This is the chart that "horrifies" the CEO of the world's largest asset manager. This is the chart that has Larry Fink "seeing dark shadows in the market." Given the average investor's mainstream-media-trained hive-mind, we suspect some will be surprised by his choice...
As we detailed yesterday, "I see a lot of dark shadows," Fink said at the Yahoo event quoted by Reuters. "The markets are probably ahead of themselves."
Submitted by Ben Hunt via Salient Partners' Epsilon Theory blog,
Death inspires meLike a dog inspires a rabbit.? Twenty One Pilots, “Heavydirtysoul” (2017)
Sometimes a cigar is just a cigar.? Sigmund Freud, who probably never actually said this (but should have)
In December, Grant Williams, author of "Things That Make You Go Hmm..." offered the most comprehensive analysis yet of the rise and inevitable fall of the petrodollar (and implicitly US hegemony). In the following presentation, from Mines & Money Conference in London in December 2016, Williams focuses on gold's performance in 2016, the reaction to Donald Trump's election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.
Gift of Real Gold - Give It This Valentines Day
For the love of gold(Don’t) put a ring on itIs gold jewellery going out of fashion?You’ll never get what you paid for itDevaluation: Synthetic diamonds, 3D Printing and Rise of the machinesBuy gold - No one has cracked alchemyGive the gift of real gold - They will thank you for it
For the love of gold
Asian stocks hit their highest level in 18 months, with positive momentum lifting European shares which were helped by Societe Generale earnings. Yields fell on some of the euro zone's battered low-rated bonds as investors put aside the political risks that have dominated markets this week. After trading flat, S&P futures bounced as US traders walked boosted by a spike in the USDJPY, ahead of earnings reports from Coca-Cola, Reynolds American, CVS Health, Nvidia and Twitter.