Reuters

China "Wealth Manager" Disappears With $154 Million

It now appears that we've reached the point in the China speculative frenzy game where instead of waiting around to be arrested, those running shady ponzi schemes are now pulling the ripcord, clearing out as many bank accounts as possible, and just disappearing.

Iran's Supreme Leader Accuses Obama Of Lifting Sanctions Only "On Paper"

Relations between Iran and Saudi Arabia, which supposed had thawed as part of Obama's landmark 2015 nuclear deal which also allowed Iran to resume exporting its oil, are once again on the fence following a statement by Iran's Supreme Leader, Ayatollah Ali Khamenei, which accused the United States of scaring businesses away from Tehran and undermining a deal to lift international sanctions. 

Watch Live: Donald Trump's Teleprompted Foreign Policy Speech

In what will be a closely watched and even more scrutinized speech, today at noon Donald J. Trump will hold a speech on foreign policy at the Mayflower Hotel in Washington, DC.  In the speech Trump is poised to demonstrate just how "presidential" he can be, because as Reuters notes , "he is expected to set aside his bad-boy antics and, with the help of a teleprompter to keep him on message, outline what his foreign policies would be if he is elected U.S. president."

More Than Half Of Americans Agree With Trump: The Presidential Nominating System Is "Rigged"

For the past two weeks, Donald Trump has been on a tear, raging at how rigged the US presidential nominating system is. This is not a surprise to our readers: just two weeks ago we posted an article "The Year Americans Found Out Their Elections Are Rigged" which promptly went viral. And, judging by the Reuters/Ipsos poll, more than half of America agrees with Trump that the system U.S. political parties use to pick their candidates for the White House is "rigged" while more than two-thirds want to see the process changed.

Ted Cruz To Make "Major Announcement" At 4 PM

Repuglican presidential candidate Ted Cruz, and arguably the biggest loser from last night's "Acela Primary", said he will make a major announcement at 4 p.m. on Wednesday but gave no other details. Based on tangential evidence, Cruz will most likely announce that he has picked Carly Fiorina as a vice presidential candidate, even though he no longer has even a mathematical chance of winning enough delegates to be given the nomination.

GoldCore's picture

Silver had its biggest quarterly rise in nearly 30 years in the first three months of 2016 as ETF investors, buying of silver coins (now VAT free in UK and EU) and bars and speculators in the futures market pushed prices higher. Silver prices are likely to rise further as there is “supply trouble brewing” as strong industrial and investment demand are confronted by declining supply. 

With Tech Tanking, Can Anything Save The System?

The big questions are: 1) Can an economy grow when its banks, energy companies and tech giants are all losing ground? 2) Can a hyper-leveraged global financial system survive if its main economies can’t grow? The answer to both questions is almost certainly “no.”

German Nuclear Power Plant Confirms It Was Infected With Computer Viruses

We finally got confirmation of news from two days ago that a German nuclear power plant had been infected with malware after Reuters reports that the nuclear power plant was indeed infected with not one but several computer viruses. But don't worry, Reuters is quick to calm a concerned public, "they appear not to have posed a threat to the facility's operations because it is isolated from the Internet, the station's operator said on Tuesday." The Gundremmingen plant in question is located about 120 km (75 miles) northwest of Munich, is run by the German utility RWE.

Frontrunning: April 27

  • Trump, Clinton press closer to general election showdown (AP)
  • Acela primaries: Winners, losers (Hill)
  • Trump Says He's `Presumptive Nominee' as Clinton Wins Four (BBG)
  • In the battle for Hollywood endorsements - and cash - Clinton rules (Reuters)
  • U.S. Oil Rises Above $45 a Barrel for First Time Since November (BBG)
  • Spin: Near-Zero Growth Happens Often in Slow-Motion U.S. Economy (BBG)

Following The "Sell-Off" Gundlach Is Starting To Buy Treasuries

This afternoon Jeffrey Gundlach held one of his periodic interviews with Reuters' Jenna Ablan in which he said that the selloff in Treasurys is over and that investors looking to purchase Treasuries in the wake of the bond market's sell-off - if one can call a move in the 10Y to 1.91% a selloff - are making a prudent move. "I think it is a reasonable strategy to start legging into the Treasury market."

U.S. Commodity Regulator Was Unaware About Deutsche Bank's Gold-Rigging Until Ten Days Later

It was not until Friday, April 22, over a week after the Deutsche Bank gold rigging settlement news broke, that the CFTC's press office admitted what many had speculated, when he said he was unaware of the Deutsche Bank story and could find no reference to it in the commission's compendium of news reports of interest to the commission's work. And this, ladies and gentlemen, is the "US commodity" regulator hard at work.

Obama Reveals Plans To Build A "Missile Defense Shield" Around North Korea

"One of the things that we have been doing is spending a lot more time positioning our missile defense systems, so that even as we try to resolve the underlying problem of nuclear development inside of North Korea, we're also setting up a shield that can at least block the relatively low-level threats that they're posing right now"

Frontrunning: April 26

  • The Fed Is Meeting in April to Talk About June (BBG)
  • Global stocks, oil prices climb as investors ready for Fed (Reuters)
  • Apple Results to Show How Far iPhone Sales Have Fallen  (BBG)
  • On Election Eve for five states, Trump rips Cruz and Kasich (Reuters)
  • President Xi Jinping’s Most Dangerous Venture Yet: Remaking China’s Military (WSJ)
  • Oil's Recovery Inches Higher as 'Fracklog' Awaits Price Trigger (BBG)