Archive for the ‘Currency’ Category

This Is What Gold Does In A Currency Crisis, Euro Edition

January 27th, 2015

Gold Euro BarJohn Rubino:  Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically. Read more…

Currency, Currency Wars, Europe, Gold

Global Geopolitics And The Oil Price Plunge

January 27th, 2015

Global GeopoliticsAndrew Topf:  In a documentary that aired recently on the Canadian Broadcasting Corporation’s popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing up in a shabby St. Petersburg apartment, where he would often corner rats. Read more…

Currency, Economy, Russia, World News

From Inside Moscow: Gold During The Crisis

January 27th, 2015

RussiaLouis James:  Editor’s Note: Dmitriy Balkovskiy is a Russian coin dealer in Moscow we’ve interviewed before. Since the ruble’s crash, he’s witnessed some interesting developments in his country, so we asked him for an update. Read more…

Currency, Economy, Gold, Russia, Silver, World News

Syriza, ‘Radical Leftists’ Win In Greece, Is This The Beginning Of The End For The Eurozone?

January 26th, 2015

Euro Doom FlagMichael Snyder:  Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase.  Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting.  The current governing party, New Democracy, only has 28 percent of the vote.  Syriza leader Alexis Tsipras is promising to Read more…

Banking, Currency, Economy, Europe, Government

Around The Foreign Exchange Markets With Charts

January 26th, 2015

CurrencyEdge Trader Plus:  There has been some discussion about how the Swiss National Bank breakaway from the 1.20 peg to the Euro was a shot to the upside for gold.  It appeared to us that the rally may have been sparked a few days ahead of the announcement, and last week’s mostly sideways aftermath was the froth on the rally.  It may continue, but the narrower Read more…

Banking, Currency, Currency Wars, Europe, Gold, Investing, Russia, Silver

The U.S. Dollar And Aircraft Carriers

January 24th, 2015

globe world finance:  It’s funny how things change when the world takes a turn for the worst.

Frackers that initially looked like the next revolution in energy and U.S. oil independence suddenly look bankrupt and uncompetitive when oil prices fall from $115 to $44.

In 2008, junk bond yields spiked from 7.5% to 23.5% as solvent bonds suddenly look Read more…

Bonds, Crude Oil, Currency, Economy, Investing, Military and Police

Central Banks All Over The Globe Begin To Repatriate Gold Due To Increased Concerns Of Global Financial Crisis

January 23rd, 2015

Global-Financial-CrisisJeff D. Opdyke:  The great gold repatriation has begun…

Germany’s Bundesbank announced that the country repatriated 85 tons of gold from New York in 2014, far surpassing its previous estimates of 30 to 50 tons — and laying to waste Read more…

Banking, Currency, Economy, ETF, Gold, Precious Metals, Silver, Today's Top News, World News

Investor implications of QE by the ECB

January 22nd, 2015

European-Central-BankAxel Merk: Is European Central Bank (ECB) head Draghi’s determination to purchase government bonds turning Europe into a banana republic? What are the implications not only for the euro and U.S. dollar, but gold, stocks and bonds? Our analysis shows that conventional wisdom may be proven wrong in more than one way. Read more…

Banking, Bonds, Currency, Europe, Inflation/Deflation, Stocks, World News

Gold And Silver: Was The Swiss National Bank “Unpegging” From The Euro Enough For A Change?

January 22nd, 2015

Silver and GoldEdge Trader Plus:  It would seem that last week’s rally in gold was Swiss National Bank-driven, plain and
simple.  It is difficult to get a handle on the ramifications of what just happened with the
Swiss “unpegging” from the Euro.  It was becoming prohibitively expensive for the SNB
to keep buying Euros and trashing their own Read more…

Currency, Economy, Gold, Investing, Silver

EU Announces Quantitative Easing Program, Swiss National Bank Throws In The Towel

January 17th, 2015

Swiss-FrancsMichael Snyder:  Central banks lie.  That is what they do.  Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”.  But on Thursday, the central bank shocked the financial world by abruptly abandoning it.  More than three Read more…

Banking, Currency, Economy, Europe, World News

Game Of Stones: China’s Global Gold Supply

January 15th, 2015

Gold ChinaJames Stafford:  China has a 4-way global gold supply domination strategy. And it’s starting to corner the market.

First, China buys physical gold in world markets, fabricates it where necessary into “good delivery” bars – in Switzerland or the Middle East – then ships the bullion, transparently through Hong Kong or Shanghai (or quietly through Beijing and other ports of entry). Read more…

China, Currency, Gold, Mining, Precious Metals, Silver, World News

Is The World Ready To Move Away From The Dollar Based Monetary System?

January 14th, 2015

world-on-fireMac Salvo:  With the debt obligations of the United States at over $118 trillion dollars, it has become obvious that the collapse of our economic powerhouse, starting with the U.S. dollar, is a foregone conclusion. While it’s impossible to predict when such an event will occur or what the final trigger will be, at this point it won’t take much to send the whole Read more…

Currency, Economy, Government, Today's Top News, World News

Big Picture Views

January 14th, 2015

Stock Market WatchGary Tanashian:  With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture.  Here are views on various markets (with limited commentary) Read more…

Banking, Currency, Emerging Markets, Gold, Investing, Precious Metals

Are you Ready For A Bumpy Ride In 2015?

January 13th, 2015

bumpyroadsChris Puplava: While higher stock prices are often cited as the biggest beneficiary of the Fed’s several rounds of quantitative easing (QE), a lesser cited beneficiary has been overall market volatility and the credit markets. With each round of QE and/or “Operation Twist” we’ve seen measures of financial Read more…

Banking, Currency, Economy, Investing, Markets, Stocks

US Dollar Remains On Life Support; Its Days Are Numbered

January 12th, 2015

Dollar worm holeJeff D. Opdyke:  Below is, perhaps, the single greatest chart in the history of the U.S. dollar. To stock market technicians, that’s the mother of all “descending wedge” patterns. It’s the U.S. Dollar Index, as measured and reported monthly by the Treasury Department, going back more than four decades. Where our buck goes from here will say Read more…

Currency, Economy, Europe, Investing, Today's Top News

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