Gold

1

As Australia goes ex-growth so does the ASX

Dalian continues its recent pattern of firming at night and sagging during the day today: Big Iron is mixed: Big Gas is still stinky: Big Gold is up: Big Bubble is reeling: And Big Liar is as mendacious as usual as REA breaks out: As Australia goes ex-growth so does it’s share market. Avagoodweekend.

3

There’s gold in that thar Fed

From Macquarie: Fed still gold’s key risk and opportunity  The Fed remains the key risk and opportunity for gold. Raising rates despite low inflation, and promising far more hikes to come, seems bearish gold and in the short-term it is. But ultimately we believe the Fed will realise it can’t deliver –so rates will

8

As global stocks soar, ASX crumbles

Dalian is wandering aimlessly today: Big Iron is mostly up: Big Gas is burning: Big Gold is correcting: Big Bubble has had its run seemingly: Big Liar is soldiering on: And a bonus chart today, hope your enjoying Australian exceptionalism: If not, try the MB Fund launching July 1st with a 70% international equities allocation. Sign

13

Enjoy long weekend, buy a bank

That seems to be the depth of reasoning overtaking the share market today as banks soar. After all, nothing says buy banks more than a crashing global yield curve and an even more rapidly deteriorating local economy. Booya! Go figure. Meanwhile, Dalian is OK so far: Though Big Iron is not so good following overnight

3

Iron ore falls, miners pull a Costanza

Dalian is moderately ill today: But it’s Costanza day on the market, “do the opposite”: Perhaps it’s this tripe from CBA: “Rising seaborne and domestic Chinese supply and muted restocking demand help explain the recent slump in iron ore prices,” he says. “The higher prices that prevailed earlier this year likely reflected temporary factors, such

4

ASX bank bash resumes as yield curve breaks

Dalian has held some of Friday night’s gains but looks a bit shaky: Big Iron too: Big Gas is stinking it up with STO leading into the pit: Big Gold is shining: Big Debt is getting flogged again: As the yield curve flattens: That relationship is entirely clear: And Big Liar is soldiering on: While

37

Iron ore crashes, ASX jumps

Iron ore has re-opened in Dalian and immediately sunk to new correction lows, coking coal is down even harder: Big iron ore down a little but not enough. RIO’s coconut business is booming: Big Gas is down and STO is paying for its magnificent strategy of blackmailing the country: Big Gold plods on: The Big

4

CBA breaks, ASX next

No China today so the crapped out ASX is left to deflate all by itself. Big Iron ore is leading it with FMG approaching new post-correction lows: No real news today though the Platts China Steel Sentiment survey has cratered: The S&P Global Platts China Steel Sentiment Index slumped to 33.1 this month from 45.1 in April,

11

Ponzicoin could go to million or zero

Exactly right: And this: Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike. In fact, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now

9

Big Iron hysteria builds as miners move into coconuts

There really is no accounting for people. They are crazy. Dalian has lost some of its overnight gains today: But Big Iron hysteria is in full swing as miners move into selling coconuts. BHP is up, RIO is powering into its next boom and FMG surging another 5% even though it is giving away dirt at