Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity

There was a reason why we warned readers two days ago that "The World's Central Bankers Are Gathering At The BIS' Basel Tower Ahead Of The Brexit Result": simply enough, it was to facilitate an immediate response when a worst-cased Brexit vote hit. And that is precisely what has happened today in the aftermath of the historic British decision to exit the EU.  It started, as one would expect, with Mark Carney who said the Bank of England is ready to pump billions of pounds into the financial system as he stands at the front line of Britain’s defense against a Brexit-provoked market crisis.

Gold Soars Most In 42 Years For British Buyers

It appears Brits are quick to rotate from their Pounds Sterling into pet yellow rocks as Gold prices spike (in GBP) explode almost 15% overnight... the most in 42 years...

"Don't Try To Be A Hero Today" Veteran Trader Warns "Self-Preservation Is Paramount"

With knife-catching "value" investors proclaiming yesterday that any dip today would be an opportunity, it appears once again that faced with the reality of Brexit blowback, no one (not even the central banks) are buying the f##king dip). As Bloomberg's Mark Cudmore exclaims "Don't be a hero," to those value-investors, warning that "most of the market is still in denial."

Gold Spikes Most In 7 Years To 27-Month Highs

Bonds & Bullion are manically bid overnight as the last 5 days of complacent risk-on exuberance has collapsed into a worst-case-scenario "Brexit" raising doubts about the EU's sustability and dragging central bank experimental ideas into farce...

Key Brexit Question: Is Cameron The Biggest Liar In History?

Unfortunately, the battle is not over. A key question remains: Is Cameron an even bigger liar than we all know? Now that the vote is in, I fully expect all the other liars, notably French president Francois Hollande and German Chancellor Angela Merkel to propose a second vote with added sweeteners. Also note the Brexit vote is not legally binding. Cameron could easily resign, leaving this up to the next parliament to decide.

More Troubling Evidence That Hillary Clinton Will Start WW3

Even U.S. military officials have said that these sorts of no-fly or no-bomb guarantees Flournoy is promising - which Hillary Clinton herself has previously advocated - would risk a military confrontation with Russia. Obama’s defense secretary, Ash Carter, told a Senate hearing last December that the policy Clinton advocates “would require ‘substantial’ ground forces and would put the U.S. military at risk of a direct confrontation with the Syrian regime and Russian forces.”