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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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..

camaro68ss's picture

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

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!

Richard Head's picture

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

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

smiler03's picture

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

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.

Long-John-Silver's picture

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

d_taco's picture

Mad money: Netflix. Buy buy buy!

Squid Vicious's picture

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

CrazyCooter's picture

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

Regards,

Cooter

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.

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...

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?  

fonestar's picture

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

Cognitive Dissonance's picture

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

Who could have seen that coming?

DaveyJones's picture

it's unreal

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

midtowng's picture

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

smiler03's picture

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

Dr. Engali's picture

Where is ammo and gun performance in that chart?

SheepDog-One's picture

Yep, the REAL 'booming' sector.

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

pd45's picture

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

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 !!!

silverserfer's picture

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

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/

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?

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.

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.

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

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.

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.

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...)

SheepDog-One's picture

'The NEXT 5 years' lol yea sure.

_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.

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.

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. 

 

 

 

taniquetil's picture

But AAAAAPPPPLLLL right guys????

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!

 

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".

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. 

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?

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.

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

Citxmech's picture

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