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Gold to central bankers is like the sun to vampires. Where better to control their greatest fear than on the board of the London bullion market?

This means war...

Senior editor Ash Bennington hosts managing editor Ed Harrison to discuss a day of pain on Wall Street as the coronavirus shows no signs of relenting and the…

If every single ounce of above ground gold were placed next to each other, the resulting cube of pure gold would only measure around 21 meters on each side.

...all players are assuming that all other players will act rationally, and no one will push 'the big red button'...

"DC should be a state. Pass it on."

This is what creeping banana-republic socialism looks like.

The Fed is the danger. None of what we are seeing here is normal nor healthy...

What goes up must come down: Robinhood daytraders will soon learn a painful lesson on gravity. 

"You can’t keep asking us to buy your stuff and at the same time keep beating up on us."

Here are some ideas.

Mnuchin, get someone on the phone!

"We are continuing to adjust costs to mitigate the negative impact of the Covid-19 situation." 

"Sources confirm a coming announcement from @GregAbbott_TX shortly, regarding a roll back on certain reopening phase items. I’m told bars and restaurants will be the subject."

This doesn't look good...

No! Because money is cascading out of our institutional structure, some are at the front of the queue, others at the back. (And some are outside in the rain.) Our present "solutions" are our problems.

The last time we saw prices and earnings disconnect in such an extreme way famously led to a “lost decade” for the stock market from 2000 to 2010...

When are Robinhood daytraders going to learn? 

 

 

You know it’s going to be a tough day when the answer to the question of "why thus-and-so has done what it has, such as it has," is simply, "because."