Authored by Jim Rickards via The Daily Reckoning blog,
Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion.
There is statistical evidence piling up to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact.
In the first segment of Friday night's "Trump bombshell" report published almost at the same time by Reuters and the WSJ, anonymous sources reported that Trump is preparing a "war room" upon his Saturday return from Europe, to "combat negative reports and mounting questions about communication between Russia." We did point out some discrepancies: on one hand, Reuters said that Steve Bannon and Jared Kushner (who subsequently WaPo reported was trying to set up "backchannels" with Russians in the second Friday night long-weekend bombshell) were coordinating the "war room" and the White House'
British Airways canceled all flights from London's Heathrow and Getwick airports scheduled before 6 pm, after a global computer system outage caused massive delays and left planes stuck on runways. Earlier on Saturday, there were reports of BA staff telling disgruntled passengers trying to get away for the Bank Holiday weekend that the company was under cyber attack but this was denied by the airline.
#Breaking British Airways apologises to customers who are facing delays "following an IT outage"
Authored by Robert Gore via Straight Line Logic blog,
The best strategy for dealing with crazies is to keep your distance.
You try to ignore the ravings of the paranoid lunatic on a street corner, but if he’s waving a gun, you can’t. He may kill himself, but he may kill you. Protecting yourself is your first consideration. You want to get as far as possible from him.
As SocGen's Kit Juckes noted earlier in the week, "The ECB, not The Fed, is in the driving seat," and nowhere is that more optically obvious than in the massive divergence between US-EU bond risk premia and US-EU inflation surprises.