Sunday, November 30, 2014

SUNDAY 11/30/14; Hong Kong Violence; Swiss Gold Referendum

At 8 AM EST (9 PM Hong Kong local time), the Hong Kong unrest intensifies as the student pro-democracy protestors march on government buildings intending to disrupt business before the Monday work week begins. The police are moving in to forcibly remove the demonstrators and the city is a powder keg ready to explode. Police and protestors are clashing. Police are beating protestors with batons. Demonstrators are throwing rocks and other objects at police. The Beijing communist leaders 








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 Aussie dollar drops to 0.8477 to a four-year low and the SPASX200 is selling off to begin the day. The dollar/yen remains elevated at 118.82 which should help the Nikkei Index remain elevated.

At 6:23 PM EST (7:23 AM Hong Kong), S&P -8. Dow -62. Nasdaq -15. The US Treasury yields are; 2-year 0.47%, 5-year 1.48%, 10-year 2.16%, 30-year 2.89%. WTIC oil is 64.24 under the 65 level for the first time since May 2010. Brent oil 68.45. Natty gas loses the four level to 3.97.

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