Schiff has been saying that forever.
Black Every Day?
- Thread starter nitro
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I see all the problems in the world too. Just that it is funny that all of us are actually long. I am still 60% long, while you just bought some levered ETFs yesterday.
THE most important article of the year:
Unwinding of carry trade may unmask China’s true metal demand
BLOOMBERG INTELLIGENCEOCTOBER 13, 2015
This analysis is by Bloomberg Intelligence analysts Kenneth Hoffman and Sean Gilmartin. It appeared first on the Bloomberg Terminal.
The great mystery of metals is the amount used to finance the Chinese carry trade, or collateral used to borrow cheap dollars to buy yuan-backed high-interest-carrying notes. The Bank for International Settlements says this trade may be $1 trillion to $2 trillion, tying up tens of millions of metric tons of iron ore, aluminum and other metals. About a year of global copper consumption (22 million mt) equals just 5% to 10% of the estimate. The true figure will determine real China metal demand and future inventory....
http://www.bloomberg.com/profession...ry-trade-may-unmask-chinas-true-metal-demand/
In other words, a great deal of the demand was fake.
Unwinding of carry trade may unmask China’s true metal demand
BLOOMBERG INTELLIGENCEOCTOBER 13, 2015
This analysis is by Bloomberg Intelligence analysts Kenneth Hoffman and Sean Gilmartin. It appeared first on the Bloomberg Terminal.
The great mystery of metals is the amount used to finance the Chinese carry trade, or collateral used to borrow cheap dollars to buy yuan-backed high-interest-carrying notes. The Bank for International Settlements says this trade may be $1 trillion to $2 trillion, tying up tens of millions of metric tons of iron ore, aluminum and other metals. About a year of global copper consumption (22 million mt) equals just 5% to 10% of the estimate. The true figure will determine real China metal demand and future inventory....
http://www.bloomberg.com/profession...ry-trade-may-unmask-chinas-true-metal-demand/
In other words, a great deal of the demand was fake.
I stand corrected:
Norway to World: We're Sitting Out the Big Wealth Fund Selloff
http://www.bloomberg.com/news/artic...e-re-sitting-out-the-big-wealth-fund-sell-off
Norway to World: We're Sitting Out the Big Wealth Fund Selloff
http://www.bloomberg.com/news/artic...e-re-sitting-out-the-big-wealth-fund-sell-off
I noticed that the market moves during China hours more than it did before. Do you think China is liquidating? Why would they liquidate stocks rather than treasuries -- or maybe they do both? Obviously they need the dollars to defend yuan.
My training and research says that there are key time of days where reversals or moves form. Is it "more" than before? I am not certain of that, but one of the things that can make a big difference during the year is to be brave and act on your intuition. The key is strict objectiveness on when to call it quits. So if you notice this, be brave and jump in almost immediately until it stops working. It might last two weeks, or if you are lucky a month.
Let's say that happens to you five or six times a year where you "intuit" something strongly leading the market. Say you make $10,000 from it on a small account. That is huge.
http://www.cnbc.com/2016/01/21/why-230-starts-the-most-important-hour-of-the-day.html
The last time I saw this pattern in reverse was 10/2014 and shortly after, Japan announced they were buy billions/trillions in stocks (and obviously went to the upper band of their allocation ahead of time).