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GDP Sparks Gold Dump, Stock Pump
Bond yields jumped over 4bps on the better than expected GDP print. Stocks popped along with the USD index. Gold was flip-flopped all over the place - an initial dump was followed by a rip back over $1300 only to be sold back down to $1295 now... Equity exuberance is fading back a little now as machines 'read' the anti-goldilocks ADP print and inventory-stuffed Fed-hawk-supporting GDP print as indicative of a punch bowl that just got dragged away a little more...
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Algos and idiots .... what would we do without them?
We'd have to find another source of porn?
ZeroHamster dot com?
It's all the sanctions reduce trade equals increased GDP Ummm
I knew to wait for the fake GDP numbers. Metals are on sale. Thanks!
We might have real buyers and sellers and real growth? Just a thought...
One article still up top says " Russia buys 18.6 tonnes of gold"
OH okay lets see if we can get gold all the way to $800 an ounce! That will really show that ole mean Putin whos boss, shit he'll certainy start selling gold then.
Right?
Well if the economy is really doing so well, then the American government should have no problem paying higher interest rates.
tick tock motherfuckers...
We now have extreme volatility in GDP...
In GDP. Let that sink in a minute.
In chaos there is always opportunity.
I forget who said that. Whether it was Lloyd Blankfen or Jamie Dimon.
Interchange GDP with Inflation, and it will make much moar sense.
Don't forget Rahm Emanuel(though we'd like to)
Mush, Algos, Mush!!!!
watch the USD folks - up above key 81.50 resistance
http://bullandbearmash.com/chart/dollar-daily-stalls-euro-upside-usd-dow...
euro is well below 1.34 and falling
a stronger USD puts downward pressure on US indexes and commodities
A stronger euro sure as hell did not put downward pressure on European indexes.
Yea, what fun-derp-mentals?
No, it doesn't. Commodities don't move in any correlation to the dollar index which is pegged to a weighted (non-changing) sum of other currencies inverse to the dollar.
Which is useless.
Yellen will end qe immediately and no justification remaining for low rates. Nasties about to happen.
As strong as the dollar has been I am amazed that, so far, gold, silver and miners are holding up so well.
i guess all the manipulations so far have shaken out all the loose holders.
strong dollar, by what measure? You know DXY measures only a fixed weighted average against other fiat, not against gold, silver, energy or essential goods, right?
What kind of measure is that? Nonsense is what it is.
Fed x delivered dollar cost averaged order yesterday...
waited patiently for today to arrive knowing that this week would be filled with MoneyChanger bullshit antics and multiple raids on the phony paper prices of Gold and Silver aka-THE ONLY 2 FORMS OF REAL MONEY...
finger on the "confirm purchase" button...
DEATH TO THE MONEYCHANGERS.
Why do you keep saying "print"? Are really that old that you still use a ticker tape machine, or are you just trying to sound all smarty-pants?
Hi, my name is Chad and I've been left hanging.
The Chinese and Russians only want to pay 1300 dollars per ounce for their gold, so the FED and the government have to make sure no speculators drive that price up.
I'm going to need a drink at lunch today.
Started drinking already...
4% is a complete joke.
Well tonight YELP will surprise and then all is ok. A 5bn review website. Worth every penny.
By that time i'll be properly drunk.
Remember way back when markets wouldn't respond to a GDP print because it was old news?......... Yeah me neither.
OK so now rates rise? Yea sure.
.
I'm fine with being on the wrong side of DC because the thrill of exchanging pieces of paper for gold never diminishes.
It's almost as if you're getting something for nothing...
1,000% swings Q over Q....in fucking GEE DEE PEE??
WTF??
No no! There are no swings. It is all perfectly clear:
In Q1 it was the WEATHER!!! Without the cold WEATHER Q1 would have been +4% as well!
So all is stable!
exactly
wow all three months news has been bad bad bad and a 4 percent GDP only 1word comes to mind BULLSHIT well really two words but if they can write what they want so can I. I guess next is the black swanning false flag that Putin took a crap and effected our rosy recovery and we will have to spend trillions to wipe his ass so much for the recovery! then they will revise the GDP that it was really -5.3 GDP so we needed to spend it anyway. Unbelievable
What's zerohamster password? Thx
It's a rollercoaster!!
Gold slammed DOWN dozens of yen, soaring up HUNDREDS of pennies!
Will the excitement ever end?