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Articles related to European Central Bank
 
Bullion Vault
Gold Prices Advance towards Resistance on Weak Dollar and Cautious FOMC Minutes, Palladium Hits 16-Year High
GOLD PRICES rallied towards its resistance level this Thursday morning in London, while the US Dollar remained weak after rather dovish hints from Fed officials suggesting that the next rate hike may be further postponed, writes Steffen Grosshauser at BullionVault. Gold briefly touched $1289 per ounce before dropping back to $1286 failing to reach the resistance level of $1294 and the psychological barrier of $1300.  The metal started its rise from $1268 on Thursday after
Thursday, August 17, 2017
Thorsten Polleit -
Central Banks Are Hiding the True Price of Risk
If you invest your money, you will have to deal with numerous risks. For instance, if you buy a bond, you run the risk of the borrower defaulting or being repaid with debased money. As a stock investor, you face the risk that the company's business model will not live up to expectations, or that it, at the extreme, will go bankrupt. In an unhampered financial market, prices are formed for these and other risk factors.For instance, a bond with a high default risk will typically carry a high yield
Sunday, August 13, 2017
Michael Pento - Delta Global Advisors
5 Reasons to Fear the Fall
This powerful and protracted bull market has made Cassandras look foolish for a long time. Those who went on record predicting that massive central bank manipulation of markets would not engender viable economic growth have been proven correct. However, these same individuals failed to fully anticipate the willingness of momentum-trading algorithms to take asset prices very far above the underlying level of economic growth. Nevertheless, there are five reasons to believe that this fall will fina
Monday, August 7, 2017
Przemyslaw Radomski CFA - SunshineProfits
Central Banks’ Hawkish Turn and Gold
A lot happened since the latest issue of the Market Overview. To begin with, there were two unusual flash crashes both in the gold and silver markets. Although their occurrence within just one week was rather fishy, the fundamentals of precious metals remained unchanged. On the political front, gold was supported temporarily by the revelation of the Donald Trump Jr.’s emails suggesting that Russia wanted to support his father’s presidential campaign. The Trump administration’s failure to get the
Friday, August 4, 2017
Mark O'Byrne - gold.ie
Greenspan Warns Stagflation Like 1970s “Not Good For Asset Prices”
– Former Fed Chairman warns of bond bubble, stagflation – “Moving into a … stagflation not seen since the 1970s” – This will not be “good for asset prices” – 10 Yr Gov bond yields fell from 15.8% in 1981 to 2.3% – Interest rates will not stay low, will rise ‘reasonably fast’ – “Normal” interest rates in 4%-5% range – Inflation will not stay at historically low levels – Gold “protects savings” and is “store of value” – Gold is the “ultimate insurance policy” says Greenspan Editor: Mark O’Byrne
Wednesday, August 2, 2017
Mish - Global Economic Analysis
Zombie Corporations Litter Europe, Kept Alive by ECB
Bank of America says 9% of European firms have subpar interest coverage. Bloomberg covers the story in its report Zombie Companies Littering Europe May Tie the ECB’s Hands for Years. Watch out for the zombies. The plethora of companies propped up by the European Central Bank will limit policy makers’ ability to withdraw monetary stimulus that’s been supporting the continent’s bond market since the financial crisis, according to strategists at Bank of America Corp. About 9 percent of Europe’s b
Sunday, July 30, 2017
Przemyslaw Radomski CFA - SunshineProfits
Mersch and Nowotny's Comments and Gold
This week, two member of the European Central Bank’s (ECB) governing council gave speeches. What can we learn from them? On Tuesday, Yves Mersch, the member of the Executive Board of the ECB, delivered a speech at MNI Connect event in Singapore. His comments were in line with Draghi’s previous remarks. Mersch pointed out that “the global recovery is firming and broadening”, while and “the ongoing economic expansion in the euro area provides confidence.” He even reiterated the opinion that the de
Saturday, July 29, 2017
Adam Hamilton - Zealllc
Fed QT Bearish for Stocks 
Ominously for the stock markets, the Federal Reserve is warning that quantitative tightening is coming later this year.  The Fed is on the verge of starting to drain its vast seas of new money conjured out of thin air over the past decade or so.  The looming end of this radically-unprecedented easy-money era is exceedingly bearish for these lofty stock markets, which have been grossly inflated for years by Fed QE. Way back in December 2008, the first US stock panic
Friday, July 28, 2017
Chris Powell - GATA
EU explores account freezes to prevent runs at failing banks
BRUSSELS -- European Union states are considering measures that would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed. The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble. The proposal, which has been in the works since the beginning of this year, co
Friday, July 28, 2017
Sprott Money
Money Is Money, Wherever It Comes ...
One of the crucial things to understand about today’s world is that money is fungible. Whether it’s created in Japan, Europe, China or the US, once it’s tossed by a central bank into one or another part of the global economy, it eventually finds its way to a common pool of liquidity. So the modest US tightening of the past year (100 basis point increase in the Fed Funds rate, slight decrease in Fed balance sheet) has to be seen in a global context. And that context is still insanely easy.
Wednesday, July 26, 2017
Mark O'Byrne - gold.ie
Gold Seasonal Sweet Spot – August and September – Coming
– Gold seasonal sweet spot – August and September – is coming – Gold’s performance by month from 1979 to 2016 – must see table – August sees average return of 1.4% and September of 2.5% – September is best month to own gold, followed by January, November & August  by Palisade Research Looking back at gold’s performance since 1979, August and September are big months for the yellow metal. What is the cause? No one really knows but there are some theories that have been thrown around. The adage “
Tuesday, July 25, 2017
Sprott Money
How Mises University Became America’s Most Important Economics Program - Peter Diekmeyer
Global debts are rising, as is economic inequality. Bubbles abound. The Bank for International Settlements is warning of a potential synchronized financial collapse. Capitalism, particularly the richest 1% who have benefited from rising asset prices, appear set to take the blame. Is that smart? Not so, says Jeff Deist, President of the Mises Institute, which will be hosting 150 students from around the world this Sunday in Auburn, Alabama, for a week-long session about free market economics.
Sunday, July 23, 2017
Bullion Vault
Gold Bullion 'Appeals as Insurance' as ECB Avoids the 'T' Word, US 'Risks Outright Deflation'
GOLD BULLION headed for a second weekly gain versus the falling Dollar Friday morning in London, trading at $1247 per ounce as the US currency held at its weakest in 14 months against the Euro. Asian stock markets closed the day lower for a small weekly gain, while European shares held flat to trade 1% below last Friday's finish. Commodity indices held 1.3% higher from last weekend, with silver
Friday, July 21, 2017
USA GOLD - USA Gold
Gold marks longest win streak in 2 months as U.S. dollar sinks
MarketWatch/Myra P. Saefong & Rachel Koning Beals/07-20-17 Gold prices ended higher Thursday, marking their longest streak of session gains in two months as the euro jumped in the wake of a European Central Bank meeting, putting pressure on the U.S. dollar. The ECB, as expected, left interest-rate policy and other stimulative measures untouched. But the euro jumped as investors looked beyond seemingly [dovish] remarks by ECB President Mario Draghi to continued expectations the institution will m
Friday, July 21, 2017
Bullion Vault
Dollar Gold Price Snaps 7-Day Gains as Japan + Euro Stick with Negative Rates, Record QE
GOLD PRICE gains over the previous 7 sessions ended in Asian and London trade Thursday, with the metal retreating almost $10 per ounce from this week's new July highs as the US Dollar rallied following "no change" decisions on sub-zero rates and record QE bond buying from both Japan and the 19-nation Euro currency zone – the world's 4th and 2nd largest economies respectively. Three of the Bank of Japan's 10 voting members dissented for the fifth
Thursday, July 20, 2017
Bullion Vault
Gold Bar Outflows from GLD Heaviest-Ever for a Week of Rising Prices
GOLD BARS traded in London wholesale market rose for a fourth morning running on Wednesday, holding near 2-week highs against a rallying US Dollar as world stock markets steadied and bond prices also flat-lined, holding longer-term interest rates at 3-week lows. Trading above $1240 per ounce, the price of large gold bars also gained for non-Dollar investors as the Euro retreated from Tuesday's new 14-month highs on the FX market ahead of Thursda
Wednesday, July 19, 2017
Bullion Vault
Silver Doubles Gold Price Gain After Comex Speculators Turn 'Net Bearish', Bond Yields Retreat Before ECB, BoJ Decisions
GOLD PRICE gains of 0.5% were doubled by silver bullion in London trade Monday as world stock markets stalled at new all-time highs and major government bond prices rose, pushing longer-term interest rates down. This week brings key policy decisions from the Bank of Japan and European Central Bank – both due Thursday and both currently holding deposit rates below zero with record-high quantities of new QE bond-buying each month.
Monday, July 17, 2017
Bullion Vault
Gold Price +0.6 vs 'Gradual Rate Rise' Dollar as ECB Back-Tracks on QE, Sterling Gains Amid Brexit Wrangling
The GOLD PRICE in Dollars eased back but held 0.6% higher for the week so far against the Dollar on Thursday as world stock markets rose following Janet Yellen's comment to lawmakers that the US Federal Reserve will raise interest rates only "gradually". The British Pound meantime rose but London's FTSE-100 share index held almost 2% below last month's new record highs as Westminster's minority Conservative Government published its "Great Repeal
Thursday, July 13, 2017
Mish - Global Economic Analysis
Internal Feuding Within the ECB Over Tapering: Reflections on Monetary Policy
At the Fed, the debate is over normalization of the balance sheet. The Fed has already finished tapering. The ECB is still addicted to a balance sheet build-up. But i In contrast, the ECB is still addicted to a balance sheet build-up. But internal feuding has picked up with Germany and the hawks on one side and doves on the other. Bloomberg reports ECB Officials Disagree on How Much Is Too Much for Stimulus Plan. “Underlying inflationary pressure remains subdued” and “we still need a long perio
Sunday, July 9, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 5
This Insight is the sixth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the fifth chapter of Section I.View the Entire Research Piece as a PDF here.The "Reserve Currency Curse" amd the International Aspects of Cantillion Effects“Th
Tuesday, July 4, 2017
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