Day: December 28, 2024

China has officially announced the discovery of the world’s largest gold deposit.This discovery has more than doubled the country’s untapped gold reserves. China already accounts for 10.6% of the world’s annual gold production, putting it ahead of Australia and Russia, which each have a 10.3% share.

The newly discovered gold deposit contains dozens of veins and large reserves in deeper layers. It is expected that the deposit will provide over 1,000 tons of gold worth $83 billion. submitted by /u/glira31 [link] [comments]

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The New York Times: “Putin apologizes but does not take responsibility for the plane crash in Kazakhstan… Putin did not explicitly acknowledge Russia’s responsibility for the crash…”.

Source – The New York Times In a normal world, with normal people, Putin would have called Aliyev like, “Ilham Heydarovich, I apologize for the mess my incompetent fools made. Tell us how much, we’ll pay, compensate, the Ministry of Defense issues a formal apology, AZAL gets privileges at Russian airports, and the incident is considered resolved.” But no, they persist, and the Azerbaijanis are furious. Russia is steadily and stubbornly digging its own grave – for its people and its economy. Russia is about to completely lose the Caucasus. Their ignorance and inability to learn will bury them. submitted by /u/XGramatik [link] [comments]

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TKL: China’s economy is rapidly slowing. While treasury yields in the United States hit new 7-month highs, China’s 10-year yield just hit a new RECORD low. In fact, China’s 10-year government bond yield has now HALVED since January 2024. What is happening in China?

China’s $11 trillion government bond market has moved into uncharted territory. As their government rolls out widespread stimulus, yields are hitting record lows. The gap between yields in Japan and China are now at a record low of just ~70 basis points. China is in trouble. https://preview.redd.it/dbwb6a4a1m9e1.png?width=900&format=png&auto=webp&s=3c370cba72dfe2823e0e49dfe646e8de31453253 Meanwhile, yields in the US are skyrocketing with the 10-year now nearing 5.00%. The spread between China and the United States’ 10-year yield just hit a record 294 basis points. Never in history has the spread been even remotely this large, with the average at ~100 bps. https://preview.redd.it/zhhd0b6d1m9e1.png?width=900&format=png&auto=webp&s=672bf1d8d4b0668c7d6849b31febda4c8ab53ac5 Multiple indicators show a general slowdown of China’s economy contributing to these moves. Increases in both industrial production and consumption have slowed significantly. In fact, retail sales growth is now at ~2% and on track to hit the lowest since the pandemic. https://preview.redd.it/9djytswi1m9e1.png?width=640&format=png&auto=webp&s=32858b4b214c68108c498367f6b04d5451e773ea Simultaneously, China’s central bank is buying gold like never before. China’s gold holdings rose to 72.96 million fine troy ounces at the end of November. They now hold $193 BILLION worth of gold in reserves and continue to buy even as gold prices hit record highs. https://preview.redd.it/8lj8vham1m9e1.png?width=640&format=png&auto=webp&s=4407c5bbfe02769bc9468ad1066f3a7c3349e7b0 On September 26, China began its largest stimulus since 2020: Cutting reserve requirements by 0.5% Cut 7-day RRP rate by 0.2% Lowering mortgage rates Injecting $142 billion into banks Implement “forceful” rate cuts Still, the economy is experiencing deflation. Since 2008, China’s Debt-to-GDP ratio has more than doubled to 366%. This is TRIPLE the Debt-to-GDP ratio seen in the United States. Combine this with incoming tariffs in 2025 and China’s economy is in need of a major restructuring. Recent stimulus has not been enough. https://preview.redd.it/411g8jwr1m9e1.png?width=680&format=png&auto=webp&s=7df331d7459d1ec12af59ac1c54cf0916551fee5 Currently, China is facing its longest period of DEFLATION since 1999. Not even 2008 came with 5 straight quarters of deflation, as we are seeing now. While everyone is fighting inflation, China is dealing with severe deflation. This is arguably even worse than inflation. https://preview.redd.it/iqud5rxu1m9e1.png?width=643&format=png&auto=webp&s=dbda26deca1ffe738be4c05cc971dac2aca3f4f7 Furthermore, China’s oil demand has collapsed. China’s crude oil imports declined by 3.4% in the first 10 months of 2024, the largest drop since the pandemic. China has effectively reduced their crude oil imports by 411,000 barrels PER DAY. Oil producers are panicking. https://preview.redd.it/3945apby1m9e1.png?width=673&format=png&auto=webp&s=b973172b8b5e130eb3d739421c032825778b9664 The wildcard for China in 2025 is President Trump’s tariff policies. Electric vehicles have become a hot topic as China now controls 39% of the global auto market. Tariffs could send China into a recession. https://preview.redd.it/48ajnps12m9e1.png?width=680&format=png&auto=webp&s=d7e52b5e7fa2454da9449fdaa03e3a3a1cb2d03f submitted by /u/XGramatik [link] [comments]

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InvestorPlace: Start the year right

https://preview.redd.it/i8hu2kxmml9e1.png?width=900&format=png&auto=webp&s=9a69a8639cb9147fe31447f50ff77eb9d42f3667 Take Netflix (NFLX), for example. The popular streaming stock tends to climb dramatically starting in January. But why is January to April such a great time for NFLX? Maybe it’s the earnings report… although those have been a mixed bag the past few years. Or perhaps Netflix has been releasing hot new shows early in the year. We can’t always say why, and the why doesn’t necessarily matter. Instead, we can simply recognize that the stock price has risen 19%, on average, between Jan. 16 and April 5 during the past 15 years, and draw our own conclusions about NFLX. submitted by /u/FXgram_ [link] [comments]

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