Gold's Surge, Stocks Purge, And Treasury Yield Records Emerge

Tyler Durden's picture




 

The market was anxious going in to the NFP print but once the dismal data point hit, things deteriorated rapidly.

Pre-NFP ->EUR 1.2322, ES 1292, WTI $84, 10Y 1.51%, 30Y 2.59%, gold $1554

Post-NFP -> EUR -10pips 1.2312, ES  -10 1282, WTI -$1.2 $82.8, 10Y -5bps 1.46%, 30Y -7bps 2.52%, gold +$18 $1572

Treasury yields at record lows (10Y well below and 30Y right at Dec08 lows) as Gold pops (QE hope?) but stocks don't for now (reality of QE's inability to really help?). Oil down on global growth markdowns and EUR modestly weaker (choppy but practically unch now) - though looks like its all relative printing expectations now.

Gold vs USD vs Stocks vs Treasury Yields

Gold and Silver outperforming...

Treasury rates are just plummeting...30Y -32bps this weeks!

It seems the SNB has been active as EUR/JPY explodes in a choppy mess...

 

Charts: Bloomberg

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Fri, 06/01/2012 - 08:54 | 2483384 NewWorldOrange
NewWorldOrange's picture

There will be profit for those here who ACT. I posted this a few days ago:

Well at least one POOR guy is fast growing rich off these fucks: Been short EUR/USD for nearly a month, as well as NZD/USD and AUD/USD. Scaled in for two weeks. ALL IN NOW. Do or die. Thanks Tyler. The incessant "gloom and doom" on Europe definitely encouraged me. I owe you buddy;:

HERE'S HOW YOU GET RICH OFF THIS SHIT PEOPLE

Sun, 05/06/2012 - 17:37 | 2401652 NewWorldOrange "It's going to be a very interesting summer." Yes indeed it is. Perhaps even better than last summer (for currency traders.) As for this evening, I think AUD/USD and/or NZD/USD are better shorts than EUR/USD. Always great "risk off" trades, especially on a Sunday evening after such a weekend. Whether the markets perceive increased volatility much in part due to the Europe elections, a decline in global markets, or are still just pricing in the Friday's jobs report, there is likely to be a flight to the "safety of the US dollar" (yeah, I know - LMAO too) and when that happens the Aussie and Kiwi usually take a real beating. Especially if commodities markets are trending down as they have been.

Shorted both and EUR/USD Friday afternoon. Just closed EUR/USD. Just added BIG to my already sizeable shorts on AUD/USD and NZD/USD. I'll either wake up with a huge profit or most of my earnings from the past two months wiped out. Because sometimes you just gotta' go for the gusto.

[UPDATE 5-30-12: I got back in EUR/USD shorts the next week...closed my AUD NZD shorts last week...still in the EUR/USD short and in fact just went all in on that with a target of 1.21...}

[UPDATE 6-1-12: The Big EUR/USD SHORT: The gift that keeps on giving! Break below 1.23 imminent...] (I think I'm allowed to gloat a bit especially after the past few days, heh. I'M RICH BITCHES!)

Thanks again Tyler! I owe you buddy!

Fri, 06/01/2012 - 09:00 | 2483421 jekyll island
jekyll island's picture

Cut and paste the same post on several articles?  Why don't you act like you have had a winning trade before this one?  

Fri, 06/01/2012 - 09:04 | 2483442 pods
pods's picture

When you get to the end zone, act like you're supposed to be there.

pods

Fri, 06/01/2012 - 09:40 | 2483682 Harlequin001
Harlequin001's picture

You're never going to believe this but I went short the euro, short US Dollar, short Treasury's and just about everything else I can think of when I bought gold. And guess what, I still own it.

Funny that. Now just stand back and watch what happens when big bad Ben lights the blue touch paper in 3..2...1...

Fri, 06/01/2012 - 09:55 | 2483775 NewWorldOrange
NewWorldOrange's picture

At least I'm trying to REACH the endzone b1tch! YOU? ALL TALK. All you will ever be. You'll be a poor brokedick after the big collapse just like most of the people here! LMAO at all the brokedicks!

 

Fri, 06/01/2012 - 10:48 | 2484069 Drachma
Drachma's picture

I'm long the Drachma. You with me bro? It's jeenyous, jeenyous.

Fri, 06/01/2012 - 12:39 | 2484605 Itch
Itch's picture

So you went all in on the Euro, what price are you flat? I would love to follow your trades man.

Fri, 06/01/2012 - 13:10 | 2484737 NewWorldOrange
NewWorldOrange's picture

Too late for that bro;)  You can look back thru my comments...May 6 tells most of the story buy if you just read the one above you pretty much did. Check my comments for on made a few hours ago on how I did this starting with almost nothing (got a ton of credit cards and funded a forex account just over a month ago - even posted THAT here and recommended others do it.)

I took a million off the table yesterday. It was inevitable the jobs report would be horrible today and that would at least temporarily pause the flight to the "safety" of the dollar (LMAO). But I'm still "all in" with the rest - as much as I can be without margin requirement knocking me out of my trade before it hits my stop. My stop is at 1.2610. My limit is set at 1.2100. I'm letting that ride. I either lose about 2/3 of what's still in the account (okay, I'll tell ya' - 1.6 mil in it still) or it will hit my limit at 1.2100 and I'll be the Six Million Dollar Man.

Two months ago my entire net worth was $60,000 maybe, mostly in a little land I own in Costa Rice and the POS boat I live on.

Been reading this site for a few years. Just signed up two months ago when I decided to go for that gusto! Stuck on a PC trading, why not? This will be my last day posting here, or probably anywhere ever for that matter. Really not the blogging type. Too busy living in the real world.

Looking for a much nicer, bigger, seaworthy boat! Kudos to you, sounds like you're not the brokedick pods and her band of sissies are;)

Watch out for brokedicks! LOL!

http://www.youtube.com/watch?v=Y4NChe56s9E

Fri, 06/01/2012 - 15:04 | 2485419 Bizaro World
Bizaro World's picture

Congrats, but no need to bash ZHers.. And you should properly thank Tyler for your winnings and donate. Also recommend replacing a significant portion of your new found fiat with PM.

Fri, 06/01/2012 - 09:04 | 2483446 ihedgemyhedges
ihedgemyhedges's picture

Mad Hedge Fund Trader in disguise..................

Fri, 06/01/2012 - 09:49 | 2483740 NewWorldOrange
NewWorldOrange's picture

I did! Check the post mentioned in the above post! Three weeks ago! Check my posts PERIOD. Nothing new here! All up arrows and lots of them on those! Envious hater much!? HAHAHAHAHA

I'll admit you losers aren't the Pollyannas that CNBC bloggers are. You view of reality is way more accurate.

But at least CNBC bloggers put their money where their mouths are! You fuckers are too buys PRAYING for a collapse from Mom's basement and too fucking stupid to DO SOMETHING ABOUT IT!

LMAO!

Fri, 06/01/2012 - 10:00 | 2483807 jekyll island
jekyll island's picture

Well, you are proving my point.  Congrats on a good trade, I just don't want to hear about it over and over.  

Fri, 06/01/2012 - 10:08 | 2483865 NewWorldOrange
NewWorldOrange's picture

Awwww...and here I was trying to help you brokedicks learn how to profit from all the gloom and doom...do you need someone to call you a waaaaaaambulance?

Fri, 06/01/2012 - 11:30 | 2484331 jekyll island
jekyll island's picture

High risk, high reward.  Since you are shorting and have a margin account, make sure your profits can't get Corzined.  

Fri, 06/01/2012 - 10:01 | 2483810 Harlequin001
Harlequin001's picture

sounds like next time we want your advise we just go ask Tyler eh...

Fri, 06/01/2012 - 09:03 | 2483438 grey7beard
grey7beard's picture

Yeah, in hindsight I made a shitpot full of money too.

Fri, 06/01/2012 - 09:10 | 2483482 ihedgemyhedges
ihedgemyhedges's picture

Me too.  I have been long of 30 yr T Bond for the last month, and went long of gold just prior to release of NFP report.

Sincerely, D. Gartman

Fri, 06/01/2012 - 09:05 | 2483452 GMadScientist
GMadScientist's picture

You think you're Jacques Cousteau, but you're sitting in a kiddie pool on a moving truck.

Fri, 06/01/2012 - 09:32 | 2483632 dudebum
dudebum's picture

Ze calypso is sailing into a zone of insolvency...

Sat, 06/02/2012 - 04:41 | 2486959 StychoKiller
StychoKiller's picture

Liquidity, liquidity everywhere and nary a Drachma to spend!

Fri, 06/01/2012 - 09:22 | 2483550 Al Gorerhythm
Al Gorerhythm's picture

Here it comes BART (fat finger) Chilton! Tell your four colleagues that they, like you, are "Piss shit cunt cocksucker motherfucker fuck tits" bastards and you got it comin.

Special thanks to: (Rich Bagg.) Comment ....

2481356
Fri, 06/01/2012 - 09:37 | 2483662 Harlequin001
Harlequin001's picture

aren't all those words on the 377 word FBI watch list?

Fri, 06/01/2012 - 09:45 | 2483712 Tarheel
Tarheel's picture

FUCK Secretary of Labor Solis! That dumb bitch just went on CNBS and was spouting nothing but bullshit.

Fri, 06/01/2012 - 08:55 | 2483387 Harlequin001
Harlequin001's picture

Now who could possibly have foreseen that?

Fri, 06/01/2012 - 09:01 | 2483431 GetZeeGold
GetZeeGold's picture

 

 

Shocking really. Hold on......my shocked face is around here somewhere.

 

Fri, 06/01/2012 - 08:55 | 2483391 jekyll island
jekyll island's picture

Wow, oil is in a freefall.  Sure picked a good month to drive to the Grand Canyon.  

Fri, 06/01/2012 - 09:03 | 2483436 bdc63
bdc63's picture

... I sure picked a good month to go long SCO ... it's going to be a GOOD day ...

Fri, 06/01/2012 - 09:04 | 2483447 John Law Lives
John Law Lives's picture

Doesn't bother me one bit to see rich oil oligarchs take a hit in the wallet.  Let oil fall to $60 and watch those greedy bastards jump up and down and scream and yell.

Fri, 06/01/2012 - 09:16 | 2483521 RiverRoad
RiverRoad's picture

And that's just what they were doing before Bush Senior got elected.  After that, it's been all cake and candy for them.  Lots of chickens coming home to roost here.

Fri, 06/01/2012 - 09:31 | 2483629 Dr. Richard Head
Dr. Richard Head's picture

I am curious as to why the price at the pump doesn't match the price of the barrel?

Fri, 06/01/2012 - 12:41 | 2484610 John Law Lives
John Law Lives's picture

This older (2007) article offers an explanation for that:

http://articles.cnn.com/2007-06-26/us/fa.money.gas.prices_1_gasoline-pri...

 

Fri, 06/01/2012 - 09:39 | 2483675 eclectic syncretist
eclectic syncretist's picture

Very obvious DECOUPLING BETWEEN PRECIOUS METALS AND STOCKS!  The market is telling us that June 1, 2012 is a great buy point to load up on cheap gold and even cheaper silver, especially since they have been consolidating for so long.  Expect silver over $40 by year end.

 

Shorting some ZSL and DUST long-term for max profits.

Fri, 06/01/2012 - 09:43 | 2483704 chunkylover42
chunkylover42's picture

It would be nice to hear somebody complaining about the speculators now that oil has gone from $110 to $85 in 3 months.  You know, just for consistency.

Fri, 06/01/2012 - 08:57 | 2483393 bdc63
bdc63's picture

Neil Kashkari just 'announced' QE3 on CNBC ...

Fri, 06/01/2012 - 08:57 | 2483402 jekyll island
jekyll island's picture

Well it's official then....

Fri, 06/01/2012 - 09:33 | 2483640 Dr. Richard Head
Dr. Richard Head's picture

About as official as their call this morning on the upgrade to buy on CLX or Alan Greenspan being drug from his seat in hell to blame the economic downfall on the Euro non-sense while neglecting to mention the true derivatives culprit.  Fuck those camera jockeys.

Fri, 06/01/2012 - 08:58 | 2483404 LetThemEatRand
LetThemEatRand's picture

I wonder what round number of future tax obligations for all of us turned into immediate cash for his friends Kashkari deems appropriate this time?

Fri, 06/01/2012 - 09:08 | 2483472 CClarity
CClarity's picture

Enough with Greece leaving the Euro already . . . smart money is on Germany leaving the EZ - let the periphery keep the common currency.  Germany back to Mark, UK keeps pound, Swiss have Franc,  Nederlands back to fav etc etc etc.  

Believe it or not, this will work.  Sure, scrambly initially, some bad outcomes, but better than the slow extend pretend path that is accomplishing nothing but worse and worse.

 

Fri, 06/01/2012 - 09:21 | 2483554 Harlequin001
Harlequin001's picture

of course it will, and as the euro plunges so does their euro denominated obligations. It's the smart move, leave the socialists with the disaster that is the common currency...

Fri, 06/01/2012 - 09:27 | 2483601 franzpick
franzpick's picture

Germany back to the mark, with some new PM coinage stamped "Nein-Nein point Nein-Nein-Nein".

Fri, 06/01/2012 - 09:09 | 2483476 Al Gorerhythm
Al Gorerhythm's picture

In other news; Kim Cardashinin just bought some new shoes.

Fri, 06/01/2012 - 09:22 | 2483563 Harlequin001
Harlequin001's picture

and breaking news, she might even wear tham...

Fri, 06/01/2012 - 08:57 | 2483396 mayhem_korner
mayhem_korner's picture

 

 

Looks like a belts, suspenders and cup day. 

BTW, nice meter in the headline.

Fri, 06/01/2012 - 08:57 | 2483400 Gief Gold Plox
Gief Gold Plox's picture

And while I'm watching Rollover. Lol.

http://www.youtube.com/watch?v=RDWWENGUhO4

Fri, 06/01/2012 - 09:01 | 2483416 GetZeeGold
GetZeeGold's picture

 

 

Account 21214

 

Fri, 06/01/2012 - 08:59 | 2483407 madcuban
madcuban's picture

nice alliteration in the title.

Fri, 06/01/2012 - 09:17 | 2483522 brooklynlou
brooklynlou's picture

Tyler's a poet and he didn't even know it ..

Fri, 06/01/2012 - 09:00 | 2483415 HD
HD's picture

Yes it true, the job numbers blew, S&P longs are screwed...

Fri, 06/01/2012 - 09:00 | 2483419 writingsonthewall
writingsonthewall's picture

I don't to get anyone too excited - but FB is already down over 3%  nearly 4% in pre-market.

 

Did you see it yesterday? Someone desperately tried to save the E.o.d price with an 'all in'.

 

Do you think it was Morgan Stanley?

 

Can the market remain rational longer than MS can stay solvent?

 

 

Fri, 06/01/2012 - 09:02 | 2483430 writingsonthewall
writingsonthewall's picture

UPDATE.

Now down well over 4% - someone is getting out today - looks like yesterday's finish was the last throw of the muppet catching dice!

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