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Bonds, Gold, And Yen Smash Higher As Stocks Tumble
Well that escalated quickly...
USDJPY is collapsing...
Gold and silver are well bid
and Bond yields are tumbling
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no Ron Burgandy clip?
Yen???? WTF...
'Cos the yen's just 'valuable' isn't it, not...
Carry trade unwind.
Tyler can you explain this ?
BREAKING NEWS: Russia annexes Crimea region.
/$
Roller Coaster....of love. Say what??
well, isn't this mighty convenient for todays $29b 7yr autcion?
Hmmm, only Russian markets are supposed to go down.
Isn't that what Obama has been promising?
The costs are supposed to be over there ->
The Yen carry trade is when traders borrow for free from Japan and then use that money to buy treasuries which they can book the spread and use them for collateral to lever up and buy more stocks. Typically they will sell Yen and buy USD to buy risk assets. This works fine as long as the USD/Yen stays within a certain range. If something happens and that forces a risk off deleveraging ( think margin calls) then traders are forced to buy Yen in order to pay back the debt. The buying of Yen and selling of dollars causes the Yen strength.
Hope this helps.
When it comes to money and all that, I'm about as bad off as a rubber-nosed woodpecker in a petrified forest. Thank you kindly, Doctor. This helps.
Glad I could help. I like your analogy. I've never heard it before, and if you don't mind I'll be borrowing that..... well I'll borrow it even if you do mind ;->
And buy stocks with it?
How about this one.....As nervous as a long tail cat in a room full of rocking chairs.
Thank you for this.
i am really scared now ... please Doctor Evil ... please
You should find a "safe house".......
It sure as hell aint gold, lol! Well, not yet anyway.
In the meantime, stocks, bonds and REITs will serve you well.
Bank on it.
Kinda suprised you didn't mention bitcoin too flux, I mean fonestar er uh MDB:-)
Don't feed the libtard troll!!
oooops, there it is!
maybe a selfie of Obama & Biden will reverse the carry trade in the right direction.
I couldn't find it on YT, but lately it seems the following would more appropriate:
All I know is, finally I get to kill somebody
Nope...back to Truman Show-as-usual...(hic!) (Burp...YAWNNNN...!0
I just realized, reading your comment, what a master stroke it was to call it the "True Man Show"....because of course it was anything but....
Gold bitchezzzz!!!
JBTFD
JSTFS
why the fuck would investors buy yen when they're scared ?
Unwind carry trade. ... Someone who is an expert can explain.
Carry trade is borrowing a cheap currency at low interest rates, and investing overseas in higher yield instruments.
The bet you make is that the borrowed currency remains weaker than the invested one.
If that changes, it is called an unwind as everyone tries to buy (in this case Yen) to close out their positions.
The carry trade unwind is what WILL be the trigger of the coRRapse....
The low interest loans a la Japan are obviously only available to high risk hedgie types or crony speculators or the super well conected.
ori
THIS is the carry trade.
It's all about high yield being something other than total crap (high yield for a reason) and "hedging" the currency risk. (in this case the world's most indebted economy...Japan.)
The Japanese are wisely in my view seeing this as an opportunity to buy up as many dollars denominated and dollar producing assets as possible...but with no recovery in sight interest rates in the USA could suddenly compressed...and that would make this seemingly straightforward "personal ATM" become a widow maker.
The Fed has forced everyone into struggling to find any alternative to treasuries.
one of those alternatives is unfortunately outright default...and we are now seeing the bankruptcies that are usually precursors to such an existential reality.
The Banks are simply not lending into this "thing." It would appear they're pushing for default here actually.
Hardly....
Here are USD margin rates
http://www.tradingdirect.com/?gclid=COe9iJOw-b0CFe99Ogod4zwAWQ
A million dollars ain't what it once was....
Moreover, things like the Yen Carry trade are how markets work, whether you like it or not... Cross currency interest rate arbitrage is a very old game...
The only real problem is that tax rate for unproductive behaviour of this kind is too low.....
Unwinding a carry-trade?
They don't the criminals just wants you to buy Yen so they manipualte the market to suck unsuspecting people into the wrong side of a trade!
What is this Mickey Mouse shit? What in the name of Jesus H. Christ are you animals doing in my head? Why is Private Pyle out of his bunk after lights-out? Why is Private Pyle holding that weapon? Why aren't you stomping Private Pyle's guts out? [/fmj]
Gold will shine when bonds start falling on this kind of news. Not rising.
War is bullish fro the MIC..... BTFD.
S&P is of course UP!
Aaannnnndd......WE HAVE LIFTOFF! Back to green!
Nothing will change until the first DIVIDEND CUTS.
That shit was scary....LNKD and its brothers monkey hammered...no buyers....Where is all the liquidity that HFT provides....???????
The grand cardinal cross strikes. How funny that the greatest astrological event in memory coincides with the beginning of WWIII. Better get real money while you can.
Actually, the real pioneers of the GCC are emerging with power through grace. The under-developed natives are translating the energy into hostility, and suffering themselves for it.
Damn those fucking manipulators, just who the fuck is buying so much gold in a thinly traded market ???
off topic
http://www.washingtonpost.com/politics/probe-dhs-watchdog-cozy-with-offi...
Probe: DHS watchdog cozy with officials, altered reports as he sought top jobThe top watchdog for the Department of Homeland Security altered and delayed investigations at the request of senior administration officials, compromising his independent role as an inspector general, according to a new report from a Senate oversight panel.
Charles K. Edwards, who served as acting DHS inspector general from 2011 through 2013, routinely shared drinks and dinner with department leaders and gave them inside information about the timing and findings of investigations, according to the report from an oversight panel of the Homeland Security and Government Operations Committee.
A year-long bipartisan investigation by the panel also found that Edwards improperly relied on the advice of top political advisers to then-Homeland Security Secretary Janet Napolitano and acquiesced to their suggestions about the wording and timing of three separate reports.
The Washington Post obtained an advance copy of the Senate document, which will be released to the public Thursday.
Edwards’s actions occurred while he was seeking President Obama’s nomination to be the permanent inspector general overseeing DHS, the third-largest government agency, with a $39 billion budget and more than 225,000 employees.
...
Anyone who thinks these problems will be fixed from the inside and just put the other guy/team in and they will make it all better needs to have their heads fixed. Unless you first cut the puppet master's strings nothing changes.
Smaller government attached to puppet strings is still a controlled puppet....
Gold up in the face of global conflict? Who in their right mind would want such a barbaric relic?
This shit is getting real.
Sigh ...
You are all so gullible.
you've added quite a bit to the conversation today!
sigh..... YOU ARE SUCH AN ASSHOLE!
3 months as a member before starting to post must be the goal of the troll handlers so their minions can have a little 'street cred'.
Welcome to the jungle, we got fun 'n' games
We got everything you want, honey we know the names
We are the people that you find, whatever you may need
If you got the money, honey we got your disease
In the jungle, welcome to the jungle
Watch it bring you to your kn-kn-knees, knees
I'm wanna watch you bleed..........
Was that just a financial warfare shot across our bow...?
BITCHEZ !!
Had the same thought.
My feeling is that all the smashdowns of the past months were preparatory to this explosive move up. After all, proper manipulation demands pre-emptive action.
Whether this is the beginning of the big move up is hard to say. Its already been caught so its not really that strong.
Nonetheless, the big move up is coming and it can't be too far off now. Shit is getting real in Ukraine...
Yep gotta increase the value of the gold and silver when the faith in the paper is lost to keep the mercenaries and controlled puppets fighting to keep the empire alive. Take their coin and refuse to fight. The mercenaries will stop marching real quickly once the paychecks get light. Hell take their precious and pay them off to turn against the beast...
It is all just forms of idoltry anyways just like believing pieces of paper and weapons alone are guarantors of freedom and rights. It is a very Unchristian deception fostered on people,
And the price of lead?
Death to fascist pigs. Know any oinkers? "Animal Farm" is here to stay...now that they can run computers.
Where is Reggie "I've been bearish on Apple since $200/share" Middleton??? Need his opinion on Apple's gross margin INCREASE. Apple's up 8% today. Also need his opinion on how he got it so wrong.
Don't let him bullshit you into believing he picked the top at $700/share, he's been negative since $200/share.
spot gold still within a bear channel
http://bullandbearmash.com/chart/spot-gold-daily-stalling-support-sidewa...
a stronger USD may push gold lower, but for now, it's holding
why the hell does JPY ever go up?
(nevermind, already answered in thread)
Stawks tumbling, well into the green. Yea whatever...Shit Show.
My truck doesn't even beep anymore when I back it up. I just quietly BTFDs, then I wait for an annoyed courier to deliver a small yet extremely heavy package.
PS, if the courier ever asks what happened to the machine I was building with all of those "machine parts", I will tell her I lost it in a boating accident.
Transformers, tell'em they're transformers (heavy iron and copper thingies that go in electrical equipments).
Seems apparent to me that there's a Fed mandated algo that unloads sells if there is any daily price action approaching 2% of that day's lows.
No need for guns when you can crash the whole US economy by destroying the dollar in about hmmmmmmm, a day maybe. Might as well do it then the banksters can feel the pain. The rest of us have nothing leftto lose so WELCOME TO THE PARTY YOU BANKSTER BITCHEZ. Soon we'll really get the party started and start hanging your worthless asses for treason right next to your politician buddy.
That's one hell of a swing. Where is Jon Nadler to explain? Wow somebody's asshole really hurts right now. Friends ask me how I trade the precious metals markets. I tell them that I don't and not to get involved with electronic trading.(exhibit A from Tyler above) Stacking is what you want to do I tell them but only a few have.
Realistically though, I have been a part of the PM markets for 15 years now. I've never been a market maker.LOL I've watched PM prices for all of those years though. I have studied economics as you all have. I have never been beaten on a silver purchase. I still never have been beaten but I am sitting $34 some an ounce silver at the moment. Ooops. Oh well, at least I have more $7 an ounce silver to make up for it.
I have not taken a loss though because I have not sold the silver. That's the key to playing PMs and taking physical into possession. Anyone who dares trade ETF's and derivitives on PMs is a gambler. I know I am preaching to choir here in some regards but there are new people on this board who need to know. All the same, it still bears mentioning that the PM markets have been rangebound for over a year now. Remember, I have been at this for a while.
You can always expect wicked volatility in the PM markets. I won't be the first to say this but the PM market is seriously fucked up. The "market" has nothing to do with the metal itself. It has nothing to do with supply and demand. PM's are a commodity am I correct? Yes, I am. If you bid on pork bellys and call it would you get delivery? Yes, you would. If you bid in silver or gold and call it would you get delivery? That would depend... and probably create a series of investigations by the .gov. Who knows, you might want to start your own nation and are therefore a terrorist. We can't have any of that because you need to put money into the crock market. Invest in Facebook and margin call it. What do you get for that? A roll of toilet paper? That's really the problem, you should not be able to trade things that you don't actually possess or things that do not exist. It's a fucking dreamworld and I am not in it. As long as this shit continues, we will never arrive a at a market price.
By all means of any economic theory I have read, quantitive easing SHOULD have caused a rise in the price of gold and silver. Instead, we saw a fairly steep decrease in PM prices. How the fuck does that work? I am to believe that physical gold and silver are so liquid that they can flow into stocks and bonds? I call bullshit just as all of you do.
I can see that I am getting worked up into a froth and it is too early in the day for that. No one really knows the price of gold or silver compared to a dollar or a euro or any other scrip. Keep stacking. That makes the other fuckers nervous.
"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
Admittedly there was a $20+ move in gold today but I would hardly refer to a $7 something gain in gold as "smashed higher" unless the article was referring to the move from the earlier "smashed lower" this morning. I mean a net gain today of ...0.6% ? The "stock" markets do that on a regular basis.