• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Gold Spikes, Bonds & Stocks Surge Despite Fed Warning Over Complacency

Tyler Durden's picture


As usual the initial knee-jerk reaction (in this case lower in stock prices and higher in bond yields) has been faded rapidly and despite Fed warnings over investor complacency (and real economic uncertainty not being priced in), investors are buying bonds and stocks with both hands and feet (for now)... Gold is spiking higher as the USD drops.

Gold is spiking


As Bonds, stocks, and the USD revert


How long can this last?


Charts: Bloomberg

Your rating: None

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Wed, 07/09/2014 - 14:33 | 4940456 whotookmyalias
whotookmyalias's picture

'Cause it's the fundamentals driving this market.

Wed, 07/09/2014 - 14:40 | 4940479 flacon
flacon's picture

unfundamentals... (it's probably good for the eCONomy)

Wed, 07/09/2014 - 14:55 | 4940531 cifo
cifo's picture

I told you, didn't I?

Wed, 07/09/2014 - 15:25 | 4940655 NoDebt
NoDebt's picture

Gold over $1300/oz again?  Somebody fetch me my sledgehammer.  Time to "get to work".

Wed, 07/09/2014 - 16:29 | 4940846 lordylord
lordylord's picture

Lordy lord, an $8 spike.  Thanks for bringing this to my attention, Zero. 

Wed, 07/09/2014 - 14:56 | 4940534 knukles
knukles's picture

The way everything's reacting you'd think they said they're gonna ease policy until the illegal immigrants go home.
Which I can only interpret as nobody believes they're really tightening.

Or sumptin' like that.

Wed, 07/09/2014 - 16:17 | 4940827 TheRideNeverEnds
TheRideNeverEnds's picture

Nobody said "Belgium" would be tapering so it is still all good.

Wed, 07/09/2014 - 14:40 | 4940482 NotApplicable
NotApplicable's picture

The fundamentals of Jaw-boning, that is. I'm beginning to think these events are the sole reason the market ever moves in a "non-complacent" manner.

Wed, 07/09/2014 - 15:43 | 4940722 CrashisOptimistic
CrashisOptimistic's picture

The only news of significance is bonds, because they say about as clearly and loudly as can be said that we're going Japan's route.  No growth.  No yield.


If you own them enroute to no yield, you're going to make money.

Wed, 07/09/2014 - 15:27 | 4940662 Squid Viscous
Squid Viscous's picture

10 point bounce in the ES almost every fucking day, unreal... i'm just gonna be a day trading monkey from now on, seems easy enough

Wed, 07/09/2014 - 14:35 | 4940464 IANAE
IANAE's picture


Wed, 07/09/2014 - 14:37 | 4940467 BadDog
BadDog's picture

Because nobody believes their bullshit anymore.

Wed, 07/09/2014 - 14:37 | 4940469 Headbanger
Headbanger's picture

Because Obama

Wed, 07/09/2014 - 14:43 | 4940486 flacon
flacon's picture

We sacrificed a chicken this morning before dawn and prayed to Osama to bless our stawks. 

Wed, 07/09/2014 - 14:57 | 4940537 knukles
knukles's picture

'N it fuggin' work'd, Yo!  Werez dat EBT card?

Wed, 07/09/2014 - 14:38 | 4940471 JenkinsLane
JenkinsLane's picture

The reality now is the Fed Chairperson is a modern day oracle.

Wed, 07/09/2014 - 14:45 | 4940497 101 years and c...
101 years and counting's picture

the chair person is a fat, retarded twat that needs to die.  ASAP.

Wed, 07/09/2014 - 14:48 | 4940509 JenkinsLane
JenkinsLane's picture

Don't beat around the bush, just give it to me straight.

Wed, 07/09/2014 - 14:38 | 4940475 Gringo Viejo
Gringo Viejo's picture


Wed, 07/09/2014 - 14:42 | 4940490 NotApplicable
NotApplicable's picture

Meh, DXY don't mean squat, given it's measured against it's "peers."

Wake me when the petro-dollar finally ends.

Wed, 07/09/2014 - 14:41 | 4940483 orangegeek
orangegeek's picture

we are going up until some of these banks fail


the MSM morons are pushing GDP up for Q2 even though Q2 retail took a dump


we don't like the buying (up), but no one is selling either


again, need a bank to fail - just one - my guess is that will be some small country in Europe

Wed, 07/09/2014 - 14:41 | 4940485 Who was that ma...
Who was that masked man's picture

Dollar breaking bad.

Wed, 07/09/2014 - 14:42 | 4940488 Squid Viscous
Squid Viscous's picture

hymie town, DC

Wed, 07/09/2014 - 14:43 | 4940491 PlusTic
PlusTic's picture

fake talk driving fake mkts...liars lying in response to lies    :o

Wed, 07/09/2014 - 14:43 | 4940492 hegemony
hegemony's picture

And the beat goes on :(

Wed, 07/09/2014 - 14:46 | 4940499 fonzannoon
fonzannoon's picture

silver is a vagina face. $21.18?


Wed, 07/09/2014 - 15:26 | 4940665 NoDebt
NoDebt's picture

Reverse psychology.  It's been tried.  Doesn't matter what you yell at it.  Ask me how I know.

Wed, 07/09/2014 - 15:37 | 4940708 greatbeard
greatbeard's picture

>> silver

It's only got to go up less than 50% and I'm even.  Not bad, not bad at all.

Wed, 07/09/2014 - 14:45 | 4940500 you enjoy myself
you enjoy myself's picture

I'm going to take this as an early sign that the FED has finally lost control.  They can't even jawbone SPX a couple of points into the red despite being at all-time highs?  Despite pretending that QE is done in Oct?  Wow.  We really are going Zimbabwe or bust. 

In other news, CYNK now has a market cap of $3B.

Wed, 07/09/2014 - 14:49 | 4940515 Gringo Viejo
Gringo Viejo's picture

80.00 on the dollar being defended mightily.
When it fails, and it will, you won't believe the downdraft.

Wed, 07/09/2014 - 14:51 | 4940523 Latitude25
Latitude25's picture

And soon intervention to correct these normal market reactions

Wed, 07/09/2014 - 14:55 | 4940533 hegemony
hegemony's picture

http://site.introbiz.com/ cynk home page sorry I can't figure out how to link it. Certainly seems like a 3 billion dollar website

Wed, 07/09/2014 - 15:00 | 4940547 MFL8240
MFL8240's picture

Need more time to get the big boys money out then they will take it down!

Wed, 07/09/2014 - 15:03 | 4940563 Danno Anderson
Danno Anderson's picture

GDXJ is up over 5% today and is ready to blow out the top side. 

Wed, 07/09/2014 - 15:05 | 4940567 khakuda
khakuda's picture

So over the last week, Yellen has basically said, "Investors are being too complacent, but there don't appear to be bubbles, broadly speaking.  We won't rasie rates anytime soon and when we do, we won't raise them much.  And, by the way, we certatainly won't raise them to quell bubbles, which we don't see now.  So, game on!  Run on out and go be complacent!"

Wed, 07/09/2014 - 15:09 | 4940588 Kaiser Sousa
Kaiser Sousa's picture

APMEX just shipped my shinny...
fuck off bitch ass sociopath mother fuckers...

keep stackin' my ninja's.

Wed, 07/09/2014 - 15:16 | 4940628 Agstacker
Wed, 07/09/2014 - 17:35 | 4941048 jon
jon's picture

" insha'allah we shall purge the infidelimentals from the face of this earth"

Wed, 07/09/2014 - 18:32 | 4941201 realWhiteNight123129
realWhiteNight123129's picture

Look the stock market is going to the absolute infinte, worth nothing though (hyperinflation).

Shorting stocks is just a trade, the trend is destruction of the dollar and hence Stocks going to the absolute moon in nominal  terms but to the dustbin in real terms.


Wed, 07/09/2014 - 18:34 | 4941202 realWhiteNight123129
realWhiteNight123129's picture


Do NOT follow this link or you will be banned from the site!