GoldCore's picture

“I Can’t Deny It – The Outlook For Gold Isn’t Pretty Right Now”

It is important to note that the current weakness of gold is primarily in dollar and sterling terms. For investors in Canada, Australia, New Zealand and the EU gold is once again acting as a hedge.

GoldCore's picture

China’s Central Bank Buys Another 14 Tons of Gold … Bullion Falls To 3 Month Low

China is playing the long game and they could be low balling their total gold holdings – official central bank reserves and non official, governmental holdings – in order to maintain confidence in their substantial US dollar holdings and to aid their bid to join the IMF.

Tyler Durden's picture

Ban Russian Track And Field Athletes From 2016 Olympics, Commission Urges

An "independent" commission of the World Anti-Doping Agency has found that Russia engaged in state-sponsored doping and more importantly, recommended that Russia’s track and field athletes be suspended from Olympic competition in 2016.  The "Independent" commission was led by  Canadian Dick Pound. Joining him on the commission was Richard McLaren, another Canadian lawyer and a long-standing member of the Court of Arbitration for Sport, as well as Günter Younger, head of department of cybercrime with Bavarian Landeskriminalamt. So two Canadians and a German made up an "independent" commission that now wants to bar Russia from the marquee event of the upcoming olympics.

GoldCore's picture

Worlds Largest Debtor Ever Raises U.S. 'Debt Ceiling' ... Again

"The truth is, the debt ceiling doesn’t actually limit government spending. It’s a farce. Every time government debt gets close to the debt ceiling, Congress just raises it.”

globalintelhub's picture

Play The Forex Fix - JPY And CHF Pairs Range Bound

Don't forget Forex is countertrend market (generally) - here's a strategy to play the Forex 'fix' 

GoldCore's picture

Bitcoin Surges 55% In Month - Chinese Moving Capital Into Bitcoin and Gold

Bitcoin is an easy way for people to swap out of yuan. Goldman Sachs analysts estimated earlier this year that 80% of bitcoin volume is exchanged in and out of the Chinese yuan. Once converted to bitcoin, the owners can then swap back into other fiat currencies and indeed physical gold.

Tyler Durden's picture

Swiss National Bank Slammed For Massive Valeant Loss; Adds Another 900,000 Apple Shares In Q3

Overnight, the SNB which unlike the Fed and the other "serious" central bank hedge funds, released a 13-F updating on its latest stock portfolio. We learned that in the quarter in which AAPL stock tumbled to $92 during the August 24 ETFlash crash, the Swiss money printing authority which reported a record $20 billion loss in the second quarter, and a record $52 billion in the first half, added another 909,000 AAPL shares, bringing its new grand total to 10.3 million shares,

Tyler Durden's picture

It's Just Not Saudi Arabia's Year: First Oil Prices, Now This...

When Saudi Arabia moved to Plaxico themselves last November by killing the petrodollar in an effort to bankrupt the US shale space and tighten the screws on Moscow, Riyadh set in motion a series of events that culminted in a 20% fiscal deficit and, most recently, an S&P downgrade. Now, the kingdom is not only running out of money, but water and food as well.

GoldCore's picture

Apocalypse Now: Has Next Giant Financial Crash Already Begun?

“A predicted global meltdown passed without event. But there are enough warning signs to suggest we are sleepwalking into another disaster”.

Tyler Durden's picture

The UN Plans To Implement Universal Biometric Identification For All Of Humanity By 2030

Did you know that the United Nations intends to have biometric identification cards in the hands of every single man, woman and child on the entire planet by the year 2030?  And did you know that a central database in Geneva, Switzerland will be collecting data from many of these cards?

Tyler Durden's picture

Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014

In September, the total physical gold held in custody at the NY Fed dropped another 19.9 tons in September, down to 5,919.5 tons. This was a doubling in gold withdrawals from 10 tons in August, and is the highest withdrawal since January. At just under 5,920 total tons in NY Fed inventory, this is the lowest amount of gold held in NY Fed custody in decades.

Tyler Durden's picture

The Latest (and Dumbest) Central Bank Fraud

Investors are aware that the market is manipulated... and it doesn’t seem to worry them. They don’t fight the Fed; they sit down at the table with it. They play the game. And so far, they have done well. But now... She will signal that, soon, the central bank will begin the long return to “normalcy.” Don’t believe it. The entire system depends on abnormality.

Tyler Durden's picture

Here Is Goldman's "Exhibit A" Why The ECB's Monetary Policy Has Been A Failure

"... judging from market-based implied measures of longer-term inflation expectations, the effectiveness of the ECB’s announcements has proved limited so far."

- Goldman Sachs

Tyler Durden's picture

BofA Looks At Europe's Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds

"The rise in household savings rates amid so much central bank support is paradoxical to us, and mimics what we highlighted in the credit market earlier this year. Companies in Europe are deleveraging, not releveraging"

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