Gold Pops, Stocks Drop As Futures Open After Korean Chaos

Tyler Durden's picture

In an echo of last week's move following North Korea's teating of missiles across Japan's territory, futures markets are opening in a decidedly risk-off mannwr following North Korea's "hydrogen bomb" test. Dow Futs down 100 points, Gold jumping and Treasury bonds bid...


All major US equity indices are down...


Gold is back above $1340...


USDJPY broke below 110.00


And VIX futures are spiking back into last week's Korea crisis region...


Of course, what happens next is anyone's guess as last week saw the BTFDers panic-buy stocks to their best week in 10 months1

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c2nnib2l's picture

so tonight and tomorrow it's a sell off and BTFD on Tuesday !

ET's picture

Physical Gold and Silver demand is rising sharply.

The Endgame for cryptos is here. Crypto liquidation to hoard Precious Metals before they are unattainable.

A bird in the hand is worth two in the bush. Remember that.

El Oregonian's picture

Well, I do hope we can have wise men and women give good council to where humanity comes to their collective senses... Irradiated gold and silver really does not do their owners much good.

Urban Roman's picture

Ahh the old bullshit from Goldfinger.

You can just give me all your irradiated gold and silver. I'll take care of it for you.

They don't have many long-lived isotopes, not ones you can get from a nuke. Couple weeks to cool off and it'll just be gold and silver again.

johngaltfla's picture

Man, oh man, if this keeps up the surviving islands of Japan will have some seriously fucked up purple glowing 4 eyed sushi being served.

Got Precious Metals?

eclectic syncretist's picture

"North Korea's teating of missles across Japan's territory...."

Is that what NK's doing? teating us with their missiles?

Stuart's picture

watch... this will be completely reversed by NY open..  The "hand of god" will magically save the DOW open and reverse gold's gain....  95% usually what happens...

sincerely_yours's picture

Agree. All manipulated and controlled. No wonder the US$ is destroyed.

TheRideNeverEnds's picture

If not green by open then definitely green by lunch, BTFD!

Urban Roman's picture

As opposed to the purple glowing 4 eyed sushi they are serving since the spring of 2011? Japan won't notice the difference.

T-NUTZ's picture

LOL!   We call you naive!

AtATrESICI's picture

Hey, what say you Mr. T-bag PMs are now worthless and 0s and 1s are king? I have some cryptos but I wouldn't bet with the ranch money on them and I sure don't believe they will do much in a SHTF scenario. Sorry the history is more weighted to me than tails of a tech superfuture where the valueless will have real value.

Dogman57's picture

The U.S. markets are closed tomorrow for Labor Day.

crackpuff's picture

The run up in gold has got jack shit to do with N. Korea. Gold bugs over the last 5 years amount to little more than whipped dogs. They can't even see what's begun

Tiwin's picture

Alternative headline for gold:

Gold closes above 1X2 Gann Line from 2011 highs  on weekly charts Friday, has follow through Sun eve.

The Cooler King's picture

So when is China planning on 'topping off' their SPR?

<--- can't help yourself can you mosley?

tmosley's picture

Obsession is a sign of mental illness.

The Cooler King's picture

thank you ~ now you've actually put a MEDICAL DEFINITION as to why you're my serial junker.


Since you're poised to entertain me tonight, can you do me a favor?


Can you write me out a 10 deep list on what things I can do to, (as you, about a half dozen times, said I'm doing)...



Here's one of your more recent gems


Oh hell, I'll cut the list down to nine because just about anytime you post something is a comedic moment all by itself... Alas, I'm looking for some diversity here.

tmosley's picture

Its a real shame people like you are allowed to walk around free. Used to be asylums so the straights didn't have to deal with crazies.

Tiwin's picture

Those who buy on news, lose.

©tiwin 2017

If you bot on the initial missile news you immediately suffered a 28 dollar drawdown.

Margin Call , gentlemen.

So It Goes's picture

Yes - but margins get squeezed in both directions.  When physical demand can no longer be discounted and leveraged paper gets the call - it's going to squeeze the shorts - could be a blast off - especially over $1400.

Xibalba's picture

Have a look at how many fed talking heads are scheduled for this week...

Consuelo's picture



"It's two a.m., the fear has gone
I'm sittin' here waitin', the gun still warm
Maybe my connection is tired of takin' chances
Yeah there's a storm on the loose, sirens in my head
I'm wrapped up in silence, all circuits are dead
I cannot decode, my whole life spins into a frenzy"

Nekoti's picture

I see what you did there, GOLDen Earring.

Tiwin's picture

It might be time to ignore monkeyhammers.On a long enough timeline, supply/demand win out.

So It Goes's picture

I hope there is a resolution to Korea.

If not, I am postitioned for a bad outcome.  All in:  Au, Ag, miners, cash, and one month of food and water.  Also a bit of fire power.  Been prepping since 10/2009.  My neighbors are all effed - dancing around "the rim of a volcano" - lulled into a false security.  

Hiding amongst delusional liberals, I have lost friends and I appear to them to be a crackpot - prone to conspiracy.  I am going to be humble and commiserate with others - I did this also when Hillary lost.

But at least I can say I tried.  Bumpy ride coming up I'm afraid.  Buckle up - prep time - last call.

Barney Fife's picture

Make sure that you have enough ammo to shoot liberals and other leftists in a SHTF scenaario. Per their "thinking" they will assume that all of your preparations were obtained "unfairly" and will attempt to expropriate them from you. If they are successful then you will be left with nothing, and you will die. 

So its a case of self-defense. 

SgtMilstar's picture

Look at the bright side, you can have your way with their trophy wives for a can of "Spam"....

Dsyno's picture

If you've "lost friends and appear to be a crackpot", you're sharing way too much info.

1) Don't fuck up your life before shit even hits the fan.

2) You also don't want these people knowing you have all this when SHTF, else they're going to be on your doorstep.

Best to be a silent prepper. At most, drop a few hints and share more with those who are receptive and you trust.

Cheka_Mate's picture

Golden Rule of Prepping:

Be the "Grey Man"

Don't tell others or talk about stockpiling supplies or any defense plans.

Don't broadcast political views 

Fade into the background to move undetected through crowds 

It's not worth trying to "wake" anyone this late in the game.

Think Charles Bronson in the Great Escape, not Steve McQueen 

eclectic syncretist's picture

And pray that nuke doesn't hit the Yellowstone caldera!

Yen Cross's picture

  That's a great movie. Just watched it the other day. Steve McQueen pretty much suicided himself riding that motorcycle all over the peasants farmland.

jvetter713's picture

I think it's safe to say most of us here fall into that exact same category.

Don Sunset's picture

DOW down 10,000 is about right on the money.

Longdriver's picture

ES is only down 9 and JPY is going back up at 109.86.  Clearly Bank of Japan is stepping in and buying the YEN

Longdriver's picture

No way are we going to attempt an attack on N Korea.  Only way would be if we were attacked first.  Now having some covert operation working in conjunction with China to have Kim taken out?  Yea I could see that happening; once that is done NK becomes a peaceful nation and Nuclear situation is solved.

Winston Churchill's picture

So much wishfull thinking.If China wanted Kim gone, he would be dead, buried and almost forgotten by now.

He isn't, so they don't.

The only binary fact in the whole situation.

Consuelo's picture



Orientals may dislike each other within the confines of their respective spheres of influence, but when it comes to Round-eye telling them how to run their own show, its all-for-one-and-one-for-all.

ItsDanger's picture

Agreed, China is using NK as negotiating tool with Trump over trade.  NK is their little pitbull to make noise and garner concessions until the time is right for China to make their move.  Unlike us, China has long term plans.

SgtMilstar's picture

But when, not if Kim is gone, NK will have a Central Bank and its gold will be carted off....  

thinkmoretalkless's picture

Maybe this secret heir to the regime, is a CIA plant and the NK will be our best buds in a few months.

DennisR's picture

LOL, I give the stock futures down, gold up thing another 30 minutes...

ludwigvmises's picture

Dow will close +100. Gold will probably go back to unchanged. That's how greed works.