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| Bullion Vault |
| Gold Prices Bounce from Comex Sell-Off as Fed Looks to 3x Rate Hikes in 2018 |
| GOLD PRICES traded in a narrow $5 range above last week's close on Monday morning in London as expectations held firm for a US Fed rate hike next month and the British Pound dropped amid fresh doubts over Prime Minister Theresa May's leadership, writes Steffen Grosshauser at BullionVault.
Gold prices climbed to $1279 per ounce after posting its biggest daily decline in three weeks in Friday's session, falling below the 100-day moving average as Monday, November 13, 2017 |
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 | Mish - Global Economic Analysis |
| Dear ECB, What’s in Your Wallet |
| Last week the ECB reported that its balance sheet Expanded by €11.26 billion to €3.249 trillion.
What is the makeup? How has that increased over time? What is the ECB doing now?
ECB Balance Sheet Expansion Since 2007
Balance Sheet Makeup Year End 2015
The above chart from Europa, anecdotes by Mish.
Adventures in QE
On March 10 2016, the ECB announced it would start buying corporate bonds.
At that time, Bloomberg reported Next Stop on ECB QE Adventure: $980 Billion Corporate Debt.
The next taThursday, July 21, 2016 |
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| 24hGold - Reuters |
| PRESS DIGEST- Financial Times - Jan 28 |
| Jan 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines AREVA MOVE PILES PRESSURE ON EDF (http://on.ft.com/1NBXcOu) NORTH SEA OIL HANDED EMERGENCY FUNDING (http://on.ft.com/1NBXq8v) ZEUS EXPECTED TO DROP BID FOR NOVUM (http://on.ft.com/1NBXHrX) Thursday, January 28, 2016 |
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| 24hGold - Reuters |
| Court cuts cost of gas Eni sold to Edison by 1 bln euros |
| (Refiles to remove company code) MILAN, Nov 27 (Reuters) - An international arbitration court has cut by around 1 billion euros ($1.06 billion) the cost of Libyan gas that Italian oil group Eni has sold to rival Edison under a long-term supply contract. Edison, a unit of French energy giant EDF, said it expected the ruling to have a positive impact of 850 million euros this year on its earnings before interest, tax, depreciation and amortisation (EBITDA). Friday, November 27, 2015 |
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| 24hGold - Reuters |
| Nuclear exit unthinkable for climate conference host France |
| * France relies more on nuclear power than any other nation * Study shows country could switch to 100 pct renewables * But government withheld report ahead of parliament debate * Industry wants conference to support carbon-free nuclear By Geert De Clercq PARIS, Nov 25 (Reuters) - Early this year, France's state energy and environment agency was set to publish a study that found the country could realistically abandon nuclear reacWednesday, November 25, 2015 |
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| 24hGold - Reuters |
| Big firms say EU carbon reforms do not go far enough |
| * Commissioner says plans represent "evolution not revolution" * Poland still considering legal action following earlier reform By Barbara Lewis BRUSSELS, Oct 26 (Reuters) - Proposed reforms to the EU carbon market do not go far enough and need to be supplemented by a phase-out of fossil fuel subsidies, a group of major companies said in an open letter to European Union environment ministers meeting on Monday. The European Commission in JMonday, October 26, 2015 |
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| 24hGold - Associated Press |
| Xi to ink nuclear power deal as UK seeks Chinese investment |
| LONDON (AP) -- Britain will be China's "partner of choice" in the West, Prime Minister David Cameron declared Wednesday, as China demonstrated its commitment by putting down a 6 billion-pound ($9.3 billion) stake in the U.K.'s first nuclear power plant since the 1980s.
Chinese President Xi Jinping signed the nuclear agreement on the second day of a four-day visit that has seen the two countries agree more than 30 billion pounds ($46 billion) in business deals.
Wednesday, October 21, 2015 |
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| 24hGold - Reuters |
| China's CGN signs $9 bln British nuclear deal in return for own project |
| * Hinkley Point start-up date delayed to 2025 * EDF to help CGN gain UK reactor licence (Adds details, background, comments) By Karolin Schaps and Geert De Clercq LONDON/PARIS, Oct 21 (Reuters) - China has agreed to invest 6 billion pounds ($9 billion) in EDF's Hinkley Point nuclear project, Britain's first new nuclear plant in a generation, in return for help to bring its own nuclear technology to the West in a subsequent project. ChinWednesday, October 21, 2015 |
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| 24hGold - Reuters |
| PRESS DIGEST- Financial Times - Oct 19 |
| Oct 19 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Cryan clears the decks at Deutsche (http://on.ft.com/1LEcOVp) Volkswagen 'co-operating fully' after police raid French offices (http://on.ft.com/1MNmDBk) EDF looks to sell 10 bln euros of assets to Monday, October 19, 2015 |
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| 24hGold - Reuters |
| Total targets 8 percent of French B2B electricity market |
| PARIS, Sept 29 (Reuters) - Total Energie Gaz, a subsidiary of oil and gas major Total, said on Tuesday that it had entered the French business-to-business retail electricity market with the aim of capturing some eight percent of the market within 10 years. The unit, which has been trading natural gas for a decade and reported a turnover of 1.1 billion euros ($1.23 billion) in 2014, will target small and medium-size enterprises and other industries. It will start Tuesday, September 29, 2015 |
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| 24hGold - Reuters |
| Total targets 8 percent of French B2B electricity market |
| PARIS, Sept 29 (Reuters) - Total Energie Gaz, a subsidiary of oil and gas major Total, said on Tuesday that it had entered the French business-to-business retail electricity market with the aim of capturing some eight percent of the market within 10 years. The unit, which has been trading natural gas for a decade and reported a turnover of 1.1 billion euros ($1.23 billion) in 2014, will target small and medium-size enterprises and other industries. It will start Tuesday, September 29, 2015 |
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| 24hGold - Noodls |
| Alstom hiring people at its Saint-Nazaire offshore wind turbine industrial facility |
| The plant has 73 operator positions to fill, as well as 6 quality inspector, 3 Team Leader and 3 technician positions. 'The operators will have a crucial role to play in seeing the projects through, for the assembly line since the Haliade™ 150-6MW wind turbines will be resting upon their shoulders,' explains Pascal Girault, the Director of the Saint-Nazaire industrial plant.' As for the Quality Inspectors and Team Leaders, they will ensure product quality and team cohesion.'
For this campaign,Saturday, September 26, 2015 |
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| 24hGold - Reuters |
| PRESS DIGEST- British Business - Sept 24 |
| Sept 24 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times EDF is working on an improved design for its nuclear reactor that is easier and cheaper to build, but it will not be ready in time to be used at Hinkley Point or Sizewell, according to Chief Executive Officer Jean-Bernard Lévy. (http://thetim.es/1KvZxfR)Thursday, September 24, 2015 |
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| 24hGold - Yahoo |
| Cheniere Energy to Divest 24 Cargoes to French Firm EDF |
| U.S. liquefied natural gas (“LNG”) exporter Cheniere Energy, Inc LNG announced that it has inked a deal to divest about 24 cargoes to French energy giant Électricité de France, S.A. (EDF) from 2017 through 2018.Under the deal, the sales price of the shipments will be linked to the Title Transfer Facility (“TTF”) in the Netherlands, which is the biggest and the most liquid gas trading point in continental Europe.Interestingly, per an industry source, Cheniere has reserved cancellation options as Wednesday, September 23, 2015 |
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| 24hGold - Yahoo |
| Midweek Sector Update: Iran Holding Up Its End Of The Bargain, So Far |
| The International Atomic Energy Agency (IAEA) says that Iran is on track with its obligations under the landmark nuclear agreement reached in July. The head of the IAEA, Yukiya Amano, confirmed that the agency’s inspectors were in Iran and had access to the Parchin military site as part of its investigation into Iran’s past nuclear activities. Amano says that Iranian officials cooperated and granted access to investigators. IAEA personnel have long been barred from the Parchin facility, where thTuesday, September 22, 2015 |
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| 24hGold - Yahoo |
| Midweek Sector Update: Iran Holding Up Its End Of The Bargain, So Far |
| The International Atomic Energy Agency (IAEA) says that Iran is on track with its obligations under the landmark nuclear agreement reached in July. The head of the IAEA, Yukiya Amano, confirmed that the agency’s inspectors were in Iran and had access to the Parchin military site as part of its investigation into Iran’s past nuclear activities. Amano says that Iranian officials cooperated and granted access to investigators. IAEA personnel have long been barred from the Parchin facility, where thTuesday, September 22, 2015 |
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| 24hGold - Noodls |
| Alstom hiring people at its Saint-Nazaire offshore wind turbine industrial facility |
| Alstom continues spurring the job market in the Pays de la Loire Region, especially in the Saint Nazaire area. The Group is currently hiring people in the area, mostly operators, to work in the offshore wind turbine plant which was inaugurated in December 2014. Launched in the summer, the campaign will stretch until December 2015. In particular, it aims at executing the contract awarded to Alstom for the delivery of five Haliade™ 150-6MW units to the United States' first offshore windfarm in BloTuesday, September 22, 2015 |
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| 24hGold - Reuters |
| Cheniere signs deal to sell 24 LNG cargoes to France's EDF |
| MILAN, Sept 21 (Reuters) - U.S. liquefied natural gas (LNG) exporter Cheniere Energy announced on Monday a deal to sell up to 24 cargoes to French energy giant EDF from 2017 through 2018. Under the deal, the sales price of the shipments will be linked to the Title Transfer Facility (TTF) in the Netherlands, continental Europe's biggest and most liquid gas trading point. But an industry source said Cheniere retained cancellation options as part of its deal with EDF,Monday, September 21, 2015 |
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| 24hGold - Reuters |
| Cheniere signs deal to sell 24 LNG cargoes to France's EDF |
| MILAN, Sept 21 (Reuters) - U.S. liquefied natural gas (LNG) exporter Cheniere Energy announced on Monday a deal to sell up to 24 cargoes to French energy giant EDF from 2017 through 2018. Under the deal, the sales price of the shipments will be linked to the Title Transfer Facility (TTF) in the Netherlands, continental Europe's biggest and most liquid gas trading point. But an industry source said Cheniere retained cancellation options as part of its deal with EDF,Monday, September 21, 2015 |
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| 24hGold - Noodls |
| Cheniere Marketing Signs Additional LNG Sales Agreement With EDF |
| HOUSTON, Sept. 21, 2015 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its wholly owned subsidiary, Cheniere Marketing International LLP ("Cheniere Marketing") has entered into another sales arrangement with Électricité de France, S.A. ("EDF") for the delivery of liquefied natural gas ("LNG") cargoes on an ex-ship basis ("DES") from the Sabine Pass LNG terminal ("Sabine Pass Liquefaction Project"). The sales arrangement covers the delivery of up to 24 carMonday, September 21, 2015 |
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