The "up-to-the-minute Market Data" thread

Interesting article :

Is The Stock Market Driven Mainly by BS ?

Hi folks. Anyone in need of some Christmas cheer?

Investors fear bond market 'meltdown', study finds

Bond markets have seized up and fund managers fear that a global “meltdown” has become unavoidable, according a survey of traders, investors and analysts of European corporate debt...

...As a result of the lack of liquidity, “virtually every participant" in the European corporate bond market “sees a correction lurking over the horizon”, according to ICMA [the International Capital Market Association].

“[A] common thread in the various discussions with all participants is the inevitability of a meltdown in global credit markets,” the report said. “The only debate seems to be on the timing and the catalyst...”

This brief, but sobering article is worth taking in. Time to sit back with a hot drink and reflect on where we're heading with this...

Meantime, as ever, some will see this as nothing but an opportunity to clean up:

IG chief predicts end of market tranquility

People don’t trade when markets don’t move, and with interest rates at record lows around much of the world, volatility has been absent for some time...

...Howkins is upbeat, though: “Certainly, the quarter was quite quiet… [but] it doesn’t take a genius to work out we were a bit busier in October. I don’t think there’s any suggestion that markets have settled to a new norm of low volatility. I’m optimistic we’ve seen the bottom of the cycle.”

And so it goes on, with some folks on the sinking ship screaming for fear of being caught in an inescapable whirlpool — while others shout in jubilation at the exhilaration of the ride...

just wanted to link this 20 item list of things which affect the economy A& the price of gold

marketrealist.com...


I would like to point out that none of these 20 points address the issue of the price of gold deflating
which it is doing presently because of the 100-or more to 1 leverage the Paper Contracts hold over the daily price of gold

scarcity or non-physical delivery is the order of the day which should be increasing the price....
the scarcity of bullion in settlement has however made the Premium for gold to be more than $300 oz. in
general and closer to $2,000. oz for the gold spot price and the Premium cost


the mouthpieces for the banker guild say that gold prices are Down because the USD is Strong...
no - that's mis-information
gold price is low because of the Paper Futures contracts are manipulated by the 6 or so TBTF banks who realistically do not need to pay fees to buy 'short' contracts on PMs, whereas you & I are required to pay for and maintain a pool of liquidity for the right to play futures in Gold/PMs


when the western Gold & silver Paper contracts are finally tossed into the dustbin of history...
only then will 'deflation' of the USD come into reality and Gold will achieve a real market price/value


have a glad December holiday season folks

a reply to: St Udio

Don't forget the gold lease rate charts.

www.kitco.com...

The actual physical demand for gold is apparently at a lull.
Probably because physically moving gold bullion by taking possession is not cost effective for short term investment.

So current state of play.
Brent crude Oil is at $55 USD per barrel
Russian rubble is copping a beating after a float late
this year. The Russian central bank has increased it's rates to 17.5% double what it
was prior to the float, in a bit to curb the plummiting exchange rate.
knock on effects for Russia will be a fall in GDP of above 4.5% in 2015.
So we can probably expect high inflation in Russia, and defaults as Russian companies
attempt to pay back money to international lenders.
in other news china's factory output has already decrease in the 3rd quarter
of this year. Japan is also being predicted to be headed for recession.
The US seems to be traveling okay for the moment.
The European central bank is on the path to a form of quantative easing .
so this is what we know. so a default on loans for any of these
areas could be very serious .
I personally wouldn't belive anyone telling you a drop in the rubble
like this combined with oil will do the world any good.
Anyway, merry Chistmas people, by presents' enjoy you family. good luck to
us all next year, it looks a tad bumpy.

[Spam]

a reply to: St Udio


its 2023, AU above 2k oz, economy rattled by usa debt @ $32 Trillion & de-dollarizaton by BRICS

RUSSIA WANTS TO PEG GOLD AT $1700. but likely in Yuan & not usa fed notes