by Ambrose Evans-Pritchard
Telegraph.co.uk
The US dollar has plunged to a 16-month low in the latest wild move for the global financial system, tightening the currency noose on the eurozone and Japan as they struggle to break out of a debt-deflation trap.
The closely-watched dollar index fell below 92 for the first time since January 2015, catapulting gold through $1300 an ounce in early trading and setting off steep falls on stock markets in Asia and Europe.
The latest data from the US Commodity Futures Trading Commission shows that speculative traders have switched to a net “short” position on the dollar.
HONG KONG (MarketWatch) — As concerns over China are not going away, it’s worth considering what assets are likely to be affected if it is finally forced to call time on its debt spree.
On the heels of the U.S. Dollar Index rallying more than a point off the lows, today one of the great short sellers in the business warned that the bear market rally in stocks is over and when gold breaks $1,300 we may see a serious upside acceleration.
The financial markets are trading gold and silver like currencies. You know, those items that central banks can just create out of nothing to meet any demand and never suffer any shortfall, at least in terms of quantity. Quality is another matter altogether.
At the gold comex today we had a GOOD delivery day, registering 26 notices for 2600 ounces for gold,and for silver we had 174 notices for 870,000 oz for the non active April delivery month.
Ever since the US Federal Reserve (Fed) began to consider raising the federal funds rate, which it eventually did in December 2015, a cottage industry has grown up around taper talk. Will the Fed raise rates, or won’t it? Each time a consensus congeals around the answer to that question, all the world’s markets either soar or dive.
It is very hard for anybody not intimately involved or familiar with the EU and the workings of the UK business sector and economy to discern the nature of the advantages of Brexit. It has been made even harder by the relentless promulgation of supposed self-evident “facts” by the government machine and its cronies. As a consequence a number of myths have begun to crystallise around the debate which beg to be challenged and debunked. Here is a myth-busting guide addressing some of the myths and those who seek the truth about Brexit.
Thanks in no small part to the fracking boom that has led to an explosion in imports from our trusted neighbors to the north, the U.S. has managed to make progress over the past 15 years in weaning itself from its dependence on the Middle East for its energy fix.
[…] Technically Speaking:
With stocks tumbling, today a market veteran warned that when the global Ponzi scheme is exposed, there is going to be a massive panic.
On April 21, Wall Street On Parade reported that the U.S. government (also known as the U.S. taxpayer) was on the hook for potentially tens of billions of dollars in derivative losses at Freddie Mac and Fannie Mae – the two companies the government put under conservatorship during the Wall Street financial collapse of 2008. (See related article below.)
Just after sunrise on April 19, 1775, a large contingent of British military troops arrived to the town of Lexington, Massachusetts.