Tuesday, March 8, 2016

The Strange Story Of The Goldman Banker Subpoenaed In Malaysian Slush Fund Probe

By late January, Tim Leissner was irritated. So was Goldman. And so was the FBI.

Oil Fundamentals Could Cause Oil Prices To Fall, Fast!

Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price.

An Anti-HFT Success Story: European Exchange Bans Frontrunning Algos, Grows Dramatically

If anyone is still confused why the most predatory, parasitic, and in many case criminal, of HFT actors are so vehemently opposed to IEX's HFT-limiting exchange application, here is the reason.

"Wrong Way Gartman" Strikes again...

A Warning For The Bulls: Gartman Flops To "Net Bullish" 24 Hours Day After "Reducing Longs"

"We are ambivalent as to the direction of stock prices at this point, and our ambivalence is reflected in the fact that we are very, very marginally net long of equities in our retirement fund here at TGL, having made only the smallest of changes to our position."

Obama Blames Obamacare Purchasers for Rising Costs

‘You’re not shopping correctly’
by J. D. Heyes, Natural News:
When Democrats and President Obama were “selling” the Affordable Care Act to the American people in 2009, they made lots of promises that have never come true and will never come true.
“If you like your doctor, you can keep your doctor.” Except when your doctor opts out of Obamacare exchanges, as hundreds of thousands have done.
“If you like your healthcare plan, you’ll be able to keep your plan period.” Except when those plans don’t live up to Obamacare’s mandatory coverage requirements, as millions have not.
Read More

Iran Shows Off "The Power of Velayat", Test Fires More Ballistic Missiles

"Our main enemies are imposing new sanctions on Iran to weaken our missile capabilities… But they should know that the children of the Iranian nation in the Revolutionary Guards and other armed forces refuse to bow to their excessive demands."

Following Breadth Thrust, Will Stocks Launch Higher - Or Flame Out?

Last week’s stock market breadth was extraordinarily positive; similar signals historically have seen the market either launch higher or flame out, depending on the prevailing climate.

"I'll Go Full Power If There's No Agreement" - Kuwait Breaks OPEC Production Freeze

Kuwait's oil minister said on Tuesday that his country's participation in an output freeze would require all major oil producers, including Iran, to be on board. "I'll go full power if there's no agreement. Every barrel I produce I'll sell," Anas al-Saleh told reporters in Kuwait City. And since Iran has made it very, very clear it will not join the production freeze at its current mothballed output, and will need at least 9-12 months before it regains its pre-embargo capacity levels, one can forget about a production freeze well into 2017 if not for ever since by then at least one if not more OPEC members will be bankrupt.

Bears Exit Hibernation As Rally Fizzles On Dismal Chinese Trade Data; Commodities Slide; Gold Higher

Those algos who scrambled to paint yesterday's closing tape with that last second VIX slam sending the S&P back over 2,000, forgot one thing - the same thing that China also ignored - central bankers can not print trade, something we have repeated since 2011. The world got a harsh reminder of this last night when China reported the third largest drop in exports in history, which crashed by over 25%, the third biggest drop on record, and no, it was not just the base effect from last February's spike, as otherwise the combined January-February data would offset each other, instead it was a joint disaster, meaning one can't blame the Lunar New Year either.  In short, one can't really blame anything aside from the real culprit: despite all the lipstick that has been put on it, global trade is grinding to a halt.

"The Commodity Rally Is Not Sustainable" - Goldman Is Now Waiting For The Next Big Drop

As noted yesterday morning, "Goldman does it again" when just hours after Goldman said the "bearish cash for iron ore was intact," the commodity recorded its biggest surge in history crushing anyone short, and soaring 20% across the globe. That however has not dented Goldman's conviction that the commodity rally is overdone (we actually agree with Goldman for once) and just hours ago the head of commodities at Goldman Jeffrey Currie doubled down on Goldman's bearish commodities call saying  "market views on reflation, realignment and re-levering have driven a premature surge in commodity prices that we believe is not sustainable.

Helicopter Money Comes To Canada: Ontario Pledges "Basic Income Experiment"

“The pilot would also test whether a basic income would provide a more efficient way of delivering income support, strengthen the attachment to the labour force, and achieve savings in other areas such as health care and housing supports. The government will work with communities, researchers and other stakeholders in 2016 to determine how best to implement a Basic Income pilot.”

The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos

by Michael Snyder, The Economic Collapse Blog:

The Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment.  And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we have ever seen before.  I wrote about the troubles in Italy back in January, but since that time the crisis has escalated.  At this point, Italian banking stocks have declined a whopping 28 percent since the beginning of 2016, and when you look at some of the biggest Italian banks the numbers become even more frightening.  On Monday, shares of Monte dei Paschi were down 4.7 percent, and they have now plummeted 56 percent since the start of the year.  Shares of Carige were down 8 percent, and they have now plunged a total of 58 percent since the start of the year.  This is what a financial crisis looks like, and just like we are seeing in South America, the problems in Italy appear to be significantly accelerating.
Read More

ECB Starts Reporting Unallocated Gold, But Is It The Whole Story?

by Chris Powell, GATA:
Dear Friend of GATA and Gold:
Our friend the Dutch economist Jaco Schipper reports an increase in transparency about gold in the monthly reserve asset reports of the European Central Bank.
Since last August, Schipper notes, the ECB’s monthly report has been distinguishing the allocated from the unallocated gold in the holdings of its member central banks, with less than 2 percent of the gold now being reported unallocated.
Read More

Ten Countries Hoarding Enormous Piles of Gold

by Elena Holodny, BusinessInsider:

Gold is on fire.
Last week, the shiny metal officially entered a bull market, defined as a 20% rally off recent lows.
But investors aren’t the only ones feeling gold: central banks just can’t get enough of the shiny metal either.
According to the latest report from the World Gold Council, central banks added 336.2 tonnes of gold to their reserves in the second half of 2015, up from 252.1 tonnes in the first half of the year.
Read More

Trump: BLM ‘Damaging Economy,’ ‘Impediment to Growth’

GOP frontrunner claims federal agency’s policies have made cost of land “skyrocket”
from Infowars:
The federal Bureau of Land Management’s policies of buying up land and selling it back to the public at steep premiums is damaging the economy and inhibiting growth, presidential frontrunner Donald Trump penned in a recent op-ed.
Published with little fanfare in the Reno Gazette-Journal ahead of last month’s Nevada caucus, the billionaire real estate mogul wrote the BLM’s reluctance to release land, in combination with the failure to enforce immigration laws, is “damaging the economy, lowering the standard of living and inhibiting natural economic growth.”
“The BLM controls over 85 percent of the land in Nevada. In the rural areas, those who for decades have had access to public lands for ranching, mining, logging and energy development are forced to deal with arbitrary and capricious rules that are influenced by special interests that profit from the D.C. rule-making and who fill the campaign coffers of Washington politicians,” Trump wrote.
Read More

The FBI Has Quietly Started Spying on U.S. School Children to Quash Dissent at an Early Age

by Claire Bernish, Activist Post:

McCarthyism quietly returned in January — repackaged, rebranded, and updated to fit a modern narrative — in an official policy set forth by the FBI that asks high schools to target their students.
Preventing Violent Extremism in Schools,” an unclassified 28-page manifesto for the ostensible purpose of waging the War on Terror in U.S. schools, opens with a brief summary of what we can expect from the latest in governmental indoctrination:
Read More

Clamp Down on Cash Is the Ultimate Surveillance State: “Citizens Shouldn’t Be Under General Suspicion”

by Mac Slavo, SHTFPlan:

The war on cash is more than just a currency war to  clamp everyone down on the electric grid. It is also a war on your privacy, and the nail in the coffin for the free market of low level transactions.
Soon, restrictions on cash will become so severe that even spending $100 will arouse suspicion, despite the constant inflation on the value of such a denomination. One day, physical currency may become obsolete.
When that day comes, they will know everything you do.
Read More

NO FREE PRESS, NO FREE SPEECH: EU REMAINS SILENT as Turkish President Seizes Newspaper

by Ian Drury, Daily Mail:
The European Union was last night under fire for failing to condemn a crackdown on free speech in Turkey which saw the state-enforced takeover of the country’s largest newspaper.
Critics accused Brussels of a ‘cynical silence’ over hard-line president Recep Tayyip Erdogan’s clampdown, claiming EU leaders were reluctant to anger Ankara ahead of a crunch summit on the migration crisis.
The court-ordered takeover of Zaman sparked international outrage and was described as one of the ‘darkest days’ in the history of the country’s Press – but EU chiefs largely remained silent.
Read More

Trumpomania & Trumpopanic

by Pater Tenebrarum, Acting-Man.com:
A Serious Contender with a Plan
Donald Trump has obviously become a serious contender for the Republican nomination (in spite of the fact that he has suffered a slight setback on Saturday). He has morphed from a “joke” that the pundits were absolutely sure “would soon flame out” to the leader of the pack. Funny enough, the only candidate who still might have a chance to catch up to him is Ted Cruz – whom the Republican establishment reportedly doesn’t really like all that much either.
Read More…

For Trump, Gold Is Better Than Cash

by Steve St. Angelo, SRS Rocco Report:
Is gold better than cash? Donald Trump accepted three bars of it as a security deposit when a new tenant moved into his 40 Wall Street property in New York’s financial district.
Michael Haynes, chief executive of APMEX, the tenant, convinced the real estate mogul that accepting gold offered the greatest security for him. “I figured, Trump is a smart guy, and he’ll realize that taking gold is a better idea than taking cash.”
IMPORTANT NOTE:  I published this article because several readers have asked me what does Presidential candidate Donald Trump think of gold.  I found this article interesting as Trump took three gold bars as a security payment for leased business space from an executive at APMEX.
Read More

Why Did the Senate Ag Committee Just Vote to Take Away our Food Rights?!

by Christina Sarich, Natural Society:
Tuesday in the hearing for the DARK Act, (Deny Americans the Right to Know) strangely officially called the Safe and Accurate Food Labeling Act (HR 1599)? You need to know before if goes to a full Senate floor vote!
The DARK Act cleared the committee in a 14 to 6 vote. This bill was promoted by Representative Mike Pompeo, a supporter of biotech giants like Monsanto, and would pre-empt states from having their own laws on GMO labeling. This includes states such as Vermont which have already acted on GMO labeling. Vermont has a GM labeling law going into effect just months from now.
Read More

Future Gold Prices

by Gary Christenson, Deviant Investor:

The internet is filled with predictions for the price of gold, from $500 to $50,000 per ounce.  It depends on your world view. If you are a central banker or a powerful financial player which often supplies loyal employees to serve as Secretary of the U.S. Treasury, the low gold numbers look good.
Or, if you understand the incredible $200+ Trillion of debt the world has accumulated and realize it can’t be repaid, then gold at $10,000 probably looks inevitable.  Crashes occur and sovereign debt markets look like paper bubbles with disastrous potential to send gold much higher.
A better approach to estimating future gold prices, in my opinion, is to start with a world view and project relevant gold prices.  I suggest three simple scenarios, as I stated in my article, “Silver Prices in Five Years?
Read More

Ohio Dems Switch to Trump

by David Skolnick, Vindy:
About 1,000 Democrats in Mahoning County so far have switched their party affiliation to Republican with election officials saying several did it to vote for Donald Trump, the GOP presidential front-runner.
“We are seeing something this election cycle I’ve never seen before to this degree,” said board Chairman Mark Munroe, who’s also the county Republican chairman. “Every day I take phone calls or get voice messages from people saying they’ve been Democrats all their life and they’ve had it. They want to vote for Donald Trump. I’m surprised at the volume of inquiries we’re getting. It’s remarkable.”
– See more at: http://www.vindy.com/news/2016/mar/03/mahoning-co-sees-k-voters-defect-to-gop/#sthash.a1fVzIw3.dpuf
Read More


No comments:

Post a Comment