Markets Gone Wild! Capacity Utilization, Gold, Silver, VIX, The Hindenburg Omen (BAD Gov't Policies)

Confounded Interest ^ | 08/15/2013 | Anthony B. Sanders

[whitedog57]

The economy has been having trouble reaching the magical 80% level for capacity utilization. Capacity utilization fell to 77.6% in July. It has never reached 80% under President Obama while achieving 80% under President Bush.

Obama’s economic model of 1) MORE regulation (EPA, Dodd-Frank, Obamacare), 2) MORE taxes and 3) ignoring crises in entitlements (see $70 trillion in off-balance sheet entitlements) is a blueprint for SLOW economic growth and part-time jobs.

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Still, Treasury yields continued their doleful rise after May 1st on Fed tapering fears.

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Gold has risen today.

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As did silver.

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And the VIX jumped too.

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Following a steep decline in the New York Stock Exchange.

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The McClellan Oscillator is … oscillating (much like the flux capacitor “fluxing.”)

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And the Hindenburg Omen is flashing red.

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Now the market is confused about possible Fed tapering in the face of less-than-stellar economic news.

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[whitedog57]

Obamanomics in action!

[BipolarBob]

Comrade, Obamas War on the Economy is working!!

[shove_it]

You shorting SPY?

[Errant]

Gold, Silver are seeing their best days in many months. Even Bitcoins are up.

Everyone is predicting stocks crashing. One of the more scary predictions: Prediction Of A Crash In Next Two Weeks

Of interest as well: India Bans All Gold Coin Imports, Increases Capital Controls

Is the fat lady approaching the stage?

[silverleaf]

shouldn’t India be banning gold coin exports, not imports?

I thought the fat lady was on vacation eating lobsta

[BipolarBob]

Even Bitcoins are up.

heh, heh. Actually my THM and SLW are overcoming my other two stocks losses so I'm okay . . . so far.

[Errant]

No, the Indian government is trying to prevent currency from leaving the country. They've also implemented controls to prevent that as well.

I would expect the same steps to be taken by our government soon, as well.

It's starting to look like central bank chickens are coming home to roost.

[Errant]

It’s wise to diversify in this day and age.

[ANGGAPO]

Time for another Obama vacation?

[Errant]

I hope the fat lady doesn't choke on her lobsta:

[taxcontrol]

I wish my company would allow me to move my 401k to gold / silver.

[Cicero]

Yep. We may have seen a major low in gold. Today it broke through several important levels.

[Errant]

Soon time for him to grab his security blanket, suck his thumb, and crawl into that fetal position, as the world economies implode and the Middle East explodes.

Oil is up and going higher. Higher gas prices are on the way and one wonders how long the MSM can keep from reporting them. The MSM is openly nothing more than Bagdad Bob style propaganda outlets for this administration.

[Pajamajan]

It does seem like something is going on. Then again, no one here will be surprised by this.

[AlmaKing]

What’s going up? I’m in cash avoiding my usual stocks. But, I know there’s money to be made somewhere.

[Errant]

That sucks alright. Worse when it is possibly converted to government paper later.

[cuban leaf]

Pulled all my money out of stocks to buy acreage last week. I was worrying a bit that this might come BEFORE I pulled it out.

[Errant]

What did you get?

[cuban leaf]

Well, I didn’t sell so much as a molecule of PM’s during this downturn. Quite the opposite, actually.

[Ghost of SVR4]

Good news for the stock market, it’s a Dick Morris prediction, the opposite will happen.