• 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...

M1

Tyler Durden's picture

It Begins: Europe Flooded With Reports Of "ISIS Terrorists" Posing As Refugees





As part of the refugee crisis in which tens of thousands of innocent Syrians have been displaced and seeking European asylum, it was only a matter of time before one or more was "found" to be ISIS terrorists in order to perpetuate the fear and crisis narrative. A crisis which Brussels would never go to waste. That time has arrived after a report by German RTL and carried by NewObserver that "an ISIS terrorist posing as an "asylum seeker" has been arrested by German police in a “refugee” center in Stuttgart, and German customs officers have seized boxes containing Syrian passports being smuggled into Europe."

 
Tyler Durden's picture

Mario Draghi's Panic Button, Birthday Presser - Live Feed





DRAGHI SAYS ISSUE SHARE LIMIT FOR QE RAISED TO 33% FROM 25%

ECB CUTS EURO-AREA INFLATION FORECASTS FOR 2015-2017

Mario Draghi holds court (on his birthday, no less) in a closely watched post-meeting presser as markets hope collapsing inflation expectations, heightened volatility, EM chaos, and China turmoil will be enough to force the ECB's hand. 

 
Tyler Durden's picture

The Stock Market Is In Trouble – How Bad Can It Get?





Even if it is short term oversold, this is actually a quite dangerous market – caveat emptor, as they say.

 
Tyler Durden's picture

Which Is A Bigger "Act Of Faith" - Owning Gold Or Stocks?





The WSJ has released yet another gold hit piece calling it a "pet rock' and gold bugs "subjects of a laboratory experiment on the psychology of cognitive dissonance" just one day after the PBOC reveals it has added the biggest amount of gold in history in order to "ensure security." But the biggest irony is that none other than Citigroup made a far bolder case that it is not the ownership of gold but of stocks that is the ultimate act of faith: "investors remain united in their faith in the central banks – if not for their ability to create growth, then at least in their ability to push up asset prices. And yet the limits of that faith are increasingly on display." So who is right?

 
Tyler Durden's picture

Mario Draghi's "Keep Calm & Q€ On" ECB Press Conference - Live Feed





We suggest ECB President Mario Draghi has his work cut out for him today. As the entirely political catalyst for Greece's crescendo-like bailout capitulation, he will - we hope - be questioned long and hard on his actions over the last 2 weeks (and going forward) with regard the increasingly 3rd world nation. As Bloomberg's Richard Breslow notes, Draghi needs to help calm a still tense situation. The only way he can do this is with as much tranquility as he can muster, make sure everyone knows he is still prepared to do whatever it takes. It appears the markets (FX and equities for sure) are anticipating uber-dovishness and as we noted in the preview, he will likely crow of the lack of contagion from Greece, how well his tools have worked, and how Q€ is working... we wonder if the Greek reporters will be blocked from the press conference?

 
Tyler Durden's picture

Hong Kong Hammered As China Crash Contagion Continues





No bubble can remain aloft without a heavy dose of monetary inflation. The fact that China’s authorities, including its central bank, have been unable to stem the decline stands as a stark warning to the many Western investors who seemingly believe that central banks are nigh omnipotent entities run by magicians. This is not the case. Once an asset bubble begins to burst, there there is nothing central bankers can do to stop it – and we have plenty of bubbles awaiting their turn in the barrel.

 
Tyler Durden's picture

All The World's Investable Assets In Context





We decided to do a little research to find out the size of different investable asset classes globally, to try to get some color on the money flows in this extraordinary period. The data is from various dates from 2013 to 2014, but the differences don’t matter much.

 
Tyler Durden's picture

Junk Fees and Debt: The Funding Template For American Cities





As many of us have observed over the past few years, local governments in America are caught in the pincers of rapidly rising pension and healthcare costs and stagnant tax revenues. The only "fixes" that don't alienate vested interests or tax-burdened voters are dramatic increases in junk fees, i.e. "fees for use," and borrowing money by selling bonds. We've prepared a template that will fit virtually any American city and county in the decade ahead. Look for a variation of this in your mailbox next year, and every year after 2016.

 

 
GoldCore's picture

Gold At $64,000 – Bloomberg’s ‘China Gold Price’





There will be a tipping point where the advantage to be gained by badly impacting the dollar and positioning the yuan as new reserve currency will be greater than the disadvantage suffered by a collapse in the value of the dollar. The tipping point is closer than many believe.

 
GoldCore's picture

John Nash RIP: “Beautiful Mind” Game Theory May Lead to Gold Standard





In an important interview with Reuters in 2012, John Butler suggested that if one country - he cited Russia - were to back its currency with gold it could cause a 20% collapse in the dollar in just 24 hours. In order to stabilise the currency and in an attempt to preserve the reserve currency status of the dollar, the U.S. would be forced against its will to back its currency with gold.

 
Tyler Durden's picture

It Is Mathematically Impossible To Pay Off All Of Our Debt





Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?  Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either.

 
Tyler Durden's picture

Blogger Ben's Basically Full Of It





Ben Bernanke’s skin is as thin, apparently, as is his comprehension of honest economics. The emphasis is on the “honest” part because he is a fount of the kind of Keynesian drivel that passes for economics in the financially deformed world that the Bernank did so much to bring about.

 
Tyler Durden's picture

Central Banking Refuted In One Blog - Thanks Ben!





Blogger Ben’s work is already done. In his very first substantive post as a civilian he gave away all the secrets of the monetary temple. The Bernank actually refuted the case for modern central banking in one blog. The truth is the real world of capitalism is far, far too complex and dynamic to be measured and assessed with the exactitude implied by Bernanke’s gobbledygook. In fact, what his purported necessity for choosing a rate “somewhere” actually involves is the age old problem of socialist calculation.

 
Tyler Durden's picture

How Money Creation Threatens Hyperinflation





Creating even more money will not help the situation, only exacerbate it. Hyperinflation is a cancer that lurks in our monetary structure. Time to surgically remove it before it metastasizes.

 
Tyler Durden's picture

Janet Yellen Is Freaking Out About "Audit The Fed" – Here Are 100 Reasons Why She Should Be





Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created. During testimony this week, she made “central bank independence” sound like it was the holy grail. Even though every other government function is debated politically in this country, Janet Yellen insists that what the Federal Reserve does is “too important” to be influenced by the American people. Does any other government agency ever dare to make that claim? If the Fed is doing everything correctly, why should Yellen be alarmed? What does she have to hide?

 
Syndicate content
Do NOT follow this link or you will be banned from the site!