Business

Gold's 16.1% surge in Q1 2016 ias the best start to a year since 1974. Overall, this is the best quarter since Q3 1986 and is the best performing major commodity of the year.

Last night we noted the odd "messaging" that was apparent in The PBOC's Yuan fix shifts into and after The Fed and Janet Yellen spoke...

Almost as if The Fed had "outsourced its monetary policy" to China once again. But as DollarCollapse.com's John Rubino notes, it appears Janet Yellen has instead outsoured US monetary policy to the financial markets...

Remember when 2016 was the year when the US economy was finally supposed to take off on "above trend" growth? Make that 2017.

Here is JPM's chief economist Michael Feroli doing what banks are so good at doing: cutting their own US GDP growth forecasts.

Shave and a haircut, first half

Laugh or cry, the choice is yours.

Here is trader Keith Bliss explaining why one should listen to the "stock whisperer", and ignore fundamentals.

He maybe on to something...

Since macro doesn't matter...

And neither do earnings...

According to Bliss, trading is simple as 1, 2, 3:

I attended a panel discussion on private blockchains in banking at UBS in NYC last night. There were two overarching misconceptions that appeared to permeate the discussions:

1. Counterparties can be trusted, hence you can build reliable systems with trusted parties, and;