• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

OTC

globalintelhub's picture

Bloomberg UNMASKED - The Truth about ZH from Forex perspective





Forex is a complicated topic, not covered objectively by the main stream media.  Zero Hedge has been the best online outlet to provide coverage of Forex.  

 
Tyler Durden's picture

The Michael Pearson Era Is Officially Over: Valeant Appoints Joseph Papa As Chairman And CEO





The Michael Pearson era at Valeant is officially over. Following a week of leaks that the troubled Canadian ex-rollup will hire Perrigo's CEO, Joseph C. Papa, moments ago the company confirmed this when the VRX board said that it has named Joseph C. Papa to become Valeant's Chairman and Chief Executive Officer (incidentally this comes on the day in which Periggo stock tumbled after the company slashed its 2016 EPS forecast from $9.50-$9.80 to $8.20-$8.50).

 
Tyler Durden's picture

China Embraces Gold In Advance Of Post-Dollar Era





To challenge the US dollar hegemony and increase its power in the global realm of finance, China has a potent gold strategy. Whilst the State Council is preparing itself for the inevitable decay of the current international monetary system, it has firmly embraced gold in its economy. With a staggering pace the government has developed the Chinese domestic gold market, stimulated private gold accumulation and increased its official gold reserves in order to ensure financial stability and support the internationalisation of the renminbi.

 
Tyler Durden's picture

Investigating Deutsche Bank’s €21 Trillion Derivative Casino In Wake Of Admission It Rigged Gold And Silver





The total size of Deutsche Bank’s derivatives casino is €21.39 trillion, notional.  Inquiring minds may be asking: How much risk is there on €21.39 trillion?

 
Reggie Middleton's picture

So Called "Trusted Parties", Bank Collapse, the ECB and Blockchains: Watch as I Call the Next Bear Stearns, Again!





I called it once in January 2008 (Bear). I called it 2x in March 2008 (Lehman), and I'm calling it again in 2016. Don't say you didn't know. These proclamations of trust will truly put my analysis - and your capital - to the test.

 
Reggie Middleton's picture

With Wall Street Bitten by the Blockchain Bug, How Do We Admit the Truth About the Technology's Disruptive Potential?





Bankers and their technology partners say blockchain tech is not disruptive. Lawyers and others say it drops intermediation costs (but aren't bankers intermediaries?). The truth is disruption is unavoidable, and the sooner market participants realize this, the better.

 
Tyler Durden's picture

How The Clintons Enabled The 2008 Economic Crisis And Financial Coup d'Etat





"The crash has laid bare many unpleasant truths about the United States. One of the most alarming... is that the finance industry has effectively captured our government - a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises..."

 
Tyler Durden's picture

Something Unexpected Happened When A Distressed Credit Fund Tried To Liquidate





In May 2015, Warwick's European Distressed & Special Situations Credit Fund liquidated after investors submitted redemption requests amounting to 90% of the fund’s assets. But something unexpected happened" "the problem" as HFA writes, is that "the fund’s remaining assets — encompassing debt and equity positions in Fitness First, New Gulf Resources, Oasis Holdings and Punch Taverns — are too illiquid to be sold."

 
Tyler Durden's picture

Is Shorting The Yuan Dangeorus?





The announcement that China will start targeting the yuan against a basket of currencies and not the dollar is consistent with the strategy of undermining the dollar's value. While the view of a looming Yuan devaluation seems almost universal, GoldMoney's Alasdair Macleod warns instead that something else may be a foot - China will sell her dollars not to protect the yuan, but to dispose of an overvalued currency.

 
Tyler Durden's picture

World's Largest Silver Producer Slams LBMA's "Manipulated" Fix





“The large discrepancy between the spot price and the fix is very alarming to us especially that it happened twice in a row,” KGHM head of market risk Grzegorz Laskowski exclaimed.

 
Tyler Durden's picture

Silver Market In Disarray After Benchmark Price Fix Manipulation





"Unfortunately, it is not [a mistake]... This could be the end of the fix. It took 14 minutes to find a fix – they obviously found a fix way off of the market."

 
Tyler Durden's picture

SandRidge On The Verge Bankruptcy: Would Be 2nd Largest Shale Chapter 11 In Past Year





As we said two days ago when looking at the paltry recoveries on their total debt that bankrupt energy debtors are generating in liquidation and bankruptcy asset sales, "the energy bankruptcy party is only just starting." And sure enough, overnight we learned that another company is preparing to throw in the towel following a Reuters report that SandRidge Energy - a shale oil and gas producer in the Mid-Continent region of the U.S. - is exploring debt restructuring options, "as the heavily indebted U.S. oil and gas exploration and production company struggles with the fallout from plunging energy prices."

 
EconMatters's picture

Oil Markets Futures Curve Have Little Predictive Value of Future Price





Sort of like all those do it yourself Gold Mining shows hitting the reality television scene pretty much nailing the near term top in the gold market.

 
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