Monday, August 15, 2016

Brother Can You Spare a Trillion?

May 11, 2010 by · Leave a Comment 

By Bill Downey, Gold Trends In what has now become the normal in expectations, European policy makers have announced a 750 BILLION EURO bailout policy late Sunday evening in defense of the Euro currency and a show of force between the USA FED, the European Central bank, the Bank of Japan, the Bank of Canada [...]

European Central Bank to buy government and private bonds

May 10, 2010 by · Leave a Comment 

By Gabi Thesing and Jana Randow Bloomberg News Monday, May 10, 2010 http://www.bloomberg.com/apps/news?pid=20601087&sid=a0RoeU1FECGY&pos=3 The European Central Bank said it will intervene in government and private bond markets as part of an unprecedented effort to help stave off a sovereign debt crisis that threatens to destroy the euro. “The Governing Council decided to conduct interventions in [...]

European Central Bank to intervene in markets, Lux finance minister says

May 10, 2010 by · Leave a Comment 

EU Crafts $928 Billion Show of Force to Halt Crisis By James G. Neuger and Meera Louis Bloomberg News Monday, May 10, 2010 http://www.bloomberg.com/apps/news?pid=20601087&sid=ap50DW8IqhBo&pos=1 BRUSSELS, Belgium — European finance ministers put together an unprecedented loan package that may be worth 720 billion euros ($928 billion) for debt-swamped governments in a bid to restore faith in [...]

DOLLAR REACHES BREAKING POINT AS BANKS SHIFT RESERVES; LOSES 10.3% IN SIX MONTHS

October 12, 2009 by · Leave a Comment 

Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according [...]

Don’t Trust the Dollar Strength

October 9, 2009 by · Leave a Comment 

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

US Dollar in Need of a Tourniquet

October 9, 2009 by · Leave a Comment 

The Daily Reckoning OK, front and center this morning, gold has soared to another all-time high! When I turned on the screen this morning, gold was flashing a great big $1,055 figure… WOW! But wait! Gold – and silver for that matter – aren’t the only risk assets moving higher… All 16 of the countries [...]

Gold Soars to an All-Time High

October 8, 2009 by · Leave a Comment 

The Daily Reckoning What a day for gold, yesterday! WOW! In case you were trapped in a cave and didn’t hear the news… Gold, which I said yesterday morning looked like it was going to take out its all-time high, did take out its all-time high, and not just take it out! Gold pushed past [...]

September Job Losses Soar

October 5, 2009 by · Leave a Comment 

The Daily Reckoning Well… Friday’s Jobs Jamboree disappointed as I had the feeling it would, with 263,000 jobs lost in September. The unemployment rate also rose to 9.8%… Now we all know that when all the people who are truly unemployed are counted, the unemployment rate goes to 16%, but the Bureau of Labor Statistics [...]

Gold’s Record Monthly Close: Technically Significant

October 2, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold: Gold is down slightly this morning but still continuing to knock on the door and consolidating near the psychological $1,000/oz mark. The gold market will probably be relatively quiet until the release of US non- farm payroll data this afternoon. Depending on the figures, which are expected to be quite poor, [...]

Commodity Currencies Rebound Versus the Dollar

September 30, 2009 by · Leave a Comment 

The Daily Reckoning Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) (EUR) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia (AUD) and New Zealand (NZD) that [...]

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