Tag Archives: White Shoe Boys

JPMorgan Comes Out With First “Overweight” Call On Commodities Since September 2010

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“Metals prices have reached levels that are demonstrably forcing involuntary production cuts and fresh demand. Against one-sided sentiment and following 15 months of destocking, Chinese buyers are going to realize very soon this is the opportune moment to back up the truck and to restock supply channels where China is import dependent. A surge in Chinese buying of a metal at a lower price has already been observed in gold. We expect renewed vigor in imports of copper and oil. It is quite obvious what the Chinese should do here in physical markets, in pursuit of China’s long-run economic and social self-interest.”

http://www.zerohedge.com/news/2013-07-01/jpmorgan-comes-out-first-overweight-call-commodities-september-2010

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Gold price falls fuel ‘record’ bullion sales at UK’s biggest internet gold dealer

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“BullionByPost said its sales hit £87m in the year to April, presenting a rise of 58pc on the previous year. Founder Rob Halliday-Stein said the plunge in the price had increased enthusiasm, describing Friday as a ‘record’ day with over £1m sales. ‘For every seller, there’s a buyer,’ he said. ‘The sellers tend to be big and fast and the buyers smaller and slower. The reason they are buying has not changed – it is because they are worried about the medium to long term outlook for the economy, and QE.’  He set up the internet delivery business in 2008 after he found it difficult to buy physical gold after inheriting money following the death of his mother.”

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10150235/Gold-price-falls-fuel-record-bullion-sales.html

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Hospital investors ‘sold’ on Obamacare

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“Shares of U.S. hospital operators have been on a tear this year, on average posting triple the gains of the broader stock market, as investors tallied up the benefits of President Barack Obama’s healthcare reform.  They expect company earnings to strengthen as more Americans gain insurance coverage and hospitals lose less money treating the uninsured. The reform law has spurred consolidation among hospitals, and further merger activity could lift valuations.  The biggest benefit from health reform is expected to be an influx of patients whose treatment will be paid for either through expanded Medicaid programs or from state-based exchanges.”

http://www.rawstory.com/rs/2013/06/19/hospital-investors-sold-on-obamacare-despite-bumps/

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LBMA: Volume Of Gold Transferred Climbs To 12-Year High In May On ETF Redemptions

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“The amount of gold transferred between accounts of London Bullion Market Association members rose sharply in May, the organization reported Friday. Total gold transfers rose by 17.2% to a daily average of 28.2 million ounces, the most in 12 years. Despite continued offloading of gold by exchange-traded funds in the Western economies, strong physical demand for gold on falling prices — particularly from India and China — led to a significant increase in demand, the LBMA said, The value of gold ounces transferred increased by 11.2% to a daily average of $39.8 billion, the highest level since August 2011.”

http://www.kitco.com/news/2013-06-28/LBMA-Volume-Of-Gold-Transferred-Climbs-To-12-Year-High-In-May.html

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The Last Mystery of the Financial Crisis

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“Thanks to a mountain of evidence gathered for a pair of major lawsuits, documents that for the most part have never been seen by the general public, we now know that the nation’s two top ratings companies, Moody’s and S&P, have for many years been shameless tools for the banks, willing to give just about anything a high rating in exchange for cash. In incriminating e-mail after incriminating e-mail, executives and analysts from these companies are caught admitting their entire business model is crooked. ‘Lord help our fucking scam . . . this has to be the stupidest place I have worked at,’ writes one Standard & Poor’s executive.”

http://www.rollingstone.com/politics/news/the-last-mystery-of-the-financial-crisis-20130619?print=true

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WSJ: White House Preparing Bernanke’s Replacement

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“The Obama administration has begun assembling a short list of candidates for the Federal Reserve chairmanship, in the expectation that Ben Bernanke won’t seek reappointment when his second term ends in January, according to people familiar with the matter.  Treasury Secretary Jacob Lew is putting together the list, working closely with a small number of senior White House officials.  People familiar with the process wouldn’t divulge any names on the short list, but said there was no front-runner. The White House is still in an early stage of the process and might not announce its selection until the early fall, they said.”

http://www.economicpolicyjournal.com/2013/06/hiilsenrath-white-house-preparing.html

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How Much Are the NSA and CIA Front Running Markets?

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“A 2008 paper by Arindrajit Dube, Ethan Kaplan, and Suresh Naidu (hat tip MS) found evidence that the CIA and/or members of the Executive branch either disclosed or acted on information about top-secret authorizations of coups. Stocks in ‘highly exposed’ firms rose more in the pre-coup authorization phase than they did when the coup was actually launched.  Given the fact that there’s reason to believe that people in the intelligence with access to privileged information weren’t above leaking it to people who could take advantage of it, why should we expect things to be different now?”

http://www.nakedcapitalism.com/2013/06/how-much-are-the-nsa-and-cia-front-running-markets.html

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Stock Market Guru Cody Willard Is Buying Precious Metals Coins.

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“We can’t control when or where opportunity arises. And as you know with gold having crashed some 30% from its highs, I started rebuilding my own physical gold and silver assets in April, looking to take about 1-2 years to build up those assets to about 10%-15% of my portfolio to own/hedge/protect my family with forever.  Which leads us to a little more on why I’m so bullish right now on gold and silver coins and bullion and why I am so against gold and silver exchange-traded funds and other precious metal ETFs. It’s my belief that the big banks who control the paper ETF and spot prices have less gold per promise than they’ve ever had in our lifetimes.”

http://teapartyeconomist.com/2013/06/28/stock-market-guru-is-buying-precious-metals-coins/

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Is Central Banking Scientific?

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“The portrayal of central banking in these sorts of articles is sterile and scientific. You wouldn’t know, for instance, that the men who created the plan for the Federal Reserve dressed up in costumes so they wouldn’t be found out when traveling down to Jekyll Island for the confab that led to the final proposal. And you certainly wouldn’t know of the relationships between them and others in Europe that were backing this sort of plan. The idea that the framers of the Federal Reserve Act would be shocked at the way it turned out is specious. It didn’t take but a decade and those empowered by the Act were conspiring with the British to devalue the dollar and prop up the pound.”

http://www.thedailybell.com/29300/

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Bifurcation Nation

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“Many observers focus on the economic causes of the widening wealth inequality, but the divide appears to be both cultural and financial. Author Charles Murray describes a cultural divide that informs the political and economic divides that are obvious to all.  What Murray suggests is not that upward social mobility has ceased, but that it’s become more difficult for the have-nots to join the haves, not necessarily for lack of opportunity but for the values-based reasons he describes.  The resentment toward the privileged class that is bubbling up suggests people don’t need to read a lengthy sociological study to sense the divide is widening.”

http://charleshughsmith.blogspot.com/2013/06/bifurcation-nation.html

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