Select Page

Gold Nears 7 Year Highs As Stocks, Bonds Shrug Off Soaring Geopolitical Risk

Gold Nears 7 Year Highs As Stocks, Bonds Shrug Off Soaring Geopolitical Risk

After an ugly open last night in futures trading, the machines went on a buying spree lifting the majors back to unchanged. Notice the weakness at the Asia open and European open and buying panic at US open…

BTFWW3?

And why not – who would be worried by this?

https://platform.twitter.com/widgets.js

https://platform.twitter.com/widgets.js

So far in 2020, bonds and bullion are easily outperforming

Source: Bloomberg

Chinese stocks ended mixed overnight (with small cap, tech outperforming)…

Source: Bloomberg

Despite buying pressure all day, European markets could not get back to even…

Source: Bloomberg

In the US, Trannies underperformed, Nasdaq led, and The Dow, S&P, and Small Caps clung to unchangedish, pushing notably higher into the last few minutes…

 

AAPL had an ugly open, but once again was panic-bid back into the green to test $300…

 

And we note that AAPL and its volatility remain notably decoupled…

Source: Bloomberg

VIX and stocks remain decoupled but for the 4th day in a row, vol was clubbed like a baby seal intraday…

 

 

Source: Bloomberg

Treasury yields ended the day higher with the long-end underperforming (2Y +2bps, 30Y +4bps)

Source: Bloomberg

The 30Y Yield found support from a few weeks ago and bounced (still lower yield on the year)…

Source: Bloomberg

Similarly, the yield curve steepened off support, after flattening dramatically in the first two days of the year…

Source: Bloomberg

The dollar extended its decline from Friday’s highs…

Source: Bloomberg

Cryptos are higher after the weekend’s rising geopolitical tensions with Ripple soaring…

Source: Bloomberg

Bitcoin was up again – 4th day in a row, longest streak of gains since July – back above $7500…

Source: Bloomberg

Commodities were bid last night (crude and PMs) as mideast tensions rose but the US equity market open prompted selling…

Source: Bloomberg

Gold held on to its gains from the weekend’s headlines…

Pushing Spot Gold to its highest since April 2013…

Source: Bloomberg

But WTI Crude ended unchanged, giving back the risk premium…

 

Finally, while the dollar is clinging to support against its also-declining fiat friends, its is collapsing against gold…

Source: Bloomberg


Tyler Durden

Mon, 01/06/2020 – 16:00


This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

-> Click Here to Read the Original Article <-

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Welcome

Bringing together a variety of news and information from some of today’s most important libertarian thought leaders. All feeds are checked and refreshed every hour and pages auto-refresh every 15 minutes. External images are deleted after 30 days.

Time since last refresh: 0 second

Publish Your Own Article

Follow The Libertarian Hub

 

Support Our Work

Support the Libertarian Hub by tipping with Bitcoin!

Send BTC:
19PU2K7448gKxAvisR5cF6X5RquYfWu5vZ

Weekly Newsletter

Newsletter Signup

Subscribe to our newsletter to receive a weekly email report of the top five most popular articles on the Libertarian Hub!

Weekly Newsletter SignupTop 5 Stories of the Week

Subscribe to our newsletter to receive a weekly email report of the top five most popular articles on the Libertarian Hub!