Rates

Up until now, Japan was the exception among Asian countries that are hungry for gold (China, Vietnam, Thailand, Indonesia), and even seemed odd, because Japanese people would get rid of their gold, to the point that Japan was showing a negative balance. These days seem like they are over and tha...

Risk is high, in any case, for any deposit above 100,000 euros. Let’s not forget that, in French law, banks wield much power. In particular, titles owned by their client are not entirely theirs : banks consider themselves to be the real owners of said titles. In case of forced selling, the bank c...

The Foreign Exchange (FOREX) manipulation scandal is growing in scope. In 2013 many large banks (Barclays, Deutsche Bank, UBS, Royal Bank of Scotland and HSBC) set aside 16.4 billion euros to cover « legal expenses », e.g. the probable amount of fines they will have to pay after their t...

Funny how the Fed and Big Business are not true to their primary function (guarantee the value of the money, invest and increase profits) and would rather manipulate the tools at their disposal, for which they are responsible, that must be used to establish objective measures (dollars, stocks)in...

We’ve said it before... but here we go again : THERE IS NO RECOVERY OF THE AMERICAN ECONOMY! There. This « recovery » has been touted these last few months with the mass media repeating it ad nauseam, and « no one should doubt it ». And quarterly growth numbers seemed to...

  This chart by itself shows how much investors’ sentiment about the gold miners has reached a peak of pessimism not seen since 1943. Miners selling so cheap in relation to gold is a sign of historical capitulation all over the sector. Their valuations, in terms of P/E and business value,...

In the newspapers, one can read a lot of stupid things about gold. They say that gold needs inflation in order to go up. They say that gold moves in an opposite direction to the dollar. Those things are true sometimes, but not always. There is no mathematical relation between the two. They say t...

Until 2011, each time gold seemed to be surging up there would be a correction, which is the mark of a sound bull market. On the other hand, from a fundamental point of view, or from a portfolio allocation or psychological point of view, gold was far from filling the criteria of a bubble.

The Fed has started tapering its QE. From $85 Billion a month, the monetary press slowed down to $75 Billion a month, last month, and then down to $65 Billion a month. Ben Bernanke might have left his successor with a poisoned gift

The Fed was created by private bankers for the benefit of private bankers and today, 100 years later, they have been more successful than they could ever have imagined in 1913.