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Stocks Stumble As Gold Tops $1,300 & 30Y Yields Push Record Lows
Gold's 12-day swing of around 12% is the best since just before the Swiss capped the Franc in 2011 and the precious metal has topped 1,300 for the first time in 5 months this morning as, despite exuberance in Chinese stocks, it appears anxiety is setting in that tomorrow may not be all it's cracked up to be from Draghi. Bond yields are re-tumbling with 30Y pressing to 2.36% record lows (and 2s30s at new 6 year lows). US equities have given back about half yesterday afternoon's rampfest...
Gold is surging...
Bonds are bid...
And stocks selling off...
And EURUSD is back above 1.16...
Charts: Bloomberg
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nothing to see here
It's the final blow off top for bonds just before The Feral Reserve jacks up rates to stop China from decoupling the Yaun to the US dollar.
Hmm. If yields go up, will the price (unusually) go up too? Why would prices be so low if they could be higher? I thought prices were low because they had to be, in order to attract the money the government needs to pay for its social expenditure? If bonds collapse won't that mean the collapse of the government too?
Gold to $1,400 next Friday, I don't pick up pennies for nuttin.
Bitchez, take that to the boat.
i can see why you call yourself "Headbanger", lulz
Gold looking to make a run for $1450
http://www.goldsqueeze.com/analysis
The FTSE was trading at 6666.66
Just the Swiss national Bank buying all that gold.....just because the vote failed does not mean they cant buy gold.....just joking...
Might have to take a job looks like today will be another chance to BTFD and now I have to buy gold too.
Looking for gold to rise a bit more before falling substantially. But relax, it's all part of the plan. Remember, if you don't hold it, you don't own it. ;-)
The great Gold war 2015:
What is happening today in Ukraine is nothing more than the creation of the Anti-Russia. (anti-gold, pro-usd)
http://russia-insider.com/en/2015/01/20/2568
For those wanting to play with fire with some disposable fiat, most of the miners have not been keeping pace with the rise in the prices of the metals, in particular silver miners such as EXK, AG, HL, Etc .... They are set up for an interesting "Trade" only ...
I'm ever suspicious that the ECB and the drag queen's decision (whatever it is) will be used to smash the PM price down again.
Pure bullshit. The GDX 1 month performance right now is 29.76%
http://money.cnn.com/quote/etf/etf.html?symb=GDX
watchu talkin about willis
exk and ag not keeping pace with metals?
They go down quicker and up quicker. PERIOD.
FT Alphaville, Izabella Kaminska in particular, has been the best source for info about the financialization of oil, the end of QE and how the new market mechanics of this commodity have contributed to the recent price plunge.
http://ftalphaville.ft.com/2015/01/19/2091982/not-your-usual-oil-price-decline-effect/
http://ftalphaville.ft.com/2015/01/12/2084942/a-capital-contango-and-why-oil-storage-economics-may-be-dead/
Surprised ZH hasn't covered this topic more (unless I've missed it)...
I'll start to worry when gold "surges" $100 a day. Then we know shit is gettting at least semi real.
Apparently there is a shortage of paper gold and silver
Global liquidity trap pushing on a wet noodle
QE only works to redistribute wealth
"QE only works to redistribute wealth"
Upward.
... what are you waiting for? ... buy it (the physical variety, that is ... it's a golden opportunity ...
There is no blow off top in bonds anytime soon. Way too much angst for that to happen throughout the planet. At some point, sure, but not for quite a while.
Stupid article, one of many at MarketWatch, that this may be golds "moment". Did not even bother to open it up. The idiocy of what passes for reporting these days is frightful. As if what is transpiring at this critical junction is just a blip on the map and will soon pass and we will be back to the same market soon, just stay tuned.
Nope, too many game changers taking place at the same time for the "all clear" signal to soon ring. And do I remember silver went lower in thin markets last year almost 40 days straight with just a day or two higher. So gold, silver are up for 3 weeks. Wake me at 1,365. Then we can talk about taking a break.
And yes, there will be days when we again doubt ourselves and some of the trolls which are thankfully missing from here will return to tell us the rally in gold is over and time to buy stocks again. But that too will pass. Have every share, every ounce and not planning on selling any. And so many are not aware of what is transpiring around them. Why am I not surprised. Remember, keep that hand on the Tiller. Stay focused for the long term.
There are some quite interesting undercurrents beneath the "everything is fine" meme.
Gold, Greece and oil are just one aspect of it.
Gold will see $2,000 again by end of year I bet. Peeples are waking up.
Wrong base for calculation. The USD is not the measure or at least it should not be the measure. And last time I cheked the few kilograms of gold simple have stood. There was not mass addition nor anything else. So I may need a bit more "hardly funny money" to buy kilogram of gold but that's all there is. If I'd believe the central banks for the last few years I should be millionaire right now..... But if I'd look on what I bouhgt I may have to realize, still the same number of stocks. ....
HEY! Where all da free money at??