Minsk Summit Highlights A Shaky NATO Union – Russia Is Far From Isolated – Merkel and Hollande to attend peace talks in Belarus to resolve Ukraine’s civil war today – US and UK not invited – Germany and US present…
Syriza Defies Technocrats, US Pressure EU to Accommodate Greece, Greeks Buy Gold – Tsipras to push ahead with counter-reforms “in their entirety” – Dijsselbloem tells Syriza it must comply with Troika this week or have funding cut from February 28th…
Trade Data show China’s Credit Bubble is Bursting, Investors Pull Cash out of China – Global Depression Ahead? – Chinese imports, primarily of raw materials, crashed 19.9% in January – Exports fall 3.3% against expectations of 6.3% rise – Total…
Currency Wars – Russia and Netherlands Buy 30 Tonnes Gold In December Russia and surprisingly the Netherlands were the largest central bank buyers in December – accumulating a significant 30.34 tonnes between them as currency wars intensify. Demand for gold…
Currency Wars – Russia and Netherlands Buy 30 Tonnes Gold In December Russia and surprisingly the Netherlands were the largest central bank buyers in December – accumulating a significant 30.34 tonnes between them as currency wars intensify. Demand for gold…
Euro Gold Surges To EUR 1,168 After Greek Election Landslide The crushing victory of the Greek opposition party Syriza in yesterday’s Greek elections has added to jitters in already jittery financial and foreign exchange markets. The euro tumbled and gold…
Gold Surges As ECB To Print Trillion Euros and ‘Grexit’ Election Sunday Stocks, bonds and precious metals surged yesterday as markets cheered the latest wave of money printing on a grand scale. Gold surged 3 per cent in euro terms…
ECB To Print Trillion Euros – Gold Could Surge 40% In 15 Minutes Against Euro, Other Currencies Mario Draghi is preparing to unveil QE today as the ECB looks certain to announce it’s much anticipated quantitative easing (QE) programme. The…
SNB Shock Was ‘Icing On Cake’ For Gold Ahead of Draghi’s Euro ‘Bazooka’ Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is. He said that the Swiss National Bank’s…
Gold Demand Explodes as Volatility and Fear Stalk Market Although the extent to which the surprise move by the Swiss National Bank last week has damaged financial institutions will not be apparent until the end of the month, it is…
Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of it’s gold being held in foreign locations –…
Ukraine Lurches to Full Scale War as Russia Drastically Reduces Gas Supply to EU Vladimir Putin has ordered the Russian state energy giant Gazprom to cut natural gas supplies to and through Ukraine to the EU in a little reported…
Ukraine Lurches to Full Scale War as Russia Drastically Reduces Gas Supply to EU Vladimir Putin has ordered the Russian state energy giant Gazprom to cut natural gas supplies to and through Ukraine to the EU in a little reported…
Market Chaos as Swiss Franc Surges 30% In 13 Minutes, Gold Rises Sharply Chaos was seen in financial markets today as participants were thrown a curveball when Switzerland surprised the world by removing its three-year cap on the Swiss franc,…