Havent seen gold riskies behave like this before.  Got to be a new low.  Option market calling it abit too bearish this time?

Illustration 1: Datta Phuge’s 3.3 kg gold shirt cost him US$250,000 … right before gold’s collapse …. Impeccable wrong timing ! Asianmacro had been busy slaughtering the pigs in the gold market.  That is… Continue reading →

Notice I am have silent about Gold ? Because I am long and wrong ! (not yet) Just to expose the facade of the entire global central banking system. Bitcoins rallied to a… Continue reading →

Did someone forget to call John again? Or did he made the wrong enemies for starting a fund to help rich customers “reduce the amount they owe to the US government”: John Paulson… Continue reading →

Dear all, Just wanted to share some thoughts on USDJPY .. 1.       Private bank customers positioning (I think this is a big driver recently) In the past 1 year or so, there has… Continue reading →

” MAS will maintain its policy of a modest and gradual appreciation of the S$NEER policy band.  There will be no change to the slope and width of the policy band, as well as the… Continue reading →

Now where was I then ? The 2 big headlines dominating the week has been Japan with mild comparisons to the 1998 crisis; and bird flu in China which is compared to the… Continue reading →

Move over BoJ, we have BoK tomorrow. What impressed me this week was Christine Lagarde coming out to praise Japan’s bond buying when during the G20 meeting in Feb this year, we had… Continue reading →

NEW ISSUE: HOTEL PROPERTIES LIMITED – SGD 7-YEAR SENIOR Issuer:                      Hotel Properties Limited Status:                      Senior, unsecured Rating:                      Unrated Issue / Issue Size:          [TBD] Format:                      Off the Issuer’s SGD800 million Multicurrency MTN Programme Tenor:                      … Continue reading →

The last count was over 60 traders of various products, predominantly NDFs and SGD, being suspended, subsequently fired, allowed to resign, reinstated back in their former roles or into a new role. People… Continue reading →