Flash Trading Hits USTreasury Bonds

“The USTreasury Bond market breakdown is in progress, all part of the general USDollar global rejection that is taking the world by storm. Of course, residents inside the US Dome do not notice, since they only perceive it as the native currency. From conversations with common folk, discussions with investor types, and general observations for […]

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JPMorgan in talks to settle government probes for $11 billion: sources

“The sum could include $7 billion in cash and $4 billion for consumers, said the sources, who asked not to be identified because the negotiations are private. The talks are fluid and the $11 billion amount could change, the people familiar with the matter said. The discussions include the U.S. Department of Justice, the Securities […]

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Fed Credibility Is No More

“Economics used to drive markets. The growth of government and its pervasive interventions has displaced economics, at least as the primary short-run determinant of market values. Short-term performance is now dominated by the actual and expected machinations of large, clumsy government and its agencies.”   Continue reading on economicnoise.com

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Gold shipment disappears from Air France flight to Zurich

“Some 44 kilograms of gold bars from an overall cargo of 300 kg of precious metal have mysteriously disappeared from a flight bound to Zurich. An insider operation could be to blame for a €1.5 million heist at Paris’ Charles de Gaulle airport. France’s national aviation police (GTA) is now investigating how and by whom […]

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This Is Why The Price Of Gold Is Now Set To Super-Surge

“On the heels of some chaotic trading in the gold, silver, stock and bond markets last week, after the Fed decision not to taper, today top Citi analyst Tom Fitzpatrick sent King World news 3 amazing gold and US dollar charts.  Fitzpatrick had previously indicated to KWN that he expects a massive 150% surge in […]

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ANALYST: There's A 40% Chance Of A Debt Ceiling Default, And The Path Forward Is A 'Total Mystery'

“Analysts are beginning to warn about the possibility of a debt-ceiling crisis, as Congress is still in the midst of debating a continuing resolution to avoid a government shutdown. Chris Krueger, a D.C.-based analyst for Guggenheim Partners LLC, wrote in a market commentary Wednesday that there is a 40% chance of “technical default scenarios” as a result […]

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Americans in Poll Doubt Economy Rebound in Defiance of Forecasts

“Americans are losing faith in the nation’s economic recovery even as forecasters expect growth to accelerate, according to a Bloomberg National Poll. Fewer people anticipate improvement in the economy’s strength over the next year than in the last survey in June, with 27 percent saying the expansion will be more robust, down from 39 percent […]

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How one man took China’s gold

“The story of China and their obsession with gold has been revived this year as monthly data shows the phenomenal volumes imported through Hong Kong and being traded on the Shanghai Gold Exchange. However, given how much we gold commentators report on China’s inherent love for gold, it’s surprising that very few realise that less […]

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Fed Concerned About Suspicious Gold Trading After FOMC Meeting

“Today’s AM fix was USD 1,320.25, EUR 977.67 and GBP 825.36 per ounce. Yesterday’s AM fix was USD 1,316.50, EUR 976.05 and GBP 823.43 per ounce Gold rose $1.40 or 0.11% yesterday, closing at $1,322.50/oz. Silver climbed $0.09 or 0.42%, closing at $21.65. At 3:13 EDT, Platinum inched up $7.89 or 0.6% to $1,423.49/oz, while […]

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Russia Increases Gold Holdings With Kazakhstan for 11th Month

“Russia and Kazakhstan expanded their gold reserves for an 11th straight month in August as bullion prices rallied. Mexico reduced its holdings. Russian assets gained 12.7 metric tons to 1,015.5 tons, International Monetary Fund data showed today. Kazakhstan’s reserves rose 2.5 tons to 134.5 tons and Turkey added 23.4 tons to 487.4 tons, the data […]

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