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If BND Ever Does This Again, Beware29th of November, 2007 - bond market experiences a flash crash which is quickly bought up by the FED in an effort to prevent widespread debt defaults. Worked for a few months only for companies to begin defaulting anyway, probably through a series of realized margin or interest spike risks. This is what caused the financial markets to implode in 2008. Watch and study the bond market, it can tell you more about medium to long-term market direction than any other indicator.
NASDAQ:BND
by Derivati_Capital
3
$VALE Short after Dam Collapse Disaster "Short as Fuck"!!!...$VALE Short after Dam Collapse Disaster...!!! $VALE is at it again! This time its much worse Hundreds Dead Hundreds Injured & Missing Environmental Disaster of Epic Magnitude Vale Has Suspended Dividends Suspended Executive Bonuses 4 New Downgrades 38.50% Insider Owned 20.40% Institutional Owned 10% of the Total Shares Outstanding Have Rolled Over by Lunch Today, 56M Shares Traded out of 5.7B Outstanding...ohhhh yea baby! I'm getting SHORT as fuck! Vale could drop as low as 2016 levels around the $2 mark! Excellent short opportunity! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! !!!See you guys at the bottom!!! Bento Rodrigues Dam Disaster The Bento Rodrigues dam disaster occurred on 5 November 2015, when an iron ore tailings dam in Mariana, Minas Gerais, Brazil, suffered a catastrophic failure, resulting in flooding that destroyed the village of Bento Rodrigues and killed 19 people. The failure of the Bento Rodrigues dam has been described as the worst environmental disaster in Brazil's history. Around 60 million cubic meters of iron waste flowed into the Doce River, causing toxic brown mudflows to pollute the river and beaches near the mouth when they reached the Atlantic Ocean 17 days later. The disaster sparked a humanitarian crisis as hundreds were displaced and cities along the Doce River suffered water shortages. The total impact of the disaster, including the reason for failure and the environmental consequences, are officially under investigation and currently still unclear. The owner of the Bento Rodrigues dam, Samarco, was subject to extensive litigation and government sanctions. In 2016, charges of homicide were filed against 21 executives of Vale and BHP Billiton, the companies that own Samarco as a joint venture. Controversy over the investigation grew after a 2013 report, indicating structural issues in the dam, was leaked. Background The Fundão and Santarém tailings dams were constructed and owned by Samarco Mineração SA, a mining company, in Mariana, a municipality 67 kilometers (42 mi) south-east of Belo Horizonte, in the state of Minas Gerais, Brazil. The tailings dams were built by Samarco to accommodate the waste resulting from the extraction of iron ore taken from extensive Germano mine, located in the Mariana district of Santa Rita Durão. The Fundão dam was constructed in the hills near the village and subdistrict of Bento Rodrigues, located 14 kilometers (8.7 mi) north of Mariana city. Incident At approximately 3:30pm on 5 November 2015, the Fundão dam presented a leak. Immediately, a team of outsourced employees was sent to the scene, and they tried to mitigate the leak by deflating part of the reservoir. At around 4:20pm, a rupture occurred, releasing a large volume of toxic sludge into the Santarém river valley. Bento Rodrigues, which lies 2.5 kilometers (1.6 mi) away in the valley below the dam, was almost entirely flooded by the cascade of toxic water and mud. Other villages and districts in the Gualaxo river valley, also in the region of Mariana, suffered minor damage. Bento Rodrigues is only accessible by unpaved back roads. The incident rendered Bento Rodrigues completely inaccessible by road, hindering firefighters' rescue efforts. The only available method of transport into or out of the location was via helicopter. There was a school in the area where the flood occurred, and the teachers were able to remove the students before school. Samarco and the neighboring communities did not have a contingency plan or evacuation routes in the event of dam failure. Had such plans existed, residents may have been able to evacuate in a timely manner to more secure regions. Around 600 people were evacuated to Mariana, and troops of the Brazilian Armed Forces were deployed to assist. Impact Satellite images of Bento Rodrigues and the Germano mine before and after the disaster, displaying the flooding and pollution of the Doce River. An abandoned car caught in the mudslide amidst the ruins of Bento Rodrigues. Satellite image of the mouth of the Doce River in Linhares, Espírito Santo, when tailings reached the southern Atlantic Ocean. According to a United Nations report, the tailing slurry traveled 620 km downriver, eventually reaching the Atlantic Ocean. Nineteen people were killed, "Entire fish populations – at least 11 tons – were killed immediately when the slurry buried them or clogged their gills", and "the force of the mudflow destroyed 1 469 hectares of riparian forest." Contamination of Rio Doce At around 6:30pm on the day of 5 November, the tailings of iron ore reached the Rio Doce. The river basin has a drainage area of about 86,715 square kilometers, with 86% in Minas Gerais and Espírito Santo. In total, the river covers 230 municipalities that use its bed for subsistence. According to biologist and ecologist Andrew Ruschi, who studies marine biology at the Estação Biologia Marinha Augusto Ruschi in Santa Cruz, Espírito Santo, the waste will take at least decades to dilute to levels anywhere near previous levels. The waste also reached the hydroelectric power plant of Risoleta Neves in Santa Cruz do Escalvado within 100 kilometers of Mariana. According to the company that runs the power plant, its functioning has not been affected. On 9 November, the city of Governador Valadares stopped the water intakes due to the mud on the Rio Doce. The next day, a State of Public Calamity was decreed in response to the water shortage in the city. According to analyses carried out in the city, the mud contains greater than acceptable concentrations of heavy metals, substances harmful to health, such as arsenic, lead and mercury. There are concerns about contamination of the nearby Rio Gualaxo do Norte , a tributary of the Doce River, due to the toxic substances stored at the facility. Contamination of southern Atlantic ocean On 22 November, the waste reached the Atlantic Ocean. The toxic mud is spreading across the Espírito Santo coast, where cities closed down access to beaches. On 7 January 2016, the waste reached the southern Bahia littoral zone. Environmentalists who are monitoring the impact to the Abrolhos Marine National Park wildlife. The park is considered of vital importance to the Brazilian ecosystem since it hosts the greatest marine biodiversity in the whole southern Atlantic ocean. Aftermath & Investigation of the causes On the first quarter of November 2015, the Brazilian Chamber of Deputies and the state chambers of Minas Gerais and Espírito Santo each created a special commission to follow the case, and the actions taken. According to the press, many of the deputies that composed such commissions had received donations from Vale to finance their campaigns. Such donations, summing up to R$2.6 million are legal, and were reported by the then-candidates to the Brazilian Election Justice. However, critics argued that the deputies' participation was clearly biased. In January 2016, the leaking of internal documents from 14 months before the disaster revealed that Samarco had been warned about the possibility of the dam collapses. Joaquim Pimenta de Ávila, an engineer who was regarded as one of the foremost tailing dam engineers in Brazil, had been contracted by Samarco between 2008 and 2012 to design and oversee the construction of the Fundão dam. From 2013, Ávila was hired part-time as a consultant to inspect the dam, and a technical report he wrote from September 2014 lists severe structural problems on the dam (in the form of cracks) and measures to mitigate them, the main one being the construction of a buttress. Samarco claimed to have implemented all the recommendations from Ávila, and that the dam was in the process of being heightened when the landfill reached its maximum holding capacity and began to leak. However, Samarco failed to comment specifically about the buttress, and claims that it was never warned about the severity of the structural damages, nor about the imminence of a catastrophic failure. Sanctions to Samarco Samarco president Ricardo Vescovi & The Minas Gerais government suspended Samarco's activities immediately after the disaster. Next, the Brazilian government fined Samarco R$250 million (USD$66.3million) for the incident. The fine was preliminary and was expected to be increased if the two companies were found guilty of water pollution and damages. In January 2016, the Brazilian government and Samarco reached an agreement and a fine of R$20 billion (USD$4.8 billion) was issued. The penalty did not include compensation to people affected by the disaster, and the cost of recovering the polluted area. By July 2016, BHP had provisioned USD$2.3-2.5 billion for costs associated with the compensation deal being struck between Samarco's shareholders (BHP and Vale) and Brazilian federal, state and municipal authorities. Legal consequences Vale and BHP Billiton own Samarco as a joint venture, with each company possessing a 50% stake. As of 2018, these companies remain in negotiations with Brazilian authorities in efforts to settle out of court. In March 2016, Samarco agreed to pay USD$2.3 billion in compensation. Australia's ABC reported that Samarco and its joint venture partners would "establish a foundation to develop and execute environmental and socio-economic programs to restore the environment, local communities and social conditions of the affected areas." In June 2016, an AUD$8 billion civil suit which was reinstated by Brazil's Superior Court after the original agreement was suspended. BHP, along with its Samarco joint venture partner Vale, face a separate $58 billion suit lodged by federal prosecutors. In October 2016 it was reported that Brazilian prosecutors had filed manslaughter and environmental charges against 21 people including top executives of Samarco's owners: BHP Billiton, an Anglo-Australian multinational mining, metals and petroleum company headquartered in Melbourne, Australia and the world's largest mining company, and Vale SA, the third-largest mining company in the world and the Public Eye People's Worst Company award winner of 2012. In June 2018, Samarco, Vale and BHP signed a deal to drop a $7 billion lawsuit and allow two years for the companies to address the greater $58 billion suit seeking social, environmental and economic compensation. Class action suits In August 2018, BHP settled a class action suit in the USA for USD$50 million, with no admission of liability. At the same time, it was facing a class action suit in Australia related to the dam failure and losses incurred by shareholders following company disclosures to the market regarding the safety of the dam. The class action is expected to be one of the largest in Australian history, with 30,000 BHP shareholders involved, with a combined shareholding of 330,000 shares, valued at over AUD$10 billion (as of 5 November 2018). On 5 November 2018, SPG Law, a Liverpool-based law firm, issued a class action against the BHP Group for £5 billion, one of the largest in British legal history.
NYSE:VALEShort
by dipdizzywizzle
Are we headed on a 10 year BEAR market?Germany the 4th largest economy is about to go into a recession, UK collapsing on the face of the Brexit, France government at the edge of destruction, Italy is bankrupt, Greece is bankrupt, China could very well be in a recession as we speak, Venezuela is in turmoil, Honduras, Guatemala, Argentina and many other south American countries are bankrupt. The USA now showing signs of a weak economy. Is this the beginning of the next 10 year bear market?
SP:SPX
by TheKingOfAces
OIL - The Key Indicator to an Imminent Global RecessionEverything is linked to the price of oil. Our food, our phones, our computers, our clean water, our electricity, everything we use each day is dependant on oil. If oil prices were to pump due to a new peak (which is inevitable), the price of everything will climb. As a result, it will reach a point where we can't afford to consume the same amount of things, slowing down our industrial activity. 2008 was a crisis, meaning our governments managed to fix the issue on the short term. However, during that period, food industries were struggling, and famines happened in several countries. To solve this problem, they had no other choice than shutting down the price of oil to restart the machine. In 2014, thanks to our advanced technique of extraction, global production exceeded demand, and the price fell by itself. However cheap oil is becoming rarer and demand is not decreasing. We will see price climbing slowly at first, and like an exponential curve, will be able to very quickly climb up to new highs, and who knows what will happen then? How long are we going to be able to answer the demand that seems to be in a no-limit growth?
TVC:USOILEducation
by cyatophilum
Continued BTC/USD fall, facts, and suggestions. It's a volatile week. Our previous chart showed a continued collapse in the price of Bitcoin, yet, we're not close to being stable or safe. The entire cryptocurrency market must be restructured. The market needs a reset and these abandoned and dead coins need to vanish before cryptocurrency can even be considered to trade again. Get out, even if profits are small or slightly upside down. Its going to come in for a total reset. This market does not share the fundamentals of the past collapsing of Bitcoin. Back then, Bitcoin was on very few trading platforms and Bitcoin was essentially alone. Today, Bitcoin is listed in with the stock market, and is competing with over 2,068 other coins. Here are the facts: Bitcoin is not as safe as once described: Its been hacked, stolen, and manipulated. Bitcoin is not as fast as once promoted: It can take up to 72-hours in some cases for transfers. Bitcoin is not as cheap as compared to Forex transfers. Bitcoin is losing footing with companies that once accepted it as a form of payment. The cryptocurreny market is a bubble, it needs a massive restructuring. The bulk of the 2070 coins are abandoned, dead, or scams. They must be removed, de-listed to regain investor confidence. Get out, wait it out. No, we're not saying "hodl" we're saying sell and wait till there is some sort of reset of the cryptomarket. The dead coins must vanish because investors are over saturated with coins to invest in. When there is too much of something, it becomes worthless. This is true of any asset. Only precious metals are truly limited, thus can grow in value. Crypto can fork a million times, multiplied by the number of "limited" coins.. you can see how this "decentralized" cryptocurrency starts looking an awful lot like fiat currency. Infinite supply. Be smart, invest smart and see the signs. Original Chart
COINBASE:BTCUSD
by WorldEconomics
Bitcoin historical moment... Will it crash to $1500?><><><>< Click “Like” to support us and unlock more great content ><><><>< Since November 14, Bitcoin has been going through a massive selloff. In 6 days price declined by 32%, while hitting todays’ low at $4411. Price reached the lower trendline of the descending channel and almost tested the 78.6% Fibonacci support level at $4387. The Crash BTC/USD is facing yet another support level, which up until now has been rejected. However, the trend remains very bearish even further drop can be expected. If current support is broken, BTC could go lower, towards the $3k, or even $1.5k level. Potentially, such decline would result in a total loss of 92% since the all-time high. Considering the huge volatility within the cryptocurrency market such scenario can be expected. Trend clues But let's look at the upside potential in this bearish market. Current support is holding, and while price remains above, range trading or a correction to the upside should be expected. In our previous idea $4.8k support level has been mentioned, and it's yet to be seen whether the daily close is above or below it. If BTC/USD will close the day above $4.8k, probability of a range trading or a strong correction will become more likely. Positive scenario Talking above the positive scenario, it would probably take more time for the BTC to reverse, as next Fibonacci cycle indicating on October 2019, that is nearly a year from now. Yes, this is how long it could take for the uptrend to resume. Yet, cryptocurrency market can be very unpredictable and volatile. Considering that, one can assume the probability of a fast reversal, similar to what has happened to the Monero, back few years ago. The idea to the Monero reversal vs Bitcoin comparison can be found down below. Volatility is good The good thing is that the volatility has returned that is positive news for the overall cryptocurrency market. In strong declines such as this one, investors might see opportunities, thus more money will be poured in the cryptocurrency market. This, indeed, could be the reversal moment, but as has been said, it could take a long time before it happens. Bearish scenario Now let's observe the bearish scenario and potential bottom. Based on the Fibonacci time zone indicator, along with the extended descending channel, BTC/USD could go as low as $1500. But if Bitcoin will ever get to this price, it could be truly a long waited buying opportunity for institutional investors. Talking about the timeframe, price would ether move towards that level very slowly, or with the current volatility, could be reached within few weeks or even days! Risk taking Staying cautions and not taking risking big in this market, seems to be one of the optimal ways to go. Having said that, Bitcoin believers might be holding BTC even during big drops, and what’s more, they can even accumulate more. Only time will tell the true outcome, but in this idea, we are happy to share our vision of possible outcomes.
BITFINEX:BTCUSD
by CryptalDash
BRICS Custom Index forming new price channel (lower)Watch out below, folks. It appears recent support may not hold in my custom BRICS index as Emerging Markets appear to be under extreme pressures. Recent news out of China, Malaysia and Mexico could lead to a complete EM market collapse. Chinese capital markets are under extreme pressure right now and over $1 trillion in equity shares have been pledged to offset debt/loans. This may seem fine right now, but what if these share prices drop another 20~30%? What happens then? Malaysia is opening and aggressively targeting corruption and graft with the new Mahathir administration. The biggest target so far has been local Malay business leaders and China. Trust me, Mahathir will lock up, charge and possibly HANG some of these people for what they have done to sell out the Malaysian people and country. The news from this could be catastrophic for China. Imagine hundreds of billions (possibly multiple-trillions) being exposed as "shady deals" with the intent to make China look more prosperous over the past few years. Imagine how destructive it would be to find out that China has been dramatically cooking the books for the past 4+ years. Mexico, on the other hand, is very much like the wild, wild west right now. With the new Mexican President and a complete change in policies, no one really knows what is next. But what is likely is a truly epic reversal of core economic policies and what could be a dramatic destruction of people, property and future opportunities. BRICs?? Remember, how fast a brick falls when you drop it and how dangerous it really can be. Be very cautious.
INDEX:IBOVShort
by BradMatheny