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Greek "Deal" Sends S&P To Record Highs, Gold Under $1200
It appears that Grexit fears were all that was left to hold back equity enthusiasm as, based on the latest (non-official) details of a Greek deal, the S&P 500 has broken to new record highs (and Dow ripped 230 points off the lows). Gold has been jettisoned en masse, back below $1200... and crude is sliding.
S&P at record highs...
Dow is soaring...
But Small Caps don't care...
Gold back under 1200
Charts: Bloomberg
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maybe pussy riot leaving prison helped propel the buyers into a frenzy . http://hedgeaccordingly.com/2015/02/this-is-what-pussy-riot-has-been-doi...
It's all Bullshit!!! Told you they'd settle.
We can't buy a bucket.
The can must be kicked as far as possible...
....and Zerohedge looks like a fool once again. The can will be kicked for years and years and years. Give up.
Everything is fixed.
Wall Street is saved!
Currency manipulation is a go! I say again...currency manipulation is a go!
BTFD!
BTFATH
I still submit it is entirely possible that Greece is trying to keep the bank runs going. More money into the hands of the people prior to exit. Then default, banks go bankrupt, and try to tax some of that wealth back from the people.
It is pretty funny that the clearinghouse, Target 2 system, has allowed the Greeks to run a 50 billion overdraft, even after ELA handouts. It is almost as if the mob is running Greece, big increase in vendor financing and cash stripping, just before the bankruptcy
"I still submit it is entirely possible that Greece is trying to keep the bank runs going. More money into the hands of the people prior to exit. Then default, banks go bankrupt, and try to tax some of that wealth back from the people."
The Greeks are withdrawing Euros... If the vector of your premise is that the Euro strengthens after Grexit, then it is a sound speculation...
If, however, the Euro suffers followng grexit (due to the possible contagion effect in Spain, Italy, etc.) , then the current Bank runs are really for nothing but dramatic effect, unless the people withdrawing the Euros are immediately exchanging them for Norwegian Krones, or Southern California beach houses... yes?
Or Drachmas?
More heroin! He's going to be fine, we gave him another injection!
The good times will never stop as long as the drugs keep flowing!
No dawn, no hangover, no overdoses, no consequences!
If your a drug addict all you care about is your next taste and they are addicted to the most powerful drug of all.
'the most powerful drug of all.' Pussy?
I always thought of it as more of a weapon but I suppose it like many other commodities depends on the application.
Anything can be a weapon and the dose is what makes the poison....
:(
:)
Gold & Oil price being papered over by unlimited amounts of paper.
So all real assest prices go to zero - sounds like a plan.
Or a movie. Hmm....
all asset prices go to zero..
until a two bedroom single family home in so cal can be bought for less than 500K nothing really changes
especially when you take into account that wage growth has been static for 30 years
Commodities go to zero. Asset prices are at all time highs, from RE to equities to debt to artwork
Calling Mr. Oswald with the swastika tattoo
There is a vacancy waiting in the English voodoo
Carving "V" for "vandal" on the guilty boy's head
When he's had enough of that, maybe you'll take him to bed
To teach him he's alive before he wishes he was dead
Turn up the TV, no one listening will suspect
Even your mother won't detect it, so your father won't know
They think that I've got no respect but
Everything is less than zero
http://www.metrolyrics.com/less-than-zero-lyrics-elvis-costello.html
this shit is so fucking fraudulent....
so more debt based currency created and loaned to a bankrupt fucking submissive nation of slaves is bad for the only 2 forms of real money in limited supply and unprecedented demand????
yeah, right...fuck off.
DEATH TO THE MONEYCHANGERS...
ps: Greece - ur a bunch of pussies.
Slaves? Greeks?
Can't be correct.
Slaves have to work.
Greeks just sign agreements.
Failure of the Greek deal would also have sent gold under $1,200.
GLD OPEX says 1225 at 4pm. For whatever that is worth.
Oh well, lool on the bright side, people.
A bit more time to buy all that gold and silver that everyone else is getting rid of....
Silver at 15.80 and im in.
I'll go into silver when it's $6 an ounce like it was only 10 years ago. Even going in at $6 is still a crapshoot because the silver market is horrendously rigged, not in the stackers' favor.
If one is going to play rigged games, at least play to win. I feel bad for all of those stackers that bought in the $40s. That was an extreme example of greater fools.
Buying silver now is like catching a falling knife.
"Well the fundamentals are good" claim the stacker prepper types. Yeah, sure, the fundamentals are a rigged game where silver always loses until the physical dries up decades from now from price suppression. It might be good for millenials or their progeny to get into silver, but if you're an Xer or Boomer, it will be past your lifetime for you to see that upward correction.
That is the thing,,,I do not think that anyone who owns the real stuff is selling anything.....it seems to me more people are buying....the real stuff..not the paper crap....that is what has to fall apart now....I bet this year it does..now with India back and their economy doing better..they will buy shitloads..so will Russia and China as they distance themselves from the west....
I hope you're right. I don't intend to part from my physical at all. I still believe that the mathematics dictates the global Ponzi will fall. The only things which annoys me is that Europe won't be the cause of it. So who will it be.....?
Greece is a large bauxite producer too.
Nothing compared to Rusal of course....
Syriza FAIL
Someone here on ZH wrote right after Syriza was elected that his "pick" for finance minister was a Soros puppet, and to expect no change--"Same as it ever was."
I wish I could remember who, as I'd like to send him the "chicken dinner" he won.
The Greeks are not going to be pleased when they realize that the banksters not only have them bent over and taking it from behind, but that that short feeling of relief was really a bankster ball-grab reach-around.
The banksters need to repay us.
Fraudulent-reserve banking is grift.
We will see how the Greeks react on the streets. I would like to hear what the Golden Dawn party has officially said in response to this.
The marxist elite will not let the down crash under deal leader...
We have time
relax
Did anyone seriously think that Greece would go against the ECB and exit? I never believed that for one second, although I would have loved to have seen it.
I imagine the people of Greece are proud of how fast their "tough talking" finance minister crumbled. These mother-fuckers are all the same!
Oh well, enjoy your slavery!
you may find in due course that it was the Germans who caved...particularly on the "continued austerity" issue.
In prep for a debate class my 15 year old daughter and I were discussing Obama's free community college offer. I eventually asked her who pays for it all, and she said, "It's only $60 billion dollars, didn't you say that they can simply pull money out of their butts the other day?" "Not money sweetheart, you can't make money up with a few strokes on a computer. But currency? Apparently getting easier and easier every day..." Sigh.... Real money continues to get monkey hammered.
Doing evil is very profitable.
It doesn't matter what the ECB announces. The Greek government won't approve anything remotely looking like continued slavery.
BTW, gold can go as low as it wants (they want), it will be considered valuable at the cost of extraction, $1000+ per toz, and is used for industrial tech as a consumable (electronics etc).
You can bet your ass that everyone of these fucking slimey dirt bag politicians were in the market ahead of all their published statements. A bunch of connected insiders just made out like fucking bandits. I hope to God there will be a chance at some point in time to hunt these fuckers down one by one.
i will gladly fucking hunt these bastards down with u.
these banksters r raping innocent civilians day in and day out in broad daylight, and they fucking get away with it every god damn time,
these ppl need to be fucking taken care of already, im tired of it. these bankers must suffer already for all the crimes they have committed against humanity
We are suspended in mid air. For this brief moment in mankind's history, everyone is getting to keep their cakes and eat them too. The debtors as well as the lenders are both coming out whole with an extension. What goes on during this extension period is anyone's guess. The extension may well be indefinitely when a major event takes over center stage and suspends further debt talks in 120 days.
Everyone who pays close attention and has a modicum of common sense MUST REALIZE that this cannot last forever!
After watching the US debt ceiling talks, I am pretty sure they drag at least this Greek issue out for years. Infact, they already have been.
Why did Germany not go with a 6 months extension. What difference does it make whether they meet in 4 months or 6 months to discuss exactly the same? Just so that Germany can feel they've accomplised at least this? Just doesn't make any sense whatsoever. Macro data in Germany is getting worse too.
I don't get it....why all this theater....when all that needed to be done was print some fucking (ie counterfeit) on a computer screen, make up up some Credit Default Swaps, stuff them up someone's ass and we're Back to Everything is Awesome.
Wait....that's what they did....but still why all the theatre?
They need the theatre to get shorts to pile in so they can be crushed once again.
Entertainment for themselves, Eliting can get boring I suppose it's like when crop dusters 'buzz the sheep' and send them scattering.
Why all the Theatre?
"We didnt get all dressed up for nothing"
Time to pick up some more precious.
A French economic journalist regularly say that half of the ECB QE will be used to destroy Gold by short selling it. It seems that he was right.