JP Morgan Cornering Silver Bullion Market? – Why is JP Morgan accumulating the biggest stockpile of physical silver in history? – Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market – JP Morgan…
U.S. and UK GDP Fall Heralds New Depression – ZIRP to Continue – U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter – U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure –…
Europe’s Largest Airline Falls Prey to $5 Million Cyber-Theft – Europe’s largest airline says $5 million (€4.5m) taken from bank accounts – Ryanair confirms hackers stole via Chinese bank – Cash siphoned from one of its bank accounts – Allegation…
Europe’s Largest Airline Falls Prey to $5 Million Cyber-Theft – Europe’s largest airline says $5 million (€4.5m) taken from bank accounts – Ryanair confirms hackers stole via Chinese bank – Cash siphoned from one of its bank accounts – Allegation…
Gold Rises, Silver Surges on Short-Covering and Physical Demand – Greece, Ukraine, Russia Risks – Gold rises over 2% while silver surges 4.4% – Speculators caught off guard as prices rose forcing them to cover their short positions – Concerns…
Gold Flows East – India and China Import Massive Quantities of Bullion from Switzerland – Singapore, India and China continue to import staggering volumes of gold from the West – U.K. exports of bullion to Switzerland increase 6 fold to…
Claiming to own X quantity of gold is one thing, and reporting how many times the gold has been pledged as collateral is another. When correspondent Scott A. Batten offered to write an explanation of the rehypothecation of gold and…
Election ‘Chaos’ In UK Could Trigger ‘Lehman Moment’ For Pound – UK economy a ’timebomb’ and will explode after election – Albert Edwards – Telegraph warns of “Lehman Moment” stemming from possible election chaos – Currency traders view pound as…
The central bank high is euphoric, the crash and burn equally epic. Just out of curiosity, I called up a few charts of key markets: stocks (the S&P 500), volatility (VIX), gold and the U.S. dollar (UUP, an exchange-traded fund…
Currency Wars Back As Russia Buys Gold – One Million Ounces of Bullion in March Alone – Russia buys one million ounces and increases gold reserves by another 2.6% in March – Russia sees gold as important monetary and strategic…
Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion? – Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns…
Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion? – Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns…
Gold In Dollars Has “Hallmarks Of Market That Bottoming” MARKET UPDATE Today’s AM LBMA Gold Price was USD 1,204.55, EUR 1,113.83 and GBP 801.86 per ounce. Yesterday’s AM LBMA Gold Price was USD 1,204.60, EUR 1,131.19 and GBP 811.40 per…
Global Property Bubble Fears Mount As Prices Spike – “Renewed global property bubble” warned of by Financial Times – Research company MSCI says returns on property last year averaged 9.9% globally – “Best performance” since 2007 and fifth consecutive annual…
Global Property Bubble Fears Mount As Prices Spike – “Renewed global property bubble” warned of by Financial Times – Research company MSCI says returns on property last year averaged 9.9% globally – “Best performance” since 2007 and fifth consecutive annual…