By John Rubino for Dollar Collapse
Europe’s leaders — that is to say German Chancellor Angela Merkel and the bureaucrats running the various eurozone agencies from Brussels — have looked into the abyss and don’t like what they see. Specifically, a default and departure by even a relatively insignificant country like Greece might start a contagion that cripples or destroys the whole eurozone.
So despite the posturing now going on about a Greek exit Read More »
King World News again had some very interesting comments on its site from an interview with acclaimed money manager, Caesar Bryan from Gabelli & Co., regarding his current thinking on gold itself and the mining shares.
He comments that “The fundamental story for gold has not changed, and if it has, it has changed for the better. There is simply too much debt, both here and in Europe. In this environment Read More »
By Frank Holmes, CEO and Chief Investment Officer, U.S. Global Investors
There was a strong reaction on Tuesday to the elevated debt crisis in Europe, with commodities and equities being indiscriminately sold. Gold fell 3 percent this week, losing its safe haven status as the dollar grew stronger and the 10-year government note headed lower.
The markets generally overreact to negative news, however, investors should keep in mind gold’s normal monthly historical volatility. Read More »
By John Browne, Senior Economic Consultant to Euro Pacific Capital
One month ago it appeared that Germany held the whip hand in its titanic struggle against those seeking to cure all economic ills with the snake oil of currency debasement. Now, it appears that the ground beneath its feet is being swept away in a flood of popular unrest and political exploitation. The recent elections in Europe, which highlight both the strong grass Read More »
By The Daily Bell
Crisis escalates as insurrection breaks German control of Europe … The political dam has broken in Europe. German Chancellor Angela Merkel no longer has enough allies in the club of EU prime ministers to impose her hairshirt agenda. Her methodical plans are disintegrating on every front. For Germany it is a moment of truth. Berlin has put off hard choices since the crisis began … – UK Telegraph
Dominant Social Read More »
Why gold might be setting up for a big move higher
By Michael J. Kosares
Counter-intuitive forces are at work in the gold market. Europe is moving toward dissolution – erratically to be sure but inevitably nevertheless. Intuition tells us that gold should be moving higher under the circumstances, after all, we are talking about the beginning phases of a major currency, and perhaps economic, collapse.
But it isn’t. It is headed south. To what Read More »
EDITOR’S COMMENT: Here is another very well written and in-depth commentary that should answer, once and for all, some of the economic or financial questions that have been nagging you lately. Especially since, your own personal experiences and observations do not reflect what you are hearing from our government and from our media!
By Economic Noise
The contrast between what we see in our every day lives is not consistent with what government tells Read More »
In recent weeks, while the eurozone has suffered escalating levels of systemic stress in government bond markets and its banking system, the gold price has fallen under $1,600. One would have thought that – but for the occasional fat-finger trade – gold would rise in all this instability, not fall. Putting aside short-term considerations, the simple reason has to be that the investment establishment, which has bought into the bond Read More »
By Michael Synder for ETF Daily News
When news broke of a 2 billion dollar trading loss by JP Morgan (NYSE:JPM), much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market. When most Americans think of Wall Street, they think Read More »
By Peter Morici
J.P. Morgan’s $2 billion loss from betting on corporate bonds will embolden advocates of the Volcker Rule—a provision of the 2010 Dodd-Frank law that will prohibit banks from trading on their own account. Unfortunately for federal regulators, trading in securities is essential to modern banking, and busting up the big Wall Street financial houses may be the only way to better ensure financial stability.
The Glass Steagall Act of 1933 separated Read More »
