19
Dec
2016

Bail-Ins Coming? World’s Oldest Bank “Survival Rests On Savers”

Bail-Ins Coming To Italy? World’s Oldest Bank “Survival Rests On Savers” The world’s oldest bank and Italy’s third biggest bank, Monte dei Paschi di Siena (MPS), is making a last-ditch emergency attempt as the year ends to convince tens of thousands of ordinary Italian savers to help it escape state hands. Source: Wikimedia.org MPS shares fell 8.5% in […]

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16
Dec
2016

Fed’s “Fool Me…”, Silver Suppression, Euro Contagion In 2017?

Market Updates This Week Fed Raised Rates 0.25% – Rising Rates Positive For Gold As the great orator George Bush Junior once attempted to say: “Fool me once, shame on you; fool me twice, shame on me…” Read More Here Mark Mobius: Shariah Gold Standard Is “Revolutionary” One of the world’s leading investors, Mark Mobius […]

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15
Dec
2016

Fed Raised Rates 0.25% – Rising Rates Positive For Gold

Fed Increases Rates 0.25% – Rising Interest Rates Positive For Gold The Federal Reserve increased interest rates by 0.25% as expected yesterday leading to gold falling to lows last seen in February 2016 and the dollar rising to its highest level against the euro in 14 years. Gold actually settled higher at $1,163.70 for the day […]

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14
Dec
2016

Shariah Gold Standard Is “Revolutionary” – Mobius

Shariah Gold Standard Is “Revolutionary” Says Mark Mobius One of the world’s leading investors, Mark Mobius told a gold conference in Dubai that the new ‘Shariah Gold Standard’ is both “innovative and revolutionary” and importantly will bring “transparency” to the physical gold market which suffers from a lack of trust. Source: Bloomberg The executive chairman […]

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13
Dec
2016

Silver Fixing By Banks Proven In Traders Chats

Silver Bullion Manipulation By Banks Proven In Traders Chats Evidence of traders rigging the silver market Court documents detail private chats between bank traders Lawsuit alleges widespread rigging of precious metal market “Avalanche can be triggered by a pebble if u get the timing right” – UBS trader  “If we are correct and do it […]

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12
Dec
2016

Euro Crisis and Contagion Coming In 2017

A euro crisis and contagion is almost certain in 2017, Irish economist and writer David McWilliams has warned: “It is almost certain that there will be another euro crisis in 2017. The last time we had a euro crisis, the focus of attention was Greece; today the vortex is Italy. Italy is not Greece. Italy […]

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09
Dec
2016

ECB ‘Bazooka’ Reloaded Until At Least December 2017 – Euro Gold Rises 1%; 13% YTD

ECB ‘Bazooka’ Extended – Will Buy EUR 60 Billion Per Month Until At Least December 2017 The ECB’s ‘Bazooka’ is back and ‘Super Mario’, the European Central Bank’s monetary magician did not disappoint QE addicted markets yesterday by extending ultra loose monetary policies and quantitative easing until at least December 2017. The euro fell and gold rose […]

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08
Dec
2016

UK £6 Billion Worse Off After Multi Billion Pound Gold “Accounting Error”

Oops! Experts’ £6 Bln blunder sends UK trade deficit soaring UK failed to measure huge imports of gold coins and bars after Brexit vote By Philip Aldrick Economics Editor The Times, London Britain’s trade deficit with the rest of the world is £6 billion larger than previously thought — and at a record high — […]

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07
Dec
2016

Buy Silver – May Replace Gold As Money In India

Buy Silver – May Replace Gold as Preferred Money of India Silver replacing gold as India’s preferred investment option again after 100 years? by Fergal O’Connor, Senior Lecturer in Finance, University of York The Indian government has been trying to reduce its citizens’ demand for imported gold through a number of means over the last […]

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06
Dec
2016

Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market

Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market by Jan Skoyles, Editor Mark O’Byrne The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision which was announced yesterday at the World Islamic Banking Conference in Bahrain. This decision is about one of the most […]

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