Lately Bloomberg's reporting group (now without access to client tracking) has been hitting it out of the park when it comes to cognitive schizophrenia-inducing news article headlines.
Last Friday it was the market somehow going up and down [8]at the same time.
Now, Bloomberg has shifted its deductive skills over... read more
MUMBAI: In what traders termed a near panic reaction to the sliding Indian rupee, the RBI banned import of gold by domestic consumers through bank credit and has made overseas purchase of the precious metal a cash & carry business.
The move will nearly cripple retail jewellery trade and probably lead to higher smuggling into... read more
KOLKATA: World Gold Council chief executive officer Aram Shishmanian said on Wednesday that a new World Gold Council research shows that 82% of Asians believe that the price of gold will increase or will be stable in the next five years.
He s... read more
The last couple of weeks have been very interesting. Remember that, certain regional differences aside, Japan has, for the past two-plus decades, been the global trendsetter in terms of macroeconomic deterioration and monetary policy. It was the first to have a major housing and banking bubble, the first to see that bubble burst, to respond with years of 1 percent interest rates, then zero rate... read more
Is the great bond market bubble finally over? For the following, very simple, reason, I’m not yet convinced.
The world economy is still in a very deep hole, with major structural imbalances still largely unaddressed. Any attempt to apply the brakes would only choke off what remains a very fragile and unconvincing recovery, tipping some major economies back into re... read more
Beginning on May 13, when JPM's commercial gold holdings tumbled to an all time low of 137,377 ounces, the firm's daily Comex updates became erratic with daily reallocations out of its Registered holdings into Eligible. Over the next three weeks, some 209K ounces had their warrants detached, and shifted into customer account, all the while the total number of ounces held in the JPM gol... read more
Following on from our annual update on the wealth (re)distribution of nations, we thought it important to look at the other side of the household balance sheet - that of 'debt' to see just how much 'progress' has been made in the world. In the aftermath of the credit crisis (and the ongo... read more
It is clear that Western capital markets no longer generally regard gold as money. It has been relegated to the status of a risk asset, useful collateral, or simply a commodity with a history of being used as money. This is a mistake.
The great Austrian economist, von Mises, wrote that true money had to survive the regression test. Put simply, it must be established whether or not money had... read more
