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Gold & Silver Prices in
Articles related to Spain
Andy Hoffman - Miles Franklin
Decentralization-The Future Of Monetary Value
Of all the things I’ve observed in my three decades of financial market watching, none baffles me more than the idiocy of the Charlie Brown-like “traders” that buy paper gold and silver contracts on the COMEX, only to have the “football” pulled out by “Cartel Lucy” time and time again. Albert Einstein put it best when he defined insanity as “doing the same thing over and over again, and expecting different results”; and in my view, nothing is more insane than betting against a “house” run by the
Tuesday, May 23, 2017
Mish - Global Economic Analysis
Catalonia Threatens Immediate Declaration of Independence if Spain Doesn’t Approve Referendum
The constitutional crisis in Spain may be coming to a head quickly according to a leaked document on a “Secret Law for Catalonia Independence” as reported by El Pais. Spain’s Attorney General José Manuel Maza is set to examine the legality of a plan outlined by the regional government of Catalonia to activate immediate secession from Spain if the central government in Madrid stops it from holding a vote on independence – something it is planning on doing in September or October of this year. Th
Monday, May 22, 2017
Mish - Global Economic Analysis
Voters Smack Spain’s Political Leadership: Snap Spanish Presidential Elections Coming Up?
Last year, the socialist party (PSOE) leadership ousted Pedro Sánchez as its head when Sánchez refused to allow a minority government of Mariano Rajoy to form. Susana Díaz took over as party head. Socialist party elections were held yesterday. Sánchez ran again as an outsider and shocked the POSE leadership winning an outright majority of votes in a three-way race. This was a clear smack in the face to the party leadership who backed Susana Díaz. With Sánchez back at the helm in Parliament, Rajo
Monday, May 22, 2017
Alasdair Macleod - Finance and Eco.
The importance of randomness
The greatest strength of a truly free market economy, where money is sound and does not corrupt prices, is the absence of cyclical action. With sound money, and consumers deciding for themselves their wants and satisfactions, having to choose between this or that instead of deploying unbacked credit to have this and that, there can be no cycle of credit, and no credit-driven business cycles.Central bank manipulation of money is intended to force everyone to act the same way at the same time. Cen
Thursday, May 18, 2017
Mark O'Byrne -
Cyber Attacks Show Vulnerability of Digital Systems and Digital Currencies
– Cyberattacks expected to spread today in “second phase” – UK intelligence says scale of threat significant – Microsoft slams NSA for letting hacking tools cause global malware epidemic – Ransomware attack already crippled more than 200,000 computers in 150 countries – 1.3 million computer systems believed to be at risk – Europol warns many computer systems simply won’t start – Businesses, banks and government agencies around world told to prepare – Renault, FedEx among companies affected by cy
Monday, May 15, 2017
Mish - Global Economic Analysis
Microsoft Blasts NSA, CIA for “Stockpiling Vulnerabilities”: Criminal Negligence by NSA?
A Microsoft blog post on Lessons From Last Week’s Cyberattack blasted the NSA and the CIA for for “stockpiling vulnerabilities” to exploit them rather than report them to Microsoft to be fixed. The blast was well deserved. In its blog, Microsoft also discusses “shared responsibility” of users not keeping up to date with software. I certainly agree on that point, but there is no excuse for US government agencies to seek out these vulnerabilities and use them without reporting them. Early Friday
Monday, May 15, 2017
Nathan Lewis - New World Economics
More on the Depression of 1921
I sure have been talking about monetary topics exclusively for a long time now. It will be nice to talk about something else someday. But, it is apparent that there is still quite a bit more work to do regarding the Interwar Period. First, I will do a little background work — today, that means a little closer look at the “Depression” (anyway, a sharp recession) of 1920-21, now informed by Jim Grant’s rather excellent book on the topic. February 23, 2017: James Grant Explains How A Crash In 1921
Sunday, May 14, 2017
Mish - Global Economic Analysis
WannaCry Cyber Attack Hits 99 Countries, FedEx, Nissan, Hospitals, Universities with NSA Developed Malware: Five Questions
The National Security Administration (NSA ) has its hands in the biggest ransomware cyber attack in history. The NSA found holes in the Windows operating systems and instead of alerting Microsoft it chose to exploit those holes for its own benefit. The problem with such an approach is the NSA is not the only one who can exploit the holes. At least 70 countries have been hit. FedEx, numerous hospitals, the UK National Health Service, Chinese universities, Spanish telecommunication firms, and Niss
Saturday, May 13, 2017
Mac Slavo - ShtfPlan
Massive Global Cyber Attack Using NSA Hacking Tools Takes Down 45,000 Computers Across 74 Countries: “A Scale Never Seen Before”
They’re calling it one of the biggest cyber attacks in history. Unprecedented in scale, Kaspersky Labs reports that some 45,000 devices have been compromised across 74 countries. According to reports, America’s own National Security Agency (NSA) developed the very tools that have been used to break into computers around the world. The exploit, named “EternalBlue,” was released by a hacking group earlier this year and put up for sale. It appears that someone took them up on the offer and is now u
Friday, May 12, 2017
Alasdair Macleod - Finance and Eco.
Update on Brexit
This article looks at the background to Brexit negotiations and concludes that Britain is negotiating from a position of strength, while the EU is increasingly in a position of financial difficulty. Not only will the European Commission be forced to scale back its spending and redistribution of resources, but the euro project is threatened by capital flight between member states, despite the early signs of economic recovery which should be restoring market confidence. Politicking aside, pressure
Friday, May 12, 2017
Bullion Vault
Macron's Win See Equities Fall, Gold Price Rally, Silver Hit by Heaviest Comex Cut Since 2015
GOLD PRICES rallied from new 7-week lows on Monday as the Euro retreated from a 6-month high on the FX market, hit after centrist ex-investment banker Emmanuel Macron won the French presidential election with a large margin, writes Steffen Grosshauser at BullionVault. The pro-EU candidate of the new En Marche! party he founded only last year won twice as many votes as anti-EU contender Marine Le Pen of the Front National.
Monday, May 8, 2017
Alasdair Macleod - Finance and Eco.
Business cycles are credit cycles
This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as originating in the private sector, when they are the consequence of fluctuations in credit.It draws on the author’s submission of evidence to the UK Parliament Treasury Committee’s enquiry into the failure of monetary policy in the wake of the 2008 crisisi.Summary It is incorrectly assumed that business cycles arise out of free markets. Instead, they are
Friday, May 5, 2017
Keith Weiner - Monetary Metals
To Frexit or Not to Frexit, Report 23 April, 2017
This was also a holiday-shorted week. As we write this, the big news comes from the election in France. The leading candidate is a banker named Emmanuel Macron, with about 24% of the vote in a 4-candidate race. The anti-euro Marine Le Pen came in second with just over 21%. From the sharp rally in the euro, which was up about 2% at one point, we assume that observers believe the odds of France leaving the euro have just gone down. Of course, France (and the other European countries) faces a false
Monday, April 24, 2017
Mish - Global Economic Analysis
Target2 and Secret Bailouts: Will Germany be Forced Into a Fiscal Union with Rest of Eurozone?
Project Syndicate writer, Hans-Werner Sinn, explains why the ECB’s asset purchases and Target2 imbalances constitute “Europe’s Secret Bailout”. Under the ECB’s QE program, which started in March 2015, eurozone members’ central banks buy private market securities for €1.74 trillion ($1.84 trillion), with more than €1.4 trillion to be used to purchase their own countries’ government debt. The QE program seems to be symmetrical because each central bank repurchases its own government debt in propo
Monday, April 24, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
Andy Hoffman - Miles Franklin
Last Chance For France
Before I get started, I must recommend that this weekend, you listen to yesterday’s third installment of the Miles Franklin Silver All-Star Panel Webinar – hosted by myself, and featuring David Morgan, Steve St. Angelo, and Craig Hemke.  Nowhere on the internet – much less, for free – will you receive such vitally important information about the world’s most undervalued asset class.  And given the Cartel’s all-time high silver short position – amidst a veritable blizzard of potentially short-cov
Saturday, April 22, 2017
Phoenix Capital - Gains Pains & Capital
Will Trump Stop Plans to Ban Cash in the US?
The biggest trend that continues “behind the scenes” is the War on Cash. Anyone who believed that the political shift towards nationalism would somehow result in the elites giving up their Central Planning schemes is mistaken. Consider Europe… Recently, the European Union announced it would start researching whether or not to put an upper limit on what cash can be used for… with the idea of implementing this policy in 2018. Spain, Greece, Portugal, and France are already banning cash for above c
Sunday, April 9, 2017
Alasdair Macleod - Finance and Eco.
The decline and fall of the EU
This article identifies the headwinds faced by the EU in the wake of Brexit.Without the UK, not only does the EU lose much of its importance on the world stage, but the Commission’s budget is left with an enormous hole. That is the decline. The fall is well under way, with capital flight significantly worse than generally realised, as a proper understanding of TARGET2 imbalances shows. Not only is the ECB running out of options, but without major support from Germany, France and Italy, Brussels
Thursday, April 6, 2017
Mish - Global Economic Analysis
  Brexit Optimism Misplaced: Time for Hardball
I do not understand the optimism in some corners that a deal will be reached.  Events in the last two days should open some eyes to the large and increasing chance there simply is no deal. The Wall Street Journal reports European Parliament Votes to Toughen Stance on Brexit. Highlights By a 516-183 margin, the European Parliament voted to tighten Brexit discussion rules. On the disputed divorce bill, which EU officials expect to reach €60 billion ($64 billion), European politicians said it sh
Thursday, April 6, 2017
Bullion Vault
Gold Bullion Hits Trump Highs as Real Bond Yields Fall, Le Pen Win 'Unlikely But Dramatic'
GOLD BULLION rose sharply to near 5-month highs in London trade Tuesday morning, setting its highest London benchmark price since 10 November – the day after Donald Trump's US election victory –as major government bond prices also rose, pushing bond yields down to multi-week lows amid growing jitters over this month's French presidential vote. Benchmark German Bund yields retreated to 5-week lows of just 0.24%, and 10-year US Treasury yields fel
Tuesday, April 4, 2017