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| RATIOS & INDEXES |
| Gold / Silver | 63.09 |
| Gold / Oil | 13.98 |
| Dowjones / Gold | 11.12 |
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 | Articles related to Netherlands |  |
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 | Philippe Herlin - GoldBroker |
| Europe : Zero-Growth |
| The european economy’s landscape looks sad... The Eurozone saw its GDP lose 0.2% in the first quarter, and the OECD revised to the downside its forecast for 2013 and sees a 0.6% recession ahead. The OECD and the governments are hoping for a return to a positive rate, a meager 1%, in 2014, nothing more. Europe looks stalled.
Here are three observations that make this poor result even worse :
1) All European countries are concerned by this stagnation, even Germany (+0.1% in the first quarter)Tuesday, June 11, 2013 |
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 | Tim Iacono - Iacono Research |
| The Dutch Go On A Spending Spree |
| The folks behind the Economist’s Daily Chart feature offer up yet another interesting way to look at debt around the world. In this case, it’s household debt and how it’s changed over the last decade, where we find the the Dutch make the Canadians look like Germans.
I’d never heard of high household debt in the Netherlands, but soaring personal debt in Canada is well known and widely attributed to still sky-high property values that have enabled new borrowing in our post-2008 global economy. TTuesday, June 04, 2013 |
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 | Chris Powell - GATA |
| Jaco Schipper: Nationalized ABN Amro offers fool's gold |
| Analyzing the new terms under which the Netherlands bank ABN Amro offers to trade and hold gold, the Dutch economist Jaco Schipper finds that the bank's customers can have little idea of what they really own, where it is being kept, and what they can be sure of being able to liquidate. Schipper's commentary is headlined "Nationalized ABN Amro Offers Fool's Gold" and it's posted at his Internet site here:
http://www.jcaschipper.nl/2013/05/nationalized-abn-amro-offers-fools-gol...Monday, June 03, 2013 |
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 | Jesse - Le Café Américain |
 The Longer Term Fundamentals of the Gold Market As They Are Today |
| There should be no doubt in anyone's mind that the fundamentals for world gold supply and demand have changed dramatically over the past ten years at least.
The world's central banks, most significantly in the West, had been selling bullion from their central bank reserves since 1989. The first chart below shows the long decline in the official gold reserves of the central banks through the long bear market from 1979 through 2000, and even in the beginning of the bull market.
There was an exMonday, June 03, 2013 |
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 | Bob Hoye - Institutional Advisors |
The General Theory of Authoritarianism  |
| Address to the Spring Dinner of the Committee for Monetary Research and Education
(cmre.org)
There are any number of names that can be used to describe the Administration's
policies. However, in this polite assembly it is best to stay with what is
printable and ask the question about which description fits best?
It is hard to avoid terms that have become derogatory epithets. Liberal is
one, progressive-Democrat is another. And then there is communist, socialist,
fascist and corporatistFriday, May 31, 2013 |
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 | Mark O'Byrne - gold.ie |
| Belgian Central Bank Says 25 Tons Or 10% of Gold Reserves on Loan |
| Today’s AM fix was USD 1,379.00, EUR 1,067.42 and GBP 913.43 per ounce.
Friday’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Yesterday a national holiday was observed in both the United Kingdom and the USA.
Gold is lower in all major currencies except the yen which is under pressure today due to ‘Abenomics’ concerns and concerns of further yen debasement.
A firmer dollar and buoyant stock markets may be contributing to gold being under pressure.
Gold is being supported by coWednesday, May 29, 2013 |
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 | Mish - Global Economic Analysis |
| Dutch Defined Benefit Pension Plans, Second Largest in Europe, Face Forced Cuts |
| Things are getting rather interesting in the Netherlands as low interest rates have increased pension deficit liabilities. Unlike the US and other parts of Europe where deficits are ignored, Dutch law requires 105% funding and the plans fell from 152% funded in 2007 to 102% funded today.
This has forced pension plans to cut benefits by as much as 7% for some trades. As might be expected, this has given rise to a 50 Plus Party, which won election to the Dutch parliament for the first time last Monday, May 27, 2013 |
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 | Ranting Andy - Miles Franklin |
| Defaults Defaults Everywhere |
| Read the Wednesday Afternoon Wrap-Up for 5/22/2013 and the Thursday Morning Commentary for 5/23/2013
There’s no surer sign of FRAUD than prices falling whilst supply is falling FASTER; and when it comes to PHYSICAL PMs, it should be painfully clear by now that the supply/demand balance is “tight as a drum” – for both silver…
“PEAK SILVER?”
…and gold; per last week’s RANT, “PHYSICAL VS. PAPER PMs – CASE CLOSED”…
However, even a term as ugly as “fraud” doesn’t do justice to what we have seen siThursday, May 23, 2013 |
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| Casey Research |
| The Resurgence of the Nuclear Reactor |
| In August 1956, the Calder Hall Power Plant in Seascale, England began generating electricity and earned the distinction of being the world's first commercial nuclear power plant. It was a humble beginning for nuclear power; the plant only had a 50-megawatt (MW) output capacity, whereas the smallest US plant today has a 478 MW capacity. Nonetheless, Calder Hall represented the launch of a new era in energy that promised to bring electricity too cheap to meter.
But early on, the promising powerMonday, May 20, 2013 |
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| Jesse - Le Café Américain |
 Marking the Field: US Stated Gold Reserves and Gold Held at the Fed - World Gold and Gold Swaps |
| The US Treasury says that it holds 261,499,000 fine troy ounces in its international reserves.
The gold is valued on the books at $42.2222 per fine troy ounce. This represents a total value of $11,041,063,078.
Since there are 32,150.7466 troy ounces in a tonne, the US Treasury has 8,133.53 tonnes of fine gold on its books. Note that the number as presented on a copy of the official US Treasury statement shown below includes 'gold swaps.'
A discussion of the procedures and nature of goldMonday, May 20, 2013 |
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 | John Browne - Euro Pacific Capital |
| Germany Under Pressure To Create Money |
| Currently, central banks around the world are walking in lock step down a dangerous path of money creation. Led by the Federal Reserve and the Bank of Japan, economic policy is driven by the idea that printed money can be the true basis of growth. The result is an unprecedented global orgy of currency creation. The only holdout to this open ended commitment has been the hard money bias of the German-dominated European Central Bank (ECB). However, growing political pressure from around the world,Thursday, May 09, 2013 |
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| Mish - Global Economic Analysis |
| S&P Predicts 20% Drop in Spain's Housing Prices Over Next 4 Years; Bad Bank to Dump Distressed Prope |
| Spain's "bad bank", Sareb to speed up distressed property sales in an ambitious new timetable for liquidation.
The bad bank is hoping to sell almost 42,000 housing units in the next five years. This is about half of the properties in its €50 billion (£42.5 billion approximately) portfolio.
However, falling house prices and a desire among buyers for modern properties in prime locations could hamper these plans for swift sale. Already the value of assets is being slashed by Sareb to clear theiThursday, May 02, 2013 |
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| Mish - Global Economic Analysis |
| Expect ECB to Cut Rates on Friday; Even a "Shock-and-Awe" Cut Won't Help One Bit |
| Eurozone inflation collapsed to 1.2% in the latest report, from an expected print of 1.6%. Given the ECB has an inflation target of 2%, rate cut calls range all the way from a cut of 25 basis points to a cut of 75 basis points.
With the current rate at .75%, a 75 basis point to 0% is very unlikely. A cut of 25 or 50 basis points is almost certain but even 50 basis points won't do much good.
Steen Jakobsen, chief economist at Saxo Bank writes via email:
Calls for cut in ECB rate by 25 bps fWednesday, May 01, 2013 |
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 | Deepcaster |
| Profit, Protection, Despite Cartel Intervention ? April, 2013 Update |
| ?Then, when the Fed?s fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the threat of a Great Depression 2.0 was just a cover story for a panicked spree ofSaturday, April 27, 2013 |
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 | David Bond - Wallace Street Journal |
| After the Gold Rush |
| WALLACE, Idaho — Well, after the Great Big Smackdown, what's next? Explanations as to the cratering of gold and silver these past days are all over the map.
As usual, silver was harder hit than gold's spectacular drop from March's anemic $1,600 to Monday's $1,350.
The Swiss call such market events a Rheinfall, after the waterfalls in the River Rhein, which drops spectacularly around a corner at Schaffhausen after a smooth flow from its headwaters at LFriday, April 26, 2013 |
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