• 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...

Hong Kong

Tyler Durden's picture

Gartman Remains Bearish "Of Stocks"





"We are still going to err bearishly of stocks and certainly we shall not err bullishly of them. We are, in our retirement account here at TGL long of gold in EUR and Yen related terms."

 
Tyler Durden's picture

"It's Worse Than 2008": Toronto's "Condo King" Weighs In On The Death Of Alberta's Housing Market





"This is a unique event that is annihilating anywhere in the world that produces oil.”

 
Tyler Durden's picture

China "Disappears" A Dozen People For Plotting Coup: "There's No Excuse For Taking Away My Parents And Brother"





Wen said his parents told him by phone earlier this month that the authorities promised to stop harassing them if Wen disclosed to the government who wrote the letter and how it was published. In other words: "Just tell us who we should shoot and we'll give you your family back"...

 
Tyler Durden's picture

America's Top Rogue Mercenary - Blackwater's Erik Prince Is Under Federal Investigation





"...the inquiry was abandoned after Blackwater’s top manager there issued a threat: “that he could kill” the government’s chief investigator and “no one could or would do anything about it as we were in Iraq," according to department reports. There’s only one way to stop a guy like this - lock him up. For once, do your job Department of Justice.

 
Tyler Durden's picture

Belgium May Make Major Shift Toward Fascism In Wake Of Brussels Terror Attacks





Just one day after the coordinated attacks in Brussels, the resounding cry from governments, media, and national security experts is that we need less freedoms and more security. “Our tolerance of electronic surveillance... seems a small price to pay for some measure of security against threats that nobody - today of all days - can doubt are real.”

 
Tyler Durden's picture

U.S. Futures Slide, Crude Under $39 As Dollar Rallies For Fifth Day





Following yesterday's dollar spike which, which topped the longest rally in the greenback in one month, the prevailing trade overnight has been more of the same, and in the last session of this holiday shortened week we have seen the USD rise for the fifth consecutive day on concerns the suddenly hawkish Fed (at least as long as the S&P is above 2000) may hike sooner than expected, which in turn has pressured WTI below $39 earlier in the session, and leading to weakness across virtually all global risk assets.

 
Tyler Durden's picture

Dollar Winning Streak Continues For Fourth Day Pushing Oil Lower; Futures Flat





Following two days of rangebound moves, where Monday's modest market rebound was undone by the Tuesday just as modest decline (despite the early surge higher on the latest "bullish for stocks" European terrorism), overnight equity action continued to be more of the same, and as of this moment S&P 500 futures were unchanged, while European stocks were modestly higher. But while equities remain surprisingly uneventful despite loud warnings by both JPM and Goldman now that another bout of volatility and equity downside is coming, in FX there has been a substantial change, one which has seen the US dollar rise for a fourth day, the longest winning streak in a month, driven by the latest round of hawkish Fed jawboning courtesy of the Chicago Fed's Charlie Evens yesterday, which in turn has pushed down prices of oil, gold and copper.

 
GoldCore's picture

Gold Silver Ratio Says It’s Time to Buy Silver, Sell Gold





We continue to see silver as very undervalued vis a vis gold but more especially vis a vis stocks, bonds and many property markets. Rather than selling the financial insurance that is gold, we would advise reducing allocations to stocks, bonds and property and allocating to silver.

 
Tyler Durden's picture

Frontrunning: March 21





  • Oil Drops With Emerging-Market Currencies on Rig Recovery Signs (BBG)
  • A plea for help - How China asked the Fed for its stock crash play book (Reuters)
  • Obama to meet Raul Castro on historic Cuba trip (Reuters)
  • Wall Street's Pile of Unwanted Treasuries Exposes Market Cracks (BBG)
  • Dimon's Timing Looks Savvier by the Day as Equities Rebound (BBG)
 
Tyler Durden's picture

NIRP Has "Spectacularly Back-Fired": One Trader Outlines Japan's Grim Prospects





"The long-term outlook for Japan, and the yen, is deteriorating significantly. January’s shift to negative rates not only appears to be not helping, it seems to be spectacularly back-firing."

 
Tyler Durden's picture

Chinese Coup Rumblings: Website Prints "Explosive" Letter Calling For President's Resignation





"We are loyal communist. On the occasion of the "two sessions" held, we write this letter to you, asking you to resign from all party and state leadership positions. Made this request, out of consideration of the Party's cause, out of the country and nation's future to consider, too, it is out of consideration for you and your family own security."

 
Steve H. Hanke's picture

The Hong Kong Dollar: A Speculators Graveyard





Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

Since 1983, when Hong Kong adopted its currency board system, speculative bets against the Hong Kong dollar (HKD) have ended in the graveyard. Just ask Bill Ackerman. He bet the house in a 2011 attach on the HKD, and he lost big. Now, it’s reported that the likes of George Soros and Kyle Bass are rolling the dice against the HKD. They will lose, too.

 
Tyler Durden's picture

"At The Moment, It's Carnage" - The Startling Truth About China's 'Strong Consumer'





There is one major problem with the "strong, resilient Chinese consumer" narrative: he is neither strong, nor resilient, and is in fact getting weaker, and more angry by the day. "We are struggling to adapt as sales move online or to small mom-and-pop stores," said a senior sales executive at a major Western consumer goods firm. "At the moment, it's carnage." Meanwhile, inventory levels at some clients had jumped to as much as nine months, from a normal average of around two weeks.

 
Tyler Durden's picture

This Is What Wall Street Thinks Of China's FX Trading Tax





Last night we reported that the PBoC is now considering a Tobin tax on FX transactions. The follows reports that a series of big name money managers - or, as China calls them “predators,” and “crocodiles” - have placed outsized bets against the yuan. Here's what analysts think of the PBoC's latest move to crush the "speculators."

 
Gold Money's picture

Inflection Points





Gold prices are up between 13% and 23% year-to-date in the major currencies. However, this upward trend started long before the recent price rally.

 
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