Search Results for: usd

500 MILLION ounces of paper silver dumped on the COMEX in 1 Hour

Capitulation, or the Apex of manipulation?  NetDania’s 1 hour silver chart indicates 105,231 silver contracts were dumped on the market this morning between 9am and 10am EST, as silver was smashed a dollar from $28 to $27. To put this number in perspective, 105,231 contracts is north of 500,000,000 ounces of …

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Zionists have reached end of line: Ahmadinejad

Mahmoud Ahmadinejad

Iran’s President Mahmoud Ahmadinejad says the “uncultured” Zionists have reached the end of the line and are thus grasping at straws to trigger a sectarian war among the followers of different religions. “I am confident that Zionists are goners and the world will be freed from their existence and justice …

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FTSE Flounders as Sterling Soars

Sterling currency FTSE

The FTSE 100 index is currently trading at 7,118.54 (Thursday April 20, 2017) after a shocking drop on Thursday April 13, 2017 when it was trading at 7,327.60. The recent performance of the FTSE 100 index has been lacklustre, given the strength of the GBP since PM May announced the …

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Record number of Americans renounce their citizenship in 2015

United States of America passport citizenship

Between January and March of 2015, a record 1,336 Americans renounced their U.S. citizenship, according to a quarterly report by the Internal Revenue Service (IRS) that was published in The Federal Register. The list includes long-term permanent residents who are considered American citizens under the Health Insurance Portability and Accountability Act of 1996 (HIPPA), …

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Playing Politics with the Economy in the US

Dow Jones Industrial Average The Dow Jones Industrial Average is currently trending bearish after yet another series of dramatic developments in the White House. By Friday, 18 August 2017, the knives were out for White House chief strategist Steve Bannon. The former film producer and media tycoon from Norfolk Virginia …

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What is the Sharp Drop in US New Home Sales Attributed To?

Home Sales America flag

In April 2017, US new home sales dropped after surging in March. The seasonally adjusted rate of new home sales in April was reported at 569K according to the Commerce Department. Analysts were anticipating an increase in the region of 610K. Sales of US single-family homes were 842K in May …

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Brexit is just the beginning

Brexit EU

From Filip Karinja, for Birch Gold Group Last week, global equity markets were shook up, when $2 trillion was wiped out in a single trading day. That’s bigger than any daily loss during the 2008 global financial crisis, or on the infamous Black Monday stock market crash of 1987. The cause? A surprise …

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OPEC alliance begins to crumble as price of oil plunges

Saudi Arabia oil

The past few weeks have seen the gradual breakup of the powerful international oil cartel of OPEC, the Organization of the Petroleum Exporting Countries. Comprised of twelve member-states, OPEC has been extremely influential in the oil industry, controlling prices and supply since its inception in 1960. The cartel is most …

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Currency wars: Venezuela devalues its currency by 46%

Venezuela Bolivar

While the rest of the developed world is scrambling here and there, politely prodding its central bankers to destroy their relative currencies, all the while naming said devaluation assorted names, “quantitative easing” being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing …

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SOPA the computer virus terrorizes file-sharers

sopa virus ransom

Security experts are cautioning computer users that they could be targeted by a malicious SOPA “ransomware” virus that rekindles the witch-hunt targeting information sharing introduced last year by congressional lawmakers. Hackers have brought the failed Stop Online Piracy Act back to center stage, this time by distributing a virus that …

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Gold Trending Bullish as Disaster Looms

In an ominous turn of events, Hurricane Irma rapidly gathered momentum to become a Category 5 storm with raging winds in the region of 185 mph. As it bears down on the Florida coast line, the US is bracing for maximum impact. This Act of God has the capacity to …

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Why are the world’s wealthiest people buying gold?

George Soros gold elite world's wealthiest people

By Filip Karinja Seen as a wealth preservation asset during hard economic times and used as a monetary metal for thousands of years, gold is once again on the radar for the world’s elite. Gold is seen as a low risk safety asset and investors tend to shift their portfolio …

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Russia buys 900,000 ounces of gold worth $1.17 billion in April

Swiss gold

The Russian central bank has again increased its gold reserves by another 900,000 ounces worth $1.17 billion in April. Russia’s gold reserves rose to 34.4 million troy ounces in April, from 33.5 million troy ounces in March, the Russian central bank announced on its website yesterday. The value of its …

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Confirmed: British Intelligence agency MI6 covertly operating in Iran

Mi6

Preposterously bizarre as it is, the head of MI6 foreign intelligence agency John Sawers made a rare appearance before Britain’s civil servants in London on Friday and warned that the Iranians are “determinedly going down a path to master all aspects of nuclear weapons; all the technologies they need,” and …

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Pictures from Zimbabwe

Just because “Spanish banks are fine” 12 days before they got a full-blown bailout, and global hyperinflation can never happen in this world, where every central planner is now preparing to hold the CTRL and P buttons until the bitter end, here are some pictures from Zimbabwe.   And some charts: …

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Does China plan a Gold-backed Renminbi?

We expect the Chinese central bank to continue gradually accumulating gold, and we think that it might be planning a gold backing for the renminbi. If that were to happen, international acceptance would soar. Not for nothing was the enormous amount of gold reserves in the United States (N.B. the US …

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ECB finds widespread trading on insider information

ECB insider trading

“Information of many macroeconomic announcements is known by some market participants in advance” – European Central Bank Remember when it was merely another conspiracy theory that “some” traders “trade” (with zero risk) with the benefit of leaked material non-public information? As of moments ago it is merely the latest conspiracy …

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Is Australia’s economy set to crash?

Australian consumers are more worried about the medium term outlook than at the peak of the financial crisis, and rightfully so. As The Telegraph reports, by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to an already unsustainable 60pc of gross …

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