"The economy is booming, according to recent data. GDP grew by 2.6% annualized in the last quarter. And yet oil prices have dropped faster than they did in the crisis of 2008. The US dollar is at record strength. And the gold price has spiked in many currencies ... Something’s not right here." So says Eric Sprott in his latest report observing what may lie in store for oil and gold in the near future.
Financial repression "is going on on several fronts conducted by different people for their own agendas, though they all seem to be mutually supporting... There is a lot of collusion - the cancer which started in the US Financial System has spread globally... You now have two parties with the same head and reporting to the same masters. There is no longer any countervailing power."
Either all futures market participants are comically inept or demand is the variable that shifted hard. Those are the only two possibilities.
Outlook for the US dollar and other markets in the week ahead.
Straight-forward discussion of the international climate.
Technical outlook in the week ahead for the dollar, 10-year yields, oil and S&P 500.
Put on the a tin foil hat if you must, but US dollar's rally is resuming after short consolidation phase. I think the rally is only about 1/3 of where it is eventually going.
I quit Wall Street and decided that it was time to talk more about what was going on inside it, as it had changed. It had become far more sinister and far more dangerous.
~ Nomi Prins
At 30 basis points yield, a short on this German Bund via the futures market is basically a call option on the utter destruction of this Massive Yield Chasing Strategy on behalf of financial institutions...
Simple near-term outlook.
I have told you the US dollar was going up for months. Some mocked me. Others insulted me. So what? I tell you the dollar's bull market remains intact.
Simple cogent analysis of the price action in the capital markets. Take it or leave it.
We see far too much complacency out there when it comes to interest rates, in the same manner that we’ve seen it concerning oil prices. We live in a new world, not a continuation of the old one. That old world died with Fed QE. Just check the price of oil. There have been tectonic shifts since over, let’s say, the holidays, and we wouldn’t wait for the ‘experts’ to catch up with live events. Being 7 weeks or two months late is a lot of time. And they will be late, again. It’s inherent in what they do. And what they represent.
Why does one believe the word “catastrophe” was used by The Fed's Charlie Evans? Hmmmmm? After all, the very articulated and polished minutes of what members expressed to one another as to set the current policy was just made public. We thought the verbiage of choice was now “patient.” Unless... You know you’ve either lost, or in the process, of losing control of the markets ear. In our opinion, this is an unveiled showing of possible outright panic developing behind the proverbial curtain.