LATEST NEWS : Chinese Debt Soars 25-Fold, Danger In Japan & Surging Gold

More than 20 years after its infamous real estate and equity bubble burst, Japan has been plagued by economic malaise, an ailment most mainstream economists have attributed to something they call a deflationary death spiral.  As one lost decade turned into two, and now well into a third, Japan’s Prime Minister Shinzo Abe has vowed […]

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LATEST NEWS : Silver the star performer in recent precious metals rally

Silver’s performance in the recent precious metals rally has been quite spectacular rising around 13% in a matter of days, before drifting back a little  along with gold as the initial momentum has left the market.  Undoubtedly some of the cream will have been due to short covering, but the movement does suggest that should […]

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LATEST NEWS : Junk Juncker and the whole EU crew

SIR – As Ambrose Evans-Pritchard indicates, Jean-Claude Juncker dislikes Britain with an abiding passion. As an arch-federalist, he will ignore the cries of European electors, just as he did the French and Dutch when they voted against the EU Constitution. With Germany’s Bild Zeitung now stating that Britain should leave the EU if we cannot accept […]

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LATEST NEWS : Swiss host Chinese central bank to discuss renminbi hub plan

Switzerland touted its qualifications to be a hub of renminbi trading on Friday, as its central bank chief and finance minister hosted People’s Bank of China (PBOC) Governor Zhou Xiaochuan at a private event for Swiss and Chinese bankers. continue reading at reuters.com

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LATEST NEWS : ABN AMRO: Gold’s Safe Haven Status Should be Revised

I think most of you remember the Dutch bank ABN AMRO. Last month they came out with an analysis titled: It’s Not All Gold That Glitters.  I present the translation, from which you can read ABN AMRO is trying to change thousands of years of history by saying gold’s safe haven status should be revised, all because the price […]

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LATEST NEWS : World’s Biggest Debt Load Lures Distressed Funds to China

Distressed debt funds are raising cash to seek greater opportunities in China, where Standard & Poor’s says corporate borrowing topped the U.S. last year. continue reading at bloomberg.com

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LATEST NEWS :Italian Debt Swells to Rival Germany as Bond Yields Slide

As Italy’s borrowing costs fall to new lows, its debt is rising to the most ever. The country owed 5 percent more in April compared with a year earlier, with debt reaching 2.15 trillion euros ($2.9 trillion), Bank of Italy figures show. That matches the outstanding borrowing ofGermany, the largest economy in Europe and the most of any country on […]

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LATEST NEWS : China Finds $15 Billion of Loans Backed by Fake Gold Trades

China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals. continue reading at bloomberg.com

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LATEST NEWS : Inflation is rising: Be careful what you wish for

For the moment, it’s all good. After veering dangerously close to deflation, the rate of inflation has picked up and has now reached 2% — the fastest pace in 20 months. As recently as eight months ago, the 12-month change in consumer prices was only 1%. continue reading at marketwatch.com

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LATEST NEWS : Gold’s Flow East Seen for 20 Years as Incomes Increase Demand

The global flow of gold from west to east that helped to make China the world’s largest user will probably last for up to two decades as rising incomes spur demand, according to the China Gold Association. continue reading at bloomberg.com

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