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USD, Bonds, And Bullion Down Post Fed Minutes

Tyler Durden's picture




 

Broadly speaking, markets shrugged at the Fed minutes but as te last 30 minutes evolved, the relative hawkishness (though remember tapering is not tightening) QE message - and fears over excessive risk-taking - have sparked weakness in several asset classes (except stocks for now)...

 

 

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Wed, 01/08/2014 - 15:36 | 4312541 Rehab Willie
Rehab Willie's picture

Now we wait for Nanex to see the TRUTH.

Wed, 01/08/2014 - 16:05 | 4312625 AllThatGlitters
AllThatGlitters's picture

Head Fake?

Silver is now creeping higher.

Live Silver Chart:
http://www.pmbull.com/silver-chart/

Or are those now rising candles a head-fake to induce me into thinking the dip was a head fake?

Blah...

Wed, 01/08/2014 - 16:21 | 4312686 Lewshine
Lewshine's picture

You get the BONEHEAD award for thinking a chart of any kind could actually matter, when manipulation is the source of all action!!! Geeez.

Wed, 01/08/2014 - 16:21 | 4312687 Occident Mortal
Occident Mortal's picture

...Crrrreakk....

Crrr EAK. .... ...

......... creAK...

Yrrrrrrrreeeaarrrrrk ......

... MmmmmWAAARHhhhhhhhhh ...

Erm, should we be standing under this dam?

Wed, 01/08/2014 - 15:37 | 4312543 DIgnified
DIgnified's picture

Dont even care anymore.  Can we just get this over with?

Wed, 01/08/2014 - 15:42 | 4312559 stocktivity
stocktivity's picture

No....QE 4 thru 10 coming.  It's all Bullshit!!!

Wed, 01/08/2014 - 15:47 | 4312578 El Vaquero
El Vaquero's picture

I don't think that they should bother numbering QE in the future.  They should just call it QEULTRA

Wed, 01/08/2014 - 15:43 | 4312563 NotApplicable
NotApplicable's picture

Nope. There will be no escape.

Wed, 01/08/2014 - 15:59 | 4312611 Chupacabra-322
Chupacabra-322's picture

THE UNITED STATES OF AMERICA (corporation) is in its FOURTH bankruptcy!
Bankruptcy 1: 1791, about the time the Bill of Rights and signing of the Constitution was finalized.
Bankruptcy 2: 1861 (about 70 years later) resulting in the issuance of 'greenbacks'
Bankruptcy 3: 1931 (again, about 70 years later) when gold was confiscated by the government, and finally
Bankruptcy 4: NOW--since 9/11/2001 ( almost 70 years to the day as the last bankruptcy was September 10, 1931.

Source: http://realitybloger.wordpress...

Wed, 01/08/2014 - 16:21 | 4312689 CynicLaureate
CynicLaureate's picture

What's the rush? Getting it "over with" probably means collapse at this point.

"Eat, drink, and be merry, for tomorrow we die." -- Ecc 8:15 / Isa 22:13


Wed, 01/08/2014 - 15:38 | 4312546 papaswamp
papaswamp's picture

Watch out oil..... price is dropping below cost of upper end of shale extraction ($70-95 per barrel). Price decline keeps up too long and some fields are going to begin to shut down. Interesting impact on imports as well as jobs in the big shale zones.

Wed, 01/08/2014 - 16:03 | 4312624 toothpicker
toothpicker's picture

No worries since we have paper oil

Wed, 01/08/2014 - 16:22 | 4312696 CynicLaureate
CynicLaureate's picture

You can burn paper oil, but you can't put it in your Prius.

 

Wed, 01/08/2014 - 15:39 | 4312548 slotmouth
slotmouth's picture

The lack of movement in es, despite huge volume is what is most impressive.  HFTs are gonna make it rain at the strip club tonight.

Wed, 01/08/2014 - 15:42 | 4312557 Cursive
Cursive's picture

@slotmouth

In HFT the PTB trusts.  Interesting to see what the real floor is underneath this three ring circus of a "market."

Wed, 01/08/2014 - 15:39 | 4312549 unwashedmass
unwashedmass's picture

they are trying to work the HUI under 200 and ... i suspect t hey will try to walk gold/silver down overnight. 

the flash crash smash and grab is getting too much attention, and we don't want the peasants to flee before fleecing.

Wed, 01/08/2014 - 15:41 | 4312555 Richard Chesler
Richard Chesler's picture

Stocks are not overvalued. Please remain in your seats while we step out and lock the door.

 

Wed, 01/08/2014 - 16:00 | 4312571 Musashi Miyamoto
Musashi Miyamoto's picture

Bond prices will continue to rise until they change their mind.

https://pathofmusashi.wordpress.com/2014/01/08/how-to-get-square-and-ret...

edit: interest rates, not bond prices

Wed, 01/08/2014 - 16:26 | 4312713 Lewshine
Lewshine's picture

I think we've concluded that any yield over 3.00 on the 10 yr is the line in the sand. LOOK, Ben's allowed the Dow to drop triple digits today in order to push dumb money into bonds to do his dirty work...DIE!!!!!!!!!

Wed, 01/08/2014 - 15:47 | 4312577 unwashedmass
unwashedmass's picture

 

No love on workin' down the HUI. stuck in the mud. there could be alotta very disappointed shorts.....have they overplayed hand here? I mean, they got these things down to pennies on the dollar.....

Wed, 01/08/2014 - 15:49 | 4312583 Save_America1st
Save_America1st's picture

Ummm...how about just keep stacking phyzz silver???  I dunno...call me crazy, but my stack is still the same amount of ounces, only it keeps growing each time I trade away these green pieces of toilet paper stuff for nice shiny silver.  It's like magical or something!

Wed, 01/08/2014 - 15:50 | 4312587 Odin
Odin's picture

lol... It's ridiculous how many times they can say the word taper to no avail and still the markets react. What's the definition of insanity again?

Wed, 01/08/2014 - 15:56 | 4312605 Spungo
Spungo's picture

"HFTs are gonna make it rain at the strip club tonight."
Have you ever tried doing this in Canada? They use metal coins instead of paper for $1, so it often ends bad.

Wed, 01/08/2014 - 15:56 | 4312606 madbraz
madbraz's picture

30 year bond is up since Fed minutes.  Makes sense.

Wed, 01/08/2014 - 16:06 | 4312640 Youri Carma
Youri Carma's picture
US Generic Govt 10 Year Yield 3.00% Now

http://www.bloomberg.com/quote/USGG10YR:IND

Wed, 01/08/2014 - 16:16 | 4312665 Bastiat
Bastiat's picture

Gold up: Mr Yellen, we have a problem.

Wed, 01/08/2014 - 16:16 | 4312671 Rising Sun
Rising Sun's picture

Earnings season is nigh

 

should be fun

Wed, 01/08/2014 - 16:25 | 4312710 Conax
Conax's picture

They vex me.  I'm terribly vexed.  Real money is cheapened, everything else is going to the moon.

Buy more money.  It pisses the planners off no end.  Which is a fine thing and worth the price of admission, paid in scrip.

 

Wed, 01/08/2014 - 16:27 | 4312716 youngman
youngman's picture

after analizing the minutes....I have this feeling they have no idea what they are doing....and they are making decisions by a group consensus.....and that is never the best one....

Wed, 01/08/2014 - 16:39 | 4312754 Bastiat
Bastiat's picture

It's hard to say anything intelligent and to the point once you've painted yourself in the corner.

Wed, 01/08/2014 - 17:05 | 4312841 DarthVaderMentor
DarthVaderMentor's picture

They are going to screw it up and cause the crash as their common sense and fear take over and they try to take their feet off the accelerator just before going off the cliff, my esteemed friends......hesitation and having a conscience  is a bitch in this business!

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