• dazzak
    02/11/2016 - 10:54
    Because so much is riding on what so few decide,once the faith in the Central Banks fail, the chances of us getting out of this diminish every second...

India

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Lines Around The Block To Buy Gold In London; Banks Placing "Unusually Large Orders For Physical"





This is the best quarterly performance for Gold in 30 years... "It’s been crazy – it’s been the best week since 2012. We’ve had people queuing round the block..."

 
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"Confidence Is Lost": Fred Hickey Says "Bear Market Will Last Until QE4"





"The Fed is completely dangerous - it's the most dangerous entity out there. The policy makers are the ones who are causing much of the problems we have today... The bad news has only just begun... This bear market will continue which means we’re headed lower with rallies in between until the Federal Reserve is forced to come in and start QE4."

 
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European Banks Soar On Rumor ECB May Monetize Bank Stocks; Japan Crash Continues





While algos patiently await the only thing that matters for US stocks today which is Janet Yellen's testimony before Congress. expected to be released at 8:30 am (and previewed here), the rest of the world this morning is a hot mess of schizophrenic highs and lows.

 
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Iran Says No Thanks To Dollars; Demands Euro Payment For Oil Sales





Iran enjoys trolling the United States. In fact, it’s something of hobby for the Ayatollah, who has maintained the country’s semi-official “death to America” slogan even as President Rouhani plays good cop with Obama and Kerry. In the latest humiliation for Washington, Tehran now says it wants to be paid for its oil in euros, not dollars.

 
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Is Shorting The Yuan Dangeorus?





The announcement that China will start targeting the yuan against a basket of currencies and not the dollar is consistent with the strategy of undermining the dollar's value. While the view of a looming Yuan devaluation seems almost universal, GoldMoney's Alasdair Macleod warns instead that something else may be a foot - China will sell her dollars not to protect the yuan, but to dispose of an overvalued currency.

 
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Kyle Bass Asks If China Is Fine, Why Are They So Worried About "Some Hedge Fund Manager In Texas"





“If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion - it’s so small it should be irrelevant and yet somehow it’s really relevant.”

 
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The Golden Age





Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change…

 
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When Mother Market Force Takes Over Central Banking! Watch Rates Rise Even Though the Fed Doesn't





Do you remember when Greenspan was befuddled when natural market rates wouldn't obey his commands in the previous decade? Well, I sure hope Yellen does. Even if she doesn't the high yield financed US energy probably won't be around long enough to find out.

 
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How Corruption Cripples America's Military





Amongst all corrupt aristocracies (and that’s every aristocracy), America’s takes the cake. The International Criminal Court will begin to have credibility if and when it starts to prosecute American leaders such as George W. Bush and Barack Obama, but not a minute before that time. Western gangsters lead the world right now, and Western political leaders are their agents — merely fixers, for those elite gangsters.

 
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Meet The World Leader Who Stole His Citizens' Gold





Financially insolvent governments of major superpowers do not simply go gentle into that good night. They don’t suddenly turn over a new leaf and start embracing economic freedom. Instead, they get worse. More desperate. More destructive. Should we honestly believe that they can continue racking up more debt than has ever existed in the history of the world without any consequences? This is madness. As Mark Twain used to say, history may not repeat, but it certainly rhymes.

 
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Negative Interest Rates Already In Fed’s Official Scenario





"The severely adverse scenario is characterized by a severe global recession, accompanied by a period of heightened corporate financial stress and negative yields for short-term U.S. Treasury securities.... As a result of the severe decline in real activity and subdued inflation, short-term Treasury rates fall to negative ½ percent by mid-2016 and remain at that level through the end of the scenario."

 
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Rally Hobbled As Ugly China Reality Replaces Japan NIRP Euphoria; Oil Rebound Fizzles





It didn't take much to fizzle Friday's Japan NIRP-driven euphoria, when first ugly Chinese manufacturing (and service) PMI data reminded the world just what the bull in the China shop is leading to a 1.8% Shanghai drop on the first day of February. Then it was about oil once more when Goldman itself said not to expect any crude production cuts in the near future. Finally throw in some very cautious words by the sellside what Japan's act of NIRP desperation means, and it becomes clear why stocks on both sides of the pond are down, why crude is not far behind, and why gold continues to rise.

 
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