Pump... And Dump

Tyler Durden's picture


Despite a late-day (very sudden) shellacking in silver, commodities rallied with gold pressing up towards Sept 2013 levels (over $1340). Treasury bonds rallied all day to end near the low yields of the day (-3 to 4bps from Friday). The USD's early losses were unwound as the US day-session continued to leave the greenback modestly lower on the week. And that leaves us with stocks... in almost the exact same pattern as yesterday (except with an overall downward bias) the US open sparked some JPY selling which sent stocks careening to highs only for the European close to smash that hope to smithereens and send stocks limping lacklustrously lower  into the close (recoupling with JPY and Credit). All indices closed red with Trannies underperforming and the S&P (yet again) unable to hold a green year-to-date close.


Yesterday's pump-and-dump...


Today's pump-and-dump


Leaving Trannies down for the week...


And the S&P unable to close green for the year once again...


And as a gentle reminder - this year has been led by (drum roll please) Healthcare (Biotechs) and Utes...


Bonds decoupled in a very non-snow-related, slow-growth-is-a-reality manner...


Stocks recoupled once again with credit's less exuberant perspective...


Commodities rallied with gold leading the way but it seems someone was in a hurry to dump their silver in the last few minutes... interestingly WTI and Silver end practically unch on the week...


Volumepicked up considerably on the dump in Silver in the late-day...


Charts: Bloomberg

Your rating: None

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Tue, 02/25/2014 - 17:06 | 4477222 Max Damage
Max Damage's picture

Janet left it late today, buying the S&P into the green. Utterly pathetic

Tue, 02/25/2014 - 17:11 | 4477247 fonestar
fonestar's picture

....except that it's not bullion at all and has nothing to do with bullion.

Tue, 02/25/2014 - 17:18 | 4477273 Soul Glow
Soul Glow's picture

What's bitcoin's price today?

Tue, 02/25/2014 - 17:47 | 4477407 tmosley
tmosley's picture

I've got US$518.4 across the top three exchanges weighted by volume.

Oh, you were trying to conflate the fate of an exchange with the fate of the currency it was trading.  Sorry.

Tue, 02/25/2014 - 17:59 | 4477466 flacon
flacon's picture

I opened up a TSLA put position today.

Tue, 02/25/2014 - 22:34 | 4478567 Keyser
Keyser's picture

That's funny. I went long TSLA yesterday into the close. Nice 14% one-day trade.  

Tue, 02/25/2014 - 18:00 | 4477469 Soul Glow
Soul Glow's picture

All bitcoin has going for it is the price it trades at.  When I stack, I count ounces and leave price for JPM to discover - until they can't.  Then I'll concern myself with an exchange.

Tue, 02/25/2014 - 17:18 | 4477275 StacksOnStacks
StacksOnStacks's picture

True, but I think everyone here knows that.



Tue, 02/25/2014 - 17:27 | 4477307 Thought Processor
Thought Processor's picture



This whole capitalist system is now on autopilot.  If you can manipulate the main sources of flow within the system you have control over everything (thanks to the HFT managed by TBTF banks).


This will continue until it is deemed necessary for it not to continue.


Then the stage will be set for the reset.


Tue, 02/25/2014 - 17:43 | 4477382 Max Damage
Max Damage's picture

The VIX smashed in last few seconds to close down almost 4%. They don't even care that everyone knows the whole market is completely corrupt

Tue, 02/25/2014 - 19:13 | 4477838 TheReplacement
TheReplacement's picture

How many times do you people need to be told?  This is not a capitalist system.

My apologies if you are an NSA troll.  In that case, sorry for making your "kernel of truth" disinformation job harder.  Oh and btw, go to hell.

Tue, 02/25/2014 - 17:08 | 4477233 Droid Fuel
Droid Fuel's picture

I am waiting on monkey hammer so I can pick up some more stacks.  When is the hammer coming?

Tue, 02/25/2014 - 17:11 | 4477246 Pheonyte
Pheonyte's picture

The monkey is quiet ...


... too quiet.

Tue, 02/25/2014 - 17:34 | 4477342 seek
seek's picture

Agreed, but it could be that they've realized price slam downs are causing physical gold to exit the market, so they may be price hunting for the optimum lowest price without gold leaving the warehouse. They fail to realize it will leave at any price because of the breach of trust, but eventually that'll dawn on them as well.

Tue, 02/25/2014 - 18:00 | 4477470 astoriajoe
astoriajoe's picture

Get Hudes on the phone, she'll talk this baby down.

Tue, 02/25/2014 - 21:27 | 4478374 El Hosel
El Hosel's picture

The Monkey must bust silver back to the recent breakout area, before my local shop runs out of eagles.

Tue, 02/25/2014 - 17:10 | 4477242 Rainman
Rainman's picture

The boyz are nervous climbing to a higher branch on the S&P tree. C'mon show us you got balls,,.!

Tue, 02/25/2014 - 17:13 | 4477258 TeamDepends
TeamDepends's picture

Haha, look at the chisel-flammers trying to keep the $22 silver beach ball under water!  Good luck, boys.

Tue, 02/25/2014 - 17:11 | 4477245 SILVERGEDDON

Roll out your dick on the table top, and J P Morgan will step right up to put the hammer down.

Tue, 02/25/2014 - 17:11 | 4477248 NOTaREALmerican
NOTaREALmerican's picture

T+ 5 years and counting....

Tue, 02/25/2014 - 17:13 | 4477252 NoDebt
NoDebt's picture

"Ladies and gentlemen, I'll be brief. The issue here is not whether we broke a few rules, or took a few liberties with our female party guests—we did. [winks at Dean Wormer] But you can't hold a whole fraternity responsible for the behavior of a few, sick perverted individuals. For if you do, then shouldn't we blame the whole fraternity system? And if the whole fraternity system is guilty, then isn't this an indictment of our educational institutions in general? I put it to you, Greg: isn't this an indictment of our entire American society? Well, you can do what you you want to us, but we're not going to sit here and listen to you badmouth the United States of America!"

So, basically, bullish.

Tue, 02/25/2014 - 17:25 | 4477301 TeamDepends
TeamDepends's picture

(humming the Star-Spangled Banner)

Tue, 02/25/2014 - 17:52 | 4477437 Chupacabra-322
Chupacabra-322's picture

Up'd you agin for the Troll who keeps downing you.

Tue, 02/25/2014 - 18:01 | 4477475 TeamDepends
TeamDepends's picture

That means a lot. 

Tue, 02/25/2014 - 19:12 | 4477842 NoDebt
NoDebt's picture

Aw, shucks.  Thanks, guys.

Don't worry about my down-arrow groupie.  He follows me everywhere on ZH.  I think it's pretty cool I live in somebody's head rent-free.  Sometimes I imagine it's Fonestar, but that's just wishful thinking on my part.

Tue, 02/25/2014 - 17:14 | 4477263 Save_America1st
Save_America1st's picture

geez....without Blythe and the Monkeys, the beat-downs just don't seem to be what they used to be.  Fine by me.  But it sure is hard to BTFD with these shitty beat-downs. 

oh well...we're still 2 dollars below the average cost of production for most of the main silver producers at this point, so keep stacking!!!

Sooner or later the Crimex is going to pop, and silver and gold are going to go fucking parabolic.  Until that day I'm sure we'll see much more volatile ups and downs than this weak bullshit at the end of today. 

I can't wait to get to a point where we see 5 and 10 dollar swings in silver from 45 to 40 back to 45, then to 50, then down to 40...that's gonna drive people crazy if they don't already have their minds tuned up for it. You know the fight to break 50's balls is going to be an epic battle!

But we'll get there some day soon.  Maybe by the end of this year or within the next 12 to 15 months. 

Stay strong and stack on, bitchez!

Tue, 02/25/2014 - 19:16 | 4477864 TheReplacement
TheReplacement's picture

Stay calm and put camo on.

Tue, 02/25/2014 - 17:15 | 4477268 css1971
css1971's picture

Looks like desperation on the S&P. "Go UP Damnit"

Tue, 02/25/2014 - 17:31 | 4477329 TheRideNeverEnds
TheRideNeverEnds's picture

yup, no red bars allowed!

they managed to close it one tick up making for 13 of the last 15 days up days.  


I am a little surprised that we are only up 88% of days now that we have reached this new paradigm.  Though I suppose in fairness the "down" days are erased in a couple hours so they may as well not even exist. 


However in the last 52 weeks we have closed the week up only 63% of the time

Tue, 02/25/2014 - 19:44 | 4477994 disabledvet
disabledvet's picture

"Neverending Story." Great story...and a great movie too. I think at some point you people have to start looking at the cold hard numbers who the winners are taking from...thus making losers. Hate to be so crass but this economy sure isn't the tide lifting all the boats, nor is this recovery. So for this market to keep doing what it's doing means somebody is getting hammered too. (Tenet healthcare today for all you folks who think this market is "rigged.") I love Tesla. We'll see if they can execute beyond mere stratospheric expectations.

Tue, 02/25/2014 - 17:20 | 4477283 Sufiy
Sufiy's picture

Crash Alert - Gregory Mannarino: Pump and Dump Wealth Transfer Coming Soon 

George Soros holds now 1.3 billion rolling Put on the market to protect his long positions. How long this levitation in the markets can continue? Nobody knows for sure, but this interview gives us a very good food for thought. Gregory expect the serious correction starting within next few weeks, when money after initial drop will be reallocated into Commodities, Gold and Silver. Big banks are already shorting the market and it will create the Pump and Dump Wealth Transfer again.   So far market was playing along the Toby Connor's scenario: with general equities topping in the last move up into the late spring of this year, Commodities are breaking Up and Gold and Silver are going much higher. Silver is topping $22.00 level today and Gold is at $1,340. http://sufiy.blogspot.co.uk/2014/02/gregory-mannarino-pump-and-dump-weal...

Tue, 02/25/2014 - 17:23 | 4477292 Pheonyte
Pheonyte's picture

You posted that this morning in another thread. Stop pimping your blog.

Tue, 02/25/2014 - 17:24 | 4477297 NOTaREALmerican
NOTaREALmerican's picture

Good to know,  so basically:   wait and then BTFD.   

Tue, 02/25/2014 - 19:22 | 4477894 TheReplacement
TheReplacement's picture

That's my plan.  I figure if you buy the right dip you are golden.  Cash on the sidelines until we lose at least 50%.  Other angles for other scenarios covered as best as possible right now.  Does anyone have any scenarios where this actually works out okay for most people that doesn't include milking the unicorn stallions with our butts?

Tue, 02/25/2014 - 17:23 | 4477293 1fortheroad
1fortheroad's picture

Pump and dump and now pump into AH




Tue, 02/25/2014 - 17:25 | 4477300 SAT 800
SAT 800's picture

What a moronic article. that's not a dump in Silver it's 10cts. Are you an idiot?

Tue, 02/25/2014 - 17:33 | 4477338 I Am Not a Copp...
I Am Not a Copper Top's picture

No Bonus Chart?

Tue, 02/25/2014 - 17:46 | 4477406 Ness.
Ness.'s picture

FSLR makes for a nice bonus chart today.

Tue, 02/25/2014 - 17:48 | 4477404 Hongcha
Hongcha's picture

Sorry to say the miners, Au and Ag looked spent today.  I am looking for a backtest of $1300.  I unloaded my 3x bull plays the last few days for a decent profit after 2 frustrating months ... I will reload as I believe we put in a bottom, but not right away.  This day I did not like in the precious metals sector.

Tue, 02/25/2014 - 19:46 | 4478003 disabledvet
disabledvet's picture

wise hands...err, man i mean.

Tue, 02/25/2014 - 17:47 | 4477410 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Pump and Dump....aka money porn.

Tue, 02/25/2014 - 18:14 | 4477540 highwaytoserfdom
highwaytoserfdom's picture

Moody's is very busy with upgrades in Subprime RBMS 2004 2005, Spain, Mexico...     

TBTF is HFT  which is most of market...  Wells Fargo lowers FICO  for FHA...


Liquidate top 5 banks......  FED PRINTED THE LIQUIDITY FOR RUINING THE MARKETS... The banks job is to lend capx not to fund wars...

Tue, 02/25/2014 - 19:42 | 4477987 Random_Robert
Random_Robert's picture

"but it seems someone was in a hurry to dump their silver in the last few minutes..."

Yeah, sorry about that... My bad.

I gave my nephew a Silver Eagle for his birthday, and the little bastard rehypothecated that sum-bitch and sold 200 contracts on the Comex.



Tue, 02/25/2014 - 20:07 | 4478082 nmewn
nmewn's picture

Trannies underperforming?...I just don't know what to say ;-)

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