Gold Gains As Stocks Sink After Trump Turmoil, Fed Fearmongering

Tyler Durden's picture

Shitty day for Housing Recovery enthusiasts, the Trump administration, and Fed followers...

 

Stock actually ended the day higher thanks to the overnight bid and panic squeeze at the open but the theme of the day was simple - Trump is in trouble (agenda on the rocks) and The Fed is explicitly warning about bubbles...

 

VIX ended the day lower but once again it was a game of two halves (NOTE Russell 2000 'VIX' was higher on the day)...

 

AAPL pushed to new record highs as the great rotation from FANG stocks continues...

 

The Dollar was dumped and bond yields tumbled after Trump and accelerated after The Fed...

 

With the AMZN issue out of the way, selling pressure lifts on bonds and today's turmoil put a bid under prices...

 

The Dollar Index erased most of its gains from the last two days...

Flows swung toward risk-off after U.S. Vice President Pence dialed up the rhetoric, saying North Korea must permanently abandon its nuclear ambitions. This followed news from the White House earlier in the day that Trump and Pence would meet with the National Security team regarding Southeast Asia on Friday at Camp David.

 

Gold jumped on warmongery and Trump turmoil then shifted higher on a dovish Fed statement... Crude was ugly after a large crude draw offset by a surprise build in gasoline stocks.

 

Zinc spiked today and Copper was up as the base metal commodity index surged to its highest level since Nov 2014...

 

However, what happens next?

 

The analog continues to hold...

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pound the vix's picture

Need an up day, Just pound the VIX lower

thesonandheir's picture

The VIX pounders force the risk parity names to buy large caps like APPL and GOOG.

 

Every day the same shit.

D.r. Funk's picture

some of us said the vix was being suppressed, 3 yrs ago, clearly has direct programming the last 18+ months, proven correct

LetThemEatRand's picture

If I had a bitcoin for everytime I've seen a chart with "you are here" overlayed on an historical chart just before the cliff.....  So far, Yellen E Coyote seems to have a pretty good track record of simply not looking down.

LawsofPhysics's picture

Exactly. This is NOT 1987, not by a fucking longshot.

ReturnOfDaMac's picture

"Yellen E Coyote" ... Brilliant!

Full Court Lugenpresse's picture

Trump's not in trouble, assholes. If anything he just did a great job of flushing a bunch of snakes out of the grass.

All these pussies whining up to say "I condemn Trump's statement", well, what part of it exactly? What actual words of his? They never mention, because they know his actual statement was PLAIN COMMON SENSE: that left wing violence has become a major problem i this country and we're not going to stand for it any more. The fact that they are shilling like mad to twist his words into somehow supporting Neo-Nazis just shows how desperate they are. It also shows that the Violent Left has supporters at the highest levels, who are doing their best to run cover for their goons. It won't work. Next time they try something Trump will bring the hammer down on them.

LetThemEatRand's picture

Trump is in trouble because the MSM has decreed that all violence by leftist hate groups is justified to stop so called "alt-right" hate groups, which they have also decreed means anyone who disagrees with the extreme left.   It's kind of how most Americans look the other way when our armies kill countless thousands overseas.  Most believe the cause is just, so the violence and death is justified.  The ultimate objective of propaganda is to condition to the population to accept violence as justified and even necessary.  What we are witnessing is the wholesale adoption by the MSM and their owners of the idea that violence against the right is justified.   How far they will be able to go with that is anyone's guess, but I suspect pretty far given how the echo-chamber has openly dismissed Trump's observation that both sides were violent as "missing the point."

U4 eee aaa's picture

So we aren't talking about Russia any more?

This reminds me of the time we switched from global warming to climate change

Seasmoke's picture

It reminded me of Ebola. 10 days later.  Never to be heard of again. 

Snaffew's picture

Umm...a neo nazi killed a woman who was against racism---trump condoned the killing and supports the KKK.  Trump is a neo-nazi.  Simple as that---there is no good in that scab's heart.

vegas's picture

Simply amazing markets still react to the musings of the faculty lounge elite; how fucking stupid are you? Now, who talks better bullshit out of both sides of their mouths better than a FED Pie Hole?

 

www.traderzoogold.blogspot.com

Turin Turambar's picture

Gold up $10.  Yawn.  That'll be erased in a few milliseconds overnight via monkeyhammer.  Gold is not permitted above $1,290.  $1,250 is it's preferred oscillation point.  Kind of like $50 oil.

c2nnib2l's picture

Oil is jumping at $ 46 levels today and Gold should hold 1280 but yeaaah you might be right 

brushhog's picture

Yup. I sold alot of gold today. I'll be buying alot more at the lower price tomorrow.

LindseyNarratesWordress's picture

People, the TRUTH is getting censored, by (((the usual-suspects))), BUT IT IS HERE, AND PLEASE, PLEASE, PLEASE, SPREAD IT EVERYWHERE THAT YOU ARE ABLE:

 

This is video showing how the Blacks and (((antifa))) attacked the PEACEFUL White demonstrators, WITH BATS, AND OTHER WEAPONS, and that it was THEY!!! whom were the ones not only starting the violence, but openly taunting the police to dare to do anything to stop them:  http://www.reddit.com/r/The_Donald/comments/6togcn/massive_cover_up_yout...

 

Here is a YouTube-ADL video, from 2014, showing the demonstration-leader/organizer, (((jason kessler))), when he was an anarchist, anti-Christian, and ANTI-WHITE, reciting a poem that he wrote, entitled, "White Devils", whimsically demeaning Whites whom brought civilization to the spear-chuckers and mud-hut-dwellers:  http://youtu.be/kOnQoZlmDLs

 

You people can make-up-your-minds as to what (((jason kessler's))) job and purpose was, but I am absolutely convinced that he was the typical (((infiltrator))), who probably knew what was going to happen, and led the PEACEFUL White demonstrators into the trap that we all saw, and especially can be seen in that video, above.

Lindsey  

HominyTwin's picture

Who the fuck would show up at a dinner where they are to be served as a meal? Stupid white nationalists.  Protesting is for fucking fags. When people start letting city councilors and mayors that they better do A, or they might need knee surgery, then you'll know that people have quit being fucking faggots.

10mm's picture

Bingo. We have a winner. But the knee breakers of old are dead or simply to old.

LindseyNarratesWordress's picture

People, the TRUTH is getting censored, by (((the usual-suspects))), BUT IT IS HERE, AND PLEASE, PLEASE, PLEASE, SPREAD IT EVERYWHERE THAT YOU ARE ABLE:

 

This is video showing how the Blacks and (((antifa))) attacked the PEACEFUL White demonstrators, WITH BATS, AND OTHER WEAPONS, and that it was THEY!!! whom were the ones not only starting the violence, but openly taunting the police to dare to do anything to stop them:  http://www.reddit.com/r/The_Donald/comments/6togcn/massive_cover_up_yout...

 

Here is a YouTube-ADL video, from 2014, showing the demonstration-leader/organizer, (((jason kessler))), when he was an anarchist, anti-Christian, and ANTI-WHITE, reciting a poem that he wrote, entitled, "White Devils", whimsically demeaning Whites whom brought civilization to the spear-chuckers and mud-hut-dwellers:  http://youtu.be/kOnQoZlmDLs

 

You people can make-up-your-minds as to what (((jason kessler's))) job and purpose was, but I am absolutely convinced that he was the typical (((infiltrator))), who probably knew what was going to happen, and I TRULY BELIEVE led the PEACEFUL White demonstrators into the trap that we all saw, and especially can be seen in that video, above.

 

Do you, all, remember (((Frank Collin))), AKA, by his REAL name, (((Frank Cohen))), who pretended to be a neo-NAZI, leading-the-charge in Skokie, Illinois, only to have all-Hell-break-loose, and create-the-catalyst for the crack-down against Whites exercising their freedom-of-speech, and -of-assembly?  Yeah...

 

(((EVERY)))

(((FUCKING)))

(((TIME))), there (((they))) are.

 

Lindsey  

    

WHATDIFFERENCEDOESITMAKE's picture

"Trump Turmoil"? You aint seen nothin yet sweetie. I prefer Trump Tornado, it has a better effect on whats about to blow. lol

D.r. Funk's picture

Permabears HAVE been right. We said you can crash now (2011), clearing out the boombust-dependent society, or, crash 2x 3x 4x later

There's no argument whatsoever that if a breaking point was to occur, it wouldn't be 2x 3x or 4x Lehman, at this point.

And that's exactly what happened. Stock market was infused with cocaine. No crash during the 6 years. Conditions created for massive scale blowup.

 

Permabears were right. If you look at the statements, and look at the arguments. The djia/naz/spy were hooked up and programmed around that time. They've given you 24pe spy, and Black Tuesday 1929 level Shillerpe. You're fucking going down. All you bumpkin dope whores who mistakenly think they're the smart ones in the 9th inning

Peak Finance's picture

Don't take your victory lap just yet. 

I say the printing never stops. We are far past the event horizon.

ReturnOfDaMac's picture

I'll take a piece of that acton.  As I said before "if you want to make money, you have to realize that shiny markets ARE manipulated, its been proven by GATA for years, banks have paid fines, and yet they continue to do it.  They have access to a printing press. I don't.  Banks have superior firepower, and have shown no reservations about using it.  Since I can't beat them, I join them ... and profit $$ " ,   8 long bloody freaking years of losing loot or missing out on gains is NOT fur me.

Traderone's picture

You said it my friend, I gave up trying to short it years ago and bought it relentlessly on dips instead. I have never regretted it. 

ReturnOfDaMac's picture

Good to hear from both of you money making, profit taking, cash shoving, money lov'n folks!

lester1's picture

Trump turmoil ??

 

Fuck you Tyler's !!

 

You're falling for liberal media bs !!

haha-clinton-dix's picture

So that last chart:

2100/230 = 9.1

2500/330 = 7.6

100/330 = 30% drop

30% drop for 2500 will be an S&P of 1750

Right?

Since1929's picture

Trumpnado !

 

vsk

Storm-Clouds's picture

I've been let down
I've been lied to
I let the MSM play me a fool....
Screw the anticrap
Bite me altrite
Disband the photo-op
Bite my clank
The Dead don't give a shit
Fed reports
Missed expectations
The Orange dude just called out the Chinese & the North Korean yapping dog!
And they blinked!
Charlottesville where the hemroids is that?
Outrage my icicle ass!
No one gives a frozen shit!
Summertime Vacation Season!
Everybody's poolside, lakeside, beachside
Shooting hoops, playing golf, taking opioids.
The dead march on.
BTW all the good folk have joined the band here.
Think of the singers & musicians that joined the dead symphony.
So why are Hilly & Bubba still breathing?
What is it going to take to shut Maxine up?
Who glued Nancy & Ginsburg together?
The dead don't care....

Team_Huli's picture
"Gold Gains As Stocks Sink After Trump Turmoil"

There's no turmoil.  Knock off the bullshit...

Seb's picture

You call that a gain?

This is a gain: Bitcoin is almost $4400 now. Just a week ago it was $3500 or so.

TradingTroll's picture

Anyone can set up a crypto on Monday, buy 10,000,000 for $.00001 and sell one crypto to a friend for $1 on Tuesday and your gain looks like a rounding error.

brushhog's picture

Good for you, I hope it goes even higher for you. I dont have the stomach for that kind of risk and volatility.

silverer's picture

Well, we've all gotten a taste of what Bitcoin is like and what it does. It presents a choice. There are no guarantees. But neither are there with the dollar, as you can see. It's not Bitcoin that's changing. It's the metric you are using to value it. Yep. That piece of paper, which is the big lie. Put a single dollar bill on the table in front of you. Then put a twenty dollar bill next to it. Explain what makes that $20 bill worth 20 times as much as the single. It's certainly not the paper, or the ink. It's just the way it's printed. Now take one silver coin. Put it on the table. Now put silver next to it that's worth 20 times more. Jeez, you need 20 silver coins! Awesome, when you think about it. Then if you keep thinking, it gets scary.

silverer's picture

Did you know that fear can change a financial balance sheet in just 15 minutes, over-riding basic valuation? It's just so interesting how that works. Makes you feel the market is really, really solid, doesn't it?