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Showing posts with label markets. Show all posts
Showing posts with label markets. Show all posts

Monday, June 27, 2016

Gold will continue to soar because of global financial conditions that go beyond Brexit

Both investors and those people worried about protecting their wealth need to realize that the outlook for gold goes far beyond Friday's Brexit results.  In fact, the referendum for Britain to leave the European Union is more like a Bear Stearns event rather than the 'Lehman Moment' theme saturating the media since it represents the actions of a single entity rather than the overall domino effect that Lehman Brothers was to the global banking system.

And when you couple in the fact that gold had been rising since the very first days of 2016, and is the best performing asset this year in all markets, the expectation for gold to rise much greater is still there because the underlying problems within the global financial system have not gone away simply because of the Brexit.

Expectations for more rallies in gold aren’t just borne from the Brexit news. What happens in other markets, including equities and currencies, will impact gold’s outlook more directly. 
Brexit is “a global monetary event, with destructive effects in individual economies,” said Brien Lundin, editor of Gold Newsletter. 
‘If everyone is trying to depreciate their currency, including the U.S., what can they depreciate it against?’ 
“The standard central-bank prescription is to ease, to depreciate their currency,” he said. 
“But if everyone is trying to depreciate their currency, including the U.S., what can they depreciate it against?” 
“Only gold will stand tall during the turmoil. And over the long term, it won’t because it’s supposed to be a ‘safe haven’, but because it’s the only safeguard against fiat currency depreciation,” said Lundin. - Marketwatch
Prior to Friday's Brexit vote, there was more than $10 trillion in bonds worldwide that have a negative yield, and this will only continue to grow.  This means that trying to find a safe haven in bonds will leave you with less money than you started with at maturity, and opposite the effects if you instead moved your cash into gold.

No, last week's Brexit vote is simply one big warning sign on the road to the next global financial crisis, and just like from 2007-2011, the barometer for this will be the price of gold and not the stock markets, currency markets, or other asset classes.  And if you want to see what the people in the line of fire are choosing, just look at the Brits who are trying to buy gold hand over fist, but are quickly realizing that supplies are quickly becoming unavailable in their local markets.
A British gold broker says sales are at an all-time high since UK voters decided to leave the EU. 
"There has been record online sales on the GoldCore website . . . the phones are ringing off the hook," says GoldCore founder Mark O'Byrne in a news release. 
On the day Brexit results were announced spot gold popped $70 per ounce peaking at $1,330. 
Other gold sellers like BullionVault, CoinInvest.com and The Royal Mint all reported a surge in sales. 
On the same day the Brexit results were announced, "buy gold" Google searches soared 400% in the United Kingdom, according to Google Trends. - Mining.com

Friday, June 24, 2016

Gold pops $85 on Brexit vote while currencies and markets in chaos

June 24 is now a new red letter day in Britain's history as the people chose to Brexit versus remaining as a subject nation in the European Union.


By a relatively close, but decisive vote, Britain has begun the process of becoming the first European Union country to leave the coalition, and has triggered not only financial chaos in currencies and markets, but has opened the door for nations like France and Scotland to call for their own independence referendums in the wake of the British Exit.

As expected, gold was the number one safe haven along with the dollar, as the metal shot up $85 when news of the exit vote hit.  In addition, the Pound Sterling fell to 30 year lows against the dollar, and the Euro dropped 500 bps in a single instant.

Gold has now crossed a major resistance level over $1308, and with geo-political turmoil such as Britain's Prime Minister David Cameron officially announcing he will resign in the fall, the monetary metal should have a clear path to $1450 per ounce in the coming weeks.

Monday, June 13, 2016

Former Fed President announces at conference that all his rich friends are hoarding cash

Thanks to the power of the internet and youtube, virtually anything post-1990 can be found in some capacity within the ether.  And for those who did just a small amount of digging, they know that the last two Federal Reserve Chairman admitted they were clueless regarding the housing bubble and stock markets crashes of 2007 and 08.


Yet one regional Fed President did forecast the collapse, but was regularly ignored by his peers.  And now with Richard Fisher out of the halls of central bank power, he is once again warning of a crash, and said two weeks ago at the Strategic Investment Conference that he is not the only one believing that it is coming.
faltering-economy

Read more on this article here...

Friday, March 11, 2016

ECB head Mario Draghi validates that markets are tied to interventions, not fundamentals

On March 10 the European Central Bank (ECB) issued its highly anticipated policy announcement, and the shift from simply watching market action from the shadows is now over.  This is because ECB head Mario Draghi rocked the financial world with a Euro denominated bazooka, and proved once again that markets no longer function on fundamentals, but instead on credit based interventions.
Although not quite going full tilt into negative interest rates, the ECB did lower rates at its primary lending facility to zero from 0.05%, and dropped its deposit rate 10 bps to -0.40 which is an indication the central bank wants Europe’s financial institutions to borrow and spend rather than borrow and save.

Read more on this article here...

Wednesday, March 9, 2016

Even Rothschild is admitting the economy is in distress

Over the past few weeks we have had several major banks and hedge funds play down the recent stock market rally, and affirm that the bear market trend that started in January still has further to go.  And now on March 6, one of the highest of the elite went public and joined his voice to the growing mainstream chorus that 2016 will be one of financial and economic turmoil.
Jacob Rothschild, who is CEO and managing partner of both J. Rothschild Capital Management Limited and RIT Capital, wrote in a letter to his investors that ‘market conditions have deteriorated further, and that we may well be in the eye of a storm.’

Read more on this article here...

Friday, February 12, 2016

JP Morgan can’t imagine a more ‘ugly morning’ as global markets imploding

Just one day after Federal Reserve Chairman Janet Yellen spoke before Congress to answer questions on the state of the economy, global markets continued their acceleration downward as stocks, currencies, oil, and banks not only show signs of capitulation, but in the words of JP Morgan’s Adam Crisafulli, he can’t imagine a more ‘ugly morning’.
S&P 500 futures down 1.8% to 1814
Stoxx 600 down 3.4% to 304
FTSE 100 down 2.6% to 5525
DAX down 2.9% to 8760
German 10Yr yield down 7bps to 0.18%
MSCI Asia Pacific up 0.1% to 117
Hang Seng down 3.8% to 18546
S&P/ASX 200 up 1% to 4821
US 10-yr yield down 5bps to 1.62%
Dollar Index down 0.42% to 95.49
WTI Crude futures down 2.9% to $26.65
Brent Futures down 1.7% to $30.31
Gold spot up 3.5% to $1,242
Silver spot up 2.8% to $15.80

Read more on this article here...

Wednesday, January 20, 2016

Blood in the Streets, but not on the Yellow Brick Road

As oil falls below $27, and the former Chief Economist at the Bank of International Settlements (BIS) declares the global economy worse than in 2007, one asset is breaking out amongst the carnage that are the stock markets.

Gold.


Blood in the streets, but not a drop on the Yellow Brice Road.



Saturday, January 9, 2016

The global financial and economic bubble is popping

In a new interview on Jan 9. by metals analyst Dave Kranzler, the long time proponent of an economic collapse, provided insight into last week's systematic market declines all across the world, and the causalities of why the system is completely ready for central bank induced bubbles to burst.

Beginning with China on Monday trading, and following through all the way to Friday's market close, nearly all markets in Asia, Europe, and the U.S. began the year on severe downturns, with America's primary markets having their worst beginning of the year trading in the nation's history.



Wednesday, October 14, 2015

Dollar reaches a nexus as death cross points trend downward for foreseeable future

Back in March, the dollar was the most wanted currency in light of the Greek crisis, and ongoing currency wars raging between dozens of countries.  In fact, the U.S. reserve currency was perceived as such a safe haven that it sat at over 100 on the index, with nations moving large amounts of their currencies into the dollar to hedge themselves from local and geo-political turmoil.
But as the U.S. markets peaked in May, and began a slide downward over the summer, trust in the dollar has waned, especially as the Chinese Yuan began to take market share in global trade.  And on Oct. 14 the dollar reached a disturbing nexus that could foretell an even greater trend downward as it created a death cross for the first time since 2013.

Read more on this article here...

Sunday, September 13, 2015

Shemitah arrives: Markets now opening for a very interesting week

September 13, or Elul 29 on the Hebrew calendar has finally arrived, and is occurring on a day in which the markets are closed for primary trading.  However, with Asia beginning their Monday open while the West still resides in the Shemitah for a few more hours,  the opportunity for market chaos because of the frequency of this event is still alive and well, and will continue at least until the Fed announces its policy changes for the coming months this Thursday.
The idea behind the Shemitah is that it entails a spiritual law from God that requires man to heed certain economic requirements when it comes to debts, land, finances, and even agriculture.  Every seven years the land, (or in this case markets), must be allowed to remain fallow, and with little productivity so that the economic system can use this year to dissolve toxic assets and prepare the land (or markets) for new blessings.  However, when man chooses not to heed this commandment or policy, nature itself will force a dissolution of wealth, and we have seen this occur time and time again in the markets going back as far 1873 in modern times.

Read more on this article here...

Monday, July 27, 2015

More important than China’s gold announcement, U.S. banks scared of dollar dumping as buyers dry up

When China announced their long awaited gold reserve update last week, both the markets and analysts were mystified at just how low the reported reserves were, especially since many knew that China was producing over 2000 tons per year, and buying upwards of 1000 tons per month over the past two years.  And while the news did little to affect the dollar or change opinion on the future of China’s currency, something else came in under the radar that is scaring U.S. banks immensely.
China is dumping their dollar reserves, to the tune of over $500 billion in just the past five quarters.
Read more on this article here...

Saturday, May 2, 2015

Western bankers have nearly achieved total control over economic, financial, and political policies

When Rothschild issued his famous decree, “Give me control of a nation’s money and I care not who makes it’s laws”, it was not fully understood at the time what this would entail for the Western world.  But hundreds of years later, these ominous words have come to pass and the private banking cabal has nearly achieved its goal of complete and total control over the economic, financial, and political policies of half the world.

But what exactly does it mean to have control over economic and political policies?  Charles Hugh-Smith wrote on this recently, and stated that politicians now are afraid to pass any legislation that might impede the progress and profitability of banks, corporations, and markets, and in doing so has put restrictions on the people, not the banks, when events lead towards crises, insolvency, or collapse.


Read more on this article here...

Tuesday, March 31, 2015

New survey of investors show that 71% believe entire market is rigged

Do you want to know why few retail investors have come back into the stock markets after the crash of 2008-2009?  Because many came to the realization that all markets are now rigged, and that trying to succeed in the house run casino is a losing proposition.
But since many retail and mom and pop investors are rarely given any credence on Wall Street, it takes hedge funds and long time professionals to validate whether markets are equitable, and whether they have become a place where the insiders are protected and those without HFT algorithms to make their trades are screwed.
 
Read more on this article here...

Wednesday, February 25, 2015

Former member of Plunge Protection Team confirms government controls all markets

For years many economists and investors believed that the government played a much bigger role in controlling markets than the mainstream let on.  And when you look at how regulatory bodies such as the CFTC and SEC failed to halt illegal activity by banks and corporations in areas such as insider trading, naked short selling, and commodity manipulation, the evidence of this becomes much too strong to ignore.
But for the first time in the decades of this ‘conspiracy theory’ belief, the oppressed finally have a whistle blower, and one who actually worked on the government’s Plunge Protection Team.  And like Edward Snowden’s revelations of government spying occurring over every aspect of our lives, so too does former U.S. financial adviser Dr. Pippa Malmgren publicly affirm that not only does the government manipulate the markets as they see fit, they control every aspect of them.
 
Read more on this article here...
 

Monday, December 1, 2014

Gold bottoms, then skyrockets within 24 hours of failed Swiss gold referendum

As Sunday Nov. 30 was chosen by the Swiss to be the day of their gold referendum, the banking cartels took advantage of limited access to utterly collapse both gold and silver by more than 10% during off-market trading.  And with the Swiss people happily choosing to remain tied to fiat currencies and a debt-based Keynesian model, it was very easy for the banks to short gold and silver to below $1150 and $14.50 respectively.
 
But something interesting happened when Europe opened, and late Asian trading got into the action.  The metals markets began to reverse, and by the time New York opened at 9:30 am, not only were all the losses recovered from yesterday’s blood bath, but within 30 minutes of trading, gold was in the black by more than $27, and silver was up $.54, and ahead of their Friday close.
 
 
Read more on this article here...

Monday, October 20, 2014

Market manipulation: Thou shalt not let the stock market fall…

While many understand how the great stock market rise was based primarily on Federal Reserve QE and the pumping of trillions of dollars into equities to create the illusion that everything is fine in the economy, is there any proof of manipulation being done to keep investors from selling their stocks, and bringing the markets back to reality?  The answer to that question appears to be a resounding yes as in what appears to be one of the most egregious acts of ensuring that the S&P 500 doesn’t continue its current three week free fall, DirectEdge mysteriously ‘broke’ for six minutes earlier today, right when the exchange was headed again into a downward spiral.  But perhaps what is most disturbing from this event is that during those six minutes of downtime, insiders used this confined trading period to shoot the S&P much higher, and insert vast amounts of new liquidity to take the market from 32 points down to a moderate negative 10 points within a minute.


Read more on this article here...

Monday, January 27, 2014

Fed tapering beginning to exploit cracks in global financial system

On Jan. 25, trends forecaster Gerald Celente was a guest of King World News to speak on the economy, and the coming financial crises that are just beginning to show themselves in Asia, Europe and the U.S..  During his 15 and half minute interview, Celente pointedly stated that the Fed will have no choice but to taper, and continue to taper well into 2014, and that these actions will cause massive problems for emerging markets and U.S. markets that have dumped trillions of dollars into these nations to prop up their artificial growth.


Read more on this article here...

Wednesday, March 7, 2012

Even after Bernanke says no easing the Fed can't stay away from printing press

Last week, Federal Reserve Chairman Ben Bernanke said he did not see the need at this time to continue any real form of quantitative easing, as inflation was signalling a sharp rise in prices.  The markets reacted accordingly, and dumped both equities and commodities, and the dollar quickly gained strength across the board.

However, a Keynesian is a Keynsian no matter how much they try to stick to a 12-step program, and just as quickly as the central banker said no to QE infinity, a spokesperson for the institution came out today and said that QE could still be in play, only in a more steralized form.

Steralized form?  Should we now refer to Ben Bernanke as Dr. Evil, MD?


While we have yet to see the actual report, almost certainly emanating from Jon Hilsenrath, it appears that the QE3 rumormill has started, initially with speculation that the Fed's activity will be merely "sterilized" or more Twist-type purchases, unclear however if in TSYs or also in MBS. Via the WSJ:
  • Fed Officials consider "sterilized" option for Future bond buying
  • Operation Twist Reprise, QE Other Options For Fed Bond
  • Still Unclear Whether Fed Will Launch Another Bond-Buy - Wall Street Journal via Zerohedge

Of course, the markets reacted postitvely to the thought of more booze to keep the party going, and any economist with half a brain can see that Dow 13000... heck DOW 10000+ has simply been tied to trillions pumped into the monetary system by the Bernank bartender.

If the markets cannot stand on their own for even a WEEK without Fed stimulus, then the hopium dream that America is in recovery is better left to those ignorant fools who desire the Blue Pill.

Friday, November 4, 2011

Today's job reports are meaingless as the US needs to create more than 250,000 per month to break even

Today's job report of 90000 new jobs created, and the drop in the unemployment rate from 9.1% to 9.0 were simply fake window dressing that even the markets did not accept as good news (Dow opened up -70 points).  In fact, the birth/death adjustment ended up being more than the actual net jobs created, which tells you the Labor Department had to scramble to even make the report positive.

However, the underlying issue still remains the 9% unemployed, the 16% TRULY unemployed, and the dire fact that the US would need to create 262,500 jobs per month through 2016 just to get back even with December of 2007.

"Every few months we rerun an analysis of how many jobs the US economy has to generate to return to the unemployment rate as of December 2007 when the Great Financial Crisis started, by the end of Obama's potential second term in November 2016. This calculation takes into account the historical change in Payroll and includes the 90,000/month natural growth to the labor force, and extrapolates into the future. And every time we rerun this calculation, the number of jobs that has to be created to get back to baseline increases: First it was 245,500 in April, then 250,000 in June, then 254,000 in July [then 261,200 in October]. As of today, following the just announced "beat" of meager NFP expectations, this number has has just risen to an all time high 261,200 262,500. This means that unless that number of jobs is created each month for the next 5 years, America will have a higher unemployment rate in October 2016 than it did in December 2007. - Zerohedge



And there appears to be no question today on the floor of the exchanges of how meaningless today's job report is.  But to the American people, it is a another month of hopium and delerium that will make for a very disappointing Christmas season.

Wednesday, October 5, 2011

CNBC rumor mill - October 5th

And for the second day in a row, the DOW jumps over 100 points in the last hour on.... wait for it...

anothter rumer at the House of Fed, better known as CNBC.

  • GASPARINO SAYS MS CEO TELLING INVESTORS EVERYTHING IS 'OK'
  • GASPARINO SAYS MS CEO TELLING EXECS 3Q RESULTS TO BEAT GOLDMAN
  • FOX'S GASPARINO SAYS MORGAN STANLEY CEO SAYING 3Q LOOKS 'SOLID'  - Zerohedge
Does anyone not find it strange that two banks would 'drop' info on their quarterly earnings well before earnings season is to begin?

Obviously not in the Bizzaro world of CNBC, where fundamentals and technicals have no place in the markets of HFT and RUMORS.

Buy on rumor, sell on rumor... truth is for God to worry about.