• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Central Banks

Tyler Durden's picture

As Carl Icahn Was Selling Apple, This Central Bank Was Furiously Buying





As Icahn was selling, or just before as we don't know precisely when Icahn, who has since indicated he has turned massively bearish on the overall market, one entity was buying every AAPL share it could find. In fact, according to its latest 13F, everyone's favorite central bank that openly admits it is also a wholesale buyer of stocks (with a portfolio of some $100 billion), the Swiss National Bank reveals that in Q1 it bought another 4.1 million in AAPL shares, bringing its total to a record 14.5 milion shares.

 
Tyler Durden's picture

The Destabilizing Consequences Of Globalization





This globalization of price - for goods, services, credit and currencies - continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital, which being mobile, can exploit the imbalances for its own profit. Who benefits over the longer term from the permanent instability and boom-and-bust cycles of this arrangement? Only those close to the credit spigots of central banks.

 
Gold Standard Institute's picture

Arizona Governor Ducey Vetoes Gold





Unpersuaded by either the plight of the pensioners or the prospect of business growth in Arizona, Ducey vetoed gold. This is his second time to shoot down gold.

 
Tyler Durden's picture

Milton Berg: "We Are On The Cusp Of A 30 Year Bear Market"





"I think we're at the cusp of a bear market in both stocks and bonds that will last up to thirty years. This is on a real basis, not on a nominal basis, inflation adjusted basis."

 
Tyler Durden's picture

"We Are Unsure Whether To Wear A Helmet Or A Diaper" - Merger Arb Funds Crushed





While company officers - who have given up on major stock upside as a result of busted M&A - and investment bankers are lamenting the bursting of the M&A bubble, some of the biggest losers are on the buyside, where merger arbs have seen billions in paper profits turn into billions in paper losses in moments upon the announcement of deal termination. Indeed, broken deals have whipsawed hedge funds that focus on merger arbitrage. As the NYT poetically puts it, according to one "arb" the current mood of the industry: "Every day is like showing up unsure of whether to wear a helmet or a diaper."

 
Tyler Durden's picture

A Central Banker Officially Loses It: "We Are Magic People"





“Markets say the ECB is done, their box is empty,” Vasiliauskas, who heads Lithuania’s central bank. "But we are magic people. Each time we take something and give to the markets -- a rabbit out of the hat."

 
Tyler Durden's picture

What Will The Global Economy Look Like After The "Great Reset"?





The globalist reset needs a trigger, a crisis which admittedly we do not have the ability to avoid. But, the reset also depends on the right people in place to rebuild the system after the crisis unfolds. Here is where the future can be determined. Whoever is left standing after the opening salvo will have a choice: to hide and hope for the best, or to fight for the position to choose who builds tomorrow. Will it be the psychotic globalist cabal, or will it be free people of conscience? It may not seem like it now, but the end result is up to us.

 
Tyler Durden's picture

Central Banks And The Rise Of Extremism





Perhaps the world will have to wait it out to finally be graced with leaders who are willing to stand by their convictions and make hard, maybe even unpopular, choices. Such leaders might have to risk sacrificing everything political to be crowned the next true champions of conviction, giving us all a shot at a once again storied fate. Where does that leave us? Apparently angry. Very, very angry.

 
Tyler Durden's picture

Peter Boockvar Warns "If Central Bankers Get Their Way, The Global Bond Market Will Blow Up"





"My fear is that central banks are now taking this too far through negative interest rates in particular and that they’re going to literally destroy their own banking systems. If they’re actually successful in generating higher inflation, then they’re going to destroy their own bond markets... our government officials, and I will include the Federal Reserve in that, have failed the American people."

 
Tyler Durden's picture

Why One Trader Thinks "There’s A Growing Belief That This Can’t End Peacefully"





"There’s a growing belief that this can’t end peacefully. And why more and more central banks are screaming about the negative externalities exported by those practicing the extremes of extraordinary monetary policy. We’ve learned that we exist in a global economy. What hasn’t been accepted, because the consequences may prove dire, is that we also are moving toward global monetary policy."

 
Tyler Durden's picture

Yuuuge 10Y Auction: Whopping Demand For US Paper, Record Foreign Central Bank Demand





If yesterday's 3Y auction was impressive, and stopped well through the When Issued, today's 10Y was an absolute blockbuster, stopping a whopping 2 bps through the 1.73% When Issued - the biggest stop through since September 2013 - on a yield of 1.71%, the lowest yield since December 2012. The internals were just as astounding, with a whopping 73.5% Indirect take down, the highest on record, and with Directs inline with recent historical averages of 11.8%, this meant that the Dealers were left holding the second lowest on record as foreign central banks scrambled to bid up as much of the paper as they could.

 
Tyler Durden's picture

What Manipulation Does To The Free Market





Had the federal government held a constant measuring stick rather than "tinkering, engineering, distorting" key government calculations such as the size of the economy (GDP), the rate of inflation, level of unemployment, or size of federal deficits and federal debt...the reality we face would be plain and honest choices needed.  Instead, the responsibility of those working for "the people" has been breached via falsifying and distorting each of these (over decades).  This consistently improves the output and does not allow a true means to quantify and qualify the nations health.  Simply put, the government has continually tinkered, tampered, and distorted the accounting so as to mislead or create a falsely positive appearance. 

 
Tyler Durden's picture

The Coming War Of Central Banks





History has shifted, and we're leaving the era of central bank convergence and entering the era of central bank divergence, i.e. open conflict.

 
Tyler Durden's picture

Paul Singer: "Gold Rally Just Starting" As JPM Predicts A New Gold Bull Market





"If investors’ confidence in central bankers’ judgment continues to weaken, the effect on gold could be very powerful. We believe the March quarter’s price action could represent something closer to the beginning of such a move than to the end."

 
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