Stocks Pump-And-Dump-And-Pump On Fed Minutes; Bonds & Gold Rally

Tyler Durden's picture


The knee-jerk reaction in JPY (which ran to 101.50 running stops) rippled across stocks (which ran to highs and took out stops), bonds (which ran to high yields of the day and took out stops), and gold (which ran to the week's lows and took out stops). But that did not last long. With the algos taking a back seat for a moment to real positioning, bonds are rallying, gold is up, the USD is down and equities are unch to down (Russell worst). Credit markets remain weak on the week and (just like Monday) unimpressed by equity's exuberance.


Pump-and-dump-and pump...


But credit ain't buying it again...


Who could have seen the JPY stop run comng?



And the reaction close up...

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Wed, 05/21/2014 - 14:37 | 4782136 PartysOver
PartysOver's picture

Go BOTS, go!

Wed, 05/21/2014 - 14:44 | 4782163 PartysOver
PartysOver's picture

Trading is simple.

Just ask yourself one question.

Which side can the Boys Bend Over Next?

KY anyone?

Wed, 05/21/2014 - 15:49 | 4782334 SAT 800
SAT 800's picture

Sold 4XESM4, today @1886.0. $200/pt. New Short. basis June.

Wed, 05/21/2014 - 19:11 | 4783081 SAT 800
SAT 800's picture

Sold 3XCL basis July @103.80; a new Short. $3,000/ dollar on the price per barrel.

Wed, 05/21/2014 - 14:37 | 4782139 i_call_you_my_base
i_call_you_my_base's picture

It's the same on nearly any heavy fed day. It cracks up in the morning and just stays steady and high the rest of the day. Look at the taper news, more taper news, etc. It's fucking uncanny, as if there is one rig button that says "Fed". They just push it in the morning and then leave for the day.

Wed, 05/21/2014 - 14:43 | 4782159 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

the way it works is this: high volume exuberance and increase for 1 minute based on the fact that the FED has not really said anything insane (we plan to tapr faster; hey the economy really sucks, we're screwed, etc), and then selling off that high (to make some money) for 2-3 minutes, and then a return to a low volume slow and steady increase the rest of the day. 

Wed, 05/21/2014 - 14:44 | 4782142 ebworthen
ebworthen's picture

Bonds and Gold telling the story.

Stocks in la-la land as usual.

Wed, 05/21/2014 - 14:38 | 4782143 Dr. Engali
Dr. Engali's picture

Off topic ... a bit: Gold story on Yahoo:


Gold bar and coin demand slumps to 4-year low


Keep it out of the weak hands.

Wed, 05/21/2014 - 14:42 | 4782158 dark pools of soros
dark pools of soros's picture

Gold is under 1300... Weak hands get tired of bag holding.

Wed, 05/21/2014 - 14:47 | 4782172 Dr. Engali
Dr. Engali's picture

Tell me about bitcoin rising against fiat at $1,200 again.

Wed, 05/21/2014 - 15:10 | 4782209 dark pools of soros
dark pools of soros's picture

Can you read charts you blind fuck? Put bitcoin and gold charts side by side for the past three years and choke yourself.. Hell bitcoin was still $100 last September. 4x your money vs gold?

Or you are a terrible trader that only looks how the worst trade can happen by buying at the top of a market? You only look at how much you would lose for being the worst trader ever? Is that what you bring to the discussion?

I sold most of my gold in the high $1800's and sold most of my bitcoins $900 to $1100. I said that in Jan. I am accumulation both now. You will continue to be a dumb fuck

Wed, 05/21/2014 - 15:45 | 4782233 Dr. Engali
Dr. Engali's picture

Ah did I hit a such a raw spot that you have to resort to name calling? By the way you are lying about your trades. You were going on about bitcoin being a buy at $ 1,200. I have been and continue to purchase PMs, however they aren't a trade for me. I fund my purchases with the proceeds from trading with the free money from the fed.

Edit: BTW, you were bullish on gold in January. Are we to assume that you have since changed your stance?

Sun, 05/25/2014 - 13:03 | 4793439 dark pools of soros
dark pools of soros's picture

buy at $1200??  you make up the worst shit..  i was selling and told you, but you feel the need to be right and forget about me telling your dumb as shit brain to buy at $30 over a year ago.. remember that fucktard??  do you???


and i resort to name calling to kick you in the fucking braindead skull since talking to you is meaningless


i sold from $900-$1100 and been buying from $400 up now and yes i am in long gold since under $1300 and sold that when it was over $1800


fuck  u  if  u  dont   believe   it   jackass



and if we want to make up shit the other said you were going on and on how you really do love fucking boys and feel it is the next progressive thing to do





Wed, 05/21/2014 - 15:40 | 4782311 greatbeard
greatbeard's picture

>> I sold most of my gold in the high $1800's and sold most of my bitcoins $900 to $1100.

Hey bro!!! Me too!!!  I bought the bottom and sold the top time and time again.  It's like shooting fish is a barrel.  Nice to see there's more of us than just me and getzeegold.

Wed, 05/21/2014 - 19:46 | 4783163 crazyroadlizard
crazyroadlizard's picture

is a $5 jump really a rally?

Sun, 05/25/2014 - 13:00 | 4793444 dark pools of soros
dark pools of soros's picture

you been here a year and you feel the need to say some basic stupid shit like that?  glad you showed up

Wed, 05/21/2014 - 14:47 | 4782175 CheapBastard
CheapBastard's picture

More Bailouts on the horizon added with raising the munimum wage ... very Bullish for commodities.

Wed, 05/21/2014 - 18:00 | 4782837 SAT 800
SAT 800's picture

283 Tonnes in the quarter year !! Ten times what the Russian Nation bought for it's central bank reserves !! That means the recent lows are a real bottom; nowhere to go but up from here. Thanks a lot for the reference; with a "slump" like that we're doing good business here !

Wed, 05/21/2014 - 18:02 | 4782843 SAT 800
SAT 800's picture

stated demand figure on your referred site; 283Tonnes. Ten times what Russia bought for their central bank reserves. With a "slump" like that, we got no worries, Mate. That means the recent lows are hard floors, and there's nowhere to go but up. Thanks for the link; I had no idea.

Wed, 05/21/2014 - 14:39 | 4782146 timmeh
timmeh's picture

no inflation risk! BTFD!!!

Wed, 05/21/2014 - 14:40 | 4782150 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I wonder if VIX will break 12 by the end of the day. 

Wed, 05/21/2014 - 14:48 | 4782176 TheRideNeverEnds
TheRideNeverEnds's picture

Even if it does it is still a sale; the VIX is incredibly overpriced, its going back to single digits. 

Wed, 05/21/2014 - 15:25 | 4782263 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

The VIX made it to 11.89 just a few minutes ago. So what happens if the VIX goes to 0? does the stock market go to infinity, and everyone who is invested become infinitely rich. And those short the market, infinitely poor?

Wed, 05/21/2014 - 14:41 | 4782153 hoist the bs flag
hoist the bs flag's picture

 I see that hindsight is a bit fuzzy here...then again, that doesn't matter when you are dealing with rigged casinos n robots.

Wed, 05/21/2014 - 14:41 | 4782154 valley chick
valley chick's picture

What the heck is going on with oil?  Getting close to 104.

Wed, 05/21/2014 - 14:43 | 4782161 ebworthen
ebworthen's picture

Memorial Day and the Summer driving season 5 days away.

Wed, 05/21/2014 - 15:16 | 4782235 SheepDog-One
SheepDog-One's picture

The bankrupt and unemployed about to pile into the family Truckster and drive to Wally World!

Wed, 05/21/2014 - 15:34 | 4782290 ebworthen
Wed, 05/21/2014 - 14:46 | 4782169 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Keeping gold under 1300.00 at all costs...stocks must go higher until the collapse.

Wed, 05/21/2014 - 14:52 | 4782181 Yen Cross
Yen Cross's picture


Old Yeller and her band of thieves are getting pretty good at simultaneously slamming the usd down while elevating bond yields... They must be taking night "jawboning" classes from Draghi.

Wed, 05/21/2014 - 14:55 | 4782191 Fight-Club
Wed, 05/21/2014 - 15:04 | 4782210 Al Huxley
Al Huxley's picture

What a bunch of fucking retards - 'Oh boy, the FED minutes say exactly what they told us after the meeting - load up!'

Wed, 05/21/2014 - 15:14 | 4782230 SheepDog-One
SheepDog-One's picture stawks

Wed, 05/21/2014 - 15:20 | 4782245 papaswamp
papaswamp's picture

Oil is the game today kids..

Wed, 05/21/2014 - 15:34 | 4782270 QE49er
QE49er's picture

Someone told me to be my own central banker, so I did a few things:


1.) I have hoarded loads of gold/silver over the years

2.) I issue & control my household money supply & I Don't care if a (D) or (R) wins elections.

3.) I've grown a scraggly beard and look in the mirror and smile at my self and repeat over & over again: "God Himself could not sink this economy."

I release my own Microsoft Word "Household Minutes" that I hand out to my family, currently Working on my $250K speeches... 

Wed, 05/21/2014 - 16:15 | 4782448 PhilofOz
PhilofOz's picture

Around midday Aussie time yesterday the gold price was a touch over $1296, so when I read a headline stating "Gold Rally", I don't expect that in the following 18 hours I see the price at $1291.82!

Wed, 05/21/2014 - 20:43 | 4783300 Last of the Mid...
Last of the Middle Class's picture

There is always the possibility of the taper ending, they might consider ending the taper, set parameters for ending the taper, project the taper in the future, show concern for inflation with the taper ending because of it, taper tomorrow, next week, next year, in 2016, be extremely happy the time to taper is here, admit it is time to taper, reanalyse taper in the future, absolutely start the taper in the coming months, and rejoyce the economy is doing so well that the taper is the next step and obviously just fucking lie about the taper. But they cannot stop printing fiat. They are just too far into it now. Too many people have lost too many jobs and too much pruchasing power. We hae fallen down thecosmic bunny hole of banker and politician greed.

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