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| RATIOS & INDEXES |
| Gold / Silver | 61.99 |
| Gold / Oil | 14.77 |
| Dowjones / Gold | 11.04 |
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 | Articles related to Slovenia |  |
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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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 | The Gold Report |
| Gold and Bitcoin: Currencies of the Future?James Turk |
| The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.?
James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germany has been in the best shape, although recent economic data indicate it may be falling into a recession again. France isSaturday, May 18, 2013 |
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 | Mish - Global Economic Analysis |
| Brussels Puts Spain Under Surveillance; Brussels Denies Putting Spain Under Surveillance |
| Here is an amusing set of back-to-back headlines regarding Spain.
Via Mish-modified Google translate from La Vanguardia Brussels Puts Spain Under Surveillance for Economic Imbalances
Spain will be placed under European supervision and its political leeway in deciding what reforms the economy agree will be reduced.
European monitoring will take place in the labor market and a review of the pension system and some economic reforms from now must be agreed with Brussels. Spain gets "two extra yeThursday, May 16, 2013 |
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| Ben Traynor - Bullion Vault |
| Precious Metals Fall as US Dollar Holds Gains, India's New Import Restrictions "Could Cut Gold Impor |
| London Gold Market ReportSPOT MARKET gold bullion prices fell to $1430 an ounce Monday, 1.2% down on where they ended last week, as stock markets also fell and the US Dollar held onto most of its gains from last week.Silver fell to $23.70 an ounce - 0.8% down on last week's close - as other commodities also fell, with the exception of copper.India's central bank meantime confirmed proposed restrictions on gold imports that one refiner said could lead to gold imports falling by half this year.SinMonday, May 13, 2013 |
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| Mish - Global Economic Analysis |
| Currencies on the Move: Yen-USD Busts Through 1.00 Barrier; Australian Dollar, Euro Slump; The Uplif |
| There are some interesting moves in the forex markets today. Most notably the Yen cracked the 1.00 barrier.
Yen Daily Chart
click on chart for sharper image
After flirting with 1.00 for three weeks, the Yen fell through today.
Is it the new Abenomicsa Bra?
The Japanese division of lingerie maker Triumph International unveiled on Wednesday an "Abenomics" bra, a special edition it says offers a "growth strategy" and a potential lift towards Japan's elusive inflation target.
"We hope that,Thursday, May 09, 2013 |
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| Mish - Global Economic Analysis |
| Action Plan to Save Slovenia is Trifecta of Stupidity |
| As Slovenia struggles to avoid an inevitable bailout, it pursues a plan that will instead make the size of the eventual bailout larger.
Please consider the inane "Action Plan" for Eurozone Straggler Slovenia.
The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts.
Moody's last week cut its rating on Slovenia two notches to "junk", the economy Thursday, May 09, 2013 |
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| Mish - Global Economic Analysis |
Senior Eurozone Official: "As Spain Goes, So Goes Slovenia"  |
| The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an "excessive imbalances procedure" by the end of the month.
The problem is, Spain is in a similar "excessive imbalance" state prompting an unnamed eurozone official to state "As Spain Goes, So Goes Slovenia".
Please consider Brussels trains its sights on Slovenia.
The European Commission is being pushed to take aMonday, May 06, 2013 |
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| Mish - Global Economic Analysis |
| Deposit Leak in Southern Europe as Money Heads for Germany; Stress Indicators from Saxo |
| Steen Jakobsen, chief economist at Saxo Bank in Denmark has some interesting "stress" charts in this week's email.
click on any chart for sharper image
European Demand Deposits
Steen writes: "Europe’s depositors – mainly the weak Club Med states (Greece+ Portugal) continue to take money out of the country – even increasing the speed with which they do it."
Steen sarcastically added "Sure Mr. Draghi, the ECB has been a great success. The shown data is only including January as IMF data is aThursday, April 18, 2013 |
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 | John Rubino - Dollar Collapse |
The Long Wave Versus the Printing Press: Another 2008?  |
| Marc Faber of the Gloom
Boom Doom Report was interviewed
by Bloomberg on Friday, and of course topic number one was the brutal
takedown of gold. Not all that surprisingly, he likes the resulting buying
opportunity and expects "a major low in gold within the next two weeks."
More interesting from a theoretical/historical point of view was his segue
from gold to the state of the global economy:
"Today we have commodities breaking down including gold and we have bonds
Wednesday, April 17, 2013 |
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 | Bob Hoye - Institutional Advisors |
| News of Fresh Disasters |
| Rationalization for reckless behaviour continues:
"Because stronger growth in each economy confers beneficial spillovers
to trading to trading, [easy money] policies are not 'beggar-they-neighbor'
but rather...'enrich-thy-neighbor' actions."
- AP, March 25
That was Bernanke and it reminds of the big deal in the equity markets in
the late 1960s. That was duringMonday, April 15, 2013 |
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| Bob Hoye - Institutional Advisors |
Precious Metals Will Soon Become Precious  |
| There is a noticeable contrast between discouraging news reports from Europe and enthusiasms in financial assets. The former seems to be defying massive "stimulation" and, of course, the latter is the result of massive stimulation. Markets have their own way of allocating the credit. That's one of the problems with interventionist economics. The market decides where that action will be as well has how long it will run.Monday, April 15, 2013 |
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| Mish - Global Economic Analysis |
| Slovenia Rules Out Bailout; Translation: "Slovenia Bailout Coming Right Up" |
| An official denial is in: Slovenia Rules Out Bailout. Here is my interpretation: "A bailout is already in the works, only the date of the announcement is uncertain".
Slovenia insisted on Tuesday that it could avoid an international bailout as the Organisation for Economic Co-operation and Development warned Ljubljana to tackle more rapidly a “severe banking crisis” whose costs it might have underestimated.
The OECD report came amid investor concerns that the 2m-strong country’s banking problThursday, April 11, 2013 |
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 | John Browne - Euro Pacific Capital |
| Cypriot Chaos Assists EU Centralization |
| Remarks by members of the European Union's elite suggesting that banking deposit seizures may become standard practice appear to have heightened the risk of a European bank run and perhaps even a catastrophic collapse of the euro. Any threat to the euro is a threat to the European public's conception of the Union's manifest destiny. As such, I believe members of the EU elite may be purposefully leveraging the crisis to push for a centralized European banking system to cement the political framewTuesday, April 09, 2013 |
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 | Mark O'Byrne - gold.ie |
| Turkey’s Silver Imports Surge 31% and Gold Imports Climb to 8 Month High |
| Today's AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce.
Tuesday's AM fix was USD 1,597.75, EUR 1,244.64 and GBP 1,051.64 per ounce.
Gold fell $23 or 1.45% yesterday while silver fell 76 cents or 2.7%.
Cross Currencies Table – Bloomberg
Gold has fallen to $1,570/oz as irrational exuberance continues in international markets with investors piling into equities as the U.S. stock market ‘crack up boom’ continues ... for now.
Risk appetite remains recklessly high with the Dow JonesWednesday, April 03, 2013 |
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 | Egon von Greyerz - Matterhorn AM |
| Get your Assets out of the Banks Now II |
| Get your Assets out of the Banks Now II
KWN Audio interview Match 31, 2013
These odds are better than putting your money on Black
Cyprus was NO bailout
Capital controls to stay
Next failure, be it Slovenia or Italy, must involve massive money printing again.
Focus on Europe will turn to USA again
ABNAMRO decision to no longer allow redemption of physical metals is a major indicator (read the conditions)
The political response is artificial.
CLICK HERE to listen to the full interview on King WoTuesday, April 02, 2013 |
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 | James Howard Kunstler |
 Are You Going To Entropy Faire? |
| Things are breaking loose. Holes have appeared in the fabric of fraud and lies that passes for the world money system. They are black holes, gravitationally sucking in the things breaking loose, and as these things cross their event horizons, they will never be seen again. These things I speak of are the collateral for vast nebulae of falsely generated debts and obligations that were never intended to be honored (i.e. regarded as real). As they vanish down the wormholes of time, they take with tTuesday, April 02, 2013 |
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 | Philippe Herlin - GoldBroker |
| Cyprus : Arbitrary Decisions and Confusion |
| AddThis Button BEGIN
AddThis Button END
By Philippe Herlin - Researcher in finance / Contributor to Goldbroker.com
So Cyprus has been bailed out, for the time being, but we must ask the question : Isn’t the new plan worse than the first one? Given, of course, that both plans are nothing short of theft of private and company savings by incompetent political leaders, it’s like comparing pestilence with malaria.
The first plan entailed taxingSaturday, March 30, 2013 |
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