Hard Assets to Fiat Paper – The Chart
by on Jul 21, 2011 •The Following chart is one we have seen a number of times no doubt. This chart is the ratio of gold to financial assets. On this chart 1.5% of total financial world assets. I personally think Gold is significantly less that this amount as this chart totally ignores paper derivative contracts and unfunded liabilities which...
Markets.. Data continues to worsen..
by on Jul 21, 2011 •We are in this difficult area of many charts in the difficult summer period where participants ‘chopped up’. Many hedge funds remain down for the year in spite of the 5% or so higher equity indexes from the jan01 open. (Gold 10% higher than her jan open and silver 30% higher). Asia over night weak...
Marc Faber Exclusive to Capitalsynthesis members..
by on Jul 20, 2011 •“A very nice and informative website. The challenge for small investors will be to preserve capital in an environment where the government is corrupt, the media is prepared to misinform people, and where the corporate and especially the financial sector is increasingly dishonest”. Marc Faber July 20th 2011
BOJ Signals Willingness to Print More..
by on Jul 20, 2011 •Deputy Governor Hirohide Yamaguchi of the BOJ pledged “decisive” policy action.. Imo he is making a play here for the top job. I’m on record as saying the Governor, Masaaki Shirakawa is in the ‘departure lounge’. I believe this is the commencement of his exit. So, I wonder what decisive measures the central banker could...
UBS Calls End of Cyclical Bull Market.. (Just released)..
by on Jul 19, 2011 •Just released on the wires a very interesting UBS technical call on these markets. UBS calling a market top here, near term. May reach 1370 sp500 but this would most likely represent the top and end of the 2009 to 2011 cyclical bull market and the start of the cyclical bear market according to UBS....
Markets – Hedgies Getting chopped up..
by on Jul 19, 2011 •Choppy markets continue.. Soros’ quantum endowment fund now in 75% cash. Many hedge funds having a very tough time of it here and now. ”The easy money is gone’ Faber. http://www.bloomberg.com/news/2011-07-19/soros-quantum-holding-75-cash-leads-hedge-funds-baffled-by-global-crises.html “I find the current situation much more baffling and much less predictable than I did at the time of the height of the financial...
Markets
by on Jul 18, 2011 •Asia weak over night.. no great moves just continued worries on a slowing China, inflation and the US and European weakness and poor data. No panic though, yet. http://www.stocktiming.com/Shanghai_Daily_Stock_Market_Updates/shanghai-index-update-friday.htm This has all the appearances of a chart you want to short doesn’t it. The HSI is little better. The hongkong markets is liquid and carries...
David Einhorn Greenlight Capital – Q2 Letter
by on Jul 17, 2011 •The star hedge fund manager’s q2 letter to shareholders (july 7th) covering the Euro crisis, US debt ceiling, US stocks, YEN and macro JapanGreenlight-Capital-Q2-Letter
Marc Faber on FinancialSense – July 15th 2011
by on Jul 17, 2011 •The one and only Marc Faber. http://www.netcastdaily.com/broadcast/fsn2011-0715-1.asx Rich
Morgan Stanley OIL & Asset Allocations June2011
by on Jul 16, 2011 •Morgan-Stanley-Asset-Allocation-Strategy Morgan’s are bullish commodities and now forecasting oil spare capacity to have completely disappeared by Q3 2013. 2011 q1 saw Morgan’s get on board with peak oil. (the cynics may say a sell signal.. lol). Near term they expect some weakness especially with the Saudis and US,Europe releasing stores. Total bpd increase in june/july...
Markets..
by on Jul 15, 2011 •Path of least resistance was indeed up.. Finally we got the breakout across numerous instruments with it, therefore, looking a little more meaningful.. nas leading the way, close behind was the sp500 on the break and then finally the dow/ym confirmed.. Here the sp500.. No crystal ball, just price.. Rich p.s. The Michigan consumer sentiment...
Euro Bank Stress Tests – 8 fail
by on Jul 15, 2011 •Well, 8 failed the tests.. 8 failing sort of implies there was a test at least.. which is quite possibly the reason why a few have failed. They are uniformly small banks, mostly in Spain. The capital required to make them pass is a mere 3.5bn usds or around 0.01% of euro annual gdp. So,...