Gold collapsing. Bitcoin UP.

[chriswilmer]

beautiful intraday reversal on the VIX:

Do you think buying VIX (via some appropriate ETF) and holding for a few months is a good idea?

[1714118819]

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[1714118819]

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[cypherdoc]

definitely got a flight to safety going on with UST's, gold, and Bitcoin all rallying with stocks DOWN.

USD down which is interesting.

[cypherdoc]

well DFNYS tells us 2 things:

1.  Bitcoin will not be made illegal in the US-huge positive
2.  large corporations now have clarity if they want to get into Bitcoin-also positive from my perspective

[FNG]

definitely got a flight to safety going on with UST's, gold, and Bitcoin all rallying with stocks DOWN.

USD down which is interesting.

people are figuring it out..well..besides the UST buyers 

But I won't be surprised if Gold crashes hard on paper only to have physical supply dry up and rise 20x

so while paper sets the price of physical the game is still rigged

[cypherdoc]

beautiful intraday reversal on the VIX:

Do you think buying VIX (via some appropriate ETF) and holding for a few months is a good idea?

possibly.  if you look at the long term VIX chart i posted above, you'll see a small double bottom formation with a higher low which could be signalling a true bottom on that chart.

i say possibly b/c there seems to be no limit to what the Fed will do to prop the stock market up.  that's actually been a defined goal of theirs for the last 5 yrs.  Yellen even said yesterday that she doesn't think the economy is yet healthy and she's right.  that means she stands ready to pump yet more.  the trick is if you believe they can forever control markets.  the timing of that is hard b/c short term they seem to be able to but long term there is inevitably crashes like in 2001 and 2008.  we're over due for one right now.  it seems every Chairman has to deal with at least one major asset crash during their tenure and i don't think Yellen will be able to avoid hers.

long answer; maybe.  

[cypherdoc]

http://www.marketwatch.com/story/story?guid=74c074a6-0da3-11e4-adf3-00212803fad6

[zeetubes]

Zerohedge is reporting that MH17 has been shot down over the Ukraine. Another Malaysia Airlines 777. Gold is currently up $10.

http://www.zerohedge.com/news/2014-07-17/here-real-time-flight-path-malaysian-airlines-flight-mh-17

[Erdogan]

Third world continue filling up their coffers with dollars:

"Reserves Break $3 Trillion Mark in Emerging Markets"

http://www.bloomberg.com/news/2014-07-17/reserves-break-3-trillion-mark-in-emerging-markets.html

[cypherdoc]

Third world continue filling up their coffers with dollars:

"Reserves Break $3 Trillion Mark in Emerging Markets"

http://www.bloomberg.com/news/2014-07-17/reserves-break-3-trillion-mark-in-emerging-markets.html

Bitcoin Bulls- "we have unlimited amounts of ammunition".

[cypherdoc]

Zerohedge is reporting that MH17 has been shot down over the Ukraine. Another Malaysia Airlines 777. Gold is currently up $10.

http://www.zerohedge.com/news/2014-07-17/here-real-time-flight-path-malaysian-airlines-flight-mh-17

moral of the story-"don't fly over Ukraine".

[FNG]

Third world continue filling up their coffers with dollars:

"Reserves Break $3 Trillion Mark in Emerging Markets"

http://www.bloomberg.com/news/2014-07-17/reserves-break-3-trillion-mark-in-emerging-markets.html

I wouldn't call SK 3rd world..

But it's the cost of doing business in the current $USD centered world. Wait until they have other options...chickens($) come home to roost.

[zeetubes]

Zerohedge is reporting that MH17 has been shot down over the Ukraine. Another Malaysia Airlines 777. Gold is currently up $10.

http://www.zerohedge.com/news/2014-07-17/here-real-time-flight-path-malaysian-airlines-flight-mh-17

moral of the story-"don't fly over Ukraine".

No shit. I've flown with them many times before. Those guys can't catch a break right now.

[cypherdoc]

Third world continue filling up their coffers with dollars:

"Reserves Break $3 Trillion Mark in Emerging Markets"

http://www.bloomberg.com/news/2014-07-17/reserves-break-3-trillion-mark-in-emerging-markets.html

I wouldn't call SK 3rd world..

But it's the cost of doing business in the current $USD centered world. Wait until they have other options...chickens($) come home to roost.

it's always amazed me that foreigners would plow so much back into UST's for such an indebted nation as the US.  i understand it at one level since we are the world's largest economy with the largest consumer base and military, but come on.  when does it all end?  i guess it makes sense to debt enslave America.  altho, i'm sure we'll default.  how they don't get this is beyond me. 

imo, the end game is if and when the UST market cracks.  that's the big kahuna for the US. 

[notme]

Third world continue filling up their coffers with dollars:

"Reserves Break $3 Trillion Mark in Emerging Markets"

http://www.bloomberg.com/news/2014-07-17/reserves-break-3-trillion-mark-in-emerging-markets.html

I wouldn't call SK 3rd world..

But it's the cost of doing business in the current $USD centered world. Wait until they have other options...chickens($) come home to roost.

Exactly, we still have to wait because nobody wants to bankrupt half their export business.  Demand needs better global distribution before the transition can be made.  Yes there are great costs to continuing to do business this way, but the costs are less than the costs of a transition at the moment.  Of course, once one big player makes the move the cost of continuing the game will go up for everyone else and the dominoes will start to fall.  They are all moving in that direction, but I don't see anyone who is close enough yet.

[notme]

Third world continue filling up their coffers with dollars:

"Reserves Break $3 Trillion Mark in Emerging Markets"

http://www.bloomberg.com/news/2014-07-17/reserves-break-3-trillion-mark-in-emerging-markets.html

I wouldn't call SK 3rd world..

But it's the cost of doing business in the current $USD centered world. Wait until they have other options...chickens($) come home to roost.

it's always amazed me that foreigners would plow so much back into UST's for such an indebted nation as the US.  i understand it at one level since we are the world's largest economy with the largest consumer base and military, but come on.  when does it all end?  i guess it makes sense to debt enslave America.  altho, i'm sure we'll default.  how they don't get this is beyond me. 

imo, the end game is if and when the UST market cracks.  that's the big kahuna for the US. 

If they let interest rates rise, then the Fed will have a harder time propping up everything else.  Until they withdrawal from stocks they have to support bonds so the Fed can act as a force multiplier.

[cypherdoc]

stocks still sinking, Vix ramping.

[cypherdoc]

XHB, housing ETF, not looking so good:

[FNG]

Third world continue filling up their coffers with dollars:

"Reserves Break $3 Trillion Mark in Emerging Markets"

http://www.bloomberg.com/news/2014-07-17/reserves-break-3-trillion-mark-in-emerging-markets.html

I wouldn't call SK 3rd world..

But it's the cost of doing business in the current $USD centered world. Wait until they have other options...chickens($) come home to roost.

it's always amazed me that foreigners would plow so much back into UST's for such an indebted nation as the US.  i understand it at one level since we are the world's largest economy with the largest consumer base and military, but come on.  when does it all end?  i guess it makes sense to debt enslave America.  altho, i'm sure we'll default.  how they don't get this is beyond me. 

imo, the end game is if and when the UST market cracks.  that's the big kahuna for the US. 

Export countries need to buy $ and sell their currency to remain competitive. USD is the yardstick so to speak. Being the yardstick grants a huge amount of printing powers. "our currency, your problem" I'm sure you've heard the quote before. The oil producers keep the game in-tact, china kept it in tact until they built up their large scale world producing manufacturing base + cities. No need for the USd anymore with the manufacturing base of the world and now that the Russians are winning the gas wars to feed Europe.  I'm just interested in who Germany sides with. France seems to have already selected Russia / China

Exactly, we still have to wait because nobody wants to bankrupt half their export business.  Demand needs better global distribution before the transition can be made.  Yes there are great costs to continuing to do business this way, but the costs are less than the costs of a transition at the moment.  Of course, once one big player makes the move the cost of continuing the game will go up for everyone else and the dominoes will start to fall.  They are all moving in that direction, but I don't see anyone who is close enough yet.

This has what has kept the game going for so long. The U.S has been living off of external funding for ages now.

> but I don't see anyone who is close enough yet.

BRICS + Iran and Iraq  possibly France and others in Europe may fall in line

[cypherdoc]

higher lows, with a huge intraday reversal:

[FNG]

Gooooooooollllld

Jeez, it's been a wild week

I wonder how long it's been since it's been this volatile