All posts in "Gold"

Market Talk — July 29, 2016

July 29, 2016

All eyes were on the BOJ, and even though they disappointed many, after a turbulent trading session the Nikkei index closed higher. No easing, no additions to the money base, no further purchases of JGB’s, commercial paper or REIT’s but they did almost double the ETF purchase programme from JPY 3.3tln to 6tln. Stocks did not know what […]

Market Talk — July 27, 2016

July 27, 2016

More talk that the expected that the Japanese stimulus package could exceed the JPY 20tln and could even be as large as 28tln boosted the Nikkei and sent the Yen back to 104.50 level. Rumours have been circulating for a while and even yesterday stories were that the package would only be a fraction worried the market yesterday resulting in the 1.4% loss. […]

Trade Misinvoicing & $78 Billion of Missing Gold

July 26, 2016

  Did $78 billion in gold exports from South Africa really go missing? Nope. As taxes rise, so does trade misinvoicing. This confusing term is actually a method for moving money across borders, primarily to avoid taxes. The Global Financial Integrity Group claims that $465.3 billion was underreported in 2004. They argue that this figure rose to just over $1,090.1 […]

Market Talk — July 25, 2016

July 25, 2016

  Even though we have two central banks announcing rate decision this week, in addition to Tuesday being one of the busiest corporate reporting days of the year and hearing from the G20 at the weekend, this week looks to be one of the quietest! Asia had no reaction to anything emerging from the G20 […]

Market Talk — July 22, 2016

July 22, 2016

We saw a bit of a wobble today in Asian cash markets after BOJ governor Kuroda dismissed the idea of helicopter money and following a weak US session resulting in 1% declines for the Nikkei, Shanghai, and a small loss (-0.2%) in the Hang Seng. Oil didn’t help sentiment having lost 2% yesterday and no sign of recovery today as we head […]

Market Talk — July 20, 2016

July 20, 2016

Japan finally saw a down day (-0.25%) that could be allocated to the individual performance of Nintendo shares, which declined over 12% today due to the delayed launch of the “Pokemon Go” app in Japan! However, the Hang Seng did return a nearly 1% gain today with Shanghai having a small loss, which was a […]

Why Are Italian Banks Breaking Europe?

July 20, 2016

QUESTION: Mr. Armstrong, why are Italian banks in worse shape than most other countries. What happened to the bail-in program of the ECB? Can you explain why Italy is threatening the entire banking system of Europe? ANSWER: The bail-in policy of the IMF and ECB was directed at the idea that the rich would pay, […]

Britain & the German Hyperinflation

July 18, 2016

COMMENT: Mr. Armstrong; I was against BREXIT. I understand your view that Britain would be dragged under by the turmoil in Europe. I assume this is just your opinion on that matter. Are you contradicting yourself here? REPLY: No. It is not my “opinion” that perhaps Britain would be sent into an economic decline with Europe. Britain has […]

Silver Coins, Not Bars

July 17, 2016

  QUESTION: I have purchased over some time 500 silver coins from a coin dealer in my city of Gainesville, Florida.  I don’t know if purchasing silver/gold in this manner is the most cost effective way, being that one needs to pay extra per coin purchased. Is there a better way to purchase/sell gold/silver other […]

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