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And They're Off: ES Down 31, DJIA Futs Down 274, Gold Surges To New Record $1692
The first prints are in: ES down 31, DJIA down 274, and gold, natural, welcomes our new centrally planned overlords by hitting an all time high of $1692.
Gold:
Update:
Print 2 - Brian Sack enters stage left to protect Friday lows.
Update:
Print 3: Exit Brian Sack stage right
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lol, Lovely welcome.
One of my blog readers just contributed this source, check it out: Thx!
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
Lovely. Thx.
Snidley (downthread) just contributed this one:
http://finviz.com/forex.ashx
Thx!
You're welcome... If you click on the commidity of interest you can spread out the chart.
Here is another showing the same plus many more crosses, commodities, etc...
http://finviz.com/futures.ashx
the 15 minute delay on futures isn't that great, though.
It's fine for me cause I don't trade paper... and, I have been into PMs since 1968... what the hell is 15 minutes to me? lol
NYSE tomorrow
http://www.youtube.com/watch?v=S8H2FIf1oH4
Anyone know the historical ratio/spread b/t gold and platinum? Reason, Gold spot is at 1683 and Plat spot at 1719. Or is that Plat a different measurement? Or maybe Plat futures are not trading now 18:34 Central time?
All things being equal it would appear Plat is (under)valued relative to Gold. Or am I missing something?
Think of it like stcks: Gold is the "Blue Chip", silver & platinum the newly fashionable growth stocks. When tims get scary, people run towards the safer one.
Don't fall into the trap of assuming a unifom price rise. This isn't that kind of environment. With a depression gutting industrial demand, those dependin on such for a significant amount of sales (e.g., Ag & P) will lag.
Piper is demanding PAYMENT!!!
http://www.telegraph.co.uk/comment/columnists/janetdaley/8685945/If-we-a...
Hahaha...looks like even the brits are waking from their koolaid induced comas!
As if you can have separate entities like that in the first place. If the writer is that ignorant, woe to the common man.
Poor Janet.
She's still living in the goose laying the golden egg world. The goose is hanging upside down dead in the fascists butcher shop.
I'm thinkin more subzidation of cronies is in order here ;-)
You can't separate them at all.
Commerce goes full-stop in this country if the welfare class is not kept quiet. Sorry, but that's reality.
Don't like it? Start shooting -- yesterday.
As long as you can convince us that "reality=nonsense" then we believe your "reality."
Nobody cares what sob-sister socialists say on a web-board, Sorry, but that's reality.
BooHoo.
the defence line stands at $1700
and it's off to the moon at $1764.
Bernanke and the cartrel will move to sell it off soon. Like silver a few months ago. He will loan gold to leverage QE 3, so he will do it right before.
Bernanke! Loan your gold to me! Limited time offer!
Er...sorry, I meant Bernanke's Tungsten.
exactly, thats why they try so hard to defend $1700, because when it clears that level we can see $1764 quickly. But judging by the action in the silver market the EE is still in control.
or maybe FOFOA was right about silver....Gold is the real thing, silver is not.
the buzz in certain quarters is silver out-perfomed in past - had it's "turn". Going forward Au outperforms
I don't know, silver should do real well. However, all the players in the know, all of them, are stacking gold.
Spitzer, Smiddy,
You both know that it is mostly gold for me. I do have small positions in the other PMs, but gold is by far the bulk.
Gold is mirroring silver's recent run up. At what price does Bernanke reloan his tonnes at, because that should send the price down. Does he do it righht before he announces QE 3? I bet so.
I've seen this play out many times.
Silver will be silver. It might run through your fingers like... quicksilver if you are not fast enough.
Helicopters dropping green reinforcements behind the lines.
I have seen this so many times before. I go to bed and the futures are blood red. I wake up before the roosters and the damn things are green. How are they going to accomplish this tonight?
Trading this market is going to rip the limbs off of a lot of people. The problem with being a bear is that you have to time it right or you end up wandering through the woods trying to locate your testicles.
Bro! put some monster boxes within reach.. next to lagre caliber fire arms.. and you will be fine.. you should not be swiming when the rip currents are this strong any way.. kick back and enjoy a few days rest and back test some new, new, new normal stuff. Hire a new C++ guy.. take the kids to rollercoasters! just enjoy the forced vaca!
The futures finally updated on CNN's finance site.
Dow -287
NASDAQ -54.75
S&P 500 -31.7
That deserves a Mister Yuck label like we used to have in the '70s.
Add to the box...
Absolutely JW, physical gold and silver is a very tranquil trade. Fed just raided your profits? Just wait a week or two and the trend continues.
and the kommunists will do their best to rip ur balls off to make da bears extinct
here's a piece of advice: just don't get too greedy if you are making $ as a bear
Flight control I can't hold it.....she's breaking up, she's breaking.........BOOM!
Your orders are to NOT break radio silence.
HA - Steve Autin, a man barely alive...
Was soll dass? Gold is schon 1687? Warm geht es nicht ueber 1700?
I hate when people write posts in Ebonics.
Abwarten und Tee trinken. :) - 1776 -
Fragen sie mir ich weiss nicht!!!
Warum werde ich nicht satt???
Goen effin einself!
Well, I think you got the idea.
My Gerbonics is bad.
+++
A new word!
LOL, the first line is actually an old inside joke amongst a small group. Its piss poor German, but we meant it to mean "ask me a question for I do not know" Wasted youth as it were...
Immer mit der Ruhe Schlachtmeister!
Ich bin ein ZHer! Der bitchez!
And when Bernanke announces QE3 tuesday, it's gonna be even more epic.
Regardless of what precipitated the S&P downgrade, isn't it the first time any real action has been taken against the money printing?
I think the stock market has priced in QE3, having experienced QE2. How else can you explain NFLX, PCLN, CMG, LULU, PCLN, etc.? The only problem is that it is now clear that Bernanke's Printing Club may have to pay a penalty for future runs on ye olde Heidelberg.
We should seek wisdom from our new resident troll/whore/shill for an answer.
To wit:
by MillionDollarBonus_
on Sun, 08/07/2011 - 16:35
#1533798
I personally will be buying the dip in long-term bonds. Obama is a strong and courageous leader who knows how to inspire confindence. Congress has demonstrated great courage with their bipartisian compromise, which bodes well for the future.
long booze and red bull
2x long SBUX and 2x long spainsh vino
Case of Four Loco in the fridge for me...
Red Bull + vodka + Jager Meister = A morning of vomiting, intense pain, shame, regret and possibly an STD
But it's worth it, unlike this disaster.
im in
Rye whiskey, 90 proof, glass of water as my wing-man!
Mezcal and ladies.
well..
got ammo?
got food (dry goods)?
got gold?
got silver? (clean water is more important than people remember?
they can test the markets for weakness to spread the banking blanket of lies.. but if they let their ego's get to far out there the whole thing could come down on our heads!
No porn or whiskey? With your plan the living will envy the dead.
Porn? Nope, got the real thing.
Whiskey? Nope, gotta keep a clear head.
As for JW's list: check, check, check, and double check.
Tobacco and weed to sell for silver......How much for the women?
well, you are welcome on the boat.. but I am not married and your wife might not like you running around on a boat full of professional entertainment.
I am trying to keep you out of divorce court! half is a LOT!
Man, I thought those items go without sayin'.
for the new people!
all of you are welcome on the boat..
Big spike up in both Gold and Silver and an immediate push back down. 'They' are all over both metals. Can they keep them down???
The .10 ounce gold eagles currently have an ask of $200 on Nucleo Exchange. I believe that is a first.
China the safe haven? How is it not??
It would be about the last one. RMB the new reserve currency?
Dow futures would probably be down by over 500 without the ECB jawboning.
we will get there... No QE3 and the PPT is oughta bullets!
QE3 starts tonight, or this market circuit-breakers tomorrow.
I'd be so out of this market right now (if you're short, you might get your face ripped off if they start QE3 -- if you're long anything, you're an idiot!), it's not even funny.
Gold up $22.65
Silver down $.03
The premiums on gold at bulliondirect have not come down. It is still $72 on a 1 ounce bar.
See my prediction earlier today.
#1533111 on second page
It looks like it will work.
Whew! That was a close one...
Was soll dass? Silber is fast ROT!!!!
Es wird nachgeladen Schwachkopf!
WHOOP, WHOOP, PULL UP! WHOOP, WHOOP, PULL UP!
Mr. Hanky has walked directly into the fan
Is that a bank holiday I see coming around the corner???
That's what I'm worried about. Still haven't hit up the ATM. Was thinking of waiting until morning, but maybe it'd be best to get there tonight.
Especially if your bank is Bank of Americountrywidelynch.
Wells Fargo
One of those got robbed around here on Fri, big take from what I understand.
What, the horsey wagon couldn't catch the robbers' Pontiac?
That and make sure your pantry and fridge are stocked!
Wait! I haven't finished properly securing my hands to my ankles!!!! Hang on to something tight anyway. This might be an all-nighter. Remember, there is probably 10X's as much money watching for the right move. If this thing gets a head of steam on we may be looking at another Tele Viv.
"Tel Aviv Stock Exchange plunges on U.S. credit downgrade
August 7, 2011
JERUSALEM (JTA) -- The Tel Aviv Stock Market experienced its largest one-day loss in nearly three years in reaction to the downgrade of the U.S. credit rating.
The exchange's TA-25 benchmark index of 25 stocks fell 7 percent on Sunday to 1,074.27 -- the biggest drop since November 2008 at the beginning of the global economic crisis -- despite a delayed opening by nearly an hour to allow traders to react to the news on the U.S. downgrade without pressure.
Standard & Poor's on Aug. 5 downgraded the U.S. credit rating from AAA, the top designation it had held since 1941, to AA+. The downgrade is likely to result in steeper interest costs on U.S. government bonds, eventually leading to less disposable income.
Analysts reportedly believe that Saturday night's massive protests throughout Israel against the high cost of living also contributed to the plunge, Haaretz reported.
Since the Tel Aviv Stock Exchange operates Sunday through Thursday, it was one of the first stock exchanges worldwide to react to the U.S. credit rating downgrade. "
Scotty, now would be a good time...
http://www.youtube.com/watch?v=q0m9E1QY-g4&feature=related
"Captain, I canna change the laws of economics!"
"The algos are buckling Captain! They canna take much more of this!"
reminds of a joke that starts off "how many PhDs does it take to rig a market?"
this is too obvious. expect the unexpected
I predict the breakers will activate at about 0931 tomorrow morning.
we need an over under and a pool for the exact minute!
If we breaker, we breaker on the open. Probably about 9:35.
With two major indices in the world already down about 6-7%, it's not infeasible. The real question is going to be Asia and Europe. If they continue this rout, QE3 happens tonight.
It's not just you! http://www.zerohedge.com looks down from here.
Check another site?
High print 1697.70 gold, well over 5000 contracts traded in first 5 minutes wow.
http://johngsdotcom.wordpress.com/
http://www.browardpalmbeach.com/bestof/2005/award/best-breakfast-on-the-beach-33230/
Why does AUD sell off on XAU spikes? I thought it was a commodity currency?<
http://www.youtube.com/watch?v=RY2YNvi_Jpg
Michael Hasenstab
Doesn't look like AU can break throuhg 1690 for very long before there is some high volume selling. I think 1690 might be the top until we get some more news tomorrow.
you guys are overdramatising , 15% decline is nothing for stocks, if you cant handle it you should not be buying, which i guess you are not doing anyways. Insiders knew the SP downgrade on Friday, they will shake a little bit more, and stabilize. This is how it should have been working before, if not for QE2.
+1
Just got paid today...
http://www.youtube.com/watch?v=db94lyKYOcg
I'm earning 1% on 10 BIG moves! @ least it's paid Daily!
Technical/fundamental indicators! Wall Street has gone Flash Mob!
Sorry, we have not yet cracked 1165.50. WE ARE STILL INSIDE FRIDAY'S TRADING RANGE !!! HA HA HA HA!! RISK ON!!!!!!!
hahahahahahaha please tell me you're a buyer here.
This, ladies and gents, is why some people should not use cocaine.
I see the fun has already started. Excellent!
Thank you ZH for the front row seats!
Trading the markets on a 1 minute chart (or even a 30 second chart) is just about the only way to do it, when volatility is all over the place. I've tried five second and ten second before now, but they just go everywhere too fast for my liking.
Oh yeah... and don't stick to the standard settings for anything like MACD, RSI, Stochastics. Larger Fibonacci numbers are your friend, IMO.
S&P DOWNGRADE RALLY!!!
CNBC ... this is good news now that the downgrade is behind us
Hey ... only downgraded to AA+. All those who jumped ship on Thursday were probably expecting worse? Don't worry though, it's all priced in. The only question mark is how the market is going to react to the news that Timmy is staying on as Treasury Secretary.
Gold up 1.56% ... ES down 2.38%
THE BERNANKE, TRICHET, SACK, and SACHS ALL PUMPING IT UP!!!! ROBO-TRADER REVENGE RALLY LIFT OFF!!!
Haven't seen Leo around for a few days
Count your blessings --- and leo's losses on eurobonds.
Schadenfreude: it's not just for lunch with leo anymore!
Ha ha!
As of Sunday, August 7, 2011, leo kolivakis is no longer associated with ZeroHedge --- Tyler told me that in a personal email response.
Shout, that will help.
Shouting, the universal translator.
Furious action ... http://finviz.com/forex.ashx
$1692.60 with a spike around $1697 ~
Interesting times
+ $1690
Another great tool Snidley, thanks for sharing it.
A pleasure... Here is another that has the same data plus many more commodities and currency crosses.
http://finviz.com/futures_charts.ashx?t=PL
Hoover curser over item of interest to see candle trading, click on item of interest to see expanded chart.
I also posted this link upthread...
Trading, not even thinking about it. That is nuts. Our physical is good, guess miners will get hit again tomorrow on margin calls for crap stocks. This is just getting started guys, just getting started.
PPT will be out tonight
I just checked Gold Shark and gold American Eagles from APMEX are more than $100 over spot.
CME Margin Hikes to 'protect us' in 3 ... 2 ... 1 ...
2500 TZA and 50 DIA Sept puts. Come to poppa.
GUYS WHEN YOU BUY/SELL COINS PHYSICAL IN US, WHAT ARE THE SPREADS OR COMMISIONS LIKE, LIKE WHEN U SAY $100, WHERE IS THE BUY AND SELL?
omer; a good dealer quotes the spot price, you agree they lock it in and I pay about 5% over spot. Does not matter if gold is down 100 or up 100. Any dealer that plays that game should be avoided. Hope that helps.
A reputable dealer will not increase the premiums. You lock in the spot price same premium. Many do try to take advantage though. Ahh, America.
Been on a self imposed protracted exile from the markets. Jumped back in Thursday mid morning on some generic positions and made an 11% gain. Still holding 'em, expecting exceptional goofiness Monday morning.
Been looking at DRV for a long long time, wondering if it is a bus just leaving the station and if its worth the long ride. Lots of pros and cons to it. Mixed emotions, conflicted logic and some drastic conclusions if it goes either way. Anyone else scrutinized this bad boy?
No PPT tonight. Only works on the margins. If they do it on this kind of day they must see the whites of their eyes before they shoot.
(Night is young, but first moves aren't 'riot in the streets' . . . yet)
DOW - DOWN 309 NOW and dropping by the second.
.
Tax cheat, Timothy Geithner: "It's the S&P that doesn't understand math."
Spring 2009, Geithner's economic plan is laughed off the stage at the University of Beijing by Chinese economic students.
Summer 2009, Joseph Stiglitz says privately US unemployment will be 10% for years to come.
Summer 2009, Larry Summers privately echos Stiglitz on US long term high unemployment and poor economy.
Spring 2011, all of Obama's economic advisors are gone except for Geithner.
April 2011, Geithner says there is no danger of US downgrade. None.
It all will change by Morning. Ironically Aussie Dollar is
going down against USD. Hey and by the Way Dollar going
back up against Swissy as well. Wait till Shit settles down
I have a feeling that GOLD will drop from this high later on,
as profit going to be taken to meet margin calls.
Did it occur to your crystal ball that the Aussies might be intervening in their currency?
Same for the Swissy... In fact, they have been intervening for months... where have you been?
'I have a feeling gold will drop'... lol
I have a feeling that you need a new crystal ball... troll
...and here is a fact, not a feeling... DJ futures down 280...
http://finviz.com/futures_charts.ashx
We'll talk tomorrow, troll, ok? Those movements now are irrelevant. So far Dollar has been rising. DJ movement will depend on how massively ECB will intervene and buy Italian bonds. DOW could finish up green tomorrow. Nothing goes in one direction all the time.
Thanks monopoly, I wondered how it is over there, here in Turkey there is a daily quote-i guess official-it is about 2% between buy sell, everwhere. we have the 2nd biggest phycial market in the world after India as far as i know.
Omer 10... do you have a link to your quote-i? Thanks
Here is a link to Finviz... http://finviz.com/futures.ashx
and an abreviated version
http://finviz.com/forex.ashx
jim rogers on cnbcw - "i told you so fuckers" well thats what he should say anyway
Jim Rogers has been warning of this for a long time.
Has Obama made any sort of statement yet? Seems like it would have been a Presidential sort of thing to do...
We are going long ES mini futures "balls to the wall" right now ZH boys. See you in the Seychelles.
Can you bend over then pull them down to your ankles. I wasn't asking.
Jim Rogers is on CNBS World talking about debt, S&P rating, why it wasn't more...Gold convo upcoming.
said u.s. is "bankrupt"
And...OF COURSE, you can literally see the attempt to 'walk up' the futures with relentless buying pressure.
Unfucking real. They are going to try it tonight? We'll be -11 on the DOW by the open.
[And...OF COURSE, you can literally see the attempt to 'walk up' the futures...]---Boilermaker
Easy, Boilermaker. The next crushing collapse is on the way.
zomg back to the old format? i'm getting all nostalgic n shit.