UK Election Chaos Sparks Selling Spree In Bonds & Bullion

Because nothing says sell safe-havens like a shocking election result in the nation at the center of European Union chaos...

Exit Polls signal May failure... sell Gold

 

At least bonds initial reaction made some sense... but since then it's been Sell the dip in yields and buy stocks... because more QE will paper over any political cracks, we're sure...

Some have suggested that this is due to the May colatilion implying a 'softer' Brexit, implying less global turmoil, implying less need for safety? We remind those 'thinkers', like pregnancy, there's no half-Brexit.

Comments

NAV MFL5591 Fri, 06/09/2017 - 11:21 Permalink

Amen. Everything’s been Fed-lies. "There may be a silver lining for small-c conservative voters following the shock results of the UK General Election. The Democrat Unionist Party (DUP) — who the Conservatives will seek a coalition government with — is far closer to conservative philosophy than Britain’s Tories have been for decades." – Breitbarthttp://www.breitbart.com/london/2017/06/09/secret-blessing-tory-dup-alliance-will-remind-tories-conservatism-supposed-look-like/

In reply to by MFL5591

Endgame Napoleon Fri, 06/09/2017 - 09:28 Permalink

I bet they will find that turnout was low among those who want an actual change in mass immigration policy. The recent mass murders by terrorists reminded them of how elected leaders have not put the British first for decades, with elites cashing in on pro-globalism policies. They did not see a real choice for change, so they stayed home.

If not -- if the Brits are just choosing more of the same in terms of mass immigration, globalism and multiculturalism -- wow.....Just wow. But the beautiful France just did that very thing, choosing more of the same after a series of even more deadly terrorist mass murders and economic issues that echo the conditions of the beaten-down middle class in the USA. I do not think Deplorables are going to let them get away with that here, but who knows?

Endgame Napoleon nmewn Fri, 06/09/2017 - 09:36 Permalink

Hardcore economics people see everything as a chess move. Even from that standpoint, it seems like an effort to understand the underlying emotional reasons for voter behavior and the rationale for it is important. Because, when voters really get ready for a change, it will change the whole economic infrastructure, too. You likely cannot have an economy that functions well at all with just the top 20% of two high-earner couples, their children, their friends and the children of their friends, adding assorted other cronies and family dynasties. There won't be enough customers to keep the $$$$$ flowing. The 80% of peasants do count, not just rhetorically, either.

In reply to by nmewn

GodHelpAmerica Fri, 06/09/2017 - 09:34 Permalink

And the central banks said: "you must have confidence in this faltering system --and we will move markets accordingly--despite widespread political turmoil that proves it thusly..."

Mungo9000 Fri, 06/09/2017 - 09:52 Permalink

Meanwhile... another Spanish lender has crashed 30%, hot on the heels of Banco Populare
Liberbank SA BME:LBK was down -36% at one point. Sell all the gold.

Bopper09 Fri, 06/09/2017 - 10:50 Permalink

If I have more gold this year than last year, I'm more wealthy.  Comparing metal weight to digits on a computer is moronic.  ALL fake fiat currency fails.  ALL.

Davidduke2000 Fri, 06/09/2017 - 11:20 Permalink

Tyler,I hope it's not you who wrote this shit? nobody in his right mind would believe in a time of crisis real invotors would sell bullion, however paper speculators have no crisis, they follow momentums, if one guy look at to the sky everybody does the same. the people who got burned on the paper gold rise, just shorted the high and expecting to drop it to recover the losses, but any day could be a start to ww3 then all the papers in the world would not matter and all the fiat money in the world would not matter.

NAV Davidduke2000 Fri, 06/09/2017 - 11:49 Permalink

The Fed controls statistics. The Fed's owners are Jewish international bankers. The Fed's objective is Globalism, i.e., universal communism. The motto of Israel’s foreign intelligence service the Fed, er, Mossad, translates as "By way of deception you shall make war," The Fed is rigging statistics, by lying, by deception, to make financial war upon retail investors and the wealth of American households. White civilization is the Fed's hard target.No longer is the KGB Americans' opponent; Americans' opponent is the Fed.

In reply to by Davidduke2000

cluelessminion Fri, 06/09/2017 - 14:44 Permalink

I get that precious metals are volatile in terms of price and you have to think long term when investing in them.  But they'll always have *some* value.  You simply can't say that for stocks, bonds, cash, bitcoin, etc.  Right now baby boomers are retiring in massive numbers so there is a lot of money running around looking for a safe place.  There is none right now; by design of course.  I think having some kind of exposure to pm's is prudent.  No matter what happens, war, complete financial collapse it will be worth *something*, while all of the above could lose its value in seconds (aside from cash in the mattress and even then ...).  I'm currently hoping to buy some silver eagles soon.  I don't have a lot of money for investment but I do plan to buy pm's as a bit of a safety net.  Right now it's very affordable and at historically low valuations.