Commodity Trade Mantra

Posts Tagged ‘Morgan Stanley’

Silver and Physical Inventory Part 2 – The Big Silver ETF

Do you believe the ETF’s are actually backed by physical metal? We have some turnover in the SLV and it is counter intuitive. It has to do with avoiding SEC shareholding requirements and moving silver around that might be needed elsewhere. But generally speaking, I don’t have any reason to doubt that the SLV doesn’t have the silver to back the shares. I know a lot of people doubt it.

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators – some 10 years behind the curve as usual – finally cracked down on gold manipulation as well, even though, central banks in general and the Fed in particular are among the biggest gold manipulators.

Has the Market Finally Hit Bottom? Here’s the Answer…

Trying to call tops or bottoms isn’t a viable trading strategy. We’re never going to be able to time major turning points down to the tick. That’s OK. We’ll leave these big market calls to attention-seekers and big banks trying to make splashy headlines. When it comes to buying a broken market, you don’t want to be the first sucker in line.

Gold Market Is Reaching The Extremes

As per the average gold market estimate in a Bloomberg News survey, the price of gold will drop to $984 per ounce before Jan. That would be the lowest since 2009 & a 10% retreat from Tuesday’s close. ANZ sees gold averaging $1,020 in Dec, Citigroup cut its three-month gold target to $1,000. but Morgan Stanley says gold prices could sink to $800 in its worst-case scenario.

The Worse Than 1986 Downturn In Oil Prices Has No Parallel In Recorded History

If oil prices follow the path suggested by the forward curve, and essentially remain rangebound around levels seen in the last 2-3 months, this downturn would be more severe than that in 1986. This does not bode well for everyone who has unwittingly thrown good money after bad on the assumption that the Saudis will cut production and trigger a rebound in crude oil prices.

Ponzi Finance and $50 Oil - James Rickards

Oil below $50 is more than low enough to do an enormous amount of damage in financial markets. There are about $5.4 trillion dollars of costs incurred in the last five years for exploration drilling and infrastructure in the alternative (fracking) energy sector. It’s been largely financed with corporate and bank debt.

How JPMorgan Hired Trader who Advertised Electricity Market-Rigging Ability

JPMorgan hired Bartholomew in April 2010 & within three months he began to develop manipulative bidding strategies focused on CAISO’s make-whole mechanism, called Bid Cost Recovery or BCR payments. By October, the JPMorgan unit was estimating that the strategy “could produce profits of between $1.5 and $2 billion through 2018.

Gold Dips, Silver Eagle Bullion Coins Top 26 Million

American Silver Eagles sales in record year 2013 had topped 29 million through the first seven months. Silver Eagles advanced by 260,000 in the later hours on Tuesday. The gain lifted Silver Eagle sales over 26 million for the year, maintaining a pace that is the second quickest in the coin’s 29-year history.

Investment Decisions Based On Fundamentals - No Longer A Viable Philosophy

A skeptic would have to be blind not to see bubbles inflating in junk bond issuance, credit quality, and yields, not to mention the nosebleed stock market valuations of fashionable companies like Netflix and Tesla. The overall investment picture is one of growing risk and inadequate potential return almost everywhere one looks.

US Government Has Rigged Precious Metals Markets For 80 Years!

The 60 Minutes coverage only included the tip of the iceberg about how US stock, bond, currency, and commodity markets are manipulated. The US government has been involved in manipulating these markets since the mid-1930s! High frequency trading is just one small tactic used to rig markets.

The Volcker Rule and You: What’s Your Bank Doing with Your Money?

Its true that the Volcker Rule wouldn’t have prevented the financial crisis. So is your money safer in the bank with the Volcker Rule than without? There’s no concrete answer, but given that the loopholes are big enough to drive Jamie Dimon’s private jet through, I would say no.

12 Largest Banks Sued By Public Retirement Funds For "Conspiring To Rig Global FX Markets"

A group of investors across the U.S. and Caribbean, including city and state pension plans have filed a joint lawsuit against 12 banks (All the Too Big To Prosecute banks) for “allegedly conspiring to rig global foreign-exchange prices.” Allegedly? Hasn’t everyone read the Cartel chatroom transcripts yet?

Study Gold and Silver’s Past For a Glimpse of Where We Head in the Future

Next time gold and silver take a price dip & bankers react by telling you to sell, or a politician announces the strength of “recovering economy”, trust your history. We can learn a lot about the future of gold & silver by taking a step back in time to re-visit the bankers’ propaganda campaigns in 2006.

China Currency Yuan Plunges Most In Over 5 Years, Biggest Weekly Loss Ever

Yuan has gone from being most attractive carry trade bet in EM to worst as PBOC efforts to weaken currency cause volatility to surge. Is PBOC’s engineering this CNY weakness a strategy to increase volatility & deter carry-trade malevolence or is it a more aggressive entry into the currency wars?

10 Weapons Wall Street Uses To Manipulate You

Wall Street has only one goal, make insiders superrich & shareholders rich. Public interest & the rest of the world are never part of their competitive algorithms. Here are 10 of Wall Street’s weapons used by their psychological/neuroscientific/behavioral finance cyberwarriors to control their casinos

After the crash of September 2008, the term “too big to fail” became familiar when hundreds of billions of dollars were set aside to bail out BANKS -The nations largest financial institutions. And today, many of the mega-banks that caused the panic of 2008 have now become even larger.

Why It's Never A Good Time To Buy Gold - Ever

Don’t buy when gold price is rising because it’s too expensive – not even when price is falling because trend is down and it could always fall farther. Professionals, who manage investments do not recommend it because of market conditions. So, there is never EVER a good time to buy gold.

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