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And The Best Performing Asset Class Since 'The Taper' Is...

Tyler Durden's picture





 

Gold...

 

 

S&P 500 (green) and Dow are approaching unchanged; The Long Bond is modestly higher in price; The USD is unchanged but Gold is up 3%...

 


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Fri, 01/24/2014 - 16:27 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

GOLD BITCHEZ !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! YIIIIAAAAAY!!!!!!!!!!!!

hehe

Fri, 01/24/2014 - 16:32 | Link to Comment aVileRat
aVileRat's picture

Just don't forget to cover.

The last two weeks would make for an awesome behavioural econ. paper if your jr. associates or principals are looking at hitting the ejector seat (or are being ejected) this year.

 

Fri, 01/24/2014 - 16:44 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

A great way to safely store a little gold is by placing 1/10th ounce krugerrands in an L.L. Bean money belt, and hanging it in the closet with a bunch of other belts.  Hiding in plain sight, and readily portable.

 

http://www.zerohedge.com/contributed/2014-01-24/lets-talk-disintermediat...

Fri, 01/24/2014 - 17:21 | Link to Comment Levadiakos
Levadiakos's picture

Sounds more like a recipe for walking around with your pants around your ankles

Fri, 01/24/2014 - 19:24 | Link to Comment NotApplicable
NotApplicable's picture

So that's why all the homies got dey pants on the ground!

Fri, 01/24/2014 - 19:43 | Link to Comment Rukeysers Ghost
Rukeysers Ghost's picture

I like keeping my gold in my teeth. It also helps in keeping my pimp hand strong.

Fri, 01/24/2014 - 16:37 | Link to Comment midtowng
midtowng's picture

Don't expect much. It's only going up because all the weak hands have already sold. expect the climb to be slow with lots of corrections (like 2002-2007)

Fri, 01/24/2014 - 17:22 | Link to Comment madbraz
madbraz's picture

Best performing asset is...the zero coupon long bond, trouncing gold since the taper: +7%

Fri, 01/24/2014 - 17:38 | Link to Comment Levadiakos
Levadiakos's picture

Flagged! I challenge that chart. The headline is plainly misleading. Cherry picking the competition, the timeframe, the results are clearly rigged. About 2 dozen "asset classes" missing. Compare SPX w GLD &c. Besides when was there any taper?

Fri, 01/24/2014 - 17:22 | Link to Comment madbraz
madbraz's picture

Best performing asset is...the zero coupon long bond, trouncing gold since the taper: +7%

Fri, 01/24/2014 - 17:42 | Link to Comment Levadiakos
Levadiakos's picture

Last I looked gold is 1/3 off its high. That's a alot of anal dialation.

Fri, 01/24/2014 - 16:24 | Link to Comment fooshorter
fooshorter's picture

< Gold

< Bitches 

 

Choose. Wisely.

Fri, 01/24/2014 - 16:25 | Link to Comment slotmouth
slotmouth's picture

I want both :{

Fri, 01/24/2014 - 17:09 | Link to Comment Agstacker
Agstacker's picture

If you have gold you get both :)

Fri, 01/24/2014 - 16:37 | Link to Comment HamRove
HamRove's picture

Apparently there are a few bitchez here...good to know.

Fri, 01/24/2014 - 16:24 | Link to Comment IridiumRebel
IridiumRebel's picture

I'm such a battered owner....when it crosses 1500 I'll begin to notice. Until then KEEP STACKING!!!!!!!

 

keep stacking afterwards too

Fri, 01/24/2014 - 17:49 | Link to Comment Levadiakos
Levadiakos's picture

Is it hard work to average down that $50 silver?

Fri, 01/24/2014 - 20:55 | Link to Comment oddjob
oddjob's picture

WTF does a Greek know about hard work.

Fri, 01/24/2014 - 16:25 | Link to Comment fonzannoon
fonzannoon's picture

gold is best performing asset since taper, and as well documented on here, they can never taper, or undo QE...so what happens when they untaper?

Fri, 01/24/2014 - 16:26 | Link to Comment IridiumRebel
IridiumRebel's picture

unglued

Fri, 01/24/2014 - 16:28 | Link to Comment NoDebt
NoDebt's picture

Oh, come now, Fonz.  They would never do THAT.

Fri, 01/24/2014 - 16:28 | Link to Comment frankthomaswhite59
frankthomaswhite59's picture

I bet they don't taper

Fri, 01/24/2014 - 16:34 | Link to Comment SilverDOG
SilverDOG's picture

fonzannoon

 

Drive your vehicle in rush hour with low tire pressure at HFT speed.

CWAZY.

Fri, 01/24/2014 - 16:36 | Link to Comment fonzannoon
fonzannoon's picture

now thats cryptic

Fri, 01/24/2014 - 16:44 | Link to Comment eclectic syncretist
eclectic syncretist's picture

They do it covertly.

Fri, 01/24/2014 - 16:26 | Link to Comment ebworthen
ebworthen's picture

Anyone want to buy my Obama Chia Pet?

Fri, 01/24/2014 - 16:29 | Link to Comment IridiumRebel
IridiumRebel's picture

no

Fri, 01/24/2014 - 16:37 | Link to Comment SilverDOG
SilverDOG's picture

ebworthen

 

 

Same company sell Pet Headstones ?

Fri, 01/24/2014 - 16:46 | Link to Comment eclectic syncretist
eclectic syncretist's picture

I got as a Christmas gag gift for a friend and told him he had to salute it as the Commander in Chief every time he walkes past and he said he's putting it outside where he can piss on it.

Fri, 01/24/2014 - 17:06 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Anyone want to buy my Obama Chia Pet?

Only if you'll throw in a few hundred Ty Beanie Babies.

Fri, 01/24/2014 - 17:16 | Link to Comment lakecity55
lakecity55's picture

I let mine grow an afro, drew on some sunglasses and painted a red star at the base.

Fri, 01/24/2014 - 16:27 | Link to Comment NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Mean reversion bitchez!

Fri, 01/24/2014 - 16:28 | Link to Comment gaoptimize
gaoptimize's picture

Those with margin calls waiting to end of day, hoping this would have ramped, now sellng into close?

Fri, 01/24/2014 - 16:38 | Link to Comment FieldingMellish
FieldingMellish's picture

No. 1800 will be taken by the close and a dash for 1806 maybe. Volume? Who needs volume? They are probably bending some esoteric currency pair to do this.

Fri, 01/24/2014 - 16:31 | Link to Comment stant
stant's picture

martin armstrong says its time for gold

Fri, 01/24/2014 - 16:31 | Link to Comment delivered
delivered's picture

Emerging markets in trouble. Ukraine ready to explode and others looking helpless at defending their currencies (South Africa, Turkey, Argentina, etc.). Problem is, the EM issue is now basically impacting every continent in the world. China credit/debt pressure building with first "event" set for late January. My guess is far more heartburn in China to follow given that $4 trillion has left the country over the last ten years. A number of parties indicating $1,270 is an important gold level for the shorts to feel some real pain (we'll see). All leaading to pressure on major indexes around the world. Is this just a temporary correction or something much deeper? We shall see but you have to figure some highly marginned players are not feeling easy going into the weekend. 

Fri, 01/24/2014 - 16:48 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Ya know, seems to me that what they're calling an "emerging market" issue, would be more properly called a "central banking" issue, but of course they're always so worried about that "confidence" thing.

Fri, 01/24/2014 - 17:03 | Link to Comment Seeking Aphids
Seeking Aphids's picture

Precisely ES. The inflation that was exported to EM countries is now starting to have a real impact on currencies....this is all due to the Fed's massive printing of $$'s.....the global currency at this point in time. An incredibly irresponsible act that will go down in history as the cause of the Global Depression of 2014 - 2024. Gold should be a reasonable hedge but you never know.....they have ways of getting your assets - even those which are at the bottom of various lakes/bodies of water. No debt,  a house with land/big garden are good strategies right now. I am also considering selling all stocks (even mining stocks...sigh) as this could get very ugly......any thoughts anyone about gold/silver mining stocks? They tend to follow market sell-offs but this time might be different if gold goes parabolic..which it should.

Fri, 01/24/2014 - 17:13 | Link to Comment Australian Economist
Australian Economist's picture

Mining stock have been on a good run for the past month, might take some profits.

 

So other than PMs where would you put your money? I'm mostly in cash, PMs and miners atm and everything else I look at looks dangerous.

Fri, 01/24/2014 - 16:32 | Link to Comment FieldingMellish
FieldingMellish's picture

But wait... Ladies and gents.... its time for the 3:30 ramp!

Fri, 01/24/2014 - 16:36 | Link to Comment Unknown Poster
Unknown Poster's picture

K Hen is a killjoy.

Fri, 01/24/2014 - 16:52 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Not on days like this my friend.  Who knows what could happen over the weekend with this conflagration blowing up.  We could open up down another couple percent on Monday.

Fri, 01/24/2014 - 16:32 | Link to Comment Dr. Engali
Dr. Engali's picture

We can't be having that. Yeller better untaper so they can use the extra digital fiat to beat gold down.

Fri, 01/24/2014 - 16:35 | Link to Comment cynicalskeptic
cynicalskeptic's picture

Looks like they're losing ground with COMEX fixing - the East is buying physical like mad at every dip but TPTB are still working hard at slamming the miners.  Gold is up again today but the miners are getting hit.

In the long run this can only end badly for those working so hard to keep prices down - but then appearances are everything and if you can manage perceptions for a few months longer......   Am expecting Armageddon in the Middle East as the final 'distraction' when things start collapsing but then they've been trying for some time - first Iran and now Syria.  Seems like the military is getting fed up being used as cannon fodder in desperate efforts to prop up a collapsing empire.   When our own citizens will no longer serve will we start hiring Visigoths?

Fri, 01/24/2014 - 16:34 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

OT - who's the guy who's bananas for bitcoin?  Fonestar?  What thinks he of this:

http://dealbook.nytimes.com/2014/01/24/bitcoin-is-not-yet-ready-for-the-...

?

It actually tends to make me agree with him more  {not that I quite agree with his largely baseless confidence}.

Fri, 01/24/2014 - 16:35 | Link to Comment planet psyop
planet psyop's picture

are flea markets still free markets , i'm afraid to ask

Fri, 01/24/2014 - 16:37 | Link to Comment debtor of last ...
debtor of last resort's picture

Where is silvers boner?

Fri, 01/24/2014 - 16:54 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Getting banged at the moment too.  Probably too many inexperienced better who don't know how to NOT use margin.  Their sales will be to the benefit of those who do.

Fri, 01/24/2014 - 17:26 | Link to Comment Levadiakos
Levadiakos's picture

Up your ass bagholder

Fri, 01/24/2014 - 23:51 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Wait... "anal dialation" and now "up your ass"?

 

Fri, 01/24/2014 - 16:41 | Link to Comment fonzannoon
fonzannoon's picture

I wonder if the fed is unloading all the bawnds they bought at 3% and locking in some gains and using them to btfd before the next announcement that sends the market ripping higher so the fed can unload the stawks they are buying today.

Fri, 01/24/2014 - 16:41 | Link to Comment Itch
Itch's picture

Its strange that the asset that should have benefited the most from QE, is the one asset that has benefited the most from its end. That's the perversion of QE in the cold light of day i suppose. One swallow doesn't make a summer, but i would be nice to see things returning so effortlessly to the way they were (market wise).

I think silver is a steal long term, at $20! If a young man starts buying that now in moderate volume, and has a cheap way of holding it, they will certainly have a nice retirement. 

Sat, 01/25/2014 - 17:37 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

I'm 29, and that's what I've been doing. Ill let you know in 30 years. Also been doing that for my infant son with the Christmas money from relatives, so he should have a nice little stack by the time he is an adult. The ride up from '71 has been pretty good, and seeing as how we will double our national debt by 2025 if we are still a country/currency, I think it along with gold will play out pretty well.

Fri, 01/24/2014 - 16:44 | Link to Comment GrinandBearit
GrinandBearit's picture

And you ain't seen nothing yet.

Fri, 01/24/2014 - 16:44 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Not gold¡ Detroit Homes Prices¡¡¡¡¡¡¡xd:)

Fri, 01/24/2014 - 16:55 | Link to Comment disabledvet
disabledvet's picture

actually I just looked it up.
http://seekingalpha.com/symbol/GAZ?source=search_general&s=gaz

up 11 percent today alone.
"Gold's not even close."
I'm sure we can go long the recovery with all that extra purchasing power we're getting as well.

http://seekingalpha.com/article/1912671-12-hydrogen-and-fuel-cell-stocks
Counter-intuitive that "as natural gas prices soar the price of the engine that runs on it goes through the roof"?

Not according to history.
That is exactly what happened going into 2008.

Fri, 01/24/2014 - 17:05 | Link to Comment RockRiver
RockRiver's picture

What? Not Bitcoin?

 

I am shocked

Fri, 01/24/2014 - 17:10 | Link to Comment JamesBond
JamesBond's picture

In 1970, my savings account earned 5% interest....

 

jb

Fri, 01/24/2014 - 17:10 | Link to Comment lakecity55
lakecity55's picture

Undeterred by the naysayers, my stack would still be growing if not for the thefts of the PMs from the bed of my pickup truck.

Undaunted, I continue to stack and try to figure out how to prevent these losses. The recent sale has been a boon!

Fri, 01/24/2014 - 17:26 | Link to Comment scubapro
scubapro's picture

TLT, long Treasuries is the best performing 'asset class' up over 4% since taper and almot 6% off its Dec lows.

Fri, 01/24/2014 - 17:30 | Link to Comment The Duke of New...
The Duke of New York A No.1's picture

MEMO from the FEDERAL RESERVE;

Tell Goldman/JPM to issue new PR blitz to tell the Muppets to stop buying physical Gold - that Gold's going down.

Doesn't those phucking Mutts at Goldman/JPM realize we haven't bought enough Gold to pay back to those phucking Kraut's yet.

Fri, 01/24/2014 - 17:32 | Link to Comment shutdown
shutdown's picture

In the past few weeks the gold market has moved me from an allocation of 10% to 11% in gold. The more the equity market "corrects" the more I smile.  

Fri, 01/24/2014 - 17:33 | Link to Comment scubapro
scubapro's picture

long treasuries, TLT  is beating GLD  fom Dec 17.    

Fri, 01/24/2014 - 21:21 | Link to Comment SuperCycleBear
Sun, 01/26/2014 - 13:10 | Link to Comment koffmann
koffmann's picture

Looks very statistically insignificant...

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