U.S. Hegemony, Oil, and Precious Metals
The Underground Investor has an interesting interview concerning the Federal Reserve and the banks that own it, and how they have been controlling the world economy since 1913 using leveraged futures contracts on the oil, silver, and gold commodities markets in New York and London. The interview goes on to discuss how Europe, in concert with Russia and China could break Read more
Zero Hedge Feed- Frontrunning: February 7 February 7, 2012
- Fed's Record Setting Money Supply Splurge Spurs Gold's Rally February 7, 2012
- TWiSTeD DiCKeNS DaY 2012 February 7, 2012
- European Equities Underperforming Credit As Sovereigns Stable February 7, 2012
- As Falls Sarkozy, So Falls Europe: The Full Story Behind The Upcoming French Election February 7, 2012
- 24hr Gold Feed
- Greek Default & Eurozone Exit Closer Than You Think February 7, 2012
- Investors Returning To Undervalued Uranium Miners February 7, 2012
- Common Misconceptions About Gold February 7, 2012
- The Fed is Engineering Obamas Re-Election Campaign February 7, 2012
- Was Fridays Price Action in Gold Signaling a Top in the SP 500? February 7, 2012
24 Hr Gold Chart (CAD$)
- Gold Money Feed
- ‘Crunch time’ in Greek debt talks February 7, 2012
- QandA with Gregor Macdonald (Part 1 of 2) February 6, 2012
- Markets encouraged by new US jobs number February 6, 2012
- Indian gold demand declining February 6, 2012
- Is gold in a bubble? February 5, 2012
- OANDA Forex Blog
- EUR Pegged to be Lower? February 7, 2012Market surprises seem to be coming in three’s this morning. EUR is still in demand and is beginning to encroach on price tipping points that has more than a few weaker shorts worried. Last night, the RBA stuck to its guns and kept rates unchanged at +4.25%, resulting in the market being flat footed and the currency spiking to print 1.0815. Despite being clos […]
- Euro Could Survive Greece Exit February 7, 2012Yesterday, Greek Finance Minister Evangelos Venizelos said the negotiations in Athens were “so tough that as soon as one chapter closes another opens”. The negotiations will continue today, as Greek party leaders meet in the afternoon. Meanwhile, two of the largest Greek public-sector unions today began a strike in protest of the coming austerity program. Th […]
- Brazil Central Bank Intervenes to Ease Rally February 6, 2012The central bank of Brazil bought dollars in the forex spot market today in order to hold down the soaring value of the real, the Brazilian currency. So far this year, the real has appreciated by 8.5 percent, placing pressure on exporters. Economists attribute the rise of the Brazilian real to the inflow of capital. Oversees debt markets were tapped by Brazi […]
- Eurozone Recession Could Cut China’s Growth by 50% February 6, 2012The International Monetary Fund (IMF) said today that a recession in the Eurozone would likely reduce China’s actual growth by about 50 percent of the current projection. That would place China’s growth for 2012 at roughly 4 percent should the Eurozone crisis devolve into a recession. It is estimated that China needs to maintain yearly expansion in the range […]
- US Curve Flatter Despite a bid EUR February 6, 2012Even stronger domestic fundamental data cannot pressure US bond prices. Longer dated securities again have caught a bid on concerns that the Greek Prime minister has requested the country’s finance ministry to prepare a document on the implications of a Greek default. Earlier today Treasuries came under pressure as dealers prepared to take down +$72b of new […]
- Three Explanations for the ECB position on Greek Debt Restructuring February 6, 2012Joseph Stiglitz over at The Guardian writes three possible explanations for why the European Central Bank is pushing for a 50% voluntary cut, that will not be considered a “Credit Event” so no insurance will be paid out. 1. ECB knows/suspects that the affected banks have not bought insurance. 2. ECB fears that the lack of transparency could make an involun […]
- Loonie at the Mercy of Ivey February 6, 2012Update: Canadian Ivey PMI surprised expectations, printing 64.1 on a seasonally adjusted basis last month. The better than expected release may be a sign that the undelying economic trend is not as weak as a string of disappointing real indicators (employment and GDP) have suggested in recent weeks. The Canadian Government plans to issue a US dollar denomina […]
- Greek Public and Private sector plan strikes February 6, 2012The Greek political leaders are under significant pressure to reach an agreement on needed cutbacks on Monday to comply with demands from the European Union and International Monetary Fund to secure a second bailout worth €130 billion ($171 billion). After a meeting on Sunday, Mr. Papademos said that the political leaders agreed on some of the basic points o […]
- Greece Slides Closer to Default February 6, 2012Yet another deadline has passed without resulting in an agreement on the terms for establishing a new rescue package for Greece. The 130 billion euro ($170 billion) in emergency funding earmarked for Greece is contingent on the Greek government agreeing to, and abiding by, a program of severe spending cuts to address the country’s chronic overspending. Patie […]
- Aussie Retails Sales Falls February 6, 2012Australian retail sales unexpectedly declined in December, the first drop in six months, as consumers spent less at grocers and on dining out in an economy where employment growth stalled last year. Sales slipped 0.1 percent from a month earlier, when they rose a revised 0.1 percent, the Bureau of Statistics said in Sydney today. The result compares with the […]
- EUR Pegged to be Lower? February 7, 2012
