Here is a great rough outline for where gold could go within the next couple of years. It’s based on the Elliot Wave Principle on bull markets driven by Fibonacci Sequences and the Golden Mean.
Fed Spends $26 Trillion from 2007 to 2011
February 17, 2012 By Leave a Comment
Back when Congressman Ron Paul and Alan Grayson audited the Fed in mid-2011, it was discovered that the US Federal Reserve issued approximately $26 Trillion dollars in loans and “currency swops” during a 4 year window between 2007 and 2011.
S&P Downgrades EFSF
January 16, 2012 By Leave a Comment
And so the latest inevitable outcome of the French downgrade from AAA has arrived, after the S&P just downgraded the EFSF, that pillar of European stability, from AAA to AA+.
European Nations Get Downgraded
January 15, 2012 By Leave a Comment
Stock markets and the single currency fell sharply as Standard and Poor’s cut France’s AAA rating. Italy saw its long-term rating drop by two notches, along with Spain, Portugal and Cyprus. Austria, Malta, Slovakia, and Slovenia had their ratings lowered by one notch.
Five European Nations to Be Downgraded by S&P?
January 13, 2012 By Leave a Comment
Standard & Poor’s will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday, without citing its sources.
Italy gets Downgraded Two Levels to BBB+
January 13, 2012 By Leave a Comment
Fresh off the presses, Italy’s time has come. S&P warned of a potential downgrade of several European countries back in December of last year. And since nothing has changed or improved at all since then, S&P has decided to pull the trigger.
Greece 1 Year Bonds Hits 400%
January 13, 2012 By Leave a Comment
Well it didn’t take that much time to jump to 400% since our last post. Greece is just taking a beating as their 1 year bonds continue to climb at rapid pace. I am still surprised that the country has yet to default.
Greece Bank Run Shows No Sign Of Stopping
January 10, 2012 By Leave a Comment
The year is not over yet, and already Greece’s banks have lost €36.7 billion of their deposit base in 2011, and a whopping €64.6 billion since the beginning of 2010, which is down from €233 billion to €173 billion in under two years.
Surge in ECB Lending by Banks
January 5, 2012 By Leave a Comment
The surge in emergency overnight borrowing by banks from the European Central Bank has continued, prompting market observers to speculate about what may be behind the trend. A total of €15 billion was drawn from the ECB’s “marginal lending facility” on Tuesday night, on top of €14.8 billion lent on Monday night and the €17.3 billion borrowed last Thursday, the highest since June 2009.
Santa Claus Rally Over?
January 4, 2012 By Leave a Comment
Well, it’s time to get your OAT tracker out, because quietly the OAT-Bund spread has blown out back to 145 bps, the widest it has been since late November when the world was ending, and before even the S&P announcement it would downgrade France (which incidentally we have not forgotten about – how is that “ASAP after the December 9 summit” thing going for you guys?).
