• Monetary Metals
    02/09/2016 - 02:05
    On Jan 28, the price of silver flash crashed. This irregularity occurred around the silver fix. The spot price was $14.40 but the fix was $13.58.

goldman sachs

goldman sachs
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WTI Plunges Back Below $30 After Goldman "Teens" & IEA Excess-Supply Warning





WTI keeps dead-cat-bouncing thanks to the algos and crashing thanks to reality. This morning's reality check on the overnight ramp comes courtesy of a double-whammy from Goldman ("wouldn't be surprised to see WTI in the teens") and The IEA which increased its estimate of excess-supply drastically. This has dragged WTI back below $30 once again and where oil goes, stocks go...

 
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Fed Lacks The Physical Cash, Legal Authority And Computer Systems To Implement NIRP, According To The Fed





"... at sufficiently negative IOER rates, DIs might opt to shift a significant quantity of their reserve balances into currency. Present Federal Reserve inventories of currency, at about $200 billion, would not be adequate to cover large-scale conversion of the nearly $1 trillion in reserve balances to banknotes."

 
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The Number Everyone's Been Waiting For: Chinese Reserves Plunge By $100BN - What Does It Mean For Markets?





As it stands now what is really happening with the biggest risk factor to commodity, credit and capital markets, remains a mystery, and instead of getting some much needed clarity from China's January reserve number, the world's traders and investors will now have to wait for the February reserve update one month from now to learn if China has managed to slay its capital outflow demons, or if these were just getting started.

 
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Ron Paul Slams Cruz And Hillary: They Are Both "Owned By Goldman"





Ted Cruz is no libertarian, Ron Paul rages, adding that "You take a guy like Cruz, people are liking the Cruz - they think he’s for the free market, and [in reality] he’s owned by Goldman Sachs. I mean, he and Hillary have more in common than we would have..."

 
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This Is What Hillary Told Wall Street Behind Closed Doors





“It was like, ‘Here’s someone who doesn’t want to vilify us but wants to get business back in the game’”...

 
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A Wounded Deutsche Bank Lashes Out At Central Bankers: Stop Easing, You Are Crushing Us





"We have reached that fork in the road within the monetary twilight zone, where Europe's largest bank is openly defying central bank policy and demanding an end to easy money. Alas, since tighter monetary policy assures just as much if not more pain, one can't help but wonder just how the central banks get themselves out of this particular trap they set up for themselves."

 
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Hilsenrath's Take: March Rate Hike In Limbo, But "Fed Was Expecting A Slowdown"





Just days after Fed whisperer Goldman Sachs made its first (of many) revisions to its Fed rate hike schedule, and no longer expects a March rate hike (if still somehow seeing 3 rate hikes in 2016), moments ago Fed mouthpiece Jon Hilsenrath reiterated the Fed's latest favorite catchphrase - that would be "watchfully waiting" for those who haven't paid attention - , and said that today's jobs report leave the Fed in limbo when it comes to the March rate hike decision. More importantly perhaps he adds that "Fed officials were expecting a slowdown." However, when one adds the 105,000 in prior month revisions, was is this big?

 
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The War On Savers And The 200 Rulers Of World Finance





There has been an economic coup d’état in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and their minions and megaphones on Wall Street and other financial centers. Unlike Senator Joseph McCarthy, we actually do have a list of their names. They need to be exposed, denounced, ridiculed, rebuked and removed.

 
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Sanders Slams Hillary As Wall Street Puppet Ahead Of Critical New Hampshire Primary





“I do not know any progressive who has a super PAC and takes $15 million from Wall Street."

“Enough is enough. If you’ve got something to say, say it."

 
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Frontrunning: February 5





  • January Jobs Report Closely Watched for Momentum, Wages (WSJ)
  • Oil prices steady, weak fundamentals weigh after volatile week (Reuters)
  • How Much Global Oil Output Halted Due to Low Prices? Just 0.1% (BBG)
  • Congress Tweet 'Unfortunate,' Lawyer Says as Shkreli Goes Online (BBG)
  • Syrians Flee Aleppo to Escape Damascus Offensive Against Rebels (WSJ)
  • Dollar Set for Biggest Weekly Loss Since 2009 Before Jobs Data (BBG)
 
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A Preview Of This Weekend's Event That Could Unleash A "Vicious Bear Market Rally"





"... if China FX reserves data is better than expected, we think a bear market rally is likely to be vicious."

 
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Futures Flat As Dollar Weakness Persists, Crude Rally Fizzles





After yesterday's torrid, chaotic moves in the market, where an initial drop in stocks was quickly pared and led to a surge into the close after a weaker dollar on the heels of even more disappointing US data and Bill Dudley's "serious consequences" speech sent oil soaring and put the "Fed Relent" scenario squarely back on the table, overnight we have seen more global equity strength on the back of a weaker dollar, even if said weakness hurt Kuroda's post-NIRP world and the Nikkei erased virtually all losses since last Friday's surprising negative rate announcement. Oil and metals also rose piggybacking on the continued dollar weakness as the word's most crowded trade was suddenly shaken out.

 
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