Articles related to ECB
Przemyslaw Radomski CFA - SunshineProfits
Are We Going to $1,120 or $1,510 No Matter What, Own Some Gold!
Who will win: bulls or bears? The LBMA published its annual forecast survey for precious metals prices in 2018. Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed? Summary of the Survey The views of about 30 analysts in the 2018 forecasts are strongly divergent. The average price of gold is projected to be $1,318, so it is expected to be around the current level, but almost 5 percent higher than the last year’s average of $1,257.12. However, the average gold p
Friday, March 16, 2018
Bullion Vault
Gold Prices Fall vs Sterling, Moscow Equities Drop as UK-Russia Tensions Worsen
GOLD PRICES spiked to a 1-week high before retreating against a volatile US Dollar in London trade Wednesday as Russia promised retailiation over the UK expelling 23 diplomats as "undeclared intelligence officers" following the poisoning of a former spy with toxic nerve agent. The UK also said it is tightening checks on Russian state-owned assets in Britian, and the Royal family will not attend this summer's football World Cup, but
Thursday, March 15, 2018
Przemyslaw Radomski CFA - SunshineProfits
Unbiased Gold Analysis of Draghi Dropping the Bias
The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do? Hawks Awaken in Frankfurt… A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement: (…) if the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, we stand r
Wednesday, March 14, 2018
Egon von Greyerz - Matterhorn AM
Central bank heads have been at it again last week. And they have clearly all been singing from the same hymn sheet. The messages have been very similar from the bosses of the Fed, ECB and BOJ. The head of the Swedish Riksbank had a different and much more interesting message. More about that later. Why should we ever listen to any of these self-important central bankers. They are consistently inaccurate in their forecasts and policies. Their timing is always wrong as they are always behind the
Friday, March 9, 2018
Bullion Vault
Gold and Silver Trading Down to New Euro Lows as ECB Cuts 42 Words on QE
GOLD and SILVER TRADING in London's wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the European Central Bank dropped a commitment to boost its QE stimulus if the economic or financial outlook worsens. Platinum prices also fell hard against the Euro as the ECB cut 42 words first used in March 2016 from its monetary policy statement.
Friday, March 9, 2018
Przemyslaw Radomski CFA - SunshineProfits
Stock Market Shrugs Off Trade War Fears, But Will It Go Higher
Wednesday's trading session was overall bullish, as the main stock market indexes closed between -0.3% and +0.3% vs. their Tuesday's closing prices following much lower opening in reaction to Gary Cohn's resignation's news. The S&P 500 index closed virtually flat after bouncing off support level at 2,700. It currently trades around 5% below January 26 record high of 2,872.87. The Dow Jones Industrial Average lost 0.3%, and the technology Nasdaq Composite gained 0.3% on Wednesday.Technical outloo
Friday, March 9, 2018
Mark O'Byrne -
Gold Does Not Fear Interest Rate Hikes
– Gold no longer fears or pays attention to Fed announcements regarding interest rates – Renewed interest in gold due to inflation fears and concern Fed won’t do enough to control it – Higher interest rates on horizon will make debt levels unsustainable – New Fed Chair warns “the US is not on a sustainable fiscal path” and could lead to an “unsustainable” debt load – Higher interest rates are good for gold as seen in the 1970s and 2000s – Gold markets aware that central banks are running out of
Thursday, March 8, 2018
Alasdair Macleod - Finance and Eco.
Currency exchange value dynamics
In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use
Thursday, March 1, 2018
Mish - Global Economic Analysis
Chart Predicts Every Market Crash in History
The Fed blows bubbles. Then it eventually pops them. Where are we in the cycle? Bill Bonner writes This Has Predicted Every Market Crash in History. I recreated the chart in Fred and added trendlines. But let's tune in to Bill Bonner. “Buy the dip” has worked for the last 38 years. And now, investors are more than 100% convinced that it will work again. But they are wrong. Every major stock market decline and every recession in the last 100 years was preceded by the Federal Reserve raising sho
Thursday, March 1, 2018
Mark O'Byrne -
Weekly Briefing: Currency Wars – ECB Warns Re Trump, Russia and Turkey Buy Gold and BOE Bitcoin Warning
Russian Central Bank Buys Gold 600,000 Ounces In January As Venezuela Launches ‘Petro Gold’ US-China Trade War Escalates As Further Measures Are Taken Bank Bail-In Risk In European Countries Seen In 5 Key Charts News and Commentary Source: ZeroHedge via Econimica blog Gold Prices (LBMA AM) 23 Feb: USD 1,328.90, GBP 951.09 & EUR 1,079.20 per ounce 22 Feb: USD 1,323.50, GBP 952.66 & EUR 1,076.40 per ounce 21 Feb: USD 1,328.60, GBP 952.87 & EUR 1,078.16 per ounce 20 Feb: USD 1,337.40,
Saturday, February 24, 2018
Egon von Greyerz - Matterhorn AM
In the old Greek mythology, the opening of Pandora’s box unleashed many evils on the world. Within the next few years, we will see a modern Pandora’s box being opened that will lead to events in the world which will be as devastating as when the ancient box was opened. The very big difference is that this time the consequences will not be part of historical mythology. Instead they will be real and catastrophic for the whole world on a scale never experienced in history. Pandora – the all giving
Friday, February 23, 2018
Chris Powell - GATA
ECB minutes highlight policymakers' fears over currency wars
FRANKFURT, Germany -- The extent of European officials' concerns over the weakness of the dollar was laid bare on Thursday in a set of European Central Bank accounts that highlighted fears that the U.S. administration was deliberately trying to engage in currency wars. The accounts of the ECB's January monetary policy vote also reveal that the governing council's hawks pushed for a change in the bank's communications, saying economic conditions were now strong enough to drop a commitment to boos
Thursday, February 22, 2018
Michael Pento - Delta Global Advisors
Four Percent 10-year Note Yield Will Be a Floor No...
The two most important factors in determining the level of sovereign bond yields are the credit and inflation risks extant within a nation. When determining a country’s ability to service its debt investors must analyze not only the absolute debt level, but also the ratios of debt and deficits to GDP. In addition, the current rate of inflation must also be viewed within the context of debt in order to make an accurate assumption as to the level of future inflation. When analyzing historical meas
Wednesday, February 21, 2018
Mark O'Byrne -
Bank Bail-In Risk In European Countries Seen In 5 Key Charts
Bank Bail-In Risk In Europe Seen In 5 Charts – Nearly €1 trillion in non-performing loans poses risks to European banks’– Greece has highest non-performing loans as a share of total credit – Italy has the biggest pile of bad debt in absolute terms– Bad debt in Italy is still “a major problem” which has to be addressed – ECB– Level of bad loans in Italy remains above that seen before the financial crisis – Deposits in banks in Greece, Cyprus, Italy, Ireland, Czech Republic and Portugal most at ri
Tuesday, February 20, 2018
Chris Martenson
The Worst Threat We Face Is Right Here At Home
Last week, volatility made a long-overdue return to the US and global equity markets. It began with a 2-day back-to-back violent drop. Day 3 saw a big rebound, swiftly followed by two more days of gut-wrentching losses. And then finally, last Friday, the day saw massive swings both high and low, ending with a huge upside run. During this period the S&P 500 lost more than 300 points.  Since then, though, the market has been steadily rising. Is the danger past?  Are the markets safe once more?  
Friday, February 16, 2018
Axel Merk - Merk Fund
This Time is Different. Really!
Axel Merk, Merk Investments February 13, 2018  Follow @AxelMerk Tweet “Don’t panic, buy the dip, who cares?” or “These are rumblings of an earthquake, people will be hurt like in 1929” - which one is it? I would call it a wake-up call. Let me explain: In recent years, markets had appeared eerily “safe”. Central banks promised to do “whatever it takes”, provided “forward guidance” to keep rates low, even printed money to
Tuesday, February 13, 2018
Michael Pento - Delta Global Advisors
Global Synchronized Bond Collapse
We have all heard, in ad nauseam fashion, Wall Street’s current favorite mantra touting a global synchronized economic recovery. For the record, global GDP growth for 2017 was 3.7%, according to the International Monetary Fund. And, although this is an improvement from recent years, you must take into account that in 2004 it was 4.4%, in 2005 it was 3.8%, in 2006 it was 4.3%, and in 2007 it was 4.2%. The Point being, it’s not as if the current rate of global growth has climbed to a level never b
Sunday, February 11, 2018
Adam Hamilton - Zealllc
Stock Selling Unleashed!
The unnaturally-tranquil stock markets suddenly plunged over this past week.  Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions.  This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don’t rally forever.  With stock selling unleashed again, herd psychology will start shifting back to bearish which will fuel lots more selling. As a contrarian student of
Sunday, February 11, 2018
Przemyslaw Radomski CFA - SunshineProfits
Mars and Mercury Decide the Fate of the U.S. Dollar and Gold
The U.S. dollar has been bleeding recently, despite all the Fed’s tightening efforts and the passage of Trump’s tax cuts. An accelerating economy, rising interest rates and pro-growth reforms should logically drive the value of the American currency. But they didn’t. Given the strong negative correlation between the greenback and gold, finding the cause behind the dollar’s wounds is highly critical. The most common explanation among analysts is Trump the Destroyer. It shouldn’t be surprising, as
Friday, February 9, 2018
Chris Martenson
It's Looking A Lot Like 2008 Now...
Economic and market conditions are eerily like they were in late 2007/early 2008. Remember back then? Everything was going great.  Home prices were soaring. Jobs were plentiful. The great cultural marketing machine was busy proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Greenspan and later Ben Bernanke. And only a small cadre of cranks, like me, was singing a different tune; warning instead that a painful reckoning in our financial system w
Tuesday, February 6, 2018