• Gold Money
    05/03/2016 - 11:35
    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

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Trump Crushes Cruz With Critical Win In Indiana Primary; Sanders Takes Lead Over Hillary

Moments ago, Trump was declared the winner of the Indiana Primary; meanwhile over on the democrat side, a dramatic change took place when  Hillary's lead over Sanders, which was initially as much as 3% evaporated entirely, and Bernie now has a lead of 52% to 48.


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"I Don't Know How To Explain It" - Confused Clinton Can't Explain Own Comments To Coal-Miner

Bo: "I just want to know how you can say you're going to put a lot of coal miners out of jobs, and then come in here and tell us how you're going to be our friend."

Hillary: "I don't know how to explain it.."


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It's About To Get Crazy Again - North Dakota Official Exalts Oil Boom "Is Coming Back With A Rush"

Great News!! As OilJobFinder.com reports, North Dakota's top oil regulator sent out a message the other day to the leaders of Williston: Get Ready. "This is going to come back pretty hard and pretty rapidly," Helms said told members of Williston’s Chamber of Commerce. "And we'll be back running to stay ahead of it." You can smell the desperate hope in his rhetoric...


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Dollar Doldrums To Continue As "Fantasy World Of Rate Normalization" Unwinds

Despite today's jump in the USD index, the sharp dollar selloff trend remains even as U.S. rates have climbed and the commodity rally pauses. It’s logical to query if there is an end in sight for the rout. The short answer, according to Bloomberg's Mark Cudmore, is no. The dollar may be due a bounce, but that would likely mark a consolidation phase rather than a trend reversal.


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'Kill! Kill! Kill! - How China Recruits For Its Massively Underpaid Army

China's military is out with a new recruiting video, although it isn't what some may envision. The People's Liberation Army (incidentally the world's largest military force, with a strength of approximately 2,285,000 personnel, or 0.18% of China's population) released an online recruiting video, which however was anything but your average, army stock filler with a beating bass line or a cherubic choir in the background: it was just the testament to demonstrate China's militant yet "cultured uniqueness" as it sets off to dominates the world. In other words: a "culturally unique" rap video.


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Ted Cruz Explodes In Epic Anti-Trump Rant: "He Is Utterly Amoral, Narcissist, Philandering, Pathological Liar"

"I’m going to do something I haven’t done the entire campaign. I’m going to tell you what I really think of Donald Trump. This man is a pathological liar. He doesn't know the difference between truth and lies. He lies practically every word that comes out of his mouth. And in a pattern that I think is straight out of a psychology text book, his response is to accuse everybody else of lying."


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Did The Bank Of Japan Just Step In To Sell Yen?

Just another central bank intervention in what is now a daily occurrence?


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Mike Bloomberg Booed After Lashing Out At College "Safe Spaces"

"... one of the most dangerous places on a college campus is the so-called safe space because it creates a false impression that we can isolate ourselves from those who hold different views. We can't, and we shouldn't try. Not in politics, or in the workplace..."


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A Currency War That Europe And Japan Can't Afford To Lose

After three years of the dollar being pretty much the only strong currency in the world, US corporate profits are falling (because it’s hard to sell things abroad when you price them in an expensive currency) and growth is slowing (because an economy can’t expand if corporate profits are falling). Presumably the plunging dollar will offer some relief on those fronts. But our relief comes at a high, potentially-catastrophic price for Japan and Europe...


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Why Is Tesla Short Interest Near All Time High: Each Car Is "Valued" At $620,000, And More

There is one group of investors who will be closely watching Tesla's results due out tomorrow: the shorts. The reason is that with the stock trading near record highs following a dramatic rebound from the February lows when it plunged to $150, only to rebound back to $250, short sellers have stubbornly refused to step away, and as the chart below shows, short interest remains just shy of record high.


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WTI Crude Jumps Above $44 After Smaller Than Expected Cushing Build

Notable weakness in oil prices amid growth/demand concerns today, following Genscape's (+821k) Cushing's big build report yesterday, and expectations for continued builds in overall crude and Cushing levels set up trades ahead of API's report with oil below $44 heading in. An overall crude inventory rise of 1.3mm barrels (almost double the 750k expectation) was not enough to trump a smaller than expected Cushing build of just 382k barrels (1.3m exp) which seemed to please the machines which ripped WTI back above $44 instantly.


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ECB Blames You For Negative Interest Rates

Revolutions, of course, can take many forms. There are social revolutions, political revolutions... and even financial revolutions. Now that interest rates are negative in many parts of the world, the financial system has become an incredibly destructive force. Negative rates adversely impact the livelihoods of just about everyone, from the average guy on the street all the way to the banks themselves... and a few key players have reached their breaking points and are starting to engage in acts of defiance.


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"Back On Solid Ground..."

It can only get better from here... right?


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