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Third Hindenburg Spotted In Best Week For Silver Since June, Crude Crucified
High-yield credit markets saw spreads widen 12bps on the week and high-yield bond prices fell notably as energy stocks faded after Monday's exuberant dead-cat-bounce. Trannies tumbled today off early exuberance gains, ending the week the biggest loser despite lower oil prices. Today's jobs data sparked initial "good news is bad news" weakness, was ramped to Europe's close then faded with Nasdaq and S&P red post-Payrolls. Treasury yields rose on the day (and week) with dramatic flattening as 2Y-7Y maturities up 17-20bps on the week and 30Y only 7bps higher. 2Y yields exploded 17bps for the worst week since Feb 2011 to Apr 2011 highs. The USDollar closed higher today (up 1.25% on the week) led by dramatic JPY weakness (and EUR fading). Despite USD strength, gold gained 2% on the week and silver +5.4% (best week in 6mo) even as oil lost 0.75% for its lowest close since July 2009. VIX tested down to an 11 handle but closed peeking back into a 12 handle, lower on the week. For the 3rd day of the last 4, internals created a Hindenburg Omen cluster.
Hindenburg Omen cluster is building... 3rd in 4 days
US equity markets (futures) post-payrolls...
The Dow tried to get to 18,000 to prove jobs data was awesome-tastic... but could only manage 17,991.19... as we closed there was the ubiquitous 'fat finger' to try and slam the close
On the day session, early gains faded quick after Europe closed... but as soon as the S&P crossed red the ramp efforts began with VIX
Leaving Trannies and Nasdaq down on the week...
HY credit notably underperformed...
On the week, Treasury yields are notably higher with signficant flattening...
5Y yield rose most in 9 months today and had their biggest week since Aug 2013
And 2Y Yields exploded on the week...
The USDollar gained 1.25% on the week, led by JPY weakness and EUR fading...
And Despite the USD strength gold and silver surged and oil faded... (gold's best week in 2 months, silver's best in 6 months, oil down 9 of last 10 weeks)
WTI's week was all about the bounce and fade...
Charts: Bloomberg
Bonus Chart: Energy Sector High Yield Bond risk exploded...
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One of these days that big bag of gas is gonna drop like a rock........
I have been waiting so long. I actually think that maybe now its never gonna drop. So sick of this bullshit. Somethings gotta break...
Obama says "if you like your false reality, you can keep your false reality". These motherfuckers are living in a dream, which happens to be a nightmare to those few of us who see this bullshit for what it is.
I'm beginning to feel that way too. I never thought the manipulation could last this long....
Eyeroller,,,
DITTO!!!!!!!!!!!!!
Those who are bidding up this "market" understand well enough that it is essential to keep people believing this so there will buy ample buyers available when they themselves decide to unload. The only feeling I can imagine that would be worse than watching this charade play out from the sidelines would be to become a bagholder for the insiders when they do decide to unload. No way this ends well. Even permabulls know it, and they will need greater fools to be their bagholders.
"markets can remains irrational longer than you can stay solvent."
live your life, enjoy the fact that you can perceive who is delusional among your peers, and don't make bets you can't cover. when reality returns, and it always does, you will be the least stressed person in your social circle. you knew what was coming, you knew how to defend against it, and life will continue to be good.
it's not even that hard once you are willing to admit that your knowledge and skill set are incomparable.
Ben Bernanke knows what he's getting all his buddies this Channukah...
"Somethings gotta break..."
Yes, first we break you, then your will to live.
Long live mother Russia!
Hindenburg smindenburg....i'm starting to feel sites like ZH are here for us retards to keep shorting thinking we can actually make money on the big bubble. Ignorance was bliss.
One extreme is the propaganda of the MSM such as CNBC. The other exteme are pundits such as Peter Schiff and Marc Faber and the alt media like ZH. The truth is somewhere in between.
if zh has turned to shit, we be flies...
David Copperfield could not have pulled off a bigger illusion of our financial system if he tried to...
Maybe Houdini... but certainly not Copperfield.
It is not going to drop is going to keep on rising and rising and rising but it will slower than the currency goes to ape shit.
Everything else being equal price is actually a ratio that is you can measure the DOW in USD or in Gold.
If the interest rates stay contained while over the last 20 yeras the USD is weaker and weaker, the denominator (USD) of the ratio which is S&P/USD goes lower, making the ratio bigger. If you measure the S&P in Bolivar from Venezuela the 'performance' is ever 'better'. Now problems occur when the nominal interst rates rise (even if the are being inflation).
One of these days a real rain will come make no doubt about it.
http://youtube.com/watch?v=2IAJFCxAP_Y
Hillary?
Unfortunately, given the laws of physics (and the unbearable lightness of hydrogen), if it does drop it's probably a trick, perhaps a “Trojan-burg Omen" using an ancient Greek ruse, where tiny algos hidden in the balloon emerge just as indices touch their 20 DMAs and rocket Santa’s ass to new highs, with stock charts exploding, resembling a freshly sprayed can of Silly String.
Hindenburg, shit burg, don't mean a flying fuck.
Someone does have a hard on about oil. The bears have a big ass hammer when they use it. Any bull oil trader is very sheepish by now.
Exactly. When was the last time one of these "Omens" actually led to a drop in the markets?
my classmate's step-sister makes $61 /hour on the laptop . She has been out of work for 5 months but last month her pay check was $12417 just working on the laptop for a few hours. browse around this web-site... www.yelptrade.com
Hold on meow. Another omen. K.
http://hedgeaccordingly.com/2014/12/cboe-futures-exchange-reports-novemb...
Oh the humanity!
Santa don't ride no blimp...
Now I have a machine gun... "HO-HO-HO"
If we've learned anything when it comes to this shit,....its we've learned nothing!
"WE" is collectivist nonesense. Are you a "WE"? Am I a "WE"? Name one individual who consideres himself a "WE"?
Well if everyone is the same person living different lives.
Then we are all a we.
or rather you are me.
Which means im talking to myself.
Can I sell WE some SPY shares to make US richer?
Probably, tomorrow there could be an app for that.
We are we's weather we's knows it or not. Anyone working for the military past present or future, is a we.
Name one individual who consideres himself a "WE"?
We Willy Winky?
$762,625,000,000 in TOMO this week at the new rate of .1 up from .03 on 11/17.
So does that mean the EBT swiper is gonna reject my purchase of FUNYONS?
Nope, but the national guard won't be taking calls by then either so it's no big deal.
SWEET!
life is a bag of funyuns, chump on, ha...
This has really become a painful wait. At some point it's going to break apart but does anyone really think it will be before Christmas? Yeah right...
I feel like a Cubs fan now with this crap... "Maybe next year... maybe next year..."
FED will buy fracking bonds, debt AND stocks. Because employment.
Nice bonus chart.
There is no point playing the long paper silver/gold markets.
You know at this point they will force it down, so why play?
From when the Federal Reserve was put in place, gold went from 30$ to 300$+ (early 2000's) before we started living in a crisis world with bailouts and fraud out in the open.
So its safe to say, even if nothing changes.... if you are 20~30 years old right now and you have an ounce of gold, it will be worth more when you are 40~50 than it is worth today.
Just buy bricks of silver/gold and store it in a safe place, and when you have grand-kids give it to them to buy a house/piece of land with.... and they will thank you for buying them their freedom from slavery 30 years before they were born.
The odds of you enjoying the fruits of your investment is slim to none, but the next in line from your gene pool . . . may thank you. . .
Even if nothing changes, and we just continue on this path for 30 more years... if you are 30 years old now, by the time you are 60 years old, Gold will be atleast 15,000$ an oz at an absolute minimum, the only question is, what will 15,000$ buy you?
I value gold at 2% more YOY for as long as we have a FIAT system.
Beats the bank in the long run just don't sell on the paper dips, because you can't get physical gold back for even a 30% premium of what you sold for, the markets are disconnected... you have multiple markets claiming to be trading the same thing, but only one is real.
I agree, also have your lawyer give your kids a treasure map instead of a will and tell them to shut up about it. My goal is to die pennyless.
Downvote dw. What if my great granddaughter has a dwarf syndrom and becomes head of the FED and creams himself at every vix slam?
Retreat to 'generational wealth'? This shitshow will burn long before that stacker.
Wow. That final 12 minutes of action is breathtaking to see on a chart. Nearly 12 S&P points straight up.
Free. Efficient. Markets?
Silver is the most undervalued investment in the world and has been for 34 years. I can't even imagine the energy the PTB must expend in suppresing its price discovery. As for me, I've bought silver at $5 an ounce, I've bought silver at $35 an ounce and I sleep just fine. If Russia and China do succeed in dethroning the dollar as world reserve currency, you won't believe what happens to silver's price, even while it's happening.
If this takes place, you will believe what happens to your gold and silver, because they will be confiscated by TPTB.
Still looking for a hedging solution against that. Any idea ?
Gold, silver and lead.
Would appear as demand for energy soars prices collapse.
Go figure.
It's about Russia. Keep oil prices low to destroy Putin's economy. He was a bad boy because he wouldn't play the bankster game.
Because you cant drone bomb or put boots on the ground with a country with nukes
starting to think putin is a black swan...
There is no volatility! Everything is under control!
"All is well! All is well!"
If you have picked up on the Hindenburg Omen then so have the central banks and they are about to take action. So nothing much will happen. The real crash will happen out of nowhere when no one is looking. If there are omens then count on the central banks to intervene long before you know it.
The weekly charts of SPY and QQQ are extended, both need to rest/ pullback for a couple of weeks to trap enough shorts for one last push higher to end the year on a strong note.
IWM Or small caps looks rested on same time frame and could provide the bulls ammunition next two weeks to remain in the markets while the other 2 ETfs rest.
Pure seasonality.
Trade your plan.
And an analyst on the business talk radio just commented the economy is hitting on all cylinders.
Thank God for unrigged markets... http://pebblewriter.com/our-unrigged-markets/.
re Hindenburg Spotted...
Nope - just a head-on of Hillary's ass on one of her low-altitude broomstick fly-bys.
Easy enuf mistake to make, I guess.
"Stocks trading near all time high, Silver down over 20% since june."
That's a more realistic title.
at this point, i think Hindie has proven a poor indicator.
Purely for academics of course, I would like to see a chart of the s&p 500 since Zero last red alarmed us all with a trio of Hindenbergs. I'm sure it will pan out as the soothsayer of doom it's advertised as...
From listening to NPR anything that sounds like it came from Germany can't be good.
That darn Hindenburg keeps catching on fire, but stays in the air and keeps rising!
One Hindenburg, Two Hindenburgs, Three Hindenburgs, Many Hindenburgs.
wake me up when it gets to the 13th, or when someone actually starts jumping
Wake me up when you start spotting Hitlers...his mustache scares me...Hindenberg's handle bar whiskers not so much
The markets will not drop, they will SOAR instead in the next few months.
Technical signals are totally meaningless.