Loading ...Bonds and stocks have been halted trading ( to curtail continued downside)….
and the scum use this as an excuse to bash the PM’s lower…….
Japanese
SM futures in some trouble early
Oil up 1%. Everything else, not looking great.
PM’s down a little. Will be interesting to see what they do with them. Hope it’s not the usual.
Bitcoin, Ipso
ZH has an article out saying Bitcoin is crashing going into the Japan market open, Bitcoin is down 3%, just under $59K. Not sure I have up to date information, but the Euro appears to be in rally mode against the dollar as does the Yen.
Would love those folks selling Bitcoin to wade into pm’s. A little bit could go a long way.
Ipso – you may be right about Buffett, he’s selling big chunks too, not messing around. You mentioned the pawn shops and everyone selling. That does make sense, people are hurting out there. The local coin shops have plenty of inventory, folks here in the US should be trading stocks for pm’s. Hopefully they will pretty soon.
Likely good timing
Buffett Calls The Top: Berkshire Quietly Dumps Half Its Apple Shares Amid Unprecedented Selling Spree
When yesterday we said, when discussing Buffett’s ongoing liquidation of his Bank of America stake, that “Berkshire’s rising cash stockpiles merely reflect the firm’s inability to find deals in today’s overvalued and weak economic environment”, little did we know just how accurate that would be, because fast-forwarding just one day later we find that far from only dumping Bank of America, the 93-year-old Omaha billionaire had been busy quietly dumping his most iconic holding in an unprecedented selling spree that sent Berkshire’s cash pile soaring by a record $88 billion to an all time high $277 billion at the end of Q2.
