LATEST NEWS : Goldcorp CEO Jeannes Sees "Peak Gold" in Sector This Year or Next

Miners have reached “peak gold,” in which production of the precious metal has hit its high as easy-to-mine gold deposits become harder to find, said Chuck Jeannes, chief executive of Goldcorp, the world’s largest gold miner by market capitalization.   continue reading at online.wsj.com

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LATEST NEWS : Fed Weighs Change to Rate Guidance for Added Flexibility

Federal Reserve officials are considering whether to alter their guidance on the likely path of interest rates to give them more flexibility to react to changes in the economy. The Fed has said since March that its benchmark rate would stay low for a “considerable time” after it completes monthly bond buying intended to boost […]

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LATEST NEWS : How the Federal Reserve Is Killing America

It’s maddening. Our economy is stagnating. The divide between haves and have-nots is widening every day. There are fewer and fewer good jobs and careers to be had. And maybe worst of all, according to a survey by the nonprofit Employee Benefit Research Institute and Greenwald & Associates, about 36% of workers have less than […]

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LATEST NEWS : SNB Won’t Exclude Negative Interest Rates, Spokesman Meier Says

The Swiss National Bank is willing to take further measures such as negative interest rates if pressure on the franc intensifies, spokesman Walter Meier said today. “If needed we would take extra measures, with a negative rate a conceivable option,” Meier said by phone from Zurich, adding that this was the SNB’s standard comment. The […]

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LATEST NEWS : Ownership of UK gold up for negotiation if Scotland votes "Yes"

An independent Scotland could lay claim to a part of the United Kingdom’s 310-tonne gold reserves if votes go in favour of the “Yes” campaign this month, with ownership of Britain’s bullion hoard up for negotiation along with other assets. “The distribution of the UK’s assets in the event of Scottish independence would be subject […]

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LATEST NEWS : Russia, China agree to settle more trade in yuan and rouble

Russia and China pledged on Tuesday to settle more bilateral trade in rouble and yuan and to enhance cooperation between banks, Russia’s First Deputy Prime Minister Igor Shuvalov said, as Moscow seeks to cushion the effects of Western economic sanctions. Shuvalov told reporters in Beijing that he had agreed an economic cooperation pact with China’s […]

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LATEST NEWS : China will overtake America to become world's biggest economy within a decade

China will overtake America to become the world’s biggest economy in just 10 years, according to a report. The U.S. has been the world’s economic leader for more than a century, but now, a huge rise in consumer spending in China is expected to see it passed in 2024. Chinese consumer spending is predicted to […]

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LATEST NEWS : For Europe's vast unemployed, hopes remain dim

For the struggling Spanish shopkeeper or the Portuguese restaurant owner, the European Central Bank’s latest economic stimulus plans won’t likely provide much relief anytime soon. continue reading at seattletimes.com

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LATEST NEWS : Scotland split fears pound sterling, Europe flinches

World share markets stalled on Monday as the threat of Scotland splitting from the rest of Britain leapt to the forefront of investors’ attention, the latest in a recent run of geopolitical curveballs. Sterling fell to a 10-month low against the dollar and British shares and government bonds led a cautious Europe lower after a […]

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LATEST NEWS : The Exaggerated Death of Inflation

Is the era of high inflation gone forever? In a world of slow growth, high debt, and tremendous distributional pressures, whether inflation is dead or merely dormant is an important question. Yes, massive institutional improvements concerning central banks have created formidable barriers to high inflation. But a significant part of a central bank’s credibility ultimately derives from […]

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