• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Turkey

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Putin Orders "Main Part" Of Russian Army Out Of Syria As Peace-Talks Resume





Having collapsed just over a month ago, peace talks to end the Syrian strife resumed today amid the "fragile" truce brokered by US and Russia. So that makes the following even more intriguing:
*PUTIN ORDERS `MAIN PART' OF RUSSIAN ARMY TO START SYRIA PULLOUT, PUTIN SPOKE W/ ASSAD, TOLD HIM OF DECISION TO PULL OUT: PESKOV
So having stated proof of Turkish troops in Syria this morning, and after the resignation of the Russian navy commander, Putin tells the foreign ministry to intensify their role in the peace process.

 
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Frontrunning: March 14





  • Fed to sit tight on rates at March meet, hint at hikes to come (Reuters)
  • Election setback a 'wake-up call' for Merkel, media and politicians say (Reuters)
  • Germany’s Merkel under renewed attack after populists’ poll success (FT)
  • Temperatures Rise on Eve of Next GOP Contests (WSJ)
  • Carl Icahn setting up son to take his place: sources (Post)
  • Turkey Vows Swift Retaliation After Bomb Kills 37 in Capital (BBG)
 
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Central Bank Rally Fizzles: Equity Futures Lower As Attention Turns To "Hawkish Fed" Risk





While Asia was up on China's bad data, and Europe was higher again this morning to catch up for the Friday afternoon US surge, US equity futures may have finally topped off and are now looking at this week's critical data, namely the BOJ's decision tomorrow (where Kuroda is expected to do nothing), and the Fed's decision on Wednesday where a far more "hawkish announcement" than currently priced in by the market, as Goldman warned last night, is likely, in what would put an end to the momentum and "weak balance sheet" rally.

 
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Mystery HFT "Dude" Is Crushing The Turkey Stock Market





"There’s a giant bull in the [Turkey stock market] china shop," exclaims one trader, but (unsually for Turkey), "nobody knows anything for sure" about who he, she, or it is. As Bloomberg reports, a mystery investor who first appeared a year and a half ago with $450 million of bets on a single day, almost double the market average, is now executing major transactions with increasing frequency, scaring away competitors who can’t figure out when he or she will strike next, traders and bankers said.

 
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Visualizing The Militarization Of The Middle East





The global arms trade is huge, trending upwards now for roughly 15 years straight. But where are these arms going?

 
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Democracy, Be Damned - The "Sea Island" Conspiracy Reveals The Deep State





What we see at Sea Island is that, despite all their babble about bringing the blessings of “democracy” to the world’s benighted, AEI, Neocon Central, believes less in democracy than in perpetual control of the American nation by the ruling Beltway elites. If an outsider like Trump imperils that control, democracy be damned. The elites will come together to bring him down, because, behind party ties, they are soul brothers in the pursuit of power.

 
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China Is Now In Control Of Global Silver Prices





China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets. That’s the London Bullion Market silver price. Where one of China’s largest banks just became a member of an elite group of players that controls fluctuations in this key metal.

 
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Leaking Beachfront Nuclear Reactor Near Miami Threatening Florida Everglades





“You would have to work hard to find a worse place to put a nuclear plant, right between two national parks and subject to hurricanes and storm surge.”

 
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This 4,000-Year-Old Financial Indicator Says That A Major Crisis Is Looming





In nearly every single major recession and panic of the last century, there was a sharp rise in the gold/silver ratio. The crash of 1987. The Dot-Com bust in the late 1990s. The 2008 financial crisis. At 82x, this isn’t normal. In modern history, the gold/silver ratio has only been this high three other times, all periods of extreme turmoil—the 2008 crisis, Gulf War, and World War II. This suggests that something is seriously wrong. Or at least that people perceive something is seriously wrong.

 
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Frontrunning: March 8





  • Global Stocks Drop on Renewed Concerns About China (WSJ)
  • Iron Ore's Rally Stalls as Goldman to Citigroup Forecast Retreat (BBG)
  • EU and Turkey close to groundbreaking migrant deal (FT)
  • Carney's `Brexit' Stance Under Fire as BOE Accused of Bias (BBG)
  • Oil edges lower after Kuwait dents hopes for output freeze (Reuters)
 
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Bears Exit Hibernation As Rally Fizzles On Dismal Chinese Trade Data; Commodities Slide; Gold Higher





Those algos who scrambled to paint yesterday's closing tape with that last second VIX slam sending the S&P back over 2,000, forgot one thing - the same thing that China also ignored - central bankers can not print trade, something we have repeated since 2011. The world got a harsh reminder of this last night when China reported the third largest drop in exports in history, which crashed by over 25%, the third biggest drop on record, and no, it was not just the base effect from last February's spike, as otherwise the combined January-February data would offset each other, instead it was a joint disaster, meaning one can't blame the Lunar New Year either.  In short, one can't really blame anything aside from the real culprit: despite all the lipstick that has been put on it, global trade is grinding to a halt.

 
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EU, Turkey Agree To Keep Talking On Refugee Crisis, Will Reconvene Next Week





Alexis Tsipras is fuming. Austria is unilaterally closing the Balkan route. Merkel is shouting about the bloc's "damned duty." And Erdogan is, well... Erdogan.

 
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Iran Billionaire Who Pioneered "PetroGold" Sentenced To Death





Two months back, in a series of lengthy exposes we profiled the ins and outs of the “petrogold” trade that allowed Iran to skirt international sanctions that froze Tehran out of the banking system by way of conduits and shady go-betweens in Turkey and Dubai. Now, the man behind the Iranian side of the sanctions end-around has been sentenced to death in his own country. Did he really embezzle nearly $3 billion? Or was his demise preordained?

 
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