The rapidity of gold’s drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly ‘hurried’ selling in the last five years. In July 2008, gold quickly dropped 21% – seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period – as Europe’s risks exploded and stocks slumped … Seguir leyendo What Happened The Last Time We Saw Gold Drop Like This? | Zero Hedge

Don’t do it folks. There’s no "reflation" trade.  Nor is this "manipulation."   There is one thing to watch, and that is if the physical commodity at real, no-BS volume sources de-couples from the futures price.  This is a nightmare scenario as it posits the imminent destruction of the capital market structure, since futures are allegedly deliverables. That is, if I own a gold mine and know I … Seguir leyendo Gold and Silver Crash – Don’t Be An Idiot – MarketTicker Forums

In addition to Case-Shiller, CoreLogic, FHFA and LPS, I’m also watching the FNC, Zillow and several other house price indexes. From FNC: FNC Index: February Home Prices at 28-month High The latest FNC Residential Price Index® (RPI) indicates that U.S. property values rose again in February, continuing a trend that began in the spring of 2012 which has become widely recognized as the beginning of … Seguir leyendo Calculated Risk: FNC: House prices increased 6.1% year-over-year in February, At 28 Month High

Enlace Seguir leyendo Cifuentes estaría manejando una lista de personas susceptibles de ser controladas por “actividades políticas”.

So, the slide in gold has turned into a rout. As Joe Weisenthal says, this should be seen as really good news, because it offers strong evidence that the goldbug/inflationista view of the world — which says that we need to stop all efforts at monetary and fiscal stimulus lest we turn into Weimar — is, in fact, all wrong. But Joe is, I think, … Seguir leyendo Gold Does Not Glitter – NYTimes.com

It’s nice that China can still surprise us: A double-digit rise in bank lending and a surge in total credit in the economy in the first three months of the year, together with forecast-busting import growth in March, have set analysts thinking the economy is expanding faster than expected and policymakers may have to act to restrain it. (Reuters, yesterday) Every strategist around, it seems, … Seguir leyendo China is having a credit-fuelled non-recovery | FT Alphaville

UK companies reporting annual results for the year to March are expected to report an increase of more than £100bn in their aggregate pension scheme deficits, according to actuarial forecasts. This year’s reporting season is likely to expose larger, not smaller, pension shortfalls than existed a year ago, despite sharp rises in stock and bond markets where retirement schemes have invested their assets. That is … Seguir leyendo UK pension deficits set to rise by £100bn – FT.com

A Few Interesting Data Points It has almost become a matter of routine that we write about new extremes in a number of market data related to gold (specifically sentiment data) and after Friday’s massive shellacking several such extremes have occurred again. Note that not all of these are historic firsts, but two actually are. We present them without any additional interpretation. In a highly … Seguir leyendo Panic on the Gold Titanic |

Gold is now officially in meltdown: This is a developing story so it’s hard to keep the charts updated. The low so far is $1385. As Business Insider’s Joe Weisenthal noted: Time to stop referring to Bitcoin as digital gold, but rather gold as physical Bitcoin. The below chart will update, but only with a 15min delay (apols): via Gold meltdown! | FT Alphaville. Seguir leyendo Gold meltdown! | FT Alphaville