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Market Turmoiling As 104 USDJPY Support Cracks
News that India may be folding on its capital controls had sent gold and silver surging this morning but following this morning's collapse in emergency claims benefits in the US (expected, but still shocking), precious metals are extending gains, Treasury yields are tumbling, and the USD is well offered. US and German stocks are also cracking lower (with chatter of a flash-crash in Germany's DAX). The more likely driver of all this weakness is that Nomura (or some large Japanese BoJ proxy) lost the 104 USDJPY anchor...
and trying to pin this on some fun-durr-mental news is pointless... this is why it's breaking...
Don't believe it?
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Okay people...do we have this rehearsed enough yet, or are we going to sit on our balls again?
BTFD
huh, don't we wait till the gold smack down?
I really can't wait for the crash. The suspense is killing me. All the useless and overly entitled uneducated darkies are going to start rioting and looting and it'll just be fun to watch
Through what scope?
BTW... No more Smith & Wesson for Commiefornia:
http://www.breitbart.com/Big-Government/2014/01/23/Smith-Wesson-To-End-M...
The market is freaking out about the unemployment drop to 5.9% and double taper.
that must be it, but lower unemployment is good, makes no sense
Also Japanese tapering whispers...
http://www.zerohedge.com/news/2014-01-23/japanese-tapering-whispers-defi...
and sub-50 China PMI...
and U.S PMI...and...what's that Mr. Yellen? Moar QE?
We need the deer, where's the deer?! And a Bonus Chart. We are singing Kumbaya around here and bouncing off the walls.
Yup, and by the time everyone's unemployed and has rolled off the benefits, unemployment will be zero percent. Hurrah!
DavidC
They'll come up with a new government statistics and call it Employed Unemployment.
It takes a lot of work to be unemployed so why not count it as being employed.
I mean you gotta collect your SSI, your EBT, your Section 8, and all the other benefits.
It takes a lot of work to get on these programs and walk to the bank to cash your benefits checks.
And, think of the long hours these people work at being unemployed. Would put an 80 hour per week piker in the private sector to shame.
The unemployed work at it 24/7/365.
I think the new emerging class will be called the "Leisure Class" --At least, that is how I refer to my class standing.
I think the new emerging class will be called the "Leisure Class" --At least, that is how I refer to my class standing.
Low unemployment is bad. It means the free money is over. The tail wagging the dog.
What utter bullshit. Ballistics don't give a rat's ass about the shell casing, it is the bullet that is important and each pistol already leaves a unique set of markings on the bullet. What a waste and blatant law to prohibit pistol sales. This will work as well as any other form of "prohibition".
ouch thats gonna leave a mark
FH Herstal® Five-seveN USG is a 20-round pistol that fires a 5.7mm bullet that will defeat most body armor. Essentially, the FH Herstal® Five-seveN USG is a leap forward in handgun suitablity for close engagements delivering outstanding performance. The FH Herstal® Five-seveN USG has an extremely low recoil impulse resulting in virtually no muzzle climb, giving you fast and controllable follow-up shots when you need it most. Weighing 30% less than most 9mm pistols, the smoothly contoured FH Herstal® Five-seveN USG is comfortable to carry and quick to deploy. SPECIFICATIONS: FH Herstal® Five-seveN USG Manufacturer Number: 3868929120 Action: Single Action Only Caliber: 5.7 MM X 28 MM USG Barrel Length: 4 3/4 Inch Overall Length: 8 3/16 Inch Capacity: 20 Round Safety: Manual Grips: Polymer Sights: Adjustable Weight: 20.8 Ounces Finish: Black FN Herstal Five-seveN Pistol FN Herstal Five-seveN, 3868929120, Black, Semi-Auto, Full Size, 5.7x28mm, 4 3/4, Polymer, 20 Rd FN Herstal Handguns (Pistols) UPC: 818513002509 MFG ID: 3868929120
It's a bit large for carry. But an awesome gun. Very fun to shoot. Pistol range may not allow, may have to shoot at the rifle range. 2000+fps out of the barrel depending on the cartridge. Good times...
Assuming there will be no uneducated whities in the mix? When there's nothing left to lose, THEY lose it...
Open Letter To CPM Group http://www.ingoldwetrust.ch/open-letter-to-cpm-group
I am amazed that I havent seen any shortages yet.
Really hoping someone hasnt figured out alchemy.
let it get a little dipper yet. Skipped a pack of cigs and bought 1 share tvix. WTF lose either way
OOOOPS! Looks like BofAML was right on last week!
http://www.zerohedge.com/news/2014-01-13/bofaml-warns-usdjpy-trend-has-t...
hoping to watch levered equity bulls play Owe! Ouch? My Ballz! But alas, it will just be another -1% btfdotath opportunity.
dont worry, fix it felix jr will fix it.
Gold smack downs just do not work anymore. The sun is rising for us here and I would not wait any longer if any of you are actually waiting.
Our turn?
Sure.
Can we have a hallelujah in the house!!!!
Keep calm!
Let's not get ahead of ourselves. Don't underestimate the Fed's resourcefulness. Or the bullion banks' desperate need for gold to stay low.
NICE!
time to take some profit today on my gold and silver calls :)
Will Gold cut through $!270 this week - after that level we will have the real Fireworks with Shortsqueeze:
Jim Rickards: "The Fed Is Insolvent And Wants Gold To Rise Orderly"
Jim Rickards discusses QE and FED 4 Trillion balance Sheet and its implications for the economy, US dollar and Gold. FED is insolvent if they mark to market their assets now. If economy is not so strong as they want us to believe FED will be tapering into the weakness with coming recession in 2014 as the result of it. It is possible that in this case FED will have to play down the Taper or ever increase QE again. Today's action in the market is very interesting: Gold was Smashed-down from the all-important levels $1250 - $1270 after which Shorts will be burned, but Gold Stocks are not biting into this new attack and are holding well to the upside so far. It is the very important sign of the strength of the Gold market break out to the upside. http://sufiy.blogspot.co.uk/2014/01/jim-rickards-fed-is-insolvent-and-wa...
Ctrl-Alt-Launch?
No keyboard necessary! Just unlock the switch and push! (No joke)
http://www.flickr.com/photos/mike_s_etc/2425764977/
About damn time.
Baltic dry tumble continues. Now at 1271
death cross gold/baltic
Flim and Flam the magical Unicorns will save the day soon!
"Friendship is Magic"!
http://mlp.wikia.com/wiki/Flim_and_Flam
I like that US Inverted Curve by 2016
bought vix calls yesterday ..May expiration..
The day you see the market sell off huge and yields spike you can finally pay attention. Until then this is SSDD.
From FED: Dear Bears...this is it, really, no REALLY. If you have any or your face left get in there and load up with everything you got, short the indexes, short NFLX, short AAPL, short everything...we need the fuel for the next leg up...this 1850 is turning out to be tougher than we expected
To the FAZmobile! (it has a penetrating rod built into the seat)
SELL SELL muhahaha
gold is up $15, the same price it was 2 days ago....
OMG GOLD SURGES!!!11!1!
When we have a disorderly sell off then I will be concerned. Otherwise this is just a trap to lure in some bears ahead of China's first "default".
disorderly? with that yellenator out there? and the crooks at jpm? rhinocerous? imposserous! [/cowardly lion]
dr?ya smelling deflat in that coffee...
Fear and loathing in the FX market. The FX price boards look quite different than they did yesterday; an "interesting" day.
The 50 day avg.(usd/jpy) is coming up in the 103.10 area. If that goes things could really accelerate to the downside.
didn't you call this last week?
Have my eye on the 101.50/60 area.
start planning nice get away! costa rico?
I hope this is the ending with tears...
... go short, and at least you shall receive what you hoped for ... ;-)
I can't fucking take it anymore. I have to put in a sell order on NFLX at $400.00, even if it's just for one lousy share. It's a matter of principle.
Bullshit! It's a matter of results - so don't.
Coming soon to a a market near you, the Hillary QE.
But, will the world stop turning long enough for the Great Lesbo to become the next POTUS?