Supply and Demand 1 December

Let’s consider speculation and arbitrage, and look at what it really means when the cobasis is deeply negative, in that light. This is the case in silver. Per the definition of cobasis = Spot(bid) – Future(ask), it means either that physical metal … [...]

Supply and Demand 1 December

Let’s consider speculation and arbitrage, and look at what it really means when the cobasis is deeply negative, in that light. This is the case in silver. Per the definition of cobasis = Spot(bid) – Future(ask), it means either that physical metal … [...]

Metallic Money (Gold/Silver) vs. Credit Money: Know The Difference

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Longtime correspondent Jeff W. succinctly explains the difference between metallic money (gold and silver) and credit money. You've probably read many articles about money–what it is (store of va… [...]

Citi "Skeptical Of The Sustainability Of This Uptrend"

As the S&P 500 continues to make higher highs, Citi's FX Technicals group attempts to identify important levels to watch. As they have highlighted before, while they respect the price action and the fact that the markets are making higher highs… [...]

Signs of a Top

The primary drivers of asset prices are the economy and corporate earnings. With that in mind, consider that both are rolling over today.   Indeed, when we take the big picture, we find that corporate profits, as a percentage of GDP are also at al… [...]

The Top Ten Market Mysteries

To paraphrase Mark Twain, “It isn’t the stuff you don’t know that will kill you – it’s the stuff you’re sure about but is totally wrong that will do you real harm.”  As a corollary to this fateful phrase, Convergx’s Nick Colas has collected a … [...]

Guest Post: Take The Money And Run: China’s Ill-Gotten Wealth Flees Overseas

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The front door is covered with official pronouncements of "the China Dream" and blustery demands of hegemony, but the back door is choked with members of the financial/political Elite fleein… [...]

Chart Of The Day: How China’s Stunning $15 Trillion In New Liquidity Blew Bernanke’s QE Out Of The Water

Much has been said about the Fed’s attempt to stimulate inflation (instead of just the stock market) by injecting a record $2.5 trillion in reserves into the US banking system since the collapse of Lehman (the same goes for the ECB, BOE, BOJ, etc). Eve… [...]

Guest Post: Inflation Is Raging – If You Know Where To Look

Submitted by John Rubino via Dollar Collapse blog, Most people – certainly most governments and economists – define inflation as a general rise in prices. But this is wrong. Inflation is an increase in the money supply, of which a rising ge… [...]

Taking Stock Of The 21st Century: What’s Fundamentally Different

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The constant dismissal of unprecedented extremes as "same as it ever was" is actually a pernicious form of perception management, i.e. propaganda. Anyone suggesting that things are unraveli… [...]