Gold Jumps, Nasdaq Dumps Into Red After North Korean Missile Launch

Following headlines that North Korea test-fired its first ICBM since September, US equity markets have stumbled (Nasdaq now red for the day), gold jumped (spot testing towards $1300) while the dollar and bond yields drop...

Gold and bonds bid as stocks and the dollar are offered...

 

And Nasdaq is now red...

Comments

Drachma ShorTed Tue, 11/28/2017 - 15:25 Permalink

It seems to me that ZH headlines have become a subtle form of mockery and psychological rape. most don't like to admit it, but economic analysis and commentary on these pages has become irrelevant and useless, with these obviously imaginary markets. IMHO, I suspect that the intent and motivations of the Tylers (whoever those are at the moment) are no longer those of the original. A brilliant game is been played. Sheep, meet herd. I've said it before; the algorithm is...Feeding the psyche. Mind simulating change. Preparing the culture. Implanting the image. Fixing the outcome. Masters at work. Odds in their favor. You never saw it coming. Reset.Cheers. 

In reply to by ShorTed

LawsofPhysics Tue, 11/28/2017 - 14:07 Permalink

word on the street is that bitcoin is further facilitating the movement of physical gold (still THE preferred collateral by all central banks) from the west to the east. Oh well, it took 40+ years to blow this bubble, my guess is that it will take just as long to unwind it all...In the meantime..."Full Faith and Credit"

BritBob Tue, 11/28/2017 - 14:09 Permalink

Maybe Kim bought a load of gold on the cheap then launched a missile knowing that this would inflate the price of Gold? Clever dood.

A1 T Tue, 11/28/2017 - 14:39 Permalink

Anyone else notice how Shepwave keeps calling the short term jerky sudden quick moves? Something's up. Not going to question it for now just don't screw me over shlep. 

crazybob369 Tue, 11/28/2017 - 15:37 Permalink

Gold may have jumped, but it wasn't very high and has now fallen out of bed. Meanwhile, the SP just hit a daily high. Guess NK missile launches are bullish. Who knew??

everything1 Tue, 11/28/2017 - 16:00 Permalink

Market will continue to follow the interest rate cycle, it always does, as long as everyone keeps piling in they are making big time bank, plenty to service the loans driving equities skyward, as well as keep debt inspired corporations afloat, as they also drive the equities markets.  Gold isn't going anywhere, it's just a hedge for inflation, it's always been hoarded, but mostly in countries that experience inflation cycles, to them, cost is irrevelant vs. getting rid of some fiat.  And, yeah the crypto's are on a tear, I'm glad I finally got in when bitcoin was under 4,000, but mostly I bought Ethereum.