After “Fat Finger” “Muppet” Crash, Goldman Says Gold Is Good Hedge For Equities

“Our commodity team’s view is gold at $1250/oz over 12 months as higher real rates from Fed tightening could put further pressure on gold, but this may be offset by 3 things”…

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Gold Flash Crashes, “Jubilant” Germans, And Bank Bailouts

Well, gold plunged $18 in seconds on surging volume (18k contracts in a one-minute window) for no apparent reason, falling from 1,253 to test 1,236, the 200-DMA at around 4 a.m. EST. That’s being chalked up to a “fat finger,” and the follow through for the dollar and yields was readily apparent, with Treasurys diving…

It’s Too Quiet: Except For China. And South Korea. And Collapsing Metals.

It’s Tuesday, and they’re voting in South Korea. There’s an annoying power vacuum over there at a precarious time. Here’s a deliberately deadpan rundown: Turns out the former president – Park Geun-hye – was bribing people and abusing her power and shit like that. She’s in jail and apparently is refusing to vote. So that’s fun. Turnout is…

“Will The Gold Sell-Off Continue?” Goldman Answers

The Heisenberg crowd is well aware of how we feel about gold. Although it might surprise you considering our generally skeptical outlook on markets and our enduring cynicism with regard to the fact that central banks have printed 18.5 trillion in paper liabilities trying to bid up the price on paper assets, we’re not sure why…