Tyler Durden's picture

Paper Gold Dilution Hits 294x As Comex Registered Gold Drops To New All-Time Low

According to the latest data, total Comex Registered gold dropped by another 11% overnight to just 134,877 ounces, just over 4 tonnes and another all time low, and since the gold open interest remains largely unchanged, the physical gold coverage ratio, or the ratio of gold claims to Registered gold, has just hit an all time high of 294 ounces of paper for every ounces of physical.

Tyler Durden's picture

2015: The Last Christmas In America

The game of enabling more debt by lowering interest rates and loosening lending standards is coming to an end. Debt is not a sustainable substitute for income, and households are increasingly waking up to this realization. Say good-bye to Christmas, America, and debt-based spending in general--except, of course, for the federal government, which can always borrow another couple trillion dollars on the backs of our grandchildren.

Tyler Durden's picture

President Obama's Latest ISIS Strategy Illustrated

Seek protection from the great threat...

Tyler Durden's picture

The Lull Before The Storm - An Ideal Chance To Exit The Casino, Part 1

Last night’s Asia action brought another warning that the global deflation cycle is accelerating. Iron ore broke below $40 per ton for the first time since the central banks kicked off the world’s credit based growth binge two decades ago; it’s now down 40% this year and 80% from its 2011-212 peak. This implosion of demand cannot be remedied with another round of central bank money printing because the world is already at peak debt. Accordingly,  global corporate profit cycle is heading into a deep downturn, just as the equity markets go into a final spasm of levitation based on a handful of big cap stocks.

Tyler Durden's picture

Which Stocks Are Cheap?

Across 4,888 US listed stocks, only the micro-est of micro-caps remain (historically speaking) cheap... do you feel lucky?

Tyler Durden's picture

Fashion Company SQBG Tries To Crush Shorts, Force Squeeze After Chairman Urges Investors To Pull Borrow

"Tengram has instructed its broker that it will not permit borrowing of any of its shares by short sellers who are only interested in reducing the value of the Company’s stock price for their short-term gain.  We urge each of you to contact your broker today and inform them that your shares may not be made available to be borrowed by short sellers.”

Tyler Durden's picture

How To Defeat ISIS (In 9 Simple Steps)

Having fixed the greatest threat to the world - climate change - and following the deadly Paris attacks and numerous other violent incidents perpetrated by the terror group ISIS, many governments and populations worldwide are wondering how we can eliminate this threat. Here are some strategies to defeat the Islamic State...

Tyler Durden's picture

Hyperinflation Watch: Kazakhstan Unveils New 20,000 Tenge Banknote

While hyperinflating Argentina has begun discussing a rise in the denominations of its banknotes, and South Africa has admitted defeat in the currency wars, it appears Kazakhstan's collapsing currency and crashing reserves has prompted action. Since allowing the Tenge to "free float" in August it has imploded (from 188 to 308 per USD) and so today The Kazakh Central Bank unveiled the new 20,000 Tenge banknote - double the highest denomination previously.

Tyler Durden's picture

Another Hedge Fund Bites The Dust: Trafigura Shuts Down Its Flagship Metals Fund

While the storm clouds continue to build above Trafigura, we now know the fate of Galena and why its CEO Letchford departed the company in a hurry last week: according to a follow up from Bloomberg, Trafigura has decided to close the flagship Galena Metals Fund, the latest hedge fund victim of the rout in raw materials markets from oil to copper.

Tyler Durden's picture

Market Panics After Arrest Of Brazilian Lawmaker: "Never Have We Had So Little Certainty About Tomorrow"

Last week's arrest of Latin America's most prominent investment banker sent shares of BTG Pactual plunging as investors pulled a third of their money from the firm's fixed income funds. As shocking as Andre Esteves' detention most assuredly was, analysts say the real risk may stem from the investigation into Rousseff's "guy" in the Senate, Delcidio Amaral, who was also detained last Wednesday. As Bloomberg reports, Amaral's "arrest not only delayed government efforts to resolve this year’s budget dispute, but it also dispelled a long-held belief that sitting lawmakers are all but untouchable because of a quirk in Brazilian law that affords politicians special treatment in criminal investigations." 

Tyler Durden's picture

When The Narrative Breaks

A false capitalism reigns based on false capital - notional wealth where there is really no wealth; value where there is no value. Moments like this in history beat a path straight to currency collapse, and that will open the door to a greater collapse of all our familiar arrangements.

Tyler Durden's picture

To JPM, This Is The Alarming Chart Suggesting The Next Recession "Is Just Around The Corner"

"The US corporate financing gap – the difference between cash flow generation and spending on capex and dividends – has turned strongly negative. In the past, when the financing gap went strongly negative, the next downturn was just around the corner."

RANSquawk Video's picture

RANsquawk Week Ahead Video: A busy week sees rate decisions from the RBA, RBI and BoC, while potential action from the ECB is set to take centre stage

After a subdued end to last week as a result of the US Thanksgiving holiday, this week will see markets served a deluge of data and tier 1 releases. 

Do NOT follow this link or you will be banned from the site!