• 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...

Strong Durable Goods Headline Number, Very Weak Between The Lines: "Weak Start To 3Q" Bloomberg's Yamarone

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Wed, 08/24/2011 - 08:43 | 1594526 Aductor
Aductor's picture

So this is bullish QE3, or how do I read the equity "market"?

Wed, 08/24/2011 - 08:49 | 1594556 SheepDog-One
SheepDog-One's picture

+300 - +500 daily gains on the Dow....WHAT QE3? At this rate, the markets will be back over their all-time record highs in a few days, yet traders sit out there expecting Bernank to drop free bags of money to the 'poor ol equities'...for what reason?

Wed, 08/24/2011 - 08:52 | 1594567 slaughterer
slaughterer's picture

It does not matter where equity markets are when the print button is pushed.   

Wed, 08/24/2011 - 09:14 | 1594668 SheepDog-One
SheepDog-One's picture

Huh whaaaaa?

Wed, 08/24/2011 - 09:49 | 1594783 FEDbuster
FEDbuster's picture

Price everything in gold.  Zimbabwe stock exchange (yes there is one) had 200%+ up days during it's hyperinflation, we will have ours, too.

Wed, 08/24/2011 - 09:12 | 1594660 buzzsaw99
buzzsaw99's picture

good news is bad news, except if it is really bad news then that makes it good news. Got it? RALLY ON!

Wed, 08/24/2011 - 08:43 | 1594529 HelluvaEngineer
HelluvaEngineer's picture

The algos seem to love it!

Wed, 08/24/2011 - 08:45 | 1594532 Boilermaker
Boilermaker's picture

Futures soar back to parity.  MISSION ACCOMPLISHED.

Wed, 08/24/2011 - 08:44 | 1594537 DeadFred
DeadFred's picture

Hurrah for Government Motors! They saved us.

Wed, 08/24/2011 - 08:45 | 1594539 Iriestx
Iriestx's picture

Boom!  +500 today or bust!

Wed, 08/24/2011 - 08:45 | 1594541 rubearish10
rubearish10's picture

The Bernanke will look the stuffing data to help justify his magic words on Friday. Seems like that's the direction we're going. Yesterday's housing and RF numbers (bad), today good, but really bad. So, free it up bitchez. I mean Gold Bitchez, opportunity knocks!

Wed, 08/24/2011 - 08:53 | 1594569 HelluvaEngineer
HelluvaEngineer's picture

fed.gov must be buying cars and crashing them into each other

Wed, 08/24/2011 - 09:14 | 1594665 SheepDog-One
SheepDog-One's picture

They are, down in the beltway there are all new GM gov vehicles everywhere, I think .gov is buying as many as they can and giving them to the homeless at this point. Everywhere I look are new GM vehicles with a gov sticker on the door.

Wed, 08/24/2011 - 09:17 | 1594677 HelluvaEngineer
HelluvaEngineer's picture

They will need quite a few more when the weekly Census begins

Wed, 08/24/2011 - 09:45 | 1594768 FEDbuster
FEDbuster's picture

Maybe Sec. 8 housing should be expanded to provide a car with your free home?  So, you can get "FREE" house, utilities, car, health care, food stamps, cell phone, college education.  The only thing missing was a program to provide free clothing and gasoline (or maybe I just haven't heard of them?).  All of this provided by Uncle Suger from Obama's stash. 

Wed, 08/24/2011 - 13:09 | 1595721 RockyRacoon
RockyRacoon's picture

Wait til the dealers and GM come to the realization that cars in the pipeline are sunk costs.   Let the discounts begin!

Wed, 08/24/2011 - 09:23 | 1594698 Larry Darrell
Larry Darrell's picture

Their economic guru Krugman has told them this is the best way to create demand.


That or they need to increase the power of HAARP since it didn't provide enough damage yesterday to stimulate massive re-building.

Wed, 08/24/2011 - 08:47 | 1594544 jkruffin
jkruffin's picture

Awww,  Now Bernanke can't announce his QE3,  say goodnight to stocks and Euro as they plunge into the abyss...

Wed, 08/24/2011 - 08:47 | 1594546 MoneyWise
MoneyWise's picture

Catch your Gold below, pumpers.. :)

After all you should be happy to get it cheaper.

Wed, 08/24/2011 - 09:15 | 1594670 slaughterer
slaughterer's picture

the unicorn today is shitting gold and silver and riding on an iPad

Wed, 08/24/2011 - 08:49 | 1594552 MoneyWise
MoneyWise's picture

Don't need no QE3, too much liquidity already,
FED has lots of other options on the table,
perhaps intervene (stimulate) Housing market.

Wed, 08/24/2011 - 08:56 | 1594584 Johnny Lawrence
Johnny Lawrence's picture

Do you enjoy seeing what's happening to our country due to fiscal and monetary policy?

Wed, 08/24/2011 - 09:23 | 1594701 SheepDog-One
SheepDog-One's picture

No, I dont enjoy seeing the country destroyed on purpose at all! But no one will or has listened anyway since start of TARP, everyone said it was great and would work. But now Im supposed to feel GUILTY or something? Hey I was the one warning about it all along.

Wed, 08/24/2011 - 09:04 | 1594624 centerline
centerline's picture

Stimulate the housing market?  You mean QE3 disguised as a bailout for main street.  LOL.

Wed, 08/24/2011 - 08:49 | 1594554 RobotTrader
RobotTrader's picture



Wow, gold and silver getting destroyed again.

Amazing how paper rules over physical once again.

Wed, 08/24/2011 - 08:53 | 1594570 WineSorbet
WineSorbet's picture

C'mon Robo, as our resident contrarian, you are getting pretty monotonous with your comments.

Wed, 08/24/2011 - 09:07 | 1594638 John Law Lives
John Law Lives's picture

Robo hasn't had anything original to say in a long time.  After he stopped posting the nice photos, his posts became bland.  If ZH had an ignore button, Robo would fade away.

Wed, 08/24/2011 - 08:54 | 1594574 SheepDog-One
SheepDog-One's picture

Paper whore unicorn boy back again....still a bit short of your 'Im all in long here at DOW 12,700 for the 'debt ceiling passage' massive rally' though.

Wed, 08/24/2011 - 09:17 | 1594674 slaughterer
slaughterer's picture

SH-1, again, you rub Robo's nose in his one fatal call.  It's ok, because we know it is your way of showing your love and admiration for Robo. 

Wed, 08/24/2011 - 09:21 | 1594689 SheepDog-One
SheepDog-One's picture

ONE 'fatal call'? LOL I can name 50 others easily from his pool of momo picks that have fallen flat! This is just the most recent!

Wed, 08/24/2011 - 13:12 | 1595736 RockyRacoon
RockyRacoon's picture

Let's hope this call is actually fatal.

Wed, 08/24/2011 - 08:54 | 1594575 Johnny Lawrence
Johnny Lawrence's picture

Gold down 0.5%.  "Destruction"

Wed, 08/24/2011 - 08:55 | 1594578 Snidley Whipsnae
Snidley Whipsnae's picture

Yeah... and we miss the hot chick photos that you used to post...

Wed, 08/24/2011 - 08:56 | 1594585 firstdivision
firstdivision's picture

Which leads me to believe that QE3 is not happening, but buy the dips anyway.

Wed, 08/24/2011 - 09:59 | 1594829 e_goldstein
e_goldstein's picture

No biggie. The price of silver and gold always goes down before options expire and the bernank gets on its podium. If one can find PM's, it's probably a hell of a buying opportunity.

Wed, 08/24/2011 - 08:50 | 1594557 props2009
props2009's picture

Gold shorts hit their first target 1830. Check premium trade from yesterday "short Gold 1888 target 1820-30 stop 1913".


Wed, 08/24/2011 - 08:54 | 1594573 slaughterer
slaughterer's picture

Having a leveraged gold short on during a $100 drop is doing wonders for my paper portfolio.  

Wed, 08/24/2011 - 13:14 | 1595745 RockyRacoon
RockyRacoon's picture

Ah, the magic word: "Paper"  Don't you know you can't eat paper?

Wed, 08/24/2011 - 08:50 | 1594558 youngman
youngman's picture

GM should jump to its IPO price right.......
Gold is still a good buy....high or low...look at Europe...
its going to be very quiet this week...they have to have ti very quiet...no MSM will dig deep into anything......

Wed, 08/24/2011 - 08:51 | 1594564 DefiantSurf
DefiantSurf's picture

More irrational markets, screw this crap, I'm going to play Socom, can somebody text me when its over?


Wed, 08/24/2011 - 08:52 | 1594565 WineSorbet
WineSorbet's picture

No QE3 for you!  Come back, one year.

Wed, 08/24/2011 - 08:58 | 1594596 SheepDog-One
SheepDog-One's picture

Ben's got himself so cornered, its ridiculous.

On the one hand, every bit of horrible economic news since January has been met with 'bullish for QE3 $2.5 trillion minimum'...markets rally bad news.

On the other hand, now way can Ben let markets tumble now for QE3 fear and panic creation, because any huge drops would set off world wide chain reactions...out of control in a minute.

So markets have baked in a couple trillion QE, and it wont be delivered Friday, no way. Enjoy holding paper over the weekend when the algos fry.

Wed, 08/24/2011 - 09:44 | 1594765 John Law Lives
John Law Lives's picture

Also keep in mind that Bernanke surely wants to be reappointed.  He just had 3 voting members vote against him re. extending near-ZIRP through 2013.  If he proposes a huge QE3 and creates more dissent, he is hanging himself out to dry.

I don't believe a massive QE3 (in the form of large scale asset purchases) will happen just yet.  We would need a bigger market collapse to generate enough public support for another major round of LSAP.  Another LSAP = surging food and energy prices - which are political killers.

Wed, 08/24/2011 - 08:53 | 1594568 Snidley Whipsnae
Snidley Whipsnae's picture

Options expiry tomorrow plus Ben talks on Friday...

What is happening in the paper PMs markets is exactly what I expected to happen given the 2 events above...

Monday PMs soar again, shorts get creamed... buying opportunity now...

Wed, 08/24/2011 - 08:55 | 1594577 slaughterer
slaughterer's picture

Don't you think gold shorts are smart enough to cover before Monday? 

Wed, 08/24/2011 - 08:57 | 1594593 Snidley Whipsnae
Snidley Whipsnae's picture

Some will, some won't...

If all did the same thing what use would mkts be? If all bet the same horse why would we have horse races?

Wed, 08/24/2011 - 09:09 | 1594652 MoneyWise
MoneyWise's picture

What shorts? You think it's a wise Idea to take profit
after 20% run in just 2 weeks?
That's what it is,
besides Big guys need to make money, so they'll trim
positions and take profits, then re-enter lower.

Wed, 08/24/2011 - 09:25 | 1594708 slaughterer
slaughterer's picture

Yes, I think it is wise, I took profits, and I take profits on them taking profits as well. 

Wed, 08/24/2011 - 13:28 | 1595805 RockyRacoon
RockyRacoon's picture

Paper Trading.   You all deserve what you get.

Wed, 08/24/2011 - 08:53 | 1594572 John Law Lives
John Law Lives's picture

So much fun.  The markets surge yesterday on the heels of dismal economic data.  Today, the futures surge on "good" economic data.

Battle Bots: A market out of control.

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