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Gold & Bond Yields Slide As Stocks Continue Hawkish Surge
The Fed minutes were hawkish - even Goldman Sachs and Jon Hilsenrath admitted it - so the exuberance in stocks (and VIX pressure) must reflect a desparate hope that Janet Yellen will indeed go full dovish tomorrow (or fear the consequences as we noted here). Record highs in stocks, however, are not being followed through by the USD (down today), Treasury yields (long-end down from FOMC minutes), gold (down), or HY credit.
From the minutes...
And HY on the week...
Chart: Bloomberg
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Buy the rumour, sell the news. Simples.
Buy the humor, sell the QQQs.
Very odd while gold is lower, silver continues to rise. I would expect the usually more volatile silver to get squashed. Hmmm...
Feds have really turned up the juice lately.
Killing gold and treasuries.
F**k them I go with the manipulators now.
He he
Its just strange how PMs have not been a part of all the bubbles....Bonds up...stocks up....but PMs in the tank....what is up with that????
PM are a speculation not an investment. Despite all the clamor on this board, stocks in established companies are an investment and are producing record profits.
"PM are a speculation not an investment."
No, PMs are insurance against financial disaster, and the vast majority of PM buyers will tell you that. But, after 4+ years on the Hedge, you already knew that. BTW, it is possible to be a PM buyer and a "market" participant at the same time. But you already knew that too.
No financial disaster (for financials) means net negative for gold. "Silver as confirmation." Political class you would think would have a lot to answer for...that is a trillion dollar deficit after all and it's not like We the People were trading in mortgage backed securities or had access to Credit Default Swaps as "insurance."
Who's running for Mayor of Detroit again?
http://whitehousewhispers.com/five-ways-the-u-s-can-have-an-icelandic-re...
PMs used to be an investment. Now they are considrered speculation from the very evil Gods you worship, read Goldman and Co, and can be manipulated. This is all fine and well, but you know like everyne else here that this game will not be going on much longer. So, you can stack and complain about the absolute fuckery that is so blatant or you can be you where you make money but one day know that the whole house of cards will come down as it has before many times, but this next one will be the mother of all. You're a trader. You look at life by the hour and skim profits. The stackers here are looking 30 years down the road when there is no more dollar.
Not possible to do both?
I do both. Coming on here like Cpt Macho Coke Wall St. Trader to rub salt in the current PM wounds is arrogant.
DId I miss something? Who did that?
>> The stackers here are looking 30 years down the road
The only thing I'll have 30 years down the road is a tombstone. I'm going to have to let you young fellers take over. I've seen enough and it's time for me to stop fighting the fed. I've been stackin' for a long, long time, and, all in all, it's been damned good to me. But it's time for this old fool to start unloading the boat. Sad times but WTF, everything changes except change.
Well, one thing is for sure. You won't take it with you so rather than throw it out in the street might as well enjoy something from them. FYI, your stacking, in perhaps a small part on an individual basis, is fighting the fed.
Didn't the FBI put juggalos on some sort of list a few years ago?
As you read yesterday...we all are on the list.
They'll never find me here in my mom's basement.
Stocks and bonds are merely short term instruments to be traded.
PM's are an investment.
I watched a video that states PM will dump and if thats what they want then that what they will do. The video by Harry Dent and really thought wow you want my PM and i thought nope I keep and if true one day they will rise again I didn't buy for investment I did for safety. I cant figure how we dig our way out of this hole and how the world will let us! I will never understand this new math where today 1 plus 1 equals 10 and to tomorrow it -50 . So let them eat cake and come november we shall see what the deal will be. Believe no changes will take place before elections. Buckle up our PM going down I fear but i will have as much then as I do now. No paper gold or silver for me
>> Believe no changes will take place before elections
And you believe changes will take place after the elections?
Not really but the world will eventually demand change. They can do that for 2.5months
I don't know why people complain about the market; it's so easy to ride the bubbles. Get out now and wait for the next crash, then buy back in. Rinse, repeat.
Because doing this only prolongs the game and guarantees your enslavement. What good is wealth without freedom?
Just wanted to point out a 20 year old, unarmed WHITE man was shot and killed by the Salt Lake City PD yesterday.
Not so much as a peep from the MSM.
And the cop was black.
Zerohedge: Market is irrational. Get out. Stocks will correct to bond yields and precious metals are the best stores of value.
Reality: Markets at all time highs. Stocks make higher highs and higher lows.
Result: People who listen to Zerohedge lose money.
Follow-up: Whine in comment section. Double-down on PM. Pray for a crash.
Keep drinking the koolaid. The market will never correct. I guess you're smarter than Soros.
He's taking on Soros?
On purpose?
Keep stacking. Best time to buy rare items
PMs are down because there's always one industry that's down for no apparent reason. Oil was something like $10 in 1998. It was ridiculous. Anyone who bought oil companies near the bottom made an absolute fortune. Mining as a whole is down right now. Some of the smaller companies are trading at PE ratios below 5, they have no debt, and they have tons of cash on the balance sheet. Guess what I'm heavily investing in right now.
Bitcoin?
Its Bitcoin isn't it!?
Buy the dips if you can.
On a buildup to detonation?
You now have one minute to reach minimum safe distance
How are your barbaric holdings this glorious mourning?
Bitcoin is the true store of wealth.
Bwahahaha.
Got a chip up my ass and one in my left ear.
Getting one in my right ear tomorrow to balance out the sound.
Doin fine. I bought in Dec at $1200
James Dines for President
Was ZH around in 2007? I'd just be curious to look at any content from back then to see the parallels between todays (and most every day recently) insanity and what was happening back then.
Shame. It's hard to find alternative news/viewpoints from from the time of the lead up to the 2008 crash.
The original first post over on blogspot before the move.
http://zerohedge.blogspot.com/2009/01/wall-streets-diarrhea-shifting-to-...
The currency pair USD/JPY pretty much runs the show here these days....as the Fed passed the baton (QE baton) to Japan months ago.
Yen converted to USD then USD used to buy U.S Equities - hence the relationship of "USD up = Stocks up".
Gold now trading nearly 100% coorelation to Yen as these safe havens catch the bid when risk comes off
The best bead on it all from this guy Forex Kong.
http://forexkong.com/2014/08/19/usdjpy-this-market-is-usdjpy/
Bitcoin flying again these last few days. Now $524.
Had a buy set at $420 for last few months and it popped off when it dipped to $390 a coupla days ago.
Gotta love that kinda volatility :)
Where's the Dronestar at these days?
It's a shame it's from 2009. When I found this site, my first thought was to go back to 2008 and see what the articles said. The next thing you can check is 2011. That year had a significant market correction after the money printing stopped.
Stronger dollar, fairly decent GBP exchange rate... just might have to buy this fucking dip you know.
Not sure Platinum isn't the better value buy though.
PM prices are such a farce - criminal enterprize.