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- Goldman Explains Why The Market Has Gotten Ahead Of Itself In Its European Optimism Again February 8, 2012
- The ECB's Scary Carry Trade, Or How The ECB Will Forego Greek Bond... PROFITS? February 8, 2012
- Frontrunning: February 8 February 8, 2012
- Ter·ror·ist (Noun): Anyone Who Disagrees with the Government February 8, 2012
- Three Charts That Confirm Greece's Death Even After Restructuring February 8, 2012
- 24hr Gold Feed
- Facebook IPO Hubris a Sad Commentary on America February 8, 2012
- Romanians Protest Gold Mine February 8, 2012
- Gold may be a better investment than a pension for retirement? February 8, 2012
- Gold is up 10% on India, Iran, China rumours February 8, 2012
- Syrians buy up gold as currency plunges February 8, 2012
24 Hr Gold Chart (CAD$)
- Gold Money Feed
- Bernanke speaks, gold rises February 8, 2012
- Untitled February 7, 2012
- Untitled February 7, 2012
- QandA with Gregor Macdonald (Part 2 of 2) February 7, 2012
- ‘Crunch time’ in Greek debt talks February 7, 2012
- OANDA Forex Blog
- No EURO Freeze just Squeeze February 8, 2012A Greek deal is almost here again, maybe tomorrow or Friday or next week! It’s like dealing with an adolescent teen and their irreverent actions. Accountability and big picture politics do not seem to be included in the Greek decision process, otherwise there would be a greater sense of urgency and unity rather than domestic discord and non decisions. Despit […]
- Greeks Trying Again to Seal an Austerity Deal February 8, 2012One deadline after another has come and gone. A meeting that had already been delayed on Monday night was postponed again on Tuesday evening as the leaders of the Greek coalition parties said they had not seen the document outlining the austerity deal. Meanwhile, a general strike by public- and private-sector unions shut banks, slowed public transport, close […]
- SNB to Intervene in the Currency Market February 7, 2012The Swiss National Bank (SNB) will enforce its minimum rate of 1.2 Swiss francs per euro and is ready to buy unlimited amounts of foreign currency in any global interbank market, said interim president Thomas Jordan on Tuesday. The SNB introduced the 1.2 francs-per-euro cap in September to stem the Swiss currency appreciation in an effort to relieve the pres […]
- Indian Growths Slows Down February 7, 2012India’s economy will grow at its slowest rate in three years in the fiscal year ending in March, according to an outlook released on Tuesday by the government’s central statistics office. The office revised its estimate for GDP growth for the year to 6.9 per cent. If the number is confirmed, it will mark a strong decline from last year’s 8.4 per cent. Indust […]
- 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 […]
- No EURO Freeze just Squeeze February 8, 2012
