Reality

GoldCore's picture

Gold mine production is peaking globally and this is “bullish for gold” according to a slowly emerging group in the gold industry. It is great to see the reality of peak gold production slowly be acknowledged in the mainstream as it is an important fundamental factor in the market which has been continuously ignored.

The Secular Trend In Rates Remains Lower: The Yield Bottom Is Still Ahead Of Us

Donald Trump’s victory sparked a tremendous sell-off in the Treasury market from an expectation of fiscal stimulus, but more broadly, from an expectation that a unified-party government can enact business-friendly policies (protectionism, deregulation, tax cuts) which will be inflationary and economically positive. It doesn’t take too much digging to show that the reality is different. The deluge of commentaries suggesting 'big-reflation' are short-sighted.

The Catastrophic Consequences Of Peak Oil Demand

With OPEC’s 2016 World Oil Outlook now grimly forecasting that peak oil demand could become a reality in just over a decade, and natural gas and renewables chomping at the bit to cannibalize commodity market growth, it may be good for the environment, but the trade-off will be global instability on a catastrophic level.

A Trump Doctrine - "America First"

The opportunity is at hand for Trump to reconfigure U.S. foreign policy to the world we now inhabit, and to the vital interests of the United States. The ideal time for such a declaration, a Trump Doctrine, is when the president-elect presents his secretaries of state and defense.

Oil Surges To 'Algiers' Lows After Obama Statement & Well-Timed OPEC Headline

Just as Morgan Stanley warned, be careful getting too bearish into the OPEC meeting as OPEC's ability to engineer a short-squeeze (via well-placed but meaningless headlines) trumps any dismal fundamentals. Sure enough, WTI is surging by the most in 7 weeks to pre-Algiers levels on spurious headlines today, which builds on a reversal yesterday that started as President Obama discussed the Iran Deal.

Bond Bloodbath Becomes Buying-Panic As Treasury Yields Tumble Most Since June

After 3 days of carnage in US Treasuries, pushing longer-dated bond yields notably above US equity dividend yield - and following both Citi and Goldman reports that Trumponomics may be less inflationary than expected (and the yield surge is tightening financial conditions) drastically, longer-dated bond yields are dropping notably in the early Asia session. 10Y yields are down 8bps - the most since June as 30Y drops back below 3.00%.

As Venezuela's Currency Loses 40% In One Month, Maduro Dances

Venezuela currency has now officially crossed the "nice, round number" psychological hyperinflation barrier of 2,000/USD, trading at 2,014 today, crashing by 22% since our last check, and an vomit-inducing 43% in the past month. Meanwhile, Venezuela president Nicolas Maduro is dancing salsa...

Popular Vote Reality Check

No amount of Soros financed riots is going to change the outcome. Time to retreat into your six safe spaces and break out the coloring books and play doh. Isn’t it funny how the left wing media were outraged when Trump said he wouldn’t agree to the outcome before seeing the vote. Now they question the outcome based on no facts or basis for argument.

What Now? (Opposing The Deep State Of Rackets)

The USA is squandering its vitality trying to maintain a half-assed global empire of supposed interests, economic, ideological, and existential. The financialization of the economy is already playing into its disastrous climax with bond markets tanking all over the planet. What this means is that the long-ignored chickens of risk associated with debt are coming home to roost.