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FOMC Minutes Reaction: Stocks Give Up Kneejerk Gains; Dollar & Bond Yields Plunge
The initial kneejerk higher in stocks has been removed (for now) as bubble warnings and truthiness about low oil prices as well as the general weariness of The Fed spoils the meme that everything is awesome. Bond yields plunged out of the gate (and remained lower) and The US Dollar is being sold hard. Gold and silver are rising as WTI Crude slides.
Stocks pumped and dumped (for now)...
And Treadsury yields plunged...
And the Dollar is being sold...
Dollar weakness is helping PMs rise but crude is slipping...
Charts: bloomberg
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Nice opportunity to BTFD !
EVERYTHING IS AWESOME!
Since the morgue has the (dead) patient under control expect Ukraine to fall to Russia in the next few days, silently.
Otherwise rates might pop up a bit.
The Western control of the fiat debt spiral and ZIRP is what Russia will use and take advantage of now.
the dip was already bought...too late
The US Dollar is being sold hard...
I thought we had entered "scacre" USD moment. Germany needs it's gold by - what is the current deadline now(?) - 2543? We got Libya's gold, we got Cypress's gold, we got Ukraine's gold, we got the Greeks gold - and still that ain't enough to cover the FED's and JP Morgue's (naked) short contracts?
Germans have a nose for tungsten cut bullion - and that means the Fed needs a long USD to get it cheap - but to sell USD's "hard, meaning short the USD, so it seems, would require printing bunches more monopoly game USDs. Gold would spike. Someone might actually demand to look at JP Morgues claimed inventory. We can't have that.
Or ...
Pick risky fight where the outcome is unknown with a country, like Russia, or China, that have a bunch of gold stashed away - and/or allow Germany to be collaterally destroyed so they'll quit be so adamant about some fucking final delivery deadline.
The fascioligarchs, if we allow them to survive, will have to repatriate all their taxpayer subsidized off shore ops and live with those pesky internation debt collection services phone calls.
No way out of this one..... is there?
I lost my woodie
Patience grasshopper..we still have the daily 3:30 rampfest.
So lever up and BTFD, got it.
Carrot and stick approach in socialist economies .... they beat you with a large carrot .... and then they eat it in front of you !
Carrot and stick approach in socialist economies .... they beat you with a large carrot .... and then they eat it in front of you !
I might prefer the carrot to the spanking the 'free hand of the market' gives us in these supposed capitalist economies.
Unfortunately that carrot is swimming in a stew of poo.
Sell gold!!!
Sell gold!!!
Today Brent and Texas say we're goin' down.
This unraveling will be epic. Going to be a bitter sweet moment when fantasy meets reality....damn!
Well, manipulation is their job afterall...
This can't be manipulation as that is such an ugly word. After all, they are doing for us, to make us happy, so it must be something else...like flavor enhancers as opposed to artificial flavor. They are simply providing the rose colored glasses that make everything so much prettier than it otherwise might be. They're doing us a favor...remember that. They are doing it for us, not to us.....
even if a certain orifice stays continually sore
I'd be more impressed if a 'plunge' meant something a bit more drastic than just back to yesterday's levels.
Ha, do you know what the Tylers consider to be a 'surge' in gold?
I know. A ten dollar surge. WooHoo!
Don't forget that the money supply is growing daily. This creates inflation. Inflation eats away at all asset prices, stocks included. SO the nominal number you see DJ 18k - it isn't real. It litterally is not adjusted in real terms.
Just look at the petrodallar recycling settlements sitting on the Port of Los Angeles. Irony.
Rip and dip! BOOYAH JIM!
Japanification bitchez!!!!!! What a fucking joke....
Shall we all take out a CDO investment policy in case a Amazon drone takes out a freight ship awaiting port entrance to POLA?
/Sarc
Gold and silver are not rising.
They are as suppressed and manipulated as they have always been.
Keep buying coin, not paper. Stop bitching.
They may be for now, but it will come to a screeching halt. I continue to buy only the phyzz and sincerely thank the Big Fish for the Gifts they give. I intend on sharing the Last Laughs with those few patient souls with the wisdom to heed this.
Interest Rates will remain low until the duration of Obama's tenure.
He is calling the shots.
Then after he leaves, all hell will break loose.
it's all about the narrative!
You jest ... surely.
If I were a Republican I'd be doing everything I could to crash it before Obama leaves office.
I'm not ... a republican ... nor Democrat. May both parties burn in Hades.
Yes, I see your point and agree.
But the manipulation game has been on since March 2009, ater the White House Meetings with the Fed AND the Big bankers, where they got their marching orders -- ramp the market or I'll dismember you threat.
Treasury yields and the dollar are both acting normally. A correction of their recent substantial gains is in order. But when that correction is done, their juggernaut behaviors will resume, this next time on steroids.
USD
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
10 YR
http://www.globaldeflationnews.com/10-year-u-s-treasury-index-yieldellio...
absolutely unreal that all this parsing of "patient" tea leaves revolves around a single 25 bp increase in rates after 6 years at the zero bound. let that sink in. it's like monitoring the risk of a heart attack for an 800lb man, and we debate whether +/- 10 lbs puts him in better or worse health.
This is a difficult situation to trade. I think I'll stay flat until the U.S. macro tomorrow gives some guidance.
It's clear the markets knew the Fed. was going to be "wishy washy" with their guidance and front ran the Fed. minutes over the last week, while entirely ignoring macro news.
The markets then bought $usd coming out of the European session as protection, then sold $usd on the release. I think we're due for some more $usd selling over the next month. Bonds 10y have been sold hard this month and the $usd has stayed in a flat to downward trend. I think the bond market is out in front of the equity markets and the 10 year looks oversold.
I also think equities are due for some selling which will drag the $usd lower with them.