Bonds & Bullion Bounce But Banks Bruised And Bitcoin Bloodbath'd

Tyler Durden's picture

It appears China chaos is finally starting to spread. Liquidity freezes and currency spikes...

Offshore has exploded higher - erasing all the losses post-Trump...


We get the feeling this is appropriate...


The USD Index is getting hammered...biggest 2-day drop since June 2016


China comments sparked a bloodbath in bitcoin...


And Treasury bond yields have plunged... (how do you say "policy error" in Chinese?)


ADP's miss this morning seemed to spark a less exuberant tilt...


For the 3rd day in a row, stocks dumped into the European close and ramped after...Once again today stocks rallied into the close and VIX was pressured lower but Dow 20k remains elusive (perhaps the machines can make it tomorrow on payrolls print)


Nasdaq rallied on the day...


...but Trannies slipped back to unch on the year... Nasdaq record high


Trump had some notable effects on Time-Warner, Toyota, and Mexican Peso...

NOTE the last chart above - as Banxico intervened early but was stymied by Trump tweets pushing the peso back towards record lows.


The dollar weakness was dominated by Yuan strength...


The entire Treasury yield curve is now lower in 2017 with 30Y collapsing...


Silver remains the year's biggest winner (with gold close) and crude just in the red for 2017...


Crude tumbled on inventories data then rallied on two headlines saying that Saudi production cuts were happening...


Gold is up 9 of the last 10 days...

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Bay of Pigs's picture

Hi Ho Silver and Gold Bitchez!!!!

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) Bay of Pigs Jan 5, 2017 4:10 PM

Nice try... Bitcoin climbing back up to $980 as we type.

Bay of Pigs's picture

Good for you. I was referring to the PMs gains in the post. I know you don't read any of them but I thought I'd mention it anyway.

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) Bay of Pigs Jan 5, 2017 4:20 PM

PMs? Like paper mache?

Mr. Universe's picture

Jack Burton: I'm a reasonable guy. But, I've just experienced some very unreasonable things.

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) Mr. Universe Jan 5, 2017 4:49 PM

I probably piss more people off here than the "schlongwave" people and I'm not even getting paid!

Acidtest Dummy's picture

You pretend to be prolific but unpervsausive bitcoin shill but you act as noise. Your many posts are liminally distruptive while rarely contributing to the discussion. Evangellicalism replaces reason becuase you don't comprehend your true predicament: a fiat economy. You will come to the attention of the authorities (and one of the Tylers will ban your account,) but when you find what you are seeking we will all laugh.

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) Acidtest Dummy Jan 5, 2017 5:31 PM

Oh yes, your "discussions" were bearing such wonderful fruits weren't they? "I got some great freeze dried beans at the K Mart". "Gold and PVC pipes bitchez!" Bunch of regular every day Schopenhauers I say!

Dame Ednas Possum's picture

Ahhh.  Dufus Douchebag the Turd. 

A boring little butt-sore bitch of epic proportions. 

Of course you think you're a witty, shrewd investor... whereas the majority see you as an annoying itch. 


I propose a campaign from this point forward that simply ignores this pathetic, whiny nonce. 

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) Dame Ednas Possum Jan 5, 2017 6:11 PM

Go ahead, you were committed losers at $5 BTC, you are still at $1000 BTC and you will still be at $10,000 BTC. I hope I've thoroughly annoyed the hell out of morons like you! The team is not lacking without your involvement and we are going to take it to teh limit!!

NoDebt's picture

I have a sneaky feeling it wouldn't be his first time being banned from here.  

So which are you?  Satoshi?  Fonestar?  Out with it.  

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) NoDebt Jan 5, 2017 5:33 PM

It's kind of funny that for you guys the Bitcoin universe consists of:

Satoshi, fonestar, Max Keiser, Winklevoss Twins and that Overstock guy.

NoDebt's picture

It irks you I figured out who you are so quickly, doesn't it?  fonestar with the proper lower case 'f'?  Gotcha.


Acidtest Dummy's picture

It reminds me of a chatbot ai, but rather than an AI it is an AS (artificial stupidity) ZH is infested.  ;)


Dragbin gets ass raped again.

Like 2012 all over again.

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) SILVERGEDDON Jan 5, 2017 4:43 PM

I was? Care to explain dumbass? Most of my coins were purchased under $100 and the last few Bitcoins I bought were around $800.


You still owe Revenue Canada some capital gains tax.

Once Justin Trudeau is done with you, your financial ass is gonna be a cross between a wind tunnel, and an echo chamber.

Maybe you can collect money from people yodelling down your crack to hear the echo.

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) SILVERGEDDON Jan 5, 2017 5:35 PM

Did I sell any Bitcoins for profits within a registered financial institution? No I did not. Another reason to not listen to fake financial advisors OR fake legal experts on the Internet.


" I love the smell of butt hurt fear in the morning. It reminds me of victory. "

Raffie's picture

You bet on the PM.

Bitcoin is getting beatup which is good because when I get the accouint setup it will be cheaper. 

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) Raffie Jan 5, 2017 4:13 PM

Cheapcoinz(TM) are good! But what account do you need? Whatever it is, don't leave your coins in there!

Clock Crasher's picture

Hi Ho Silver and Gold Bitchez!!!! -Bay of Pigs

GDXJ +8% = JNUG+25%

GDM +5&1/2% = NUGT+17%

Kicked your FUCKING ASS

please note do not buy and hold leverage products.  Doing so may result in 10 baggers.

Bay of Pigs's picture

Nice job. I follow Eric Dubin (Flying Wombat) who posts here and at SilverDoctors and he called the bottom in JNUG perfectly.

Clock Crasher's picture

when it was down in the 4's I thought... here is the blow-sell-off bottom or there abouts

picked some up below 7

originally put in an limit order at 6.66 but quickly chickened out yesterday a.m. and bought about market before she could print 7.00

jeff montanye's picture

would you rather have the promise to pay you nothing, and then some, or have some gold?  or, possibly, silver?

that's the trade: january, 2017.

i'm metal.  all in.

Clock Crasher's picture

i'm metal.  all in.  -Jeff

Time to take a stand if you have not done so already.  Next crisis is going to be of the currency variety.

Mr. Universe's picture

I have home owners insurance, costs me an ounce of gold a year. I also have car, life and health insurance. Do I need to send this expense down the sewer most years? Yes, in order to protect against a more catastrophic loss. Do you need to own PM's? No, unless you have assets that you would rather protect than leave at risk to the vagaries of the financial markets?

My imagination sets before us an end time scenerio where the smoke has cleared, the dust has settled and everything is in ruins but mankind survives. Maybe not today, but someday soon, someone will trade me a piece of silver for something I need. Bitcoins? almost too funny for words, and people buy them? Hillarious.

BabaLooey's picture
"Bonds & Bullion Bounce But Banks Bruised And Bitcoin Bloodbath'd"

A 9.5 score from BabaLooey on that clickish banner Tylers! Bravo!

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) BabaLooey Jan 5, 2017 4:28 PM

When Bitcoin gets bloodied it gets angry!

Dr.Carl's picture

Do you see it going down from here?

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) Dr.Carl Jan 5, 2017 4:47 PM

In the short-term maybe. I'll tell you though, if Bitcoin goes down to $600 I will be back in there like a slimy crypto shirt!


Dragbin, you gonna get back doored by the ghost of Fonestar.

HokumYTrader's picture
HokumYTrader (not verified) Dr.Carl Jan 5, 2017 4:51 PM

I see you going down on SteveTexie.


" Buh teh fewkin bitcoins, stoopid Hedgies ! Satoshi Preciouses is goings to teh moonses ! "

Broken Dragbin, all over again, like a fucking parrot on speed dial.  

Rainman's picture

A trader's dream... to become the King of Debt's tweet writer.

alexcojones's picture

Love all that Alliteration Tylers.

BitCoin Bloodied or Bounced? Like the Shitcago Four?

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) alexcojones Jan 5, 2017 4:11 PM

So you are rejoicing in what should be a natural ally in the war against bankers losing ground?

Raffie's picture

There going to be ups and downs man.

Lots of things going on till one day the dust settles.

jeff montanye's picture

watch for me then, i'm old.

did they ever figure out 9-11?

Raffie's picture

Putin did 9-11.

They just can not figure out how to prove it.


No, Dragbin - rejoicing that Shitcoin took a dump and scared off some muppets before you pounded a few more Satoshi Surprises up their asses. 

Knowing your net worth just took a round house kick to the nuts is a bit heart warming as well................... 

The Saint's picture

PMs? Like paper mache?

So you are rejoicing in what should be a natural ally in the war against bankers losing ground?

Double talk from the Bitcoin salesman.

AlexCharting's picture

I got 45 different positions live at the moment, and the peculiar thing is that both typically bearish and bullish positions thrive side by side.... something’s gotta give. King of the hill are my NUGT calls with 518% gain since inception (23. dec.). 

NugginFuts's picture

how's the DMA looking now? I'm net positive on all my "long" miner holdings but this climb seems almost too rapid to be sustainable. I expect a monkey hammering is imminent. 

AlexCharting's picture

DMA's are strong. I only sell after I see weakness, and I then flip to puts. 

NugginFuts's picture

haha yeah I got tired of waiting for your response and looked for one on my own... Some are calling it "Overbought" but I'm thinking maybe this has some room to run, given how far it fell.