Monthly Archives: April 2015

30
Apr
2015

U.S., UK GDP Fall Signals New Recessions – 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 – Large inventory build up in the U.S. may mask deep recession – Zero percent interest policies (ZIRP) to continue despite suggestions to contrary – Global economy vulnerable […]

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29
Apr
2015

Ryanair Victim of EUR 4.5 Million Cyber Robbery

– 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 – Hackers transfer $5 million from a Ryanair dollar account to Chinese bank – Highlights growing risks of cyber-crime and lack of protection – Cyberattacks as […]

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28
Apr
2015

Gold Rises, Silver Surges – 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 re defaults by Greece and Ukraine – Geopolitical risk of conflict in Middle East and with Russia remain – Price rises were accompanied by strong physical demand Precious metals […]

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27
Apr
2015

India and China Import Massive Quantities of Gold 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 a very large 97 tonnes – Gold exports from Switzerland to both China and India doubled in March – Shanghai Gold Exchange (SGE) becoming most important centre for physical […]

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24
Apr
2015

UK Economy A ‏’Timebomb’ – Will Explode After Election

– 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 being particularly vulnerable – Latest data shows UK poised to slip into deflation for the first time since 1960 – Polls place Labour and Tories […]

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23
Apr
2015

Saudi Arabia Yemen Bombing Continues – Middle East Powder Keg

– Saudi operation in Yemen enters new phase as U.S. and Iranian Navies gather in the Gulf of Aden – Saudi’s blame Houthi rebels and Iran for Saudi bombardment of Yemen, supported by US – Chinese President Xi calls Saudi King Salman urging speedy resolution to crisis, Chinese media take neutral stance – Russian media […]

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22
Apr
2015

China To Quadruple Gold Reserves as IMF Seek Answers

– Enter the Dragon – China Stealthily Accumulated Massive Gold Hoard – IMF Seek Answers On China’s Mysterious Gold Reserves according to Bloomberg – Major demand issue and bullish support for gold rarely covered in mainstream – China may disclose its gold reserves by October in a bid to have the Yuan included in SDR […]

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21
Apr
2015

Russia Buys Gold – One Million Ounces 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 asset in stealth currency wars – Large purchase by Russia who normally buy some 300,000 ounces – Russian gold reserves, at nearly 40 million ounces, are now fifth largest in the […]

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20
Apr
2015

Greek Debt Crisis Coming To Head – “Second Currency” For Greece?

– Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns Potential “Grexit” Puts EU In “Uncharted Waters” – Despite Threats, Greece Remains Defiant, Won’t “Budge On Red Lines” – ECB Considering A “Second Currency” For Greece The Greek […]

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17
Apr
2015

Gold Flat On Week Despite Growing Risks

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 ounce. Gold fell 0.29 percent or $3.50 and closed at $1,199.00 an ounce on yesterday, while silver rose 0.18 percent or $0.03 closing at […]

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