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Gold And Silver "Bitcoin"-ed As Stocks Are "Baumgartner"-ed

Tyler Durden's picture
Submitted by Tyler Durden on 12/04/2013 14:21 -0400



 

Whether it was President Obama's call for moar debt, less spending cuts, and a safety bid from his implicit end-QE comments, technicals from moving-averages, or reflections of the USD weakness; precious metals are surging this morning... Stocks are tumbling further (as are bonds) back to EURJPY-implied levels... call for gold bubbles in 3...2...1...

 

 

And stocks have recoupled with the all-important carry trade...

 
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Wed, 12/04/2013 - 15:10 | 4214512 Conax
Conax's picture

I'm happy to see silver and gold going a little positive for a change, but I notice the 'Dollar index' looks like the Devil's Tower this morning.

They are running inverse to each other with silver lagging about a half hour.

Still, I'll take it.

Wed, 12/04/2013 - 21:40 | 4214756 MeelionDollerBogus
MeelionDollerBogus's picture

dollar index has no relation to silver or gold price.
Gold & silver have prices in every currency and what matters is a spike in ALL or drop in ALL.
fx ratios that induce a change in the poorly-weighted (and never-adapting) dxy index do not reflect actual multi-currency performance of gold or silver, much less measure value of the actual physical atoms.

For the fucktard who's so happy with the red button this is the data & graphical proof SHOWING dxy and gold price (and silver) CONSISTENTLY over many years do not move in the same direction or opposite direction consistently. They are UN-correlated, you dumb fuck.

http://flic.kr/p/9KeGPR

Wed, 12/04/2013 - 15:29 | 4214614 jmcadg
jmcadg's picture

Beware December 9th!

Wed, 12/04/2013 - 15:32 | 4214627 W74
W74's picture

What happens Dec. 9th?

Wed, 12/04/2013 - 16:24 | 4214885 The Abstraction...
The Abstraction of Justice's picture

It is December the 10th Eve!

Wed, 12/04/2013 - 17:57 | 4215199 soopy
soopy's picture

lol. Bitcoin-ed. that would mean gold settling at $6,000 and silver $100.

Wed, 12/04/2013 - 21:48 | 4216025 saulysw
saulysw's picture

Bitcoin has roughly gone from $10 to $1000+ in the last few months, or an impressive 100x. If gold did the same thing it would be trading at well over $100,000 per ounce.

Wed, 12/04/2013 - 21:51 | 4216032 Curiously_Crazy
Curiously_Crazy's picture

More like Gold $120,000 and Silver $1900 - but yeah your point still holds. It's why I rated the article a 1 (which I've only done twice before) because the comparison they give is meaningless. A pet peeve of mine is also graphs not starting with zero on the x axis; show us some perspective for crying out loud.

I'm into all three though. Gold and silver for the long haul and btc for new hardware/nerd goodies.

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