Loading ...this headline from ZH encapsulates what’s been going on with the sudden dumping of billions of $ worth of Gold on the open market……………..margin calls on large shareholders of DB, CS, etc., and other hard hit bank stocks.
Rumor Of Qatar Investment In Deutsche Bank Denied; Speculation Of A $1.2 Billion Margin Call Remains
It looks like the smaller caps may be finally rolling over. Maybe that TZA short play might work longer term this time. I lost a little on it when I bought the break-out 9/7 (market drop) but fizzled out. (stronger market)
http://finviz.com/futures_charts.ashx
I think the Fed put out a less than expected jobs report on purpose I GUESS to push the dollar down, but it did not work much, dollar even higher today. I suspect the high Dollar and low Pound are both over extended trends.
Volume 39,049,732
Avg Vol (3m) 25,291,056
looks like good risk/reward here…if yer a “believer” in the bull…
But all my friends say this is just a typical bull mkt correction…I hope they be right
Anyone want to tell us again about how trustworthy this guy is?
Fed still on track to raise rates in December. Jobs “miss” is irrelevant; it was “good enough.” Key is inflation, and that’s going Fed’s way pic.twitter.com/oJBcNcJQNj
@JamesGRickards Wait a second. Just 3 weeks ago you said “rate hikes were off the table for the foreseeable future.”http://dailyreckoning.com/inside-the-fed-tool-kit/ …
Inside the Fed Tool Kit – James Rickards
The economy is slowing and extremely close to recession. What should the Fed be doing? Fed discussions over interest rates continues. Jim Rickards reports…
dailyreckoning.com
is much better than a post jobs report plunge that is quickly bought…but the day is young and the fire brigade is always on standby…
The end is nigh, brother, the end is nigh!
World makrkets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!
Does the FED think it can sustain this?
An economic bubble is essentially an economic activity that cannot sustain itself without a continuous influx of new money and credit to bid away real resources from self-funding endeavors. Financial bubbles are obviously closely related as financial assets are derivatives of underlying real production of goods and services. For example, an Apple stock is a derivative of the economic good emanating from peoples use of their cell phones. If the value placed on the services rendered from their product is high, the financial asset should reflect this through a high share price.
Aggregating this concept to include all assets and all production does not change the conclusion; valuations must reflect output somehow. In other words, there should be a causal connection between the value of assets and their ability to create output.
Quantitatively we can express this relationship by looking at the “Household Net Worth” time-series found in the Financial Accounts of the United States, compiled by the Federal Reserve (source) and nominal GDP as reported by the Bureau of Economic Research (source). We use the household net worth data because it is ultimately households that own all the productive assets in the economy so this is one of the closest thing we come to economy wide asset valuation which should correspond to NGDP, the widest measurement of output. To compare the two, we calculate growth rates of both and rebase them one for the first quarter of 1990.
Nominal GDP obviously reflect the economy’s ability to generate money income which can be used to, among other things, service cost of capital. Asset valuations reflect, or should reflect, a market view of the amount of money income the economy will be able to produce in the future. Elevated asset valuations are thus a reflection of exuberant expectations about economic output that will come. If for some reason that output fail to materialize, the expected money income will also be absent and overly optimistic valuations must be realigned with the new reality.
http://www.zerohedge.com/news/2016-10-07/do-our-central-planners-really-believe-will-end-well
Appears to be holding……so far!!
Sheesh, not looking so good right now.
bbl
Fingers Crossed!!
MELBOURNE – Barrick Gold’s stake in the Kalgoorlie Super Pit mine has drawn interest from Kinross Gold and Zijin Mining Group in a sale that could fetch as much as $1-billion, people with knowledge of the matter said.
Australian producers Newcrest Mining, Northern Star Resources and Evolution Mining are also reviewing data on the mine ahead of possible indicative bids, which are due by the end of October, according to the people. Chinese companies including China National Gold Group and Shandong Gold Mining are also considering offers, the people said, asking not to be identified because the details are private.
Thanks, then it’s probably an IE problem.
ZH is fine with me,,in fact got better recently.
But I run a skinny version of Linux on a super fast gaming desktop…the thing blazes.
At some point soon the Pound is gonna be the buy of the Century, rid of the EU we are gonna boom like never before……only worry is the EU blowing up first, which is odds on….but still think pound will do well.
ps Monster selling hitting SLV……
so they had to move all the mkts before hand…..it wasn’t just because China was on Holiday, their entire scam of the supposed “Recovery” is falling apart.
GS must be making out like the bandits they are, front running all these Scum plays.
“6% fall in the pound”
Wowser! That’s ridiculous!
Court finds Canada is best jurisdiction for Eritreans’ lawsuit against Nevsun
http://finance.yahoo.com/news/court-finds-canada-best-jurisdiction-202219567.html
Coeur Reports Third Quarter 2016 Production Results
http://finance.yahoo.com/news/coeur-reports-third-quarter-2016-214400347.html
As long as the SM acts positive – which they will – it’s all good
