gata.org / By CHRIS POWELL / 2015-07-07 02:56
Dear Friend of GATA and Gold:
Neither Bloomberg News columnist Barry Ritholtz nor his editor, Mark Berley, has responded to your secretary/treasurer’s e-mail to them of last Wednesday, in response to Ritholtz’s latest commentary disparaging gold’s price performance, asking them to examine the documentation of surreptitious intervention […]
wolfstreet.com / by Wolf Richter • July 6, 2015
“Europe is already surrounded by a geopolitical ring of fire.”
Stocks are sacred. Except those in Greece where no one knows when banks will reopen and what currency or IOUs or whatever they will dispense when they do reopen, and no one knows how Greek businesses […]
kingworldnews.com / July 4, 2015
Today whistleblower and London metals trader Andrew Maguire told King World News that the recent short selling of gold and silver was done by central banks in order to avoid another Lehman moment.
Massive Derivative Exposure Sufficient To Bankrupt Major Banks
Andrew Maguire: “The massive derivative exposure is sufficient to […]
silver-coin-investor.com / By Dr. Jeffrey Lewis / Jul 02, 2015
Measuring wealth with an ever-expanding ruler makes for a carnival illusion of safety, suspended in a vast, uneven web of complexity.
The longer society and culture remain detached from the nature of true wealth, the more fragile we become to ‘normal’ risk.
Complexity is not […]
zerohedge.com / by Tyler Durden / 07/02/2015 08:04 -0400
It was precisely one week ago when we described how, for the first time in history, QE had officially failed to achieve its stated objective of pushing yields lower (ignoring that the real purpose is to push stock prices higher). In fact, it the outcome […]
schiffgold.com / BY MIKE FINGER / JUNE 30, 2015
Bank of International Settlements issued a blunt report on Sunday, warning that over-reliance on monetary policy has left central banks with little capacity to deal with the next global crisis.
As the Telegraph reports, BIS asserts that central banks have “backed themselves into a corner” by […]
zerohedge.com / by Tyler Durden on 06/29/2015 14:33
If you know anything about the history of the BIS, you know that the bank’s latest annual report is glaringly ironic and somewhat hypocritical. The “bank for central banks” as the highly profitable institution is known, has for decades served as a secretive club for the world’s […]
goldcore.com / By Mark O’Byrne / June 29, 2015
– Persistent low rates leave central banks with no ammunition to fight next crisis – BIS says short-sighted central banks and governments contributed to current weaknesses – Lack of policy options have forced some central banks to stretch “boundaries of the unthinkable” – Bust in […]
zerohedge.com / by Tyler Durden / 06/29/2015 06:51 -0400
Following a week in which the Chinese stock bubble popped and a weekend in which the Eurozone bubble followed, it was all up to central banks to stabilize the devstation that would follow should the Plunge Protection Team, now global, not show up.
And while […]
zerohedge.com / by Tyler Durden on 06/28/2015 12:45
The BIS — the bank for central banks that, in a world characterized by heightened calls for transparency and accountability, remains completely opaque and unaccountable — is out with its latest annual report, and as usual, there’s quite a bit of no-nonsense analysis of the conditions facing […]
acting-man.com / By Bill Bonner / June 25, 2015
Poor, Forlorn, and Neglected
Neither stocks nor gold moved much on Tuesday… “Wait and see,” remains the order of the day. The Greeks, for example, have 48 hours to come to terms with their creditors. We wait to see what will happen.
We wait to see […]
marctomarket.com / by Marc Chandler / June 24, 2015
The Federal Reserve offers custodial services for foreign central banks. Precisely which countries use these services is confidential as is who patronizes a commercial bank’s services.
There was a large draw down in the Treasures the Fed holds for foreign officials beginning last September and running […]
theeconomiccollapseblog.com / By Michael Snyder / June 22nd, 2015
After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction. And you know what? He is exactly right. The next great global financial collapse that so many are warning about is nearly upon us, […]
schiffgold.com / BY MIKE FINGER / JUNE 22, 2015
If all the world’s debt were backed by gold, the US dollar price of the yellow metal would be nearly $34,000. Frank Holmes of US Global Investors explains the math in an insightful article.
5.9 billion ounces = total above-ground gold in world. At $1,181 per […]
zerohedge.com / by Tyler Durden on 06/21/2015 13:16
As Jamie Dimon recently noted while discussing the perils of illiquid fixed income markets, the statistics around “tail events” can no longer be trusted.
In other words, 6, 7, or 8 standard deviation moves that in theory should only happen once every two or three billion years […]
davidstockmanscontracorner.com / by Jeffrey P. Snider • June 19, 2015
The Greek drama seems to have reached somewhat of a boundary, with deadlines and credit assistance drawing toward maximums. If this seems more than a little déjà vu that’s because it is an almost exact replay of 2012; all that is missing at this point […]
zerohedge.com / by Tyler Durden on 06/19/2015 19:01
There is a reason why Bridgewater is the world’s biggest hedge fund with $171 billion in assets: it generally, and consistently, tends to generate more alpha than its competitors. Granted, there was the whole “beautiful deleveraging” phase (just ask Greece how that worked out), and the fact […]
gata.org / By Huw Jones / Thursday, June 18, 2015
Central banks may need to become “market makers of last resort” if there is not enough liquidity during volatile sell-offs, a senior International Monetary Fund official said on Thursday.
Regulators worry that when interest rates begin rising from their prolonged low levels there will […]
zerohedge.com / by Tyler Durden on 06/18/2015 15:10
Over the course of the last year or so, bond market liqudity has become the talk of the financial universe.
We, of course, have been pounding the table for years when it comes to illiquid phantom markets, but it took a flash crash in what everyone still […]
merkinvestments.com / Axel Merk, Merk Investments / June 17, 2015
We are concerned the Fed causes both economic and political stability to deteriorate. And, no, this is not about discouraging the Fed to hike rates. This analysis is about pointing out that the road to hell may be paved with the best of intentions. […]
gata.org / By Simon Kennedy / Wednesday, June 17, 2015
Some things seem permanent. Greece is fighting for a bailout. A Bush and a Clinton are running for the White House. FIFA is plagued by scandal.
But for those who track the world’s central banks, change is afoot.
Having soothed investors for the past […]
zerohedge.com / by Tyler Durden / 06/17/2015 09:29 -0400
Last month, the calls for a cashless society got a bit louder when Peter Bofinger, a member of the German Council Of Economic Experts and a prominent Keynesian economist in a land where sound money policies generally predominate, called coins and bills “an anachronism” that […]
kingworldnews.com / June 16, 2015
As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warned that central banks are worried as investors around the world are frantically bidding up all tangible items.
Richard Russell: “Economically, the big picture is that the […]
zerohedge.com / by Tyler Durden / 06/16/2015 07:10 -0400
Some broad macro commentary from Bloomberg’s Richard Breslow
This morning doesn’t have the feel of full blown risk aversion, but there is a queasiness out there that is causing markets to feel every spin and lurch uncomfortably. The metaphor would, of course, be more apt […]