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Stocks & Crude Drop, Bonds & Bullion Pop, Gold Tops $1200
The ubiquitous opening ramp into the US equity open has given way rapidly and stocks are testing earlier lows - along with WTI Crude (as energy stocks lead the way lower). Silver is surging higher (up almost 3%) and Gold is back above $1200. USDJPY broke below 120.00 and is weighing heavy on stocks broadly.
So much for the Santa Rally...
Silver surging
Gold tops $1200
as crude and stocks tumble...
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Die, Dow Jones
Crash, Crash, Crash !!!
Cash, Bonds, Gold...
Whiskey, Eggs, Ammo..
Sex drugs rock n roll baby yes
In a reset there will always be collateral damage. Look at the French Revolution, do you think that all those who got the guillotine deserved so? The elites probably already own most of the productive assets, and PMs, the masses will come first for you and me. `In 1994, former President Bill Clinton released an executive order that lumped together a number of laws that could go into effect in the event of a declaration of martial law. One of the laws included in this order, number 10998, allows the federal government to sieze hoarded food supplies from both public and private sources.` Read more : http://www.ehow.com/facts_7640872_federal-antihoarding-law.html In a reset scenario we be fucked my friend. PS The elites most likely have very big guns and taxpayer financed enforcers to protect against zombified masses.
Did you pay those supplies with your credit card? Ordered on-line from those `survival` pages? The .gov has it all logged, timestamped and geo-tagged in that big server in Utah. So we be fucked.
So fucking what? This is nothing new at all. With great chaos comes great opportunity.
Bring it motherfucker.
so just run and hide like a coward ! or give up your stuff
die for something, or die for nothing .... your choice !
Na, the PPT and Fed will intervene shortly.
Derivative bailouts already set. In round 2 of wealth transfer.
The masses no longer hold wealth or equity, only debt. You are here `
Next leg up
Good times!
Gold is the best hedge for the deflation scenario.
Every texbook will tell you that "money" is the best hedge for deflation.
Precious metals not going down with the commodities shows us who is the king of money!
I'm a novice.... what happens to the gold price if we are headed to a deflationary period with economies tanking? Doesn't gold go down also? Or... I thought gold was a hedge against INFLATION, so what happens with deflation? Like I said, I'm a novice...
Gold (in physical form, outside the banking system) has no counterparty risk, that is why its a hedge in both deflation and inflation. Gold is also a store of wealth.
Priced in what ?
Eggs, food, fuel, ammo, or in pieces of paper with dead presidents on it ?
I think you first need a paradigm shift to understand
I get your point, and I do hold some physical gold and have been whipsawed the last 2 yrs with it. Meanwhile have some debt that I am servicing and wondering if I sell into any rally, pay down the debt, buy gold back later if deflation is going to bring it down (in USD terms).
Whipsawed in what? pieces of paper with dead presidents on it ?
I think you first need a paradigm shift to understand
(keep your physical, and pay down your debt)
Deflation is not possible in our financial system. Everything would blow up. The price of paper gold is irrelevant. If you decide to buy gold look at it as a 10 year investment.
Au is Wealth Insurance, NOT an "Investment!"
Other people with other fiats buy gold too..its not just valued in USA dollars anymore....If I was a Russian right now...I wish I would have bought gold two months ago with my Rupples....if you know what I mean...
New 5.5 year low for crude at $50.63. At this rate we could be at the $42 target in a matter of weeks. See the monthly:
http://www.investing.com/commodities/crude-oil-advanced-chart
What blows my mind is how those mf'ers, Opec and Big Oil, kept the price of oil near 100 bucks for years even as demand slid and production ramped up. Finally a month or so ago- OPEC announces they will not cut production and instead of a marginal decrease to 80.00 or 75.00 a barrel- the price of oil gets cut in half in less than a month.
Love to see who was on the short side of this trade. Same as it ever was.
Fuck it dude ...let's go bowling...
Happy New Year bitchez! Now that Wallstreet has suckered Joe six pack and mom & pop back into the "market" (with leverage), it's time to rape them one last time before the system gives up the ghost.
people with profits taking their gains. sell stocks now, take your gains and dont have to pay taxes on those gains until April, 2016. same as 2008.
They are not done yet the markets will reverse by end week Yellen will spread her legs and show her stuff
A sad statement when we cheer on the crash. Yes, we all must have some glimmer of what THE CRASH will mean to millions of people......but we stackers have been living on the edge for too long, and we seek at least some proof that our vigilence was correct....its only human.
God help us all when we are proven right.
Just an unwind from the end of year bonus jack up.
There's never been a better time to bang the sheepz with moar gas taxes !
Cali drivers gets a Happy New Year Crap and Tax.
http://www.foxnews.com/politics/2014/08/27/california-hidden-gas-tax/
and dont forget california east(maryland)...plus we indexed it to inflation so furture elected scum would love to change it...but we cant...its the law..sorry.....
Christ. I really have to get the hell out of this goddamn state.
They spray us like vermin with the Geo-Engineering Weather Modification Program and then tax the goddamn citizens for the "climate change" hoax. Fucktards.
The right people need to be horizontalized.
DAX down 2% but CAC is this morning's downside leader off 2.6%.
Correction: DAX down 2.6% and CAC off 3%. If you blink you miss the next leg down. I called DJIA down 450 by Tuesday, and we're half way there:
http://www.investing.com/indices/germany-30-advanced-chart
That's not right.
How can the price be going down?
Something's wrong.
Where's Wilson?
[/mortimer]
Looking good, buzzsaw!
Feeling good, Team!
Take your medicine and like it or not.
normaly I would feel bad for cheering on a crash, but many stalwart Americans say it is treason to be US Bearish.
So bring on crash ........
Such reports, and conclusions, should be written at the end of a trading session, not 30 minutes into it.
Is ZH going to publish the data on November and December online retail sales, which were up over 13%?
If things go as per the usual, the algos will start rallying the "market" as soon as they read the ZH articles...
Aaannndddd... Off the lows.
I don't see why that's good news. Overall retail sales is what matters.
I did not say it was good news, or bad news.
Certainly, it is an important datapoint.
All I want is objectivity.
Mainstream media: everything is wonderful
ZH: the end of the world is near.
Unbiased info? Nowhere to be found.
If you want good news go read Bloomburg and Yahoo. People come here for the contrarian position; it is incorrect sometimes, but an antithesis to ubiquitous financial news saying everything is fine. Everything is not fine and you know it.
Devise your own objectivity. When the perfect news source surfaces you will be the first notified.
Does mommy still cut your steak?
IMO, unbiased is difficult to attain. Information is coming thru a filter (reporter, editor, blogger, etc) and into your own filter, where you process it and make your own determinations on whether it is BS or not. The point is to keep your head screwed on straight, be aware of different viewpoints, make your own determinations on what is "right", and learn as you go. At least that's what I try to do, and a lot more of what makes sense to me is ZH, not mainstream.
gold has been capped at $1200 the whole time oil has crashed and gold stocks have gone nowhere, that normally means gold is headed down, not up. As long as the dollar rises, gold isn't going anywhere. Gold failed at $1321 this summer and that was all she wrote, it's been horrible for anyone holding gold ever since. If you want gold to go back up, you better cheer for oil to $100 again otherwise gold is headed to about $650 as a barrel of oil is way underpriced in gold right now. Historically an ounce of gold buys 12-13 bbl of oil. Right now one ounce of gold is buying about 24 bbl oil. So gold is overpriced by 2x.
What do you think Saudi's will be selling to make up for the loss in oil revenue?
You are dumb as a post.
NSA glitch ...
Oh horseshit. Oil has been artificially pushed down and is trading at a level to punish weak shale hands and anything not Saudi. Gold paper price and physical prices are decoupling in major ways. Silver sells for 25 an ounce in shops and they rarely keep it in. You are going to be set for a rude awakening here real soon. Gold and oil are both being traded at levels that meet the price of production and refelct no reality whatsoever. If it were not for futures and paper pricing, these physical commodities would be higher. It's financial chicanery and that is why they parade trolls like you out to the comment boards.
These "drop and pops" are getting......yawnnnnnnn....
HELLO. $50.50 crude:
http://www.investing.com/commodities/crude-oil-advanced-chart
NYA is telling the story: down 0.6% more to 10,600, down 2.2% for the day, fills the gap:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nya&insttype=&freq=1&show=&time=5
Once Hitlery gets in, she will nationalize the banking system and businesses. I call for the end to free markets to be fair to everyone.
If there is an event big enough, she would come out for Nationalisation: as a 'temporary' measure of course...
Do NOT elect that Communist, because my friends, she is a small 'c' communist.
Anyone who did their Master's on Alinsky-who she met once by letter- has bought into some variation of Marxism-Leninism.
**
What is the practical difference between Fascism and Communism?
The Fascists allow oligarchs to profit as long as it meets the requirements of the state.
The Communists own all production outright via the Communist Party.
Hitler allowed businessmen to do business- within party rules. The economy was good.
Morons like Communists kill the businessmen then try to run everything themselves. The result is: Venezuela.
But! Resistance to either System gets a vacation in the Camps or a bullet to the head.
For most of their adult lives, Billary has gorged, puked, gorged, puked on the Taxpayers' Feedtrough.
Neither one has produced anything in their entire lives but violence, graft and theft!
This oil recession is going to hit hard..just as Obamacare is kicking in expenses into high gear....do I see a wall coming fast..our economy is going to stop dead in its tracks soon...right now there are no jobs in the oil and gas sector...and all those drilling rigs are going to be sidelined....all that economic boost we have had the last 6 years is going bye bye fast....but yet the government has increased minimum wages in many states..and Obamacare just keeps getting more and more expensive....all those new truck sales are going to stop...
Yep, gold to $500, stackers will be selling it to pay the rent because their job is gone and their car got repossessed.
this is prob one of those fucking times where tomm we will see the bullshit rally tomm bc everything will be fixed.
all losses today will be made sure to be wiped away tomm morning.
its a fucking joke. we can hope its different this time, but prob wont be sadly.
No one talking about Dr copper being at 2.81 last crash alot of talk about copper under 30 what gives yall
gold isn't over $1200 anymore
Weekly update...
Dow
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
USD
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
OIL
http://www.globaldeflationnews.com/oil-light-sweet-crudeelliott-wave-upd...
GOLD
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
Gold lost it's boner at $1200, not a good sign with stocks dropping and oil dropping, gold is sure to follow, don't see gold stocks rising here and they usually know best where gold is headed.
Just in time for President Business to craggle us with "everything is awesome"....
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