S&P Minis Futures Are Introduced To Slinger

Gold investors know this drill well. It’s familiar handiwork: 4,492 contracts dumped in 28 milliseconds. If the slinger is moving on to greener pastures, stock market participants are going to become familiar with a whole new concept.

Source: Nanex

Slinger’s refrain: “What until they get a load of me.”

The TBAC estimate for the fourth quarter Treasury debt raise is for $187 billion of net new supply. Of that, $85 billion comes in October, mostly at the end of the month. The Fed provides virtually no support around the end of month’s Treasury settlement. If QE3 runs off as planned, there is no help at all in November.

The chart at the bottom shows what’s left of QE. Throw in busting Ponzi units, Ebola and around the clock terrorism psyops and it’s little wonder that the slinger is at work.

Disclosure: None.

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