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RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 27/07/10
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Tyler,need to post this.
A new article sheds further light upon the Gold Basis phenomenon orginally conceived a few years ago by our good compadre Monetary Scientist "Uncle" Fekete.The backwardation anomaly that occured in late 2008 was a heated topic on ft-alphaville and silveraxis who both were covering this in-depth.
I recall various interesting discussions/debates were taking place at that time.
http://fofoa.blogspot.com/2010/07/red-alert-gold-backwardation.html
In addition,the recent decision by LBMA to withhold bullion bank trading data from public access just shows that the SHTF bigtime.
Here's some rather entertaining news:
Rock band Kings Of Leon have been forced to end the concert early after pigeons defecated on them from the rafters of a US venue.
By the way they only managed three songs.
http://www.bbc.co.uk/news/entertainment-arts-10758730
"Pigeon drops keep falling on my head...la.la.lalalala......"
consumer confidence "expecting a slight easing today" hehe, oh yeah
EURO buying support mentioned since June continues and further upside is expected.
http://stockmarket618.wordpress.com