Liquidity Shortage Getting Worse: Fed's Repo Oversubcribed Even More As Funding Demand Jumps

By Tyler Durden 09/19/2019 For those hoping that the dollar shortage and overnight funding crunch would ease on the third day after the G/C repo rate exploded as high as 10%, we have bad news: it has not. As we warned earlier today, when we previewed the result of today's repo outcome, the only question would be whether the amount of bids [...] Read more

Here’s every reason to avoid buying a gold ETF

Here’s every reason to avoid buying a gold ETF

By Simon Black 09/09/2019 Buckle up, this one’s going to be entertaining… because I should have called this note “Why you should always read the fine print.” This morning I read through the prospectus and annual reports of the most popular Gold ETFs in the world. First, some background: ETF stands for ‘exchange-traded fund’. It’s sort of like a [...] Read more

Negative rate folly

Negative rate folly

Gold’s role as a non-correlating store of value has rarely offered more portfolio utility than it does today. (Image from archives) By Trey Reik, Senior Portfolio Manager, Sprott Asset Management USA, Sprott Media 09/16/2019 The most troubling legacy of contemporary central banking has been the emergence of negative nominal interest rates. At the [...] Read more

Major Red Flag: The Fed Shocks Everyone With An Emergency Intervention In The Repo Market For The First Time Since 2008

Major Red Flag: The Fed Shocks Everyone With An Emergency Intervention In The Repo Market For The First Time Since 2008

By Michael Snyder 09/17/2019 For the very first time since the last financial crisis, the Federal Reserve has been forced to conduct an emergency intervention in the repo market. I know that a lot of people out there don’t know what the repo market is or how it works, and so let me start out with a very basic analogy that may help people [...] Read more

"Nobody Knows What's Going On": Repo Market Freezes As Overnight Rate Hits All Time High Of 10%

"Nobody Knows What's Going On": Repo Market Freezes As Overnight Rate Hits All Time High Of 10%

By Tyler Durden 09/17/2019 Back in the summer of 2013, China's banking system was on the verge of collapse when its overnight repo rates briefly soared to the mid-20% range, prompting the central bank to take emergency intervention to avoid a funding freeze. As of this morning, the US is halfway there. After we reported yesterday that "something [...] Read more

The 8 times since Black Monday stock investors wish they’d held gold

The 8 times since Black Monday stock investors wish they’d held gold

Image by artemuestra By Frik Els 09/16/2019 Climbing higher on the back of safe haven buying, the price of gold camped out above $1,500 an ounce on Monday after the strike on Saudi oil infrastructure added further worries to already unnerved markets A recent study by the World Gold Council, shows during times of stress on financial markets gold [...] Read more

China Gold is hunting for deals worth as much as $2 billion

China Gold is hunting for deals worth as much as $2 billion

Solid gold statue of Mao Tse-tung. Image: Georg Denda | Wikimedia Commons By Bloomberg 09/17/2019 China Gold International Resources, the overseas arm of State-owned China National Gold Group, is on the hunt for acquisitions to replenish its pipeline as deal-making in the sector heats up thanks to a jump in the metal’s price. “We need more [...] Read more

David Stockman on the Coming Financial Panic and the 2020 Election

David Stockman on the Coming Financial Panic and the 2020 Election

By International Man 09/??/2019 Doug Casey’s Note: David Stockman is a former congressman and director of the Office of Management and Budget under Ronald Reagan. Now, anyone with connections to the government should elevate your suspicion level. But as you’ll see, David is a genuine opponent of government stupidity. Although his heroic fight [...] Read more

Financially Transmitted Diseases

Financially Transmitted Diseases

By Marin Katusa 09/13/2019 I came up with Financially Transmitted Disease, or FTDTM for short, a couple of years ago. It all happened when I was having dinner with some colleagues discussing quantitative easing (QE) and negative interest rate policy (NIRP). NIRP will have the biggest impact on our global markets moving forward. I believe this is a [...] Read more

Top 10 countries with the largest gold reserves

Top 10 countries with the largest gold reserves

Switzerland’s central bank. Image from archives. By U.S. Global Investors 09/12/2019 The list of 10 countries that hold the most gold in their reserves has remained mostly unchanged over the last few years. Did you know the top holder has nearly as much bullion as the next three countries combined? Flip through this slideshow to discover which [...] Read more

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