Rumors of Gold’s imminent death in a liquidation-driven collapse continue to be greatly exaggerated, and in fact the shiny metal continues to perform inversely to stocks, which take on ever more water, and is a confirmation that the market expects continued dollar destruction courtesy of the Marriner Eccles residents....
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In its September Monetary Trends letter titled “The Monetary Base and Bank Lending: You Can Lead a Horse to Water…” the St Louis Fed analyzes the phenomenon that has all monetarists up in arms, namely the surge in the monetary base and the very muted increase (and outright alleged drop...
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Source: http://www.zerohedge.com/article/david-rosenberg-what-happens-when-glorious-30-year-great-bull-market-bonds-comes-end
Let me start out by saying that I do not believe that bonds are any “better” an investment than stocks, at least in principle. They both have their advantages.
For bonds, the advantages are that they provide an income stream – the principal and the interest payments are guaranteed ...
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With total cumulative purchases at just over €60 billion since the beginning of its sovereign debt monetization program in May, the ECB purchased just €302 million in (Greek 6 Month) debt last week. As always, tomorrow will see the pyramid scheme of taking the purchases and reliquifying the market ...
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Zero Hedge recently posted several insightful pieces from Hinde Capital, among which the fund’s presentation on the ECB’s role as the European Commission’s whore, and more recently, its presentation on Gold as the “currency of first resort” (recreated below). Last week, fund manager Ben Davies, who previously ran...
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It’s true that GLD’s (NYSE: GLD) assets just passed the $50 billion mark, and that it’s the second largest U.S. ETF. Yes, mints had difficulty filling orders when the Greek crisis broke. And yes, the gold price is up nine years in a row.....
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Another day, another $15 gold takedown in a manner of seconds. Liquidations or LBMA intervention, nobody cares anymore. Presumably the agenda of the day is to make investors believe that all is well in Europe, and that among all the upcoming stress test results announcements, the “fact” that a ...
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This week’s CFTC report indicates that commercial shorts on the CFTC, both gross and net (excluding commercial longs) have hit another fresh all time record, at -482k and -290k. Should the ongoing asset liquidation squeeze forcing gold prices to decline, fizzle out, and should gold prices resume their trajectory...
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A week after the EUR posted the biggest short covering rally in history, expunging every single weak hand after a move wiped out 44% of all net shorts, the bearish speculative bets on the EUR are once again rising, according to just released CFTC Commitment of Traders data. After dropping...
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Gold On Its Way To Validate Goldman's $1,400/Oz Prediction....
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