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Copper, Crude, Credit Crumble As Stocks, Bond Yields Tumble
It was all looking so good...(thanks to Dennis)
Who could have seen this coming?
So, if the 10 Year breaks below 2% today and stocks resume their slide, thank Dennis.
Charts: Bloomberg
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Running for safety where there is none. Suckers...
same as it ever was...
But, but, but they keep insisting Treasuries are 0% risk weighted asset. Obviously something is very wrong with your statement.
/s
I think the markets are starting to cannibalize themselves since a lot of investors are pulling their money out. Watching the ticker the last couple of days, I think the algo's are being reprogrammed to counter-buy other algo's, should be fun.....
I think Dennis Gartman is a tool.
I think your thought is thoughty.
Looks fine to me, keep dropping down to 0 where you belong.
It's more evidence why we all need to vote for Trump. If he were in office now those charts would be zooming!
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And in other news today, markets close off their lows...
yeah right...the REAL PRICE of Silver is $14 and change...
FUCK OFF...
"The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime while sending U.S. buyers racing abroad to fulfill a sudden surge in demand.
The U.S. Mint began setting weekly sales quotas for its flagship American Eagle silver coins in July because it can't meet demand, and the Canadian mint followed suit after record monthly sales in July. In Australia, the Perth Mint sold a record of more than 2.5 million ounces of silver this month, nearly four times more than in August, and has begun rationing supply of a new line of coins this month, a mint official said.
"Silver [coin] demand is absolutely through the roof," said Neil Vance, wholesale manager at the Perth Mint. "There seems to be a bit of frenzy as people think there is a shortage of silver. But in fact it is a (crunch in) manufacturing capacity."
While demand has risen in response to the slump in spot prices to $14.33 an ounce in late July and its subsequent drop to fresh six-year lows below $14 an ounce in August, mint officials also said they were caught out by the sudden interest in coins. In July, the U.S. mint halted sales for almost three weeks after running out of "blanks", which are used to make coins.
Some investors like to own physical metal to protect from volatility in other assets, particularly currencies and stocks, and to hedge against geopolitical and economic upheaval. The CBOE Volatility index, or VIX, of U.S. stocks - popularly known as the "fear index" - briefly jumped to its highest since January 2009 earlier this year.
At the U.S. Mint in West Point, New York, where the American Eagle is made, the plant is operating three shifts and paying staff overtime, a spokesman said.
The Austrian Mint, which has begun allocating sales of its Philharmonic silver coins, has increased production of silver blanks after higher-than-expected demand in July and August, a spokeswoman said.
In his 35 years of dealing precious metals, Roy Friedman, vice president of sales and trading at Manfra, Tordella & Brookes, one of the biggest U.S. wholesale coin dealers, said he could not recall seeing a squeeze in supplies of North American silver coins spilling over to coins made in Austria and the U.K. to the degree seen this year."
http://www.reuters.com/article/2015/10/01/us-silver-collectors-idUSKCN0R...
Keep stacking while it's on sale.
i have plenty of unrefined scrap silver...which i will not sell into the market, or not even bother refining...at these prices.
Gee...i wonder if the Mining Companies and the Major Refineries have the same attitude?
Keep stacking. Even unrefined Silver has value.
page not found.
http://www.reuters.com/article/2015/10/01/us-silver-collectors-idUSKCN0R...
I wonder why Reuters doesn't have coments.
New way to improve investment skills http://www.decisiveinvesting.com/blog/motivation/easy-exercise-which-doubled-my-motivation/
This drop confirms the fakeness of the bullish reversal yesterday and is raising up fear levels for a nice capitulation.
Gold is down .10 cents. ...... Winning.
Wait you mean yesterday wasn't real ??? And they have a full 90 days to run the Ponzi again for 4Q. ...... It's amazing it keeps going , but I guess enough people have to keep dancing while the music is playing. ...tap.tap.
I always thought Gold and Silver went up when yields went down. Guess not. For some reason. I am getting dumber. As I get older. (Or maybe the criminals are just getting more desperate.)
its because only fags buy bonds. and this market is gay as hell.
Sheesh I went to bed +132 futures, wake up -163 hmm.
Don't bame Dennis; it's obviously wizteknet's fault for going to bed.
About to go back, what you talking about! After this beer
can someone explain to me how is itpossible that 2015 1oz gold coin is sold by usgov at 1550 while you can buy that same coin at 1120 on other commercial sites? who buys coins from US GOV and then sells them cheaper?
Maybe those are 'proofs'.First strikes always sell at a premium.
Collector quality.
Beat me to it Winston.
...
What you're seeing from gov. site is a mint "proof".
These are stamped from a fresh "Die" and should be flawless.
The dies are only good for so many stamps before wearing out.
No way they get any index green by EOD. The fear trade will proceed further.
I once underestimated the power of the PPT....once.
You just may be proven wrong.
Its been a hell of a party and they managed to keep it going way pass closing time and the hangover word was forgotten but you can't change the paradigm, party - hangover - what goes up comes down.
Funny how commodities are still tied to world's economies. Shit's bad, commodities tumble.
Dear central banks, this is the shit that happens when you pull all the world's future purchases forward with cheap ass debt, and Peak Debt is a bitch, ain't it.
And Saudi's flood the market with oil too, don't forget... Funny part of it all Iran is coming online! Sure Iraq, Niger & Kuwait full steam too.
huh, and the major global markets yearly average is only down 18% today when the past few days they have been blood red- 60%
guess they have some catching up to do.
Bonds are safer than stocks.
oh - oh...Glencore, Noble, Trefigura must be farting dust right about now.
One more notch downgrade and the party starts gettin' rough.
HYG preparing today to make a 7 year low here may be a frontrunner in the bond and equity race to the bottom: as world revenue and price declines continue, a rapid-onset bond crisis/collapse can pull the magic fed rug out from under high-flying equities:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hyg&insttype=&freq=2&show=&time=13
time to start glueing silver rounds
on the old lady's cat again ....
Screw this market and all its overlords. I hate them all!
But, but, butt.... The fundamentals of everything are sooooo strong. We have hope, change, recovery, grass shoots, liftoff, the reassuring voice of Yellen and only 5% unemployment. Things never looked so good! The MSM said so!
Is a /sarc tag even necessary?