Europe, Brexit and the Credit Cycle

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Europe’s financial and systemic troubles have retreated from the headlines. This is partly due to the financial media’s attention switching to President Trump and the US budget negotiations, partly due to Brexit and the preoccupation with Britain’s problems, and partly due to evidence of economic recovery in the Eurozone, at long last. And finally, anyone […]

Investment Masterpieces

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This article was originally published on MastersInvest.com. Have you ever stopped to consider the difference between science and art? How some things fall rather naturally into one or other of the categories, (like the ‘science of engineering’ or the ‘art of film production’), yet many other things remain difficult to categorise. They may even belong to both. Part of the distinction […]

What Wall Street Won’t Tell You: Expect the Unexpected in 2018

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This post What Wall Street Won’t Tell You: Expect the Unexpected in 2018 appeared first on Daily Reckoning. Rejoice, investors! Prediction season is upon us! The financial web is now brimming with bold prognostications for stocks, bonds, commodities, and which celebrity is next in line to kick the bucket. Everyone from big bank analysts to […]

Blyvoor Gold set to start construction in January

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Peter Skeat’s project to re-open the former Blyvooruitzicht (Blyvoor) gold mine should finally get the green light in January after a string of funding set-backs during 2017 which have delayed the start-up since May. That was the original target set by Skeat in November 2016 but he – wisely – qualified his forecast at the […]

Cheering for Bitcoin, Gold and Silver Report 17 Dec 2017

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We have published many articles, arguing that bitcoin is unsound. Yet for all those arguments, there is a bright side to bitcoin. It is exciting to see that there is an audience of millions of people—mainstream people, not wild-eyed End-The-Fed gold bug preppers who keep their gold hoards with their stockpiles of ammo—who are looking […]

‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank

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‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank   – ‘Availability of gold strengthens public confidence in the central bank’s balance sheet’ say Bundesbank– Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets– Bank taken series of steps to increase transparency around Germany’s gold holdings– Germany has second largest gold holdings in the world; […]

Tax Reform & The “Japanification” Of America

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On Friday, Kevin Brady of the House Ways and Means Committee was on my radio program discussing the “Tax Cuts & Jobs Act” bill which was released later in the day. Here are the details of the release he referenced in the interview. Of course, the real question is how are you going to “pay for it?” Even […]

Japan's Exports Boom But Inflation Refuses To Follow The Script

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Japanese exports boomed in November 2017, rising +16.2% versus a year earlier and beating consensus expectations of +14.7%. It was the fifth straight month of double-digit growth and the strongest since August. Last month, growth of +14.0% had undershot expectations of +15.7%. Imports in November grew slightly less than expected at +17.2% versus the consensus […]

Bitcoin futures part II: CME makes bigger splash for Wall Street traders

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By Rob Urban, Camila Russo and Brian Louis (Bloomberg) – The world’s biggest exchange just joined the bitcoin revolution. Bitcoin futures started trading Sunday night at CME Group Inc.’s venue, a week after Chicago rival Cboe Global Markets Inc. introduced similar derivatives on the volatile cryptocurrency. CME is a much bigger player in futures, so many […]

There's Never Been A Worse Time For A European Investor To Buy US Treasuries

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Since the common currency's inception in 1999, the EUR-hedged yield 'offered' to European investors from investing in US Treasuries has never been worse… As Bloomberg notes, for European investors using swaps to protect against currency swings, the benchmark 10-year U.S. yield fell Friday on a euro-hedged basis to around -60bps. In other words, it costs […]

Austria: New Government To Resist "Islamization"

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Authored by Soeren Kern via The Gatestone Institute, A coalition between the anti-immigration Austrian People's Party and the anti-establishment Austrian Freedom Party, which will be sworn into office on December 18, is poised to catapult Austria to the vanguard of Western Europe's resistance to mass migration from the Muslim world. The massive demographic and religious […]