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ADP Reaction - Bonds & Bullion Surge As Dead-Cat-Bounce Stock Bulls Purge
Precious metals had begun to jump higher before the ADP data hit but once it did - and disappointed - gold and silver spiked (over $1,270 and $20 respectively). Equity markets kneejerk reaction was a spike higher which immediately faded into a crash to recent lows. Dow futures are testing 2014 lows - as are S&P 500 futures. 10Y Treasury yields touched 2.60%; Nikkei futures are once again testing 14,000 as USDJPY breaks below 101.
JPY is in charge as usual - and USDJPY broke 101 again...
But the reaction is clear...
Dow futures are testing 2014 lows...
Once again - as a gentle reminder - here is a chart showing how crucial this surprise in ADP is to Friday's NFP surprise...
Charts: Bloomberg and @Not_Jim_Cramer
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$20 and $1270 breached! Call in the monkeys! Hand out the hammers!
Can you buy hammers at CVS?
Give me liberty propped up by centralized force, the IRS, and an enormous bureaucracy or give me death
See...
This is watchu get when the Morgue and Goldilocks are net long shiny and the world realizes its bad out there
Long live the Ministry of Propaganda
Long live Central Planning
Vive la Bernanke Vive la Yellen..........long live free money......down with gold
Clearly we need tax credits to institute global warming!
This cold crap is killing the economy.
Hory Chit! Gold up 1% and Silver up 3%!!!
Wait, nevermind. Sorry false alarm. My ounces still haven't changed.
How far do you have to drop a dead cat before it will bounce?
Problem is if you drop it too far it just goes SPLAT
My short DJIA, long gold trade of December 2013 is doing OK today.
100% retrace courtesy of a bunch of disengenous traders at JPM
...meanwhile Bitcoin looks very stable and uneventful over at btc-e.com. Probably because nobody there gives a shit about what your government does or does not do.
You're being lulled into complacency boy. The war machine never sleeps.
I know... I know... sad isn't it? The brave new world, one where you and your very, very important slave masters aren't really newsworthy?
Very disingenuous fonestar. By earlier action (as in last year) all this should have been pushing BTC well above it's $1,200 high.
It's stability as you are calling it may be a sign of some irrelevance except as a medium of exchange and not profit?
ori
Bitcoin rallied hard during the first senate hearings, by the second senate hearings the markets figured out that these people need not have any attention given to them. If Bitcoin would like to take some time off, even for a few months that is fine by me. It is well deserving of the rest and relaxation.
By the way, I do appreciate your intelligent pro-BTC trolling here. It is trolling, you agree?
But well done, if sometimes technically unsound on your end.
;-)
What part of fonestar's trolling has been "technically unsound"?
Everyone is holding and sitting on their 1's and 0's waiting for the next unexplainable surge in price. I can't imagine anyone would want to buy a bitcoin for $1000 when so many "mined"/bought them for practically free. Nobody wants to buy goods/services with them and merchants don't want to hold them for more than a microsecond. I'm not surprised it's stable...for now.
Uh, hate to break it to you guy but most of the people buying BTC are not doing it using "dollars". In a lot of these local currencies BTC is already five figures.
It's not about the Benjamins it's about the Vlad. Get with the times.
Five figures in Yen?
Five figures in Yen and in Roubles.
And it's 10 figures when converting to bits of string. Obviously fonestar doesn't understand currency convertion ratios.
Who doesn't understand dipshit? Because Bitcoin is vastly superior to all of these national currencies and can be played off each other, its ascension and hyperdeflation are assured. Nobody cares if you or Zeroheads "get it" or not, but it is pretty funny to watch since you guys spent years mindlessly yammering about Gresham's Law, sound money, etc...
Your practicum? You failed.
IF it's adopted by a MUCH larger population than it is now. That is a BIG "if" considering that governments are not going to sit around while they lose power and control. The guys converting bitcoin on silkroad aren't sitting pretty right now, are they? The difference between gold and bitcoin? The long hand of gov definitely reaches the internet, but can it reach around the 28" barrel of the man who won't take it in the ass anymore?
Governments around the world can't even define Bitcoin or most of the other technologies available, much less control them. Your "government" and their currencies are just the latest victims of progress that drives back the foot that's slow.
<-- fu@k fonestar
<-- worship fonstar
Do not worship fonestar. Worship Satoshi.
fonestar came in his name.
fonestar, please stop spamming. the universe does not consist of you, Satoshi and Bitcoin. It's costing so much effort just ignoring your endless multiple replies
Just as soon as some people here stop spamming their anachronistic dollar-gold paradigm.
Is that asshole satoshammy your twin brother on the other line?
Give fonestar Bitcoin and he will buy all those things.
No, but you can buy stuff that gets you hammered at CVS.
Monkeys shouldn't drink, BTW. It ruins their aim.
"Monkeys shouldn't drink, BTW. It ruins their aim."
Which explains the ADP "Surprise" scatterplot...
Give me liberty propped up by centralized force, the IRS, and an enormous bureaucracy or give me death
No hammer, no soda, no candy bars for you! Drugs and marijuana only!
The black helocopters have collected 2 of the only 3 ppl in USA that can make LSD. People, we are soooooooo fucQed
And the US session hammerdown in 3.. 2..
you do know I'm blaming you if they do right?
One day all the monkies and all the hammers won't make a difference. Can you picture it? That glorious day when it will get away from them and they won't be able to stop it! Reminds me of something.
The world is full of giants.
They have always been here, lumbering in the schoolyards, limping through the alleys.
We had to learn how to deal with them, how to overcome them.
We were small but fast, remember?
We were like a wind appearing out of nowhere.
We knew that being clever was more important than being the biggest kid in the neighborhood.
As long as we keep our heads down, as long as we work hard,
trust what we feel in our guts, our hearts,
Then we're ready.
We wait until they get sleepy,
wait until they get so big they can barely move,
and then walk out of the shadows,
quietly walk out of the dark—and strike.
anybody else stoped reading this BS after second line?
Whatsamatta you don't like pomes in the mroning?
I didn't down ya, it's just someone else thought you were a fagget.
Sumbuddy go breaka hizzn fonestars kneez fur Chrizzagez
Wait......wasn't that the Maserati commercial during the super bowl? If so, it does seem like a universally applicable theme for the current times, eh?
I'vve havd an unfvortunate smvellting acccident!!
Gold smold. I'm long on cat food and bullets. Now that's living. Bitches.
New York wasnt havin any of that....
any more obvious....
http://www.kitco.com/charts/livesilver.html
http://www.kitco.com/charts/livegold.html
The Obozo recovery is here to stay. Forever.
suckers!
When I think about it I touch myself.
Hello, Bronco's fan!
And this is news ?
Watched Gold get hammered back below $1270, somehow i knew ZeroHedge had mentioned it in an article.
Its early yet.
He who panics first, panics best.
Well then, that's good, because I panicked 2000, It would seem being one step ahead makes you a genius, any more than two steps and you're a "kook" (a very happy, well prepared, and wealthy kook, but a kook nonetheless).
Me also, but in 2007. Left the casino.
A year early, but WTF.
I just knew the deer would return. Another day of misery and woe for the pump monkeys.
It's all about the Yen, and that mother's on coke.
Gold and silver surge? Unpossible. Unmanipulation, bitchez. Wait for it 3... 2... 1
Wait until the Chinese come back to work next week.....
wow miracle futures are almost back to green, and the jpy is back over the 101 level.
not manipulation to see here
thismarketisrigged, Well in this case your screen name is all too sufficient.
Well chosen, and observed every day. ;)
Of course, it is the close that counts. And we still have Friday's report to get past before possibly the all clear is sounded. But this is good. This is good. And I watched some main stream news last night for the first time in a long while. Diane Sawyer, Brian on NBC. Are we the only ones who talk about the debt, deficit and employment and the lack thereof?
They hardly mention the Middle east, Japan, China or anything real. Even surprised me. Will not make that mistake again.
Id love to think the system is finally going to crack but if theres one thing ive learned over the years its never underestimate the peoples complacency to a good can kicking... We'll untaper and all will be well.
This game only stops when people get so freaked out the central banks influence on the markets is overwhelmed by the fear of the people and the greed of the TBTF banks.
Being in agriculture, I can tell you that there is some real concern by these paper-pushing bankers and their political puppets. The cost of many foods per ounce has more than doubled since 2008/2009. The recent farm bill is very different from years before (could be good), but will make things more expensive yet again. I believe that this fact alone may be what is forcing the hand of the Fed, but all the municipal bond defaults waiting in the wings may also have something to do with it too.
When is zerohedge going to mention the fact that we had for the first time ever over $100 billion in reverse repos (yesterday).
I mean QE is always in the headline, but you have to talk about the fact that the "collateral provider in chief" - the FED, is providing over $100 billion in treasury collateral to primary dealers and money market funds, in exchange for garbage that they call "cash" for practically 100 cents on the dollar.
In our crazy world, the FED gives treasuries to primary dealers - who in turn may use these proceeds to short the same treasuries. For the FED, treasuries are the enemy - safe haven is a killer of risk on.
I don't think thats whats going on.
I think the PD's are needing those UST's to feed back into the SBS for
their repos.
Its a circle jerk, but with finite limits,unlike everything else today.
Yes, this is it. If it's inflation they want, than inflation it shall be (for all the wrong reasons).
Regardless of the purpose, they don't have to go to market (dealers) to buy/repo them and bid up bond prices. The reverse repo rate stays at 0.03%, even though demand is through the roof.
A couple of months ago I said that reverse repos would one day hit $200 billion a day when things are truly out of hand. I thought that would take longer. We are already at over $100 billion and the market has fallen less than 7%.
When the system is leveraged to the eyeballs, stuff starts getting out of control quickly.
You don't solve a solvency problem by printing more.
The price of PMs now is meaningless except for the fact that you can still buy physical at a huge discount.
stocks manipulated up, then stocks manipulated down. the fed does the pump and dump again. http://www.youtube.com/watch?v=sg-vgGuTD8A
The paper assets are collapsing, the system is about to blow, BUY GOLD AND SILVER!!!
Pair trade: Buy the dip and sell the rip.
doesn't matter really if it goes up or down the big uglies are making money on it and living large on your misfortune as they always will and always have been, it is certain that it will forever be that way, get over it
Gold will be back down to 1250 soon, the adp wasn't as bad as algo's thought.....another day in insane ayslum.
Humans forget about the ADP after 1 hour.
Algos have no memory.
At least someone already forgot. Spot gold under pre-adp levels. Hour and a half later that is.
but of course the flying monkeys of the SPT ("Spike Protection Team") of JPM were there to monkey hammer the PM's from the 1270 and 20 levels, weren't they? Right on queue, bitchez!
I love it...I hate the jobs news, but nothing is going to change there...this is only going to continue to get worse. But for those of us who are awake, preparing, and most of all STACKING, well, I guess I gotta say I love the flying monkeys for keeping the phyzz on sale for us all a while longer.
***This not only gives us time to stack cheeply for longer, but gives us time to wake up more sheeple and help them to get to stackin' as well***
We are on the Titanic, folks, and it's going down fast. We can't just tell people to drink up and keep dancing (or sleeping) as this government continues to ram us into the iceberg...we have to help them to the very few life boats that are left which are silver and gold (and food, water, ammo, guns, etc.). Those are some of the only things left that are going to save their lives at this point.
Is the forthcoming untaper/double-down good or bad for equities? Inquiring minds want to know. Because that answer is really foggy now, and toothpaste never goes back into the tube so neatly as when it was first packed.
been plenty of the so-called "surges" in Au in the past weeks. $12? somehow still unable to get past the downward trend channel line. i remember when a surge was $60-$100. wake me up when it gets there. ho hum.
jeez...I didn't expect gold to stay at 1270, but down 15 from there already?
15 is nothing
Looks more like gold dead-cat bounced. Stawks returning to new normal trajectory.
Don't get too excited..
I guaren-fucking-tee it's gonna get beat back down.
Gold back to $1262 at the close.
Silver back to $19.77
Prove me wrong motherfuckers...
1257 now...I said 1250 20 mins ago...Gold will go nowhere until gravity takes out stocks..
It's almost like scripted or something...how this shit works, huh?
Yeah, it's 100% scripted, controlled, manipulated, whatever to get the avg buster to believe in the fiat markets. Keep stacking metals is all we can do atm. One day this will payoff. The fed and the central banks are very saavy fucks, but their game will fold in due time.
Part of me wonders if they allow these spikes for the sole purpose of coming over here to see some of the gloating, hit the sell button, then laugh thier collective asses off at the posts of despair.
These blips don't mean jack fucking shit. I'll pay more attention when I start to see the MSM financial news covering metals and it's virtues. For now? These 20 cent and 20 dollar swings are a vapor in the wind.