• Tim Knight from...
    10/10/2015 - 11:38
    My favorite sector to short  is (once again) energy, as giants like Exxon are exhibiting topping patterns that strike me as once-a-generation opportunities.


Tyler Durden's picture

"They'll Blame Physical Gold Holders For The Failure Of Monetary Policies" Marc Faber Explains Everything

"The future is unknown and we are not dealing with markets that are free markets anymore...now we have government interventions everywhere. [But] in the last say twelve months, I have observed an increasing number of academics who are questioning monetary policies. That's why I think they will take the gold away and go back to some gold standard by revaluing the gold say from now $1000/oz to say $10,000 dollars. An individual should definitely own some physical gold. The bigger question is where should he store it? because... the failure of monetary policies will not be admitted by the professors that are at central banks, they will then go and blame someone else for it and then an easy target would be to blame it on people that own physical gold because - they can argue - well these are the ones that do take money out of circulation and then the velocity of money goes down - we have to take it away from them... That has happened in 1933 in the US."

Tyler Durden's picture

Which Countries Have The Highest Default Risk: A Global CDS Heatmap

Aside from the socialist utopias of Greece and Venezuela, who else is on the default chopping block? The CDS heatmap below lays out all the countries which according to the market, are most likely to tell their creditors the money is gone... it's all gone.

Pivotfarm's picture

Cleanest Places in the World

The quest for perfection is man’s unattainable goal. Man can never be perfect if we are to believe the English philosopher Thomas Hobbes. Man is man’s wolf and all of that.

Marc To Market's picture

Don't Exaggerate Significance of SNB's Loss

The SNB reported a record loss, but the real meaning and implication is not what most are claiming.  See why.

Tyler Durden's picture

The Swiss National Bank Is Long $94 Billion In Stocks, Reports Record Loss Equal To 7% Of Swiss GDP

Earlier today, the SNB which is perhaps the most transparent hedge fund of all central banks and actually lays out its financial statements in a respectable manner every quarter, released its results for the second quarter (and first half) of 2015. The result: another absolutely epic loss, amounting to €50.1 billion ($51.8 billion) of which €47.2 billion on currency positions - a whopping 7% of Swiss GDP - meaning that in Q2 the SNB lost another €20 billion. This happened despite the SNB having invested 17%, or $94 billion, in foreign - mostly US -stocks.

Phoenix Capital Research's picture

This Time Around, Entire Countries Will be Going Bust

You do not start confiscating deposits at banks until the government itself is bankrupt and cannot foot the bill for a bailout.

Phoenix Capital Research's picture

What Do Greece and Louisiana Have in Common? The War on Cash

The Centralized Powers have declared a War on Cash... and it is spreading throughout the globe.

GoldCore's picture

Gold Hammered Down In Sunday Night’s 2-Minute, $2.7 Billion “Unprecedented Attack”

Since yesterday there has been another of wave of negative, misleading and almost triumphalist commentary on gold most of which studiously ignores the clear evidence of manipulation of the price on Sunday night.

GoldCore's picture

China’s Total Gold Holdings Much Higher - Owns Gold In SAFE and CIC

Many analysts believe the officially reported 1,660 tonnes to be an understatement given the enormous volumes of gold that have been passing through Hong Kong - and through Shanghai in more recent years - and the large amounts that have been produced and bought domestically.

It is important to remember that as we have long pointed out two other entities, besides the PBOC, have also been buying gold - the State Administration of Foreign Exchange (SAFE) and the China Investment Corporation (CIC).

GoldCore's picture

Gold 'Flash Crash' as $2.7 Billion Worth of Gold Futures Sold in Less Than 2 Minutes

In what looked like another successful bid to manipulate the gold market lower, there was massive selling of gold futures contracts - some 700,000 ounces worth of gold futures in mere seconds. The equivalent of one-fifth of a whole day’s trade in a normal session, was sold in a concentrated manner in less than two minutes - pushing prices lower again.

GoldCore's picture

Global Precious Metal Roundtable – Greece, China, Manipulation, Interest Rates and Outlook

The latest ‘Global Precious Metal Roundtable’ was recorded Wednesday and featured Jordan Eliseo of ABC Bullion,  Bron Suchecki of the Perth Mint and Ron Stoeferle of Incrementum and Mark O’Byrne of GoldCore.

GoldCore's picture

CHINA Boosts Gold Reserves 57%, Top Russian Reserves in First Disclosure Since '09

 This is the continuation of the trend of China positioning the yuan as global reserve currency ... The Chinese are pushing for full convertibility of the RMB and increasing their gold holdings will create confidence in the fledgling reserve currency and aid them in this regard.

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