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Gold Wins The First Quarter While Dow Drops Most Since 2012
Value stocks handily outperformed Growth stocks by the end of Q1 but the window-dressing pump of the last 2 days rescued all but the blue-chip Dow from ending the quarter in the red. This is the worst quarterly performance for stocks since 2012. Despite disconnects all over the place today, stocks managed to hold onto gains today. Thanks to some dovosh comments by Yellen (that apparently "some time" is interpreted as more than 6 months), bonds and stocks ripped today leaving long-bonds best quarter since Q2 2012. Gold is the best performing asset of the quarter and HY bonds worst as the USD ended unchanged.
Gold ends Q1 as the best-performing asset-class
The Dow closed the quarter red - its first since Q4 2012 while the last 2 days rescued the rest of the major indices
And Utlities are the best performing sector in Q1 with Discretionary and Builders worst...
Nasdaq Biotech Index gained 3% - its best day in 2 weeks - to scramble back above the 100DMA and closing the quarter up just over 4% (its lowest gain in 5 quarters) but March was its worst month in 4 years.
Perhaps rather surprisingly 5Y Yields are unchanged (-1bps) on the quarter while 10Y is -30bps, and 30T -40bps - thi sis the best quarter for bonds sicne Q2 2012
Copper had its worst quarter since Sep 2011...
On the day, Yellen's comments sparked Bond and stock buying as the merest hint of moar dovishness is enough to do this...
AUDJPY was in charge...
Charts: Bloomberg
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Blackberry had a similar quarter - http://hedge.ly/1k1rAFv
LOL!
“I feel better every day. The results show that….We are losing less money."
they'll hold onto first day of the month gains tomorrow too.....it's not ironic that yellen was "scheduled" to speak on the last day of the quarter......just check the remainder of the year's speaking schedule. All very well choreographed (sp)
Gold, bitchez
And silver too, bitchez!!! Remember, it's still 65:1 right now
just sayin'...
65:1, the above supply of gold:silver is 1:1, and silver is being used for electronic equipment like it is going out of style.
Buy silver.
USGS (supposedly) says silver supply will be gone by 2020. But I'm sure all those industrial users will just substitute hopium or FRNs in their manufacturing process.
I hope to one day see Lloyd Blankfine collecting silver scrap out of a land fill.
It makes me so happy every morning at 8.30 am when I get to give away some of my money to Bankers , this could come to an end if all of you slaves would stop paying taxes , but that would mean independant thought, so its not going to happen .
Haven't paid an income tax for a year and it feel good.
.
Gold crossed the 1st qtr finish line with a bullet in it's ass and immediately dropped dead.
NO kidding. As a silverbug I'm busy icing my coinpurse with a bag of peas from getting roshambo'ed into oblivion, again. Oh well, I just picked up a tube of rounds to help assuage my despair and promptly fukkin lost it where I lost the rest of it.
thats the spirit...
stay up mate..
I was doing 2% daily on a handful of miners until I got sucked into A Big Move. I sucked myself in, BTW. My name is Park and I'm a gambler.
no chit man......but that's what they want ya to do......puuuuuuke it up
Lesson learned. Don't put half an ass on the dance floor.
just because you keep honking your horn doesn't make traffic move any faster.
http://online.wsj.com/news/articles/SB1000142405270230409610457924010331...
always good to see prices moderate after they double in just over a year of course.
Tesla is up over 30 percent YTD.
Even the fuel cell names had a good day after being three baggers in...is it three months?
sell your gold?
bwhahahahaha.
having said that "you're somewhere back there" no matter how many boating accidents you've had over the past 5 years. I would say "if you're a Frenchman however....
did you lose your phyzz where I lost mine? I can't find it anymore, but I keep losing it there anyway...fuckin' wierd, ay??? ;-)
You did not loose it the bakers just make it worth less for you , so they dont have to physically take it .
OMG!! The bakers are in on this, too???
The game won't be finished until the last 'we buy gold' shop has bought the last available ounce of scrap from the last desperate formerly middle-class American trying to cover their bills one last time. Then, once the wealth transfer's complete, the epiphany will occur on the part of either the Chinese, the Russians, or the Government, that maybe everybody should have to back their currency with gold, the dollar and USTs will go racing into the shitter, and the public will be left holding the bag.
Hey Al fwiw a few years ago I had those shops all over where I live. They are all pretty much gone now. "For rent" signs everywhere now. The other thing i notice driving around is a shitload of houses are going up for sale. 5 years worth of inventory people were sitting on wating for "the market to come back" are all getting barfed onto the market. Everyone scrambling to take advantage of "the recovery" at the same time. Whoops.
Yeah, there's still a few where I live, but no where near what it was like a few years ago. I don't know if that's because they vacuumed up most of the available scrap, or if it's just price sensitive. The intensity of the propaganda's so high now, I can't tell anything any more. Sometimes I think 'maybe things REALLY ARE getting better, maybe I'm missing the recovery by focusing on a few negatives and missing the big picture positives' but then I look at every bill I pay going up every damn year, in the 'zero inflation' environment, remember the spying, the lying about Syria, lying about Libya, lying about the Ukraine, Corzine, the German gold delivery fiasco, ABN delivery failure, the continually skyrocketing FED balance sheet, with no exit, and on and on, and I always have to come back to the idea that the guys at the top KNOW this is all going to come apart, and anything goes to keep it running just a little longer... and in the end, it's the public, the middle class, that's going to be the expendable collateral damage in the reset.
Confirmed, Zillow has added about $100k to the "recently sold" home prices in my neighborhood. Just trying to add. From their terms of service:
12. NO WARRANTY. ZILLOW PROVIDES THE SERVICES "AS IS," "WITH ALL FAULTS" AND "AS AVAILABLE," AND THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY, AND EFFORT IS WITH YOU. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ZILLOW AND ITS SUPPLIERS MAKE NO REPRESENTATIONS, WARRANTIES OR CONDITIONS, EXPRESS OR IMPLIED. ZILLOW AND ITS SUPPLIERS EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES OR CONDITIONS, EXPRESS, STATUTORY AND IMPLIED, INCLUDING WITHOUT LIMITATION (A) WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, WORKMANLIKE EFFORT, ACCURACY, TITLE, QUIET ENJOYMENT, NO ENCUMBRANCES, NO LIENS AND NON-INFRINGEMENT, (B) WARRANTIES OR CONDITIONS ARISING THROUGH COURSE OF DEALING OR USAGE OF TRADE, AND (C) WARRANTIES OR CONDITIONS OF UNINTERRUPTED OR ERROR-FREE ACCESS OR USE.
Oh, you mean the old it's all right for the price to go up when I own it trick!
More specifically 'when I OWN it, and YOU NEED it'.
They want the bag as well.
Everything.
but it penetrated lots of moving averages !
Penetration for all!!
General FYI to all.
S&P futures were up over 0.5% all last night in Asia, long before Yellen said a word.
then i really am disappointed.
http://www.youtube.com/watch?v=pgoKClX6vsc
You can obtain almost any rank order you want by selecting the starting and ending time points.
That was the worst win I have seen, since the Stanford-Cal game.
Okay, boyz, book the AUM client fees and roll this bitch over tomorrow.
How will gold do in q2? How long can the casino keep going?
I sometimes think they can keep it going longer than we can stay sane.
But then, these guys Control Whole Friggin Countries....
The train wreck coming may just wipe out the humans completely, that's how insane this is.
It Can't Happen That Way.
The correct people will be killed, or blackmailed or whatever is required to get cooperation. Does anyone not remember Strauss Kahn, informing the Irish they would be allowed to default, and within 48 fucking hours he's accused of rape and less than a week later removed as head of the IMF.
Money is man made. Period. If money is going to cause a billion deaths, it will have its definition changed.
The big destruction comes from oil scarcity, because it won't be permitted to come from anything else.
DOW drops most since 2012.....what's that less than 100 points?
13.4
What, 13.4 percent?
No silly, 13.4 points
Oh, OK
Yeah, what a deal
Sure is
Think I'll buy me some more, tomorrow
April Fool's
Well if you have any faith in TA, gold's going to crash in the Q2.
http://www.smartmoneytracker.blogspot.com/
So says a TA guy who agrees that it's manipulation.
I agree it is quite possible, but that does not affect my stacking, other than yes I would hold off some more fizz acquisition in case they pull it lower then pull the trigger.
I am thinking of possible profits in paper GLD though, let it crash, buy GLD the sell it quick when it goes up a bit.
I'm out of all my miners and my PHYS. Took a stiff loss despite the comeback Q1. The PMs look weak to me; or maybe I just have 'PMS' LOL.
Another leg down and a retest of 1180 on the way shortly imvho.
one can't have faith in math which means faith in TA is avoidance of math, pretending it's technical when in fact "TA" is very anti-technical and actual mathematical analysis is rarely used because most people can't do the math.
Gold wins? My ass still hurts, but if that strange and painful sensation is called winning then I suppose I will become conditioned to accept it.
so you only bought much longer ago than the last quarter and you are somehow upset?
We can't always hit the bottom for a buy but where the long-term trade-value gold-for-goods is going it hardly seems painful now. It's just a discount bargain price & already off the bottom prices for the last 2 years.
The stock indexes have a very consistent uptrend pattern. Corrections don't occur so not to worry. The FED took control at the end of 2011. You can't think of US stock indexes like they were before then because they don't represent the same thing as back then. FED software generates the indexes now.
First they stole all the US Gold Reserves and now they have stolen the stocks of corporations.
It's over until Germany, Russia, China and the rest of the world fucking nukes them. They are like pedophiles. They can't stop until they are locked up.
really Tyler?? again? Long Treasuries were the best performing asset class the first quarter: TLT up over 7% plus a touch of yeild. thats 1% more than GLD.
dont worry though WSJ cant figure out why bonds have been performing despite tapering. dshort.com puts out a nice big table showing how spx and tnx perform during each QE period and as each ended. generally yeilds go down, --becasue-- stocks go down....since this 'ending' will take a while plan on a long year bulls.
third chart down: http://www.advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-In...
Hey, Bath House:
Crimea River, Bitch!
Au wins!
LC
Russian stocks (NASDAQ: VLAD) are on a tear. Efficient markets, heh. Russian stocks had a PE below 5 at the lows this month. I swear to god... nobody in the markets today thinks past the end of their nose. I'm stupid too. I should have bet a lot more.