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Gold Gets Jobs Leak Early Again?

Tyler Durden's picture





 

It wouldn't be a non-farm-payrolls (or for that matter any government report) without the ubiquitous "early" move in precious metals before the report is given to the general public. As Nanex shows, Gold's price moved in a 'correct' downward (taper-on) way on the "good" news that jobs are 'improving' 7 seconds before the report hit...

Via Nanex,

 

1. Trades in All Futures.
Lots of movement seconds before 8:30 Jobs news.



2. Quotes in All Futures.



3. February 2014 Gold (GC) Futures.



4. February 2014 Gold (GC) Futures - Zooming in to 8:29:47 to 8:30:14
Gold moved sharply a full 7 seconds before the official Employment news release.


 

 


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Fri, 12/06/2013 - 10:14 | Link to Comment Quintus
Quintus's picture

It's NFP day. Gold was going to get sold regardless of the jobs number posted.  Why not get started early?

Fri, 12/06/2013 - 10:25 | Link to Comment dryam
dryam's picture

Sometimes in the land of Oz not all the levers get pulled exactly when they should.

Fri, 12/06/2013 - 10:44 | Link to Comment SilverIsKing
SilverIsKing's picture

Gold has esp. It knows things other elements can only dream of.

Fri, 12/06/2013 - 11:18 | Link to Comment debtor of last ...
debtor of last resort's picture

Remarkable news from FOFOA; fake coins on Ebay. Haven't read the whole story yet, but take a look.

http://fofoa.blogspot.nl/2013/12/public-service-announcement.html

Fri, 12/06/2013 - 11:53 | Link to Comment Debugas
Debugas's picture

buying gold over internet is plain stupid

Fri, 12/06/2013 - 12:12 | Link to Comment White Owl
White Owl's picture

This is the reason knowledgeable buyers of higher priced numismatic slabbed coins demand CAC authentication and certification now.

Fri, 12/06/2013 - 10:18 | Link to Comment XAU XAG
XAU XAG's picture

Another.............GroundHog Day!

Fri, 12/06/2013 - 10:25 | Link to Comment Non Passaran
Non Passaran's picture

I call this a goldhog day

Fri, 12/06/2013 - 10:21 | Link to Comment kliguy38
kliguy38's picture

Don't be too hasty today. Counterintuitive moves in gold to shake out the weak hands with JPM now net long big in the COMEX leaves limited time on the downside. So WHY NOT take it up now.......I hope these bastards push it cheaper because its all a gift here. You will look back on this in a few months and say "BOY was I a stupid chicken shit for not loading up" instead you're looking at Bitcoin.....heheheheheehheehehehehehe

Fri, 12/06/2013 - 10:16 | Link to Comment stateside
stateside's picture

When the shorts can't push gold down on a day when the payrolls come in higher than the highest forecast, the gig is up for the gold shorts.  Taper will be positive for gold.  Buy the rumor, sell the news.

 

stateside

Fri, 12/06/2013 - 10:25 | Link to Comment Non Passaran
Non Passaran's picture

Taper will be negative, but the crapout that will follow it will be positive.

Fri, 12/06/2013 - 10:46 | Link to Comment SilverIsKing
SilverIsKing's picture

Taper? Negatory. Won't happen.

Fri, 12/06/2013 - 10:19 | Link to Comment NOTW777
NOTW777's picture

hard bounce off 1210

Fri, 12/06/2013 - 11:52 | Link to Comment Rubbish
Rubbish's picture

Didn't we bounce off 1213 a couple trade days ago also?

 

I like what I see, buying a couple more today, my Christmas present.

Fri, 12/06/2013 - 10:20 | Link to Comment serog
serog's picture

Seems like I should be able to make a lot of money knowing that this happens everytime.  Takes me longer than 7 seconds to log in to eTrade though.

Fri, 12/06/2013 - 10:20 | Link to Comment greatbeard
greatbeard's picture

Gold is going to get hit no matter what.  No need for a leak to get the ball rolling.  The folks who are making up the numbers are also the folks hitting gold.  How many times do you gold bugs have to get punched in the nose before you realize you're fucking with the biggest bully on the financial playground?  Suck it up and take it like a bug.

Fri, 12/06/2013 - 10:29 | Link to Comment CitizenPete
CitizenPete's picture

Then after the bomb drops and all is destroyed only the bugs will have survived in the cracks amongst and despite the carnage of the livestock.

Fri, 12/06/2013 - 10:30 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

That would take some forward thinking to realize that.

Fri, 12/06/2013 - 10:42 | Link to Comment greatbeard
greatbeard's picture

>> That would take some forward thinking

So you don't realize it?

Fri, 12/06/2013 - 11:04 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I realize when you will really need to own precious metals...you won't be able to find any. That's why I started buying it over a decade ago.

Fri, 12/06/2013 - 11:55 | Link to Comment greatbeard
greatbeard's picture

>> I started buying it over a decade ago.

Yeah, yeah, I know, you loaded the boat at the bottom tick.  Something Freudian about you folks who always need to validate yourself.  You remind me of the "Trust me, I'm a Christian" folks.

Fri, 12/06/2013 - 13:07 | Link to Comment kk1532003
kk1532003's picture

That's not what he said. He said he has been buying for a decade. So maybe he bought some at $400 and maybe be bought some at $1,900. And maybe he bought all through the middle. Point is when it matters, it won't "matter" where in that range he paid. All that matters is that be owns. And you my friend will be left holding shit salad.

Fri, 12/06/2013 - 13:39 | Link to Comment greatbeard
greatbeard's picture

>> And you my friend will be left holding shit salad.

Fact is you don't know your ass from a hole in the ground.  And Z brownshirt has been blabbing about buying his gold at the bottom tick for a long time.  Pay attention.

Fri, 12/06/2013 - 10:48 | Link to Comment disabledvet
disabledvet's picture

I was kinda hoping for this story "before the leak" as it were. panic is starting to set in as the folks trading "long only" need a sneak peek...and are willing to pay for it. oil prices are in deep doo-doo too I think...but we'll see. nGDP targeting means even larger monetizations going forward I order to "target" a base level of growth in the economy. This will be done because Keynsianism has failed...but monetarism "in extreme form" has not. in this context gold is in a "glut" believe it or not...if it's any consolation so are a lot of other things.

Fri, 12/06/2013 - 13:12 | Link to Comment Manipuflation
Manipuflation's picture

"How many times do you gold bugs have to get punched in the nose before you realize you're fucking with the biggest bully on the financial playground?"

 

MOAR times.  Bring it on.  We shall see who is still standing when the dust finally settles.

Fri, 12/06/2013 - 10:22 | Link to Comment ziggy59
ziggy59's picture

PMs...,sell often, sell early...

Fri, 12/06/2013 - 13:26 | Link to Comment silverserfer
silverserfer's picture

spoken like someone that has two things in common. 

No PM's actualy sell

No brains to backup talk

naked short selling PM's and intelligence. Classic. 

Fri, 12/06/2013 - 10:23 | Link to Comment CitizenPete
CitizenPete's picture

The Impotent-Chilton 7 Second Micro-Fix Rule.

Fri, 12/06/2013 - 10:27 | Link to Comment Calculus99
Calculus99's picture

LOTS of movement inthe Yen crosses as well in the 20 secs before the relase time.

Money is money, a $1 made in Gold is the same as made via any contract.

Pigmen are operating EVERYWHERE.

Remember what Hypertiger used to say -

When they ring the opening bell it's the start of a crime spree.

Fri, 12/06/2013 - 10:28 | Link to Comment asteroids
asteroids's picture

They have no shame, not 1 second, by 7 whole fucking second.

Fri, 12/06/2013 - 10:30 | Link to Comment lunaticfringe
lunaticfringe's picture

Call the government porn watching stooges. Surely they will stop this.

Fri, 12/06/2013 - 10:40 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I'm sure the new kid over at the CFTC will be all over this.

Fri, 12/06/2013 - 11:07 | Link to Comment kralizec
kralizec's picture

Yes.

He will be asking "Where's my cut?"!

 

Fri, 12/06/2013 - 10:30 | Link to Comment jmcadg
jmcadg's picture

Nice set up for a big hit on Dec 9th - huge POMO.

Ready to back the truck up.

Fri, 12/06/2013 - 10:33 | Link to Comment HFBondsTrader
HFBondsTrader's picture

It wouldn't be NFP Friday if not for Nanex making vague, partially informed accusations...

Fri, 12/06/2013 - 23:33 | Link to Comment nanex
nanex's picture

Typical HFT blather? Let's see: 

 

 

  • Vague complaint
  • No evidence to back it up
  • Comments have no bearing on article
  • No substance
  • Anonymous coward

 

Oops, you missed a few:

  • Conspiracy talk
  • Ad hominem attack

 

You are slipping.

 

-nanex

 

Fri, 12/06/2013 - 10:54 | Link to Comment put_peter
put_peter's picture

No its just hedge fund managers trying to make a momentum ignition. Failed again as have their last years. But keep trying! It has been a very lucrative strategy to follow their steps and make the opposing moves at the right moment.

Please ask uncle Carl if you have any doubt about this :)

Fri, 12/06/2013 - 11:00 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

Gold is solid.

 

Large movements in the paper price? Those are like liquid. Is there some entity, like The Fed, supplying a lot of paper liquidity to the market?

Fri, 12/06/2013 - 11:10 | Link to Comment Manipuflation
Manipuflation's picture

Fucking eh.  Like I needed this.  I'm already pissed off today.  I got the garage door to open but now I can't close it and there is about 15K sitting in there not including the 4x4.  Grrr...  I hate winter.

Fri, 12/06/2013 - 11:27 | Link to Comment q99x2
q99x2's picture

I think the bankers must be holding out on some huge private stash or they have found a way to manufacture gold. Something isn't right.

Fri, 12/06/2013 - 12:22 | Link to Comment White Owl
White Owl's picture

Did anyone bother to think that some (perhaps more than half?) of the physical gold heading into Hong Kong and Shanghai these past months is not just for China? Research 08-08-2008 on the opening day of the Olympics when Papa and Dubya Bush were there.

Fri, 12/06/2013 - 11:41 | Link to Comment 666
666's picture

Just doing God's work.

Fri, 12/06/2013 - 11:50 | Link to Comment kenezen
kenezen's picture

Those are the micro timers. Yawn! I really am jealous but, not sufficiently mentally equipped to compete. Nano-seconds not my gig. It must be nice not having to carry a position of how bogus the number is for those nano-seconds.

Fri, 12/06/2013 - 12:17 | Link to Comment Pesky Labrador
Pesky Labrador's picture

I would assume it is the time delay in the broadcasting.

Fri, 12/06/2013 - 12:57 | Link to Comment Trampy
Trampy's picture

If you want an interesting trade, check out NG, which is in a massive short squeeze launched by very slightly bullish EIA #s (that ALWAYS leak BTW) and it's being pushed up further by gas wells freezing up from the cold weather pushing east.  San Juan basin wells have much better protection against cold weather than the dumb Texans have.  They call it freeze-offs.

Best way to play is to wait for a top and then write OTM calls at major strikes like 4.50 where there's always a market so stops can stay on overnight.  Three weeks to expiry.  NG cannot stay above 4.00 for very long because secular trend is down so bears dominate in big money action.  EIA #s for NG are 24 hours after the CL #s.

Fri, 12/06/2013 - 13:14 | Link to Comment fijisailor
fijisailor's picture

Translation please

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