This Is What A Broken Bond Market Looks Like: Treasury “Failures” Soars To Multi-Year Highs
Earlier this week, when looking at the rapidly fraying dynamics in the all-important Treasury repo market, we explained that as a result of the unprecedented, record shortage of underlying paper, the repo rate for the 10Y has plunged to the lowest on record (and even surpassing it on occasion), the -3.00% “fails” rate, an unstable, broken state […]
U.S. Mint Experiences Strongest Silver Eagles Sales Ever In February
The US Mint recorded their best ever sales for their American Silver Eagles. These coins are a staple in the world silver market for those looking to protect their wealth in precious metals. The stunning performance throughout the month of February saw the mint sell a record-breaking 4,782,000 coins. This marks the 11 th-highest month of […]
Filling The Yearly Gap
Today for me, in a word, sucks. I came into the day heavily short, and as you might gather, that didn’t work out so well. I am deeply disappointed that, having survived the Draghi turmoil yesterday, I have to face a soaring market based on… nothing. At this point, keep an eye on the gap […]
E Super Mario Delivers… And Then He Doesn’t
Well that went over like a lead balloon! European Central Bank (ECB) president Mario Draghi bet the ranch that an aggressive round of quantitative easing would crash the Euro (FXE), (EUO) against the dollar and rescue the continental economy. He certainly didn’t pull any punches. We didn’t just get one bazooka, we got three. In […]
Silver Gets A Bump Higher Following A Soft Dollar
Silver managed indeed to carve out a low near $15.16, which made sense given that the overall trend was bullish and the risk/reward ratio supported a bullish view at the time. See ‘Silver Prices Give Back Gains, But The Trend Remains Bullish’. However, can traders trust the new swing low of $15.16? At this stage it may […]
A Chart That Says 3000 Words And When To Enter Trades
The group of charts is this article may look a little noisy and overwhelming but this is really simple analysis if you look at in bite size pieces. Let me explain each chart and you will start to see the power that technical analysis provides those who accept this so-called witchcraft… So here it is, No Fluff, […]
Fed Hoping To Will Recession Away With False Optimism
U.S. recession already in session? Video Length: 00:07:45
“Gold Revaluation Is An Easy Solution To The Mess”
After writing “The Big Reset” in 2013, Willem Middelkoop became intimately familiar with China and its quest to dominate the global gold market. In an interview, he explained how much gold China really controls and what it intends to do with it. This is the resumé. China sees gold as a hedge against the financial system and the […]
Import And Export Price Year-Over-Year Deflation Continues In February 2016
Trade prices continue to deflate year-over-year. Import Oil prices were down 3.9 % month-over-month, and export agricultural prices increased 0.6 %. with import prices down 0.3 % month-over-month,down 6.1 % year-over-year; and export prices down 0.4 % month-over-month,down 6.0 % year-over-year.. the markets were expecting (from Bloomberg): Consensus Range Consensus Actual Export Prices – M/M change -1.0 % to -0.2 […]
Gold, Stocks And The Miners
One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the realization that this disgraceful policy designed to spur speculation and asset price appreciation is all policy makers have […]
