Gold Spikes To 5 Month Highs; Stocks, Bond Yields Sink As US Begins Syria Operation

Tyler Durden's picture

While the initial reaction to Rex Tillerson's statements was relatively understated, the actions of tonight have sparked a much more considerable move in stocks (lower), bonds (lower in yield), and gold (higher)...

Gold spiked to the highest since November 10th - erasing 90 % of the post-Trump election losses...

 

S&P is fading fast...

 

And 10Y Yields crashed through support to the lowest since Nov 17th...

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wisehiney's picture

My gold, silver and tbonds are flying.

hitlery is not targeting me.

Some ragheads got killed.

All good.

Franklin Mint Chip's picture
Franklin Mint Chip (not verified) wisehiney Apr 6, 2017 10:47 PM

I am in muh bunker with canned food, the 12ga fondling my Bitcoins...

https://localbitcoins.com

SomethingSomethingDarkSide's picture

NUGT and JNUG seem pretty fucking smart now

AllThatGlitters's picture

Looks like the breaks they slammed on Gold and Silver after the initial pop seems to be giving way.

Another leg up kicking in?  

Live Gold: http://www.pmbull.com/gold-price/

Live Silver: http://www.pmbull.com/silver-price/

Have to wonder what they're going to do tomorrow, with a whole weekend ahead of us and who knows what transpires during the down-time.

AllThatGlitters's picture

Pfffttt.. and now I appear to be wrong.. I guess that's why I'm not a famous trader selling expensive newsletters or subscriptions..

Oh wait, you don't have to be right to do that.

Volaille de Bresse's picture

"Some ragheads got killed.

All good"

 

For idiots it's always "all good" cause they never see the bigger picture. Sad...

buckstopshere's picture

$2000 gold by September and then it's off to the races

$3000

$4000

$5000

$6000

... to be continued

buckstopshere's picture

Nobody ever thought that a world war would start after an assassination of an archduke.

Nobody ever thought that a world war would start with the overthrow of Assad.

ATM's picture

Armageddon is in Syria isn't it?

Handful of Dust's picture

Just like the ukraine before the cia destabilized them, the people led mundane hard lives but now they stuggle for survival. Why is the USA even involved in their affairs? Who in their right mind would volunteer for the military these days simply to kill lots of people we have no beef with?

Lore's picture

A friend made that very point this evening.  What thinking person would join up now? 

It's a trick question. "Military men are dumb, stupid animals to be used as pawns for foreign policy." - attrib. Kissinger

On the positive side, I hear McCain is going to personally lead the ground forces. /sarc

Wrapping up the week with a final audacious flourish, the controlled media is telling us that we should feel obliged to "honor" the "valor and sacrifice" of the schmucks who threw away their lives at Vimy Ridge at a ceremony this weekend.  Apparently, not one damned thing is learned and retained from such fiascos.

THE BATTLE OF BLENHEIM by Robert Southey (1774-1843)

"With fire and sword the country round
Was wasted far and wide,
And many a childing mother then,
And new-born baby died;
But things like that, you know, must be
At every famous victory.

"They said it was a shocking sight
After the field was won;
For many thousand bodies here
Lay rotting in the sun;
But things like that, you know, must be
After a famous victory.

"Great praise the Duke of Marlbro' won,
And our good Prince Eugene."
"Why, 'twas a very wicked thing!"
Said little Wilhelmine.
"Nay ... nay ... my little girl," quoth he,
"It was a famous victory."

"And everybody praised the Duke
Who this great fight did win."
"But what good came of it at last?"
Quoth little Peterkin.
"Why, that I cannot tell," said he,
"But 'twas a famous victory."

GRDguy's picture

. . . situated in northern Israel near Kibbutz Megiddo, about 30 km south-east of Haifa.

"Armageddon" is Tel Megiddo.

Evangelical Christians believe it will be the site of the final battle between Jesus Christ and Satan, as outlined in the Book of Revelation. The site is now protected as Megiddo National Park and is a World Heritage Site.

Lore's picture

A 'World Heritage Site!'  Somebody has a wicked sense of humor. 

Better would be to pave it over for a parking lot. 

buckstopshere's picture

JNUG will be a ten bagger in less than two months.

Deplorable's picture

I guess I should hold my shares now.

NugginFuts's picture

Chickens not quite hatched yet. There's probably a whole lot of manipulation on deck between now and market open.

10mm's picture

Lol. Yeah, me too.

lester1's picture

Buying more AUY tomorrow. They are a significantly undervalued gold mining stock.

buckstopshere's picture

I hold thousands of shares of AUY.

LetThemEatRand's picture

This is the only time I can remember when I wish my PMs were not gaining value.  Unreal.

NDXTrader's picture

Futures will be green by the morning. This was a pinprick

buckstopshere's picture

Explosive precious metals short squeeze at 8 am EST.

arbwhore's picture

Jobs numbers tomorrow could easily make it a negative day for gold.

man from glad's picture

And then the usual hammering back down by close.

Glad 2B Gone's picture

Same as it ever was.  The machines will decide

CHX13's picture

The machines execute while someone(s) decides them to go one way or another

Kassandra's picture

The mechanized hum of another world..

TheRideNeverEnds's picture

The market is disappointed we didn't start a nuclear war.... yet.

Once the bombs start falling on US soil it will go limit up, imagine all the broken windows etc that will need to be replaced after a nuclear exchange with Russia; talk about stimulus!

DC Beastie Boy's picture

Everyone should own a little gold and a DD5V1

NoWayJose's picture

God help our 'boots on the ground' in Syria...

duck dodgers's picture

Fuck them they volunteer to serve the criminals they get what they deserve

buckstopshere's picture

Oil is ripping higher.

$70 oil and then it'll soar past $200.

Silversides's picture

Good time to but RTN (Ratheon)...just sayin'

buckstopshere's picture

Yellen holds shares of Raytheon.

adr's picture

The Jews needed something to send oil above $60 with the OPEC cuts turning into a joke. 

The next few cruise missiles need to hit downtown New York,  Washington DC, and Jerusalem. 

NoWayJose's picture

Sell gold at $1300. Buy it back at $1200. Lather, rinse, repeat...

Anarchyteez's picture

Almost.

I only stack when on sale, no sellin, I've been burned doing that. But I sure hope you're right and it goes to $1200 again.

Silver Savior's picture

Nope buy gold now and hang onto it. You may never get the chance to own it ever again same with silver.

Zer0head's picture

wait for North Korea

Donald just discovered he has his very own  live action version of the game of Risk

SomethingSomethingDarkSide's picture

Anyone like SDRL as oil rips higher?

buckstopshere's picture

Very contrarian play.

The stock got hammered into penny stock status the past few years.

arbwhore's picture

C'mon people! You know the drill by now surely? Back to flat by morning. They can sell the paper faster than the miners can dig the physical.

buckstopshere's picture

Russia and China will seize the opportunity and jump on the fear trade to make gold soar.

Inflation will soar.

Yellen will have a reason to raise rates and keep the bankers in business a little longer.

arbwhore's picture

"Yellen will have a reason"

You left out the t in treason.