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30 Minutes Later - Markets Tapering (Gold Limit Down)
The initial knee-jerk taper-on move was met with reactive buying (as per trading guru Steve Liesman's wisdom) but that hope bounce (really only seen in stocks) has faded now and assets are pressing their extremes. USD pushing higher, Treasury yields higher, stocks and gold lower... Of course, all it takes is for one algo to get the idea of pricing in the inevitable subsequent un-taper and to send the entire risk complex soaring. Silver is now below $20 and Gold is Limit Down
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hm. I would consider long positions in options for SPY after selling in profit calls for AGQ or shares of HVU (like VXX) after a market smash.
Actual gold & silver have value no paper/electrons/contracts can, I can't see the risk being worth the reward knowing the day is coming soon when paper isn't even money anymore.
And still the VIX is held down. Absolutely fantastic manipulation. Until it all goes tits up on them all with the massive leverage in use
Hello huge "dip in spot", meet your ugly red headed cousin "huge premium".
Taper before Christmas?
No
Breaking: EUR/USD sold off after Goldman's Stolper says he sees euro up at $1.40 in 6 months.
Motherfuckers. One day we will get even.
On the funny side though a dumbass customer came into our business and started telling me to load up on fucking Bitcoins. He's always been a moron.
butt teh bitcoinz has teh encryptions and teh hashes!!
It is amazing to see that the fed use to have to impliment QE to get a respoanse from the markets, now just the mention of it can control the markets either way. I think they will keep QE forever and mention taper when the curve goes the wrong way to correct it. The sheep are now voice command trained just like a good dog.
Boy. What a prophetic observation.
Gold going to 900, nothing going to stop this train.
"It's a big club and you ain't in it!"
KWN makes me chuckle.
It's not. Just as the drop from 1000 to 650 years ago, which re-scaled to 1900 peak is 1235, we're NOW in the dip. Some slight volatility about the band will exist, say +/- 2% (or 25$/oz), but now is the time.
The proper re-scaling is to match the % move vertically (log scale equal distance) and to rescale the dates on the 10 or 15 year chart to log-scale.
You can then match up the peaks & dips without a problem. A simple graphic program can copy/paste a segment so you can see the dates.
OR on a spreadsheet you can use a rate-of-change graph to render the future trend-line of prices and then re-compute the dates from the log-scale values.
This means inside of 18 months we should see gold hit 3500/oz USD and the dip, the bottom, is PAST US already since July.
Jesus. Just when you think it can't get any more insane. This is some otherworldy criminality. How Gold is still linked to QE anymore is beyond me. The Fed has stated that they might taper with or without an improvement in employment. So they're basically stating that they may, for some unknown reason, deliver a killing blow to an economy they know is critically wounded. Would that statement not be enough to make someone think that a hard asset would be good in this coming scenario? But hey, I'm not an algo so what the fuck would I know.
So they Taper, hypothetically (highly unlikely I know but I'll play along). Stocks (and basically everything) craters, but where does the money (ie friends of the Fed) run to?
My thoughts would be useful commodities as this is representative of a financial apolocolypse scenario -- property etc. And PMs.
Oh now I see, the current climate is a sale for the Feds chums......and me. Fuck you very much Bernanke.
Cash is best, so you can buy the dips. Right now you can expect everything to fall in price, but not in value.
Which dip would that be, on the daily ,. the weekly, the monthly, or the yearly.?
I just love it when the vxx gets slammed and the market also! makes it easy to make money.
You short vxx and a market ETF (dia, spy ?) at the same time? Hm. I suppose if you want pennies in the day, sure.
Personally I'm looking to go long hvu (tsx) which moves like vxx (better multiplier).
Check this out : http://scharts.co/19PhMaB but then compare & contrast to this http://flic.kr/p/enJ7Cs
see where that's going. Takes a bit of a wait but it will pay large. Just make sure to use decent stops moving up with the market slam so you don't get left holding the bag when the re-injection is re-united OR when paper stops being money (at which point what gold, food, silver you've got is what you've got - and best of luck)
You know with Yellen the dove coming in, it's not surprising they smack gold way down so that she can say: the "expectation of inflation" is low and turn on the taps. What surprises me is that they can still get away with it--in the end it's delivery failure that will break the game.
This is the hundred dollar down day. When was the hundred dollar up day?
Looks like a down $30 day so far (gold that is).
My mistake. It was hit hard though this week. I wrote in the Globe to only buy an ounce or two IF you were out of debt when gold was 1800+.
However, I've wasted more money on worse things than insurance.
I'm waiting for Silver to drop below $14. 1.5 times my hourly rate.
Doubt that it will.
But if it did this would cut the price of 2x silver etf agq in half. 8.25/share easily.
If that were to happen in say... 90 days? some good coin could come from a put.
https://research.tdwaterhouse.ca/research/public/Stocks/OptionsDetail?extTDSymbol=AGQ%20P%2022MAR14%2013.00%20US
This one's got 120 days left, so let's say your fee is 0.20 each time to add on & using USD natively, take 1.2 off the strike of 13 and you've got a break-even of 11.80.
At 8.25 agq for 14 silver (2x etf) you'd be $350 richer and then you'd have some extra candy to trade for silver.
8.25/16.58 = (19.85/14)2 approximately.
Hows that gold under your bed working for ya?
The coins should be stored between the boxspring and mattress for a firm sleep. Bars go under the bed.
Hasn't lost an atom. Though, something has changed. It's as if I can hear them calling out for more shiney friends to join them as the paper price (+premium) drops.
Gold just a bitcoin with a little more heft
I'd say most of you are now losing money in gold, since you all claim to buy every dip.
Don't deny it.
I buy health insurance every month and lose money on that too.
Bernanke is getting to be like like the boy that cried wolf. Eventually nobody buys the taper story anymore.