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by GoldCore
Today’s AM fix was USD 1,472.75, EUR 1,126.13 and GBP 950.04 per ounce. Gold climbed $13.10 or 0.9% yesterday to $1,470.40/oz and silver reached $24.47 and finished +1.8%. Cross Currency Table – (Bloomberg) Gold is slightly lower today after yesterday’s consolidation on last week’s gains. Premiums continue to rise on physical product across the world to reflect a significant increase in [...] Zero Hedge With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation “news” was the most unsurprising outcome for the nation’s financial system and was known by virtually everyone on the ground days and weeks in advance: first it was disclosed that Russians had been pulling their money, then it was suggested the president himself had made sure some €21 million of his family’s money was parked safely in London, then [...] KWN Today Michael Pento warned King World News readers to prepare for war in the Middle-East and a massive surge in the price of crude oil. Pento also warned that the staggering surge in crude would usher in a global depression. Today Michael Pento writes exclusively for King World News to put readers ahead of the curve regarding these important geopolitical events and central bank actions.
Here is Pento’s piece: “Global central banks [...] Infowars.com Mike Adams welcomes guest John B. Wells. Mr. Wells is a frequent guest on the Alex Jones Show and a longtime professional announcer who has hosted Saturday evenings on Coast-to-Coast AM.
Russia Prepared for Possible Economic Meltdown: The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, President Vladimir Putin said on Thursday. At a meeting [...] Whether or not the European deterioration is real or not, one thing is certain: FX traders aren’t sticking around to bet on a rebound. As of Friday, the net non-commercial position in the EUR currency was at -173,869 contracts or the biggest net short in history, surging by 30k contract over the prior week, and by a record 70k contracts in the past two weeks as things in Europe unwound [...] Whether or not the European deterioration is real or not, one thing is certain: FX traders aren’t sticking around to bet on a rebound. As of Friday, the net non-commercial position in the EUR currency was at -173,869 contracts or the biggest net short in history, surging by 30k contract over the prior week, and by a record 70k contracts in the past two weeks as things in Europe unwound [...] NEW YORK (Commodity Online): In one of the highest predictions yet made by an investment bank analyst, Bank of America’s MacNeil Curry sees gold prices hitting $7000/oz before ending the uptrend. According to MacNeil, commodity bull markets end with a massive speculative blow off and they don’t end quietly. If gold was topping out, the daily ranges would have span around $200/oz and we have not seen anything like it.
“Until we see [...] From Zero Hedge: The headlines are blaring of a massive surge in January employment that blew away analysts’ expectations. Frankly, I find it hard to believe that any analysts would not have expected this “news.” The real time Federal Withholding Tax daily data for January, which I dutifully cover each week in the Treasury updates, showed a massive surge beginning in late December. Since everybody didn’t get a 10% raise, the [...] by ZH When we First Reported on Bill Gross’ massive surge in duration and accelerated purchase of Mortgage Backed Securities a week ago, we said, “That’s either what is called betting one’s farm on Operation Twist, or, betting one’s farm that the next thing to be purchased by the Fed in QE3 or QE4 depending on how one keeps count, will be Mortgage Backed Securities.” It was the letter. Confirmation that Bill once [...] by Nanex The Latest In The Broken Market Chronicles: Explaining Last Friday’s Ridiculous Market Action Reg NMS Has Been Rescinded! On October 7, 2011 beginning at 12:03:39.950, a massive surge of quotes in SPY, IWM, DIA and other market index ETFs, along with many symbols in the Dow Jones Industrial Average, caused an overload in CQS that lasted several seconds. This, [...] by ZH Remember the massive surge to world GDP courtesy of the Japanese disaster spouted by every idiot on CNBC? Well, here we go: TOYOTA SAYS WILL HAVE TO SHUT DOWN N. AMERICAN FACTORIES This is massively bullish for horse buggies and Flintstonemobiles. by Zh So much for the Fed’s two mythical mandates of promoting “maximum employment” and maintaining “price stability.” First, we had Bernanke’s predecessor Greenspan confirming in late July on Meet the Press what everyone knows: namely that the primary goal of the Fed is merely to encourage higher stock prices: “if the stock market continues higher it will do more to stimulate the economy than any other measure we [...] |
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Too Bullish? Forget Money On The Sidelines, Institutional Investors Are All-In
by ZH
We have discussed the money-on-the-sidelines fallacy a few times recently in the context of the circular money-flows (clear misunderstanding of the idea of a buyer and a seller) as well as mutual fund cash levels, retail sentiment, demographic shifts, and insider transactions. There is mounting evidence, as Morgan Stanley’s Michael Wilson notes, that ‘make no mistake…institutional investors are all-in‘ as the rolling beta of mutual funds relative to the [...]