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And The Best Performing Asset Class Since 'The Taper' Is...
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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GOLD BITCHEZ !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! YIIIIAAAAAY!!!!!!!!!!!!
hehe
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.
Sounds more like a recipe for walking around with your pants around your ankles
So that's why all the homies got dey pants on the ground!
I like keeping my gold in my teeth. It also helps in keeping my pimp hand strong.
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)
Best performing asset is...the zero coupon long bond, trouncing gold since the taper: +7%
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?
Best performing asset is...the zero coupon long bond, trouncing gold since the taper: +7%
Last I looked gold is 1/3 off its high. That's a alot of anal dialation.
< Gold
< Bitches
Choose. Wisely.
I want both :{
If you have gold you get both :)
Apparently there are a few bitchez here...good to know.
I'm such a battered owner....when it crosses 1500 I'll begin to notice. Until then KEEP STACKING!!!!!!!
keep stacking afterwards too
Is it hard work to average down that $50 silver?
WTF does a Greek know about hard work.
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?
unglued
Oh, come now, Fonz. They would never do THAT.
I bet they don't taper
fonzannoon
Drive your vehicle in rush hour with low tire pressure at HFT speed.
CWAZY.
now thats cryptic
They do it covertly.
Anyone want to buy my Obama Chia Pet?
no
ebworthen
Same company sell Pet Headstones ?
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.
Anyone want to buy my Obama Chia Pet?
Only if you'll throw in a few hundred Ty Beanie Babies.
I let mine grow an afro, drew on some sunglasses and painted a red star at the base.
Mean reversion bitchez!
Those with margin calls waiting to end of day, hoping this would have ramped, now sellng into close?
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.
martin armstrong says its time for gold
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.
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.
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.
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.
But wait... Ladies and gents.... its time for the 3:30 ramp!
K Hen is a killjoy.
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.
We can't be having that. Yeller better untaper so they can use the extra digital fiat to beat gold down.
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?
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}.
are flea markets still free markets , i'm afraid to ask
Where is silvers boner?
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.
Up your ass bagholder
Wait... "anal dialation" and now "up your ass"?
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.
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.
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.
And you ain't seen nothing yet.
Not gold¡ Detroit Homes Prices¡¡¡¡¡¡¡xd:)
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.
What? Not Bitcoin?
I am shocked
In 1970, my savings account earned 5% interest....
jb
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!
TLT, long Treasuries is the best performing 'asset class' up over 4% since taper and almot 6% off its Dec lows.
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.
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.
long treasuries, TLT is beating GLD fom Dec 17.
One chart to keep in mind...
http://www.macrotrends.net/1379/dow-to-gold-secular-market-cycles
Looks very statistically insignificant...