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China Increases Official Gold Reserves for Third Straight Month as Anti-Dollar Push ContinuesMarch 13, 2019
China added to its official gold reserves for the third straight month in February as the country continues efforts to minimize its exposure to the US dollar.The People's Bank of China added 10 tons of gold to its horde last month. It has accumulated an additional 32 tons of the yellow metal since the beginning of the year. According to the Financial Times, at this rate, China will surpass Russia and Kazakhstan as the leading central bank buyers.
"The Federal Reserve Bank of New York asked primary dealers whether it should do something to keep money-market rates from rising."
"Gundlach highlighted the deteriorating hard and soft data and the collapse in December retail sales."
Shareholders have lost two-thirds of their investment since 2006, but Goldcorp insiders are making sure they gain big-time if the acquisition goes through...
Gold & silver were naturally selected, even during Old Testament biblical times, and the accuracy with regards to sound economics is pretty amazing...
The DX was tugged down to 96.85 as the pound spiked to $1.3145 and gold took out initial resistance at $1,299-$1,301 to reach $1,302.20. Gold was $1,301 bid at 4PM with a gain of $9.
Central Banks Suppress Price To Buy More Cheap Gold Ahead Of The March 29th Re-MonetizationMarch 12, 2019
Mainstream financial news organizations are finally beginning to point out the central bank deceptions regarding the gold market...
Gold is one of the few remaining assets that hasn't been selling for record high prices, and gold has plenty of room to run higher from here...
"This would explain both the counter-intuitive crash in GLD inventory that began in late January as well as the counter-intuitive smash in price that..."
Argentina Risking Everything in an Attempt to Prop up "World's Worst Currency"Mar 12, 2019 - 07:17:11 PDT
"Argentina’s central bank appears to be willing to do whatever it takes to exorcise last year’s currency crisis, even prolonging a recession and putting the reelection of President Mauricio Macri at risk."
Mar 12, 2019 - 06:54:29 PDT
In today's episode of massive-financial-collapse-risk Inception, the biggest risk to Germany's economy starts throwing rocks from inside its own glass house.
Wells Fargo Execs, Lying as Always, Say They Have Cleaned up Its Poisonous CultureMar 12, 2019 - 06:45:56 PDT
"Its top executives say that because they have eliminated the aggressive sales targets that spurred bad behavior, the bank’s culture has changed. Many employees say that is news to them."
The Fed Has Taught Us Endless Money Printing Is Okay and Socialism Should WorkMar 12, 2019 - 06:14:06 PDT
Why nobody should be surprised that younger Americans, who have seen the Fed print endless currency for the benefit of Wall St. to seemingly no disastrous effect, simply want their share of the new monetary "normal".
Every era has its defining question. After throwing the policy version of the kitchen sink at the economy in an attempt to get prices moving, the Fed is still bedeviled by its inability to conjure inflation.
Jim Willie: Consequences Of Losing Reserve Currency Status & The Gold Price 3-Times HigherMarch 12, 2019
Jim explains three ongoing forces releasing gold from the grip of the corrupt bankers, and Jim shares what happens to gold & the dollar in the process...
In ZIRP World, the Perpetual Reach for Yield Increasingly Ends in Bankruptcy CourtMar 12, 2019 - 05:56:37 PDT
"It seemed like an opportunity a lender would not want to miss. The Trident USA Health Services loan paid 10.25%, which would go up if a benchmark rose. Trident filed for bankruptcy last month."
"China’s push to boost its gold holdings could see the country challenge Russia as the most aggressive buyer of the precious metal this year."
The Last Thing They Need: NY Attorney General Opens Deutsche Bank InvestigationMar 12, 2019 - 05:22:43 PDT
"Deutsche Bank and Investors Bank were issued subpoenas for Trump documents relating to hotels, a golf resort and the failed effort to buy the Buffalo Bills."
Mar 12, 2019 - 05:15:31 PDT
"Economists should stop pretending to be scientists and go back to the core of the field—as a field of inquiry and way of thinking."
Bloomberg: Borrowers Game Ratings Firms, but "There’s No Sugarcoating Corporate Debt"Mar 12, 2019 - 05:06:13 PDT
"If you are looking for reasons to worry about the stock market, few things beat U.S. corporate leverage. Corporate debt has never been greater as a percentage of gross domestic product."