Archive - Jan 11, 2016
Chinese Stocks Plunge, Asia At 4 Year Lows But PBOC Currency Intervention Pushes US Futures Higher
Submitted by Tyler Durden on 01/11/2016 06:57 -0500- Bank of America
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Initially both European stocks and US equity futures were grateful that China has picked at least one asset class to prop up overnight, and rose in an extremely illiquid market with European shares gaining for first time in 4 days, as S&P futures rise even as the MSCI Asia Pacific ex-Japan index just fell to the lowest level in more than 4 years. However, as of moments ago the Stoxx 600 had faded all its earlier gains and was trading near the flatline, as an algo takes out all stops on the top and bottom once more, and looks set to move on to US futures shortly.
Silver Flash in the Pan, Report 10 Jan, 2016
Submitted by Monetary Metals on 01/11/2016 01:17 -0500Many were excited on Thursday to see a spike in the silver price. We were not quite so exuberant, and in 13 hours the market took back the entire move and more.
