The markets just shit the bed…
Gold and Swissy are soaring (ultimate safe-havens) along with USTs as the dollar dives.
This looks like some massive capital re-allocation trade away from USDollar and Magnificent 7 Stocks and into safe-havens.
Swissy spiked above the July highs to its strongest against the USD since the Jan 2015 SNB ‘revaluation’…
As a reminder, UBS tradiung desk notes that G10 FX is trading with roughly 70% of standard liquidity – up to about $200 mn but then depth starts to dry up quickly
2Y yields gapped down almost 8bps!!!
The whole of the bond curve (yields) is also falling
Gold (spot) pries jumped to $2080…
The dollar is dumping…
…to its lowest since July…
AFTER CHRISTMAS DEALS
For now, stocks haven’t noticed broadly BUT MAG7 names were dumped at the same time as the bid for safe-havens hit…
Someone knows (or is worried) about something big!
This market freakout is probably the Bridgewater consultants finally allowed to trade with Ray and the C-Suite out and breaking everything.
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That’s your basic Black Swan bid.
Profit taking @ close to all time highs, before end of year.
BFD
Totally normal. Bunch of doom porn drama queen shit.
Equities up at least 2% more and then the Fed starts lowering rates and up away it goes until something ACTUALLY shitty happens.
It’s all good right now, the Fed is in the sweet spot. It has 5% of ammo to lower interest rates back to zero which it WILL DO.
Down the the road? Who fucking knows, but this will not end well.
Yes, Gold always reaches new highs on New Year’s Eve 😂 🤦♂️
LOL !
Gold, the most manipulated (paper and physical) “commodity” in human history.
Have fun with your gold in the future. “I’ll trade you my 1oz gold coin for your can of spaghettios !”.
You people that think the historical value of gold (it’s finite and pretty!)will hold true in the future are deluded …right up there with diamonds. Nice prehistoric mentality.
Start digging for uranium and lithium and other rare earth minerals with your pick and shovel.
$$$$
I guess you dont lookup charts, gold is up more then markets in the last 52 years, and are stocks magnificent, when then they are overvalued x5
I am not sure “overvalued” is even a meaningful term anymore. It implies an actual market.
Have fun looking backwards, I analyze information and look forward. Cash out the gold you bought you bought 52 years ago vs the stocks you bought 52 years ago. Which would be more valued in dollars?
There is no answer for the future if you can’t eat it, drink it, or it protects you or makes you warm when it’s cold, that’s all I’m saying.
You make the assumption that things will instantly go tits up. Might happen, might not.
There could be a long inflationary period preceding the crack-up. It could be a period of stagflation. There could even be a hyper-inflationary period. There could be all sorts of permutations where a store of value (like gold) would be of great benefit and be able to be turned into those things that you can eat, drink, etc.
The choice doesn’t have to be binary.
DOW was 6650 in Dec 1971. 37656 today. 566% increase.
Gold was $42 in 1971. $2087 today. 4969% increase.
So, by your very own example…you are a moron.
The dow high in 1971 was only 947, not 6650, 6650 didnt come until the 1990’s, after china started buying our debt. and the manufacturing moved to them, what a trade, production for debt
dow up 39.76x since 1971
gold up 49.69x since 1971
Ok. I was looking at inflation adjusted. Got in a hurry.
But Gold still wins with ZERO counterparty risk.
It is ridiculous to say that gold has no return. That’s what MONEY is.
Everything else is credit and/or has counterparty risk.
the chart also shows the dow at 22,000 is a top like the year 2000, but its at over 37,000 now
What makes all you gold bugs believe you will be allowed to use gold as a means of exchange. Did none of you learn anything from the lock down? are none of you aware of the dystopian reality that the chinese are ALREADY enduring?
if your implying im a gold bug your wrong, honest men like gold, dishonest men hate gold period
And what are you using, stock certificates?
When you have lead and gold you will control your own gold until the lead runs out.
I make whiskey I can trade for lead and gold any time I want.
I don’t know about that making whiskey. I’ve a cousin diagnosed with Cirrhosis of the liver. Some say too much Tylenol. I think too much of daddy’s Arkansas moonshine as a kid/teenager finally “caught up”.
Whiskey and Tylenol will both do it.
The combo of the two is really bad.
Forget the Tylenol and just deal with the hangover.
It is god’s way of telling you to keep things in moderation.
And drink more water than whiskey.
I’m no expert but I don’t think covid can be “transmitted” via handling gold unlike paper, any kind of paper, loan papers, your will, anything paper.
While civilization has suffered many setbacks, it has been going on for a very long time. That’s why we believe that. Anything else is temporary.
I have no gold other than a wedding band. Maybe a tiny amount in an ancient watch band. Junk silver is my bag.
Something interesting in Genesis 2:11-12.
I believe Chicoms are accumulating gold bigly.
Without a doubt No Name…
YOUNG CHINESE SPURN TRADITIONAL INVESTMENTS IN FAVOR OF GOLD
By Casey Hall and Amy Lv
December 5, 20236:20 PM ESTUpdated 23 days ago
China and India, the world’s two biggest gold buyers, together account for more than half of total global demand.
In China, gold trades at a premium to the global spot price. That spread has been $25 to $35 per ounce in the past week, down from a record high of $121 in mid-September, but still above its usual $5 to $15 range.
Office worker Yang, 38, from the central Hunan province, is not discouraged by the rise in gold prices, arguing “the yuan has been depreciating, financial investment is too risky … and the property market remains disappointing.”
“There are not many choices left,” said Yang, who only gave her surname for privacy reasons. “Gold is like hard currency, and this is especially true in the face of mounting geopolitical uncertainties for the moment.”
https://www.reuters.com/markets/commodities/young-chinese-spurn-traditional-investments-favour-gold-2023-12-05/
then go smoke your non certificate stocks, that right you dont have the certificates anymore, the only smoke you got is up someones butt
Then, eat your stocks.
‘Those that do not remember history are condemned to repeat it.’. George Santayana.
Those that do remember history are doomed to watch everyone that didn’t learn from history repeat it.
You forgot the rider of ” manipulated charts”.
Untermyer: But the basis of banking is credit, is it not?
Morgan: Not always. That is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.
Pure genius. Au is worthless for how many years now? Since like forever, a barbaric relic? Spoken like a true Rothschild or the bankers, monetarists, et.al. But the comparison is to, what? U and Li. ? The selected descriptor for these rare metals is “$$$$” (assuming future fortunes), paper and SpaghettiOs.
You don’t even know! I’m panning gold in the crick down the road. Totally secret BTW.
the only thing of value is what you can control. If you have good health, are fit (mentally and physically) and can find solutions for most problems….well then you are worth you weight in gold. No worries.
Gold is an investment, nothing more. Only fools believe that a money standard will be backed by gold going into the future.
Nobody said it would be the money standard, devious twit. It is a safe medium of exchange for when my half hog for your 20 sacks of feed is an uneven trade and a bit of gold is used to balance a deal.
In a barter system ( after a collapse which you were using as example multiple times) gold is VERY useful. If my plow breaks and I can’t farm my fields then I’d be screwed–but the forge guy can fix it for me but has no need of large amounts of perishables. He accepts some crops and the balance in gold– it serves a purpose to balance in a bartering system and as flat out purchasing otherwise. There will always be a need for some form of payment/voucher/intrinsic value instrument.
you can always tell envy when you see it– you can buy silver also, it’s cheaper and just 5-10 ozs a month adds up over the years.
You’re such a hater– God, gold, any faith.. you are tiring, you and your multi-account thumbs upping yourself.
Why don’t you just go take a break for the rest of the year.
Wrong. At least do an Internet search for Gods sake before posting nonsense.
Now why may I have posted the “laughing” and “facepalm” emoticons, at the end of my post?
Everybody with an ounce of memorization capability knows from experience that Gold gets clubbed down at every EoQ and EoY, probably so the Gold naked shorts look better in the balance statement.
If you think Christmas sales down are a good thing you are mistaken. Mastercard said up 3% add in inflation ( and they didn’t ) they missed by 25 to 70% worst in history.
and the government is spending over 25% of the gdp, and tell you the gdp is up, you see how the same lie is in every market
America is a shell game. LOL
Actually, the stock market experienced a pitiful year. Only a handful of large cap. stocks propelled the S&P 500 to its lofty highs.
yeah im wondering what the mainstreet Joes will show on there last quarter 401k statement, like 5% instead of the 20-30% they are touting
7 Stocks were “winners”, the rest…ugh
Which means deep value stocks are an even better value!
And temporarily you do well supporting the people that want to rule the world and want, must have, you DEAD. Besides, its immoral to own any US stocks that keep our Police State in power paid for and supported not by you, by future generations.
Wow… you just have no clue about capital markets and parade pundit b.s. , nodding along but couldnt explain a single thing.
But then, beware the rip(off):
The Great Taking. David Rogers Webb
https://docplayer.net/234739593-The-great-taking-david-rogers-webb.html
The Global Currency Plot, by Thorsten Polleit
https://mises.org/library/global-currency-plot/html
YAWN!!!!!!!
Joseph 1 set up the massive grain banking swindle in Egypt which was used by Moses to finance the 40 year invasion and genocide of Canaan and the people there.
Joseph 2 [a messenger boy] merely acted as a figurehead while the Greater Joseph swindles the wealth from the west.
Sounds like the story line for about a thousand Hollywood movies.
you having a bad day?
The market is a lie and has been since 2008. That was the time the Fed decided to screw everyone but the. 1% by promoting low or no inflation BS to force idiots into the stock market and assure Corporate/Govt fascism. BTW for the uneducated, that’s the very definition of Fascism. Soon to be monopoly money game over. Sell all stocks and dont look back until the genocidal NWO maniacs quit, or are dead.
’08?!
It’s never stopped.
“The one aim of these financiers is world control by the creation of inextinguishable debt.” ― Henry Ford
Why would you save dollars when they are still printing [ loaning them into existence] them?
Nailed it, TR4
What would Donnie say about the DOW today. Come on, would he take credit? LMAO
you’ll be just fine now. Don’t fret its only money. As long as you have guns and ammunition, everything will just be fine and dandy. just remember to use those bull et s frugally and judiciously…know what i mean?
I do know what you mean No Name…
Owning precious metals (in your hands) is not an either or part of wise Prepping…depending on your age, stage, and beliefs they are a wise part of being ready for whatever is coming whenever it hits…as well as your generational legacy.
My main gifts this year to those who are precious to me were Silver and Goldbacks. Once upon a time I use to give 100 dollar bills…no longer.
https://www.goldback.com/gold-price-history
MADE IN USA
GOLDBACKS are made using 5th-generation vacuum deposition technology.
Our Secret Sauce
Goldbacks . . .
• do not need someone else’s approval to spend.
• do not specify where they can be spent, or what they can be spent on.
• are anonymous — there is no need to know who you are to spend them.
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Mark- That is what you call a revolutionary idea!! Have a golden answer to the question, “What’s in your wallet”?
BL,
Yep, here is the main link, it didn’t copy on my post for some reason.
GOLDBACKS!
https://www.goldback.com/
This link belongs in the above post:
GOLDBACKS MAKE GOLD SPENDABLE BY BRINGING DIVISIBILITY TO THE PRECIOUS METAL
https://www.brighteon.com/c779f20a-938b-4c6a-8de0-bed95730fecc