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What Did Gold And JPY Know Seconds Before The Jobs Report?

Tyler Durden's picture


In the 30 seconds before this morning's jobs report was released to the general public, Gold prices dropped and USDJPY jumped from its relative stasis going in. Obviously it is not clear if anyone knew anything but following the knee-jerk reactions, these were rightly positioned moves for where the market is now.





Charts: Bloomberg


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Fri, 02/07/2014 - 10:14 | 4411432 Alpha Dog Food
Fri, 02/07/2014 - 10:16 | 4411441 GetZeeGold
GetZeeGold's picture



Got a phone call out to Blythe Masters....word is she's working with the cops now.

Fri, 02/07/2014 - 10:16 | 4411450 PR Guy
PR Guy's picture

Nah, she's chatting in the coffee room


Fri, 02/07/2014 - 10:46 | 4411551 SafelyGraze
SafelyGraze's picture

the smart money is on the seahawks in SB XLVIII

Fri, 02/07/2014 - 10:55 | 4411575 Muppetrage
Muppetrage's picture

Anybody believe they can't control the algos anytime they want?

Fri, 02/07/2014 - 10:57 | 4411585 SafelyGraze
SafelyGraze's picture

the smart money is on an outcome that has already passed

Fri, 02/07/2014 - 14:09 | 4412424 Say What Again
Say What Again's picture

who is "they"

Fri, 02/07/2014 - 14:50 | 4412617 Muppetrage
Muppetrage's picture

That's a damn good question Jules.

Watch this and then extrapolate.

Fri, 02/07/2014 - 10:19 | 4411455 HyBrasilian
HyBrasilian's picture

It was in the Almanac that Biff Tannen got from himself, that he stole from the DeLorean

Fri, 02/07/2014 - 10:40 | 4411538 SoilMyselfRotten
SoilMyselfRotten's picture

I heard Blythe turned down the CFTC job, she couldn't be Barts hair apparent

Fri, 02/07/2014 - 11:02 | 4411605 Proofreder
Proofreder's picture


Not amusing either.

Fri, 02/07/2014 - 11:30 | 4411690 SoilMyselfRotten
SoilMyselfRotten's picture

Get a life

Fri, 02/07/2014 - 11:17 | 4411655 DaveyJones
DaveyJones's picture

the next thing you know, you'll be telling me somebody shorted airline stocks in September

Fri, 02/07/2014 - 11:39 | 4411715 tmosley
tmosley's picture

You're part right.

In actuality, the cops are working with HER.

Of course, that's not news to anyone who pays even a tiny amount of attention.

Fri, 02/07/2014 - 10:16 | 4411443 PR Guy
PR Guy's picture

Algos can now tell the future?

Fri, 02/07/2014 - 10:18 | 4411456 Dimons jock
Dimons jock's picture

They CREATE the future, kinda like God or something ... I think I'm on to something... Hmmmm

Fri, 02/07/2014 - 11:20 | 4411659 DaveyJones
DaveyJones's picture

not quite God, think angel, estranged and excommunicated

Fri, 02/07/2014 - 10:21 | 4411461 BandGap
BandGap's picture

Doesn't this "resurgence" of the past few days have more to do with Japan boosting QE earlier this week?

Fri, 02/07/2014 - 10:50 | 4411558 Oldwood
Oldwood's picture

We all know this is not what it seems. There is no hanky panky going on. We all KNOW that the best "investors" are those who quite literally can see into the future. They have a crystal ball or something, I'm sure of it. Or more likely with computers and all and given the speed of the algo networks, they have developed technology that is actually faster that light, therefore being able to see into the future. You know, like when Superman flew around the planet faster than light to go back in time...or the Delorean...same thing. There's no corruption here, it all just science....or magic.

Fri, 02/07/2014 - 11:16 | 4411653 The Dunce
The Dunce's picture

The Ivy League Mafia knows everything.  Wall Street is a circle jerk with golden splooge.  Word to your mother.

Fri, 02/07/2014 - 10:15 | 4411435 tallen
tallen's picture

How is gold only up $2 with such a terrible jobs number. This market makes no sense.

Fri, 02/07/2014 - 10:17 | 4411446 Dr. Engali
Dr. Engali's picture

"This market makes no sense."


There is your mistake. You believe we still have markets. There is no market, there is only the fed.

Fri, 02/07/2014 - 10:19 | 4411454 Tsar Pointless
Tsar Pointless's picture

Yep. Just the way they've always dreamed it could be.

See? Dreams really do come true.

Fri, 02/07/2014 - 10:22 | 4411477 GetZeeGold
GetZeeGold's picture



My dreams are flooded with nightmares of scary creatures from Jekyll Island.

Fri, 02/07/2014 - 10:55 | 4411574 Tall Tom
Tall Tom's picture

My body is flooded with the nightmare of scary creatures from Plum Island.

Fri, 02/07/2014 - 10:25 | 4411491 Clint Liquor
Clint Liquor's picture

If you think $2 up on jobs is bad wait until you see the $100 down on a new $18 trillion debt limit. Just buy all you can and be thankful they will still take fiat for it.

Fri, 02/07/2014 - 10:22 | 4411462 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Old Yeller is laughing her ass off at our comments if she reads here (she doesn't but let's humor ourselves).....she's going to continue this charade as long as possible.

Fri, 02/07/2014 - 10:19 | 4411463 derek_vineyard
derek_vineyard's picture

how many more days, hours, minutes until next jobs report?

Fri, 02/07/2014 - 11:28 | 4411682 DaveyJones
DaveyJones's picture

so true

and markets aren't the only fiction. There's Law, Public Service, Congressional Debate, Bill of RIghts, Three Branches of Government, Foreign Terrorists, Energy Policy, and my favorite, Food Safety.

Fri, 02/07/2014 - 10:15 | 4411436 ...out of space
...out of space's picture

1m gofo is minus 2m gofo is 0

Fri, 02/07/2014 - 10:14 | 4411437 Tsar Pointless
Tsar Pointless's picture

Market? What's that?

Fri, 02/07/2014 - 10:41 | 4411542 Cacete de Ouro
Cacete de Ouro's picture

Market = Kevin Henry's desk

Fri, 02/07/2014 - 10:18 | 4411449 LawsofPhysics
LawsofPhysics's picture

Hey Abe!  Jump you fucker!

Fri, 02/07/2014 - 10:52 | 4411506 Paper CRUSHer
Paper CRUSHer's picture

.........and let his decapitated head roll down the embankment.


Roll the mofo guillotines!

Fri, 02/07/2014 - 10:19 | 4411451 Seeking Beta
Seeking Beta's picture

News doesn't matter....Big money just uses news to cover what they are doing.

Fri, 02/07/2014 - 10:22 | 4411478 BandGap
BandGap's picture

Big money makes up the news to cover their asses.

And how stupid are the sheep who believe this "news"? Think about it, everything that has gone bad is now blamed on the weather. 

Shame on the Cheeto eating retards watching the world go by.

Fri, 02/07/2014 - 10:54 | 4411568 mayhem_korner
mayhem_korner's picture



Your post raises an interesting question - one I've been mulling over for years:

Is Cheeto truly the singular of Cheetos?

Fri, 02/07/2014 - 11:13 | 4411634 Tall Tom
Tall Tom's picture

What do you want from the Sheep? They are IGNORANT.

It may surprisie you that the Sheep do not watch the news as they have learned long ago not to believe it.

So they watch others lose weight on TeeVee, vicariously living that life, rather than working on losing their own weight. 

If the Sheep are "retards", as you so arrogantly assert, then that means that they CANNOT LEARN.

How can you hold someone accountable for that which they are not capable of doing?

It would be like asking Ten Year Olds to solve a Differential Equation and then casting shame upon them because they cannot do it.

It is IRRATIONAL to expect from others that which they cannot do.

It boils down to the question, "Just what can the Sheep do about it?"


More importantly just what can you do about it?

Act irrationally and blame the Sheep for that which a Criminal Cabal are doing?

Perhaps it is irrational of me to EXPECT you to behave RATIONALLY.


WE shall see by your response.

Fri, 02/07/2014 - 12:04 | 4411791 monad
Fri, 02/07/2014 - 10:19 | 4411453 drendebe10
drendebe10's picture

U dont think the price is manipulatef, do u? Nah. No way that could happen, 

Fri, 02/07/2014 - 10:20 | 4411466 Seeking Beta
Seeking Beta's picture

I didn't say it wasn't manipulated. All I said is that news doesn't move markets...big money does....

Fri, 02/07/2014 - 10:21 | 4411459 ebworthen
ebworthen's picture

Are the green futures a short squeeze?

The employment number sucked!

But, I'm expecting sanity.

Fri, 02/07/2014 - 11:17 | 4411650 Tall Tom
Tall Tom's picture

I am so sorry that your expectations will be disappointed. Good sarcasm.


I am expecting sanity??? LMAO.


That is a good way to wake up.



Fri, 02/07/2014 - 10:20 | 4411460 Tortuga
Tortuga's picture

I'll bite. Somebody pushed enter on a very slow computer, so the HFT's that were quivering so hard because they were about to pee bites and pieces, made 972k liquidity faux trades per millisecond behind the 2 real trades in front and took the rest of the day off. It's Friday. Probably on a plane to Brabados right now.

Fri, 02/07/2014 - 10:22 | 4411472 gwar5
gwar5's picture

"They" are greenlighted to cheat on everything else, so why not everything?


Fri, 02/07/2014 - 10:23 | 4411474 Anglo Hondo
Anglo Hondo's picture

'If you want to know what God thinks of money, just look at the people he gave it to.'

(Dorothy Parker)


Fri, 02/07/2014 - 10:22 | 4411480 madbraz
madbraz's picture

Today we breached an important point: the point where they don't even care if the underlying data used for market-moving manipulation is in their favor or not, they do it anyway.


The problem becomes that the story used to justify the action becomes impossible to justify and retail investors become spooked.  Once volume picks up on the sell side, the manipulator(s) stand no chance - regardless of the FED's help.

Fri, 02/07/2014 - 10:32 | 4411514 Seize Mars
Seize Mars's picture

Ok, in a world where Blythe Fucking Masters works for the CFTC, you think numbers are not released early to cronies?

Fri, 02/07/2014 - 10:32 | 4411519 Ness.
Ness.'s picture

Perfect timing.  DOW opens. Stocks up, Gold turns red.



Fri, 02/07/2014 - 10:38 | 4411533 agent default
agent default's picture

Expect more banker suicides.  I think gold will be a factor.

Fri, 02/07/2014 - 10:36 | 4411531 FieldingMellish
FieldingMellish's picture

Nothing can stop the juggernaut now. Gold is a tiny market compared to the giants of stawks and FX. Money can crush gold into dust if it so wishes. Stawks are being levitated to new highs on vapor thin volume while PMs are slammed using paper. This will continue as long as the Comex exists.

Fri, 02/07/2014 - 10:52 | 4411560 mayhem_korner
mayhem_korner's picture

Money can crush gold into dust if it so wishes.


Gold is money.  It is like gravity - you cannot defy it indefinitely.  Let us be reminded that the "gold price" that is talked about is the price of unfillable paper claims on a real asset. 

Possessing gold will not be overcome by monetary manipulations.  History is quite clear on this unchangeable reality.

Fri, 02/07/2014 - 10:53 | 4411564 Bastiat
Bastiat's picture

And they'll make delivery with GLD bars until they're all gone.

Fri, 02/07/2014 - 10:54 | 4411572 mayhem_korner
mayhem_korner's picture



If you think "they" are winning today, then you may have missed that the 10Y yield has gone from -60bp to nearly level.  "They" need bonds bid and interest rates suppressed more than they need headline Dow ramps.

Fri, 02/07/2014 - 11:04 | 4411616 jharry
jharry's picture

Somebody has his or her thumb on the scale.

Fri, 02/07/2014 - 11:09 | 4411632 Proofreder
Proofreder's picture

Local news broadcaster spun the 8:30 jobs news as "This just in; the unemployment rate declined again, indicating the economy is still improving"

Yea, rah, USA USA USA

We're doomed, financially and socially!

Fri, 02/07/2014 - 11:18 | 4411660 Salamanda
Salamanda's picture

Those swings were basically the f**king HFT Algo's looking for pre-placed spreads and trying to bang the stops. It was mental for a few minutes... had to widen out my stops dangerously just to stop these pricks hosing out my positions... utter bullshit. Absolutely no ryhme or reason for the swings they create... just parasites.

Fri, 02/07/2014 - 11:39 | 4411717 Spigot
Spigot's picture

We have gone over this last year. The "room" where these announcements are made is limited access. The "reporters" are not allowed to physically leave. The written report is handed out a number of minutes before the verbal is given to them. They text the information to their handlers. All of this is a choriographed sham. At 9AM or whatever time the "reporters": are "allowed" to exit the room to "file their reports" with thier "news outlets".

There is no sheilding or jamming in the room to prevent information transmission before the world is let in on the secret. A perfect front running con game.

Sat, 02/08/2014 - 12:59 | 4415106 Herdee
Herdee's picture

Hey Tyler:The January30/2014 article titled "Watching the China 2710 tonne reserves meme creation" on says you're wrong.Not saying he's right myself,just don't shoot the messenger(me).

Do NOT follow this link or you will be banned from the site!