Human Interest

A U.S. court case from 1999 that received virtually zero media attention ruled that there was a “conspiracy to kill Martin Luther King” using “agents of the government of the United States”, exonerating James Earl Ray in his assassination.  The civil trial King v. Jowers lasted for 30 days – and after 59 minutes of deliberation the jury found the original official narrative involving Martin Luther King’s death to be factually incorrect, and ruled that government agents were responsible for his death. Anonhq.com reports: The court case never received much media attention.

Ten days ago, when we were struggling to find the answer for the biggest March 1 rally in history, especially after abysmal economic data, we resorted to the following two Reuters headlines which made it all clear, first this:

Following in under two hours by this.

* * *

Fast forward to today when in the aftermath of the ECB's announcement in which Draghi "pulled out all stops with rate cuts, stimulus boost", the market first soared then tumbled. Here is the "explanation" once again courtesy of Reuters:

First this:

A person claiming to be a police insider has revealed that a civil war is coming to America and many people within police departments and in positions of authority are preparing for mass civil unrest this year.  The anonymous insider reveals that citizens must prepare for the coming unrest by: keeping a gun in their possession at all times, evacuating any major cities, and preparing to be able to defend themselves without the assistance of the police.

They don't call it a "currency war" for nothing. 

Moments ago, the RBNZ cut rates by 25 bps to 2.25% in the latest shot across the bow in what is now a years-long race to the bottom.

Here are the bullets: 

• NEW ZEALAND CUTS KEY INTEREST RATE TO 2.25% FROM 2.50%
• RBNZ SAYS FURTHER EXCHANGE RATE DEPRECIATION IS APPROPRIATE
• RBNZ SEES INFLATION REACHING 2% IN 1Q 2018 VS 4Q 2017
• RBNZ SEES 4Q 2016 ANNUAL INFLATION AT 1.1% VS 1.6%

Cue the kiwi plunge:

Yesterday marked the 40th day in a row that total known holdings of Gold in ETFs rose. Not since January 6th has the precious metal seen a reduction in holdings. This is the longest streak of increased holdings since ETFs were born...

It seems, despite exuberant equity bounces, reassurance about the awesomeness of the "jobs" recovery, and Fed confidence-inspiring jawboning that more than a handful of 'goldbugs' are hoarding the pet rock.

Charts: Bloomberg