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Francs, Bonds, Barrels, and Bail-Ins

January 22, 2014
By Andy Sutton

As recently as a few weeks ago, the European Union directed its member nations to draft their own independent legislation for dealing with the resolution of a failed G-SIFI (Globally Significant Financial Institution). At the same time, we have all sorts of seams opening in the currency, bond, and commodity markets. The Swiss Franc is now un-pegged from the Euro, there have been wild swings in the bond markets in Europe due to the aforementioned action, and oil is in an absolute free-fall. There are many geopolitical (and likely criminal) maneuverings behind all of these phenomena, however the chaos in the financial world thus far has been remarkable in that there hasn’t been much given everything going on.
Read More @Original Source

How the Yuan-Dollar Currency Peg Ends

January 21, 2014
By Jim Rickards

In yesterday’s Daily Reckoning, I discussed currency pegs and how they caused problems when the pegged rate was out of kilter with economic reality.
China just gave us another example of the effects of a flawed currency peg, or managed exchange rate. Yesterday, the central bank announced that it would place restrictions on margin lending in an effort to stop stock market speculation.
China’s stock market promptly fell 7.7%, its biggest decline since June 2008.
But the authorities are fighting a losing battle. Let me explain why…
Read More @Original Source

Gold Price Model Says Gold Is Still Undervalued

January 20, 2014
By Gary Christenson

Gold hit a price low of approximately $1,140 in early November 2014. Since then it has rallied dramatically, possibly because of global fears about the financial system, the Swiss National Bank removing its peg to the Euro, more QE, escalating war in the Ukraine, or simply that gold prices were over-extended and ready to rally.
In my opinion gold reached an important low in November, and in spite of a rising dollar, has rallied since then in dollar terms, and even more in most other fiat currencies.
However gold is still undervalued by about 16% according to my long-term empirical model. Further, gold has potential to rally far higher and is likely to overshoot the 2014 equilibrium price of $1,527 calculated by the gold model. Gold could easily reach $2,000 by late 2015 or 2016.
Read More @Original Source

Germany Continues to Slowly Bring PHYSICAL Gold Home… WHY?

January 19, 2014
By Bix Weir, Road to Roota
One of the funniest examples of how distorted the COMEX and LBMA gold data is comes from the German Gold Repatriation Program. In 2013 Germany announced they will bring home 674 tons of their 2,192 tons that are “stored” abroad and since then there has been nothing but delays and problems. Today the Germans announced that they had “stepped up” their gold repatriation program in 2014 transferring 120 tons back to Germany.
Germany Repatriates MORE GOLD: Bundesbank
Frankfurt (AFP) – The German central bank or Bundesbank said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year.
“The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank said in a statement. Under the Bundesbank’s new gold storage plan in 2013, it decided to bring back 674 tonnes from abroad by 2020 and store half of its gold in its own vaults.
“Implementation of our new gold storage plan is proceeding smoothly. Operations are running very much according to schedule,” said Bundesbank executive board member Carl-Ludwig Thiele.
“We also called on the expertise of the Bank for International Settlements for the spot checks that had to be carried out. As expected, there were no irregularities,” Thiele said.

Read More @Original Source

Russia throws down the gauntlet: energy supply to Europe cut off; petrodollar abandoned as currency war escalates

January 17, 2014
By Mike Adams

There are some big moves taking place on the global stage that you need to know about, as this could all lead to World War III.
Yesterday Russia cut off its natural gas supply to Europe, “plunging the continent into an energy crisis ‘within hours’ as a dispute with Ukraine escalated,” reports the Daily Mail. [1]
“This morning, gas companies in Ukraine said that Russia had completely cut off their supply. Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.”
Read More @Original Source

Bo Polny – Are Precious Metals Getting Ready To Go Parabolic?

January 17, 2014

Bo Polny of Gold2020Forecast is a student of cycles.
Based upon his observations during our interview on election day in November 2014, he predicted that a major precious metals rally was starting that day. While his timing was off by perhaps 48 hours at most, his call has been on the money.
Listen to Bo’s follow-up on where markets are heading. You’ll be happy to know that all your stacking was not in vain. Quite the contrary, the big move is almost upon us!
Click Here to Listen


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