Articles related to ECB
 
Przemyslaw Radomski CFA - SunshineProfits
Austria, Catalonia and Gold
On Sunday, there was an election in Austria, while on Monday, the Catalan leader failed to clarify the independence call. What do these events mean for the gold market? After parliamentary election held on Sunday, Austria turned right. The conservative Austrian People’s Party emerged as the largest party in the National Council with 31.4 percent of votes. The Freedom Party of Austria, which is a right-wing populist party, gained 27.4 percent, while the Social Democratic Party of Austria got 26.7
Thursday, October 19, 2017
Przemyslaw Radomski CFA - SunshineProfits
G30 Banking Seminar 2017 and Gold
On Sunday, there was a meeting of international central bankers. What does it imply for the gold market? After a week of meetings between the World Bank and the IMF, there was the G30 banking seminar. The group of speakers included Janet Yellen from the Fed, the ECB Vice President Vítor Constâncio and Bank of Japan Governor Haruhiko Kuroda. Yellen sounded hawkish, as her “best guess” was that consumer prices would soon accelerate after a period of surprisingly soft inflation. Even though at the 
Thursday, October 19, 2017
Keith Weiner - Monetary Metals
Falling Productivity of Debt
Last week, we discussed the ongoing fall of dividend, and especially earnings, yields. This Report is not a stock letter, and we make no stock market predictions. We talk about this phenomenon to make a different point. The discount rate has fallen to a very low level indeed. Discount in stocks is how you assess the present-day value of earnings to occur in the future. For example, if the discount rate is 10%, then a dollar of earnings per share at Acme Piping next year is worth $0.90 today. At
Wednesday, October 18, 2017
Charleston Voice
  Germany's Stolen Gold Reserves - Times are changing - the debts remain (Russian)
Is the US Fedkeeping doublebookkeeper entries -addingGermany's plusothergovernments' goldincluded in the USclaimedreserves of 8,100+ tons? Show metheyaren't. STERN REMINDER:It's notownershipthatcounts - -it'salwayswho has CONTROL! Bereminded ofthistruismwhenitcomes toyourownpersonalbankdeposits and "safe"deposit boxes.
Wednesday, October 18, 2017
Adrian Ash - Bullion Vault
LBMA 2017: Spain, Silver and 'Lower Forever'
Precious metals history and macro-outlook from LBMA conference... LITTLE so far on precious metals prices or supply and demand at LBMA 2017 here in Barcelona, writes Adrian Ash at BullionVault. Not directly at least. But the market itself cares little about price direction. The refiners, carriers, vaulters, dealers, brokers and bankers meeting at the London Bullion Market Association's annual conference focus instead on volumes, margin and – most of all – get
Monday, October 16, 2017
Bullion Vault
Silver + Gold Jump as China Returns from Holidays, N.Korea + Catalonia Tensions 'Support' After Comex Bulls Retreat
GOLD and SILVER edged higher against a falling Dollar in Asian and London trade Monday, each gaining half-a-per-cent after traders in world No.1 consumer country China returned from national holidays. Gold prices at one point touched $1284 per ounce, some 1.9% above Friday's fresh 8-week low, as the US currency retreated against major rivals and world stock markets fell for a second day from last week's fresh all-time record highs.
Wednesday, October 11, 2017
Bullion Vault
Gold Bullion 'In Demand' as Dollar Slips, Fed Minutes Due, Madrid Faces Down Catalan Leader
GOLD BULLION held flat against a falling US Dollar on Wednesday, trading at $1290 per ounce as Madrid delayed taking control of breakaway Spanish region Catalonia after the governor in Barcelona delayed a formal proclamation of independence. New Japanese data showed strong growth in orders for both machinery and machine tools. Major government bond prices edged down with global stock markets, nu
Tuesday, October 10, 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
Przemyslaw Radomski CFA - SunshineProfits
September 2017 ECB Minutes and Gold
Yesterday, the minutes of the ECB’s September meeting were released. What do they say about the ECB stance and what do they mean for the gold market? After a short trip to Japan, we return to Europe. On Thursday, the European Central Bank issued the minutes from its September meeting. They were considered by the markets as dovish. This is because they showed that the officials were worried about the appreciation of the euro. Peter Praet, an executive board member and chief economist at the ECB,
Friday, October 6, 2017
Mish - Global Economic Analysis
World’s Biggest Ever Junk Bond Bubble in Pictures: What Hath Draghi Wrought? 
In regards to ECB QE bond purchases, inquiring minds may be asking: What hath ECB president Mario Draghi wrought? I can explain in one picture. The answer in words: The world’s biggest junk bond bubble. I prefer gold. On August 4, I commented on the Bubblicious Debate: Greenspan Says “Bond Bubble About to Break”, No Stock Market Bubble There’s a bond bubble for sure, but it’s in corporate bonds, not treasuries. This also isn’t the first time Greenspan has expressed concern about a bond bubble.
Friday, October 6, 2017
Alasdair Macleod - Finance and Eco.
The upcoming increase in interest rates
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and the Bank of Japan must be considering similar moves.Central banks coordinate their monetary policies as much as possible, which is why we can take the view we are about to embark on a new policy phase of higher interest rates. The intention of this new phase must be to normalise
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
Keith Weiner - Monetary Metals
Is That a Feature or a Bug?
We have covered many reasons why bitcoin is unsound and not money. It’s a ledger of unbacked liabilities. It is designed to have finite quantity but therefore indeterminate and hence volatile value. This makes it unusable for borrowing or lending and hence savings, but a great a vehicle for conversion of one person’s wealth into another’s income. It is not a commodity—discussion of the usefulness of the network notwithstanding—nor is it backed by a commodity or any asset. It is a perfect, crypto
Monday, October 2, 2017
Bullion Vault
Gold Price Hits 6-Week Dollar Low as Euro Falls After Catalonia Vote, Comex Speculators Pull Back
GOLD PRICES fell to new 6-week lows in London trade Monday as the Dollar rose and world stock markets edged higher. The Euro slipped after Sunday's clashes with civil police in Spain's Catalonia region as people voted for independence in what the national government called an illegal ballot. "With this day of hope and suffering," said regional president Carles Puigdemont in Barcelona, "the citiz
Monday, October 2, 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
Mac Slavo - ShtfPlan
You’re Likely A Lot Less Prepared For Crisis Than You Realize
This article was originally published by Chris Martenson at PeakProsperity.com It seems as if Mother Nature is waking up. Either she’s trying to send humans an important warning, or perhaps she’s just out to kill us all. Massive storms across the globe, earthquakes, and collapsing ecosystems all combine to remind us that we are indeed intimately connected to our planet’s natural systems. And that our well-being rests on staying on Mother Nature’s good side. Well, Mother Nature has seemed pretty
Monday, September 25, 2017
Mish - Global Economic Analysis
Another Look at Capital Flight in Italy and Spain: ECB’s Target2 Explanation is False
The ECB claims that Target2 does not represent capital flight. Evidence says the ECB is wrong, especially for Italy and Spain. I have discussed this previously, but let’s recap Target2 before taking a look at new charts. Project Syndicate writer, Hans-Werner Sinn, explains why the ECB’s asset purchases and Target2 imbalances constitute “Europe’s Secret Bailout”. Under the ECB’s QE program, which started in March 2015, eurozone members’ central banks buy private market securities for €1.74 tril
Monday, September 25, 2017
Chris Martenson
You're Likely A Lot Less Prepared For Crisis Than You Realize
It seems as if Mother Nature is waking up. Either she's trying to send humans an important warning, or perhaps she's just out to kill us all. Massive storms across the globe, earthquakes, and collapsing ecosystems all combine to remind us that we are indeed intimately connected to our planet's natural systems. And that our well-being rests on staying on Mother Nature's good side. Well, Mother Nature has seemed pretty pissed at us of late. Her recent punishments should be taken as a disciplinary
Saturday, September 23, 2017
Jan Skoyles - GoldCore
Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms
– £1 trillion crisis looms as pensions deficit and consumer loans snowball out of control – UK pensions deficit soared by £100B to £710B, last month – £200B unsecured consumer credit “time bomb” warn FCA – 8.3 million people in UK with debt problems – 2.2 million people in UK are in financial distress – ‘President Trump land’ there is a savings gap of $70 trillion – Global problem as pensions gap of developed countries growing by $28B per day Editor: Mark O’Byrne There is a £1 trillion debt tim
Friday, September 22, 2017
Alasdair Macleod - Finance and Eco.
The forthcoming global crisis
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle.Most national economies are directly boosted by China, the important exception being America. This is confirmed by dollar weakness, which is expected to continue. The likely trigger for the crisis will be from the Eurozone, where the shift in monetary policy and the collapse in bond prices will be greates
Thursday, September 21, 2017
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