Deutsche Bank

Gold Manipulation Suspicion Lingers

It seems that manipulation of the gold fixing is over and done with - exposed by various lawsuits. Nevertheless, a noticeable price slide still occurs regularly in early New York trading - price behavior that is reminiscent of the time after August 5 1993, when manipulation of the gold price could first be detected.

Frontrunning: December 22

  • Fingerprints of Tunisian suspect in Berlin attack found on truck door (Reuters)
  • Germany Ill-Prepared for Terror Fight, Critics Say (WSJ)
  • Monte Paschi Will Need a Huge State Rescue (BBG)
  • Trump denounces attack, vows tough immigration plan (AP)
  • Trump’s New Appointments Shake Up Trade, Regulation (WSJ)

Where Are The 'Black Swans' Hiding?

While being capable of imagining a 'black swan' event implies its non-existence; given the level of groupthink consensus agreement that the bond bull is dead, inflation is back, central banks are maxed out, and global fiscal stimulus will save the world, we thought a look at some of the more unsusual, unpredictable expectations for 2017 was worthwhile...

Why Trump's "Border Tax Proposal" Is The "Most Important Thing Nobody Is Talking About"

While the market, and various pundits and economists have been mostly focused on the still to be disclosed details of Trump's infrastructure spending aspects of his fiscal plan, "one of the least talked about but possibly most important tax shifts in the history of the United States" is, according to DB, House Speaker Paul Ryan’s and President-elect Trump’s “border tax adjustment” proposal.

Key Events In The Coming Pre-Holiday Week

The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention.

"When Gold Goes Above 1430 We Whack It"

As it goes in silver, so it goes in gold. In London at least.  In a bid to have UBS reinstated as a defendant in a London Gold Fix antitrust lawsuit, plaintiffs documents submitted to a New York Court last week include explosive chat room transcripts of UBS and traders from different banks encouraging each other to “push,” “smack,” and “whack” gold prices.

Deutsche Bank Advised... Poorly

If anyone is still confused why Wall Street "experts" (in addition to political polls) have zero credibility, show them this chart. 

Forget The Fed: For JPMorgan This Is The Biggest Catalyst Heading Into 2017

"The next very big catalyst for this market will be the Trump/Ryan tax reform plan and how it makes its way through Congress. Elevated political expectations are the single biggest risk for the tape and once the year-end chase rally euphoria wears off this will likely weigh on sentiment."