03/17/2013 - 18:14 | 3339966 lolmao500
lolmao500's picture

And what about silver?

Sun, 03/17/2013 - 18:20 | 3339985 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 | 3340139 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 | 3340169 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 | 3339967 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 | 3340064 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 | 3340079 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 | 3340162 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 | 3340308 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 | 3340942 CvlDobd
CvlDobd's picture

We're cuddling now.

Sun, 03/17/2013 - 19:03 | 3340163 McMolotov
McMolotov's picture

Just BTFD you fucking idiots.™

Sun, 03/17/2013 - 19:16 | 3340201 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 | 3340258 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 | 3340373 IridiumRebel
IridiumRebel's picture

"The dreaded Rear Admiral!"

-Millhouse

Sun, 03/17/2013 - 19:19 | 3340216 csmith
csmith's picture

Up arrow for the superscript alone.

Sun, 03/17/2013 - 19:08 | 3340173 LooseLee
LooseLee's picture

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

Sun, 03/17/2013 - 19:12 | 3340187 Terminus C
Terminus C's picture

When has that ever happened?

Sun, 03/17/2013 - 19:14 | 3340195 McMolotov
McMolotov's picture

I saw it on my TeeVee once.

Sun, 03/17/2013 - 19:46 | 3340297 LooseLee
LooseLee's picture

Each and evry day if you are AWAKE!

Sun, 03/17/2013 - 18:53 | 3340109 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 | 3339972 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 | 3340112 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 | 3339973 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 | 3340010 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 | 3340073 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 | 3339982 Racer
Racer's picture

PPT must still be away for the weekend

Sun, 03/17/2013 - 18:23 | 3340002 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 | 3340042 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 | 3340196 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 | 3339992 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 | 3339993 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 | 3339996 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 | 3340011 Bear
Bear's picture

Tuesday's POMO may just come early.

Sun, 03/17/2013 - 18:30 | 3340026 nmewn
nmewn's picture

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

Sun, 03/17/2013 - 18:30 | 3340027 Awakened Sheeple
Awakened Sheeple's picture

Nice call Friday btw, Bear.

Sun, 03/17/2013 - 18:54 | 3340115 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 | 3340128 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 | 3340218 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 | 3340006 chockl
chockl's picture

A brick in the wall has just fall.

Sun, 03/17/2013 - 18:27 | 3340014 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 | 3340211 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 | 3340018 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 | 3340022 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 | 3340024 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 | 3340036 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 | 3340060 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 | 3340378 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 | 3340025 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 | 3340031 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 | 3340041 Roandavid
Roandavid's picture

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

Sun, 03/17/2013 - 18:39 | 3340062 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 | 3340081 Roandavid
Roandavid's picture

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

Sun, 03/17/2013 - 19:33 | 3340261 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 | 3340311 Roandavid
Roandavid's picture

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

Sun, 03/17/2013 - 18:57 | 3340044 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 | 3340051 chockl
chockl's picture

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

Sun, 03/17/2013 - 18:39 | 3340058 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 | 3340093 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 | 3340075 devo
devo's picture

Bernanke must be shitting his pants.

Sun, 03/17/2013 - 19:18 | 3340208 Terminus C
Terminus C's picture

You can bet teh bernank called this.

Sun, 03/17/2013 - 18:44 | 3340080 Element
Element's picture

Better get the cardio crash-cart ready.

Sun, 03/17/2013 - 18:46 | 3340087 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 | 3340095 razorthin
razorthin's picture

I have Cypress hedges.

Sun, 03/17/2013 - 19:14 | 3340198 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 | 3340210 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 | 3340268 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 | 3340316 tunnelvizn
tunnelvizn's picture

I have Benson&Hedges

Smoke'm if'n youse got's em

Sun, 03/17/2013 - 18:49 | 3340096 chockl
chockl's picture

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

Sun, 03/17/2013 - 18:52 | 3340102 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 | 3340124 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 | 3340150 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 | 3340221 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 | 3340137 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 | 3340140 Element
Element's picture

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

Sun, 03/17/2013 - 19:32 | 3340253 LooseLee
LooseLee's picture

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

Sun, 03/17/2013 - 20:27 | 3340403 breakyoself
breakyoself's picture

I hate to be in agreement with your post. DAMN

Sun, 03/17/2013 - 18:56 | 3340129 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 | 3340131 chockl
chockl's picture

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

Sun, 03/17/2013 - 19:16 | 3340202 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 | 3340136 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 | 3340146 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 | 3340175 Zgangsta
Zgangsta's picture

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

Sun, 03/17/2013 - 19:05 | 3340156 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 | 3340160 OptionNinjaNYC
OptionNinjaNYC's picture

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

Sun, 03/17/2013 - 19:05 | 3340166 QQQBall
QQQBall's picture

Obviously gold holders are not paying their fair share.

Sun, 03/17/2013 - 19:09 | 3340178 chump666
chump666's picture

Don't short this.

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