• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

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Tyler Durden's picture

Brazil Faces Unemployment "Crisis", As Retail Sales Plunge, Rousseff Blasts "Coup-Mongers"





As Rousseff fights to keep the Presidency, and has the speaker of the House battles to have her impeached, the country's economy continues to crumble. Retail sales came in below expectations for August and as Bloomberg reports, Brazil's top bankers now fear the combination of overindebted households and soaring unemployment could spell doom.

 
Tyler Durden's picture

Furious Auto Workers Demand More Than "Hot Dogs And Hamburgers" As US Car Sales Soar





“We got a catered meal of hot dogs and hamburgers as our thanks while others, I’m sure, got big bonuses."

 
GoldCore's picture

Silver coin demand is absolutely through the roof” – Perth Mint





The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime, sending U.S. buyers abroad to fulfill a sudden surge in demand.

 
Tyler Durden's picture

Frontrunning: October 2





  • U.S., Allies Demand Russia Stop Attacks on Syria Opposition (BBG)
  • Russian Airstrikes Defend Strategic Assad Regime Stronghold on Syria’s Coast (WSJ)
  • Emerging Stocks Head for Weekly Advance Before U.S. Jobs Data (BBG)
  • Wage Strife Clouds Car-Sales Boom (WSJ)
  • Oregon town reels from classroom carnage (Reuters)
  • Oregon shooter came from California, described as shy and skittish (Reuters)
 
Tyler Durden's picture

The Table Is Set For The Next Financial Crisis





Some people will never learn... ever. What is happening today is nothing more than rearranging the deck chairs on the Titanic. The iceberg has been struck, we’re taking on water, and this sucker is going to sink. Game Over.

 
Tyler Durden's picture

The VW Scandal Is Bad News For Diesel





The outlook for diesel looks grim after U.S. regulators found that the world’s second biggest car manufacturer cheated on its emission tests. Now that diesel is not as clean as it appeared (with stricter emissions tests and perhaps even stricter regulation to be expected), one has to ask; does this mean the end of diesel for light vehicles? This is not just alarming for the automotive industry, but could also lead to a structural demand shift in fuel products. That shift could not have come at a worse time for diesel.

 
Tyler Durden's picture

VW CEO Winterkorn Steps Down Despite Being "Unaware Of Any Wrongdoing"





Despite saying that press reports of the CEO leaving were "utterly ridiculous", he just did:

*VW CEO WINTERKORN STEPPING DOWN OVER WIDENING DIESEL SCANDAL
*VW'S WINTERKORN SAYS UNAWARE OF ANY WRONGDOING ON MY PART

One can only wonder what his "retirement" package will be.

 
Tyler Durden's picture

Enough Already! Raise The Rate To 3 Percent





Everything is so wonderful that a rate hike would equate to saying the Fed has won. Seven years of ZIRP and a few selling periods when the Fed stopped POMO’s and QE injections, we can easily say with extreme confidence that the Fed won. And by won we mean didn’t ruin the system entirely. Except they did.

 
Tyler Durden's picture

"Liar Loans" Are Back! 2008 Here We Come





Liar loans are back from the dead which means that if you look under the hood, you might just have a shoddy credit or two hiding in the collateral pool of your triple-A mortgage-backed paper. Meanwhile, in a further sign that we've learned nothing since the crisis, non-Agency RMBS is set to stage a comeback.

 
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