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 To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

] ◆ Where Does Gold Go From Here? — Ron Paul’s “Cautious” Prediction ◆ “Gold is an ‘insurance policy’ as the dollar will continue go down in value as it is printed” and it will end in a monetary “calamity” ◆ “Gold is not money due to any man-made laws. Gold is money despite man-made … Read more

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

] ◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and … Read more

China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

] ◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight … 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

Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar

Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar

] Queen Elizabeth tours a gold vault during a visit to the Bank of England ◆ Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound ◆ Slovakia has joined China, Russia and a host … Read more

State Street: Gold ‘Definitely Works’ and is an ‘Inflation Hedge’, ‘Dollar Hedge’ in Era of Heightened Geopolitical Risk’

Goldman: 3 Key Reasons Why We Are Bullish On Gold

] ◆ State Street’s senior multi-asset strategist, Benjamin Jones, discusses the importance of gold in asset allocation on “Bloomberg Daybreak: Europe” ◆ “Bitcoin or gold?” “I prefer gold. Bitcoin is interesting but would I suggest it to my clients … definitely no … but it might be a bit of fun to own on the … Read more

A Dollar Crash Is Coming

A Dollar Crash Is Coming

] by Stephen Roach via Bloomberg Opinion Source: Bloomberg News via Yahoo Finance ◆The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. In the 1960s French Finance Minister Valery Giscard … Read more

‘Death Cross’ Strikes U.S. Dollar As Virus Cases Grow

'Death Cross' Strikes U.S. Dollar As Virus Cases Grow

] (Reuters) A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency. The dollar index is off 6% from its recent highs, while net bets against the currency in futures markets stand near their highest level … Read more

Gold, Silver Jump After Swings Amid Weak Dollar and Economic Woe

Gold, Silver Jump After Swings Amid Weak Dollar and Economic Woe

] (Bloomberg) Spot gold headed for back-to-back gains as investors weighed the outlook for the metal’s record-setting rally after this week’s dramatic price swings. Silver climbed the most in more than five years. Rising U.S. bond yields helped spark a sharp selloff in gold and silver Tuesday and early Wednesday, followed by a rebound. Both … Read more