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Some Markets Are Turmoiling In Asia
No catalyzing event - China CPI modestly hotter than expected and Aussie confidence weak - but FX markets are fast in the Asia session with USDJPY surging above 122.00 for the first time since July 2007 and EURUSD dropping below 1.08 as USD strength dominates (up 1.65% from payrolls). Japanese stocks have decoupled from USDJPY's rally and are down notably and despite the USD strength, WTI crude has jumped (perhaps on news of Iraqi forces taking back an oil field near Tikrit). Gold is falling as Offshore Renminbi weakens. All in all - markets are turmoiling for no good reason...
The USD Index continues to surge (up 1.65% from the jobs print) with a jerk higher at 2300ET...
Which rippled through every market...
and decoupled JPY and NKY...
Of course -what really matters is S&P Futures... which have barely budged - drifting 3 poiunts lower from the cash close...
Charts: Bloomberg
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Well what is a good reason these days?
They will take hold down to 900. Do you have dry powder or will u panic and sell? I have got plenty of ammo! I am ready, bring to me MFers.
No but I have a array of menacing faces and am prone to the beer farts. I'll be fine.
Prone?
That particular type of self defense requires a particular preparation.
A good reason for turmoil in the markets today is a roundoff error in a algo. Nothing more.
Here we go bitchez!
Isn't this fun?
On the Daily ES chart over the past 3-4 years every dip has had panic high volume selling. Has not happened with this current dip yet but maybe today. After the panic selling wash out ES went on to make new ATH's. Almost like it was being controlled or something.
Charts don't lie bankers and pols do.
May has come early.
"We looted some folks."
Turmoil has been a good bullish indicator.
Is there an ETF?
UUP
My investments are roiling over.
Hold on to your assets.
Guard your nuts.
Lets see what happens Wednesday...
Gold is still up in Canadian Dollars. I'm well hedged.
I'd rather be buying gold with my CAD than buying USD with it.
Gold down $5 and people are peeing themselves?
That's pretty normal actually.
Woo Hoo currency starwars.
Forever to be know as the "Apple iWatch Top"
Ten year Yen yield has increased 30% in last two days!!! WTF?
Gold dropping through 1160. Makes that TBill look appealing.
JPY still weakening.
JGB 10 yr yield up to 0.44 = up 10 bp in a couple of weeks.
Japanese banks and pension funds selling the JGB? BOJ will have to BUY, BUY, BUY.
JPY then goes Down, Down, Down.
IF BOJ sells UST it makes the yield differential greater, more Sell, Sell, Sell of the JGB from banks and pensions.
Japanese collapse is getting closer. How fast from here?
gold dropping, but in tandem with me aussie$
no sweat
We "Turmoiled" some folks....I've been waiting a long time to continue the meme.
Rush to liquidity.
Everyone is starting to lose confidence in "digital dollars.". Even paper mills look good here.
Price of actual books have surged this year.
Good news for the Book retailer of course. The price of wood has collapsed.
Oil is up in my view because the Adminstration has now declared war on Venezuela. Nothing like kicking a country while their down.
I mean whatever to smack talk?
" yo mamma" this and "hey person o color" that....
US government has not declared war on Venezuela. I believe that the US is the #1 importer of their oil.
Venezuelan government declared war on the people about 10 years ago. Chavez was a fool who ruined a country with wonderful opportunities. When these socialist experiments continue to implode they just chalk it up to Bad Luck, never the stupidity of believing in Magic Beans.
"Magic beans"?
Did someone say "magic beans"?
Are magic beans out of favor?
I'm trading all my PMs for some. Counter-sentiment trade.
Bitcoin $296 and climbing.
But is bitcoin climbing against namecoin? That is the fundamental question that I need to know right now before I do anything.
People still believe in Shitcoin? Worst performing "asset" on the planet last year.
Chavez may have been an idiot but he got the gold back.
No such luck,Libya,Ukraine,Germany,Iraq.....
Maybe that is where it has now gone.
He took it with him.
Bitcoin is a market too don't you know. +30% in the last month.
Love Bitcoin down-voters while gold is getting crushed and have given up all the 10 % increase since January...
I wonder how you cross the customs and going out of your country with a few kilo of Gold without being stolen by government goons (unless you are a drug dealer and have a go-fast).
Now, down-vote me to hell the Trolls, I will take each down-vote as a confirmation that I have right, thanks from my heart !
I don't really care about bitcoin one way or another. Just wanted to reinforce your insecurity.
Thanks for proving me that you can't answer other way by sorting out ad-hominem "argument".
The turmoil is due to the high level of uncertainty - the ATHs are getting shakier and shakier, and even the folks doing the rigging of the markets are getting uncertain about how long this pile of crap can keep getting piled higher. Time to cover some of the margin long bets, boys. Maybe we will get a turmoiled Tuesday...
just looked at gold chart, weekly; and we are back to 2010 levels again. 2010 to 2015-5 fucking years of nowhere.
ok, safe ti say we have established a consolidation at 1100-1200 range. not to dissimular to the late 90's at 250-300 range. correlates to fed balance sheet expansion with upside. if only the paper supresion didn't exist, it would be charting like apple...
we do want the price to go up? right?
have a look at what the National Inflation Association is saying about gold: correlated to the EuroSystem's total assets
funny theory. if this holds true, you'd have to see a rise, soon
or the great woosh will pull it down to 1000? always been my thoughts...
Currencies crushed, gold/silver crushed, stock collapse, bonds ZIRP or NIRP: the new normal.
The system is completely broke.
I fell moar and moar wealthier my buying power is up, my life is Haaapppy !
Look like I need to stack Euro and Yen bills for cleaning my ass when the collapse will be triggered.
margine calls, baby, margine calls. we margine called some folks...
debt, margine calls, sub-prime autos, forclosures ramping up and credit card 90 day missed payments - the new normal.
corp credit downgrades, margined stock repurchase gone bad, but hey the 1 percenters cashed out and bought??? moved it offshore, yea thats what i would do...
draghi is going to need a bigger (and less limp) bazooka
IMHO, the gold drop in USD is only related to the rise of the USD. At 97.XX points right now.
Fed has to hammer Au.
Buy now while the USD is still at record highs. It is a great hedge.
If you are speculating, you can only go short for now. Strong hands need to buy and hold!
***
I posited on a previous post that when the USD finally goes down (who knows when), Au will return as the Benchmark, and trade will be settled in Au per J Willie. Iran is already using Au for Oil, which no doubt has them in the ZATO crosshairs.
When the USD falls some amount of points, there will be chaos. Au has to be the most likely candidaite for the Benchmark; however, You never know what the Banksters may come up with!