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And The Opening ES Print Is...

Tyler Durden's picture



Sorry, Timmy, Boehner, and Obama. No apocalypse. Better luck next time.

Update: 1326...

Maybe we spoke too soon.

Update: 1322...




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Sun, 07/24/2011 - 18:02 | 1488657 Sudden Debt
Sudden Debt's picture

Silver 40.5

Gold 1608

Sun, 07/24/2011 - 18:08 | 1488688 Captain Benny
Captain Benny's picture

$1610 is a coming!  But don't worry, the tubes told me that gold is not money and that Benny boy can raise interest rates in 15 minutes to put a stop to Gold's rise.


I can't wait to cash out my SPY puts this week ;-)

Sun, 07/24/2011 - 18:16 | 1488735 camoes
camoes's picture

Yawn, wake me when silver is 50 and gold 2000

Sun, 07/24/2011 - 18:20 | 1488753 camoes
camoes's picture

I look forward to see how they price my 1700 gold jan calls tomorrow...yum yum yum

Sun, 07/24/2011 - 18:24 | 1488773 narapoiddyslexia
narapoiddyslexia's picture

Gold at 1615 as I write this. Anyone remember rajat_bhatia saying earlier today that, "Here i'm again fellas, my gold shorts are gonna pay me big time tomorrow, when the market opens"

Sun, 07/24/2011 - 18:30 | 1488808 Long-John-Silver
Long-John-Silver's picture

Something is in his shorts and it's feeding on his ass. I don't think Gold eats flesh so perhaps it's a ravenous Gold Bug infestation.  

Sun, 07/24/2011 - 18:34 | 1488834 MissCellany
MissCellany's picture

Wasn't he the dude who had a shorts-load full of copper the other day?

And was begging everyone to tell him what to do with it?


Mon, 07/25/2011 - 03:26 | 1489906 Overflow-admin
Overflow-admin's picture

I spotted that one too, now LMAO. Makes me think about the trolls screaming their hypotetical gold shorts targets around october 2010 (still waiting 1275?)...



Is rajat_bhatia our new top calling troll?

Sun, 07/24/2011 - 18:22 | 1488747 Rynak
Rynak's picture

When will you folks learn, that metals spotprices are paper prices - including all the consequences?

They can be whatever "they" want them to be, as long as the physical market doesn't desync for whatever reason.

That also means, that in spotprice there are no fundamentals - they want it to go up? It goes up. They want it to go down? It goes down. As long as physical doesn't desync from it.

Spot metal prices: Irrelevant unless you're buying or selling... doesn't say anything about supply/demand.

Sun, 07/24/2011 - 18:35 | 1488837 narapoiddyslexia
narapoiddyslexia's picture

FWIW, and its probably not worth much, I think the PM market can be manipulated, especially silver. But gold is a different matter, and over the longer terms I do not think it can be manipulated very successfully if at all. And over the short term, silver is not manipulated, either. "They" have to be actively engaged, and I'm not sure they are right now. "They" can always ask for increased margins and silver will come down.

Sun, 07/24/2011 - 19:17 | 1489027 Rynak
Rynak's picture

I think that manipulation can happen to the full extend of popular "believability" - that is: False information works, until it doesn't.

From my experience regarding curent society, it stops working when shit hits the fan.

Translated to metals: It can even over the midterm (years) be manipulated, until it becomes obvious that it is untrue (i.e. unability to deliver).

What that IMO means for spotprices, is that spotprices will be the lowest that people are willing to believe, without outrightly revolting (desync/decoupling).... and the transition from one to the other, may be rather sudden and harsh.

So, don't bet on fundamentals, except for scenarios where they are UNAVOIDABLE (in other words, default).

While it may be true that "they" are more careful about gold reaching this threshold, than they are about silver, that still leaves a lot of room for manipulation as long as the threshold of tolerance against bullshit, isn't reached.

Bottom line: Fundamentals wil only matter, when shit hits the fan. Everything before that, is just a matter of sustaining suspension of disbelief. And there is a lot of room in that, even if not unlimited room.

Sun, 07/24/2011 - 20:13 | 1489167 Rockfish
Rockfish's picture

$56.97 per Gr = a movie with the wife. Whats playing? Why what else "Apocalypse NOW"


Sun, 07/24/2011 - 18:02 | 1488659 Cassandra Syndrome
Cassandra Syndrome's picture

Gold $1,610

Sun, 07/24/2011 - 18:13 | 1488722 septicshock
septicshock's picture

its transitory

Sun, 07/24/2011 - 18:23 | 1488766 ElTerco
ElTerco's picture

That's right.  It's a transition from a low dollar price of gold to a high dollar price of gold.  See?  Ben was right all along, and he'll let you know that a year from now!

Sun, 07/24/2011 - 18:18 | 1488741 Captain Benny
Captain Benny's picture

Try $1615 only a few seconds later :)

Sun, 07/24/2011 - 18:18 | 1488742 Captain Benny
Captain Benny's picture


Sun, 07/24/2011 - 18:02 | 1488660 Flakmeister
Flakmeister's picture

Do I hear 1318?

Sun, 07/24/2011 - 18:03 | 1488661 George the baby...
George the baby crusher's picture

Watch gold :-)

Sun, 07/24/2011 - 18:04 | 1488669 cossack55
cossack55's picture

Own gold. then watch it.

Sun, 07/24/2011 - 18:05 | 1488677 George the baby...
George the baby crusher's picture

A pretty sight indeed.

Sun, 07/24/2011 - 18:14 | 1488729 Hulk
Hulk's picture

Buy a gold watch...

Sun, 07/24/2011 - 18:20 | 1488757 darkstar7646
darkstar7646's picture

Confiscation event!

Sun, 07/24/2011 - 18:47 | 1488906 Long-John-Silver
Long-John-Silver's picture

To do that would require an admission that Gold (and Silver) IS money. 

Mon, 07/25/2011 - 04:01 | 1489925 darkstar7646
darkstar7646's picture

And that stops it... WHY?

Most people believe that, when the dollar finally does die, you'll see oil priced in gold directly! That, most believe, would be the final nail in the coffin for the USA.

Hence, it would be money, at that point.

Sun, 07/24/2011 - 18:14 | 1488728 fwiw
fwiw's picture

I'm watching! 9 frn straight off the bat!

Sun, 07/24/2011 - 18:03 | 1488662 carbonmutant
carbonmutant's picture

BOEHNER GOP CALL summary: He focused on GOP unity, demanding spending cuts. No talk of compromise, instead call for GOP to stick together.

Sun, 07/24/2011 - 18:03 | 1488663 Prometheus418
Prometheus418's picture

Silver: +.38 in under two minutes and climbing
Gold: +8.10 in under two minutes and climbing

Sun, 07/24/2011 - 18:04 | 1488673 Prometheus418
Prometheus418's picture

Wasn't the only one watching the ticker, I see.

Sun, 07/24/2011 - 18:15 | 1488730 JLee2027
JLee2027's picture

I'm sure the bad guys have their false rumors ready to go to counter any real price explosion.  So, relax. Still a few weeks left.

Sun, 07/24/2011 - 18:14 | 1488725 r101958
r101958's picture

Unfortunately, the big guys like JPM like this because once there is a debt deal the profits they take on paper silver/gold will make their quarter.

Sun, 07/24/2011 - 18:03 | 1488666 caerus
caerus's picture

(presses fingertips together). Excellent...

Sun, 07/24/2011 - 18:04 | 1488668 Conrad Murray
Conrad Murray's picture

If you see a dip, buy it out. If you see a dip, buy it out.

Sun, 07/24/2011 - 18:04 | 1488670 Ignorance is bliss
Ignorance is bliss's picture

I silver has opened vertically 40.56 as well

Sun, 07/24/2011 - 18:05 | 1488679 IAmNotMark
IAmNotMark's picture

"Imagine what you'll know tomorrow".  MIB

Sun, 07/24/2011 - 18:06 | 1488680 slow_roast
slow_roast's picture

Dip buyers going to look like suckers as the night wears on.

Sun, 07/24/2011 - 18:35 | 1488836 Long-John-Silver
Long-John-Silver's picture

You confirm my suspicions that Dips don't know what a dip is. Gold and Silver are currently not in a dip, you Dip.

Sun, 07/24/2011 - 18:06 | 1488681 rahbii
rahbii's picture


Sun, 07/24/2011 - 18:07 | 1488684 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The markets are calling Boner and Co. petty charade on Capital Hill. What are the Congresscritters going to do if the markets do not react to the very end of the 11th hour? Mmmmm. My guess is the Repugnicans have everything to gain from defaulting. We have an unpopular, worthless president who has done nothing to help the US or liberal agenda. People are already unemployed and pissed off. Elections are 16 months from now. This disgusting show will be well forgotten by then. Over the cliff we go...........

Sun, 07/24/2011 - 18:19 | 1488749 darkstar7646
darkstar7646's picture

You can forget about elections 16 months from now if this continues.

Sun, 07/24/2011 - 18:31 | 1488815 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

darkstar, I don't buy everything is going to collapse if we default. BS! It will force us to live within our means. It will be painful as the ponzi collapses, but it is going to happen someday. Less pain now or more pain later.

Sun, 07/24/2011 - 18:38 | 1488849 Long-John-Silver
Long-John-Silver's picture

If everything had been allowed to fail in 2008 we would not have an additional $4,000,000,000,000 debt. It's already worse.

Mon, 07/25/2011 - 01:34 | 1489830 darkstar7646
darkstar7646's picture

Forcing people to live within their means kills enough of the population that everything collapses. The very fact we have 315 million people in this country is part-and-parcel evidence of not living within our means.

Sun, 07/24/2011 - 18:07 | 1488685 caerus
caerus's picture

falling knife anyone?

Sun, 07/24/2011 - 18:07 | 1488687 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Don't worry, we'll open green.

Futures not allowed to drop more than 1%.

These are the rules of fascism.

The USA is fascism capital.

Sun, 07/24/2011 - 18:16 | 1488733 SwingForce
SwingForce's picture

Is there a + button on this new setup? I wanna press it now.

Sun, 07/24/2011 - 18:21 | 1488761 42 is the answer
42 is the answer's picture

I keep looking for the junk button and don't see a way to do that either anymore.

A +1 button would be nice.

Sun, 07/24/2011 - 18:42 | 1488872 toto
toto's picture


Sun, 07/24/2011 - 19:17 | 1489028 Abitdodgie
Abitdodgie's picture

Is there a spell check I am dislectic

Sun, 07/24/2011 - 19:38 | 1489089 Spastica Rex
Spastica Rex's picture

speling and gramur is for morans.

Mon, 07/25/2011 - 04:09 | 1489931 Sudden Debt
Sudden Debt's picture

Don't worry man, it's the content that counts.

And if the English teachers pop up, you just tell them to fuck off.


Sun, 07/24/2011 - 18:28 | 1488788 YHC-FTSE
YHC-FTSE's picture

I don't think I've ever replied to any of your posts, but just wanted to say hello! Seeing Bill's face is a bit like running into an old friend. He is the only comedian I've ever taken the trouble to write to when he was alive. In return he (Or most likely his folks) sent me a VHS of his great shows. Thanks for keeping his spirit alive.

Sun, 07/24/2011 - 20:44 | 1489235 Bringin It
Bringin It's picture

+ the virtual button

Sun, 07/24/2011 - 18:07 | 1488691 Selah
Selah's picture

The markets (that I care about) are reacting positively so far...

Sun, 07/24/2011 - 18:07 | 1488692 unky
unky's picture

whoops, gold drops by $4 ? i hope it will drop by $100 when they finally annouce a $3 trn deal,  then it will be time to buy

Sun, 07/24/2011 - 18:07 | 1488693 fuu
fuu's picture

Aaaaaaaand it's green. 1340.50

Sun, 07/24/2011 - 18:18 | 1488746 snowball777
snowball777's picture

LOL clueless.

Sun, 07/24/2011 - 18:24 | 1488774 fuu
fuu's picture

Uhh how so?

Sun, 07/24/2011 - 18:34 | 1488827 snowball777
snowball777's picture

Take a look at the 1329.75 bid...and then tell us why you told us all about the Fri closing price as if it was relevant.

Sun, 07/24/2011 - 18:36 | 1488841 fuu
fuu's picture

I saw it went down, then up, then down again. My bad. You are correct I was clueless.

Sun, 07/24/2011 - 20:57 | 1489254 snowball777
snowball777's picture

I apologize for being a dick about it; in the ensuing excitement created by our "representatives", mistakes happen. We're not all experts here and I'd be lyin' if I didn't say I've learned a ton from ZH.

The PPT is good, but not that good. ;)

Sun, 07/24/2011 - 20:48 | 1489239 nmewn
nmewn's picture

So, this must mean the dollar has soared...oh, wait ;-)

Sun, 07/24/2011 - 20:55 | 1489259 snowball777
snowball777's picture

Sure it did...Canadian, Australian, Hong Kong... 

Sun, 07/24/2011 - 18:07 | 1488694 CrashisOptimistic
CrashisOptimistic's picture

You gold guys are not going to be happy when very specifically gold and silver transactions have a 75% tax on them.

Sun, 07/24/2011 - 18:08 | 1488703 unky
unky's picture

not in my country, and if yes quickly move across the border to switzerland ^^

Sun, 07/24/2011 - 18:09 | 1488709 cossack55
cossack55's picture

"Only dopes pay taxes"

            Timmay the G

Sun, 07/24/2011 - 18:12 | 1488720 Jendrzejczyk
Jendrzejczyk's picture

Nobody has ever made a transaction without notifying the government.

Sun, 07/24/2011 - 18:13 | 1488723 Sudden Debt
Sudden Debt's picture

That's why I have some many "collector coins" :)


I COLLECT! I do not accumulate or speculate.... I sure do like collecting.

Sun, 07/24/2011 - 18:21 | 1488759 monopoly
monopoly's picture

Hey Sudden, the Euro just dropped out of bed. What is going on over there?

Sun, 07/24/2011 - 18:34 | 1488832 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The markets are calling the latest Greek "bailout" for what it is, default.

Sun, 07/24/2011 - 18:26 | 1488783 vocational tainee
vocational tainee's picture

ha ha,do you have a collector`s license?

Mon, 07/25/2011 - 04:11 | 1489933 Sudden Debt
Sudden Debt's picture

Yeah, I've tatoo'd my membership number on my dick.  If you want to read it, you'll have to rub it for a while.

Wanna see it?


Sun, 07/24/2011 - 18:14 | 1488726 scatterbrains
scatterbrains's picture

This is why I like copper as an inflation hedge more then pm's.  A rising copper price helps encourage and sustain the ponzi and there for less likely to be manipulated like crude and pm's.. plus should any meaningful wars break out it will quickly double in price.

Sun, 07/24/2011 - 18:23 | 1488771 Oracle of Kypseli
Oracle of Kypseli's picture

Copper pricing is also manipulated. Search ownership of copper warehouses and several articles about it

Sun, 07/24/2011 - 18:23 | 1488767 Mr_Potatohead
Mr_Potatohead's picture

Moron:  A 75% tax would only apply if you were stupid enough to sell and generate a paper trail related to gold sales.  The implementation of a 75% (or more) tax is exactly what I'm expecting.  This is the kind of thing that will reinforce my convictions to keep holding and accumulating gold until the crisis is over and gold finally is free again. 

Sun, 07/24/2011 - 18:26 | 1488780 monopoly
monopoly's picture

What a ridiculous statement. Where did you come up with that crap? I thought we got rid of the "brilliant ones guys". Some of these folks are from a different planet.

Sun, 07/24/2011 - 20:55 | 1489257 nmewn
nmewn's picture

"You gold guys are not going to be happy when very specifically gold and silver transactions have a 75% tax on them."


We don't need no stinkin taxes...Timmah's runnin around saying all we have to do is raise the debt ceiling and print our way to prosperity...what do they need taxes for?

Unless, its just to hold the middle/lower wage classes down and keep us off their golf course ;-)

Sun, 07/24/2011 - 18:08 | 1488697 Mongrel
Mongrel's picture

Think I'll celebrate with some ham wallet . . .

Sun, 07/24/2011 - 18:08 | 1488698 Lmo Mutton
Lmo Mutton's picture

Don't get to happy.  I am certain the .gov can screw this up also.

Sun, 07/24/2011 - 18:08 | 1488704 rubearish10
rubearish10's picture

It just doesn't take too much "balls" to BTFD! That's the sad part....especially this shallow a move for the magnitude of the problem. Some other "event" has to bring this down. Unfortunately, the game continues and no capitulation in sight. It just won't be that simple.

Sun, 07/24/2011 - 18:12 | 1488718 CrashisOptimistic
CrashisOptimistic's picture


On the contrary.  It's very simple, and in front of everyone's face.

Oil scarcity will take it down.  It is the underlying cause of all the problems.

Engines stop running smoothly when the fuel gets choked off.

Sun, 07/24/2011 - 18:17 | 1488738 rubearish10
rubearish10's picture

True and a very large component of strain on global growth. I'm just sayin', BRING IT ON!

Sun, 07/24/2011 - 18:18 | 1488745 roccman
roccman's picture

yep - no cheap unlimited growth...debt is unserviced...collapse


pretty simple math

Sun, 07/24/2011 - 18:09 | 1488707 Sudden Debt
Sudden Debt's picture

Azia sure does like more debt:

Ticker Volume Price Price Delta Nikkei 10,132.10        +121.72       1.22% TOPIX 868.81 +8.70 1.01% Hang Seng 22,444.80 +457.51 2.08%
Sun, 07/24/2011 - 18:13 | 1488712 virgilcaine
virgilcaine's picture

Short US Equity mkts.. No stop.. short the entire thing dow, sp , nas... yes that means you aapple.  This is lt trade..6 mos to a year.

Sun, 07/24/2011 - 18:22 | 1488764 darkstar7646
darkstar7646's picture

If you honestly believe that, you should've been in this position for almost three years now. Problem is, they can stay irrational longer than you can stay solvent.

Get out of the rigged markets, yesterday!

Sun, 07/24/2011 - 18:12 | 1488717 jbc77
jbc77's picture

Turbo Timmy on Fox today...."80 million checks in jepordy".

Well boys, got to get those 80 million checks out or cities start burning. Time to scare some seniors and welfare whores.......

Sun, 07/24/2011 - 18:12 | 1488721 monopoly
monopoly's picture

Now they are promising a deal Monday before afternoon tea. This is so embarrassing. What a laughing stock we have become. Pitiful.

Sun, 07/24/2011 - 18:14 | 1488724 Seize Mars
Seize Mars's picture

Come on pretty baby - Kiss me Deadly...

-Lita Ford, Macro Strategist and Rock Goddess

Sun, 07/24/2011 - 18:18 | 1488731 virgilcaine
virgilcaine's picture

Maybe the SP will close/stay below 1300 once and for all who knows anyone who says he does is a liar liar.

Sun, 07/24/2011 - 18:16 | 1488734 caerus
caerus's picture

no deal that they can possibly concoct will address the underlying least not in time...price discovery bitchez

Sun, 07/24/2011 - 18:16 | 1488736 candyman
candyman's picture

hazardous to your financial health...believing anything washington says, pure BS piled on BS.

Sun, 07/24/2011 - 18:18 | 1488740 Debtless
Debtless's picture

Gold just popped all time high 1615

Sun, 07/24/2011 - 18:18 | 1488744 bugs_
bugs_'s picture

if (SPX < 1337.0) buy(LEFT_HAND|RIGHT_HAND);


Sun, 07/24/2011 - 18:19 | 1488750 Threeggg
Threeggg's picture

Gold just went vertical $1616.43

watch live here FREE !



Sun, 07/24/2011 - 18:19 | 1488751 TheGoodDoctor
TheGoodDoctor's picture

Wow $1617.30!

Sun, 07/24/2011 - 18:20 | 1488752 darkstar7646
darkstar7646's picture

And remember, they can't stop this! The PPT is unfunded as well -- the last real step in the debt ceiling situation.

Sun, 07/24/2011 - 18:20 | 1488755 AldousHuxley
AldousHuxley's picture

government got their hot list:

Sun, 07/24/2011 - 18:21 | 1488760 10044
10044's picture

gold 1614.. is that right??

Sun, 07/24/2011 - 18:23 | 1488770 JonNadler
JonNadler's picture

no 1615

Sun, 07/24/2011 - 18:29 | 1488776 Threeggg
Threeggg's picture

You know every banker and short is throwing paper at it as fast as it comes out of the DellA920 All-in-One printer

Sun, 07/24/2011 - 18:23 | 1488769 Sudden Debt
Sudden Debt's picture

It's pretty clear gold will hit 1900$ by november.



Sun, 07/24/2011 - 18:25 | 1488775 dwdollar
dwdollar's picture

For tomorrow...

+100 DOW if no deal.

+200 DOW if deal.

Sun, 07/24/2011 - 18:25 | 1488778 Atomizer
Atomizer's picture

Banks need to bring on more fear because no none is buying the bullshit. /sarc

Gang of four - 5.45 (1979)

Sun, 07/24/2011 - 18:30 | 1488806 jmcadg
jmcadg's picture

nope 1617.75 so far

Sun, 07/24/2011 - 18:45 | 1488896 JonNadler
JonNadler's picture

wrong again 1622!!!!!!!!!!!!!!!

Sun, 07/24/2011 - 18:32 | 1488818 RSDallas
RSDallas's picture

The Fed has accumulated a lot of shares over the last 18 months.  Look for them to test Bonehead tomorrow.  That in and of itself might just cause a little panic.  My bet is that it doesn't which may just give the GOP what it needs to make the Dems look like the fools they are. 

Sun, 07/24/2011 - 18:32 | 1488824 monopoly
monopoly's picture

Well, this is nice, but to be honest, I am more curious as to where gold and silver will be a year from now, not worried about tomorrow, up 20, down 20. Changes nothing. And an agreement means 0, nada, zip. They will spend until it all blows up, the people finally wake up and then they are forced to act. That is the only time constructive agreements happen....When they have NO choice.

Sun, 07/24/2011 - 18:40 | 1488868 sbenard
sbenard's picture

Absolutely! My sentiments exactly! The fiscal authorities won't deal with the problem until a crisis forces them to! We must plan and prepare accordingly, because only on that day will they deal with the magnitude of our crisis.

Sun, 07/24/2011 - 18:37 | 1488845 sbenard
sbenard's picture

I don't really care what Wall St thinks! They're so drunk on government interventions, bailouts, stimulus, and monetary madness that they have no percpetion of risk. They drove stocks higher last week on pure rumors, none of which were reversed when the rumors were unfounded. It's time Wall St ended its Pollyanna Party had instead took a reality check!

Sun, 07/24/2011 - 18:37 | 1488846 JJSF
JJSF's picture

These days' logic says S&P goes up no matter what. But something tells me Treasury/Fed want to put some real fear out there by no intervention upon sell-off.

This is a tricky one.

Sun, 07/24/2011 - 18:52 | 1488935 loub215
loub215's picture

I think the "big boys" want some blood and panic in the streets... teach us mere citizens how it could be without their "benificent" intervention... 

Then it's Kool-aid time!

Sun, 07/24/2011 - 19:01 | 1488983 cosmictrainwreck
cosmictrainwreck's picture

yup.... just a matter of precisely how much, how long, how fast how deep the "dip" before everybody BEGS benzai the bankster to open the floodgates and "save us!"

Sun, 07/24/2011 - 18:43 | 1488878 RiverRoad
RiverRoad's picture

My take is: NADA happens to the US equity markets; the pros positioned themselves for this weeks ago and the little guy isn't in the equity markets anyway.  GOLD is where the power elites have been going for the last 20 years and GOLD is where they're going now.  What the hell else is all the kick the can STALLING about in Europe as well as the US if not to "position" their frickin' portfolios ahead of the little guy as usual???!!!

Sun, 07/24/2011 - 18:47 | 1488908 erg
erg's picture


Sun, 07/24/2011 - 18:59 | 1488951 Rockfish
Rockfish's picture

$57.21 per gram.

Shave me off 3 please.



1 gram Minimum


Sun, 07/24/2011 - 19:12 | 1489019 laomei
laomei's picture

Sittin on 2kg of physical now.. should have done this sooner :(

Sun, 07/24/2011 - 19:28 | 1489064 mfoste1
mfoste1's picture


Sun, 07/24/2011 - 18:57 | 1488960 Atomizer
Atomizer's picture

Rather than defaulting, bring on the new debt ceiling to debase our USD currency.

Sun, 07/24/2011 - 19:25 | 1489055 razorthin
razorthin's picture

Deal: buy on the news, sell 15 minutes later

No Deal: sell on the news, buy 2 hrs later

Sun, 07/24/2011 - 19:27 | 1489059 mfoste1
mfoste1's picture

usd/jpy next stop; 75.00

Sun, 07/24/2011 - 19:36 | 1489082 jbc77
jbc77's picture

All the idiot main stream news outlets are now providing u.s futures prints, "tracking the market meltdown". Ya know, it's almost as if the news outlets would like to see a Monday meltdown just to have a story to report on. We all know some no savings BS deal is will these retard politicians avoid real disaster when the cement filled can - can no longer be kicked?

Sun, 07/24/2011 - 19:55 | 1489128 dukeystick
dukeystick's picture


As Monty Python and the gang used to say, No One Ever Expected The Spanish Inquistion.  Sorry to say, the market does not crash when everybody is predicting it.

Sun, 07/24/2011 - 19:38 | 1489088 jedimarkus
jedimarkus's picture

Uh, yeah, call me when we go limit down, otherwise yawn yawn yawn...

Sun, 07/24/2011 - 19:52 | 1489124 statlawyer
statlawyer's picture

ES will be back positive by tomorrow morning, if this insane market is any guide, then we rip another 1-2% higher on absolutely no volume

Sun, 07/24/2011 - 20:15 | 1489168 Rockfish
Rockfish's picture

$56.97 per Gr = a movie with the wife. Whats playing? Why what else "Apocalypse NOW"

Sun, 07/24/2011 - 20:18 | 1489173 SheepDog-One
SheepDog-One's picture

Robotrader, alas we hardly knew ye.

Sun, 07/24/2011 - 20:30 | 1489196 sbenard
sbenard's picture

Wall St needs a cold reality shower after a 3-yr Pollyanna Party!

Sun, 07/24/2011 - 20:42 | 1489220 QuantTrader
QuantTrader's picture

Obama calling a presser for tomorrow

Sun, 07/24/2011 - 20:41 | 1489221 QuantTrader
QuantTrader's picture

Gold 1612! I have a Boehner!

Sun, 07/24/2011 - 20:42 | 1489228 jkruffin
jkruffin's picture

Let's hope the politicians are smart enough to let the S&P crash below 1000 back to reality before they pass anything.  Anything they pass is going to be a farce anyway, but they need to bring the Wall Street euphoria and irrational exuberance to an end first.

Sun, 07/24/2011 - 20:42 | 1489230 Iranian Dictator
Iranian Dictator's picture

They can't even sell this market off to a full 50% retracement before they are in BTFD. Nothing to see here, move along. Market will be green tomorrow.


Sun, 07/24/2011 - 20:52 | 1489248 Arch Duke Ferdinand
Sun, 07/24/2011 - 23:07 | 1489577 unununium
unununium's picture

Ding ding ding.  We have a winner.  Guess why we constantly hear about the greedy congressmen paying themselves too much?

Congress paying itself is exactly what those with disproportionate wealth and influence fear the most -- loss of control.


Sun, 07/24/2011 - 20:53 | 1489253 Yen Cross
Yen Cross's picture

  The FX markets are basically flat, and I suspect they will remain that way until the London Market opens.

Sun, 07/24/2011 - 22:24 | 1489477 Boston Wealth
Sun, 07/24/2011 - 23:21 | 1489610 caerus
caerus's picture

ES 1320 looks like toast

Next support around 1300

If you wish as I do to profit from the liars short at 1280, or for the more conservative, 1260

And for those more sanguine souls...


Mon, 07/25/2011 - 03:32 | 1489911 Overflow-admin
Overflow-admin's picture

Woah these monday openings are more & more amazing to watch. Gold&Silver berserk! Till the M A D horde wakes up...

Mon, 07/25/2011 - 03:34 | 1489912 Overflow-admin
Overflow-admin's picture

(double post)

Mon, 07/25/2011 - 04:14 | 1489934 eazyas
eazyas's picture

Silver bitchz, when does the bus leave ?

Mon, 07/25/2011 - 08:36 | 1490152 Ignatius J Reilly
Ignatius J Reilly's picture



You are fricken hilarious.  You can make the end of the world funny.  Can I send silver through the mail?  I'd write a check, but it seems hypocritical.



Tue, 08/23/2011 - 23:27 | 1593541 karmete
karmete's picture

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