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Gold, Silver, Corn, And Brent Are Best Performers On The 5-Year Anniversary Of The Great Financial Crisis

Tyler Durden's picture




 

Five years ago today BNP Paribas stopped withdrawals from three of their investment funds - because they couldn't value their holdings following the subprime fallout - and arguably marked the start of the Great Financial Crisis as money markets seized up and the ECB did its first emergency liquidity pump. In the five years hence, as Deutsche's Jim Reid notes, its been a pretty good run for commodities and most fixed income assets. Given all that's gone on over this period it’s fair to say that returns have been pretty good if you've been in the right areas. The authorities have played a big part in ensuring the period wasn't a disaster even if there have been frightening periods and very poor returns in some areas. Given that there are still numerous unresolved issues, the authorities need to continue to be on full alert for the next 5 years to ensure that when we do the 10 year anniversary there haven't been set-backs in many of these assets.

 

 

Source: Deutsche Bank

 

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Thu, 08/09/2012 - 10:36 | 2691011 mrktwtch2
mrktwtch2's picture

commodiites and gold have rallied because the fed brought the dollar down in the last 5 yrs..if the dollar gets back to 95 or so you will see all the hot money dump the comoddiites like a bad habit..

Thu, 08/09/2012 - 10:48 | 2691064 camaro68ss
camaro68ss's picture

But RoboTrader told me theres no gains in commodites. He said its all about facebook, Amazon, zinga, netflix.

Thu, 08/09/2012 - 11:01 | 2691115 slewie the pi-rat
slewie the pi-rat's picture

this is the holyMogamboTrinity + popeEthan_owl

and why don't they count the cash in the trash?  it's bunker fuel, BiCheZ!

wheeee!

Thu, 08/09/2012 - 11:13 | 2691169 Richard Head
Richard Head's picture

He also got "blowtorched" on CMG, TZOO, said something about "believing in Uncle Gorilla."

Thu, 08/09/2012 - 11:26 | 2691187 malikai
malikai's picture

Meanwhile, it looks like somebody caught wind of the corn/soybean compression trade..

http://www.quantsig.net/img/com_corn.png

http://www.quantsig.net/img/com_soybean.png

Thu, 08/09/2012 - 13:27 | 2691600 smiler03
smiler03's picture

If you bought corn five years ago wouldn't it have perished by now?

Thu, 08/09/2012 - 17:40 | 2692285 NIRee
NIRee's picture

No you roll it through futures contracts, sell before it expires and buy new ones. The cost is like 5 basis points per year.

Thu, 08/09/2012 - 12:03 | 2691360 Long-John-Silver
Long-John-Silver's picture

Has anyone heard anything from Million Dollar Bonus since FacePlunge broke $20?

Thu, 08/09/2012 - 17:31 | 2692272 d_taco
d_taco's picture

Mad money: Netflix. Buy buy buy!

Thu, 08/09/2012 - 17:35 | 2692279 Squid Vicious
Squid Vicious's picture

Robo the retail tard was last seen hiding out in Priceline and Monster Beverage... oops

Thu, 08/09/2012 - 10:52 | 2691087 CrazyCooter
CrazyCooter's picture

Dr. Copper looked like a pretty flat commodity to me ...

Regards,

Cooter

Thu, 08/09/2012 - 13:24 | 2691592 Citxmech
Citxmech's picture

What I find especially notable here is that of those top performers, only two really work for normal folks who need something they can buy and hold.

Thu, 08/09/2012 - 11:11 | 2691150 Temporalist
Temporalist's picture
Global Food Reserves Falling as Drought Wilts Crops

"Stockpiles of the biggest crops will decline for a third year as drought parches fields across three continents, raising food-import costs already forecast by the United Nations to reach a near-record $1.24 trillion."

"Crops in the U.S., the biggest exporter, are in the worst condition since 1988, heat waves are battering European crops and India’s monsoon rainfall already is 20 percent below normal"

http://www.bloomberg.com/news/2012-08-08/global-food-reserves-falling-as...

Thu, 08/09/2012 - 15:02 | 2691866 Citxmech
Citxmech's picture

Sobering stuff.  It's all coming to a head at the same time.

Didn't anticipate the reduction in available nuclear-generated power because of the reduced cooling potential of the water.  Also, I wonder how long WF will keep insuring U.S. crops at this rate?  

Thu, 08/09/2012 - 11:10 | 2691153 fonestar
fonestar's picture

The USD is the only thing that is getting dumped by the smart money and not the "hot money".

Thu, 08/09/2012 - 10:36 | 2691012 Cognitive Dissonance
Cognitive Dissonance's picture

Imagine that. Real things are being recognized as having "real" value.

Who could have seen that coming?

Thu, 08/09/2012 - 10:40 | 2691020 DaveyJones
DaveyJones's picture

it's unreal

I guess it will get more real when the price of real edible things get unreal

Thu, 08/09/2012 - 10:57 | 2691101 midtowng
midtowng's picture

What about a 10-year chart for those who bought precious metals much earlier?

Thu, 08/09/2012 - 13:30 | 2691607 smiler03
smiler03's picture

I agree. How about January 1980, a nice 32 years which is my age. Cough cough.

Thu, 08/09/2012 - 10:40 | 2691025 Dr. Engali
Dr. Engali's picture

Where is ammo and gun performance in that chart?

Thu, 08/09/2012 - 10:49 | 2691066 SheepDog-One
SheepDog-One's picture

Yep, the REAL 'booming' sector.

Thu, 08/09/2012 - 10:40 | 2691029 Benjamin Glutton
Benjamin Glutton's picture
S. Arabia: We'll intercept any IAF aircraft en route to Iran

US officials transmit message from Riyadh saying any Israeli aircraft crossing its airspace en route to Iran will be shot down. Israeli officials claim Saudi threat is yet another American attempt to foil strike.

 

http://www.ynetnews.com/articles/0,7340,L-4266427,00.html

Thu, 08/09/2012 - 13:43 | 2691637 pd45
pd45's picture

Nice try, but gold is fixed at ~1600, 'til they say so.

Thu, 08/09/2012 - 10:41 | 2691031 doc_in_the_house
doc_in_the_house's picture

yes "thanks" to

odummernics RAPE-O-nomics to "save" the fat cat's casino = aka political donors, due the uuuh, uuuh, uuuh, printing the price of oil was more than tripled, actually was nearly QUADRUPLED to $110+ from $33....and casino spx doubled from 666...

the price = DEBT and MO DEBT....bc odummer says that DEBT is good...and INFLATION and MO INFLATION...the stupid underwater basketweaving c student = stupidnomics

i'm sure that was the same "thinking" of the greeks before their "treasury" market imploded !! LOL !!!!! --> --> change u can believe in AFTER odummer files chapter 11 and 13 for the US

...from kenya with love...ROFLMAO !!!

Thu, 08/09/2012 - 10:41 | 2691032 Raymond Reason
Raymond Reason's picture

go figure

Thu, 08/09/2012 - 10:41 | 2691033 TrillionDollarBoner
TrillionDollarBoner's picture

Corn, Bitchez!

Thu, 08/09/2012 - 12:20 | 2691428 silverserfer
silverserfer's picture

the best commodity ever. We wouldnt have nachos without it. But unfortunatly I lost all mine in a horrible conbine accident.

Thu, 08/09/2012 - 10:43 | 2691042 govttrader
govttrader's picture

Why bother playing with derivatievs of the Fed and Treasury policies..just trade the policy itself...Sell the month-end rally in Treasuries..buy the auction concession dip...rinse and repeat.

http://govttrader.blogspot.com/

Thu, 08/09/2012 - 10:44 | 2691047 Cult_of_Reason
Cult_of_Reason's picture

Have you guys noticed how the media everywhere (CNBC, Bloomberg, Fox, Etc.) suddenly started calling QE money printing a "stimulus" -- looks like they all got a memo from the White House about brainwashing public opinion about money printing?

Thu, 08/09/2012 - 10:46 | 2691057 SheepDog-One
SheepDog-One's picture

Well they can try 'brainwashing' all they want I guess but when people have no money and no job its pretty tough to spin their outlook positive.

Thu, 08/09/2012 - 10:52 | 2691069 Cult_of_Reason
Cult_of_Reason's picture

It is no longer “money printing”, it is a “stimulus to help the economy”; even though, there is absolutely no scientific evidence (well designed scientific studies vs. hypothesis and Keynesian opinions) to show that QE money printing actually "stimulates" the economy.

Thu, 08/09/2012 - 10:50 | 2691076 DaveyJones
DaveyJones's picture

more flouride

Thu, 08/09/2012 - 10:56 | 2691097 Cult_of_Reason
Cult_of_Reason's picture

"If you tell a lie big enough and keep repeating it, people will eventually come to believe it."

--Joseph Goebbels

Thu, 08/09/2012 - 13:31 | 2691610 Citxmech
Citxmech's picture

"And then we told them the wealth would trickle down. . . ":  http://thefundamentalview.blogspot.com/2012/01/and-then-we-told-them-wea...

Love that one.

Thu, 08/09/2012 - 10:56 | 2691098 Dr. Engali
Dr. Engali's picture

No I haven't noticed. I gave up TV long ago. One of my better choices for clearing out the propoganda.

Thu, 08/09/2012 - 14:52 | 2691189 Cult_of_Reason
Cult_of_Reason's picture

There is absolutely nothing wrong with watching TV, as long as you can see through their lies and intentions (for example, when CNBC and Bloomberg TV both desperately tried to hype up FB IPO by running 3 hours of commercials free pure FB hype lies [MS paid them a lot of money to run that 3-hour commercials free theater], or when CNBC is trying to hype up the Olympics, or when CNBC anchors all insert a word "stimulus" two-three times in each sentence when they are talking about QE money printing, etc...)

Thu, 08/09/2012 - 10:44 | 2691050 SheepDog-One
SheepDog-One's picture

'The NEXT 5 years' lol yea sure.

Thu, 08/09/2012 - 10:50 | 2691071 _ConanTheLibert...
_ConanTheLibertarian_'s picture

The authorities have played a big part in ensuring the period wasn't a disaster

I wish it were a disaster. Things would be much better by now.

Thu, 08/09/2012 - 10:51 | 2691078 TrumpXVI
TrumpXVI's picture

Duh.

Over that time frame I have been long in all those areas (except corn; mmmmmmm).

One doesn't need to be a genius to have seen any of it.  Trust me, I know.

Thu, 08/09/2012 - 10:54 | 2691091 yogibear
yogibear's picture

Benny Bernanke and the Fed are on a constant QE binge. This will keep oil, food and the metal prices going skyward. They want stagflation, their going to get it.

Either print to infinity or take deflation.

Benny Bernanke told his son to leverage up on school debt to 1/2 milliondollars and Benny will trash the dollar. 

 

 

 

Thu, 08/09/2012 - 11:07 | 2691138 taniquetil
taniquetil's picture

But AAAAAPPPPLLLL right guys????

Thu, 08/09/2012 - 11:09 | 2691147 scatterbrains
scatterbrains's picture

Can someone explain why in a completely corrupted central banker system, why gold is pressing the lows rather than pressing the highs? I'm thinking every bankster, his family and friends as well as sovereigns and their friends and family and lets not forget our enemies via their secret agents should be front running ecb/fed/china printing by chasing gold up to within break out of the highs and yet gold/copper/silver is pretty much flat lined.  I'm betting no printing anywhere anytime soon. Good luck bitchezz!

 

Thu, 08/09/2012 - 11:47 | 2691308 ParkAveFlasher
ParkAveFlasher's picture

I imagine that traders are wary of an extremely liquid & manipulated market that can do, potentially, huge turns in short time frames.  I'm not a trader, so the bold traders on this thread can shoot that down.  Stackers, however, and I am a stacker, continue to stack, and each liquidation event and back-end-of-the shovel-to-the-price is simply an opportunity to stack more.  Also, I have to constantly replenish my horde because I keep losing it while "boating with Chilton".

Thu, 08/09/2012 - 13:34 | 2691618 viahj
viahj's picture

ask yourself this:  in a time of increasing inflation, global recession, fiat printing in US and Euro and central banks all currently buying gold and increasing their reserves why is the gold (and especially silver) price not skyrocketing?

answer:  because those (big players) who want to buy the gold, want it as cheap as possible and have the means of suppressing the price. 

Thu, 08/09/2012 - 11:11 | 2691156 FieldingMellish
FieldingMellish's picture

Following the do-what-Goldman-actually-does-and-not-what-it-says-it-does trade, here is a tidbit from the Squid

 

http://www.bloomberg.com/news/2012-08-09/goldman-sachs-cut-italy-debt-ho...

 

Long Euro?

Thu, 08/09/2012 - 11:44 | 2691289 DavosSherman
DavosSherman's picture

hoocoodanode

Thu, 08/09/2012 - 11:57 | 2691341 XtraBullish
XtraBullish's picture

Wait until the big artillery guns begin to slowly turn and take aim at the USD - and believe me - it is coming. Those 100-lb. shells will blast the shit out of it and all purchasing power as we have known it since 1917. The world's larget debtor nation is in deep doo-doo but desparate to keep the myth alive. The global community will seek out and establish sound money as the underpins of all consumer transactions and that means that the banks will be forced to have collateral of merit - gold - before they ask us to accept their paper promises. It will allow for the return of contract law which will be a startling reboot from the slime we are forced to put up with since 2008.

Thu, 08/09/2012 - 12:17 | 2691417 quasimodo
quasimodo's picture

Maybe, but will it happen in our lifetime? Methinks NOT

I don't say this to troll, simply venting a bit. Some day I wonder why the hell I take the preventive steps I do

Thu, 08/09/2012 - 13:32 | 2691614 Citxmech
Citxmech's picture

I'm pretty sure it'll happen in my lifetime - not sure about yours . . . are you over 85?

Thu, 08/09/2012 - 12:30 | 2691461 Bay of Pigs
Bay of Pigs's picture

Still waiting for your reply to this. You can't have it both ways pal.

http://www.zerohedge.com/news/libor-may-be-manipulated-silver-not-cftc-conclude#comment-2680694

Thu, 08/09/2012 - 12:33 | 2691468 Shizzmoney
Shizzmoney's picture

God, I wish I had capital. 

3 things I'd buy the shit out of (and have been on my DJIA emulator):

A) Gun stocks.  Not only will gun sales increase with the fear that the UN/US Govt is going to confiscate them, but also fear from the populace that in the back of their mind, know a stock crash is coming, which will bring about civil unrest. The MAIN reason I love gun stocks like SWHC (Smith and Wesson) however, is because GOVERNMENTS are printing like MAD to buy guns, ammo, and armor to prepare the masses to go after the criminal bankers who caused this mess.  And government contrcts are the best and more reliable business corporations can buy.  As of now, SWHC is up 119% since June 2010.

B) Find and research what companies are in negotiations with governments to expand their police state.  Microsoft, after a tough quarter, was down to 28.99 at July end.  Then came news that it was in the works with the NYPD to develop CCTV cameras in the city, a la London, on a $30 million dollar contract.  The stock jumped to 31, only to now settle at 30.62 (and going down) because it was revealed that 30% of the profts MSFT is going to make off these new CCTV programs will be going to NYC.

C) The commodities above.  As the ponzi economy goes down, things that people need with actual value go up.

 

Thu, 08/09/2012 - 12:43 | 2691498 CheapBastard
CheapBastard's picture

House prices down 30% (and sinking) and GLD and SLV up over 200% (and rising)....how Barbaric!

Thu, 08/09/2012 - 13:49 | 2691650 DavosSherman
DavosSherman's picture

What can we expect from a professor who sticks sculputres of womens vagina's to his wall?  His vocabulary is limited to all things barbarous and he can't comprehend history or that 3,800 currencies have gone to the value of $0.000000000000000000

Thu, 08/09/2012 - 19:29 | 2692527 steelrules
steelrules's picture

Soon to see the far left of that chart lift off like a rocket and everything else in the red.

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