UK Election Chaos Sparks Selling Spree In Bonds & Bullion

Tyler Durden's picture

Because nothing says sell safe-havens like a shocking election result in the nation at the center of European Union chaos...

Exit Polls signal May failure... sell Gold


At least bonds initial reaction made some sense... but since then it's been Sell the dip in yields and buy stocks... because more QE will paper over any political cracks, we're sure...

Some have suggested that this is due to the May colatilion implying a 'softer' Brexit, implying less global turmoil, implying less need for safety? We remind those 'thinkers', like pregnancy, there's no half-Brexit.

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taketheredpill's picture



Gold popped +4% on Brexit, so why not lose 2% on chance of soft/No Brexit?


MFL5591's picture

I had to take a double take on this article riddled with comedy and insanity!  More mayhame equals lower Gold ?  No, it is the Federal Reserve by and through the TRIBAL banks that are fucking with Gold and Silver and everone knows it!

Bay of Pigs's picture

Only two words matter anymore.

Central Banks.

NAV's picture


Everything’s been Fed-lies.

"There may be a silver lining for small-c conservative voters following the shock results of the UK General Election. The Democrat Unionist Party (DUP) — who the Conservatives will seek a coalition government with — is far closer to conservative philosophy than Britain’s Tories have been for decades." – Breitbart

thinkmoretalkless's picture

...and the band played on.

TheytookERjobs's picture

Pm's bugs flummoxed. Gold<silver<Iota

Endgame Napoleon's picture

I bet they will find that turnout was low among those who want an actual change in mass immigration policy. The recent mass murders by terrorists reminded them of how elected leaders have not put the British first for decades, with elites cashing in on pro-globalism policies. They did not see a real choice for change, so they stayed home.

If not -- if the Brits are just choosing more of the same in terms of mass immigration, globalism and multiculturalism -- wow.....Just wow. But the beautiful France just did that very thing, choosing more of the same after a series of even more deadly terrorist mass murders and economic issues that echo the conditions of the beaten-down middle class in the USA. I do not think Deplorables are going to let them get away with that here, but who knows?

nmewn's picture


Endgame Napoleon's picture

Hardcore economics people see everything as a chess move. Even from that standpoint, it seems like an effort to understand the underlying emotional reasons for voter behavior and the rationale for it is important. Because, when voters really get ready for a change, it will change the whole economic infrastructure, too. You likely cannot have an economy that functions well at all with just the top 20% of two high-earner couples, their children, their friends and the children of their friends, adding assorted other cronies and family dynasties. There won't be enough customers to keep the $$$$$ flowing. The 80% of peasants do count, not just rhetorically, either.

Snaffew's picture

but think about it...what do all of those 80 percent peasants use tirelessly in unison?  FB, AMZN AAPL, NFLX and GOOG.  The peasants are the mass consumers of these FAANG stocks---

meditate_vigorously's picture

If voter behavior seems particularly irrational, you might want to question the legitimacy of the elections rather than the voters.

GodHelpAmerica's picture

And the central banks said: "you must have confidence in this faltering system --and we will move markets accordingly--despite widespread political turmoil that proves it thusly..."

Endgame Napoleon's picture

Nigel for PM. Americans cannot vote, though.

meditate_vigorously's picture

Nigel conceded the Brexit election a couple hours after the polls closed and before any final results were in. I am not sure why he still has credibility in anyone's mind.

wobblie's picture

Ahhh!! Zip...

Nothing like a little Wall St chart porn to get the morning going!

Seasmoke's picture

Didn't Gold get hammered when Brexit first passed. This is absolutely a farce. They make up any reason they want to hammer Gold.

Mungo9000's picture

Meanwhile... another Spanish lender has crashed 30%, hot on the heels of Banco Populare
Liberbank SA BME:LBK was down -36% at one point. Sell all the gold.

Snaffew's picture

I guess we are in the midst of an "Icarus styled melt Up"....a la 1999, 2006, and now 2017.

Yars Revenge's picture

Gold got rejected again near $1300 and traders started going short.

This is primarily the reason for the current move down.

Bay of Pigs's picture

Bullshit. TA means nothing in rigged markets.

Bopper09's picture

If I have more gold this year than last year, I'm more wealthy.  Comparing metal weight to digits on a computer is moronic.  ALL fake fiat currency fails.  ALL.

Davidduke2000's picture


I hope it's not you who wrote this shit? nobody in his right mind would believe in a time of crisis real invotors would sell bullion, however paper speculators have no crisis, they follow momentums, if one guy look at to the sky everybody does the same. the people who got burned on the paper gold rise, just shorted the high and expecting to drop it to recover the losses, but any day could be a start to ww3 then all the papers in the world would not matter and all the fiat money in the world would not matter.

NAV's picture

The Fed controls statistics. The Fed's owners are Jewish international bankers. The Fed's objective is Globalism, i.e., universal communism. The motto of Israel’s foreign intelligence service the Fed, er, Mossad, translates as "By way of deception you shall make war," The Fed is rigging statistics, by lying, by deception, to make financial war upon retail investors and the wealth of American households. White civilization is the Fed's hard target.

No longer is the KGB Americans' opponent; Americans' opponent is the Fed.

wobblie's picture

gold is a hoax.

It's all fiat, unless it's usable in a real world sense.

Currencies only fail if the powers that be want it to or let it.

cluelessminion's picture

I get that precious metals are volatile in terms of price and you have to think long term when investing in them.  But they'll always have *some* value.  You simply can't say that for stocks, bonds, cash, bitcoin, etc.  Right now baby boomers are retiring in massive numbers so there is a lot of money running around looking for a safe place.  There is none right now; by design of course.  I think having some kind of exposure to pm's is prudent.  No matter what happens, war, complete financial collapse it will be worth *something*, while all of the above could lose its value in seconds (aside from cash in the mattress and even then ...). 


I'm currently hoping to buy some silver eagles soon.  I don't have a lot of money for investment but I do plan to buy pm's as a bit of a safety net.  Right now it's very affordable and at historically low valuations.