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| RATIOS & INDEXES |
| Gold / Silver | 61.92 |
| Gold / Oil | 14.84 |
| Dowjones / Gold | 11.01 |
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 | Articles related to Angela Merkel |  |
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 | Mish - Global Economic Analysis |
| Merkel Pins Cameron in Corner; Will Cameron Bury His Head in the Sand, Pretending to Not Notice? |
| UK prime minister, David Cameron, promised to hold a referendum on whether Great Britain should remain in the EU, but only on two conditions. The first condition, that Cameron be re-elected as prime minister is iffy enough.
The second condition, that Cameron renegotiate the Lisbon Treaty, I said would never happen. And it won't.
German Chancellor Angela Merkel sealed the fate on that score as Berlin plans to streamline EU but avoid wholesale treaty change.
Berlin is drawing up plans for treaTuesday, May 21, 2013 |
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| Mish - Global Economic Analysis |
| German Finance Minister Throws Cold Water on Single Bank Resolution Agency; For How Long? |
| Germany's Finance minister, Wolfgang Schäuble, has an uncanny ability to tread a very narrow line on formation of an EU banking union. He frequently crosses over the line in both directions but never very far, and never for long.
Every time he gives an inch to solidarity, he quickly takes it back, and vice versa. And here we go again.
Weeks before the European Commission is due to present its plan for a single bank resolution agency and rescue fund, Schäuble threw the plans in doubt with a waSunday, May 12, 2013 |
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 | Adrian Ash - Bullion Vault |
| The US Fed's May Day Riot |
| Oh the people's flag is deepest red, just like the government's budget...AS MAY DAY protests go, the US central bank's looked pretty tame on Wednesday.Athens' strikers burnt a giant picture of Angela Merkel dressed as Hitler. Students in Washington threw bags of urine at each other. Protesters in Madrid waved flags shouting that "Austerity ruins & kills", while Turkish police broke up an illegal demo with tear gas and water cannon.But in the Eccles Building? "Fiscal policy is restraining economiSaturday, May 04, 2013 |
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| Ben Traynor - Bullion Vault |
| Precious Metals "Trading Sideways" Ahead of Fed Decision |
| London Gold Market ReportWHOLESALE prices for gold bullion drifted lower Wednesday morning in London, dipping below $1470 an ounce, though it remained slightly up on where it started the week after two-and-a-half days trading in a tight range, with China's markets closed since last Friday until tomorrow for the Labor Day holiday. Silver meantime fell towards $24 an ounce to almost exactly where it started the week, while other commodities also fell and US Treasuries were flat ahead of today's FeWednesday, May 01, 2013 |
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 | Chris Powell - GATA |
 Ambrose Evans-Pritchard: Cyprus goes from bad to worse by the day; so does Portugal |
| By Ambrose Evans-Pritchard
The Telegraph, London
Friday, April 12, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100024025/cy...
On cue, Angela Merkel's Christian Democrat base in the Bundestag has warned that there can be no increase in the EU-IMF rescue package for Cyprus.
The Cypriot people alone must carry the extra cost of up to E5.5 billion beyond what was already agreed in the E17.5 billion deal in March.
"Should that not be possible, the assent of the German BundestagSaturday, April 13, 2013 |
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| Mish - Global Economic Analysis |
| "You have to Destroy the Maastricht Treaty to Save It" |
| There are plenty of news headlines rattling Europe today. Let's take a look at some of them.
Severe Capital Controls in Cyprus
In spite of the fact the Maastricht Treaty under which the eurozone was formed mandates a free flow of capital, Cyprus unveils severe capital controls.
"Cyprus is the first eurozone country ever to apply capital controls, with limits on credit card transactions, money transfers abroad and the cashing of cheques. Depositors will be limited to credit card transactions oThursday, March 28, 2013 |
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 | Goldmoney |
| No solution to Cyprus problem |
| The Cyprus crisis has exposed a perception problem at the heart of modern finance. Everyone has a bank deposit and regards this as their property: a form of warehousing if you like. In reality of course – as many gold and silver owners are acutely aware of – banks operate on a fractional reserve basis, whereby your money is loaned out in order to generate interest profits for the bank (as well as you).
A bank deposit may be your asset, but it is the bank’s liability. This is in contrast to saSaturday, March 23, 2013 |
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| Ben Traynor - Bullion Vault |
| Gold "Needs to Break Above $1620 for Momentum", European Leaders "Bullying" Cyprus |
| London Gold Market ReportU.S. DOLLAR gold prices continued to hover around $1610 per ounce Friday morning, dipping back below that level after making gains in Asian trading, while stocks and commodities were flat on the day ahead of a vote by Cyprus's parliament on measures aimed at raising money and securing a bailout."[Gold's] $1620 high from Feb 26 will be a key level," says the latest technical analysis from bullion bank Scotia Mocatta."If we can close above there, it will open up a test of Friday, March 22, 2013 |
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 | The Gold Report |
| Mexico's Guerrero Gold Belt, Home of Low-Cost Gold Production and Analyst Merrill McHenr |
| The Gold Report: Merrill, you joined Industrial Alliance at a time when many junior companies are having difficulty getting financing.
In fact, newsletter writer John Kaiser reported that of the 527 companies exhibited at the PDAC International Convention this month in Toronto, 114 had less than $200,000 in working capital and about half had market caps of less than $20 million ($20M).
None of the companies that you cover are that low on cash, but one will need to go to market within a yearThursday, March 21, 2013 |
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| Chris Powell - GATA |
| Ambrose Evans-Pritchard: Daylight robbery in Cyprus will come to haunt EMU |
| By Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 18, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100023466/da...
One's first reflex is to gasp at the stupidity of the EU policy elites, but truth is that most EU officials handling the Cyprus crisis know perfectly well that their masters have just set the slow fuse on a powder keg -- and they can only pray that it is slow.
The decision to expropriate Cypriot savers -- even the poorest -- was imposed by Germany, HThursday, March 21, 2013 |
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| Ben Traynor - Bullion Vault |
| Gold & Silver Trade Lower, Germany "Could Live Without Cyprus in Euro" |
| London Gold Market ReportGOLD dropped below $1610 an ounce Wednesday, as stocks, commodities and the Euro all regained some ground lost since news of the Cyprus bailout negotiations broke over the weekend."We still believe that an interim low was made in February and that the precious metal should reach the January low at "1625.77 in the weeks ahead," says Commerzbank senior technical analyst Axel Rudolph.Gold in Euros fell back below ?1250 an ounce as the Euro rallied from a four-month low agaiThursday, March 21, 2013 |
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| Goldmoney |
| James Turk's interview with Beurs Magazine |
| Since last summer the euro has been on the rise. Is that a trend you see continuing going forward?
JT: It’s hard to predict the euro’s moves against other fiat currencies. All are being debased at a rapid rate by central banks. This means that the euro doesn’t really stand out as a poor performer in this context. In fact over the last decade, it’s held its value slightly better than the US dollar, Chinese yuan, Indian rupee, Japanese yen and the British pound – as can be seen from the folloMonday, March 04, 2013 |
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| Mish - Global Economic Analysis |
| Germany Warns Against "Silvio the Savior" (And That May Backfire); Fake Horse Race Odds |
| Italians head to the polls on February 24-25 to replace the technocrat government of prime minister Mario Monti.
Pier Luigi Bersani, who heads the centre-left Bene Commune (Common Good) coalition was considered a shoo-in a few short weeks ago, at least in the Chamber (the lower house of parliament).
It's all up in the air now as Silvio Berlusconi, head of the centre-right Il Popolo della Libertà (the People of Freedom) has staged a massive rally in the polls (now blacked out). Berlusconi hasThursday, February 21, 2013 |
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| Mish - Global Economic Analysis |
| Europe à l’Hollandaise; Socialists Who Wrecked France, Demand the Same for Rest of Euroz |
| It's crystal clear Hollande's disastrous socialist policies are not working for France. The solution should be obvious, scrap the policies. Instead, Hollande wants a grand harmonization with the rest of Europe following the lead of France into the gutter.
Please consider Europe à l’Hollandaise, François Hollande’s flawed vision for Europe.
LEADERS keep talking about the future of Europe, yet none seems able to offer a clear vision. Angela Merkel speaks vaguely of the need for greater “EuropeaWednesday, February 13, 2013 |
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| Ben Traynor - Bullion Vault |
| Futures Market Retreat "Good for Gold in the Long Term", Spain Hit by Political Crisis |
| London Gold Market ReportFrom Ben TraynorWHOLESALE MARKET gold prices hovered just below $1665 per ounce Monday morning in London, having failed to hold onto gains in earlier Asian trading, as stocks and commodities also ticked lower along with the Euro, which retreated from recent highs following news of a political scandal in Spain.Silver erased most of Friday's gains this morning, dropping below $31.60 an ounce.The gold price in Euros meantime regained some ground this morning as the Euro felMonday, February 04, 2013 |
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 | Philippe Herlin - GoldBroker |
| Eurozone’s Fragile Structure |
| We won’t be cruel by reminding you that FrançoisHollande, recently, and his predecessor Nicolas Sarkozy, last spring, had declared the Eurozone crisis « over »... All the different bailout plans are only fragile undertakings, and the smallest shock can bring them down, as we know and are witnessing right now.Monday, December 17, 2012 |
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| Mish |
| EU Budget Laugh of the Day "No One Is Discussing Quality" |
| Fornow, the EU budgettalks havecollapsed. One majorproblemis cross agendas. All 27 nations have toagree to budget changes, and disputes aremany. The BBC reports hours of hardbargainingawait.
Countriesthatrelyheavilyon EUfunding,includingPoland andits ex-communistneighbours,wantcurrentspendinglevelsmaintained orraised.Friday, November 23, 2012 |
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