Today was a really busy today...so a treat (relatively speaking!) of not one but two wraps...
1. Central banks of the world unite...you have nothing to lose but potentially your gold in Libya (see here) and...your gold again in Belarus.
Well central banks start panic selling gold you know the end is near...
(So stay long gold).
2. S&P futures have moved >1% every single trading day in 2015 apparently. Got to keep an eye on volatility...
<15 interesting, >20 take profits?
“Nobody doubts that Syriza will win..question whether Syriza will be able to govern alone”- Thomas Geraskis head Athens-based Marc Pollsters
...and this graphic:
All of this ultimately unbalances the world (unless Europe does supply side reform).
5. And to finish with a few macro related quotes:
KURODA: THERE ARE NO TECHNICAL LIMITS ON MONETARY POLICY
WEIDMANN SAYS ECB'S QE PROGRAMME CONTAINS RISKS THAT SOLID FISCAL POLICY WILL BE NEGLECTED
SCHAEUBLE SAYS SOME PEOPLE COULD MISUNDERSTAND ECB DECISION AND BELIEVE STRUCTURAL REFORMS NOT AS URGENT