"Is This The Right Time To Get Into Gold?"

Today’s AM fix was USD 1,245.25, EUR 915.29 and GBP 763.07 per ounce.Yesterday’s AM fix was USD 1,241.75, EUR 913.12 and GBP 760.46 per ounce. Yesterday the markets were closed in the U.S. for the Thanksgiving national holiday.The closing fix in L… [...]

Japan Dispatches F-15s, E-767s And P-3 Into China’s Air Defense Zone, China Scrambles Su-30 In Response

China’s escalation and re-escalation described in detail yesterday, has just been met with a corresponding re-re-escalation by Japan. China’s Ministry of Defense reports that the nation identified Japanese military planes that entered into Chinese air… [...]

Frontrunning: November 29

So much for the euphoria: Stores open early on Thanksgiving but shoppers in no rush (Reuters) Get to work Mr. Chairwoman: Do-Nothing Congress Dithers on Budget as Deadline Nears (BBG) FX to Libor Probes Leave U.K. Traders Looking for Lawyers (BBG) Pro… [...]

No Red Futures On Black Friday

A hungover America slowly wakes up from a day of society-mandated consumption and purchasing excess to engage in even more Fed-mandated excess in the equity markets. The only difference is that while the “90%” was engaged in the former and depleting th… [...]

China Declares "Willing To Engage In A Protracted Confrontation" With Japan As "Prime Target"

Following the to-ing and fro-ing of the last 2 days with US and Japan “testing” China’s new Air Defense Zone (ADIZ), China has not only escalated (as we noted earlier) but as the day begins in Asia is stepping up the rhetoric significantly. Official me… [...]

Default, Deflation and Financial Repression

Back in March 2011, author Carmen Reinhart wrote a comment in Bloomberg describing the term “financial repression.”  He wrote: “As they have before in the aftermath of financial crises or wars, governments and central banks are increasingly … [...]

BofAML’s Top 10 Emerging Market Risks In 2014

While moderate recovery in growth and inflation is BofAML’s rates team’s base case, there are numerous risks to that forecast. The risk of tapering is already quite well known and they suspect it may not result in the significant market-moving event ma… [...]

Things That Make You Go Hmmm… Like Japan’s "Economics Of The Hopeless"

The definition of the term Hail Mary as it pertains to football, provided here by Wikipedia, does a sterling job of setting the stage for this week’s topic: A Hail Mary pass or Hail Mary route is a very long forward pass in American football, mad… [...]

"James Bond’s" Predictions for 2014…and Beyond

By: Chris Tell at http://capitalistexploits.at/ I first met Joe in Mongolia last year. He is one of the most fascinating men I’ve had the pleasure of meeting. A spook from the cold war with stories that would not be out of place in any spy novel. Trut… [...]

China Re-Escalates, Deploys Warplanes To Air Defense Zone

A few days ago, in the latest escalation over the its territorial dispute with Japan regarding several islands in the East China Sea, China unveiled a so-called “Air Defense Identification” zone, shown on the map below, which includes not only the Diao… [...]