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Articles related to ECB
 
Mish - Global Economic Analysis
Two Italian Banks Fail: Bail-In Rules Changed to Protect ECB and Political Class from Losses?
On Friday the ECB Shut Down Venice-based Veneto Banca and Banca Popolare di Vicenza as failed or failing banks. The bailout cost is purportedly €5.2 billion ($5.8 billion), but costs nearly always exceed initial projections. Under the announcement, senior bondholders and depositors will be protected. The European Central Bank said Banco Popular was “failing or likely to fail” due to its dwindling cash reserves. The good assets of Banca Popolare di Vicenza and Veneto Banca will be taken on by I
Sunday, June 25, 2017
Andy Hoffman - Miles Franklin
The Post “Rate-hike” Manipulations-Are Nearly Dead
In 15 years of Cartel, PPT, and Fed “watching,” I’ve not seen anything like the manipulations since Election Day – which is quite amazing, considering the powers that be were clearly aligned with the status quo fronted by Hillary Clinton, and her band of criminal bankers, corporate CEOs, globalist politicians, and “fake news” mainstream media.  Why “they” chose to double down their manipulative efforts when the “Red Swan” fought through their historic election-rigging to win the Presidency is be
Saturday, June 24, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Edges Higher on the Week
USAGOLD/Peter Grant/06-23-17 Gold is modestly higher after bouncing from in front of important trendline/moving average support at 1241.30/1235.82 midweek. At this point, the yellow metal is slightly higher on the week. A higher close today would break the string of lower weekly closes in the two previous weeks and confirm a simple hook reversal on the weekly chart. Dovish comments from St. Louis Fed President James Bullard, show that Minneapolis Fed dissenter Neel Kashkari is not a lone voice i
Friday, June 23, 2017
Przemyslaw Radomski CFA - SunshineProfits
EUR/JPY Exchange Rate and Gold
We argued many times that the yellow metal behaves as a currency rather than as a commodity. Hence, macroeconomic factors and currency exchange rates affect the price of gold. In previous editions of the Market Overview, we analyzed the impact of the U.S. dollar and its exchange rate with the Euro and the Yen on the gold market. We pointed out that gold is negatively correlated with the greenback, so it moves in tandem with the Japanese or European common currency, as they are the major rivals o
Friday, June 23, 2017
Mish - Global Economic Analysis
Citizens Will Soon Turn their Rage Towards Central Bankers
Via Email, I received an interesting article from Albert Edwards at Societe Generale. Edwards claims citizens will soon turn their rage towards Central Bankers. In an age of “radical uncertainty” how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers? I expect central bank independence will be (and should be) the next casualty of the current poli
Friday, June 23, 2017
Phoenix Capital - Gains Pains & Capital
Your Future Wealth Depends on what You Decide to Keep and Invest in Now
Millienials look for instant gratification Spend half of their income on leisure Instant gratification doesn’t work if need to save for the future Savings rates falling, few have retirement funds Important to understand marginal difference between spending and pleasure Future wealth depends on what you decide to keep and invest in now This week the festival of all festivals begins, Glastonbury 2017. Ed Sheeran, Foo Fighters and Barry Gibb will each be singing to the 250,000 revellers who are cu
Thursday, June 22, 2017
Thorsten Polleit -
The Super Bubble Is in Trouble
You do not need to be a financial market wizard to see that especially bond markets have reached bubble territory: bond prices have become artificially inflated by central banks' unprecedented monetary policies. For instance, the price-earnings-ratio for the US 10-year Treasury yield stands around 44, while the equivalent for the euro zone trades at 85. In other words, the investor has to wait 44 years (and 85 years, respectively) to recover the bonds' purchasing price through coupon payments.Me
Wednesday, June 21, 2017
Adrian Ash - Bullion Vault
SP 2400 Party People
Plastic face, can't smile, white out... SO EVERYONE agrees this is nuts, writes Adrian Ash at BullionVault.  But no-one wants to do a damn thing about it.  Sound familiar?  "Record number of fund managers consider equities overvalued," says the latest Bank o
Tuesday, June 20, 2017
USA GOLD - USA Gold
ECB shifts some reserves to yuan from U.S. dollars
Reuters/Balazs Koranyi/06-13-17 The European Central Bank has switched 500 million euros worth of its U.S. dollar reserves to yuan, reflecting the increased use of the Chinese currency and Beijing’s importance as one of the euro area’s largest trading partners, it said on Tuesday. “The ECB sold a small portion of its US dollar holdings, which remain the largest portfolio, leaving the overall size of the ECB’s foreign reserves unchanged. “The ECB’s foreign reserves now comprise US dollars, Japane
Friday, June 16, 2017
Mish - Global Economic Analysis
Batty Ideas: Boiling Frogs and BATs
The widely believed boiling frog theory says if put a frog in boiling water it will jump out but if you slowly raise the temperature it will stay in until it dies. The theory is wrong, frogs will not stay in water to be slowly boiled to death. Nonetheless, the boil them slowly idea lingers on in many forms. For example, Rep. Kevin Brady Floats 5-Year Phase-In of Border Adjustment Tax. The top House Republican tax legislator floated a five-year phase-in to his controversial “border adjustment”
Friday, June 16, 2017
Michael J. Kosares - USA Gold
ECB buys renminbi for reserves
The Financial Times reports this morning that the European Central Bank gave a “seal of approval” to the Chinese renminbi with a purchase of 500 million euros worth  of the currrency for its reserves – a small transaction but with “huge symbolic significance.”  It is also important symbolically that the ECB sold dollars to purchase the renminbi. This ECB purchase may be the most important development to date with respect to China’s establishing the yuan as a global reserve currency, and a respon
Thursday, June 15, 2017
Bullion Vault
Gold Prices Jump as Dollar Falls Before Fed on Weak US Data
GOLD PRICES popped to a 4-session high at $1277 per ounce Wednesday lunchtime in London as the US Dollar sank ahead of the Federal Reserve's long-expected June interest-rate decision following weaker-than-forecast economic data. US retail sales fell in May, down 0.3% from April to defy analyst predictions of a slight rise. Consumer price inflation also slowed, pulling the official index 0.1% low
Wednesday, June 14, 2017
Mark O'Byrne - gold.ie
Brexit and UK election impact UK housing
Growing evidence of slowdown in UK property market Slow-down in activity in UK housing market in run up to UK election Average UK house prices dropped in the three months to May Halifax report annual house price growth fallen to a four-year low of 3.3 percent. “Political instability breeds procrastination on the part of homebuyers and sellers” Sterling drop will increase divide in housing market, first time buyers continue to struggle House price growth has lost momentum, volumes continue to dro
Wednesday, June 14, 2017
Andy Hoffman - Miles Franklin
The Fed’s Last “Rate Hike”
Today, let’s start with one of my “favorite” topics, given my strong belief that OPEC’s highly visible death throes presage the epic level of chaos the gold Cartel will eventually experience when it spectacularly fails – per what I wrote in last month’s “OPEC, like the London Gold Pool, proving Cartel’s always fail.”  To that end, no blog I am aware of – outside of those focused principally on energy – has expended more digital ink on this topic – given how confident that, contrary to the all-ti
Wednesday, June 14, 2017
Mish - Global Economic Analysis
Two More Spanish Banks Hit By Contagion: Another Deflationary Bust Coming Up
Five days ago the Telegraph reported Santander Buys Struggling Spanish Bank Popular for €1. The Article called it a “watershed deal masterminded by EU regulators to avoid a damaging collapse.” Reality is quite a bit different as two more Spanish banks are in serious trouble. First, let’s finish some details about Banco Popular from the Telegraph article. Santander will tap its shareholders for €7bn in a rights issue to raise the capital needed to shore-up Popular’s finances in a dramatic privat
Tuesday, June 13, 2017
Andy Hoffman - Miles Franklin
Platinum, The Forgotten Precious Metal-Revisited
My good friend Adam Meister – i.e, the “Bitcoin Meister” of (rapidly increasing) YouTube fame – sagely stated today, “you get rich slowly, and poor quickly” – which goes double for those utilizing traditional valuation metrics in historically manipulated markets.  Fortunately, no financial manipulation, throughout the course of history, has ended well; and now that the “custodians” of history’s largest, most destructive fiat Ponzi have reached their ‘trapped rats on a sinking ship’ moment, the “
Tuesday, June 13, 2017
Phoenix Capital - Gains Pains & Capital
Draghi Confesses: Eurozone Needs ECB Cash
Whereas some members of the governing council of the European Central Bank were hinting the monetary policy would return back to ‘normal’ sooner rather than later, Mario Draghi, the president of the ECB, had a completely different opinion when he testified at the European Parliament. According to Draghi, all stimulus measures need to remain in place until the Eurozone returns to a normalized inflation rate, and reducing the efforts of the ECB aren’t even being discussed. Draghi did confirm t
Saturday, June 10, 2017
Mark O'Byrne - gold.ie
4 Charts Show Gold May Be Heading Much Higher
by Alex Rosenberg of CNBC Gold just hit its highest level since election night, and some see more upside ahead for the precious metal. Gold experienced “a textbook breakout from a symmetrical triangle or wedge,” Rich Ross, technical analyst with Evercore ISI, said Tuesday on CNBC’s “Power Lunch.” “That’s quite bullish,” Ross added. He also pointed out that gold’s 50-day moving average has broken above its 200-day moving average, which is commonly seen as a sign of accelerating momentum. Meanwhi
Saturday, June 10, 2017
Andy Hoffman - Miles Franklin
What Does The UK Vote “Mean” To Precious Metals? 
It’s Friday morning, and for those worried that yesterday’s $4 billion “sell” of unbacked paper gold – nearly twice the COMEX’s registered physical inventory; and this morning’s equally egregious COMEX-opening raid, symbolize a change for the worse, fear not.  Clearly, the 200-week moving average and 5½ year downtrend line wars are not over – as I assure you, when they are inevitably breached, to the point that traders feel confident in the trend change’s “legs,” the breakout will be extremely p
Saturday, June 10, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Retreats, But Risks Abound
USAGOLD/Peter Grant/06-09-17 Gold is poised to close lower on the week, after eking out a new high for the year on Tuesday. Yesterday’s raft of risk events drove safe-haven interest early in the week, but now that all that is behind us, some of those haven trades are getting unwound. Make no mistake though, risk still abound, on the economic as well as the political and geopolitical fronts. In fact, some of the events that markets seem to be considering safely behind us have generated additional
Friday, June 9, 2017
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