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The Market Reacts To "Great" Unemployment Data
Good news... the unemployment rate is the lowest since mid 2008... but it seems the "good" news has now been understood as 'meh' news since it does nothing to stall the tightening path the Fed is on. Equity markets initial kneejerk higher has been roundtripped... Treasury yields blew 4-5bps higher but have now roundtripped... The USDollar remains bid but is also rolling over and the initial drops in gold and silver are reversing higher.
Good news is 'meh' news... for stocks...
Treasury yields have roundtripped...
USD remains higher and gold lower...
Charts: Bloomberg
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BTFD....... The future has never looked better.
Or brighter. Long Sunglass Hut.
And Chess King. And J. Riggins.
Just to reiterate from earlier...
off topic, but I don't care...
look at the massive volume that just tanked the paper silver just now and it's under 17/oz once again!
Massive spike in volume over 300,000. Love it. Stack up that phyzz, bitchez!
and FYI, supplies in huge shortage right now and there has been record setting sales of silver Eagles again in the last few days. Premiums have spiked up as well and there are now delivery delays of up to 2 or more weeks.
Get your orders placed now for phyzz. You can wait to see if it drops to 16 or 15 or 10, but at the same time there won't be any supply and premiums might spike to 25% or higher just to off-set the downward paper price manipulation, so don't fucking wait to add to your stacks.
I would not buy this market right now even with Warren Buffet's money. And if interest rates do go up you can surely expect an attempt to smash gold/silver prices along with it. If you hold PMs you have to have the conviction to wait until the dollar (by which I mean FRN) ends up being valued closer to where is should be (by which I mean much much lower in value). There is no telling when this will happen, but most likely it will be when a point is reached wherein the FedGov either has no physical metal left to transfer to the East or it decides to keep what little it has left. The Easts' best interest is to keep us selling them our precious metals cheaply for as long as possible. I will be holding through these events, and beyond.
Premiums here in Canada are 15% - 40% depending on the product being purchased. Cheapest silver rounds I can find are $20.94 CAD/oz. plus shipping. Silver spot price is $19.11 CAD.
I refuse to pay that kind of premium in a falling market
Covered at 1948 S&P500, ES; basis Dec.'14 early this morning. So only a 20pt. nibble this time. Surprised by the Metals prices, obviously I was wrong about my higher prices this week prediction. That's the trouble with opinions, they resemble "reall good guesses" in performance. Apparently, owning Silver causes Cancer; news at 6.
let the algos fear not, yellen is moving to nurpcon5
Go get that new credit card, go buy that new car...go buy that haz mat suit..
My sister looks cute in her braces and hazmat suit...
Pass me some more of the "Buy More Stawks" Kool-Aid Doc ...
Old Yeller tightening? Maybe she has a pair and it lasts a while. You would think someone at the fed would realise debasing the currency isn't the way to national prosperity, unless they have other goals.
debasing the currency?????
Printing like fools.
different type of printing. Not the kind everyone on here were looking for.
Well, "not literally".
Such bullshit.
Way way too soon to call this.
ZH provides the cue to screw the zh faithful again, before they'd even thought about getting off the mat.
It's just reality...time to pay the piper with very real and very valuable dollars.
Dollars that don't exist as they they've all been spent.
MONSTER RAMP FFS
1965-67 is reached and then a retreat for now - shocking. 1972-78 also possible and they like to fuck with you but very legitimate chance that was the pop (yesterday and this morning).
ole USD been a real freakin' sizzlah something is up and not just normal bullshit.
King dollar just kicked my CDN dollar to the curb.
Pt is on sale (-45 USD) too.
You look like a shmuck
The Fed has access to ~all~ the data presented here, and more. And they even have access to the data presented here - imagine that...!!! But, but, but... They need 'cover'...
So, you wait a little while for all the nonsense to settle in and settle down into the continuous decline, and then at the appropriate time (January 2015 perhaps?), before a real 'cascade' gets underway, you announce the next bond-buying program. Is that not a rough approximation of what has taken place since 2008 - albeit, stretched out a bit longer this year...?