AI
Saturday, March 31, 2018 2:24:14 PM
Once Upon Data
The following MMgys Saturday Matinee is brought to you by:
"Pillow Punchers Of America"
MMgys
Please Support our Anxiety Relief Sponsors
Thank You
and Now our feature Presentation >>>>>>>>
Good Afternoon Ladies and Gentlemen
MMgys
~Welcome To :
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Always a Pleasure To Have You with Us
MMgys
OK Here we Go >>>>>>>>>>>>>>>>>>
Onwards to the Data News Charts Pics & Fun>>>>>>>>>>>>>
EnJoy
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Gold $1325.90 +$0.20 -1.47%
Silver $16.34 +$0.05 -1.15%
XAU 81.12 +1.85% -0.47%
HUI 175.41 +1.52% -0.82%
GDM 612.39 +1.10% -0.74%
JSE Gold 1127.39 -3.86 -0.34%
USD 90.06 -0.07 +0.68%
Euro 123.04 -0.02 -0.42%
Yen 94.05 +0.49 -1.72%
Oil $64.94 +$0.56 -1.43%
10-Year 2.742% -0.031 -2.49%
Bond 146.40625 +0.53125 +0.97%
Dow 24103.11 +1.07% +2.42%
Nasdaq 7063.44 +1.64%+1.01%
S&P 2460.87 +1.38% -4.92%
The Metals:
Gold fell $4.50 to $1321.20 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.015%. Silver dropped down to $16.222 in early New York trade, but it then rallied to as high as $16.363 in afternoon trade and ended with a gain of 0.31%.
Euro gold remained at about €1078, platinum lost $5.50 to $927.50, and copper climbed 3 cents to about $3.03.
Gold and silver equities climbed steadily higher throughout the day and ended with gains of nearly 2%.
The Economy:
Chicago PMI Slows to 57.4 in March Investing
Consumer Sentiment in U.S. Surges to Highest Level Since 2004 Bloomberg
U.S. consumer spending up slightly; jobless claims at 45-year low Reuters
The Markets:
Oil gained almost 1% on the outlook for OPEC to extend output curbs beyond this year.
The U.S. dollar index traded mostly lower and treasuries rose ahead of the 3-day weekend.
The Dow, Nasdaq, and S&P gained roughly 1.5% on easing concerns about increased regulation for tech companies.
Among the big names making news in the market Friday were Constellation Brands, Amazon, Barclays, Facebook, and Intel.
GATA Posts:
Sean Rushton: Monetary reform would rebalance trade
Barrick Gold founder and philanthropist Peter Munk dies at 90
The Statistics:
Activity from: 3/28/2018
Gold Warehouse Stocks:
9,060,591.220
-
Silver Warehouse Stocks:
260,510,104.171
+474,900.568
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
Product name
Total Tonnes
Total Ounces
Total Value
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)
SPDR® Gold Shares
846.119
27,203,556
US$36,002m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
138.13
4,441,056
US$5,871m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold 152.66 4,908,200
US$6,488m
Australian Stock Exchange (ASX)
Gold Bullion Securities 11.16 358,789
US$475m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.38: +1.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.08: No change from yesterday’s data.
The Miners:
Goldcorp’s GG deposit of gold onto Tradewind's blockchain, Randgold’s GOLD mining code proposal and dividend, Alamos Gold’s AGI dividend, Gold Field’s GFI JV with Asanko Gold, and First Majestic’s AG updated Mineral Reserve and Resource estimates were among the big stories in the gold and silver mining industry making headlines today. (Last Thursday)
WINNERS
1. Avino
ASM +6.54% $1.385
2. Nevsun
NSU +5.31% $2.38
3. Freeport
FCX +4.90% $17.57
LOSERS
1. Alio Gold
ALO -1.52% $1.95
2. Sibanye
SBGL -1.24% $3.99
3. Gold Fields
GFI -0.99% $4.02
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Day In A Chart
Gold Gains In Q1 As Stocks, Bonds, Cryptos, Dollar Tumble Amid Trade Tantrums, Techlash
Well that was an hour, day, week, month, quarter…
Despite recent weakness, gold wins Q1…
In equity land, The MSCI All-World Index of global stocks snapped a seven-quarter winning streak – its longest such stretch of gains since 1997 – while global bonds are set for their first decline in currency neutral terms since 2016.
This is the first quarterly drop for the S&P since Q3 2015 (China devaluation, flash crash) and this is the first back-to-back monthly losses for S&P since Oct 2016, and the biggest 2-month drop since Sept 2015.
The S&P broke its 9-quarter winning streak (biggest 2-month drop since Q1 2016), Dow also broke its 9-wtr win streak, with the biggest 2-month drop since Q3 2015 but Nasdaq managed to close green for a 7-quarter winning streak (but March was the worst month since Q1 2016).
Small Caps scrambled back into the green briefly for the quarter today (that would be the 9th quarterly gain in a row) – BUT THEN FAILED!
Despite the total bloodbath in FANG-style stocks in the last few weeks (down 8.2% in March, the biggest drop since Jan 2016), NYSE FANG+ managed to gain 8% in Q1 – its 7th quarterly advance in a row.
Financials had an ugly Q1 in Europe (2nd quarterly drop in a row, March worst month since Brexit in June 2016) and US (first quarterly drop since Q1 2016 and March was the worst month for US financials since Jan 2016)
BTFD disappeared in Q1 as the SMART money is fleeing the market…
VIX had its biggest quarterly spike since September 2011 (and is up two quarters in a row for the first time since 2015). While February was the biggest monthly spike since Aug 2015, March also rose (up 5 of the last six months) – interesting that VIX started to snap on a monthly basis when The Fed started normalizing its balance sheet…
On a normalized basis, the S&P ‘VIX’ rose the most in Q1 (even as Nasdaq ‘VIX’ spiked most this week)…
European HY credit spreads widened for the second quarter in a row (Q1 was worst since Q3 2015) andEuropean IG credit spreads exploded wider for the first time since Q3 2015 with March the biggest IG spread spike since the crisis). HY spreads were stable in the US but IG crashed wider in Feb and March (March worst month for US IG since Jan 2016)
And perhaps most ominously, LIBOR-OIS spreads exploded for the second straight quarter, by the most since Q3 2011 (to its widest since Q1 2009).
The broad US bond market’s total return fell in Q1 – the first drop since Q4 2016 – but March was the best month for bonds since August 2017… but all yields were higher across the term structure in Q1…
March saw the biggest yield curve flattening since September 2011 (the 7th flatter month in the last 8) and closed flatter for the 15th quarter of the last 17… 2s30s plunge to a 60 handle today!! – the lowest since Oct 2007
After winning in every quarter last year, Risk Parity funds tumbled in Q1 and while March was unchanged, February was the worst month for RP funds since Nov 2016…
The Dollar Index fell for the 5th straight quarter (the longest streak since March 2008) to its weakest level since Dec 2014. The Loonie was the worst performing major against the dollar and JPY the best performer
This was the worst quarter for cryptocurrencies ever with Bitcoin down almost 50% and breaking below its 200DMA…
Crude surged almost 10% on the quarter – the 3rd quarter of gains in a row (and WTI is up for the 6th month of the last 7) and gold gained over 2% but, despite the dollar weakness, silver and copper ended Q1 notably lower..
Having got the month and quarter out of the way, this week was total chaos – a combination of horrific headlines, weak liquidity, and concentrated positions into quarter-end spark massive realized vol in many asset classes, but nowhere more than in stocks, tech stocks…
A crazy day…
Futures show the real chaos since Jay Powell hiked rates… (NOTE – did traders already forget what happened on Tuesday’s panic-bid meltup?)
And investors have AMZN to thank for today’s mega-ramp…
AMZN was desperately trying to get back to its 100DMA…
FANG Stocks closed lower on the week even with today’s meltup…
Tesla was the worst-performing stock on the Nasdaq but many of the so-called FANGMAN stocks were ugly…TSLA, AMZN, NFLX, TSLA, and NVDA ended the week red (noted FB – upper orange – tumbled into the close on some new headlines)
Bank stocks bounced today but faded into the close…
The Dow bounced back above its Fib 38.2% retrace line today…
The S&P 500 held above its 200DMA once again but ios making lower highs…
Seriously though, if today’s spike in stocks wasn’t OPEX/Window-Dressing then we don’t know what is…
Treasury yields tumbled on the day with only the 2Y yield higher on the week…
The yield curve plunged on the week… with 2s30s hitting a 69 handle for the first time since Oct 2007
The Dollar Index was up on the week (lower today)…
Copper surged in the last 36 hours to end the week green but PMs and crude are lower…
Cryptos Carnaged this week… again…
We conclude with Mark Cudmore’s comments from before the open today:
The S&P 500 has yet to really break down — the longer it holds above the 200-day moving average, the bigger the crash will likely be when it happens.
WTI has again failed to hold above $65, forming a very ominous double top that must make the near- record net longs for WTI nervous. With U.S. output surging, and sliding commodities signaling a slowdown in demand for raw materials, the stars are aligning for a big, disinflationary step down by crude.
Treasury 10-year yields have had to be dragged down kicking-and-screamingbecause the Fed is sticking to its dots, but the latest capitulation of the term premium forewarns of a larger collapse in rates.
When they do, that will cast doubt on the Fed’s guidance and spread a fresh wave of disruption across assets that will start out in bonds, currently less volatile than FX and stocks relative to historical norms
So, rest up and enjoy those chocolates.
Bonus Chart: The Analogs remain…
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Pics Of The Day
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
End of the First Quarter
"Greater love hath no one than this: to lay down their life for their friends. You are my friends if you do what I command...
And this is my commandment— love one another."
John 15:13,17
Stocks managed to end the first quarter in very quiet trading with an afternoon rally. Oh, well done.
Gold, silver, and the US Dollar were largely unchanged.
Bloomberg says that the Treasury Yield curve is the flattest it has been since 2007. You don't see that every day. lol.
Federal Regulators decided not to challenge a lower court ruling that exempts Collateralized Loan Obligations (CLO) from the 'skin in the game' rule of Dodd-Frank.
Like a dog returns to its vomit, here we go again.
Speaking of which, there will be a Non-Farm Payrolls Report for March next Friday.
Need little - Want less - Love more.
Happy Easter.
Have a pleasant weekend.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Harvey Honored To Post Your Work Man !
https://www.silverdoctors.com/tag/harvey-organ/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Jesse http://jessescrossroadscafe.blogspot.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You GATA http://www.gata.org/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You Zero Hedge https://www.zerohedge.com/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You from MMgys The Love Network <3
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Goldseek http://news.goldseek.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
and Thank You All for Being With Us this Afternoon
Wishing You All a Very Nice Easter Weekend <3
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
.jpg)
The following MMgys Saturday Matinee is brought to you by:
"Pillow Punchers Of America"
MMgys
Please Support our Anxiety Relief Sponsors
Thank You
and Now our feature Presentation >>>>>>>>
Good Afternoon Ladies and Gentlemen
MMgys
~Welcome To :
~*~Mining & Metals Du Jour~*~ Graveyard Shift~
Always a Pleasure To Have You with Us
MMgys
OK Here we Go >>>>>>>>>>>>>>>>>>
Onwards to the Data News Charts Pics & Fun>>>>>>>>>>>>>
EnJoy
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Gold $1325.90 +$0.20 -1.47%
Silver $16.34 +$0.05 -1.15%
XAU 81.12 +1.85% -0.47%
HUI 175.41 +1.52% -0.82%
GDM 612.39 +1.10% -0.74%
JSE Gold 1127.39 -3.86 -0.34%
USD 90.06 -0.07 +0.68%
Euro 123.04 -0.02 -0.42%
Yen 94.05 +0.49 -1.72%
Oil $64.94 +$0.56 -1.43%
10-Year 2.742% -0.031 -2.49%
Bond 146.40625 +0.53125 +0.97%
Dow 24103.11 +1.07% +2.42%
Nasdaq 7063.44 +1.64%+1.01%
S&P 2460.87 +1.38% -4.92%
The Metals:
Gold fell $4.50 to $1321.20 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.015%. Silver dropped down to $16.222 in early New York trade, but it then rallied to as high as $16.363 in afternoon trade and ended with a gain of 0.31%.
Euro gold remained at about €1078, platinum lost $5.50 to $927.50, and copper climbed 3 cents to about $3.03.
Gold and silver equities climbed steadily higher throughout the day and ended with gains of nearly 2%.
The Economy:
Chicago PMI Slows to 57.4 in March Investing
Consumer Sentiment in U.S. Surges to Highest Level Since 2004 Bloomberg
U.S. consumer spending up slightly; jobless claims at 45-year low Reuters
The Markets:
Oil gained almost 1% on the outlook for OPEC to extend output curbs beyond this year.
The U.S. dollar index traded mostly lower and treasuries rose ahead of the 3-day weekend.
The Dow, Nasdaq, and S&P gained roughly 1.5% on easing concerns about increased regulation for tech companies.
Among the big names making news in the market Friday were Constellation Brands, Amazon, Barclays, Facebook, and Intel.
GATA Posts:
Sean Rushton: Monetary reform would rebalance trade
Barrick Gold founder and philanthropist Peter Munk dies at 90
The Statistics:
Activity from: 3/28/2018
Gold Warehouse Stocks:
9,060,591.220
-
Silver Warehouse Stocks:
260,510,104.171
+474,900.568
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
Product name
Total Tonnes
Total Ounces
Total Value
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)
SPDR® Gold Shares
846.119
27,203,556
US$36,002m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
138.13
4,441,056
US$5,871m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold 152.66 4,908,200
US$6,488m
Australian Stock Exchange (ASX)
Gold Bullion Securities 11.16 358,789
US$475m
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.38: +1.04 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.08: No change from yesterday’s data.
The Miners:
Goldcorp’s GG deposit of gold onto Tradewind's blockchain, Randgold’s GOLD mining code proposal and dividend, Alamos Gold’s AGI dividend, Gold Field’s GFI JV with Asanko Gold, and First Majestic’s AG updated Mineral Reserve and Resource estimates were among the big stories in the gold and silver mining industry making headlines today. (Last Thursday)
WINNERS
1. Avino
ASM +6.54% $1.385
2. Nevsun
NSU +5.31% $2.38
3. Freeport
FCX +4.90% $17.57
LOSERS
1. Alio Gold
ALO -1.52% $1.95
2. Sibanye
SBGL -1.24% $3.99
3. Gold Fields
GFI -0.99% $4.02
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Day In A Chart
Gold Gains In Q1 As Stocks, Bonds, Cryptos, Dollar Tumble Amid Trade Tantrums, Techlash
Well that was an hour, day, week, month, quarter…
Despite recent weakness, gold wins Q1…
In equity land, The MSCI All-World Index of global stocks snapped a seven-quarter winning streak – its longest such stretch of gains since 1997 – while global bonds are set for their first decline in currency neutral terms since 2016.
This is the first quarterly drop for the S&P since Q3 2015 (China devaluation, flash crash) and this is the first back-to-back monthly losses for S&P since Oct 2016, and the biggest 2-month drop since Sept 2015.
The S&P broke its 9-quarter winning streak (biggest 2-month drop since Q1 2016), Dow also broke its 9-wtr win streak, with the biggest 2-month drop since Q3 2015 but Nasdaq managed to close green for a 7-quarter winning streak (but March was the worst month since Q1 2016).
Small Caps scrambled back into the green briefly for the quarter today (that would be the 9th quarterly gain in a row) – BUT THEN FAILED!
Despite the total bloodbath in FANG-style stocks in the last few weeks (down 8.2% in March, the biggest drop since Jan 2016), NYSE FANG+ managed to gain 8% in Q1 – its 7th quarterly advance in a row.
Financials had an ugly Q1 in Europe (2nd quarterly drop in a row, March worst month since Brexit in June 2016) and US (first quarterly drop since Q1 2016 and March was the worst month for US financials since Jan 2016)
BTFD disappeared in Q1 as the SMART money is fleeing the market…
VIX had its biggest quarterly spike since September 2011 (and is up two quarters in a row for the first time since 2015). While February was the biggest monthly spike since Aug 2015, March also rose (up 5 of the last six months) – interesting that VIX started to snap on a monthly basis when The Fed started normalizing its balance sheet…
On a normalized basis, the S&P ‘VIX’ rose the most in Q1 (even as Nasdaq ‘VIX’ spiked most this week)…
European HY credit spreads widened for the second quarter in a row (Q1 was worst since Q3 2015) andEuropean IG credit spreads exploded wider for the first time since Q3 2015 with March the biggest IG spread spike since the crisis). HY spreads were stable in the US but IG crashed wider in Feb and March (March worst month for US IG since Jan 2016)
And perhaps most ominously, LIBOR-OIS spreads exploded for the second straight quarter, by the most since Q3 2011 (to its widest since Q1 2009).
The broad US bond market’s total return fell in Q1 – the first drop since Q4 2016 – but March was the best month for bonds since August 2017… but all yields were higher across the term structure in Q1…
March saw the biggest yield curve flattening since September 2011 (the 7th flatter month in the last 8) and closed flatter for the 15th quarter of the last 17… 2s30s plunge to a 60 handle today!! – the lowest since Oct 2007
After winning in every quarter last year, Risk Parity funds tumbled in Q1 and while March was unchanged, February was the worst month for RP funds since Nov 2016…
The Dollar Index fell for the 5th straight quarter (the longest streak since March 2008) to its weakest level since Dec 2014. The Loonie was the worst performing major against the dollar and JPY the best performer
This was the worst quarter for cryptocurrencies ever with Bitcoin down almost 50% and breaking below its 200DMA…
Crude surged almost 10% on the quarter – the 3rd quarter of gains in a row (and WTI is up for the 6th month of the last 7) and gold gained over 2% but, despite the dollar weakness, silver and copper ended Q1 notably lower..
Having got the month and quarter out of the way, this week was total chaos – a combination of horrific headlines, weak liquidity, and concentrated positions into quarter-end spark massive realized vol in many asset classes, but nowhere more than in stocks, tech stocks…
A crazy day…
Futures show the real chaos since Jay Powell hiked rates… (NOTE – did traders already forget what happened on Tuesday’s panic-bid meltup?)
And investors have AMZN to thank for today’s mega-ramp…
AMZN was desperately trying to get back to its 100DMA…
FANG Stocks closed lower on the week even with today’s meltup…
Tesla was the worst-performing stock on the Nasdaq but many of the so-called FANGMAN stocks were ugly…TSLA, AMZN, NFLX, TSLA, and NVDA ended the week red (noted FB – upper orange – tumbled into the close on some new headlines)
Bank stocks bounced today but faded into the close…
The Dow bounced back above its Fib 38.2% retrace line today…
The S&P 500 held above its 200DMA once again but ios making lower highs…
Seriously though, if today’s spike in stocks wasn’t OPEX/Window-Dressing then we don’t know what is…
Treasury yields tumbled on the day with only the 2Y yield higher on the week…
The yield curve plunged on the week… with 2s30s hitting a 69 handle for the first time since Oct 2007
The Dollar Index was up on the week (lower today)…
Copper surged in the last 36 hours to end the week green but PMs and crude are lower…
Cryptos Carnaged this week… again…
We conclude with Mark Cudmore’s comments from before the open today:
The S&P 500 has yet to really break down — the longer it holds above the 200-day moving average, the bigger the crash will likely be when it happens.
WTI has again failed to hold above $65, forming a very ominous double top that must make the near- record net longs for WTI nervous. With U.S. output surging, and sliding commodities signaling a slowdown in demand for raw materials, the stars are aligning for a big, disinflationary step down by crude.
Treasury 10-year yields have had to be dragged down kicking-and-screamingbecause the Fed is sticking to its dots, but the latest capitulation of the term premium forewarns of a larger collapse in rates.
When they do, that will cast doubt on the Fed’s guidance and spread a fresh wave of disruption across assets that will start out in bonds, currently less volatile than FX and stocks relative to historical norms
So, rest up and enjoy those chocolates.
Bonus Chart: The Analogs remain…
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Pics Of The Day
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
End of the First Quarter
"Greater love hath no one than this: to lay down their life for their friends. You are my friends if you do what I command...
And this is my commandment— love one another."
John 15:13,17
Stocks managed to end the first quarter in very quiet trading with an afternoon rally. Oh, well done.
Gold, silver, and the US Dollar were largely unchanged.
Bloomberg says that the Treasury Yield curve is the flattest it has been since 2007. You don't see that every day. lol.
Federal Regulators decided not to challenge a lower court ruling that exempts Collateralized Loan Obligations (CLO) from the 'skin in the game' rule of Dodd-Frank.
Like a dog returns to its vomit, here we go again.
Speaking of which, there will be a Non-Farm Payrolls Report for March next Friday.
Need little - Want less - Love more.
Happy Easter.
Have a pleasant weekend.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Harvey Honored To Post Your Work Man !
https://www.silverdoctors.com/tag/harvey-organ/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Jesse http://jessescrossroadscafe.blogspot.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You GATA http://www.gata.org/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You Zero Hedge https://www.zerohedge.com/
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Thank You from MMgys The Love Network <3
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Thank You Goldseek http://news.goldseek.com/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
and Thank You All for Being With Us this Afternoon
Wishing You All a Very Nice Easter Weekend <3
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
.jpg)
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