Gold & Gold Stocks: Patterns, Cycles, And Insider Activity - Part 2
Gold & Gold Stocks: Patterns, Cycles, And Insider Activity - Part 2
Tyler Durden
Fri, 12/29/2017 - 13:05
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Italian Bonds Slide As Market Realizes ECB Has Been The Only Buyer
Italian Bonds Slide As Market Realizes ECB Has Been The Only Buyer
Tyler Durden
Fri, 12/29/2017 - 12:22
China Beige Book Warns Economic Slowdown Has Begun
When it comes to the global economy, few things matter as much as China, the trajectory of its economy and especially the pace and impulse of its credit creation, which is ironic because virtually all data coming out of China is fabricated and manipulated, and thoroughly untrustworthy, either on purpose or "by accident."
Lacy Hunt On The Unintended Consequences Of Federal Reserve Policies
Authored by Mike Shedlock via www.themaven.net/mishtalk,
The Financial Repression Authority interviewed Lacy Hunt, Chief Economist at Hoisington Management on Fed policies.
The interview below first appeared on the FRA website along with a video.
WTI/RBOB Shrug At Bigger Than Expected Crude Draw
WTI/RBOB faded back from yesterday's Libya pipeline headline-driven exuberance ahead of tonight's API inventory data. A bigger than expected crude draw held WTI prices steady but RBOB faded very modestly after API showed a notable gasoline (and distillates) build.
API
- Crude -6mm (-3.75mm exp)
- Cushing -1.3mm (-590k exp)
- Gasoline +3.1mm
- Distillates +2.8mm
Heading into tonight's data, DOE had showed 5 weeks in a row of crude draws and gasoline builds.