Gold ETFs Rally? The price of gold hit a record high this past week . . . in euro terms (at about 1380 euros). The record came after a number of actions by central banks around the world, trying to stimulate their respective economies. The actions, usually centered around money printing, once again had investors looking […]
Gold: Setting up for Rally- Hits High in Euros Read More »
Greece is in a tight spot it would love to be able to inflate its way out of its current debt. Put to a vote the other PIIGS (Portugal, Ireland, Italy, Greece and Spain) would jump at the opportunity to follow suit. But the Northern Members of the Euro will have no part of it.
Germany Will Exit Euro Read More »
EWI’s Global Market Perspective foresaw the shift in European banks from lenders to savers via one remarkable chart It’s been over two years since the European Central Bank began its open-heart surgery of the eurozone’s anemic economy. So far, the procedure has included an unprecedented $3 trillion-plus in bailouts, monetary transfusions, AND toxic debt transplants.
European Central Bank: “Great White Fear” Takes A Bite Out of Recovery Read More »
By David Galland, Managing Director, Casey Research Does the price action of gold of late make you scratch your head, falling as it has from its recent high of $1,420 to $1,359 as I write? Hard not to make one wonder, considering the nature of so much recent breaking news… Consumer prices in December exceeded
