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Market Update - The Damage So Far
Well that escalated quickly... Builders -5% on the week, TBTF banks -7-10% post-Cyprus, 10Y at 1.81%, Commodity liquidations, and S&P futures down 16 points from the overnight highs...
and Financials are really suffering - though have a long way to go yet...
Charts: Bloomberg
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Pray for rain.
first spahn then spain, then pray for rain
I'm praying for rain. I'm praying for tidal waves.
Learn to swim.
I want to see it all go riding down.
Watch you flush it all away!!!!!!!!!!!!!!!!!!!
http://www.youtube.com/watch?v=D7ErpFBO7RI
16 pts on the S&P? Calling the PPT to the rescue in 3....2....1....
3 ring circus sideshow of freaks..
There have been only 12 days in the past year and a half that gold has traded at these levels. Yeah I know "Buy more" but I ran out of paper a while ago.
Miners taking a huge beating. Dust up 13% today i believe
What I would suggest is that gold weakness since Aug. 2011 has likely presaged a tremendous down move in equities, in spite of the Fed backstopping.
http://www.youtube.com/watch?v=D7ErpFBO7RI
FYI, it was Spahn then Sain then pray for rain. Only two good pitchers on the Milwaukee Braves at that time.
If you have to explain the pun, you didn't get it.
.
Hey rainmaker! can you hear the call, please let these crops grow tall!
Plan for pain.
And remember when you're riding leveraged 20-1, all it takes is -5% drop and you're completely wiped out.
Is anything going up today? I'm kind of like really pissed off with the price of silver. TWENTY SIX dollar handle? What the hell?!
Bitcoin (bitchez !)
the phrase used around hear daily is "this time its different"........so bitcoin going parabolic and ending well, that would be different this time....
CAC is up...not the index, my CAC.
I see even FoxNews has a nice little slideshow titled "What will Bitcoins buy?" today. Woopeee!
Basically, I guess it's just pictures of everyday items for the huddled masses incapable of reading, but the very fact that Bitcoin is being shopped to the huddled masses in the first place should be...comforting.
No, not comforting, disconcerting. Damn. I was WAAY off!
Umm, seems the mere mention of Bitcoins seems to derail most threads here on ZH.
So, yuo trolling?
Silver and Gold Bitchez!
sure,even though i've been buying silver since $4 it still makes my blood pressure rise when they pull this bullshit!
I used to get upset with the smashdowns but realize i am not close to selling my phys so, let them keep it on sale, it has just sparked me to take money out of bank (before bankers take it anyway) and put it into nice shiny round bits of real money.
"Is anything going up today?"
yeah. i'm going up to my PM dealer to buy moar silver.
fuck bitcoin.
Can you buy gold and silver with bitcoin? And when will the bitcoin chart (euro/bitcoin)
(usd/bitcoin) etc. charts become the norm?
yes, you can buy gold and silver with bitcoins.
http://www.amagimetals.com/?gclid=CKDDhMqOr7YCFQRnOgodQCIAxQ
http://www.coinabul.com/
that help?
I'm kind of like really excited with the price of silver. TWENTY SIX dollar handle? Off to buy more!
- fixed it for you.
I ran out of paper... so I can't buy 'moar'.
How the fuck did you run out of paper? It's literally flying out of the Bernank's ass! Besides, what did we say about dry powder? PMs are on sale, just like we said. Now, if you'll excuse me, I have some shopping to do.
you need to be close to his ass to fly high ;)
I had a look at ebay prices for silver phillies yesterday (Germany, finished auctions). Although the spot price in dollar has dropped 20% in the last couple of months (somewhat less in €), sales on the bay (for auctions, same time period) are all over the place, between € 25.50 and € 35 = unchanged to 20% higher than previously.
In other words, spot price has moved x - 20%, bay prices have risen x + 0/20%
That delta tells me that some people are paying no matter what only to lay their hands on some physical (even though there are still dealers that have coins available at the "official" price).
Looks like the begin of a panic to me.
Fellow ZH'lers living in Europe might appreciate this great price comparison site: www.bullionpage.com
Central Bankers are desperate to knock PM prices down, especially now, as they are THE alternative to money in bank accounts.
A hit to the value right when Europeans are looking to get cash out of bank accounts? How special!
Or, funds who want to liquidate PM ETF money to buy stocks for the next ramp up, then rotate again.
Tptb are trying to shake loose the newbie pm holders. That would result in a more positive dollar. More pm's are being sold now than ever before. My bank account is pulled down to 1.01. Doing the best I can to beat the banktards....
VIX
Oh, and I also ran out of paper. Pity. Why oh why can't I print moar like all the really nicely dressed crooks?
"Commodity liquidations" ??? They've been liquidating Gold/Silver since last September. When GOLD is up, then it's currency, and when it's down it's all of the sudden commodity. Crimex closing in 25 minutes. GOLD is tanking now
what a force..
We want The Deer! We want The Deer!
I'd settle for Maria Bartiromo crying on the exchange floor...
Given the hit gold has taken the last couple days and the other downtrends... I got a feeling someone is selling because they need cash. Anf given how messed up the dutch banks are, I have an idea of the general area of the problem.
I've been a skeptic regarding the next downshift for a while but I think the next Lehman could be happening this week.
"I got a feeling someone is selling because they need cash. " That seems like a fair assumption to me.
Perception and Reality will converge. It's inevitable.
My question is, When will Cramer roll out and say that we should keep our money in banks? 'Banks are fine! Don't be silly!'
I actually went to my credit union to take out 3k in cash (in NYC). Their eyes poppes out and their mouth dropped open, I swear. "Sorry sir we are low on cash today (really?) the most we can give you is $500". Umm now that's scary, had them cut me certified check and I'm off to my local TBTF to see if they can cash, NOT deposit it.
I actually went to my credit union to take out 3k in cash (in NYC). Their eyes poppes out and their mouth dropped open, I swear. "Sorry sir we are low on cash today (really?) the most we can give you is $500". Umm now that's scary, had them cut me certified check and I'm off to my local TBTF to see if they can cash, NOT deposit it.
Over the weekend.
I think the bank runs are now so bad behind the curtain ,that the game is over.
We just are not allowed to see it.
The O'bowel panic to get the guns was too late I hope.
Thats what happens when you have a lazy puppet.
Found a 9mm with three 17 round magazines last night and ordered it after hearing more news reports about the hysteria.
I just ordered more 9mm for a gun I don't have.
Looks like they are going for the ammo as a stopgap ,
knowing it will take SCOTUS forever to overule it.
They are in a screaming desperate panic now.
SHF is very close.
last weekend cabelas had 7.62 for a dollar a round....! i always said buy ammo instead of gold.
Lazy puppet. LOL! Classic. Well said.
Two weeks delivery time for gold and unknown for silver here in Portugal.
20 minutes left, you bankster bastards!!!
dont worry, these frauds will find a way to bring it back by days end.
what else would u expect
bitchcoin bitchez
To be completely candid, I'm coin mining as I'm typing this. That said, I am not ready to replace the shiny in my vault with bitcons quite yet. Something about being able to have sound money if the power goes out appeals to me.
Barbaric, I know.
"They've done studies you know. 60% of the time, it works every time."
http://www.youtube.com/watch?v=5ccp-lEmoAE
Time for war! (Sadly)
They have to blame on someone...
I have a feeling that for the last 10min they can generate $50/oz drop quick.
"I got a feeling someone is selling because they need cash. "
its called Tax time, I know 50% of you do not pay them so it is unknown to you.........
"its called Tax time" why instead doesn't sell SPY stocks,
which are in huge profit.
Not only did I not pay any... I got a refund! Booya!!
How can you get a refund if you didn't pay any taxes? Have you checked your pay stubs for deductions?
Earned income tax credits. Had a widowed friend with kids that usually cleared around 2K+ a year from those.
How can you get a refund if you didn't pay any taxes? Have you checked your pay stubs for deductions?
Another grand conspiracy by TPTB: blow up a stock market bubble so rich people have enough money to pay their taxes. [/sarc]
There is precedent for tax time selloffs and that is probably as good a reason as any to STFU and BTFD. The dip in PMs is compelling. I could see PM prices going much lower if the recovery is on track like we are being told. On the other hand, if our wise leaders and economic experts are bullshitting us, then this could a buying opportunity that might not be seen again for very long (enough) time(line).
Because people sell their PM paper 12 days before the tax deadline at a time when NK is threatening nuclear war in the next 48 hours, the price of gold and silver dropped??
Sorry, but you'll need a better excuse than that one.
never fear the ppt will be here before the closing bell!
What lunatics are selling gold at this point? I am curious as to how cnbc will explain this now that "getting liquidity by taking profits on the only trade that had gains" will not fly anymore...
Gold has completely inverted.
https://www.quantsig.net/live.html
Goodbye Gold
http://chartistfriendfrompittsburgh.blogspot.com/2013/04/goodbye-gold.htmlHello phizz.
some sucka just sold me his SLV for 26.7. what an idiot
What was the ask
I rip Bloomberg tv almost daily but this guy Cory is becoming the Santelli of that outfit. He called Tesla out on their bs numbers. Seems like their big press release the other day about being profitable should have really said our backlog is down because we had 10k orders cancelled out of 15k total orders. I feel a lot better if there is only 1 person out of the hundreds at these media outlets actually looking at data without blankly regurgitating it.
Isn't it a POMO day!? Where's uncle Benny when you need him?
Some one tell me, why do they always have it there way with Gold and Silver,, Its like there Butt slaves,,, always,, Its hard to watch..
No comment needed; MVOLUSE Quote - US Tape A+B+C Volume Index - Bloomberg
http://www.bloomberg.com/quote/TRAN:IND
Gold goes down when the stock market is up and gold goes down when the stock market is down. Not a good combination!
Then it's probably not the market indexes that key influence gold.
Try the US Dollar - correlates nicely.
As gold rises, US Dollar falls and vice versa - this was posted on March 25.
http://bullandbearmash.com/chart/weeklies-spot-gold-diverges-dollar-doll...
Take a look at the weekly. US Dollar has been climbing for some time - and gold had hardly moved. It would appear that gold has been catching up to the US Dollar move up.
3:15 pm.... Time for some SERIOUS Vwap!!!
Fuck you Bernak
fuck you to all the vxx shorters. I hope you grt it in your ass!
It's out of everything into treasuries, so Ben is charged at max price. Money will flow back into everything and the banksters pockets afterwards.
So DOW is back where it was two days ago... big fucking deal. Expect, +150 pts. tomorrow.