Precious Metals

Gold Slides Off Brexit-Spike Highs, Oil Tumbles As Dollar Jumps

Having rallied back up to Brexit day spike highs at $1370, it appears - despite equity weakness - that a sudden burst of USD buying has sparked a brief slide in precious metals with gold retracing some of yesterday's gains... Oil prices are also sliding on USD strength (having tagged $40).

The Looming Financial Crisis Nobody Is Talking About, But Should Be

A chain of events has been set in motion that will expose the massive fraud world banks and governments have perpetuated on their citizens. When fear porn is being promoted on the major networks, keep in mind the real threats to freedom and security will not be openly announced.

"This Whole Mania Will End Tragically" - Impermanence & Full-Cycle Thinking

"This whole speculative mania will end tragically. How did we not learn this from 2000-2002, or 2007-2009, or the collapse of every other mania in history? My sense is that it’s a mistake to assume that yield-seeking hasn’t been fully exhausted across every class of securities...For those who insist that there is always a bull market somewhere, I would suggest that the most likely bull market to emerge here will be in bear market assets."

Global Stocks, Futures Continue Rise On Apple, Japan Stimulus; Yellen On Deck

The markets were following a rollercoaster night for the Japanese Yen, when after several media headlines Abe was said to have announced a stimulus package that would be more than JPY28 trillion, sending Japanese stocks higher 1.7% while the USDJPY spiked but well off overnight highs, pushing risk assets higher. Europe and US futs were also in the green on optimism from AAPL's earnings, but all eyes will be on today's FOMC announcement.