30
Jan
2015

Greeks Turn to Gold on Bank Bail-in and Drachma Risks

The Greek stock market is down 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national financial body. But not in this case; the […]

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29
Jan
2015

EU Threatens Sanctions on Russia as War in Ukraine Intensifies, Greece Pivots to Russia

EU foreign ministers are meeting in Brussels today to discuss imposing further sanctions on Russia following an upsurge in fighting in east Ukraine.

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28
Jan
2015

Cyber War Poses Risk of Bail-Ins to Banks and Deposits

Cyber Attacks Growing In Frequency – Entire Western Financial System Is Vulnerable The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day. British and US agents will carry out a mock cyber attack or ‘cyber war games’ on […]

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27
Jan
2015

Currency Wars – Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data

UPDATE: Since we published our blog this morning, the Dutch central bank has denied that it added to its gold reserves in December. De Nederlandsche Bank, the Dutch central bank has denied reports in Reuters, Bloomberg and picked up by GoldCore, that the bank had increased its gold holdings for the first time in sixteen […]

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26
Jan
2015

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 in euros surged to its highest level since April 2013, at €1,167.94/oz as markets opened in Asia. The euro has since stablized but remains near […]

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24
Jan
2015

QE…D: Why Printing Money will end badly for the US

You may have heard the news, the European Central Bank have started up the printing press. They are soon to print upwards of €60 Billion a month. The crowds of economic pundits have collectively cheered. Ireland stands to enjoy significant near term benefits, but at what cost? They speak of lower government borrowing costs for […]

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24
Jan
2015

QE…D: Why Printing Money may end badly

You may have heard the news, the European Central Bank have started up the printing press. They are soon to print upwards of €60 Billion a month. The crowds of economic pundits have collectively cheered. The thing is it is being sold as a low risk, one way bet. Worryingly there has been no talk […]

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23
Jan
2015

Gold in Euros Surges As ECB 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 (see chart below) after Mario Draghi in the ECB announced a massive quantitative easing or QE programme of over EUR 1 trillion from March 2015 to September […]

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22
Jan
2015

ECB To Print Trillion Euros – Gold Could Surge 40% In 15 Minutes Against Euro, Dollar

Mario Draghi unveiled QE yesterday as the ECB looks certain to announce its much anticipated quantitative easing (QE) program. The move to print up to €1 trillion euros in the coming months appears to be a fait accompli although it will occur against a backdrop of strong German resistance and many concerns. Listen Following leaks that mainstream […]

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21
Jan
2015

The Next Wave of Recession is Building

By Chris Sanders of Sanders Research Associates Limited www.sandersresearch.com Oil is down for good reasons The collapse in the price of oil over the last six months or so is widely misunderstood. Many  observers have thought that it is a fall orchestrated by producers – take your pick – to hurt other  producers – again, take […]

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