Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

Seven Banks Rigging The Multi-Trillion Dollar (Reuters) – Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a … Read more

Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

] NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far 1 Week Relative Performance (Finviz.com) Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar … Read more

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

] Source: Bloomberg ◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in … Read more

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

] NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, … Read more

Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

Gold Falls 3% In Week ◆ Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York. ◆ Stocks in Asia fell and European indices were mixed today due to conflicting signals between China and the U.S. regarding progress in resolving the trade war which is damaging global … Read more

Gold Surges 8.5% in April as Central Banks Create Infinite Amounts of Currency For Bail-outs and Government Spending

Gold Surges 8.5% in April as Central Banks Create Infinite Amounts of Currency For Bail-outs and Government Spending

] Gold is heading for the biggest monthly gain since 2016 as top central banks ramp up “stimulus” and create tens of trillions of dollars, euros, pounds and other currencies to bail-out corporations, financial institutions, banks and governments NEWS and COMMENTARY Gold Soars 8.5% and Silver 12% in April as Top Central Banks Fight Pandemic’s … Read more

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

] Gold in USD – 3 Days ◆ The global economy was flashing danger signs long before the pandemic… ◆ For one thing, many countries were clamouring to get hold of as much gold as possible. ◆ For the past decade they have been buying new reserves and bringing it home from overseas storage to … Read more

“We Need Gold” To Protect Us From Inflation As Central Banks Bail Out Indebted Zombie Banks, Corporations and Governments

“We Need Gold” To Protect Us From Inflation As Central Banks Bail Out Indebted Zombie Banks, Corporations and Governments

] Editors Note: Astute people of the left and right, liberals and conservatives and of no political persuasion at all, have recognised gold’s importance as a way to protect people from political and economic stupidity and corruption. Alas, there is plenty of that today and people need to protect themselves, their families and their companies … Read more