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Commodities Are Crashing Amid Stock-Bond Disconnect Deja Vu
UPDATE: S&P and 30Y have recoupled post EU close...
Well it wouldn't be the US trading session if bonds and stocks didn't decouple from one another's reality...
But what happens when Europe closes?
But Russell is still red...
Silver and Crude getting flushed into EU Close...
Silver just broke below $17...
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Let us speak again when there is real market pricing for bonds.
How about let us speak again when there is real market pricing in all asset classes....
Bye -bye shale oil industry. BK's forthcoming.
Bail the shale companies!!
Charlie don't surf (vol).
When thousands of pages of tax breaks and benefits just don't get it done anymore..........
The Shale industry is filled with vein people.
And their profits are well kept secrets
TITF - Too Important to Fail
Same thing every freaking day.
Elsewhere:
Alan Colmes turns tables on Al Franken: why are you now running as a warhawk? http://tinyurl.com/llcnafk
Al Franken has come a long way from being a mediocre comedian and a B actor...
In the immortal words of Jeff Ross's father... Son,... there are many things in life that are not funny, and one of those things is Al Franken...
"I'm good enough, I'm smart enough and gosh darn it, people like me."
Positive affirmations must be a suitable substitute for him to replace his lack of character and moral center.
Hes a common opportunist type jew.. character and moral center don't apply...
For these types, "I am a whore" is the mantra..
That cocksucker zionist would look great at the wrong end of a rope.
hey, we can dream, can't we?
These are big markets. You can't expect us to manipulate BOTH higher.
man what a great country we live in...
the more mother fuckers on foodstamps and living underneath freeways the HIGHER sock markets go...
it cost 2 cents to make a penny...
and Silver which has been money since dirt was discovered is almost $16 dollars an oz...
and we live in a police state...
and we at war all over the globe...
USA!!!!USA!!!!USA!!!!
hello Apmex.
Just think how well the nation woudl be doing today if we had started Jonhson's war on poverty in the 1920's....
Nothing wrong with living under the freeways-if you are in Miami, California, or Hawaii. Have you seen what they want to rent an apartment in those places?
Europe going nuts on a pre Draghi rampfest...as Gold and Silver get re smashed
europe to print and gold is down, makes sense.... really it does... in some alternate universe there is a plausible explanation
I'll keep saying it - if you short the idiot miners and use the profits to buy their product at below their cost you'll feel better, and be doing the world a service by helping to force a massive amount of bumbling business incompetence into bankruptcy and removing the miners from the business landscape.
al i know...
its just funny in a not so funny way...
i told the old lady i'd by her a rock for her finger when the phony paper price of Silver got back to $30...
she's one angry brawd these days...
Maybe get the band now, and fill in the rock later...
QE (and its variations) are disinflationary
deflationary when asset bubbles burst
Bonds sell off tomorrow til NFP.
That's GROSS
is there any scenario that Gold will actually go up one day before end of 2014 ???......(other than the Earth exploding into pieces)
I remember something about doing dental exams on John Kerry.
It will come to me.
Dental? Did you mean rectal exams?
If you want to look at a gift horses mouth that way,who am I to stop you.
How long have you been a veternarian, and has horse dentistry always been your specialty?
I've filed down more horses teeth than I care to remember, and I can talk
vetinary with the best of them.Rein, and hoof rot was the topic this weekend.
Yes there is: Many of those dec silver longs will ask for delivery. SGE is down to 81 MT.
Industrial demand alone will take care of that. COMEX default will reset the prices and that moment is getting closer. Patience my friend, patience.
Same shit, different continent. Draghi is going to print, so gold and silver must be smashed. Thats OK. I´ll take silver for €15,85 Alex.
PS: As of 18:50 CET, my PM dealer just ran out of Maples. Philharmonics are also going fast.
Feds should print a list of which equities and commodities they want us to trade. Also have a never trade list.
Somehow I trade stocks then the Fed decides to kill gold or oil.
Or just give EBT cards to traders and stay out of the game.
Buy gold with your EBT!
Absolutely fucking ridiculous...
DavidC
Meh. Bring on the dancing girls!
$300B in Reverse Repo today?? I don't even know how I'm getting screwed by this, but I'm sure I am.
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
Must be near the end of the month again.
Fiction
Nice letterhead though
if it weren't for treasury futures, yields would already be on par with europe's.
our turn will come
carry trade with bullseye on US "high" interest rates ... with appreciating currency to boot
problem for the NY FED is one or more of the TBTF who may be on the wrong side of that freight train in derivatives.
i may be crazy ... but think Obama beginning to worry about legacy ... and with recent goldman tapes out? ... might be in mood to take 1 or 2 down if SHTF before january 2017 (safe bet) ... of course, not before the chosen decide on who gets what from caracass(es).
BoA based out of charlotte ... not a member of the club, just sayin' ...
They crush silver because they can.
Reminds me of 2008, when silver was crushed and the premiums went up at the LCS.
Besides my truck doesn't have a reverse gear and my boat sunk. Overloaded.
Overloaded? Early is the same as wrong. You didn't make any margin buys? #lackofcommitment.
Given there's less silver above ground than gold, it stands to reason the PPT via the bullion banks would crush it with paper to try and force John Q to puke up the real deal.
They crush silver, therefore I buy silver.
Methinks they can do better than $3 over spot for generic rounds.
Still think I'm being cornholed.
they crush Silver cause they HAVE TO...
its within the reach of the YOU'S and ME"S - aka the common man...the crime of 1873 must be reinforced in order to absolutely discourage men from abandoning their worthless green pieces of shit...
dont give in.
Watching the PM paper slaughter on a nice graph is cool:
http://www.stevequayle.com/
Silver has more industrial apps than gold. But then all PMs have cool industrial apps.
Hedge accordingly.
When I bail out of my bank here shortly, all PM's will be on my buy list. Palladium, Platinum, Silver, Gold, Rhodium and some Pewtonium 235
MARGIN CALL
3 ways to call margin on world financial system:
-raise rates
-dump commodities
-drain dollars
All 3 lead to panic selling
Commodity dumping is a margin call on derivatives.
You can have a collateral call actually.
They're Jews so they've backed the whole thing with "New York City."
That would be the whole City. "Anything to get back into the Nexus."
"Soon found out had a heart of glass" should have stayed "soon found out...was a pain in the ass."
Where is this panic selling you speak of?
Panic selling of paper gold contracts. As long as these clowns are permitted ~ by government! ~ to sell unbacked paper futures contracts and retain their price-setting ability, this fractional reserve gold manipulation will go on.
It's not panic selling of long positions, it manic extension of short positions. Watch the trend in the commercial positions over time - they're not reducing their short position so much as extending their long. That said - all the better, sell the miners, buy the physical.
Hey Fortuna, First Majestic, Hecla, etc... how's $16 for your long term survival? Oh, that's ok, I see your answer in your news releases, desperately promoting how much MORE you're giving away at bargain basement prices. I see you are literally living out Carlin's old joke about selling at a loss - looks like you plan to make it up on VOLUME. LOL, see you at zero you stupid motherfucking shortbus riding pinheads.
I don't SELL things that are low...only things that are rising. Miners are a bargain now. They will soon have to give up marketing their product through Comex or LBMA altogether and they will PAY thru the nose for re-hedging future production is my prediction.
State of Colorado on line one Mr President!
Mining is a cashflow business. The trick is to have the cashflow to last out the storm. Commodities are being dumped as everyone smells blood in the water and wants to find dry ground before they jump back in.
Russia is a commodity business that is losing liquidity as capital leaves their market. China is going to start printing, but not yet. The US is about to raise rates.
After a few days of this, a little analysis should point the way to bargains. If mining equities are in strong hands the whipsaw action should point the way.
The miners have the option, same as everybody else, to borrow cheap to ride out the storm and stockpile or shut-in production until normalcy returns to the market. The fact that they choose not to (because our business is mining, not financial speculation) proves that they're content to be the whipping boys of their banker masters, and as such only merit short-side speculation. If they ever show a willingness to quick sucking banker cock and start operating in the interests of their shareholders, maybe the situation will be different.
beautifully put Al...
simply beautiful....
We have to remember always that these guys are LEVERAGED up to the eyebrows...otherwise they'd be more logically selling the derivatives and buying commodities...
The motherfuckers are depreciating the assets in the physical world in order to drive us all into poverty. You can't control and enslave a population that's financially independent.
Market traders are running right into their arms with every transaction and taking us all with them.
Same as it's ever been. They're winding up a generations-long game:
http://unicornpoo.wordpress.com/2011/10/27/very-pleased-we-have-entered-...
I'm buying rubles - and so should you.
http://www.bloomberg.com/quote/RUBUSD:CUR
Well. Something is probably happening we have not heard about yet. It is ugly out there.
Silver still getting hammered. Now under $17. $15 is calling.
just pulled the trigger on some old school Libertads...
man, the MoneyChangers really got me shook....
not.
thanks u fucking assholes for the bargain.
The best I ever had!
Seriously...no one wants to see a price collapse dude. STOP BUYING PERIOD.
I hear from a distance $10 silver calling. It may be an echo left over from a few years ago, but I hear it still. It grows louder!
I'll buy silver for $15 Alex.
Wealth insurance is on sale again... everything must be fixed
With such an able man at the helm, why not?
http://media.washtimes.com/media/image/2014/09/23/coffee_c0-164-810-636_...
Such respect, such decorum.
Barry was just keeping it real...its hard for him to switch coffee hands, salute and walk down steps at the same time... Plus the teleprompter didn't instruct him to do so...
Gold is *not* a "commodity"...
Nothing adds up anymore.
Detroit's poverty rate is said to be 38 percent.
Detroit, MI Unemployment Rate is only 17.70% for Jul 2014.
“Poverty” for one person is an annual salary of $11,670 or less.
Michigan’s minimum wage is $8.15 an hour.
Not sure how poverty can be at 38 percent when a part-time (70% of full-time) minimum wage job exceeds the poverty guideline.
Even the State and federal welfare benefits pay $28,872 (single mother with two children) per year in Michigan, according to a new study. This puts Michigan in about the middle of the pack nationwide.
There you go with numbers and things again. Do you, per chance, own a nailgun?
Im holding my balls and trying to work out how relelvent US dollar transactions are in my immediate sphere of influence. The gold I want to buy tommorow will be exactly the same price as it was today. Comex price is a phantom and a whore. No real touchy no feely. Only thing you can do with a comex contract is sop up the left over jizz and flush it down the toilet.
PIES Eat em.
What is the double post crap
Another 350 Million ounces dumped on the market, on no news.
paper ounces
Watching and waiting on the silver (drool ...), seems to be a historic disconnect. Gold decline is dollar strength but this is gold/silver ratio decline as well. Kewl. Maybe we can mint real $20 silver coins again soon, LOL.
That would add liquidity instead of debt....
Most reasonable people expected PMs to go down before going p gain. And PMs may never take off. Depends on how things play out. Hold a reasonable (10-20%) amount of PMs (mainly gold) relative to your other assets, AS INSURANCE. Don't bet the ranch.
The U.S. has to fund 8 Trillion in debt every year. How is that sustainable?
Oh it's buying time again for silver darling,
Can you see that far away look in my eyes,
I can tell by the way the price is going,
That it won't be long before it's buying time.
I believe we are heading into a week long Chinese holiday (Golden Week). Could mean no one is there to pick up the physical. I love how TPTB try to convince the world silver has very little value.
For those waiting for $30 silver it appears that the wait just got longer. We're in the 16's and going down! I love it. Mostly because I've spent a lot of disposable income on guns and ammo lately, instead of on precious metals. So my guess is, guns and ammo will become more valuable soon - and gold and silver not so much.
Oh and real estate? Ha! Lots of luck with that one. The only good deals on real estate are way down south... in Belize.
Tryout one of those guns on yourself to see if they function and spare us your "insight". People will hold metals for decades not days like traders. Guns will be confiscated earlier than metals. Dedollarization will make your fiat wonderful for wiping your ass.
Wake me up went Gartman gets Bearish of Silver, can't be far off.
Deflationary depression is coming.
ECB has been warning and concerned for months now. The BOJ and FED will have to come out of hiding unless they approve of this collapse.
Paper will get vaporized either way. There just is no safe path or middle ground anymore.
Say, UST how about 20 cents on the Dollar for your shitty paper? Bond king is liquidating. I have choices, you know.
No no, hyperinflation first, then deflationary great depression, and then WWIII. Interesting times.
I expect events will seem like a tsunami. First, the floor will drop out of the market as liquidity disappears and the tide goes out. Then the pumping begins and liquidity pours in to raise all boats.
We've seen this before.
Sharp Deflation followed by inflation. There will be hyperinflation in certain currencies as those economies blow up. In the end, a global currency will be left standing. I expect it will be the USD.
On a good note, retail gas futures are down 4%. Smile on that bitches.
1965 noteworthy key level. defended for three consecutive trading sessions by Da Henrys below it and 1910 very likely quickly unless Gartman announces he's short and then the charts have to reset after the 75 point burst.
Sorry fellas Silver heading below 15.