– Why is JP Morgan accumulating the biggest stockpile of physical silver in history? – Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market – JP Morgan may be holding as much as 350 million ounces of physical silver – JP Morgan realises the value of owning physical […]
– U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter – U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure – Large inventory build up in the U.S. may mask deep recession – Zero percent interest policies (ZIRP) to continue despite suggestions to contrary – Global economy vulnerable […]
– Europe’s largest airline says $5 million (€4.5m) taken from bank accounts – Ryanair confirms hackers stole via Chinese bank – Cash siphoned from one of its bank accounts – Hackers transfer $5 million from a Ryanair dollar account to Chinese bank – Highlights growing risks of cyber-crime and lack of protection – Cyberattacks as […]
– Gold rises over 2% while silver surges 4.4% – Speculators caught off guard as prices rose forcing them to cover their short positions – Concerns re defaults by Greece and Ukraine – Geopolitical risk of conflict in Middle East and with Russia remain – Price rises were accompanied by strong physical demand Precious metals […]
– Singapore, India and China continue to import staggering volumes of gold from the West – U.K. exports of bullion to Switzerland increase 6 fold to a very large 97 tonnes – Gold exports from Switzerland to both China and India doubled in March – Shanghai Gold Exchange (SGE) becoming most important centre for physical […]
– UK economy a ’timebomb’ and will explode after election – Albert Edwards – Telegraph warns of “Lehman Moment” stemming from possible election chaos – Currency traders view pound as being particularly vulnerable – Latest data shows UK poised to slip into deflation for the first time since 1960 – Polls place Labour and Tories […]
– Saudi operation in Yemen enters new phase as U.S. and Iranian Navies gather in the Gulf of Aden – Saudi’s blame Houthi rebels and Iran for Saudi bombardment of Yemen, supported by US – Chinese President Xi calls Saudi King Salman urging speedy resolution to crisis, Chinese media take neutral stance – Russian media […]
– Enter the Dragon – China Stealthily Accumulated Massive Gold Hoard – IMF Seek Answers On China’s Mysterious Gold Reserves according to Bloomberg – Major demand issue and bullish support for gold rarely covered in mainstream – China may disclose its gold reserves by October in a bid to have the Yuan included in SDR […]
– Russia buys one million ounces and increases gold reserves by another 2.6% in March – Russia sees gold as important monetary and strategic asset in stealth currency wars – Large purchase by Russia who normally buy some 300,000 ounces – Russian gold reserves, at nearly 40 million ounces, are now fifth largest in the […]
– Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns Potential “Grexit” Puts EU In “Uncharted Waters” – Despite Threats, Greece Remains Defiant, Won’t “Budge On Red Lines” – ECB Considering A “Second Currency” For Greece The Greek […]