This page has been archived and commenting is disabled.
Who Could Have Seen This Coming?
It appears Central Bank omnipotence is under threat once again....
Cross-Asset-Class Volatilities... equities finally catch up to reality.
It appears you can only hold an ever-expanding balloon of exuberance underwater for so long.
Charts: Bloomberg
»
- 38226 reads
- Printer-friendly version
- Send to friend
- advertisements -
nonsense, just buy the fucking dip
Gold on monthly tickmill chart is setting up for a major crash in July. Any thoughts about this?
yeah......its a joke if you think the "paper trade" in gold means anything. concentrate on your physical or go home and watch Kaitlin expand her horizons.
ilion, The point is that in the new manipulated/managed normal, gold charts are as meaningless as every other economic data point. How many "death crosses" and other "imminent downturn" indicators have we seen in the DJIA chart over the past few years? These "markets" have been gutted on the inside, they only look like the markets that existed back when those indicators meant something.
… the Earth is a much more interesting place now that we have 7 billion consumers.
This is true. Good friend of mine made a VERY good living trading on chart patterns. Poor guy failed to see the manipulators take over the puppet strings. He is literally destitute today.
In fact he might be the asshat posting all the work-from-home comments here on the Hedge :-)
Reason is no match for stupidity
"Correction" implies a reversal. Can a flatline reverse?
you will get junked for making a great observation. but, it is a great observation and i agree with your call.
If $1,131 breaks with volume and weekly close $956 is quite possible. Just such an excruciating range it's been in for a while now . . . . . . . almost as if it is sniffing out some sort of Big Reset. So, IF it breaks 1131 with enthusiasm then a cascade is very possible, but will it?
Months ago I said final bottom for potentially a very profitbale switch to getting big long could be in the 950-1050 range and I realize people here hate that or think I'm full of shit or a prick. Just how I see it.
Sorry, but using old school market data will not work in markets completely controlled.
One might make a call and get lucky but today's 'markets' only move in ways the powers want them to.
You make that statement as if I am completely oblivious to the absurd amount of intervention and manipulation. Your designation of my "lucky" call is my implementation of an approach that factors in the manipulation in terms of not stepping in front of the direction "they want" and avoiding key pivots clear as day on the charts (i.e. my several notes here playing ES in and out doing my best to avoid being Bullarded or Yellened which has not been perfect but not too shabby either).
You draw the conclusion that it "will not work". If it breaks 1131 with volume and energy and does not approach the target I mentioned I'll be happy to admit I was wrong. If it doesn't break or approach 1131 then who gives a shit I'm just pontificating about a hypothetical (fwiw would need to see a bursting of 1240ish to have confidence in a new bull). If it does break that level AND does do what I see as quite possible I won't wait for or yearn for acknowledgement or recognition . . . . . . just playing them like I see them even if unpopular at ZH which I do like and respect.
If you are long gold wouldn't you want a flushing out and end to this seemingly endless "running correction" (same for silver and BTC)?
You very well could be right ghostzapper, I'm not going to argue your call. I think however that trying to buy physical when paper gold plummets to say $950 will result in not too much savings compared to buying gold today at $1170. The demand for physical will skyrocket below $100, and thus the premiums will get crazy for the most valued brands like the american gold eagles, etc. Buying at $950 with a $200 premium will net a $60/oz value over buying today at $1170 with a $50 premium.
Perhaps I'm wrong and the premium won't go up that much. I think it is worth while to keep some cash handy to *try* to snag gold at that value. But if one does not have much gold yet, buying today at $1170 seems worth it to me.
With fiat failing across the globe, what I see with all momentum on the flooor is a massive coiled spring - technically and fundamentally.
I did not contribute to your down-votes. However --
Gold has been setting up for a Major crash on nearly every (fill-in-the-blanks) 'chart', since late 2011. $1000, $800, $650... Some have even suggested back to $250 ('where it belongs')...
Given what has transpired -- both economically, corruption-ally and Police-State-ally, over the past 5 years, I'm more inclined to suggest that a good hidden stash of Mountain House product might get you a bit further towards the safety of the (river) banks, than even gold. We're headlong into something that nearly no one has any idea of just how bad it will get...
Step back a little further and what you see is still very much a bull flag.
Jesus, God Almighty,,, I wish it would go to $250!!!!!!!!
Unpossible. The Eliiot Wavers have absolutely identified the next leg up for the near term. And they've only been wrong the last 11 out of 12 times. You'd be a fool to doubt that type of fundamental analysis when it comes to PMs.
And when it forms the "stinky finger" SELL!
You get hit by the trucks you didn't see coming.
The Greek truck has speeding along @ 2 mph for 5 years
BTFD it is!
Don't give me that BS.
Look at gold. The central banksters are still well in control of all markets because they are in tight control of true money. We are still screwed daily by them until something catastrophic occurs.
Or China does something.
chinese crash continues tonight and will spill over to europe which will be dealing with debt covenant hysteria from Greece and all that will spill over into the US.
If you have access to dollar funding right now the leverage available right now is really quite remarkable...with the amount of collateral available quite high (say...posting Apple Compufer stock.)
Funny that folks are buying artwork when you might be able to buy say...Volkswagon Corporation...but hey, people do weird things with their money.
I do think the F-35 Fighter Jet is pretty pricey...
A piece of junk... It lost a mock air battlle with an old F16 last January. Useless as a fighter. May be okay for an attack craft.
Wouldn't stand a prayer against Russia's T-50.
It will all go away once the fed starts hinting that there will be no rate hike until 2016 thanks to Greece. In 2016 they'll find and excuse to push rate hikes out to 2017.
They'll have to do something, and Greece could be the perfect excuse to keep ZiRP and introduce more QE "for the children!"
QE4 - Student Loan Securities purchases
QE5 - Subprime Auto Loan Default Swap purchases
QE6 - ECB Stabilty Levy Bond purchases
Who's going to stop them?
The next phase of the un-possible is approaching when the mere announcement of a "new" program will juice the appropriate financial flows.
Ding ding ding we have a winner, they were terrified of even a 25 bp rate hike, this will put them over the top. QE 4,5,6...how many did Japan have? The debt mountain cannot be serviced with anything but ZIRP and you wouldn't want a billionaire to miss a coupon payment
Here's Johnny!
Bullish !! BTFD
A blind deaf mute coulda seen this coming. CB's missed it though.
I've come to realize everyone loves to talk about the Founding Fathers, talk about who and what is corrupted (as if this knowledge is somehow useful), and complain about the government but refuse to do anything proactive about it. Everyone knows what the problem is, yet sit on their computers drafting witty and sarcastic comments. This country is without real leaders, and everyone waiting for one is wasting their time. Maybe it'll be Trump. Or Rand. Or Christie. Nope. Another election will go by. The country will be worse off. ZH’ers will be refreshing their page for more doom-porn, and a very small subset will actually be making wise decisions and choices in their life during this historical period so that one day, one day you can look back and say, “Yes. I did something. I tried.” Everyone else, you’re part of the problem. Including myself. “Oh, but I have gold and guns and ammo. I’ll be ready.” This isn’t about you. It’s about the whole of the country. It’s about ideals greater than our individual selves. If you’re preparing for the apocalyptic end times where we’re all fighting for food, good for you. I’ll probably be dead, and I hope you enjoy your life scraping around with the guttersnipes.
Ah whatever. Nothing changes. We’re all content to sit and wait for it to burn so we can tell everyone, “I told you so. I read ZeroHedge so I saw this coming, is that worth a loaf of bread?”
As a matter of fact, I do damn my own cowardice on a weekly basis for not firing the first shot in the next American Civil War and I do believe I will have to answer for that on Judgement Day.
So on one hand, you're absolutely right. On the other hand, be my guest...you first.
Which is why I lumped myself into that category of a "do nothing". My vent is aimed at everyone, including myself. So many espouse violence and, historically, they are considered the aggressors, the villains, the traitors and the assasins. When you're fired on first, then the movement can gather popular support. The Bundy Ranch Standoff became very close to being that moment.
Pursue Article V or continue to boil like frogs:
http://www.conventionofstates.com/solution
and what do you think will change....... for the better. State and now local governments and citizens are just as fascist as the national government. Look at some of the ordinances,,, can't have a garden,,, can't give food to the hungry,,, children can't go outside and play in their yard without constant monitoring,,, can't drill a well,,, can't have a septic system,,, can't collect water off your roof,,, can't go off grid (must have public utilities),,, can't own guns unless locked up and useless, unless permitted,,, forced vaccinations,,, forced fluoride in drinking water,,, the list is endless...............
And even if they did improve something, what makes anyone think they will abide by a new constitution any better than they have the old one?
And besides, most Americans can't spell "article", much less "constupitution".
I think the PICs (Psychopaths In Charge) have made it clear what the end game is: "There can only be one" in the immortal words of the Highlander. I look at the planet as a failed experiment who time is running out. I personally am still fairly far down on the evolutionary scale compared with those who we might call Masters, adepts, advanced aliens, advanced spiritual beings, etc. As such I have little power to effect the current trajectory. All I can do is leave the matrix as fast and quietly as possible while taking care of friends and family. However, we will all soon have some hard choices to make that will tip the scales quite momentously. Such as when they come to vaccinate your child at gunpoint, summon you to court for drawing water from your own well, prevent you from raising organic farm animals because it would cut into Monsanto's profits (TPP), take your child from you because you teach them free will and to disobey tyranney. This is when the line in the sand gets drawn for most of us. I don't know the exact scenario or the outcome but I know the laws of Karma will be utilized. Til then I will work to reduce my own egos and defects and help those that I can.
I want to be polite, but I must be blunt - IDIOT! NEVER NEVER NEVER tell anyone where your lines in the sand are. That way, they never know when to come in ready for a fight.
Those are but a few of my "lines in the sand". However, you are correct sir regarding the broadcast of such. Nothing of the coming conflicts will be conventional.
"There can be only one" Fixdit forya.
There is no way out. This thing will fall apart. I'm planning on taking care of my family, maybe more. No more centralized leaders for me. I read zerohedge for the enjoyment, no other reason.
There is no way out. This thing will fall apart. I'm planning on taking care of my family, maybe more. No more centralized leaders for me. I read zerohedge for the enjoyment, no other reason.
who the hell are you to condescend...you rag on others for doing nothing while admitting you're "part of the problem".
If you wanna lecture the sheeple that badly...create your own blog!
There are actually practical things you can do peacefully that will help not only you and your family, but the overall situation. Eliminate debt. Don't take on more of it. Downsize if you need to.
Debt fuels the system. Reduce your debt, and you reduce the power of that system to control not just you, but others as well.
Downsize. If you have a McMansion, sell it while it's still worth something. Purchase something smaller in a more rural area. Become self sufficient, as much as possible, when it comes to food and other necessities.
I'm not talking about a 'prepper' plan - I'm talking about a future lifestyle plan. If your self-worth revolves around the price of the car you drive, or the brand on your clothes, then think about that and try to figure out why. Try to change how you value your life based on things that don't require debt to acquire.
I'm not recommending becoming a hermit living in a cave. I'm just suggesting that if more of us lived within our means, and spent less to entertain ourselves with 'stuff' that costs a lot to produce, and instead actually used our excess wealth after downsizing to help other people out, then we'd be ahead of the game.
Invest in solutions for housing and food that are more efficient, more high tech, and more personal in scale: tiny houses, Earth-ship homes, automated aquaponic gardening systems.
We can either down-size ourselves into a more efficient, healthy, and sustainable high tech future, or we can passively be downsized as the big players in the debt money game continue to compete over a larger share of a dwindling pie based on outdated, consumption-driven economic models that demand the outsourcing of more and more labor to poorer countries and ultimately to automation.
None of those actions require violence or threats against anyone. They're voluntary and individual, and the more people who chose to do those things, the better chance we all have of making it through this thing.
I suspect that many if not most who comment on this site are fairly progressed along the path you recommend. However, the active dropping out of the Fiat Ponzi Scheme Matrix is an act of Terrorism to TPTB. So though the actions you espouse above appear to be peaceful, nonviolent and honorable, they will not be viewed that way by future SS goons hunting for loot and nonconformers. Plan accordingly.
You're right. If the government outlawed gold ownership at one point in time, then it's not out of the realm of possiblility to think they'd crack down on people who refuse to have mortgages or insist on not financing their vehicles or not shopping at grocery stores and fast food joints - as weird as that sounds.
But the more people who shift to this model, sooner rather than later, the better our chances are of avoiding that eventuality (I hope).
So if you're doing those things, and you're encouraging other people to do them as well - and you're trying to explain to them why it's in all of our interest that they do so, then in my opinion, you're doing a lot more than nothing (even if you do still write witty things on the Internet). You're chosing a path that leads towards prosperity instead of collapse.
And even if that doesn't work on the large scale and we still have to live through a collapse of some degree of severity or another (which has started already, of course), you and the people who listened and acted as you did will still be better off than had you only written witty things on the Internet.
All good replies, and I will take heed...thanks all.
I suppose writing "this is why we own guns" would not be appropropriate, nor for my best interest. :-)
My BB gun could put out an eye tho, so hah! Nah, that wont work, then we hve the weird one eye thing on the pyramid etc. lol ..
and yes, I laugh at my own jokes, nobody else does.
I agree with everything you said, but may I add something? How about maxing your credit cards out to do all you mentioned, off grid, etc, and default on the credit cards? We shouldnt care about our credit rating anyway, because we should not be getting credit.
take loans to live self sufficient, then default on the loans..If greece would have done this, then they would be fine defaulting, because they would be self sufficient.
I dont know what I am talking about...sorry
I've thought about that, and I supose it's an individual choice. The problem is, the people who make the loans have a lot of ways to make you pay. I understand that once you understand how debt based money works, there's a temptation to say - hey, bankers have been scamming us all for years by inventing money out of nothing and expecting that we pay it back, so screw them.
But I'd rather not do that. If I found out my wife had been cheating, I'm the type who would prefer to just leave rather than pick a fight. People can be vicious, even when they're the ones in the wrong, and if people are like that, just imagine what bankers are like.
Or rather than imagine, just ask the Greek people in the weeks and months ahead.
Good answer BL...I know what you are saying. But if I sent an email to chase bank with alot of ones and zeros on it, wouldnt we be even? lol. Great reply tho, thanks.
What are you doing about it other than sitting at your computer and drafting witty and sarcastic comments?
I had my eyes opened a few years ago after reading David Stockman's book, "The Triumph of Politics," which described DCs resistance, on the political Left AND on the Right, to reform, which manifested during his time in the Reagan white house. And given that was in the mid-80s, just imagine how that resistance to reform is ingrained here in 2015. I have no illusions as to the potential efficaciousness of any of the presidential candidates on the Right. It no longer matters who or how zealous the next President is in pushing back the tide of decay and corruption. The Bureaucrat, Bank and Lobbyist Class now have firm control of our system of government. Some analogize our largely meek and oblivious populace to a frog in hot water. But I think the 'how to catch a wild pig' analogy may be more appropriate, except with bread and circuses joining scattered food in a forest clearing. We are the pigs and our obese bureaucracy is the sly but lazy miscreant encricling us with sections of fence. For most of us, currently our lives remain relatively and sufficiently comfortable to be willing to 'act out' in a singular manner. And in any case, there must be a sufficient build-up of frustration and anger for events to ignite from a singular action. Are we there yet? I don't know. Maybe. It only required a frustrated one-third of the colonial population to get the first revolution underway. Would a two million person march on DC be worthwhile? It would at least get DCs attention, but after the Capitol Mall is swept up - who knows. Politicians have short memories, just like the populace. I do like Mark Levin's call for an Article V 'Convention of States.' But is that feasible? Again, I don't know. Ultimately it will come down to what sort of Wild Pigs we are? Are we ignorant self-absorbed pigs who give no regard to the condition of the enclosure in which we are imprisoned, so long as OUR most basic needs are met by the jailer? Are we prescient pigs with a burning desire to remain masters of our lives (and wish the same for others) who will act before the last section of fence is erected - despite certain ridicule as 'reactionaries' by other 'sounder of swine' members and push-back from the jailer-class? Or are we docile (due to distractions and comfort) pigs who, after encirclement, then rise-up to assail the fences in a desperate attempt to escape? Most likely a third of the populace resides in each category.
http://www.snopes.com/history/american/pricepaid.asp When the fight is forced upon the common man, I have no doubt that he will respond the same way as the people referenced in this essay did.
You can do better..snopes is an opinion blog.
RIPS
Lincoln:
+1
You ask the average person on the street questions like, why does DHS have a $60 billion annual budget? Why are these guys sitting on 2 billion rounds of 40 cal hollow point? Why do we have a massive domestic surveiliance program? Why is the executive branch writing legislation and selectively enforcing it? They will accuse you of being a crackpot.
The problem with doing "something" is that superficially speaking, things haven't gotten bad enough yet for most of the sheeple. We still have the Kartrashians, NFL, and world cup, etc to mesmerize them. We still have SOME decent jobs here. Give the sheeple another 10-20+ years for social programs to get completely gutted, healthcare system to be destroyed from within, all of the decent jobs to be off shored via TPP along with increased inflation along and increased corruption (yes, corruption can and WILL get worse than this) esp. at the fed level.
Cental Banks have the money, so they are welcome to the happy party.
Central Banks have no money.... They counterfeit everything.
You are correct that they are welcome to the party so long as the other party goers accept their crap.
Just as the NY Fed shorted the VIX in late February and "all the sudden" there was no market volitility (like magic - it vanished) despite the wild swings of 1/2%-1.25% on any given day...2-3 days reprive seems like a good time for the bank to "pause and reload" as speculators are taken to the cleaners.
Maybe the Constitution should say that only gold and silver is legal tender for payment in this country. That should fix everything.
Oops! It already says that. Ignore me.
All I want for Christmas is one of those used-US Treasury printing presses and some $20 plates. Problem over. I'll share with everyone here, except trolls.
Money is not the key to happiness; happiness comes from relationships built on love and trust and compassion...something our society lacks in many ways. This is no surprise, for as it is written, "Because lawlessness will multiply, the love of many will grow cold". In the context, the lawlessness is a direct reference to our inherited sin-nature or "bent" away from that which is Holy, Just and Good. As our nation has become more "hostile" toward the things of God, we have increased our lawlessness and this puts us further down the pathway of self-destruction.
------------------------------
For it is also written, that "God delivered them over to a worthless mind to do what is morally wrong. They are filled with all unrighteousness, evil, greed, and wickedness. They are full of envy, murder, disputes, deceit, and malice. They are gossips, slanderers, God-haters, arrogant, proud, boastful, inventors of evil, disobedient to parents, undiscerning, untrustworthy, unloving, and unmerciful." IS THERE ANYONE WHO IS NOT ON THAT LIST A MULTITUDE OF TIMES AND WAYS?
-------------------------------------
The phrase "God gave them over" is used 3 times in Romans 1:18-32 and it goes from the lessor to the greater and is His judgment upon a nation, a culture and an individual...it application can apply to each. God has never destroyed any nature or people without first making Himself known and rejected either directly or indirectly despite what people have been told.
Money is not the key to happiness;
My kids asked me three weeks ago, "Does money buy happiness?".
My answer confused them, I said "It buys options.".
And that's all it buys. If you want options like:
1. Where you want to live,
2. How you want to live,
3. Where to send your kids to school,
4. Where and if you want to work....
Money can give you several choices for each of those. You got no money, you got no choices.
Squid
Or maybe to limit the power of the Federal Goverment and the courts, it should say something like this:
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people."
Yah, that would be a GREAT idea, it was stop the feds from continually granting themselves new powers.
Wait a minute.....
Squid