When Moody’s looks at an increasingly negative global sovereign debt picture and factors in the rise of political populism the result is concern. In a November 14 report titled “Negative Outlook As Low Growth, High Debt Limit Policy Options,”
European banks fear that proposed revisions will penalise them unfairly
not everyone is so bullish about the dollar. As Bloomberg reports, Amundi SA, said the greenback is unlikely to see sustainable growth in future over higher commodity prices and instability in the yuan.
The increasing political uncertainty across advanced economies is risking the stability of the euro zone, the ECB warned on Thursday.
The beating resumed today and will continue until the mood improves.
They are turning them into "securitized packages" that are marked as assets on their balance sheets rather than writing them down as non-performing loans.
If interest rate hikes, depreciation or devaluation of the currency, and controls on financial outflows are not viable options, what can a country’s central bank do when faced with accelerating capital flight?
Murray Nye, CEO of Winston Gold joins Elijah to discuss gold's trading action in the wake of the US Presidential Election. Were gold prices RIGGED to stop a Post-Trump Election […]
Larry Summers wrote in Washington Post that it is time to kill the $100 bill.......
In the 12 hours that followed the announcement, goldsmiths and jewellers alike opened their doors and accepted very large cash transactions.
In October the Russian central bank bought 1.4 million ounces of gold, which is the most it has bought since 1998.We think this buy was to hedge itself in the case of a Hillary Clinton administration
China is facing an uphill battle to maintain an orderly depreciation of the yuan as investors pile up bearish bets against the currency outside the mainland.
“The fact that there was some buying around that level shows we’re still in a deep correction within an uptrend, rather than a complete change in direction.”
Mark Mobius of Templeton EM Group said that purpose behind demonetisation move is noble. But this is not the way to go about it, he said, as the big corrupt guys will have got away. ..
IE sources said the government was keen to tax all unaccounted money deposited in bank accounts after it allowed the banned currency to be deposited in bank accounts during a 50-day window from November 10 to December 30.
These Are The Illegal Workarounds To India's "Cashless" Chaos. . It also explains why India was, until recently, the largest imported of gold in the world (at least until China's recent ascent to the top spot).
Today we highlight a number of areas of the gold market which claim to be transparent but which are in fact very secretive...
Mike's full 56-minute presentation from the 2016 Silver Summit is available here.
Technical analyst Clive Maund examines the immediate impacts of Donald Trump's presidential victory on the gold market, gold miners and the US dollar.
MASSIVE RAID ON GOLD AND SILVER BY THE CROOKED BANKERS...