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Dow Roundtrips 500 Points As Gold Surges To Best Run In Over 4 Years
Another day, another rollercoaster of crazy volatility...
The Dow rallied a few hundred points post China GDP into the US open, then collapsed 260 points... only to pump 200 points back up after Europe closed.
Cash markets all moved together but small caps were the tell into the close...
Builders and Financials lagged... Tech and Industrials led... Notice energy bounced once again even as Crude hit new lows
Biotechs at record-erer highs...
Futures ramped after the China GDP data, dumped at the US open, ramped again after Europe closed... then started to fade
USDJPY was in charge as once Europe closed, stocks ripped back up to catch it...
Treasuries were very mixed today with the long end closing near record lows (30Y -7bps at 2.38% on moar QE duration scarcity) and the short-end saw yields rise (2Y +1.5bps at 49.5bps)...
banging 2s30s to fresh 6 year flats...
The USDollar rallied (as Swissy weakened a little more)
Oilmageddon continues... with WTI back down to a $46 handle, down almost 5% from Friday's close (but gold and silver are surging)... note the moves in commodities started after China GDP...
With gold's best 7-day run since Aug 2011 (shifting to 5-month highs...
Quite a run for gold...
Charts: Bloomberg
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Predictable.
WTI down $2.50..., so oil should hit zero in ~ 18 trading days...
or not.
End of the February contract -- switches to March tomorrow. Cartel is still in control for now, and it looks like they want to see $40.
It does look "stuck" there for the time bein', no?
How come that puke spewing rollercoaster dude isn't on the foto reel?
When Bernank is on vacation, Yellen keeps the comex hounds at bay....
Looking forward to shorting the biotech garbage......... someday...... hopfully while I am still young........ er than Warren Buffet.
new comment(same old), fuck a fraud, ha...
as bettty would say: i don't give a fuck...
45-50 is not 30-35.... it's all about time managing depending of each o-day events worldwide...
As I remarked seeral times in my previous incarnation, knukles, I believe the bottom is in for 2014-15; @15.50 for Silver; and you get to laugh at me again for free if I'm wrong. This is what my analysis concludes. My analysis is usually pretty good; but past performance is no guarantee of future success. cheers. I got kicked off for unknown reasons.
you are "most likely" correct...
Biotecks hit an all time high?
Must be the spawn of the Reptilian Lizard People from Dulce Base plannin' a terror attack of some pathogens and shit.
We couldn't have the hreat one on the podium tonight patting himself on the back for the Greatest Recovery if the market was down today.
,,,,and very very tradable.
Great.... Let me have the popcorn then.
It's because the King is Speaking. Shush and enjoy the show!!!
The Officially Unofficial State of the Union Viewer Guide and Drinking Gameor you can actually take a poll on the Obamamussolin's speech tonight:
01.20.15 State of the Union Booze and Importance Poll QuestionsKevin had to get green for the Oblameo Blabfest or lose his job.
760 swing in DOW today...and closes right at 'unch'.... magical.
When the market is nothing but a matrix, anything is possible. it's not the spoon that's moving so don;t try to bend it, instead realize their is no spoon and bend yourself....OVER
Thank you Yellen may i have another
ez on pills dude, mix ain't good
Thou shalt not leave a stop loss order unrun!
Didn't Moses say that, or was it the Lloyd?
We know which one thinks he's dog.
mopping up the retail investors.....check.
right on script
My neck hurts.
#41
Ow, my balls
Ahoy Palloi!
Jesus! (Charlie Sheen.....,, anyone?.... Crickets chripping)
your what hurts?
look at the pressure they exerted on the phony paper price of the other only form of real money in London and NY to keep it contained below $18..
http://www.kitco.com/charts/livesilver.html
undeniable....
I still cannot believe the cartel has let gold run this much, this fast. Are they setting up the momentum traders in gold for a monkeyhammer crush of gold?
they need 50 :1 to pressure gold with papper gold, they don't have money.
the moneychangers and the elites they represent own most of the Gold...
the crime of 1873 was committed to scare the common man out of Silver which is the common mans Gold...
Silver they do not have and is the reach of every common man woman and child...
Silver is the key to the destruction of their debt based currency paradigm and power....
you totally wrong, they play with you, looking at you , yourself playing with PM... if it was so dangerous, out of control, they would simply ban/forbid it.
the key, to the destruction, is to be out of the system so they have noone to play with until themselves.
such movement cannot happen by inner mass, it supposes to realize its own way of life and accept to reduce it to be allowed to morph into something simpler, better. it request to not be lazy, to be in good shape mentaly, balanced. most usa/EU ppl are mougeons ( french hybrid for sheep/pigeons ) not a fucking single mougeon will move to reduce its life style while what it looks at tv is kardashian, hilton and co...
1st step is to nuke any way to broadcast any form of TV worldwide. then, we can start to speak.
well at least someone sees things like u...
congrats...
now, follow ur path.
i don't give a fuck, hehe, which means i am taking care of myself first, the rest falls into place....
i actually agree on all points
youre spot on, unfortunately after a century of brainwashing the common man, woman, and child have no idea that silver is money and can save them from the system. i hope that the crash of 2015 is enough to wake up a large enough minority to the need to own PMs, especially silver.
Gold is up 8% the last month but only 3% YOY (in USD terms).
Sorry, but this kind of tiny move means absolutely nothing.
Good catch BoP. I mentioned this scenario earlier. Sometimes you can carry ( P/M's) in a different curency or investment scheme. You just have to be open to ideas. ;-)
Remember the group that made $billions as the R/E market colapsed in 98, 2000, 2007, ect?
Goddammit you guys!
Just when I was starting not tp panic and along you come and make me remember what little I know of the real world is all bad!
soft sobbing sounds
Until we see a real move in gold, like $300 or $400 in a few days or $1000 in a week or two, in really doesnt change much that I can tell. We really need to see the paper humping COMEX fucktards completely obliterated. Confidence in paper gold must be wiped out and destroyed to see true price discovery.
u think they aint scared of Silver...think again...
look what they just did..
http://www.livecharts.co.uk/MarketCharts/silver.php
Correct Kaiser. Silver is the Achilles Heel of the whole PM manipulation charade and always has been. Silver will most likely do a Moon Shot compared to golds rise, percentage wise. It is one of the most undervalued and underowned assets on the planet, imo.
agreed...and hopefully in this lifetime...
for liberty's sake.
history verifies this as what was in the common mans coinage! common man is the key-affordable and easily used/demanded...this is when the idiots ruin there fiat fraud, which is upon us now. we are in throws of repudiation of fiat. convulsions if you prefer. snb started the the twitch of fiat death. stay tuned...
but which comes first ? the chicken or the egg and especially in a land of many illusions that are accepted as reality ?
gold didnt move more than 920€ -1000€ fork for year.. buy it in euros, it is stable, it is just coz of strenghten of USD that gold is AAAAAaaaaaAAAAAAaaa...
period.
i really do hope u r amused by urself...
last words...
again, follow ur path.
I'm suprised as well. It's only Tuesday though, they still have the rest of the week to smack it down.
The interesting thing is gold's launch happened the day before Opex, and it's continued to go up since then. I'm seriously wondering if maybe someone decided to take delivery and is causing problems (perhaps it's connected to the GLD story earlier.)
There could still be a smackdown, but if it's a physical shortage, then the game is definitely changed. The smackdown artists would have to write losing options, and the sharks would smell the blood in pile in for free money and it'd turn into a pretty bad feedback loop for the parties covering the options (eg the Fed) for the smackdown.
I'm in disbelief, but this really could be the start of a collapse in the suprression mechanism. They're awfully good at pulling rabbits out of hats, though.
Wouldn't surprise me if they did. I mean, after that huge run, we're still under 1300. Not that big of a deal if you ask me, although that was one impressive run in the miners, esp NUGT. And yes, I happen to own NUGT right now but am nervous the "cartels" smack this right back down.
Nearly every market has been driven for the last six months by clobbering shorts. Perhaps it is time for the gold shorts to feel some pain.
Just turned on Trish Regan (Bloomberg). Dow was up +3.66 for the day. Must have been another boring day in the markets.
Turgid Tuesdays.
the filthy cunt that is yellen must be proud of her boot licking minions over at the PPT.
Setting up the big eared jihadist for his verbal diarrhea comedy hour later today.
+1 for the restraint...
forexskin just made me spit out my coffee. great name.
That is probably an insult to filthy cunts and big eared jihadists, but highly accurate nonetheless.
ALGOS skiing down the backs of the Muppets
I'll ignore the image of the Swedish Chef's hat with burnt-in hexadecimal ski tracks for a moment, and observe the following:
Odd day for RUT, everything was between and betwixt, nothing reached standard algo targets, seemed those unwinding pre-holiday short-covering were equaled by the pre-Draghi Moar-Brigade. Had been such a dream year to trade until today, but 9 good days out of 10 ain’t bad.
I can't fathom those charts ! Please teach me .
Give a man a chart, you feed him for a day.
Teach a man charts, and algos fuck him for a lifetime.
I want to get fucked by algos . Now teach me :D
Mr. Nietzsche said it best, and I had to alter only one word: "To trade is to suffer, to survive is to find some meaning in the suffering."
When the price is going up buy. When the price is going down sell. How do you know if the price is going down? Prices will be falling.
The real money is in the volatility, boys.
However, as we get into credit card repayment time for Xmas, and the true implications of Obamascare and lowered expectations across the board [in terms of real stats] - the Lord tells me this, really, truly, may be the beginning of the beginning of dollar decline.
Good year for a needless global war, eh?
What do the dark pools of (in)Fidelity say?
Which way does the wind blow?
dark pools of (in)Fidelity
I believe that’s the title of Michael Lewis’ first planned foray into the romance novel genre:
(“…the wind outside the HFT offices caused Melanie’s top blouse button to unclasp, and as the cool January breezes danced around her chest, she felt her desire for Lars, the Chief of Algorithmic Trading, growing like the bins of internal documents she was told to shred though, in a weak moment, she wondered how great a role his 287 consecutive profitable days played in her emotions then, with a shrug of her shoulders, stopped at a Wall St. boutique for a fresh stockpile of mauve lip gloss …”)
Jesus Folks....not hard to figure out here. We're heading to record high closes for eternity. Fuck the collapse....I'm convinced it ain't never going to happen...not in my lifetime, and I hope I have 20 years left. Besides, can't have the Super Nigga getting on TV tonight after a 300 point drop. Fuck it....Face it....We'll never see Banker's Swinging from a lamp post.
The Gold beatdown is LONG overdue, or, did I slide to an alternate universe by accident??
Algos see every near vertical drop as an opportunity for a near vertical ascent back to the same level within the same time period as the drop.
There is no reality outside the chart the algos read. If all you knew was a chart that looks like the market from 2009 until now, every drop responds with a pop. Why should that change?
Professor Terguson: You remember that thing we had about 30 years ago called the Korean conflict? And how we failed to achieve victory? How come we didn't cross the 38th parallel and push those rice-eaters back to the Great Wall of China?
Professor Terguson: [rips a desk apart] Then take the fucking wall apart
[shouts]
Professor Terguson: brick by brick and nuke them back into the fucking stone age forever? Tell me why! How come? Say it! Say it!
"Good teacher. He really seems to care..."
This is all beginning to resemble the dance sequence in "They Shoot Horses, Don't They?"
Just close your eyes and BTFD, new highs are a given.
No matter what the ECB says we will explode dramatically higher, faster than your screen can render the reaction.
The only question is will the DOW be back over 18000 by Thursday or Friday?
I like the cut of your GSR.
It's all a lie..........and here are 112 certified outright lies from five past State of the Union lie fests....
https://grabien.com/story.php?id=20735
..............punctuated by numerous standing ovations from CONgress folks!!!!!
Another great opportunity to get long at European close and cover at VWAP. Hope y'all were paying attention.
Good shit, here is a biotech stock for my zh homies who hunt sheep, symbol OCRX. Trading currently around $6.
Just don't mention it so I can upon my next appearance.
@tmatty17
Back up, back down, up and down at a frantic pace. Given that they stampede upon reading only bloody headlines, no wonder.
What a circus.
Off topic but on my mind...WRT the surgeon shot in Boston....In my experience more doctors get shot than police. I was at a meeting bout 5 years ago sitting next to an endocrinologist who had been shot by an elderly disgruntled (obviously) patient a year before. I said wow that's so unusual. He pointed to 2 other guys who had also been shot who were sitting in the same room (with about 30 people total) Maybe it's just Vegas but I had a colleague shot and killed in Pueblo a few years earlier. Doctors are often shot because people are sick and need to blame someone. It is usually a tragedy and just wrong. This is also the case when cops get shot. The difference is that when a doctor gets murdered there is no show of solidarity and parade in his honor. No widow gets a life time pension. No building gets named in his honor no matter how good or loved he (or she, had one of those too, a friend) was. Maybe the police are just more sensitive to loss of life. At least in their ranks it would seem so.
Once the 'Great One' gives his SOTU speech the fun can begin. Can't have a bad day today as the teleprompter has already been programed.
Are Plunging Petrodollar Revenues Behind the Fed’s Projected Rate Hikes?
They are spraying like crazy in Phoenix. Chem-trails blanketing the sky last two days
Gold down 20 cents in after hours -- BTFD!
BTW...now that oil has dropped, there is talk about raising the excise tax on gasoline.
Hmm.....
Proof once again, if there is any money left on the table, either the government or big business will take it. Leaving the little guy...well...little.
"U.S. stocks erased big, early losses Tuesday, turning modestly higher in afternoon activity as worries about deflation gave way to expectations the European Central Bank will deliver more aggressive stimulus when it meets on Thursday."
Okay. I get it.
Nothing left for the algo's to mop up but the stops? Nothing left to take except whipsawing the daytraders?
This market is so tapped out.