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Given the continued rally in risk assets last week and the EURUSD breaking to a new reaction high we saw further safe haven selling in gold. With last week's reversal, gold failed at our highlighted key breakout level at $1692/1710. Objectively seen, the yellow metal remains in our described...

http://www.ebay.com.au/itm/140859403744?nma=true&si=MytBrbGV6VPTjwy9P7HSZUDQKqE%3D&rt=nc&_trksid=p4340.l2557&orig_cvip=true Is there something Im missing? Mcdonald has the unc 1972 20cents at about $22...

I forgot to add: of the $11.25 trillion FACE VALUE of the derivative contracts outstanding and deliverable any month, the actual profit/loss would be no more than 1% of that... so about $100 billion changes hands. Just any average day of stock market turnover. Derivatives are much safer now...

Lets take a more rational look at this. Of the 1.1 quadrillion $ of derivatives, I will make an educated guess that 90% of them are cash settled (ie: cannot claim physical delivery). I make this claim based on 6 years of working for a trading desk in an investment bank (which did include...

If you have USD you are exposed to US government bonds... If the USA defaults, your USD becomes pretty much worthless...

USD denominated bonds (regardless of issuer) or US government bonds specifically? Companies that have USD cash holdings will normally put them into US gov bonds, as they are the most liquid tradeable instrument... and it still has a positive yield. I imagine companies liek BHP, that do most of...

The Fibs in my chart above suggest that it will get beaten down to 31.59 and pause. If 31.59 holds, then a bounce up to 37.37 is the next target. Otherwise back to mid 26.

$35 is the 61.8% retracement level for the sell-off from the $48.50 peak. Pretty strong resistance, and a good technical sell level. I expect a bunch of ppl went short just shy of that, with stops just north of $35... wanna try and take them out? I would start buying at 34.80..

From our FX desk: SILVER - very choppy... margin stop loss run to from 34.10 to 33.60 low .. and next back to 33.95... liquidity very poor on this monday start...aud low 1.0414 Basically, margined futures longs were stopped out due to a margin call...

after each of the last 2 rounds of QE, silver rallied ~50%.. a bit to go yet

I wouldnt.. In the US they just took your gold in the 30s... In Russia, if you had gold (or anything of value, or had an education, or an opinion), they shot you - then took it

Would you trust Russia with your gold?

Using infltion to reduce debt only work if you have fixed rate debt. Variable loan rates will rise with rising inflation to compensate for the reduction in the real value of the loan.

Would you extend that to all commodities?

Well i can safely say i didnt push or vote for a carbon tax and would be happy as any of you to see it go... But if someone puts a 10oz bar in front of you and says: "Please take it (here is the receipt from the Perth mint guaranteeing it was legitimatley obtained)" - would you take it?

try this http://media.smh.com.au/business/company-reports/norges-bank-acquires-3-per-cent-stake-in-bhp-3592020.html

http://www.businessspectator.com.au/bs.nsf/Article/Norwegian-central-bank-buys-stake-in-BHP-pd20120829-XLUHE?opendocument&src=rss Now that is a vote of confidence

I should also mention that I work for one such international banking cartel... and I firmly beleive the structue of the carbon tax is full of s***... however, if money is there to be made on a government's stupidity, then we would be just as stupid if we didnt try and profit on it. :)

Quote from our chief economist today: "The pricing and stucture of the carbon tax was set up with no economic considerations at all and with one goal only - to make it as difficult as possible to reverse it by Abbot."

Of course Aus banks are into derivatives.. They are some of the largest market-makers in AUD interest-rate swaps, not to mention quite active in CDS markets, FX options, etc... NAB lost $300 million about 10 years ago when they had a rouge trader that sold loads of FX options.