SNB & CHF

Glencore says that the market is deteriorating for lead smelters with no active mine. (Image of Sudbury nickel smelter.) Courtesy of Glencore. Glencore expects to resolve bribery and corruption investigations in the UK, US and Brazil this year and has set aside $1.5 billion (CHF1.4 billion) to cover potential fines and costs.   Neil Hume, Financial Times News of the provision came as the London-listed miner and commodity trader announced record earnings on the...

The European Union assumed that Switzerland would one day join the club. But, if anything, the Alpine country in the heart of Europe is moving further and further away. It has no intention of joining. The EU considers Switzerland a troublesome country. In 1992 it said no to the European Economic Area. In 2021 it unilaterally broke off negotiations on a framework agreement with the EU. It says “Yes, gladly!” to economic cooperation, but “No, thanks!” to more political...

Journalists Kate Duguid and Eric Platt explain that US government bond markets believe the Federal Reserve will be able to tame inflation. Actually bond markets believe the Fed doesn't know what it's doing AND they believe consumer prices increases are not caused by the Fed. ------EP. 186 TOPICS------ 00:00 INTRO: The Financial Times says the Federal Reserve will control inflation; Jeff reacts. 01:25 The Federal Reserve will use the labor market data to support rate hikes. 04:24 Are...

Far more men have been to space than women. The European Space Agency is recruiting and would be happy to hire females. To be considered, you need a master’s degree in a STEM subject (science, technology, engineering and mathematics), a medicine degree or a pilot’s license. The problem is that many girls in school consider STEM subjects to be a male domain.⁠ One Swiss woman who may have the right stuff is Deborah Müller, an engineer and manager at the space company RUAG. She...

When the state / empire loses the ability to recognize and solve core problems of security and fairness, it will be replaced by another arrangement that is more adaptable and adept at solving problems. From a systems perspective, nation-states and empires arise when they are superior solutions to security compared to whatever arrangement they replace: feudalism, warlords, tribal confederations, etc. States and empires fail when they are no longer the solution, they...

Last week we published our Gold Outlook 2022 Report, our annual analysis of the gold and silver markets from CEO Keith Weiner. In it, Keith explains the market players, dynamics, fallacies, and drivers for gold and silver. The report also includes analysis of Bitcoin and its effect on the gold market as well as inflation, interest rates and other macroeconomic factors. Last but not least, we give our price predictions for gold and silver for the year. In this week’s episode of the...

CEO of Monetary Metals Keith Weiner interviews Professor of Entrepreneurship at Oklahoma State University Per Bylund on regulation, entrepreneurship and more. Dr. Bylund has published research in top journals on both entrepreneurship and management. He has also published in the Quarterly Journal of Austrian Economics and the Review of Austrian Economics. He has founded four business startups and writes a monthly column for Entrepreneur magazine. Per and Keith discuss:...

Millions of people watch others play games on live streaming portals. One of the biggest gaming platforms is Twitch. It's where you can find Stefanie "Stefy" Holenweg. Under the name "8bitblonde", she is one of the best-known Twitch users in Switzerland. She gives us a glimpse into her world, which is not just about games but also about social encounters. Private topics, such as heartbreak, are also discussed in her community. Stefy sees this as one of the advantages of...

Der türkische Staatspräsident Recep Tayyip Erdo?an hat Berichten zufolge die Regierungspartei des Landes angewiesen, eine Studie über Kryptowährungen und das Metaverse durchzuführen. “Es ist ein sensibles Thema, eine gute und sorgfältige Studie sollte durchgeführt werden”, sagte Präsident Erdo?an. Der türkische Präsident Recep Tayyip Erdo?an hat Berichten zufolge auf der zentralen Vorstandssitzung der Partei für Gerechtigkeit und Entwicklung, die am Dienstag unter...

Die indonesische Finanzaufsichtsbehörde (OJK) hat Finanzunternehmen die Nutzung, Vermarktung und/oder Erleichterung des Kryptohandels verboten. Die Finanzaufsichtsbehörde warnte die Öffentlichkeit außerdem davor, sich vor betrügerischen Schneeballsystemen unter dem Deckmantel von Kryptowährungen in Acht zu nehmen. Die indonesische Finanzdienstleistungsbehörde (OJK), die in Jakarta ansässige Regierungsbehörde, die den Finanzdienstleistungssektor reguliert, warnte am...