Gold Pops, Stocks Drop As Futures Open After Korean Chaos

In an echo of last week's move following North Korea's teating of missiles across Japan's territory, futures markets are opening in a decidedly risk-off mannwr following North Korea's "hydrogen bomb" test. Dow Futs down 100 points, Gold jumping and Treasury bonds bid...

 

All major US equity indices are down...

 

Gold is back above $1340...

 

USDJPY broke below 110.00

 

And VIX futures are spiking back into last week's Korea crisis region...

 

Of course, what happens next is anyone's guess as last week saw the BTFDers panic-buy stocks to their best week in 10 months1

Comments

AtATrESICI ET (not verified) Sun, 09/03/2017 - 18:51 Permalink

Hey, what say you Mr. T-bag PMs are now worthless and 0s and 1s are king? I have some cryptos but I wouldn't bet with the ranch money on them and I sure don't believe they will do much in a SHTF scenario. Sorry the history is more weighted to me than tails of a tech superfuture where the valueless will have real value.

In reply to by ET (not verified)

Tiwin Sun, 09/03/2017 - 18:12 Permalink

Alternative headline for gold:Gold closes above 1X2 Gann Line from 2011 highs  on weekly charts Friday, has follow through Sun eve.

The Cooler King (not verified) Sun, 09/03/2017 - 18:54 Permalink

So when is China planning on 'topping off' their SPR?<--- can't help yourself can you mosley?

The Cooler King (not verified) tmosley Sun, 09/03/2017 - 21:16 Permalink

thank you ~ now you've actually put a MEDICAL DEFINITION as to why you're my serial junker. Since you're poised to entertain me tonight, can you do me a favor? Can you write me out a 10 deep list on what things I can do to, (as you, about a half dozen times, said I'm doing)... ENJOY MY POVERTYHere's one of your more recent gemshttp://www.zerohedge.com/comment/reply/602786/10196209 Oh hell, I'll cut the list down to nine because just about anytime you post something is a comedic moment all by itself... Alas, I'm looking for some diversity here.

In reply to by tmosley

Tiwin Sun, 09/03/2017 - 18:15 Permalink

Those who buy on news, lose.©tiwin 2017If you bot on the initial missile news you immediately suffered a 28 dollar drawdown.Margin Call , gentlemen.

Consuelo Seasmoke Sun, 09/03/2017 - 21:08 Permalink

+1 "It's two a.m., the fear has goneI'm sittin' here waitin', the gun still warmMaybe my connection is tired of takin' chancesYeah there's a storm on the loose, sirens in my headI'm wrapped up in silence, all circuits are deadI cannot decode, my whole life spins into a frenzy"

In reply to by Seasmoke

So It Goes Sun, 09/03/2017 - 18:50 Permalink

I hope there is a resolution to Korea.If not, I am postitioned for a bad outcome.  All in:  Au, Ag, miners, cash, and one month of food and water.  Also a bit of fire power.  Been prepping since 10/2009.  My neighbors are all effed - dancing around "the rim of a volcano" - lulled into a false security.  Hiding amongst delusional liberals, I have lost friends and I appear to them to be a crackpot - prone to conspiracy.  I am going to be humble and commiserate with others - I did this also when Hillary lost.But at least I can say I tried.  Bumpy ride coming up I'm afraid.  Buckle up - prep time - last call.

Barney Fife So It Goes Sun, 09/03/2017 - 19:27 Permalink

Make sure that you have enough ammo to shoot liberals and other leftists in a SHTF scenaario. Per their "thinking" they will assume that all of your preparations were obtained "unfairly" and will attempt to expropriate them from you. If they are successful then you will be left with nothing, and you will die. So its a case of self-defense. 

In reply to by So It Goes

Dsyno So It Goes Sun, 09/03/2017 - 19:37 Permalink

If you've "lost friends and appear to be a crackpot", you're sharing way too much info.1) Don't fuck up your life before shit even hits the fan.2) You also don't want these people knowing you have all this when SHTF, else they're going to be on your doorstep.Best to be a silent prepper. At most, drop a few hints and share more with those who are receptive and you trust.

In reply to by So It Goes

Cheka_Mate Dsyno Sun, 09/03/2017 - 19:48 Permalink

Golden Rule of Prepping:Be the "Grey Man"Don't tell others or talk about stockpiling supplies or any defense plans.Don't broadcast political views Fade into the background to move undetected through crowds It's not worth trying to "wake" anyone this late in the game.Think Charles Bronson in the Great Escape, not Steve McQueen 

In reply to by Dsyno

Longdriver Sun, 09/03/2017 - 18:36 Permalink

No way are we going to attempt an attack on N Korea.  Only way would be if we were attacked first.  Now having some covert operation working in conjunction with China to have Kim taken out?  Yea I could see that happening; once that is done NK becomes a peaceful nation and Nuclear situation is solved.