Submitted by Tyler Durden on 03/23/2016 - 07:04
Commodity Carnage: Strong Dollar Sparks Copper Crush, Silver Flash-Crash
Submitted by Tyler Durden on 03/23/2016 - 09:36
The horrific terror attacks in Brussels, Belgium on March 22, 2016 are going to reverberate in our memories for years to come, and perhaps that was the intention. Terror attacks are designed to create fear and to get attention, and these attacks have definitely done both. On Tuesday morning, two huge explosions ripped through Zaventem Airport in Brussels as travelers were getting ready to board their morning flights. You can view some raw footage of one of the bomb blasts right here. Just a short while later, another huge explosion was reported at a metro station just yards away from the European Commission headquarters. At this point, CNN says that at least 30 people have died and about 230 people are wounded as a result of these bombings. But what was the real motive for these attacks? The following are 7 strange questions about the Brussels terror attacks that the mainstream media is not asking…
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Bearish British Pound Bets Hit Record High As Poll Shows Brexit Most Probable
Submitted by Tyler Durden on 03/23/2016 - 09:20 The campaign for Britain to leave the European Union has taken a 2 percentage point lead, according to an ICM poll, to 43%, up 2 percentage points from a similar poll a week ago and the highest proportion in favour of a British exit since ICM started its referendum tracker in May 2015. Bearish bets on GBP have soared to record highs as a split within the governing Tory party and the atrocities in Brussels have sent bookies odds to their highest yet.
Stocks Stumble After Fed's Bullard Raises Mutiny Concerns, Signals April "Live"
Submitted by Tyler Durden on 03/23/2016 - 09:09 US equities are stumbling this morning, giving their bullish terrorism gains, as oil slides and voting FOMC member Jim Bullard appears to raise the spectre of mutiny in the Eccles Building. Speaking on Bloomberg TV, he suggested he wanted to withdraw from the dot-plot forcecasts adding that he believes Fed policy is merely "in reasonably good shape." Finally, following Lockhart and Evans, Bullard also warned that April was "live,' as it appears The Fed wants to talk back some exuberance in the market.
SunEdison Plummets On Imminent Bankruptcy; Axiom Sees "The Beginning Of The End" And 85% More Downside
The sun is about to set on SunEdison.
Oil Drops To $40 Handle After IEA Warns Production Freeze Is "Meaningless"
Submitted by Tyler Durden on 03/23/2016 - 08:48 "So a freeze on production is perhaps rather meaningless. It's more some kind of gesture which perhaps is aimed ... to build confidence that there will be stability in oil prices."
Credit Suisse Blames "Worst January Ever" On Rogue Traders; Fires 2,000
Submitted by Tyler Durden on 03/23/2016 - 08:42 When last we checked in on Credit Suisse, the bank had just reported its first annual loss since the financial crisis and the stock had plunged to its lowest level in a quarter century. Things have not gotten better since then. On Wednesday, CEO Tidjane Thiam announced his second restructuring plan in five months. "I will not be a hostage to fortune," Thiam told Bloomberg.
Israel's Cellebrite Revealed As Company Helping FBI Hack iPhone Encryption
Submitted by Tyler Durden on 03/23/2016 - 08:30 In the aftermath of the FBI's surprising request on Monday to postpone a hearing in its legal crusade to unlock Apple cellphones, many wondered who it was that had succeeded in penetrating the supposedly unhackable smartphone. Earlier today Reuters provided the answer: the FBI's effort is being assisted by Israel's Cellebrite, a provider of mobile forensic software, which is now helping the Feds in their attempt to unlock an iPhone used by one of the San Bernardino, California shooters, the Yedioth Ahronoth newspaper reported on Wednesday.
Is The Stock Rally Getting Too Complacent? (Spoiler Alert: Yes)
Submitted by Tyler Durden on 03/23/2016 - 08:17 Data from the volatility market suggests that expectations in the near-term may have finally gotten a bit too complacent. All in all, this may not be a Defcon 5 level red flag for the market. However, for a rally that has seen scant evidence of exuberance, this is at least one of the first indications of complacency.
Brussels Holds Press Conference On Terror Arrest - Live Feed
Submitted by Tyler Durden on 03/23/2016 - 08:00 There was more than a little confusion on Wednesday morning when Belgian media reported that ISIS bomb maker Najim Laachraoui had been arrested in Anderlecht.
Dollar Winning Streak Continues For Fourth Day Pushing Oil Lower; Futures Flat
Submitted by Tyler Durden on 03/23/2016 - 06:49 Following two days of rangebound moves, where Monday's modest market rebound was undone by the Tuesday just as modest decline (despite the early surge higher on the latest "bullish for stocks" European terrorism), overnight equity action continued to be more of the same, and as of this moment S&P 500 futures were unchanged, while European stocks were modestly higher. But while equities remain surprisingly uneventful despite loud warnings by both JPM and Goldman now that another bout of volatility and equity downside is coming, in FX there has been a substantial change, one which has seen the US dollar rise for a fourth day, the longest winning streak in a month, driven by the latest round of hawkish Fed jawboning courtesy of the Chicago Fed's Charlie Evens yesterday, which in turn has pushed down prices of oil, gold and copper.
Trump Learns Of Naked Melania Photo Used In Attack Ad, Threatens To "Spill Beans" On Heidi Cruz
Submitted by Tyler Durden on 03/22/2016 - 23:37 "Lyin' Ted Cruz just used a picture of Melania from a G.Q. shoot in his ad. Be careful, Lyin' Ted, or I will spill the beans on your wife!"
Fascism, American Style
Submitted by Tyler Durden on 03/22/2016 - 22:25 If Donald Trump is a fascist - as nearly half of Americans surveyed believe - then so is every other politician in office or running for office in America who has ever prioritized money and power over human beings. Consent of the governed, however, no longer applies. Actual control has finally passed to the oligarchic elite controlling the government behind the scenes.
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1,248.20 up $4.40 (comex closing time)
Silver 15.87 up 3 cents
In the access market 5:15 pm
Gold $1248.40
silver: 15.87
Let us have a look at the data for today.
At the gold comex today, we had a good delivery day, registering 61 notices for 6100 ounces and for silver we had 65 notices for 325,000 oz for the active March delivery month.
Read More
Good evening Ladies and Gentlemen:Gold: $1,248.20 up $4.40 (comex closing time)
Silver 15.87 up 3 cents
In the access market 5:15 pm
Gold $1248.40
silver: 15.87
Let us have a look at the data for today.
At the gold comex today, we had a good delivery day, registering 61 notices for 6100 ounces and for silver we had 65 notices for 325,000 oz for the active March delivery month.
Read More
from Wolf Street:
Something broke in the gears of financial engineering!
Companies are still borrowing and spending billions on buying back their own shares – one of the big drivers behind the blistering stock market rally of the past few years. It worked wonderfully and without fail. But suddenly, it’s doing the opposite, and now the shares of the biggest buyback queens are getting hammered. Something broke in the gears of this financially engineered market!
During the November-January period, 378 of the S&P 500 companies bought back their own shares, according to FactSet.
Read More
Something broke in the gears of financial engineering!
Companies are still borrowing and spending billions on buying back their own shares – one of the big drivers behind the blistering stock market rally of the past few years. It worked wonderfully and without fail. But suddenly, it’s doing the opposite, and now the shares of the biggest buyback queens are getting hammered. Something broke in the gears of this financially engineered market!
During the November-January period, 378 of the S&P 500 companies bought back their own shares, according to FactSet.
Read More
by Joseph P. Farrell, Giza Death Star:
I almost hesitate writing this blog today, because it is bound to be
misunderstood by someone, somewhere. But if the truth be told, I’ve been
watching the political debates going on in Europe for some time, and if
one is honest, it is mirroring, in some respects, the concerns being
voiced by some segments in the American political scene, although being
voiced with considerably less measured tones, and that is the
immigration crisis that is unfolding across Europe, a crisis that is, to
some extent, to be laid squarely at the feet of Chancellorin Merkel,
and, if one digs more deeply into some internet rumors, squarely at the
feet of Washington. Indeed, some of those internet rumors have it that
the immigration crisis has been driven by Twitter feeds emanating from
America, inviting people in the war-torn Middle East to immigrate to
Europe.
Read More
I almost hesitate writing this blog today, because it is bound to be
misunderstood by someone, somewhere. But if the truth be told, I’ve been
watching the political debates going on in Europe for some time, and if
one is honest, it is mirroring, in some respects, the concerns being
voiced by some segments in the American political scene, although being
voiced with considerably less measured tones, and that is the
immigration crisis that is unfolding across Europe, a crisis that is, to
some extent, to be laid squarely at the feet of Chancellorin Merkel,
and, if one digs more deeply into some internet rumors, squarely at the
feet of Washington. Indeed, some of those internet rumors have it that
the immigration crisis has been driven by Twitter feeds emanating from
America, inviting people in the war-torn Middle East to immigrate to
Europe.Read More
from LaRouchePAC:
The
collapse of the financial system can no longer be hidden from the
populations of Europe and the US. The bankers have panicked —
expanding QE money printing, negative interest rates, banks buying their
own stock to maintain an appearance of solvency, and talk of
“helicopter money,” as if money was the problem. It is not about money,
but about the collapse of the real economy. The suicide rate among
formerly employed skilled workers is not about money – it is that they
have been pushed aside by a satanic policy which cares only about money,
not human beings.
And yet most people accept it, out of fear — fear that the FBI and the NSA will “catch them” if they speak out, if they speak about the obvious reality.
Read More
The
collapse of the financial system can no longer be hidden from the
populations of Europe and the US. The bankers have panicked —
expanding QE money printing, negative interest rates, banks buying their
own stock to maintain an appearance of solvency, and talk of
“helicopter money,” as if money was the problem. It is not about money,
but about the collapse of the real economy. The suicide rate among
formerly employed skilled workers is not about money – it is that they
have been pushed aside by a satanic policy which cares only about money,
not human beings.And yet most people accept it, out of fear — fear that the FBI and the NSA will “catch them” if they speak out, if they speak about the obvious reality.
Read More
by Julie Wilson, Natural News:
A new report compiled by the U.S. Geological Survey (USGS) concludes
that different types of pesticides are showing up in America’s streams
and rivers, threatening our planet’s innate aquatic life.
New research indicates that, while the presence of some chemicals in streams and rivers has decreased over the last decade due to new regulatory restrictions, newly developed pesticides, such as neonicotinoids and glyphosate, are now the biggest polluters of water.
Researchers analyzed stream samples collected between 2002 and 2011 and compared them with previous samples taken between 1992 and 2001. Herbicide and insecticide levels were monitored for both decades, and streams were divided into agricultural, urban and mixed-use categories, according to the Bozeman Daily Chronicle.
Read More
A new report compiled by the U.S. Geological Survey (USGS) concludes
that different types of pesticides are showing up in America’s streams
and rivers, threatening our planet’s innate aquatic life.New research indicates that, while the presence of some chemicals in streams and rivers has decreased over the last decade due to new regulatory restrictions, newly developed pesticides, such as neonicotinoids and glyphosate, are now the biggest polluters of water.
Researchers analyzed stream samples collected between 2002 and 2011 and compared them with previous samples taken between 1992 and 2001. Herbicide and insecticide levels were monitored for both decades, and streams were divided into agricultural, urban and mixed-use categories, according to the Bozeman Daily Chronicle.
Read More
by Koos Jansen, Bullion Star:
According
to data released by the Swiss customs department on Tuesday, Venezuela
has net exported 12 tonnes of gold to Switzerland in February 2016.
In January Venezuela net exported 36 tonnes of gold to Switzerland, in
total 48 tonnes was moved in the first two months of this year.
On 16 March 2016 BullionStar researcher Ronan Manly reported “Venezuela exported 12.5 tonnes of gold to Switzerland on 8 March 2016, via Paris”, based on an article by newspaper El Cooperante. Establishing, Venezuela has net exported at least 60 tonnes of gold year to date.
Venezuela’s economy is in a tight spot. The country suffers from triple-digit inflation and Credit Default Swap (CDS) data shows that traders see a 78 % chance on default. The foreign exchange reserves of Venezuela declined by 12 % to $13.6 billion US dollars in February, from $15.5 billion US dollars in January of 2016. In an effort to avoid catastrophes Venezuela’s central bank has a strong motive to employ its official gold reserves.
Read More
According
to data released by the Swiss customs department on Tuesday, Venezuela
has net exported 12 tonnes of gold to Switzerland in February 2016.
In January Venezuela net exported 36 tonnes of gold to Switzerland, in
total 48 tonnes was moved in the first two months of this year. On 16 March 2016 BullionStar researcher Ronan Manly reported “Venezuela exported 12.5 tonnes of gold to Switzerland on 8 March 2016, via Paris”, based on an article by newspaper El Cooperante. Establishing, Venezuela has net exported at least 60 tonnes of gold year to date.
Venezuela’s economy is in a tight spot. The country suffers from triple-digit inflation and Credit Default Swap (CDS) data shows that traders see a 78 % chance on default. The foreign exchange reserves of Venezuela declined by 12 % to $13.6 billion US dollars in February, from $15.5 billion US dollars in January of 2016. In an effort to avoid catastrophes Venezuela’s central bank has a strong motive to employ its official gold reserves.
Read More
by Graham Summers, GoldSeek:
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis.
All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem BEFORE 2008… there is no way that things are better now. After all, we’ve just added another $20 trillion in debt to the US system.
However, there is an AWFUL lot of money at stake in believing these lies. So the media and the banks and the politicians were happy to promote them. Indeed, one could very easily argue that nearly all of the wealth and power held by those at the top of the economy stem from this fiction.
Read More
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis.All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem BEFORE 2008… there is no way that things are better now. After all, we’ve just added another $20 trillion in debt to the US system.
However, there is an AWFUL lot of money at stake in believing these lies. So the media and the banks and the politicians were happy to promote them. Indeed, one could very easily argue that nearly all of the wealth and power held by those at the top of the economy stem from this fiction.
Read More
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