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Articles related to Money Supply
Alasdair Macleod - Finance and Eco.
Market Report: Precious metals subdued
Gold and silver had a poor week, with no relief from drifting prices after the end of the second quarter. The gold price opened on Monday morning in the Far East at $1,187 and fell to a low point at $1,158 yesterday. Silver mirrored gold's move falling from $16.05 to $15.50. Both metals rallied yesterday afternoon with gold down slightly but silver up 14 cents. In early European trading this morning there were further small gains.The news this week was dominated by Greece, which should have led
Friday, July 03, 2015
Adam Hamilton - Zealllc
Fed's Full Normalization
The US Federal Reserve has been universally lauded for the apparent success of its extreme monetary policy of recent years.  With key world stock markets near record highs, traders universally love the Fed?s zero-interest-rate and quantitative-easing campaigns.  But this celebration is terribly premature.  The full impact of these wildly-unprecedented policies won?t become apparent until they are fully normalized. Back in late 2008, the US stock markets
Friday, July 03, 2015
24hGold - Yahoo
8:31 am Alcoa to permanently close its Poos de Caldas primary aluminum smelter in Brazil on June 30, 2015, expects to record restructuring-related charges in second quarter 2015 between $100 million a
6:14 pm Berkshire Hathaway company Johns Manville announces it will increase its glass microfiber capacity by early 2016 at its plant in Waterville, Ohio. (BRK.B) :  5:55 pm Peabody Energy sees Q2 adjusted EBITDA and adjusted EPS below original targeted range due to weather-related shipment issues in the Southern Powder River Basin and lower seaborne coal pricing (BTU) : Co announces that second quarter 2015 Adjusted EBITDA and Adjusted EPS are now expected to be below the original targeted ran
Tuesday, June 30, 2015
Michael Pento - Delta Global Advisors
Bubbles Never Pop Painlessly
Investors are obsessed over predicting the timing of the Fed's first interest rate hike. Will it raise the Fed Funds rate in September, or wait until next year? But it is far more important to get a grasp on the pace of rate hikes. Will it be a one and done move, or does this mark the beginning of an incremental tightening cycle? Those of us who are not in the inner circle are forced to only speculate. But one thing is certain: If history is any guide, whatever they do the Fed will g
Monday, June 29, 2015
Alasdair Macleod - Finance and Eco.
Market Report: Greece and short positions
Hedge funds and high-frequency traders have finally forced gold into a US dollar loss this year as shown in our introductory chart, but silver is still in positive territory. This week gold declined $29 with a break from the $1200 level to $1171, and silver fell 40 cents to $15.70 early this morning in European trade.As I wrote last week, in the run-up to the half-year precious metals' prices face a conflict between window-dressing for the lowest possible valuation, and the systemic risk that is
Sunday, June 28, 2015
Fiat 33 
"Sir, I would say, "Old World Order" to return. To understand/explain better: A very easy way to view this "order", would be to simply say that the American Experience is reaching the end! As we know, world war two left Europe and the world economy destroyed. Many thinkers of that period thought that the world was about to enter a decades long depression as it worked to rebuild real assets lost in the conflict. It was this war that so impacted the idea of looking positively toward the fu
Saturday, June 27, 2015
Alasdair Macleod - Finance and Eco.
Managing trade deficits
Currency devaluation is seen by nearly every macro-economist to be the cure for trade deficits. Recently they have recommended it to Greece, arguing for the reintroduction of the drachma so that the Greek economy can become "competitive", and "rebalanced". This widespread assumption is easily demonstrated to be incorrect. Empirical evidence confirms the error: in the post-war years Germany and Japan were the strongest exporting nations despite persistent rises in their exchange rates, and the UK
Friday, June 26, 2015
Bullion Vault
Gold Dips to $1170 Despite China Stock Plunge, Euro Prices 'Stuck to €1050' as Greece's Latest 'False Deadline' Looms
GOLD PRICES fell near 3-week Dollar lows Friday as the US currency rose following the strongest reading of consumer sentiment in 11 years on the Reuters/Michigan survey. China's main stock market meantime closed 7.4% down on the day, and some 18% down from a fortnight ago, as more brokerage houses tightened their margin trading rules. Separate data showed French and Italian consumer confidence also rising, but private-sector loans across the 19-nation Eurozone grew only 0.5% per year in Ma
Friday, June 26, 2015
Michael Pento - Delta Global Advisors
Rates Are Rising for All the Wrong Reasons
Wall Street carnival barkers are relishing in the fantasy that the economy has finally achieved escape velocity. Therefore, they accept with alacrity that this is the primary reason why interest rates have started to rise. However, the fact still remains for the first half of 2015 GDP growth will probably be less than 1%. GDP contracted by 0.7% in the first quarter of 2015. The Atlanta Fed, whose GDP Now calculation has been on the money, now sees second quarter growth at 1.9%. There
Monday, June 22, 2015
Maximizing Gains & Wealth Protection from the Coming Crisis
"Texas . following the lead of Germany, Austria, and Holland .(has) decided to repatriate the gold that it has stored at the New York Federal Reserve. ... Upon completion of the facility, Texas will pull $1 billion in gold bullion from the Fed's vault. "Texas Wants It's Gold Back," Joshua Krause, 06/13/15"On June 7, 2015, The Financial Times' John Authers observed: This has been a very dramatic week.. The real action was in the bond markets.the cost of borrowing, the cost of money within Germany
Monday, June 22, 2015
Przemyslaw Radomski CFA - SunshineProfits
The Tragedy of the Euro
The gloomy economic situation of Greece has been the topic of many Gold News Monitors – we wrote recently about it here and here, but also in the February Market Overview dedicated to European turmoil from the beginning of this year. It is high time to analyze more thoroughly the relationship between Greece’s debt crisis and gold. But first we must examine the institutional foundations of the Eurozone and its currency, as they not only did not prevent, but actually encouraged imprudent Greece’s
Friday, June 19, 2015
Alasdair Macleod - Finance and Eco.
Market Report: All eyes on the half-year
Window-dressing or the management of prices for a favourable mark-to-market valuation at year-ends, half-years and quarters has long been a distorting feature in financial markets. And, with bank capital adequacy ratios at stake, not to mention traders' bonuses, it has been an increasing feature. With the onset of June 30th it seems reasonable to expect this factor to be a reason why gold and silver prices have generally failed to reflect escalating systemic risk in the face of Greece's insolven
Friday, June 19, 2015
Darryl Robert Schoon - Survive the Crisis
Panic in the Bond Markets
The Bankers' Last ArenaIn September 2012, in my article Gold versus Bonds, I wrote: In the end game, the bond market will be capitalism's final resting place .when capital markets expand, the action is in the equity markets; when capital markets contract, bond markets are where the action is.On June 7, 2015, The Financial Times' John Authers observed: This has been a very dramatic week.. The real action was in the bond markets.the cost of borrowing, the cost of money within Germany over the long
Thursday, June 18, 2015
George F. Smith - Barbarous Relic
Who said it, when and where?
Over the years I've accumulated a long list of quotes about money and banking extracted from online articles and books I've read.Unlike most other sites that post pithy remarks from famous authors, I include hyperlinks to their sources, so that anyone who wishes can not only verifya quote but, perhaps more importantly, read the context in which it was used.
Wednesday, June 17, 2015
Charleston Voice
  Global Times - Hard lessons from China's silver standard 
History will repeat, but this time around America will not be able to coin silver Trade Dollars to conduct trade with Asia. Oops. Oh, where O where did my empire go? Source:  [08:30 July 15 2009] Chinese macroeconomic historian Ray Huang used to say the Qing Dynasty never understood monetary and fiscal policy, and therefore was unable to compete against the West. In those days, monetary policy in China was essentially tied to silver, the national money standard since t
Wednesday, June 17, 2015
Frank Shostak
How Much Money should there be ? 
Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession-or, even worse, depression
Sunday, June 14, 2015
John Rubino - Dollar Collapse
Is The Age Of Negative Interest Rates Ending Already?
History teaches that long trends end only when everyone is finally convinced that they'll keep going. Maybe no trend in modern times has been as convincing as interest rates. The yield on long-term Treasury bonds, for instance, has been falling for as long as most people have been alive: Same thing for the rest of the developed world. In early 2015 the yield curve for Swiss government bonds was negative out to ten years, and the curves for German and Japanese bonds were nearly as extr
Saturday, June 13, 2015
Steve Saville - Speculative Investor
There's no such thing as "money velocity" 
In the real world there is money supply and there is money demand. There is no such thing as money velocity. "Money velocity" only exists in academia and is not a useful concept in economics or financial-market speculation.As is the case with the price of anything, the price of money is determined by supply and demand. Supply and demand are always equal, with the price adjusting to maintain the balance. A greater supply will often lead to a lower price, but it doesn't have to. Whether it does or
Thursday, June 11, 2015
Jeffrey Lewis
Banning Gold and Silver is So 20th Century
Banning gold and silver in the United States would be just about as effective for igniting demand as the hints of gun control that follow every tragic school shooting. They are primitive political responses with predictable outcomes equal and opposite to what was intended. For gold and silver, the best ‘they’ can do now is pretend as though the price is not already under full control. Like whistling past the graveyard for the dollar.  Gold left the western mainstream portfolio generations ago. B
Wednesday, June 10, 2015
24hGold - Yahoo
10:59 am 8point3 Energy Partners LP, the YieldCo formed by First Solar (FSLR) & SunPower
5:43 pm Energy Fuels: ISS supports proposed merger between Energy Fuels and Uranerz Energy (URZ) (UUUU) : Energy Fuels (UUUU) and Uranerz Energy (URZ) announce that Institutional Shareholder Services ("ISS") has recommended that Energy Fuels and Uranerz shareholders support the proposed acquisition by Energy Fuels of all the issued and outstanding shares of Uranerz at the Energy Fuels Annual and Special Meeting and the Uranerz Special Meeting. Each company is scheduled to host its own shareh
Wednesday, June 10, 2015