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This Is Getting Ridiculous...
Post-Greek "Deal", stocks have soared in an incessant volumeless ramp. At the same time, and with heavy volume, the long-bond has been aggressively bid...
Buy it all... as it seems all considerations of rate hikes are gone and the market is increasingly convinced that another round of QE is on the way.
Charts: Bloomberg
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Then How the fuck is Gold not over $2000.
It's complicated.
Whoever is buying physical is crushing paper to get a better price. Gamesmanship at its finest.
Then How the fuck is Gold not over $2000.
If your only prize were a fiat currency that other nations financed your military with, trade oil in, conrtrolled foreign banks with, and you could impose sanctions with, then you'd crush the only true competitor too.
Gold is money, always has been, always will be. But during unprecedented ponzinomics, it will be crushed to make the US dollar look better than it really is.
Desperate times call for desperate measures. Ya, it's complicated, but not really.
More like it´s manipulated.
If there's a Goldcore or Phoenix Capital article, or if Zero Hedge is churning doom porn, buy any and all equities until your hands bleed.
Don't forget Jim Sinclair, The Economic Collapse Blog, or The Golden Jack Ass - Jim Willie.
But I actually like all that shit and pay very close attention to it...Just because what they say is "early", sometimes by years, doesn't mean they are wrong. I do think they will all be right eventually, and maybe even by Sept. 15th when the Shmitah of Doom hits us all along with Planet X. lol
But your comment still cracked me up.
The shit is still definitely going to hit the fan in a big way much sooner than later though...I'm prepping my ass off for it best I can, so we'll see how it goes after the Great Monetary Reset happens.
Isn't there a chart that shows that the price of gold correlated with US Debt for a long period of time? Based on that chart and assuming $17 Trillion of federal debt, the price of gold would be $1,700. What's that, you say when entitlements are included the US federal debt is over $100 Trillion?
Yeah.
http://inflation.us/wp-content/uploads/2015/02/goldnationaldebtcorrelati...
More: http://inflation.us/golds-correlation-coefficient-to-us-national-debt-si...
that's OK because in the end All Losses due to Hammering Down the POG will be put on the I.O.U. Tab of The People/Taxpayers...as usual
Complicated? Is that a new word for fucked over?
Yellen is bluffing and the market is calling it. If the FED were to hike, even the slightest, they will get blamed for the crash. When you make a deal with the devil, expect the worst.
Actually, it's not. No debt relief for Greece means the accumulation of debt continues and central banks provide the "liquidity." Asset inflation, pure and simple.
u know why...
M _ _ _ _ _ L _ _ _O N.
Sorry, I'm an idiot. Can I buy a vowel or two?
I think it's MELON but with a couple of extra spaces in it.
DavidC
M A _ I _ U _ L_ _ _O N
"May I Buy Lehmon"
"Maxi pub Lemmon"
"Magic Up Lipton"
"Man I sup lichon"
"MOST SINCE LEHMAN!"
Maybe it is a function of the people's faith in their respective governments - its day will come. Patience is a virtue.
they want you to sell it. And when you do. It will skyrocket
Gasoline is headed to under two bucks a gallon down here shortly.
Energy costs in the USA (including electricity) could fall quite dramatically if solar panels start popping up all over the place.
Profits on Wall Street have never been higher...definitely a lot of room to grow jobs and incomes.
I just don't see the inflation everyone is talking about.
That's not true anywhere else in the world right now.
In simple terms:
We're all in now. There is no in between. There is no true price discovery. There is no 'canary-in-a-coal-mine' (unless you're listening to vintage Police...) There is: Inflate or Die.
http://urbansurvival.com/gold-heads-toward-1000/
It's rigged
It's Google results today - did exactly the same on the last set. crApple is next Tuesday 21st. Given the 'success' of the iWatch (sic) I fully expect the same on Tuesday. Rigged? Never. Take all the stops out with HFT, position for the move down afterwards, rinse, repeat.
Last night NetFlix was a prime example - there's no way a human trader would have ramped the stock up like that.
My only consolation is that when this blows, and it will, the HFTs will 'STOP' as they did during the flash crash and there will be no bid there.
DavidC
But then of course there will be a "technical glitch" in the market. There is still 0 risk in the stock market - it either goes up or breaks until the PPT can get into position. As convinced as ever that it will go up until the day they shut the whole thing down
I'm losing money 'trading' this market (as, indeed, is a friend of mine who's been doing this a lot longer than I have) - I've got my little stash of PMs though!
DavidC
Or it gets shut down on them.
How? If things get out of control they will have a "glitch" and roll Yellen out to announce a new QE. That won't stop until (i) an uninformed public loses faith in the banks or (ii) there are food riots due to inflation. Those are the only two things I see that could shut this ponzi down. The oligarchs didn't know what was possible to shove down the throat of the public in 2008 - they are well aware now. They'll have people begging for more QE
+1M
It's the Fed and endless pumping as well as pushing the metals down.
Audit the Fed.
END THE FED!!!!!!!
Kill the MoneyChangers....
not ridiculous - the "market" has been transformed into a measure of the effectiveness of the can kicking
WTF!!!! I thought Greece didn't matter???
This is treason. Hang the FED
Normally OPEX pinning takes over at this stage, within 36 hrs of FRI's close, and you'd think big players' desired strikes would be closer to the 20 or 50 DMAs, not here in low-volume, Yellen no-man's land. So, that would argue for a post lunch rollover toward those targets, but how many times have we seen conventional wisdom dashed in 2015?
Six.
Heh-heh, have a feeling we'd get along, if you're ever in Ohio, the coffee, or perhaps a stronger beverage, is on me
Thanks! I'm across the ocean near the action at the moment, but I'll keep your kind offer in mind.
Dash convention 2011,2012,2013,21014 while your at it... Dash until it hurts, then dash some moar. Dash me once shame on me,.... just don't keep on dashing me. Dashing with the stars, I could go on and on but my isanity is showing.
"Laughing stocks."
Quince Edwards loves Greece, low rates, and stocks.... Nothing else matters, Edwards will provide an all time high for each and every "Crisis" and there are plenty moar to come.
Markets display A Verticle leap of faith, it looks so real!
America is a true superpower, dollar up, stocks up, bonds up.
Agreed - similar to Barry's 4-fecta over the past 60 days... It is only when one is riding so high in the saddle that he doesn't notice the arrow which just pierced his prized battle horse's lung.
Can we make it to 2150 SPX by close July opex? VIX with a low 10-handle, etc.
....and the VIX and UVXY go quietly into the night......losing my ass like NEVER before!!!! ;(
Not to get too occulty or spiritual or conspiratorial or outright paranoid on you all, but.....could this all be TPTB buying time for the September quintuple play of Shimita, 4th Blood Moon, Rosh Hashana & Yom Kuppur, Pope visit and probably a bunch of other stuff I've forgotten? The end of the 7th cycle of 7 year cycles? Obviously this can't hold on forever, and those "in the know" can all be playing along until, suddenly, none of them are. Thoughts?
What she said.
Take this party train to the moon!!
The Moon...? How about the Eagle Nebula...
Think I'll just go to Greece and score on some of the best deals in history.
While I am no financial expert, I did not realize that bitch slapping Greece was the formula for economic euphoria.
Those deadbeats need to pay their damn taxes!!
http://www.globalresearch.ca/german-company-is-top-tax-evader-in-greece/...
Friend of mine says he looks forward to marital squabbles because they always end up in "make up sex." This is like that.
Every Greek default near miss that is avoided fuels a resurgence to "new highs". Stawks are an illusory extension of false sentiment. Greece is toast...time is the only variable left in the equation.
The CBs are desperate. My gold and I can wait them out.
Should we infer that Tsiparas and Schäuble are having a Broke Back Mountain moment?
Colorful imagery, but he may have been speaking metaphorically about markets, in which the make-up proves strangely unsatisfying, leading to an extramarital affair in which much gold jewelry is purchased for the mistress to keep the potential scandal quiet.
Concern for a yield spike is gone.
Nice square wave function on the SPX - fed 15m ramp and hold at the open. Trading day ends at 10a.
Hurry up and die yellen.
And more and more ridiculouser. But as they say, "The market and stay ridiculouser longer than you can stay solvent ... ya ya whatever."
The game hasn't changed. Central banks are in control, want stocks to go higher and will do anything to make it happen. Their sole unspoken mandate is to get stock prices up at all cost.
It is obvious to any sane person that interest rates should not be anywhere near zero 7 years along unless one wanted to create the mother of all asset bubbles.
And ZH should stop playing the game and quit reporting final stock prices. Seriously, stop reporting the indices' final numbers, quit covering them completely. Anyone with a brain could have predicted this was going to happen 3 years ago. I said the stock market would never go down in a meaningful way again at businessinsider 3 years ago. If a major sell off began, I said, they would shut down the exchanges and ban the sale of stocks. Well....okay, China did it first, but well.....ZH should stop being reactionary, stop playing their game, talking about the stuff they say is important. I also called this place a "protracted breathless countdown to slavery." Gotta step up and do more, ZH and people.....It's so obvious to everyone that there ain't one cat here who will kick over the moneychanger's tables. Waddup with that?
And ZH should stop playing the game and quit reporting final stock prices. Seriously, stop reporting the indices' final numbers, quit covering them completely. Anyonw with a brain could have predicted this was going to happen 3 years ago. I said the stock market would never go down in a meaningful way again at businessinsider 3 years ago. If a major sell off began, I said, they would shut down the exchanges and ban the sale of stocks. Well....okay, China did it first, but well.....ZH should stop being reactionary. I also called this place a "protracted breathless countdown to slavery." Gotta step up and do more, ZH and people.....It's so obvious to everyone that there ain't one cat here who will kick over the moneychanger's tables. Waddup with that?
short interest on TLT is 53%
just bought back my tax frees, after a very nice pullback. puerto rico gets bailed out at some point.