Gold World News Flash |
- Economists DESTROY the Myth that War Is Good for the Economy
- Keiser Report: Gold Price Manipulation
- Economic Collapse Will Serve One Purpose: "Global Governance And The Enslavement Of Mankind"
- Fabian Calvo: The Market Has The Same Look As Before The 2008 Collapse
- This Won't End Well - US Asset Managers Target Australia's $1.5 Trillion Pension Funds
- Bitcoin Spikes Above $600 - 2 Year Highs - On Sudden Massive Chinese Buying
- An Everyman's Guide To Understanding Cryptocurrencies
- Henry Kissinger Does The Bilderberg Walk Of Shame
- How Fascism Comes To America
- Peter Schiff: Biggest Economic Shitstorm In 80 Years Is Coming!
- Want To Make Money Trading FX? Just Wake Up At 3AM
- Are You Ready? Proof We are in the End Times! (2016)
- PERPARE NOW! June 6 2016 Bo Polny Interview
- Why Samsung Is Not Buying Silver - REDUX
- Peter Schiff -- It's Gonna Be Awful!
- ECONOMIC COLLAPSE DRILL? 1 WEEK into JUNE & AMERICANS HAVEN’T RECEIVED their FOOD STAMPS
- Annunaki - Dont Watch this Film
- Michael Tellinger New Hidden Anunnaki Origins 2016
- Jeff Nielson: Single Digit Silver, Confiscation, Golden Black Market - Rory Hall
- The Battle of The #Brexit: EU Referendum
- ECONOMIC COLLAPSE NEWS JUNE 2016
- How Lavazza turned coffee into gold
- Debt Market Flatlining: Countdown To Meltdown. By Gregory Mannarino
- Why Samsung Is Not Buying Silver - REDUX
- Breaking News And Best Of The Web
- Gold Daily and Silver Weekly Charts - FOMC Next Week - Policy Error of the First Order - YTD Returns
- Rick Rule – Are The Gold & Silver Markets Going To Shock Investors This Summer?
Economists DESTROY the Myth that War Is Good for the Economy Posted: 11 Jun 2016 10:26 PM PDT Debunking the Stubborn Myth that War Is Good for the EconomyAbout.com notes:
It is vital for policy-makers, economists and the public to have access to a definitive analysis to determine once and for all whether war is good or bad for the economy. That analysis is below. Top Economists Say War Is Bad for the EconomyNobel prize winning economist Paul Krugman notes:
Nobel-prize winning economist Joseph Stiglitz agrees that war is bad for the economy:
Former Federal Reserve chairman Alan Greenspan also said in that war is bad for the economy. In 1991, Greenspan said that a prolonged conflict in the Middle East would hurt the economy. And he made this point again in 1999:
Economist Dean Baker notes:
Professor Emeritus of International Relations at the American University Joshua Goldstein notes:
And David R. Henderson – associate professor of economics at the Naval Postgraduate School in Monterey, California and previously a senior economist with |
Keiser Report: Gold Price Manipulation Posted: 11 Jun 2016 08:30 PM PDT from RT: In this episode of the Keiser Report, Max and Stacy reject the idea that anyone should earn a basic guaranteed income for merely sitting on their assets. In the second half, Max and Stacy interview two precious metals analysts – Craig Hemke of TFMetalsReport.com and Andrew Maguire of AndrewMaguireGoldTrading.com. The two give their forecasts for the gold market and discuss the latest in several admitted cases of gold price manipulation. |
Economic Collapse Will Serve One Purpose: "Global Governance And The Enslavement Of Mankind" Posted: 11 Jun 2016 07:10 PM PDT The ever-tightening noose around the neck of man shows no sign of slippage: all actions by all of the governments are anent control and dominion. The path to global governance is plainly marked, visible through all of the turmoil. It is that turmoil, those “incidents” that are created and fostered by the governments that enable them to further constrict the noose. The economy plummets in Cyprus and Greece? Time to limit the cash withdrawals. The European banks are having a “hard time” in places such as France or Spain? Time to pillage people’s savings and their IRA’s. Manufactured crises are the norm, not the exception, and all of them are designed to facilitate one purpose: global governance and the enslavement of mankind. The Bilderbergers are meeting in Germany this week. Paul Joseph Watson of Alex Jones’ Prison Planet reported on some of the key issues they will be discussing, as such:
These things are not new, in that they have been proposed before. Just as with anything that is repeated long enough, however, the reiteration has dulled the senses of most. The bad thing is that it is being acted upon. A report by Tarun Wadwha last week described the inculcation of facial recognition software and the use of over 250 million cameras worldwide with the capability of utilizing this software. 250 million cameras. That would equal a camera for every 30 people. The article went on to detail how in Russia an application called FindFace has come out, the invention of two young entrepreneurs. This application enables you to track down and identify virtually anyone; the app is building a database as we speak, and it is a matter of time before it expands outside of Russia to Europe and eventually the United States. The article went on to detail some of the following measures used in the U.S. and Europe in the manner of the movie “Minority Report” with Tom Cruise as such:
We see it being inserted into our society and the societies in the world: the surveillance state. We see the deliberate and intentional collapses of the economies worldwide, the shifting of assets into the hands of those who control the strings either via legislation and “authority” (governments) or monetarily and economically (corporations and banks/bankers). The daily decline in freedom of speech and the freedom to challenge the establishment…on anything, no matter how minute or obscure…is the rule, not the exception. In order for the global governance to occur, each “sphere of influence” such as parallel’s Orwell’s “1984” and the super-states must control its respective sphere absolutely. Because of the homogeneity of ethnicity that accompanies each area, overlap is not possible from a perspective of control. But if the spheres of influence are “aligned” at least in purpose and levels of totalitarian control, then an effective balance can be maintained. Then (to paraphrase Alinsky) it can be a matter of “organizing the organized” with “controllers” who oversee the governments/regimes of all of the spheres without any of the people (the enslaved) ever knowing. We are heading into a very dark time…a time where technology will be used to enslave, not enlighten or uplift mankind. The new dark ages are almost upon us. It will require nothing less than a world war or a complete global economic collapse (orchestrated, in both cases) to destroy the last vestiges of self-governance and law that exist for us. The time to put a stop to it is now, before the power base of the elite becomes so strong that individuals cannot withstand it. The time to rebel against it is now, while we still have the chance before that boot tramples the face of humanity…forever. |
Fabian Calvo: The Market Has The Same Look As Before The 2008 Collapse Posted: 11 Jun 2016 07:00 PM PDT from WallStForMainSt: |
This Won't End Well - US Asset Managers Target Australia's $1.5 Trillion Pension Funds Posted: 11 Jun 2016 06:40 PM PDT Hedge funds attracted a net $44 billion in assets globally last year, the smallest amount since 2012. As these increasingly desperate funds try to change that in 2016, one enormous target has been identified in Australia. Australia has approximately USD$1.5 trillion in retirement savings, one of the largest and fastest growing pools of pension money in the world according to the WSJ. Several US asset managers are already actively working to get a foot in the door, even though management fees charged in Australia are among the world's lowest according to local lobby group Financial Services Council. "Everyone wants to get their hands on that pie. People think there's a lot of money to be made in Australia" said Jesse Huang, director for strategic relations Boston based hedge fund PanAgora Asset Management Other than the potential to grow AUM, the fact that Australian funds doubled their holdings of alternative assets between 2009 and 2015 has funds salivating to set up shop.
Additionally, a recent survey by State Street showed two-thirds of Australian pension funds plan to boost their exposure to hedge funds over the next three years. Overseas funds are putting talent on the ground because Australia is "not an easy market to enter. It's complex and highly concentrated, buyers are sophisticated and competition is fierce. Players who only come here to push product are bound to fail" said Anthony James, a partner at PwC in Sydney. Potential clients can be tough to convince said Damian Crowley, head of distribution with Pengana Capital, a boutique Sydney fund management firm, adding that some investors "think hedge funds caused the global financial crisis." Alas, if investors have that mindset now, wait until hedge funds tie up pension funds in a bunch of high risk, highly illiquid positions just as the market sells off. MLC, one of the largest pension funds in Australia has increased its alternative exposure by nearly 40% over the past three years, most notably to PE and energy futures, but CIO Jonathan Armitage says the A$62 billion fund is "picky." "Our starting point is deep, deep skepticism. We make sure we only buy what we understand." Armitage said That fact that it's a tough market to enter is not deterring some firms from moving forward however. Oaktree Capital Management, who invests in commercial mortgages and distressed debt opened up a branch in Australia in March, TIAA Global Asset Management opened a Sydney office last year, and Chicago based Northern Trust also set up a Sydney office, along with a sales team in Melbourne to offer full asset-management services to pension funds. The shift in asset allocation undoubtedly comes from the fact that safer investment strategies are no longer an option for managers trying to generate returns, thanks to central banks going absolutely insane and driving over $10 trillion of sovereign debt into negative yields (soon to be done with corporate debt as well as Mario accelerates the global collapse to light speed with the ECBs new program). Recall that now fixed income is yielding so little, that to earn a return of 7.5% investors would have to construct a portfolio that has nearly 3x the risk than it did in 1995. This is causing pension funds to risk even more to find yield, and thus the increased allocation to alternative assets. Hedge funds aren't just targeting the big fish of course, retail investors are also on the radar for those looking to get into Australia.
* * * Ah yes, hedge funds who introduce complex trading strategies to mom and pop investors and massive pension funds - what could possibly go wrong there? |
Bitcoin Spikes Above $600 - 2 Year Highs - On Sudden Massive Chinese Buying Posted: 11 Jun 2016 06:17 PM PDT Once again, on a Saturday night (US time), Sunday morning (China) a sudden burst of buying pressure in Bitcoin, driven by Chinese buyers, has spiked the virtual currency higher on dramatic volume. With Bitcoin now trading at its highest level since May 2014 (in Yuan), and up 250% since we first suggested this an outlet for desperate-to-leave capital outflows in September, we note that the 'arbitrage' of over 150 Yuan points to massively more demand from Chinese buyers for now. Another weekend buying-splosion in Bitcoin by The Chinese...
It appears, just as we initailly warned here, that more than a few of the few hundred million Chinese have decided that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decided to invest even a tiny fraction of the $22 trillion in Chinese deposits...
... in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print. And once again tonight, that panic selling of Yuan for Bitcoin has sent it surging in the last few hours, now above $600...
This pushes Bitcoin to 2 year highs priced in USDollars...
And once again it appears the dominant buyer is in China (OKCoin exchange - which reportedly has 90% of global Bitcoin traffic). This is the highest 'China' Bitcoin price since May 2014
Notably with Bitcoin trading 4187CNY and 615USD (with USDCNY at 6.5624), China Bitcoin is trading around 150 Yuan rich to Dollar Bitcoin (once again suggesting strong demand from Chinese buyers). Both Gold and Bitcoin have been rising since we first warned of the surge in Chinese capital outflows but the virtual currency has dramatically outperformed...
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An Everyman's Guide To Understanding Cryptocurrencies Posted: 11 Jun 2016 06:10 PM PDT Submitted by Charles Hugh-Smith via PeakProsperity.com, When an asset rises by almost 30% in a few weeks, it tends to attract attention. Recently, that asset was bitcoin (BTC). The price of BTC in dollars rose from $454 on May 23 to $590 on June 6th. When an asset doubles in a matter of a few months, it tends to attract attention. The cryptocurrency Ether (part of the Ethereum platform) doubled from around $7 in April to roughly $14 in early June. Are these cryptocurrencies mere fads? Or are they potentially game-changing alternatives to the conventional currencies such as the U.S. dollar, Chinese RMB, Japanese yen or European Union euro? There’s no lack of skeptics and critics of bitcoin and other cryptocurrencies. For example, “National currencies aren’t as Centralized, and Bitcoin isn’t as Decentralized, as you think.” (Source) There are plenty of defenders of cryptocurrencies as well, for example this response to the article above. The controversy is understandable; bitcoin has had a difficult adolescence. After soaring from $15 in early 2013 to over $1,000 in December 2013, the cryptocurrency crashed to $215 in early 2015 in the wake of the bankruptcy of a major exchange (Mt. Gox) that cost bitcoin investors $470 million in losses. Yet despite concerns about security, criminal use and volatility, cryptocurrencies have proliferated at a dizzying pace, and new models such as the “smart contracts” of Ethereum have been developed. So what are those of us who can’t follow the technical arguments supposed to make of all this? For that audience, here's my stab at making sense of the potential global role of cryptocurrencies. Cryptocurrencies Are Digital Currencies That Are Not Issued by GovernmentsWhat’s a cryptocurrency? Wikipedia’s definition is “a medium of exchange using cryptography to secure the transactions and to control the creation of new units.” Cryptocurrencies exist only in the digital realm; there are no physical coins or paper notes. Cryptocurrencies have no intrinsic value. They share this characteristic with fiat currencies issued by governments/central banks:
Though major central banks own gold, the currency they issue is not “backed by gold,” i.e. it cannot be converted into gold upon demand. The value of fiat currency is a function of supply and demand. There are many sources of demand for currency: governments demand taxes be paid in their fiat currency, for example, and this creates demand for the currency. There is however only two sources of supply: the central banks of nation-states (or regional unions like the Eurozone) and private banks in fractional reserve money systems that enable banks to create new money via issuing new loans. In a fractional reserve banking system, if a bank has $10 in cash deposits (i.e. in reserve), it can issue a new loan of $100. This loan is new money that was created out of thin air. When the loan is paid in full, this new money disappears from the system. When central banks or states issue new currency in excess of what the economy is actually producing, the supply overwhelms demand and the currency’s value (i.e. purchasing power) falls accordingly. Venezuela offers a present-day example: the official exchange rate of the Venezuelan bolivar is 10 to the U.S. dollar (USD), but the “street”/black market value is closer to 1,000 to 1 USD. (My correspondents in Venezuela report that it is illegal to post the black-market exchange rate on a website.) Governments typically restrict alternative currencies to protect their monopoly on money issuance: residents must use the government-sanctified currency or face prosecution and prison. The U.S. government has declared bitcoin is a commodity (i.e. property) rather than a currency. Other nations have banned bitcoin (presumably out of recognition that it is an alternative currency outside their control.) Why does bitcoin have any value at all? There are two basic reasons:
Why Fiat Currencies Are Being DevaluedWhy are most governments/central banks trying to devalue/depreciate their fiat currencies? After all, devaluing the currency reduces the purchasing power of everyone who holds the currency, meaning that the currency buys fewer goods and services. This loss of purchasing power makes everyone who must use the currency poorer. Why do governments/central banks pursue a policy that makes their citizens poorer? There are two primary reasons why governments seek to devalue their currency:
As their currency is devalued (by intention or by unintended consequences), the great problem for many people will be transferring their remaining financial wealth out of depreciating currencies into a more stable currency or into assets in a more stable nation. The Role of Cryptocurrencies in Capital PreservationThis is where cryptocurrencies have a role that could increase as global currencies are devalued: if you can shift financial wealth out of a currency that is losing purchasing power into a cryptocurrency that is holding its own or even gaining in purchasing power, it would be irrational not to do so. What advantage do cryptocurrencies have over other stores of value such as gold, silver or cash? All of these traditional stores of value have advantages—portability and universal recognition that they are money—but they cannot be transported across the globe quite as easily as digital currencies. Though it is a topic of hot debate, many observers believe it is technically difficult to the point of impossibility to stop people from buying, selling and sending cryptocurrencies because currencies such as bitcoin live in a network that is scattered around the globe—a network that can be accessed by anyone with a web browser. While local exchanges could be shut down by governments, and businesses could be prohibited from accepting cryptocurrencies, stopping people from logging onto servers sited elsewhere is a bigger challenge. (Many governments have outlawed cryptocurrencies, though their success rate in stopping their citizenry from owning/using cryptocurrencies is unknown.) The rise in daily transactions in bitcoin suggests an expanding base of users globally. In Part 2: Will Cryptocurrencies Soar As The Global Economy Falters? we explore the potential demand for cryptocurrencies as a means of transferring and preserving capital, and the potential impact of these capital flows on valuations of cryptocurrencies. As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets. And as the stability and valuations of cryptocurrencies increase, the potential for a self-reinforcing feedback loop increases: as the value of cryptocurrency rises, it attracts more capital, which pushes prices higher, and so on. Are we in the infancy of a global stampede into cryptocurrencies? Click here to read Part 2 of this report (free executive summary, enrollment required for full access)
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Henry Kissinger Does The Bilderberg Walk Of Shame Posted: 11 Jun 2016 05:30 PM PDT Going to dinner in Castle Dresden Henry Kissinger is greeted with cries of murderer as he shambles his hefty bloated carcass across the courtyard of the Taschenbergpalais Hotel The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
Posted: 11 Jun 2016 05:10 PM PDT Submitted by Doug Casey via InternationalMan.com, I think there are really only two good reasons for having a significant amount of money: To maintain a high standard of living and to ensure your personal freedom. There are other, lesser reasons, of course, including: to prove you can do it, to compensate for failings in other things, to impress others, to leave a legacy, to help perpetuate your genes, or maybe because you just can't think of something better to do with your time. But I'll put aside those lesser motives, which I tend to view as psychological foibles. Basically, money gives you the freedom to do what you'd like – and when, how, and with whom you prefer to do it. Money allows you to have things and do things and can even assist you to be something you want to be. Unfortunately, money is a chimera in today's world and will wind up savaging billions in the years to come. As you know, I believe we're well into what I call The Greater Depression. A lot of people believe we're in a recovery now; I think, from a long-term point of view, that is total nonsense. We're just in the eye of the hurricane and will soon be moving into the other side of the storm. But it will be far more severe than what we saw in 2008 and 2009 and will last quite a while – perhaps for many years, depending on how stupidly the government acts. Real Reasons for OptimismThere are reasons for optimism, of course, and at least two of them make sense.
There are no guarantees in life. Throughout the first several hundred thousand years of human existence, very little capital was accumulated – perhaps a few skins or arrowheads passed on to the next generation. And there was very little improvement in technology – it was many millennia between the taming of fire and, say, the invention of the bow. Things very gradually accelerated and improved, in a start-stop-start kind of way – the classical world, followed by the Dark Ages, followed by the medieval world. Finally, as we entered the industrial world 200 years ago, it looked like we were on an accelerating path to the stars. All of a sudden, life was no longer necessarily so solitary, poor, nasty, brutish, or short. I'm reasonably confident things will continue improving, possibly at an accelerating rate. But only if individuals create more capital than they consume and if enough of that capital is directed towards productive technology. Real Reasons for PessimismThose are the two mainsprings of human progress: capital accumulation and technology. Unfortunately, however, that reality has become obscured by a morass of false and destructive theories, abetted by a world that's become so complex that it's too difficult for most people to sort out cause and effect. Furthermore, most people in the OECD world have become so accustomed to good times, since the end of WW2, that they think prosperity is automatic and a permanent feature of the cosmic firmament. So although I'm very optimistic, progress – certainly over the near term – isn't guaranteed. These are the main reasons why the standard of living has been artificially high in the advanced world, but don't confuse them with the two reasons for long-term prosperity.
What's NextThese last three factors have enabled essentially the whole world to live above its means for decades. The process has been actively facilitated by governments everywhere. People like living above their means, and governments prefer to see the masses sated. The debt and inflation have also financed the growth of the welfare state, making a large percentage of the masses dependent, even while they've also resulted in an immense expansion in the size and power of the state over the last 60-odd years. The masses have come to think government is a magical entity that can do almost anything, including kiss the economy and make it better when the going gets tough. The type of people who are drawn to the government are eager to make the state a panacea. So they'll redouble their efforts in the fiscal and monetary areas I've described above, albeit with increasingly disastrous results. They'll also become quite aggressive with regulations (on what you can do and say, and where your money can go) and taxes (much higher existing taxes and lots of new ones, like a national VAT and a wealth tax). And since nobody wants to take the blame for problems, they'll blame things on foreigners. Fortunately (the U.S. will think) they have a huge military and will employ it promiscuously. So the already bankrupt nations of NATO will dig the hole deeper with some serious – but distracting – new wars. It's most unfortunate, but the U.S. and its allies will turn into authoritarian police states. Even more than they are today. Much more, actually. They'll all be perfectly fascist – private ownership of both consumer goods and the means of production topped by state control of both. Fascism operates free of underlying principles or philosophy; it's totally the whim of the people in control, and they'll prove ever more ruthless. So where does that leave us, as far as accumulating more wealth than the average guy is concerned? I'd say it puts us in a rather troubling position. The general standard of living is going to collapse, as will your personal freedom. And if you're an upper-middle-class person (I suspect that includes most who are now reading this), you will be considered among the rich who are somehow (this is actually a complex subject worthy of discussion) responsible for the bad times and therefore liable to be eaten. The bottom line is that if you value your money and your freedom, you'll take action. There's much, much more to be said on all this. I've said a lot on the topic over the past few years, at some length. But I thought it best to be brief here, for the purpose of emphasis. Essentially, act now, because the world's combined economic, financial, political, social, and military situation is as good as it will be for many years… and a lot better than it has any right to be. What to Do?No new advice here, at least as far as veteran readers are concerned. But my suspicion is that very few of you have acted, even if you understand why you should act. Peer pressure (I'm confident that you have few, if any, friends, relatives, or associates who think along these lines) and inertia are powerful forces. That said, you should do the following:
One more thing: Don't worry too much. All countries seem to go through nasty phases. Within the lifetime of most people today, we've seen it in big countries such as Russia, Germany, and China. And in scores of smaller ones – the list is too long to recount here. The good news is that things almost always get better, eventually. |
Peter Schiff: Biggest Economic Shitstorm In 80 Years Is Coming! Posted: 11 Jun 2016 05:00 PM PDT Expert economist Peter Schiff thinks the coming collapse will be far worse than the Great Depression and you need to be prepared. Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
Want To Make Money Trading FX? Just Wake Up At 3AM Posted: 11 Jun 2016 04:38 PM PDT Countless currency traders wake up every morning with just one question: how to trade FX and make lots of money (ideally without blowing up spectacularly thanks to the 50x leverage). As it turns out, the question may not be "how" but "when." According to research by Deutsche Bank FX, many investors do not give much thought to the timing of currency trades within the day. But they should, because intraday timing matters greatly on FX patterns. As it turns out, currencies tend to depreciate during daylight trading sessions in their own time zones. Specifically, EUR/USD (and other European currencies) falls in the London session and rises in the NY session while AUD/JPY and NZD/JPY decline in the Tokyo session and rally through the rest of the day. As to why wake up at 3am Eastern, or when the London session begins? Because that's when a clearly documented pattern of strength in the USD versus European crosses emerges, followed by a traditional subsequent reversal during the NY session, one which is worth between 2-3bp in each direction, if timed correctly. Do this a few hundred times per year with some leverage, and there's your 2 and 20 model right there.
So why should FX traders - especially those who wish to capitalize on EUR volatility - set their alarm for 3am? According to DB's Daniel Brehon, while university students are often night owls, as people get older and assume more responsibilities, they tend to like sleeping at night when they can. So it is not surprising that return volatility is higher for currencies during their daylight trading hours – European crosses during the London session (defined in this paper as 3-11AM EST), USD crosses in the New York session (11AM to 5PM EST) and JPY crosses in the Tokyo session (5PM to 3AM EST) as seen in Figures 1 and 2. Deutsche then uses 30-minute currency fixings to calculate average returns throughout the day back to 2007 for G10 crosses and 2009 for most EM crosses (RUB back to 2015 and CNH since Sept 2015). Figure 3 illustrates the average mid-market return for investors who buy USD at 12AM EST against EUR, CHF and GBP, with the 2007-16 time trend removed and carry not included. Figure 4 illustrates the same returns for EUR/GBP, EUR/NOK and EUR/SEK. The spike in USD versus European crosses during the London session, and subsequent reversal during the NY session, is worth between 2-3bp in each direction, if timed correctly. This margin potentially exceeds spread costs in many cases for these liquid pairs. EUR-crosses follow a less clearly defined pattern, sinking slightly in the London session and rising in the NY session, most likely staying within spread costs. But while EURUSD was the volatile FX pair of chioice when Europe was blowing up every other month in the 2011-2013 period, now it is all about the USDJPY. Here, by contrast, the dollar-yen pair tends to rise throughout the NY and London trading sessions, meaning that EUR/JPY is really what investors should own in the NY afternoon in the majors. The swing higher in EUR/JPY from 11-5PM EST, and back down from 5PM to 11AM EST, is worth 3bp in each direction on a cross that often trades 1bp wide (Figure 5). The swing on AUD/JPY and NZD/JPY is even more pronounced, falling 4bp and 5bp respectively from 5-11PM EST and rising the rest of the day (Figure 6). DB offers several explanations this phenomenon. First, yen hedging demand may be driving those crosses lower into the Tokyo Fix. Second, investors may be bidding up these crosses into 5PM EST to capture carry, and then selling off these crosses after carry has been credited to their accounts. The latter reason may be worth 1bp but is unlikely to be dictating price action throughout the day. Moreover, the dollar tends to perform against all major Asian currencies during the Tokyo session. Figure 7 shows a spike in USD/Asia after 5PM EST following the usual NY session dollar weakness. This pattern has been particularly strong for USD/CNH since the turmoil in August 2015, although clearly the short time frame makes this conclusion provisional at best. The euro performs well against CE3 early in the morning (e.g. CET open) then falls back, although the swing is only 2-3bp, inside spread costs (Figure 8). But what is most likely happening is that with algos now representing such a dominant portion of FX trading, it means recurring, "self-learning" patterns are all that matters, and as more algos adapt to these recurring trends, the more pronounced they become. As such the spike in the USDJPY around the Japan open has become almost a joke among the FX trading community and yet it persists. Likewise for some of the other observations in this report. Which doesn't mean one can't profit from frontrunning the frontrunners, aka the math PhD-modeled algorithms. Just do what they do day after day, but do it first. Then again, as Gartman will be the first to admit, "trades work until they don't." And all that may take for these self-fulfilling patterns to fail is for them to be shown in the open, and for everyone to rush in, trying to trade ahead. Will these chart be sufficient to end the easy pattern game in FX trading? Perhaps, at which point it will be simply time to do the opposite... until that fails too, and we are back at square one. |
Are You Ready? Proof We are in the End Times! (2016) Posted: 11 Jun 2016 04:30 PM PDT Must Watch Entire Video! CRAZY Satanic ritual at opening tunnel ceremony. More floods and sink holes. Man claims to be a Christian while coming out as being gay! Dixie Chicks portray Trump as goat! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
PERPARE NOW! June 6 2016 Bo Polny Interview Posted: 11 Jun 2016 03:30 PM PDT Cycle Analyst and precious metals expert Bo Polny visits PTW this week to discuss how The Prophet Daniel's timeline points to an imminent financial crash. Bo outlines how he uses the days set forth in the warnings of Daniel to accurately forecast the tops of the gold and silver market to the day... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
Why Samsung Is Not Buying Silver - REDUX Posted: 11 Jun 2016 03:00 PM PDT Jeffrey Lewis |
Peter Schiff -- It's Gonna Be Awful! Posted: 11 Jun 2016 01:19 PM PDT Big Banks Big Warning : Peter Schiff on CNBC 6/8/2016 Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
ECONOMIC COLLAPSE DRILL? 1 WEEK into JUNE & AMERICANS HAVEN’T RECEIVED their FOOD STAMPS Posted: 11 Jun 2016 12:00 PM PDT ECONOMIC COLLAPSE DRILL? OVER a WEEK INTO JUNE & MANY AMERICANS STILL HAVEN'T RECEIVED THEIR FOOD STAMPS. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
Annunaki - Dont Watch this Film Posted: 11 Jun 2016 11:30 AM PDT colloidal gold......fulminate of gold....... .... flower of life ✻☥(a fractal matrix,building by dividing by ⑦,is more than ➓ thousand years old..including the kiss of venus) is hidden more things that we can imagine from sound levitation to laser fusion reactors (using deuterium and tritium... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
Michael Tellinger New Hidden Anunnaki Origins 2016 Posted: 11 Jun 2016 11:00 AM PDT Uncover the clues that expose humanity's true origins as Michael Tellinger reveals Anunnaki secrets hidden within ancient stone circles and artifacts. Tellinger says From the moment the Annunaki set foot upon our planet, the race was on to procure mass amounts of gold and hold as much power over... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
Jeff Nielson: Single Digit Silver, Confiscation, Golden Black Market - Rory Hall Posted: 11 Jun 2016 11:00 AM PDT Sprott Money |
The Battle of The #Brexit: EU Referendum Posted: 11 Jun 2016 09:12 AM PDT Afshin Rattansi goes underground on the EU. We are joined by former Deputy Chair of the Conservative party, Nigel Evans and former Labour party whip, Steve McCabe to debate whether we would be better off in or out. The Financial Armageddon Economic Collapse Blog tracks trends and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
ECONOMIC COLLAPSE NEWS JUNE 2016 Posted: 11 Jun 2016 09:03 AM PDT Our Babylon world empire will fail as prophesied, and then God's only son, Jesus Christ, will reign for 1000 years before the New Heaven and the New Earth replace our current Heaven and Earth. The Bilderbergers might be used by God to organize the beginning of the seven year Tribulation, but even... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
How Lavazza turned coffee into gold Posted: 11 Jun 2016 08:46 AM PDT This posting includes an audio/video/photo media file: Download Now |
Debt Market Flatlining: Countdown To Meltdown. By Gregory Mannarino Posted: 11 Jun 2016 08:07 AM PDT So it looks like Obama got a free pass with zero interest rates his whole presidency. It will be blamed on the next one in office among the sheep. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]] |
Why Samsung Is Not Buying Silver - REDUX Posted: 11 Jun 2016 05:55 AM PDT Actually… that old headline above is not quite accurate. However, the implications have not changed - and could be playing out as I write this. (Silver, despite bearish COMEX positioning, has broken out of a key moving average and seems to be accelerating…) Samsung, the giant electronics conglomerate, formed an agreement with Avino Silver and Gold Mines Ltd. in July 2015. |
Breaking News And Best Of The Web Posted: 10 Jun 2016 06:20 PM PDT Soros and Gross turn bearish. Stocks fall, gold continues to rise. Debt, as usual, continues to grow. Corporations start selling zero-percent bonds. Clinton wins California, clinches nomination. Major US/China trade war breaking out. Global bond yields still falling, China’s debt still rising. Doug Noland’s latest Credit Bubble Bulletin and David Stockman’s proposal to fix the […] The post Breaking News And Best Of The Web appeared first on DollarCollapse.com. |
Gold Daily and Silver Weekly Charts - FOMC Next Week - Policy Error of the First Order - YTD Returns Posted: 10 Jun 2016 01:11 PM PDT |
Rick Rule – Are The Gold & Silver Markets Going To Shock Investors This Summer? Posted: 09 Jun 2016 06:22 PM PDT |
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