China to allow direct yuan, New Zealand dollar trades

China has allowed direct domestic trading of the yuan against the New Zealand dollar to encourage such trading as it internationalizes the Chinese currency. The move, announced on Tuesday by the central bank during a visit by New Zealand Prime Minister John Key to Beijing, comes after China doubled the yuan’s trading band over the […]

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Why Gold Is Unstoppable

Stars of stage, screen, and boardroom have come together to “ban ‘bossy.’” The world has lots of problems, and Sheryl Sandberg and Beyoncé think the word bossy tops the list. Reportedly, assertive girls are called the b-word growing up, dissuading them from pursuing leadership roles. At least that’s what Condoleezza Rice and Diane von Fürstenberg […]

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Taiwan to allow banks to sell gold/silver coins from China

Taiwan will allow local banks to sell gold and sliver coins from China, the island’s Financial Supervisory Commission said on Tuesday. The move comes amid deepening ties in cross-strait relations, it said in a statement. Trade and financial ties between Taiwan and China has gathered steam since Taiwanese President Ma Ying-jeou took office in 2008. […]

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RBCCM sees gold rally ahead – similar to 2005-2008

Royal Bank of Canada Capital Markets analysts Dan Rollins in Toronto and Jonathan Guy in London have come up with a detailed analysis of the gold market over the next few years comparing it with the big ETF driven gold price rally of 2005-2008. Over this period, gold doubled in price from $450 to $900, […]

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Monster Silver Rally Brewing

On silver’s 1-year chart we can see that a fine large Double Bottom is completing. We already had the breakout on good volume from the 2nd trough of this Double Bottom in the middle of February, and it was this event that has (rightly) caused traders to pile into silver, although the price hasn’t moved much […]

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IT’S WORSE THAN YOU THOUGHT

By 2023, Obamacare is estimated to cost $1.7 trillion, all to sign up 4.2 million people, most of which already had health insurance? Extrapolating out, if my math is correct, that’s over $400,000 of spending per Obamacare enrollee. I guess that’s pretty cheap. When the government creates “jobs” it usually cost more than a million […]

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Chinese Companies Caught in Yuan Riptide

China’s decision to squeeze speculators out of its currency is causing pain for local companies and individual investors. The yuan fell on Monday to its lowest level in 10 months against the dollar after the government over the weekend doubled the currency’s daily trading range. The decision, foreshadowed by months of hints by Chinese officials, […]

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In-the-know insiders are dumping stocks

In fact, you may want to take their pessimism as a signal to ditch some of your stocks or shift into industries in which insiders aren’t heavily selling, such as energy, financials and basic industrials. Just be aware that this record bearishness isn’t evident from the insider indicator that gets widespread attention on Wall Street […]

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We Cannot Get Away from Gold or Silver

It is remarkable how billions of human beings are using fiat currencies in the world today without any understanding at all of what they are doing. Curiosity and intellect are indeed very limited in supply amongst humans. Humanity is attempting to live by the use of fiat currencies – gold and silver as means of interaction between […]

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Crimea referendum: EU loads the gun for 'additional and far-reaching' measures against Russia

This is the crucial clause 4 from the EU’s draft conclusions on Russia sanctions, courtesy of our Brussels Correspondent Bruno Waterfield: There is still time to reverse current developments. Opportunities exist to avoid a negative spiral. The EU is ready for a constructive dialogue with all sides. The EU remains committed to the objective of developing […]

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