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First World Markets Shenanigans
slick
#121 Posted : Monday, March 23, 2020 8:48:42 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
FED NOW TO DO QE INFINITY.NO LIMITS TO HOW MUCH TO PURCHASE

Unlike in prior days where Fed was putting a cap on how much to purchase e.g stating 1 trillion in overnight repos,500 billion in term repos or 700 billion in QE,
now Fed has scrapped these limits and will have no limits in what it can buy.The Fed will buy whichever distressed asset class that is out there.Just create money from nothing and saddle the taxpayer with unpayable debt





Wow that's what banana republics do.Long term this wont end well but short term Dollar is King.The irony of these marketsLaughing out loudly Laughing out loudly

Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#122 Posted : Wednesday, March 25, 2020 6:20:28 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
ANOTHER DUBIOUS MILESTONE REACHED:US 1 AND 3 MONTH T-BILLS ARE NEGATIVE YIELDING



Wow for the world's reserve currency to have negative yielding debt is deflationary and destructive.The Fed has bought so many of these bills in its multi-trillion liquidity injections that yields have turned negative.Yes the Eurozone and Japan have had negative yielding bonds for years now but the Euro and Yen werent the reserve currency.Investors in Europe and Japan always knew and actually did flee into paltry but at least positive yielding US treasuries.Now that the short dated US t-bills are negative yielding,this is a whole new unchartered territory.One should expect even longer dated bonds to yield negative eventually then things really get thick.For investors to buy these bills knowing they are guaranteed a loss at maturity is nuts but nevertheless they are bought.

Would you buy a Kenyan t-bill that yields negative??
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#123 Posted : Wednesday, March 25, 2020 6:54:19 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
For all those in tears over their losses at the NSE,take comfort that the world's greatest investor ie Warren Buffet aka Oracle of Omaha,portfolio is also taking a massive beating as below



Though Buffet wasnt all in and had his biggest cash hoard position in his history ie over 120 billion so as to pick bargains when markets crash.Of course Buffet wont go hungry due to the losses in his portfolio but it shows most of us are in the same boat in this market decline
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
rwitre
#124 Posted : Wednesday, March 25, 2020 8:16:39 PM
Rank: Member


Joined: 3/8/2018
Posts: 406
Location: Nairobi
World’s Rich ‘Desperate’ for Gold With Metal in Short Supply

Source: Bloomberg

Quote:

The company (Swiss Gold Safe Ltd) usually helps customers buy gold, but governments have closed scores of businesses amid the crisis, making it increasingly difficult for people to get their hands on the physical product.

“It’s absolutely crazy what’s going on,” Karl said. “Right now, if somebody wants to buy gold, I wish them all the best in finding it. Most of the bullion dealers are closed.”
.
.
.
The pandemic is even creating a shortage for some of the most popular coins, such as the Krugerrand from South Africa and the Maple Leaf from Canada. That means people are now taking a no-frills approach when it comes to purchases.

“A buyer would have been fussy about the coins they want two months ago,” said Seamus Fahy, co-founder of Merrion Vaults, which holds gold in security facilities across the U.K. and Ireland. “Now they will buy anything they can get their hands on. They are desperate to get physical gold.”
Angelica _ann
#125 Posted : Wednesday, March 25, 2020 8:37:50 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,291
rwitre wrote:
World’s Rich ‘Desperate’ for Gold With Metal in Short Supply

Source: Bloomberg

Quote:

The company (Swiss Gold Safe Ltd) usually helps customers buy gold, but governments have closed scores of businesses amid the crisis, making it increasingly difficult for people to get their hands on the physical product.

“It’s absolutely crazy what’s going on,” Karl said. “Right now, if somebody wants to buy gold, I wish them all the best in finding it. Most of the bullion dealers are closed.”
.
.
.
The pandemic is even creating a shortage for some of the most popular coins, such as the Krugerrand from South Africa and the Maple Leaf from Canada. That means people are now taking a no-frills approach when it comes to purchases.

“A buyer would have been fussy about the coins they want two months ago,” said Seamus Fahy, co-founder of Merrion Vaults, which holds gold in security facilities across the U.K. and Ireland. “Now they will buy anything they can get their hands on. They are desperate to get physical gold.”


From another thread .......smile

lochaz-index wrote:
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.

These markets will kill people. The whipsaw action is unforgiving. Gold now trading above $1600 as most metals appreciate quick and fast taking advantage of slight dollar weakness.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
slick
#126 Posted : Wednesday, March 25, 2020 9:12:05 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
Angelica _ann wrote:
rwitre wrote:
World’s Rich ‘Desperate’ for Gold With Metal in Short Supply

Source: Bloomberg

Quote:

The company (Swiss Gold Safe Ltd) usually helps customers buy gold, but governments have closed scores of businesses amid the crisis, making it increasingly difficult for people to get their hands on the physical product.

“It’s absolutely crazy what’s going on,” Karl said. “Right now, if somebody wants to buy gold, I wish them all the best in finding it. Most of the bullion dealers are closed.”
.
.
.
The pandemic is even creating a shortage for some of the most popular coins, such as the Krugerrand from South Africa and the Maple Leaf from Canada. That means people are now taking a no-frills approach when it comes to purchases.

“A buyer would have been fussy about the coins they want two months ago,” said Seamus Fahy, co-founder of Merrion Vaults, which holds gold in security facilities across the U.K. and Ireland. “Now they will buy anything they can get their hands on. They are desperate to get physical gold.”


From another thread .......smile

lochaz-index wrote:
mnandii wrote:
TRADE IDEA


GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.

These markets will kill people. The whipsaw action is unforgiving. Gold now trading above $1600 as most metals appreciate quick and fast taking advantage of slight dollar weakness.



Yes.There is a shortage of physical gold and silver as the Comex futures markets for both metals got slammed by margin calls and bullion banks manipulation.Gold/Silver,as a safe heaven in times of distress and mad central bank money printing got sucked up in the liquidity crunch that affected all markets.Instead of continuing their rise as they did since August last year when fed started repo money printing and cutting rates,they got smashed as investors who were long gold were forced to sell to cover their margin calls in tanking general equities.Also,the bullion banks at the behest of central banks and governments continuously try to suppress the prices of gold/silver by issuing almost unlimited short contracts at the Comex and LBMA and smash prices by what gold bugs refer to as "Comex Dumps" where billions worth of paper gold/silver futures contracts are dumped in minutes to crash prices.Gold is a competitor monetary asset to the fiat system and the elites do not want to see a rise in gold as it displays a failure of their fiat system thus the price suppression scheme.Recently the bullion banks used the recent price decline in the futures markets to cover their record short positions.

The bullion banks have been caught rigging the metals prices and usually pay fines only for them to continue the charade.JP Morgan as the largest US commercial bank is the biggest rigger of prices at the Comex spoofing prices and dumping billions of futures contracts to push prices of especially silver downwards.









Yes the paper market for precious metals tanked but demand for physical sky rocketed.Bullion dealers and coin shops have been running out of stock as smart investors seeing the money printing frenzy of central banks rush to buy the metals as a hedge against inevitable inflation.The physical market prices have diverged from the paper Comex futures prices.At some point spot silver at the Comex was 11.75 last week but bullion dealers were selling silver at 22 or even 25 USD.No bullion dealer would sell at those ridiculously manipulated prices of spot + 2 USD premium.The mints also ran out of physical metal to manufacture into rounds and bars.

Smart investors are definitely rushing to get their hands on physical gold and silver as the end game of central banks just printing trillions out of thin air cant end well.Every fiat currency ever since ancient Greece has reverted to zero.Gold/Silver always reassert themselves once fiat money implodes and this time will be no different.
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#127 Posted : Friday, March 27, 2020 5:12:32 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
For those who follow global macro-economics and the current global markets especially with regards to the unravelling of asset markets,central bank actions printing trillions,the irony of US dollar rising when Fed pumping trillions of new money,gold and what may lie ahead,a good video discussing these events is linked below.



https://www.youtube.com/watch?v=blaySIwqJOY
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#128 Posted : Sunday, March 29, 2020 5:35:58 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
LARGEST BAILOUT IN US HISTORY 2.2 TRILLION.

Even more trillions to be added to the prior trillions printed in previous weeks



The companies that want the bailout that taxpayers will eventually incur the bill.They behave badly,squander their capital in stock buybacks and executive bonuses,over leverage and over gamble in risky derivative instuments then



Laughing out loudly Laughing out loudly Laughing out loudly
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
slick
#129 Posted : Monday, March 30, 2020 7:08:20 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
slick wrote:
LARGEST BAILOUT IN US HISTORY 2.2 TRILLION.

Even more trillions to be added to the prior trillions printed in previous weeks



The companies that want the bailout that taxpayers will eventually incur the bill.They behave badly,squander their capital in stock buybacks and executive bonuses,over leverage and over gamble in risky derivative instuments then



Laughing out loudly Laughing out loudly Laughing out loudly


Even Bloomberg is questioning the multi-trillion Fed money printing operations to buy all asset classes and that the cure could potentially be worse than the Covid-19 virus especially long term.Article offers an interesting read



https://www.bloomberg.co...eing-worse-than-disease

Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
amorphous
#130 Posted : Monday, March 30, 2020 7:45:20 PM
Rank: New-farer


Joined: 5/15/2019
Posts: 72
Location: planet earth
Investing in my bunker, brother.
It will be very warm, with a wood burning stove and enough unga to cook huge huuuge ugali every day.
Veggies close by kapsa. Beans too stocked up vilivyo.
All I need to do now is to convince wifey to quit the russian roulette rat race and join me.
G-20 will soon announce "new economic system"..a first since Bretton Woods.
Strange world we are living in, ndugu. Time to burn all my economics books Laughing out loudly
Be safe out there!
slick
#131 Posted : Monday, March 30, 2020 7:54:43 PM
Rank: Member


Joined: 6/1/2017
Posts: 175
amorphous wrote:
Investing in my bunker, brother.
It will be very warm, with a wood burning stove and enough unga to cook huge huuuge ugali every day.
Veggies close by kapsa. Beans too stocked up vilivyo.
All I need to do now is to convince wifey to quit the russian roulette rat race and join me.
G-20 will soon announce "new economic system"..a first since Bretton Woods.
Strange world we are living in, ndugu. Time to burn all my economics books Laughing out loudly
Be safe out there!


Yeah,the new monetary order is actually under discussion.Most possible choice is to have the IMF currency called Special Drawing Rights (SDR) replacing the USD as the next reserve currency.Dont think SDRs will work though since as its backed by the major fiat currencies ie U.S. Dollar,Euro, Chinese Yuan, Japanese Yen, and Pound Sterling and if these currencies continue being created in their trillions like they are doing now then the SDR is meaningless.

Best to get hard assets
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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