As global markets head into what will surely be another wild trading week, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned that the governments of the world are now preparing for total collapse. Egon von Greyerz: “Eric, 25% of government bonds are now negative around the world. On Friday morning Bank of Japan... read more
It’s a Xanax World The Romans gave their Plebian citizens a day at the Coliseum, and the French royalty gave the Bourgeoisie a piece of figurative “cake”, so it may be true to form that in the still prosperous developed economies of 2016, we provide Fantasy Sports, cellphone game apps, sexting, and fast food to appease the masses. Keep them occupied and distracted at all costs... read more
Venezuela is on the brink of a complete economic collapse Customers line up to get in for shopping at a state-run Bicentenario supermarket in Caracas May 2, 2014. President Nicolas Maduro is introducing a controversial shopping card intended to combat Venezuela's food shortages but decried by critics as a Cuban-style policy illustra... read more
– Japan just launched an economic Kamikaze against its citizens and the world. Boockvar also issued a warning to the bears in the gold market. Kuroda surprised the world with a decision to get negative on a portion of reserves. (He will charge the banks for excess free reserves that they leave at the BOJ). The move prompts this rant from my friend, Peter Boockvar, over at the Lind... read more
On 1 January 2016 the EU’s banking union – an EU-level banking supervision and resolution system – has officially come into force. The move to the banking union has been the most significant regulatory outcome of the crisis – ‘a change of regime, rather than an act of institutional tinkering’, as Christos Hadjiemmanuil of the London School of Economics writes in a comprehensive pa... read more
Gold futures were steady in the wake of latest Federal Reserve policy statement but it was the silver market that garnered the most attention on Thursday because the LBMA Silver Price appeared to be out of the market. The silver market was thrown into disarray after the LBMA Silver Price settled 84 cents below the spot and futures price this morning. The LBMA Silver Price – the crucial daily... read more
After a 4.5 percent surge in crude oil, one of the greats in the discussed booms, busts, banksters and George Soros. Overnight markets were mostly weaker, led by China, which dropped over 2%. However, that didn’t seem to have that much bearing on how the SPOOs traded, as they were all over the place, initially about 0.5% weaker, then 0.75% or so higher before New York opened…... read more
2016 Silver Market Trends (Washington D.C. – January 28, 2016) Silver is prized primarily for its dual role as a monetary asset as well as an important industrial metal utilized in a wide-range of existing and growing applications. Factors driving the silver market include supply and demand fundamentals, global economic performance, geopolitical issues, interest... read more
With continued uncertainty in global markets, today two legends in the business sent King World News powerful pieces about the banking crisis in Europe and a major buy signal in the gold market. “A word means what I choose it to mean” is a close facsimile of the aforementioned quote. I was reminded of it as I read yesterday’s FOMC statement for there were a few phrases that stood out.... read more
With continued uncertainty in global markets, today two legends in the business sent King World News powerful pieces about the banking crisis in Europe and a major buy signal in the gold market. “A word means what I choose it to mean” is a close facsimile of the aforementioned quote. I was reminded of it as I read yesterday’s FOMC statement for there were a few phrases that stood ou... read more