Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch

Dow futures down over 120 points (and Nikkei 225 down over 200 points) at the reopen following North Korea's 'successful' firing of a ballistic missile across Japan.

Gold futures spiked to $1325 as USDJPY plunged...

The USDJPY is tumbling on the news... Breaking below 108.50, a break of April's 108.12 may require more than a little help from Kuroda and friends.

Japanese equity market futures plunged to 4-month lows...

 

And VIX futures are snapping higher...

Comments

rbianco3 Mon, 08/28/2017 - 18:20 Permalink

I don't think it reverses this time- too many factors in play- Texas has only begun.It only takes a few days before one dies of deyhdration- the shit storm is brewing. Who will pay for the flooding losses? What happens when h'cane strengthens and re-emerges in NO or other city. The collapse is on us and Trump cannot stop it- or someone won't let him.Hope I'm wrong.

Ricki13th Mon, 08/28/2017 - 18:59 Permalink

I'm puzzled as to how the fuck Japan let a backwards country like NK fire a missile across its airspace. That's an act of war point blank. There is no diplomacy to talk about when you cross that line.

ET (not verified) Mon, 08/28/2017 - 19:02 Permalink

Physical Gold and Silver are coming out of retirement.

A bar of Gold in the hand is worth a ton of paper gold derivatives or cryptos in the bush.

Maximeme Q Mon, 08/28/2017 - 19:17 Permalink

I read an awesome comment here about a year ago (apologies to the author, I can't remember who) in which the guy was telling how burned out he's getting on all the Black Swan-Doom-Since Lehman-This is it! porn. He mused that nothing phases him anymore and when shtf for realz, he'll probably look around at his neighborhood in flames and bullet holes in his walls and yawn.I'm getting there.

Toshie Dumpster Elite Mon, 08/28/2017 - 22:25 Permalink

"Markets can stay irrational a lot longer than you can stay solvent".

There are really only two choices;- financial markets crashes , or strong dose of inflation globally.

History is riddled with the latter outcome (inflation), as more plausible.

USDJPY can and will be back to 80 yen per used . Now there is a trade for you.

In reply to by Dumpster Elite

Money Mantra (not verified) Mon, 08/28/2017 - 19:24 Permalink

This is FFFing crazy. Just saw futures how does SHEPWAVE always know when to expect a move in markets 

VW Nerd Mon, 08/28/2017 - 22:29 Permalink

Watch.....Tomorrow, someone at CNBC will have a story on Dennis Gartman declaring he's long Gold on margin, long VIX on margin and short the markets and dollar, sending all the markets into interday reversals.