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<p>[QUOTE=&quot;Ainslie Bullion, post: 2215931, member: 75209&quot;]Last night typified the unprecedented financial market environment we find ourselves in.&nbsp; Courtesy of ZeroHedge the following charts tell a worrying story.&nbsp; Firstly the US market fell (and gold rose) on the news of the Empire Fed Manufacturing Survey plummeting to -14.92 (from 3.86 and versus expectations of 4.5).&nbsp; This is the lowest it’s been since the GFC and the biggest miss (surprise) since 2010.&nbsp; Critically too, the new orders component was at its second lowest since the GFC – important given consumption accounts for 70% of US GDP.</p><p><br /></p><p><img src="https://www.ainsliebullion.com.au/Portals/0/empire%20fed.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>But wait!&nbsp; Soon after the NAHB homebuilder figures were released, showing sentiment rose to 61 from 60.&nbsp; Hardly amazing and completely in line with expectations.&nbsp; So lets look at what the market did immediately after…</p><p><br /></p><p><img src="https://www.ainsliebullion.com.au/Portals/0/shares.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>That surge would be based on lots of people buying the dip on the positive news yeah?&nbsp; Nope – the chart below exemplifies the ‘unreal’ nature of today’s markets.&nbsp; That red is relative volume.&nbsp; Lots of red means little volume.&nbsp; The market rallied like that on a complete lack of volume of trades.&nbsp; Curious huh…&nbsp; ZeroHedge aptly describe it as LOLume.&nbsp; It would be funny if it weren’t so scary.</p><p><br /></p><p><img src="https://www.ainsliebullion.com.au/Portals/0/lolume.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>In an environment such as this, one should always listen to one’s ‘gut’.&nbsp; How long can markets based on ‘make believe’ last?&nbsp; Gold’s value is intrinsic… it is in and of itself courtesy of its rarity and lack of counterparty risk, and has been for thousands of years.&nbsp; Current critics say its days are gone.&nbsp; We have no doubt your ‘gut’/reality and history will prove otherwise.</p><p><br /></p><p>&nbsp;<span style="color: #ff0000">Your url for Weekly ..( removed) falls under self promotion. No more!</span> This ZeroHedge story <a href="http://www.zerohedge.com/news/2015-08-16/american-malls-meltdown-economic-recovery-complete-utter-fraud" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zerohedge.com/news/2015-08-16/american-malls-meltdown-economic-recovery-complete-utter-fraud" rel="nofollow">HERE</a> also gives a real insight into that ‘on the ground’ so to speak.[/QUOTE]</p><p><br /></p>

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