Bonds are on their worst losing streak since 2012. David Tepper says, regarding the 10yr, ‘wake me up when it’s 4%, bucko.’ Today’s ADP job numbers we’re outrageously good, in spite of the fact that ADP job numbers are absolutely meaningless.
As such, CME futures are now indicating a 100% chance of a rare hike in March. Subsequently, the price of gold is swooning again — taking an inverse position to yields.
German yields have doubled, as of late.
What does it all mean? Nothing at all.
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I am paying very close attention to the Sovereign Currency here at $102 flat. If it busts past that number with vigorish, all the best laid plans of gold bugs and men are phukked like Scrooge McDukk (no copyright violation).
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Trump infrastructure meeting today.
http://www.foxbusiness.com/markets/2017/03/07/report-elon-musk-to-join-trump-wednesday-at-infrastructure-meeting.html
time to buy some gold ?
Zinc futes are in backwardation…… zinc market is getting tighter…… TV.to and DBL.v are a couple pure play zinc names…..
VTT.v is another exploration play that focuses on zinc…this one is in Oz
Hello Maggots, coundown is 7 days and counting to the first entertaining election in the European zone. Promises to be interesting. Italy is as yet on multiple fault lines of unknown magnitude and unknown triggers. Maybe Draghi should drill an ECB horizonal fracker somewhere just to set the whole thing off, LOL. Meanwhile the dust bunny party continues loudly but smothered by the Persian carpet underwhich all have been swept to keep the election year quiet. Who paid for said carpet? It was paid for of course by Germany’s UNLIMITED Target2 credit card – where other countries can charge anything they want without any expectation to be mugged at their car in the parking lot for the bill. https://en.wikipedia.org/wiki/National_electoral_calendar_2017
GEERT Wilders is riding a growing wave of populism and appears on track to win the Dutch election, according to the latest polls.
http://www.express.co.uk/news/politics/754516/Dutch-election-2017-will-Geert-Wilders-win-latest-polls-Netherlands-election
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its history unfolding in real time – Globalism is at the crossroads. How badly will they-Davos Man- act and what will they do to stem the tide of populism? war in the middle east? Ukraine? South China sea? Civil unrest domestically in America?
Arguably, the fed does what the market tells it to do, that market being the 3 month T-bill. According to that market, yep, 100% probability. https://ycharts.com/indicators/3_month_t_bill