Archive - Jun 2013 - Blog entry

This a fairly broad topic, and any "rules" would be vague at best, so i'll use recent trading activity as an example.  Often markets (and traders) are described as schizophrenic...and perhaps that should even be part of the job description....here's an example why...

“We’re just building a bigger and bigger time bomb.”

The Accident Is NOT Contained

That is a truly staggering collapse in incomes. The last time we say anything even close to this was in the third quarter of 2008.  

And news from Mars...

Physical demand remains robust internationally especially in China and India where premiums are moving higher again.  In China, physical demand remains robust and premiums remain at elevated levels near $35/oz. In India, premiums charged shot to $20 an ounce overnight from $8-$10 on Tuesday.

The late 20th century was a jam-packed time for stock-market crashes that would change, shape and alter our lives in so many ways.

Let's discuss what an increase in rates, even a slight nominal blip, really means for those of us in the EU and the US.

Gold miners hedged by selling their production forward during the bear market. Later, when the price was rising, they bought back their hedges at great expense (Barick alone wasted $6B). There is a better way.

The Federal Reserve has had $1.2 million swiped from a flight somewhere between Switzerland, the land of secret banking, and New York City. Now, in the ranking of thefts that have taken place in history, this one seems like it is rather untimely! Has anybody seen Ben Bernanke lately?

72% of Likely U.S. Voters Know the NSA Has Monitored the Private Communications of Congress, Military Leaders and Judges

Big Dada is coming...

 Anyone who is banking on consumers to continue spending as they have is out of their mind.

It was bound to happen some might say. We were warned! Chinese banks have stopped lending due to pressure from liquidity deposits. Some branches of the Bank of China and the Industrial and Commercial Bank of China have issued statements in which they announce that they are halting lending for a temporary period.

The Financial Times has revealed that Italy is facing losses of €8 billion due to derivative contracts that were taken out in the 1990s and that were restructured during the Eurozone crisis.