Perth Mint Silver Coins Sales Surge 56%, Gold Sales Drop 16% In 2015
The Perth Mint’s annual silver coins sales surged 56%, while gold sales fell 16% in 2015, as silver stackers continued to accumulate silver coins and bars and the new silver nugget or kangaroo coin (1 oz and 5 oz) saw very high levels of demand.
It's all up to China tonight, and if early ETF indications are correct, today's US equity bloodbath is about to spill over right back into Chinese markets again, only this time without the benefit of circuit breakers making it an early close for local traders if they manage to push the market down 7% in 29 minutes.
Having correctly foreseen in September that "China's devaluations are not over yet" it appears Nomura's infamous 'bear' Bob Janjuah has also nailed The Fed's subsequent actions (hiking rates into a fundamentally weakening economy in a desperate bid to "convince markets that strong growth and inflation are on their way back").
You know it's bad when...
THERE IT IS 7pm ET pic.twitter.com/ufjczF1cYY
— Ivan the K™ ? (@IvanTheK) January 7, 2016
But, but, but... Fed... FANGs... Decoupled... Services... Netflix... Unicorns... Cramer...
China will suspend the newly implemented circuit breaker rules for the Shenzhen and Shanghai stock exchanges that came into place this week, as of Friday. On Thursday the circuit-breaker system kicked it when the index fell by 7 percent within minutes of the bourse opening. Share Cast reports: The new circuit breakers, which kicked in on Monday, have been criticised by analysts for exaggerating declines as investors rush to exit positions before getting locked in by the halts. Market participants said the move was good news as it removed the element of fear from trading.