Articles related to UBS
 
Mish - Global Economic Analysis
$500 Billion of ‘Liar Loans’ in Australia
Australian banks are sitting on A$500 Billion of ‘Liar Loans’ according to UBS. In US dollars, that’s about $400 billion, quite a significant amount of money for a relatively small economy. Here’s something else for policy makers to worry about as they attempt to engineer a soft landing in Australia’s property market. The country’s lenders could be sitting on A$500 billion ($402 billion) of “liar loans,” or mortgages obtained on inaccurate financial information, according to an estimate from UB
Friday, September 15, 2017
Alasdair Macleod - Finance and Eco.
Outlook for the dollar price of gold
Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a familiar operation in gold futures markets, where speculators buying contracts protect themselves with stop-losses.All the TBTF banks need is a pause in the speculator’s buying and a little good news (bad for gold). Ideally, the active contract will be running into maturity, so the speculators are forced to put up or shut up: in other words, sell the contract,
Friday, September 15, 2017
Chris Powell - GATA
China sees new world order with its own oil benchmark backed by gold
By Damon Evans Nikkei Asian Review, Tokyo Friday, September 1, 2017 https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... DENPASAR, Indonesia -- China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry. The contract could become the most important Asia-based crude oil benchmark, given that China is the world's biggest oil importer. Crude oil is usually priced in re
Tuesday, September 5, 2017
Sprott Money
The LBMA Is A Ploy of the Central Bank Community - Nico Simons
This article is about the way the Central Bank Community manipulates the price of gold and the role of the LBMA within. We describe some of the signs that the Central Bank Community manipulate the price of gold and that they are using the LBMA to reach their goal. Is the manipulation of the gold price a classic case of Diffusion of responsibility because so many organizations are involved and avoid taking responsibility? Manipulation is a joint effort of the Central Bank Community The sig
Wednesday, August 23, 2017
Oilprice.com - oilprice.com
Forget Oil Prices, Oil Majors Are A Buy
Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields, say analysts.  Supermajor oil companies are living a new reality that is based on new profits in a forever-low oil price environment—and globally, analysts say, the oil sector is a great investment. Value has returned, because international oil giants have adapted. The initial enthusiasm over OPEC’s production cut de
Tuesday, August 22, 2017
Przemyslaw Radomski CFA - SunshineProfits
Will the Electric Car Revolution Sink Platinum and Palladium?
Everyone has probably heard about the upcoming electric car revolution whose vanguard is Tesla Motors led by Elon Musk. The electric car is actually nothing new – the first vehicles were produced as long ago as in the 1880s. However, the mass production of cheaper gasoline vehicles triggered by Henry Ford put electric cars into limbo for decades. But this can change quickly thanks to the rapidly falling costs. As one can see in the chart below, the price of a battery pack declined from $1000 per
Friday, August 18, 2017
Mish - Global Economic Analysis
Fearful Investors Losing Faith in Trump?
Mainstream media likes to assign a reason for every squiggle in the stock market, bond market, or commodities. Today provides an amusing example. Reuters says Washington’s Mounting Woes Push S&P to Biggest Loss in Three Months. U.S. stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration’s ability to push through its economic agenda rattled investors. Investors appeared to be losing faith in t
Friday, August 18, 2017
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
Sprott Money
The LBMA is a ploy of the Central Bank Community
This article is about the way the Central Bank Community manipulates the price of gold and the role of the LBMA within. We describe some of the signs that the Central Bank Community manipulate the price of gold and that they are using the LBMA to reach their goal. Is the manipulation of the gold price a classic case of Diffusion of responsibility because so many organizations are involved and avoid taking responsibility? Manipulation is a joint effort of the Central Bank Community The signs
Wednesday, August 16, 2017
Mish - Global Economic Analysis
Money Laundering Scandal at Australia’s Largest Bank Triggers Another Call for Ban of Cash
Ian Narev, the CEO of Commonwealth Bank of Australia (CBA), the nation’s largest bank is set to step down amid money laundering charges. Money laundering is big business in Australia because regulations do not cover lawyers, real estate agents, accountants, and CEOs ignoring warnings from police. Despite the obvious problem, it’s cash itself that gets the blame. There are several stories here buts let’s start with Australia’s Biggest Bank Says CEO Will Retire Amid Money-Laundering Scandal. Comm
Monday, August 14, 2017
Theodore Butler - Butler Research
  The Key Test Ahead
Before getting into the subject of today’s title, allow me to update a couple of topics previously discussed. Last Wednesday, I offered a review of world silver inventories in which I concluded that there were roughly one billion oz in fully documented inventories of metal in industry standard 1000 oz bars and perhaps another 500 million to one billion additional oz in unverified holdings; making a grand total of 1.5 to 2 billion oz for world silver inventories in, essentially, the only form tha
Friday, August 4, 2017
Julian D. W. Phillips - Gold Forecaster
Gold’s future confiscation is a growing reality, as currency confidence slides!
Article – Part 5The subject of gold’s confiscation has come onto our screens again, but this time, being described as a “Myth” in the future. This thought comes from Canada, a favorite place for U.S. citizens to store their gold in the hopes that it will be outside the reach of the U.S. Federal Reserve. We respond to the article that described it as a myth, because we are firmly of the opinion that as we move from dollar hegemony to a multi currency, world currencies will find themselves competi
Thursday, August 3, 2017
Mish - Global Economic Analysis
War on Cash Proposals in Australia: Microchip Expiring $100 Bills, Forcing People to Keep Receipts 
Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts. Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is. Cash will expire after a designated period of time. Andrew believes “consumers are part of the problem”. He wants to punish people who pay in cash and don’t get a receipt. A pl
Wednesday, August 2, 2017
Phoenix Capital - Gains Pains & Capital
Machine Mania in the Marketplace: How Computers Came to Own the World
The following article by David Haggith is from The Great Recession Blog:  With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The exchanges no longer exist as places for people to buy and sell ownership in a corporation. They exist simply as the neural junctions of a conglomerated machine that plays tricks on itself, and your sole goal is no
Wednesday, August 2, 2017
Ronan Manly - Bullion Star
LBMA Gold Vault Data – How low is the London Gold Float?
The London Bullion Market Association (LBMA) has just released a first update on the quantity of physical gold and silver holdings stored in the ‘LBMA’ London vaulting network. The LBMA press release explaining the move, dated 31 July, can be read here. This vaulting network, administered by the LBMA, comprises a set of precious metals vaults situated in London that are operated by the Bank of England and 7 commercial vault operators. For simplicity, this set of vaults can be called the LBMA Lon
Wednesday, August 2, 2017
Mish - Global Economic Analysis
Steen Jakobsen on the Next 30 Years: “Everything is Deflationary”
Steen Jakobsen, Saxo Bank chief economist and CIO just pinged me with a PowerPoint presentation on the preceding and next 30 years. He commented “I somehow to my own surprise came to one single trend I believe in: everything is deflationary. Enjoy the “funny pictures” and the outlook.” 30 Years Ago Current and Foreward Trends Mish Comments I agree with Steen that the trends are deflationary from a CPI perspective. Compare the GMO 7-Year returns estimate to the John Bogle view. I b
Thursday, July 27, 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
Phoenix Capital - Gains Pains & Capital
Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term
Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term - Bitcoin volatility shows not currency or safe haven but speculation- Volatility still very high in bitcoin and crypto currencies (see charts)- Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900- Bitcoin least volatile of cryptos, around 75% annualised volatility- Gold much more stable at just 10% annualised volatility- Bitcoin volatility against USD about 5-7 times vol of traditional forex trading- Crypto
Friday, July 21, 2017
USA GOLD - USA Gold
Gold looks appealing after a rather middling run
FT/Michael Hunter/07-20-17 Just over half way through the year, gold is roughly in the middle of its trading range for 2017. Having been as low as $1,213.81 an ounce in early May, and as high as $1,293.50 just a month later, the precious metal is around $1,238. What are the prospects for the glistening commodity after such a middling run? UBS has set its near-term target for gold at $1,300, saying it expects a recovery “as it plays catch-up to reflect the weakness in the dollar and the capped ra
Thursday, July 20, 2017
Phoenix Capital - Gains Pains & Capital
“Time To Position In Gold Is Right Now” – Rickards
“Time To Position In Gold Is Right Now” – Rickards   - "Time to position in gold is right now” - James Rickards- Fed has hit the ‘pause’ button; No more rate hikes for foreseeable future- Fed’s theories "bear no relation to reality" and has "blundered by raising rates"- Growth is weak, inflation is weak, retail sales and real incomes are weak- Tight money, weak economy & stock bubble classic recipe for market crash- Reduce allocations to stocks and reallocate to defensive assets such as gold- "G
Wednesday, July 19, 2017
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