HONG KONG

If China’s Big Mama’s are Buying Precious Metals, Why Aren’t YOU?

by John Galt July 17, 2016 21:45 ET The “Big Mothers” in China are buying gold in much larger quantities because they expect global instability and currency rate disruptions No, no, no, not that Big Mama, more like the women shopping here: The truth is astonishing as this story tonight from the South China Morning Post reveals: Hong Kong hits the jackpot as mainland China’s ‘Big mothers’ hoard gold amid troubled times Excerpt: Chinese customs data released last week showed imports from Hong Kong to the mainland increased in May mainly…


The Shellacking Continues as Britain is Just the Tip of the Real Estate Iceberg

by John Galt July 5, 2016 20:50 ET The absolutely bull whipping of investors in foreign real estate continued today as 2 more property funds in the United Kingdom froze redemptions after Standard Life started the ball rolling on July 4th. M&G became the third company to shut down redemptions from its property fund as it stated (via Bloomberg): “Investor redemptions in the fund have risen markedly because of the high levels of uncertainty in the U.K. commercial property market since the outcome of the European Union referendum. Redemptions have now…


MSCI will NOT Include China A-Shares in Emerging Market Index

by John Galt June 14, 2016 17:14 ET WOW! This will not help the Shanghai markets tonight and probably will cause massive tankage in Hong Kong also. Via CNBC: Key MSCI emerging markets index rejects Chinese mainland stocks, again MSCI on Tuesday said it would delay inclusion of the mainland-traded Chinese A shares in its key emerging market index. In a release, MSCI said investors needed more time to assess the effectiveness of the Qualified Foreign Institutional Investor program (QFII) investment quota allocation, capital mobility policy changes and the effectiveness of…


03.03 BREAKING NEWS: N. Korea Orders Nuclear Weapons ready for Immediate Use

by John Galt March 3, 2016 19:25 ET BREAKING IN THE LAST 20 MINUTES VIA YONHAP NEWS, SOUTH KOREA: N. Korean leader orders nuclear weapons to be made ready for use 2016/03/04 07:06 SEOUL, March 4 (Yonhap) — North Korean leader Kim Jong-un on Friday ordered the country’s nuclear weapons to be made ready for use at a moment’s notice. He also said the communist country will revise its military posture so it can be ready to carry out pre-emptive attacks, stressing that the current situation has become very precarious, according…


Chinese Central Bank fails to Stem Further Stock Carnage as Shanghai down 3.42%

by John Galt August 20, 2015 05:15 ET The PBOC is losing its mojo. Despite a now two week long effort to stem selling in the Shanghai SSE and by extension dissuade selling in Hong Kong of Chinese shares there, the equity markets continue to plummet with the Shanghai markets down 3.42% and Hong Kong Hang Seng’s index down almost 2%. Shanghai SSE: The rally in the morning failed as the lip service paid to the market failed to impress and the market ended down almost 130 points. Meanwhile in Hong…


07.27 Chinese Markets Implode as Shanghai SSE Crashes Over 8%

by John Galt July 27, 2015 05:20 ET (chart courtesy of YahooFinance) The 8.28% collapse in Shanghai shares caught many by surprise overnight as there was no indication at the open of the session that the Communist government was going to permit any major action in the trading. Then suddenly after the lunch time break, there was a sharp decisive sell off taking the market down almost 300 points in just a little over 2 hours. The paper wall to prevent selling appears to have collapsed and a retest of the…


07.09 Asian Market DeathWatch: Sweet and Sour Expectations

by John Galt July 8, 2015 19:25 ET Now that the Grexit crisis has been solved with a request for €50 billion over 3 years to pay back the €50 billion coming due this year, the concerns switch from the mad hacker, er technical glitch on the NYSE and over to Asian markets which have been anything but dull lately. New Zealand starts the party in a not so sweet way, down 1.07% at the open: (chart courtesy of Bloomberg.com) Stay tuned as news leaks out and futures start to move…


The Only Stock Market which Matters Tonight is Floundering Again

by John Galt July 6, 2015 22:05 ET If the Chinese equity markets poop the bed tonight and the coordinated intervention fails to prevent a 2% or larger decline we could see a major shift in global markets from correction to crash mode almost instantly. The attempted intervention to inject about $8.3 billion per day into the markets highlighted in the Tweet above, apparently has not helped as of the open in Shanghai tonight: (Chart courtesy of YahooFinance) Should there be another severe break overnight, like the initial market open, the…


Russia and Nicaragua sign Naval Basing/Visitation Agreement as New Canal Construction Begins

December 4, 2014 22:25 by John Galt While our country continues to consume itself on a Presidential Monarch inspired racial divide, the rest of the world is continuing to prepare for conflict with the United States of America. For example, it would appear that Russia now has a quasi-basing/visitation agreement with the Nicaraguan government, as they promised they would establish several months ago: Order of the Government of the Russian Federation of 27.11.2014 № 2386-r “On signing the Agreement between the Government of the Russian Federation and the Government of the…


03.04 Overnight Thread for Asian Stock Markets: Urkainidoom or Dead Putin Bounce?

  by John Galt March 3, 2014 22:45 ET I’ll keep it simple tonight. The charts below reflect the insanity of bankster manipulated markets looking for a parking place for their fiat bullcrap currencies. I can clue you in that Europe and Russia are not their first choices for creating a faux rally. One thing for sure, if people believe Obama and the US politicians on television, well, nothing will happen beyond the emperor using his pen and his phone. The markets will predict the real outcome. First up, Japan’s Nikkei…


Egypt on Fire, Iraq bombed, Oil over $102, and Asian Markets are Dropping 1%+ Again

  by John Galt July 2, 2013 22:20 ET Egypt is on fire, over 50 killed in bombings in Iraq, U.S. foreign policy is focused on a 29 year old hacker while Syrians die by the hundreds, oil soars over $102 per barrel so of course, Asian markets are dropping hints about the turmoil and tumult about to hit the U.S. markets during a short day of trading tomorrow. All quotes are from Yahoo Finance and delayed 15 minutes and actively update until the close of trading. Australia: Japan: Hong Kong:…


Human Case of H5N1 Bird Flu in Hong Kong

  by John Galt June 3, 2012 10:45 ET   And as if the world doesn’t have enough on its plate tonight, let’s raise the ante with this story from the Hong Kong Standard which should reassure everyone who has to travel to China, Hong Kong, or Macau:   Bird flu boy spends 5 days in ward after wrong call   The story by Mary Ann Benitez exhibits the joys of government health care along with the blissful deniability of communist efficiency. Check out this portion of the story demonstrating that…



10/20 Asian Markets Overnight: A Bad Chop Suey for all

By John Galt October 19, 2011 – 22:25 ET Wow. Not a good news to be long Hong Kong or in the Shanghai markets tonight. Is this the start of the technical breakdown of all the equity markets in Asia or just another tease until Europe drops the big one on the world? Stay tuned. First from Yahoo Finance, here are the charts which update themselves from Hong Kong: And from Shanghai: Stay tuned as the next two weeks could get rather interesting.



Think the Crisis is over? Hong Kong is worried about another “Lehman Brothers-type debacle”

By John Galt August 28, 2011 – 22:00 ET I for one, do not blame them in the least. Despite reports earlier tonight of two Greek banks merging to “strengthen” the system there, the fears of a potential Lehman Brothers style event are rampant among the insiders of the world financial elites. The nation of Hong Kong which suffered greatly during the Asian Tiger crisis of the 1990’s created a system where sensitivities to foreign bank issues and investment in region requires extra monitoring by the authorities. Thus when this story…


Is this the sign that Hong Kong’s Real Estate Bubble is about to burst?

By John Galt August 14, 2011 – 22:55 ET The story seems eerily familiar to me, as when the Florida real estate bubble began to burst, people walked away from contracts even if it mean sacrificing deposits and rightfully offered the primary reason for abandoning their commitment was that they felt the top was in and would wait for the price correction to finish before re-entering the market. Numerous condominium complexes and subdivisions were left on the drawing board leaving vacant lots everywhere or worse, partially constructed shells littering our coastlines…


No Picture

News that will be ignored by the MSM: Another Riot in China

By John Galt June 13, 2011 From Reuters this morning: Police use tear gas to quell riot in southern China The importance of this is not that it was reported but that a riot occurred at all. It would appear that the long simmering conflict between the numerous manufacturers with the migrant workers from the interior of China has gone into a full boil. The key statement from the article: The rioters smashed windows, set fire to government buildings and overturned police vehicles, bringing to a climax anger over security guards…


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