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Tyler Durden's picture

Gold In 2016: "Economic Power Is Shifting"





An unseen bubble at the heart of the financial system is deflating with unknown consequences. When bubbles deflate, and here we are talking about one in the hundreds of trillions, bad debts are usually exposed. Even though much of the reduction in outstanding OTC derivatives is due to consolidation of positions following the Frank Dodd Act, much of it is not. When free markets reassert themselves, and they always do, the disruption promises to be substantial. We appear to be in the early stages of this event. If so, demand for physical gold can be expected to escalate rapidly as a financial crisis unfolds.

 

 
Tyler Durden's picture

What The Charts Say: "US Stocks Are In Riskiest Position In Seven Years"





"After suffering the worst start to a new year in history, the U.S. stock market has entered correction territory which is defined by a drop of 10% from its old high. The following "hateful eight" charts pretty much speak for themselves... This doesn't bode well for U.S. stocks which are now in the riskiest position since the bull market started seven years ago."

 
GoldCore's picture

Gold Higher In Most Currencies in 2015 - Up 4% This Week





The sole focus of gold in dollar terms and the 10% fall of gold priced in dollars has led to some negative comment about gold's annual fall, the "third year of losses."

 
Tyler Durden's picture

It's Official: Bitcoin Was The Top Performing Currency Of 2015





For most investors, the major story of 2015 was the expectation and eventual fulfillment of a rate hike, signalling the start of tightening monetary policy in the United States. This policy is divergent to those of other major central banks, and this has translated into considerable strength and momentum for the U.S. dollar. Despite this strength, the best performing currency in 2015 was not the dollar. In fact, the top currency of 2015 is likely to be considered the furthest thing from the greenback.

 
Tyler Durden's picture

China, Oil, & Markets: It's All One Story





If there’s one thing to take away from this year’s developments in markets and economies so far, it’s that they are all linked, they’re all part of the same thing. If you can’t see that, you’re not going to understand what’s happening. It’s tempting to see this as a China problem, but first of all there is no China problem that will not of necessity also gravely affect the west , and second of all when you read, just to name an example, that America’s new jobs pay 23% less than the jobs they replaced, it’s just plain silly to believe that the economy is doing well, let alone recovering.

 
zenkick2000's picture

USDCAD reaches 12 year high; but here comes the reversal





  • Weakness in the Canadian Economy driving its currency lower
  • Inverse relationship between commodity prices and USDCAD exchange rate
  • Why there could be a reversal in trend

How did the Canadian currency reach a twelve year low?

The US Dollar reached a recent high against CAD at 1.41081 on January 6th a level not seen since August 2003. The general bull trend the green back has been in picked up momentum since talk begun by the Fed of a return to higher interest rates.

 
Tyler Durden's picture

2016 Theme #4: The End-Game Of Debt-Fueled "Growth"





It's requiring more borrowed yen/yuan/dollars/euros just to keep the global economy from collapsing in a heap of impaired debt. The costs of waste, fraud and mal-investment are finally coming home to roost, and while near-zero interest rates serve to mask the future costs, near-zero rates cannot stem the rising tide of mal-investment. Rather, near-zero rates have fueled mal-investment, waste and unproductive spending. The diminishing returns on that strategy of "growth" are inescapable.

 
Tyler Durden's picture

Global Stocks Crash After Spiraling Chinese Devaluation Unleashes Worldwide Chaos And Selling





Once China set the Yuan fixing some 0.5% lower, the biggest drop since the August devaluation, all hell broke loose and unleashed a global selling panic after China's stock market was promptly shut down less than 30 minutes into trading, then European shares dropped the most in more than 4 months as Asian equities plunges, as did US stock futures, the dollar weakened against the euro and the yen; crude plunged to fresh 12 year lows. Gold rose.

 
Tyler Durden's picture

The Carnage Returns: Stocks Tumble After Sharp Chinese Devaluation; Brent At 2004 Lows; Gold Surges





Before we go into details of the overnight carnage, this is where we stand currently: S&P futures now down 33 points or 1.63% while 2Y Treasury rallies pushing its yield back below 1% as EU stocks extend their drop after China weakened its currency, North Korea says it tested a hydrogen bomb; Brent crude falls to lowest level since 2004.

 
Tim Knight from Slope of Hope's picture

The Gartman Grid





It only takes a moment for the observant viewer to ascertain the state of each of these two realities. There is no Schrodinger's Cat in Dennis' world.

 
Tyler Durden's picture

Frontrunning: January 5





  • Global share market settles after stormy start to year (Reuters)
  • Stocks Extend Losses as Yen, Gold Rise on Lingering China Unease (BBG)
  • China battles to shore up stocks, yuan after globe-shaking slide (Reuters)
  • Volkswagen faces billions in penalties as U.S. sues for environment violations (Reuters)
  • Obama tightens gun rules, requires more background checks (Reuters)
 
Tyler Durden's picture

Stocks Resume Rout After Massive Chinese Intervention Fails To Lift Shanghai, Calm Traders





After yesterday's historic -6.9% rout in the Shanghai Composite, which saw the first new marketwide circuit breaker trading halt applied to Chinese stocks (on its first day of operation), many were wondering if the Chinese government would intervene in both the once again imploding stock market, as well as China's plunging and rapidly devaluing currency. And, after the SHCOMP opened down -3%, the government did not disappoint and promptly intervened in both the Yuan as well as the stock market, however with very mixed results which global stocks took a sign that the "national team" is no longer focused solely on stocks, and have resumed selling for a second consecutive day. 

 
Tyler Durden's picture

Byron Wien's Reveals Top 10 Predictions: Expects Stocks To Decline After Predicting 15% Rise In 2015





"The United States equity market has a down year. Stocks suffer from weak earnings, margin pressure (higher wages and no pricing power) and a price- earnings ratio contraction. Investors keeping large cash balances because of global instability is another reason for the disappointing performance."

 
Tyler Durden's picture

The Best And Worst Performing Assets Of 2015





With markets wrapped up for 2015 now, reviewing the performance of asset classes last year shows that it was one where negative asset class returns were aplenty, while those finishing in positive territory were few and far between. Indeed, of the 42 assets we monitor in Figure 5, just 9 finished with a positive return in Dollar-adjusted terms over the full year.  At the other end of the scale there were some notable losers.

 

 
Tyler Durden's picture

Happy New Year: Global Stocks Crash After China Is Halted Limit Down In Worst Start To Year In History





It all started off relatively well: oil and US equity futures were buoyant on hopes Iran and Saudi Arabia would break out in a bloody conflict any minute boosting the net worth of shareholders of the military industrial complex, and then, out of nowhere, like a depressed China in a bull shop, the "mainland" crashed the party and it all well south very, very quickly...

 
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