Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now
Max Keiser interviewed GoldCore Research Director, Mark O’Byrne last week and the video was released on Saturday.
Key points and topics covered:
Dubai Light Crude prices have plunged overnight, crashing the spot price below the 2008 lows for the first time, to its lowest since 2004. This is continuing to weigh on Dubai's once-exuberant equity market which just hit fresh 2-year lows as financials and property companies plunge.
Worst in 11 years...
Driving the exuberant money-chasers out o fthe nation's stock market... (and do not forget we market the top in 2014 when a company that actually did nothing saw its IPO oversubscribed 36x)...
Presented with little comment, aside to ask: "where are the liquidity-providers?"
Extremely heavy volume... and wild swings
Zoomed in the moves actually occurred over a 5 minute span... (via @NanexLLC )
420 Point roundtrip in The Dow in under 9 minutes...
As HYG hit Friday's lows...
And all of this is happening right on cue following JPMorgan's Marko Kolanovic warnings of "massive stop losses" ahead..
Submitted by Joseph Calhoun via Alhambra Investment Partners,
With Nattie down 6% in early trading, the most in 2 months, pressing to new record lows...
OilPrice.com's Nick Cunningham warns, while the glut in oil is expected to continue for the next year or so before balancing in late 2016, the pain for liquefied natural gas (LNG) could be just beginning...