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Trannies On Best Run In 16 Months As Gold Hits 1-Month Highs

Tyler Durden's picture




 

Homebuilders have surged to the best performing sector off the debt-ceiling-debacle lows now (up a stunning 8.3%) despite a mixed bag of performance today with Trannies once again (10th of the last 11 days) surging to new all-time highs (as Oil prices slide further south). This is the best 11-day run (+9.9%) for the Dow Transports since June of last year. Treasury yields rose modestly once again (despite SocGen's threat of moar QE next week) but remain 3-6bps lower on the week. Gold and Silver had another solid day (+2.3% and 3.6% respectively on the week). The USD flatlined (-0.5% on the week) with EUR strength continuing (and CAD and AUD weakness continuing).

 

Homebuilders take over the top spot in the last 10 day's rally exuberance...

 

The Dow Transports just continue to soar...

 

Treasuries continue to limp higher in yield amid very low volumes...

 

Gold and Silver continues to rise - now at one-month highs...

 

Overall the USD was flat but JPY crosses seemed to be the mean-revrting asset of choice today (again...

 

Oil prices continue to collapse...

 

making us wonder - what changed in the summer of 2012? ;-)

 

Credit remains far less sanguine (and this afternoon's Fed comments sparked further weakness)...

 

 

 

Charts: Bloomberg

 

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Thu, 10/24/2013 - 16:09 | 4087792 flacon
flacon's picture

Gold, Silver, Miners at key resistance levels, and temporairly overbought in the short term. 

Thu, 10/24/2013 - 16:38 | 4087905 Quinvarius
Quinvarius's picture

Dude.  One thing miners are not is "overbought".

Fri, 10/25/2013 - 02:55 | 4089330 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is titillate by multi-color graph of skittle rainbow, but confuse... where is boy as dress like girl?

Thu, 10/24/2013 - 16:10 | 4087795 HedgeAccordingly
HedgeAccordingly's picture

you said tranny -gary says sowwy  http://hedge.ly/1h9P4Za 

Thu, 10/24/2013 - 16:15 | 4087819 JLee2027
JLee2027's picture

Trannies? Do not google

Thu, 10/24/2013 - 16:28 | 4087883 debtor of last ...
debtor of last resort's picture

I did. Came up with a Bernank-Yellen cocktail of some kinda deep-throat-qe. What the hell is that?

Thu, 10/24/2013 - 17:01 | 4087990 TeamDepends
TeamDepends's picture

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

In the midnight hour

She cried MOAR MOAR MOAR

With a Yanke-Yell

She cried  MOAR MOAR MOAR

 

Thu, 10/24/2013 - 19:05 | 4088375 Teddy Tenpole
Teddy Tenpole's picture

 

 

Very cool, thanks.  Where are they now?

http://youtu.be/4tlw_ifArIQ

 

 

Thu, 10/24/2013 - 21:35 | 4088766 HardAssets
HardAssets's picture

Trannies ?

Whew - - - - after seeing that article on off shore oil rigs, I thought ZH might be trending in a disturbing direction.

Thu, 10/24/2013 - 16:18 | 4087832 SheepDog-One
SheepDog-One's picture

Another +100 DOW day tomorrow in the bag already. It's Friday.

Thu, 10/24/2013 - 16:19 | 4087835 FuzzyDunlop21
FuzzyDunlop21's picture

Go long blood preasure medication because this shit is so stupid its gonna make me have a stroke

Thu, 10/24/2013 - 16:28 | 4087855 gjp
gjp's picture

AMZN - 24% revenue growth, zero margins.  Might as well just add another 5% to it.  When you have no earnings that means there is no P/E to worry about!  Even if they were able to do Walmart-level margins it would still be 50x here.  But don't get in the way of the cult stock freight train with Jim 'Cocaine' Cramer at the wheel and Ben 'Bubbles' Bernanke shoveling in the coal.

Thu, 10/24/2013 - 16:23 | 4087859 Sufiy
Sufiy's picture


China, Gold Prices & US Default Threats

RT quite naturally provides mass media platform for the discussions about the ongoing Gold market manipulations in the European and American Financial systems and transition of power from the West to the East with every Gold bar delivered to China. Now not only the facts are important, but who is presenting them and to what audience. After the years of all this "conspiracy theories" designated only to ears of the die-hard gold bugs, we have a very diverse audience with the thick cheque books including sovereign fund managers and Asian Central Bankers.

http://sufiy.blogspot.co.uk/2013/10/china-gold-prices-us-default-threats.html#

Thu, 10/24/2013 - 16:24 | 4087864 ivana
ivana's picture

I think that stocks have reached what looks like a permanently high plateau.

Thu, 10/24/2013 - 16:34 | 4087895 Al Huxley
Al Huxley's picture

Not so fast Ivana - they've a way to go yet before they reach that plateau.

Thu, 10/24/2013 - 16:42 | 4087918 Trimmed Hedge
Trimmed Hedge's picture

I clicked, but the only trannies I saw was one in an ad that reads, "Single? Meet Local Muscular Women - Join Free!"

Thu, 10/24/2013 - 16:51 | 4087956 maskone909
maskone909's picture

dude i got the same banner lol and i cleaned my cache as i am at work

Thu, 10/24/2013 - 16:43 | 4087921 Billy Sol Estes
Billy Sol Estes's picture

The proletariat cannot eat DJTA at the dinner table.

Thu, 10/24/2013 - 16:48 | 4087940 Fuh Querada
Fuh Querada's picture

Gold is rising more feebly than an octogenarian's prick.

Thu, 10/24/2013 - 16:51 | 4087958 Flakmeister
Flakmeister's picture

Not sure if they are in the Trannies but CNI is on a tear...

Thu, 10/24/2013 - 16:53 | 4087964 maskone909
maskone909's picture

here is my question

will the gold miners reach their 2008 highs if gold goes back to those levels?  i am wondering if we will see some erosion in the price per share due to inflation and other market variables

Thu, 10/24/2013 - 18:15 | 4088226 q99x2
q99x2's picture

BitCoin Last price:$199.00000

Thu, 10/24/2013 - 18:52 | 4088338 Teddy Tenpole
Teddy Tenpole's picture

 

 

Gold Bitchez!

 

hey, that fel good :0

Thu, 10/24/2013 - 20:04 | 4088522 disabledvet
disabledvet's picture

incredible. didn't the Fed just say "taper" a few months ago? now they say "no taper" and...it's off to the races! should be interesting to see if the dollar finally busts a move higher here. when Greenspan took over he did start hiking rates "in case anyone got any ideas." of course Mr. Market got those ideas anyways "and the rest they say is history." how is one to know indeed...

Thu, 10/24/2013 - 21:50 | 4088799 HardAssets
HardAssets's picture

"Mr Market" ?

 

They murdered him and the body has been cremated and buried at sea for quite some time now.

Fri, 10/25/2013 - 01:31 | 4089276 Obese-Redneck
Obese-Redneck's picture

speaking of trannies,  Chief Kessler and officer Pike are taking it in the can right now, pulling a train with Ted Nugent and the Koch brothers, like men.

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