Articles related to Banking
 
Mark O'Byrne - gold.ie
Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver
– Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver – Most of Puerto Rico remains in the dark and without power three weeks after storm – With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash – Shortages of food, fuel and medicine with infrastructure repairs delayed – Power could be ‘out for months’ as 85% of people remain off the grid – Around 75% of ATMs disconnected – Electronic forms o
Monday, October 16, 2017
Steve Saville - Speculative Investor
Gold, the stock market and the yield curve
The yield curve is a remarkably useful leading indicator of major economic and financial-market events. For example, its long-term trend can be relied on to shift from flattening to steepening ahead of economic recessions and equity bear markets. Also, usually it will remain in a flattening trend while a monetary-inflation-fueled boom is in progress. That’s why I consider the yield curve’s trend to be one of the true fundamental drivers of both the stock market and the gold market. Not surprisin
Monday, October 16, 2017
Nathan Lewis - New World Economics
  The Silliness of the Bretton Woods Years
We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., and
Monday, October 16, 2017
Chris Powell - GATA
Another Swiss bank won't let customer see his gold, von Greyerz tells KWN
Swiss gold fund manager Egon von Greyerz today tells King World News that another Swiss bank has refused to let a substantial customer inspect the gold bars the bank claims to be vaulting for him. Von Greyerz reminds investors that they should not trust the banking system with their metal. His comments to KWN are posted here: https://kingworldnews.com/breaking-another-well-known-swiss-bank-has-jus...
Friday, October 13, 2017
Stewart Thomson - Graceland Update
Gold's Technical Line Of Concern
The traditional post jobs report rally for gold is in full swing. This is the daily gold chart. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released. The dollar has stalled against the yen, and that’s also good news for gold. Gold tends to stage great rallies in the days following the jobs report, and this rally is a particularly interesting one. Here’s why: First, Trump has ratcheted up his “hawk talk” in regards to North Korea and Iran. He’s scheduled to
Thursday, October 12, 2017
Keith Weiner - Monetary Metals
Stocks Up and Yields Down, Gold and Silver Report 8 Oct 2017
Many gold bugs make an implicit assumption. Gold is good, therefore it will go up. This is tempting but wrong (ignoring that gold does not go anywhere, it’s the dollar that goes down). One error is in thinking that now you have discovered a truth, everyone else will see it quickly. And there is a subtler error. The error is to think good things must go up. Sometimes they do, but why? First, we think it’s a cop-out to say, “well it’s all subjective.” If it were all subjective, then there would be
Monday, October 9, 2017
Egon von Greyerz - Matterhorn AM
10 FACTORS TO PROPEL GOLD 10 FOLD
Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge. No fear Markets are expressing no fear and seem very comfortable at or near all-time tops. There is no concern that stocks are massively overvalued or that bond rates are at historical lows and only have one way to go. Nor is anyone worried
Monday, October 9, 2017
Bullion Vault
Gold Price Sinks, Platinum -11 in 4 Weeks as Stocks Up, Vix Down to Record, US Fed 'Pencils In' Rate Hike
GOLD PRICES sank to 8-week lows against a rising Dollar on Friday as yesterday's fresh all-time highs in global equities were followed by US data showing joblessness in the world's largest economy falling to a fresh 16-year low. "I have penciled in a third rate hike in December," said Federal Reserve voting member Patrick Harker to CNBC on Thursday, "[although] we have to see how the inflation dynamics play out."
Friday, October 6, 2017
Mish - Global Economic Analysis
Futility at its Finest: Spanish Court Blocks Catalan Parliament from Declaring Independence; Civil War?
What’s the point in telling someone they cannot do something, you know full well they will? Prime minister Mariano Rajoy said there would be no Catalonia independence referendum. He lied. Despite sending in 10,000 troops to stop the referendum, there was a vote and it was 90% in favor of kissing Spain goodbye. On Thursday, the Spanish Court Blocked the Catalan Parliament from Declaring Independence. Wanna bet? Spain’s constitutional court has moved to stop the Catalan government making a unila
Friday, October 6, 2017
Andy Hoffman - Miles Franklin
Getting Schooled in Freedom
Hello Silver and Gold holders. I truly appreciate the chance to write for Miles Franklin and hope that you read, learn, and enjoy, the viewpoints from the new writers in our tribe. No one individual has it all down but as a team, we’re able to work thru the articles and news (so called) being pummeled out there by media groups failing at every turn to report anything factual within the financial arenas as well as the Middle American view. This truly is the topic of freedom in all its aspects and
Thursday, October 5, 2017
Jan Skoyles - GoldCore
Yahoo Hacking Highlights Cyber Risk and Increasing Importance of Physical Gold
– Yahoo admits every single one of 3 billion accounts hacked in 2013 data theft – Equifax hacking and security breach exposes half of the U.S. population – Some 143 million people vulnerable to identity theft – Deloitte hack compromised sensitive emails and client data – JP Morgan hacked and New York Fed hacked and robbed – International hacking group steals $300 million – Global digital banking  and financial system not secure Editor Mark O’Byrne Imagine there was a chemical disaster at a fact
Thursday, October 5, 2017
Michael Ballanger
The Monotonous Madness of Managed Markets
So there you have it. A clear breakout to all-time highs confirmed by every measure everywhere with momentum charging ahead and high-fives and champagne corks flying about with reckless abandon and serial glee. To quote Chuck Prince, who left Citigroup in 2007 with an exit bonus of around $12.5 million, $68 million in stock and options, $1.7 million pension, an office, a car and a driver for five years during which time Citigroup shed $64 BILLION in valuation, "As long as the music is playing, y
Thursday, October 5, 2017
Michael Pento - Delta Global Advisors
  Bitcoin is Not New and Improved Money 
Cryptocurrencies are being billed as a new and improved form of money that has been offered to us courtesy of technological evolution. There is a big problem with this conclusion. That is, digital money is not money at all. And proving this truth serves to underscore why gold has been utilized as the best form of money for thousands of years. In the 2013 film titled “Her,” lonely Theodore, played by Joaquin Phoenix, falls in love with Samantha, an operating system. Despite Samantha’s lack of phy
Wednesday, October 4, 2017
Chris Vermeulen - GoldandOilGuy
Are the US Markets setting up for an Early October Surprise?
Many analysts have recently warned that the US markets are setting up for a potentially massive correction, 40~70% some warn.  Our own analysis has shown massive market cycles that correlate with an October market correction.  Our VIX cycle analysis indicates that we should be expecting a spike in the VIX right now (within the next 3~4 days).  What does all this mean in reality for the average investor? As investors, we have to determine the amount of risk compared to the amount of potential gai
Tuesday, October 3, 2017
Chris Powell - GATA
HSBC, Deutsche Bank pay penalties for FX rate manipulation
Two major foreign banks, HSBC Holdings plc HSBC and Deutsche Bank AG DB , resolved legacy business misconduct matters in the United States. The banks were accused of rigging foreign exchange (FX) rates. HSBC was fined $175 million for its "unsafe and unsound practices in its foreign exchange trading business" by the Federal Reserve. The bank was accused of failure of oversight and internal control of its FX traders who buy/sell currencies "for the firm's own accounts and for customers." The
Tuesday, October 3, 2017
Mish - Global Economic Analysis
New Fed Playbook? Yellen Out? Warsh In?
In July, rumor had it that National Economic Council director Gary Cohn was a shoo-in to replace Yellen. That belief vanished when Cohn criticized Trump’s response to racial violence in Charlottesville. The smart money now believes former Federal Reserve governor Kevin Warsh is the favorite. Warsh met with Trump today. CNBC reports As Fed chief, Kevin Warsh Would ‘Break With the Old Playbook’. Should President Donald Trump choose Kevin Warsh to run the Federal Reserve, he’ll be getting someone
Monday, October 2, 2017
Bullion Vault
Wholesale Gold Bars Recover Half Week's Drop as China's Bank Funding Queried, UK Deficit Widens
GOLD BARS traded in London's wholesale market rose back to $1287 per ounce on Friday, halving the week's previous $20 loss as global stock markets rose within 0.5% of last week's new all-time high on the MSCI World Index. Major government bond prices rallied, easing longer-term interest rates lower from this week's jump, as commodities held flat overall. Silver traded 10 cents above its 6-week l
Friday, September 29, 2017
Michael Ballanger
Newton's Third Law
In late August, we decided to anchor our boat out in a place called Indian Harbour, a wonderful "safe haven" for boaters that love northern Georgian Bay, in an effort to make the most of what has been an absolutely dreadful summer for most people in the east-central part of Canada and the U.S. This little harbour is protected by a small sliver of rock and trees that separates it from the ravages of the prevailing westerlies which whip across the prairies gathering momentum until they descent upo
Friday, September 29, 2017
Mish - Global Economic Analysis
Bitcoin vs Dollars: Which One is a Fraud? Which One is a Ponzi Scheme?
Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“. Is Bitcoin a fraud? Or are dollars, euros, yen, and yuan a collective set of frauds? Which, if any are Ponzi schemes? Modern Finance is the Fraud In an article that I wish I had written myself, Viktor Shvets, head of Macquarie’s AsiaPac equity strategy, accurately explains “Modern Finance”, Not Bitcoin, Is The Real Fraud. Paragraphs rearranged for clarity. “Bitcoin is a sort of tulip… i
Friday, September 29, 2017
Jan Skoyles - GoldCore
  Gold Standard Resulted In “Fewer Catastrophes” – FT
Editor Mark O’Byrne – “Going off gold did the opposite of what many people think” – FT Alphaville – “Surprising” findings show benefits of Gold Standard –  Study by former Obama advisor in 1999 and speech by Bank of England economist in 2017 make case for gold – UK economy was ‘much less prone to extremes’ under than the gold standard – research shows – ‘Gold standard seems to have produced fewer catastrophes for Britain’ – data shows  – FT still wary of gold standard arguing ‘stability can be o
Friday, September 29, 2017
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