JPMorgan manipuliert erneut im großen Stil den Rohstoff-Derivate-Markt

Aktuelles Update von Zerohedge mit großartigen Charts und Einblicken:

JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof

Submitted by Tyler Durden on 06/29/2015 20:55 -0400

• Citigroup
 
• None
 
• Precious Metals

For years there had been speculation, rumor and hearsay that JPM had cornered the US commodities market. Now, finally, we have documented proof.

* * *

Traditionally, we look at the OCC's Quarterly Bank Report on derivatives activities to see which was the largest bank in the US in terms of total notional derivative holdings. The reason being that like on frequent occasions in the past, we find some stunning  results, such asmost recently in January when we wrote that, for the first time, Citigroup had eclipsed JPM as the largest US bank in total derivatives, with just over $70 trillion compared to perennial megabank JPM's $65.3 trillion as of the third quarter of 2014, explaining also why Citigroup had drafted the Swaps push out language in the Omnibus Bill..

Link/Quelle: http://www.zerohedge.com/news/2015-06-29/jpm-just-cornered-commodity-derivative-market-and-time-we-have-proof

Big Picture: Globaler Schulden-Wahnsinn läuft ungebrochen weiter

Addicted to debt..

The Debt To GDP Ratio For The Entire World: 286%

By Michael T. SnyderMarket Overview - May 18, 2015 05:15AM GMT

Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet? And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that. If we took everything that the global economy produced this year and everything that the global economy produced next year and used it to pay all of this debt, it still would not be enough. According to a recent report put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“, the total amount of debt on our planet has grown from 142 trillion dollars at the end of 2007 to 199 trillion dollars today. This is the largest mountain of debt in the history of the world, and those numbers mean that we are in substantially worse condition than we were just prior to the last financial crisis..

Link: http://www.investing.com/analysis/the-debt-to-gdp-ratio-for-the-entire-world:-286-percent-252037

Quelle: zerohedge.com

Langfrist-Chart: Goldpreis vs. 10 Year Real Interest Rates

Informativer 12-Jahreschart von Zerohedge:

Quelle: zerohedge.com

Globale Verschuldung: Neun Länder mit Debt-To-GDP Ratio über 300%

Informative Aufstellung von Zerohedge über die aktuellen Debt-To-GDP Ratios weltweit:

Quelle: zerohedge.com

Big Picture: The Secret World of Gold

Dazu ein lesenswerter, aktueller Beitrag von Zerohedge, der auf einen brisanten Video-Beitrag eingeht:

The Secret World Of Gold

Submitted by Tyler Durden on 04/19/2014 21:22 -0400

In light of the Chinese demand we discussed earlier, the ongoing manipulation of 'rigged' markets everywhere, and rising geopolitical tensions (as the de-escalation continues), we thought it worth dusting off this excellent and wide-ranging look at the history and present of the barbarous relic, gathering many perspectives (pro and con) on gold..

Link: http://www.zerohedge.com/news/2014-04-19/secret-world-gold

Big Picture: The Real Price Of Gold Since 1791

Informative Grafik von Visualizing Economics:

Quelle: visualizingeconomics.com / zerohedge.com

Ultra-Long-term Charts: Rohstoffe und Gold von 1150-2013

Informative Langfrist-Charts von Zerohedge:

Quelle: zerohedge.com

 Quelle: zerohedge.com

Gold: Vergleich der globalen ETF-Holdings mit den COMEX Lagerbeständen

Update Januar 2014:

Quelle: zerohedge.com

Gold, COMEX/CRIMEX: Quote of the Day

Passende Quote von Eddie Morra (ZH) zum jüngsten Gold Sell-Off:

Quelle: zerohedge.com / Eddie_Mora_ZH Twitter Acc

Quelle: zerohedge.com

US ADP-Arbeitsmarktbericht: Immer mehr Arbeitslose fliegen aus den beschönigten Statistiken

Der wichtigste Fakt vom heutigen US ADP-Report auf der "dunklen Seite" der Medaille - abseits der medialen Manipulationen, Statistik-Fälschungen und der amüsanten Mainstream-Verzerrungen:

"..People Not In Labor Force Soar To Record 91.8 Million.."

Quelle: http://www.zerohedge.com/news/2014-01-10/people-not-labor-force-soar-record-918-million-participation-rate-plunges-1978-level

Quelle: zerohedge.com

Quelle: zerohedge.com

SGE: Ausgeliefertes Gold vs. globale Minenproduktion - Update

Gute Frage und ein weiterer Beweis in welcher krasser Form, sich der ETF/ETP-Papier- und Derivatemarkt in der Goldbranche vom physischen Markt abgekoppelt hat bzw. haben muss (vgl. Entwicklungen an der COMEX). Folgend noch ein weiterer prägnanter Chart, der die Situation an der SGE abbildet:

"..According to USGS China has mined 167t of Gold YTD, on the SGE 964t left the vaults YTD. Where do 797t come from..?"

Quelle: In Gold We Trust (KoosJansen) (twitter.com/KoosJansen)

Quote:

SGE: Ausgeliefertes Gold vs. globale Minenproduktion

Link: http://rohstoffaktien.blogspot.de/2013/06/shanghai-gold-exhange-ausgeliefiertes.html

SGE: Ausgeliefertes Gold vs. globale Minenproduktion

.. und ein weiterer sehr prägnanter Chart:

Quelle: zerohedge.com

Gold: Short-Quote an der COMEX steigt auf neues ATH

Seit Mitte 2012 haben sich die COMEX Gold Shorts (Optionen & Futures) nun mehr als verzehnfacht. In der Historie folgten auf solch hohe Short-Quoten früher oder später stets aggressive Short-Coverings, welche für ordentlichen Kaufdruck am ETF/ETP-Goldmarkt sorgten. Bis dato lässt sich jedoch nur feststellen, dass die Gold Shorts an der COMEX trotz des neuen ATH-Niveaus noch keine Anzeichen für einen Rückgang zeigen.

Quelle: zerohedge.com

Quote:

COMEX Gold Optionen & Futures: Short Positionen auf neuem ATH

Link: http://rohstoffaktien.blogspot.de/2013/05/comex-gold-optionen-futures-short.html

GSR vs. S&P 500: Starke Korrelation seit Herbst 2011

Dazu ein aktueller Beitrag von Zerohedge:

The Gold/Silver Canary In The Coalmine

Submitted by Tyler Durden on 05/21/2013 11:27 -0400

In general when equity prices are rising and credit spreads are tightening, the ratio of gold-to-silver prices falls as 'fear' ebbs away and confidence in a real economy returns as exemplified by the rise of risk assets. Twice before we have seen the anti-correlation of stocks and gold/silver flip to a highly correlated regime, and as Bloomberg's Chart of the Day notes, each time it suggested "stocks were due to snap". It seems a concerted push above and a 50x ratio (for gold-to-silver) tends to exhibit notably risk-off behavior. Currently, the S&P 500 and Gold-to-Silver ratio have been highly correlated since this last rally began in stocks and as HSBC's Charles Morris notes, this suggests a 'snap' in risk assets within six months..

Link: http://www.zerohedge.com/news/2013-05-21/goldsilver-canary-coalmine

Quelle: zerohedge.com

Gold - WGC Q1 2013 Trends Report: Physische vs. Papier-Nachfrage

Heute veröffentlichte das World Gold Council (WGC) den Gold Demand Trends Report für das 1. Quartal 2013. Ein starker Anstieg der physischen Nachfrage aus Asien steht einem massiven Einbruch am Derivatemarkt (ETFs/ETPs) gegenüber. Informatives Review mit prägnanten Charts, das hier zum Download bereit steht:

Quelle: WGC Q1 2013 Demand Trends Report (gold.org)

Quelle: zerohedge.com

COMEX Gold Optionen & Futures: Short Positionen auf neuem ATH

An der COMEX wird es langsam aber sicher heiß:

Speculator Gold Gross Shorts At All Time Highs

Submitted by Tyler Durden on 05/13/2013 14:22 -0400

Premia for gold bars (physical over paper) rallied to their highest since late-2008 according to SocGen, even as 'professional' investors look to position the exact other way. The combined short positions of futures and options speculators in COMEX gold is now at a record high for the third week (having surged from 4.3 million ounces in late September to a a stunning 13.9 million ounces short now. At the same time, Gold ETFs have only seen one in-flow day in the last 34 days. It seems investors are well-and-truly on one side of this boat - even as price continues to buck the supposed structural weakness..

Link: http://www.zerohedge.com/news/2013-05-13/speculator-gold-gross-shorts-all-time-highs

Quelle: zerohedge.com

Gold: Physische Nachfrage aus China läuft auf neues Rekordhoch

Dazu ein informativer Bericht inkl. aufschlussreichen Charts von Zerohedge:

Chinese Gold Imports Soar To Monthly Record On Insatiable Demand

Submitted by Tyler Durden on 05/08/2013 09:29 -0400

In what must be an inexplicable move to momentum-chasers everywhere, as gold continued to decline in price in March, and long before its targeted smash in April, China was not backing off its gold purchases of the yellow product. Quite the contrary: as export data released by the Hong Kong Census and Statistics Department overnight showed, Chinese gold imports in March exploded to an all time record high of 223.5 tons. This follows 97.1 tons in February, and brings the total imports for the first quarter of 2013, or 372 tons, on par with what China imported in the entire first half. It also means that since January 2012, China has imported an absolutely stunning 1,206 tons of gold. Putting this number in context, this is 20% more than the entire reporter official gold holdings of 1054 tons, and represents roughly half of the total 2500 tons of gold mined every year (a number which is set to decline as gold miners find current prices unsustainable and are forced to shut down production)..

Link: http://www.zerohedge.com/news/2013-05-08/chinese-gold-imports-soar-monthly-record-insatiable-demand

Quelle: zerohedge.com

Quelle: zerohedge.com

Disconnect zwischen physischem Goldmarkt und ETF-Markt: Update

Dazu ein aktueller Gastbeitrag auf Zerohedge:

Guest Post: Physical Gold vs. Paper Gold: The Ultimate Disconnect

Submitted by Tyler Durden on 04/23/2013 21:29 -0400 - Submitted by Bud Conrad of Casey Research

How can we explain gold dropping into the $1,300 level in less than a week?

Here are some of the factors:

• George Soros cut his fund holdings in the biggest gold ETF by 55% in the fourth quarter of 2012.
• He was not alone: the gold holdings of GLD have contracted all year, down about 12.2% at present.
• On April 9, the FOMC minutes were leaked a day early and revealed that some members were discussing slowing the Fed $85 billion per month buying of Treasuries and MBS. If the money stimulus might not last as long as thought before, the "printing" may not cause as much dollar debasement.
• On April 10, Goldman Sachs warned that gold could go lower and lowered its target price. It even recommended getting out of gold.
• COT Reports showed a decrease in the bullishness of large speculators this year (much more on this technical point below).
• The lackluster price movement since September 2011 fatigued some speculators and trend followers.
• Cyprus was rumored to need to sell some 400 million euros' worth of its gold to cover its bank bailouts. While small at only about 350,000 ounces, there was a fear that other weak European countries with too much debt and sizable gold holdings could be forced into the same action. Cyprus officials have denied the sale, so the question is still in debate, even though the market has already moved. Doug Casey believes that if weak European countries were forced to sell, the gold would mostly be absorbed by China and other sovereign Asian buyers, rather than flood the physical markets.

My opinion, looking at the list of items above, is that they are not big enough by themselves to have created such a large disruption in the gold market..

Link: http://www.zerohedge.com/news/2013-04-23/guest-post-physical-gold-vs-paper-gold-ultimate-disconnect

Quelle: zerohedge.com