Shocking news

Cybertruck delayed until 2022

Motherfucker
10.1.3

So….. seems like someone totally not a government or Central Bank just dumped 4 Billion of gold contracts….

on a sunday

before any “real” markets are open.

currency markets are fine guys don’t worry about it

so apparently this is all because of concern about fed tapering... interesting...

If I….. over a weekend… suddenly had an epiphany that I needed to divest myself of 4B worth of gold I probably wouldn’t push the button on a market order and crash the price. Why not sell a little now and get out all day on Monday.

this is a market manipulation event pure and simple.

i know youre absolutely right. dumping 4b of gold into 0 bids isnt 'taper concerns'.

i wonder if someone fat fingered something... or got hacked?

reminds me of this tidbit from the flash crash:




As mentioned in CFTC and SEC (2010b), about 13 minutes prior to the rapid ES decline that precipitated the CME market stop on May 6, 2010, a large fundamental trader initiated a sell order of 75,000 ES contracts. Menkveld and Yueshen (2015) identifies this fundamental trader as Waddell & Reed Financial, Inc. Both sources report that Waddell & Reed utilized an algorithm to implement the trade without regard to price and time, but with a volume execution target of 9% of trading volume over each previous minute. The algorithm reportedly supplied both aggressive and passive orders to the book. In an effort to understand the effect of this increased selling pressure on the probability of market crash, we repeated our simulation exercise, but with probabilities of market trade at the bid, ptradeBid, and market quote on the offer, 1 − pquoteBid, increased by 9%. Panel (c) of Table 3 reports the fraction of simulations that result in market crashes under the revised calibration. For each value of pmarket, the probability of market crash is higher than in the baseline case, reflecting the fact that a significant increase in selling pressure induces a greater likelihood of consecutive price declines that lead to the HFT hot potato game. We view this as a conservative result because selling pressure during the Flash Crash was actually even more skewed, as many traders other than Waddell & Reed attempted to sell their ES positions

https://www.bloomberg.com/news/artic...gold-right-now

tesla's doing something Real Fuckin Smart... they are looking to roll out a 25k tesla.

why?

so they can upsell you on FSD which is literally 10k for shipping a bunch of zeros and ones to your car.

Hadn’t that been the long term Bull case for Trillions in valuation? GM Ford etc can only extract so much profit from a car sale but Tesla owns not only all the parts and the sales and the maintenance but also the 1s and 0s.

I mean if gold can’t catch a bid here under these market circumstances then it’s time to declare it dead. Which probably means it will sell off into the depths of hell and then roar back to all time highs and beyond as the real store of value after BTC crashes

You could have made a similar statement at any point over the last few weeks but try and walk into a coin dealer and get an oz coin right now for 1800….. he will laugh you out of the building.

big divergence between spot and physical retail. They know what they got.

i was literally just chatting about this, wtf happened why didnt gold gapfill up today. why didnt it do _anything_ it was supposed to do today.

no one bought, no one sold, it just sat there. tapering explains the price action today but it doesnt explain someone selling 4bn into 0 bids at 7pm est on a sunday night, imo.

tine shops at waddle and tweed, y'all

the notion that elon could be perp walked out of a spacex launch room in bracelets is becoming less and less exotic.

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idk after reading all of it the judge more or less hinted to both parties pursuing a settlement, question now is how high could it be and if its too high could it crush tesla.