• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Markets Flip-Flopping As Fed Begins Chat

Tyler Durden's picture


While the talking heads are gloating over green arrows in stock-market-land this morning, the turmoiling is far from over. This morning's dismal Durable Goods data sent asset classes scrambling as gold dropped, oil popped, Bonds ripped and dipped, and stocks dipped and ripped... for now... AAPL remains -6.9% but VIX continues to see hedges unwound (-1.2 vols at 16.2%) We presume this is some hope that Taper will be tapered.



JPY not fully supporting ths latest stop run...


Charts: Bloomberg

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Tue, 01/28/2014 - 11:35 | 4375174 HedgeAccordingly
HedgeAccordingly's picture

It is cool. you got the Crude bid and the Nikky still up 140 .. all we gotta do is take out 1767 to give Pisani a stroke. 

the solution is the rich getting richer of course . http://hedge.ly/1ectDWB  

Tue, 01/28/2014 - 11:40 | 4375193 nope-1004
nope-1004's picture

The curious case of $1250 gold.  LMAO.  Currency death is upon us, gold and silver must be contained at all cost until the end.  This isn't a "market", this is a ponzi, and during the final leg of any ponzi, asset prices and reality become horribly mispriced.  Only a gambler would look at the current price action and be dismayed.


Tue, 01/28/2014 - 11:44 | 4375212 jaap
jaap's picture

options expiration and end of the month

Tue, 01/28/2014 - 11:51 | 4375233 nope-1004
nope-1004's picture

Or, State of the Union and Bernanke's last week.  Or, how about when they "found" Osama Bin Laden?  Remember what silver did that night in the overnight market?

Can't have gold rally into Il Duce's speech tonight.  It's all a fraud.  Options expiry is the excuse for a corrupt government to kill the real alternative to their satanic financial system.


Tue, 01/28/2014 - 11:53 | 4375262 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Saddle up, Lock and Load

-Barnes 87'

Tue, 01/28/2014 - 13:35 | 4375751 eclectic syncretist
eclectic syncretist's picture

It's a paint by numbers economy all right.  At least it is until the paint runs out.

Tue, 01/28/2014 - 13:56 | 4375842 Chief KnocAHoma
Chief KnocAHoma's picture

Time to face the fucking facts! We are hooked on that easy money bitch... now print! Turn those fucking machines on high! Create it digitally, in the shadow system or in a freaking meth lab! We don't freaking care just do it! Pump now you helmet-hair headed dyke!

Tue, 01/28/2014 - 13:03 | 4375565 StandardDeviant
StandardDeviant's picture

[Deleted; should have realised you meant the CME options.]

Tue, 01/28/2014 - 11:46 | 4375226 Kaiser Sousa
Kaiser Sousa's picture

Silver is the one they r really going after casue its within the reach of you, me and, the common man..

and to think i bought last week above $20...

but then a gain i bought at 9, 10, 11, 12, 13, 14, 15, 16 - well i think u guys get it...


Tue, 01/28/2014 - 11:48 | 4375229 SafelyGraze
SafelyGraze's picture

the dude who brought subuh/subud to 'the west' (interview with steve allen)


a subud 'youth camp' in 1992 (hour long video)



Tue, 01/28/2014 - 11:37 | 4375186 Grande Tetons
Grande Tetons's picture

Ahhh...I was wondering where the PM hammer went.  Here it comes.

Tue, 01/28/2014 - 11:40 | 4375198 youngman
youngman's picture

Options expiriry today..so watch PMs get hammered all week long....cant have delivery you know...there is no more gold in the cubboard.....

Tue, 01/28/2014 - 11:40 | 4375204 Conax
Conax's picture

Silver- $19.50

Gold, doing much better.  And people think silver isn't important to them.  It has its own dedicated barrel of monkey hammers.

Tue, 01/28/2014 - 11:40 | 4375205 Kaiser Sousa
Kaiser Sousa's picture

let me c....

Horrid durable goods data - check!

Rising Fraud Markets - check!

State of The Union address in the midst of depression - check!

http://www.kitco.com/charts/livesilver.html - CHECK!!!!!

and its all good......

Disclaimer: Buying more Silver today....FUCK YOU MONEYCHANGERS....

Tue, 01/28/2014 - 11:44 | 4375213 q99x2
q99x2's picture


Yellen and the Israeli are going to keep printing US dollars.

Tue, 01/28/2014 - 11:46 | 4375217 buzzsaw99
buzzsaw99's picture

the only way to win is not to play [/wopr]

Tue, 01/28/2014 - 11:46 | 4375219 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

S&P dip being bought, carry on.

Tue, 01/28/2014 - 11:45 | 4375220 gatorengineer
gatorengineer's picture

Lets see Crude is betting no taper.  Gold Silver, stawks are betting taper as planned......  Do I have this right?

Tue, 01/28/2014 - 11:49 | 4375237 Grande Tetons
Grande Tetons's picture

Oil might be catching an Obamma needs to blow something up bid. 

Tue, 01/28/2014 - 11:56 | 4375273 Obama_4_Dictator
Obama_4_Dictator's picture

I guess the Fed is playing "We can stay solvent longer than you guys can!"

Tue, 01/28/2014 - 12:09 | 4375341 mtthw2
mtthw2's picture

Its amazing how the central banks, talking heads, and market participants are freaking with a small decline in 5 trading days.  I can only conclude that those in power are scared of what used to be normal market movements.  We are indeed in interesting times.

Tue, 01/28/2014 - 12:12 | 4375358 slightlyskeptical
slightlyskeptical's picture

"We presume this is some hope that Taper will be tapered."

If they reverse the taper, they are admitting just how bad things continue to be. More blood in the streets will be the result. Then there will be the Yellen show signs of strength thing that is yet to come.

Tue, 01/28/2014 - 12:36 | 4375462 Hedgetard55
Hedgetard55's picture

If Janet Felon increases the taper, the market drops. If she reverses taper, the market crashes. If she leaves it at $75B ...???

Tue, 01/28/2014 - 12:53 | 4375532 gatorengineer
gatorengineer's picture

market has priced 5T taper, anymore or less, she drops like a stone....

Tue, 01/28/2014 - 12:45 | 4375492 papaswamp
papaswamp's picture

First it seemed as if stocks thought no taper and gold and bonds thought taper.... Now they seem to be reversing. Markets so diluted they have no idea what to do.... Fun to watch.

Tue, 01/28/2014 - 12:53 | 4375528 adr
adr's picture

And people still say the market trades on supply and demand.

So what issue of demand impacted the oil market to make it a few dollars more expensive in a few minutes?

Oh yeah, demand for contracts on the bet that Fed printing will cause more speculator demand for oil contracts.

The only demand that exists anymore is demand for unearned money.

Tue, 01/28/2014 - 13:34 | 4375748 cornflakesdisease
cornflakesdisease's picture

Oh, I wonder why gold mysteriously dropped while banks across the globe shut their front doors.

Tue, 01/28/2014 - 13:35 | 4375750 swanpoint
swanpoint's picture

Taper Taper.

Tue, 01/28/2014 - 15:24 | 4376357 balanced
balanced's picture

When do we find out the Fed's next move (more Tapering or QE expansion)?

Tue, 01/28/2014 - 17:09 | 4376811 TheRideNeverEnds
TheRideNeverEnds's picture

Just keep buying e-minis, the only real question is will we close this year over 2500, trading past 2000 is a given.


I guess the other question is tomorrow after the FED sends the market 1-2% higher will we make it past 1850 before friday or will that happen next week.

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