Posted by goldielocks
@ 5:20 on September 4, 2024
Suggestions of more increases in the future. Prepare for a rocky landing and Tech stock troubles. Might explain Buffets move to cash.
Turmoil from the yen carry trade unwind could continue anew, according to SocGen
Analysts pointed to Japan’s central bank, which looks ready to keep raising interest rates.
A further unwinding of the yen carry trade could dent enthusiasm for US tech shares, SocGen said.
The stock market’s chaotic yen carry trade unwind that fueled the worst sell-off in two years in August may not be over, according to Societe Generale.
The European bank pointed to the likelihood that Japan’s central bank would continue to raise interest rates, a development that rocked markets in early August.
Investors panicked after the Japanese central bank issued a surprise rate hike in late July. The move sparked an unwind of the yen carry-trade, a popular strategy in which investors borrowed money at ultra-low rates in Japan to deploy in other assets, like US stocks.
The effects of that sell-off have subsided, with the major US indexes more than recovering their losses over the past month. But more turbulence could lay ahead as rates in Japan look poised to “normalize” after decades of deflation, according to SocGen global strategist Albert Edwards.
Posted by goldielocks
@ 4:26 on September 4, 2024
From what I heard they raised interest a tiny bit and the carry trade give mes with no interest had a meltdown and I think it reversed which stoped the panic. Question is would they do it again, I checked the Vix, it did move today. Powell also spoke about a likely recession coming today, I posted it. Michael Pento was right when asked if they spoke of lowering interest rates if the market would go up but he said it will probably go down. It would signal troubling times but thinks lowering rates is wrong as far as bringing back inflation to the likes we never seen and I agree, we already have inflation people are struggling with what do they want a recession and inflation, stagflation but worse with these lunatics in office. That once he gets started he’ll probably keep going. At some point with inflation out of control even raising interest rates won’t help. No body’s gonna believe he can fix things anymore. What ever is happening with rates well be the last to know so watching the Vix will help. I didn’t check them all but some food related or agriculture stocks moved up too. I didn’t check ammo lol but should.
Posted by Buygold
@ 3:10 on September 4, 2024
Yeah, a Yen carry break might be a big deal. Markets are down around the world, a sea of red tonight. Interesting that Asia is taking the biggest hit with Taiwan and Japan down over 4% each.
Oil is under $70, Bitcoin down another 2+%. Gold faring better, down $9.
Almost looks like the plug is being pulled worldwide.
If the elites are in trouble, no doubt they’ll attempt to take down the world financial system. Problem, reaction, solution. Every time.
The only thing I see still standing is US bonds.
Posted by goldielocks
@ 1:41 on September 4, 2024
Thanks for that. Remember this early August the sudden drop in the market. That was because of a increase in interest of a tiny bit affecting borrowing cheaper yen to buy stocks with the carry trade. So if that’s what’s going on and why it’s going up it’s significant. Stock market ideas they get so they don’t have to trade with their own money like margin can screw it up for everyone royally if it turns against them fast. Keep a eye on the Vix.
Posted by ipso facto
@ 21:28 on September 3, 2024
Candace Owens Exposes Brigitte Macron…As A Man?
If French President Emmanuel Macron’s wife actually a man?
And was “she” (he?) 47 years old when “she” met a 14-year old Emmanuel Macron?
Those are the explosive allegations just made by Candace Owens and Xavier Poussard, the French Journalist who claims to have exposed the truth about Brigitte Macron to the world.
Absolutely stunning….and a bit hard to even believe it could be true, but I’m just going to show you the allegations and then let you decide.
Basically, the allegation is that Brigitte was born a boy who later assumed the identity of a woman, and then when Brigitte was 47 years old she met a 14-year old Emannuel Macron and they fell in love.
See? I told you it was wild!
Story
Posted by Buygold
@ 19:55 on September 3, 2024
SM continuing down a little in the AH’s
I’m not sure what it means exactly if that Yen carry trade unwinds, but I believe it’s bad for the tech sector.
I suppose if it unwinds, we’ll find out. 🙂
Posted by ipso facto
@ 18:15 on September 3, 2024
Posted by goldielocks
@ 17:12 on September 3, 2024
Posted by Buygold
@ 16:05 on September 3, 2024
not much of a consolation, because the shares were obliterated for the most part. Maybe though, a little short covering/buying came in the last half hour.
Silver will have to stabilize for the shares to move IMHO. Gold is a stud, this is maybe the best I’ve ever seen it perform when everything else in the markets has been pounded.
We’ll see if they can pull another miracle rebound in the SM tomorrow. Someday though, the SM has to experience at least a 10% correction doesn’t it?
Posted by Buygold
@ 15:49 on September 3, 2024
Makes sense. Gold is acting well today compared to everything except bonds. Silver almost in line with the Nasdaq.
I hope to not be around for the underground economy, it might be a dangerous go.
Gold is really acting like a champ IMHO. Bitcoin is down over 2% now and buckling with the SM.
Posted by silverngold
@ 15:19 on September 3, 2024
Make silver as unattractive and least desirable as possible to prevent ANYONE from actually wanting to buy or own it….because IMO it will be the QUEEN of the UNDERGROUND currency system when they try to force the world into a digital crypto control surveillance system ….and Physical GOLD will be KING.
Posted by Mr.Copper
@ 15:15 on September 3, 2024
You can see a double bottom with support at $2,500.
https://finviz.com/futures_charts.ashx?t=METALS&p=d
Besides that, lots of things are a LOT cheaper, like heating oil and gasoline.
https://finviz.com/futures_charts.ashx?t=ENERGY&p=d
Here you can see a lot of things cheaper the past three months.
https://finviz.com/futures_performance.ashx?v=14
Down here you can see the indices having a bad day, that took Gold down in sympathy, that I think ended our correction and we should break above $2600 soon.
https://finviz.com/futures_charts.ashx?t=INDICES&p=d
P.S. If you think about it, the Fed’s first fear was deflation. Which would show mismanagement of the Fed Note system, which also will drive gold higher. Gold is money. And in a deflation, money or Gold, gains value.
By the way, I’m going against Garreth Soloway who thinks gold will drop. Scroll to the right to the 20 minute 30 seconds to hear his opinion.
https://www.youtube.com/@GarethSolowayProTrader
Posted by Buygold
@ 14:38 on September 3, 2024
Across all markets.
Speaking of Buffet, he’s been hitting the sell button for awhile now. I can say that my investment life would have been a lot better if I had just followed him or bought Berkshire.
Posted by Buygold
@ 14:26 on September 3, 2024
I’m afraid it’s not just the UK, it’s also the US and the rest of the west. The WEF and elites have allowed our countries to be invaded and have destroyed us with their wars and fiat currencies.
We now have Venezuelan gangs operating parts of cities in Colorado. It can’t be allowed, I don’t see us remaining a country if another election is stolen.
Posted by Maddog
@ 13:09 on September 3, 2024
Posted by Maddog
@ 13:04 on September 3, 2024
Anyone who thinks that sanity is anywhere near this new UK government, needs their head checking…….it is far too early, as of now, but work on the basis the ‘eff ups are going to be epic and then get way worse……and then way worse….recurring.
Posted by Maddog
@ 12:59 on September 3, 2024
Posted by Buygold
@ 12:02 on September 3, 2024
midday. Shares not following though.
Gold continues to impress
Posted by Buygold
@ 11:58 on September 3, 2024
What never ceases to amaze me is how we don’t just go down with the SM in a correction, we outperform it to the downside. Not gold as much but silver and the shares always do worse, at least at the beginning.
old-timer posted an interesting video about the UK situation and how they hold so many US bonds. I’m not sure I understood the full gist, but it sounded like the UK needs the Fed to really cut interest rates dramatically so the UK can sell our treasuries for big profits to help bail themselves out of economic trouble. I think the Fed does a 1/2 point and maybe another. But you’re right, and they still have the firepower to crush us at will. Silver especially.
Posted by deer79
@ 10:23 on September 3, 2024
……Is like a free pass for the scum to play their games and get us as low as possible……..
Posted by Buygold
@ 10:19 on September 3, 2024
At least the stink market is down with us. Misery loves company. ?
Posted by Buygold
@ 9:53 on September 3, 2024
Completely manufactured waterfall.
Apparently they still have the metal and fiat to get it done.
Dollar or rates not a problem today, so….
Posted by deer79
@ 9:51 on September 3, 2024
….are throwing the kitchen sink at us…..
Posted by Buygold
@ 9:11 on September 3, 2024
What the heck? Buyers stepping up and dollar slipping. That’s unexpected. 🙂 Good stuff!
SM not coming back though, or oil.
I’d love to be surprised and see us go up while everything else went down. That’s a rarity.
edit: Bonds rallying, 10 yr down 5.5 bips as dollar rolls over, but the 9 am club is active and has stopped any momentum we had
Posted by ipso facto
@ 8:43 on September 3, 2024
47,000 CHILDREN CRIPPLED AND PERMANENTLY DISABLED IN INDIA, A DIRECT RESULT OF BILL GATES’ POLIO VACCINE (EW)
After years of controversy in the United States, the use of oral polio vaccine (OPV) was discontinued in 2000 due to its proven link with vaccine-derived poliovirus (VDPV), and in the UK circa 2004.
The use of an injected and inactivated polio vaccine (IPV) replaced its usage in the Western world, while oral polio vaccine continues to be used in the developing world.
47,000 children crippled and permanently disabled in India, a direct result of Bill Gates’ Polio vaccine