For all those following the relentless rise in the USD and assuming this is a great thing for global markets, here is a must read take from SocGen's Kit Juckes. * * * GOOD DOLLAR, BAD DOLLAR The ECB is buying more bonds than expected, and from longer maturities. ECB President Mario Draghi was almost scornful of concerns about the lack of burden-sharing in the event of losses. Equities rallied, [...]
Tag: central planning
Will Gold Be Part Of A New International Monetary System? – Koos Jansen
Anyone who has been paying attention to the global economy the past years can agree with me our central bankers have conducted miserable monetary policy and have taken the insufficient measures to fight crises. All major economies have embarked in printing unprecedented quantities of money, but the only thing they bought was time. Quantitative easing on such a scale is like kicking the can[...]
Panic At Davos After Swiss Move As Bank Runs Accelerate And Financial System Begins To Implode
Today a man who has been uncovering critical information for 25 years told King World News there is panic in the air at Davos as the shocking Swiss move has bolstered record attendance at a time when the bank runs in Europe are accelarating and the global financial system is beginning to implode. Eric King: “Steve, as you know there is going to be record attendance at the meeting in Davos and[...]
Boom: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds
"If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. Currently, the price of U.S. oil is sitting at $45.76 a barrel. It has fallen by more than 60 dollars a barrel since June. There is only one other time in history when we have seen anything like this happen before. That was in 2008, just prior to the worst[...]
Will China Be the Next Forex Peg to Break?
January 19, 2015 By Craig Stephen HONG KONG (MarketWatch) — The surprise move by Switzerland to scrap its currency ceiling against the euro last week is a reminder there can be unexpected collateral damage from central banks waging currency wars. As markets digest last week’s turmoil, expect focus to turn to other fault lines on the global currency map. Here China stands out, as like the[...]
The Fix is In: Why Gold Price Manipulation is Now a Global Effort – Rickards Commentary with Video
By James Rickards A lot of people think about gold as a percentage of total reserves. So countries have reserves. What percentage of your reserves consist of gold? For example, a lot of people are surprised to learn that the United States has 70 percent of its reserves in gold. China has about 1 percent of its reserves in gold. So people look at that and think that’s the imbalance. But[...]
Has A Loss Of Confidence After Yesterday’s Swiss Fiasco Started A Run On Gold?
With the price of gold and silver soaring, particularly in euro terms, many are beginning to wonder if a loss of confidence after yesterday's Swiss fiasco has started a run on gold? Whatever the case may be, the following piece takes a trip down the rabbit hole of government and central bank lies, manipulation, loss of confidence, and eventual panic. By John Hathaway January 16 (King World[...]
Swiss Abandon Peg to Euro – The Euro is Dead – Long Live the Swissy – Armstrong
January 15, 2015 The Swiss franc has risen by almost 30pc against the euro after the central bank shocked global markets by abandoning its long-standing peg to the euro imposed in 2011. The Swiss had no choice. They have been buying Euro at alarming amounts as smart money bet the Swiss would be far better at the end of the day than a Euro. As long as the Swiss was pegged to the Euro, the Swiss[...]
Market Expert Marc Faber: Gold Will Rally 30% in 2015 – Savvy Players Set for Huge Gains in Precious Metals
LONDON (MarketWatch) — Gold has absorbed its fair share of the commodities-market blows in recent years, but now is the time to move back into the precious metal, according to superbear Marc Faber. ‘[T]he only way to short [central banks] is to go long gold, silver and platinum. ... That’s something I will do.’ - Marc Faber “I’m positive [that] gold will go up substantially [in[...]
Gold And Silver Markets Now Set For Spectacular Surge
With gold trading near $1,240 and silver above $17, it now appears both of these markets are setting up for massive moves to the upside. Included in the piece below is a key illustration as well as an important first target for the upside advance in the price of gold. Below is top Citi analyst Tom Fitzpatrick's key chart showing the breakout in gold along with his commentary which includes an[...]