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Articles related to Sovereign Debt
 
Andy Hoffman - Miles Franklin
Crashing Oil Prices Portends Unspeakable Horrors
OK, so how about that for a headline?  And no, we’re not exaggerating as the charge toward global depression, war and hyperinflation is exploding out of control, like terrified wildebeest pursued by a den of lions.  We wrote last week that the only difference between 2008 and today – aside from tens of trillions of debt and historic geopolitical tensions – was the PPT’s ability to manipulate equity markets higher.  However, “Economic Mother Nature” is decidedly asserting herself; and consequentl
Wednesday, October 15, 2014
Jesse - Le Cafe Américain
Comparing One Dimension of the Policy Responses of the ECB and the Federal Reserve
Here is a chart comparing the Balance Sheet Assets of the Fed and the European Central Bank. It is important to recall that the Fed has been providing extensive funding to non-US, largely European, multinational Banks through their US subsidiaries. This also does not compare the sovereign debt of the two regions, but rather just one measure of their Central Banks policy responses.  It does not indicate how those assets are being used, by whom, and to what effect. Nevertheless there seems to b
Tuesday, October 14, 2014
Philippe Herlin - GoldBroker
Headed toward a conflict between Germany and the ECB? 
Tensions are rising between Germany and the European Central Bank and, this time, concerns are raised openly through an intervention by Germany’s finance minister Wolfgang Schäuble before the German parliament, the Bundestag. Angela Merkel’s strong man has been in charge of this key ministry since 2009, so one should take what he has to say very seriously. Wolfgang Schäuble started by stating his reluctance at the ECB’s intention, as recently announced by Mario Draghi, of buying securitized loa
Sunday, October 05, 2014
Ty Andros - traderview
  When Leverage Fails and Hope Turns to Fear 
In today's TedBits we will be outlining a lot of smoke signals. They signal fires burning and about to break out. As everyone is aware, the Federal Reserve has been tightening monetary policy for almost a year now and has been joined by the Chinese central bank. The Federal Reserve has been reducing its balance sheet expansion from $85 billion a month (85,000 million) to zero in mid-November. While the fed does not characterize it as a tightening, it is one. Numerous studies have put
Saturday, September 27, 2014
Mark O'Byrne - gold.ie
Venezuela's Gold Appears To Be Still In Venezuela But For How Long?
▶ Where is Venezuela's 366 tonnes of gold? ▶ Does Venezuela still control and own unencumbered it’s own gold reserves? Former President Hugo Chavez and a London Good Delivery Gold Bar (400 oz) ▶ Bank of America economist on visit to Venezuelan central bank last week was allowed to view the bank's gold vault and the gold repatriated by President Hugo Chavez ▶ Is any of the country's gold encumbered, loaned or leased to Goldman Sachs or other banks? ▶ Is there a possibility of this given the Vene
Wednesday, September 24, 2014
James West - Midas Letter
The Mother of all Bubbles and Other Unpopular Realities
There are times when I read the financial mumbo jumbo on Bloomberg and the Financial Times and the Wall Street Journal, and I am astonished at how delusional the world’s controlling interests have become. To take it at face value, and using major stock index highs as sole proof, one would have to agree that the world has certainly recovered from the ‘recession’ that began in 2009. But, those stock market highs, evidence increasingly shows, have been purchased through the capitalization of the fi
Sunday, September 21, 2014
Philippe Herlin - GoldBroker
Staying Invested in Cash Is Not Such a Sure Thing After All 
According to a study by Deloitte, cash reserves of corporations located in Europe, Africa and the Middle East (EMEA zone) are reaching record highs, totalling 936 billion euros. This is 40% more than in 2007, just before the crisis, and this is where the problem lies: businesses are making money, but they don’t know what to do with it. In normal times, profits go toward investments. As Helmut Schmidt, former Chancellor of Germany from 1974 to 1982, famously said, “Today’s profits are tomorrow’s
Friday, September 19, 2014
Jesse - Le Cafe Américain
European Sovereign Debt Levels to GDP Before and After the Bank Bailouts
What is even more clever than lining your pockets by ballooning the financial system into a great bubble by fraud and bad governance? Getting the victims and bystanders to pay the price of your perfidy, and shifting the anger of the people to some unfortunates, so that you can do it all over again by 'reforming' the system to make it more efficient for looting. No wonder that any movement that threatens the status quo in the least bit gets these white collared reivers and their pampered prince
Thursday, September 18, 2014
Jeff Clark - Casey Research
  Survey Results: Readers’ Thoughts on Whether to Hold, Fold, or Be Bold
Below is a representative sample of the responses to the question: "Should we Hold, Fold, or Be Bold with Gold?" We'll start with Fold, as it's the smallest group, then Bold because it's the most fun, and close with Hold, because that's the largest group, and we wouldn't want anyone to feel guilty if they don’t get to the bottom. FOLD Doug
Tuesday, September 16, 2014
Andy Hoffman - Miles Franklin
  If A Nuclear Bomb Destroyed Europe… 
I don’t know where to start this Monday morning as potentially devastating geopolitical and economic developments are emerging so rapidly, it is difficult to give them all justice.  However, as the Miles Franklin Blog’s principal aim is apprising you of everything you need for your due diligence process. Frankly, I haven’t got the strength to write of market manipulation today – thank goodness, Bill Holter did so already; as it has become so pervasive and perverse, that it’s the single most impo
Monday, September 15, 2014
Captain Hook - Treasure Chest
Elysium
It’s no secret the rich are getting richer, and the poor poorer. Accounts of this worsening condition are stroon across mainstream media and alternative news sources alike, albeit with somewhat different storylines. Although increasingly recognizing the importance of this issue, mainstreamers, who both cater to and are controlled by the status quo, portray the condition as a result of race and education differences (which is true), and that these shortfalls should be addressed via public policy
Monday, September 15, 2014
Michael Pento - Delta Global Advisors
Why This Equity Rally is About to End Badly
The deafening cacophony on Wall Street for the past six years has been since interest rates are at zero percent that there is no place else to put your money except stocks. For most, it just doesn't matter that the ratio of Total Market Cap to GDP is 125 percent, which is 15 percent points higher than in 2007 and the highest at any time outside of the tech bubble at the turn of the century. Sovereign bond yields are at record lows across the globe and the strategy for most investors
Wednesday, September 10, 2014
Bill Downey - Commodity Trader
Important medium term cycles in gold coming in play in September
INTRA-DAY NEWSLETTER ~ Sept 9 2014 Gold Daily Report ~ Sept 9, 2014 Trend Long Term ~ Bearish- Need a monthly close above 1800 to confirm the bull market final phase underway. Medium Term ~ Neutral– The failure on gold’s part to close above the moving averages on a monthly basis (March, April, May, July, August) has left the downside open to lower Price potential. Intermediate Term ~ Bearish– Need a close back above 1306 for neutral. Short Term ~ Bearish- Gold cycles due to turn next week. In
Tuesday, September 09, 2014
Mark O'Byrne - gold.ie
Scotland Independence Risk Sees British Pound Dive
Scotland Independence Risk Sees British Pound Dive Mel Gibson in Braveheart Sterling fell sharply yesterday as traders became nervous of a possible vote for Scottish independence. The referendum on Scottish independence from the United Kingdom takes place on Thursday 18th September.  While the referendum and the potential impact of an independent Scotland have been on the horizon for some time, the approaching vote in two weeks is causing upheaval for the British pound in currency markets, and
Wednesday, September 03, 2014
Phoenix Capital - Gains Pains & Capital
Central Bank Have Set the Stage For a Disaster That Will Make 2008 Look Like a Joke
The Central Bank policies of the last five years have damaged the capital markets to the point that the single most important item is no longer developments in the real world, but how Central banks will respond to said developments. Let us take a moment to digest that. Before 2008, for the most part, when something happened in the world, an investor would think about how that issue would affect the markets. Today, that same investor will try to analyze how the Central Banks will react to that
Tuesday, September 02, 2014
Andy Hoffman - Miles Franklin
Thursday’s ECB Decision Could Destroy Europe, If Ukraine Doesn’t First
Finally, September is here!  Everything we’ve observed suggest something BIG is on the verge of happening; and frankly, I’m not sure if I’m more excited about the inevitability of the gold Cartel’s demise or terrified of what the ensuing world will look like.  This weekend, I saw a chart showing a record low percentage of 16% of Americans believing their children will be more successful than they were, compared to the record high of 56% in 2000.  But sadly, financial “success” is likely not goin
Tuesday, September 02, 2014
Mark O'Byrne - gold.ie
“Central Banks Should Give Money Directly To The People” – Gold Bullish CFR Proposal
“Central Banks Should Give Money Directly To The People” – Gold Bullish CFR Proposal Helicopter Janet? Last week, a very radical proposal appeared in the pages of the influential ‘Foreign Affairs’ magazine, the publication arm of the equally influential Council on Foreign Relations (CFR) think-tank based in New York. An article “Print Less but Transfer More - Why Central Banks Should Give Money Directly to the People”, that has been picked up widely in the media argues that given that monetary
Friday, August 29, 2014
Andy Hoffman - Miles Franklin
Of Manipulation and Madness
It’s Wednesday morning and sovereign debt yields – U.S. Treasuries included – are again plumbing multi-year or in some cases all-time lows; as globally speaking, the “most damning proof yet of QE failure” couldn’t be more plain to see.  In other words, from East to West, fixed income markets are anticipating “QE to Infinity” amidst the worst economic backdrop – and outlook – of our lifetimes.  Part and parcel of such madness, everyone from money managers to corporate treasurers (as exemplified b
Wednesday, August 27, 2014
Michael J. Kosares - USA Gold
The interest trap… . . . and what it means to the gold market 
"Interest rates on Treasury securities, which have been exceptionally low since the recession are projected to increase in the next few years as the economy strengthens and to end up at levels that are close to their historical averages (adjusted for inflation).” –Budget Outlook for 2014, Congressional Budget Office Had the Congressional Budget Office done the math, as outlined in the table above, it might not have appeared so nonchalant about the prospect of Treasury paying the historical average interest rate on the massive federal debt.
Wednesday, August 27, 2014
Alasdair Macleod - Finance and Eco.
Markets: Keep calm and carry on
At the end of July global equity bull markets had a moment of doubt, falling three or four per cent. In the seven trading days up to 1st August the S&P500 fell 3.8%, and we are not out of the woods yet. At the same time the Russell 2000, an index of small-cap US companies fell an exceptional 9%, and more worryingly it looks like it has lost bullish momentum as shown in the chart below. This indicates a possible double-top formation in the making. Meanwhile yield-spreads on junk bonds widened si
Sunday, August 10, 2014
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