Category Archives: International Economic News

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Economic Surprises for 2017

January 23rd, 2017 by

Like famous Las Vegas gamblers, economists are consistently sought after for their forecasts and predictions of the future. While it may be disingenuous to dismiss these views as “your guess is as good as theirs,” there have been a staggering amount of incorrect guesses on the part of the “professionals” over the last eight years. Analyst […]

Russian Trump coin

Russia Is Minting Donald Trump Medals

January 21st, 2017 by

For all of the hubbub over President Donald Trump’s alleged connections to Russia, one Russian company is putting aside partisan politics for an objective masterpiece: gold and silver Trump medallions.

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World Economic Forum (WEF) Meets in Davos

January 20th, 2017 by

The world’s financial elite, from finance ministers to central bankers to business leaders to high-ranking government officials, held their annual gathering in Davos, Switzerland this week. This year, the meeting of the World Economic Forum (WEF) from January 17th to January 20th was focused on how the changing political and economic landscape around the world […]

india gold regulations

Gold Goes Missing from Indian Customs

January 11th, 2017 by

Customs officials in India may have a serious problem on their hands. Beyond the illicit trade of gold in the informal economy (i.e. the “black market”) and rampant gold smuggling in response to restrictive laws and duties related to the precious metal, the outright theft of gold from India’s customs agency now seems to be […]

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Black Swan Spooks China

January 1st, 2017 by

In finance and investing, a “Black Swan” is a symbol for an unexpected event or factor that causes a sudden shock to markets. An unforeseen shift in political power, a war breaking out, or any number of troubling events could result in the market disruptions and dislocations that characterize a Black Swan. Investors (as a […]

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Paschi Bailout No Cure For Italy’s Banks

December 26th, 2016 by

Trading in Italy’s Monte dei Paschi di Siena bank was halted indefinitely by government regulators late Thursday, after shares fell 7.5%. Markets were reacting to news that the troubled bank’s last-ditch effort to remain solvent had fallen through. The nation’s third-largest bank, the 544 year-old Monte dei Paschi will now be nationalized by the Italian […]

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Zimbabwe Plays Politics With Gold Mine

December 22nd, 2016 by

Metallon Corp. is the largest gold miner in Zimbabwe. It operates the Redwing mine in the city of Mutare, which finally came back online last November after sitting idle for the previous eight years. The firm recently approved a noble initiative as Redwing boosts its output: allocating mining claims to small, artisanal miners in the […]

india-gold-no

India Combats Gold Smuggling

December 20th, 2016 by

A great deal of news coverage has focused on the legislative war that the Indian government has engaged in against its domestic gold market, especially over the past two years. The unpopular effort seems to finally be having a noticeable impact, however, according to the latest data on gold smuggling from India’s Ministry of Finance.

The old Royal Mint Court
Julie Cookson [Creative Commons CC BY 2.0 ] via Wikimedia Commons

Royal Mint Enters Platinum Market

December 16th, 2016 by

In a storied history that spans more than an entire millennium, the Royal Mint—the official state mint of the United Kingdom—has actually never issued anything in platinum bullion before. That is all appearing to change in the near future now that the mint has partnered with the World Platinum Investment Council (WPIC) to bring platinum […]

2017 platinum krugerrand

Outlook for South African Platinum, Palladium

December 15th, 2016 by

Along with Russia, South Africa is one of the world’s main sources of Platinum Group Metals (PGMs)—namely, platinum and palladium. In terms of the proportion of the annual global supply of these metals that South African mining provides, the totals are 40% for palladium and a staggering 70% for platinum. Nonetheless, it’s been a trying several […]

silver manipulation

“Smoking Gun” for Silver Price Manipulation

December 8th, 2016 by

Last week, Germany’s Deutsche Bank (DB) finalized a $60 million settlement in a case that involved the manipulation of both gold prices and silver prices. The discovery process in that lawsuit has now revealed “smoking gun” evidence that the bank did not act alone in rigging the London fixes.

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India Gold Imports, Deficit Forecast Lower

December 7th, 2016 by

Due to remarkably consistent high volumes from year to year, India’s gold imports have the effect of a double-edged sword: the influx of gold puts tangible wealth in the hands of urban and rural dwellers alike yet makes the country’s current account deficit (CAD) balloon larger and become increasingly unmanageable.

deutsche-bank-crisis

Deutsche Bank Settles Gold Manipulation

December 6th, 2016 by

The massive German lender Deutsche Bank (DB) has been struggling mightily this year, watching its stock price crater roughly 30% year-to-date. (In fact, DB has lost more than 50% of its value in the past five years.) The company has been plagued by one round of bad news after another in 2016, drawing negative attention […]

japan yen

Yen, Japan to Rally?

December 5th, 2016 by

Over the last month, the Japanese yen has seen a sharp devaluation against the U.S. dollar. As we continue through the first week of December, Tokyo’s Nikkei 225 stock index has also taken a hit. Yes, this is largely due to the dollar being on a tear during the post-election “Trump Rally.” However, the eventual […]

Source: blog.optionsclick.com

Winning Trades in Japanese, Chinese Markets?

November 29th, 2016 by

It is often the case in the financial markets that investors and traders attempt to jump into a successful trade only to find they are too late to reap most of the gains. When the “hot money” (trades that are merely following a trend) flows into any particular bet on Wall St, the “smart money” […]

molten gold

Ghana Opens Second-largest Gold Refinery in Africa

November 19th, 2016 by

The West African nation Ghana is known as one of the top gold-producing countries in the world. From the most recent data, it ranks as #10 on the planet, and is second in the continent of Africa behind only South Africa. On an annual basis, the national gold output of Ghana is consistently above 90 […]

Narendra Modi [CC BY-SA 2.0], via Wikimedia Commons

Blame Modi for Gold’s Decline

November 15th, 2016 by

Many finance experts and market analysts have been scratching their heads in the days following the U.S. presidential election. As quickly as gold prices rose, they fell even further than where they started the week. Rather than marching toward $1,400/oz as many had predicted, gold is now threatening to fall to $1,200/oz. Why? One explanation […]

argor-heraeus

Argor-Heraeus Looks to Sell

November 14th, 2016 by

Swiss precious metals refiner Argor-Heraeus SA is renowned all over the world for the exceedingly high quality of its gold, silver, platinum, and palladium products. The firm upholds Switzerland’s reputation for mastery over the gold refining process while also being one of the leading innovators in new security measures for its products. Now, the company’s ownership […]

british-pound

British Pound Sterling Shows Case for Gold

October 28th, 2016 by

In the West, the general public tends to trust the strength and integrity of our financial system with the unquestioned faith of, frankly, a cult. If this wasn’t the case, fiat currencies like the U.S. dollar would already have succumbed to their inevitable death. This faith holds despite the increasingly frequent financial crises and good […]