The Shaking Continues: The Most Dangerous Volcano In Mexico Has Erupted In Spectacular Fashion

Submitted by Tyler Durden on 04/20/2016 - 10:59 Is The Big One imminent? Most Americans know about the magnitude 7.8 earthquake that hit San Francisco on April 18th of that year, but most people don’t understand that it came in the context of these other major quakes. In 1906 there were major earthquakes in Ecuador and Japan that preceded the historic San Francisco earthquake.

Treasury Removes Jackson From $20 Bill, Will Replace Him With Harriet Tubman

Submitted by Tyler Durden on 04/20/2016 - 12:22
 

Fed Inspector General: "We Discovered Issues That Warrant Immediate Attention"

Submitted by Tyler Durden on 04/20/2016 - 11:57

Stocks, Oil Continue Soaring On Fake OPEC Meeting "Headline" That Was Just Denied

Submitted by Tyler Durden on 04/20/2016 - 11:38 It has become a daily farce.  Having soared above yesterday's highs on the Iraqi' deputy oil minister's comments on renewed production freeze meetings, not even 10 minutes later Russia immediately poured cold water all over it: RUSSIA SAYS NO AGREEMENT ON OIL MEETING IN MAY IN RUSSIA...  But no downward reaction in crude as the HFT algos' upward momentum has already been ignited, which was the only purpose behind the leak in the first place. .

Oil Surges As "OPEC Production Cut" Headlines Make Triumphal Return

Submitted by Tyler Durden on 04/20/2016 - 11:14 Here we go again...OIL PRODUCERS MEETING TO REVIVE OUTPUT FREEZE PROPOSAL: IRAQ

Trump Nearly Sweeps New York, Takes Almost All State Delgates: What Happens Next

Submitted by Tyler Durden on 04/20/2016 - 10:57 Putting much of the recent doubts about his slowing momentum aside, Donald Trump roared to a major victory in New York last night, collecting over 60% of the vote which will see him come away with a huge haul of delegates that moves him closer to the GOP presidential nomination. Trump began the night with 756 delegates, according to The Associated Press. He appears poised to take 89 of the 95 delegates that were up for grabs in New York. That would bring Trump’s total to 856 delegates, putting him 68 percent of the way to the 1,237 needed to clinch the nomination before the Republican National Convention in July.

"Why Stocks Need More Really Bad News"

Submitted by Tyler Durden on 04/20/2016 - 10:46

WTI Crude Spikes Above $42 As US Production Drops To 18-Month Lows

Submitted by Tyler Durden on 04/20/2016 - 10:39 Following API's 3.1mm reported build overnight, expectations were for a 3mm build and DOE reported a 2.08mm build. Cushing saw a 235k draw from API and was expected to drop 1mm barrels but DOE reported just 248k drop in inventories as Gasoline inventories drewdown just 110k barrels (drastically less than the 1mm exp) and Distillates saw a large 3.55mm draw - the most in 3 months. Production appears more of a focus for now and fell once again last week to 8.953mm barrels (down 4.41% YoY) - lowest since Oct 2014. Crude prices had slipped overnight as Kuwait's strike ended and Russia threatened to increase supply but the production slowdown and lower than expected inventory data sent WTI back above $42.

Low- And High-End Existing Home Sales Disappoint - Supply & Stock Market Blamed

Submitted by Tyler Durden on 04/20/2016 - 10:15 Existing home sales rose more than expected in March, bouncing back from a dismal February (+5.1% in March from revised -7.3% Feb). Year-over-year, existing home sales rose just 1.5% to a SAAR of 5.33m (vs 5.28m expectations). However, sales dropped at the lowest-end (due to unaffordability and lack of supply) and sales at the highest-end (above $1mm) disppointed, rising at onbly 4.6% YoY due to buyersbeing "spooked by January's stock market correction."

VIX Crashes To 12 Handle - Term Structure Steepest Since Dec 2014

Submitted by Tyler Durden on 04/20/2016 - 10:00 VIX crashed out of the gate this morning, plunging to 12.50 lows - the lowest since August 2015 (right before the market crashed). The front-end of the 'greed' index has collapsed, driving the term-structure of 'fear' to its steepest since Dec 2014 as we suppose everyone and their pet rabbit is confident that The ECB will do something and The Fed won't. What happens next?

Why Stocks Rebounded Overnight: Goldman Expects BOJ To Double Its Equity Purchases As Soon As Next Week

Submitted by Tyler Durden on 04/20/2016 - 09:54 "We think the BOJ is most likely to ease mainly via the qualitative measure, with increasing ETF purchasing the central pillar, with a view to improving business confidence. We think the market is already factoring in an increase in annual purchasing from ¥3.3 tn to ¥5-6 tn, and we thus think the BOJ may look to slightly more than double its current figure to around ¥7 tn." - Goldman

'Exciting' New ETF Launches - EUCL, CRZY, STPD & More...

Submitted by Tyler Durden on 04/20/2016 - 09:35 We've been struggling with the impact some very esoteric funds might be having in the market. We've also been struggling with the concept that some esoteric funds are attracting more capital than some basic mutual fund strategies. We're not sure what it means and maybe after 5 weeks of grinding higher on little volume with minimal volatility we're just angry - especially as that now seems to be the forecast going forward. But we cannot shake our fixation that some complex funds are impacting markets in ways we haven't thought about - and that tends not to end well.

Trump Hints He Would Replace Janet Yellen

Submitted by Tyler Durden on 04/20/2016 - 09:14 Three weeks after angering the mainstream media with his apocryphal assessment that the US "Is Headed For A Massive Recession" and that "It's A Terrible Time To Invest In Stocks", Trump is likely set to make even more waves with an interview he gave to Fortune magazine, which will be released in its entirety later this week, in which Trump says that while he likes Janet Yellen’s low interest rates, he is not a big fan of Janet Yellen herself.  "I think she’s done a serviceable job," Trump tells Fortune. "I don’t want to comment on reappointment, but I would be more inclined to put other people in."

SILVER MANIPULATION: Calling Out Blythe Masters

by Bix Weir, Road to Roota:
So let’s look into the near future…
In the Settlement Letter from Deutsche Bank for their participation in rigging the silver market they have agreed to the following:
“In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement. In Plaintiff’s estimation, the cooperation to be provided by Deutsche Bank will substantially assist Plaintiffs in the prosecution of their claims against the non settling defendants”
Hmmm.
Read More

Silver Prices Remain Close To Their 11-month High

by Alejandro Zambrano, Daily FX:
The short-term trend remains bullish above the April 13 low of $16.02, which is the most recent swing low and is higher than the April 12 swing low of $15.82.
Potential support levels dictated by the Fibonacci retracement tool are $16.78 (38.2% pullback), $16.64 (50% pullback) and $16.49 (61.8% pullback). These levels are derived using the April 13 low of $16.02 and yesterday’s high of $17.25 as reference points.
We do note that the $16.64 level, which constitutes a 50% pullback, is not actually a Fibonacci level, even though most Fibonacci retracement tools provide it and technical traders highlight it as being important.
Read More

LIBERLAND: THE PLAN TO BUILD A NEW LIBERTARIAN NATION IN EUROPE

by Joshua Krause, The Daily Sheeple:
It’s been over a year since Vít Jedlička first tried his hand at nation building. The libertarian activist and Czech politician jokingly proposed creating a new freedom loving nation in Europe last April. Jokingly that is, until tens of thousands of people requested citizenship. As of this writing over 400,000 people have signed up to his project (more than his hypothetical nation could even support).
So what’s so appealing about this nation, which Jedlička has dubbed “Liberland?” Other than the fact that taxes would be voluntary, and the state would have a minimalist, Swiss style government, there is some plausibility to this idea.
Read More

Libya Must Fall: The Fallacy Of A New World Beginning – Phil Butler

by Phil Butler, The News Doctors:

Regime change, the term hundreds of millions hear on the nightly news is render innocuous by the sheer repetitiveness. But regime change is almost always accompanied by death and destruction, and after effects that affect us all, no matter where in the world it occurs. The overthrow of Libya’s leader, Muammar Gaddafi in 2011 by an American president and co-conspirators is truly a case for an international tribunal. Here’s a starting lineup for an international war crimes double header.
Every time I think of Barack Obama’s former US Secretary of State Hillary Clinton, images of her gloating and bragging over Libya flood into my mind’s eye.
Read More

Gold’s Relentless Rally Accelerates

by John Mauldin, GoldSeek:

1. Gold continues to astound most analysts, as it moves relentlessly higher.  Please click here now.  Double-click to enlarge this daily gold chart.
2. The triangle pattern in bullish play is perhaps best described as an “Ode To Awesomeness”.  Note the inverse head and shoulders bottom pattern that has appeared.  That should help drive the price up and out of the triangle pattern, to my $1305 target area.
3. It feels like the bullion banks barely finish settling one price manipulation lawsuit, and then another begins.  Please click here now.  Scotiabank, which is also facing lawsuits for price manipulation in the United States, is now facing a massive class action lawsuit in Canada.

Read More

/