Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Tech Tumbles Into Weekend, Copper Crumbles As Silver Soars

Courtesy of ZeroHedge View original post here.

While stocks soared on the week (led by Small Caps' best week in two months)…

Today's "good" news on jobs (spoiling the odds of more imminent money-printing) and stimulus plan delays (again less money to be thrown around) sparked the biggest drop in Nasdaq in almost 3 weeks… Schumer said today's meeting was "disappointing" and that sent stocks lower in the last hour, then Mnuchin said Trump would do an Executive Order and stocks rose pushing the Dow and S&P (barely) green on the day

Nasdaq down for first time in eight days

As Jim Bianco (@biancoresearch) explained so succinctly:

Talks on passing the latest stimulus package are stalled. This is stimulus checks and additions to unemployment insurance.

Does anyone doubt if the stock market tanked 10% to 20% they would pass this bill immediately?

But it does not tank because the Fed and their "unlimited printing press" stand ready to halt any "unpleasantness" in markets.

So, the better the "wealthy" do (stockholders) the less the urgency to help the "not wealthy" (non-stockholders).

The worst inequality ever?

And FANG stocks tumbled…

Source: Bloomberg

Worst day for momentum in almost a month…

Source: Bloomberg

"Someone turn the machines back on!!!"

Amid the biggest weekly short-squeeze in two months

Source: Bloomberg

After more than a week of decoupling, bond yields and stock prices converged a little today…

Source: Bloomberg

Treasuries were sold today, sending yields positive for the week…

Source: Bloomberg

Treasury yields remain stuck at or near record lows…

Source: Bloomberg

The dollar ended the week basically unchanged after an early roller-coaster…

Source: Bloomberg

Offshore Yuan was hit on US sanctions today…

Source: Bloomberg

Cryptos were mixed on the week, Ripple and Ethereum gained notably (despite today's weakness), Bitcoin was up very modestly and Litecoin And Bitcoin Cash were red..

Source: Bloomberg

Bitcoin managed to recover the losses from last weekend's flash-crash… only to flash-crash (smaller) today…

Source: Bloomberg

As Ethereum hit $400 and was immediately slammed…

Source: Bloomberg

On the week, silver soared as copper was clubbed like a baby seal today…

Source: Bloomberg

Gold futures fell today but remain above $2,000…

Silver also fell on the day after futures almost tagged $30…

The gold-silver ratio crashed below 70x this week – its lowest since April 2017…

Source: Bloomberg

But still a long way to go its 60x average level…

Copper diverged dramatically from stocks (what does Dr.Copper know?), suffering its worst week since March…

Source: Bloomberg

Finally, we note that one thing is in great demand.

The physical gold premium over futures prices spiked to its highest since 2014…

Source: Bloomberg


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!