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Articles

Gold Jumps After China Reveals It Bought Another 19 Tons In July

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By Phoenix Capital., Tyler Durden, Latina Lover, Squiddly Diddly, Socratic Dog
| Zero Hedge
One month ago, when everyone suspected that the PBOC's dramatic, 57% jump in gold holdings after a 6 year silence, to a "record" 1658 tons would be a "one-and-done" event, meant to facilitate China's admission into the SDR, we disagreed. This is what we said: ...
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Q3 GDP Revised Above Highest Estimate, Prints 3.9%

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By Tyler Durden, Squiddly Diddly
| Zero Hedge
Just as the OECD cut US GDP further, here comes the BEA with an impressive first revision to the Q3 GDP, which succeeded in fixing all those things that were lacking in the first report which said GDP had grown 3.5% in the quarter.
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Summing It All Up In 1 Surreal Chart

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By Tyler Durden, Tim Knight from., Monty Burns, Infinite QE, Squiddly Diddly
| Zero Hedge
As you can see by this view of the NQ, this massively bullish news has not, as of yet, represented any kind of sea-change in the markets. Before the day was even out (again, in some, not all markets...
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