What awaits us

Former FM Yashwant Sinha 12/01/2019 New Delhi India's economy is in a "very deep crisis", witnessing "death of demand", and the government is "befooling people" by its "brave talks" that the growth would be better in the next quarter or the one after that, said former FM Yashwant Sinha. India's economy is in a "very deep crisis", witnessing "death [...] Read more

By Doug Noland 11/29/2019 For the Week: The S&P500 gained 1.0% (up 25.3% y-t-d), and the Dow added 0.6% (up 20.3%). The Utilities were unchanged (up 19.0%). The Banks added 0.4% (up 27.9%), and the Broker/Dealers jumped 2.1% (up 21.7%). The Transports increased 0.7% (up 18.4%). The S&P 400 Midcaps rose 1.2% (up 20.9%), and the small cap [...] Read more

German central bank’s vault. (Image courtesy of Bundesbank) By Andrea Dudik and Radoslav Tomek, Bloomberg News 11/29/2019 Gold is all that nationalist leaders in Europe’s east can talk about these days. Just this week, Poland’s government touted its economic might after completing the repatriation of 100 tons of the metal. Over in Hungary, [...] Read more

By Tyler Durden 11/28/2019 Ask any Wall Street analyst why stocks are at all time highs and the instant answer will be because profits and net income are similarly at or near all time highs, which means that the multiple needed to justify an S&P around 3,150 is not all that egregious. But is that really the case in a world where virtually [...] Read more

By Arkadiusz Sieron. Sunshine Profits 11/28/2019 Central banks’ purchases and repatriations of gold have caught our attention once again. In October, Serbia’s central bank bought 9 tons of gold, following in the footsteps of many other central banks that have been adding to their gold reserves recently, including Russia, Hungary, and Poland. Nine [...] Read more

By Yvonne Yue Li 11/27/20`9 The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record. Around noon in New York Wednesday, 5,000 lots of a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets [...] Read more

By pricedingold.com 11/04/2019 US Stocks reached their peak in 1999, and have clearly been in a bear market since 2001. From a high of 1400, they have fallen to the 280-290 level, a drop of 80%. From 2003 through 2007, stocks appeared to perform well when priced in dollars, roughly doubling in value. Because virtually all of this gain was due to [...] Read more

By National Bank of Poland 11/25/2019 The National Bank of Poland has completed the relocation of 100 tons of gold to Poland, which is part of the NBP's official reserve assets. - The operation of transporting 100 tons of Polish gold was completed and proceeded smoothly. Gold bars were safely deposited in the vaults of the National Bank of [...] Read more

Bitcoin prices are down by almost a quarter in the past month. By Mike Murphy 11/24/2019 Digital currencies slump on fears of China crackdown Bitcoin fell below the $7,000 mark on Sunday for the first time since May. The price of bitcoin BTCUSD, -3.97% was last around $6,850, according to Coindesk, after slumping about 24% over the past month. In [...] Read more

By Tyler Durden 11/22/2019 Update: After sparking much apocalyptic speculation following the previously reported WSJ article according to which Bridgewater has a $1.5 billion short position on the S&P which implies a sharp market drop before March 2020, the fund's founder, Co-Chairman and Co-CIO has come out refuting the WSJ article. In a [...] Read more