This page has been archived and commenting is disabled.
Gold Jumps Back Above 200DMA As USDJPY & Stocks Continue Slide
The weekend's re-escalation in Ukraine has sent gold popping $10 (and back above its 200DMA) and FX carry (and thus US equities) sliding in the early overnight trading. With Japan out (and Europe set for another holiday) volume are, and will likely remain, low. Critically, USDJPY is back under 102, even as Japan's central bank governor proclaims:
- *KURODA SAYS PRIVATE ECONONISTS UNDERESTIMATE JAPAN, CNBC SAYS (but the government ones are nailing it)
Which means Nikkei futures are also lower - down over 300 points from Friday's highs (and Chinese stocks are falling on the back another weak PMI print). Treasury futures are bid suggest 2bps more yield compression back below Friday's low yields at 2.57% for the 10Y.
USDJPY and therefore US equities are fading (back under 102) - this is USDJPY's lowest level in over 2 weeks.
Gold is jumping back over $1300 and its 200DMA...
Treasury Futures are also well bid...
Charts: Bloomberg
»
- 11003 reads
- Printer-friendly version
- Send to friend
- advertisements -
Borrow from Peter to pay Paul.
Borrow from Peter and Paul to pay Goldman
Just continue to back up the truck next to the Banksters on the loading dock and load up like they do whenever the shiny goes on sale.
And when, shortly, there is a "Truce" in the proxy war, Gold will again get hammered down by The Certel with naked short paper. They don't care how much Fiat they loose because The Fed will just print more....
Soooo.......Germany gets it's gold back when again?
CB's just continue to put GLD on sale with their market manipulations ... and as long as they do so ... buy. Physical Bitchez.
Yes, but gold when you can (as able). Eventually, but I have given trying to predict when we will win, and they (banksters) will lose.
Everyone should strive to have 5% + in physical gold. The single best diversification there is.
***
On the other hand, a $6.00 and change uptick is not a big move at all. That's OK, more time to buy.
Gold or silver. Right now, in terms of fiat, silver is a better value.
fonestar believes that whatever method you choose to preserve your wealth, be it physical nickel, physical copper, Litecoin or Reddcoin... Zerohedgers will fare better than most in the coming crack-up bitboom.
What about bitcoin?
Did you sell yet?
you mean load up on what they're unloading?
Just sold short 3X Sept. JPY @ .009819. as this goes down it represents a cheaper Yen. I like Kyle Bass as a financial guru better than BofA. Kyle says the Yen will go to 115 by Christmas Time. Timing is notoriously inaccurate in these kinds of analysis. But all the factors are in place for further devaluation in the Yen/usd cross. all this talk about a magic 102 level is just bloviating.
YES, Kyle is the way to go ... i have been following him since he predicted the mortgage crisis.
HongKong bidding up Silver as we speak; then later t his morning England will offer it down; but guess what ? London is going to run out of Silver before Hong Kong runs out of Dollars. Hee Hee.
Here is where you can do it lol
http://www.randpaul2016.com/
Gold.. LOL.. Paper is where it's at Bitches.
And by where it's at, you mean how muppets get raped, right?
JUst buried a shoe box full of sawbux in my back 40.....should be good to hand over to the grandkids in 20 years.
20 years? I dont think we see 10.
Good call - that's the good thing about paper assets, you can hand them down generation to generation.
Or the gold paper document can be stored in a Ukrainian bank burning ceremony. Hidden in a shoe box in a back closet without a working fire sprinkler. Your correct, passing down a box of ashes to future generations.
long fireproof urns, die first, last best investment (psst - get the gold inlaid version) :)
"where it's at"
I got two turntables and a microphone.
"where it's at."
The bottom of a lake.
origami
is for girls....
I like origami.
Look-
http://img.picsgen.com/wp-content/uploads/2013/07/Money-Origami-Tank.jpg
A tank made from a US Federal Reserve dollar note. Preciously Prescient!
and Look-
http://maxcdn.thedesigninspiration.com/wp-content/uploads/2009/06/origam...
a toillette made from a US Federal Reserve dollar note. Adorably Apt!
My wife has a very difficult time reaching origami. But with much love and persistance, miracles do happen.
Huh, she reaches origami just fine with me..
Gold smashing commencing at 8:30 am.... same old shit different day
Groundhog day?
Timed that one good. Got some the other day at $1284
Be thee quick little grasshopper.
the grasshopper grabs the maple leafs!
Buy MOAR paper!
/SARC!!!
Its like recovery summer, with cherry blossoms this time.
It's almost impossible to pick tops but last week when the establishment reported GDP growth of .1 percentage point followed by an all time high in stocks a huge red flag went up for me. This can't last!
Tuco
I've picked about five tops so far. One time I'll be right.
How many huge red flags did you get?
I picked Four Tops (liked them better than Smokey Robinson and the Miracles).
Indeed you will. I've made money on a couple of my market trading shorts; sooner or later we'll be there for the big one. Keep up the good work.
long the safety and backing with biggest guns-treasuries, whaaaaat you say:) s/
kill those bitcheeeeeeeeeeeeez...
Such a bullshit lie this whole thing....three days ago silver is raped only to jump back up so these cocksuckers can hedge billions to make millions from pennies.
To make Millions from peons....there, fixed it for ya.
Penniless peons placate plastic paper pushes playing prestidigitation poorly. Probably, problematic prices pop providing papa pillaged pain.
Plundered!
60 month average. ftw.
Will not stay up when the sewer opens, this is nothing more than a game for this group of Wall Street crap however, there day is slowing approaching! This economy will crash and the American people will turn on this DC crowd and their banking friends they sold the country too so cheaply while lying to the American sheep!
I bet US $1 bills are a good investment. People will look back and say "remember when eggs didn't cost 30 billion dollars?"
DAX futures are currently up + Majority of Europe, and US futures flat, while Gold moves up, no sell off whatsoever except HK...unreal Draghi comes to the rescue Hopium stance being taken, and that Ukraine will quietly kiss and make up....expect Gold to smacked back down to $1300 and Oil swiftly placed back below $100 anytime soon?...until it doesn't I guess
Wow , and finally a reaction, what a gift those opening levels were, DAX futures off 125, Dow drops 50 in minutes...now what? or perhaps more importantly the US $ is NOT rallying here
DAX & CAC40. WTF? What exactly happened at 10:24?
"Oh, just move on sheeps, nothing to see here. Don't ask too many questions. Everything is alright."
I know right? "short the pound against the dollar" they said, "it will be fun" they said. pffft, bloody wankers and their appreciating currency. Didn't anyone ever tell them inflation is good? Is Greenspans book tour going to Britain? He can set em straight.
In the past few years my situation has changed so much. I was recently considering the unthinkable, selling some of my gold before it gets back to my "break even" price let alone goes through the roof. Then I remembered what I used to say before I (temporarily) got so far ahead of the game and comfortable (a situation which is now way back in the rear-view mirror). That being... Fuck the banksters!!! I'll live under a fucking bridge before I sell an ounce of my gold while it's still being suppressed!
50% retracement was around 1280 so it was due for a bounce. I still think gold is going substantially lower in the medium term and its not at buy with both hands levels for me at least. I think the ultimate cyclical bottom for gold before it goes straight to the moon will be around 1000 in the next year or so. However I do have small leaps call diagonal positions on in silver and miners for moral support mostly and of course as a small hedge against dollars.
As for the spoos, BTFD, you know we will be green by the cash open if not sooner.
money pouring into the safe haven of Italian Bonds again! new ATL yields, you really can't make this shit up
Hey hey, don't talk so badly about Italy. It's a country with a big cultural heritage, they have some substantial olive oil exports from the south of the country and the weather is mostly good, like in Greece, which is also recovering at a fast pace. And Renzi just cut the GDP growth forecast from 1% to 0.8% for 2014 (bullish!) and the debt to GDP ratio should be significantly reduced to 129.8% in 2016 from 133.3% in 2015. So all is good! I'd also buy some Italian bonds if I had some money.
and more madness South African Unemployment (Q1) Q/Q 25.2% vs. Exp. 24.7% (Prev. 24.1%) South African Index hits new ATH
Maybe it's bullish because sluggish employment figures were weather related?
Or we can expect some QE from South African Reserve Bank?
There must be some reason, no?
The Gold and Silver smackdown commences...must get Oil back below $100 as well, as US futures start to rise
I picked the top last week, WINNING! Till i'm not..........