• Gold Money
    05/03/2016 - 11:35
    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

And Treasury Futures Are...

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Sun, 08/07/2011 - 18:33 | 1534233 Id fight Gandhi
Id fight Gandhi's picture

Rates will still stay low. Qe3 and the kitchen sink!

Sun, 08/07/2011 - 18:33 | 1534234 Flakmeister
Flakmeister's picture

Is this really a surprise?

Sun, 08/07/2011 - 18:33 | 1534235 oogs66
oogs66's picture

this should drive stocks tonight i think

Sun, 08/07/2011 - 18:33 | 1534236 NumNutt
NumNutt's picture

Pizza, check

Beer, check

Guns and ammo, check

Let the fun begin.....

Sun, 08/07/2011 - 18:44 | 1534284 NumNutt
NumNutt's picture

Dow futures -301, it is going to be a long night....

Sun, 08/07/2011 - 18:47 | 1534308 NumNutt
NumNutt's picture

-310, hmm I think I need to run out to the ATM, be right back......

Sun, 08/07/2011 - 18:56 | 1534334 Long-John-Silver
Long-John-Silver's picture

It'll be empty by the time you get there.

Sun, 08/07/2011 - 19:02 | 1534368 monopoly
monopoly's picture

That was great Long John, "empty". :)))) +1

Sun, 08/07/2011 - 21:35 | 1534820 trav7777
trav7777's picture

211 now...bovespa up big so is Mexico...go figure

Sun, 08/07/2011 - 19:12 | 1534404 mailll
mailll's picture

We would be shooting the wrong people if it comes down to this.  Our bullets can't reach the real culprits.

Mon, 08/08/2011 - 08:43 | 1536459 Chump
Chump's picture

You're exactly right.  Since it's hard to march on Wall St. and DC on an empty stomach, we'll just sit around and rip ourselves apart instead.  Sad.

Sun, 08/07/2011 - 18:34 | 1534239 slaughterer
slaughterer's picture

Dollar is paring losses.  Almost at break even.  OMG!!!

Sun, 08/07/2011 - 18:40 | 1534264 Nate H
Nate H's picture

downgrade is not the real story here (though it means austerity longer term)

real sh*tstorm is europe/italy etc 


dollar sold off friday due to leak of downgrade - now we are back to focus on eurozone becoming federation...treasuries still the deepest most liquid place on earth (until theyre not)

Sun, 08/07/2011 - 19:32 | 1534498 pupton
pupton's picture

And TBT will be a bad bet until it's not. It's part of my SHTF portfolio.

Sun, 08/07/2011 - 19:27 | 1534481 darkstar7646
darkstar7646's picture

Probably another intervention by parties like the Bank of Japan - they already openly did it once last week.

Sun, 08/07/2011 - 18:35 | 1534245 slaughterer
slaughterer's picture

Now that we have the S&P downgrade behind us.  LET'S RALLY!!!

Sun, 08/07/2011 - 18:38 | 1534255 maxmad
maxmad's picture

NO QE3 coming... we could carsh!

Sun, 08/07/2011 - 18:46 | 1534299 PeterSchump
PeterSchump's picture

Carsh is optimistic.

Sun, 08/07/2011 - 19:27 | 1534484 darkstar7646
darkstar7646's picture

Gotta think this just moved up the timetable of QE3 to about the next 24-36 hours, instead of a few days, weeks, or months.

Sun, 08/07/2011 - 21:00 | 1534656 Papasmurf
Papasmurf's picture

No need for carsh when there's Mastercard.

Sun, 08/07/2011 - 18:39 | 1534256 Spastica Rex
Spastica Rex's picture

Repetitive troll is dull.

Sun, 08/07/2011 - 18:37 | 1534250 trade the day
trade the day's picture

US Treasuries Bitchez!  Must be a lot of forces at play here.  Proceed with caution.

Sun, 08/07/2011 - 18:37 | 1534251 max2205
max2205's picture

Got ATM?

Sun, 08/07/2011 - 18:58 | 1534335 boricuadigm-shift
boricuadigm-shift's picture

Why the ATM?  Are you expecting a bank run?  Please throw some logic.

ATM = At the money
ATM = Automatic Teller Machine as in you better have some cash?

Sun, 08/07/2011 - 19:07 | 1534386 aramsogo
aramsogo's picture

ATM = Ass to Mouth

Sun, 08/07/2011 - 19:31 | 1534494 TheDriver
TheDriver's picture

[sigh] The Internet ruined me. That's all I think about now when I see ATM.

Sun, 08/07/2011 - 18:38 | 1534253 RockyRacoon
RockyRacoon's picture

Treasury Futures -- now there's a classic oxymoron.

Sun, 08/07/2011 - 18:39 | 1534257 Yen Cross
Yen Cross's picture

 Geese give me the " Vanilla Options" @ xau 1.8k.

Sun, 08/07/2011 - 18:39 | 1534258 Caveman93
Caveman93's picture

Gravity is a bitch ain't it?

Sun, 08/07/2011 - 18:41 | 1534266 FoieGras
FoieGras's picture

TNU11 quoted @ 127'110.. up 0.25% on my screen. Barely moved.

Sun, 08/07/2011 - 18:45 | 1534281 Bear
Bear's picture

USU11 is up on the day ... SP rating is joke. Downgrade debt and its value rises

Sun, 08/07/2011 - 19:40 | 1534534 DosZap
DosZap's picture


SP rating is joke. Downgrade debt and its value rises 


You have to remember, S& P, the world, is fighting a war with the Beast, the one that started and then financed at LEAST 2 World Wars.

They will be brought down, when and if their good and damn ready. NOT until.

We are puppets, they are the PUPPETMASTERS.

Never forget it.

Sun, 08/07/2011 - 18:46 | 1534300 NoClueSneaker
NoClueSneaker's picture

Tricheur wants to continue to kick the can .... Supermassive black hole feeds ..... How long before crosshair on the head of dwarf Napoleon ?

Sun, 08/07/2011 - 18:47 | 1534305 buzzsaw99
buzzsaw99's picture

the upside down usa treasury finally quacked up.

Sun, 08/07/2011 - 18:48 | 1534310 slaughterer
slaughterer's picture

Central Banks want bulls to win.  Bears have only Monday to enjoy, and then the BERNANKE announces his next move on Tuesday.  Not much time.  Have fun while you can.  Bear slaughter Tuesday.  .  

Sun, 08/07/2011 - 18:53 | 1534324 css1971
css1971's picture

Um. ~2 months to the bottom.

Sun, 08/07/2011 - 18:50 | 1534319 youngman
youngman's picture

Wierd night............. its going to be a very wierd night...sung to the Black eyed peas song..I have no fucking idea what is going to happen....this market is so rigged with Governments and HFT computers.....I just don´t know

Sun, 08/07/2011 - 18:54 | 1534325 adr
adr's picture

if futures were up in the middle of the night then i would be worried. at night people tat actually know a thing or two are trading. with futures down this much it pretty much guarantees a PPT action. when i wake up i fully expect futures to be green and follow with a major rally.

unless we actally start trading with any type of rational thought and intelligence. like that is going to happen.

Sun, 08/07/2011 - 18:57 | 1534339 HungrySeagull
HungrySeagull's picture

I am sitting at the Silver and the sellers are playing courtship.

The sharks such as me continue to circle the edges of the target prices waiting to strike.

It's going to be a very long night. Thank god I heft metal coin instead of paper stocks.

Sun, 08/07/2011 - 18:59 | 1534347 Long-John-Silver
Long-John-Silver's picture

I'm not so much worried about a run on the banks as a run on the grocery stores.

Sun, 08/07/2011 - 21:55 | 1534928 StychoKiller
StychoKiller's picture

It'll take a few daze before the Ignorati figure things out...

Sun, 08/07/2011 - 18:59 | 1534352 FoieGras
FoieGras's picture

Bond market telling S&P they can go f*** themselves. The bond market has it's own intrinsic rating system. Currently it says Italy is crap and USA is AAA.

Sun, 08/07/2011 - 19:09 | 1534394 Spitzer
Spitzer's picture

No asshole

The ECB just doesn't want to destroy their Euro currency by buying enough Italy debt to make it appear safe like the Fed is doing. If the ECB bought as much Italy debt as the Fed buys US debt, Italy would look safe too.

Sun, 08/07/2011 - 19:09 | 1534395 Spitzer
Spitzer's picture

No asshole

The ECB just doesn't want to destroy their Euro currency by buying enough Italy debt to make it appear safe like the Fed is doing. If the ECB bought as much Italy debt as the Fed buys US debt, Italy would look safe too.

Sun, 08/07/2011 - 19:17 | 1534432 Doña K
Doña K's picture

Buying Italian bonds is equivalent to buiyng a factory pre-rusted Fiat 500. I think you've been eating too much French food.

Sun, 08/07/2011 - 21:32 | 1534807 tmosley
tmosley's picture

You do realize that most of that "market" is the Fed, right?


Sun, 08/07/2011 - 19:00 | 1534361 GD
GD's picture

A Franco-German assurance is not enough to stop the real situation. The EU is in deep trouble. Italy is broke. Spain is broke as well. Ireland, Portugal. Drachma dudes are all broke. Unemployments over 20%.. Stiff fiscal police now will mean pain for those countries immediately and will take years to take effect.Riots and other mass frenzy will soon break out. EUR is doomed as it is presented at the moment. The US printing money, Qe3 coming up. Preasure on EM, weak USD, Gold up, JPY dudes interventions. As some very good articles point out here at ZH and other sources, we have entered a whole new economical era. Unfortunately it is a dark one. Sad fucking scene.

Sun, 08/07/2011 - 19:05 | 1534375 jkruffin
jkruffin's picture

Just dumped all my gold and silver....thank you for all the gains....you can best believe that Gold and Silver are going to get taken down as part of the ECB/Bernanke attack this time....the paper trade will demolish gold and silver prices going forward.

Sun, 08/07/2011 - 19:13 | 1534410 Long-John-Silver
Long-John-Silver's picture

Will you come back crying when Gold is >$2,000 and Silver is >$50?

Sun, 08/07/2011 - 21:03 | 1534674 Papasmurf
Papasmurf's picture

All in or all out is a losing strategy. 

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