PRECIOUS-Gold rises 1.1 pct after weak U.S., China data; S&P dives

“Gold rose more than 1 percent on Monday after disappointing manufacturing data from the United States and China pummelled Wall Street, while jitters about emerging markets bolstered an investor flight to safety. The Institute for Supply Management data showed growth in U.S. manufacturing slowed sharply in January on the back of the biggest drop in new orders in 33 years, […]

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Currency crisis at Chinese banks 'could trigger global meltdown’

The growing problems in the Chinese banking system could spill over into a wider financial crisis, one of the most respected analysts of China’s lenders has warned. Charlene Chu, a former senior analyst at Fitch in Beijing and now the head of Asian research at Autonomous Research, said the rapid expansion of foreign-currency borrowing meant […]

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Gold falls on week, scores 3% monthly gain

SAN FRANCISCO (MarketWatch) — Gold futures settled lower on Friday, with strength in the U.S. dollar pressuring prices for the week, but the metal scored a monthly gain on the back of a weakness in U.S. equities. Gold for April delivery GCJ4 +0.79%  fell $2.70, or 0.2%, to settle at $1,239.80 an ounce on the Comex division of […]

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From PetroDollar to PetroYuan – The Coming Proxy Wars

Why would the central bank of Nigeria decide to sell dollars and buy Yuan? At first glance it might not seem the most interesting or pressing question for you to consider. But I think it is one of those little loose threads that if pulled upon carefully begins to unravel the hints and traces of […]

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The Powers-That-Be Are Secretly Terrified of the People’s Power … And Only PRETEND They’re Firmly In Control

David Swanson writes: Almost every [history of past activism] includes belated discoveries of the extent to which government officials were influenced by activist groups even while pretending to ignore popular pressure. These revelations can be found in the memoirs of the government officials as well, such as in George W. Bush’s recollection of how seriously the […]

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Silver's Rally Could Mean Another 1,000% Run

The precious metal started out the year at $31, and ended at $19.50, continuing an overall slump dating back roughly to mid-2011. That, however, obscures a massive run, like gold, that silver embarked on in 2001 when it was near $4, eventually topping out around $49 in April 2011. At its peak it generated a […]

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