Derivative Plays For GDP Disappointment: StockTwits.com

NEW YORK ( TheStreet) -- Investors on StockTwits.com sought protection in gold and currency hedges Wednesday after the government released GDP estimates that signaled the U.S. recovery may be faltering.

$GLD $GDX just amazing how manipulated gold is. buy as much as you can. Dollar crashing today. GDP #'s very weak. market at ATH.

Mr_Derivatives (@Mr_Derivatives) Apr. 30 at 09:25 AM
Real gross domestic product grew 0.1% in the first quarter of 2014 from the prior three months, according to advanced estimates released Wednesday by the Bureau of Economic Analysis. That number fell far short of the 1.1% forecast by many economists. And it looked particularly anemic in the face of the 2.6% growth seen in the last three months of 2013.

The StockTwits advanced search bar, currently in beta testing, showed investors discussing GDP also talked about adding to gold positions and buying pounds.

@jamesgrant Gold is safe. GDP horrible $JNUG

? JuztaCommon (@JuztaCommon) Apr. 30 at 10:41 AM
The British pound hovered near multi-year highs against the dollar after the U.S. advance GDP release. Gold, however, edged lower. SPDR Gold Shares  ( GLD) an ETF that tracks the price of the yellow metal, fell 0.26% by 11a.m.

Surprisingly to some investors, the S&P 500 and the Dow were near flat after the report.

$SPY if bulls come out of this with a win today I really will be shocked. Hard not to be emotional about a GDP print like that.

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