This page has been archived and commenting is disabled.
Gold Outpacing Oil YTD As Stocks Disconnect Again
Late in the day as news broke of Iran nuclear talks, Oil lost some of it sheen and Gold overtook it year-to-date. Gold is now up 3.6% YTD against stocks up 1.9% (and the USD up 0.75%) as we saw stocks on their own today compared to credit markets and broad risk assets. Instead of following yesterday's stability post-Europe, FX (from a USD perspective) continued its uptrend as equities (led by financials - led by BofA on refi rumors) surged into the green as high yield credit, investment grade credit, and high-yield bond ETFs all lost ground on the day. Treasuries did sell-off (directionally correct at least) with stocks rallying but did not move as much on a beta-adjusted basis (even though 30Y is now 16bps wider this year).
US equities (BofA +11.1% YTD against the next best JPM at a mere 3.3% YTD seems - as we said earlier - a little bit of a stretch) disconnected once again from credit markets...
..and from broad risk markets in general (CONTEXT).
and Gold inches ever closer to its 200DMA and is now outperforming stocks and Oil on the year...
though the fact that Treasuries did not sell-off as
much as stocks would have 'expected' and the USD strength diverged
dramatically from recent relationships is notable...
As EURUSD ends at its worst levels of the day holding under 1.28.
Charts: Bloomberg
»
- 6387 reads
- Printer-friendly version
- Send to friend
- advertisements -
Hummus and gold bitches!
We have moved from the EuroRumor™ to the AmeriRumor™ in 2 short months. Anything to keep the clown show from getting rained on.
Don't forget IranRumor™. You know those guys don't have a Central Bank right? They're evil those people who don't play with our central banks.
"Gold is now up 3.6% YTD against stocks up 1.9%"
$1361 YTD $1620 = +18%
Solars and Renowable Energies¡ Kaput
Call Algore for another doom heated world.
Can you say military coup?
http://p.washingtontimes.com/news/2012/jan/4/inside-the-ring-215329133/?...
OBAMA TO SHARE SECRETS
jan 5th....ytd....thats funny....more like wtd...........
Market talk that the S&P downgrade of EZ is postponed till Monday, January 9th.
Source?
A monday downgrade would sure be awesome in terms of action.
At this rate, we will be at $4100 by years end, and thats OK by me !
Easy Laslo. Put the ruler down.
Hey DB, show me the money !
So, No Massive Refinancing Plan Coming After All
The White House has just denied rumors it plans a massive mortgage-refinancing effort, Bloomberg is reporting, poking a hole in today’s rumor-filled market souffle.
Bank of America rose an astounding 8.6% today, easily outpacing a flat market, and way outperforming its poor suffering brethren in Europe, at least partly on rumors that the Obama administration has a big mortgage refinancing plan in the works.
As Joe Weisenthal pointed out earlier, this is not the first time this rumor has floated around, and it’s not entirely clear how much it would help Bank of America, but the stock ripped higher anyway, and eventually pulled the whole market up with it.
After all, as goes Bank of America, so goes the rest of the market.
According to Bloomberg, this rumor will amount to nothing after all.
As for the broader stock market, it was another big Nada Enchilada today, with the Dow down about 3 points (Bank of America didn’t help the price-weighted index much), the S&P up about 4 points and the Nasdaq up about 22 points.
http://blogs.wsj.com/marketbeat/2012/01/05/so-no-massive-refinancing-com...
My prediction for 2012 is that gold will end the year higher for the 12th year in a row.
Who said predicting the future is hard? I'll even go one better: I predict that silver will
outperform gold in 2012. How's that for sticking my neck out?
deflation is a bitch..........beware.............
it is until they go in full on print mode. I do agree though that there will be one more deep pull back in the pm's before they crack up boom to the moon.
Agreed, there is NO FUCKING WAY the Bernank is going to let deflation happen...NO FUCKING WAY. The banks, his pupet masters' balance sheets would be shit. NO WAY! Ink em up and start printing.
zorb, i would say you have a nice set of armor on, and neck pading under the armor.
any sword will take the blow and you are ok. long armor, G & S Phys, lead in its finish good, short jpy and treas.
anything i missed?
Late in the day as news broke of Iran nuclear talks,...
we knew that china was happy w/ the whole oil situ...
and it was also fun to watch the Dow futures flipping colors coming down the stretch, in celebration
commodities were generally red and down across the board (but not PMs), giving up some of yesterdays QE-hopeful gains so everyone can continue to be optimistic and pretend inflation won't go ape-shit too soon, this year...
with the fiscal and monetary integrity that goobermints & centralBanksters are exhibiting, i don't see how anything could possibly go wrong, do you? /s/
It has nothing to do with any news item; certainly not the one cited. I'm short CL from 102.45 basis June 2012 on the CME. The tone of the market is bearish. Sellers are trying to make deals under spot; etc. it's called supply/demand. Trying to interpret markets by reading news is pitiful at best; and usually very expensive.
It looks like the prediction of the death of BAC was a little premature. Disclosure; long from $5.76 at two to one margin.
I'm seeing mid 8+ still left in this pop in bac coming in the next few days Remember nutsack and crew create the rumors to provide cover for covert manipulation.. doesn't matter if it's all bullshit or not.
2nd article offering analysis based on YTD number. The Year started 3 days ago. WTF
must say kinda soon for a trend to make. but wtf, worth a laugh.
maybe this will heat up sooner than I was hoping. it is an election year.
think of this; soooo much change and flim flam one can't keep up- much less a government bigger than ten titanics.
what happened to corzine and mf/jp squid and chi x? do we even have an atty gen (holder smolder), solar gate, insider traders-sec hopeless.
think about 16,000 cia, military contractors and an virtual minitare dc left behind in iraq, keeping an eye on mideast. tip of iceberg of gov shit going on...one pile to next while last still steaming.
And silver has broken correlation with EURUSD again, silver holding steady while EURUSD dropping like a stone.
Euro banks all sold out? No silver left to sell? Bankruptcy next?
SLV has been trading inverse to TLT lately. Leads me to think it will get flushed on the next panic buying of treasuries.
Let's not predict gold prices in dollars anymore. Let us use cans of spam. I hope to be able to buy something useful when the time comes. I'm counting on someone else to bring the confetti. This is going to be a good party, right?
Considering gold tanked in the past month or so while stocks didn't so much, and oil actually surged, this isn't much news. Gold is just correcting back to where it should be, or rather it has quite a bit of upside recovery to go. Nothing to get very excited about.
I endure injustice, wanted moncler outlet to mean to say I just graduated comrade, competent moncler jackets 2011 soon, but with my efforts women moncler jackets have get an electrician moncler jackets for men title, I also go to a number moncler women vests of units in practice, the motor, circuit men moncler vest board, fitter, welder contact with many http://www.cheapmonclerssjackets.com/
Draw water christian louboutin pumps smoke, the pen sales louboutins with ink stones, paint with all three louboutins sales thousand dreams. Clear anxious on fu, in the night, and between looking back, thin christian louboutin ankle boots film of window edge, do not see the old appearance. Ink christian louboutin boots really lock, drunk sleepless, two lines were crying. http://www.salescheaplouboutins.com/
But more christian louboutins store and more discount christian louboutin shoes sale challenges ahead cheap louboutins but often at waiting for christian louboutin boots me to challenge, will face in people, in the christian louboutin discount face of the thing. which one are not simple to deal cheap christian louboutin pumps with, but I have to face, and still have to deal with. http://www.cheaplouboutinsssssstores.com/
Gold is indeed again on the rise, as on going currency debasement by the world central banks has finally had a major consequence. Today, June 5, 2011, was a pivotal day in financial history, as all forms of fiat wealth, that is currencies, stocks, commodities, and bonds, turned lower in value, while gold increased in value. Bad central bank credit policies have destabilized all fiat financial instruments, especially global financials, IXG, and world treasury bonds, BWX. Diktat is rising as a form of money, which is driving the world into regionalization for security and stability. A Global Eurasia war will be waged in Syria and Iran.
Fears of sovereign insolvency and banking insolvency turned currencies, stocks, commodities, and bonds lower today.
World Currencies and Emerging Market Currencies traded lower.
The trade lower in Germany’s Deutsche Bank, and Spain’s Banco Santander, lead European Financials, lower, which turned World Financials, lower. Spain, Italy, and lead Europe, lower.
Falling currencies turned the world’s mining stocks and the world’s mining and steel ETFs lower. Energy stocks also turned lower today. Natural resource investing became more unprofitable due to falling currency values. Debt deflation and exhaustion of central bank credit, is causing an unwinding of carry trade investment and stimulating derisking out of natural resource stocks worldwide.
It is the world central banks’ bad credit policies that are making money bad -- Bad money is destabilizing the world economically and politically. The investment, political and economic tectonic plates are shifting, and an authoritarian tsunami is on the way.
Seigniorage, that is moneyness, will no longer come from banking and national governments, but rather come from the diktat of regional sovereigns. Currencies are now sinking, and global financial derisking and deleveraging is underway, with the result that the new dynamo of diktat is driving economic and political action. Political capital is replacing investment capital. The seigniorage of fiat money, is being replaced by the seigniorage of diktat.
Regional global governance is rising to replace sovereign nation states, as nations loose their debt sovereignty. Life in the Euro zone will be characterised by collectivism, as statism rises to govern all. We are witnessing the unfolding of bible prophecy of Revelation 13:1-4 and Daniel 2:31-44 where a Beast Regime of regional global govenance comes to rule in all of mankind's seven institutions and in all of the world's ten regions.
For more detailed commentary: http://tinyurl.com/87pgatp
Thanks for sharing this information. I really like your way of expressing the opinions and sharing the information. It is good to move as chance bring new things in life, paves the way for advancement, etc. But it is well known to everyone that moving to new location with bulk of goods is not an easy task to move or shift from one place to other place because I have experienced about that and I face the problem like that. There I go to village near to my city faced that problem there.
312-50 braindumps// VCP-310 braindumps// 350-030 braindumps// 70-432 braindumps// 70-620 braindumps// 70-686 braindumps// 642-642 braindumps// 220-301 braindumps//