Economics

Why is Gold up nearly $60 this morning?

Thursday, February 11, 2016
By Paul Martin

By: Michael J. Kosares GoldSeek.com Thursday, 11 February 2016 t has something to do with Yellen’s not dovish enough Congressional testimony. It has something to do with global financial system problems associated with low interest rates. It also has something to do with emerging countries at the doorstep of penury. And last but not... »

The War on Cash is About to Go into Hyperdrive

Thursday, February 11, 2016
By Paul Martin

by Phoenix Capital Research ZeroHedge.com 02/11/2016 The global Central Banks have declared War on Cash. Historically, one of the safest things to do when the markets begin to collapse is to move a significant portion of your holdings to cash. As the old adage says, during times of deflation, “cash is king.” The notion... »

Banking Crisis Alert: China Bank Losses May Top 400% of Subprime Crisis, Deutsche Bank $55 Trillion Derivatives Bomb Is Set to Explode… Hedge Fund Managers: Some Banks May Drop To Zero.

Thursday, February 11, 2016
By Paul Martin

Investmentwatchblog.com February 11th, 2016 There was a story in the Yahoo Financial section yesterday about how Deutsche Bank was just fine, everything was great and they had enough capital to survive the end of the world… It brought to mind the spin the MSM tried to put on Lehman eight years ago…when they say,... »

The Most Ominous Warning That Oil Storage Is About To Overflow Has Arrived

Thursday, February 11, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 02/11/2016 It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut. “Even the highly adaptive US storage system appears to be reaching its limits,” we wrote, before plotting Cushing capacity versus inventory levels. We also... »

Euro PIIGS Starting To Squeal Again

Thursday, February 11, 2016
By Paul Martin

Via Dana Lyons’ Tumblr, ZeroHedge.com 02/11/2016 The stock markets of the so-called PIIGS are breaking down on an absolute and relative basis – not a positive development for global markets. The PIIGS are starting to squeal again in Europe. No, not the kind that produces pancetta or linquica or bangers. We are talking about... »

‘Acts of terror’: HSBC faces lawsuit over laundering of Mexican drug money…(And Nobody Goes To Jail!!)

Thursday, February 11, 2016
By Paul Martin

RT.com 11 Feb, 2016 The families of US citizens who were brutally murdered by Mexican drug cartels are suing HSBC, accusing the bank of allowing crime lords to launder billions of dollars and shatter lives in the process. The legal complaint, which was filed in a federal court in Texas, says HSBC’s material support... »

Lines Around the Block to Buy Gold in London…Banks Placing “Unusually Large Orders for Physical”

Thursday, February 11, 2016
By Paul Martin

SilverDoctors.com February 11, 2016 “It’s been crazy – it’s been the best week since 2012. We’ve had people queuing round the block…” Submitted by Michael Krieger, Liberty Blitzkrieg: First, let’s look at the improved fundamentals. Gold bugs will exasperatingly proclaim that fundamentals have been great for the past four years yet the price plunged... »

BNP Pulls Plug On US Energy Sector, Will Exit RBL Lending

Thursday, February 11, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 02/11/2016 Back in 2012, BNP Paribas exited the North American reserve-based lending market, when it sold its RBL unit to Wells in an effort to shore up its balance sheet amid the turmoil generated by the eurozone debt crisis. A little over two years later, in the fall of 2014,... »

It’s Not Just Deutsche Bank…

Thursday, February 11, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 02/11/2016 While broad-based contagion from Deustche Bank’s disintegration is clear in European, US, and Asian bank risk, there is another major financial institution whose counterparty risk concerns just went vertical… Credit Suisse… With the stock at 27-year lows, it appears investors are seriously questioning Chief Executive Officer Tidjane Thiam’s restructuring... »

3 Reasons Why this Gold Rally Is the Real Deal

Thursday, February 11, 2016
By Paul Martin

By: Frank E. Holmes, Chairman/CEO/CIO of U.S. Global Investors, Inc., GoldSeek.com Thursday, 11 February 2016 Gold prices peaked at $1,900 per ounce in September 2011. It was the end of a spectacular, decade-long bull market, during which the precious metal’s value increased a phenomenal 645 percent. Since then, gold has struggled to regain momentum... »

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