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

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
whotookmyalias's picture

'Cause it's the fundamentals driving this market.

flacon's picture

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

cifo's picture

I told you, didn't I?

NoDebt's picture

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

lordylord's picture

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

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.

TheRideNeverEnds's picture

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

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.

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.

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

BadDog's picture

Because nobody believes their bullshit anymore.

flacon's picture

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

knukles's picture

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

JenkinsLane's picture

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

101 years and counting's picture

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

JenkinsLane's picture

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

Gringo Viejo's picture


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.

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

PlusTic's picture

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

hegemony's picture

And the beat goes on :(

fonzannoon's picture

silver is a vagina face. $21.18?


NoDebt's picture

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

greatbeard's picture

>> silver

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

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.

Gringo Viejo's picture

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

Latitude25's picture

And soon intervention to correct these normal market reactions

hegemony's picture cynk home page sorry I can't figure out how to link it. Certainly seems like a 3 billion dollar website

MFL8240's picture

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

Danno Anderson's picture

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

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!"

Kaiser Sousa's picture

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

keep stackin' my ninja's.

jon's picture

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

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.