This page has been archived and commenting is disabled.
S&P Futures Down 9, As Gold Kneejerks Over $1890
Nothing surprising in the premarket action with ES open for trading despite Labor Day, down about 9 points at its worst, following weekend concerns of yet another European apocalypse. Elsewhere, gold is enjoying the fact that the only bearish downside is potentially a technically overbought formation and is surging right off the bat passing $1890 on the kneejerk then reconfirming slowly. As a reminder, a nervous Japan arrives on the scene in 2 hours, followed by an insolvent Europe, and no US-based HFT available to rescue the world tomorrow.
ES:
Gold:
Charts via Bloomberg
»
- 17519 reads
- Printer-friendly version
- Send to friend
- advertisements -
Off and running! I'm enjoying the ride, but then I ain't got no dog in the Wall Street fight. Got lotsa popcorn.
Booya! The Gold-to-S&P 500 ratio still hasn't hit it's all time peak. Gold still has some ways to run...or the S&P 500 has some ways to fall...or both.
http://seekingalpha.com/article/288542-s-p-500-to-gold-ratio-has-not-yet...
Both.
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
has DAX 30 and CAC 40 futures down some +/- 3%. Ugly.
Gold up a bit ($5.00) depending on whose numbers you look at (8:17 PM ET).
the real figures we need to be looking at are the djia:au ratio. gold still got a LONG way to run. long-term trends tend to overshoot. we're at 1:8 right now. i expect gold to hit 2:1.
http://azizonomics.com/2011/09/01/why-nouriel-roubini-is-wrong-about-gold/
I am not sure why gold has to stop at parity with the DOW. After all if you look at the chart there are what? Three data points? I am not so sure that makes a great resistance over let's say a 500 year chart. Maybe the once in 500 year event is going to occurr now rather than 200 years from now.
What was the gold to the market index in Zimbabwae, Argentina, or Weimar Germany? All of these ratios will become meaningless as the crisis progresses.
I think they will pull the plug and put us on a gold related standard before it comes to that, but in this environment, gold has no price target.
There is no fair market value for the last seat on a lifeboat. People will pay what they have to for safety when they have to have safety.
Hey Rocky!
Good to hear from you. All is well in Florida.
Where ya been ! It's tough holding down this place all by myself!
did we just see a flash crash in platinum?
http://www.kitco.com/charts/liveplatinum.html
What happened?
this couch is mine
I be strokin'! That's what I be doin'.
Traders wake up in Kansas Tuesday morning....toto, toto?
THAT is one more good reason to check ZH on weekends!
I'm going to kill my self and my family with morphine before i have to face the coming upheavel
+1
at least have the decency to kill a few politicians/bankers/ceos on the way out
as if that would stop the coming war, Seriously , do you guys see any hope for humanity left? we are just too many of us here on this planet
> too many of us here on this planet
Those who live by the Thomas Malthus, die by the Thomas Malthus.
If only that were the case.
But instead, they troll message boards trying to get OTHER people to kill themselves, or to submit for sterilization if they can't FORCE them to do it.
The others slowly starve to death...one doesn't actually have to believe - Malthusianism works regardless!
Leave your family alone you fucking whiny bitchass pussy....who the fuck are you to decide their fate??
YOU GO, GIRL!
who are you to decide their fate?
rajat,
Who fed you that line of crap?.
Too many people on the planet,is BS.
The state where I live (without any farmland) could hold every family on earth, in a home sized 1200 sq ft, w a small yard.
That would leave the rest of PLANET EARTH (without ONE person living on it) for food growing, and raising animals, and enough resources to feed quadruple that many folks easily.
The EUTHANASIA crowd, Progressives, and the Global elites spread this crap.
surrounded by a hundred miles of families in 1200 square foot homes all packed together like sardines? I am beginning to think that Rajat may have a point with that morphine thingy he is talking about.
That's because you're a libertarian and you're easily seduced by thoughts of mass murder, chaos, violence and anarchy.
Kill politicians! Kill bankers! Death to society! Anarchy! The US is FINISHED! Burn World Burn! Canned food! Bullets! Bullion! Vote Libertarian 2012!
Are you being sarcastic in all your posts are you really as annoying, unoriginal, and mainstream as your posts imply?
Just want to make sure that I am not missing the humor.
@ top,
DosZap's point is that there is plenty of room for even a LOT more people.
RESOURCES are a problem...
topcallingtroll@19:58,
It was a simple point about not enough earth, and resources for our population on the planet.
If one US state could hold all the people on the planet, and in a 1200 sq ft home, w/a small yard..................
That would leave a hell of a lot of empty productive property now would it not?.
I think you were trying to make a funny,and be my guest try the morph thingy.
It takes me 10-11 hrs to drive from the east side of my state to the west at 75mph+, and the same(or more) from the northen most point to to south.
Then we could talk about Alaska.
Mucho frio en Alaska!
I'll take Texas anyday!
EDIT:
Alaska has lots of room for trolls though.
DoChen,
Yeah, it's hotter n hades here (as usual), but it still beats freezing your nads off.<grin>
Also, if the SHTF does happen, I cannot think of a better place to be.................lotta good old boys still here, that know how to git er dun.
Split the difference, and move to Wisconsin. Hell, we get hotter than hades, and cold enough to freeze your nuts in the space of a single week sometimes.
But, we do have plenty of water- and some tasty cheeses.
And there'd be plenty of cheap fuel to truck it to your doorstep, and how about water? Gonna truck that too? What a narrow minded fool. A 1200 SF house is not the only thing needed to live. But please give it a try, it'll keep you out of my hair. Don't forget your TV.
But you'd have to live in Texas, and it's just not worth it!
I prefer a bankrupt state with double digit unemployment and authoritarian nanny-state government
Ha, propaganda; isn't it wonderful. With statistics you can prove anything you want.
There are too many people for the elite to feel comfortable with. So they spread this line of thinking and coupled with earth worship, they have the crowds you are talking about actively advocating the position that over 75% of the earth's population need to be exterminated, the rest to live in mud huts (sustainability, right?) and the rich "enlightened elite" to manage the population can live in glittering cities with perfectly efficient green technology.
Don't worry though, these shit ideas come and go. Arrogance is the inherent flaw of corruption. This zeitgeist will pass as so many others, when the weight of their flalwed schemes come tumbling down on themselves.
no hope for humanity but...
there are chicks to bang and...
and...
there are chicks to bang!
Just stop drinking water. It would only take 3-4 days. Gone.
But really, why don't you fight for your family. You don't need to save humanity, just your little ones and your spouse. The basic necessities of life are not too difficult to get, depending on your location. Get next to a lake. You live in a teepee (tent) drink the water, eat the fish. Humans have been doing this for 80,000 years.
In a prosperous world, a war is always coming.
We fill every niche until we can't and then we have a population crash. Why mourn our innate nature? We have 7 billion lives dependent upon an unsustainable system, some will die. Same issue, different scale, different century.
where you getting the morphine from?
got " tusked " by a big walrus once
doctors gave me the morphine ..
thought about
moving to Afganistan
and growing poppies ...
why Afghanistan?
If you planted a field of poppies in westchester County,
do you think anyone would think any more about than, "a little eccentric ..."
heck, half of them wouldnt even know what they were ....
pretty red flowers ....
Standard sentence is a year per little bitty plant. It takes one plant for say, two doses of raw opium. You're looking at many years, brother.
BurningFuld @18:36.
Hell he's in India or Paki likely, buy it off the shelves.)if his handle is an indicator), sure sounds like a pussy.
All those disliking this thought, need to realise the vulnerability of their families, their children to the Chaos that will engulf this country
Don't panic. Take it one day at a time, and if you believe in what you say - prepare for what you believe is coming. Don't just give up.
Green
Consistent preparation is key. Get to it!
Fuck you pussy.
This is a true statement. Most people in the US are continuing on about their lives as if none of this is happening. They're not prepared for what could possibly happen. Which will make the aftermath just that much worse. It is uncommon to find an American who can comprehend the implications of an economic collapse. Most people here just go to their daily jobs, kiss their kids goodnight and wake up the next morning just to play out the same game over again. Very few people here are prepared for the calamity and upheval that will follow from decades of flawed economic policy. PhD's made the policies and now everyone else will have to pay for them with blood.
A common theme, consider: “Just as it was in the days of Noah, so also will it be in the days of the Son of Man. People were eating, drinking, marrying and being given in marriage up to the day Noah entered the ark. Then the flood came and destroyed them all.
“It was the same in the days of Lot. People were eating and drinking, buying and selling, planting and building. But the day Lot left Sodom, fire and sulfur rained down from heaven and destroyed them all.
“It will be just like this on the day the Son of Man is revealed.
God is irrelevant in this discussion.
"Cutting and pasting from ancient tribal mythology doesn't show much recent mental activity."
What has been will be again,
what has been done will be done again;
there is nothing new under the sun.
Ecclesiastes 1:9
P.S. It's not mythology.Yeah you don't have much faith in your children's and wife's ability to survive a standard economic collapse. It ain't that big a deal, seriously. A few people starve, many go hungry. Most of you peasants will work like a dog for people like me. It won't be that bad. If you want to off yourself go for it, but let other's decide for themselves
I too hope to be an employer someday...
EDIT:
Not now though. No way.
LOL I was looking forward to a few years off. Don't sign me up on your male fluffer rolls you bastard.
That is no reason to contemplate violence against yourself and especially your unsuspecting family. Humans have survived ice ages, volcanoes, global warming, world wars, famine, floods, great depressions, hyperinflation, politicians, Hitler, and extinction level asteroid impacts and we are still here! We are survivors. Do you actually think a banking meltdown or some kind of Mad Max event is going to be the end of the world as we know it? I seriously hope that's your idea of sarcasm, otherwise get serious. I wonder how our grandparents survived all those years without modern technology, cell phones, and ATM's? Leave the family out of the equation. Enough said.
The idea you would joke about killing your "LOVED" ones illustrates how sick and morally devoid people have become. I can't even imagine the thought. Is your life really that empty that without the material world you will curl up and die? I horrified, but not surprised.
.
the family may do better without you. aren't you the idiot, that was short gold a week ago, and a little cocky about it too. pride and ego with low self esteem, not a winning combo.
rajat @18:43,
All those disliking this thought, need to realize the vulnerability of their families, their children to the Chaos that will engulf this country
Don't over dramatize that which you are imagining.If it gets that bad,
"Chaos" let me introduce you to the GRIM reaper.
Suck it up, Cupcake.
If you did that, you'd come back as a cockroach and you know it.
DsoZap and Rodent, two of my favorites here.
+ $1885 and green. Great replies to a new troll.
Hope you are having a good holiday.
So far so good. Back at ya!
You are a bag of chemicals like me. You are not responsible for feeling these things like me, but you are definitely responsible for succumbing to them. We all fell like you do. However, we all balance those feelings with other feelings, and you obviously don't have enough counterfeelings and thoughts to give wisdom to your impulses. You need to widen your perspective.
"All those disliking this thought, need to realise the vulnerability of their families, their children to the Chaos that will engulf this country"
Yeah, and they'd be much better off dead. Fuck you too, buddy.
If it wasn't for my kids, I wouldn't even be reading this site. I'd just be getting wasted and chasing tail, oblivious to whatever else was going on.
But be that as it may, the kids are asleep in their rooms, and I'm trying to figure out how to turn them into badasses that can fight for the world they've got, not the world I wish they could have had.
That's a bit much,isn't it?
What? Two sheds!?
Yes it is a bit much. In fact, it's the coward's way out. We are on the threshold of some very dark days in the US, and during those dark days, the true patriots will shine ... the people who believe in the ideals upon which the US was founded and are willing to sacrifices their lives for that ideal. It is a shame that we have people who are so weak that they would simply kill themselves and their families instead of facing an actual challenge. I, for one, will be here in the aftermath. I want to create a better nation. Screw the people who would rather commit suicide. Let them do it .. the US (and the world) will be a better place without them.
don't forget to tie your hands and feet behind your back so we know it was a suicide...
Not a bad way to go.
Suicide is always an option but...if you have any interest in the world of money then you have to want to know how this plays out...!!!! You have a front row seat for the greatest game ever played at the absolute pinacle of the sport....common' don't you want to see which ideolgy wins out? I just got interested about a year and a half ago...all my life before that I bought and held....then I realized that a hundred years of money warfare would be decided in my lifetime. I now watch like a rabid football fan when their team is in the finals for the first time ever. The lies, the idiocy, the gamesmanship.... politcians played by bankers, bankers hounded by justice....this is just too good to miss. Get prepared, make sure you come out ahead...then grab the beverage of your choice and tune in....your grandkids will want to know what part you played in the Great Unraveling.
+ ?
Man I totally agree. Muddle through or unravel. 20 year soft depression with 5 percent inflation or immediate collapse or a little bit of both it doesn't matter. This is the greatest show on earth and zero hedge is a front row seat. Make your donations to zero hedge so the stadium stays open.
The Greatest Show on Earth.
Beat me to it top! Completely correct, would not want to miss this for anything.
Gold will make it more exciting too.
Well said. It has been a very long trek for me, but I am finally being vindicated and the family members who were so smug are now humbled in their market losses. There is going to be a whole lot of crow eating before this is over. I never accepted the public's view of investing and now they are reaping the harvest of ignorance. I will enjoy the turn of history that fate has blessed me to experience. I have taken precautions and don't fear what happens. I can't prevent fate, so I will take what is dealt. This is the biggest event in human history and I am here to see it. Life is absolutely wonderful, even the epic bad parts which crop up from time to time. I feel like Woody Harelson on the tip of the volcano in 2012, it's all good.
I don't know that it's all good, personally.
I've been lucky enough to have a fiancee who supports whatever decisions I make, even when she isn't sure it's the right thing at the time, so no dissent in my household, and we're doing just fine. Now that things are coming more into focus, she's glad she let me make the calls.
But there's still no fun in being right, when being right means that everyone else is suffering. There are some folks I work with that I tried to warn, and they didn't listen. Makes me sick when I see how they are being skinned, especially the ones with some years on them, who are watching everything they worked for siphoned away and are facing a retirement in poverty.
No winners in this one, boys- just people who lose a little less than others.
Oh, I can't argue with that. Not one family member has gold but me. I tried, so my conscience is clear. I'm not going to worry about the inevitable. I was barraged with doom and gloom as a kid, and led to believe I would never be able to afford a home (25% interest rates) and that nuclear winter would end all life on Earth. I refuse to listen anymore. Population booms and crashes are written into our DNA, so why worry? You only get one life, and it is as good (or bad) as you demand.
Trolling or psyop?
i'll take (c) all of the above for $200 please Alex.
rajat_bhatia @ 18:29,
I'm going to kill my self and my family with morphine before i have to face the coming upheavel
Suicide and murder is a COWARDS way out.
Hell at least go down fighting.
Man Up , Bitch!
+ $1885
Actually that would be scored -(1+?)
Call a psychiatric helpline NOW. Then get some professional help before you victimize yourself or others.
Stop defining yourself by money and stuff and rethink your life.
I think he'd get more benefit from a big rare steak.
That always makes me want to live.
It's disturbing that people say stuff like this. Can't tell if this guy is going to off his family in the next five minutes or not and don't want to take it lightly or he's just venting. Either way, it is a sign of desperation that comes from an identity tied to stuff in stead of what matters.
Maybe I'll split that rare steak with ganja butter and a bottle of Barolo with you one of these days.
Not enough info. If he's a lower caste Hindu, imagine what "worse" means to him.
Maybe.
Rodent, @20:53,
He said THIS Country.............I took that as USA.
What would you presume?.
I assumed India, or Calcutta.
If he lives in the US and is saying that crap, he's just batshit crazy.
Rodent, @21:09,
Here we are truly a melting pot(as much as America is, and more I think).
Which is a good thing.
I just wish(for the 1000th time folks would post the name of the person they are having verbal debates, or a dialouge with so WE all know who is on first.)
Drives me BATSHIT crazy, never know half the time who IS on 1st..................LOL
We all look pretty much like ants from a 747 window anyway.
That's because you're a right-wing varmint, and the vast majority of your neurological functioning occurs in your lower brain stem. Quite typical for your species.
You still haven't answered my question from the other day. $100 says you're from Texas. ???
Define "from."
I knew it.
"From" is a commonly used preposition in the english language which, in this case, helps designate the location of the rock under which you slithered shortly after you were hatched.
It was my guess the rock was located in Texas, given the the proclivity of Republican super-pigs to find kinship there.
Libertarians fo... @21:51,
You know, you seem like you are one HUGE asshole.
I'm sure no one ever told you that.(You likely know it already).
And, we wouldn't want your kind in Texas,plus you would not last long here with your mouth,of that I can guarantee you.
Bein's you have all those there procliviT's n' all.
Born in Hawaii, raised mostly in California.
Went back to Calfornia for a few years after getting out the service.
The California programming didn't take with me.
So you never lived in Texas?
I've lived in CT and FL as well.
I drove through NYC once, but the smell of human decay made me decide to keep going.
Direct question: have you lived in Texas? Stop avoiding it.
Avoiding what?
Rodent, @ 22:16,
The California programming didn't take with me.
Your way of speaking makes that very clear..........thank the Lord.
Kali,has a way of really messing up people.
Thanks.
I was alway...rebellious.
could you send mee all your gold first?
That would be unwise, even if stated as a jest. The future always threatens horrors, and yet, great things are made possible by bad things that happen today. Some of the survivors of Rome fled into the wilds and founded a village deep within a swamp, land they chose because they figured nobody would ever want such poor land. That village became Venice, one of the most powerful cities in the history of mankind. Nome of the founders ever thought that village would surpass Rome, but it did.
Maybe you can't face founding a city that changes a world because you don't have the courage to face losing it all. In that case, muster the courage to walk away, or at least to put a pistol in your mouth. You'd be surprised how well your loved ones will do in your absence. It is ok to dispair every once in a while, but it is the height of arrogance to assume you know exactly how this will play out, and believe it is better to end your loved ones lives than to let them face an uncertain future, which has been everyone's fate since the beginning of the species.
All is well. We are a warrior race. We will fight and die and fight again. It is in our blood. Lack of energy, water, food, you name it, won't change that. We live to build, and fight, and discover, and eat, and make babies. That's who we are. Don't overthink life.
Human minds can be overcome with the inevitable. People have killed themselves and their kids because they knew the end of the world was inevitable. That's a bad motivation. The end of the world is painless. Why not live your life and laugh at the end of the world, it's always further away than you think. The "upcoming upheaal" is guaranteed to be unlike what you expect. I promise. Rather than turn the intellect that brought you here against your family to bring them closure, why not employ it to explore what actually happens? You might find you are miles ahead of your neighbors. You might find you like a world that is freed from the old rules more to your liking than the world that led you to type that you were going to end it all when the ponzi scheme came to an end.
Life is good. A very bad person just mistook my beloved great dane for the neighbor's and chased him down our 1/4 mile driveway and ran him down. He is an evil bastard, but I am sitting here with my new great dane puppy and building a new happy life. It is what it is. You can take up arms against what cannot be prevented, but you are missling the point of life. You are given x amount of years in whatever context it happens to be, make the best of it. Don't turn the gift of knowing what is to come into a curse, make a wonderful life for yourself and your family.
If I knew the world was to end tomorror, I would take my son to a major league baseball game and let him give the Yankees the finger. That's living. Of course, I love my son more than myself and more than what I think. I respect him more as a person than to try to determine when and how his life will end. I hope you feel the same.
‘We fight, get beat, rise and fight again’
Nathanael Greene
Interesting you would quote him after more than two centuries. He was a bulldog who just kept going and wouldn't give up. That kind of man is ignored in this kind of world.
Not by everyone, Smiddy.
Never heard of the guy, but the spirit is still alive and well.
Grandpa used to tell me that it didn't matter if you got knocked down a hundred times, as long as you got up a hundred and one times, and I tell my kids the same thing.
In a slightly more amusing version, I had a buddy some years back who had been married four times, and was only in his late 20's. When I asked him when he was going to learn his lesson, he replied "Never- I'm just going to keep doing it until I get it right."
Smiddy, you get better every day. Great comment.
Life is meant to be lived. Experience the present. The Power of Now. Live for today, tomorrow never was.
DoChen, In light of your many intelligent comments, I very much appreciate your praise. Thanks
And when that day, that inevitable day comes, and you are face to face with death, himself, smile at him. Embrace him closely, and whisper in his ear that you fucked his sister.
not before you go all in on copper...
I had hoped for a little bigger kneejerk reaction... 9 points ONLY? Banks being sued and IMF walking out of Greece and all we get is 9 points?
It's still early.....
I think the lawsuits against the banks may have been priced in with the big declines Friday. Financials down about 3.5% Friday.
That or the artificial effort to support the markets through the end of the month came to a halt and the manipulators took the weekend off.
Meaning: It looks like financials fell on news, when in fact they just returned to trend (down) after the banksters got what they wanted. Don't worry, they'll be back
...on a whisper of volume...
Don't fret. Your "bigger kneejerk" is coming. Have patience!!
patience
How Barbaric!
Or was it barbarous?
I get confused ... one of them should be in a higher oxidation state than the other.
that was barbarox powder the Romans used for chafing from copper codpieces. "Took the ox out" was the slogan.
Barbarous....+2
Barbaric.....+3
Barbarate...+4!
Barbarium79
Barbiturate.....+100, -1000
Hey, it's a flag waving day tomorrow. America gots no worries!
Just make sure your flag is sporting "the union label, the union label."
For sure! Will also be gesticulating with the "Unsustainable pensions" flag.
At this point all pension will not sustain anyone. You don't have savings independent of your pension? Even with S.S. most pensions will not sustain living standards.
I agree. Most pensions are going to be cut back so much that anyone with one BETTER have some real savings...
If one is an unfeeling central banker looking to create a more viable system, we would probably seek to lower Western standards of living while raising Asia's standard of living. This would make for a more balanced system in the future. Oops! Asia seems to be encouraging their citizens to hold gold and the Fed and ECB seem to be discouraging us to hold gold. Probably a coincidence (wink)
Insolvent Germany? THe U.S. makes more debt in a year than Germany has accumulated all together...
That's true. But in a way all are insolvent. So it does not matter. One is a bit more insolvent than the other.
---
Look out below.....
The bottom could fall out with the FED making hot dogs on monday....But that's what they planned ongoing into Labor day with that 17! bank law suit BS>>>:-]
Bank law suit B.S., you must be a banksters! I say more suits and more prison time! What took so fracking long!
No criminal sentences. Lots of money for Lawyers courtesy of taxpayers. Marvellous.
I look forward to the day that the U.S. fascist 'markets' never open again.
which fascists markets in the world do you prefer stay open then?
Yes, it is a slow motion car crash, and I can't criticize you for criticizing that which is indefensible. I'm surprised you got 6 junks. It must be your delivery because most of your posts are either insightful comments on what is happening or obvious attempts to incite a fight. I'll take the good with the bad monkey.
Go monkey, go monkey!
Burn Babylon. burn ......
Is Social Securiy an ETF yet?
Is Social Securiy an ETF yet?
No, it's a EFT..........................lol
Hmmm, I doubt extreme fireworks will happen before US opens on Tuesday.
Some downside yes, but US markets are leading Europe and not the other way round. I think it is going to be a non-event. Europe will hold its breath awaiting further instructions coming Tuesday. Maybe they will even juice the markets once again on the upcoming All-in bet on American infrastructure announced by the big Zero on Thursday.
It will be all, jobs, jobs, jobs and more promises everything will get better.
WATCH CRIMEX hit Gold w/ at least 3 Margin hikes in the next 3-60 days.
Agreed, August was a big woopie cushion, and Sept. will be a much more real event. Still, I don't think the real ugliness will happen until Oct. The Fed doesn't have as many tools as they boast about, but the ones they can't discuss are very effective against the market.