News — gold

Gold Surging on Financial Uncertainty, Stock Market Volatility

Posted by Metals Corporate on

By John McDonald  Unlike the stock market, which makes a certain subset of analysts and investors nervous when the numbers get too high, gold values are surging and few expect them to fall in the near future, if at all. Thanks to wide-ranging uncertainty about the United States’ trade policies, fear that the stock market is flying a little too close to the sun, and ongoing controversy over just what the Fed’s predicted July interest rate cut will really do for the national economy, gold’s “power as a safety trade is not waning, but could actually be set to spike,”...

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Venezuela Defaults on Gold Swap with Deutsche Bank

Posted by Metals Corporate on

By John McDonald Venezuela is falling apart at the seams. After defaulting on its dollar-denominated bonds less than two years ago, the economic implosion of President Nicolas Maduro’s regime continues to accelerate. The latest example of the economic carnage is the Latin American country’s default on a financial transaction with Deutsche Bank AG, a huge bank and financial services company headquartered in Frankfurt, Germany. Just a few years ago, in 2016, the government of Venezuela sought and received a loan from Deutsche Bank AG. But Venezuela was already in bad shape at the time, and Deutsche Bank did what any...

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Why Is It So Hard For Banks To Pay Retirees Interest?

Posted by Evan Garcia on

Did you know Taxpayers lose $36 billion annually to allow private banks to keep their excess cash at the Federal Reserve?

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Is There A Little-Known "X-Date" For The Dollar Debt Bomb?

Posted by Dirk Watters on

China is expected to launch its first yuan-denominated oil contracts next month, and that will mark the beginning "X-Date" for the dollar kill switch. Summary: The US dollar enjoys a special privilege in the world due to its dominance in the global oil trade. The agreement that created this dominance was predicated on the United States being the largest oil importer in the world, which is no longer the case. China is rolling out a new gold-backed yuan oil contract next month as part of its attempt to replace the US dollar's dominance. If the dollar loses its privileged status,...

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Did The FED Rig The Financial Markets?

Posted by Dirk Watters on

For many decades, the Federal Reserve has rigged the bond market by its purchases of mortgage backed securities. And for about a century, central banks have set interest rates (mainly to stabilize their currency's exchange rate) with collateral effects on securities prices. It appears that in May 2010, August 2015, January/February 2016, and currently in February 2018 the Fed is rigging the stock market by purchasing S&P equity index futures in order to arrest stock market declines driven by fundamentals, and to push prices back up in keeping with a decade of money creation. No one should find this a...

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