First-Quarter Demand for Gold Jumps 19% in China, 27% in India
Tuesday, May 21st, 2013 By Michael Lombardi, MBA for Profit Confidential 0 inShare Email This doesn’t make it easy to understand for investors who bought gold stocks and have now seen them go down in price… But while the prices of gold stocks have pulled back significantly this year, demand for physical gold bullion [...]
Are Japanese Banks On The Verge Of Insolvency?
Submitted by Tyler Durden 5/16/2013 We have long discussed the problem that the Japanese government faces if interest rates in the troubled nation rise (cost of debt financing will swamp revenues in a vicious circle); but now it seems there is another – just as vicious – problem (that the BoJ is set to [...]
China Commits Act of War with Fake Silver Eagle Exports
By Avalon Intellihub.com May 1, 2013 US Mint Silver Eagle Leading Silver and Gold experts are now reporting that China has been exporting Fake Silver Eagles, which are US Currency. Clearly, this is an Act of War, and it should be noted that this practice has been going on for some time. The fake [...]
China Takes Another Stab At The Dollar, Launches Currency Swap Line With France
April 14, 2013 Source: Zero Hedge One more domino in the dollar reserve supremacy regime falls. Following the announcement two weeks ago that “Australia And China will Enable Direct Currency Convertibility“, which in turn was the culmination of two years of Yuan internationalization efforts as summarized by the following: “World’s Second (China) And Third [...]
Yuan reaches record high against the US dollar
Further appreciation predicted, which would fuel inflation on the mainland and in Hong Kong Saturday, 13 April Jane Cai in Beijing and Kwong Man-ki The yuan reached a record high yesterday as the central bank fixed its midpoint against the US dollar at the strongest level ever. That sparked anticipation of further appreciation this year [...]
What the Chinese Government Debt Downgrade Means for the U.S. Economy
Friday, April 12th, 2013 By Michael Lombardi, MBA for Profit Confidential 1 inShare Email Fitch Ratings, a credit rating agency, has downgraded Chinese yuan-denominated government debt from AA- to A+. (Source: Dow Jones Newswires, April 9, 2013.) For foreign investors, it may not mean much, because yuan-based government debt is mainly traded domestically. But [...]
Milk Rout Ending on Worst N.Z. Drought in 30 Years
By Elizabeth Campbell on March 28, 2013 Milk futures are poised to end their longest slump since 2008 in Chicago as drought reduces production in New Zealand, the largest exporter, forcing China and other buyers to import more from the U.S. Overseas shipments may rise 5 percent this year from an all-time high in 2012, [...]
National planning Cyprus-style solution for New Zealand
Tuesday, 19 March 2013, 11:32 am Press Release: Green Party The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today. Open Bank Resolution (OBR) is Finance Minister Bill [...]
China “fully prepared” for currency war: banker
02 March 2013 AFP – A top Chinese banker said Beijing is “fully prepared” for a currency war as he urged the world to abide by a consensus reached by the G20 to avert confrontation, state media reported on Saturday. Yi Gang, deputy governor of China’s central bank, issued the call after G20 finance ministers [...]
Japanese economy contracts for third straight quarter
14 February 2013 Japan’s economy contracted for the third straight quarter in the three months to end of December, underlining the challenges the new government faces in reviving growth. The economy shrank 0.1% compared with the previous three months. Most analysts had forecast growth of 0.1%. That is equivalent to an annualised dip of 0.4% [...]
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