Dollar Dumps, Gold Jumps As Trannies Tumble Most In 6 Months

Tyler Durden's picture


Stocks dumped (EU weakness)-and-pumped today with the majors ending marginally higher (except the Trannies down 7 of last 9 days). The Dow Transports are down over 6% from record highs - the worst slide since Feb 2014. The Russell is down over 7.5% from its peak (and the rest of the majors are playing catch-down from that turning point). The S&P bounced perfectly off its 100-day moving-average. Gold and silver jumped notably higher (gold +1% on the week) after more invasion headlines early on. Oil slipped. Treasury yields mimicked stocks, falling early to 13 month low yields and rising (selling TSYs) after Europe closed to end modestly lower ion yields on the day. The headlines though were focused on the plunge in the US Dollar (driven by a surge of JPY buying around lunchtime). Credit markets tracked stocks moestly but we note one pulled high-yield deal today (unusual). When AUDJPY quit on stocks, VIX took over, rammed back under 15.8 to ignite stocks but pushed higher after Europe closed.


The S&P bounced perfectly off its 100-day moving-average...


VIX was the ignition method...


As AUDJPY gave up...but stock fun-durr-mentally recoupled by the end...


It seems the Sikorksi "Invasion" levels were where stops were - so stocks were auctioned up to run them and ran out of buyers...


But the S&P closes unch, Russell positive and Trannies down on the day...


Story of the day was when $3-5 billion notional flushed through JPY futures (and cash FX volumes lit up)...


Which dragged the US Dollar lower on the day...


From Russell 2000's peak, it's down around 8% and while the rest of the majors ignored the drop to start with, they are catching down now...


Treasuries - like stocks - roundtripped on the day... after touching 13-month low yields in 10Y...



Gold and silver jumped but oil and copper slipped on the day...



Charts: Bloomberg

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Wed, 08/06/2014 - 16:05 | 5055616 HedgeAccordingly
HedgeAccordingly's picture

the wake* created by the dollar is strong..

Wed, 08/06/2014 - 17:02 | 5055890 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

The dollars flash crash is serious as hell.


This isn't some useless trinket like gold we are talking about here this is a collapse in the price of *real money*.  The dollar wouldnt go down like that without some seller who didn't care about his losses, probably naked shorting dollars he has no idea how to obtain.  Our capable regulators will undoubtely get to the bottom this crime post haste.


Wed, 08/06/2014 - 16:05 | 5055618 NOTaREALmerican
NOTaREALmerican's picture
Dollar Dumps, Gold Jumps As Trannies Tumble Most In 6 Months

Almost,  almost,...  poetic.  

Wed, 08/06/2014 - 16:05 | 5055619 HedgeAccordingly
HedgeAccordingly's picture

thot the same

Wed, 08/06/2014 - 16:16 | 5055677 ebworthen
ebworthen's picture

Dollar dumps, gold jumps,

As trannies tumble most in 6 months.

Sector rotation and shadow inflation,

Churning the savings of chumps.

Wed, 08/06/2014 - 16:26 | 5055707 Right-on Left-off
Right-on Left-off's picture

... oh yeah and somebody tripped on duh Dollahs ramping power cord.

of course y'all know that any talk about war or actually doing something physical with Russia is going to boost gold ... and we can't have that cause that will doom the west and it's fiat.

Could a rising price of gold be keeping us out of war with Russia ??????

Wed, 08/06/2014 - 16:06 | 5055621 Charles The Ham...
Charles The Hammer Martel's picture

Tumbling Trannies

Wed, 08/06/2014 - 16:07 | 5055627 HedgeAccordingly
HedgeAccordingly's picture

lots of tranny talk today.. even rush limbaugh talking tanny's

Wed, 08/06/2014 - 16:08 | 5055635 wallstreetapost...
wallstreetaposteriori's picture

Tranny's consumer as much as 2 people....LOL

Wed, 08/06/2014 - 16:12 | 5055652 The worst trader
The worst trader's picture

Oil going to $130 soon me thinks.......................... glad i bought one of those electric thingy's

Wed, 08/06/2014 - 16:49 | 5055823 MalteseFalcon
MalteseFalcon's picture

If the committee that sets the price of oil wants it @130, then 130 it is.  Otherwise it will be at some other level that they choose.

Wed, 08/06/2014 - 16:15 | 5055662 Dr. Engali
Dr. Engali's picture

The tumbling trannies had the sec touching their tallywhackers.

Wed, 08/06/2014 - 16:14 | 5055663 ebworthen
ebworthen's picture

Sector rotation and churning, SSDD.

"Markets!?  We don't need no stinkin' markets!"

Wed, 08/06/2014 - 16:14 | 5055664 DankVader
DankVader's picture

WTF is a TRANNIE? Speaka de English pls.


Wed, 08/06/2014 - 16:18 | 5055688's picture


Wed, 08/06/2014 - 16:27 | 5055725 DollarMenu
DollarMenu's picture

Tn the financial context, DJTA = The Dow Jones Transportation Averages



Wed, 08/06/2014 - 16:28 | 5055728 disabledvet
disabledvet's picture

Transportation index. "Sign of a slowdown"...perhaps well underway. Interestingly unemployment has come down a long way however (unlike in Europe where you have a true catastrophe.)

I really don't see inflation as a problem here for a LONG time to come.

Indeed...there seem to be hints at outright DEFLATION here...but we'll see. Tesla had a huge move higher did solar city. Oil has gotten annihilated all week and natural gas has totally rolled over YTD.

Something big is going to default me thinks...and I ain't talking a bank in Portugal. The euro has been getting annihilated too.

Wed, 08/06/2014 - 16:19 | 5055696 alexcojones
alexcojones's picture

Trannie? Transgender. Shemale .TGirl.

Just Google Brazilian Shemale - or Don't.

Be Advised; Hormonal Confused Beauties

Wed, 08/06/2014 - 16:32 | 5055740 Callz d Ballz
Callz d Ballz's picture

Yellen doesn't look Brazilian to me.

Wed, 08/06/2014 - 16:28 | 5055729 Spungo
Spungo's picture

What a weird day. It almost looks like someone handling billions of dollars just realized the market is unstable and decided to get out as fast as possible. 

Wed, 08/06/2014 - 16:29 | 5055732 SheepDog-One
SheepDog-One's picture


Wed, 08/06/2014 - 16:43 | 5055808 gcjohns1971
gcjohns1971's picture

That sucks.

I was looking for a 'Gold Slam' so that I could buy more.

Wed, 08/06/2014 - 16:45 | 5055812 1stepcloser
1stepcloser's picture

its black Jesus's turn to throw out the money changers

Wed, 08/06/2014 - 16:52 | 5055840 MalteseFalcon
MalteseFalcon's picture

Gold is still solidly in the trading range it has been in for months.  When the new committee for setting the price of gold wants to change the range, it changes.  Nothing else matters.

Wed, 08/06/2014 - 17:30 | 5056019 Lea
Lea's picture

I must say the 'Tumbling Trannies' was a hilarious image if, like me, you thought it only meant 'transvestites'.

Wed, 08/06/2014 - 18:54 | 5056421 BringOnTheAsteroid
BringOnTheAsteroid's picture

Nice headline, everything is rhyming.
The only thing we need more of now, though

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