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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_ConanTheLibertarian_'s picture

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

hehe

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.

 

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...

Levadiakos's picture

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

NotApplicable's picture

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

Rukeysers Ghost's picture

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

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)

madbraz's picture

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

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?

madbraz's picture

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

Levadiakos's picture

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

fooshorter's picture

< Gold

< Bitches 

 

Choose. Wisely.

Agstacker's picture

If you have gold you get both :)

HamRove's picture

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

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

Levadiakos's picture

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

oddjob's picture

WTF does a Greek know about hard work.

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?

NoDebt's picture

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

SilverDOG's picture

fonzannoon

 

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

CWAZY.

ebworthen's picture

Anyone want to buy my Obama Chia Pet?

SilverDOG's picture

ebworthen

 

 

Same company sell Pet Headstones ?

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.

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.

lakecity55's picture

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

NeedleDickTheBugFucker's picture

Mean reversion bitchez!

gaoptimize's picture

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

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.

stant's picture

martin armstrong says its time for gold

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. 

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.

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.

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.

FieldingMellish's picture

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

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.

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.

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?

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}.

planet psyop's picture

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

debtor of last resort's picture

Where is silvers boner?

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.

ArrestBobRubin's picture

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