• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

DAX Futures Flash Crash

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Mon, 08/01/2011 - 11:49 | 1512864 ads56
ads56's picture

VERY BULLISH

Mon, 08/01/2011 - 11:54 | 1512899 DormRoom
DormRoom's picture

It's that damn fractal algorithm pushing all indexes below their 200DMA to cause a system wide cascade.  Skynet is self aware.

Mon, 08/01/2011 - 11:49 | 1512867 PY-129-20
PY-129-20's picture

Fortunately I assumed something like this would happen. DAX needed a good correction. It should go even lower.

Mon, 08/01/2011 - 12:14 | 1513017 ZeroPower
ZeroPower's picture

Ran some stops at 7000. Obvs.

Mon, 08/01/2011 - 11:50 | 1512873 JimRogers
Mon, 08/01/2011 - 12:14 | 1513015 fishface
fishface's picture

DAX thats Frankfurt

mind you I can see some smoke in Paris too

Mon, 08/01/2011 - 15:58 | 1514180 Highrev
Highrev's picture

Across the board in Europe.

AEX, DAX, CAC, MIB, IBEX.

And EUR/JPY.

Big money flow into YEN via the USD too.

Nice spike higher in the Swiss Franc too (not all JPY).

Mon, 08/01/2011 - 11:50 | 1512874 Frog-And-Toad
Frog-And-Toad's picture

If this does come to the U.S. (or should I say when), will Silver/Gold all other commodities spike up, or will we see a repeat of 2008?

Mon, 08/01/2011 - 12:12 | 1513010 traditionalfunds
traditionalfunds's picture

Positioning myself for a repeat of 2008.

When there is no liquidity bids will go down across the board. Since its difficult to pick a bottom 
the plan is to scale in at 1450,1350,1250. Will purchase additional physical for core holdings @ 1250 and below.

Downside to 1000 is not unrealistic. New metals holders had a taste of the violent moves PM can make with the silver mini crash. 2008 repeat will shake out many.

Good Luck

Mon, 08/01/2011 - 14:11 | 1513601 JLee2027
JLee2027's picture

Or upside to 10,000 with Sysytem Implosion.

Mon, 08/01/2011 - 14:25 | 1513667 Spitzer
Spitzer's picture

That is right.

The guy is also running a risk of a bank holiday where he wont be able to transact, he is also running the risk of a bullion bank holiday. and he is running the risk in physical drying up.

Fri, 09/30/2011 - 07:58 | 1725243 rossi
rossi's picture

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Mon, 08/01/2011 - 13:41 | 1513495 Panafrican Funk...
Panafrican Funktron Robot's picture

We're in a different set of circumstances than in 2008.  I'm still actively adding physical.  The underlying value of gold in current dollars is ~$2,700.

http://research.stlouisfed.org/fred2/series/BASE

Fri, 09/30/2011 - 08:05 | 1725266 rossi
rossi's picture

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Mon, 08/01/2011 - 11:50 | 1512875 mynhair
mynhair's picture

Sell everything faster, Scotty!

Mon, 08/01/2011 - 11:52 | 1512887 Cdad
Cdad's picture

but Captain...I'm selling as fast as I can...and she   can't   take   much    more!

Mon, 08/01/2011 - 13:12 | 1513333 Goldenballs
Goldenballs's picture

Warp factor 6 and engines can,t take much more Cap,n.

Very Good Scotty.

Mon, 08/01/2011 - 11:51 | 1512878 oogs66
oogs66's picture

the governments have all their cards on the table and its not enough to fix anything

Mon, 08/01/2011 - 12:06 | 1512977 JohnG
JohnG's picture

Those are maxed out credit cards.

Mon, 08/01/2011 - 13:34 | 1513453 Mongrel
Mongrel's picture

Cards with nekkid pictures of Nancy Pelosi and Michelle Obama on them? Oh boy . . .

Mon, 08/01/2011 - 11:51 | 1512879 morph
morph's picture

Hit 6890

 

Mon, 08/01/2011 - 12:07 | 1512983 ItFarmer
ItFarmer's picture

6860 was the low print

was halted at 6941 and crashed just after the reopen

last 6955 who had shorted the reopen is 95 below now , dax future is 25€ a point

Mon, 08/01/2011 - 11:51 | 1512880 Debtless
Debtless's picture

Check out gold with the big $1630 fuck you to all.

Mon, 08/01/2011 - 12:03 | 1512962 Zero Debt
Zero Debt's picture

Oh oh...

CAC -2.3%

FTSE -3.87%

IBEX -3.25%

S&P -1.18%

Mon, 08/01/2011 - 12:10 | 1512998 EscapeKey
EscapeKey's picture

Every time it crosses 1,630, it is quickly beaten down again.

Mon, 08/01/2011 - 13:02 | 1513269 Lord Blankcheck
Lord Blankcheck's picture

1000 stering must protected....for now

Mon, 08/01/2011 - 11:52 | 1512882 Silverhog
Silverhog's picture

Reminds me of Yosemite Falls.

Mon, 08/01/2011 - 14:17 | 1513631 GoinFawr
Mon, 08/01/2011 - 11:52 | 1512888 RobotTrader
RobotTrader's picture

 

 

Crude Oil also flash crashing.

Instant tax cut for the U.S. Consumer

Los Angeles gas prices have outright plunged the last 3 months.

http://66.70.86.64/ChartServer/ch.gaschart?Country=Canada&Crude=f&Period...$/G

 

Mon, 08/01/2011 - 11:56 | 1512912 Quintus
Quintus's picture

Looking at the big picture, crude is crashing because as every fricking indicator in the world is now amply demonstrating, the economy is falling off a cliff.

I'm sure the cheap gas will be a big comfort to LA consumers as they drive about aimlessly looking for non-existent jobs.

Talk about missing the wood for the trees.

Mon, 08/01/2011 - 12:01 | 1512953 taraxias
taraxias's picture

He is a troll. He doesn't see the forest, nor the trees.

Mon, 08/01/2011 - 12:05 | 1512972 lieutenantjohnchard
lieutenantjohnchard's picture

good one.

Mon, 08/01/2011 - 12:01 | 1512951 lieutenantjohnchard
lieutenantjohnchard's picture

poor 'tard with his crazy bull call last night. as he circled the track last night with visions of a lulu lemon pair of yoga tights wrapped around his shoulder as if it were the usa flag, to the wild cheers of his star struck followers on zh, he forgot one thing. the market might not react as he deems. alas, the 'tard once again lives up to his claim proudly as the ultimate dumb money indicator.

Mon, 08/01/2011 - 12:13 | 1513014 JohnG
JohnG's picture

Yoga pants in a pile on the floor is a BEAUTIFUL thing.  Yoga chicks can do some *amazing* things.  Good things.  So, more LULU please, means more yoga girls, win-win-win!!

Mon, 08/01/2011 - 12:27 | 1513089 lieutenantjohnchard
lieutenantjohnchard's picture

i like the girl part.

Mon, 08/01/2011 - 12:33 | 1513118 hedgeless_horseman
hedgeless_horseman's picture

Gold(en yoga) bitchezzz!!!.

Mon, 08/01/2011 - 12:59 | 1513254 falak pema
falak pema's picture

but, but but, there is no Hellespont there!

Mon, 08/01/2011 - 13:01 | 1513268 JohnG
JohnG's picture

Now that's what I'm talkin' about!!

Mon, 08/01/2011 - 13:18 | 1513360 Sudden Debt
Sudden Debt's picture

looks like an expensive fuck...

 

Mon, 08/01/2011 - 13:39 | 1513477 lieutenantjohnchard
lieutenantjohnchard's picture

lol.

Mon, 08/01/2011 - 12:01 | 1512955 rsnoble
rsnoble's picture

No, your credit card will reset the charge to the higher amount after the problem is fixed. LMAO.

Mon, 08/01/2011 - 12:52 | 1513228 mt paul
mt paul's picture

robo

your call of dow + 250 last night

might be a touch off the mark...

 

fork lift long

silber

Mon, 08/01/2011 - 11:53 | 1512893 Cone of Uncertainty
Cone of Uncertainty's picture

The S&P just broke through the 200 day so, I'm sure everything will be fine.

Too many chciken shits around here.

Buy this dip you dumb fucks.

Fiat market prices are on fire, so get it while its hot.

Bernanke gots your back home nuts.

Mon, 08/01/2011 - 12:04 | 1512969 rsnoble
rsnoble's picture

first time thru the 200 is the best indicator btw

Mon, 08/01/2011 - 12:05 | 1512974 rsnoble
rsnoble's picture

'isnt'

Mon, 08/01/2011 - 12:31 | 1513113 Cone of Uncertainty
Cone of Uncertainty's picture

Don't down vote me fucker, this is a buy of a lifetime.

Wait until Friday when that jobs report is released, you will see how fucking strong the economy is.

Green shoots you ass hats!!!

LOL!!!!

 

Mon, 08/01/2011 - 11:56 | 1512911 B-rock
B-rock's picture

Wow, this is exciting!

Mon, 08/01/2011 - 11:56 | 1512914 Archimedes
Archimedes's picture

So the Teleprompter in Chief should come on and speak soon...no?

Mon, 08/01/2011 - 12:16 | 1513029 CrimsonAvenger
CrimsonAvenger's picture

When he damn well feels like it. We're on his clock, he's not on ours.

Mon, 08/01/2011 - 11:56 | 1512915 Aductor
Aductor's picture

I saw DAX futures as they dropped and actually thought my feed was broken...

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