Contributing Editors' Blog Entries

Pivotfarm's picture

A new Nielson survey on global consumer confidence for the 2nd quarter this year reveals that confidence is improving around the world. It works out to 55% of people around the world that believe that we are currently going through a recession, which means that this is the lowest figure surveyed for over two years.

Phoenix Capital Research's picture

Over 99% of “analysts” are missing this, but it is a fact. If you ignore the ridiculous GDP numbers (which even China’s Premiere has admitted are a joke in the past) and look at more accurate metrics, it’s clear China is collapsing at an alarming rate. Case in point, Electrical consumption rose by just 2.9% in the first quarter of this year.

GoldCore's picture

Gold surged over 3% yesterday due to what appears to be have been significant short covering due to concerns about gold backwardation and the continual haemorrhaging of gold inventories from the COMEX.

Concerns about a default on the COMEX, once the preserve of a few observant market watchers, are becoming more widespread  as we appear to be witnessing a run on the highly leveraged bullion banking system.

Very robust physical demand from the Middle East, Asia and particularly China and a decline in the dollar also helped prices log their biggest one-day gain in over a year and their first close above $1,300 an ounce in nearly five weeks.

Gains in silver futures, meanwhile, outpaced gold’s rise, with silver surging 5%.

Pivotfarm's picture

As the Duchess of Cambridge goes into labor (finally after the press has been camping out in London in front of St Mary’s Hospital for more than two weeks now) the question that springs to mind is how much will the royal baby bring in to the country in terms of spin-offs.