20
Apr
2015

Greek Debt Crisis Coming To Head – 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 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 In Dollars Has “Hallmarks Of Market That’s 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 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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16
Apr
2015

U.S. And Global Property Bubble Fears Mount

- “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 rise – Rents have not increased in line with asset appreciation – Speculators moving into more risky peripheral markets around the major hubs […]

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15
Apr
2015

Martin Armstrong – Gold Bullion To “Max Out At $5,000 Per Ounce”

- Fall 2015 turning point – civil unrest and riots globally says forecaster Armstrong – Fed have to raise rates – due to pressure from congress and media – By 2020 the cost of servicing U.S. debt will outpace defence spending – European banks will collapse and “blood in the streets” – Higher rates will […]

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14
Apr
2015

Greece Out of Funds by Month End – Default and Drachma Imminent?

- Greek government to withhold IMF payments according to the FT – Prime Minister Tsipras denies preparing for default according to Reuters – Government funds to run out by end of month – Default would likely lead to “Grexit” and return to drachma – EU may not withstand uncertainty surrounding break-up of monetary union – […]

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13
Apr
2015

Safety Deposit Box Heist in London Reminder of Need For Insurance and Top Level Security

- One week on and police appear no nearer to catching those responsible – Crime only seems more audacious with every new detail that emerges – CCTV has given tantalising glimpse of the six men who went into vaults – Many victims of Hatton Garden robbery had all their wealth uninsured in safe deposit boxes […]

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10
Apr
2015

Positives For Gold – Negative and Rising Interest Rates

- Negative Interest Rates and Rising Interest Rates Positive For Gold – HSBC suggests negative rates may drive customers out of digital and into holding paper cash – ZIRP and NIRP very positive for gold – Rising U.S. rates not negative for gold due to emergence of China, India, Middle East and EMs – When […]

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09
Apr
2015

Bank Deposits No Longer Guaranteed By Austrian Government

- Austria will remove state guarantee of bank deposits – Austrian deposit plan given go ahead by the EU – Banks to pay into a deposit insurance fund over 10 years – Fund will then be valued at a grossly inadequate €1.5 billion – New bail-in legislation agreed by EU two years ago – Depositors […]

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08
Apr
2015

U.S. Hegemony and Dollar Threatened By New Chinese Bank

- Chinese Success in Attracting Major Western Countries to New Bank Marks Beginning of New Era – Diverse members include UK, Israel, Germany, Australia and Russia and Iran – Demonstrates the degree to which U.S. global influence is declining – U.S. needs to reform its approach to IMF and World Bank system if it to […]

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07
Apr
2015

‘Chaos’ If UK Leaves EU‏ – Blair Warns of BREXIT

- Ex-Prime Minister warns uncertainty would hit UK economy and cause ‘chaos’ – ‘BREXIT’ would cause the “most intense period of instability” since WW2 – Seeks to portray Tory policy as disingenuous and cynically putting economy at risk – Uncertainty caused would have negative consequences for British economy and sterling Tony Blair has entered into […]

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