• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Yet Another Market Top Indicator

Tyler Durden's picture




 

Forget the multitude of divergences from any and every sense of real fundamentals (or other market structures) that the US equity market is exhibiting; deny for just one moment the existential crisis that is inevitably drawing closer by the day as the world's central bankers/planners truly believe they have the 'final' solution; there is only one fool-proof method of knowing what is coming next. As we noted in September 2012, just 13 days before QEternity was announced, Barron's provided the 'cover' and it seems with this week's 'exuberance' that they have once again provided confirmation. If nothing else, Barron's is great at picking points where Bernanke (or Yellen) feels compelled to save the market from collapse.

 

 

(h/t @Not_Jim_Cramer)

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Sun, 04/21/2013 - 18:29 | 3481506 Uber Vandal
Uber Vandal's picture

The shadow under the bull on the POMO (not pogo) stick could be a hole, and not a shadow after all.......

Sun, 04/21/2013 - 18:30 | 3481511 dobermangang
dobermangang's picture

Sell in May.  Comeback in 2019.

Sun, 04/21/2013 - 19:14 | 3481640 knukles
knukles's picture

1974.  Front page headline Pensions and Investments "Are Bonds Dead?"
30 year treasury yield, 15 3/8%

Newspaper headlines have usually been a wonderful contrary indicator.

'Nuff said

Sun, 04/21/2013 - 19:33 | 3481691 Scarlett
Scarlett's picture

16 yold actress trading stocks--> shoeshine boy moment

Greenspans "stocks can't go down" --> Irvin Fisher "permanently high plateau" moment

 

wecome to 1929, boys!

Sun, 04/21/2013 - 20:19 | 3481837 max2205
max2205's picture

They forgot a zero. 16, 000

Sun, 04/21/2013 - 20:39 | 3481893 cifo
cifo's picture

"Gold mining stocks could rise by 40%" on the front page. I think I like that article.

Sun, 04/21/2013 - 21:32 | 3482122 DoChenRollingBearing
DoChenRollingBearing's picture

Well, I do not like gold stocks, despite what Andrew Bary says...  I would rather have just the gold, as there are too many risks re the stocks.

Review of Barron's -- Dated 22 April 2013

http://tinyurl.com/d49j6cg

Mon, 04/22/2013 - 03:39 | 3482837 CHX
CHX's picture

Or added one by mistake? Dow 1600 ???

Sun, 04/21/2013 - 21:11 | 3482033 deKevelioc
deKevelioc's picture

"Sell in May.  Comeback in 2019."

How about sell in May and move to the Cook Islands?

Sun, 04/21/2013 - 22:33 | 3482361 DoChenRollingBearing
DoChenRollingBearing's picture

Front-run 'em.  Sell in April.

Sun, 04/21/2013 - 22:36 | 3482367 WmMcK
WmMcK's picture

That was a winning strategy for the last 3 years.

Sun, 04/21/2013 - 22:13 | 3482291 monkeyboy
monkeyboy's picture

The real headline -

 

DOW 1,600!

Mon, 04/22/2013 - 00:04 | 3482575 The Second Rule
The Second Rule's picture

The Barron's round table has had it's share of characters over the years. Some were pretty good, like Marc Faber. Some were disastrous,  like Abby Joseph Cohen. I stopped reading Barrons and the WSJ after Murdoch took them over. The man is a snake and not to be trusted.

As far as cover (anti) bellwethers, they are historically speaking, pretty reliable. Check out some of the Newsweek, Business Week, and other financial rag covers from just prior to the dotbomb, housing, and financial bust. And also go back to just before the Stock Market crash of 1929. Some of the headlines were REAL DOOZIES!

Sun, 04/21/2013 - 22:55 | 3482424 Born-Again Bankster
Born-Again Bankster's picture

You guys don't understand.  The DOW will soar to new highs, probably 20k and precious metals will tank for the next 2-3 years.  This will allow the cash-rich balance sheets to acquire 10x the precious metal they could have when GLD was at 190.  It's all a game and to win you have to think like a crook.  For the time being, enjoy the faux ride...it's not going to stop until Obama gets near the end of his term.

Sun, 04/21/2013 - 18:32 | 3481521 scatterbrains
scatterbrains's picture

you beat me to it !

Sun, 04/21/2013 - 18:29 | 3481508 A Lunatic
A Lunatic's picture

1:1 ratio with the annual insurance premium under Obama care. Bullish...........

Sun, 04/21/2013 - 19:09 | 3481626 Croesus
Croesus's picture

Yeah, that bull is going to bounce higher....right into the Bernank's helicopter blades.

Sun, 04/21/2013 - 18:32 | 3481512 EvlTheCat
EvlTheCat's picture

What a bunch of shit!  In other news this is the only news website I can get to tonight.

Sun, 04/21/2013 - 19:16 | 3481644 knukles
knukles's picture

Really?...

Da duh da duh da duh...
Government conspiracy to twist your mind into marshmallow Jello

Sun, 04/21/2013 - 19:57 | 3481771 EvlTheCat
EvlTheCat's picture

I don't believe in the government, so that can't be it.

No, I just realized the 7 pages of porn I have open, updating and streaming may have something to do with it.  Girls in gold boots with 1oz AGE nipple pasties and gold chain mail panties wiggling what the good lord gave them.  Each for Silver, copper, platinum, rhodium, palladium.

Just appreciating barbarous relics.

Sun, 04/21/2013 - 22:29 | 3482350 toys for tits
toys for tits's picture

Thanks for making me google that.  Still couldn't find it but did find this.

Sun, 04/21/2013 - 18:29 | 3481514 LeisureSmith
LeisureSmith's picture

That bull is gonna look pretty silly when his hooves slip. 

Sun, 04/21/2013 - 18:32 | 3481524 toys for tits
toys for tits's picture

If they had drawn the bull on a tricycle, that would have been ridiculous.

Sun, 04/21/2013 - 18:31 | 3481515 HD
HD's picture

"Barron's is great at picking points where Bernanke (or Yellen) feels compelled to save the market from collapse."

Honestly, how can the Fed save the day this time? 250 a month in POMO?  500?

 

Sun, 04/21/2013 - 19:13 | 3481559 francis_sawyer
francis_sawyer's picture

Ummm... YES... I'll cya in a couple of months to confirm this reply... [IOW ~ QE 2 infinity... Whocoodanode?]...

Sun, 04/21/2013 - 18:31 | 3481517 scatterbrains
scatterbrains's picture

If you look closely the Bull on the Pogo... I mean Pomo stick is actually on a downward trajectory... and notice they omit the surface area where his stick is about to land.  I'm guessing quick sand.. but how to decipher the 16000 ?

Sun, 04/21/2013 - 18:34 | 3481518 DoChenRollingBearing
DoChenRollingBearing's picture

Yes...

In 15 minutes I start doing my Review this weekend of Barron's.  There are TWO other places in Barron's this weekend where the writers are more bullish than I think is warranted.  Indeed, a bad sign...

EDIT:

On the other hand, the S&P 500 is up some 6% + since last September (last bullish Barron's cover)...

Sun, 04/21/2013 - 18:32 | 3481520 The Invisible Foot
The Invisible Foot's picture

Top left says "Don't look now but deflation looms" HA.

Sun, 04/21/2013 - 18:35 | 3481528 toys for tits
toys for tits's picture

"Gold mining stocks could rise by 40%"

Sun, 04/21/2013 - 18:52 | 3481573 francis_sawyer
francis_sawyer's picture

Fucking 'gold mining stocks' are the redheaded stepchild in this event...

~~~

The whole purpose for the sabotage on PAPER GOLD prices is to get marginal [& perhaps NOT SO 'marginal], goldminers to eat their hats on the oppressive power of JOOBUCK printers to wipe them out & force them to abandon their efforts on the cheap...

When the fuck are all you  joo sychophants gonna learn?

Sun, 04/21/2013 - 19:57 | 3481750 fomcy
fomcy's picture

"Fucking 'gold mining stocks' are the redheaded stepchild in this event..."

What is your problem, sycophant punk? Gold miners will do what they always do - mine G-O-L-D.

Perhaps they are out of favor in the next (i don't know) week or two, but check back 2008...

Many of them will turn out to be 10x baggers + did you ever saw 5+% Dividends back then?

Miners definitely, in the play right now, unless dicks like you, decide to short 10 years lows, good luck on that.

Sun, 04/21/2013 - 19:19 | 3481661 Kirk2NCC1701
Kirk2NCC1701's picture

The only way you could get me to buy Jr stock is with OPM. Unless you have insider info from TPTB, you are literally gambling.

Expect industry consolidation, per the Plan.

Sun, 04/21/2013 - 19:28 | 3481684 francis_sawyer
francis_sawyer's picture

Industry consolidation = the jew bankers keep the paper price on Au & Ag down long enough to either put them out of business... OR, if necessary, have everything consolidated into JEW owned hands [or 'NATIONALIZED' ~ which is the SAME FUCKING THING]...

Welcome to the FREE JEW MARKET [in a JOOBUCK paper collapse] world...

Sun, 04/21/2013 - 18:32 | 3481523 Yen Cross
Yen Cross's picture

     Janet Yellen for MOAR QE. Where's 'Dog Breath Krugman'? chipping corners off his Nobel Piece prize to buy a loaf of bread...

Sun, 04/21/2013 - 19:42 | 3481712 knukles
knukles's picture

Knukles:  Hi Paul, welcome for joining us today on Knukie's Idiosyncratic View of Tomorrow Land, Today.

Paul Krugman:  Thank you Knukles.  But why may I ask do you call me names on ZeroHedge, it hurts my feelings and... (interrupted)

Knuks:  Paul, if I may call you Paul, even though my producers suggested I call you CrazyKrug... (interrupted)

PK:  That's just rude, I never called you any name, nor participated in ad homenien attacks on you, you fuclking asshole useless piece of goat turd.

K: Paul, our viewers would like to know something about your Nobel Prize.

PK:  Yes, I was awarded the Nobel Prize for Economics by a whole bunch of amazingly smart people for my outstanding contributions to the science of Economics.

K:  Errors of fact aside, I understand from your manservant and maid that you prominently display your Medal, your gold Medal, on the fireplace of your living room just below your self portrait and (interrupted)

PK  (Shouting) What the fugl are you talking about slime-ball!  How dare you ask my indentured unregistered Democratic servants any questions about my home or personal behavior which is none of your business and an invasion of my privacy.  You're a spiteful person with your ad homeien attacks on my person, you sleazy character, just as you are on ZH when you try to torment me!

K:  Well there you never answer my questions so now, maybe you will.  What we are interested in is why you've not sold your gold medal since you believe it to be a barbarous relic?

PK:  Because it has sentimental value and I like to own it.  And its shiny.  And they're hard to get.  Scarce.  Only a few around, finite supply, you know. And I deserved to own it because then people know I'm smart because I got it.

K:  But that's why people own gold, Paul.  But I suppose it reinforces the illusion you've accomplished something?  Why do you need it for an ego boosting proposition.

PK:  It has nothing to do with boosting my ego.  it's all amatter of value, percieved value.  And I can always pawn it if or sell it if I don't want it, anyway, since really is just a barbarous relic.

K:  Did you know it is just gold plated Tungsten?

PK  (yelling complete gibberish)

K: Thank you for being our guest tonight.  And next week, we'll have a retrospective on the Many Career Successes of Tim Geithner with Tim Giethner.  Good night!

Sun, 04/21/2013 - 20:00 | 3481779 Yen Cross
Yen Cross's picture

PK: Knuckes, you messed up my evil plan.

K: isn't a million dollar$ metal (coin) enough to start your own 'Banana republic'?

PK: I need some extra rope, gold braided/

 

 

 

Sun, 04/21/2013 - 23:22 | 3482486 css1971
css1971's picture

Nobel created all of the Nobel prizes in his will... But he didn't create the Nobel prize for economics.

More correctly it's called the "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel" and was sponsored after his death by the Sveriges Riksbank. Which as it happens is the world's first central bank. Presumably Nobel didn't think economics was worthy of a prize and the Nobel foundation had to essentially be bribed in perpetuity to add the economics prize.

Like much associated with banking, the Nobel prize for economics is not what it seems.

Sun, 04/21/2013 - 18:36 | 3481533 CURWAR2012
CURWAR2012's picture

The case for a bull market has of course run up against:

Euro depression   China Recession   US depression  Deflation 

Gold suppression  Obamacare initiation  Tax progression

Terrorist suggestion and reality

 

Sun, 04/21/2013 - 21:01 | 3482005 DeadFred
DeadFred's picture

And in the other corner weighing in at 85 Billion/month is Bennie Moarbucks Bernanke, please shake hands and come out fighting.

I'm betting Bennie is a paper tiger (pun intended) and gets whupped but it remains to be seen how long the fight will last or truthfully what the outcome of this experiment will be.

Sun, 04/21/2013 - 18:46 | 3481554 Frastric
Frastric's picture

This bull is so happy he never looked where he was going and fell down a pothole. Despite his valiant efforts and all the hopium he took, he became quickly acquainted with gravity again. Falling down the rabbit hole our bull met the bear -- who had a big grin on his mouth -- and bear was ever so cheered to see bull again, indeed he welcomes our bull with big flashing teeth and claws spread out in what would be the mother of bear hugs...

Sorry I'm high on oven-cleaner right now...

Sun, 04/21/2013 - 18:50 | 3481565 QE49er
QE49er's picture
So you've not yet lit the last four boilers?   No, I don't see the need. We are making excellent time. The press knows the size of Titanic. Now I want them to marvel at her speed. We must give them something new to print! This maiden voyage of Titanic must make headlines! Mr. Ismay, I would prefer not to push the engines until they've been properly run in. Of course, I'm just a passenger. I leave it to your good offices to decide what's best. But what a glorious end to your final crossing if we were to get to New York on Tuesday night and surprise them all! Make the morning papers. Retire with a bang, eh E.J.? [Smith nods reluctantly] Good man.
Sun, 04/21/2013 - 18:53 | 3481575 ebworthen
ebworthen's picture

AAPL back to $700!

The iT.V. and the iWatch will turn everything around!

Economy crashing, stawks ramping!  Buy stawks!  Buy!  Buy!  Buy!

Sun, 04/21/2013 - 19:05 | 3481610 Yen Cross
Yen Cross's picture

  Not without MOMO ebbie. The markets are a Fed induced circle jerk. No players, outside the usual subjects. Everyone's tapped out or waiting to buy armageddon @ pennies post 84 , on the XAU.

Sun, 04/21/2013 - 19:08 | 3481620 HD
HD's picture

Sums it up nicely.

Sun, 04/21/2013 - 19:46 | 3481727 Kirk2NCC1701
Kirk2NCC1701's picture

Your funny sarcasm aside, one should be aware that one can -- and some will -- make moar money on the artificial Bullcrap market, that there are other and safer options.

Not all revenue streams come or need come from paper/tertiary assets. It should not be a medium of wealth storage, unless you're prepared to watch that portion of your total assets 'crash & burn'.

Sun, 04/21/2013 - 18:59 | 3481593 q99x2
q99x2's picture

At this rate, with all the NWO wars going on and nobody left to milk, the Rothschilds and Rockefellers won't have a pot to piss in or a window to throw it out of. This year we will see the scum turning agaist one another. It is going to be a good year.

Sun, 04/21/2013 - 18:59 | 3481598 FischerBlack
FischerBlack's picture

Fuck it, dude. Clicking on the Ukrainian Singles ad in 3...2...1...

Sun, 04/21/2013 - 19:07 | 3481613 RSBriggs
RSBriggs's picture

I must be doing something wrong.  I just get Tazo Green Tea ads and 250 business cards for $9.99 via FedEx Office....

Sun, 04/21/2013 - 21:06 | 3482021 DeadFred
DeadFred's picture

Sad for you, but of course clicking on the ads is only for the purpose of supporting ZH with click through revenue. I wonder what Tyler would make if you actually bought one of the Ukrainians...

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