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30Y Yield Tops 3.00%, Highest Since Fed Folded In September
As we noted earlier, the market is starting - it appears - to take The Fed seriously...
Gold & Oil have recoupled with Sept FOMC levels, EUR is lower, S&P higher...
Charts: Bloomberg
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That's just China selling treasuries to free up cash to buy equities
and the Saudi's converting treasuries to gold?
Looks like I was right about new lows in G&S....get ready folks
ready for what...?
r u that concerned with the phony paper price?
im not sweating u im just askin' given the FACT that all ur witnessing is bullshit and paper illusions...
when an ounce of Silver reaches parity with a $1 Federal Reserve Note in terms of PURCHASING POWER then it might be time to scream "the end is near..."
Vets aint shaken by this blantant and obvious nonsense....
just sayin man......
Yes I AM sweating the paper price, sorry but I need Federal Reserve notes to live. It should be 50-100 an ounce right now. In case you didn't notice we use the $ to buy things still in America. Until that ends, I will continue to sweat the paper prices. When / if that ends I will king of the neighborhood, but until then I will be poor.
Read 4 what? Single Digit silver and triple digit gold.
You will indoubtly say, awesome, more for me. But I will say, no, none for you as you and I all contiune to go poor thanks to what's happening. We will be bleed out and forved to liquidate at super low prices to survive. Then after the big banks gobble up the stuff on the cheap it will go to super highs and we will be out of luck. Sorry.
in case u havent noticed the dollar has lost 98% of its purchasing power...
and in case u havent notices a $1 dollar Federeal Reserve Notes STILL cannot purchase a Silver Eagle with a face value of $1..
as a matter of fact a dollar cant buy u a fucking bag of chips butg ur sweating Silver at fucking 15 debt coupon dollars????
oh i get it...u were investing when u bought Silver or Gold not attempting to protect ur SAVINGS and its PURCHASING POWER....
well, theres always TWITTER, FACEBOOK, or SNAPCHAT.....
"With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state," Abbott said when he signed the bill. The depository won’t just store state gold and other precious metals. The law requires that individual customers, and even school districts, be allowed to open accounts. Capriglione has described it as a bank that doesn’t do any lending. With few firm details in place, the project is drawing a wildly eclectic range of proposals, some more ambitious than others.
“We would build a 46,000+ square foot independent depository; a monument of the state of Texas,” wrote Texas Precious Metals, which runs a private bullion depository in Shiner, Texas. The company offered to construct a facility with 12-inch-thick reinforced concrete walls and a roof designed to “withstand the weight of a Boeing 767.” Yet some larger corporations, including armored car giant Brink's, argued that the state doesn’t need to build anything to launch its depository. “Brink’s has several secure branch locations in the State of Texas so we would look to utilize existing facilities to provide the vault storage services,” the company wrote in its response to Hegar.
Las Vegas-based Anthem Vault proposed “multiple vaulting locations throughout Texas to enable all Texans access to their bullion within a reasonable distance from their homes.” The company also offered to set up a network of “coin shops and retail storefronts” to accept deposits on behalf of the state depository. Some supporters of the Texas depository have framed it as a challenge to the U.S. Federal Reserve's control of the U.S. dollar, a view with a long history among the state's grassroots Republicans. Former Texas Congressman Ron Paul is often viewed as the leader of a national campaign to have the United States return to the days when the dollar was pegged to the gold standard. At Wednesday’s Republican presidential debate, U.S. Sen. Ted Cruz made a similar suggestion. "I think the Fed should get out of the business of trying to juice our economy, and simply be focused on sound money and monetary stability, ideally tied to gold," Cruz said.
Several of the submissions to Hegar's office suggest that some companies are infusing their visions of the Texas Bullion Depository with unique political views. “We here are in full support of Texas and their efforts to restore and defend our Constitution of this Republic to these United States of America,” wrote PMB&V of Spokane, Washington, which markets a Precious Metals Access Debit Card.
Texas Precious Metals predicted the depository could serve as “a unique alternative to the federal monetary system” in the event of a banking crisis. Toronto-based GoldMoney, which quoted Paul in its submission, went so far as to argue in its proposal that Texas “develop a legal strategy to defend its constitutional monetary rights and obligations.”
Wrong, I did bought it as insurance - but soon that will have to used at basement prices in order to survive. Insurance is sometimes needed at the wrong time. Sorry to be the bearer of bad news. Get ready folks.
dont be sorry...
just get rid of all ur soon to be worthless Physical Silver and Gold like the Russians, Chinese, Indians, and the rest of us who understand that Gold and Silver r the only 2 forms of real money...
and then buy Stawks cause they can only go up from here!!!!
In case you don't realize, I am on your side. Also, I am smart enough to know they are winning and have unlimited resources to win.
exactly what r they winning at???
winning at convincing u that the REAL VALUE of Silver is $15 paper pieces of debt???
winning at manipulating markets in order to crush ur spirit and undermine ur convictions???
maybe theyre winning with u but they aint winning shit with me.....
war aint for the faint of heart and spirit man...
but all respect due to u...
it aint personal...
God Bless Texas.
That is all.
also in case you haven't noticed the same criminals who print fiat paper money print my fiat paper passport, which can be revoked at any time, which means I will never be able to get the fuck out of this country when SHTF. Sux for me
Man, oh man. This is going to be a yuan-shot if this is to be.
round and round we go....do the .1% have more than the 99.99% yet? Are all Savers dead yet?
30% might be adequate compensation for the risk.
WTF market are you talking about???
The only buyers of longer bonds since July '11 have been the Fed, the BLICS, and Japan...none with any dollars to recycle into Treasury's...
So, it's either BLICS and Japan to the rescue or ???
All layed out in the link below..
http://bit.ly/1Q8QftS
+1. It's a central bank market. There is no price discovery, only bankruptcy protection. To that end, actions and charts only reveal central bank desires, through which their hope is to change perception by the public. Won't work this time. Anyone who has been in the markets longer than 15 years knows this just ain't right.
Since July '11 (US debt ceiling debacle), not just China but most natural sources of dollar trade surplus' (BRICS, OPEC, domestic public (US banks, pensions, insurers)) have decreased or entirely ceased buying Treasuries. And on a general slowdown and/or abandonment of the US Treasury market by the largest buyers, US interest rates have not only not risen...but fallen by a third?
The pivot by BRICS, OPEC, etc. turning away from US Treasuries to initiate and maintain ongoing physical gold purchases coincided with a simultaneous and ongoing collapse in the price of gold (gold's price peaked in July '11 and has fallen by a third since?!?). Suffice to say, when the price of something collapses on ongoing record (physical) demand and the price of something else (deepest and most liquid asset in the world???) rises on a collapse in demand...these are not free market responses. When the largest and most fundamental markets act contrary to supply and demand...when the cornerstones of a market are seemingly removed...the validity of the market signals in general and the price vs. relative worth of these things are clearly up for debate.
The link lays out China's situation as the last (now failed) bastion of growth and the trigger mechanism changing everything.
http://bit.ly/1Q8QftS
Until headbanger returns for the MOOK!! ramp to a guaranteed December hike, I ain't buying anything...
zerohedge = MSM
yields are going up a bit because NY FED and primary dealers are doing their HFT algo thing on futures to push yield curve steepening - to the benefit of themselves.
Why would the dealers try to steepen on the long end when 30yr that they're holding would hit the shitter? Or are they shorting long end like Goldman did in Sept. 2012 morning of Fed $40 billion QE announcement?
It is all about "Which minority" will rule us, the wall street, the military industrial complex, gay and transgender etc., the big corporation etc.
Bond yields are rising because the Fed is weak and monetary policy is too lax. If the Fed tightened, long bonds would rally and the yield curve would invert. That, in turn, would hit stocks. Therefore, both stocks and bonds are, at the moment, telling you that the Fed is not going to move. Gold is getting hurt primarily by the strength in the dollar plus, I suspect, central bank selling.
remember this?
http://www.businessinsider.com/gary-shilling-30-year-bond-2-percent-call...
now what about that funds rate?
As China stops buying, expect Goldman et al to take their discount window cash, turn around and buy treasuries at 20+ times RoR, sell the fuckers to idiots for a facial discount, then laugh at the rest of us who work for a living.
OK so if the NYMEX has not delivered physical gold in over a year, then who is? And at what price? Somebody is taking possesson of gold somewhere. And if there's nothing at Fort Knox except a few cannisters of VX and no gold at the New York Fed, then where is the gold? In a warehouse in Jersey City?
Please help